Exhibit 10.49


 





 


Deep
Green Waste & Recycling, Inc.


13110
NE 177th Place


Suite
293


Woodinville,
WA 98072


 


	 	Re:	Finder’s
    Fee Agreement


 


Dear
Lloyd Spencer:


 


As
you know, Deep Green Waste & Recycling, Inc. (the “Issuer”), has expressed an interest in obtaining private equity
or debt capital for various purposes. This letter agreement (“Agreement”) sets forth the terms and conditions upon
which J.H. Darbie & Co., Inc. (“Darbie”), will introduce the Issuer to third-party investors (each, an “Introduced
Party”).


 


1.
Nature of Agreement and Services.


 


(a)
Promptly upon execution of this Agreement by the Issuer, Darbie will use its best efforts to initiate an introductory meeting between
principals of the Introduced Party and the Issuer to discuss a possible Transaction (as defined herein). The Issuer understands that
Darbie is not guaranteeing that a Transaction will be consummated, is not offering to purchase any securities of the Issuer and is not
obligated to provide any additional services beyond the scope of this Agreement.


 


(b)
Issuer is not at the time of this Agreement a customer, affiliate, or representative of Darbie.


 


(c)
Darbie is not providing any recommendation to the Issuer in connection with any possible Transaction.


 


(d)
Darbie has not provided any investment banking, advisory, or analytic services to the Issuer, including underwriting or placement agent
services, either as principal or agent, in connection with the offer or sale of any securities of the Issuer.


 


(e)
Darbie is not and will not be a party to any contract entered into between the Issuer and any Introduced Party.


 


(f)
Darbie will not participate in any way in fulfilling any obligations to any Introduced Party undertaken by the Issuer, including services
relating to the offer or sale of securities, such as: (i) performing any independent analysis of the offer or sale of securities; (ii)
engaging in any due diligence activities; (iii) assisting in or providing financing for such purchases; (iv) providing any advice relating
to the valuation of or the financial advisability of such an investment; (v) advising or providing information regarding the suitability
of any investment for any person; or (vi) handling any funds or securities.


 


2.
Term.


 


(a)
This Agreement will remain in effect for a period of 120 days from its date (the “Term”). Darbie will have
the right to terminate this Agreement upon five days’ prior written notice to the Issuer. The Issuer will not have the right to
terminate this Agreement unless there has been a breach by Darbie of a material term of this Agreement, and the Issuer has provided Darbie
with written notice of such breach; provided, however, Darbie will have the right to cure such breach within 10 days of
the date of the notice sent by the Issuer. Notwithstanding termination of this Agreement, Darbie will be entitled to receive compensation
under section 3 in the event the Issuer and an Introduced Party consummate a Transaction (as defined herein) at any time during the period
commencing on the date hereof and ending 24 months from the date of introduction of the Introduced Party to the Issuer. Sections
2, 3, 6, 8, and 11 will survive termination of this Agreement.


 


J.H.
Darbie & Co.


40
Wall Street New York, NY 10005 


Telephone:
212-269-7271 Fax: 212-269-7330


www.jhdarbie.com


 




    	 



     


    

 


J
H DARBIE & CO., INC.


 


Deep
Green Waste & Recycling, Inc.


05/13/2021


Page
2


 


(b)
If: (i) during the 24 months following termination or expiration of this Agreement, any Introduced Party purchases equity or debt securities
from the Issuer other than through an underwritten public offering; or (ii) during the Term, an Introduced Party enters into an agreement
to purchase securities from the Issuer, which is consummated at any time thereafter; each of the foregoing, a “Transaction,”
the Issuer will pay Darbie, upon the receipt of the purchase price for the securities or the close of the Transaction, a Finder’s
Fee in the amount that would otherwise have been payable to Darbie in accordance with this Agreement had such Transaction occurred during
the Term.


 


3.
Finder’s Fee and Expenses.


 


(a)
In consideration of the foregoing, upon consummation of the closing regarding a financing on behalf of the Issuer, directly or through
a structured Transaction, Darbie will be entitled to receive a finder fee (“Finder’s Fee”) in cash equal to
9% of the gross proceeds of an equity/convertible debt transaction and/or cash equal to 4% of the gross proceeds of a non-convertible
debt transaction received by the Issuer within three business days from the closing date. The Issuer and the Introduced Party will not
be obligated to pay Darbie if the Issuer does not receive the Transaction Proceeds for any reason whatsoever.


 


(b)
Within three days of closing the Transaction a warrant in the form, appropriately completed to reflect the following terms. The Issuer
also shall pay Darbie non-callable warrants of the Issuer issuable to Darbie, or its designee simultaneously with the closing of the
Transaction equal to 9% warrant coverage of the amount raised. The warrants shall entitle the holder thereof to purchase securities of
the Issuer at a purchase price equal to 120% of the Introduced Party’s exercise price of the Transaction or the public market closing
price of the Issuer’s common stock on the date of the Transaction, whichever is lower (such price, the “Warrant Price”).
The warrants shall be exercisable immediately after the date of issuance, shall have participating registration rights and shall expire
5 years after the date of issuance. If warrants are issued to investors in a Transaction, the JHD warrants shall have the same terms
as the warrants issued to investors in the applicable Transaction, except that such JHD warrants shall have an exercise price equal to
120% of the Warrant Price.


 


(c)
In the event that the Issuer proceeds with a non-financing transaction with one or more Introduced Parties, then prior to closing the
Issuer and Darbie shall mutually agree upon compensation payable to Darbie which may include an ownership interest in the resulting licensed,
joint venture and/or merged/acquiring entity. In the event the Issuer completes a non-financing transaction with an Introduced Party,
without first agreeing with Darbie on the finder’s fee for the non-financing transaction, then Darbie shall be entitled to receive
a cash fee equal to 6% of any licensing fees payable upon receipt by the licensor, a cash fee equal to 6% of the value of the Issuer
related portion of the surviving entity resulting from any merger or acquisition payable upon closing of the transaction and, in the
case of a joint venture, equal to 6% of Darbie’s ownership portion of the joint venture.


 


(d)
The Finder’s Fee will be paid in cash and will be payable whether or not the Transaction involves equity or debt securities, or
a combination of equity and debt securities and cash or is made on the installment-sale basis. The Finder’s Fee will be deducted
from the Transaction Proceeds by the Introduced Party, and the Introduced Party will remit the Finder’s Fee directly to Darbie
on Issuer’s behalf. For purposes of this Agreement “Transaction Proceeds” will mean the fair market value of
all cash and securities received by the Issuer from the Introduced Party, including a debt repayment or debt assumption, all determined
in accordance with generally accepted accounting principles. Notwithstanding the foregoing, in the event that the Transaction Proceeds
are received by the Issuer in installments, the compensation payable to Darbie hereunder will be due and payable upon receipt by the
Issuer of each installment in the same manner described earlier in this section.


 




    	 



     


    

 


J
H DARBIE & CO., INC.


 


Deep
Green Waste & Recycling, Inc.


05/13/2021


Page
3


 


(e)
Darbie will be solely liable for the payment of any taxes imposed or arising out of any Finder’s Fee received by it under this
Agreement.


 


(f)
Issuer agrees to not circumvent Darbie by entering into business relations with any Introduced Party without providing payment of the
agreed upon Finder’s Fee as stated in this Agreement.


 


(g)
Issuer and Darbie will each pay its own expenses arising out of or relating to this Agreement.


 


(h)
Preexisting Relationship. In the event Issuer has prior evidentiary communication with an Introduced Party, the Issuer will notify
Darbie of such a relationship and, upon written request, provide documentation of the Issuer’s prior communication with an Introduced
Party. Communication will include phone or e-mail contact or written representations by both Issuer and an Introduced Party of a preexisting
relationship. For purposes of this paragraph, email communication is deemed acceptable.


 


(i)
Darbie’s Representations and Warranties. Darbie, a registered broker-dealer, represents and warrants that: (a) it is not
prohibited by any legal, contractual, fiduciary, or other obligation from receiving a Finder’s Fee; (ii) it has the full legal
authority and capacity to sign this Agreement; (iii) it is acting merely as a finder and will not provide investment banking or related
services to Issuer or any potential Introduced Parties; and (iv) no other person or entity is entitled to or has any claim to the Finder’s
Fee or any portion thereof. Darbie agrees to notify the Issuer promptly if any of the foregoing representations ceases to be true.


 


(j)
Confidential Information. Darbie will hold in confidence, for a period of two years from the date hereof, any confidential information
that the Issuer may provide to it pursuant to this Agreement unless the Issuer gives Darbie permission in writing to disclose such confidential
information to a specific third party. Notwithstanding the foregoing, Darbie will not be required to maintain confidentiality for information:
(a) that is or becomes part of the public domain through no fault or action of Darbie; (b) of which it had independent knowledge prior
to disclosure to it by the Issuer; (c) that comes into Darbie’s possession in the normal and routine course of its own business
from and through independent, nonconfidential sources; or (d) that is required to be disclosed by Darbie by governmental or security
regulatory requirements. If Darbie is requested or required (by oral questions, interrogatories, requests for information or document
subpoenas, civil investigative demands, or similar process) to disclose any confidential information supplied to it by the Issuer, or
the existence of other negotiations in the course of its dealings with the Issuer or its representatives, Darbie will, unless prohibited
by law, promptly notify the Issuer of such a request so that the Issuer may seek an appropriate protective order.


 


(k)
Independent Contractor. Nothing in this Agreement will constitute a business combination, joint venture, partnership, or employment
relationship between the Issuer and Darbie. Darbie acknowledges and agrees that it is merely and strictly acting as a finder, and not
as an agent, employee, or representative of the Issuer, and has no authority to negotiate for or to bind the Issuer. This Agreement is
not exclusive, and each party is free to enter into similar arrangements with third parties. Darbie agrees it will not make, publish,
or distribute any advertisement or marketing material using the trademarks, logos, trade names or abbreviations thereof, or any other
such identifying mark or name of the Issuer or its affiliates without the prior consent of the Issuer.


 


(l)
Indemnification. Each party hereto agrees to indemnify and hold harmless the other party and its officers, directors, employees,
agents, representatives, and controlling persons (and the officers, directors, employees, agents, representatives, and controlling persons
of each of them) (as such are defined in Section 20 of the Securities Exchange Act of 1934, as amended), from and against any and all
losses, claims, damages, liabilities, costs, and expenses (and all actions, suits, proceedings, or claims in respect thereof) and any
legal or other expenses in giving testimony or furnishing documents in response to a subpoena or otherwise (including the cost of investigating,
preparing, or defending any such action, suit, proceeding or claim, whether or not in connection with any action, suit, proceeding, or
claim in which Darbie or the Issuer is a party), as and when incurred, directly or indirectly, caused by, relating to, based upon, or
arising out of Darbie’s service pursuant to this Agreement, including any suit based upon the terms and conditions of a Transaction
or information, representations, or warranties provided by the Issuer to a Transaction party by the Issuer. The Issuer further agrees
that Darbie will incur no liability to the Issuer for any acts or omissions by Darbie arising out of or relating to this Agreement or
Darbie’s performance or failure to perform any services under this Agreement, except for: (a) Darbie’s intentional or willful
misconduct; or (b) information regarding Darbie that is provided by Darbie to the Issuer or to a Transaction party. Further, in no event
will Darbie be liable to the Issuer or to any third party or Transaction party for an amount in excess of the cash compensation received
pursuant to section 3 hereof. This section 8 will survive the termination of this Agreement. Notwithstanding the foregoing, no party
otherwise entitled to indemnification will be entitled thereto to the extent such party has been determined to have acted in a manner
that has been deemed as gross negligence or willful misconduct regarding the matter for which indemnification is sought herein.


 




    	 



     


    

 


J
H DARBIE & CO., INC.


 


Deep
Green Waste & Recycling, Inc.


05/13/2021


Page
4


 


(m)
Notices. Any notice, demand, request, or other communication permitted or required under this Agreement will be in writing and
will be deemed to have been given as of the date so delivered, if personally delivered; as of the date so sent, if sent by electronic
mail and receipt is acknowledged by the recipient; and one day after the date so sent, if delivered by overnight courier service; addressed
as follows:


 


	 	If
    to the Issuer:	Deep
    Green Waste & Recycling, Inc.
	 	 	13110
    NE 177th Place
	 		Suite
    293
	 		Woodinville,
    WA 98072
	 		Attn:
    Lloyd Spencer
	 		Email:
    lloyd.spencer@deepgreenwaste.com
	 	 	 
	 	If
    to Darbie, to:	J.
    H. Darbie & Co., Inc.
	 		40
    Wall Street
	 		New
    York, NY 10005
	 		Attn:
    Xavier Vicuna
	 		Email:
    ib@jhdarbie.com


 


Notwithstanding
the foregoing, service of legal process or other similar communications will not be given by electronic mail and will not be deemed duly
given under this Agreement if delivered by such means. Each party, by notice duly given in accordance herewith, may specify a different
address for the giving of any notice hereunder.


 


(n)
Successors and Assigns. No party will assign its rights, duties, and obligations under this Agreement without the written consent
of the other party, which will not be unreasonably withheld, except as otherwise specifically contemplated in this Agreement. This Agreement
will be binding upon, inure to the benefit of, and be enforceable by the parties and their permitted successors and assigns.


 


(o)
Governing Law and Enforcement. This Agreement will be governed by and construed under and in accordance with the laws of the state
of New York, without giving effect to any choice or conflict of law provision or rule (whether the state of New York or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the state of New York. All matters involving the Issuer and
Darbie, whether arising under this Agreement or otherwise will be heard and determined by mediation or arbitration.


 


(p)
Entire Agreement. This Agreement incorporates and includes all prior negotiations, correspondence, conversations, agreements,
or understandings applicable to the matters contained herein, and the parties agree that there are no commitments, agreements, or understandings
concerning the subject matter of this Agreement that are not contained in this document. The parties acknowledge that, in deciding to
enter into this Agreement, they have not relied upon any statements, promises, or representations, written or oral, express or implied,
other than those set forth in this Agreement. Accordingly, it is agreed that no deviation from the terms hereof will be predicated upon
any prior representations or agreements, whether oral or written. The parties acknowledge that they have negotiated this Agreement at
arm’s-length with adequate representation on an equal basis, and the filing of a suit challenging the negotiated terms of this
Agreement by either party will be deemed a default and this Agreement will be terminated as provided herein.


 


(q)
Amendment. Any amendment, modification, or waiver of the terms of this Agreement must be executed in writing by both parties.


 


(r)
Severability. The provisions of this Agreement are severable and should any provision hereof be void, voidable, or unenforceable
under any applicable law, such void, voidable, or unenforceable provision will not affect or invalidate any other provision of this Agreement,
which will continue to govern the relative rights and duties of the parties as though the void, voidable, or unenforceable provision
was not a part hereof. In addition, it is the intention and agreement of the parties that all the terms and conditions hereof be enforced
to the fullest extent permitted by law.


 


(s)
Warranty of Authority. Each of the individuals signing this Agreement on behalf of a party hereto warrants and represents that
such individual is duly authorized and empowered to enter in this Agreement and bind such party hereto.


 


(t)
Counterpart Signatures. This Agreement may be executed in any number of counterparts (and any counterpart may be executed by original,
portable document format (pdf), or facsimile signature), each of which when executed and delivered will be deemed an original, but all
of which will constitute one and the same instrument.


 




    	 



     


    

 


If
the foregoing is acceptable to you, please so indicate by signing in the space provided below and returning a signed copy of this Agreement
to us for our records.


 


	Sincerely,	 
	 	 
	J.H.
    DARBIE & CO., INC.	 
	 	 	 
	By:	 	 
	Name:	Xavier
    Vicuna	 
	Title:	Vice
    President	 
	 	 	 
	Deep
    Green Waste & Recycling, Inc.	 
	 	 
	By:	 	 
	Name:	Lloyd
    Spencer	 
	Title:	CEO	 


 


Agreed
to and accepted this _________ day of May 2021.