Exhibit
10.3


 





 


SERVICES
AGREEMENT


 


This
Agreement (this “Agreement”) is made and entered into by and between Trending Equities Corp. (the “Consultant”),
and Ammo, Inc., located at 7681 East Gray Road Scottsdale, AZ 85260 (the “Company”; collectively the “Parties”)
on May 16th, 2021.


 


W
I T N E S S E T H:


 


WHEREAS,
the Consultant, a Canadian corporation, located at 1932 Merlot Blvd, Abbotsford BC V4X 0A6, operates a strategic advisory, investor relations
& public relations firm; and


 


WHEREAS,
the Client is a publicly-held company trading under the stock ticker POWW; and


 


WHEREAS,
the Client desires to utilize the services of the Consultant in connection with its business operations;


 


NOW,
THEREFORE, in consideration of the promises and the mutual covenants hereinafter set forth the parties hereto agree as follows:


 


		1.	CONSULTANT
                                            DUTIES. The Consultant shall provide to the Company certain consulting services (the
                                            “Services”) in the areas of road show materials, investor communications, investor
                                            introductions, and marketing materials in association with the Preferred Series A underwritten
                                            by Alexander Capital. In performance of these duties, the Consultant shall provide the Company
                                            with benefits of its best judgement and efforts. It is understood and acknowledged by the
                                            Parties that the value of the Consultant’s Services is not measurable in any quantitative
                                            manner.



 


		2.	TERM.
                                            Effective as of the date hereof (the “Effective Date”) the Company hereby engages
                                            the Consultant to provide to it the Services for (1) month, commencing on May 16th,
                                            2021, and terminating at the close of business on June 16th, 2021 (the “Term”).



 


		3.	FEES.
                                            As consideration for the Consulting Services to be rendered by the Consultant to the Client
                                            during the Term, the Client shall pay the following Fees (the “Fees”):



 


		a.	Client
                                            shall also pay to the Consultant stock compensation (the “Stock Fee”) of 500,000
                                            shares of registered common stock. Upon signing the contract five hundred thousand (500,000)
                                            shares of common stock valued at $2.00.



 




    	 	 	 



     


    

 


		b.	Wiring
                                            Instructions for Cash Fee are as follows:



 


Trending
Equities Corp.


 


TD
Canada Trust


 


For
transfer in U.S. Dollars


 


		c.	The
                                            500,000 Shares constitute a commencement inventive and consideration, due and owing to the
                                            Consultant for entering into this Agreement and allocating its resources to Company’s
                                            account for the Initial Term. Company acknowledges that Consultant must forego other opportunities
                                            to enter into this Agreement



 


		d.	Company
                                            agrees that it shall take no action to cause the Shares to become canceled, voided or revoked,
                                            or the issuance thereof to be voided or terminated.



 


		e.	Company
                                            agrees to timely take all action(s) necessary to clear the Shares of restriction upon presentation
                                            of any Rule 144 application by Consultant or its broker, including, without limitation, authorizing
                                            the Company’s transfer agent to remove the restrictive legend, (ii) expediting the
                                            acquisition of a legal opinion from Company’s authorized counsel at Company’s
                                            expense, (iii) delivering any additional documentation that may be required by Consultant,
                                            its broker or the transfer agent in connection with the legend removal request, including
                                            Rule 144 company representation letters, resolutions of the Board of Directors evidencing
                                            proper issuance of the Shares, etc., and (iv) cooperating and communicating with Consultant,
                                            its broker and the transfer agent in order to clear the Shares of restriction as soon as
                                            possible.



 


		4.	CLIENT
                                            DUTIES. The Client agrees to the following:



 


The
Client will disclose to the Consultant any and all information the Client deems pertinent and necessary to the Consulting Services to
be performed hereunder; and the information supplied by the Client to the Consultant will be from dependable and reliable sources and
will be true and accurate in all material respects.


 


		5.	CONFIDENTIALITY.



 


		a.	Confidential
                                            Information. Each Party agrees to hold private and confidential all confidential information
                                            of the other Party and neither Party, without the prior written consent of the other, shall
                                            divulge, disseminate, communicate or otherwise disclose any confidential or proprietary information
                                            of the other Party except to the extent required by law, regulation or any judicial or regulatory
                                            authority. Confidential information includes, but is not limited to, any information not
                                            obtainable by the general public and which contains information which would be considered
                                            owned by the owner and proprietary in nature and which would be considered as a trade secret
                                            except so far as it already exists in the public domain. For the avoidance of doubt, the
                                            Parties hereto acknowledge and agree that only publicly available information shall be distributed
                                            or disseminated in connection with the provision of the Consulting Services hereunder and
                                            under no circumstance will any confidential information be distributed or disseminated in
                                            connection therewith.



 


		6.	NON-SOLICITATION.
                                            During the Term of this Agreement and for twenty-four (24) months after any termination
                                            of this Agreement, Client will not, without prior written consent of Consultant, either directly
                                            or indirectly, on Client’s behalf or in the service or on behalf of others, solicit
                                            or attempt to solicit, divert, or hire away any person employed by Consultant currently or
                                            during the previous twelve (12) months, any third party or Consultant, or any customer of
                                            Consultant.



 




    	 	 	 



     


    

 


		7.	JURISDICTION.
                                            This Agreement shall be governed by and construed in accordance with the laws of the State
                                            of Delaware without giving effect to conflict of laws principles. The Parties agree that
                                            any dispute arising out of or in relation to this contract shall be resolved by arbitration
                                            and judgment upon the award rendered by the arbitrators may be entered in any court having
                                            jurisdiction. The arbitration shall be conducted in the English language in the city of New
                                            York, New York. The arbitration shall be carried out using one of the following arbitration
                                            services: “JAMS, AAA, or NAM”, using one arbitrator. The party demanding arbitration
                                            shall have the choice of one the three arbitration services named herein.



 


		8.	SEVERABILITY.
                                            If any paragraph, term or provision of this Agreement shall be held or determined to be unenforceable,
                                            the balance of this Agreement shall nevertheless continue in full force and effect unaffected
                                            by such holding or determination.



 


		9.	HEADINGS.
                                            The section headings contained in this Agreement are for reference purposes only and shall
                                            not affect the meaning or interpretation of this Agreement.



 


		10.	NOTICES,
                                            PAYMENTS. Any payment, notice or other communication required by this Agreement (a) shall
                                            be in writing, (b) may be delivered personally, sent via electronic mail, or sent by reputable
                                            overnight courier with written verification of receipt or by registered or certified first
                                            class United States Mail, postage prepaid, return receipt requested, (c) shall be sent to
                                            the addresses listed above or to such other address as such party shall designate by written
                                            notice to the other party, and (d) shall be effective upon receipt.



 


		11.	FURTHER
                                            ACTION. The Parties hereto shall execute and deliver all documents, provide all information
                                            and take or forbear from all such action as may be necessary or appropriate to achieve the
                                            purposes of this Agreement.



 


		12.	ASSIGNMENT.
                                            This Agreement may not be assigned by either party hereto without the written consent of
                                            the other but shall be binding upon the successors of the Parties.



 


		13.	COUNTERPARTS.
                                            This Agreement may be executed in duplicate counterparts, each of which shall be deemed an
                                            original, but all of which together shall constitute one and the same Agreement. In the event
                                            that the document is signed by one party and faxed (or e- mailed) to another the Parties
                                            agree that a faxed (or e-mailed) signature shall be binding upon the Parties to this Agreement
                                            as though the signature was an original.



 




    	 	 	 



     


    

 


IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement on the day and year first above written.


 


	Trending
    Equities Corp.	 
	 	 	 
	By:	/s/
    Mike Baron	 
	Name:
    	Mike
    Baron	 
	Title:
    	CEO	 
	 	 	 
	Ammo,
    Inc.	 
	 	 	 
	By:
    	/s/
    Fred Wagenhals	 
	Name:
    	Fred
    Wagenhals	 
	Title:
    	CEO