# EDGAR Filing Document

**Accession Number:** 0001895251
**File Stem:** 0001493152-23-001875
**Filing Date:** 2023-1
**Character Count:** 1307132
**Document Hash:** f96919922f238e30b9325d4cd4d39072
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-001875.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001493152-23-001875

**CONFORMED SUBMISSION TYPE**: 10-12G

**PUBLIC DOCUMENT COUNT**: 31

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sustainable Green Team, Ltd.
- **CENTRAL INDEX KEY:** 0001895251
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE SERVICES [0700]
- **IRS NUMBER:** 844588111
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56510
- **FILM NUMBER:** 23537004

**BUSINESS ADDRESS:**
- **STREET 1:** 24200 CR-561
- **CITY:** ASTATULA
- **STATE:** FL
- **ZIP:** 34705
- **BUSINESS PHONE:** 407-886-8733

**MAIL ADDRESS:**
- **STREET 1:** 24200 CR-561
- **CITY:** ASTATULA
- **STATE:** FL
- **ZIP:** 34705

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 10**

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**PURSUANT TO SECTION 12(b) OR 12(g) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

**THE SUSTAINABLE GREEN TEAM, LTD.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **61-1934413** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. employer**<br> **identification no.)** |

---

**24200 CR-561**

**Astatula, FL 34705**

**(Address of principal executive offices and zip code)**

**(407) 886-8733**

**(Registrant's telephone number, including area code)**

**Securities to be registered pursuant to Section 12(b) of the Act:**

**None**

**Securities to be registered pursuant to Section 12(g) of the Act:**

**Common Stock, par value $0.0001 per share**

**(Title of class)**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
|  |  | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financing accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | **Page** |
| [IMPLICATIONS OF BEING AN EMERGING GROWTH COMPANY](#Link_001) | 1 |
| [DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS](#v_000001) | 2 |
| [RISK FACTOR SUMMARY](#Link_002) | 3 |
| [ITEM 1. BUSINESS](#Link_003) | 5 |
| [ITEM 1A. RISK FACTORS](#Link_004) | 20 |
| [ITEM 2. FINANCIAL INFORMATION](#Link_005) | 37 |
| [ITEM 3. PROPERTIES](#Link_006) | 52 |
| [ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT](#Link_007) | 52 |
| [ITEM 5. DIRECTORS AND EXECUTIVE OFFICERS](#Link_008) | 53 |
| [ITEM 6. EXECUTIVE COMPENSATION](#Link_009) | 58 |
| [ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE](#Link_010) | 62 |
| [ITEM 8. LEGAL PROCEEDINGS](#Link_011) | 63 |
| [ITEM 9. MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS](#Link_012) | 65 |
| [ITEM 10. RECENT SALES OF UNREGISTERED SECURITIES](#Link_013) | 67 |
| [ITEM 11. DESCRIPTION OF THE REGISTRANT'S SECURITIES TO BE REGISTERED](#Link_014) | 71 |
| [ITEM 12. INDEMNIFICATION OF DIRECTORS AND OFFICERS](#Link_015) | 75 |
| [ITEM 13. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#Link_016) | 76 |
| [ITEM 14. CHANGES IN AND DISAGREEMENTS WITH AUDITORS ON ACCOUNTING AND FINANCIAL DISCLOSURE](#Link_017) | 76 |
| [ITEM 15. FINANCIAL STATEMENTS AND EXHIBITS](#Link_018) | 76 |
| [EXHIBIT INDEX](#Link_019) | 77 |

---

i

**Implications of Being an Emerging Growth Company**

As a company with less than $1.235 billion in revenues during our last fiscal year, we qualify as an emerging growth company as defined in the Jumpstart Our Business Startups Act, or the JOBS Act, enacted in 2012. As an emerging growth company, we expect to take advantage of reduced reporting requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

● being permitted to present only two years of audited financial statements, in addition to any required unaudited interim financial statements, with correspondingly reduced "Management's Discussion and Analysis of Financial Condition and Results of Operations" disclosure in this registration statement;

● not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, as amended;

● reduced disclosure obligations regarding executive compensation in our periodic reports, proxy statements and registration statements; and

● exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

We may continue to use these provisions until the last day of our fiscal year following the fifth anniversary of the completion of this offering. However, if certain events occur prior to the end of such five-year period, including if we become a "large, accelerated filer," our annual gross revenues exceed $1.235 billion or we issue more than $1.235 billion of non-convertible debt in any three-year period, we will cease to be an emerging growth company prior to the end of such five-year period.

As an emerging growth company, we intend to take advantage of an extended transition period for complying with new or revised accounting standards as permitted by The JOBS Act.

To the extent that we continue to qualify as a "smaller reporting company," as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended, after we cease to qualify as an emerging growth company, certain of the exemptions available to us as an emerging growth company may continue to be available to us as a smaller reporting company, including: (i) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes Oxley Act; (ii) scaled executive compensation disclosures; and (iii) the requirement to provide only two years of audited financial statements, instead of three years.

You should rely only on the information contained in this registration statement on Form 10 or to which we have referred you. We have not authorized anyone to provide you with information that is different. You should assume that the information contained herein is accurate as of the date of this registration statement on Form 10 only.

This registration statement will become effective automatically 60 days from the date of the original filing (the "**Effective Date**"), pursuant to Section 12(g)(1) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"). As of the Effective Date, we will become subject to the reporting requirements of Section 13(a) under the Exchange Act and will be required to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and we will be required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act.

**Use of Names**

In this registration statement, unless the context otherwise requires, the terms "**we**," "**us**," "**our**," "**Company**" or "**The Sustainable Green Team**" refer to The Sustainable Green Team, Ltd. together with its wholly owned subsidiaries.

**Currency**

Unless otherwise indicated, all references to "$" or "US$" in this registration statement refer to United States dollars.

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This registration statement contains forward-looking statements. Specifically, forward-looking statements may include statements relating to:

● Our future financial performance;

● Changes in the market for our products and services;

● Our expansion plans and opportunities; and

● Other statements preceded by, followed by or that include the words "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target" or similar expressions.

These forward-looking statements are based on information available as of the date of this registration statement and current expectations, forecasts, and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include:

● The level of demand for our products and services;

● Competition in our markets;

● Our ability to grow and manage growth profitably;

● Our ability to access additional capital;

● Changes in applicable laws or regulations;

● Our ability to attract and retain qualified personnel;

● The possibility that we may be adversely affected by other economic, business, and/or competitive factors; and

● Other risks and uncertainties indicated in this registration statement, including those under "Risk Factors."

**INDUSTRY AND MARKET DATA**

We are responsible for the disclosure in this registration statement. However, this registration statement includes industry data that we obtained from internal surveys, market research, publicly available information, and industry publications. The market research, publicly available information and industry publications that we use generally state that the information contained therein has been obtained from sources believed to be reliable. The information therein represents the most recently available data from the relevant sources and publications, and we believe remains reliable. We did not fund and are not otherwise affiliated with any of the sources cited in this registration statement. Forward-looking information obtained from these sources is subject to the same qualifications and additional uncertainties regarding the other forward-looking statements in this registration statement.

**TRADEMARKS AND COPYRIGHTS**

We own or have rights to trademarks or trade names that we use in connection with the operation of our business, including our corporate names, logos and website names. In addition, we own or have the rights to copyrights, trade secrets and other proprietary rights that protect the content of our products and the formulations for such products. This registration statement may also contain trademarks, service marks and trade names of other companies, which are the property of their respective owners. Our use or display of third parties' trademarks, service marks, trade names or products in this registration statement is not intended to, and should not be read to, imply a relationship with or endorsement or sponsorship of us. Solely for convenience, some of the copyrights, trade names and trademarks referred to in this registration statement are listed without their©,® and™ symbols, but we will assert, to the fullest extent under applicable law, our rights to our copyrights, trade names and trademarks. All other trademarks are the property of their respective owners.

**Risk Factor Summary**

Investing in our securities involves risks. You should carefully consider the risks described in Item 1A—"Risk Factors" beginning on page 20 before deciding to invest in our securities. If any of these risks actually occurs, our business, financial condition and results of operations would likely be materially adversely affected. In such case, the trading price of our securities would likely decline, and you may lose all or part of your investment. Set forth below is a summary of some of the principal risks we face:

● Our industry and the markets in which we operate are highly competitive with low barriers to entry. Increased competitive pressures could reduce our share of the markets we serve and adversely affect our business, financial position, results of operations and cash flows;

● As a controlled company, we are not subject to all of the corporate governance rules of Nasdaq Capital Market; and

● If the voting power of our capital stock continues to be highly concentrated, it may prevent you and other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest;

● The COVID-19 pandemic has impacted and will likely continue to impact our business, financial condition, supply chain, results of operations and cash flows;

● Our business success depends on our ability to preserve long-term customer relationships and our growth projections may not be realized if we fail to attract more big box store business;

● Our growth projections assume efficiencies, cost savings and other benefits of our vertically integrated business model that might not be achieved;

● We may be adversely affected if customers reduce their outsourcing;

● Because we operate our business through dispersed locations across the United States, our operations may be materially adversely affected by inconsistent practices and the operating results of individual branches may vary;

● Future acquisitions or other strategic transactions could negatively impact our reputation, business, financial position, results of operations and cash flows;

● Seasonality affects the demand for our services and products and our results of operations and cash flows;

● Our operations are impacted by weather conditions, seasonality, and climate change;

● Increases in raw material costs, fuel prices, wages and other operating costs, and changes in our ability to source adequate supplies and materials in a timely manner, could adversely impact our business, financial position, results of operations and cash flows;

● We are a holding company and depend upon our subsidiaries for our cash flows;

● We may require additional funding for our operations and expansion plans, and we cannot assure you that we will be able to obtain any additional financing on terms that are acceptable to us, or at all;

● We may require additional funding for our growth plans, and such funding may result in a dilution of your investment;

● We currently are, and will continue to be after this offering, a "controlled company" within the meaning of the Nasdaq rules and the rules of the SEC and, as a result, qualify for exemptions from certain corporate governance requirements. You do not have the same protections afforded to stockholders of other companies that are subject to such requirements;

● If we are unable to accurately estimate the overall risks, requirements, or costs when we bid on or negotiate contracts that are ultimately awarded to us, we may achieve lower than anticipated profits or incur contract losses;

● Our success depends on our executive management and other key personnel;

● Our future success depends on our ability to attract, retain and maintain positive relations with trained workers;

● Our business could be adversely affected by a failure to properly verify the employment eligibility of our employees;

● Our use of subcontractors to perform work under certain customer contracts exposes us to liability and financial risk;

● If we fail to comply with requirements imposed by applicable law or other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business;

● Adverse litigation judgments or settlements resulting from legal proceedings relating to our business operations could materially adversely affect our business, financial position results of operations, and cash flows;

● Some of the equipment that our employees use is dangerous, and an increase in accidents resulting from the use of such equipment could negatively affect our reputation, results of operations and financial position;

● Any failure, inadequacy, interruption, security failure or breach of our information technology systems, whether owned by us or outsourced or managed by third parties, could harm our ability to effectively operate our business and could have a material adverse effect on our business, financial position, results of operations and cash flows;

● Our substantial indebtedness could have important adverse consequences and adversely affect our financial condition, including the potential for cross-defaults;

● We may be unable to generate sufficient cash flow to satisfy our significant debt service obligations, which could have a material adverse effect on our business, financial condition, and results of operations;

● Despite our current level of indebtedness, we, our subsidiaries and our acquisitions plans may cause us to incur substantially more debt, contractual obligations, and general and commercial liabilities. This could further exacerbate the risks to our financial condition described above; and

● Once our common stock and warrants (forming part of the units offered hereby) are listed on Nasdaq Capital Market, there can be no assurance that we will be able to comply with Nasdaq Capital Market's continued listing standards.

**ITEM 1. BUSINESS**

***Background***

Our common stock is traded in the United States on the OTCQX tier of the OTC Market Group Inc. (the "OTCQX") under the symbol "SGTM."

We are a provider of arbor care, tree trimming, and storm debris clean-up and disposal services, primarily in the southeastern United States with nationwide capabilities and a manufacturer of mulch, lumber and soil products in the midwest and southeast regions of the United States and the Ohio Valley. Our products are distributed through our national distribution channels. We are also installing equipment for producing soil products which we expect to start selling in 2023.

***Corporate History***

The Sustainable Green Team, Ltd., (f/k/a Sierra Gold Corp.)"", a Delaware corporation (the "Company"), conducts business activities principally through its two wholly-owned subsidiaries: National Storm Recovery LLC ("NSR LLC"), a Delaware limited liability company and Mulch Manufacturing, Inc., an Ohio corporation ("MM")"".

The Company was initially formed, under the name Alpha Diamond Corporation in the State of Nevada on January 22, 1997. It's undergone multiple name changes over the years and a domicile change to Wyoming on February 15, 2011.

Effective April 18, 2019, Sierra Gold Corp., ("SGCP"), entered into an equity exchange agreement (the "Merger"), as amended on December 31, 2019 with NSR LLC, pursuant to which SGCP acquired all of the membership units of NSR LLC. Upon closing, NSR LLC became a wholly-owned subsidiary of SGCP.

On July 22, 2019, a Certificate of Amendment was filed with the State of Wyoming to change the name of the Company from "Sierra Gold Corporation" to "National Storm Recovery, Inc." and to effect a 1 for 10,000 reverse stock split. At September 11, 2019, the Company's trading symbol changed from "SGCP" to "NSRI".

The stock split decreased the issued and outstanding shares of its common stock from 3,406,865,285 to 602,636 (after rounding up to a 100 share minimum) before SGCP issued 40,000,000 shares of its common stock to the members of NSR LLC as consideration for the equity interests exchange. As a result of the Merger, NSR LLC members acquired 99% of SGCP's issued and outstanding shares of common stock and SGCP changed its principal focus to providing tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales.

The Merger was treated as a reverse recapitalization effected by an equity exchange for financial and reporting purposes since SGCP was deemed to be a shell corporation with nominal operations and no assets at the time of the merger. NSR LLC is considered the acquirer for accounting purposes, and SGCP's historical financial statements before the Merger have been replaced with the historical financial statements of NSR LLC before the Merger in future filings.

On December 31, 2019 the Company entered into a restructuring as a holding company pursuant to Delaware General Corporation Law ("DGCL") §251(g) known as "the Delaware Holding Company Statute." In order to effect this restructuring, NSRI and NSR LLC each changed domiciles to the State of Delaware. Immediately thereafter, NSRI incorporated SGTM as its wholly-owned subsidiary and SGTM formed Sierra Gold Merger Corp., a Delaware corporation ("SGMC") as its wholly-owned subsidiary. Similarly, NSR LLC issued SGTM, 1,000 limited liability company Common Membership Units. Each of the four parties next executed an Agreement and Plan of Merger (the "Merger Agreement") as well as a Certificate of Merger which was filed with the Delaware Secretary of State on December 31, 2019 (collectively, the "Reorganization"). Pursuant to the terms of the Reorganization, NSRI merged down into SGMC with SGMC surviving as the successor to the reorganization, with all of the assets and liabilities of NSRI merging into SGMC and the separate existence of NSRI ceasing. The shares of SGTM and Membership Interests of NSR LLC, held by NSRI were canceled in the reorganization as part of the restructuring and the shares of NSRI became exchangeable for shares of SGTM on a one for one basis making SGTM the parent to both SGMC and NSR LLC as well as making SGTM the publicly-traded successor to NSRI. After obtaining FINRA approval on July 21, 2020, the Company changed its trading symbol to SGTM.

Effective January 31, 2020, the Company entered into a Business Combination Agreement (the "Mulch Acquisition") pursuant to which MM became our wholly-owned subsidiary. Under the Mulch Acquisition, all issued and outstanding common stock in MM were converted into an aggregate of 40,000,000 shares of the Company's common stock.

The Company closed on the acquisition of 100% of the membership interests in Day Dreamer Productions LLC ("DDP") on December 30, 2021. DDP is in the business of producing informational and promotional videography.

On August 9, 2022, the Company entered into a restricted sublicense agreement (collectively with the VRM Sublicense Amendment defined below, the "VRM Sublicense") with a soil technology company, VRM Global Holdings Pty Ltd, and its wholly owned subsidiary VRM International PTY LTD (referred to herein together as the "Licensor"). The VRM Sublicense was amended on October 12, 2022 (the "VRM Sublicense Amendment"), to expand collaboration between the Company and Licensor and add the Licensor's wholly-owned subsidiary VRM Biologik Inc. (the "VRM Biologik"), among other things.

Pursuant to the VRM Sublicense, the Licensor granted the Company a restricted sub-license, pursuant to which the Licensor will allow the Company to use certain rights and entitlements and provide the Company with certain catalyst ingredients which will allow the Company to manufacture Humisoil® and XLR8® Bio (the "VRM Products"). These products are made using wood materials provided by the Company and the Licensor's technology and catalyst ingredients to be acquired by the Company from the Licensor or produced by the Company pursuant to the VRM Sublicense. In addition, the VRM Sublicense grants the Company the non-exclusive right to distribute the VRM Products throughout the U.S., the exclusive right to market and distribute these products in packaging of less than one cubic yard in addition to the right to exclusively manufacture the Licensor's catalyst ingredients in Florida, Washington State and the Caribbean (the "Exclusive Territory").

The Company agreed to sell to Licensor the VRM Products manufactured by the Company in amounts determined in the sole discretion of the Company at an agreed-on price. In addition, Licensor has agreed to assign to the Company rights held by the Licensor to repurchase the VRM Products manufactured by others within the Exclusive Territory and an option to acquire such rights outside such territory.

In addition, pursuant to the VRM Sublicense Amendment, the Company acquired from Licensor 10% of VRM Biologik, certain catalyst ingredients for future delivery to be used in the Company's production of Humisoil®, XLR8® Bio and other products, co-location of Licensor's production facilities with the Company's facilities in Florida and the state of Washington and development of an agreed plan to complete licensed manufacture of soil amendment catalysts in other strategic locations across the U.S. The catalyst ingredients to be acquired by the Company from the Licensor are expected to be sufficient to produce a minimum of 4,000,000 cubic yards of Humisoil® and its companion products that, along with other inputs, is expected to yield over $950,000,000 in revenue as provided for the VRM Sublicense Amendment.

The Term of the VRM Sublicense is for a period of ten years with the option to renew it for a five-year period. In consideration of the grant of the VRM Sublicense, the Company initially issued to the Licensor, 500,000 shares of the Company's common stock upon execution of the VRM Sublicense and an additional 6,000,000 shares upon execution of the VRM Sublicense Amendment. Additionally, the Company agreed to pay the Licensor an aggregate of $1,000,000 in cash in two installments, with the first installment of $500,000 payable within 10 days of the Company's completing an initial public offering of its common stock (the "IPO") and the second payment due on the one year anniversary of the date of the IPO. In addition, pursuant to the VRM Sublicense Amendment, the Company agreed to issue the Licensor 6,000,000 shares of the Company's common stock and pay an aggregate of $7,200,000 payable in tranches of $3,600,000 by December 31, 2022 and two payments of $1,800,000 on each of May 31, 2023 and October 31, 2023. In addition, the Company will be obligated to pay the Licensor its then market rates for all inputs utilized during the term of the VRM Sublicense.

The Company, Day Dreamer Productions, LLC ("DDP") and ACCEL Media International LLC, FMW Media Works LLC (collectively, "ACCEL") entered into a Corporate Communications Services Agreement dated as of October 4, 2022 (the "ACCEL Agreement"). Pursuant to the terms of the ACCEL Agreement, ACCEL agreed to provide the Company with a variety of television, production, promotional media, media analysis, and media procurement to assist the Company in generating positive media awareness about its business. The term of the ACCEL Agreement is for a period of five years. The promotional media services provided by ACCEL will have a market value of no less than $30,700,000. In addition, the ACCEL Agreement requires ACCEL to exclusively rely on and use DDP to offer, create and distribute any custom 30 minute or longer program for all ACCEL in-house video production and marketing content that is tendered to ACCEL customers.

In consideration for the services to be provided by ACCEL, the Company issued to ACCEL 3,500,000 shares of unregistered Common Stock, an option to acquire 5,000,000 shares of unregistered Common Stock at an exercise price of $2.00 per share (the "ACCEL Stock Option") and a warrant to purchase up to 2,000,000 shares of Common Stock at an exercise price of $1.00 per share (the "ACCEL Warrant"). The ACCEL Option expires three years after the date of issuance and the ACCEL Warrant expires 90 days after the date of issuance. In the event the ACCEL Warrant is exercised in whole or in part, then upon each exercise thereof, if any, the Company agreed to issue to ACCEL a three year option to acquire a number of shares of Common Stock equal to the number of shares of Common Stock acquired by ACCEL upon exercise of the ACCEL Warrant, at an option exercise price of $2.00 per share. The exercise price of the ACCEL Stock Options and the ACCEL Warrants is subject to proportional adjustment in the event of stock splits, stock dividends and similar corporate events.

ACCEL agreed that it will not, directly or indirectly, for a period of one year after October 4, 2022, lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future of), directly or indirectly, any of the shares of Common Stock issued to ACCEL pursuant to the ACCEL Agreement, the ACCEL Stock Option or the ACCEL Warrant.

The ACCEL Agreement, ACCEL Stock Option and ACCEL Warrant also contains additional customary covenants, representations and warranties.

The address of our principal place of business is 24200 CR-561, Astatula, FL 34705.

**DESCRIPTION OF THE BUSINESS**

**Overview**

The Sustainable Green Team is a provider of environmentally conscious solutions in the arbor care, disposal, and recycling industries. The Company is a collector of tree debris ("feedstock"), throughout the southeast region of the United States. The Company beneficially-reuses feedstock to manufacture wood-based mulch and lumber products that are sold nationwide. The Company has a division that manufactures and sells proprietary mulch colorants and coloring equipment. The Company is also installing equipment for producing soil products and expects to start selling these products in 2023.

Historically, the harvest and processing of wood has resulted in timber waste and feedstock being sent to landfills and disposal sites, essentially collecting and disposing of useful products. The Sustainable Green Team's mission is to address this traditional "collect-and-dispose" wasteful model, partly by partnering with a large waste management company, thereby turning feedstock that would otherwise be thrown away into reusable products such as mulch and soil.

The Sustainable Green Team operates as a holding company with two operating subsidiaries:

● *<u>National Storm Recovery, LLC</u>* ("NSR"), a Delaware LLC, operating as "Central Florida Arborcare", provides arbor care, tree trimming, and storm debris clean-up and disposal services, primarily in the southeastern United States with nationwide capabilities; and

● *<u>Mulch Manufacturing, Inc.</u>* ("MMI"), an Ohio corporation, manufactures mulch, lumber and soil products in the United States midwest and southeast regions, and the Ohio Valley. MMI has nationwide distribution channels.

As illustrated below, the Company's vertically integrated business begins with the collection of feedstock through NSR. Feedstock is then beneficially-reused by MMI, for recycling and manufacturing of lumber and organic mulch. We package our products and sell them to retailers, wholesalers, landscapers, and garden centers nationwide. The diagram also includes soil products that we expect to begin manufacturing and selling in 2023.

The Company also currently holds all of the issued and outstanding capital stock of a non-operating direct subsidiary, Sierra Gold Merger Corp., a Delaware corporation, which was formed for the sole purpose of facilitating the restructuring of the Company as a holding company pursuant to Delaware General Corporation Law ("DGCL") §251(g) known as "the Delaware Holding Company Statute." In addition, the Company indirectly holds through MMI all of the issued and outstanding capital stock of a non-operating subsidiary, Rose Transport Inc., an Ohio Corporation, which was utilized for transporting feedstock and packaged mulch between locations owned and operated by MMI.

![](form10-12g_001.jpg)

We process feedstock through several processing facilities we own that are strategically located in the southeast region of the United States. The Company owns sawmills in Homerville, Georgia; Jasper, Florida; and Beaver, Washington. The Homerville sawmill produces cypress bark for our mulch product lines, as well as marketable lumber. We closed on the acquisitions of the Jasper and Beaver sawmills in December 2021. We currently purchase our pine bark from other sawmills in addition to pine bark produced at the Jasper mill that commenced limited production of lumber and mulch in October, 2022. We expect to ramp up both lumber and mulch production at the Jasper mill in the first quarter of 2023. The estimated costs to complete the ramp up in production at the Jasper mill is included in our disclosure regarding anticipated capital expenditures. See "Management's Discussion & Analysis of Financial Condition and Results of Operations - Material Cash Requirements" and "Risk Factors - We will require additional funding for our growth plans, and such funding may result in a dilution of your investment."

The MMI division also creates proprietary mulch dyes, colorants, and mulch processing equipment. We manufacture a range of mulch products with different textures and colors for specific landscape needs using our coloring technology. For example, MMI's capabilities were instrumental in developing our innovative line of colored mulches that we market under our Nature's Reflections™ brand, including our patented Softscape® products. The Company also sells our colorants and Cheetah brand coloring equipment that we manufacture to other companies that produce landscaping materials.

**Industry Overview**

The Sustainable Green Team's vertically integrated business segments operate in five interrelated industries: (1) tree care and removal services, (2) mulch products, (3) lumber, (4) manufactured soils, and (5) colorants and coloring equipment.

*Tree Care and Removal Industry*

Over the last five years, favorable macroeconomic trends, higher levels of construction activity and extreme weather conditions have increased demand for tree care and green waste removal. Housing starts have been growing at historic rates driving demand for these services. Residential construction is forecasted to increase at least through 2028. Extreme weather events across the United States have led to high demand for tree care and green waste removal. Restoration following extreme weather events also creates demand for products like lumber and mulches.

The market for tree trimming services in the United States has grown at a compound annual growth rate (CAGR) of 9.1% for the past five years, which is faster than the overall U.S. economy. The U.S. tree trimming service market is expected to generate $29 billion in revenue in 2022, according to research published by IBIS World in January 2022.

*Mulch Industry*

Over the past decade, demand has been increasing for pine needle, pine bark, hardwood, and cypress mulches world-wide. Many landscape venues, across publicly and privately owned land, such as gardens, parks, schools, and resorts, are converting to mulching materials, manufactured soils, and improved environmental practices to achieve cost savings. Manufactured products can be used as environmentally safe substitutes for traditional ground covers, such as grass and other plants, that require costly and wasteful watering. Traditional ground covers also require fertilizers and pest control products that are expensive and often harmful to the environment. There is also a trend towards environmentally friendly mulch products among homeowners and other retail customers.

According to statistics gathered by AmeriMulch, the color-enhanced landscape mulch market grew to 55 million cubic yards in 2015, from just 5 million yards in 2005. According to AmeriMulch, some 1,070 global mulch producers produced over 53 million yards of mulch in 2019. Further, according to HomeAdvisor.com, the national average cost of a cubic yard of mulch is roughly $30, suggesting the 2019 U.S. retail mulch market was roughly $1.6 billion. Looking forward, Grandview Research, Inc. forecasts the North American Lawn & Gardening Consumables Market, which includes mulch, to grow to $25.94 billion in 2027, from $20.13 billion in 2020. This represents a 3.6% CAGR. Extrapolating the 3.6% CAGR to the North American Mulch market suggests that market could grow to approximately $2.1 billion in 2027.

*Lumber Industry*

The historic demand for lumber was triggered by a perfect storm of factors set off during the pandemic. When COVID-19 broke out in spring 2020, sawmills cut production and unloaded inventory in fears of a looming housing crash. The crash did not happen—instead, the opposite occurred. Americans rushed to home improvement stores to buy materials for do-it-yourself projects. Favorable interest rates facilitated a housing boom. That boom, which was intensified by a large number of millennials starting to hit their peak home buying years, dried up housing inventory. This sent buyers in search of new construction. Home improvements and construction require significant amounts of lumber, exceeding the supply available from sawmills. The market for wholesale lumber in the United States is predicted to generate $131.6 billion in revenue in 2022, according to research published by IBIS World in August 2021. Between 2017 and 2022, the market grew by at CAGR of 6.2%.

*Manufactured Soil Industry*

Manufactured soil refers to a composition of different soils, soil components and other like materials used for various purposes in horticulture, gardening, and other applications such as site restoration. The primary purpose of manufactured soil is to modify and, in most cases, enhance the properties of soil to meet specific needs. The market continues to gain momentum with increasing development and innovations driven by increased demand for organic gardening, a growing market for horticulture, a growth in lawn and garden consumables, and government support and initiatives. The market for the soil treatment market in the United States is predicted to generate $58 billion in revenue in 2028, according to research published by Zion Market Research in August 2021. Between 2021 and 2028, the market is expected to grow by at CAGR of 5.7%.

*Colorants Industry*

Color treated mulch is appealing to homeowners that want to customize their landscaping and gardens. The demand for mulch treatment materials, including color tint and preservatives, has grown steadily. Therefore, we believe mulch manufacturers with the ability to treat and color process lower grades of wood could have a significant competitive advantage. The colorants market was valued at $34.7 Billion in 2021 and is projected to reach $98.3 Billion by 2030, according to research published by Precedence Research in July 2022. Between 2021 and 2030, the market is expected to grow by at CAGR of 12.27%.

**Our Products and Services**

Our tree services and storm recovery services collect some of the feedstock that we use to manufacture our products. The feedstock is processed at the recovery sites and the sawmills that we own to produce marketable lumber and the materials for our innovative mulch products. Our products include a variety of attractive, next-generation mulches that we sell to distributors, big box stores and other retailers for use by landscapers, installers, and other consumers. The vast majority of our revenues are derived from our manufacturing and sales of mulch and we expect that to continue for the near future. We also wholesale manufactured soil products manufactured by other companies and expect to begin manufacturing our own soil products in 2023.

*Tree Care and Removal Services*

Our subsidiary NSR, operating as "Central Florida Arborcare", provides tree maintenance, disaster recovery, debris removal, and disposal services to residential, commercial, and government customers. The Company's customers include all levels of government, from federal disaster recovery projects to county schools. We have multi-year contracts with hundreds of municipal properties in Florida. We are paid by other companies in the disaster recovery, tree care and waste management industries to haul away and dispose of tree wood and debris.

In addition to the revenue generated by the services NSR provides, the feedstock we collect is valuable to our manufacturing operations. It provides us with the primary raw material that our other lines of business use to produce mulch, lumber and soil products.

*Mulch Products*

In January 2020, the Company acquired Mulch Manufacturing, Inc., a company with decades of experience in manufacturing mulch products. Through the MMI acquisition, we were able to diversify our product lines. We now manufacture a wide variety of mulch products, including cypress and pine mulches, in an array of colors for many different applications. For example, our playground chips are used by schools, parks, and other play areas. They are manufactured in several colors and they are certified to be safe by the International Play Equipment Manufacturer's Association (IPEMA).

We sell our mulch products to wholesalers, retailers (including garden centers, nurseries, hardware stores, supermarkets and convenience stores), and direct to customers in the landscaping industry.

*Lumber Products*

The feedstock we collect is processed into lumber at the sawmill we own in Homerville, Georgia. We sell this cypress lumber wholesale to log home builders, specialty lumberyard outlets and backyard fence installers and direct to retail customers looking for durable and aesthetically pleasing building material resistant to rot and insects.

In December 2021, we closed on the acquisitions of sawmills in Jasper, Florida and Beaver, Washington. We began limited production of pine bark and marketable lumber at the Jasper mill in the third quarter of 2022, with the Beaver mill expected to come online in 2024.

*Manufactured Soil Products*

We currently resell manufactured soil products produced by third parties. We sell these products wholesale to big box retailers and to retail customers in the landscaping industry.

In 2021, the Company purchased an automated soil blending system and production line which is being installed at our Jacksonville, Florida facility. This equipment allows us to blend and produce our own manufactured soil products and is expected to be fully operational by 2023. We will offer several proprietary blends of manufactured soil products to our customers. We expect to have the same channels of distribution for the soils we will be manufacturing that we have for our current reselling.

*Colorants Products and Machinery*

The Company manufactures colorants to dye its cypress and pine mulches. Customers can choose from a wide range of appealing colors for their landscaping needs. We also sell colorants for use by other third party manufacturers of landscape materials.

Our colorants products and machinery are highly regarded for their exceptional quality, competitive pricing, and efficiency.

We are actively pursuing locally sourcing raw materials for colorants. By locally sourcing, we mitigate the environmental impact of our operations and eliminate shipping expenses and tariffs associated with importing materials from China.

**Our Vision and Competitive Advantages**

Our wholesale customers work with us due to our ability to provide a broad array of products for landscaping needs. Our products include over two dozen varieties of mulches in different textures and colors, and various soils for different uses such as potting, garden and blends that enhances the organic matter at the applied location. We operate with a high level of expertise, with a combined senior management team possessing over 350 years of professional experience, and a focus on customer retention through responsiveness and reliability. We have grown our workforce and now have over 200 employees in season.

We view ourselves as a "one-stop-shop" solutions provider for superior quality mulch products. This ability to provide more than one style of mulch product is in direct response to the landscape industry tastes and preferences to have various wood fiber sources, such as pine or cypress, color, texture, and an environmentally friendly product line. We devote substantial resources to research and development, having developed proprietary products in the mulch, colorant and colorant machine manufacturing segments of our business.

We believe our vertically integrated business model sets us apart from our competitors because we provide the services and facilities necessary to collect our own feedstock. We have expanded our operations and we now collect feedstock in three regions and sell our products in 33 states. We have established relationships with four big box retail customers — Lowe's Home Improvement, Menard's, 7-Eleven, and Circle-K — and more than 400 other customers.

We have consistently expanded our product lines in innovative ways. We hold over 20 trademarks and a patent on our innovative Nature's Reflections™ Softscape®.

We have also focused on cost containment and entered into direct rail contracts with CSX and Norfolk Southern to transport our manufactured products.

*Vertical Integration*

We believe that our vertically integrated, environmentally friendly business model provides us with substantial competitive advantages in the industries in which we operate. These competitive advantages of our business model include:

● lower disposal costs as an arborist and storm recovery service provider because we do not pay landfills to accept our feedstock as waste;

● lower manufacturing costs for mulch, lumber and manufactured soil products due to plentiful multi-channel sources for our feedstock;

● cost advantages due to geographic proximity of our feedstock collection and end-use consumers;

● cost advantages through our long-term direct (not brokered) rail transport and trucking contracts, improving our efficiency and logistics; and

● improved quality controls that position the products to compete effectively in the wholesale and retail markets.

*Environmentally Friendly*

The Company's ethos is rooted in environmental sustainability. We begin with the collection of tree debris from our tree services and lumber divisions which would otherwise end up in landfill sites. The feedstock collected is then moved through the processing division for recycling and manufacturing into lumber and attractive, next-generation mulches that we sell to wholesalers, retailers, landscapers, installers, and garden centers.

*Our Executive Leadership Team*

Anthony Raynor is the founder and CEO of The Sustainable Green Team. His vision is supported by a strong operational team, especially after the acquisition of MMI in 2020. Mr. Raynor has a focused business strategy to identify areas to manage costs and enhance quality, to build out supply chain security through targeted acquisitions and to empower his leadership team to identify areas of improvement for the Company. We believe these efforts are a driving factor of our success.

*Recent Expansion and Growth*

The Company plans to expand its operations through a combination of organic growth, strategic acquisition, and through its partnership with a leading waste disposal company. We believe executing on our strategy will result in rapid growth and geographic expansion.

Since inception, we have actively grown and vertically integrated by acquiring additional companies and assets. We have completed the acquisition of multiple companies since our formation. In January 2020, we acquired Mulch Manufacturing, Inc. We announced the strategic acquisition of a marketing firm, Day Dreamer Productions, LLC, in December 2021. The Founder, Victor Spangler, became our Chief Marketing Officer (CMO) and continues to serve as President of Day Dreamer Productions, LLC. This acquisition enhances our previous in-house marketing resources. In December 2021, we acquired sawmills in Jasper, Florida and Beaver, Washington. The addition of these mills will increase our sawing capacity to over 100 million board feet of lumber annually and significantly expand our mulch manufacturing.

In December 2021, the Company renewed a July 2019 agreement with Waste Management, Inc. through July 2025. Waste Management is a one of the largest disposal waste companies that own landfills throughout the United States. The renewal allows the Company to continue using two of Waste Management's sites, one in Apopka, Florida and the other in Winter Garden, Florida, where we store, grind, screen, color, and bag top quality mulches for distribution. The agreement provides us with the vegetated waste that Waste Management collects at these sites, including feedstock. We also use the Waste Management sites for feedstock storage for National Storm Recovery. We believe that the renewal helps the Company execute its business strategy because it provides us with significant efficiencies, such as pre-approved zoning, lower operational costs, access to a substantial amount of additional raw materials, and a faster production cycle. Our continued relationship is desirable for Waste Management because feedstock would take many years to decompose in a landfill and we can supply them with finely processed biomass that is beneficial to their landfill operations.

We have also diversified our distribution channels for our products. We have grown our distribution, which now include many retail stores, including Lowe's Home Improvement, Menard's, 7-Eleven, Circle-K, ACE Hardware and other retail chains.

We have been communicating with a myriad of companies in the mulch, waste management, and tree trimming industries to expand operations through additional strategic acquisitions. Several of these discussions have progressed to non-binding letters of intent to acquire companies or their assets.

On August 9, 2022, the Company entered into the VRM Sublicense and an amendment to that agreement on October 12, 2022 which will enable the Company to produce a soil amendment product, HumiSoil® and XLR8® Bio. See Item 1. Business - Corporate History and Item 1. Business - Description of the Business - Diverse Products Offerings.

On October 4, 2022, the Company entered into the Corporate Communications Services Agreement with ACCEL to procure a variety of television, production, promotional media, media analysis, and media procurement to assist the Company in generating positive media awareness about its business and to expand DDP's video production and marketing business to ACCEL customers. See Item 1. Business - Corporate History.

*Management's Strategy Future Expansion and Growth*

Our core growth strategy includes:

<u>Building Upon Strong Customer and Supplier Relationships to Expand Organically</u>

Our national footprint and broad supplier relationships, combined with our regular interaction with a large and diverse base of over 450 customers, make us an important link in the supply chain for landscape products. Our suppliers benefit from us being a single point of contact for improved production planning and efficiency, and our ability to bring new product launches quickly to market on a national scale. We intend to continue to increase our size and scale in customer, geographic and product reach, which we believe will continue to benefit our supplier base. Our customers in turn benefit from our local market leadership, talented associates, high quality products, broad product offering and high inventory availability, timely delivery and complementary value-added services. We will continue to work with new and existing suppliers to maintain the most comprehensive, high quality product lines for our customers at competitive prices and enhance our role as a critical player in the supply chain. As we continue to grow, we believe our strong customer and supplier relationships will enable us to expand our market share in the landscape supplies industry.

<u>Growing at the Local Level</u>

The vast majority of our customers operate at a local level. We believe we can grow market share in our existing markets with limited capital investment by systematically executing local strategies to expand our customer base, increase the amount of our customers' total spending with us, optimize our network of locations, coordinate multi-site deliveries, partner with strategic local suppliers, introduce new products and services, increase our share of underrepresented products in particular markets and improve sales force performance. We currently offer our full product line in only 24% of the United States.

<u>Pursuing Value-Enhancing Strategic Acquisitions</u>

Through recently completed strategic acquisitions, including the addition of sawmills in 2021 located in Jasper, Florida and Beaver, Washington, we have added new markets, new product lines, talented associates and operational best practices. In addition, we increased our sales by introducing products from our existing portfolio to customers of newly acquired companies. We intend to continue pursuing strategic acquisitions to grow our market share and enhance our local market leadership positions by taking advantage of our scale, operational experience and acquisition know-how to pursue and integrate attractive targets. We believe we have significant opportunities to add product categories in our existing markets through acquisitions. In addition, we are reviewing attractive new geographic markets for expansion through acquisitions. We will continue to apply a selective and disciplined acquisition strategy to maximize synergies obtained from enhanced sales and lower procurement and corporate costs.

<u>Executing on Identified Operational Initiatives</u>

We have undertaken significant operational initiatives, utilizing our scale to improve our profitability, enhance supply chain efficiency, strengthen our pricing and category management capabilities, streamline and refine our marketing process and invest in more sophisticated information technology systems and data analytics. In addition, we work closely with our local area team leaders to improve sales, delivery and branch productivity. Although we are still in the early stages of these initiatives, they have already contributed to improvement in our profitability, and we believe we will continue to benefit from these and other operational improvements.

<u>Continuing to Value and Reward Our Employees</u>

We believe our associates are the key drivers of our success, and we aim to recruit, train, promote and retain the most talented and success-driven personnel in the industry. Our size and scale enable us to offer structured training and career path opportunities for our associates, while at the area and branch level we have built a vibrant and entrepreneurial culture that rewards performance. We promote ongoing, open and honest communication with our associates to ensure mutual trust, engagement and performance improvement. We believe that high-performing local leaders coupled with creative, adaptable and engaged associates are critical to our success and to maintaining our competitive position, and we are committed to being the employer of choice in our industry

<u>Relationships with Additional Suppliers of Feedstock</u>

We competitively source our feedstock effectively in a fragmented tree care industry, primarily from small businesses, because we provide arbor care and landscape contractor businesses opportunities to unload and profit from feedstock that they would consider to be waste. We believe we are the largest customer for many arborists across the southeastern region of the United States. Sourcing feedstock competitively and broadly allows us to keep the cost of our products highly competitive.

Our strategic relationship with Waste Management, Inc. has provided us with millions of dollars in cost savings and also saved us years of time it would have taken for acquiring permits and developing the valuable relationships they have developed.

*<u>Customer Relationships</u>*

The Company's customers include governmental, residential, and commercial customers. The Company has a diversified customer base consisting of more than 450 customers as of October 1, 2022. Our top 10 customers accounted for approximately 44% of our product sales for the nine months ended October 1, 2022, with the largest five customers at 21%, 5%, 3%, 3% and 3%, respectively, of our product sales for the nine months ended October 1, 2022 and the other five customers each 2% or less of our product sales for the nine months ended October 1, 2022. Therefore, our sales are not concentrated in any single or a few customers. Our typical customer is a large, national retail chain that sells landscaping products.

*<u>Diverse Products Offerings</u>*

We have a wide array of mulch product offerings making our products competitive for many different purposes. In the mulch and manufactured soil industries, we introduced new mulch products in 2021, including our patent-protected Nature's Reflection™ Softscape®. Our Softscape® mulch is more uniform in shape and lighter in weight than traditional mulches, allowing water and air to penetrate soil and reach plant roots, while also inhibiting weed growth at the surface. We are continually working on new products and lines of business, including ways to diversify our coloring and pigment products.

Our current line of products include:

● *Cypress Rose*: This is our flagship product and our most popular mulch sold, a premium 100% cypress mulch.

● *Nature's Reflections™ Softscape®:* Nature's Reflections patented Softscape® mulch has an impressive 4-year color retention. It has the look of pine straw but will not blow or wash away. Softscape is lightweight, covering 50% more area and allowing for water penetration of soil which keeps plants healthy but also inhibits weed growth.

● *Cypress Fargo*: This is also made from 100% cypress. This product is carefully debarked from red pond cypress logs.

● *All Bark Cypress Royal*: A premium product in the mulch industry which is made only from the bark of the Cypress log.

● *Natural Pine Straw*: Southern pine straw (needles) have been a staple southern mulch, used for years by homeowners and landscapers.

● *All Bark Cedar*: Super Grade "A" mulch made from 100% cedar trees which is carefully shredded to a very soft texture.

● *Color Enhanced Hardwood*: This mulch is made from hardwood fiber products. Natures Reflections™ colorant gives the mulch a vibrant color.

● *Path 'N Play Chips*: These chips are used primarily for playgrounds and schools. They are made from 100% Virgin Forest products with no foreign materials or chemicals. They are certified to be safe for play areas by the International Play Equipment Manufacturer's Association (IPEMA)

● *Humisoil® & XLR8® BIO*: technology uses any vegetative green waste or compostable material, including wood material such as sawdust or chips or grindings from wood material, and applies a catalyst to stimulate natural reactions that manufactures and stores soil moisture. The 100% organic material is converted into HumiSoil®, a valuable soil amendment, reducing the need for fertilizers and chemicals while increasing production of agricultural products, including livestock grazing on pastureland *.* 

*<u>Private Label Mulch and Soil Products</u>*

Our ability to custom color and private label our mulch products is another source of flexibility valued by our industry and one that presents growth opportunities with large retail stores and other parties that are larger than ourselves. We expect to expand our private label product offerings in 2023 when we begin manufacturing our own soil products pursuant to the terms of the VRM Sublicense. See Item 1. Business - Corporate History).

*<u>Cheetah™ Coloring Systems</u>*

*<u>Long-Term Direct Transportation Contracts</u>*

The Company has directly negotiated with CSV and Norfolk Southern Railroads to haul high volume loads of our products for distribution across the United States. We believe that these contracts are more favorable than those of our principal competitors, which are typically negotiated through brokers. In fact, other companies in our industry have outsourced their shipping needs to us because of our relationships with rail companies and long-term contracts on favorable terms to the Company.

**Facilities**

*Corporate Headquarters, Warehouse and Retail Store in Astatula, Florida*

On December 1, 2020, the Company purchased a 100-acre parcel of property located in Lake County, Astatula, Florida. The mixed-use property includes 5,000 square feet of office space, which serves as our headquarters, a warehouse, and a retail store, providing us with ample room for expansion. The property is used for tree debris collection, mulch manufacturing, and soil composting. At the on-site retail store, we sell over 20 different varieties of mulch directly to consumers.

*Collection, Manufacturing and Bagging Site in Apopka, Florida*

Our Apopka, Florida facility recycles wood and serves as a home-base for our collection equipment in the Florida region. The facility also manufactures mulch and operates two bagging lines. It has on-site coloring capabilities to produce a variety of different mulch products.

*Storage and Mulch Manufacturing at Waste Management, Inc. Landfills in Apopka, Florida and Winter Garden, Florida*

In October 2021, the Company renewed a July 2019 agreement with Waste Management, Inc. through July 2025. This agreement allows the Company to use two of Waste Management, Inc.'s sites, one in Apopka, Florida and the other in Winter Garden, Florida. The Company uses these sites for tree removal and feedstock storage for NSR's disaster recovery services. The Company also obtained lease rights to permit it to manufacture and bag mulch on the properties. It further provides access to Waste Management Inc.'s feedstock that it collects. This is desirable for Waste Management, Inc. because feedstock takes many years to decompose in a landfill. We believe that this agreement helps the Company execute its business strategy because it provides us with significant efficiencies, such as pre-approved zoning, lower costs, access to additional raw materials, and a faster production cycle.

*Mulch Manufacturing Production and Storage Facility in Callahan, Florida*

Our Callahan plant has been in operation since 1989. At this plant we manufacture cypress, hardwood pine, Nature's Reflection™ Softscape® and colored mulch. The plant operates a bagging line for these products. This property includes 100 acres of storage.

*Colorant Manufacturing, Bagging Line Storage and R&D Facility in Jacksonville, Florida*

The 100,000 square feet Jacksonville site operates a manufacturing plant, our retail store and collection site. At the Jacksonville site the Company manufactures colorants and operates a bagging line. The retail sales provide customers with access to many of our products. The property is also our collection site for feedstock and operates as our R&D facility for colorants.

*Sawmills*

<u>Homerville, Georgia</u>. The Homerville Sawmill is a 50-acre property located in Homerville, Georgia, operating since 1981, that processes cypress lumber as well as residual products, including all bark mulches, playground chips and saw dust. The mill currently operates as the nation's only mill to exclusively saw cypress with a capacity to saw 6,500,000 board feet of cypress lumber annually and is being retrofitted with an optimized edger and optimized gang saw that will increase its capacity to 10,000,000 board feet. The mill currently produces lumber in a wide range of different lengths and widths for many different uses. The mill also has a drying capacity of 3,108,000 board feet annually. The mill also has milling capabilities and produces more than 2500 trucks of our mulch products annually. The mill is scheduled for additional upgrades throughout 2022, including a robotic stacker, automated palletizer and additional kiln capacity to increase overall efficiencies.

<u>Jasper, Florida</u>. In December 2021, we closed on an acquisition of a sawmill in Jasper, Florida. The Jasper Mill saws southern yellow pine lumber as well as residual products, including pine bark, pine chips, pine dust, and pine shavings. We expect that this mill, which has a 30 million board-feet maximum annual output, will initially operate at 10 million board-feet annually.

<u>Beaver, Washington</u>. In December 2021 and in March 2022, we closed on an acquisition of a sawmill including certain real estate in Beaver, Washington. The Beaver mill is approximately 100,000 square feet. It has over $8 million in existing infrastructure. It will be capable of producing 100 million board feet of lumber per year once retrofitted for our production. The Company has already engaged experts in mill optimization, design, and buildout for the retrofit of the mill. This acquisition will establish the Company's initial operations on the West Coast, increase the Company's lumber, mulch, woodchip and manufactured mulch production, enabling us to expand into new markets and supplement our product offerings. The mill is located in a federally-approved Economic Opportunity Zone and it is eligible for certain tax credits. Our ownership and operation of the mill is supported by the nearby municipal and state governments.

**Equipment**

The Company uses a variety of heavy equipment from boom cranes, pickup trucks, bucket trucks, grapple trucks, grinders, chippers, front-end loaders, excavators, log loaders, disc and trommel screens, de-barkers, forklifts, semi-trucks and trailers and skid steer loaders, automated bagging and palletizing/stretch wrap systems, sawmill, batch blending system, and coloring machines in its operations.

The majority of the equipment used by the Company (and its operating subsidiaries) is owned outright by the Company, but the Company does lease certain equipment. The leases for such equipment contain terms that are customary in the industries in which the Company and its subsidiaries operate in for such equipment.

**Seasonality and Weather Patterns**

Our services and products are subject to seasonal variability and weather patterns. Based on historical performance, we expect changes in key financial metrics as seasons change. Spring mulching, fall cleanup, and seasons more prone to extreme weather events can cause material fluctuations in revenue, manufacturing costs and cash flows throughout the year. Not all of our products and services are similarly correlated to weather events. For example, stormy weather may increase demand for some products and decrease demand for others. Accordingly, our diversified product line helps to mitigate the effects of the variability. Typically, our revenues and net income have been higher in the spring, which corresponds with our second fiscal quarters.

**Intellectual Property**

We, primarily through our subsidiaries, hold or have rights to use various service marks, trademarks and trade names we use in the operation of our businesses that we deem particularly important to each of our businesses. As of January 1, 2022, we had over twenty trademarks for bag labels.

Mulch Manufacturing, Inc. was assigned a patent on our latest product line, Softscape®, which is lighter in weight and has a more uniform appearance than other mulches. The patent was issued by the U.S. Patent and Trademark Office on March 8, 2011. The Softscape® patent covers the manufacturing process and the attributes making it lighter in weight and more uniform in appearance than other mulches. Although Softscape® is patent protected, we do not patent our formulas of the colorants we manufacture.

**Company Contracts**

In October 2021, the Company renewed a July 2019 agreement with Waste Management, Inc. through July, 2025. This agreement allows the Company to continue using two of Waste Management, Inc.'s sites, one in Apopka, Florida and the other in Winter Garden, Florida. The Company uses these sites for tree removal and feedstock storage for NSR's disaster recovery services. The Company also obtained lease rights to permit it to manufacture and bag mulch on the properties. It further provides access to Waste Management Inc.'s feedstock that it collects.

On August 14, 2019, the Company was awarded a three-year contract for emergency debris and tree removal services in Oakland, Florida. On December 6, 2022 the parties agreed to extend the term of this agreement for a period of two years.

On September 10, 2019, the Company was awarded, as the primary contractor, the tree trimming and removal services contract for the Orange County, Florida public school system. The agreement has a three-year term and covers 267 properties, including schools, administrative sites, technical colleges, and maintenance facilities.

On October 2, 2019, the Company signed an agreement to purchase certain equipment assets, including a dual line mulch bagging system, a mulch coloring system, a screening plant with regrind wood hog and a radial stacking conveyor. The equipment is expected to be installed at the Company's newly opened wood debris recycling facility, located within Waste Management Inc.'s Vista Landfill in Apopka, Florida.

On October 9, 2019, the Company took delivery of several new wood debris recycling equipment units to be used at its newly opened wood debris processing facility located within Waste Management Inc.'s Vista Landfill in Apopka, Florida. The equipment consists of a new horizontal grinder and new excavator with continuous rotating grapple supported by a new wheel loader.

In 2020, we entered into contracts to package Old Castle Law and Garden's mulch for distribution in the Midwest, which was later increased in September 2021 to 1.5 million bags of mulch. We expanded our relationship with Menard's, in which they agreed to a 25% location increase for our distribution. We entered into agreements to sell mulch to the Kroger Company; Circle K (which was expanded in November 2020. We also entered into contracts for disaster and storm recovery for Sulphur, Mississippi and Vero Beach, Florida.

In 2021, we renewed our contract to sell mulch to Lowe's Home Improvement, one of our largest customers, through 2023. The company expanded its relationship with Menard's which increased orders for our mulches by 50% for 2022. The company also entered into additional agreements to sell mulch to Circle K and Kroger.

In September 2021, the Company acquired a fully automated soil manufacturing and blending production system that is currently being installed in our Jacksonville, Florida facility. This equipment is expected to be operational in the fourth quarter of 2022.

In December 2021 and March 2022, the Company closed on the acquisitions of sawmills in Jasper, Florida and Beaver, Washington, which is expected to significantly expand our sawing capabilities and geographic reach once these mills ramp up expected production.

In February 2022, the Company entered into an agreement with Orange County, Florida to provide tree trimming and related services for roads and drainage for up to $5.7 million over the three year term of contract based on purchase orders if and when issued by Orange County during the contract term.

**Corporate Information**

We are currently incorporated and in good standing in the State of Delaware. Our principal executive offices are located at 24200 CR-561, Astatula, Florida 34705, and our telephone number is (407) 886-8733. Our website address is www.sustainablegreenteam.com. The information contained on our website is not incorporated by reference into this registration statement, and you should not consider any information contained on, or that can be accessed through, our website as part of this registration statement or in deciding whether to purchase our common shares.

**REGULATORY**

We are subject to various federal, state and local laws and regulations, compliance with which increases our operating costs, limits or restricts the services and products provided by our operating segments or the methods by which our operating segments offer, sell and fulfill those services or products or conduct their respective businesses, or subjects us to the possibility of regulatory actions or proceedings. Noncompliance with these laws and regulations can subject us to fines or various forms of civil or criminal prosecution, any of which could have a material adverse effect on our reputation, business, financial position, results of operations and cash flows.

These federal, state and local laws and regulations include laws relating to wage and hour, immigration, permitting and licensing, workers' safety, tax, healthcare reforms, collective bargaining and other labor matters, environmental, federal motor carrier safety, employee benefits and privacy and customer data security. We must also meet certain requirements of federal and state transportation agencies, including requirements of the U.S. Department of Transportation and Federal Motor Carrier Safety Administration, with respect to certain types of vehicles in our fleets. We are also regulated by federal, state and local laws, ordinances and regulations which are enforced by Departments of Agriculture, the Environmental Protection Agency and similar government entities.

***Employee and Immigration Matters***

We are subject to various federal, state and local laws and regulations governing our relationship with and other matters pertaining to our employees, including regulations relating to wage and hour, health insurance, working conditions, safety, citizenship or work authorization and related requirements, insurance and workers' compensation, anti-discrimination, collective bargaining and other labor matters.

We are also subject to the regulations of U.S. Immigration and Customs Enforcement ("ICE"), and we are audited from time to time by ICE for compliance with work authorization requirements. In addition, some states in which we operate have adopted immigration employment protection laws. Even if we operate in strict compliance with ICE and state requirements, some of our employees may not meet federal work eligibility or residency requirements, despite our efforts and without our knowledge, which could lead to a disruption in our work force.

***Environmental Matters***

Our businesses and sites on which we operate are subject to various federal, state and local laws and regulations regarding environmental, health and safety matters, including the Comprehensive Environmental Response, Compensation and Liability Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Emergency Planning and Community Right-to-Know Act, the Oil Pollution Act and the Clean Water Act, each as amended. Among other things, these laws and regulations regulate the emission or discharge of materials into the environment, govern the use, storage, treatment, disposal, handling and management of hazardous substances and wastes, and protect the health and safety of our employees. These laws also impose liability for the costs of investigating and remediating, and damages resulting from, present and past releases of hazardous substances, including releases by us or prior owners or operators, at sites we currently own, lease or operate, customer sites or third-party sites to which we sent wastes. During fiscal year 2022, we did not incur any material capital expenditures for liabilities arising from the enforcement of any applicable environmental regulations.

***State and Municipal Regulation; Permitting and Licensing***

Each state in which we now operate or may operate in the future has laws and regulations governing (1) water and air pollution, and the generation, storage, treatment, handling, processing, transportation, incineration and disposal of storm debris; (2) in most cases, the siting, design, operation, maintenance, closure and post-closure maintenance of certain types of storm debris collection sites; and (3) in some cases, vehicle emissions limits or fuel types, which impact our collection operations. Such standards typically are as stringent as and may be more stringent and broader in scope than, federal regulations. Most of the federal statutes noted above authorize states to enact and enforce laws with standards that are more protective of the environment than the federal analog. These laws and regulations may impact our operations directly and indirectly from the obligations and restrictions they impose on our business partners, including Waste Management, Inc., which owns two of the sites we use.

Many municipalities in which we currently operate or may operate in the future also have ordinances, laws and regulations affecting our operations. These include zoning and health measures that limit our activities to specified sites or conduct, flow control provisions that direct the delivery of wastes to specific facilities or to facilities in specific areas, or other restrictions on the movement of wastes into a municipality.

Some states have enacted laws that allow agencies with jurisdiction over waste management facilities to deny or revoke permits based on the applicant's or permit holder's compliance status. Some states also consider the compliance history of the corporate parent, subsidiaries and affiliates of the applicant or permit holder.

Certain permits and approvals issued under state or local law may limit the types of waste that may be accepted at a solid waste management facility or the quantity of waste that may be accepted at a solid waste management facility during a specific time period. In addition, certain permits and approvals, as well as certain state and local regulations, may limit a solid waste management facility to accepting waste that originates from specified geographic areas or seek to restrict the importation of out-of-state waste or otherwise discriminate against out-of-state waste. Generally, restrictions on importing out-of-state waste have not withstood judicial challenge. However, from time-to-time federal legislation is proposed which would allow individual states to prohibit the disposal of out-of-state waste or to limit the amount of out-of-state waste that could be imported for disposal and would require states, under certain circumstances, to reduce the amounts of waste exported to other states. Although such legislation has not been passed by Congress, if similar legislation is enacted, states in which we operate solid waste management facilities could limit or prohibit the importation of out-of-state waste. Such actions could materially and adversely affect the business, financial condition and results of operations of any of our landfills within those states that receive a significant portion of waste originating from out-of-state.

Certain states and localities may restrict the export of waste from their jurisdiction or require that a specified amount of waste be disposed of at facilities within their jurisdiction. Some proposed federal legislation would allow states and localities to impose flow restrictions. Those restrictions could reduce the volume of waste going to solid waste management facilities in certain areas, which may materially adversely affect our ability to operate our facilities. Those restrictions also may result in higher disposal costs for our collection operations. Flow control restrictions could have a material adverse effect on our business, financial condition, results of operations, and cash flows.

**Employees**

In 2022, during the busiest times of the year for our business, we employed over 200 workers, none of whom are presently represented by a labor union. We consider our relations with our employees to be good.

**Seasonality and Weather Conditions**

Our services and products have seasonal variability such as increased mulching in the spring, tree removal and cleanup work in the fall, and disaster (hurricane) recovery in the summer and the fall. This can drive fluctuations in revenue, costs and cash flows for interim periods.

Typically, our revenues and net income have been higher in the spring, which corresponds with our second fiscal quarter. Seasonality and extreme weather events cause our results of operations to vary from quarter to quarter and year to year for the same quarter.

Weather may impact the timing of performance of our services and sales of our products (mulch) from quarter to quarter. Certain extreme weather events, such as hurricanes and tropical storms, can result in increased revenues related to cleanup and other services. However, such weather events may also impact our ability to deliver other services and our products or cause damage to our facilities or equipment. These weather events can also result in higher fuel costs, higher labor costs and shortages of raw materials and products. As a result, a perceived earnings benefits related to extreme weather events may be moderated.

**Intellectual Property**

We, primarily through our subsidiaries, hold or have rights to use various service marks, trademarks and trade names we use in the operation of our businesses that we deem particularly important to each of our businesses. As of October 1, 2022, we had over twenty trademarks for bag labels.

Mulch Manufacturing, Inc. was assigned a patent on our latest product line, Softscape®, which is lighter in weight and has a more uniform appearance than other mulches. The patent was issued by the U.S. Patent and Trademark Office on March 8, 2011. The Softscape® patent covers the manufacturing process and the attributes making it lighter in weight and more uniform in appearance other mulches.

**Available Information**

Our website address is www.sustainablegreenteam.com. Through this website, our filings with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports, will be accessible (free of charge) as soon as reasonably practicable after materials are electronically filed with or furnished to the SEC. The information provided on our website is not part of this registration statement.

You also may read any materials we file with the SEC over the Internet at the SEC's website at www.sec.gov.

**ITEM 1A. RISK FACTORS**

*An investment in our securities carries a significant degree of risk. You should carefully consider the following risks, as well as the other information contained in this registration statement, including our historical financial statements and related notes included elsewhere in this registration statement before you decide to purchase our securities. Any one of these risks and uncertainties has the potential to cause material adverse effects on our business, prospects, financial condition, and operating results which could cause actual results to differ materially from any forward-looking statements expressed by us and a significant decrease in the value of our common stock shares. Refer to "Cautionary Statement Regarding Forward-Looking Statements."*

*We may not be successful in preventing the material adverse effects that any of the following risks and uncertainties may cause. These potential risks and uncertainties may not be a complete list of the risks and uncertainties facing us. There may be additional risks and uncertainties that we are presently unaware of, or presently consider immaterial, that may become material in the future and have a material adverse effect on us. You could lose all or a significant portion of your investment due to any of these risks and uncertainties.*

**Risks Related to Our Business**

***We are a holding company and depend upon our subsidiaries for our cash flows.***

We are a holding company. All of our operations are conducted, and almost all of our assets are owned, by our subsidiaries. Consequently, our cash flows and our ability to meet our obligations depend upon the cash flows of our subsidiaries and the payment of funds by these subsidiaries to us in the form of dividends, distributions or otherwise. The ability of our subsidiaries to make any payments to us depends on their earnings, the terms of their indebtedness, including the terms of any credit facilities and legal restrictions. Any failure to receive dividends or distributions from our subsidiaries when needed could have a material adverse effect on our business, results of operations or financial condition.

***We will require additional funding for our current working capital needs and growth plans, and such funding may result in a dilution of your investment.***

We attempted to estimate our funding requirements to implement our current working capital needs and growth plans, including our need for at least $18 million to complete our planned production of pine bark and marketable lumber at the Jasper mill, lumber production at our Beaver sawmill, and the purchase and installation of equipment for our Arborcare, mulch and soil operations and other working capital requirements related to our operations and contractual obligations related to the VRM Sublicense. See "Management's Discussion & Analysis of Financial Condition and Results of Operations - Material Cash Requirements." If our growth exceeds those plans or the costs or cash requirements of implementing such plans should exceed these estimates significantly or if we come across opportunities to grow through expansion plans either internally or through acquisitions which cannot be predicted at this time, and our funds generated from our operations prove insufficient for such purposes, we may need to raise additional funds to meet these funding requirements.

These additional funds may be raised by issuing equity or debt securities or by borrowing from banks or other sources. We cannot assure you that we will be able to obtain any additional financing on terms that are acceptable to us, or at all. If we fail to obtain additional financing on terms that are acceptable to us, we will not be able to implement such plans fully if at all. Such financing even if obtained, may be accompanied by conditions that limit our ability to pay dividends or require us to seek lenders' consent for payment of dividends, or restrict our freedom to operate our business by requiring lender's consent for certain corporate actions.

Further, if we raise additional funds by way of a rights offering or through the issuance of new shares, any shareholders who are unable or unwilling to participate in such an additional round of fund raising may suffer dilution in their investment.

***If the voting power of our capital stock continues to be highly concentrated, it may prevent you and other minority stockholders from influencing significant corporate decisions and may result in conflicts of interest.***

Anthony Raynor, our Chief Executive Officer, and sole director controls approximately 99% of the voting power of our outstanding capital stock. As a result, Mr. Raynor will have majority voting power over all matters requiring stockholder votes, including: the election of directors; mergers, consolidations, and acquisitions; the sale of all or substantially all of our assets and other decisions affecting our capital structure; amendments to our certificate of incorporation or our bylaws; and our winding up and dissolution.

This concentration of voting power may delay, deter, or prevent acts that would be favored by our other stockholders. The interests of Mr. Raynor may not always coincide with our interests or the interests of our other stockholders. This concentration of voting power may also have the effect of delaying, preventing, or deterring a change in control of us. Also, Mr. Raynor may seek to cause us to take courses of action that, in his judgment, could enhance his investment in us, but which might involve risks to our other stockholders or adversely affect us or our other stockholders, including investors in this offering. As a result, the market price of our common stock could decline, or our other stockholders might not receive a premium over the then-current market price of our common stock upon a change in control. In addition, this concentration of voting power may adversely affect the trading price of our common stock because investors may perceive disadvantages in owning shares in a company with significant stockholders. See ""Description of Capital Stock."

***The COVID-19 pandemic, along with rising fuel and labor costs has impacted and will likely continue to impact our business, financial condition and results of operations.***

A pandemic outbreak of novel strains of coronavirus (COVID-19) has occurred across the globe and efforts to mitigate the health impact of the pandemic have profoundly and adversely affected economic activity. National, state and local governments have taken actions to mitigate the impact of the COVID-19 pandemic in a variety of ways, including by declaring states of emergency, issuing stay-at-home orders and ordering certain businesses to close or limit their operations. Although our transportation, tree care, debris removal and storm/disaster recovery services operations are considered essential services, there are some jurisdictions that have periodically limited or halted our operations or the operations of the general contractors with which we work as well as our own mulch and soil manufacturing operations. Amended or future governmental orders or other restrictions may limit or prohibit our transportation, tree care, debris removal and storm/disaster recovery services, as well as our mulch and soil manufacturing operations in certain locations in the future. Further limitations could have a material adverse impact on our business, financial condition, results of operations, and cash flow.

In addition to limitations on our operations because of governmental orders or restrictions, the COVID-19 pandemic has caused and will likely continue to cause disruptions to our business and operations as a result of social distancing measures, restrictions on travel and labor shortages as a result of illness and possible delays in H-2B visa processing in connection with recent or future government orders and regulations related to immigration. In addition, the COVID-19 pandemic has caused and may continue to cause disruptions in the business and operations of the general contractors with which we work and our suppliers. We may be unable to timely obtain the supplies we need to provide our products and services as well as difficulties in obtaining drivers for deliveries of products and raw materials, which could have a material adverse impact on our ability to operate our business. As a result, we may lose business opportunities, have reduced revenues or have difficulty collecting payments from clients, which could have a material adverse impact on our business, financial condition, results of operation, and cash flow.

Due to COVID-19 disruptions in the supply chain and rising fuel and labor costs, we experienced an increase in delivery costs of approximately 23% or $1.3 million during the nine month period ended October 1, 2022 compared to the nine month period ended October 2, 2021. The Company incurred minimal expense, less than $10,000, related to supplies, such as personal protection equipment as our main operations is outdoors and not actively involving interactions with non-employee individuals.

The extent to which the COVID-19 pandemic will impact our business, results of operations, financial condition and cash flows in the future will depend on future developments, including the duration, spread and intensity of the pandemic, our continued ability to manufacture and distribute our products, as well as any future government actions affecting consumers and the economy generally, all of which are uncertain and difficult to predict considering the rapidly evolving landscape. We are not able to predict the impact, if any, that the COVID-19 pandemic may have on the seasonality of our business.

The COVID-19 pandemic has also resulted in material adverse national and global economic conditions that are impacting, and will continue to impact, our business. Such conditions may result in an economic recession or prolonged economic downturn, which could result in a material loss of business for the duration of the downturn. Actions taken to mitigate the pandemic and resulting economic conditions are likely to materially and adversely impact our business, financial condition, results of operations and cash flows. Although we have taken certain actions to ensure the continuity of our business and operations, we may need to take additional actions to ensure the continuity of our business, including use of a hiring freeze, furloughing, or laying off employees and taking other actions to limit expenditures. We have taken out PPP loans and drawn on borrowing facilities and may need to further extend borrowings and indebtedness in order to obtain additional liquidity. The COVID-19 pandemic has also resulted in severe disruption and volatility in the financial markets. Depending on the extent and duration of the COVID-19 pandemic, the price of our common stock on the OTCQX tier of OTC Markets has experienced and may continue to experience declines and volatility which may negatively impact our ability to raise capital through the equity markets if necessary to increase our liquidity.

In addition to the risks specifically described above, the impact of COVID-19 and the existing supply chain and inflationary pressures are likely to implicate and exacerbate certain risks, including those related to our customers, demand for our services, reliance on workers, suppliers, our indebtedness, and potential additional impairment of our goodwill and other intangible assets.

***Our industry and the markets in which we operate are highly competitive and increased competitive pressures could reduce our share of the markets we serve and adversely affect our business, financial position, results of operations and cash flows.***

We operate in markets with relatively few large competitors, but barriers to entry in the tree care, debris removal and storm/disaster recovery services industry as well as the mulch and soil industry are generally low, which has led to highly competitive markets consisting of entities ranging from small or local operators to large regional and national businesses, as well as potential customers that choose not to outsource their landscape maintenance services. Any of our competitors may foresee the course of market development more accurately than we do, provide superior service or products, have the ability to deliver similar services or products at a lower cost, develop stronger relationships with our customers and other consumers in the mulch and soil industries and in the tree care, debris removal and storm/disaster recovery services industry, adapt more quickly to evolving customer requirements, devote greater resources to the promotion and sale of their services or access financing on more favorable terms than we can obtain. In addition, while some regional competitors may be smaller than we are, some of these businesses may have a greater presence than we do in a particular market. As a result of any of these factors, we may not be able to compete successfully with our competitors, which could have an adverse effect on our business, financial position, results of operations and cash flows.

Our customers consider the quality and differentiation of the products and services we provide, our customer service, and price, when deciding whether to use our products and services. As we have strived to establish ourselves as leading, high-quality providers of mulch and soil product, transportation, tree care, debris removal and storm/disaster recovery services, we compete predominantly on the basis of high levels of service and strong relationships. We may not be able to, or may choose not to, compete with certain competitors on the basis of price and accordingly, some of our customers may switch to lower cost services providers or perform such services themselves. If we are unable to compete effectively with our existing competitors or new competitors enter the markets in which we operate, or our current customers stop outsourcing their tree care and debris removal maintenance services and storm/disaster recovery services, our financial position, results of operations and cash flows may be materially and adversely affected.

In addition, former employees may start tree care, debris removal and storm/disaster recovery services businesses similar to ours and compete directly with us. While we customarily sign non-competition agreements, which typically continue for one year following the termination of employment, with certain of our employees, such agreements do not fully protect us against competition from former employees and may not be enforceable depending on local law and the surrounding circumstances. Consequently, we cannot predict with certainty whether, if challenged, a court will enforce any non-competition agreement. Any increased competition from businesses started by former employees may reduce our market share and adversely affect our business, financial position, results of operations and cash flows.

***Our business success depends on our ability to preserve long-term customer relationships.***

Our success depends on our ability to retain our current customers, renew our existing customer contracts, and obtain new business. Our ability to do so generally depends on a variety of factors, including the quality, price, and responsiveness of our products and services, as well as our ability to market these products and services effectively and differentiate ourselves from our competitors. We largely seek to differentiate ourselves from our competitors based on high levels of service, breadth of service offerings and strong relationships and may not be able to, or may choose not to, compete with certain competitors based on price. There can be no assurance that we will be able to obtain new business, renew existing customer contracts at the same or higher levels of pricing or that our current customers will not cease operations, elect to self-operate or terminate contracts with us. In our services segment, we primarily provide services pursuant to agreements that are cancelable by either party upon 30-days' notice. Consequently, our customers can unilaterally terminate all services pursuant to the terms of our service agreements, without penalty.

***Our growth projections assume efficiencies, cost savings and other benefits of our vertically integrated business model that might not be achieved.***

Our business model is vertically integrated. Although we believe that vertical integration benefits our business, these benefits are difficult to quantify and might not be realized. Our growth projections are based on a variety of assumptions about efficiencies, cost savings and other benefits of being a vertically integrated company that may not be achieved. For example, we provide services through NSR that supply feedstock, raw materials, for the products MMI manufactures. If demand shifts disproportionately or inversely for NSR services and MMI products, we may have a shortage of feedstock and we would need to obtain more of our raw materials from other sources at a higher cost, or we might accumulate a surplus of feedstock and incur storage expenses. Furthermore, we are subject to a wider range of laws and regulations due to our vertical integration. The cost of compliance and dedication of management resources across all segments of our business may be higher than competitors that are not vertically integrated.

***We may be adversely affected if customers reduce their outsourcing.***

Our business and growth strategies benefit from the continuation of a current trend toward outsourcing services. Customers will outsource if they perceive that outsourcing may provide quality services at a lower overall cost and permit them to focus on their core business activities. We cannot be certain that this trend will continue or not be reversed or that customers that have outsourced functions will not decide to perform these functions themselves. If a significant number of our existing customers reduced their outsourcing and elected to perform the services themselves, such loss of customers could have a material adverse impact on our business, financial position, results of operations and cash flows.

***Because we operate our business through dispersed locations across the United States, our operations may be materially adversely affected by inconsistent practices and the operating results of individual branches may vary.***

We operate our business through a network of dispersed locations throughout the United States, supported by corporate executives and certain centralized services in our headquarters, with local branch management retaining responsibility for day-to-day operations. Our operating structure could make it difficult for us to coordinate procedures across our operations in a timely manner or at all, and certain of our branches may require significant oversight and coordination from headquarters to support their growth. In addition, the operating results of an individual branch may differ from that of another branch for a variety of reasons, including market size, management practices, competitive landscape, regulatory requirements, and local economic conditions. Inconsistent or incomplete implementation of corporate strategy and policies at the local level could materially and adversely affect our business, financial position, results of operations and cash flows.

***We may not successfully implement our business strategies, including achieving our growth objectives.***

We may not be able to fully implement our business strategies or realize, in whole or in part within the expected time frames, the anticipated benefits of our various growth or other initiatives. Our various business strategies and initiatives, including our growth, operational and management initiatives, are subject to business, economic and competitive uncertainties, and contingencies, many of which are beyond our control. In addition, we may incur certain costs as we pursue our growth, operational and management initiatives, and we may not meet anticipated implementation timetables or stay within budgeted costs. As these initiatives are undertaken, we may not fully achieve our expected efficiency improvements or growth rates, or these initiatives could adversely impact our customer retention, supplier relationships or operations. Also, our business strategies may change from time to time considering our ability to implement our business initiatives, competitive pressures, economic uncertainties or developments, or other factors.

***If we are unable to hire and retain key personnel, we may not be able to implement our business plan.***

The execution of our business strategy and our financial performance will continue to depend in significant part on our executive management team and other key management personnel, our ability to identify and complete suitable acquisitions and our executive management team's ability to execute new operational initiatives. We rely heavily on Anthony Raynor, the founder and CEO of the Company, to execute our business strategy. Consequently, the loss of Mr. Raynor may have a substantial effect on our future success or failure. We do not have and generally do not intend to acquire keyman life insurance on any of our executives, including Mr. Raynor. We may have to recruit qualified personnel with competitive compensation packages, equity participation, and other benefits that may affect the working capital available for our operations. Management may have to seek to obtain outside independent professionals to assist them in assessing the merits and risks of any business proposals as well as assisting in the development and operation of many company projects. No assurance can be given that we will be able to obtain such needed assistance on terms acceptable to us. Our failure to attract additional qualified employees or to retain the services of key personnel could have a material adverse effect on our operating results and financial condition.

***Future acquisitions or other strategic transactions could negatively impact our reputation, business, financial position, results of operations and cash flows.***

We have acquired businesses in the past and expect to continue to acquire businesses or assets in the future. However, there can be no assurance that we will be able to identify and complete suitable acquisitions. For example, due to the highly fragmented nature of our industry, it may be difficult for us to identify potential targets with revenues or profits sufficient to justify taking on the risks associated with pursuing their acquisition. The failure to identify suitable acquisitions and successfully integrate these acquired businesses may limit our ability to expand our operations and could have an adverse effect on our business, financial position, results of operations and cash flows.

In addition, acquired businesses may not perform in accordance with expectations, and our business judgments concerning the value, strengths and weaknesses of acquired businesses may not prove to be correct. We may also be unable to achieve expected improvements or achievements in businesses that we acquire. The process of integrating an acquired business may create unforeseen difficulties and expenses, including the diversion of resources away from our operations; the inability to retain employees, customers and suppliers; difficulties implementing our strategy at the acquired business; the assumption of actual or contingent liabilities (including those relating to the environment); failure to effectively and timely adopt and adhere to our internal control processes, accounting systems and other policies; write-offs or impairment charges relating to goodwill and other intangible assets; unanticipated liabilities relating to acquired businesses; and potential expenses associated with litigation with sellers of such businesses.

If management is not able to effectively manage the integration process, or if any significant business activities are interrupted because of the integration process, we may not be able to realize anticipated benefits and revenue opportunities resulting from acquisitions and our business could suffer. Although we conduct due diligence investigations prior to each acquisition, there can be no assurance that we will discover or adequately protect against all contingencies and material liabilities of an acquired business for which we may be responsible as a successor owner or operator.

In connection with our acquisitions, we generally require that key management and former principals of the businesses we acquire enter into non-competition agreements in our favor. Enforceability of these non-competition agreements varies from state to state and may depend on the relevant facts and circumstances. Consequently, we cannot predict with certainty whether, if challenged, a court will enforce any non-competition agreement. Increased competition could materially and adversely affect our business, financial position, results of operations and cash flows.

***Seasonality affects the demand for our services and products and our results of operations and cash flows.***

The demand for our services and products and our results of operations are affected by the seasonal nature of our services and products in certain regions. Our services and products have seasonal variability such as increased mulching in the spring, leaf removal and cleanup work in the fall, and disaster (hurricane) recovery in the summer and the fall. Typically, our revenues and net income have been higher in the spring, which corresponds with our second fiscal quarter. Such variability in demand for our services and products causes our results of operations to vary from quarter to quarter and from year to year in the same quarter. Due to the seasonal nature of the services, we provide, we also experience seasonality in our employment and working capital needs. Our employment and working capital needs generally correspond with the increased demand for our services in the spring, summer and falls months and employment levels and operating costs are generally at their highest during such months. Consequently, our results of operations and financial position can vary from quarter-to-quarter and from year-to-year in the same quarter. If we are unable to effectively manage the seasonality and year-to-year variability, our results of operations, financial position and cash flow may be adversely affected.

***Our operations are impacted by weather conditions.***

Weather may impact the timing of performance of our services and sales of our products (mulch) from quarter-to-quarter and from year-to-year in the same quarter. Certain extreme weather events, such as hurricanes and tropical storms, can result in increased revenues related to cleanup and other services. However, such weather events may also impact our ability to deliver other services and our products or cause damage to our facilities or equipment. These weather events can also result in higher fuel costs, higher labor costs and shortages of raw materials and products. As a result, a perceived earnings benefits related to extreme weather events may be moderated. There is a risk that demand for our services and products will change in ways that we are unable to predict.

***Increases in raw material costs, fuel prices, wages and other operating costs, and changes in our ability to source adequate supplies and materials in a timely manner, could adversely impact our business, financial position, results of operations and cash flows.***

Our financial performance may be adversely affected by increases in our operating expenses, such as fuel, wages and salaries, employee benefits, health care, subcontractor costs, vehicle, facilities and equipment leases, insurance and regulatory compliance costs, all of which may be subject to inflationary pressures. While we seek to manage price and availability risks related to raw materials through procurement strategies, these efforts may not be successful, and we may experience adverse impacts due to increasing tariffs and rising prices of such products. In addition, we closely monitor wage, salary, and benefit costs to remain competitive in our markets. Attracting and maintaining a high-quality workforce is a priority for our business, and if wage, salary or benefit costs increase, including as a result of minimum wage legislation, our operating costs will increase as they have in the past. We cannot predict the extent to which we may experience future increases in operating expenses as well as various regulatory compliance costs. To the extent such costs increase, we may be prevented, in whole or in part, from passing these cost increases through to our existing and prospective customers, which could have a material adverse impact on our business, financial position, results of operations and cash flows.

Our ability to offer our products and services to our customers is dependent upon our ability to obtain adequate supplies, materials, and products from manufacturers, distributors, and other suppliers. Any disruption or shortage in our sources of supply due to unanticipated increased demand or disruptions in production or delivery of products could result in a loss of revenues, reduced margins, and damage to our relationships with suppliers and customers. In addition, we source certain materials and products we use in our business from a limited number of suppliers. If our suppliers experience difficulties or disruptions in their operations or if we lose any significant supplier, we may experience increased supply costs or may experience delays in establishing replacement supply sources that meet our quality and control standards. The loss of, or a substantial decrease in the availability of, supplies and products from our suppliers or the loss of key supplier arrangements could adversely impact our business, financial position, results of operations and cash flows.

***If we are unable to accurately estimate the overall risks, requirements or costs when we bid on or negotiate contracts that are ultimately awarded to us, we may achieve lower than anticipated profits or incur contract losses.***

A significant portion of our contracts are subject to competitive bidding and/or are negotiated on a fixed- or capped-fee basis for the services covered. Such contracts generally require that the total amount of work, or a specified portion thereof, be performed for a single price irrespective of our actual costs. If our cost estimates for a contract are inaccurate, or if we do not execute the contract within our cost estimates, then cost overruns may cause the contract not to be as profitable as we expected or could cause us to incur losses.

***Our success depends on our executive management and other key personnel.***

Our future success depends to a significant degree on the skills, experience and efforts of our executive management and other key personnel and their ability to provide us with uninterrupted leadership and direction. The failure to retain our executive officers and other key personnel or a failure to provide adequate succession plans could have an adverse impact. The availability of highly qualified talent is limited, and the competition for talent is robust. A failure to replace executive management members or other key personnel efficiently or effectively and to attract, retain and develop new qualified personnel could have an adverse effect on our operations and implementation of our strategic plan.

***Our future success depends on our ability to attract, retain and maintain positive relations with trained workers.***

Our future success and financial performance depend substantially on our ability to attract, train and retain workers, including account, branch and regional management personnel. The tree care, debris removal and storm/disaster recovery services industry are labor intensive, and industry participants, including us, experience high turnover rates among hourly workers and competition for qualified supervisory personnel. In addition, we, like many trees care, debris removal and storm/disaster recovery service providers who conduct a portion of their operations in seasonal climates, employ a portion of our field personnel for only part of the year.

We have historically relied on the H-2B visa program to bring workers to the United States on a seasonal basis. We employed approximately 40 seasonal workers in 2022 and 2021, through the H-2B visa program. If we are unable to hire enough seasonal workers, through the H-2B program or otherwise, we may experience a labor shortage. In the event of a labor shortage, whether related to seasonal or permanent staff, we may have difficulty delivering our services in a high-quality or timely manner, and we could experience increased recruiting, training and wage costs in order to attract and retain employees, increasing our operating costs and reducing our profitability.

In 2022, during the busiest times of the year for our business, we employed over 200 workers, none of whom are presently represented by a labor union. If a significant number of our employees were to attempt to unionize, and/or successfully unionized, including in the wake of any future legislation that makes it easier for employees to unionize, our business could be negatively affected. Any inability by us to negotiate collective bargaining arrangements could result in strikes or other work stoppages disrupting our operations, and new union contracts could increase operating and labor costs. If these labor organizing activities were successful, it could further increase labor costs, decrease operating efficiency and productivity in the future, or otherwise disrupt or negatively impact our operations. Moreover, a collective bargaining agreement could require periodic contributions to multiemployer defined benefit pension plans. Required contributions to such plans could increase because of a shrinking contribution base because of the insolvency or withdrawal of other companies that currently contribute to these plans, the inability or failure of withdrawing companies to pay their withdrawal liability, low interest rates, lower than expected returns on pension fund assets or other funding deficiencies. Additionally, in the event we were to withdraw from such plans, in which we were forced to participate, as a result of our exiting certain markets or otherwise, and if the relevant plans were underfunded, we could become subject to a withdrawal liability. The amount of such required contributions may be material.

***Our business could be adversely affected by a failure to properly verify the employment eligibility of our employees.***

We use the U.S. government's "E-Verify" program to verify employment eligibility for all new employees throughout our company. However, use of E-Verify does not guarantee that we will successfully identify all applicants who are ineligible for employment. Although we use E-Verify and require all new employees to provide us with government-specified documentation evidencing their employment eligibility, some of our employees may, without our knowledge, be unauthorized workers. The employment of unauthorized workers may subject us to fines or penalties, and adverse publicity that negatively impacts our reputation and may make it more difficult to hire and keep qualified employees. We are subject to regulations of U.S. Immigration and Customs Enforcement, or ICE, and we are audited from time to time by ICE for compliance with work authentication requirements. While we believe we follow applicable laws and regulations, if we are found not to be in compliance as a result of any audits, we may be subject to fines or other remedial actions. See "Business—Regulatory Overview—Employee and Immigration Matters."

Termination of a significant number of employees in specific markets or across our company due to work authorization or other regulatory issues would disrupt our operations and could also cause adverse publicity and temporary increases in our labor costs as we train new employees. We could also become subject to fines, penalties and other costs related to claims that we did not fully comply with all recordkeeping obligations of federal and state immigration compliance laws. Our reputation and financial performance may be materially harmed because of any of these factors. Furthermore, immigration laws have been an area of considerable political focus in recent years, and the U.S. Congress and the Executive Branch of the U.S. government from time to time consider or implement changes to federal immigration laws, regulations, or enforcement programs. Further changes in immigration or work authorization laws may increase our obligations for compliance and oversight, which could subject us to additional costs and potential liability and make our hiring process more cumbersome or reduce the availability of potential employees.

***Our use of subcontractors to perform work under certain customer contracts exposes us to liability and financial risk.***

We use subcontractors to perform work in situations in which we are not able to self-perform such work. If we are unable to hire qualified subcontractors, our ability to successfully complete a project or perform services could be impaired. If we are not able to locate qualified third-party subcontractors or the amount we are required to pay for subcontractors exceeds what we have estimated, we could incur losses or realize lower than expected margins. We may not have direct control over our subcontractors, and although we have in place controls and programs to monitor the work of our subcontractors, there can be no assurance that these programs will have the desired effect. The actual or alleged failure to perform or negligence of a subcontractor may damage our reputation or expose us to liability, which could impact our results of operations. Furthermore, if our subcontractors are unable to cover the cost of damages or physical injuries caused by their actions, whether through insurance or otherwise, we may be held liable for such costs.

***If we fail to comply with requirements imposed by applicable law or other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business.***

We are subject to governmental regulation at the federal, state, and local levels in many areas of our business, such as employment laws, wage and hour laws, discrimination laws, immigration laws, human health and safety laws, transportation laws, environmental laws, false claims or whistleblower statutes, disadvantaged business enterprise statutes, tax codes, antitrust and competition laws, intellectual property laws, governmentally funded entitlement programs and cost and accounting principles, the Foreign Corrupt Practices Act, other anti-corruption laws, lobbying laws, motor carrier safety laws and data privacy and security laws. We may be subject to review, audit or inquiry by applicable regulators from time to time.

While we attempt to comply with all applicable laws and regulations, there can be no assurance that we are always in full compliance with all applicable laws and regulations or interpretations of these laws and regulations or that we will be able to comply with any future laws, regulations or interpretations of these laws and regulations. If we fail to comply with applicable laws and regulations, including those referred to above, we may be subject to investigations, criminal sanctions, or civil remedies, including fines, penalties, damages, reimbursement, injunctions, seizures or disgorgements of the ability to operate our motor vehicles. The cost of compliance or the consequences of non-compliance, could have a material adverse effect on our business and results of operations. In addition, government agencies may make changes in the regulatory frameworks within which we operate that may require either the corporation as a whole or individual businesses to incur substantial increases in costs to comply with such laws and regulations.

***Adverse litigation judgments or settlements resulting from legal proceedings relating to our business operations could materially adversely affect our business, financial position and results of operations.***

From time to time, we are subject to allegations, and may be party to legal claims and regulatory proceedings, relating to our business operations. Such allegations, claims or proceedings may, for example, relate to personal injury, property damage, general liability claims relating to properties where we perform services, vehicle accidents involving our vehicles and our employees, regulatory issues, contract disputes or employment matters and may include class actions. See Item 8 "Legal Proceedings". Such allegations, claims and proceedings have been and may be brought by third parties, including our customers, employees, governmental or regulatory bodies or competitors. Defending against these and other such claims and proceedings is costly and time consuming and may divert management's attention and personnel resources from our normal business operations, and the outcome of many of these claims and proceedings cannot be predicted. If any of these claims or proceedings were to be determined adversely to us, a judgment, a fine or a settlement involving a payment of a material sum of money were to occur, or injunctive relief were issued against us, our business, financial position, results of operations and cash flows could be materially adversely affected.

Currently, we carry a broad range of insurance for the protection of our assets and operations. However, such insurance may not fully cover all material expenses related to potential allegations, claims and proceedings, or any adverse judgments, fines or settlements resulting therefrom, as such insurance programs are often subject to significant deductibles or self-insured retentions or may not cover certain types of claims. To the extent we are subject to a higher frequency of claims, are subject to more serious claims or insurance coverage is not available, our liquidity, financial position, results of operations, and cash flows could be materially adversely affected.

We are also responsible for our legal expenses relating to such claims. We reserve currently for anticipated losses and related expenses. We periodically evaluate and adjust our claims reserves to reflect trends in our own experience as well as industry trends. However, ultimate results may differ from our estimates, which could result in losses over our reserved amounts.

***Some of the equipment that our employees use is dangerous, and an increase in accidents resulting from the use of such equipment could negatively affect our reputation, results of operations and financial position.***

Many of the services that we provide pose the risk of serious personal injury to our employees. Our employees regularly use dangerous equipment. As a result, there is a significant risk of work-related injury and workers' compensation claims. To the extent that we experience a material increase in the frequency or severity of accidents or workers' compensation claims, or unfavorable developments on existing claims or fail to comply with worker health and safety regulations, our operating results and financial position could be materially and adversely affected. In addition, the perception that our workplace is unsafe may damage our reputation among current and potential employees, which may impact our ability to recruit and retain employees, which may adversely affect our business and results of operations.

***Any failure, inadequacy, interruption, security failure or breach of our information technology systems, whether owned by us or outsourced or managed by third parties, could harm our ability to effectively operate our business and could have a material adverse effect on our business, financial position results of operations, and cash flows.***

We are dependent on certain centralized automated information technology systems and networks to manage and support a variety of business processes and activities. Our ability to effectively manage our business and coordinate the sourcing of supplies, materials and products and our services depends significantly on the reliability and capacity of these systems and networks. Such systems and networks are subject to damage or interruption from power outages, telecommunications problems, data corruption, software errors, network failures, security breaches, acts of war or terrorist attacks, fire, flood, and natural disasters. Our servers or cloud-based systems could be affected by physical or electronic break-ins, and computer viruses or similar disruptions may occur. A system outage may also cause the loss of important data or disrupt our operations. Our existing safety systems, data backup, access protection, user management, disaster recovery and information technology emergency planning may not be sufficient to prevent or minimize the effect of data loss or long-term network outages.

We may periodically upgrade our existing information technology systems with the assistance of third-party vendors, and the costs to upgrade such systems may be significant. Costs and potential problems and interruptions associated with the implementation of new or upgraded systems and technology or with maintenance or adequate support of existing systems could disrupt or reduce the efficiency of our operations. If we cannot meet our information technology staffing needs, we may not be able to fulfill our technology initiatives while continuing to provide maintenance on existing systems. We could be required to make significant capital expenditures to remediate any such failure, malfunction or breach with our information technology systems or networks. Any material disruption or slowdown of our systems, including those caused by our failure to successfully upgrade our systems, and our inability to convert to alternate systems in an efficient and timely manner could have a material adverse effect on our business, financial position, results of operations, and cash flows.

We rely on commercially available systems, software, tools and monitoring to provide security for processing, transmitting and storing confidential information of our customers, employees and third parties. Unlawful or unauthorized activities by third parties, and failures in systems, software, encryption technology, or other tools may facilitate or result in a compromise or breach of these systems. We are subject to risks caused by data breaches and operational disruptions, particularly through cyber-attack or cyber-intrusion, including by computer hackers, foreign governments and cyber terrorists. Any unauthorized disclosure of confidential information could damage our reputation, interrupt our operations and could result in a violation of applicable laws, regulations, industry standards or agreements and potentially subject us to costs, penalties and liabilities The occurrence of any of these events could have a material adverse impact on our reputation, business, financial position, results of operations and cash flow. Although we maintain insurance coverage for various cybersecurity risks, there can be no guarantee that all costs incurred will be fully insured.

***We may not be able to adequately protect our intellectual property, which could harm the value of our brand and adversely affect our business.***

Our ability to implement our business plan successfully depends in part on our ability to further build brand recognition using our trademarks, service marks and other proprietary intellectual property, including our name, logos and licensed technology. While it is our policy to protect and defend vigorously our intellectual property, we cannot predict whether such actions will be adequate to prevent infringement or misappropriation of these rights. Although we believe that we have sufficient rights to all of our trademarks, service marks and other intellectual property rights, we may face claims of infringement that could interfere with our business or our ability to market and promote our brands. If we are unable to successfully defend against such claims, we may be prevented from using our intellectual property rights in the future and may be liable for damages.

Although we make a significant effort to avoid infringing known proprietary rights of third parties, we may be subject to claims of infringement by third parties. Responding to and defending such claims, regardless of their merit, can be costly and time-consuming, and we may not prevail. Depending on the resolution of such claims, we may be barred from using a specific mark or other rights, may be required to enter into licensing arrangements from the third-party claiming infringement or may become liable for significant damages. If any of the foregoing occurs, our ability to compete could be affected or our business, financial position and results of operations may be adversely affected.

**Risks Related to Our Indebtedness**

***Our substantial indebtedness could have important adverse consequences and adversely affect our financial condition.***

We have a significant amount of indebtedness. As of October 1, 2022, we had total notes payable of $26.8 million. See Note 9 "Notes Payable" to our condensed consolidated financial statements for the period ended October 1, 2022 included elsewhere in the registration statement.

Our level of debt could have important consequences, including making it more difficult for us to satisfy our obligations with respect to our debt, limiting our ability to obtain additional financing to fund future working capital, capital expenditures, investments or acquisitions, or other general corporate requirements, requiring a substantial portion of our cash flows to be dedicated to debt service payments instead of other purposes, thereby reducing the amount of cash flows available for working capital, capital expenditures, investments or acquisitions and other general corporate purposes, increasing our vulnerability to adverse changes in general economic, industry and competitive conditions, exposing us to the risk of increased interest rates, limiting our flexibility in planning for and reacting to changes in the industries in which we compete, placing us at a disadvantage compared to other, less leveraged competitors, increasing our cost of borrowing and hampering our ability to execute on our growth strategy.

***We may be unable to generate sufficient cash flow to satisfy our significant debt service obligations, which could have a material adverse effect on our business, financial condition results of operations, and cash flows.***

Our ability to make principal and interest payments on and to refinance our indebtedness will depend on our ability to generate cash in the future and is subject to general economic, financial, competitive, legislative, regulatory and other factors that are beyond our control. If our business does not generate sufficient cash flow from operations, in the amounts projected or at all, or if future borrowings are not available to us in amounts sufficient to fund our other liquidity needs, our business, financial condition, results of operations, and cash flows could be materially adversely affected.

If we cannot generate sufficient cash flow from operations to make scheduled principal and interest payments, we may need to refinance all or a portion of our indebtedness on or before maturity, sell assets, delay capital expenditures or seek additional equity. The terms of our existing or future debt agreements may also restrict us from affecting any of these alternatives. Any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our business operations. Further, changes in the credit and capital markets, including market disruptions and interest rate fluctuations, may increase the cost of financing, make it more difficult to obtain favorable terms, or restrict our access to these sources of future liquidity. In addition, any failure to make scheduled payments of interest and principal on our outstanding indebtedness would likely result in a reduction of our credit rating, which could harm our ability to incur additional indebtedness on commercially reasonable terms or at all. Our inability to generate sufficient cash flow to satisfy our debt service obligations, or to refinance or restructure our obligations on commercially reasonable terms or at all, could have a material adverse effect on our business, financial condition and results of operations, as well as on our ability to satisfy our obligations in respect of our indebtedness.

***Despite our level of indebtedness, we and our subsidiaries may still be able to incur substantially more debt, including off-balance sheet financing, contractual obligations and general and commercial liabilities. This could further exacerbate the risks to our financial condition described above.***

We and our subsidiaries may be able to incur significant additional indebtedness in the future, including off-balance sheet financings, contractual obligations and general and commercial liabilities. If new debt is added to our current debt levels, the related risks that we now face could intensify.

**Risks Relating to Our Common Stock**

***The market price of our common stock is likely to be highly volatile because of several factors, including a limited public float.***

The market price of our common stock has been volatile in the past and the market price of our common stock is likely to be highly volatile in the future. You may not be able to resell shares of our common stock following periods of volatility because of the market's adverse reaction to volatility.

Other factors that could cause such volatility may include, among other things:

● actual or anticipated fluctuations in our operating results;

● the absence of securities analysts covering us and distributing research and recommendations about us;

● we may have a low trading volume for several reasons, including that a large portion of our stock is closely held:

● overall stock market fluctuations;

● announcements concerning our business or those of our competitors;

● actual or perceived limitations on our ability to raise capital when we require it, and to raise such capital on favorable terms;

● conditions or trends in the industry;

● litigation;

● changes in market valuations of other similar companies;

● future sales of common stock;

● departure of key personnel or failure to hire key personnel; and

● general market conditions.

Any of these factors could have a significant and adverse impact on the market price of our common stock. In addition, the stock market in general has at times experienced extreme volatility and rapid decline that has often been unrelated or disproportionate to the operating performance of companies. These broad market fluctuations may adversely affect the trading price of our common stock, regardless of our actual operating performance.

***Our common stock has in the past been a*** "***penny stock" under SEC rules". It may be more difficult to resell securities classified as*** "***penny stock."***

In the past, our common stock was a "penny stock" under applicable SEC rules (generally defined as non-exchange traded stock with a per-share price below $5.00). These rules impose additional sales practice requirements on broker-dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as "established customers" or "accredited investors." For example, broker-dealers must determine the appropriateness for non-qualifying persons of investments in penny stocks. Broker-dealers must also provide, prior to a transaction in a penny stock not otherwise exempt from the rules, a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, disclose the compensation of the broker-dealer and its salesperson in the transaction, furnish monthly account statements showing the market value of each penny stock held in the customer's account, provide a special written determination that the penny stock is a suitable investment for the purchaser, and receive the purchaser's written agreement to the transaction.

Legal remedies available to an investor in "penny stocks" may include the following:

● If a "penny stock" is sold to the investor in violation of the requirements listed above, or other federal or states securities laws, the investor may be able to cancel the purchase and receive a refund of the investment.

● If a "penny stock" is sold to the investor in a fraudulent manner, the investor may be able to sue the persons and firms that committed the fraud for damages.

These requirements may have the effect of reducing the level of trading activity, if any, in the secondary market for a security that becomes subject to the penny stock rules. The additional burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from effecting transactions in our securities, which could severely limit the market price and liquidity of our securities. These requirements may restrict the ability of broker-dealers to sell our common stock or our warrants and may affect your ability to resell our common stock and our warrants.

Many brokerage firms will discourage or refrain from recommending investments in penny stocks. Most institutional investors will not invest in penny stocks. In addition, many individual investors will not invest in penny stocks due, among other reasons, to the increased financial risk generally associated with these investments.

For these reasons, penny stocks may have a limited market and, consequently, limited liquidity."

***If the benefits of any proposed acquisition do not meet the expectations of investors, stockholders or financial analysts, the market price of our Common Stock may decline.***

If the benefits of any proposed acquisition do not meet the expectations of investors or securities analysts, the market price of our Common Stock prior to the closing of the proposed acquisition may decline. The market values of our Common Stock at the time of the proposed acquisition may vary significantly from their prices on the date the acquisition target was identified.

In addition, broad market and industry factors may materially harm the market price of our Common Stock irrespective of our operating performance. The stock market in general has experienced price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of the particular companies affected. The trading prices and valuations of these stocks, and of our securities, may not be predictable. A loss of investor confidence in the market for retail stocks or the stocks of other companies which investors perceive to be similar to us could depress our stock price regardless of our business, prospects, financial conditions or results of operations. A decline in the market price of our securities also could adversely affect our ability to issue additional securities and our ability to obtain additional financing in the future.

***Becoming a fully reporting public company results in additional expenses, diverts management***'***s attention, and could also adversely affect our ability to attract and retain qualified directors.***

As a fully reporting public reporting company, we are subject to the reporting requirements of the Exchange Act. These requirements generate significant accounting, legal and financial compliance costs and make some activities more difficult, time consuming or costly and may place significant strain on our personnel and resources. The Exchange Act requires, among other things, that we maintain effective disclosure controls and procedures and internal control over financial reporting. To establish the requisite disclosure controls and procedures and internal control over financial reporting, significant resources and management oversight are required.

As a result, management's attention may be diverted from other business concerns, which could have an adverse and even material effect on our business, financial condition, results of operations and cash flows. These rules and regulations may also make it more difficult and expensive for us to obtain director and officer liability insurance. If we are unable to obtain appropriate director and officer insurance, our ability to recruit and retain qualified officers and directors, especially those directors who may be deemed independent, could be adversely impacted.

***We qualify as an*** "***emerging growth company" and our election to delay adoption of new or revised accounting standards applicable to public companies may result in our financial statements not being comparable to those of some other public companies. As a result of this and other reduced disclosure requirements applicable to emerging growth companies, our securities may be less attractive to investors.***

As a public reporting company with less than $1,235,000,000 in revenue during our last fiscal year, we qualify as an "emerging growth company" under the Jumpstart our Business Startups Act of 2012 (the "JOBS Act"). An emerging growth company may take advantage of certain reduced reporting requirements and is relieved of certain other significant requirements that are otherwise generally applicable to public companies. As an emerging growth company, we:

● are not required to obtain an attestation and report from our auditors on our management's assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley Act of 2002;

● are not required to provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements fit with our principles and objectives (commonly referred to as "compensation discussion and analysis");

● are not required to obtain a non-binding advisory vote from our stockholders on executive compensation or golden parachute arrangements (commonly referred to as the "say-on-pay," "say-on-frequency" and "say-on-golden-parachute" votes);

● are exempt from certain executive compensation disclosure provisions requiring a pay-for-performance graph and CEO pay ratio disclosure;

● may present only two years of audited financial statements and only two years of related Management's Discussion & Analysis of Financial Condition and Results of Operations ("MD&A"); and

● are eligible to claim longer phase-in periods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act.

We intend to take advantage of all these reduced reporting requirements and exemptions, including the longer phase-in periods for the adoption of new or revised financial accounting standards under §107 of the JOBS Act. Our election to use the phase-in periods may make it difficult to compare our financial statements to those of non-emerging growth companies and other emerging growth companies that have opted out of the phase-in periods under §107 of the JOBS Act.

Certain of these reduced reporting requirements and exemptions were already available to us since we also qualify as a "smaller reporting company" under SEC rules. For instance, smaller reporting companies are not required to obtain an auditor attestation and report regarding management's assessment of internal control over financial reporting; are not required to provide a compensation discussion and analysis; are not required to provide a pay-for-performance graph or Chief Executive Officer pay ratio disclosure; and may present only two years of audited financial statements and related MD&A disclosure.

Under the JOBS Act, we may take advantage of the above-described reduced reporting requirements and exemptions for up to five years after our initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended (the "Securities Act"), or such earlier time that we no longer meet the definition of an emerging growth company. In this regard, the JOBS Act provides that we would cease to be an "emerging growth company" if we have more than $1,235,000,000 in annual revenues, have more than $700 million in market value of our Common Stock held by non-affiliates, or issue more than $1.0 billion in principal amount of non-convertible debt over a three-year period. Further, under current SEC rules we will continue to qualify as a "smaller reporting company" for so long as we have a public float (i.e., the market value of common equity held by non-affiliates) of less than $75 million as of the last business day of our most recently completed second fiscal quarter.

We cannot predict if investors will find our securities less attractive due to our reliance on these exemptions.

***We are required to comply with certain provisions of Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the*** "***Sarbanes-Oxley Act") and if we fail to continue to comply, our business could be harmed, and the price of our securities could decline.***

Rules adopted by the SEC pursuant to Section 404 of the Sarbanes-Oxley Act require an annual assessment of internal control over financial reporting, and for certain issuers an attestation of this assessment by the issuer's independent registered public accounting firm. The standards that must be met for management to assess the internal control over financial reporting as effective are evolving and complex, and require significant documentation, testing, and possible remediation to meet the detailed standards. We expect to incur significant expenses and to devote resources to Section 404 compliance on an ongoing basis. It is difficult for us to predict how long it will take or costly it will be to complete the assessment of the effectiveness of our internal control over financial reporting for each year and to remediate any deficiencies in our internal control over financial reporting. As a result, we may not be able to complete the assessment and remediation process on a timely basis. In the event that our Chief Executive Officer or Chief Financial Officer determines that our internal control over financial reporting is not effective as defined under Section 404, we cannot predict how regulators will react or how the market prices of our securities will be affected; however, we believe that there is a risk that investor confidence and the market value of our securities may be negatively affected.

***Shares eligible for future sale may adversely affect the market.***

From time to time, certain of our stockholders may be eligible to sell all or some of their shares of common stock by means of ordinary brokerage transactions in the open market pursuant to Rule 144 promulgated under the Securities Act, subject to certain limitations. In general, pursuant to Rule 144, non-affiliate stockholders may sell freely after six months, subject only to the current public information requirement. Affiliates may sell after six months, subject to the Rule 144 volume, manner of sale (for equity securities), current public information, and notice requirements. Of the approximately 74,881,742 shares of our common stock outstanding as of January 5, 2023, approximately 8,412,881 shares are tradable without restriction. Given the limited trading of our common stock, resale of even a small number of shares of our common stock pursuant to Rule 144 or an effective registration statement may adversely affect the market price of our common stock.

***Anti-takeover provisions contained in our certificate of incorporation and bylaws, as well as provisions of Delaware law, could impair a takeover attempt.***

The Company's certificate of incorporation and bylaws contain provisions that could have the effect of delaying or preventing changes in control or changes in our management without the consent of our board of directors. These provisions include:

● Our certificate of incorporation will contain a provision for a classified board of directors with staggered three-year terms so that not all members of our board of directors are elected at one time;

● Our governing documents do not provide for cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates;

● the ability of our board of directors to determine whether to issue shares of our preferred stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval, which could be used to significantly dilute the ownership of a hostile acquirer;

● limiting the liability of, and providing indemnification to, our directors and officers;

● controlling the procedures for the conduct and scheduling of stockholder meetings;

● providing that director may be removed prior to the expiration of their terms by stockholders only for cause;

● controlling the procedures for the conduct and scheduling of stockholder meetings;

● advance notice procedures that stockholders must comply with to nominate candidates to our board of directors or to propose matters to be acted upon at a stockholders' meeting, which may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer's own slate of directors or otherwise attempting to obtain control of the Company.

These provisions, alone or together, could delay hostile takeovers and changes in control of the Company or changes in our board of directors and management.

Any provision of our certificate of incorporation or bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our security holders to receive a premium for their securities and could also affect the price that some investors are willing to pay for our securities.

***We have never paid dividends on our common stock and have no plans to do so in the future.***

Holders of shares of our common stock are entitled to receive such dividends as may be declared by our board of directors. To date, we have paid no cash dividends on our shares of common stock, and we do not expect to pay cash dividends on our common stock in the foreseeable future. We intend to retain future earnings, if any, to provide funds for operations of our business. Therefore, any return investors in our common stock may have will be in the form of appreciation, if any, in the market value of their shares of common stock. See "Dividend Policy."

***We will indemnify and hold harmless our officers and directors to the maximum extent permitted by Delaware law.***

Our Bylaws provide that we will indemnify and hold harmless our officers and directors against claims arising from our activities to the maximum extent permitted by Delaware law. If we were called upon to perform under our indemnification agreement, then the portion of our assets expended for such purpose would reduce the amount otherwise available for our business.

**COVID-19**

A pandemic outbreak of novel strains of coronavirus (COVID-19) has occurred across the globe and efforts to mitigate the health impact of the pandemic have profoundly and adversely affected economic activity. National, state and local governments have taken actions to mitigate the impact of the COVID-19 pandemic in a variety of ways, including by declaring states of emergency, issuing stay-at-home orders and ordering certain businesses to close or limit their operations. Although our transportation, tree care, debris removal and storm/disaster recovery services operations are considered essential services, there are some jurisdictions that have periodically limited or halted our operations or the operations of the general contractors with which we work as well as our own mulch and soil manufacturing operations. Amended or future governmental orders or other restrictions may limit or prohibit our transportation, tree care, debris removal and storm/disaster recovery services, as well as our mulch and soil manufacturing operations in certain locations in the future. Further limitations could have a material adverse impact on our business, financial condition, results of operations, and cash flow.

In addition to limitations on our operations because of governmental orders or restrictions, the COVID-19 pandemic has caused and will likely continue to cause disruptions to our business and operations as a result of social distancing measures, restrictions on travel and labor shortages as a result of illness and possible delays in H-2B visa processing in connection with recent or future government orders and regulations related to immigration. In addition, the COVID-19 pandemic has caused and may continue to cause disruptions in the business and operations of the general contractors with which we work and our suppliers. We may be unable to timely obtain the supplies we need to provide our products and services, as well as difficulties in obtaining drivers for deliveries of products and raw materials, which could have a material adverse impact on our ability to operate our business. As a result, we may lose business opportunities, have reduced revenues or have difficulty collecting payments from clients, which could have a material adverse impact on our business, financial condition, results of operation, and cash flow.

Due to COVID-19 disruptions in the supply chain and rising fuel and labor costs, we experienced an increase in delivery costs of approximately 23% or $1.3 million during the nine month period ended October 1, 2022 compared to the nine month period ended October 2, 2021. The Company incurred minimal expense, less than $10,000, related to supplies, such as personal protection equipment as our main operations is outdoors and not actively involving interactions with non-employee individuals.

The extent to which the COVID-19 pandemic will impact our business, results of operations, financial condition and cash flows in the future will depend on future developments, including the duration, spread and intensity of the pandemic, our continued ability to manufacture and distribute our products, as well as any future government actions affecting consumers and the economy generally, all of which are uncertain and difficult to predict considering the rapidly evolving landscape. We are not able to predict the impact, if any, that the COVID-19 pandemic may have on the seasonality of our business.

The COVID-19 pandemic has also resulted in material adverse national and global economic conditions that are impacting, and will continue to impact, our business. Such conditions may result in an economic recession or prolonged economic downturn, which could result in a material loss of business for the duration of the downturn. Actions taken to mitigate the pandemic and resulting economic conditions are likely to materially and adversely impact our business, financial condition, results of operations and cash flows. Although we have taken certain actions to ensure the continuity of our business and operations, we may need to take additional actions to ensure the continuity of our business, including use of a hiring freeze, furloughing, or laying off employees and taking other actions to limit expenditures. We have taken out PPP loans and drawn on borrowing facilities and may need to further extend borrowings and indebtedness in order to obtain additional liquidity. The COVID-19 pandemic has also resulted in severe disruption and volatility in the financial markets. Depending on the extent and duration of the COVID-19 pandemic, the price of our common stock on the OTCQX tier of OTC Markets has experienced and may continue to experience declines and volatility which may negatively impact our ability to raise capital through the equity markets if necessary to increase our liquidity.

In addition to the risks specifically described above, the impact of COVID-19 is likely to implicate and exacerbate certain risks, including those related to our customers, demand for our services, reliance on workers, suppliers, our indebtedness, and potential additional impairment of our goodwill and other intangible assets.

**ITEM 2. FINANCIAL INFORMATION**

**Selected Historical Consolidated Financial Data**

The following table presents our selected historical consolidated financial data for the periods indicated. The selected historical consolidated financial data for the years ended January 1, 2022 and January 2, 2021 and the balance sheet data as of January 1, 2022 and January 2, 2021 are derived from the audited financial statements. The summary historical financial data for the nine months ended October 1, 2022, and October 2, 2021 and the balance sheet data as of October 1, 2022 is derived from our unaudited financial statements.

Historical results are included for illustrative and informational purposes only and are not necessarily indicative of results we expect in future periods, and results of interim periods are not necessarily indicative of results for the entire year. The data presented below should be read in conjunction with, and are qualified in their entirety by reference to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and the notes thereto included elsewhere in this registration statement.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended** | **Year Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **January 1, 2022** | **January 2, 2021** | **October 1, 2022** | **October 2, 2021** |
|  | **(audited)** | **(audited)** | **(unaudited)** | **(unaudited)** |
| **Statement of Operations Data** | | | | |
| Total revenues | $32368984 | $30584291 | $28978933 | $25887652 |
| Cost of revenues | 31482519 | 27813403 | 23410731 | 24556926 |
| Total gross profit (loss) | 886465 | 2770888 | 5568202 | 1330726 |
| Total operating expenses | 5064963 | 4279751 | 4539311 | 3484935 |
| Income (loss) from operations | (4178498) | (1508863) | 1028891 | (2154209) |
| Total other income (expense) | 8255157 | 7375665 | 184362 | 1119418 |
| Income (loss) before provision for taxes | 4076659 | 5866803 | 1213253 | (1034791) |
| Income tax provisions | (716002) | (169191) | 223948 | (286840) |
| Net income (loss) | $4792661 | $6035994 | $989305 | $(747951) |
| Basic and diluted net loss per share | $0.05 | $0.07 | $0.01 | $(0.01) |
| **Balance Sheet Data (at period end)** |  |  |  |  |
| Cash and money market | $788294 | $3307550 | $42561 | $916427 |
| Working capital<sup>(1)</sup> | $5011086 | $9087976 | $5316444 | $11438750 |
| Total assets | $66805152 | $41218419 | $81666905 | $50325212 |
| Total liabilities | $25639650 | $30090859 | $39149596 | $18569076 |
| Stockholders' equity (deficit) | $41165502 | $11127560 | $42517309 | 31756136 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Working
 capital represents total current assets less total current liabilities.

**Management's Discussion and Analysis of Financial Condition and Results of Operations**

References in this registration statement to "we," "us" or the "Company" refer to The Sustainable Green Team, Ltd. and its subsidiaries. The following discussion and analysis of the Company's financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this registration statement.

**Overview**

The Company is a provider of environmentally conscious solutions in the arbor care, disposal, and recycling industries. The Company is a collector of tree debris ("feedstock"), throughout the southeast region of the United States. The Company beneficially-reuses feedstock to manufacture wood-based mulch and lumber products that are sold nationwide. The Company has a division that manufactures and sells proprietary mulch colorants and coloring equipment. The Company is also installing equipment for producing soil products and expects to start selling these products in 2023.

Historically, the harvest and processing of wood has resulted in timber waste and feedstock being sent to landfills and disposal sites, essentially collecting and disposing of useful products. The Sustainable Green Team's mission is to address this traditional "collect-and-dispose" wasteful model, partly by partnering with a large waste management company, thereby turning feedstock that would otherwise be thrown away into reusable products such as mulch and soil.

The Company is currently incorporated and in good standing in the State of Delaware and operates as a holding company with two operating subsidiaries:

● *<u>National Storm Recovery, LLC</u>* ("NSR"), a Delaware LLC, operating as "Central Florida Arborcare", provides arbor care, tree trimming, and storm debris clean-up and disposal services, primarily in the southeastern United States with nationwide capabilities; and

● *<u>Mulch Manufacturing, Inc.</u>* ("MMI"), an Ohio corporation, manufactures mulch, lumber and soil products in the United States midwest and southeast regions, and the Ohio Valley. MMI has nationwide distribution channels.

The Company's vertically integrated business begins with the collection of feedstock through NSR. Feedstock is then beneficially-reused by MMI, for recycling and manufacturing of lumber and organic mulch. We package our products and sell them to retailers, wholesalers, landscapers, and garden centers nationwide. The diagram also includes soil products that we expect to begin manufacturing and selling in 2023.

In addition, the Company plans to produce a soil amendment product, HumiSoil® and XLR8® Bio pursuant to a restricted sublicense agreement it entered into with the soil technology company, VRM Global Holdings Pty Ltd, and its wholly owned subsidiary VRM International PTY LTD. See Item 1. Business – Corporate History. Humisoil® & XLR8® BIO technology uses any vegetative green waste or compostable material, including wood material such as sawdust or chips or grindings from wood material, and applies a catalyst to stimulate natural reactions that manufactures and stores soil moisture. The 100% organic material is converted into HumiSoil®, a valuable soil amendment, reducing the need for fertilizers and chemicals while increasing production of agricultural products, including livestock grazing on pastureland*.*

**Results of Operations**

***For the Three and Nine Months Ended October 1, 2022 Compared to the Three and Nine Months Ended October 2, 2021***

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **October 1, 2022** | **October 2, 2021** | **October 1, 2022** | **October 2, 2021** |
| Net Revenue | $6425129 | $4898300 | $28978933 | $25887652 |
| Cost of revenue | 2169231 | 5464077 | 23410731 | 24556926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total gross profit | 4255898 | (565777) | 5568202 | 1330726 |
| Operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 1950764 | 1238412 | 4522391 | 3461715 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 5640 | 8620 | 16920 | 23220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1956404 | 1247032 | 4539311 | 3484935 |
| Income (loss) from operations | 2299494 | (1812809) | 1028891 | (2154209) |
| Other income (expense) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | (882284) | 194130 | (1805606) | (291455) |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain (loss) |  | (198296) | 598300 | (198296) |
| &nbsp;&nbsp;&nbsp;Debt Forgiveness |  | 154928 | 1236080 | 1613128 |
| &nbsp;&nbsp;&nbsp;Gain on sale of fixed assets | (90) |  | 16833 |  |
| &nbsp;&nbsp;&nbsp;Other income (loss), net | 14486 | (3912) | 138755 | (3959) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense | (867889) | 146850 | 184362 | 1119418 |
| Income before provision for income taxes | 1431606 | (1665959) | 1213253 | (1034791) |
| Provision for income taxes | 201980 | (325496) | 223948 | (286840) |
| Net Income (loss) | $1229626 | $(1340463) | $989305 | $(747951) |

---

The sum of the components may not equal due to rounding.

***Net Revenues***

Net Revenues for three and nine months ended October 1, 2022 were $6,425,129 and $28,978,933, respectively, an increase of 31.2% and 11.9% from net sales of $4,898,300 and $25,887,652 for three and nine months ended October 2, 2021. The increase of net revenues was primarily attributable to an increase in volume over the three and nine months ended October 2, 2021, due to the expansion of our customer base.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Disaggregated Net Revenues** | **October 1, 2022** | **October 2, 2021** | **October 1, 2022** | **October 2, 2021** |
| Landscaping Recovery Services | $1215721 | $1078878 | $3318751 | $2655425 |
| Manufacturing and Sales of Mulch | $5209408 | $3819422 | $25660182 | $23232227 |
| Total | $6425129 | $4898300 | $28978933 | $25887652 |

---

***Costs of Revenues***

Cost of revenues for three and nine months ended October 1, 2022 were $2,169,231 and $23,410,731, respectively, a decrease of 60.3% and 4.7% from cost of revenues of $5,464,077 and $24,556,926 for three and nine months ended October 2, 2021. The decrease in the cost of revenues was primarily driven by an inventory revaluation, which was only partially offset by higher material costs, higher transportation and warehousing costs, higher overhead costs, including gas, oil and parts maintenance, and higher sales volume.

Cost of revenues as a percentage of Net Revenues for the three months ended October 1, 2022 was approximately 34% primarily due to the inventory revaluation versus a standard percentage of approximately 90%. Rising fuel and labor costs and the residual effects of the pandemic have negatively impacted our cost of materials, delivery costs and overhead. The Company sells its products on a delivered price basis which includes the cost of freight. When the Company set its 2022 pricing in the fall of 2021, it did not anticipate the continued dramatic increase in freight delivery costs, and the sometimes unavailability, of freight delivery services. The Company initiated freight surcharges for our deliveries and implemented general price increases of, on average across all product lines, 4% to partially offset these cost increases.

***Gross Profit***

As a percentage of Net Revenues, our gross profit rate was 66.2% and (11.6)% for the three months ended October 1, 2022 and October 2, 2021, respectively. As a percentage of Net Revenues, our gross profit rate was 19.2% and 5.1% for the nine months ended October 1, 2022 and October 2, 2021, respectively.

The increase in gross profit rate for the three and nine months ended October 1, 2022 as compared to the three and nine months ended October 2, 2021 was primarily driven by the inventory revaluation, higher volume and increased pricing for all our products while only partially offset by higher material costs, transportation and warehousing costs, and overhead costs, including gas, oil and parts maintenance

***General and Administrative Expenses***

General and administrative expenses increased by $712,352 or 57.5%, during the three months ended October 1, 2022 compared to the three months ended October 2, 2021. The increase can be attributed primarily to an increase in office and sales personnel as we expand our operations.

General and administrative expenses increased by $1,060,676 or 30.6%, during the nine months ended October 1, 2022 compared to the nine months ended October 2, 2021. The increase can be attributed primarily to an increase in office and sales personnel as we expand our operations. In response to the COVID-19 pandemic, we implemented measures intended to protect the health and safety of our employees and maintain our ability to provide products to our customers as described in additional detail above under "COVID-19 Response and Impacts." During the nine months ended October 1, 2022 and October 2, 2021, we incurred minimal additional costs related to purchases of personal protection equipment.

***Marketing Expenses***

Advertising and marketing expenses were $77,446 and $191,369 for the three and nine months ended October 1, 2022, respectively, and $102,647 and $212,973 for the three and nine months ended October 2, 2021, respectively. The company continues its effort to market its arbor services as well as its mulch, colorant and lumber product sales.

***Interest Expense, net***

Interest expense, net was $882,284 for the three months ended October 1, 2022, an increase of 554.5% compared to Interest income of $194,130 for the three months ended October 2, 2021. The increase was driven by higher average borrowings due to the purchase of capital expenditures.

Interest expense, net was $1,805,606 for the nine months ended October 1, 2022, an increase of 519.5% compared to $291,455 for the nine months ended October 2, 2021. The increase was driven by higher average borrowings due to the purchase of capital expenditures.

***Bargain Purchase Gain (Loss) and Gain on Sale of Fixed Asset***

***Bargain Purchase Gain (Loss)***

The Company had several bulk sawmill equipment purchases during the nine months ended October 1, 2022, that are included in Property and Equipment in the Condensed Consolidated Balance Sheet. The first one was for equipment in the Beaver, Washington facility for $815,000 paid for by debt. The second bulk sawmill equipment purchase was for the facility in Jasper, Florida for $515,000 paid for by debt. The combined equipment was appraised at $1,938,300. The $598,300 difference between the equipment's appraised value and its purchase price was recognized as a bargain purchase gain.

In conjunction with the Mulch Acquisition on January 31, 2020, and as previously disclosed in Note 6 of the quarterly report filed with the OTC markets on November 18, 2022, the Company was provided benefit use of certain parcels of real property / facilities owned by Spencer for a period of two years which had a land value of $10,650,000. The annual rent expense was determined to be 4% of the property value or $426,000 annually. At time of the Mulch acquisition, the Company did not record the fair market value of "free rent" as part of the acquisition gain, nor did it record rent expense from January 20, 2020 through August 16, 2021. The Net Present Value of "free rent" at the time of the acquisition was $817,503 (using a 10% discount rate). On August 16, 2021, the Company purchased said property. As a result of the transaction, for the three and nine months ended October 2, 2021, the Company recognized a bargain purchase loss in the amount of $198,296.

***Gain on Sale of Fixed Asset***

The Company sold an automobile in January 2022 for approximately $44,223. recognizing a gain on sale of fixed asset of $16,923 in the nine months ended October 1, 2022. The original cost of the vehicle was $39,000 less accumulated depreciation of $11,700 for a net book value of $27,300.

***Debt Forgiveness***

For the nine months ended October 1, 2022 and October 2, 2021, the Company recognized $1,236,080 and $1,613,128, respectively, as other income related to debt forgiveness as part of the Paycheck Protection Program (PPP). Under the PPP, to the extent the Company uses the loan proceeds on qualifying disbursements, these loans would be forgiven.

***Income (Loss) from Continuing Operations***

Income (loss) from continuing operations was $1,229,626 for the three months ended October 1, 2022, an increase of 192% compared to $(1,340,463) for the three months ended October 2, 2021; and was $989,305 for the nine months ended October 1, 2022, an increase of 130% compared to $(747,951) for the nine months ended October 2, 2021. For the three and nine months ended October 1, 2022, the increase was driven by an increase in gross profit rate, while only partially offset by an increase in interest expense.

***Year Ended January 1, 2022 Compared to Year Ended January 2, 2021***

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| | | |
|:---|:---|:---|
|  | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **January 1, 2022** | **January 2, 2021** |
| Net Revenue | $32368984 | $30584291 |
| Cost of revenue | 31482519 | 27813403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total gross profit | 886465 | 2770888 |
| Operating expenses |  |  |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 5033382 | 3902262 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 31581 | 377489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 5064963 | 4279751 |
| Income (loss) from operations | (4178498) | (1508863) |
| Other income (expense) |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | (508034) | (1044941) |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain | 7123084 | 8306088 |
| &nbsp;&nbsp;&nbsp;Debt Forgiveness | 1613128 |  |
| &nbsp;&nbsp;&nbsp;Other income, net | 26979 | 114518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense | 8255157 | 7375665 |
| Income before provision for income taxes | 4076659 | 5866803 |
| Provision for income taxes | (716002) | (169191) |
| Net Income | $4792661 | $6035994 |

---

The sum of the components may not equal due to rounding.

For the year ended January 1, 2022, the Company had a net income from continuing operations before income taxes of approximately $4,076,659 compared to income from continuing operations before income taxes of approximately $5,866,803 for the year ended January 2, 2021. This change is due to a number of factors discussed below. The January 2, 2021 results include a $8,306,088 gain on the bargain purchase of Mulch Manufacturing.

***Net Revenues***

Net Revenues for fiscal 2021 were $32,368,984, an increase of 5.8% from net revenues of $30,584,291 for fiscal 2020. The increase of net revenues was primarily attributable to an increase in volume over fiscal 2020 due to the expansion of our customer base, particularly in the last quarter of 2021. In addition, revenues in fiscal year 2020 were negatively impacted by the COVID pandemic and disruption to mulch operations due to its acquisition by the Company.

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| | | |
|:---|:---|:---|
|  | **Twelve Months Ended** | **Twelve Months Ended** |
| Disaggregated Net Revenues | **January 1, 2022** | **January 2, 2021** |
| Landscaping Recovery Services | $3430464 | $3227218 |
| Manufacturing and Sales of Mulch | 28938520 | 27357073 |
| Total Net Revenues | $32368984 | $30584291 |

---

We are a smaller reporting company, as defined by 17 CFR § 229.10(f)(1). We do not consider the impact of inflation and changing prices as having a material effect on our net revenues and on income from operations for the previous two years or from continuing operations going forward.

***Costs of Revenues***

Cost of revenues for fiscal 2021 were $31,482,519, an increase of 13.2% from cost of revenues of $27,813,403 for fiscal 2020. Costs of revenues include the costs of manufacturing, packaging, warehousing and shipping of products. The pandemic impacted our business in 2021, primarily related to increased delivery costs. The Company sells its products on a delivered price basis which includes the cost of freight. When the Company set its 2021 pricing in the fall of 2020, it did not anticipate the dramatic increase in freight delivery costs, and the sometimes unavailability, of freight delivery services, that happened in 2021. The Company realized increased delivery costs in 2021 over 2020 of approximately $1,400,000, of which, the Company attributes approximately $800,000 to COVID-19. Although we initiated freight surcharges for our deliveries, this action was not soon enough, nor accepted in time, to avoid the reduction in our profit margins and generated the net loss from operations in 2021.

***Gross Profit***

As a percentage of Net Revenues, our gross profit rate was 2.7% and 9.1% for fiscal 2021 and 2020, respectively. The primary driver in the reduced gross profit rate in 2021 was due to the increase in delivery costs over 2020. Delivery costs as a percentage of Net Revenues increased to 21.3% from 17.0% in 2021 and 2020, respectively.

***General and Administrative Expenses***

General and administrative expenses increased by $1,131,120 for the year ended January 1, 2022 compared to the year ended January 2, 2021. The increase can be attributed primarily to an increase in office and sales personnel as we expand our operations. In response to the COVID-19 pandemic, we implemented measures intended to protect the health and safety of our employees and maintain our ability to provide products to our customers as described in additional detail above under "COVID-19 Response and Impacts." During fiscal 2021 and 2020, we incurred minimal additional costs related to purchases of personal protection equipment.

***Marketing Expenses***

Marketing expenses were approximately $303,000 and $305,000 for the twelve months ended January 1, 2022 and January 2, 2021, respectively. The company continues its effort to market its arbor services as well as its mulch, colorant and lumber product sales.

***Bargain Purchase Gain and Debt Forgiveness***

***Bargain Purchase Gain***

The Company had several bulk sawmill equipment purchases on December 31, 2021, that are included in Property and Equipment in the Consolidated Balance Sheet. The first one was for 400,000 shares of common stock, valued at $3,696,000, for equipment in Beaver, Washington, appraised for $8,570,600. The $4,874,600 difference between the 400,000 shares closing at $9.24 per share on the date of the transaction resulted in the recognition of a bargain purchase gain.

The second bulk sawmill equipment purchase was for a facility in Jasper, Florida, which was appraised for $9,798,550. The $7,550,066 purchase price was paid for by cash and debt. The $2,248,484 difference between the equipment's appraised value and its purchase price was recognized as a bargain purchase gain.

***Debt Forgiveness***

As of January 1, 2022, an aggregate amount of $1,613,128 of the Paycheck Protection Program (PPP) loans outstanding as of January 2, 2021 met the qualifications and were forgiven. The loan forgiveness was recognized as other income in fiscal year 2021, which is reflected in the reported net income. Under the PPP, to the extent the Company uses the loan proceeds on qualifying disbursements, these loans may be forgiven. Although the Company believes that the majority of the proceeds under the remaining loan of $1,236,080 has been spent on qualifying expenditures, it has not recorded any gain on forgiveness of this indebtedness for the year ended January 1, 2022.

**Liquidity and Capital Resources**

The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates the continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

***Nine Months Ended October 1, 2022 and October 2, 2021***

The following table summarizes cash activities for the nine months ended October 1, 2022 and October 2, 2021:

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| | | |
|:---|:---|:---|
|  | **October 1, 2022** | **October 2, 2021** |
| Net cash from (used in) operating activities | $(1158506) | $2221978 |
| Net cash from (used in) investing activities | 3043477 | (1146750) |
| Net cash provided by (used in) financing activities | (2630652) | (655088) |

---

The Company generated net Income (loss) from operations for the nine months ended October 1, 2022 and October 2, 2021, of $989,305 and $(747,951), respectively. As of October 1, 2022 and October 2, 2021, the Company had current assets of $18,451,173 and $14,498,086, which included cash and money market funds of $42,613 and $916,427, accounts receivable of $2,048,171 and $1,922,806, inventory of $14,015,714 and $7,764,562 and prepaid expenses of $2,344,675 and $894,393, respectively. Total current liabilities were $13,134,729 and $3,059,336, respectively, as of October 1, 2022 and October 2, 2021.

***Operating Activities***

Cash used in operating activities totaled $1,158,506 for the nine months ended October 1, 2022, a decrease of $3,370,484 as compared to cash provided by operating activities of $2,211,978 for nine months ended October 2, 2021. This decrease was driven by higher inventory, prepaid expenses and other current assets, while partially offset by an increase in accounts receivable, notes payable, and accounts payable and accrued expenses. Prepaid expenses increase was primarily related to an increase in deferred tax assets and stock issuance costs. The notes payable increase was primarily due to loans associated with equipment purchases. The accounts payable and accrued expenses increase was due primarily to timing of payments.

***Investing Activities***

Cash from investing activities totaled $3,043,477 for nine months ended October 1, 2022 as compared to cash used in investing activities of $(1,146,750) for nine months ended October 2, 2021. The increase was driven by a sale/leaseback of certain property plant and equipment into a Right of Use asset of $7,422,659, which was only partially offset by purchases of property and equipment of $4,405,777.

***Financing Activities***

Cash used in financing activities totaled $2,630,652 for nine months ended October 1, 2022, an increase of $1,975,564 as compared to cash used in financing activities of $655,088 for nine months ended October 2, 2021. The increase was driven by net payments under the factoring facility of $2,129,369, proceeds from Notes payable of $4,325,720, more than offset by payments on notes payable of $4,408,986 and an increase in principal payment on leases of $125,429. The Company also had stock subscriptions of $2,800,000 partially offset by stock redemptions of $2,437,500.

During the nine months ended October 1, 2022 and October 2, 2021, the Company met its capital requirements primarily through external financing, the sale of restricted common stock and the issuance of promissory notes.

***Year Ended January 1, 2022 and Year Ended January 2, 2021***

The following table summarizes cash activities for the years ended January 1, 2022 and January 2, 2021:

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| | | |
|:---|:---|:---|
|  | **2021** | **2020** |
| Net cash provided by operating activities | $2422498 | $1726450 |
| Net cash provided by (used in) investing activities | (928576) | 2018136 |
| Net cash provided by (used in) financing activities | (1211967) | (3270387) |

---

The Company generated net income from operations for the years ended January 1, 2022 and January 2, 2021, of $4,792,661 and $6,035,994, respectively. As of January 1, 2022 and January 2, 2021, the Company had current assets of $12,418,509 and $15,374,611, which included cash and money market funds of $788,294 and $3,307,550, accounts receivable of $2,538,626 and $1,631,921, inventory of $7,588,085 and $9,806,776 and prepaid expenses of $1,503,504 and $628,364, respectively. Total current liabilities were $7,407,423 and $6,286,635, respectively, as of January 1, 2022 and January 2, 2021.

***Operating Activities***

Cash provided by operating activities totaled $2,422,498 for fiscal 2021, an increase of $696,048 as compared to $1,726,450 for fiscal 2020. This increase was driven by reduced inventories and increased accounts payable and accrued expenses, partially offset by reduced note payables associated with our PPP loans and increases in accounts receivable. Inventory reduction was driven by continued clean up and sale of older inventory. Accounts payable and accrued expenses increase was primarily related to the acquisition of our Jasper sawmill and associated assumption of debt. The company recognized a gain on PPP debt forgiveness, thereby eliminating a portion of our notes payable. Increase in accounts receivable primarily attributed to increased end of year sales in fiscal 2021 versus fiscal 2020.

***Investing Activities***

Cash used in investing activities totaled $928,576 for fiscal 2021 as compared to cash provided by investing activities of $2,018,136 for fiscal 2020. Redemptions of our short-term investments of $2,801,210 were utilized to fund investments in property and equipment.

***Financing Activities***

Cash used in financing activities totaled $1,211,967 for fiscal 2021, a decrease of $2,058,420 as compared to $3,270,387 for fiscal 2020. The decrease was primarily attributed to 2020 proceeds from notes payable.

During the years ended January 1, 2022 and January 2, 2021, the Company met its capital requirements primarily through external financing, the sale of restricted common stock and the issuance of promissory notes.

**Contractual Obligations**

For the period ended October 1, 2022 , the Company had $42,561 in cash or $745,681 less than it had on January 1, 2022, accounts payable and accrued expenses of $3,954,391 or $1,282,615 more than on January 1, 2022, short and long term lease and note liabilities of $34,993,225 for October 1, 2022 an increase of $12,025,351 than it had on the period ended January 1, 2022, and stockholders' equity of $36,658,442 and $41,265,502 for the periods ended October 1, 2022 and January 1, 2022, respectively.

***Operating and Finance Leases***

We have multiple long-term operating and finance lease obligations related to the right of use (ROU) of equipment in our business. The equipment ROU is an asset amortizing over either the asset's estimated useful life for a finance lease or over the lease term for an operating lease. The original balance is based on the discounted lease payments using a 4% or 10% discount rate for MMI or NSR LLC, respectively. This discount rate is determined based on the entity's incremental borrowing rate. As of October 1, 2022 and January 1, 2022, the cumulative balance on these ROU assets was $8,133,862 and $977,355, respectively.

There is also a liability associated with the right to use these assets under a lease. This liability is initially equal to the ROU asset, the discounted future lease payments. This liability is amortized based on the discount rate used in setting the initial balance with each lease payment. A portion of each lease payment therefore represents interest and the rest is principal applied against this liability. As of October 1, 2022, and January 1, 2022, the cumulative balances on these lease related liabilities was $8,148,596 and $1,000,792, respectively. The portion of these liabilities that are due to be paid within the next 12 months is included in the Company's current liabilities. As of October 1, 2022, and January 1, 2022, the current portion of these lease liabilities was $2,971,083 and $249,186, respectively.

***Short-term Debt Obligations***

The Company has issued a promissory note to an investment company on March 15, 2022. The principal payment of $2,000,000 less a 1.0% origination fee ($20,000) equaling the amount of $1,980,000.00 was received by the Company to fund Working Capital requirements. The Company plans to repay the sum of $2,500,000.18, including interest, in forty six (46) weekly payments commencing May 2, 2022, each in the amount of $54,347.83. The Company paid this promissory note in full in August 2022.

***Long-term Debt Obligations***

The Company has issued a number of promissory notes financing vehicle and equipment purchases and are secured by these assets. Interest rates on these notes range from 0.0% up to 12.0% with monthly payments of principal plus interest and maturities ranging from October 2022 to August 2028. As of October 1, 2022 and January 1, 2022, the total balance on these notes were $11,118,431 and $4,582,897, respectively.

The Company also had a Paycheck Protection Plan note outstanding as of January 1, 2022 in an amount of $1,236,080. The note was eligible for forgiveness of both the 1.0% interest they bear and principal provided their funds were used for qualifying purposes. On July 2, 2022, $1,236,080 of the PPP loan outstanding as of January 1, 2022 met the qualifications and were forgiven. The Company has recorded the gain on forgiveness of this indebtedness for the period ended October 1, 2022.

There is also an outstanding promissory note issued for the acquisition of a tree service business in September 2018. It bears interest at 5.0% and requires monthly payments of $5,000, with a $100,000 balloon due in November 2023. The balance on this note as of October 1, 2022, and January 1, 2022, was $153,143 and $195,779, respectively.

The Company issued a $10,650,000 note for the purchase of real estate parcels in Florida and Georgia in August 2021. This note is secured by the real estate and bears interest at 6.0%. Monthly payments of $76,300 commenced in October 2021 with a $9,819,606 balloon payment due in September of 2024. As of October 1, 2022 and January 1, 2022 the balance on this note was $10,365,666 and $10,580,504, respectively. On December 13, 2022, the Company increased the principal amount of this note to $11,500,000 which will be amortized over a period of 20 years with a balloon payment of all remaining amounts of principal and interest due five years from the date of increase. See Item 8 – Legal Proceedings - Ralph Spencer Litigation - Second Complaint. In addition, the real estate located in Jacksonville Florida will be released from the mortgage securing this obligation.

Cumulatively, the balance on these notes as of October 1, 2022 and January 1, 2022, were $26,884,629 and $21,967,082, respectively. The principal due within the next twelve months on these notes as of October 1, 2022 and January 1, 2022, was $7,311,207 and $4,486,461, respectively.

***Commitments***

Pursuant to the Spencer Settlement Agreement, the Company agreed to pay Spencer a total of $15,000,000 in exchange for the redemption of 40,000,000 shares of our common stock owned by Spencer and any and all ownership interests in which he may have or claim (the "Redemption Payment"). The Redemption Payment is to be paid to Spencer according to the following schedule: (i) $3,300,000 on October 15, 2021 in exchange for 8,797,800 shares of common stock; and (ii) twenty-four (24) payments of $487,500 on the 15<sup>th</sup> of each month, commencing November 15, 2021, each for 1,300,091.67 common stock shares. On December 13, 2022, the Company agreed with Spencer to redeem 22,101,556 shares of the Company's common stock he owns in exchange for a payment of $1,000,000 subject to Spencer's completion of certain conditions provided for in the December 2022 Spencer Settlement Agreement. On December 27, 2022 these conditions were fulfilled and the Company completed the redemption of the 22,101,556 shares of common stock. See Item 8 – Legal Proceedings - Ralph Spencer Litigation - Second Complaint.

***Receivables Facility***

The Company entered into an accounts receivable factoring arrangement with a financial institution (the "Factor") on March 2, 2022. Pursuant to the terms of the arrangement, the Company may transfer a portion of its receivables to the Factor, on a recourse basis. The eligible accounts receivable consists of accounts receivable generated by sales to certain customers. The eligible amount of customer accounts receivables which may be transferred under the Receivables Facility is $5,000,000. The Receivables Facility was terminated in August 2022.

**Availability and Use of Cash**

Our short term liquidity requirements consist primarily of operating expenses and principal and interest payments on outstanding debt and the capital costs to complete production of pine bark and marketable lumber at the Jasper mill. Other than our planned capital expenditures at the Jasper mill, we believe that our available cash, marketable securities and cash from operations will be sufficient to satisfy our liquidity requirements for at least the next 12 months, including our contractual and other obligations summarized below under "Material Cash Requirements" section. Our long-term liquidity needs consist primarily of operating expenses, including expected increases in SG&A and funds necessary to pay for the interest and principal payment on outstanding debt. Our liquidity assumptions may prove to be incorrect, and we could utilize our available financial resources sooner than we currently expect.

Therefore, we may need to incur additional indebtedness or issue additional equity to meet our operating needs and planned capital expenditures at the Jasper mill. In the event that additional financing is required from outside sources, we may not be able to raise it on terms acceptable to us or at all. If we are unable to raise additional capital or generate cash flows necessary to expand our operations and invest in developing our new technologies, this could reduce our ability to compete successfully and harm our business, growth and results of operations. While we believe we will meet longer-term expected future cash requirements and obligations through a combination of our existing cash and cash equivalent balances, cash flow from operations, and issuances of equity securities or debt offerings, our future capital requirements and the adequacy of available funds will depend on many factors, including those set forth in the section titled "*Risk Factors*."

Our future capital requirements will depend on many factors, including:

● the degree and rate of market adoption of our products

● the emergence of new competing technologies and products;

● the costs of R&D activities we undertake to develop and expand our products;

● the costs of commercialization activities, including sales, marketing and manufacturing;

● the level of working capital required to support our growth; and

● our need for additional personnel, technology or other operating infrastructure to support our growth and operations as a public company.

**Material Cash Requirements**

The following table provides a summary of our material cash requirements from known contractual and other anticipated obligations as of October 1, 2022:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| ***(in thousands)*** | **2022** | **2023** | **2024** | **2025** | **2026** | **Thereafter** | **Total** |
| Debt obligations - principal (1) | $1684786 | $5488189 | $13967465 | $3225297 | $1509302 | $969591 | $26844630 |
| Debt obligations - interest payments (1) | 498606 | 1300808 | 904751 | 277392 | 3676 | 1041 | 2986273 |
| Future minimum lease payments (2) | 1172720 | 3532237 | 3498661 | 579459 | 106553 | 220235 | 9109865 |
| Contractual obligations (3) | 3600000 | 4100000 | 500000 |  |  |  | 8200000 |
| Anticipated capital expenditures (4) | 500000 | 14500000 | 3000000 | - | - | - | 18000000 |
|  | $7456112 | $28921234 | $21870877 | $4082147 | $1619530 | $1190868 | $65140768 |

---

*(1) Payment obligations related to the outstanding debt. The interest payments were projected using amortization schedules as of October 1, 2022. See Note 9 "Notes Payable" for additional details.*

*(2) Contractual obligations related to the minimum lease payments and interest on our finance and operating leases. See Note 11 "Leases" for additional details.*

*(3) Contractual obligations related to the VRM licensing agreements.*

*(4) Anticipated capital expenditures to (i) produce pine bark and marketable lumber at our Jasper mill, (ii) install equipment for producing soil products at our Jacksonville facility, (iii) bring our Beaver mill online, and (iv) purchase and install equipment for our Arborcare, mulch and soil operations.*

**Off-balance sheet financing arrangements**

We have no obligations, assets or liabilities which would be considered off-balance sheet arrangements. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

**Critical Accounting Policies**

<u>Basis of Presentation</u>

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The summary of significant accounting policies presented below is designed to assist in understanding the Company's consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of Company's management, who is responsible for their integrity and objectivity.

<u>Principles of Consolidation</u>

These consolidated financial statements include the accounts of the Company and wholly owned subsidiaries MMI and NSR LLC. Intercompany accounts and transactions have been eliminated upon consolidation.

<u>Use of Estimates</u>

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, equity-based transactions, revenue and expenses and disclosure of contingent liabilities at the date of the consolidated financial statements. The Company bases its estimates and assumptions on historical experience, known or expected trends and various other assumptions that it believes to be reasonable. As future events and their effects cannot be determined with precision, actual results could differ from these estimates which may cause the Company's future results to be affected.

<u>Revenue</u>

The Company accounts for revenue in accordance with Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers, which was adopted beginning on October 1, 2017, as the Company did not have significant revenues prior to that time. The Company did not record a retrospective adjustment but opted for full retrospective method for all contracts.

The Company recognizes revenue when our performance obligation is satisfied. Our primary performance obligation (the performance of landscape recovery services) is satisfied upon the completion of the landscape services for, or delivery of our products to, our customers. Our products and services are provided for cash or on credit terms. Our credit terms, which are established in accordance with local and industry practices, generally require payment within 30 days of performance. The Company estimates and reserves for our bad debt exposure based on our experience with past due accounts and collectability, the aging of accounts receivable and our analysis of customer data.

<u>Practical Expedients</u>

As part of ASC 606, the Company has adopted several practical expedients including the Company has determined that it need not adjust the promised amount of consideration for the effects of a significant financing component since the Company expects, at contract inception, that the period between when the Company transfers a promised service to the customer and when the customer pays for that service will be one year or less.

<u>Contract Modifications</u>

There were no contract modifications during the nine months ended October 1, 2022 and year ended January 1, 2022. Contract modifications are not routine in the performance of the Company's contracts.

<u>Cash</u>

The Company considers all highly liquid investments with maturities of nine months or less at the time of purchase to be cash equivalents. There are no cash equivalents as of October 1, 2022 and January 1, 2022.

<u>Accounts Receivable</u>

The Company periodically assesses its accounts receivable for collectability on a specific identification basis. If collectability of an account becomes unlikely, an allowance is recorded for that doubtful account. The Company has recorded an allowance for doubtful accounts of $60,000 as of October 1, 2022 and January 1, 2022.

<u>Property and Equipment</u>

Property and equipment are recorded at cost. Expenditures that enhance the useful lives of the assets are capitalized and depreciated. Machinery, equipment and vehicles are generally depreciated on a straight-line basis over 5 to 10 years.

Maintenance and repairs are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in other income.

<u>Impairment of Long-Lived Assets</u>

The Company reviews long-lived assets, including definite-lived intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets.

The Company records Its intangible assets at cost in accordance with Accounting Standards Codification ("ASC") 350, Intangibles – Goodwill and Other. Finite lived intangible assets are amortized over their estimated useful life using the straight-line method, which is determined by identifying the period over which the cash flows from the asset are expected to be generated. Goodwill represents the excess of the purchase price of the acquired business over the estimated fair value of the identifiable net assets acquired. Goodwill is not amortized but is tested for impairment at least annually at year end, at the reporting unit level or more frequently if events or changes in circumstances indicate that the asset might be impaired. Goodwill is tested for impairment at the reporting level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the reporting unit does not pass the qualitative assessment, then the reporting unit's carrying value is compared to its fair value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value. The discounted cash flow approach uses expected future operating results. Failure to achieve these expected results may cause a future impairment of goodwill at the reporting unit. During the nine months ended October 1, 2022 and October 2, 2021, the Company did not record a loss on impairment. For the twelve months ended January 1, 2022, the Company did not record a loss on impairment. For the twelve months ended January 2, 2021, a $317,500 loss on the impairment of a supply contract was identified.

<u>Advertising and Marketing Costs</u>

The Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $77,446 and $191,369 for the three and nine months ended October 1, 2022, respectively, and $102,647 and $212,973 for the three and nine months ended October 2, 2021, respectively, and are recorded in selling, general and administrative expenses on the statement of operations.

<u>Fair Value Measurements</u>

As defined in ASC 820, "Fair Value Measurements and Disclosures," fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement framework applies at both initial and subsequent measurement.

<u>Fair Value of Financial Instruments</u>

The carrying value of cash, accounts receivable, other receivables, accounts payable and accrued expenses, payroll liabilities, and advances approximate their fair values based on the short-term maturity of these instruments. The carrying number of notes and convertible promissory notes approximates the estimated fair value for these financial instruments as management believes that such notes constitute substantially all of the Company's debt and interest payable on the notes approximates the Company's incremental borrowing rate.

<u>Net Income (Loss) per Common Share</u>

Basic net loss per common share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share includes the effect of Common Stock equivalents (stock options, unvested restricted stock, and warrants) when, under either the treasury or if-converted method, such inclusion in the computation would be dilutive.

The following table summarizes the securities that were excluded from the diluted per share calculation:

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| | | |
|:---|:---|:---|
|  | **Nine months Ended** | **Nine months Ended** |
|  | **October 1, 2022** | **October 2, 2021** |
| Convertible notes | -0- | -0- |
| Warrants | -0- | -0- |
| Total | -0- | -0- |

---

<u>Inventory</u>

Inventory is stated at the lower of cost (computed on a first-in, first-out) or net realizable value. The cost of finished goods includes the cost of raw material, direct and indirect labor, and other indirect manufacturing costs.

<u>Stock-Based Compensation</u>

The Company applies the provisions of ASC 718, Compensation—Stock Compensation ("ASC 718"), which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, including employee stock options and warrants, in the statements of operations.

For stock options and warrants issued to employees and members of the board of directors for their services, the Company estimates the grant date fair value of each option using the Black-Scholes option pricing model. The use of the Black-Scholes option pricing model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the Common Stock consistent with the expected life of the option, risk-free interest rates and expected dividend yields of the Common Stock. For awards subject to service-based vesting conditions, including those with a graded vesting schedule, the Company recognizes stock-based compensation expense equal to the grant date fair value of stock options on a straight-line basis over the requisite service period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being estimated at the time of grant and revised.

Pursuant to ASU 2018-07 Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting, the Company accounts for stock options and warrants issued to non-employees for their services in accordance ASC 718. The Company uses valuation methods and assumptions to value the stock options that are in line with the process for valuing employee stock options noted above.

<u>Income Taxes</u>

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company utilizes ASC 740, "Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is "more likely-than-not" that a deferred tax assets will not be realized.

For uncertain tax positions that meet a "more likely than not" threshold, the Company recognizes the benefit of uncertain tax positions in the consolidated financial statements. The Company's practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense in the consolidated statements of operations.

**Recent Accounting Pronouncements**

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard was effective for the Company's interim and annual periods beginning January 1, 2019, and was applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of ASU 2016–- 02 had a material impact on the Company's consolidated financial statements and related disclosures.

On August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments". The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 is effective for the Company beginning in the first quarter of 2020. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 did not have any impact on the Company's consolidated financial statements and related disclosures.

On January 2017, FASB issued Accounting Standards Update (ASU) 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminated the calculation of implied goodwill fair value. Instead, companies will record an impairment charge based on the excess of a reporting unit's carrying amount of goodwill over its fair value. This guidance simplifies the accounting as compared to prior GAAP. The guidance is effective for fiscal years beginning after December 15, 2019. The Company does not expect the implementation of this new pronouncement to have a material impact on its consolidated financial statements.

On May 10, 2017, the FASB issued ASU 2017-09 "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting", which provides guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The guidance is effective prospectively for all companies for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The adoption of ASU 2017-09 did not have any impact on the Company's consolidated financial statements and related disclosures.

In December 2019, the FASB issued ASU 2019-12, simplifying the Accounting for Income Taxes (Topic 740) as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. This guidance is effective for interim and annual reporting periods beginning within 2021.

All other newly issued but not yet effective accounting pronouncements have been deemed to be not applicable or immaterial to the Company.

**ITEM 3. PROPERTIES**

See "Description of the Business – Facilities" which is incorporated herein by this reference.

**ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

As of January 5, 2023, we had 74,881,742 shares of common stock issued and outstanding. The following table sets forth the beneficial ownership of our common stock as of the date of this registration statement on Form 10 for (i) each member of our board of directors, (ii) each named executive officer (as defined below), (iii) each person known to us to be the beneficial owner of more than 5% of our securities and (iv) the members of our board of directors and our executive officers as a group. Beneficial ownership is determined according to the rules of the SEC. Generally, a person has beneficial ownership of a security if the person possesses sole or shared voting or investment power of that security, including any securities that a person has the right to acquire beneficial ownership within 60 days. Information with respect to beneficial owners of more than 5% of our securities is based on completed questionnaires and related information provided by such beneficial owners as of the date of this registration statement on Form 10. Except as indicated, all shares of our securities will be owned directly, and the person or entity listed as the beneficial owner has sole voting and investment power. The address for each director and executive officer is c/o The Sustainable Green Team, Ltd., 24200 CR-561, Astatula, FL 34705.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | **Series A Preferred Stock** | **Series A Preferred Stock** | **Total** | **Total** | **Voting** |
| **Name, Position and Address of Beneficial Owner** | **No. Beneficially Owned** | **% of Common Stock**<sup>(1)</sup>** | **No. Beneficially Owned** | **% of Series A Preferred Shares**<sup>(1)</sup>** | **Total No. of Capital Stock Owned** | **% of Total Capital Stock** | **% of Voting Capital Stock** |
| **Directors and Executive Officers** |  |  |  |  |  |  |  |
| Anthony J. Raynor<sup>(2)</sup> | 38524500 | 51.5% | 90 | 100% | 38524590 | 51.5% | 98.9% |
| Brian Meier | 500 | \* % |  |  | 500 | \* | \* |
| J. Scott Siefker<sup>(3)</sup> | 25500 | \* % |  |  | 25500 | \* | \* |
| Bradford D. Baker |  |  |  |  |  |  |  |
| Colleen McAleer |  |  |  |  |  |  |  |
| Ned L. Siegel |  |  |  |  |  |  |  |
| All directors and officers as a group (3 persons) | 38550500 | 51.5% | 90 | 100% | 38550590 | 51.5% | 98.9% |
| **Five Percent Shareholders:** |  |  |  |  |  |  |  |
| John Spencer<sup>(4)</sup> | 6000000 | 8.0% |  |  | 6000000 | 8.0% | \* |
| Leslie Schultz | 5000000 | 6.7% |  |  | 5000000 | 6.7% | \* |
| Thistle Investments<sup>(5)</sup> | 3860000 | 5.2% |  |  | 3860000 | 5.2% | \* |
| VRM Global Holdings Pty Ltd<sup>(6)</sup> | 6500000 | 8.7% |  |  | 6500000 | 8.7% | \* |

---

Notes:

\* less than 1%.

(1) The percentages in the table have been calculated on the basis of treating as outstanding for a particular person, all shares of our capital stock outstanding on January 5, 2023. On January 5, 2023, there were 74,881,742 shares of our common stock outstanding. To calculate a stockholder's percentage of beneficial ownership, we include in the numerator and denominator the common stock outstanding and all shares of our common stock issuable to that person in the event of the exercise of outstanding options and other derivative securities owned by that person which are exercisable within 60 days of January 5, 2023. Common stock options and derivative securities held by other stockholders are disregarded in this calculation. Therefore, the denominator used in calculating beneficial ownership among our stockholders may differ. Unless we have indicated otherwise, each person named in the table has sole voting power and sole investment power for the shares listed opposite such person's name.

(2) Anthony
 Raynor, the Chief Executive Officer of the Company, beneficially owns 90 shares of our Series A Preferred Stock, which represent
 approximately 98.9% of the voting power of our outstanding capital stock. In addition, Mr. Raynor, currently beneficially owns 38,524,500
 shares of our common stock, which represent approximately 51.5% of the total shares of our outstanding capital stock.

(3) J.
 Scott Siefker has been Chief Financial Officer of the Company since 2020 up until his retirement in March 2022.

(4) The
 address for John Spencer is 5650 Indian Mound Ct, Columbus, OH 43213-2628

(5) The
 address for Thistle Investments is 387 Corona Street, Ste 555, Denver, CO 80218

(6) The
 address for VRM Global Holdings Pty Ltd. is Reward Crescent Bohle QLD, 4818 Australia.

**ITEM 5. DIRECTORS AND EXECUTIVE OFFICERS**

Our bylaws, as amended, (the "**Bylaws**") provide that our board of directors should not have fewer than three directors. Each director shall hold office until the close of the next annual general meeting of our shareholders, or until his or her successor is duly elected or appointed, unless his or her office is earlier vacated. Our board of directors currently consists of seven directors, of whom three are considered to be independent persons. See Item 7—"Certain Relationships and Related Transactions, and Director Independence – Director Independence" for details on the independence of our directors.

The following table sets forth the individuals that are our directors and executive officers as of the date of filing this registration statement on Form 10 and their respective positions.

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position** |
| Anthony J. Raynor | 45 | Chief Executive Officer, President and <br> Chairman of the Board of Directors |
| Michael J. Mete, CPA | 52 | Chief Financial Officer |
| Brian Meier | 58 | Chief Operating Officer |
| Bradford D. Baker | 62 | Director |
| Colleen McAleer | 55 | Director |
| Ned L. Siegel | 71 | Director |

---

All of our directors will be appointed to hold office until the next annual general meeting of shareholders or until their successors are duly elected or appointed, unless their office is earlier vacated.

The Bylaws provide that the directors may, from time to time, appoint such officers as the directors determine. The directors may, at any time, terminate any such appointment.

**Director and Executive Officer Biographies**

***Anthony "Tony" Raynor.*** Mr. Raynor is the Founder of the Company and has been the President and CEO of the Company since April 2019. Since September 2017, he organized and founded National Storm Recovery, LLC. d/b/a Central Florida Arborcare, a wholly-owned subsidiary of the Company. Prior to September 2017, Mr. Raynor founded multiple successful tree and green waste recycling/processing facilities and services. From 2013 through 2017, Mr. Raynor served as partner of RSR. Mr. Raynor has over 25 years of entrepreneurship in the tree, green waste, storm recovery, and mulch industry. He has personally been responsible for 25 national storm recovery projects and managed over 100 million cubic yards of debris. Following its first year of operations of National Storm Recovery, LLC. d/b/a Central Florida Arborcare, Mr. Raynor continued to build the company's team of employees to manage the growing demand for the company's tree maintenance services. Since then, the company has seen major growth through strategic acquisitions such as the purchase of Mulch Manufacturing, Inc. in 2020. Mr. Raynor is known for dedication not only to the company but the employees and sustainable products. He is always looking for new ways to handle debris with the focus on sustainable solutions.

The Company believes Mr. Raynor's strong expertise in the tree maintenance, disaster recovery, debris hauling, removal, and disposal services industries qualifies him to serve on its board of directors.

***Michael J Mete.*** Mr. Mete has been the Company's Chief Financial Officer since February 2022. Prior to then, he served as the Chief Financial Officer for JT International U.S.A., Inc., since 2004, where he was responsible for the company's financial functions, including accounting and corporate finance, which included budgeting, forecasting and long-range strategic planning process. Mr. Mete was also responsible for the IT, procurement, and customer service and logistics functions at various times while at the company. Earlier in his career, he held various positions in public accounting, including a national firm. He holds a Bachelor of Business Administration in accounting from Pace University.

***Brian Meier.*** Mr. Meier became the Company's Chief Operating Officer in December 2021 and has served Mulch Manufacturing as the manager of its sawmill in Homerville, GA since November 2009. During this time, he managed sales, production and raw material procurement. He was instrumental in designing and implementing upgrades to the facility, resulting in increased sales and profit margins. Mr. Meier also managed the Kempfer Sawmill in St Cloud, FL, from 1993 to 1999 where he was responsible for its sales, procurement, accounting, human resources and safety programs. He was essential in the design and construction of a new sawmill for Kempfer in 2005. From 1989 to 1993, Mr. Meier handled purchasing at Universal Forest Products in Moultrie, GA. From 1987 to 1989, he represented Georgia Pacific in the sale of its products out of their Claxton, GA sawmill. Mr. Meier's diverse background in all facets of the wood products industry enables him to integrate operations, sales, and finance. He has demonstrated his ability to enhance a company's performance by motivating personnel while providing effective solutions resulting in maximized profits. Mr. Meier graduated from Georgia Southern University with a BA in finance in 1987. He has been a functioning member of the Southern Cypress Manufacturers Association since 2000 and served as its President in 2016. He has also served as an Elder in his local church for over 10 years.

***Bradford B. Baker.*** Mr. Baker was appointed to our board of directors in December 2022. From 1997 to 2000 and from 2008 to present, he has been a member of the board of directors of Odyssey Marine Exploration Inc., a deep-ocean mineral resource exploration company where he has served as the Chairman of the Board since January 2012 and Chairman of the Audit Committee from 2009 to the present. He also serves on its Governance Committee and Compensation Committee. Since 1996, Mr. Baker has been the Chief Executive Officer of Myakka Crossings, Inc., a developer of affordable single family homes in Kansas City, Kansas. From 2018 to 2019, Mr. Baker was the Deputy Secretary of the Kansas Department of Commerce where he was responsible for economic development in opportunity zones in the state of Kansas. From 2004 to 2012, Mr. Baker served as Chief Executive Officer of Nexus Biometrics, Inc., a fingerprint biometric company he founded in 2004. He is also President of Bramar Developers, Inc., a real estate development company that he founded in 1998. He was appointed a White House Fellow by President Ronald Reagan in 1988, was past Secretary of the Resolution Trust Corporation Oversight Board in 1989, and served as Executive Director of the Florida Housing Finance Corporation from 1999 to 2000. He previously held senior executive positions with Comcast Cable from 1994 to 1997 and Sterling Financial, Inc. from 2000 to 2002, and served as a Director and as Chairman of the Audit Committee of Dobi Medical International, Inc. from 2003 through 2007 when it was a U.S. publicly reporting company. He holds a B.S. degree in Business Administration from Nova University.

The Board recognizes that Mr. Baker, as past chief executive officer of a public company, has extensive experience as a senior executive with emphasis in management, operations and finance. His financial expertise and extensive not-for-profit board experience qualifies him as our "audit committee financial expert." Prior to 2003, Mr. Baker served three public companies as a director and as chairman of both Audit and Compensation Committees. He received a presidential appointment, and through his work at the White House, he developed an extensive understanding of government processes and international relations. Mr. Baker's executive leadership roles, board experience and government background provide the Board with insight into best practices of public companies and well-qualifies him as a member of the board of directors and chairman of our audit committee.

***Colleen McAleer.*** Ms. McAleer was appointed to our board of directors in December 2022. She has over 30 years of broad executive experience, ranging from military service to commercial real estate, non-profits and governance. Currently Ms. McAleer leads the Executive Director of the Clallam County Economic Development Council and serves as a Commissioner at the Port of Port Angeles. Colleen brings a unique range of skills, knowledge and talent to a diverse set of responsibilities. Colleen is an acknowledged expert at team leadership and brings a wealth of knowledge and determination to every endeavor that she undertakes. Since May 2019, Ms. McAleer has served as the Executive Director of the Clallam County Economic Development Council which is responsible for defining strategies and programs to improve the economic conditions of Clallam County, Washington. From August 2015 to April 2019, she ran the Washington Business Alliance in Seattle where she led the organization and was involved in securing funding to support vocational training needs for kids in the classroom. Since 2014, Ms. McAleer has been a commissioner at the Port of Port Angeles. From 2003 until 2013, Ms. McAleer owned and operated a commercial real estate brokerage firm in Clallam County Washington. From 1989 to 1998, she served in the U.S. Army as a helicopter and fixed wing pilot and as a military intelligence officer and is a decorated combat veteran of Desert Storm. Ms. McAleer holds a B. S. degree in Computer Science from Florida Institute of Technology, has received training at the U.S. Army Aviation Flight School and is a graduate of the U.S. Military Intelligence Advance Course.

The Board recognizes that Ms. McAleer has extensive experience as a senior executive with emphasis in management, operations and finance. Ms. McAleer's executive leadership roles, experience as Commissioner at the Port of Port Angeles, business experience and government background provide the Board with insight into operational best practices and well-qualifies her as a member of the board of directors and our audit committee.

***Ned L. Siegel***. Ambassador Ned L. Siegel was appointed to our board of directors in December 2022. Ambassador Siegel is the President of The Siegel Group, a multi-disciplined international business management advisory firm he founded in 1997 in Boca Raton, Florida, specializing in real estate, energy, utilities, infrastructure, financial services, oil & gas and cyber & secure technology. Mr. Ambassador Siegel has served since 2013 as counsel to the law firm of Wildes & Weinberg, P.C. From October 2007 until January 2009, he served as the United States Ambassador to the Commonwealth of The Bahamas. Prior to his Ambassadorship, in 2006, he served with Ambassador John R. Bolton at the United Nations in New York, as the Senior Advisor to the U.S. Mission and as the United States Representative to the 61st Session of the United Nations General Assembly. From 2003 to 2007, Mr. Ambassador Siegel served on the board of directors of the Overseas Private Investment Corporation (OPIC), which was established to help U.S. businesses invest overseas, fostering economic development in new and emerging markets, complementing the private sector in managing the risk associated with foreign direct investment and supporting U.S. foreign policy. Appointed by Governor Jeb Bush, Mr. Ambassador Siegel served as a member of the board of directors of Enterprise Florida, Inc. (EFI) from 1999-2004. EFI is the state of Florida's primary organization promoting statewide economic development through its public-private partnership. Ambassador Siegel presently serves on the board of directors of the following companies: CIM City, U.S. Medical Glove Company, Global Supply Team, Moveo, LLC and the Caribbean Israel Leadership Coalition (CILC), Caribbean Israel Venture Services, Inc. He also presently serves on the following Advisory Boards: Usecrypt, Brand Labs International (BLI), Elminda Ltd., Findings, and Sol Chip Ltd and Maridose, LLC. Ambassador Siegel received a B.A. from the University of Connecticut in 1973 and J.D. from the Dickinson School of Law in 1976. In December 2014, he received an honorary degree of Doctor of Business Administration from the University of South Carolina. The Board believes that Mr. Ambassador Siegel's vast professional experience, education, and professional credentials qualify him to serve as a member of the Board, and as a member of the Board's committees.

The Board recognizes that Ambassador Siegel has extensive experience as a senior executive with emphasis in management, operations and finance. Ms. McAleer's executive leadership roles, experience in financial and strategic planning provide the Board with insight into operational best practices and well-qualifies him as a member of the board of directors and our audit committee.

***Committees of our Board of Directors***

We currently have an audit committee, a compensation committee, and a nominating and corporate governance committee. The members of each are set out below.

---

| | | | |
|:---|:---|:---|:---|
| **Name of Member** | **Audit Committee** | **Compensation Committee** | **Nominating and Corporate Governance Committee** |
| Bradford D. Baker | X<sup>(1)</sup> | X | X |
| Colleen McAleer | X | X<sup>(1)</sup> | X |
| Ned L. Siegel | X | X | X<sup>(1)</sup> |

---

(1) Denotes chairperson.

A brief description of each committee is set out below.

***Audit Committee***

Our Board of Directors established an audit committee ("Audit Committee") which consists of three independent directors, namely Bradford D. Baker, Colleen McAleer and Ned L. Siegel. Mr. Baker shall serve as the chair of the Audit Committee. Mr. Baker qualifies as an audit committee financial expert under SEC rules and as a financially sophisticated audit committee member under the Nasdaq Capital Market rules. Our board of directors adopted a written charter which sets out the Audit Committee's responsibilities, a copy of which has been posted on the Corporate Governance section of our website, at www.sustainablegreenteam.com.

Our Audit Committee is authorized to:

● approve and retain the independent auditors to conduct the annual audit of our financial statements;

● review the proposed scope and results of the audit;

● review and pre-approve audit and non-audit fees and services;

● review accounting and financial controls with the independent auditors and our financial and accounting staff;

● review and approve transactions between us and our directors, officers and affiliates;

● recognize and prevent prohibited non-audit services;

● establish procedures for complaints received by us regarding accounting matters; and

● oversee internal audit functions, if any.

***Relevant Education and Experience***

Each member of the Audit Committee has experience relevant to his or her responsibilities as an Audit Committee member. See Item 5 — "Director and Executive Officers – Director and Executive Officer Biographies" for a description of the education and experience of each Audit Committee member.

***Compensation Committee***

Our Board of Directors established a compensation committee that consists of three directors who are "independent" under the rules of the SEC. This compensation committee will:

● review and determine the compensation arrangements for management;

● establish and review general compensation policies with the objective to attract and retain superior talent, to reward individual performance and to achieve our financial goals;

● administer our incentive compensation and benefit plans and purchase plans;

● oversee the evaluation of the Board of Directors and management; and

● review the independence of any compensation advisers.

Our Board of Directors has adopted a compensation committee charter defining the committee's primary duties in a manner consistent with the rules of the SEC and Nasdaq Capital Market.

***Nominating and Corporate Governance Committee***

Our Board of Directors established a nominating and corporate governance committee that consists of three directors who are "independent" under the rules of the SEC. The functions of the nominating and corporate governance committee, among other things, includes:

● identifying individuals qualified to become board members and recommending director;

● nominees and board members for committee membership;

● developing and recommending to our board corporate governance guidelines;

● review and determine the compensation arrangements for directors; and

● overseeing the evaluation of our board of directors and its committees and management.

Our Board of Directors has adopted a nominating and corporate governance committee charter defining the committee's primary duties in a manner consistent with the rules of the SEC and the Nasdaq Capital Market.

**Compensation Committee Interlocks and Insider Participation**

None of our executive officers serve on the board of directors or compensation committee of a company that has an executive officer that serves on our board of directors. No member of our board is an executive officer of a company in which one of our executive officers serves as a member of the board of directors or compensation committee of that company.

**Code of Business Conduct and Ethics**

Our Board of Directors has adopted a code of business conduct and ethics that applies to all of our employees, officers and directors, including those officers responsible for financial reporting. The code of business conduct and ethics is available at our website at www.thesustainablegreenteam.com. We expect that any amendments to the code, or any waivers of its requirement, will be disclosed on our website.

The board does not have standing compensation or nominating committees. The board does not believe these committees are necessary based on the size of our company, the current levels of compensation to our corporate officers and the ownership by our executive officers and directors which gives them control over all matters submitted to a vote of our stockholders. The board will consider establishing audit, compensation and nominating committees and the appointment of independent directors at the appropriate time.

The entire board of directors participates in the consideration of compensation issues and of director nominees. Candidates for director nominees are reviewed in the context of the current composition of the board and our operating requirements and the long-term interests of its stockholders. In conducting this assessment, the board of directors considers skills, diversity, age, and such other factors as it deems appropriate given the current needs of the board and our company, to maintain a balance of knowledge, experience and capability.

The board's process for identifying and evaluating nominees for director, including nominees recommended by stockholders, will involve compiling names of potentially eligible candidates, conducting background and reference checks, conducting interviews with the candidate and others (as schedules permit), meeting to consider and approve the final candidates and, as appropriate, preparing an analysis with regard to particular recommended candidates.

**ITEM 6. EXECUTIVE COMPENSATION**

The following table summarizes all compensation recorded by us in the past two fiscal years ended January 1, 2022, for:

● our principal executive officer or other individual serving in a similar capacity, and

● our two most highly compensated executive officers, other than our principal executive officer, who were serving as corporate officers as of January 1, 2022.

For definitional purposes, these individuals are sometimes referred to as the "named executive officers."

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Fiscal Year Ended** | **Salary ($)** | **Bonus ($)** | **Stock Awards ($)** | **Option Awards ($) <sup>(1)</sup>** | **Non-Equity Incentive Plan Compensation ($)** | **Non-qualified Deferred Compensation Earnings ($)** | **All Other Compensation ($)** | **Total ($)** |
| Anthony J. Raynor <sup>(1)</sup> | 2021 | $175395 | $— | $— | $— | $– $|  | $– $| 175395 |
| *Chief Executive Officer* | 2020 | $125823 | $— |  |  | $– $|  | $– $| 125823 |
| Edward Lee *<sup>(2)</sup>* | 2021 | $147136 | $— | $— | $— | $– $|  | – $| 147136 |
| *Former Chief Operating Officer* | 2020 | $104692 | $— | $— | $— | $– $|  | – $| 104692 |
| *J. Scott Siefker <sup>(3)</sup> <br> Former* | 2021 | 165210 |  |  |  | – |  | – | 165210 |
| *Chief Financial Officer* | 2020 | 150123 |  |  |  | – |  | – | 150123 |

---

(1) Anthony
 J. Raynor became Chief Executive Officer of the Company on June 10, 2019.

(2) Edward
 Lee became Chief Operations Officer of the Company on June 10, 2019. Edward Lee was succeeded as Chief Operations Officer of the
 Company by Brian Meier on December 1, 2021.

(3) J.
 Scott Siefker has been Chief Financial Officer of the Company since 2020 up until his retirement in March 2022. J. Scott Siefker
 was succeeded as Chief Financial Officer of the Company by Michael J Mete on February 7, 2022.

**Outstanding Equity Awards at 2021 Fiscal Year-End**

None.

**2021 Option Exercises and Stock Vested Table**

None.

**Executive Officer and Director Compensation**

The Company intends to develop an executive compensation program that is consistent with its existing compensation policies and philosophies, which are designed to align compensation with our business objectives and the creation of stockholder value, while enabling us to attract, motivate and retain individuals who contribute to the long-term success of the Company.

Decisions on the executive compensation program will be made by the board of directors. The following discussion is based on the present expectations as to the executive compensation program to be adopted by the board of directors. The executive compensation program actually adopted will depend on the judgment of the members of the board of directors and may differ from that set forth in the following discussion.

We anticipate that decisions regarding executive compensation will reflect our belief that the executive compensation program must be competitive in order to attract and retain our executive officers. We anticipate that the compensation committee will seek to implement our compensation policies and philosophies by linking a significant portion of our executive officers' cash compensation to performance objectives and by providing a portion of their compensation as long-term incentive compensation in the form of equity awards.

We anticipate that compensation for our executive officers will have three primary components: base salary, an annual cash incentive bonus and long-term incentive compensation in the form of share-based awards, if any.

***Base Salary***

Our compensation committee will determine base salaries and manage the base salary review process, subject to existing employment agreements.

***Annual Bonuses***

We intend to use annual cash incentive bonuses for the executive officers to tie a portion of their compensation to financial and operational objectives achievable within the applicable fiscal year. We expect that, near the beginning of each year, the compensation committee will select the performance targets, target amounts, target award opportunities and other term and conditions of annual cash bonuses for the executive officers, subject to the terms of any employment agreement. Following the end of each year, the board of directors will determine the extent to which the performance targets were achieved and the amount of the award that is payable to the executive officers. No bonuses were awarded by the board of directors in 2021 or 2020.

***Stock-Based Awards***

We intend to use stock-based awards to reward long-term performance of the executive officers. We believe that providing a meaningful portion of the total compensation package in the form of stock-based awards will align the incentives of its executive officers with the interests of its stockholders and serve to motivate and retain the individual executive officers. Stock-based awards will be awarded under the Incentive Plan, which has been adopted by our Board of Directors and is being submitted to our shareholders for approval at the special meeting in lieu of an annual meeting.

**Executive Employment Agreements**

On February 1, 2020, the Company entered into an employment agreement (the "Employment Agreement") with Anthony J. Raynor, pursuant to which the parties agreed that he will serve as the Chief Executive Officer of the Company and its subsidiaries for a five-year term. Under the terms of the Employment Agreement, Mr. Raynor will receive a salary of $150,000 per year. Mr. Raynor's base salary was increased to $175,000 per year effective as of 2021. During Mr. Raynor's employment and for a period of one year from the end of Mr. Raynor's employment (howsoever occasioned), Mr. Raynor shall not, directly or indirectly, whether as owner, shareholder, director, agent, partner, member, governor, manager, officer, employee or otherwise, participate or support the design, development, manufacture, sale, solicitation of sale, marketing, testing, research or other business activities of the Company that are substantially similar to any of the Company's products. In addition, Mr. Raynor agreed to refrain from engaging in business with the Company's customers in regards to competing products, interfere or disrupt the Company's relationship with its employees, customers, agents, representatives or vendors or employ or attempt to employ any of the Company's current employees. Upon the disability of Mr. Raynor such that he is unable to perform his duties effectively, the Company will continue to pay his compensation for a period of six months to the extent not covered by disability insurance policies. In the event of Mr. Raynor's death, no severance compensation will be paid to Mr. Raynor. In the event we terminate Mr. Raynor's employment without cause Mr. Raynor is entitled to (i) a lump sum in an amount equal to the balance of payments yet due under his employment agreement including the Company-paid benefits for Mr. Raynor and his family through the end of the term or (ii) a lump sum equal to three (3) years compensation at Mr. Raynor's then current salary or wages provide benefits in the kind and amounts provided up to the date of termination for such three (3) year period, including continuation of any Company-paid benefits as described in his employment agreement.

**Director Compensation**

We did not pay any compensation or make any equity awards or non-equity awards to any of our non-employee directors during fiscal year 2021. In December 2022, we entered into Independent Director Agreements with each our non-employee directors, Bradford D. Baker, Colleen McAleer and Ned L. Siegel pursuant to which they agreed to serve as independent members of our board of directors until such director resigns, is removed as provided in our bylaws or dies. For their services as directors, we agreed to pay each of them a cash fee in the amount of $60,000 per year, payable each calendar quarter during the term, with any fractional calendar quarters to be prorated. In addition, we agreed to issue to each of them shares of our common stock as follows: (i) upon execution of their respective agreements, a number of shares equal to $10,000 divided by the volume weighted average closing price of our common stock during the 20 trading days prior to the date the agreements were signed and (ii) on each anniversary of entering into each of the respective agreements, a number of shares of our common stock equal to $50,000 divided by the volume weighted average closing price of our common stock during the 20 trading days prior to each anniversary of entering into the agreements. In the event a director resigns prior to the end of a full year of service, subject to the final determination and agreement of the board, the shares issuable upon an anniversary of the agreement will be appropriately prorated. In addition, we entered into indemnification agreements with each of our non-employee directors pursuant to which we agreed to indemnify and defend each director to the fullest extent permitted under Delaware law and advance expenses incurred by such directors in connection with any indemnifiable event as provided for in the indemnification agreement. Directors may be reimbursed for travel and other expenses directly related to their activities as directors. Directors who also serve as employees receive no additional compensation for their service as directors. During fiscal year 2021, Anthony Raynor, our Chief Executive Officer, was a member of our board of directors, as well as an employee, and received no additional compensation for his services as a director. See the section titled "Executive Compensation" for more information about the compensation for this individual for fiscal year 2021.

We do not have a formal policy to compensate our non-employee directors.

**Equity Incentive Plans**

***The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan***

In January 2022, our board of directors approved The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). Stockholders of the Corporation holding a majority of the voting power of the Corporation undertook an action by written consent in lieu of a meeting of stockholders to approve the Plan.

Our board of directors decided to adopt the Plan to provide the Corporation with additional flexibility to issue stock compensation in various forms to employees and advisors and consultants of the Corporation in an effort to attract and retain such persons as the Corporation grows, for the benefit of all stockholders.

<u>Authorized Shares</u>

The Plan reserves 13,000,000 shares of common stock for issuance under the Plan, via stock options, restricted stock, restricted stock units and other forms of awards. The shares may be authorized but unissued, or required common stock. If an award expires or becomes un-exercisable without having been exercised in full, is surrendered pursuant to an exchange program, or is forfeited to or repurchased by the Company due to the failure to vest, the unpurchased shares which were subject thereto will generally become available for future grant or sale under this Plan, unless this Plan has terminated.

<u>Plan Administration</u>

The Plan will be administered by the board of directors or, upon the board's delegation, a committee thereof.

<u>Merger or Change in Control</u>

The Plan will provide that in the event of a merger or change in control, as defined under our Plan, each outstanding award will be treated as the administrator determines, except that if a successor corporation or its parent or subsidiary does not assume or substitute an equivalent award for any outstanding award, then such award will fully vest, all restrictions on such award will lapse, all performance goals or other vesting criteria applicable to such award will be deemed achieved at 100% of target levels and such award will become fully exercisable, if applicable, for a specified period prior to the transaction. The award will then terminate upon the expiration of the specified period of time. If the service of an outside director is terminated on or following a change of control, other than pursuant to a voluntary resignation, his or her awards will vest fully and become immediately exercisable and all performance goals or other vesting requirements will be deemed achieved at 100% of target levels.

**Compensation Committee Interlocks and Insider Participation**

See Item 7— "Certain Relationships and Related Transactions, and Director Independence – Transactions with Related Persons" for further details.

None of our executive officers served as a member of the compensation committee (or other board committee performing equivalent functions or, in the absence of any such committee, the entire board of directors) of another entity, one of whose executive officers served as our director or on the Compensation Committee, during fiscal 2021. None of our executive officers served as a director of another entity, one of whose executive officers served on the Compensation Committee, during fiscal 2021.

**ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE**

**Related Party Transactions**

A related party transaction includes any transaction or proposed transaction in which:

● we are or will be a participant;

● the aggregate amount involved exceeds $120,000 in any fiscal year; and

● any related party has or will have a direct or indirect material interest.

Related parties include any person who is or was (since the beginning of the last fiscal year, even if such person does not presently serve in that role) our executive officer or director, any shareholder owning more than 5% of any class of our voting securities or an immediate family member of any such person.

Any potential related party transaction that requires approval will be reviewed and overseen by the Board of Directors which will consider such factors as it deems appropriate to determine whether to approve, ratify or disapprove the related party transaction. The Board of Directors may approve the related party transaction only if it determines in good faith that, under all of the circumstances, the transaction is in the best interests of us and our shareholders.

**Transactions with Related Parties**

**Promissory Notes**

***Mulch Manufacturing, Inc.***

On the January 31, 2020, date of the Mulch Acquisition, there was a balance on a note payable to MM's sole shareholder in the amount of $14,223,046. This note was adjusted for the receivables and inventory of MM that was excluded from the share exchange resulting in a restated and amended $15,402,355 promissory note bearing 4% interest. Also on January 31, 2020, this shareholder placed a $6,240,670 deposit with the Company. To the extent the Company consumed this cash deposit for operations, this shareholder was paid 4% interest. In August 2021 the outstanding balance on these two obligations plus accrued interest as of January 2, 2021, totaled $17,484,728, which was contributed to the capital of the Company. Interest accrued on these obligations for 2021 was credited against interest expense. Accordingly, the balance on the shareholder deposit as of January 1, 2022, and January 2, 2021, was $0 and $2,382,417, respectively. The balance on the restated and amended promissory note was $0 and $15,402,355 as of January 1, 2022, and January 2, 2021, respectively.

In January 2019, MM issued a promissory note to an employee in the amount of $6,000,000, $2,000,000 of which was paid during the year ended December 28, 2019. The note bore interest at 3% per annum payable quarterly, required semi-annual principal payments of $300,000 starting on June 1, 2021 and had no maturity date. As part of the Mulch Acquisition, this note was assumed by the Company. In August 2021, the holder of this note exchanged his, at that time, $3,700,000 balance in the note for 6,000,000 Company shares. As of January 1, 2022, and January 2, 2021, the balance on this note was $0 and $4,000,000, respectively.

Total interest expense on the above related party notes and deposit for the year ended January 1, 2022, and January 2, 2021, was approximately $77,000 and $722,000, respectively.

**Director Independence**

For purposes of this registration statement, the independence of our directors is determined under the corporate governance rules of the Nasdaq Stock Market ("**Nasdaq**"). The independence rules of Nasdaq include a series of objective tests, including that an "independent" person will not be employed by us and will not be engaged in various types of business dealings with us. In addition, our board of directors is required to make a subjective determination as to each person that no material relationship exists with us either directly or as a partner, shareholder or officer of an organization that has a relationship with us. It has been determined that our directors, Bradford B. Baker, Colleen McAleer and Ned L. Siegel are independent under the independence rules of Nasdaq.

**ITEM 8. LEGAL PROCEEDINGS**

**Legal Proceedings**

*EMC Arbitration and Settlement Agreement*

We are involved in arbitration with Emerging Markets Consulting, LLC ("EMC"), a former service provider of the Company. On October 21, 2020, EMC initiated arbitration against the Company, alleging, among other things, breach of contract related to an agreement entered into between the Company (via NSR LLC) and EMC, in which the Company engaged EMC to provide it with consulting services related to the Company's capital structure, investor relations strategies, and fundraising plans, including the filing of an S-1 registration statement at some point in the future, in exchange for equity compensation in the Company. EMC seeks relief against the Company in the form of the equity compensation pursuant to the agreement (2,000,000 shares of the Company's Common Stock) and damages. The Company denies EMC's allegations and has also initiated counterclaims against EMC for breach of the agreement by EMC, in which it is seeking damages resulting from EMC's breach of its duties under the agreement.

In addition, the Company named in its counterclaim to EMC's claim another similar service provider, Rainmaker Group Consulting, LLC ("Rainmaker"), as a pre-emptive defense against any actions brought by Rainmaker against the Company. Rainmaker engaged by the Company in 2019 to provide similar consulting services as EMC was engaged to provide in exchange for the same compensation (2,000,000 shares of the Company's Common Stock). The Company alleges that Rainmaker breached its agreement with the Company by not providing the services provided in the agreement between the Company and Rainmaker, and therefore Rainmaker is not entitled to any equity compensation by the Company. The Company has taken this action as a defensive measure against potential (in the Company's opinion) frivolous lawsuits brought by Rainmaker against the Company. The Company believes it has adequate defenses in the ongoing arbitration described above being overseen by the American Arbitration Association.

On October 6, 2022, the Company entered into a Settlement Agreement and Mutual Release (the "EMC Agreement") with EMC, Rainmaker, Mr. Painter, Mr. Cohen, and Mr. Lehrer, pursuant to which the parties agreed to amicably resolve all disputes between them without admitting any wrongdoing or liability. In full and final settlement of all claims and counterclaims between the parties, the Company agreed to pay EMC a total sum of $250,000, to be paid out monthly, in $50,000 or $25,000 increments, beginning on October 15, 2022 and ending on April 15, 2023. Rainmaker, Mr. Painter, Mr. Cohen, and Mr. Lehrer acknowledged and agreed that they are not entitled to receive any money or property from the Company or its CEO, Anthony J. Raynor.

In addition, Mr. Raynor, agreed to transfer 100,000 of his personal shares of the Company's Common Stock to EMC and 100,000 of his personal shares of the Company's Common Stock to The Pink Butterfly Foundation, a Florida not for profit corporation ("Pink Butterfly") dedicated to assisting families with acute financial needs accompanying a heartbreaking and devastating sudden loss of a child. Both share transfers are to take place within twenty (20) days of the date of the EMC Agreement.

The share transfers are each subject to a lock-up agreement, dated October 6, 2022, by and between each the Company and EMC and the Company and Pink Butterfly (together, the "Lock- Up Agreements"). Under the terms of the Lock-Up Agreements, EMC and Pink Butterfly cannot sell, transfer, assign or otherwise dispose of the shares received for a period of one (1) year from the date of the Lock-Up Agreement (the "Lock-Up Period"). In the event the Company's Common Stock is listed for trading on the New York Stock Exchange or the NASDAQ Stock Market during the Lock-Up Period, the "Lock-Up Period" shall be adjusted to last until the six (6) month anniversary of the listing date.

If the Company or Mr. Raynor default under the terms of the EMC Agreement by failing to make a payment when due or failing to transfer the shares, EMC must provide notice of the default and the Company will have fifteen (15) business days from the date of the notice to cure the default. If the Company fails to cure the default, a final judgment will be entered against the Company for $250,000, less any payments already made, and/or the cash value of the shares, if the shares have not been transferred in default of the EMC Agreement.

The parties file a joint motion for dismissal of all claims and counterclaims and agreed to request that the American Arbitration Association enter an order staying and abating the arbitration and retaining jurisdiction to enforce the terms of the EMC Agreement. All parties expressly agreed that they are forever barred from instituting, maintaining or asserting any and all claims and causes of action released under the EMC Agreement.

*Ralph Spencer Litigation*

*First Complaint and Settlement.*

On March 25, 2021, the Company filed a civil complaint (the "First Complaint") in Florida's Ninth Judicial Circuit Court in Orange County, Florida against Ralph Spencer ("Spencer"), the former owner and CEO of Mulch Manufacturing, Inc., alleging certain tortious interference with the Company's business operations and dealings. On April 1, 2021, the Company was granted an Emergency Temporary Injunction by the Court enjoining Mr. Spencer from, among other things, further attempts to interfere with the Company's business operations.

On August 16, 2021, the parties entered into a Settlement Agreement and Mutual Release (the "Settlement Agreement"), wherein, among other provisions, all outstanding debt was extinguished. The Company recognized a $17,484,728 capital contribution, credited to Additional Paid-in Capital, from the extinguishment of debt.

The Company also agreed to pay Spencer $25,650,000 plus interest as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issuing
 Spencer a promissory note in the amount of $10,650,000 accruing interest at 6% per annum secured by four properties located in Florida
 and another in Georgia (the "Settlement Note"). The Settlement Note is amortized monthly over 20 years with a balloon
 payment of any outstanding balance on its third anniversary. The Company is current on all Settlement Note obligations as of the
 date of this Registration statement.

(b) paying
 Spencer a total of $15,000,000 in exchange for the redemption of Spencer's 40,000,000 shares of common stock and any and all
 ownership interests in which he may have or claim (the "Redemption Payment"). The Redemption Payment is to be paid to
 Spencer according to the following schedule: (i) $3,300,000 on October 15, 2021 in exchange for 8,797,800 common stock shares; and
 (ii) twenty-four (24) payments of $487,500 on the 15<sup>th</sup> of each month, commencing November 15, 2021, each for 1,300,091.67
 common stock shares. Spencer executed a letter of instruction to the Company's transfer agent, Pacific Stock Transfer, and
 provided all shares to the transfer agent to allow for the immediate redemption upon each payment.

On October 11, 2021, the First Complaint was voluntarily dismissed with prejudice as provided for in the Settlement Agreement.

*Second Complaint*.

On April 19, 2022, the Company together with its wholly owned subsidiary Mulch Manufacturing, Inc., (referred to together as the "Plaintiffs") filed a civil complaint in Florida's Ninth Judicial Circuit Court in Orange County, Florida Case No. 2022-CA-003280-O (the "Second Complaint") against Spencer alleging that (i) Spencer breached the Settlement Agreement by disclosing confidential settlement terms to third parties and violating the non-disparagement provisions by repeatedly disparaging and defaming Anthony Raynor, Tami Raynor, and other officers, agents, and employees of the Plaintiffs, (ii) that Spencer engaged in certain tortious interference with the Company's advantageous business relationships, and (iii) that Spencer engaged in a systematic campaign to defame, disparage and spread false statements about the Company and its employees, agents and representatives, including family members of Company employees.

On December 13, 2022 (the "Effective Date"), the Plaintiffs, Tami Raynor and Anthony Raynor (collectively, "Raynor"), and Ralph Spencer ("Spencer"), by and through his attorney-in-fact Christie Spencer and his court-appointed attorney, Christine J. Lomas, and Christie Spencer, as Ralph Spencer's attorney-in-fact (together with Spencer, the "Spencer Parties") (hereafter "the "Parties" or a "Party"), entered into a Settlement Agreement, (hereafter the "December 2022 Settlement Agreement"), in relation to the Second Complain (the "Business Court Litigation").

As a complete settlement of the dispute that is the subject of the Business Court Litigation, the Parties agreed to the following material terms as provided for in the December 2022 Settlement Agreement:

Terms Regarding Promissory Note, Mortgage, and Deed to Secure Debt. Within five days of the Effective Date, Spencer and RJ Enterprises of Florida, LLC ("RJ Enterprises") agreed to convey certain real estate located in Nassau County, Florida (the "RJ Parcels") to the Company's wholly owned subsidiary Mulch Manufacturing, Inc. ("Mulch Manufacturing") free and clear from any and all interests, mortgages, liens, encumbrances, and clouds on the title, including a $200,000 mortgage from RJ Enterprises to Weber Holdings, Ltd. The RJ Parcels are comprised of two tracts of land, one of which is approximately 2.93 acres and the other is approximately 14.9 acres, both of which are located off of U.S. Highway 301 in Callahan, Florida 32011.

In addition, Spencer agreed to release the real property located at 108 Copeland Street, Jacksonville, Florida 32204 (the "Copeland Parcel") from the mortgage securing a debt in the original principal amount of $10,650,000 issued by the Company in favor of Spencer as provided for in the Settlement Agreement (the "August 2021 Mortgage"). Further, the Parties agreed to amend the August 2021 Mortgage and the underlying promissory note to increase the principal balance to $11,500,000, which amount will be amortized over twenty (20) years with any and all remaining amounts of principal and interest becoming due and payable sixty months after the date of amendment. The August 2021 Mortgage will be further modified to add the RJ Parcels as collateral security and limit the inspection rights of Spencer and certain other persons and restrict Spencer from selling, transferring, assigning, gifting, encumbering, or placing any liens on the August 2021 Mortgage for a period of two years from the date it is amended.

Terms Regarding Common Stock of the Company. According to the terms of the December 2022 Settlement Agreement, the Company agreed with Spencer to redeem 22,101,556 shares of the Company's common stock he owns (the "Spencer Shares") in exchange for the Company's payment to Spencer of $1,000,000. The Company's obligation to pay Spencer is conditioned on Spencer delivering: (i) a letter of instruction directing the Company's transfer agent to rescind the issuance of the Spencer Shares, (ii) a quit claim deed to the RJ Parcels to Mulch Manufacturing and (iii) a release of the Copeland Property from the August 2021 Mortgage. In addition, Spencer has represented that he has no rights, options, or warrants to buy additional shares of common stock or any other stock or ownership interests in the Company, that Spencer has not sold, assigned, transferred, encumbered, or gifted, directly or indirectly, any stock, rights, options, warrants, or other ownership interests in the Company to any person or party and that he has no other ownership interests whatsoever in the Company or Mulch Manufacturing.

The December 2022 Settlement Agreement also provides that the Company shall pay Spencer an aggregate of $1,500,000 in installments of $500,000 on April 1, 2023, August 1, 2023 and December 1, 2023 conditioned on Spencer complying with his obligations under the December 2022 Settlement Agreement (the "Additional Amounts"). On December 27, 2022, these conditions were fulfilled and the Company completed the redemption of the 22,101,556 shares of common stock.

Finally, the December 2022 Settlement Agreement provides that the Parties will execute and file a joint stipulation in Business Court Litigation that provides in the event Ralph Spencer and Christie Spencer fail to comply with certain non-harassment obligations provided for in the December 2022 Settlement Agreement, then the unpaid balance of the Additional Amounts will be paid into the registry of the court or an agreed-upon third party as they become due to be held in escrow and released upon agreement or as directed by an order of the court.

**ITEM 9. MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**

**Market Information**

Our common stock is currently quoted on the OTCQX tier of the OTC Market Group, Inc. under the symbol "SGTM." The OTC Market is a network of security dealers who buy and sell stock. The dealers are connected by a computer network that provides information on current "bids" and "asks", as well as volume information. The trading of securities on the OTCQX is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock.

The following table sets forth, for the periods indicated the high and low bid quotations for our common stock. These quotations represent inter-dealer quotations, without adjustment for retail markup, markdown, or commission and may not represent actual transactions.

---

| | | |
|:---|:---|:---|
|  | **High** | **Low** |
| **<u>Fiscal Year 2022</u>** |  |  |
| October 2, 2022 to December 31, 2022 | $5.00 | 1.97 |
| July 3 to October 1, 2022 | $12.00 | 1.00 |
| April 3 to July 2, 2022 | $8.75 | $3.50 |
| January 3 to April 2, 2022 | $12.00 | $6.15 |
| **<u>Fiscal Year 2021</u>** |  |  |
| October 4, 2021 to January 2, 2022 | $9.24 | $1.15 |
| July 4 to October 2, 2021 | $1.73 | $1.00 |
| April 4 to July 3, 2021 | $3.14 | $1.00 |
| January 3 to April 3, 2021 | $7.00 | $1.00 |
| **<u>Fiscal Year 2020</u>** |  |  |
| October 4, 2020 to January 2, 2021 | $1.50 | $0.20 |
| June 28 to October 3, 2020 | $2.50 | $0.55 |
| March 29 to June 27, 2020 | $1.10 | $0.05 |
| January 1 to March 28, 2020 | $0.79 | $0.11 |
| **<u>Fiscal Year 2019</u>** |  |  |
| October 1 to December 28, 2019 | $0.80 | $0.10 |
| July 1 to September 30, 2019 | $2.19 | $0.15 |
| April 1 to June 30, 2019 | $3.00 | $1.00 |
| January 1 to March 31, 2019 | $7.00 | $1.00 |

---

On January 5, 2023, the closing price for our common stock on the OTCQX tier of the OTC Market Group, Inc. was $5.19 per share.

The volume of shares of common stock traded on the OTCQX was insignificant and therefore, does not represent a reliable indication of the fair market value of these shares.

**Holders of Common Stock**

As of January 5, 2023, there were approximately 197 record holders of our common stock. The number of record holders does not include beneficial owners of common stock whose shares are held in the names of banks, brokers, nominees or other fiduciaries.

We have not paid any cash dividends on our common stock and do not currently anticipate paying cash dividends in the foreseeable future. We intend to retain future earnings, if any, for reinvestment in the development and expansion of our business.

**Equity Compensation Plans**

The following table sets forth securities authorized for issuance under The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan") that was approved by our stockholders in January 2022 and compensation plans not approved by our shareholders.

---

| | | | |
|:---|:---|:---|:---|
| <br>**Plan Category** | **Number of securities to be issued upon exercise of outstanding options, warrant and rights**<br>**(#)** | **Weighted-average exercise price of outstanding options, warrants and rights**<br>**($)** | **Number of securities remaining available for future issuance under equity compensation plans**<br>**(#)** |
| **Equity compensation plans approved by security holders** | 13000000 |  | 13000000 |
| **Equity compensation plans not approved by security holders** | – |  | – |
| **Total** | 13000000 |  | 13000000 |

---

**ITEM 10. RECENT SALES OF UNREGISTERED SECURITIES**

The following is a summary of transactions by us since January 1, 2019 involving registered and unregistered issuances and redemption of our common equity securities.

On April 18, 2019, we issued 40,000,000 shares of Common Stock to Anthony Raynor, valued at roughly $0.002 per share with an aggregate value of $78,255 in exchange for his entire ownership interest in NSR LLC. In connection with the merger with Sierra (our predecessor) in April 2019, as part of the merger consideration, 90 shares of Series A Preferred Stock, representing 90% voting control, were transferred to Anthony Raynor, our Chief Executive Officer, for a cash payment of $25,000. At this time, the Company's predecessor, Sierra Gold Corporation ("Sierra") was a shell company having no assets, a negative net book value and was only occasionally traded for an insignificant volume. Based on these facts, management believed it would have been a gross overstatement of value to have used the $1.00 closing price (resulting in an implied $40,000,000 transaction value) listed on the OTC Market on the day of this transaction. Accordingly, the book value of NSR LLC was used for the valuation of the shares for this transaction. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On May 21, 2019, we issued 1,000,000 shares of Common Stock to two investors as an inducement for them to extend credit to the Company in the form of a $250,000 loan. The transaction was valued at an arm's length transaction price during this period of $0.08 per share with an aggregate value of $80,000.

On June 10, 2019, we issued 400,000 shares of Common Stock to an investor as an inducement for them to extend credit to the Company in the form of a $100,000 loan. The transaction was valued at an arm's length transaction price during this period of $0.08 per share with an aggregate value of $32,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

Pursuant to a reverse 1:10,000 stock split on August 22, 2019, where shares were rounded up to 100 share lots, 602,636 net shares of common stock were issued. This transaction did not change the equity in the Company.

On November 11, 2019, we issued 1,000,000 shares of Common Stock to Ralph Spencer, at that time the sole shareholder of Mulch Manufacturing, as an inducement for Mulch Manufacturing to extend credit to the Company in the form of a $962,000 loan. As part of the Mulch acquisition on January 31, 2020, these shares were canceled. Therefore, no value was assigned to these shares. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 11, 2019, we issued 500,000 shares of Common Stock to two individuals for services worth the arm's length transaction price during this period of $0.08 per share with an aggregate value of $40,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 11, 2019, we issued 250,000 shares of Common Stock to two individuals for services worth the arm's length transaction price during this period of $0.08 per share with an aggregate value of $20,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 26, 2019, an investor subscribed to purchase 1,250,000 shares of common stock at a subscription price of $0.08 per share. As of December 28, 2019, this stock subscription was reported as stock payable in the amount of $100,000 on our balance sheet. This stock was then issued on April 9 and May 20, 2020. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On January 31, 2020, we issued 40,000,000 shares of Common Stock to Ralph Spencer, valued at the $0.15 closing price per share on that day, with an aggregate value of $6,000,000, in exchange for his entire interest in MMI, representing a 100% interest in MMI. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On February 26, 2020, we issued 4,000,000 shares of Common Stock to an entity for services surrounding the completion of the Raynor Exchange based on $0.025 per share agreement with an aggregate value of $100,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On April 1, 2020, 1,000,000 shares of Common Stock previously issued to Ralph Spencer on November 11, 2019, on which no value was recognized, as disclosed above, were canceled in connection with the MMI acquisition.

On May 14, 2020, we issued 25,000 shares of Common Stock to an entity as part of the Raynor Exchange. Since no additional value was associated with this transaction, no additional equity was recognized on these shares which had been based on the equity in NSR LLC as explained above. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On May 20, 2020, we issued 786,045 shares of Common Stock to two investors upon conversion of a note balance plus accrued interest in the amount of $274,658 held by the investors at a rate of $0.349417 per share in accordance with the convergence feature for the note. These shares were issued in reliance on Section 3(a)(9) of the Securities Act.

On June 12, 2020, we issued 354,724 shares of Common Stock to two investors upon conversion of debt plus accrued interest in the amount of $110,000 held by the investors at a rate of $0.3101 per share in accordance with the conversion feature for the note. These shares were issued in reliance on Section 3(a)(9) of the Securities Act.

On January 13, 2021, we issued 300,000 shares of Common Stock to two investors valued at $0.21 per share (closing price on 1/16/20) with an aggregate value of $63,000 as an inducement for a $75,000 prior year loan dated January 16, 2020. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On April 8, 2021, we issued 25,000 shares of Common Stock to a person valued at $1.152 per share based on a 5 day trading average preceding January 4, 2021 with an aggregate value of $28,800 as compensation. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On August 26, 2021, we issued 6,000,000 shares of Common Stock to John Spencer valued at $0.6166 per share based on the balance of a $3,700,000 converted note. These shares were issued in reliance on Section 3(a)(9) of the Securities Act.

On October 4, 2021, we issued 125,000 shares of Common Stock to an entity valued at the current solicited subscription price of $0.75 per share with an aggregate value of $93,750 as compensation for consulting services. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 22, 2021, we issued 300,000 shares of Common Stock to an investor valued at the subscription price of $0.75 per share with an aggregate value of $225,000. In connection with this issuance, we also issued warrants to purchase 300,000 shares of Common Stock to the investor at an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 22, 2021, we issued 1,000,000 shares of Common Stock to an investor valued at the subscription price of $0.75 per share with an aggregate value of $750,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 22, 2021, 8,797,800 shares of Common Stock, at an agreed price of $0.375 per share with an aggregate value of $3,300,000 previously issued to Ralph Spencer on January 31, 2020, were canceled as part of a series of monthly redemptions. Of this amount, $1,319,670 or the original issue price of $0.15 per share was charged to the Common Stock and Additional Paid-in Capital accounts. The $1,980,330 balance was charged to Retained Earnings.

On October 22, 2021, we issued 133,333 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $100,000. In connection with this issuance, we also issued warrants to purchase 133,333 shares of Common Stock to the investor at an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 100,000 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $75,000. In connection with this issuance, we also issued warrants to purchase 100,000 shares of Common Stock to the investor with an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 15, 2021, 1,300,092 shares of Common Stock, at an agreed price of $0.375 per share with an aggregate value of $487,500 previously issued to Ralph Spencer on January 31, 2020, were canceled as part of a series of monthly redemptions. Of this amount, $195,014 or the original issue price of $0.15 per share was charged to the Common Stock and Additional Paid-in Capital accounts. The $292,486 balance was charged to Retained Earnings.

On November 29, 2021, we issued 66,667 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $50,000. In connection with this issuance, we also issued warrants to purchase 66,667 shares of Common Stock to the investor at an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 800,000 shares of Common Stock to two investors based on a subscription price of $0.75 per share with an aggregate value of $600,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 2,000,000 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $1,500,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 66,667 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $50,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 106,670 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $80,003. In connection with this issuance, we also issued warrants to purchase 106,670 shares of Common Stock to the investor at an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 29, 2021, we issued 66,667 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $50,000. In connection with this issuance, we also issued warrants to purchase 66,667 shares of Common Stock to the investor at an exercise price of $1.50 per share. These shares and warrants were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 2, 2021, we issued 1,000,000 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $750,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 14, 2021, 1,300,092 shares of Common Stock, at an agreed price of $0.375 per share with an aggregate value of $487,500 previously issued to Ralph Spencer on January 31, 2020, were canceled as part of a series of monthly redemptions. Of this amount, $195,014 or the original issue price of $0.15 per share was charged to the Common Stock and Additional Paid-in Capital accounts. The $292,486 balance was charged to Retained Earnings.

On December 30, 2021, we issued 200,000 shares of Common Stock to an investor based on a January 18, 2021 agreement date to issue this stock in exchange for his 100%, and the only membership interest, in Day Dreamer Productions LLC. The closing price on January 18, 2021 was $1.12 per share giving an aggregate value of $224,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 31, 2021, we issued 400,000 shares of Common Stock to a vendor valued at the day's $9.24 closing price with an aggregate value of $3,696,000 in connection with the acquisition of sawmill equipment. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On January 16, 2022, we issued 266,667 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $200,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On January 20, 2022, we issued 200,000 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $150,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act

On March 23, 2022, we issued 1,000,000 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $750,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On April 18, 2022, we issued 266,667 shares of Common Stock to an investor based on a subscription price of $0.75 per share with an aggregate value of $200,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On August 12, 2022, the Company issued 500,000 shares of its common stock with an aggregate value of $1,500,000 as partial consideration for entering into a restricted sublicense agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 5, 2022, we issued 3,500,000 shares of Common Stock to an entity with an aggregate value of $7,175,000 in exchange for services. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 5, 2022, we issued 30,000 shares of Common Stock to an entity with an aggregate value of $61,500 in exchange for services. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 12, 2022, we issued 6,000,000 shares of Common Stock to an entity with an aggregate value of $14,400,000 in exchange for interest in VRM Global's U.S. subsidiary, the acquisition of certain inventory of raw materials and other contractual rights as provided for in the VRM Sublicense. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On October 13, 2022, we issued 200,000 shares of Common Stock to an investor based on a subscription price of $0.50 per share with an aggregate value of $100,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 7, 2022, we issued 100,000 shares of Common Stock to an entity with an aggregate value of $100,000 upon exercise of warrants at a price of $1.00 per share issued in connection with the Accel Media International, Inc. agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 7, 2022, we issued 100,000 shares of Common Stock to an entity with an aggregate value of $100,000 upon exercise of warrants at a price of $1.00 per share issued in connection with the Accel Media International, Inc. agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 21, 2022, we issued 25,000 shares of Common Stock to an investor based on a subscription price of $2.00 per share with an aggregate value of $50,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On November 23, 2022, we issued 25,000 shares of Common Stock to an investor based on a subscription price of $2.00 per share with an aggregate value of $50,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 2, 2022, we issued 25,000 shares of Common Stock to an investor based on a subscription price of $2.00 per share with an aggregate value of $50,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 2, 2022, we issued 100,000 shares of Common Stock to an investor based on a subscription price of $2.00 per share with an aggregate value of $200,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 5, 2022, we issued 50,000 shares of Common Stock to an investor based on a subscription price of $2.00 per share with an aggregate value of $100,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 13, 2022, we issued an aggregate of 75,000 shares of Common Stock to two investors based on a subscription price of $2.00 per share with an aggregate value of $150,000 and warrants to purchase 75,000 shares of our common stock at an exercise of $3.00 per share, exercisable for a period of one year after the date of issuance. These securities were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 22, 2022, we issued an aggregate of 160,000 shares of Common Stock to four investors based on a subscription price of $2.00 per share with an aggregate value of $270,000 and warrants to purchase 160,000 shares of our common stock at an exercise of $3.00 per share, exercisable for a period of one year after the date of issuance. These securities were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 22, 2022, we issued 100,000 shares of Common Stock to a holder of our warrants for an aggregate value of $100,000 upon exercise of the warrants at a price of $1.00 per share issued in connection with the Accel Media International, Inc. agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On December 23, 2022, we issued 50,000 shares of Common Stock to a holder of our warrants for an aggregate value of $50,000 upon exercise of the warrants at a price of $1.00 per share issued in connection with the Accel Media International, Inc. agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On January 4, 2023, we issued 250,000 shares of Common Stock to a holder of our warrants for an aggregate value of $250,000 upon exercise of the warrants at a price of $1.00 per share issued in connection with the Accel Media International, Inc. agreement. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

**ITEM 11. DESCRIPTION OF THE REGISTRANT'S SECURITIES TO BE REGISTERED**

**Description of Our Securities**

The following description of our capital stock is based upon our certificate of incorporation, as amended, our bylaws and applicable provisions of law, in each case as currently in effect. This discussion does not purport to be complete and is qualified in its entirety by reference to our certificate of incorporation, as amended, and our bylaws, copies of which are filed with the SEC as exhibits to this registration statement.

**Authorized Capital Stock**

As of January 5, 2023, our authorized capital stock consists of (i) 245,000,000 shares of common stock, par value $0.0001 per share ("Common Stock"), and (ii) 5,000,000 shares of preferred stock, par value $0.0001 per share ("Preferred Stock"), of which 100 shares were designated as Series A Preferred Stock (the "Series A Preferred"). At January 5, 2023, we had 74,881,742 shares of Common Stock issued and outstanding and 90 shares of Series A Preferred Stock issued and outstanding.

As of January 5, 2023, there were 197 holders of record of our Common Stock and one holder of record of our Series A Preferred Stock.

***Common Stock***

*Voting*

The holders of our common stock are entitled to one vote for each share held on all matters to be voted on by the Company's stockholders. There shall be no cumulative voting.

*Dividends*

The holders of shares of our common stock are entitled to dividends when and as declared by the Board from funds legally available therefor if, as and when determined by the Board of Directors of the Company in their sole discretion, subject to provisions of law, and any provision of the Company's Certificate of Incorporation, as amended from time to time. There are no preemptive, conversion or redemption privileges, nor sinking fund provisions with respect to the common stock.

*Liquidation*

In the event of any voluntary or involuntary liquidation, dissolution or winding up of our affairs, the holders of our common stock will be entitled to share ratably in the net assets legally available for distribution to stockholders after the payment of or provision for all of our debts and other liabilities.

*Fully Paid and Non-assessable*

All outstanding shares of common stock are, and the common stock to be outstanding upon completion of this offering will be, duly authorized, validly issued, fully paid and non-assessable.

***Warrants***

On October 4, 2022, we issued 2,000,000 warrants to purchase our common stock at a price of $1.00 per share, subject to adjustment as discussed below, at any time commencing on the date the warrants were issued and terminating 90 days thereafter..

The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances, including in the event of a stock dividend, extraordinary dividend on or recapitalization, reorganization, merger or consolidation.

The warrants may be exercised upon surrender of the warrant certificate on or prior to the expiration date at the offices of the Company, with the exercise form attached to the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price, by certified or official bank check payable to us, for the number of warrants being exercised. The warrant holders do not have the rights or privileges of holders of common stock and any voting rights until they exercise their warrants and receive shares of common stock. After the issuance of shares of common stock upon exercise of the warrants, each holder will be entitled to one vote for each share held of record on all matters to be voted on by stockholders.

No fractional shares of common stock will be issued upon exercise of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, eliminate such fractional share interest by paying the holder an amount in cash computed by multiplying the fractional interest by the fair market value of a share of our common stock as determined by our board of directors.

**Preferred Stock**

We are authorized to issue up to 5,000,000 shares of preferred stock, of which 100 shares were designated as Series A Preferred Stock. The remaining 4,999,900 shares of undesignated preferred stock may be issued in one or more series, the terms of which may be determined at the time of issuance by our board of directors without further action by stockholders. The terms of any series of preferred stock may include voting rights (including the right to vote as a series on particular matters), preferences as to dividend, liquidation, conversion and redemption rights and sinking fund provisions. The issuance of any preferred stock could materially adversely affect the rights of the holders of our common stock, and therefore, reduce the value of our common stock. In particular, specific rights granted to future holders of preferred stock could be used to restrict our ability to merge with, or sell our assets to, a third party and thereby preserve control by the present management.

Each one share of Series A Preferred Stock has voting rights equal to the quotient of the sum of all outstanding shares of common stock together with any and all other securities of the Company that provide for voting on an "as converted" basis, divided by 0.99.

In connection with the merger with Sierra (our predecessor) in April 2019, as part of the merger consideration, 90 shares of Series A Preferred Stock were transferred to Anthony Raynor, our Chief Executive Officer and Director.

**Piggyback registration rights**

During the period from October 1, 2021 through November 15, 2021, the Company issued 5,440,004 shares of common stock at a purchase price of $0.75 per share (for an aggregate of $4,080,000 of proceeds) to accredited investors in a private placement under Rule 506(b) of Regulation D of the Securities Act. In connection with the issuance of such shares, the Company also issued warrants to purchase 2,373,337 shares of common stock at an exercise of $1.50 per share. The 5,440,004 shares of common stock and the shares to be issued upon the exercise of warrants to purchase 2,373,337 shares of common stock are entitled to piggyback registration rights. If we register any of our securities either for our own account or for the account of other security holders, the holders of these shares are entitled to include their shares in the registration. Subject to certain exceptions, we and the underwriters may limit the number of shares included in the underwritten offering if the underwriters believe that including these shares would adversely affect the offering.

During the period from November 17, 2022 through December 31, 2022, the Company issued 460,000 shares of common stock at a purchase price of $2.00 per share (for an aggregate of $920,000 of proceeds) to accredited investors in a private placement under Rule 506(b) of Regulation D of the Securities Act. In connection with the issuance of such shares, the Company also issued warrants to purchase 460,000 shares of common stock at an exercise of $3.00 per share. The 460,000 shares of common stock and the shares to be issued upon the exercise of warrants to purchase 460,000 shares of common stock are entitled to piggyback registration rights. If we register any of our securities either for our own account or for the account of other security holders, the holders of these shares are entitled to include their shares in the registration. Subject to certain exceptions, we and the underwriters may limit the number of shares included in the underwritten offering if the underwriters believe that including these shares would adversely affect the offering.

**Certain Anti-Takeover Provisions of Delaware Law and our Certificate of Incorporation, as Amended, and Bylaws**

We are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances, from engaging in a "business combination" with:

● a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an "interested stockholder");

● an affiliate of an interested stockholder; or

● an associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder.

A "business combination" includes a merger or sale of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:

● our board of directors approves the transaction that made the stockholder an "interested stockholder," prior to the date of the transaction;

● after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of Common Stock; or

● on or subsequent to the date of the transaction, the business combination is approved by our board of directors and authorized at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder.

Our authorized but unissued common stock and preferred stock are available for future issuances without stockholder approval and could be utilized for a variety of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

**Special Meeting of Stockholders**

Our bylaws provide that special meeting of our stockholders may be called only by the President or the Board of Directors.

**Removal of Directors**

Subject to the rights of the holders of any series of Preferred Stock then outstanding, any directors, or the entire Board of Directors, may be removed from office at any time, with cause, but only by the affirmative vote of the holders of at least a majority of the voting power of all of the then outstanding shares of capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class. Vacancies on the Board of Directors resulting from such removal may be filled by (1) the shareholders at a special meeting of the shareholders. by the vote of the holders of a majority of the shares entitled to vote at such meeting, or (2) by a majority of the directors then in office, though less than a quorum.

**Our Transfer Agent**

The transfer agent and registrar for our Common Stock is Pacific Stock Transfer Company. The transfer agent and registrar's address is 6725 Via Austi Parkway, Suite 300, Las Vegas, Nevada 89119. and its telephone number is (800) 401-1957.

We have agreed to indemnify Pacific Stock Transfer Company in its roles as transfer agent, its agents and each of its stockholders, directors, officers and employees against all liabilities, including judgments, costs and reasonable counsel fees that may arise out of acts performed or omitted for its activities in that capacity, except for any liability due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity.

**Provisions of our Certificate of Incorporation and Proposed Amended and Restated Certificate of Incorporation that May Have an Anti-Takeover Effect**

Other than our authorized but unissued common stock and "blank-check" preferred stock available for future issuance without stockholder approval, as described under "Common Stock" and "Preferred Stock" above, our certificate of incorporation does not contain any provisions that may be deemed to have an anti-takeover effect or may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, including attempts that might result in a premium being paid over the market price for the shares held by stockholders.

**Delaware Takeover Statute**

In general, Section 203 of the Delaware General Corporation Law prohibits a Delaware corporation that is a public company from engaging in any "business combination" (as defined below) with any "interested stockholder" (defined generally as an entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with such entity or person) for a period of three years following the date that such stockholder became an interested stockholder, unless: (1) prior to such date, our board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; (2) on consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding those shares owned (x) by persons who are directors and also officers and (y) by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or (3) on or subsequent to such date, the business combination is approved by our board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder.

Section 203 of the Delaware General Corporation Law defines "business combination" to include: (1) any merger or consolidation involving the corporation and the interested stockholder; (2) any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder; (3) subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; (4) any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any class or series of the corporation beneficially owned by the interested stockholder; or (5) the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.

**Potential for Anti-Takeover Effects**

While certain provisions of Delaware law may have an anti-takeover effect, these provisions are intended to enhance the likelihood of continuity and stability in the composition of our board of directors and in the policies formulated by the board, and to discourage certain types of transactions that may involve an actual or threatened change of control. In that regard, these provisions are designed to reduce our vulnerability to an unsolicited acquisition proposal. The provisions also are intended to discourage certain tactics that may be used in proxy fights. However, such provisions could have the effect of discouraging others from making tender offers for our shares and, as a consequence, they also may inhibit fluctuations in the market price of our common stock that could result from actual or rumored takeover attempts. Such provisions also may have the effect of preventing changes in our management.

**ITEM 12. INDEMNIFICATION OF DIRECTORS AND OFFICERS**

Our directors and officers are indemnified as provided by Delaware law, our certificate of incorporation, as amended, and our bylaws. We have agreed to indemnify each of our directors and certain officers against certain liabilities, including liabilities under the Securities Act. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions described above, or otherwise, we have been advised that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than our payment of expenses incurred or paid by our director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling our company pursuant to the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**ITEM 13. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

The financial statements required to be included in this registration statement appear immediately following the signature page to this registration statement beginning on page F-1.

**ITEM 14. CHANGES IN AND DISAGREEMENTS WITH AUDITORS ON ACCOUNTING AND FINANCIAL DISCLOSURE**

None.

**ITEM 15. FINANCIAL STATEMENTS AND EXHIBITS**

(a) The
 Sustainable Green Team, Ltd. Interim Condensed Unaudited Consolidated Financial Statements for the three and nine months ended October
 1, 2022 and October 2, 2021

---

| | |
|:---|:---|
| [Condensed Unaudited Consolidated Balance Sheets as of October 2, 2022 and January 1, 2022](#sus_001) | F-3 |
| [Condensed Unaudited Consolidated Statements of Operations for the three and nine months ended October 1, 2022 and October 2, 2021](#sus_002) | F-4 |
| [Condensed Unaudited Consolidated Statements of Changes in Stockholders' Equity for the nine months ended October 1, 2022 and October 2, 2021](#sus_003) | F-5 - F-6 |
| [Condensed Unaudited Consolidated Statements of Cash Flows for the nine months ended October 1, 2022 and October 2, 2021](#sus_004) | F-7 - F-8 |
| [Notes to Unaudited Condensed Consolidated Financial Statements](#sus_005) | F-9 - F-25 |

---

(b) The
 Sustainable Green Team, Ltd. Consolidated Financial Statements for the Years Ended January 1, 2022 and January 2, 2021

---

| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm](#S1_007) | F-28 |
| [Consolidated Balance Sheets as of January 1, 2022 and January 2, 2021 <u>(Audited)</u>](#S1_001) | F-29 |
| [Consolidated Statements of Operations for the years ended January 1, 2022 and January 2, 2021 <u>(Audited)</u>](#S1_002) | F-30 |
| [Consolidated Statements of Changes in Stockholders' Equity for the years ended January 1, 2022 and January 2, 2021 <u>(Audited)</u>](#S1_003) | F-31 - F-32 |
| [Consolidated Statements of Cash Flows for the years ended January 1, 2022 and January 2, 2021 <u>(Audited)</u>](#S1_005) | F-33 - F-34 |
| [Notes to Audited Consolidated Financial Statements](#S1_006) | F-35 - F-50 |

---

(c) A
 list of exhibits filed with this registration statement is included in the Exhibit Index immediately preceding such exhibits and
 is incorporated herein by reference.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br> **No.** | **Exhibit** |
| 2.1 | [Amended and Restated Share Purchase and Equity Exchange Agreement dated to be effective as of April 18, 2019, among the Company, National Storm Recovery, Inc., National Stormy Recovery, LLC, and Sierra Gold Merger Corp.](ex2-1.htm) |
| 2.2 | [Business Combination Agreement dated January 31, 2020, among the Company, Mulch Manufacturing, Inc., Anthony Raynor and Ralph Spencer.](ex2-2.htm) |
| 3.1 | [Certificate of Incorporation of the Company dated December 31, 2019.](ex3-1.htm) |
| 3.2 | [Bylaws.](ex3-2.htm) |
| 4.1 | [Promissory Note dated January 31, 2020, in the principal amount of $21,643,025 from the Company to Ralph Spencer.](ex4-1.htm) |
| 4.2 | [Subordinated Promissory Note dated January 31, 2019, in the principal amount of $6,000,000 from Mulch Manufacturing, Inc. to John Spencer.](ex4-2.htm) |
| 4.3 | [Addendum to Subordinated Promissory Note and Security and Pledge Agreements.](ex4-3.htm) |
| 4.4 | [Form of Warrant.](ex4-4.htm) |
| 10.1 | [The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan. †](ex10-1.htm) |
| 10.2 | [Restricted Sub-License Agreement dated August 9, 2022 between VRM International PTY LTD, VRM Global Holdings PTY LTD and The Sustainable Green Team Ltd.\*](ex10-2.htm) |
| 10.3 | [Deed of Variation 1 to Restricted Sub-License Agreement dated October 12, 2022 between VRM International PTY LTD, VRM Global Holdings PTY LTD, VRM Biologik Inc. and The Sustainable Green Team Ltd.\*](ex10-3.htm) |
| 10.4 | [Form of Independent Director Agreement. †](ex10-4.htm) |
| 10.5 | [Form of Indemnification Agreement. †](ex10-5.htm) |
| 10.6 | [Employment, Confidentiality, Non-Compete and Non-Solicitation Agreement between The Sustainable Green Team, Ltd. and Anthony Raynor dated as of February 1, 2020. †](ex10-6.htm) |
| 10.7 | [Form of Subscription Agreement.](ex10-7.htm) |
| 10.8 | [Corporate Communications Services Agreement among the Company, Day Dreamer Productions, LLC, ACCEL Media International LLC, and FMW Media Works LLC dated as of October 4, 2022.](ex10-8.htm) |
| 21.1 | [List of Subsidiaries.](ex21-1.htm) |

---

† Includes management contracts and compensation plans and arrangements.

\* Certain confidential information has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

**SIGNATURES**

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **THE SUSTAINABLE GREEN TEAM, LTD.** | **THE SUSTAINABLE GREEN TEAM, LTD.** |
|  |  | */s/ Anthony J. Raynor* |
|  | By: | Anthony J. Raynor |
|  | Title: | Chief Executive Officer |
| Date: January 19, 2023 |  |  |

---

**THE SUSTAINABLE GREEN TEAM, LTD**. **AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE FISCAL QUARTER ENDED OCTOBER 1, 2022**

**THE SUSTAINABLE GREEN TEAM LTD**. **AND SUBSIDIARIES**

**FOR THE FISCAL QUARTER ENDED OCTOBER 1, 2022**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **<u>Page</u>** |
| [Condensed Unaudited Consolidated Balance Sheets](#sus_001) | F-3 |
| [Condensed Unaudited Consolidated Statements of Operations](#sus_002) | F-4 |
| [Condensed Unaudited Consolidated Statements of Changes in Stockholders' Equity](#sus_003) | F-5 - F- 6 |
| [Condensed Unaudited Consolidated Statements of Cash Flows](#sus_004) | F-7 - F-8 |
| [Notes to Unaudited Condensed Consolidated Financial Statements](#sus_005) | F-9 - F-25 |

---

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES** 

**CONDENSED CONSOLIDATED BALANCE SHEETS** 

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **October 1, 2022** | **January 1, 2022** |
| **ASSETS** |  |  |
| Current Assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $42561 | $788242 |
| &nbsp;&nbsp;&nbsp;Short-term investments | 52 | 52 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net of allowance for doubtful accounts | 2048171 | 2538626 |
| &nbsp;&nbsp;&nbsp;Inventories | 14015714 | 7588085 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 2344675 | 1503504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | 18451173 | 12418509 |
| Property and equipment, net | 53822632 | 52049146 |
| Other Assets |  |  |
| &nbsp;&nbsp;&nbsp;Long-term investments | 958718 | 1051702 |
| &nbsp;&nbsp;&nbsp;Goodwill | 224000 | 224000 |
| &nbsp;&nbsp;&nbsp;Intangibles | 76520 | 84440 |
| &nbsp;&nbsp;&nbsp;ROU asset | 8133862 | 977355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Other Assets | 9393100 | 2337497 |
| **Total Assets** | $81666905 | $66805152 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $4156371 | $2671776 |
| &nbsp;&nbsp;&nbsp;Current portion of lease liability | 2971083 | 249186 |
| &nbsp;&nbsp;&nbsp;Notes payable | 6007275 | 4486461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | 13134729 | 7407423 |
| Long-term Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Lease liabilities, net of current portion | 5177513 | 751606 |
| &nbsp;&nbsp;&nbsp;Notes payable, net of current portion | 20837354 | 17480621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Long-term Liabilities | 26014867 | 18232227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 39149596 | 25639650 |
| Commitments and contingencies |  |  |
| Stockholders' Equity |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Series A stock, $0.0001 par value, 5,000,000 shares authorized, 90 shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value; 245,000,000 shares authorized; 86,193,300 and 90,460,425 shares issued and outstanding, respectively | 8619 | 9046 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 36361808 | 34536450 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 6146882 | 6620006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Equity | 42517309 | 41165502 |
| **Total Liabilities and Stockholders' Equity** | $81666905 | $66805152 |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **October 1, 2022** | **October 2, 2021** | **October 1, 2022** | **October 2, 2021** |
| Net Revenue | $6425129 | $4898300 | $28978933 | $25887652 |
| Cost of revenue | 2169231 | 5464077 | 23410731 | 24556926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total gross profit | 4255898 | (565777) | 5568202 | 1330726 |
| Operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 1950764 | 1238412 | 4522391 | 3461715 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 5640 | 8620 | 16920 | 23220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1956404 | 1247032 | 4539311 | 3484935 |
| Income (loss) from operations | 2299494 | (1812809) | 1028891 | (2154209) |
| Other income (expense) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | (882284) | 194130 | (1805606) | (291455) |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain (Loss) |  | (198296) | 598300 | (198296) |
| &nbsp;&nbsp;&nbsp;Debt Forgiveness |  | 154928 | 1236080 | 1613128 |
| &nbsp;&nbsp;&nbsp;Gain on sale of fixed assets | (90) |  | 16833 |  |
| &nbsp;&nbsp;&nbsp;Other income, net | 14486 | (3912) | 138755 | (3959) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense | (867889) | 146850 | 184362 | 1119418 |
| Income (loss) before provision for income taxes | 1431606 | (1665959) | 1213253 | (1034791) |
| Provision for income taxes | 201980 | (325496) | 223948 | (286840) |
| Net Income (loss) | $1229626 | $(1340463) | $989305 | $(747951) |
| Net income (loss) per common share - basic | $0.01 | $(0.01) | $0.01 | $(0.01) |
| Net income (loss) per common share - diluted | $0.01 | $(0.01) | $0.01 | $(0.01) |
| Weighted average shares outstanding - basic | 85287570 | 91932965 | 86829899 | 90288826 |
| Weighted average shares outstanding - diluted | 90927574 | 91932965 | 92469903 | 90288826 |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**

**(Unaudited)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Nine Months Ended October 1, 2022:** | | | | | | | |
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** |<br>**Retained**<br>**Earnings** |<br>**Total** |
| **Balance at January 1, 2022** | 90 | $- | 90460425 | $9046 | $34536450 | $6620006 | $41165502 |
| Stock subscriptions |  |  | 1466667 | 147 | 1099853 |  | 1100000 |
| Stock redemptions |  |  | (3900275) | (390) | (584651) | (877459) | (1462500) |
| Net income |  |  |  |  |  | 76161 | 76161 |
| **Balance at April 2, 2022** | 90 | $- | 88026817 | $8803 | $35051652 | $5818710 | $40879163 |
| Stock subscriptions |  |  | 266667 | 26.67 | 199973 |  | 200000 |
| Stock redemptions |  |  | (2600183) | (260) | (389767) | (584972) | (975000) |
| Net income |  |  |  |  |  | (316482) | (316482) |
| **Balance at July 2, 2022** | 90 | $- | 85693300 | $8569 | $34861858 | $4917256 | $39787681 |
| Stock subscriptions |  |  | 500000.00 | 50.00 | 1499950 |  | 1500000 |
| Stock redemptions |  |  |  |  |  |  | 0 |
| Net income |  |  |  |  |  | 1229626 | 1229626 |
| **Balance at October 1, 2022** | 90 | $- | 86193300 | $8619 | $36361808 | $6146883 | $42517307 |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Nine Months Ended October 2, 2021:** | | | | | | | |
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** |<br>**Retained**<br>**Earnings** |<br>**Total** |
| **Balance at January 2, 2021** | 90 | $- | 89168405 | $8917 | $6725996 | $4392647 | $11127560 |
| Stock issued for 2020 debt inducement |  |  | 300000 | 30 | 62970 |  | 63000 |
| Stock issued for compensation |  |  | 25000 | 3 | 28797 |  | 28800 |
| Net income |  |  |  |  |  | (223426) | (223426) |
| **Balance at April 3, 2021** | 90 | $- | 89493405 | $8950 | $6817763 | $4169221 | $10995934 |
| Net income |  |  |  |  |  | 815937 | 815937 |
| **Balance at July 3, 2021** | 90 | $- | 89493405 | $8950 | $6817763 | $4985158 | $11811871 |
| Related party contribution on debt forgiveness |  |  |  |  | 17484728 |  | 17484728 |
| Note payable converted to stock |  |  | 6000000 | 600 | 3699400 |  | 3700000 |
| Net income |  |  | . |  |  | (1340463) | (1340463) |
| **Balance at October 2, 2021** | 90 | $- | 95493405 | $9550 | $28001891 | $3644695 | $31656136 |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Nine Months Ended** | **Nine Months Ended** |
|  | **October 1, 2022** | **October 2, 2021** |
| Cash flows from operating activities: |  |  |
| Net Income (Loss) | $989305 | $(747951) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Provision for (recovery of) doubtful accounts |  | 10051 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 2801391 | 3015127 |
| &nbsp;&nbsp;&nbsp;Common stock issued as compensation |  | 28800 |
| &nbsp;&nbsp;&nbsp;Equity increase in long term investment | 66389 | (371390) |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain | (598300) |  |
| &nbsp;&nbsp;&nbsp;(Gain) loss on sale of fixed assets | (16833) |  |
| &nbsp;&nbsp;&nbsp;Gain on Paycheck Protection Program debt forgiveness | (1236080) | (1613128) |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 2619827 | (300936) |
| &nbsp;&nbsp;&nbsp;Inventory | (6427629) | 2042214 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (841171) | (266029) |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 1484595 | 415220 |
| Net cash from (used in) operating activities | (1158506) | 2211978 |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property and equipment | (4405777) | (1054473) |
| &nbsp;&nbsp;&nbsp;Net short-term investment redemptions (purchases) |  | (198635) |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of property and equipment | 7422659 |  |
| &nbsp;&nbsp;&nbsp;Proceeds from long-term investments | 26595 | 106358 |
| Net cash from (used in) investing activities | 3043477 | (1146750) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Borrowings under factoring | 2427644 |  |
| &nbsp;&nbsp;&nbsp;Repayments under factoring | (4557013) |  |
| &nbsp;&nbsp;&nbsp;Principal payments on leases | (270655) | (145226) |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable | 5561800 | 1236080 |
| &nbsp;&nbsp;&nbsp;Payment on notes payable | (6154928) | (1047748) |
| &nbsp;&nbsp;&nbsp;Payment on notes payable, related parties |  | (698194) |
| &nbsp;&nbsp;&nbsp;Stock subscriptions | 2800000 |  |
| &nbsp;&nbsp;&nbsp;Stock redemptions | (2437500) | - |
| Net cash provided by (used in) financing activities | (2630652) | (655088) |
| Net increase (decrease) in cash | (745681) | 410140 |
| Cash - beginning of period | 788242 | 506287 |
| Cash - end of period | $42561 | $916427 |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS continued**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Nine Months Ended** | **Nine Months Ended** |
|  | **October 1, 2022** | **October 2, 2021** |
| Supplemental cash flow information: |  |  |
| Cash paid for: |  |  |
| &nbsp;&nbsp;&nbsp;Interest | $1852653 | $291202 |
| &nbsp;&nbsp;&nbsp;Income taxes | $- | $50 |
| Non-cash investing and financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Note and interest payable contribution to capital | $- | $17484728 |
| &nbsp;&nbsp;&nbsp;Forgiveness on note payable | $1236080 | $- |
| &nbsp;&nbsp;&nbsp;Purchase of plant, property and equipment for notes payable | $6706755 | $10847515 |
| &nbsp;&nbsp;&nbsp;Acquisition of right of use assets for lease obligations | $7418459 | $731426 |
| &nbsp;&nbsp;&nbsp;Stock issued for accrued debt inducement | $- | $63000 |
| &nbsp;&nbsp;&nbsp;Conversion of notes payable to stock | $- | $3700000 |
| &nbsp;&nbsp;&nbsp;Property and equipment bargain purchase recognition | $598300 | $- |

---

The accompanying footnotes are an integral part of these condensed consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM, LTD. AND SUBSIDIARIES**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Note 1 – organization and business operations**

*Corporate History*

The Sustainable Green Team, Ltd., (f/k/a Sierra Gold Corp.) (the "Parent" or "SGTM"), a Delaware corporation, conducts business activities principally through its three wholly-owned subsidiaries: National Storm Recovery LLC ("NSR LLC"), a Delaware limited liability company, Mulch Manufacturing, Inc., an Ohio corporation ("MM") and Sierra Gold Merger Corp. ("SGMC"), a Delaware corporation (collectively, the "Company").

The Company was initially formed under the name Alpha Diamond Corporation in the State of Nevada on January 22, 1997. It's undergone multiple name changes over the years and a domicile change to Wyoming on February 15, 2011.

Effective April 18, 2019, Sierra Gold Corp., ("SGCP"), entered into an equity exchange agreement (the "Merger"), as amended on December 31, 2019 with NSR LLC, pursuant to which SGCP acquired all of the membership units of NSR LLC. Upon closing, NSR LLC became a wholly-owned subsidiary of SGCP.

On July 22, 2019, a Certificate of Amendment was filed with the State of Wyoming to change the name of the Company from "Sierra Gold Corporation" to "National Storm Recovery, Inc." and to affect a 1 for 10,000 reverse stock split. At September 11, 2019, the Company's trading symbol changed from "SGCP" to "NSRI".

The stock split decreased the issued and outstanding shares of its common stock from 3,406,865,285 to 602,636 (after rounding up to a 100 share minimum) before SGCP issued 40,000,000 shares of its common stock to the members of NSR LLC as consideration for the equity interest's exchange. As a result of the Merger, NSR LLC members acquired 99% of SGCP's issued and outstanding shares of common stock and SGCP changed its principal focus to providing tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales.

The Merger was treated as a reverse recapitalization effected by an equity exchange for financial and reporting purposes since SGCP was deemed to be a shell corporation with nominal operations and no assets at the time of the merger. NSR LLC is considered the acquirer for accounting purposes, and the SGCP's historical financial statements before the Merger have been replaced with the historical financial statements of NSR LLC before the Merger in future filings.

On December 31, 2019, the Company entered into a restructuring as a holding company pursuant to Delaware General Corporation Law ("DGCL") §251(g) known as "the Delaware Holding Company Statute." In order to affect this restructuring NSRI and NSR LLC company each changed domiciles to the State of Delaware by filing Certificates of Conversion. Immediately thereafter, NSRI incorporated SGTM as its wholly-owned subsidiary and SGTM formed Sierra Gold Merger Corp., a Delaware corporation ("SGMC") as its wholly-owned subsidiary. Similarly, NSR LLC issued SGTM, 1,000 limited liability company Common Membership Units. Each of the four parties next executed an Agreement and Plan of Merger (the "Merger Agreement") as well as a Certificate of Merger, the latter of which was filed with the Delaware Secretary of State Division of Corporations on December 31, 2019 (collectively, the "Reorganization"). Pursuant to the terms of the Reorganization, NSRI merged down into SGMC with SGMC surviving as the successor to the reorganization, with all of the assets and liabilities of NSRI merging into SGMC and the separate existence of NSRI ceasing. The shares of SGTM and Membership Interests of NSR LLC, held by NSRI were canceled in the reorganization as part of the restructuring and the shares of NSRI became exchangeable for shares of SGTM on a one for one basis making SGTM the parent to both SGMC and NSR LLC as well as making SGTM the publicly-traded successor to NSRI. After obtaining FINRA approval on July 21, 2020, the Company changed its trading symbol to SGTM.

Effective January 31, 2020, the Company entered into a Business Combination Agreement (the "Mulch Acquisition") pursuant to which MM has become its wholly-owned subsidiary. Under the Mulch Acquisition, all issued and outstanding common stock in MM were converted into an aggregate of 40,000,000 shares of the Company's common stock (See Note 5).

The Company closed on the acquisition of 100% of the membership interests in Day Dreamer Productions LLC (DDP) on December 30, 2021. DDP is in the business of producing informational and promotional videography (See Note 5).

The Company closed on the acquisition of the Beaver, Washington real estate property on March 18, 2022. The Beaver mill is expected to come online in 2024 (See Note 6).

*Business Overview*

The Company is a wholesale manufacturer and supplier of wood-based mulch, soil, and lumber products, selling directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores and drug stores, in addition to wholesalers and distributors. The Company also provides arbor care and storm recovery services at the residential, commercial, and municipal levels while offering green waste solutions to large- and small-scale waste disposal and recycling companies located throughout the southeastern United States. The Company's subsidiary, Mulch Manufacturing Inc., is the largest provider of cypress mulch in the country.

Subsequent to the period end October 1, 2022, the Company entered into an agreement with Australia-based VRM Biologik Group to bring VRM's world-leading soil moisture technology to the U.S. at scale. HumiSoil® and XLR8 Bio® are soil treatment products that rebuild soil hydration on a cellular level, improving the soil and the vegetation and agricultural products it supports.

The Company will make HumiSoil® and XLR8 Bio® available for home gardens and lawns throughout the U.S. to help relieve water use in cities and to help VRM Biologik Group in its mission to restore productivity in depleted topsoil in 25 percent of the world's arable land.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*Basis of Presentation*

The accompanying unaudited condensed consolidated financial statements as of October 1, 2022 and January 1, 2022 and for the three months and nine months ended October 1, 2022 and October 2, 2021 have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the Company's financial position at such date and the operating results and cash flows for such periods. Operating results for the three months and nine months ended October 1, 2022 are not necessarily indicative of the results that may be expected for the entire year or for any subsequent interim period.

The Company has adopted the period end dates conforming to the industry standards used by MM, the Company's largest operating subsidiary. These period end dates follow a 52/53 week fiscal year which ends on the Saturday nearest to December 31.

These unaudited condensed consolidated financial statements and related notes should be read in conjunction with the audited financial statements included in the Company's Independent Audit for Years Ended January 1, 2022 and January 2, 2021 filed with the OTC Markets on March 31, 2022.

*Principles of Consolidation*

The unaudited condensed consolidated financial statements are presented on a comparative basis. The unaudited condensed consolidated balance sheets at October 1, 2022 and January 1, 2022 includes the accounts of SGTM, NRS LLC, MM, DDP LLC, Rose, and SGMC.

The unaudited condensed consolidated statement of operations for the three and nine months periods ended October 1, 2022 includes the accounts of SGTM, NRS LLC, MM, DDP LLC, Rose, and SGMC. For the three and nine months periods ended October 2, 2021 includes the accounts of SGTM, NRS LLC, MM, Rose, and SGMC.

The unaudited condensed consolidated statement of changes in stockholders' equity for the three and nine months ended October 1, 2022, includes the account balances of SGTM, NRS LLC, MM, DDP LLC, Rose, and SGMC. The three and nine months ended October 2, 2021, includes the account balances of SGTM, NRS LLC, MM, Rose, and SGMC.

The unaudited condensed consolidated statement of cash flows for the period ended October 1, 2022 includes the accounts of SGTM, NRS LLC, MM DDP LLC, and Rose. The nine months ended October 2, 2021, includes the accounts of SGTM, NRS LLC, MM and Rose.

*Use of Estimates*

The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, equity-based transactions, revenue and expenses and disclosure of contingent liabilities at the date of the consolidated financial statements. The Company bases its estimates and assumptions on historical experience, known or expected trends and various other assumptions that it believes to be reasonable. As future events and their effects cannot be determined with precision, actual results could differ from these estimates which may cause the Company's future results to be affected.

*Revenue*

The Company's revenues are derived from two major types of services to clients: landscape recovery services and the manufacturing and sale of landscape mulch. With respect to landscape recovery services, the Company provides tree services, debris hauling and removal and biomass recycling.

The Company recognizes revenue when its performance obligations are satisfied. With respect to landscape recovery services, its performance obligation is satisfied upon the completion of the landscape services for its customers. With respect to the manufacturing and selling of landscape mulch, its performance obligation is satisfied upon delivery to its customers. Services are provided for cash or on credit terms. These credit terms, which are established in accordance with local and industry practices, require payment generally within 30 days of performance or end of season for qualifying orders. The Company estimates and reserves for its bad debt exposure based on its experience with past due accounts and collectability, the aging of accounts receivable and its analysis of customer data.

**Disaggregated Revenues**

Revenue consists of the following by service and product offering for the three and nine months ended October 1, 2022 and October 2, 2021:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **October 1, 2022** | **October 2, 2021** | **October 1, 2022** | **October 2, 2021** |
| **Landscaping Recovery Services** | $1215721 | $1078878 | $3318751 | $2655425 |
| **Manufacturing and Sales of Mulch** | $5209408 | $3819422 | $25660182 | $23232227 |
| **Total** | $6425129 | $4898300 | $28978933 | $25887652 |

---

*Cash*

The Company considers all highly liquid short-term instruments that are purchased with an original maturity of three months or less to be cash equivalents. The Company did not have any cash equivalents as of October 1, 2022 and January 1, 2022.

*Account Receivable*

The Company periodically assesses its accounts receivable for collectability on a specific identification basis. If collectability of an account becomes unlikely, an allowance is recorded for that doubtful account. As of October 1, 2022 and January 1, 2022, the Company's allowance for doubtful accounts was $60,000.

*Due from Factor*

The Company has entered into an accounts receivable factoring arrangement with a financial institution (the "Factor") on March 2, 2022. Pursuant to the terms of the arrangement, the Company may transfer a portion of its receivables to the Factor, on a recourse basis. The eligible accounts receivable consists of accounts receivable generated by sales to certain customers. The eligible amount of customer accounts receivables which may be transferred under the Receivables Facility is $5,000,000. The Receivables Facility expires on July 2, 2023. The Company terminated its agreement with the Factor effective August 22, 2022.

As of October 1, 2022, there are $0 receivables Due from factor on the Company's condensed consolidated balance sheet.

*Inventories*

Inventories are stated at the lower of cost or net realizable value, with cost determined by the weighted-average cost method using full absorption costing for manufactured goods.

*Property and Equipment*

Property and equipment are recorded at cost. Expenditures that enhance the useful lives of the assets are capitalized and depreciated.

Depreciation is computed using the straight-line method over the estimated useful lives of the related capitalized assets. Machinery and equipment is generally depreciated over 7 years. Vehicles are generally depreciated over 5 years.

Maintenance and repairs are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, its cost and accumulated depreciation is removed from the accounts and the resulting gain or loss, if any, is reflected in operations.

*Impairment of Long-Lived Assets and Right of Use Asset*

The Company reviews long-lived assets, including finite-lived intangible assets and right of use ("ROU") lease assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets.

*Intangible Assets*

The Company records its intangible assets at cost in accordance with Accounting Standards Codification ("ASC") 350, *Intangibles – Goodwill and Other*. Finite lived intangible assets are amortized over their estimated useful life using the straight-line method, which is determined by identifying the period over which the cash flows from the asset are expected to be generated. During the three and nine months ended October 1, 2022 and October 2, 2021, the Company did not record a loss on impairment.

*Goodwill*

Goodwill represents the excess of the purchase price of the acquired business over the estimated fair value of the identifiable net assets acquired. Goodwill is not amortized but is tested for impairment at least annually at year end, at the reporting unit level or more frequently if events or changes in circumstances indicate that the asset might be impaired. Goodwill is tested for impairment at the reporting level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the reporting unit does not pass the qualitative assessment, then the reporting unit's carrying value is compared to its fair value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value. The discounted cash flow approach uses expected future operating results. Failure to achieve these expected results may cause a future impairment of goodwill at the reporting unit. No impairment of goodwill was recorded by the Company for the three and nine months ended October 1, 2022 and October 2, 2021.

*Advertising and Marketing Costs*

The Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $77,446 and $191,369 for the three and nine months ended October 1, 2022, respectively, and $102,647 and $212,973 for the three and nine months ended October 2, 2021, respectively, and are recorded in selling, general and administrative expenses on the statement of operations.

*Fair Value Measurements*

ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement framework applies at both initial and subsequent measurement.

The Company's financial assets and liabilities carried at fair value measured on a recurring basis as of October 1, 2022 and January 1, 2022, consisted of the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total fair value at**<br>**October 1, 2022** | **Quoted prices in active markets for identical**<br>**Assets (Level 1)** | **Significant other Observable inputs**<br>**(Level 2)** | **Significant other Unobservable inputs**<br>**(Level 3)** |
| Investment in mutual funds | $52 | $52 | $- | $- |

---

 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>**Total fair value at**<br>**January 1, 2022** | **Quoted prices in**<br>**active markets**<br>**for identical**<br>**Assets (Level 1)** |<br>**Significant other**<br>**Observable inputs**<br>**(Level 2)** |<br>**Significant other**<br>**Unobservable inputs**<br>**(Level 3)** |
| Investment in mutual funds | $52 | $52 | $- | $- |

---

*Net Income (Loss) per Common Share*

Basic net income (loss) per common share is computed by dividing the net income by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share includes the effect of Common Stock equivalents (stock options, unvested restricted stock, and warrants) when, under either the treasury or if-converted method, such inclusion in the computation would be dilutive.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Nine months Ended** | **Nine months Ended** |
|  | **October 1, 2022** | **October 2, 2021** | **October 1, 2022** | **October 2, 2021** |
| Numerator for basic and diluted earnings (loss) per share: |  |  |  |  |
| Net income (loss) | $1229626 | $(1108731) | $989305 | $(313250) |
| Denominator for basic earnings (loss) per share – |  |  |  |  |
| weighted average shares outstanding | 85287570 | 91932965 | 86829899 | 90288826 |
| Convertible notes | - | - | - | - |
| Denominator for diluted earnings (loss) per share – |  |  |  |  |
| weighted average and assumed conversion | 90927574 | 91932965 | 92469903 | 90288826 |
| Net income (loss) per share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic net income (loss) per share | $0.01 | $(0.01) | $0.01 | $(0.00) |
| &nbsp;&nbsp;&nbsp;Diluted net income (loss) per share | $0.01 | $(0.01) | $0.01 | $(0.00) |

---

*Income Taxes*

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company utilizes ASC Topic 740, "Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is "more likely-than-not" that a deferred tax asset will not be realized. For tax positions that meet a "more likely than not" threshold, the Company recognizes the benefit in the consolidated financial statements.

For the three months ended October 1, 2022 and October 2, 2021, the Company recognized approximately $202,000 tax expense and a $325,000 tax benefit, respectively, and a $224,000 tax expense and $287,000 tax benefit for the nine months ended October 1, 2022 and October 2, 2021 respectively. These tax provisions were based on a 27% effective rate for federal and state income taxes after accounting for permanent differences between book and taxable income.

The Company's practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense in the consolidated statements of operations.

*Recent Accounting Pronouncements*

In December 2019, the FASB issued ASU 2019-12, simplifying the Accounting for Income Taxes (Topic 740) as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. This guidance is effective for interim and annual reporting periods beginning within 2021.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard was effective for the Company's interim and annual periods beginning January 1, 2019 and was applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of ASU 2016 - 02 had a material impact on the Company's consolidated financial statements and related disclosures.

**NOTE 3 – INVENTORIES**

Inventories are stated at the lower of cost or net realizable value, with cost determined by the weighted-average cost method. The Company's inventories are comprised of the following for the periods ended October 1, 2022 and January 1, 2022:

---

| | | |
|:---|:---|:---|
|  | October 1, 2022 | January 1, 2022 |
| Raw Materials | $9714489 | $4453785 |
| Work in process | 1211640 | 1155439 |
| Finished goods | 3089585 | 1978861 |
|  | $14015714 | $7588085 |

---

**NOTE 4 – PROPERTY AND EQUIPMENT**

Property and equipment consist of the following:

---

| | | |
|:---|:---|:---|
|  | **October 1, 2022** | **January 1, 2022** |
| Machinery and equipment | $18601332 | $20777465 |
| Vehicles | 5290664 | 4383043 |
| Land | 6807573 | 6807573 |
| Buildings | 6255635 | 6234718 |
| Leasehold improvements | 458926 | 283268 |
| Construction in process | 24974438 | 19599106 |
|  | 62388569 | 58085173 |
| Less: accumulated depreciation | (8565937) | (6036027) |
| Property and equipment, net | $53822632 | $52049146 |

---

Total depreciation expense between cost of revenue and operating expenses for the three months and nine months ended October 1, 2022 was $847,452 and $2,531,519, respectively. For the three months and nine months ended October 2, 2021, the total depreciation expense between cost of revenue and operating expenses was $827,616 and $2,428,848, respectively.

**NOTE 5 – ACQUISITIONS**

*Mulch Manufacturing, Inc. Acquisition*

On January 31, 2020, the Company entered into a Business Combination Agreement (the "Mulch Acquisition") with MM and its sole shareholder, Ralph Spencer ("Spencer") (collectively the "MM Parties"), pursuant to which the Company acquired all of the shares of MM. Upon closing, MM became a wholly-owned subsidiary of SGTM.

Pursuant to the Mulch Acquisition, at the effective time of the acquisition:

● All
 of MM's outstanding common stock was exchanged for an aggregate of 40,000,000 shares of SGTM's common stock.

● One
 million shares previously issued to the MM shareholder in connection with the sale of equipment by MM to NSR LLC in November 2019
 were cancelled.

● There
 were specific excluded assets that were retained by Spencer and treated as transferred to Spencer prior to the acquisition consisting
 of cash, real estate, and certain vehicles and equipment. Spencer agreed to allow the Company to use some of the real estate rent-free
 until January 31, 2022, at which time the Company has the option of either leasing or purchasing it at the fair market value (see
 Note 11). The Company has estimated the value of the rent abatement and included it as an ROU asset, as noted below, in the amount
 of $817,503.

● All
 of the existing MM notes, notes, accounts receivable, and inventory at the date of the Mulch Acquisition are included in the acquisition
 and the Company has immediate possession of them by its ownership of MM. However, the 40 million shares of the Company's common
 stock that was issued as consideration was based on these assets being removed from MM prior to the acquisition. The value of these
 assets are valued separately from the share exchange and that certain demand promissory note payable to Spencer in the amount of
 approximately $14 million was adjusted to reflect the value of the inventory, accounts receivable, and any other sums lent by Spencer
 to MM.

The Company accounted for these transactions in accordance with the acquisition method of accounting for business combinations. An independent appraisal, made in February 2020, determined the fair market value of MM's property and equipment to be $17,228,295. Assets and liabilities of the acquired business were included in the unaudited condensed consolidated balance sheets as of October 1, 2022 and January 1, 2022, based on their respective estimated fair values on the date of acquisition. Based on a closing market price of $0.15 per share on the January 31, 2020, business combination date, the assumption of net liabilities plus a bargain purchase recognition and asset write-up, the Company is recognizing the allocation to the accounts of MM as follows:

---

| | | | |
|:---|:---|:---|:---|
| Appraised fair market value of property and equipment |  |  | $17228295 |
| ROU Asset value on property rent abatement |  |  | 817503 |
| Less: Net book value of just MM's property and equipment on January 31, 2020 |  |  | (1883657) |
| Excess of fair market over net book value of MM property and equipment |  |  | 16162141 |
| Value of common stock issued for MM |  | $6000000 |  |
| Net book value of MM on January 31, 2020: |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $6240670 |  |  |
| &nbsp;&nbsp;&nbsp;Accounts Receivable and inventory | 15402355 |  |  |
| &nbsp;&nbsp;&nbsp;Property and equipment | 1883657 |  |  |
| &nbsp;&nbsp;&nbsp;Investments | 830000 |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 192361 |  |  |
| &nbsp;&nbsp;&nbsp;Supply agreement | 453750 |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (1215820) |  |  |
| &nbsp;&nbsp;&nbsp;Notes payable | (25643025) |  |  |
| Net book value (assumed) of MM on January 31, 2020 |  | (1856052) |  |
| Total purchase price, including assumed net liabilities, of MM |  |  | 7856052 |
| Excess of fair value over net book value plus purchase price of MM property and equipment (bargain purchase gain) (a) |  |  | $8306089 |
| Purchase price of MM |  |  | $7856052 |
| Bargain purchase gain and property and equipment write-up |  |  | 8306089 |
| Net book value of MM on January 31, 2020 |  |  | (1856052) |
| &nbsp;&nbsp;&nbsp;Total to be allocated |  |  | $14306089 |
| Allocation of MM purchase price and bargain purchase gain: |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash |  |  | $6240670 |
| &nbsp;&nbsp;&nbsp;Accounts Receivable and inventory |  |  | 15402355 |
| &nbsp;&nbsp;&nbsp;Property and equipment |  |  | 17228295 |
| &nbsp;&nbsp;&nbsp;ROU Assets |  |  | 817503 |
| &nbsp;&nbsp;&nbsp;Investments |  |  | 830000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other assets |  |  | 192361 |
| &nbsp;&nbsp;&nbsp;Supply agreement |  |  | 453750 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses |  |  | (1215820) |
| &nbsp;&nbsp;&nbsp;Notes payable |  |  | (25643025) |
|  |  |  | $14306089 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) At
 time of the Mulch acquisition, the Company did not record the fair market value of "free rent" as part of the acquisition
 gain, nor did it record rent expense from January 20, 2020 through August 16, 2021. The Net Present Value of "free rent"
 at the time of the acquisition was $817,503

*Day Dreamer Productions LLC Acquisition*

The Company entered into an agreement to acquire 100% of the membership interest of Day Dreamer Productions, LLC around January 18, 2021, in exchange for 200,000 shares of the Company's stock. This transaction was closed on December 30, 2021, when the Company issued the shares to its sole member. This member was also retained as an employee with responsibility for managing the activities of Day Dreamer Productions, LLC.

*Beaver, Washington Real Estate Acquisition*

On March 18, 2022, the Company acquired the Beaver, Washington real estate property for $1,025,475, of which, $200,000 was previously put down as deposits, and $825,475 was paid at closing. The acquisition of the Beaver, Washington sawmill was closed in December 2021. We expect to begin producing pine bark and marketable lumber at the Beaver mill in 2024.

**NOTE 6 – INTANGIBLE ASSETS**

The below table summarizes the identifiable intangible assets as of October 1, 2022 and January 1, 2022:

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Useful life** | **October 1, 2022** | **January 1, 2022** |
| Supply contract <sup>(1)</sup> |  | 10 | $453750 | $453750 |
| Less: | Accumulated amortization |  | $(59730) | $(51810) |
|  | Impairment |  | $(317500) | $(317500) |
| Total |  |  | $76520 | $84440 |

---

(1) These
 intangible assets were acquired in the acquisition of MM on January 31, 2020.

The weighted average useful life remaining on identifiable intangible assets is 7.50 years.

Amortization of identifiable intangible assets for the three and nine months ended October 1, 2022 was $2,640 and $7,920, respectively. Amortization of identifiable intangible assets for the three and nine months ended October 2, 2021 was $3,520 and $7,920, respectively.

The below table summarizes the future amortization expense for the next five years:

---

| | |
|:---|:---|
| 2022 | $2640 |
| 2023 | $10560 |
| 2024 | $10560 |
| 2025 | $10560 |
| 2026 | $10560 |
| Thereafter | $31640 |
|  | $76520 |

---

**NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES**

Accounts payable and accrued expenses consist of the following amounts:

---

| | | |
|:---|:---|:---|
|  | **October 1, 2022** | **January 1, 2022** |
| Accounts payable | $3569188 | $2350056 |
| Accrued interest | 34392 | 8076 |
| Accrued expenses | 552791 | 313644 |
|  | $4156371 | $2671776 |

---

**NOTE 8 –NOTES PAYABLE**

---

| | | |
|:---|:---|:---|
|  | **Oct 1, 2022** | **Jan 1, 2022** |
| Seller note payable bearing interest at 6.0%, monthly payments of principal and interest of $76,300 beginning October 2021 with a $9,819,606 balloon due September 2024, secured by mortgaged real estate | $10365666 | $10580504 |
| Various third-party obligations secured by assets the Company acquired subject to this indebtedness to various third-party creditors, bearing interest at a 5% average rate. Monthly payments of $122,881 principal and interest beginning January 2022 through December 2024 | 3402433 | 4100000 |
| Unsecured note payable to seller on bulk equipment purchase, bearing 4.0% interest. First $300,000 payment of principal and interest due March 2022, $200,000 payments of principal and interest due quarterly thereafter until paid in full | 934391 | 1400000 |
| Note payable to a bank, secured by equipment, bearing interest at 2.95%. Monthly payments of principal and interest in the amount of $28,698 beginning January 2021 and due through December 2025 | 1065982 | 1297817 |
| Unsecured note payable to a financial institution under the SBA Paycheck Protection Program for MM bearing interest at 1.0%. Monthly payments of principal and interest in the amount of $82,061 beginning August 2022 are due through April 2023. | -0- | 1236080 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $8,750 due August 2020 through July 2025. | 285765 | 342680 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $8,316 due August 2020 through July 2025. | 274505 | 325718 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $7,034 due August 2020 through July 2025. | 293739 | 347452 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $7,392 due February 2021 through January 2026. | 289517 | 334000 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,230 due December 2020 through November 2025. | 191099 | 222887 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due November 2020 through October 2025. | 185497 | 217213 |

---

---

| | | |
|:---|:---|:---|
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due October 2020 through September 2025. | 176300 | 212727.0 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,341 due August 2020 through July 2025. | 175095 | 209200.0 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due August 2020 through July 2025. | 180906 | 208226.0 |
| Note payable to the individual seller of the landscaping and recovery services business to NSR LLC bearing interest at 5%. Monthly payments of $5,000 are due through October 2023 with a $100,000 balloon due November 2023 | 153143 | 195779.0 |
| Non-interest bearing note payable to an equipment financing company with monthly principal payments of $5,842 due December 2021 through November 2023 | 87622 | 134353.0 |
| Non-interest bearing note payable to an equipment financing company with monthly principal payments of $16,460 due May 2021 through April 2022. | -0- | 65838.0 |
| Note payable to an equipment financing company bearing interest at 0.00%. Monthly payments of principal of $6,993 beginning November 2020 are due through October 2022 | 6993 | 69928.0 |
| Note payable to an equipment financing company bearing interest at 9%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $3,933 to $3,993 and extended three months through December 2023 | 60090 | 87611.0 |
| Note payable to an equipment financing company bearing interest at 5.94%. Monthly payments of principal and interest of $1,174 beginning January 2022 through March 2028 | 65944 | 73217.0 |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $2,410 to $2,452 and extended three months through December 2023 | 37181 | 54397.0 |
| Note payable to an equipment financing company bearing interest at 9%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $1,861 to $1,890 and extended three months through December 2023 | 28442 | 41466.0 |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $1,808 to $1,840 and extended three months through December 2023 | 27873 | 40764.0 |
| Note payable to an equipment financing company bearing interest at 11%. Due to five month COVID-19 payment suspension, monthly payments of principal and interest of $1,692 due from August through July 2023 with a $10,152 balloon payment in August 2023 | 25257 | 36446.0 |
| Note payable to an equipment financing company bearing interest at 12%. Due to five month COVID-19 payment suspension, monthly payments of principal and interest of $1,749 due from August 2020 through June 2023 with a $10,496 balloon payment in July 2023 | 24422 | 37220.0 |
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $977 due through August 2024 | 20769 | 28071.0 |

---

---

| | | |
|:---|:---|:---|
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $932 due through September 2024 | 20642 | 27581 |
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $766 due through August 2024 | 16536 | 22395 |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $751 to $765 and extended three months through January 2024 | 12231 | 17512 |
| Note payable to an equipment financing company bearing interest at 10.64%. Monthly payments of principal and interest of $1,060 due through February 2027 | 44665 | -0- |
| Note payable to an individual bearing interest at 12%. Monthly payments of interest of $5,000 starting on March 17, 2022 and due through February 2023. The principal is due no later than February 17, 2023, with no penalty for prepayment | 500000 | -0- |
| Note payable to a financing company bearing interest at 25.0%. Weekly payments of principal and interest of $54,348 due through March 2023 | -0- | -0- |
| Note payable to an equipment financing company bearing interest at 11.45%. Monthly payments of principal and interest of $18,121 due through March 2027 | 761998 | -0- |
| Note payable to an equipment financing company bearing interest at 11.45%. Monthly payments of principal and interest of $11,312 due through March 2027 | 475671 | -0- |
| Note payable to an equipment financing company bearing interest at 12.45%. Monthly payments of principal and interest of $7,762 due through April 2027 | 324053 | -0- |
| Note payable to an equipment financing company bearing interest at 12.13%. Monthly payments of principal and interest of $2,610 due through April 2027 | 112674 | -0- |
| Note payable to an equipment financing company bearing interest at 12.00%. Monthly payments of principal and interest of $812 due through June 2028 | 40752 | -0- |
| Note payable to an equipment financing company bearing interest at 10.59%. Monthly payments of principal and interest of $7,067 due through June 2028 | 364059 | -0- |
| Note payable to an equipment financing company bearing interest at 10.20%. Monthly payments of principal and interest of $4,359 due through April 2027 | 193395 | -0- |
| Note payable to an insurance financing company bearing interest at 5.5%. Monthly payments of principal and interest of $21,774 due through February 2023 | 86108 | -0- |
| Note payable to an equipment financing company bearing interest at 11.86%. Monthly payments of principal and interest of $2,588 due through May 2025 | 70714 | -0- |
| Note payable to an equipment financing company bearing interest at 3.61%. Monthly payments of principal and interest of $7,907 due through April 2027 | 393591 | -0- |
| Note payable to an equipment financing company bearing interest at 3.61%. Monthly payments of principal and interest of $6,937 due through April 2027 | 351179 | -0- |

---

---

| | | |
|:---|:---|:---|
| Note payable to an equipment financing company bearing interest at 3.49%. Monthly payments of principal and interest of $7,118 due through April 2027 | 361288 | -0- |
| Note payable to an equipment financing company bearing interest at 7.70%. Monthly payments of principal and interest of $2,416 due through May 2027 | 115030 | -0- |
| Note payable to an equipment financing company bearing interest at 6.99%. Monthly payments of principal and interest of $14,056 due through June 2027 | 680058 | -0- |
| Note payable to an equipment financing company bearing interest at 6.99%. Monthly payments of principal and interest of $2,307 due through June 2027 | 111607 | -0- |
| Note payable to an equipment financing company bearing interest at 6.99%. Monthly payments of principal and interest of $1,468 due through June 2027 | 70996 | -0- |
| Note payable to an equipment financing company bearing interest at 6.99%. Monthly payments of principal and interest of $2,780 due through June 2027 | 134477 | -0- |
| Note payable to a financing company bearing interest at 10%. Weekly payments of principal and interest of $8,719 due through June 2023 | 220400 | -0- |
| Note payable to a financing company bearing interest at 12%. Weekly payments of principal and interest of $5,346 due through March 2023 | 95072 | -0- |
| Note payable to a financing company bearing interest at 12%. Weekly payments of principal and interest of $3,000 due through March 2023 | 55090 | -0- |
| Note payable to an equipment financing company bearing interest at 7.5%. Monthly payments of principal and interest of $11,850 due through August 2028 | 677784 | -0- |
| Note payable to an equipment financing company bearing interest at 7.5%. Monthly payments of principal and interest of $2,689 due through August 2028 | 155500 | -0- |
| Note payable to an equipment financing company bearing interest at 7.5%. Monthly payments of principal and interest of $830 due through August 2028 | 47990 | -0- |
| Note payable to an equipment financing company bearing interest at 8.3%. Monthly payments of principal and interest of $5,064 due through August 2027 | 251551 | -0- |
| Note payable to an equipment financing company bearing interest at 8.3%. Monthly payments of principal and interest of $6,474 due through September 2027 | 312840 | -0- |
| Note payable to an equipment financing company bearing interest at 8.3%. Monthly payments of principal and interest of $6,474 due through September 2027 | 312840 | -0- |
| Note payable to a financing company bearing interest at 8.0%. Monthly payments of interest of $8,739 due through August 2025 | 1054300 | -0- |
| Note payable to a financing company bearing interest at 7.5%. Monthly payments of principal and interest of $1,220 due through September 2027 | 60904 | -0- |
| Total notes payable to unrelated parties | 26844629 | 21967082 |
| Short-term portion of notes payable | 6007275 | 4486461 |
| Long-term portion of notes payable | $20837354 | $17480621 |

---

The schedule of future maturities on the above notes are as follows:

---

| | |
|:---|:---|
| Year | Amount |
| 2022 | $1684786 |
| 2023 | 5488188 |
| 2024 | 15021765 |
| 2025 | 2170997 |
| 2026 | 1509302 |
| 2027 & after | 969591 |
|  | $26844629 |

---

The above notes include one Paycheck Protection Program (PPP) loan by MM in the amount of $1,236,080 which was forgiven during the period ended October 1, 2022. The Company has recorded the gain on forgiveness of this indebtedness for the period ended October 1, 2022.

**Note 9 - Stockholders' Equity**

*Preferred Stock*

On December 31, 2019, the Company's Board of Directors adopted articles of incorporation in the state of Delaware authorizing, without further vote or action by the stockholders, to create out of the unissued shares of the Company's common stock, $0.0001 par value Preferred Stock. The Board of Directors is authorized to establish, from the authorized and unissued shares of Preferred Stock, one or more classes or series of shares, to designate each such class and series, and fix the rights and preferences of each such class of Preferred Stock; which class or series shall have such voting powers, such preferences, relative, participating, optional or other special rights, and such qualifications, limitations or restrictions as shall be stated and expressed in the resolution or resolutions providing for the issuance of such class or series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof. The articles of incorporation and designation authorizes the issuance of 5,000,000 shares of Preferred Stock, of which 100 shares have been designated as Series A Preferred Stock, of which 90 of Series A are issued and outstanding as of October 1, 2022. Each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Series A Preferred Stock held by such holder as of the record date for determining stockholders entitled to vote on such matter, with each share casting a vote equal to: the quotient of the sum of all outstanding shares of common stock together with any and all other securities of the Company that provide for voting on an "as converted" basis divided by 0.99.

*Equity Transactions During the Period*

The following issuances of common stock affected the Company's Stockholders' Equity:

On January 13, 2021, the Company issued 300,000 shares in satisfaction of a 2020 accrual for debt financing cost.

On March 5, 2021, the Company issued 25,000 shares to an employee as compensation.

On August 16, 2021, the Company recognized a $17,484,728 capital contribution from the extinguishment of debt.

On August 25, 2021, the Company issued 6,000,000 shares in exchange for a $3,400,000 note.

On October 4, 2021, the Company issued 125,000 shares for consulting service compensation.

Between October 15, and December 15, 2021, the Company redeemed 11,397,984 shares pursuant to a stock repurchase agreement (see Note 12).

Between October and December 15, 2021, the Company issued 5,640,004 shares pursuant to subscription agreements at a price of $0.75 per share. These agreements provided for piggyback registration rights on a potential future registration of Company stock. The agreements also provided stock warrants equal to the number of subscribed shares. These warrants can be exercised at a price of $1.50 per share and expire after one year. No allocation of proceeds was made to the warrants since the subscribed shares of common stock were issued at a price below that of the publicly traded shares.

On December 30, 2021, the Company issued 200,000 shares pursuant to an agreement to acquire 100% of the membership interest in Day Dreamer Production, LLC.

On December 31, 2021, the Company issued 400,000 shares to acquire equipment in Beaver, WA.

On January 16, 2022, we issued 266,667 shares of Common Stock based on a subscription price of $0.75 per share with an aggregate value of $200,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On January 20, 2022, we issued 200,000 shares of Common Stock based on a subscription price of $0.75 per share with an aggregate value of $150,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act

On March 23, 2022, we issued 1,000,000 shares of Common Stock based on a subscription price of $0.75 per share with an aggregate value of $750,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On April 18, 2022, we issued 266,667 shares of Common Stock based on a subscription price of $0.75 per share with an aggregate value of $200,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

On August 12, 2022, we issued 500,000 shares of Common Stock based on a subscription price of $3.00 per share with an aggregate value of $1,500,000. These shares were issued in reliance on Section 4(a)(2) of the Securities Act.

**NOTE 10 – LEASES**

A lease is defined as a contract that conveys the right to control the use of identified tangible property for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASC Topic 842 which primarily affected the accounting treatment for operating and finance lease agreements in which the Company is the lessee including Company leases of vehicles and equipment for use in the storm and disaster recovery work. The Company elected to not recognize ROU assets and lease liabilities arising from short-term leases with initial lease terms of twelve months or less (deemed immaterial) on the accompanying consolidated balance sheets.

ROU assets include any prepaid lease payments and exclude any lease incentives and initial direct costs incurred. Lease expense for minimum lease payments is recognized on the effective interest plus: for finance type leases, straight-line amortization of the asset's original ROU over its lease term; or, for operating leases, the effective amortization on the lease liability. The lease terms may include options to extend or terminate the lease if it is reasonably certain that the Company will exercise that option.

When measuring lease liabilities for leases that were classified as operating and financing leases as of January 1, 2019, NSR LLC discounted lease payments using its estimated incremental borrowing rate of 10% at January 1, 2019. Since April 1, 2020, MM has entered into operating leases using its incremental borrowing rate of 4% to discount lease payments.

The following table presents supplemental lease information:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| Lease cost | October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 |
| Finance lease cost |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Amortization on ROU assets | $84621 | $17792 | $120206 | $61481 |
| &nbsp;&nbsp;&nbsp;Interest on lease liabilities | 21328 | 4594 | 28101 | 22463 |
| Operating lease cost | 243406 | 1788 | 382601 | 5364 |
| Short-term lease cost | 108650 | 104203 | 272121 | _<u>378,607</u> |
| Total lease cost | $458005 | $132656 | $803029 | $467915 |
| Cash paid for amounts included in the measurement of lease liabilities for: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance leases: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financing cash flows | $40184 | $25942 | $63550 | $80402 |
| &nbsp;&nbsp;&nbsp;Operating leases: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating cash flows | $313003 | $1788 | $382601 | $5364 |
| Weighted-average remaining lease term: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance leases |  |  | 2.0 years | 2.1 years |
| &nbsp;&nbsp;&nbsp;Operating leases |  |  | 3.7 years | 5.1 years |
| Weighted-average discount rate: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance leases |  |  | 10.0% | 10.0% |
| &nbsp;&nbsp;&nbsp;Operating leases |  |  | 4.2% | 4.1% |

---

Supplemental balance sheet information related to leases is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Financial Statement Line Item** | **October 1, 2022** | **Jan 1, 2022** |
| Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | $8053555 | $848840 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 80307 | 128515 |
| &nbsp;&nbsp;&nbsp;**Total leased assets** | ROU asset | $8133862 | $977355 |
| Liabilities: |  |  |  |
| Current: |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | $2924602 | $183874 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 46481 | 65312 |
|  | Current portion of lease liability | 2971083 | 249186 |
| Non-current |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | 5126165 | 664966 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 51348 | 86639 |
|  | Lease liabilities, net of current portion | 5177513 | 751605 |
| &nbsp;&nbsp;&nbsp;**Total lease liabilities** |  | $8148596 | $1000791 |

---

As of October 1, 2022, remaining maturities of lease liabilities were as follows:

---

| | | |
|:---|:---|:---|
|  | Finance | Operating |
| 2022 | $13543 | $1159177 |
| 2023 | 54172 | 3478065 |
| 2024 | 40629 | 3458032 |
| 2025 |  | 579459 |
| 2026 |  | 106553 |
| 2027 and thereafter | - | 220235 |
| Total | $108344 | $9001521 |
| Amount representing interest | (10515) | (947966) |
| Lease liability | $97829 | $8053555 |

---

In conjunction with the Mulch Acquisition on January 31, 2020, disclosed in Note 6, the Company was provided benefit use of certain parcels of real property / facilities owned by Spencer for a period of two years which had a land value of $10,650,000 (Note 11 - "Settlement Note"). The annual rent expense was determined to be 4% of the property value or $426,000 annually. At time of the Mulch acquisition, the Company did not record the fair market value of "free rent" as part of the acquisition gain, nor did it record rent expense from January 20, 2020 through August 16, 2021. The Net Present Value of "free rent" at the time of the acquisition was $817,503 (using a 10% discount rate). On August 16, 2021, the Company purchased said property. The result of the transaction does not have an impact to the Company's financial statements in the current period and all beginning balances from January 1, 2021 reflect the proper amounts.

**NOTE 11 – COMMITMENTS AND CONTINGENCIES**

*Legal Claims*

The Sustainable Green Team, LTD is currently involved in arbitration with Emerging Markets Consulting, LLC ("EMC"), a former service provider of the Company. On October 21, 2020, EMC initiated arbitration against the Company, alleging, among other things, breach of contract related to an agreement entered into between the Company (via NSR LLC) and EMC, in which the Company engaged EMC to provide it with consulting services related to the Company's capital structure, investor relations strategies, and fundraising plans, including the filing of an S-1 registration statement at some point in the future, in exchange for equity compensation in the Company. EMC seeks relief against the Company in the form of the equity compensation pursuant to the agreement (2,000,000 shares of the Company's Common Stock) and damages. The Company denies EMC's allegations, and has also initiated counterclaims against EMC for breach of the agreement by EMC, in which it is seeking damages resulting from EMC's breach of its duties under the agreement.

In addition, the Company named in its counterclaim to EMC's claim another similar service provider, Rainmaker Group Consulting, LLC ("Rainmaker"), as a pre-emptive defense against any actions brought by Rainmaker against the Company. Rainmaker engaged by the Company in 2019 to provide similar consulting services as EMC was engaged to provide in exchange for the same compensation (2,000,000 shares of the Company's Common Stock). The Company alleges that Rainmaker breached its agreement with the Company by not providing the services provided in the agreement between the Company and Rainmaker, and therefore Rainmaker is not entitled to any equity compensation by the Company. The Company has taken this action as a defensive measure against potential (in the Company's opinion) frivolous lawsuits brought by Rainmaker against the Company.

The Company is confident it will prevail in the ongoing arbitration described above being overseen by the American Arbitration Association. (see Subsequent Event for settlement on October 6, 2022).

On March 25, 2021, the Company filed a civil complaint in the Ninth Judicial Circuit Court in Orange County, Florida against Ralph Spencer, the former owner and CEO of Mulch Manufacturing, Inc., alleging certain tortious interference with the Company's business operations and dealings. On April 1, 2021, the Company was granted an Emergency Temporary Injunction by the Ninth Judicial Circuit Court in Orange County, Florida enjoining Mr. Spencer from, among other things, further attempts to interfere with the Company's business operations. On August 16, 2021, the parties entered into a Settlement Agreement and Mutual Release (the "Settlement Agreement"), wherein, among other provisions, all outstanding debt was extinguished. The Company recognized a $17,484,728 capital contribution, credited to Additional Paid-in Capital, from the extinguishment of debt.

The Company agreed to pay Spencer $25,650,000 plus interest as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issuing
 Spencer a promissory note in the amount of $10,650,000 accruing interest at 6% per annum secured by four properties located in Florida
 and another in Georgia (the "Settlement Note"). The Settlement Note is amortized monthly over 20 years with a balloon
 payment of any outstanding balance on its third anniversary. The Company is current on all Settlement Note obligations as of the
 date of this Prospectus.

(b) paying
 Spencer a total of $15,000,000 in exchange for the redemption of Spencer's 40,000,000 shares of common stock and any and all
 ownership interests in which he may have or claim (the "Redemption Payment"). The Redemption Payment is to be paid to
 Spencer according to the following schedule: (i) $3,300,000 on October 15, 2021 in exchange for 8,797,800 common stock shares; and
 (ii) twenty-four (24) payments of $487,500 on the 15th of each month, commencing November 15, 2021, each for 1,300,091.67 common
 stock shares. Spencer executed a letter of instruction to the Company's transfer agent, Pacific Stock Transfer, and provided
 all shares to the transfer agent to allow for the immediate redemption upon each payment. The Company and Spencer are current on
 all Redemption Payment obligations as of the date of this Prospectus.

On April 18, 2022, the Company filed a second civil complaint in the Ninth Judicial Circuit Court in Orange County, Florida against Ralph Spencer, the former owner and CEO of Mulch Manufacturing, Inc., alleging certain tortious interference with the Company's business operations and dealings. On June 23, 2022, the Company was granted an Emergency Temporary Injunction by the Ninth Judicial Circuit Court in Orange County, Florida enjoining Mr. Spencer from, among other things, further attempts to interfere with the Company's business operations. The Company is currently attempting mediation regarding this matter and the obligations owed Mr. Spencer (see Note 8 Notes Payable and above in Note 11 relating to promissory note and stock redemptions). Should this mediation fail, the Company is confident it will receive a favorable judgment in the civil complaint filed against Mr. Spencer related to these matters.

*Stock Redemptions*

The Company is committed to buying back 40,000,000 shares of its common stock over 24 months beginning in October, 2021, at a price of $0.375 per share.

**NOTE 12 – CONCENTRATION OF CREDIT RISK**

*Cash Deposits*

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. As of October 1, 2022, the Company did not have any deposit amounts in excess of the FDIC insured limit.

*Revenues*

For the three and nine months ended October 1, 2022, one customer accounted for 22% and 22% of revenue, respectively. For the three months ended October 2, 2021, no customer accounted for more than 10% of revenue. For the nine months ended October 2, 2021, one customer accounted for 20% of revenue.

*Accounts Receivable*

As of October 1, 2022, one customer accounted for 21% of the Company's accounts receivable. As of January 1, 2022, one customer accounted for 24% of the accounts receivable.

**NOTE 13 – SUBSEQUENT EVENTS**

*EMC Arbitration Settlement*

On October 6, 2022, the Company entered into a Settlement Agreement and Mutual Release (the "Agreement") with EMC, Rainmaker, Mr. Painter, Mr. Cohen, and Mr. Lehrer, pursuant to which the parties agreed to amicably resolve all disputes between them without admitting any wrongdoing or liability. In full and final settlement of all claims and counterclaims between the parties, the Company agreed to pay EMC a total sum of $250,000, to be paid out monthly, in $50,000 or $25,000 increments, beginning on October 15, 2022 and ending on April 15, 2023. Rainmaker, Mr. Painter, Mr. Cohen, and Mr. Lehrer acknowledged and agreed that they are not entitled to receive any money or property from the Company or its CEO, Anthony J. Raynor. In addition, Mr. Raynor, agreed to transfer 100,000 of his personal shares of the Company's Common Stock to EMC. Mr. Raynor also agreed to transfer 100,000 of his personal shares of the Company's Common Stock to The Pink Butterfly Foundation, a Florida not for profit corporation ("Pink Butterfly") dedicated to assisting families with acute financial needs accompanying a heartbreaking and devastating sudden loss of a child. Both share transfers are to take place within twenty (20) days of the date of the Agreement.

*Expanded VRM Agreement*

As reported by the Company in its Financial Statements and Notes for the fiscal quarter ended July 2, 2022, which were uploaded to OTC Markets on August 22, 2022, on August 9, 2022, the Company entered into a restricted sublicense agreement (the "Agreement") with an innovative soil technology company, VRM Global Holdings Pty Ltd, and its wholly owned subsidiary VRM International PTY LTD (referred to herein together as the "Licensor").

The Agreement was amended on October 12, 2022, to substantially expand collaboration between the Company and Licensor. Under the amended Agreement, the Company acquired ten percent (10%) of the Licensor's subsidiary in the USA, in consideration for six (6) million shares of the Company's common stock. In addition, the Company's license to exploit Licensor's technology is extended to ten (10) years, with an option to renew for an additional five-years. The amended Agreement grants the Company worldwide distribution rights in addition to the right to exclusively manufacture the Licensor's catalyst in Florida, Washington State and the Caribbean. Further, the Company purchased an inventory of the Licensor's catalyst ingredients with a value of $80 million which gives the Company capacity to manufacture 4 million yards of Humisoil® and its companion products, expected to be worth over $950 million at retail market value.

*ACCEL Media International Agreement*

On October 4, 2022, the Company entered into an agreement with ACCEL Media International LLC ('ACCEL') to provide a bundle of media services including iconic billboards, short-form broadcasts, commercial and production guidance, media relations, and strategy planning and implementation with a market value of not less than $30,700,000 over a five year period. Short-form commercials highlighting SGTM and its sustainability message are expected to run across major news networks including Fox Business, Bloomberg, Newsmax and additional media outlets via AMI's network of media partnerships.

In consideration for the services, The Company shall tender: 1) Three Million Five Hundred Thousand (3,500,000) restricted shares of Common Stock (the "Initial Shares"), 2) A three year option to acquire five million (5,000,000) restricted shares of Common Stock at an exercise price of $2.00 per share of Common Stock, pursuant to the Option Agreement, and 3) A 90-day warrant pursuant to acquire up to two million (2,000,000) restricted shares of Common Stock at an exercise price of $1.00 per share of Common Stock.

**THE SUSTAINABLE GREEN TEAM, LTD**. **AND SUBSIDIARIES**

**CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE FISCAL YEARS ENDED JANUARY 1, 2022, AND JANUARY 2, 2021**

**THE SUSTAINABLE GREEN TEAM LTD**. **AND SUBSIDIARIES**

**FOR THE FISCAL YEAR ENDED JANUARY 1, 2022**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
| [Independent Auditor's Report](#S1_007) | F-28 |
| Consolidated Financial Statements |  |
| &nbsp;&nbsp;&nbsp;[Consolidated Balance Sheets](#S1_001) | F-29 |
| &nbsp;&nbsp;&nbsp;[Consolidated Statements of Operations](#S1_002) | F-30 |
| &nbsp;&nbsp;&nbsp;[Consolidated Statements of Changes in Stockholders' Equity](#S1_003) | F-31 - F-32 |
| &nbsp;&nbsp;&nbsp;[Consolidated Statements of Cash Flows](#S1_005) | F-33 - F-34 |
| &nbsp;&nbsp;&nbsp;[Notes to Consolidated Financial Statements](#S1_006) | F-35 - F-50 |

---

**Report of Independent Registered Public Accounting Firm**

To the shareholders and the board of directors of The Sustainable Green Team Ltd.

**Opinion on the Financial Statements**

We have audited the accompanying consolidated balance sheets of The Sustainable Green Team Ltd. as of January 1, 2022 and January 2, 2021, the related statements of operations, stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of January 1, 2022 and January 2, 2021, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/S/ BF Borgers CPA PC

**BF Borgers CPA PC**

We have served as the Company's auditor since 2020

Lakewood, CO

March 31, 2022

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **January 1, 2022** | **January 2, 2021** |
| **ASSETS** |  |  |
| Current Assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $788242 | $506287 |
| &nbsp;&nbsp;&nbsp;Short-term investments | 52 | 2801263 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net of allowance for doubtful accounts | 2538626 | 1631921 |
| &nbsp;&nbsp;&nbsp;Inventories | 7588085 | 9806776 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 1503504 | 628364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | 12418509 | 15374611 |
| Property and equipment, net | 52049146 | 24158297 |
| Other Assets |  |  |
| &nbsp;&nbsp;&nbsp;Long-term investments | 1051702 | 842272 |
| &nbsp;&nbsp;&nbsp;Goodwill | 224000 |  |
| &nbsp;&nbsp;&nbsp;Intangibles, net | 84440 | 95000 |
| &nbsp;&nbsp;&nbsp;ROU asset | 977355 | 748239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Other Assets | 2337497 | 1685511 |
| **Total Assets** | $66805152 | $41218419 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $2671776 | $711605 |
| &nbsp;&nbsp;&nbsp;Current portion of lease liability | 249186 | 132668 |
| &nbsp;&nbsp;&nbsp;Notes payable | 4486461 | 2459945 |
| &nbsp;&nbsp;&nbsp;Notes payable - related party | - | 2982417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | 7407423 | 6286635 |
| Long-term Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Lease liabilities, net of current portion | 751606 | 207328 |
| &nbsp;&nbsp;&nbsp;Notes payable, net of current portion | 17480621 | 4794541 |
| &nbsp;&nbsp;&nbsp;Note payable - related party, net of current portion | - | 18802355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Long-term Liabilities | 18232227 | 23804224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 25639650 | 30090859 |
| Commitments and contingencies |  |  |
| Stockholders' Equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Series A stock, $0.0001 par value, 5,000,000 shares authorized, 90 shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value; 245,000,000 shares authorized; 90,460,425 and 89,168,405 shares issued and outstanding, respectively | 9046 | 8917 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 34536450 | 6725996 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 6620006 | 4392647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Equity | 41165502 | 11127560 |
| **Total Liabilities and Stockholders' Equity** | $66805152 | $41218419 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
|  | **Jan 1, 2022** | **Jan 2, 2021** | **Jan 1, 2022** | **Jan 2, 2021** |
| Net Revenue | $6481332 | $4553195 | $32368984 | $30584291 |
| Cost of revenue | 6727297 | 5689014 | 31482519 | 27813403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total gross profit | (245965) | (1135819) | 886465 | 2770888 |
| Operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 1571667 | 948460 | 5033382 | 3902262 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 8361 | 276366 | 31581 | 377489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 1580028 | 1224826 | 5064963 | 4279751 |
| Loss from operations | (1825993) | (2360645) | (4178498) | (1508863) |
| Other income (expense) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | (216579) | (307994) | (508034) | (1044941) |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain | 7123084 |  | 7123084 | 8306088 |
| &nbsp;&nbsp;&nbsp;Debt forgiveness |  |  | 1613128 |  |
| &nbsp;&nbsp;&nbsp;Other income (expense), net | 30938 | (47060) | 26979 | 114518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense | 6937443 | (355054) | 8255157 | 7375665 |
| Income (loss) before provision for income taxes | 5111450 | (2715699) | 4076659 | 5866803 |
| Provision for income taxes | (429162) | (601848) | (716002) | (169191) |
| Net Income (loss) | $5540612 | $(2113851) | $4792661 | $6035994 |
| Net income (loss) per common share - basic | $0.06 | $(0.02) | $0.05 | $0.07 |
| Net income (loss) per common share - diluted | $0.06 | $(0.02) | $0.05 | $0.07 |
| Weighted average shares outstanding - basic | 89779971 | 89168405 | 90161612 | 84098649 |
| Weighted average shares outstanding - diluted | 95419975 | 89655905 | 95801616 | 84561183 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Twelve Months Ended January 1, 2022:** | | | | | | | |
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** |<br>**Retained**<br>**Earnings** |<br>**Total** |
| **Balance at January 2, 2021** | 90 | $- | 89168405 | $8917 | $6725996 | $4392647 | $11127560 |
| Stock issued for 2020 debt inducement |  |  | 300000 | 30 | 62970 |  | 63000 |
| Stock issued for compensation |  |  | 25000 | 3 | 28797 |  | 28800 |
| Net loss |  |  |  |  |  | (223426) | (223426) |
| **Balance as of April 3, 2021** | 90 |  | 89493405 | 8950 | 6817763 | 4169221 | 10995934 |
| Net income |  |  |  |  |  | 815937 | 815937 |
| **Balance as of July 3, 2021** | 90 |  | 89493405 | 8950 | 6817763 | 4985158 | 11811871 |
| Related party contribution on debt forgiveness |  |  |  |  | 17484728 |  | 17484728 |
| Note payable converted to stock |  |  | 6000000 | 600 | 3699400 |  | 3700000 |
| Net loss |  |  | . |  |  | (1340463) | (1340463) |
| **Balance as of October 2, 2021** | 90 | &nbsp;&nbsp;&nbsp;&nbsp;- | 95493405 | 9550 | 28001891 | 3644695 | 31656136 |
| Stock subscriptions |  |  | 5640004 | 564 | 4229439 |  | 4230003 |
| Stock redemptions |  |  | (11397984) | (1140) | (1708558) | (2565301) | (4274999) |
| Stock issued for compensation |  |  | 125000 | 12 | 93738 |  | 93750 |
| Stock issued for acquisitions |  |  | 600000 | 60 | 3919940 |  | 3920000 |
| Net income |  |  |  |  |  | 5540612 | 5540612 |
| **Balance as of January 1, 2022** | 90 | $- | 90460425 | $9046 | $34536450 | $6620006 | $41165502 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Twelve Months Ended January 2, 2021:** | | | | | | | |
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** |<br>**Retained**<br>**Earnings** |<br>**Total** |
| **Balance at December 28, 2019** | 90 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | 43752636 | $4375 | $145880 | $(1643347) | $(1493092) |
| Issued ICW Mulch Mfg acquisition |  |  | 40000000 | 4000 | 5996000 |  | 6000000 |
| Issued ICW reverse merger |  |  | 4000000 | 400 | 99600 |  | 100000 |
| Net income |  |  |  |  |  | 8254173 | 8254173 |
| **Balance as of March 28, 2020** | 90 |  | 87752636 | 8775 | 6241480 | 6610826 | 12861081 |
| Cancelled ICW Mulch Mfg acquisition |  |  | (1000000) | (100) | 100 |  |  |
| Subscription issuance |  |  | 1250000 | 125 | 99875 |  | 100000 |
| Issued ICW reverse merger |  |  | 25000 | 3 | (3) |  |  |
| Issued ICW conversion of notes payable |  |  | 1140769 | 114 | 384544 |  | 384658 |
| Net income |  |  |  |  |  | 1109139 | 1109139 |
| **Balance as of June 27, 2020** | 90 |  | 89168405 | 8917 | 6725996 | 7719965 | 14454878 |
| Net loss |  |  |  |  |  | (1213467) | (1213467) |
| **Balance as of October 3, 2020** | 90 |  | 89168405 | 8917 | 6725996 | 6506498 | 13241411 |
| Net loss |  |  |  |  |  | (2113851) | (2113851) |
| **Balance as of January 2, 2021** | 90 | $- | 89168405 | $8917 | $6725996 | $4392647 | $11127560 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF CASH FLOWS** 

---

| | | |
|:---|:---|:---|
|  | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Jan 1, 2022** | **Jan 2, 2021** |
| Cash flows from operating activities: |  |  |
| Net Income | $4792661 | $6035994 |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Provision for (recovery of) doubtful accounts | (79598) | 81321 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 4000613 | 3525094 |
| &nbsp;&nbsp;&nbsp;Common stock issued as compensation | 122550 |  |
| &nbsp;&nbsp;&nbsp;Gain on sale of fixed assets |  | (63562) |
| &nbsp;&nbsp;&nbsp;Gain on Paycheck Protection Program debt forgiveness | (1613128) |  |
| &nbsp;&nbsp;&nbsp;Equity increase in long term investment | (315281) |  |
| &nbsp;&nbsp;&nbsp;Bargain purchase gain | (7123084) | (8306088) |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | (827107) | 447892 |
| &nbsp;&nbsp;&nbsp;Inventory | 2218691 | 689156 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (875140) | 150986 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 2121321 | (834342) |
| Net cash provided by operating activities | 2422498 | 1726450 |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property and equipment | (3835636) | (3234652) |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of property and equipment |  | 60855 |
| &nbsp;&nbsp;&nbsp;Net short-term investment redemptions (purchases) | 2801210 | 5123933 |
| &nbsp;&nbsp;&nbsp;Purchases of long-term investments |  | (253500) |
| &nbsp;&nbsp;&nbsp;Proceeds from long-term investments | 105850 | 321500 |
| Net cash from (used in) investing activities | (928576) | 2018136 |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Principal payments on leases | (233575) | (107648) |
| &nbsp;&nbsp;&nbsp;Proceeds from notes payable | 1236080 | 9137232 |
| &nbsp;&nbsp;&nbsp;Payment on notes payable | (1471282) | (596737) |
| &nbsp;&nbsp;&nbsp;Payment on notes payable, related parties | (698194) | (3858253) |
| &nbsp;&nbsp;&nbsp;Stock subscriptions | 4230003 |  |
| &nbsp;&nbsp;&nbsp;Stock redemptions | (4274999) |  |
| &nbsp;&nbsp;&nbsp;Distributions |  | (7844981) |
| Net cash provided by (used in) financing activities | (1211967) | (3270387) |
| Net increase (decrease) in cash | 281955 | 474199 |
| Cash - beginning of period | 506287 | 32088 |
| Cash - end of period | $788242 | $506287 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM AND SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF CASH FLOWS continued** 

---

| | | |
|:---|:---|:---|
|  | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Jan 1, 2022** | **Jan 2, 2021** |
| Supplemental cash flow information: |  |  |
| Cash paid for: |  |  |
| &nbsp;&nbsp;&nbsp;Interest | $716432 | $832760 |
| &nbsp;&nbsp;&nbsp;Income taxes | $50 | $159179 |
| Non-cash investing and financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Note and interest payable contribution to capital | $17484728 |  |
| &nbsp;&nbsp;&nbsp;Purchase of plant, property and equipment for notes payable | $16560927 | $4948908 |
| &nbsp;&nbsp;&nbsp;Purchase of plant, property and equipment for common stock | $3696000 |  |
| &nbsp;&nbsp;&nbsp;Acquisition of right of use assets for lease obligations | $895781 |  |
| &nbsp;&nbsp;&nbsp;Stock issued for accrued interest and compensation |  |  |
| &nbsp;&nbsp;&nbsp;Stock issued for accrued stock subscription and compensation |  | $200000 |
| &nbsp;&nbsp;&nbsp;Stock issued for accrued debt inducement | $63000 |  |
| &nbsp;&nbsp;&nbsp;Stock issued for acquisition of Day Dreamer Productions, LLC | $224000 |  |
| &nbsp;&nbsp;&nbsp;Conversion of notes payable to stock | $3700000 | $384657 |
| &nbsp;&nbsp;&nbsp;Stock issued and liabilities assumed for equipment |  | $7856052 |
| &nbsp;&nbsp;&nbsp;Property and equipment bargain purchase recognition | $7123084 | $8306088 |
| &nbsp;&nbsp;&nbsp;Distribution of property and equipment |  | $5042424 |

---

The accompanying footnotes are an integral part of these consolidated financial statements.

**THE SUSTAINABLE GREEN TEAM, LTD**. **AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**Note 1 – organization and business operations**

*Corporate History*

The Sustainable Green Team, Ltd., (f/k/a Sierra Gold Corp.) (the "Parent" or "SGTM"), a Delaware corporation, conducts business activities principally through its three wholly-owned subsidiaries: National Storm Recovery LLC ("NSR LLC"), a Delaware limited liability company, Mulch Manufacturing, Inc., an Ohio corporation ("MM") and Sierra Gold Merger Corp. ("SGMC"), a Delaware corporation (collectively, the "Company").

The Company was initially formed, under the name Alpha Diamond Corporation in the State of Nevada on January 22, 1997. It's undergone multiple name changes over the years and a domicile change to Wyoming on February 15, 2011.

Effective April 18, 2019, Sierra Gold Corp., ("SGCP"), entered into an equity exchange agreement (the "Merger"), as amended on December 31, 2019 with NSR LLC, pursuant to which SGCP acquired all of the membership units of NSR LLC. Upon closing, NSR LLC became a wholly-owned subsidiary of SGCP.

On July 22, 2019, a Certificate of Amendment was filed with the State of Wyoming to change the name of the Company from "Sierra Gold Corporation" to "National Storm Recovery, Inc." and to effect a 1 for 10,000 reverse stock split. At September 11, 2019, the Company's trading symbol changed from "SGCP" to "NSRI".

The stock split decreased the issued and outstanding shares of its common stock from 3,406,865,285 to 602,636 (after rounding up to a 100 share minimum) before SGCP issued 40,000,000 shares of its common stock to the members of NSR LLC as consideration for the equity interests exchange. As a result of the Merger, NSR LLC members acquired 99% of SGCP's issued and outstanding shares of common stock and SGCP changed its principal focus to providing tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales.

The Merger was treated as a reverse recapitalization effected by an equity exchange for financial and reporting purposes since SGCP was deemed to be a shell corporation with nominal operations and no assets at the time of the merger. NSR LLC is considered the acquirer for accounting purposes, and the SGCP's historical financial statements before the Merger have been replaced with the historical financial statements of NSR LLC before the Merger in future filings.

On December 31, 2019 the Company entered into a restructuring as a holding company pursuant to Delaware General Corporation Law ("DGCL") §251(g) known as "the Delaware Holding Company Statute." In order to effect this restructuring NSRI and NSR LLC company each changed domiciles to the State of Delaware by filing Certificates of Conversion. Immediately thereafter, NSRI incorporated SGTM as its wholly-owned subsidiary and SGTM formed Sierra Gold Merger Corp., a Delaware corporation ("SGMC") as its wholly-owned subsidiary. Similarly, NSR LLC issued SGTM, 1,000 limited liability company Common Membership Units. Each of the four parties next executed an Agreement and Plan of Merger (the "Merger Agreement") as well as a Certificate of Merger, the latter of which was filed with the Delaware Secretary of State Division of Corporations on December 31, 2019 (collectively, the "Reorganization"). Pursuant to the terms of the Reorganization, NSRI merged down into SGMC with SGMC surviving as the successor to the reorganization, with all of the assets and liabilities of NSRI merging into SGMC and the separate existence of NSRI ceasing. The shares of SGTM and Membership Interests of NSR LLC, held by NSRI were canceled in the reorganization as part of the restructuring and the shares of NSRI became exchangeable for shares of SGTM on a one for one basis making SGTM the parent to both SGMC and NSR LLC as well as making SGTM the publicly-traded successor to NSRI. After obtaining FINRA approval on July 21, 2020, the Company changed its trading symbol to SGTM.

Effective January 31, 2020, the Company entered into a Business Combination Agreement (the "Mulch Acquisition") pursuant to which MM has become its wholly-owned subsidiary. Under the Mulch Acquisition, all issued and outstanding common stock in MM were converted into an aggregate of 40,000,000 shares of the Company's common stock (See Note 6).

The Company closed on the acquisition of 100% of the membership interests in Day Dreamer Productions LLC (DDP) on December 30, 2021. DDP is in the business of producing informational and promotional videography (See Note 6).

*Business Overview*

The Company provides tree services, debris hauling and removal, biomass recycling, mulch manufacturing, packaging and sales. The Company's objective is to provide a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. This objective is founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree services and collection sites, through its processing services, and then recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers. The Company plans to expand its operations through a combination of organic growth and strategic acquisitions of synergistic companies that are both accretive to earnings and enable the Company to be positioned for rapid growth. The Company operates in a highly seasonal industry generating most of its sales and profits in the first six months of the year.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*Basis of Presentation*

The accompanying consolidated financial statements as of January 1, 2022, and January 2, 2021, and for the three months and year ended January 1, 2022, and January 2, 2021, have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the Company's financial position at such date and the operating results and cash flows for such periods. Operating results for the three months and year ended January 1, 2022 are not necessarily indicative of the results that may be expected for the entire year or for any subsequent interim period.

The Company has adopted the period end dates conforming to the industry standards used by MM, the Company's largest operating subsidiary. These period end dates follow a 52/53 week fiscal year which ends on the Saturday nearest to December 31. The years ended January 1, 2022, and January 2, 2021, included 52 and 53 weeks, respectively.

*Principles of Consolidation*

The consolidated financial statements are presented on a comparative basis. The consolidated balance sheets at January 1, 2022 and January 2, 2021 include the accounts of SGTM, NRS LLC, MM, DDP LLC, Rose, and SGMC.

The consolidated statements of operations for the three months and year ended January 1, 2022, and January 2, 2021, include the accounts of SGTM, NRS LLC, MM, Rose, and SGMC. For the year ended January 2, 2021, which includes the one month period ended January 31, 2020, the date of the Business Combination with MM, the accounts of SGTM, NRS LLC, MM and Rose are consolidated on a pro forma basis. The impact of including this one month of 2020 in the statement of operations for that year was to lower income by around $280,000 for the loss MM sustained for that month.

The consolidated statement of changes in stockholders' equity for the year ended January 1, 2022, includes the account balances of SGTM, NRS LLC, MM, DDP LLC, Rose, and SGMC. For the year ended January 2, 2021, the accounts of SGTM, NRS LLC, MM, Rose, and SGMC are presented on a pro forma basis. The net income for this year includes that of MM and Rose for the one month ending January 31, 2020, on a pro forma basis.

The consolidated statement of cash flows for the year ended January 1, 2022, includes the accounts of SGTM, NRS LLC, MM, DDP LLC and Rose. The year ended January 2, 2021, include the accounts of SGTM, NRS LLC, MM and Rose; with the latter two included on a pro forma basis for the one month ended January 31, 2020.

*Use of Estimates*

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, equity-based transactions, revenue and expenses and disclosure of contingent liabilities at the date of the consolidated financial statements. The Company bases its estimates and assumptions on historical experience, known or expected trends and various other assumptions that it believes to be reasonable. As future events and their effects cannot be determined with precision, actual results could differ from these estimates which may cause the Company's future results to be affected.

*Revenue*

The Company's revenues are derived from two major types of services to clients: landscape recovery services and the manufacturing and sale of landscape mulch. With respect to landscape recovery services, the Company provides tree services, debris hauling and removal and biomass recycling.

The Company recognizes revenue when its performance obligations are satisfied. With respect to landscape recovery services, its performance obligation is satisfied upon the completion of the landscape services for its customers. With respect to the manufacturing and selling of landscape mulch, its performance obligation is satisfied upon delivery to its customers. Services are provided for cash or on credit terms. These credit terms, which are established in accordance with local and industry practices, require payment generally within 30 days of performance or end of season for qualifying orders. The Company estimates and reserves for its bad debt exposure based on its experience with past due accounts and collectability, the aging of accounts receivable and its analysis of customer data.

**Disaggregated Revenues**

Revenue consists of the following by service and product offering for the three months and twelve months ended January 1, 2022 and January 2, 2021:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
| **Disaggregated Net Revenues** | **January 1, 2022** | **January 2, 2021** | **January 1, 2022** | **January 2, 2021** |
| Landscaping Recovery Services | $775038 | $1079621 | $3430464 | $3227218 |
| Manufacturing and Sales of Mulch | $5706294 | $3473574 | $28938520 | $27357073 |
| Total | $6481332 | $4553195 | $32368984 | $30584291 |

---

*Cash*

The Company considers all highly liquid short-term instruments that are purchased with an original maturity of three months or less to be cash equivalents. The Company did not have any cash equivalents as of January 1, 2022 and January 2, 2021.

*Account Receivable and Retainage*

The Company periodically assesses its accounts receivable for collectability on a specific identification basis. If collectability of an account becomes unlikely, an allowance is recorded for that doubtful account. As of January 1, 2022, and January 2, 2021, the Company's allowance for doubtful accounts was $60,000 and $150,000, respectively.

From time to time, the Company's customers may retain a portion of the amount due the Company for large landscaping or disaster recovery jobs until all contract obligations have been met. As of January 1, 2022, and January 2, 2021, the Company was due approximately $-0- and $63,000, respectively, in such retainage. This retainage was included in the Company's Accounts Receivable balance.

*Inventory*

Inventories are stated at the lower of cost or net realizable value, with cost determined by the weighted-average cost method using full absorption costing for manufactured goods.

*Property and Equipment*

Property and equipment are recorded at cost. During the year ended January 2, 2021, previously expensed rental deposits of approximately $455,000 were capitalized and applied to the buy-out of assets pursuant to their rental purchase agreements, the impact, of which, was to lower cost of sales for that year. Expenditures that enhance the useful lives of the assets are capitalized and depreciated.

Depreciation is computed using the straight-line method over the estimated useful lives of the related capitalized assets. Machinery and equipment is generally depreciated over 7 to 10 years. Vehicles are generally depreciated over 5 years.

Maintenance and repairs are charged to expense as incurred. At the time of retirement or other disposition of property and equipment, its cost and accumulated depreciation is removed from the accounts and the resulting gain or loss, if any, is reflected in operations.

*Impairment of Long-Lived Assets and Right of Use Assets*

The Company reviews long-lived assets, including finite-lived intangible assets and right of use ("ROU") lease assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long-lived assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the assets.

*Intangible Assets*

The Company records its intangible assets at cost in accordance with Accounting Standards Codification ("ASC") 350, *Intangibles – Goodwill and Other*. Finite lived intangible assets are amortized over their estimated useful life using the straight-line method, which is determined by identifying the period over which the cash flows from the asset are expected to be generated. During the three months and year ended January 1, 2022, the Company did not record a loss on impairment. For the three months and year ended January 2, 2021, the Company recorded a $317,500 loss on the impairment of an advantageous supply contract.

*Goodwill*

Goodwill represents the excess of the purchase price of the acquired business over the estimated fair value of the identifiable net assets acquired. Goodwill is not amortized but is tested for impairment at least annually at year end, at the reporting unit level or more frequently if events or changes in circumstances indicate that the asset might be impaired. Goodwill is tested for impairment at the reporting level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the reporting unit does not pass the qualitative assessment, then the reporting unit's carrying value is compared to its fair value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. Goodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value. The discounted cash flow approach uses expected future operating results. Failure to achieve these expected results may cause in a future impairment of goodwill at the reporting unit.

*Advertising and Marketing Costs*

The Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were approximately $90,000 and $303,000 for the three months and year ended January 1, 2022, respectively, and $70,000 and $305,000 for the three months and year ended January 2, 2021, respectively, and are recorded in selling, general and administrative expenses on the statement of operations.

*Fair Value Measurements*

ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement framework applies at both initial and subsequent measurement.

The Company's financial assets and liabilities carried at fair value measured on a recurring basis as of January 1, 2022 and January 2, 2021, consisted of the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total fair value at**<br>**January 1, 2022** | **Quoted prices in active markets for identical**<br>**Assets (Level 1)** | **Significant other Observable**<br>**inputs<br> (Level 2)** | **Significant other Unobservable**<br>**inputs<br> (Level 3)** |
| Investment in mutual funds | $52 | $52 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total fair value at**<br>**January 2, 2021** | **Quoted prices in active markets<br> for identical**<br>**Assets (Level 1)** | **Significant other<br> Observable inputs**<br>**(Level 2)** | **Significant other<br> Unobservable inputs**<br>**(Level 3)** |
| Investment in mutual funds | $2801263 | $2801263 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |

---

*Net Income (Loss) per Common Share*

Basic net income (loss) per common share is computed by dividing the net income by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share includes the effect of Common Stock equivalents (stock options, unvested restricted stock, and warrants) when, under either the treasury or if-converted method, such inclusion in the computation would be dilutive.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
|  | **January 1, 2022** | **January 2,**<br> **2021** | **January 1, 2022** | **January 2,**<br> **2021** |
| Numerator for basic and diluted earnings (loss) per share: |  |  |  |  |
| Net income (loss) | $5540612 | $(2113851) | $4792661 | $6035994 |
| Denominator for basic earnings (loss) per share - |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;weighted average shares outstanding | 89779971 | 89168405 | 90161612 | 84098649 |
| Stock warrants | 5640004 |  | 5640004 |  |
| Convertible notes | - | 487500 | - | 462534 |
| Denominator for diluted earnings (loss) per share – |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;weighted average and assumed conversion | 95419975 | 89655905 | 95801616 | 84561183 |
| Net income (loss) per share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net income (loss) per share | $0.06 | $(0.02) | $0.05 | $0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted net income (loss) per share | $0.06 | $(0.02) | $0.05 | $0.07 |

---

*Income Taxes*

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company utilizes ASC Topic 740, "Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is "more likely-than-not" that a deferred tax asset will not be realized. For tax positions that meet a "more likely than not" threshold, the Company recognizes the benefit in the consolidated financial statements.

For the three months ended January 1, 2022 and January 2, 2021, the Company recognized approximately $429,000 and $602,000 tax benefit, respectively, and $716,000 and $169,000 tax benefit for the years ended January 1, 2022 and January 2, 2021, respectively. These tax provisions were based on a 27% effective rate for federal and state income taxes after accounting for permanent differences between book and taxable income. The Company has recorded a $901,876 and $175,471 deferred tax asset, net of a valuation allowance, as of January 1, 2022, and January 2, 2021, respectively. Management believes this asset to be "more likely than not" fully realized in future periods.

The Company's practice is to recognize interest and penalties, if any, related to uncertain tax positions in income tax expense in the consolidated statements of operations.

*Recent Accounting Pronouncements*

In December 2019, the FASB issued ASU 2019-12, simplifying the Accounting for Income Taxes (Topic 740) as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. This guidance is effective for interim and annual reporting periods beginning within 2021.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard was effective for the Company's interim and annual periods beginning January 1, 2019 and was applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of ASU 2016 - 02 had a material impact on the Company's consolidated financial statements and related disclosures.

**NOTE 3 – INVENTORIES**

The Company's inventories are comprised of the following for the periods ended January 1, 2022 and January 2, 2021:

---

| | | |
|:---|:---|:---|
|  | January 1, 2022 | January 2, 2021 |
| Raw Materials | $4453785 | $6968808 |
| Work in process | 1155439 | 1712380 |
| Finished goods | 1978861 | 1125588 |
|  | $7588085 | $9806776 |

---

The Company has also advanced deposits for the production and delivery of mulch products in the amount of $-0- and $250,000 as of January 1, 2022, and January 2, 2021, respectively, which are included in "Prepaid expenses and other current assets."

**NOTE 4 – PROPERTY AND EQUIPMENT**

Property and equipment consists of the following:

---

| | | |
|:---|:---|:---|
|  | **January 1, 2022** | **January 2, 2021** |
| Machinery and equipment | $20777465 | $20135720 |
| Vehicles | 4383043 | 4177851 |
| Land | 6807573 | 1502024 |
| Buildings | 6234718 |  |
| Leasehold improvements | 283268 | 826737 |
| Construction in process | 19599106 | 465750 |
|  | 58085173 | 27108082 |
| Less: accumulated depreciation | (6036027) | (2949785) |
| Property and equipment, net | $52049146 | $24158297 |

---

Total depreciation expense between cost of revenue and operating expenses for the three months and year ended January 1, 2022, was $895,950 and $3,324,798, respectively. For the three months and year ended January 2, 2021, the total depreciation expense between cost of revenue and operating expenses was $882,814 and $2,668,230, respectively.

The Company had several bulk sawmill equipment purchases on December 31, 2021, that are included in construction in process above. The first one was for 400,000 shares of common stock, valued at $3,696,000, for equipment in Beaver, WA, appraised for $8,570,600. The $4,874,600 difference between the 400,000 shares closing at $9.24 per share on the date of the transaction resulted in the recognition of a bargain purchase gain.

The second bulk sawmill equipment purchase was for a facility in Jasper, FL, which was appraised for $9,798,550. The $7,550,066 purchase price was paid for by cash and debt. The $2,248,484 difference between the equipment's appraised value and its purchase price was recognized as a bargain purchase gain.

**NOTE 5 – ACQUISITIONS**

*Mulch Manufacturing, Inc. Acquisition*

On January 31, 2020, the Company entered into a Business Combination Agreement (the "Mulch Acquisition") with MM and its sole shareholder, Ralph Spencer ("Spencer") (collectively the "MM Parties"), pursuant to which the Company acquired all of the shares of MM. Upon closing, MM became a wholly-owned subsidiary of SGTM.

Pursuant to the Mulch Acquisition, at the effective time of the acquisition:

● All
 of MM's outstanding common stock was exchanged for an aggregate of 40,000,000 shares of SGTM's common stock.

● One
 million shares previously issued to the MM shareholder in connection with the sale of equipment by MM to NSR LLC in November 2019
 were cancelled.

● There
 were specific excluded assets that were retained by Spencer and treated as transferred to Spencer prior to the acquisition consisting
 of cash, real estate, and certain vehicles and equipment. Spencer agreed to allow the Company to use some of the real estate rent-free
 until January 31, 2022, at which time the Company had the option of either leasing or purchasing it at the fair market value. The
 Company has included an ROU asset value on the property rent abatement.

● All
 of the existing MM notes and accounts receivable, and inventory at the date of the Mulch Acquisition are included in the acquisition
 and the Company had immediate possession of them by its ownership of MM. However, the 40 million shares of the Company's common
 stock that was issued as consideration was based on these assets being removed from MM prior to the acquisition. The value of these
 assets are valued separately from the share exchange and that certain demand promissory note payable to Spencer in the amount of
 approximately $14 million was adjusted to reflect the value of the inventory, accounts receivable, and any other sums lent by Spencer
 to MM.

The Company accounted for these transactions in accordance with the acquisition method of accounting for business combinations. An independent appraisal, made in February 2020, determined the fair market value of MM's property and equipment to be $17,228,295. Assets and liabilities of the acquired business were included in the consolidated balance sheets as of January 1, 2022, and January 2, 2021, based on their respective estimated fair values on the date of acquisition. Based on a closing market price of $0.15 per share on the January 31, 2020, business combination date, the assumption of net liabilities plus a bargain purchase recognition and asset write-up, the Company is recognizing the allocation to the accounts of MM as follows:

---

| | |
|:---|:---|
| Appraised fair market value of property and equipment | $17228295 |
| ROU asset value on property rent abatement | 817503 |
| Less: Net book value of just MM's property and equipment on January 31, 2020 | (1883657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess of fair market over net book value of MM property and equipment | 16162141 |
| Value of common stock issued for MM | $6000000 |
| Net book value of MM on January 31, 2020: |  |
| &nbsp;&nbsp;&nbsp;Cash | $6240670 |
| &nbsp;&nbsp;&nbsp;Accounts receivable and inventory | 15402355 |
| &nbsp;&nbsp;&nbsp;Property and equipment | 1883657 |
| &nbsp;&nbsp;&nbsp;Investments | 830000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 192361 |
| &nbsp;&nbsp;&nbsp;Supply agreement | 453750 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (1215820) |
| &nbsp;&nbsp;&nbsp;Notes payable | (25643025) |
| Net book value (assumed) of MM on January 31, 2020 | (1856052) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total purchase price, including assumed net liabilities, of MM | 7856052 |
| Excess of fair value over net book value plus |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purchase price of MM property and equipment (bargain purchase gain) | $8306089 |
| Purchase price of MM | $7856052 |
| Bargain purchase gain and property and equipment write-up | 8306089 |
| Net book value of MM on January 31, 2020 | (1856052) |
| &nbsp;&nbsp;&nbsp;Total to be allocated | $14306089 |
| Allocation of MM purchase price and bargain purchase gain: |  |
| &nbsp;&nbsp;&nbsp;Cash | $6240670 |
| &nbsp;&nbsp;&nbsp;Accounts receivable and inventory | 15402355 |
| &nbsp;&nbsp;&nbsp;Property and equipment | 17228295 |
| &nbsp;&nbsp;&nbsp;ROU assets | 817503 |
| &nbsp;&nbsp;&nbsp;Investments | 830000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 192361 |
| &nbsp;&nbsp;&nbsp;Supply agreement | 453750 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (1215820) |
| &nbsp;&nbsp;&nbsp;Notes payable | (25643025) |
|  | $14306089 |

---

*National Storm Recovery LLC Merger*

As discussed under Note 1, on April 18, 2019 SGCP, an inactive shell corporation, became the parent company of NSR LLC. Due to NSR LLC's active operations, NSR LLC is regarded as the acquirer and its historical financials are used for reporting purposes. At the effective time of the Merger:

● All
 of NSR LLC's outstanding common equity units were exchanged for an aggregate of 40,000,000 shares of SGCP's Common Stock
 by the members of NSR LLC.

● There
 was a note obliging SGCP to pay the holder of the note $100,000, or the holder may exercise its conversion rights. Pursuant to the
 note's subsequent amendments, SGCP will issue 25,000 post-reverse split shares of the Company's common stock. On May
 5, 2020, SGTM, as SGCP's successor, issued these shares.

● The
 holder of 90 shares of Preferred Series A stock sold their shares to Tony Raynor, the Chief Executive Officer of NSR LLC, for a cash
 payment of $25,000 plus the issuance of 4,000,000 shares of SGCP common stock or payment of $100,000 by February 28, 2020. The Company
 recorded accrued compensation for this $100,000 for 2019, which was satisfied by SGTM issuing the 4,000,000 shares on February 26,
 2020.

Immediately following the Merger, the Company had 40,602,636 shares of common stock and 90 shares of Series A preferred stock issued and outstanding on an after stock split basis. The pre-Merger stockholders of the Company retained an aggregate of 602,636 shares of common stock of the Company, representing approximately 1% ownership of the post-Merger Company. Additionally, the 90 shares of Preferred Stock Series A representing 90% voting control, were also transferred as part of the Merger (see Note 10). Therefore, upon consummation of the Merger, there was a change in control of the Company, with the former owners of NSR LLC effectively acquiring control of the Company.

The Company accounted for these transactions in accordance with the acquisition method of accounting for business combinations. Assets and liabilities of the acquired business were included in the consolidated balance sheets as of January 1, 2022, and January 2, 2021, based on the respective estimated fair value on the date of acquisition as determined in a purchase price allocation using available information and making assumptions management believed are reasonable. NSR LLC did not provide any consideration for SGCP. This transaction was an exchange made by its members of their interest in NSR LLC for the 40,000,000 shares of SGCP. SGCP had no identifiable assets and its only liability was for a $100,000 note payable, which was assumed as part of this merger. Therefore, the Company has recorded $100,000 of Additional Paid-in-Capital from this transaction as the excess of purchase price over the fair value of the net identifiable assets.

*Day Dreamer Productions LLC Acquisition*

The Company entered into an agreement to acquire 100% of the membership interest of Day Dreamer Productions, LLC around January 18, 2021, in exchange for 200,000 shares of the Company's stock. This transaction was closed on December 30, 2021, when the Company issued the shares to its sole member. This member was also retained as an employee with responsibility for managing the activities of Day Dreamer Productions, LLC.

**NOTE 6 – INTANGIBLE ASSETS**

The below table summarizes the identifiable intangible assets as of January 1, 2022, and January 2, 2021:

---

| | | | |
|:---|:---|:---|:---|
|  | **Useful life** | **January 1, 2022** | **January 2, 2021** |
| Supply contract <sup>(1)</sup> | 10 | $453750 | $453750 |
| Less: Accumulated amortization |  | (51810) | (41250) |
| Impairment |  | (317500) | (317500) |
| Total, net |  | $84440 | $95000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) These
 intangible assets were acquired in the acquisition of MM on January 31, 2020.

The weighted average useful life remaining on identifiable intangible assets is 8 years.

Amortization of identifiable intangible assets for the three months and year ended January 1, 2022, was $2,640 and $10,560, respectively. Amortization of identifiable intangible assets for the three months and year ended January 2, 2021, was $11,250 and $33,750, respectively.

The below table summarizes the future amortization expense for the next five years:

---

| | |
|:---|:---|
| 2022 | $10560 |
| 2023 | 10560 |
| 2024 | 10560 |
| 2025 | 10560 |
| 2026 | 10560 |
| Thereafter | 31640 |
|  | $84440 |

---

**NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES**

Accounts payable and accrued expenses consist of the following amounts:

---

| | | |
|:---|:---|:---|
|  | **January 1, 2022** | **January 2, 2021** |
| Accounts payable | $2350056 | $557145 |
| Accrued interest | 8076 | 91983 |
| Accrued expenses | 313644 | 62477 |
|  | $2671776 | $711605 |

---

**NOTE 8 –NOTES PAYABLE**

---

| | | |
|:---|:---|:---|
|  | **Jan 1, 2022** | **Jan 2, 2021** |
| Seller note payable bearing interest at 6.0%, monthly payments of principal and interest of $76,300 beginning October 2021 with a $9,819,606 balloon due September 2024, secured by mortgaged real estate | $10580504 | $-0- |
| Various third-party obligations secured by assets the Company acquired subject to this indebtedness to various third-party creditors, bearing interest at a 5% average rate. Monthly payments of $122,881 principal and interest beginning January 2022 through December 2024 | 4100000 | -0- |
| Unsecured note payable to seller on bulk equipment purchase, bearing 4.0% interest. First $300,000 payment of principal and interest due March 2022, $200,000 payments of principal and interest due quarterly thereafter until paid in full | 1400000 | -0- |
| Note payable to a bank, secured by equipment, bearing interest at 2.95%. Monthly payments of principal and interest in the amount of $28,698 beginning January 2021 and due through December 2025 | 1297817 | 1599068 |
| Unsecured note payable to a financial institution under the SBA Paycheck Protection Program for MM bearing interest at 1.0%. Monthly payments of principal and interest in the amount of $82,061 beginning August 2022 are due through April 2023. | 1236080 | -0- |
| Unsecured note payable to a financial institution under the SBA Paycheck Protection Program for MM bearing interest at 1.0%. Monthly payments of principal and interest in the amount of $82,061 beginning November 2020 are due through April 2022. | -0- | 1458200 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $8,750 due August 2020 through July 2025. | 342680 | 432211 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $8,316 due August 2020 through July 2025. | 325718 | 410817 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $7,034 due August 2020 through July 2025. | 347452 | 416642 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $7,392 due February 2021 through January 2026. | 334000 | 399247 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,230 due December 2020 through November 2025. | 222887 | 275707 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due November 2020 through October 2025. | 217213 | 269915 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due October 2020 through September 2025. | 212727 | 265602 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,341 due August 2020 through July 2025. | 209200 | 263857 |
| Note payable to an equipment financing company bearing interest at 3.95%. Monthly payments of principal and interest of $5,201 due August 2020 through July 2025. | 208226 | 261275 |
| Note payable to the individual seller of the landscaping and recovery services business to NSR LLC bearing interest at 5%. Monthly payments of $5,000 are due through October 2023 with a $100,000 balloon due November 2023 | 195779 | 244656 |
| Non-interest bearing note payable to an equipment financing company with monthly principal payments of $5,842 due December 2021 through November 2023 | 134353 | -0- |

---

---

| | | |
|:---|:---|:---|
| Non-interest bearing note payable to an equipment financing company with monthly principal payments of $16,460 due May 2021 through April 2022. | 65838 | -0- |
| Unsecured note payable to a financial institution under the SBA Paycheck Protection Program for NSR LLC bearing interest at 1.0%. Monthly payments of principal and interest of $8,719 beginning November 2020 are due through April 2022. | -0- | 154928 |
| Note payable to an equipment financing company bearing interest at 0.00%. Monthly payments of principal of $6,993 beginning November 2020 are due through October 2022 | 69928 | 153842 |
| Note payable to an equipment financing company bearing interest at 9%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $3,933 to $3,993 and extended three months through December 2023 | 87611 | 126005 |
| Note payable to an equipment financing company bearing interest at 5.94%. Monthly payments of principal and interest of $1,174 beginning January 2022 through March 2028 | 73217 | -0- |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $2,410 to $2,452 and extended three months through December 2023 | 54397 | 78628 |
| Convertible note payable to a private investor bearing interest at 10%. Principal and accrued interest are due January 2021. The Company has the option of granting conversion rights at a 30% discount on the average closing price over the last 10 trading days. The Company is also obligated to issue 300,000 shares of common stock as an inducement on the issuance of the note | -0- | 75000 |
| Note payable to an equipment financing company bearing interest at 9%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $1,861 to $1,890 and extended three months through December 2023 | 41466 | 59633 |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $1,808 to $1,840 and extended three months through December 2023 | 40764 | 58892 |
| Note payable to an equipment financing company bearing interest at 11%. Due to five month COVID-19 payment suspension, monthly payments of principal and interest of $1,692 due from August through July 2023 with a $10,152 balloon payment in August 2023 | 36446 | 51753 |
| Note payable to an equipment financing company bearing interest at 12%. Due to five month COVID-19 payment suspension, monthly payments of principal and interest of $1,749 due from August 2020 through June 2023 with a $10,496 balloon payment in July 2023 | 37220 | 52540 |
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $977 due through August 2024 | 28071 | 37153 |

---

---

| | | |
|:---|:---|:---|
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $932 due through September 2024 | 27581 | 35525 |
| Note payable to an equipment financing company bearing interest at 8%. Monthly payments of principal and interest of $766 due through August 2024 | 22395 | 29746 |
| Note payable to an investment company non-interest bearing with monthly payments of $5,000 principal due through March 2021. | -0- | 15000 |
| Note payable to an equipment financing company bearing interest at 8%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $751 to $765 and extended three months through January 2024 | 17512 | 24908 |
| Note payable to an equipment financing company bearing interest at 14%. Due to three month COVID-19 payment suspension, monthly payments of principal and interest increased from $1,874 to $1,900 and extended three months through February 2021 | -0- | 3736 |
| Total notes payable to unrelated parties | 21967082 | 7254486 |
| Short-term portion of notes payable | 4486461 | 2459945 |
| Long-term portion of notes payable | $17480621 | $4794541 |

---

The schedule of future maturities on the above notes are as follows:

---

| | |
|:---|:---|
| Year | Amount |
| 2022 | $4486461 |
| 2023 | 4135389 |
| 2024 | 12440896 |
| 2025 | 825632 |
| 2026 | 61774 |
| 2027 & after | 16930 |
|  | $21967082 |

---

The above notes include three Paycheck Protection Program (PPP) loans between MM and NSR LLC totaling $2,849,208, of which the $1,458,200 and $154,928 loans were forgiven during the year ended January 1, 2022. Under the PPP, to the extent the Company uses the loan proceeds on qualifying disbursements, these loans may be forgiven. Although the Company believes that the majority of the proceeds under the remaining loan of $1,236,080 has been spent on qualifying expenditures, it has not recorded any gain on forgiveness of this indebtedness for the year ended January 1, 2022.

*Related Party*

On the January 31, 2020, date of the Mulch Acquisition, there was a balance on a note payable to MM's sole shareholder in the amount of $14,223,046. This note was adjusted for the receivables and inventory of MM that was excluded from the share exchange resulting in a restated and amended $15,402,355 promissory note bearing 4% interest. Also on January 31, 2020, this shareholder placed a $6,240,670 deposit with the Company. To the extent the Company consumed this cash deposit for operations, this shareholder was paid 4% interest. In August 2021 the outstanding balance on these two obligations plus accrued interest as of January 2, 2021, totaled $17,484,728, which was contributed to the capital of the Company. Interest accrued on these obligations for 2021 was credited against interest expense. Accordingly, the balance on the shareholder deposit as of January 1, 2022, and January 2, 2021, was $-0- and $2,382,417, respectively. The balance on the restated and amended promissory note was $-0- and $15,402,355 as of January 1, 2022, and January 2, 2021, respectively.

In January 2019, MM issued a promissory note to an employee in the amount of $6,000,000, $2,000,000 of which was paid during the year ended December 28, 2019. The note bore interest at 3% per annum payable quarterly, required semi-annual principal payments of $300,000 starting on June 1, 2021 and had no maturity date. As part of the Mulch Acquisition, this note was assumed by the Company. In August 2021, the holder of this note exchanged his, at that time, $3,700,000 balance in the note for 6,000,000 Company shares. As of January 1, 2022, and January 2, 2021, the balance on this note was $-0- and $4,000,000, respectively.

Total interest expense (credit) on the above related party notes and deposit was approximately $-0- and $184,000 for the three months ended January 1, 2022, and January 2, 2021, respectively. Total interest expense on the above related party notes and deposit for the year ended January 1, 2022, and January 2, 2021, was approximately $77,000 and $722,000, respectively.

**Note 9 - Stockholders' Equity**

*Preferred Stock*

On December 31, 2019, the Company's Board of Directors adopted articles of incorporation in the state of Delaware authorizing, without further vote or action by the stockholders, to create out of the unissued shares of the Company's common stock, $0.0001 par value Preferred Stock. The Board of Directors is authorized to establish, from the authorized and unissued shares of Preferred Stock, one or more classes or series of shares, to designate each such class and series, and fix the rights and preferences of each such class of Preferred Stock; which class or series shall have such voting powers, such preferences, relative, participating, optional or other special rights, and such qualifications, limitations or restrictions as shall be stated and expressed in the resolution or resolutions providing for the issuance of such class or series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof. The articles of incorporation and designation authorizes the issuance of 5,000,000 shares of Preferred Stock, of which 100 shares have been designated as Series A Preferred Stock, of which 90 of Series A are issued and outstanding as of January 1, 2022. Each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Series A Preferred Stock held by such holder as of the record date for determining stockholders entitled to vote on such matter, with each share casting a vote equal to: the quotient of the sum of all outstanding shares of common stock together with any and all other securities of the Company that provide for voting on an "as converted" basis divided by 0.99.

*Equity Transactions During the Period*

The following issuances of common stock affected the Company's Stockholders' Equity:

On January 31, 2020, as a result of the Mulch Acquisition, 40,000,000 shares of common stock were issued along with 1,000,000 shares cancelled from the October 2, 2019, effective issuance to the same shareholder (Note 5).

On February 26, 2020, the Company issued 4,000,000 shares of common stock at par value as part of the amended and restated share purchase and equity exchange agreement with SGCP.

Between April 9 and May 20, 2020, the Company issued 1,250,000 shares in connection with a $100,000 stock subscription on November 26, 2019.

On May 14, 2020 the Company issued 25,000 shares in satisfaction of an obligation assumed pursuant to the reverse merger with SGCP in 2019.

On May 20, 2020 the Company issued 786,045 shares upon a note holder's exercise of a conversion feature permitting the holder to acquire shares at a 30% discount to the prior 12 day average price as of May 15, 2020, $0.349417 per share, in satisfaction of $250,000 principal and $24,658 accrued interest on the note.

On June 12, 2020 the Company issued 354,724 shares upon a note holder's exercise of a conversion feature permitting the holder to acquire shares at a 30% discount to the prior 12 day average price as of June 10, 2020, $0.310010 per share, in satisfaction of $100,000 principal and $10,000 accrued interest on the note.

On January 13, 2021, the Company issued 300,000 shares in satisfaction of a 2020 accrual for debt financing cost.

On March 5, 2021, the Company issued 25,000 shares to an employee as compensation.

On August 16, 2021, the Company and Ralph Spencer entered into a Settlement Agreement wherein, among other provisions, all outstanding debt was extinguished. This total $17,484,728 debt extinguishment was credited to Additional Paid-in Capital. Therefore, on August 16, 2021, the Company recognized a $17,484,728 capital contribution from the extinguishment of debt.

On August 25, 2021, the Company issued 6,000,000 shares in exchange for a $3,400,000 note.

On October 4, 2021, the Company issued 125,000 shares for consulting service compensation.

Between October 15, and December 15, 2021, the Company redeemed 11,397,984 shares pursuant to a stock repurchase agreement (see Note 12).

Between October and December 15, 2021, the Company issued 5,640,004 shares pursuant to subscription agreements at a price of $0.75 per share. These agreements provided for piggyback registration rights on a potential future registration of Company stock. The agreements also provided stock warrants equal to the number of subscribed shares. These warrants can be exercised at a price of $1.50 per share and expire after one year. No allocation of proceeds was made to the warrants since the subscribed shares of common stock were issued at a price below that of the publicly traded shares.

On December 30, 2021, the Company issued 200,000 shares pursuant to an agreement to acquire 100% of the membership interest in Day Dreamer Production, LLC.

On December 31, 2021, the Company issued 400,000 shares to acquire equipment in Beaver, WA.

**NOTE 10 – LEASES**

A lease is defined as a contract that conveys the right to control the use of identified tangible property for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASC Topic 842 which primarily affected the accounting treatment for operating and finance lease agreements in which the Company is the lessee including Company leases of vehicles and equipment for use in the storm and disaster recovery work. The Company elected to not recognize ROU assets and lease liabilities arising from short-term leases with initial lease terms of twelve months or less (deemed immaterial) on the accompanying consolidated balance sheets.

ROU assets include any prepaid lease payments and exclude any lease incentives and initial direct costs incurred. Lease expense for minimum lease payments is recognized on the effective interest plus: for finance type leases, straight-line amortization of the asset's original ROU over its lease term; or, for operating leases, the effective amortization on the lease liability. The lease terms may include options to extend or terminate the lease if it is reasonably certain that the Company will exercise that option.

When measuring lease liabilities for leases that were classified as operating and financing leases as of January 1, 2019, NSR LLC discounted lease payments using its estimated incremental borrowing rate of 10% at January 1, 2019. From January 2020, to September 2021, MM entered into operating leases using its incremental borrowing rate of 4% to discount lease payments. Since October 2021, MM uses a 6% incremental borrowing rate.

The following table presents supplemental lease information:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three Months Ended | Three Months Ended | Year Ended | Year Ended |
| Lease cost | January 1, 2022 | January 2, 2021 | January 1, 2022 | January 2, 2021 |
| Finance lease cost |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Amortization on ROU assets | $17792 | $20301 | $71169 | $79273 |
| &nbsp;&nbsp;&nbsp;Interest on lease liabilities | 4120 | 9327 | 19275 | 30707 |
| Operating lease cost | 65098 | 120821 | 611735 | 419173 |
| Short-term lease cost<u> </u> | 28876 | 73114 | 387517 | 457085 |
| Total lease cost | $115886 | $223563 | $1089696 | $986238 |
| &nbsp;&nbsp;&nbsp;Cash paid for amounts included in the measurement of lease liabilities for: |  |  |  |  |
| Finance leases: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Financing cash flows | $23366 | $23366 | $93465 | $103768 |
| Operating leases: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating cash flows | $65098 | $17806 | $177034 | $36371 |
| Weighted-average remaining lease term: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance leases |  |  | 1.8 years | 2.2 years |
| &nbsp;&nbsp;&nbsp;Operating leases |  |  | 4.3 years | 1.9 years |
| Weighted-average discount rate: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance leases |  |  | 10.0% | 10.0% |
| &nbsp;&nbsp;&nbsp;Operating leases |  |  | 4.3% | 5.0% |

---

Supplemental balance sheet information related to leases is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Financial Statement Line Item** | **January 1, 2022** | **Jan 2, 2021** |
| Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | $848840 | $548555 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 128515 | 199684 |
| &nbsp;&nbsp;&nbsp;**Total leased assets** | ROU asset | $977355 | $748239 |
| Liabilities: |  |  |  |
| Current: |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | $183874 | $58478 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 65312 | 74190 |
|  | Current portion of lease liability | 249186 | 132668 |
| Non-current |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease assets |  | 664966 | 55376 |
| &nbsp;&nbsp;&nbsp;Finance lease assets |  | 86639 | 151952 |
|  | Lease liabilities, net of current portion | 751605 | 207328 |
| **Total lease liabilities** |  | $1000791 | $339996 |

---

As of January 1, 2022, remaining maturities of lease liabilities were as follows:

---

| | | |
|:---|:---|:---|
|  | Finance | Operating |
| 2022 | $77094 | $216600 |
| 2023 | 54172 | 168570 |
| 2024 | 40629 | 139469 |
| 2025 |  | 107969 |
| 2026 |  | 106553 |
| 2027 and thereafter | - | 220235 |
| Total | $171895 | $959396 |
| Amount representing interest | (19944) | (110556) |
| Lease liability | $151951 | $848840 |

---

**NOTE 11 – COMMITMENTS AND CONTINGENCIES**

*Legal Claims*

The Sustainable Green Team, LTD is currently involved in arbitration with Emerging Markets Consulting, LLC ("EMC"), a former service provider of the Company. On October 21, 2020, EMC initiated arbitration against the Company, alleging, among other things, breach of contract related to an agreement entered into between the Company (via NSR LLC) and EMC, in which the Company engaged EMC to provide it with consulting services related to the Company's capital structure, investor relations strategies, and fundraising plans, including the filing of an S-1 registration statement at some point in the future, in exchange for equity compensation in the Company. EMC seeks relief against the Company in the form of the equity compensation pursuant to the agreement (2,000,000 shares of the Company's Common Stock) and damages. The Company denies EMC's allegations, and has also initiated counterclaims against EMC for breach of the agreement by EMC, in which it is seeking damages resulting from EMC's breach of its duties under the agreement.

In addition, the Company named in its counterclaim to EMC's claim another similar service provider, Rainmaker Group Consulting, LLC ("Rainmaker"), as a pre-emptive defense against any actions brought by Rainmaker against the Company. Rainmaker engaged by the Company in 2019 to provide similar consulting services as EMC was engaged to provide in exchange for the same compensation (2,000,000 shares of the Company's Common Stock). The Company alleges that Rainmaker breached its agreement with the Company by not providing the services provided in the agreement between the Company and Rainmaker, and therefore Rainmaker is not entitled to any equity compensation by the Company. The Company has taken this action as a defensive measure against potential (in the Company's opinion) frivolous lawsuits brought by Rainmaker against the Company.

The Company is confident it will prevail in the ongoing arbitration described above being overseen by the American Arbitration Association.

On March 25, 2021, the Company filed a civil complaint in the Ninth Judicial Circuit Court in Orange County, Florida against Ralph Spencer, the former owner and CEO of Mulch Manufacturing, Inc., alleging certain tortious interference with the Company's business operations and dealings. On April 1, 2021, the Company was granted an Emergency Temporary Injunction by the Ninth Judicial Circuit Court in Orange County, Florida enjoining Mr. Spencer from, among other things, further attempts to interfere with the Company's business operations. On August 16, 2021, the Company settled this dispute and has released Ralph Spencer from the Emergency Temporary Injunction.

*Stock Redemptions*

The Company is committed to buying back 40,000,000 shares of its common stock over 24 months beginning in October, 2021, at a price of $0.375 per share.

**NOTE 12 – CONCENTRATION OF CREDIT RISK**

*Cash Deposits*

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. As of January 1, 2022, the excess of the insured limit in one account was $130,930. As of January 2, 2021, the Company had $78,688 in excess of the FDIC insured limit in one account.

*Revenues*

For the three months ending January 1, 2022, one customer accounted for 19% of revenue. For the year ending January 1, 2022, another customer accounted for 17% of revenue. For the three months and year ended January 2, 2021, there was no customer accounting for more than 10% and one customer accounting for 19% of revenue, respectively.

*Accounts Receivable*

As of January 1, 2022, one customer accounted for 24% of the Company's accounts receivable. As of January 2, 2021, one customer accounted for 14% of the accounts receivable.

**NOTE 13 – SUBSEQUENT EVENTS**

There are no material subsequent events.

## Exhibit 2.1

**Exhibit 2.1**

**AMENDED AND RESTATED<br> SHARE PURCHASE<br> AND**

**EQUITY EXCHANGE AGREEMENT**

This Amended and Restated Share Purchase and Equity Exchange Agreement (the "Agreement") has been made and entered into as of December 31, 2019 and is made to be effective as of April 18, 2019, and supersedes and replaces that certain agreement of even date known as the "Reverse Merger / Share Purchase Agreement Between Sierra Gold Corp. (sic) and National Storm Recovery (sic) DBA Central Florida ArborCare." The Agreement is entered into by and among Sierra Gold Corporation (NKA National Storm Recovery, Inc.) (the "Company" or "SIERRA") by and through its sole and duly authorized officer and representative, Robert Stevens ("Stevens"), National Storm Recovery, LLC, a Florida limited liability company DBA Central Florida ArborCare ("NSR"), by and through its sole and duly authorized officer Anthony Raynor ("Raynor"), Raynor, individually and as the sole member of NSR, holding 100% of the issued and outstanding membership interests of NSR (the "Member(s)") and Somerset Capital, Ltd. ("Somerset"), as the holder of Ninety (90) shares of Sierra Series A Preferred Stock, by its duly authorized officer and representative, Robert Stevens ("Shareholder(s)") as well as Thistle Investments, LLC as assignee of Somerset Capital, Ltd..

**RECITALS**

A. The Members and Shareholders and the respective Board of Managers and Board of Directors of each, National Storm Recovery, LLC, a Florida limited liability company DBA Central Florida ArborCare ("NSR") and Sierra Gold Corporation, a Wyoming corporation (Now Known As or NKA "National Storm Recovery, Inc.")("SIERRA") have declared it advisable and approved the series of related transactions which effect an exchange of shares for membership interests (the "Exchange") pursuant to which Sierra will acquire all of the issued and outstanding membership interests of NSR (the "Membership Interests") from the members of NSR in exchange for the Members of NSR receiving (i) Forty Million (40,000,000) shares of the Common Stock of Sierra on a post 1:10,000 reverse split basis, together with (ii) Ninety (90) shares of the issued and outstanding shares of "super preferred stock" known as the "Sierra Series A Preferred Stock (100% or all of the issued and outstanding preferred shares).

B. The Members, the Board of Directors of Sierra and Board of Managers of NSR have determined that the exchange is in furtherance of and consistent with their respective long-term business strategies and is fair to and in the best interests of their respective securities holders.

C. The parties intend and desire the transaction to qualify as a tax-free reorganization under Section 368 (a)(1)(B) of the Internal Revenue Code of 1986, as amended, except for the cash portion known as "boot".

NOW, THEREFORE, in consideration of the premises, and of the representations, warranties, covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I<br> THE EXCHANGE

SECTION 1.1 The Exchange. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Members shall sell, convey, assign, transfer and deliver to Sierra free and clear of all Liens, and Sierra shall purchase, all right, title and interest in and to all of such Members' Membership Interests, free and clear of all liens, security interests, charges, encumbrances and rights of others. In consideration for the Membership Interests so acquired by Sierra, Sierra shall issue and deliver the agreed shares of Sierra common stock ("Sierra Common Stock") and Somerset Capital, Ltd. shall transfer all of the Series A Preferred Shares (via delivery of the indemnity letter and waiver of medallion guarantee and stock power duly endorsed and notarized (or with medallion guarantee affixed) to the Members, on a pro rata basis in exchange for the Membership Interests transferred to Sierra pursuant to this Agreement, as soon as practicable following the satisfaction or permissible waiver of the conditions set forth in Article 5.

SECTION 1.2 Closing. Although the original agreement among the parties was executed and many of the conditions of that agreement have been met, there are other that remain outstanding and other terms and conditions that are important to the parties to amend, to be effective as of the original date. Thus, subject to the terms and conditions of this Agreement, the closing of this Amended and Restated Equity Purchase and Exchange Agreement and the consummation of the other transactions contemplated hereby (the "Closing") shall take place at the offices of Davisson & Associates, PA, 4124 Quebec Avenue North, Suite 306, Minneapolis, MN 55427 on December 31, 2019, 8:00 a.m. Central Standard Time (or at such other date, time and place as the parties hereto may agree).

SECTION 1.3 Effective Time. On the date of Closing, the Members shall deliver to Sierra, membership interest certificates or other duly executed documents of transfer (the "Transfer Certificates") representing the Membership Interests duly endorsed in blank or accompanied by stock powers endorsed in blank. Somerset shall deliver the stock power for the conveyance of book entry shares or certificate representing the Ninety (90) shares of Sierra Series A Preferred Stock duly endorsed in blank; and Sierra shall deliver the newly issued share certificate(s) for Sierra Common Stock.

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF NATIONAL STORM RECOVERY, LLC

The Members and managers of NSR, collectively, jointly and severally, represent, warrant and covenant to SIERRA as follows and acknowledge that SIERRA is relying upon such representations and warranties in connection with the Contemplated Transactions (as hereinafter defined):

SECTION 2.1 Capitalization. The outstanding and issued membership interests of NSR consist of 100% of the financial and governance rights which are owned by the Members as specifically set forth on Exhibit A attached hereto. NSR does not and, at the Closing, NSR will not, have outstanding any membership interests or other securities or any rights, warrants or options to acquire securities of NSR or any convertible or exchangeable securities and, other than SIERRA pursuant to this Agreement, no person has or, at Closing will have, any right to purchase or otherwise acquire any securities of NSR. There are, and at Closing there will be, no outstanding obligations of NSR to repurchase, redeem or otheiwise acquire any securities of NSR. All of the Transferred Membership Interests are, and at Closing will be, duly authorized, duly and validly issued, fully paid and non-assessable, and none were issued in violation of any pre-emptive rights, rights of first refusal or any other contractual or legal restrictions of any kind.

SECTION 2.2 Title to the Membership Interests. The Members are the beneficial owners and hold good and valid title to the Transferred Membership Interests free and clear of any Lien. Upon consummation of the Contemplated Transactions and the satisfaction of the conditions to Closing set forth herein, SIERRA will own all of the issued and outstanding membership interests of NSR, free and clear of any Lien. At the Closing, the Members will deliver the Transferred Membership Interests free and clear of any Lien.

SECTION 2.3 Authority Relative to this Agreement. NSR and each Member has full power, capacity and authority to execute and deliver each Transaction Document to which it is or, at Closing, will be, a party and to consummate the transactions contemplated hereby and thereby (the "Contemplated Transactions"). The execution, delivery and performance by each Member and NSR of each Transaction Document and the consummation of the Contemplated Transactions to which NSR or the Members, are, or at Closing, will be, a party will have been duly and validly authorized by each Member and NSR, respectively, and no other acts by or on behalf of either the Members or NSR will be necessary or required to authorize the execution, delivery and performance by the Members and NSR of each Transaction Document and the consummation of the Contemplated Transactions to which it is or, at Closing, will be, a party. This Agreement and the other Transaction Documents to which the Members and/or NSR is a party have been duly and validly executed and delivered by the Members and NSR and (assuming the valid execution and delivery thereof by the other parties thereto) will constitute the legal, valid and binding agreements of each Member and NSR enforceable against the Members and NSR in accordance with their respective terms, except as such obligations and their enforceability may be limited by applicable bankruptcy and other similar Laws affecting the enforcement of creditors' rights generally and except that the availability of equitable remedies is subject to the discretion of the court before which any proceeding therefor may be brought (whether at law or in equity).

SECTION 2.4 No Conflicts; Consents. The execution, delivery and performance by each Member and NSR of each Transaction Document to which it is a party and the consummation of the Contemplated Transactions to which the Members and/or NSR are a party, will not: (i) violate any provision of the articles or organization, member control agreement or operating agreement of NSR; (ii) require NSR or any Member to obtain any consent, approval or action of or waiver from, or make any filing with, or give any notice to, any Governmental Body or any other person, except as set forth on Schedule 2.4 (the "NSR Required Consents"); (iii) violate, conflict with or result in a breach or default under (with or without the giving of notice or the passage of time or both), or permit the suspension or termination of, any material Contract (including any Real Property Lease) to which NSR is a party or by which it or any of its assets is bound or subject, or to the best of the Members' and NSR's knowledge and information result in the creation of any Lien upon any of the Transferred Membership Interests or upon any of the Assets of NSR; (iv) violate any Order, any Law, of any Governmental Body against, or binding upon, any Member or NSR or upon any of their respective assets or the Business; or (v) violate or result in the revocation or suspension of any Permit.

SECTION 2.5 Corporate Existence and Power. NSR is a company duly organized, validly existing and in good standing under the laws of the State of Florida, and has all requisite powers, authority and all Permits required to own and/or operate its Assets and to carry on the Business as conducted as of the date hereof. NSR has no subsidiaries and does not directly or indirectly own any equity or other interest or investment in any other person except for its interest in the entities set forth on Schedule 2.5.

SECTION 2.6 Charter Documents and Corporate Records. NSR has heretofore delivered to SIERRA true and complete copies of the articles of organization and other organizational documents, or comparable instruments, of NSR as in effect on the date hereof. The membership interest transfer books of NSR have been made available to SIERRA for its inspection and are true and complete in all respects in accordance with their tenor.

SECTION 2.7 Financial Statements in General. All financial, business and accounting books, ledgers, accounts and official and other records relating to NSR have been accurately kept and completed to the best of NSR's knowledge, and NSR has no knowledge, notice belief or information there are any material inaccuracies or discrepancies contained or reflected therein except for items listed in Schedule 2.7.

SECTION 2.8 Liabilities. NSR has not incurred any Liabilities since its most recent balance sheet (the "Latest Balance Sheet Date") except for (i) current Liabilities for trade or business obligations incurred in connection with the purchase of goods or services in the ordinary course of the Business and consistent with past practice, (ii) Liabilities reflected on any balance sheet referred to in Section 2.7, and (iii) debt related to certain purchases and financings that would be considered subsequent events.

SECTION 2.9 NSR Receivables. Except to the extent of the amount of the allowance for doubtful accounts reflected in the Annual Statements, all the Receivables of NSR reflected therein, and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables that have been collected since such date), are valid and enforceable Claims subject to no known deficiencies, offsets, returns, allowances or credits of any kind, and constitute bona fide Receivables collectible in the ordinary course of the Business except as enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or similar laws or principles of equity affecting the enforcement of creditors rights generally.

SECTION 2.10 Absence of Certain Changes. (a) Since it Latest Balance Sheet Date, NSR has conducted the Business in the ordinary course consistent with past practice, except as disclosed on Schedule 2.10 hereof, and there has not been:

(i) Any material adverse change in the Condition of the Business;

(ii) Any damage, destruction or other casualty loss (whether or not covered by insurance), condemnation or other taking affecting the Business or the Assets of NSR;

(iii) Any change in any method of accounting or accounting practice by NSR;

(iv) Any material increase in the compensation, commission, bonus or other direct or indirect remuneration paid, payable or to become payable to any officer, member, director, consultant, agent or employee of NSR, or any material alteration in the benefits payable or provided to any thereof;

(v) Any material adverse change in the relationship of NSR with its employees, customers, suppliers or vendors;

(vi) Except for the asset sale by involving Ogden its changes made outside of the ordinary course of Business, any material change in any of NSR's business policies, including advertising, marketing, selling, pricing, purchasing, personnel, returns or budget policies;

(vii) Any agreement or arrangement whether written or oral to do any of the foregoing.

(viii) NSR has no Liability that is past due that would have a materially adverse affect on NSRI or its operations or that is not otherwise curable.

SECTION 2.11 Leased Real Property, (a) NSR has no fee interest, purchase options or rights of first refusal in any real property and NSR has no leasehold or other interest in any real property, except as set forth on Schedule 2.11 (the "Leased Real Property"), and all leases or interests including all amendments, modifications, extensions, renewals and/or supplements thereto (collectively, "Real Property Leases" or "Real Property Interests") are described on Schedule 2.11.

SECTION 2.12 Personal Property; Assets. NSR has good and valid title to (or valid leasehold interest in) all of its personal property and Assets, free and clear of all Liens, except the Permitted Liens and as indicated on Schedule 2.12. The machinery, equipment, computer software and other tangible personal property constituting part of the Assets and all other Assets (whether owned or leased) are in good condition and repair (subject to normal wear and tear) and are reasonably sufficient and adequate in quantity and quality for the operation of the Business as previously and presently conducted. Schedule 2.12 contains a list and description of all tangible personal property owned or leased by NSR with a book value (before depreciation) of $10,000 or more. The Assets constitute all of the assets, which are necessary to operate the Business of NSRI as currently conducted.

SECTION 2.13 Contracts.

(a) Schedule 2.13 sets forth an accurate and complete list of all Contracts to which NSR is a party or by which it or its Assets are bound or subject to, that: (i) cannot be cancelled upon 30 days' notice without the payment or penalty of less than One Thousand Dollars ($1,000); or (ii) involve aggregate annual future payments in cash, kind or other things of value by or to any person or entity of more than Five Thousand Dollars ($5,000). True and complete copies of all written Contracts (including all amendments thereto and waivers in respect thereof) and summaries of the material provisions of all oral Contracts so listed have been made available to SIERRA.

(b) All Contracts to which NSR is a party are valid, subsisting, in full force and effect and binding upon NSR and the other parties thereto, in accordance with their terms, except that no representation or warranty is given as to the enforceability of any oral Contracts. To the best of the Members' knowledge and belief, except as set forth on Schedule 2.13, NSR is not in default (or alleged default) under any such Contract.)

SECTION 2.14 Patents and Intellectual Property Rights. NSR does not own any patents, trademarks, trade names, service marks, brand marks, brand names, or registered copyrights (collectively, the "Intellectual Property") except those associated with its name and certain Intellectual Property that was part of the asset purchases with Ogden, Central Florida Arborcare and Sustainable Green Team.

SECTION 2.15 Claims and Proceedings. There are no outstanding Orders of any Governmental Body against or involving NSR, its Assets, the Business, or the Transferred Membership Interests. There are no actions, suits, claims or counterclaims, examinations, NSR Required Consents or legal, administrative, governmental or arbitral proceedings or investigations (collectively, "Claims") (whether or not the defence thereof or Liabilities in respect thereof are covered by insurance), pending or against or involving NSR, its Assets, the Business or the Transferred Membership Interests.

SECTION 2.16 Taxes.

(a) Except as set forth in Schedule 2.16:

(i) NSR has timely filed or, if not yet due but due before Closing, will timely file all Tax Returns required to be filed by it for all taxable periods ending on or before the date of Closing and all such Tax Returns are or, if not yet filed, will be, upon filing, true, correct and complete in all material respects;

(ii) NSR has paid, or if payment is not yet due but due before Closing, will promptly pay when due to each appropriate Tax Authority, all Taxes of NSR shown as due on the Tax Returns required to be filed by it for all taxable periods ending on or before the date of Closing;

(iii) the accruals for Taxes currently payable as well as for deferred Taxes shown on the financial statements of NSR as of the date of the Annual Statement or the date of any financial statements delivered hereunder: (A) adequately provide for all contingent Tax Liabilities of NSR as of the date thereof; and (B) accurately reflect, as of the date thereof, all unpaid Taxes of NSR whether or not disputed, in each case as required to be reflected thereon in order for such statements to be in accordance with USGAAP;

(iv) no extension of time has been requested or granted for NSR to file any Tax Return that has not yet been filed or to pay any Tax that has not yet been paid and Intent21 has not granted a power of attorney that remains outstanding with regard to any Tax matter;

(v) NSR has not received notice of a determination by a Tax Authority that Taxes are currently owed by NSR (such determination to be referred to as a "Tax Deficiency") and, to the Members' knowledge, no Tax Deficiency is proposed or threatened;

(vi) all Tax Deficiencies have been paid or finally settled and all amounts determined by settlement to be owed have been paid;

(vii) there are no Tax Liens on or pending against NSR or any of the Assets, other than those which constitute Permitted Liens;

(viii) there are no presently outstanding waivers or extensions or requests for a waiver or extension of the time within which a Tax Deficiency may be asserted or assessed;

(ix) no issue has been raised in any examination, investigation, NSR Required Consents, suit, action, claim or proceeding relating to Taxes (a "Tax Intent21 Required Consents") which, by application of similar principles to any past, present or future period, would result in a Tax Deficiency for such period;

(x) there are no pending or threatened Tax Audits of NSR;

(xi) NSR has no deferred intercompany gains or losses that have not been fully taken into income for income Tax purposes;

(xii) there are no transfer or other taxes (other than income taxes) imposed by any state on NSR by virtue of the Contemplated Transactions; and

(xiii) no claim has been made by any Tax Authority that NSR is subject to Tax in a jurisdiction in which NSR is not then paying Tax of the type asserted.

(b) To the Members' knowledge, NSR has collected and remitted to the appropriate Tax Authority all sales and use or similar Taxes required to be collected on or prior to the date of Closing and has been furnished properly completed exemption certificates for all exempt transactions and has no information otherwise or notice of any claim by any government or jurisdiction with regards thereto. NSR has maintained and has in its possession all records, supporting documents and exemption certificates required by applicable sales and use Tax statutes and regulations to be retained in connection with the collection and remittance of sales and use Taxes for all periods up to and including the date of Closing. With respect to sales made by NSR prior to the date of Closing for which sales and use Taxes are not yet due as of the date of Closing, all applicable sales and use Taxes payable with respect to such sales will have been collected or billed by NSR and will be included in the Assets of NSR as of the date of Closing.

SECTION 2.17 Compliance with Laws. NSR is not in violation of any order, judgment, injunction, award, citation, decree, consent decree or writ (collectively, "Orders") nor is NSR in violation of any Laws of any Governmental Bodies affecting NSR, the Transferred Membership Interests or the Business.

SECTION 2.18 Permits. NSR has obtained all licenses, permits, certificates, certificates of occupancy, orders, authorizations and approvals (collectively, "Permits"), and has made all required registrations and filings with all Governmental Bodies, that are necessary to the ownership of the Assets, the use and occupancy of the Leased Real Property, as presently used and operated, and the conduct of the Business or otherwise required to be obtained by NSR. All Permits required to be obtained or maintained by NSR are listed on Schedule 2.18 and are in full force and effect; no violations are or have been recorded, nor have any notices or violations thereof been received, in respect of any Permit; and no proceeding is pending or threatened to revoke or limit any Permit; and the consummation of the Contemplated Transactions will not (or with the giving of notice or the passage of time or both will not) cause any Permit to be revoked or limited.

SECTION 2.19 Environmental Matters. NSR is, and at all times has been, in full compliance with, and has not been and is not in violation of or liable under, any Environmental Law.

SECTION 2.20 Finders Fees. There is no investment banker, broker, finder or other intermediary which has been retained by or is authorized to act on behalf of NSR who might be entitled to any fee or commission from NSR in connection with the consummation of the Contemplated Transactions.

SECTION 2.21 Disclosure. Neither this Agreement, the Schedules hereto, nor any reviewed or unaudited financial statements, documents or certificates furnished or to be furnished to SIERRA by or on behalf of NSR or the Members pursuant to this Agreement contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements contained herein or therein not misleading. There are no events, transactions or other facts, which, either individually or in the aggregate, may give rise to circumstances or conditions which would have a material adverse effect on the general affairs or Condition of the Business.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SIERRA GOLD CORPORATION<br> (NKA NATIONAL STORM RECOVERY, INC.)

AND

SOMERSET CAPITAL LTD.

SIERRA represents, warrants and covenants to NSR and its Members as follows and acknowledges that NSR and the Members are relying upon such representations and warranties in connection with the Contemplated Transactions:

SECTION 3.1 Authority Relative to this Agreement. The Board of Directors has authorized the officers of SIERRA to execute and deliver each Transaction Document to which it is or, at Closing, will be, a party with the consummation of the Contemplated Transactions, to be effective immediately following the affirmative vote of SOMERSET in its capacity as the holder of Ninety (90) shares of SIERRA's Super Preferred Stock also known as Series A Preferred Stock, in favour of the Contemplated Transactions (effective immediately prior to their transfer hereunder), the execution and delivery by SIERRA's officers, of each Transaction Document and the consummation of the Contemplated Transactions to which they are or, at Closing, will be, a party, no other acts by or on behalf of SIERRA are necessary or required to authorize the execution, delivery and performance by SIERRA of each Transaction Document and the consummation of the Contemplated Transactions to which it is or, at Closing, will be a party. This Agreement and the other Transaction Documents to which SIERRA is a party have been, executed and delivered by SIERRA and (assuming the valid execution and delivery thereof by the other parties thereto) constitutes, or will, at the Closing, constitute, as the case may be, the legal, valid and binding agreements of SIERRA enforceable against it in accordance with their respective terms, except as such obligations and their enforceability may be limited by applicable Laws affecting the enforcement of shareholders' or creditors' rights generally and except that the availability of equitable remedies is subject to the discretion of the court before which any proceeding therefor may be brought (whether at law or in equity).

SECTION 3.2 No Conflicts; Consents. The execution, delivery and performance by SIERRA of each Transaction Document to which it is a party and the consummation of the Contemplated Transactions to which SIERRA is a party does not and will not: (i) violate any provision of the articles of incoiporation or by-laws of SIERRA, as the case may be; (ii) require SIERRA to obtain any consent, approval or action of or waiver from, or make any filing with, or give any notice to, any Governmental Body or any other person, other than the filing of current information with OTC Markets and related forms or schedules; (iii) except as set forth in Schedule 3.2, violate, conflict with or result in the breach or default under (with or without the giving of notice or the passage of time), or permit the suspension or termination of, any material Contract to which SIERRA is a party or any of them or any of its assets is bound or subject or result in the creation or any Lien upon any assets of SIERRA; or (iv) violate any Order or, to SIERRA's knowledge, any Law of any Governmental Body against, or binding upon, SIERRA, or upon any of its respective assets or businesses.

SECTION 3.3 Corporate Existence and Power of SIERRA. SIERRA is a corporation duly organized, validly existing and in good standing under the laws of the State of Wyoming, and has all requisite corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.

SECTION 3.4 Capitalization.

(a) Pre-Split. The authorized capital stock of SIERRA consists of: (i) 3,499,000,000 shares of common stock, $0.001 par value (the "SIERRA Common Stock") and (ii) 1,000,000 shares of Preferred Stock authorized, no par value, of which One Hundred (100) shares have been designated as Series A Preferred Stock. The Series A Preferred Stock has no conversion rights, is senior to SIERRA's Common Stock, and has voting rights per share as follows: Each share of Series A Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding Common Stock eligible to vote at the time of the respective vote (the "Numerator"), divided by (y) 0.49 (the "Denominator"), minus (z) the Numerator. For the avoidance of doubt, if the total issued and outstanding Common Stock eligible to vote at the time of the respective vote is 600,000, the voting rights of ONE SHARE of Series A Preferred Stock shall be equal to (0.019607 x 600,000 / 0.49) - (0.019607 x 600,000)) or (24,008 - 11,764) or 12,244 votes per share, or approximately 2% per share (the "Super Preferred Stock.") As of the date hereof and at Closing, the number of issued and outstanding shares of Common Stock is approximately Three Billion Four Hundred Six Million Eight Hundred Sixty Five Thousand Two Hundred Eighty Five (3,406,865,285) shares and the number of issued and outstanding shares of Series A Preferred Stock are Ninety (90) shares. All of the SIERRA Common Stock is, and at Closing will be, duly authorized, duly and validly issued, fully paid and non-assessable, and none were issued in violation of any pre-emptive rights, rights of first refusal or any other contractual or legal restrictions of any kind. Similarly all of the SIERRA Series A Preferred Stock is, and at Closing will be, duly authorized, duly and validly issued, fully paid and non-assessable, and none were issued in violation of any pre-emptive rights, rights of first refusal or any other contractual or legal restrictions of any kind. At Closing there are not and will not be, any other shares of Preferred Stock designated, issued or outstanding; and there will be no other shares of Common or Preferred Stock issuable under any contractual rights and no instruments convertible into, or that require the issuance of any other shares of SIERRA's capital stock except as expressly set forth herein.

(b) Post-Split. The Company is in the process of effecting a 1:10,000 reverse stock split, the result of which will result in the aforementioned shares equalling approximately Six Hundred Two Thousand Six Hundred Thirty Six (602,636) shares on a post split basis with Three Billion Five Hundred Million (3,500,000,000) shares of the Company's capital stock authorized for issuance, Three Billion Four Hundred Ninety Nine Thousand (3,499,000) shares of which will be designated as Common Stock, $0,001 par value; and One Million (1,000,000) shares of which are designated a Preferred Stock, no par value; One Hundred (100) of the shares of Preferred Stock have been designated as Series A Preferred Stock, Ninety (90) of which are issued and outstanding on a post split basis the remaining Nine Hundred Ninety Nine Thousand Nine Hundred (999,900) shares are authorized but undesignated and unissued. On a split adjusted basis, the shares of newly issued post-reverse-split Common Stock issuable to the Members will be 40,000,000 shares; or approximately 98.5% based on a total of 40,602,636 shares issued and outstanding on a post split basis. In addition the Company had previously entered into an agreement and promissory note with GHS Investments, LLC on December 11, 2018 that was subsequently amended and approved which provides for the payment of $100,000 in the following instalments: $7,500 on the date of the Addendum, $7,500 on or before August 25, 2019, $10,000 on or before September 25, 2019, $10,000 on or before October 25, 2019, $10,000 on or before November 25, 2019, $15,000 on or before December 25, 2019, $15,000 on or before January 25, 2020, and $15,000 on or before February 25, 2020. In addition the Company agreed to issue 25,000 post-split shares to GHS.

(c) There are no other shares of common stock, preferred stock or securities issuable except as expressly stated in this Section 3.5, nor are there any options, warrants, notes, phantom stock agreements or other rights to receive shares of SIERRA's Common Stock or other securities.

SECTION 3.5 Disclosure of Information. SIERRA has been given the opportunity: (i) to ask questions of, and to receive answers from, persons acting on behalf of NSR concerning the terms and conditions of the Contemplated Transactions and the business, properties, prospects and financial condition of NSR; and (ii) to obtain any additional information (to the extent NSR or the Members possess such information or are able to acquire it without unreasonable effort or expense and without breach of confidentiality obligations) necessary to verify the accuracy of information provided about NSR.

SECTION 3.6 OTC Filings. After Closing, SIERRA will take reasonable steps as necessary to assist NSR to file with OTC Markets the statements that may be required to be filed by NSR in disclosing the Contemplated Transactions. As of their respective dates, these reports and statements will not contain any untrue statement of a material fact or omit to state a material fact required to be stated in them or necessary to make the statements in them not misleading, in light of the circumstances under which they are made and these reports and statements will comply in all material respects with all applicable requirements of the Exchange Act and the Securities Act.

SECTION 3.7 Liabilities. Except for its indebtedness to GHS, SIERRA does not have any liabilities and as of the date hereof, has not incurred any additional Liabilities. Somerset, GHS and Robert Stevens, individually have agreed to forgive any and all obligations that may be due to them by SIERRA or its successors and on the Closing Date SIERRA will not have any Liabilities outstanding except for the funds due to GHS and those on Schedule 3.7. There were certain assets and liabilities that had been reported on OTC Markets. However, since that time, the statute of limitations has expired and after attempting to contact prior management SIERRA was not able to reach anyone.

SECTION 3.8 Absence of Certain Changes.

(a) SIERRA has conducted its business in the ordinary course consistent with past practice and except as disclosed on Schedule 3.8 hereto there has not been:

(i) Any change in any method of accounting or accounting practice by SIERRA;

(ii) Any increase in the compensation, commission, bonus or other direct or indirect remuneration paid, payable or to become payable to any officer, stockholder, director, consultant, agent or employee of SIERRA, or any alteration in the benefits payable or provided to any thereof;

(iii) Any material adverse change in the relationship of SIERRA with its employees, customers, suppliers or vendors;

(iv) Except for any changes made in the ordinary course of business, any material change in any of SIERRA's business policies, including advertising, marketing, selling, pricing, purchasing, personnel, returns or budget policies; and

(v) Any agreement or arrangement whether written or oral to do any of the foregoing.

SECTION 3.09 Contracts.

(a) Schedule 3.09 sets forth an accurate and complete list of all Contracts to which SIERRA is a party or by which it or its assets are bound or subject that: (i) cannot be cancelled upon 30 days' notice without the payment or penalty of less than Five Thousand Dollars ($5,000); or (ii) involve aggregate annual future payments by or to any person of more than Five Thousand Dollars ($5,000). True and complete copies of all written Contracts (including all amendments thereto and waivers in respect thereof) and summaries of the material provisions of all oral Contracts so listed have been made available to the Members.

(b) All Contracts to which SIERRA is a party are valid, subsisting, in full force and effect and binding upon SIERRA and the other parties thereto, in accordance with their terms, except that no representation or warranty is given as to the enforceability of any oral Contracts. To the best of SIERRA's knowledge and belief, except as set forth on Schedule 3.09, SIERRA is not in default (or alleged default) under any such Contract.

SECTION 3.10 Claims and Proceedings. There are no outstanding Orders of any Governmental Body against or involving SIERRA, its assets or its business. There are no Claims (whether or not the defence thereof or Liabilities in respect thereof are covered by insurance), pending or, to the best of SIERRA's knowledge, threatened on the date hereof, against or involving SIERRA, its assets or its business except as are set forth on Schedule 3.10.

SECTION 3.11 Taxes.

(a) Except as set forth on Schedule 3.11:

(i) SIERRA has filed or, if not yet due but due before Closing, will timely file all Tax Returns required to be filed by it for all taxable periods ending on or before the date of Closing and all such Tax Returns are or, if not yet filed, will be, upon filing, true, correct and complete in all material respects;

(ii) SIERRA has paid, or if payment is not yet due but due before Closing, will promptly pay when due to each appropriate Tax Authority, all Taxes of SIERRA shown as due on the Tax Returns required to be filed by it for all taxable periods ending on or before the date of Closing;

(iii) the accruals for Taxes currently payable as well as for deferred Taxes shown on the financial statements of SIERRA as of the date of the Interim Statements or the date of any financial statements delivered hereunder: (A) adequately provide for all contingent Tax Liabilities of SIERRA as of the date thereof; and (B) accurately reflect, as of the date thereof, all unpaid Taxes of SIERRA whether or not disputed, in each case as required to be reflected thereon in order for such statements to be in accordance with U.S. GAAP;

(iv) no extension of time has been requested or granted for SIERRA to file any Tax Return that has not yet been filed or to pay any Tax that has not yet been paid and SIERRA has not granted a power of attorney that remains outstanding with regard to any Tax matter;

(v) SIERRA has not received notice of a Tax Deficiency and, to SIERRA's knowledge, no Tax Deficiency is proposed or threatened;

(vi) all Tax Deficiencies have been paid or finally settled and all amounts determined by settlement to be owed have been paid;

(vii) there are no Tax Liens on or pending against SIERRA or any of the assets, other than those which constitute Permitted Liens;

(viii) there are no presently outstanding waivers or extensions or requests for a waiver or extension of the time within which a Tax Deficiency may be asserted or assessed;

(ix) no issue has been raised in any examination, investigation, suit, action, claim or proceeding relating to Taxes which, by application of similar principles to any past, present or future period, would result in a Tax Deficiency for such period;

(x) there are no pending or threatened Tax Audits of SIERRA;

(xi) SIERRA has no deferred intercompany gains or losses that have not been fully taken into income for income Tax purposes;

(xii) there are no transfer or other taxes (other than income taxes) imposed by any state on SIERRA by virtue of the Contemplated Transactions; and

(xiii) no claim has been made by any Tax Authority that SIERRA is subject to Tax in a jurisdiction in which Emporia is not then paying Tax of the type asserted.

Each reference to a provision of the Code in this Section 3.12 shall be treated for state and local Tax purposes as a reference to analogous or similar provisions of state and local law.

(b) To SIERRA's knowledge, SIERRA has collected and remitted to the appropriate Tax Authority all sales and use or similar Taxes required to be collected on or prior to the date of Closing and has been furnished properly completed exemption certificates for all exempt transactions and has no information otherwise or notice of any claim by any government or jurisdiction with regards thereto. SIERRA has maintained and has in its possession all records, supporting documents and exemption certificates required by applicable sales and use Tax statutes and regulations to be retained in connection with the collection and remittance of sales and use Taxes for all periods up to and including the date of Closing. With respect to sales made by SIERRA prior to the date of Closing for which sales and use Taxes are not yet due as of the date of Closing, all applicable sales and use Taxes payable with respect to such sales will have been collected or billed by SIERRA and will be included in the assets of SIERRA as of the date of Closing.

SECTION 3.12 Compliance with Laws. SIERRA is not in violation of any Orders and to the best of SIERRA's knowledge, belief and information, any Laws of any Governmental Bodies affecting SIERRA or SIERRA Common Stock.

SECTION 3.13 Environmental Matters. To the best of SIERRA's knowledge, belief and information, SIERRA is, and at all times has been, in full compliance with, and has not been and is not in violation of or liable under, any Environmental Law.

SECTION 3.14 Finders Fees. There is no investment banker, broker, finder or other intermediary which has been retained by or is authorized to act on behalf of SIERRA who might be entitled to any fee or commission from SIERRA in connection with the consummation of the Contemplated Transactions.

SECTION 3.15 Disclosure. Neither this Agreement, the Schedules hereto, nor any reviewed or unaudited financial statements, documents or certificates furnished or to be furnished to NSR by or on behalf of SIERRA pursuant to this Agreement contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements contained herein or therein not misleading. There are no events, transactions or other facts, which, either individually or in the aggregate, may give rise to circumstances or conditions which would have a material adverse effect on the general affairs or business of SIERRA.

SECTION 3.16 Authority. Robert Stevens represents that he is the sole duly elected member of the board of directors and sole officer of SIERRA and has full power and authority to enter into this agreement and the Contemplated Transactions. Robert Stevens further represents that he is a duly appointed officer of Somerset Capital, Ltd. And that all necessary action on the part of the board of directors of Somerset authorizing him to act on behalf of Somerset in the sale of the Series A Preferred Stock has been duly taken and as an officer of Somerset, Mr. Stevens has full power and authority to execute and deliver any and all documents necessary to transfer and sell the Ninety (90) shares of Series A Preferred Stock referenced herein.

SECTION 3.17 Ownership of Shares. Somerset Capital, Ltd. By and through its duly appointed officer, Robert Stevens, represents that it is the sole owner of 90 shares of SIERRA Series A Preferred Stock and that such shares have been validly issued, are fully paid, are non-assessable, that Somerset and Mr. Stevens have full power and authority to transfer and convey the same and that there are no other shares of such preferred stock or any other classes or series of preferred stock issued or outstanding.

ARTICLE IV

COVENANTS AND AGREEMENTS

The Members covenant to SIERRA; and SIERRA covenants to the Members that:

SECTION 4.1 Filings and Authorizations. The parties hereto shall cooperate and use their respective best efforts to make, or cause to be made, all registrations, filings, applications and submissions, to give all notices and to obtain all governmental or other third party consents, transfers, approvals, Orders and waivers necessary or desirable for the consummation of the Contemplated Transactions in accordance with the terms of this Agreement including without limitation the preparation of any documents required to be filed with FINRA, OTC Markets or the State of Wyoming in connection with the transactions contemplated by this Agreement; and shall furnish copies thereof to each other party prior to such filing and shall not make any such registration, filing, application or submission to which the Shareholders reasonably object in writing. All such filings shall comply in form and content in all material respects with applicable Law. The parties hereto also agree to furnish each other with copies of such filings and any correspondence received from any Governmental Body in connection therewith.

SECTION 4.2 Confidentiality. Each party hereto shall hold in strict confidence, and shall use its best efforts to cause all of its officers, employees, agents and professional counsel and accountants, (collectively, "Representatives") to hold in strict confidence, unless compelled to disclose by judicial or administrative process, or by other requirements of Law or OTC Markets, all information concerning any other party which it has obtained from such party prior to, on, or after the date hereof in connection with the Contemplated Transactions, and each party shall not use or disclose to others, or permit the use of or disclosure of, any such information so obtained, and will not release or disclose such information to any other person, except its Representatives who need to know such information in connection with this Agreement and who shall be advised of the provisions of this Section 4.2. The foregoing provision shall not apply to any such information to the extent; (i) known by any party prior to the date such information was provided to such party in connection with the Contemplated Transactions; (ii) made known to such party from a third party not in breach of any confidentiality requirement; or (iii) made public through no fault of such party or any of its Representatives.

SECTION 4.3 Expenses. The Members, SIERRA and NSR shall bear their respective expenses, in each case, incurred in connection with the preparation, execution and performance of the Transaction Documents and the Contemplated Transactions, including, without limitation, all fees and expenses of their respective Representatives.

SECTION 4.4 Tax Matters. The Members and SIERRA shall reasonably cooperate, and shall cause their respective Representatives reasonably to cooperate, in preparing and filing all Tax Returns, including maintaining and making available to each other all records necessary in connection with the preparation and filing of Tax Returns, the payment of Taxes and the resolution of Tax Audits and Tax Deficiencies with respect to all taxable periods. Refunds or credits of Taxes that were paid by NSR with respect to any periods shall be for the account of NSR.

SECTION 4.5 Further Assurances. At any time and from time to time after the date of Closing, upon the reasonable request of any party hereto, the other party(ies), shall do, execute, acknowledge and deliver, or cause to be done, executed, acknowledged or delivered, all such further documents, instruments or assurances, as may be necessary, desirable or proper to carry out the intent and accomplish the purposes of this Agreement.

SECTION 4.6 Restricted Securities. The parties acknowledge and agree that the Transferred Membership Interests being issued or transferred pursuant to the Contemplated Transactions are being issued or transferred pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") and constitute "restricted securities" within the meaning of the Securities Act. Such securities may not be transferred absent compliance with the provisions of the Securities Act, other applicable Laws, and all stock certificates evidencing such securities shall bear a legend to such effect and to the effect that such shares are subject to the terms and provisions of this Agreement.

SECTION 4.7 Due Diligence. Prior to the Closing Date The parties agree that each of them shall be entitled, through its Representatives, to make such investigation of the properties, businesses and operations of each other party, and such examination of the books, records and financial condition of the other parties, as such party reasonably deems necessary. Any such investigation and examination shall be conducted at reasonable times, under reasonable circumstances and upon reasonable notice. No investigation by a party shall diminish or obviate any of the representations, warranties, covenants or agreements of the other parties contained in this Agreement.

SECTION 4.8 Reverse Split. SIERRA agrees that it will, at its expense, complete the 1:10,000 reverse stock split and will file any and all documents necessary with FINRA and the State of Wyoming to effect the same.

SECTION 4.9 Provide Documents. SIERRA agrees to provide any and all documents necessary to allow the Company's new management to effect corporate actions with FINRA, specifically a name and symbol change. Further, NSR and its Members intend to "up - list" to

NASDAQ or the NYSE and as part of that process, will need to have complete copies of the minute book of SIERRA containing all shareholder actions and board minutes, bylaws, committee charters, board minutes and consents and will need to have a PCAOB audit conducted for the two previous years of SIERRA's operations, Robert Stevens agrees that he will provide any and all accounting records and necessary and will fully cooperate with the auditors in their audit of the Company's financial statements.

SECTION 4.10 Spin-Off of Existing Business. SIERRA is a "shell" company and as such, there is no existing business to be "spun off," sold or otherwise terminated.

SECTION 4.11 Payment to Somerset. The Member(s) receiving the Ninety (90) shares of Series A Preferred Stock shall paid to Somerset Capital, Ltd. or its assigns as Robert Stevens may have directed, the sum of $25,000, which sum was paid upon execution of the original agreement among the parties hereto. On or about the time that the original agreement was executed by the parties hereto, the Company and Somerset entered into a consulting agreement that provided for the issuance of 4,000,000 of the Company's common stock. At Stevens' request and the Company's agreement, the parties agreed to assign the consulting agreement to Thistle Investments, LLC so that the shares would be issued to Thistle as part of Stevens' estate planning. To effect that assignment, rather than execute a document of assignment, the parties agreed that the Somerset consulting agreement was terminated and then agreed to execute a new consulting agreement with Thistle Investments, LLC. However, the economic purpose for issuing the 4,000,000 shares was compensation for relinquishing control of Sierra and therefore was in addition to the $25,000 consideration paid for the 90 shares of Series A Preferred Stock that were transferred by Somerset. In order to properly reflect the economic reality of the underlying transaction, the parties hereto now agree that both consulting agreements are null and void by mutual agreement and that the 4,000,000 shares referenced therein are issuable by the Company as additional consideration for relinquishing control of the Company through the sale of the Series A Preferred Stock; and that, pursuant to Stevens' instructions (given in connection with his estate planning) and the consent of Somerset, the Company may issue the 4,000,000 shares of its common stock to Thistle Investments, LLC, a family limited liability company. Upon the issuance of said shares, the Company will have no further liability to Stevens, Somerset, or Thistle Investments, LLC, their officers, directors, managers, members, employees, independent contractors or any other party that may have had a claim to receive shares of the Company, whether from the sale and transfer of the Series A Preferred Shares or for any other reason, provided that the shares are issued on or prior to February 28, 2020. In the event that the 4,000,000 shares are not issued on or before February 28, 2020, the Company shall owe Thistle Investments, LLC, the sum of $100,000, which sum shall be payable on or before August 20, 2020. Robert Stevens on behalf of Somerset and Thistle Investments, LLC, by and through its duly authorized agent, Jodi Stevens, agrees that the 4,000,000 shares shall be subject to the following bleed-out provisions: The purpose of this bleed out provisions are to allow for the 4,000,000 shares to be sold in an orderly manner. These bleed-out provisions shall be effective for a period of two years beginning on the day that they are first eligible to have the restrictive legend removed (the "Bleed-Out Period.) Thistle Investments, LLC, by and through its duly authorized agent, Jodi Stevens, affirmatively states that she understands and agrees that Thistle Investments, LLC will not sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose of or agree to dispose of any of the common stock of the Company owned directly by Thistle Investments, LLC or with respect to which it or its affiliates has beneficial ownership within the rules and regulations of the Securities and Exchange Commission (the "Exchanged Common Shares"), except in compliance with the following share limitation and selling restriction during the Bleed-Out Period. In each case, sales of the Exchanged Common Shares shall be limited to the greater of (A) ten percent (10%) of the 10 day average daily trading volume as reported by a nationally recognized source (e.g. Bloomberg) or (B) $1,000 worth of shares, exclusive of commissions (the "Share Limitation"), during any trading day (the "Selling Restriction"). This Selling Restriction and Share Limitation is not cumulative. Therefore, if Thistle Investments, LLC forgoes selling shares for a particular day, in the following day it will be limited by the Share Limitation. Further, Thistle Investments, LLC and its managers understand and agree that this provision is irrevocable and shall be binding upon them and Thistle Investments, LLC as the shareholder, its members, managers, legal representatives, successors, and assigns. NSR and Raynor agree that following the Closing of this Agreement, that when the 4,000,000 shares of Common Stock issued to Thistle Investments, LLC become eligible to legally have the restrictive legend removed, that they will not obstruct Thistle from having the restrictive legend removed, provided that there is an available exemption under Rule 144 or 4(a)l and it provides a legal opinion acceptable to the transfer agent that such exemption(s) are available.

SECTION 4.12 Reorganization into a Holding Company Structure. SIERRA and SOMERSET agree that following Closing, SIERRA shall change domiciles to Delaware and to effect a reorganization under Delaware General Corporation Law ("DGCL") Section 251(g) in to a holding company formation and that regardless of the filing of the reorganization under DGCL 251(g) that for purposes of this Agreement, because of certain other "house keeping" items, even if the filing with the Delaware Secretary of State Division of Corporations were to occur at a later date, that the reorganization shall be deemed to pre-date this agreement and the any and all prior agreements.

ARTICLE V

CONDITIONS TO CLOSING

SECTION 5.1 Conditions to the Obligations of the Parties. The obligations of the Parties to consummate the Contemplated Transactions are subject to the satisfaction of the following conditions:

(a) No Injunction. No provision of any applicable Law and no Order shall prohibit the consummation of the Contemplated Transactions.

(b) No Proceedings or Litigation. No Claim instituted by any person (other than pursuant to this Agreement) shall have been commenced or pending against NSR, SIERRA or the Members or any of their respective Affiliates, officers or directors, which Claim seeks to restrain, prevent, change or delay in any respect the Contemplated Transactions or seeks to challenge any of the terms or provisions of this Agreement or seeks damages in connection with any of such transactions.

SECTION 5.2 Conditions to the Obligations of the Members. The obligations of the Members hereunder to consummate the Contemplated Transactions are subject, at the option of the Members, to the fulfilment prior to or at the Closing of each of the following further conditions:

(a) Performance. SIERRA shall have performed and complied in all material respects with all agreements, obligations and covenants required by this Agreement to be performed or complied with by it at or prior to the Closing Date.

(b) Representations and Warranties. The representations and warranties of SIERRA contained in this Agreement and in any certificate or other writing delivered by SIERRA pursuant hereto shall be true in all material respects at and as of the Closing Date as if made at and as of such time (except for those representations and warranties made as of a specific date which shall be true in all material respects as of the date made).

(c) No Material Adverse Change. From the date hereof through the Closing, there shall not have occurred any event or condition that has had or could have a material adverse effect on SIERRA.

(d) Documentation. There shall have been delivered to NSR the following:

(i) a certificate, dated the Closing Date, of the Chairman of the Board and the President of SIERRA confirming the matters set forth in Section 5.2(a) (b) and (c) hereof;

(ii) the stock certificates in the names of the Members and in the amounts of SIERRA Common Stock as set forth on Exhibit A attached hereto; and

(iii) resolutions adopted by the board of directors of SIERRA authorizing the transactions contemplated hereby, certified by the Secretary of SIERRA.

(iv) a resolution adopted by Robert Stevens appointing Anthony Raynor to fill the vacancy on the board of directors of SIERRA following his resignation.

(v) a letter of resignation of Robert Stevens, resigning all positions he holds with SIERRA

(vi) the elections and appointments of and resignations of each of the prior officers and directors of SIERRA.

(vii) each of the documents submitted to FINRA to effect the reverse stock split referred to herein

(viii) a consent to be filed with the transfer agent granting Peder K. Davisson access to the Company's transfer records with full power and authority to instruct the transfer agent with respect to cancelations and issuances of SIERRA's shares.

SECTION 5.3 Conditions to the Obligations of SIERRA. All obligations of SIERRA to consummate the Contemplated Transactions hereunder are subject, at the option of SIERRA, to the fulfilment or waiver prior to or at the Closing of each of the following further conditions:

(a) Performance. The Members and NSR shall have performed and complied in all material respects with all agreements, obligations and covenants required by this Agreement to be performed or complied with by them at or prior to the Closing Date.

(b) Representations and Warranties. The representations and warranties of the Members and NSR, contained in this Agreement and in any certificate or other writing delivered by the Members and NSR pursuant hereto shall be true in all material respects at and as of the Closing Date as if made at and as of such time (except for those representations and warranties made as of a specific date which shall be true in all material respects as of the date made).

(c) No Material Adverse Change. From the date hereof through the Closing, there shall not have occurred any event or condition that has had or could have a material adverse effect on NSR.

(d) Documentation. There shall have been delivered to SIERRA the following:

(i) A certificate, dated the Closing Date, of the Chairman of the Board, the President or Chief Financial Officer of NSR confirming the matters set forth in Section 5.3(a) (b) and (c) hereof;

(ii) A certificate, dated the Closing Date, of the Secretary of NSR and the Members certifying, among other things, that attached or appended to such certificate: (i) is a true and correct copy of NSR's articles of organization and all amendments thereto; and (ii) is a true and correct copy of NSR's operating agreement;

(iii) resolutions adopted by the Members authorizing the transactions contemplated hereby, certified by the Secretary of NSR; and

(iv) Transferred Membership Interest Certificate representing the Transferred Membership Interests duly endorsed in blank or accompanied by stock powers duly endorsed in blank and in suitable form for transfer to SIERRA by delivery.

SECTION 5.4 Conditions to the Obligations of SOMERSET. All obligations of Somerset Capital Ltd. to consummate the Contemplated Transactions hereunder are subject, at the option of Somerset, to the fulfilment or waiver prior to or at the Closing of each of the following further conditions:

(a) The contingent payment of $100,000 that may be due to Thistle Investments, LLC under this Agreement remains payable as set forth in Section 4.11 unless the 4 million shares referenced therein are paid on or before February 28, 2020. NSR intends to prepare and file a registration statement with the Securities & Exchange Commission on Form S-l and in preparing this registration statement, it will ensure that it meets the requirements of having "Form 10 type information," as required by companies that have previously been shells, in order to qualify for the exemption provided under Rule 144.

ARTICLE VI<br> INDEMNIFICATION

SECTION 6.1 Survival of Representations, Warranties and Covenants. (a) Notwithstanding any right of SIERRA fully to investigate the affairs of NSR and the rights of the Members to fully investigate the affairs of SIERRA, and notwithstanding any knowledge of facts determined or determinable by the Members, SIERRA, or NSR, pursuant to such investigation or right of investigation, the Members and SIERRA have the right to rely fully upon the representations, warranties, covenants and agreements of NSR, the Members and SIERRA respectively, contained in this Agreement, or listed or disclosed on any Schedule hereto or in any instrument delivered in connection with or pursuant to any of the foregoing. All such representations, warranties, covenants and agreements shall survive the execution and delivery of this Agreement and the Closing hereunder. Notwithstanding the foregoing, all representations and warranties of the Members, NSR and SIERRA respectively, contained in this Agreement, on any Schedule hereto or in any instrument delivered in connection with or pursuant to this Agreement shall terminate and expire twenty four (24) months after the date of Closing; provided, however, that the liability of the Members and SIERRA shall not terminate as to any specific claim or claims of the type referred to in Section 6.3 hereof, whether or not fixed as to Liability or liquidated as to amount, with respect to which the Members and/or SIERRA has been given specific notice on or prior to the date on which such Liability would otherwise terminate pursuant to the terms of this Section 6.1 (b), or which arise or result from or are related to a Claim for fraud.

SECTION 6.2 Obligation of the Members to Indemnify. The Members agree to indemnify, defend and hold harmless SIERRA (and their respective directors, officers, employees, Affiliates, successors and assigns) from and against all Claims, losses, Liabilities, Regulatory Actions, damages, deficiencies, judgments, settlements, costs of investigation or other expenses (including Taxes, interest, penalties and reasonable attorneys' fees and fees of other experts and disbursements and expenses incurred in enforcing this indemnification) (collectively, the "Losses") suffered or incurred by SIERRA, or any of the foregoing persons arising out of any breach of the representations and warranties of the Members contained in this Agreement, or of the covenants and agreements contained in this Agreement or in the Schedules or any other Transaction Document.

SECTION 6.3 Obligation of SIERRA, STEVENS and SOMERSET to Indemnify. SIERRA, STEVENS and SOMERSET jointly and severally agree to indemnify, defend and hold harmless the Members (and any heirs, successor or assignee thereof) from and against any Losses suffered or incurred by the Members or any of the foregoing persons arising out of any breach of the representations and warranties of SIERRA, STEVENS or SOMERSET or of the covenants and agreements of SIERRA, STEVENS or SOMERSET contained in this Agreement or in the Schedules or any other Transaction Document.

SECTION 6.4 Notice and Opportunity to Defend Third Party Claims. (a) Within ten (10) days following receipt by any party hereto (the 'Indemnitee") of notice of any demand, claim, circumstance or Tax Audit which would or might give rise to a claim, or the commencement (or threatened commencement) of any action, proceeding or investigation that may result in a Loss (an "Asserted Liability"), the Indemnitee shall give notice thereof (the "Claims Notice") to the party or parties obligated to provide indemnification pursuant to Sections 6.2, or 6.3 (collectively, the "Indemnifying Party"). The Claims Notice shall describe the Asserted Liability in reasonable detail and shall indicate the amount (estimated, if necessary, and to the extent feasible) of the Loss that has been or may be suffered by the Indemnitee.

(b) The Indemnifying Party may elect to defend, at its own expense and with its own counsel, any Asserted Liability unless: (i) the Asserted Liability includes a Claim seeking an Order for injunction or other equitable or declaratory relief against the Indemnitee, in which case the Indemnitee may at its own cost and expense and at its option defend the portion of the Asserted Liability seeking equitable or declaratory relief against the Indemnitee, or (ii) the Indemnitee shall have reasonably, and in good faith, after consultation with the Indemnifying Party, concluded that: (x) there is a conflict of interest between the Indemnitee and the Indemnifying Party which could prevent or negatively influence the Indemnifying Party from impartially or adequately conducting such defence; or (y) the Indemnitee shall have one or more defences not available to the Indemnifying Party but only to the extent such defence cannot legally be asserted by the Indemnifying Party on behalf of the Indemnitee. If the Indemnifying Party elects to defend such Asserted Liability, it shall within ten (10) days (or sooner, if the nature of the Asserted Liability so requires) notify the Indemnitee of its intent to do so, and the Indemnitee shall cooperate, at the expense of the Indemnifying Party, in the defence of such Asserted Liability. If the Indemnifying Party elects not to defend the Asserted Liability, is not permitted to defend the Asserted Liability by reason of the first sentence of this Section 6.4(b), fails to notify the Indemnitee of its election as herein provided or contests its obligation to indemnify under this Agreement with respect to such Asserted Liability, the Indemnitee may pay, compromise or defend such Asserted Liability at the sole cost and expense of the Indemnifying Party.

Notwithstanding the foregoing, neither the Indemnifying Party nor the Indemnitee may settle or compromise any claim over the reasonable written objection of the other, provided that the Indemnitee may settle or compromise any claim as to which the Indemnifying Party has failed to notify the Indemnitee of its election under this Section 6.4(b) or as to which the Indemnifying Party is contesting its indemnification obligations hereunder. If the Indemnifying Party desires to accept a reasonable, final and complete settlement of an Asserted Liability so that such Indemnitee's Loss is paid in full and the Indemnitee refuses to consent to such settlement, then the Indemnifying Party's liability to the Indemnitee shall be limited to the amount offered in the settlement. The Indemnifying Party will exercise good faith in accepting any reasonable, final and complete settlement of an Asserted Liability. In the event the Indemnifying Party elects to defend any Asserted Liability, the Indemnitee may participate, at its own expense, in the defence of such Asserted Liability. In the event the Indemnifying Party is not permitted by the Indemnitee to defend the Asserted Liability, it may nevertheless participate at its own expense in the defence of such Asserted Liability. If the Indemnifying Party chooses to defend any Asserted Liability, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control that are necessary or appropriate for such defence. Any Losses of any Indemnitee for which an Indemnifying Party is liable for indemnification hereunder shall be paid upon written demand therefor.

SECTION 6.5 Limits on Indemnification. (a) Notwithstanding the foregoing or the limitations set forth in Section 6.5(b) below, in the event such Losses arise out of any fraud related matter on the part of any Indemnifying Party, then such Indemnifying Party shall be obligated to indemnify the Indemnitee in respect of all such Losses.

(b) The Members shall not be liable to indemnify SIERRA, STEVENS or SOMERSET pursuant to Section 6.2 above and SIERRA, STEVENS or SOMERSET shall not be liable to indemnify the Members pursuant to Section 6.3 above with respect to special, consequential or punitive damages; or in respect of any individual Loss of less than $2,000.

SECTION 6.6 Exclusive Remedies. The parties agree that the indemnification provisions of this Article VI shall constitute the sole or exclusive remedy of any party in seeking damages or other monetary relief with respect to this Agreement and the Contemplated Transactions, provided that, nothing herein shall be construed to limit the right of any party to seek: (i) injunctive relief for a breach of this Agreement; (ii) legal or equitable relief for a Claim for fraud; (iii) indemnity under the bylaws of SIERRA if they are or have been a director or officer of SIERRA or (vi) rescission of the sale of the 90 shares of Series A Preferred Stock by SOMERSET for non-payment of the sum due under Section 4.11 hereof.

ARTICLE VII

SPECIFIC PERFORMANCE; TERMINATION

SECTION 7.1 Specific Performance.

(a) The Members acknowledge and agree that, if they fail to proceed with the Closing in any circumstance other than those described in clauses (a), (b), (c) or (d) of Section 7.2 below, SIERRA will not have adequate remedies at law with respect to such breach. In such event, and in addition to each party's right to terminate this Agreement, each party shall be entitled, without the necessity or obligation of posting a bond or other security, to seek injunctive relief, by commencing a suit in equity to obtain specific performance of the obligations under this Agreement or to sue for damages, in each case, without first terminating this Agreement. The Managers of NSR specifically affirm the appropriateness of such injunctive, other equitable relief or damages in any such action.

(b) SIERRA and SOMERSET acknowledge and agree that, if they fail to proceed with the Closing in any circumstance other than those described in clauses (a), (b), (c) or (d) of Section 7.2 below, NSR and its Members will not have adequate remedies at law with respect to such breach. In such event, and in addition to each party's right to terminate this Agreement, each party shall be entitled, without the necessity or obligation of posting a bond or other security, to seek injunctive relief, by commencing a suit in equity to obtain specific performance of the obligations under this Agreement or to sue for damages, in each case, without first terminating this Agreement. The boards of directors of SIERRA and SOMERSET specifically affirm the appropriateness of such injunctive, other equitable relief or damages in any such action.

SECTION 7.2 Termination. This Agreement may be terminated and the Contemplated Transactions may be abandoned at any time prior to the Closing:

(a) By mutual written consent of the Members and SIERRA;

(b) By the Members if: (i) there has been a material misrepresentation or material breach of warranty on the part of SIERRA, STEVENS or SOMERSET in the representations and warranties contained herein and such misrepresentation or breach of warranty, if curable, is not cured within ninety days after written notice thereof from the Member(s); (ii) SIERRA or SOMERSET have committed a breach of any covenant imposed upon them hereunder and fails to cure such breach within thirty days after written notice thereof from the Member(s); or (iii) any condition to the Members' obligations under Article V becomes incapable of fulfilment through no fault of the Members and is not waived by NSR;

(c) By SIERRA, if: (i) there has been a misrepresentation or breach of warranty on the part of the Members in the representations and warranties contained herein and such misrepresentation or breach of warranty, if curable, is not cured within thirty days after written notice thereof from SIERRA; (ii) the Members have committed a breach of any covenant imposed upon them hereunder and fail to cure such breach within thirty days after written notice thereof from SIERRA; or (iii) any condition to SIERRA's obligations under Article V becomes incapable of fulfilment through no fault of SIERRA and is not waived by the Members.

SECTION 7.3 Effect of Termination; Right to Proceed. Subject to the provisions of Section 7.1 hereof, in the event that this Agreement shall be terminated pursuant to Section 7.2, all further obligations of the parties under this Agreement shall terminate without further liability of any party hereunder except that: (i) the agreements contained in Section 4.2 shall survive the termination hereof; and (ii) termination shall not preclude any party from seeking relief against any other party for breach of Section 4.2. In the event that a condition precedent to its obligation is not met, nothing contained herein shall be deemed to require any party to terminate this Agreement, rather than to waive such condition precedent and proceed with the Contemplated Transactions.

ARTICLE VIII<br> MISCELLANEOUS

SECTION 8.1 Notices. (a) Any notice or other communication required or permitted

hereunder shall be in writing and shall be delivered personally by hand or by recognized overnight courier, or mailed (by registered or certified mail, postage prepaid return receipt requested) as follows:

If to National Storm Recovery, LLC

Attn: Anthony Raynor

203 West 1<sup>st</sup> Street

Apopka, FL 32703

If to Sierra Gold Corporation or

Somerset Capital, Ltd.

Attn: Robert Stevens

387 Corona St., Suite 555

Denver, CO 80218

If to Thistle Investments LLC

6609 S. Himalaya Way

Aurora, CO 80016

With Copies to:

Davisson & Associates, PA

Attn: Peder K. Davisson, Esq.

4124 Quebec Avenue North, Suite 306

Minneapolis, MN 55427-1240

(b) Each such notice or other communication shall be effective when delivered at the address specified in Section 8.1 (a). Any party by notice given in accordance with this Section 8.1 to the other parties may designate another address or person for receipt of notices hereunder. Notices by a party may be given by counsel to such party.

SECTION 8.2 Entire Agreement. This Agreement (including the Schedules and Exhibits hereto) and the collateral agreements executed in connection with the consummation of the Contemplated Transactions contain the entire agreement among the parties with respect to the subject matter hereof and related transactions and supersede all prior agreements, written or oral, with respect thereto.

SECTION 8.3 Waivers and Amendments; Non-Contractual Remedies; Preservation of Remedies. This Agreement may be amended, superseded, cancelled, renewed or extended only by a written instrument signed by the Members, SOMERSET and SIERRA. The provisions hereof may be waived in writing by the Members, SOMERSET and SIERRA, as the case may be. Any such waiver shall be effective only to the extent specifically set forth in such writing. No failure or delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof. Nor shall any waiver on the part of any party of any such right, power or privilege, nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the exercise of any other such right, power or privilege. Except as otherwise provided herein, the rights and remedies herein provided are cumulative and are not exclusive of any rights or remedies that any party may otherwise have at law or in equity.

SECTION 8.4 Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Florida applicable to agreements made and to be performed entirely within such State without regard to the conflict of laws rules thereof.

SECTION 8.5 Consent to Jurisdiction. Each of the parties hereto irrevocably and voluntarily submits to personal jurisdiction in the State of Florida and in the Federal courts in such state in any action or proceeding arising out of or relating to this Agreement and agrees that all claims in respect of such action or proceeding may be heard and determined in any such court. If for any reason the Federal courts in such state will not entertain such action or proceeding, then the parties hereto irrevocably and voluntarily submit to personal jurisdiction in the state courts located in the State of Florida in any action or proceeding arising out of or relating to this Agreement and agree that all claims in respect of any action or proceeding may be heard and determined in any such court. Each of the parties further consents and agrees that such party may be served with process in the same manner as a notice may be given under Section 8.1. The parties hereto agree that any action or proceeding instituted by any of them against any other party with respect to this Agreement will be instituted exclusively in the United States District Court located within the State of Florida, or alternatively, in the State courts located therein. Each party irrevocably and unconditionally waive and agree not to plead, to the fullest extent permitted by law, any objection that they may now or hereafter have to the laying of venue or the convenience of the forum of any action or proceeding with respect to this Agreement in any such courts.

SECTION 8.6 Binding Effect; No Assignment. This Agreement and all of its provisions, rights and obligations shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, heirs and legal representatives. This Agreement may not be assigned (including by operation of Law) by any party hereto without the express written consent of the other party and any purported assignment, unless so consented to, shall be void and without effect.

SECTION 8.7 Exhibits. All Exhibits and Schedules attached hereto are hereby incorporated by reference into, and made a part of, this Agreement.

SECTION 8.8 Severability. If any provision of this Agreement for any reason shall be held to be illegal, invalid or unenforceable, such illegality shall not affect any other provision of this Agreement, this Agreement shall be amended so as to enforce the illegal, invalid or unenforceable provision to the maximum extent permitted by applicable law, and the parties shall cooperate in good faith to further modify this Agreement so as to preserve to the maximum extent possible the intended benefits to be received by the parties.

SECTION 8.9 Counterparts. The Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

SECTION 8.10 Third Parties. Except as specifically set forth or referred to herein, nothing herein express or implied is intended or shall be construed to confer upon or give to any person other than the parties hereto and their permitted heirs, successors, assigns and legal representatives, any rights or remedies under or by reason of this Agreement or the Contemplated Transactions.

ARTICLE IX<br> DEFINITIONS

SECTION 9.1 Definitions. The following terms, as used herein, have the following meanings:

"Affiliate" of any person means any other person directly or indirectly through one or more intermediary persons, controlling, controlled by or under common control with such person.

"Agreement" or "this Agreement" shall mean, and the words "herein", "hereof' and "hereunder" and words of similar import shall refer to, this agreement as it from time to time may be amended.

"Assets" shall mean all cash, instruments, properties, rights, interests and assets of every kind, real, personal or mixed, tangible and intangible, used or usable in the Business.

The term "audit" or "audited" when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

"Business" shall mean the ownership and operation of the business of the party referred to.

"Condition of the Business" shall mean the financial condition, prospects or the results of operations of the Business, the Assets of the party referred to.

"Contract" shall mean any contract, agreement, indenture, note, bond, lease, conditional sale contract, mortgage, license, franchise, instrument, commitment or other binding arrangement, whether written or oral.

"Control" with respect to any person, shall mean the power to direct the management and policies of such person, directly or indirectly, by or through stock ownership, agency or otherwise, or pursuant to or in connection with an agreement, arrangement or understanding (written or oral) with one or more other persons by or through stock ownership, agency or otherwise; and the terms "controlling" and "controlled" shall have meanings correlative to the foregoing.

"GAAP" shall mean generally accepted accounting principles in effect on the date hereof (or, in the case of any opinion rendered in connection with an audit, as of the date of the opinion) in the subject jurisdiction.

"Governmental Bodies" shall mean any government, municipality or political subdivision thereof, whether federal, state, local or foreign, or any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, or any court, arbitrator, administrative tribunal or public utility.

"Know" or "Knowledge" The term "knowledge" with respect to: (a) any individual shall mean actual knowledge of such individual or as to a fact, something that would be discoverable with minimal diligence by an ordinary person; and (b) any corporation shall mean the actual knowledge of the directors and executive officers of such corporation and as to a fact, something that would be discoverable with minimal diligence by an ordinary person in the position of the director or officer; and "knows" has a correlative meaning. The terms "any Shareholder's knowledge," and "Shareholder's knowledge," including any correlative meanings, shall mean the knowledge of any Shareholder and as to a fact shall mean something that would be discoverable with minimal diligence by an ordinary person in the position of the Shareholder.

"Laws" shall mean any law, statute, code, ordinance, rule, regulation or other requirement of any Governmental Bodies.

"Liability" shall mean any direct or indirect indebtedness, liability, assessment, claim, loss, damage, deficiency, obligation or responsibility, fixed or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured, accrued, absolute, actual or potential, contingent or otherwise (including any liability under any guaranties, letters of credit, performance credits or with respect to insurance loss accruals).

"Lien" shall mean any mortgage, lien (including mechanics, warehousemen, labourers and landlords liens), claim, pledge, charge, security interest, preemptive right, right of first refusal, option, judgment, title defect, covenant, restriction, easement or encumbrance of any kind.

The term "person" shall mean an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization or other entity, including a government or political subdivision or an agency or instrumentality thereof.

"Receivables" shall mean as of any date any trade accounts receivable, notes receivable, sales representative advances and other miscellaneous receivables of SIERRA or NSR.

"SEC" means the United States Securities and Exchange Commission.

"SEC Documents" means all forms, notices, reports, schedules, statements, and other documents filed by Emporia with the SEC within the three years from the Effective Time, whether or not constituting a "filed" document, and includes all proxy statements, registration statements, amendments to registration statements, periodic reports on Forms 10-KSB, 10-QSB, and 8-K. and annual and quarterly reports to shareholders.

"Tax" (including, with correlative meaning, the terms "Taxes" and "Taxable") shall mean: (i)(A) any net income, gross income, gross receipts, sales, use, ad valorem, transfer, transfer gains, franchise, profits, license, withholding, payroll, employment, excise, severance, stamp, rent, recording, occupation, premium, real or personal property, intangibles, environmental or windfall profits tax, alternative or add-on minimum tax, customs duty or other tax, fee, duty, levy, impost, assessment or charge of any kind whatsoever (including but not limited to taxes assessed to real property and water and sewer rents relating thereto), together with; (B) any interest and any penalty, addition to tax or additional amount imposed by any Governmental Body (domestic or foreign) (a "Tax Authority") responsible for the imposition of any such tax and interest on such penalties, additions to tax, fines or additional amounts, in each case, with respect to any party hereto, the Business or the Assets (or the transfer thereof); (ii) any liability for the payment of any amount of the type described in the immediately preceding clause (i) as a result of a party hereto being a member of an affiliated or combined group with any other person at any time on or prior to the date of Closing; and (iii) any liability of a party hereto for the payment of any amounts of the type described in the immediately preceding clause (i) as a result of a contractual obligation to indemnify any other person.

"Tax Return" shall mean any return or report (including elections, declarations, disclosures, schedules, estimates and information returns) required to be supplied to any Tax Authority.

"Transaction Documents" shall mean, collectively, this Agreement, and each of the other agreements and instruments to be executed and delivered by all or some of the parties hereto in connection with the consummation of the transactions contemplated hereby.

SECTION 9.2 Interpretation. Unless the context otherwise requires, the terms defined in this Agreement shall be applicable to both the singular and plural forms of any of the terms defined herein. All accounting terms defined in this Agreement, and those accounting terms used in this Agreement except as otherwise expressly provided herein, shall have the meanings customarily given thereto in accordance with GAAP as of the date of the item in question. When a reference is made in this Agreement to Sections, such reference shall be to a Section of this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. The use of the neuter gender herein shall be deemed to include the masculine and feminine genders wherever necessary or appropriate, the use of the masculine gender shall be deemed to include the neuter and feminine genders and the use of the feminine gender shall be deemed to include the neuter and masculine genders wherever necessary or appropriate. Whenever the words "include", "includes" or "including" are used in this Agreement, they shall be deemed to be followed by the words "without limitation."

IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Equity Exchange and Share Purchase Agreement as of the date set forth above.

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| SIERRA GOLD CORPORATION, | SIERRA GOLD CORPORATION, |
| A Wyoming corporation | A Wyoming corporation |
| By: | */s/ Robert Stevens* |
| Robert Stevens | Robert Stevens |
| Chief Executive Officer and President | Chief Executive Officer and President |
| NATIONAL STORM RECOVERY, LLC | NATIONAL STORM RECOVERY, LLC |
| By: | */s/ Anthony Raynor* |
| Anthony Raynor | Anthony Raynor |
| Chief Executive Officer and Managing Member | Chief Executive Officer and Managing Member |
| SOLE MEMBER OF | SOLE MEMBER OF |
| NATIONAL STORM RECOVERY, LLC: | NATIONAL STORM RECOVERY, LLC: |
| */s/ Anthony Raynor* | */s/ Anthony Raynor* |
| Anthony Raynor | Anthony Raynor |
| Amount of Membership Interests of | Amount of Membership Interests of |
| National Storm Recovery, LLC owned: 100% | National Storm Recovery, LLC owned: 100% |
| SOMERSET CAPITAL, LTD | SOMERSET CAPITAL, LTD |
| */s/ Robert Stevens* | */s/ Robert Stevens* |
| Robert Stevens | Robert Stevens |
| President | President |

---

---

| |
|:---|
| Acknowledged and Agreed |
| As to the Assignment of 4 Million Shares<br> of the Company's Common Stock |
| THISTLE INVESTMENTS, LLC |
| */s/ Jodi Stevens* |
| Jodi Stevens, Manager |

---

**Exhibit A**

Members

Of

National Storm Recovery, LLC

---

| | |
|:---|:---|
|  | Percentage Owned |
| Anthony Raynor | 100% |

---

**National Storm Recovery LLC<br> Schedules**

**Schedule 2.4<br> NSR Required Consents**

None

**Schedule 2.5**<br> **NSR Subsidiaries**

None

**Schedule 2.7**

**Material Inaccuracies in NSRI Financial Statements**

There are no known material inaccuracies in NSRI Financial Statements

**Schedule 2.10**

**Material Changes to NSR Operations That Would have an Adverse Impact**

Since NSR is rapidly expanding its operations and has a limited operating history, "ordinary course of business," as it is generally used may not be the best measure. Particularly since its ordinary course of business is obtaining equipment and assets, financing them and working to capitalize on certain large and significant opportunities. Because these can involve debt, it could be argued that they could have an adverse impact. However this is necessary and was carefully considered as the company has been steadily executing on its business plan.

**Schedule 2.11**

**NSR Leases on Real Property**

*203 W 1<sup>st</sup> Street, Apopoka, FL 32703*

The current corporate offices for NSR are located at in Apopoka, Florida and are leased on a month to month basis.

*24200 County Road 561, Astatula, FL 34705*

In addition to its current corporate offices, NSR has a lease on a 100 acre facility located in Astatula, Florida, with an option to purchase. It intends to exercise this purchase option upon final receipt of zoning approval and thereafter, it intends to relocate its corporate offices to this location as well as operate it as a mulch production and packaging facility. Part of the property has improvements built that were used for television production and it has an area that was used for RV's for events that were held on the property. Management believes that, in addition to the mulch production and packaging, the property is ideal for promotional events that it will organize as part of its marketing plans, such as a lumberjack festival, and this will bring wider exposure to NSR and its operations.

*242 W. Keene Rd., Apopoka, FL 32703 and*

*5400 Rex Drive, Winter Garden, FL 34787*

Also, as part of its strategic partnership and agreement with Waste Management, NSR currently leases space at two of Waste Management's locations for its mulch production operations. The leases have a multi-year term and in exchange for NSR grinding a certain amount of its yearly tree waste per site per year the leases were steeply discounted After processing Waste Management's tree waste, NSR will then bag and sell it as mulch; and any material that is too dirty to use as mulch will be used as landfill cover.

**Schedule 2.12<br> Liens of Assets**

NSR has liens on its equipment from the various sellers that are part of the equipment's purchase and financing.

**Schedule 2.13<br> List of Material Contracts**

(a) Three Year Contract with Orange County Public Schools <br> Three Year Storm/Debris Contract with the Town of Oakland County

(b) None

**Schedule 2.16<br> Taxes**

None

**Schedule 2.18<br> Required Permits**

For the property located at 24200 County Road 561, Astatula, FL 34705, following three hearings NSR successfully applied for and received zoning approval to operate its mulch business.

For the properties located at 242 W. Keene Rd., Apopoka, FL 32703 and 5400 Rex Drive, Winter Garden, FL 34787, these sites are already permitted for NSR's operations.

**Sierra Gold Corporation<br> Schedules**

**Schedule 3.2**

**Sierra Required Consents**

None

**Schedule 3.7<br> Sierra Liabilities**

Note with GHS Investments, LLC for $100,000.

There are certain liabilities that had been listed on OTC Markets however, the statute of limitations has since run on these liabilities so none of these old obligations are enforceable since they would all be older than 6 years and the applicable statute of limitations is 6 years.

Sierra has a transfer agent services contract that has a balance owed but subject to negotiation.

**Schedule 3.8**

**Material Changes to Sierra that Would Have an Adverse Impact**

None.

**Schedule 3.9**

**Sierra Material Contracts**

GHS Investments, LLC $100,000 note as amended and obligation to issue 25,000 shares of common stock.

Sierra has a transfer agent services contract with Pacific Stock Company, with a security lien on the books and records of the company held by Pacific Stock Transfer Company.

**Schedule 3.10**

**Litigation or Claims Against Sierra**

None

**Schedule 3.11<br> Sierra Taxes**

None

## Exhibit 2.2

**Exhibit 2.2**

**BUSINESS COMBINATION AGREEMENT**

This BUSINESS COMBINATION AGREEMENT (the "<u>Agreement</u>") has been made and entered into effective as of this 31<sup>st</sup> day of January, 2020, by and among The Sustainable Green Team, Ltd., a Delaware corporation and publicly traded successor to National Storm Recovery, Inc. ("<u>SGT</u>" or the "<u>Company</u>") and Anthony Raynor ("Raynor") on the one hand (collectively, the "SGT Parties") and; Mulch Manufacturing, Inc., an Ohio corporation ("MM') and the sole shareholder of MM, Ralph Spencer ("Spencer"), on the other hand (the "MM Parties.")(together the SGT Parties and the MM Parties are referred to as, the "Parties").

WHEREAS, upon the terms and subject to the conditions of this Agreement and in accordance with the Delaware General Corporation Law (the "<u>DGCL</u>"), the Ohio Business Corporations Act, and the United States Internal Revenue Code of 1986, as amended (the "IRC"), the Parties intend to enter into a certain business combination transaction whereby the Company will acquire the business of MM and the sole shareholder of MM will receive shares of the Company's common stock as consideration for and in exchange for the business of MM, further defined by reference to certain assets and liabilities; together with the other terms and conditions, undertakings and covenants contained herein.

WHEREAS, the public company known as The Sustainable Green Team, Ltd. is the successor public company to Sierra Gold Corporation ("SG") and prior to changing its name to National Storm Recovery, Inc, ("NSRI") and then changing its domicile to the State of Delaware, SG was domiciled in die State of Wyoming. In order to "fence off" and ensure that any potential unknown or contingent liabilities, claims etc, that could have existed in SG could not cause losses for new investors, NSRI then incorporated The Sustainable Green Team, Ltd. ("SGT") as its wholly owned subsidiary and SGT then incorporated Sierra Gold Merger Corp. ("Merger Corp"), pursuant to DGCL 251(g). Thereafter, NSRI merged into Merger Corp (SGT's subsidiary) with Merger Corp surviving the merger so that the assets and liabilities of NSRI became the assets and liabilities of Merger Corp.. This holding company structure is created using the same statutory provision, DGCL 251(g), that Google used with the new corporation it formed to be its parent corporation, "Alphabet." The final result of the transactions under DGCL 251(g) is the holding company structure with SGT as the publicly traded successor to National Storm in Recovery, Inc. (fka Sierra Gold Corporation): and as the publicly traded successor corporation, SGT has two wholly owned subsidiaries, (i) Merger Corp. (the survivor to the merger that holds all potential NSRI liabilities) and (ii) National Storm Recovery, LLC. Under the DGCL 251(g) transactions, each share of NSRI stock is exchangeable, on a one for one basis, for each share of SGT stock and the NSRI shareholders become SGT shareholders.

WHEREAS, the Parties structured the business combination transaction as a tax free share exchange whereby MM, and/or the business of MM, will become a wholly owned subsidiary of the Company, however the Parties specifically reserve the right to alter or amend the technical structure of the transactions and to make such structural non-substantive changes as rnay be necessary or desirable in order to maximize the value received by the Company and its shareholders and to eliminate or minimize any negative tax affects to the MM Parties; and the Parties will work together in good faith to make any such changes, if necessary. Notwithstanding anything to the contrary herein, in the event that the transactions, as structured, or as later reported would create a significant tax burden on Spencer, his family members, heirs, successors, assigns, companies and affiliates etc., the share exchange and other transactions shall be deemed void ab initio and thereon effective immediately thereafter to be reformed and modified first, to give effect to the business acquisition described herein and then to create and maximize the Company and its shareholders value and to also minimize any tax burden on Spencer, his family members, heirs, successors, assigns, companies and affiliates.

WHEREAS, the board of directors of MM (i) has determined that the Agreement (as defined in Section 1.1 below) is in the best interests of MM and its shareholders (ii) has approved this Agreement and the other transactions contemplated hereby (collectively, the "<u>Transactions"</u>) (iii) has adopted a resolution declaring the Agreement advisable, and (iv) has determined to recommend approval of this Agreement by, and directed that this Agreement be submitted to a vote of the shareholders of MM and received their unanimous consent;

WHEREAS, Cypress Forest Products, LLC ("CFP") is a limited liability company of which Spencer is the sole member and sole member of its board of managers. CFP is the entity which holds the real property and improvements on which the "saw mill," as described herein, is located. However, the assets of the saw mill are held by MM therefore, as an ancillary part of this Agreement, CFP is agreeing to MM and the Company's use of that property and all improvement and the lease / purchase option as described herein.

WHEREAS, the board of managers of Cypress Forest Products (i) has determined that the provisions of this Agreement that provide MM and the Company with the use of the land and improvements located at County Road 194, Homerville, FL 31634 where the, "saw mill" is located (the "Homerville Property"), and the lease / purchase option thereof, is in the best interests of CFP and its sole member (ii) has approved the provision of th is Agreement relating to the use of the Homerville Property and die lease / purchase option thereof (iii) has adopted a resolution declaring that the provision of this Agreement relating to the use and lease / purchase option of the Homerville Property is advisable, (iv) has determined to recommend approval of the portion of this Agreement relating to the Homerville Property by, and directed that the provision of this Agreement relating to the Homerville Property be submitted to a vote of the members of CFP, (v) that it has been submitted to the vote of the members of CFP, (vi) that CFP has received the member's consent and (vii) by executing the Acknowledgement at the end of this Agreement, that toe sole member of CFP is expressing his consent to the aforementioned provision relating to the Homerville Property as set forth herein;

WHEREAS, RJ Enterprises, LLC ("RJ") is a limited liability company of which Spencer is toe sole member and sole member of its board of managers. RJ is the entity which holds toe real property contiguous to the Callahan property. RJ is agreeing to MM and the Company's use of that property and all improvements and toe lease / purchase option as described herein.

WHEREAS, the board of managers of RJ Enterprises, LLC (i) has determined that the provisions of this Agreement that provide MM and toe Company with the use of the land and improvements located at 446195 Hwy. 301 South, Callahan, FL 32011 (the "Callahan Property"), and the lease / purchase option thereof, is in the best interests of RJ and its sole member (ii) has approved toe provision of this Agreement relating to the use of the Callahan Property and the lease / purchase option thereof (iii) has adopted a resolution declaring that the provision of this Agreement relating to the use and lease / purchase option of toe Callahan Property is advisable, (iv) has determined to recommend approval of toe portion of this Agreement relating to the Callahan Property by, and directed that the provision of this Agreement relating to the Callahan Property be submitted to a vote of toe members of RJ, (v) that if has been submitted to the vote of the members of RJ, (vi) that RJ has received toe member's consent and (vii) by executing the Acknowledgement at the end of this Agreement, that the sole member of RJ is expressing his consent to the aforementioned provision relating to the Callahan Property as set forth herein

WHEREAS, the board of directors of toe Company (i) has determined that the Agreement is consistent with and in furtherance of the long-term business strategy of the Company and is fair to, and in the best interests of, the Company and its stockholders, (ii) has approved this Agreement and the Transactions, (iii) has adopted a resolution declaring the Agreement advisable, and (iv) has approved the issuance or delivery of certain shares of the common stock of the Company, ("<u>Company Common Stock</u>"), pursuant to this Agreement; and

NOW, THEREFORE, in consideration of the covenants, promises and representations set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

ARTICLE I

<u>THE SHARI EXCHANGE</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>The Share Exchange</u>. Subject to the terms and conditions of this Agreement,:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Issuance of Company Shares.* the Company shall issue or deliver certificates representing 40,000,000 shares of the Company's Common Stock to Spencer (as the sole shareholder and member of MM) or any designee of Spencer pursuant to separate instructions to be delivered prior to issuance, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Transfer of MM Shares.* Spencer agrees to deliver to the Company duly endorsed certificate(s), representing all (100%) of the common stock of Mulch Manufacturing, Inc., (the "<u>Spencer Certificate(s)</u>"), and any other documentation as may be required to transfer the Spencer Certificate(s) to the Company or in the event that Spencer is not able to locate the certificates representing 100 shares of common stock, then Spencer shall deliver an executed and notarized affidavit of lost, stolen or destroyed stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Specific Assets of MM that Stay in MM.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Included Assets of.MM.* In acquiring the businesses of MM as a wholly owned subsidiary, the Company is acquiring the following assets located at the following specified properties:

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| | |
|:---|:---|
| **# of Units** | **Description** |
|  | **All Assets Sawmill** |
|  | **Co. Rd, 194** |
|  | **Homerville,** FL **31634** |
|  | Worlds largest chainsaw (cuts whole Semi-load of logs) |
|  | Conveying system from 3 Debarker to hark shredding system with 2 spreader's and outfeed |
|  | system |
|  | Cooper Scragg Mill saw with In and out feed log conveyer system |
|  | 20' wide log conveying belt feeding a jolar saw with out feed system and run around |
|  | Single Arbor gang edger with in feed and out feed |
|  | Lumber unscramble feeding tipple system |
|  | Tipple Lumber sorter with run around to gang edger |
|  | Lumber length hit inner with infeed and outfeed |
|  | 1000 lumber green chain grading station |
| approx. 25 | Lumber Carts |
|  | Stack Track beam handling system |
|  | Lumber De-Scrambler |
|  | 2 bay dry kiln |
| approx. 3 | Log trailers |

---

---

| | |
|:---|:---|
| Approx. 3 | Front loaders |
| Approx. 6 | knuckle boom loaders |
| Approx. 3 | Forklifts |
| Approx. 4 | plaining systems infeed and Outfeed system |
|  | Misc. parts equipment and tools |
|  | Pendu-molder lumber |
|  | late model bagging system complete with hamer hopper & assorted equipment |
| 2 | Grade A bagger manual systems |
| 2 | Stretch wrap machines |
|  | 60<sup>th</sup> whole tree chipper with antiquated infeed and outfeed system |
|  | Cyclone air removal system |
|  | 2 stage Chip screen with run-around infeed and outfeed system |
|  | \*\*\*\*\* Moving from FARGO Pine straw Plant to Homerville |
|  | Tub Grinder |
| 2 | Manual Bagger |
| 2 | Stretch wrap machines |
|  | Front- L nd loader - Bobcats |
|  | Misc. tools and equipment |
| 2 | Forklifts |
|  | **Description** |
|  | **446195 Hwy. 301 South** |
|  | **<u>Cahahan, FL 32011</u>** |
|  | Auto Baggers complete |
| # of Units | Manual line bagger |
| 4 | Stationary Trommel, hoppers, conveyers |
| 2 | Coloring machine disc separator w Stacker and feeder |
| 1 | Electric Hogs ''Grinders" |
| 1 | Log merchandising system |
| 3 | knuckle boom loader |
|  | diamond Z grinder |
| approx. 7 | Peterson Grinder 4600 |
| 1 | Front end loaders |
| 2 | Misc. tools & Fab Shop |
| approx. 6 | Part's and supplies |
|  | Debarker Flail w/ out feed |
|  | Bark outfeed conveying system |
|  | Hogs and hog outfeed part of 3 hogs |
|  | Complete SoffScape plant |
| approx. 8 | Fork lifts |

---

---

| | |
|:---|:---|
| **# of** | **Description** |

---

**Complete Colorant Plant facility**

**108 Copeland Street**

**Jacksonville, FL 32204**

Lab Equipment

High Capacity dispersers (misers)

Powder lute unloading system

3 Approx. 10,000 gallon resin storage tanks

tools equipment and supplies

2 Fork Lifts

---

| | |
|:---|:---|
| **# of Units** | **Description** |

---

**2480 Lane Avenue North, #1222**

**<u>Jacksonville, FL 32254</u>**

1 Cheetah Coloring Machine

Radial Stacker

2 Fork Lift

2 Front Loaders

Misc. SoftScape Equipment

Log Merchandising System

computers

ah office equipment

60 Surveillance cameras

tools and equipment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Entirely Excluded Assets of MM.* Entirely excluded are the following assets that will be distributed to Spencer and are not included as part of the business of MM. each of the three facilities and the equipment associated with them generally described as the West Branch Michigan Plant, the Columbus Ohio Plant, and the Fargo Georgia Plant, with the exception of the equipment located at that plant that will be moved to the Homerville facility. In addition, any non-business assets are excluded and will also be transferred out of MM, as necessary and although such transfer(s) may take place following closing as a practical matter, the Company acknowledges that it has no claim or right to those properties and that said transfers shall be deemed to have taken place prior to this Agreement (certain other items so excluded are as follows Chitty Chitty Bang Bang Car, non-commercial real estate, cash in company bank accounts, 2 portable mulch screens, currently being borrowed by Agrisource, Jnc., as well as 3 items located at the Homerville Property to wit; HMC Surplus Saw, Old Cooper scragg, and a Log Home Beam Maker, being sold at auction by Spencer, certain logging equipment leased to Hadley Enterprises and in Hadley's possession; the new bagging line equipment located at Lane Ave. that has not been used to date, this may be sold to the Company at fair market value under a two year 4% promissory note, in form and substance substantially the same as the other notes where Spencer is or will be the holder as set forth herein.)

**Warehouse Condo**

Address: 10418 New Berlin Road 122, Jacksonville, FL 32226

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| | |
|:---|:---|
| Legal: | 38-IS-27E |
|  | New Berlin Warehouses Condominium, |
|  | Unit 122 |
|  | 1.9231% Int Common Elements |

---

**Residence**

Address:43348 Ratliff Road

---

| | |
|:---|:---|
| Legal: | Sec 16 TWN IN RNG 25 |
|  | Lot 33 RP 1322 |
|  | IN or 564 Pg 876 |
|  | Ratliff Acres Unr |

---

**Madison**

Address: Madison, FL

Legal: Beg at NE Cor of NE4 of SE4 <br> Run W 675' N824' SE 1048' <br> S 26' to POB or 384 Pg 30

**Fargo**

Address:Box 1B1-A Suwanee Road, Fargo, GA 31631

Legal: In Lots 322 and 271 <br> 13<sup>th</sup>Land District of Clinch County, GA <br> 8.5 Acres

**Unimproved Land**

Address:3295 Laanie Road

Legal: 6-70 38-2B-26E <br> D O Ogilvie Estate PT Lot 6, <br> PT Mary Smith Grant 46-2N-26E

**Leasehold Improvements**

Address:2874 S M-76, West Branch, MI 48661

**Cash**

All Mulch Manufacturing cash, deposit, checking, savings, and money market accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Use of Real Property and all Improvements by MM and Company.* Certain parcels of real property and all improvements thereon used in the operations by MM are being transferred to Ralph Spencer or are otherwise deemed to have been transferred prior to the execution of this Agreement and then under the terms of this Agreement, MM and the Company shall have the use and enjoyment thereof as set forth herein. For a period of two years from the date of this Agreement, the Company shall have the complete use and benefit of certain parcels of real property / facilities used by MM and CEP in their business operations as well as the Callahan Property held by Rj Enterprises, LLC. During this two year period neither the Company nor MM shall be required to make any rental payments Thereafter, the Company and/or MM shall have the option to rent or purchase any of the properties/facilities at the fair market value on such date. The maximum length of any lease shall be 5 years, unless the Parties mutually agree to a longer term. Further, during die two year rent abatement period, while the Company is in possession of the properties, the Company shall be responsible for maintenance, any state and local taxes and insurance due on the properties used in the Mulch Manufacturing, Inc. business operations.

Jahn Spencer as the holder of that certain Note, as modified by the Addendum dated January 31, 2020 received a pledge of the membership interests in certain limited liability companies pursuant to a Pledge and Security Agreement entered into in connection with that certain Ownership Transfer and Note Repayment Agreement and the Holder, as pledge of those membership interests hereby consents to MM and the Company's use and enjoyment of the properties, subject to the terms set forth herein.

The following is a list and description of the properties that the Company is being provided on a rent free basis which are subject to the aforementioned purchase / lease option:

Mulch Mfg., Juc. Jacksonville Lane Ave Plant

2480 Lane Ave. N #1222

Jacksonville, FI, 32254

Approx. 35 acres / approx. 100,000 sqft Facility

Jacksonville Colorant Plant

108 Copeland St.

Jacksonville, FL 32204

Approx. 40,000 BLDG on Property

Mulch Mfg., Inc.

446195 Hwy. 301 South

Callahan, FL 32011

Approx. 100 Acres Site

Homerville Sawmill

Co. Rd. 194

Homerville , FL 31634

Approx. 60 acres land

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Certain Assets of MM.* All of MM Notes and Accounts Receivable and all Inventory of MM and advances thereon (reported at cost) are included in the acquisition of MM and the Company shall have immediate possession of them by its ownership of MM, However, the 40 million shares of the Company's Common Stock issuable hereunder is based on these two assets being removed from the company - As of January 31, 2020, the date of this Agreement, the Accounts Receivable net of any required adjustments and Inventory net of any required adjustments are an aggregate of approximately $15,000,000, subject to audited year-end adjustments and roll-forward to January 31, 2020 approved by MM's audit Firm. As consideration for the share exchange that is the subject of this Agreement, and the inclusion of these items in the businesses so acquired, foe Company has agreed to provide Spencer the amount of these funds through the sale or issuance of shares of the Company's Common Stock, at a time when such issuance would be minimally dilutive. The value of these assets are valued separately from foe share exchange and that certain demand promissory note payable to Spencer in the amount of approximately $14 million will be adjusted to reflect the value of the inventory, the accounts receivable and any other sums lent by Spencer to MM. The note shall bear interest at a rate of 4% APR and have a term of two years. The Parties anticipate that their mutually anticipated earnings will allow them to sell or issue far fewer shares than may currently be required. It is the Parties' intent to issue/sell shares under a registration statement filed on Form S-l with foe U.S. Securities and Exchange Commission. Thus, payments shall begin at foe earlier of (i) two years from the date of this Agreement or (ii) upon such time as Spencer and Raynor determine that the current price of the Company's common stock is such that they believe it is in the best interest of the Company and its shareholders to prepare and file a registration statement at which time they shall prepare and file a registration statement covering a sufficient number of shares such that when sold, those shares will equal the amount then due to Spencer as stated above,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Notes and Obligation's of MM to Spencer.* Spencer and MM shall amend that certain note payable to him in the amount of approximately $14 million, representing to the value of all Notes and Accounts Receivable and all inventory of MM and advances thereon that are remaining with MM, subject to audited year-end adjustments and roll-forward to January 31, 2020 That Note with MM as the borrower and Spencer as the Lender or Holder shall be amended post closing to reflect those values following completion of the audit and roll-forward to January 31, 2020, as stated, made for a maximum term of two years, bearing simple interest at 4% APR and payments shall begin at the earlier of (i) two years from the date of this Agreement or (ii) upon such time as Spencer and Raynor determine that the current price of the Company's common stock is such that they believe it is in the best interest of the Company and its shareholders to prepare and file a registration statement at which time they shall prepare and file a registration statement covering a sufficient number of shares such that when sold, those shares will equal or exceed the amount then due to Spencer. The Parties, acknowledge, agree and accept that the certain note that MM entered into with John Spencer, Ralph Spencer's father (the "John Note"), having the principal amount of $4,000,000 currently outstanding, shall remain the obligation of MM under its original terms as modified by mutual agreement by that certain Addendum of even date herewith. The principal due under the John Note was originally $6,000,000. However, $2,000,000 has been paid since it was executed and all payments due thereunder are current as of the date of this Agreement and the Addendum, In addition to the original payment terms set forth in the note and affirmed by the Addendum, there is a requirement that any payment made to Ralph Spencer by MM shall require an equal amount be paid to John Spencer as the John Note Holder until such time as foe Note is paid in full. In addition the Addendum provides John Spencer's required consent as the Holder required for a change in control of MM and eliminates the covenants that are set forth in Section 3 of the Note. Further, the pledge of MM common stock and security interest in MM assets that had been granted were also released by execution of the Addendum. There are no other obligations or liabilities to Spencer or any affiliates or affiliated entities other than those described herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Raynor Employment Agreement,* Raynor and the Company agree that Raynor will enter into an employment agreement with the Company that is for a term of 5 years from foe date hereof, which agreement shall contain customary non-compete and non-solicitation provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) *John Spencer Employment Agreement,* Pursuant to Section 2(c) of the Ownership Transfer and Note Repayment Agreement dated January 31, 2019, John Spencer was to be employed by MM as long as the Note (the note issued in connection with the aforementioned agreement) was outstanding, receiving the same salary as he was receiving immediately prior to closing on that agreement; as well as an office, health insurance benefits, a company automobile and cell phones for John and Edna Spencer. Ihe Company is acknowledging and accepting foe terms of that agreement as a continuing obligation of MM with the added provision that, when the Note is paid in full, if John Spencer wishes to continue in his employment with MM he may continue in his current capacity or in such other capacities as the board of directors may identity and he may agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Effects of the Share Exchange</u>. On or as soon after execution of this Agreement as is practicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Corporate Status of MM.* M M shall be a wholly owned subsidiary of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Issuance of Company Shares to Spencer.* MM's sole shareholder, Ralph Spencer, and his designees shall hold 40,000,000 shares of the Company Common Stock with the issuance of such shares conditioned on and subject to the same mutual agreement as those shares of the Company held bv Raynor, all as described in that certain Shareholder Agreement of even date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Board Representation.* Spencer shall be provided a seat on the Company's board of directors, to hold office until his death, permanent disability, resignation, and only following the payment of the promissory note reflecting the value of the inventory and receivables of MM as set forth herein and subject to adjustment following MM's audit; and only thereafter, until his removal or his successor is duly elected and qualified, all in accordance with the certificate of incorporation and bylaws of the Company and applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Spencer and Raynor's Mutual Agreement as Shareholders.* Spencer and Raynor agree that they will be eligible to receive bonuses and that all stock bonuses shall be equal as between them as members of the board of directors; they further agree that when they desire to sell Company shares that they will each sell in an equal number and pursuant to a 10b5 plan. Notwithstanding the forgoing, in the event that Raynor and Spencer are to receive any bonuses paid in cash during a time while there are any sums outstanding under the "John Note" then as a requirement for such bonuses to be paid to Raynor and Spencer, the amount to be paid to them shall also be paid toward any principal then outstanding under the John Note. That is, the amount payable under the John Note shall be the same as either Anthony Raynor or Ralph Spencer is to receive (but not both together). This right of the Holder under the John Note to additional payments shall cease once the John Note has been paid in full

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Bleed-Out Agreem</u>ent. As to the 10 million shares of the Company's Common Stock that each Raynor and Spencer will hold upon execution of this Agreement (the "Subject Shares"), each mutually agree that the Subject Shares shall be subject to a bleed-out agreement as follows; The purpose of this bleed-out agreement is to allow for shares to be sold in an orderly manner. The bleed-out provision is effective from the date hereof or issuance in the case of Spencer, and run until all of the Subject Shares have been sold by Spencer and Raynor. Each agrees that he will not sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose of or agree to dispose of any of the Common owned of the Company owned directly by him or with respect to which he may have beneficial ownership as defined by the rules and regulations of the Securities and Exchange Commission, except in compliance with the following share limitation and selling restriction. In each case, sales of the Subject Shares shall be limited to the greater of (A) ten percent (10%) of the ten day average daily trading volume as reported by a nationally recognized source (e.g. Bloomberg) or (B) $1,000 worth of shares, exclusive of commissions (the "Share Limitation"), during any trading day (the "Selling Restriction"). This Share Limitation shall continue unless terminated or modified by mutual agreement and the Share Limitation is not cumulative. Therefore, if he forgoes selling any of his part of the Subject Shares for a particular day, during the following day he will be limited by the Share Limitation. Each understands and agrees that this bleed-out provision is irrevocable except by mutual written agreement and shall be binding upon him and his heirs, legal representatives, successors, and assigns. This Bleed-Out Agreement will be set forth in and as a requirement in any 10b5 plan to which Raynor or Spencer are parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Tag Along Agreemen</u>t. Each of the Company Raynor and Spencer agree that upon execution of this Agreement, that the Subject Shares shall be subject to the following

Tag Along Agreement. In the event that either Raynor or Spencer, elects to sell, or otherwise transfer for value, all or a portion of his Common Shares, in response to a bonafide offer (the "Tag-Along Offer") from a third party (a " Tag-Along Transaction"), then foe other party shall have the right (the "Tag-Along Right") to require, as a condition to the proposed Tag- Along Transaction, that such proposed bonafide third party acquirer of the Common Shares from him also purchase and/or acquire such number of Common Shares from the other which bears the same proportion to all of the Common Shares the other then owns, as the number of Common Shares that is the subject of the Tag-Along Offer bears to all of the Common Shares then outstanding, for an amount of consideration per Common Share in respect of the other's Common Shares equal to the amount of consideration per Common Share being received by the party first made the offer. The other party shall further be entitled to the same form of consideration, payment terms and security in connection with any Tag-Along Transaction as is being received by the party first made the offer. For example, if Spencer is made a bona fide offer to sell 20 million of his shares, Raynor shall have the right to also sell the buyer 20 million of Raynor's shares (at the same price or the same kind and value of consideration as Spencer would receive). Alternatively, if the buyer is only buying 20 million shares total, then for the transaction to proceed, each Raynor and Spencer must be allowed to sell 10 million shares to the buyer, and again, at the same price, consideration and value as the other is to receive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Raynor and Spencer Notes*. Upon execution of this Agreement the note dated December 1, 2019 payable to MM issued in connection with that certain equipment purchase agreement dated October 2, 2019, is hereby amended and restated to remove the conversion feature and will be extended such that the maximum term will be two years from the date hereof and bear interest at 4% APR. No payments of principal or interest shall be due until maturity and any security interest shall be limited to the equipment sold under that purchase agreement. The bonus shares issued under the equipment purchase agreement dated October 2, 2019 shall be returned and canceled simultaneously with the issuance of the 40,000,000 shares issuable under this Agreement. Similarly Raynor has a promissory note with the Company in an amount of approximately $330,000 that will be reformed to have terms substantially die same as Spencer's (except for the security interest) and both Spencer and Raynor agree that these notes will be payable from the proceeds of the sale of the Company's shares of Common Stock made pursuant to a registration statement filed with the Securities and Exchange Commission on Form S-1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Spencer Banking Relationship.* Upon execution of this Agreement, Spencer shall help negotiate and secure the Company funding with Sun Trust Bank or another competitive bank to refinance the Company's rental equipment obligations as well as a credit line and Company credit card. In addition, Spencer agrees to help provide the bank financing to pay-off the rental equipment known as Global Rental, consisting of 3 grapple trucks, I - 45 ton crane, 1 - bucket truck and 1 - trailer as well as foe Company's Vermeer horizontal grinder, JCB excavator and JCB font end loader. In addition, Spencer agrees that if there is an opportunity for him to assist the Company in obtaining more favorable financing terms for additional equipment, he agrees that he will use his best efforts to do so. This provision does not, in any way, require Spencer to execute, deliver or otherwise provide a personal guarantee in connection with his negotiation or securing of any loan ultimately made to the Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) *Spencer Funding and Security Interest.* In addition to the forgoing, Spencer shall provide by wire transfer to the Company, $430,000 in immediate working capital. Further Spencer will continue to fund MM as well as the Company, in his discretion, in such amounts and at a rate of 4% APR, such landing to be repaid from the proceeds from the sale of foe Company's Common Stock sold pursuant to the Company's registration statement to be filed on form S-1. Spencer shall be granted a first position security interest and shall be entitled to duly file any UCC - 1 financing statement necessary to perfect his security interest for any loans so made. Notwithstanding the forgoing, Spencer agrees that he will subordinate his security interest, specifically as to a security interest on any equipment or assets where such equipment or assets are to be acquired from the proceeds of a loan or financing made for the purpose of acquiring that equipment or those assets, In addition to the forgoing Spencer advanced $300,000 pursuant to a promissory note in anticipation of closing on this transaction and the note issued shall be amended and replaced so that its term and maturity shall be two years so that it is consistent with Spencer's other notes and the conversion feature contained therein and any right to shares upon conversion shall be removed from it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) *Bankruptcy, Receivership* or *Liquidation.* In the unlikely event that (i) the Company files a voluntary petition in bankruptcy; (ii) is the subject to an involuntary petition in bankruptcy and the same are not dismissed within 90 days; (iii) a petition for the appointment of a receiver is filed and granted wherein the receiver is duly appointed by court order and given the authority to liquidate the Company's assets; or (iv) there is an assignment for the benefit of creditors; and under any of the forgoing items (i) - (iv) (each a, ''Liquidation Event"), i.e. the Company is being liquidated, then Spencer shall have the right to unwind the share exchange as follows: If there is a Liquidation Event Spencer shall be entitled to (a) receive the equipment that was acquired by virtue of the acquisition of MM (the "Equipment") and (b) return all of the unsold or transferred 40 million shares issued hereunder, with the Equipment to be returned reduced in kind, by the proceeds he received from the sale of any of the 40 million shares or if transferred without sale, less the value of the shares so transferred. In any case, if equities require, adjustment shall be made to take into account the sale of any Equipment or any improvements that the Company may have made thereto. This right to "unwind" the share exchange shall terminate upon the earlier of: (x) 5 years from the date hereof, (y) following six continuous months wherein the price of the Company's Common Stock trades at a price of $5.00 or greater during each week in the six month continuous period, or (z) the proceeds from the sale or value at the time of the transfer without sale, of Spencer's shares of the Company's Common Stock are equal to or greater than the fair market value of the adjusted Equipment value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Royalty Agreement.* Upon execution of this Agreement the Royally Agreement of even date shall be executed and delivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 **<u>Interpretation</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The meaning assigned to each term defined herein shall be equally applicable to both the singular and the plural forms of such term and vice versa, and words denoting either gender shall include both genders as the context requires. Where a word or phrase is defined herein, each of its other grammatical forms shall have a corresponding meaning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The terms "hereof " "herein" and "herewith" and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) When a reference is made in this Agreement to an Article, Section, paragraph. Exhibit or Schedule, such reference is to an Article, Section, paragraph, Exhibit or Schedule to this Agreement unless otherwise specified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The word ''include", "includes", and "including" when used in this Agreement shall be deemed to be followed by the words "without limitation", unless otherwise specified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A reference to any Party to this Agreement or any other agreement or document shall include such Party's predecessors, successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Reference to any Law means such Law as amended, modified, codified, replaced or reenacted, and all rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Parties have participated jointly in the negotiation and drafting of this Agreement. Any rule of construction or interpretation otherwise requiring this Agreement to he construed or interpreted against any Party by virtue of the authorship of this Agreement shall not apply to the construction and interpretation hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All accounting terms used and not defined herein shall have the respective meanings given to them under GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Severability</u>. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law, or public policy all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions is not affected in any manner materially adverse to any Party. Upon a determination that any term or other provision of this Agreement is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the Transactions be consummated as originally contemplated to the fullest extent possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Assignment; Binding Effect; Benefit</u>, Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Parties hereto (whether by operation of Law or otherwise) without the prior written consent of the other Parties. Subject to the preceding sentence, this Agreement shall be binding upon and shall issue to the benefit of the Parties hereto and their respective executors, heirs, personal representatives successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Fees and Expenses</u>. All fees and expenses incurred in connection with the Agreement and the other Transactions, shall be paid by the Party incurring such fees or expenses, whether or not the Agreement is consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Specific Performance</u>. The Parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance with the terms hereof and that the Parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy at Law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Governing Law</u>. This Agreement and any Exhibits and Schedules hereto shall be governed by and interpreted and enforced in accordance with the Laws of the State of Florida, without giving effect to any choice of Law or conflict of Laws rules or provisions (whether of the State of Florida or any other jurisdiction) that would cause foe application of the Laws of any jurisdiction other than the State of Florida.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Consent to Jurisdiction; Waiver of Jury Trial</u> Each Party irrevocably submits to foe exclusive jurisdiction of (a) Florida, and (b) the United States District Court for the District of Florida, for the purposes of any Proceeding arising out of this Agreement or any of the Transactions. Each Party agrees to commence any such Proceeding either in the United Slates District Court for the District of Florida or if such Proceeding may not be brought in such court for jurisdictional reasons, in the District Court sitting in Orange County. Each Party further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party's respective address set forth above shall be effective service of process for any Proceeding in Florida with respect to any matters to which it has submitted to jurisdiction in this Section 2.7. Each Party irrevocably and unconditionally waives any objection to the laying of venue of any Proceeding arising out of this Agreement or any of the Transactions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>Headings</u>. The descriptive headings contained in this Agreement are included for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>Counterparts</u>. This Agreement may be executed and delivered (including by facsimile transmission or PDF via e-mail) in one or more counterparts, and by the different Parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>Entire Agreement</u>. This Agreement the Company and any documents delivered by the Parties in connection herewith constitute the entire agreement among the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings among the Parties with respect thereto. Except as otherwise provided herein, no addition to or modification of any provision of this Agreement shall be binding upon any Party hereto unless made in writing and signed by all Parties hereto.

IN WITNESS WHEREOF, the Parties have executed this Agreement or caused this Agreement to be executed by the respective officers thereunto duly authorized, in each case as of the date first written above.

---

| | | |
|:---|:---|:---|
| THE SUSTAINABLE GREEN TEAM, LTD. | THE SUSTAINABLE GREEN TEAM, LTD. | INDIVIDUALLY |
| By: | */s/ Anthony Raynor* 2-7-2020 | */s/ Anthony Raynor* 2-7-2020 |
|  | Anthony Raynor, CEO | Anthony Raynor |
| MULCH MANUFACTURING, INC. | MULCH MANUFACTURING, INC. |  |
| By: | */s/ Ralph Spencer* | */s/ Ralph Spencer* |
|  | Ralph Spencer, CEO | Ralph Spencer |

---

**Acknowledgement of Cypress Forest Products, LLC and RJ Enterprises, LLC**

As to the real estate provisions set forth in Section 1.2 (e) of this Agreement, they are: Agreed and Accepted by:

---

| | | |
|:---|:---|:---|
|  | */ Ralph Spencer* | ![](ex2-2_001.jpg)  |
|  | Ralph Spencer, Individually | ![](ex2-2_001.jpg)  |
|  |  | ![](ex2-2_001.jpg)  |
|  | and | ![](ex2-2_001.jpg)  |
|  |  | ![](ex2-2_001.jpg)  |
|  |  | ![](ex2-2_001.jpg)  |
|  |  | ![](ex2-2_001.jpg)  |
| CYPRESS FOREST PRODUCTS, LLC | CYPRESS FOREST PRODUCTS, LLC | ![](ex2-2_001.jpg)  |
|  |  | ![](ex2-2_001.jpg)  |
| By: | */s/ Ralph Spencer* | ![](ex2-2_001.jpg)  |
|  | Ralph Spencer, CEO | ![](ex2-2_001.jpg)  |

---

---

| | | |
|:---|:---|:---|
|  | RJ ENTERPRISES, LLC | ![](ex2-2_002.jpg)  |
| By: | */s/ Ralph Spencer* | ![](ex2-2_002.jpg)  |
|  | Ralph Spencer, CEO | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |
|  |  | ![](ex2-2_002.jpg)  |

---

**Acknowledgement, Consent and Acceptance of John Spencer**

John Spencer as the Holder of that certain Note in the original principal amount of $6 million dated January 31, 2019, as amended by the Addendum dated January 31, 2020 hereby consents to the terms of this Agreement, individually as the Note Holder, Secured Party and Pledgee

John Spencer, Individually

## Exhibit 3.1

**Exhibit 3.1**

**Certificate of Incorporation**

**OF**

**The Sustainable Green Team, Ltd.**

***-a Delaware Corporation-***

I, the undersigned, being the original Incorporation herein named, for the purpose of forming a corporation under the Delaware General Corporation Law, do herein state:

**FIRST**

The name of the Corporation is The Sustainable Green Team, Ltd..

**SECOND**

**The address of the registered office of the Corporation in the State of Delaware is: 16192 Coastal Highway, Lewes, Delaware 19958 and the name of the registered agent to the Company in the State of Delaware at such address is Harvard Business Services, Inc., County of Sussex.**

**THIRD**

**The purpose of the Corporation is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of Delaware.**

**FOURTH**

**A.** **Authorization of Stock.** 

The Corporation is authorized to issue two classes of stock to be designated, respectively, "Common Stock" and "Preferred Stock" The total number of shares that the Corporation is authorized to issue is Two Hundred Fifty Million (250,000,000).The total number of shares of Common Stock authorized to be issued is Two Hundred Forty Five Million (245,000,000), par value $0.0001 per share (the "Common Stock"). The total number of shares of Preferred Stock authorized to be issued is Five Million (5,000,000), par value $0.0001 per share (the "Preferred Stock"), of which One Hundred (100) shares have been designated as Series A Preferred Stock (the "Series A Preferred Stock"), with the remaining Four Million Nine Hundred Ninety Nine Thousand (4,999,000) shares of Preferred stock authorized and undesignated. The Board of Directors is authorized to establish, from the authorized and unissued shares of Preferred Stock, one or more classes or series of shares, to designate each such class and series, and fix the rights and preferences of each such class of Preferred Stock; which class or series shall have such voting powers (full or limited or no voting powers), such preferences, relative, participating, optional or other special rights, and such qualifications, limitations or restrictions as shall be stated and expressed in the resolution or resolutions providing for the issuance of such class or series of Preferred Stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof. Except as provided in the resolution or resolutions of the Board of Directors creating any series of Preferred Stock and as set forth below, the shares of Common Stock shall have the exclusive right to vote for the election and removal of directors and for all other purposes. Each holder of Common Stock shall be entitled to one vote for each share held.

---

| |
|:---|
| State of Delaware |
| Secretary of State |
| Division of Corporations |
| Delivered 06:57 PM 12/31/2019 |
| FILED 06:57 PM 12/31/2019 |
| SR 20200004269 - File Number 7698114 |

---

**B.** **Series A Preferred Stock.** 

**Section 1. *Designation anti Amount*. The Corporation has authorized 5,000,000 shares of preferred stock, par value $0.0001, and of those shares, One Hundred (100) shares are hereby designated as "Series A Preferred Stock" (the "Series A Preferred Stock").**

**Section 2. *Voting Rights*. Except as otherwise required by law, on any matter presented to the stockholders of the Corporation for their action or consideration at any meeting of stockholders of the Corporation (or by written consent of stockholders in lieu of meeting), each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Series A Preferred Stock held by such holder as of the record date for determining stockholders entitled to vote on such matter; with each share casting a vote equal to: the quotient of the sum of all outstanding shares of common stock together with any and all other securities of the Corporation that provide for voting on an "as converted" basis, divided by 0.99. The Corporation may not authorize any additional shares of Series A Preferred Stock or authorize and designate any other Class or Series of Preferred Stock that have Voting Rights in pari passu with or greater than the Voting Rights accorded to the holders of the Corporation's Series A Preferred Stock. Except as provided by law or by the other provisions of the Articles of Incorporation, holders of Series A Preferred Stock shall vote together with the holders of Common Stock as a single class.**

**Section 3. *No Impairment*. Unless specifically approved by the holders of the Series B Preferred Stock, the Corporation shall not intentionally take any action which would impair the rights and privileges of the Series A Preferred Stock set forth herein or the rights of the Holders thereof. The Corporation will not, by amendment of its Articles of Incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the taking of all such action as may be necessary or appropriate in order to protect the Voting Rights of the holders of the Series A Preferred Stock against impairment.**

**Section 4. *Adjustment for Stock Splits and Combinations*. If the Corporation shall at any time or from time to time after the Series A Preferred Stock Original Issue Date (as defined below) effect a subdivision or stock dividend with respect to its outstanding capital stock, the Series A Preferred Stock votes per share in effect immediately before that subdivision shall be proportionately decreased so that be number of votes remain constant. Any adjustment under this subsection shall become effective at the close of business on the date the subdivison or combination becomes effective. "Series A Original Issue Date" means the date on which the first share of Series A Preferred Stock was issued. If there shall occur any reorganization, recapitalization, reclassification, consolidation or merger involving the Corporation in which the capital stock is converted into or exchanged for securities, cash or other property, then, following any such reorganization, recapitalization, reclassification, consolidation or merger, each share of Series A Preferred Stock shall thereafter be convertible into a kind and amount of securities that are substantially the same as the shares of Series A Preferred Stock; and, in such case, appropriate adjustment (as determined in good faith by the Board of Directors of the Corporation) shall be made in the application of the provisions in this Section 4 with respect to the rights and interests thereafter of the holders of the Series A Preferred Stock, to the end that the provisions set forth in this Section 4 shall thereafter be applicable, as nearly as reasonably may be, in relation to any securities or other property thereafter deliverable upon the conversion of the Series A Preferred Stock.**

**Section 5. *No Other Rights or Preferences*. Except for Voting Rights and the rights set forth in this Article IV(B), the holders of Series A Preferred Stock shall have no other rights, privileges or preferences.**

**FIFTH**

**The name and address of the incorporator is Anthony Raynor, whose address is: 203 West 1st Street, Apopka FL 32703.**

**SIXTH**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. <u>Management by Board of Directors.</u> The Company shall be managed by the Board of Directors, which stall exercise all power under the laws of the State of Delaware, including, without limitation, the power to make, alter, or repeal the Company's Bylaws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. <u>Number of Directors.</u> The number of directors shift be (i) fixed at not less than one and not greater than nine, and (ii) thereafter be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the tine any such resolution is presented to the Board of Directors for adoption).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. <u>Appointment of Directors.</u> Subject to the rights of the holders of any series of Preferred Stock then outstanding, newly created directorships resulting from any increased in the authorized number of directors or any vacancies on the Board of Directors resulting from death, resignation, retirement, disqualification or other cause (other than removal from office by a vote of the shareholders) may be filled only by a majority vote of the directors then in office though less than quorum, the directors so chosen shall hold office until the next annual meeting shareholders. No decrease in the number of directors constituting the Board of Directors shall shorten the term of any incumbent director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. <u>Removal of Directors.</u> Subject to the rights of the holders of any series of Preferred Stock, than outstanding, any directors, or the entire Board of Directors may be removed from office at any tine, with cause, but only by the affirmative vote of the holders of at least a majority of the voting power of all of the then out standing shares of capital stock of the Corporation entitled to vote generally in the election of directors, voting together as a single class. Vacancies on the Board of Directors resulting from such removal may be filled by (1) the shareholders at a special meeting of the shareholders, by the vote of the holders of a majority of the shares entitled to vote at such meeting, or by a majority of the directors then in office, though less than a quorum. Directors so chosen shall hold office until the next annual meeting of shareholders.

**SEVENTH**

**The Board of Directors is expressly empowered to adopt, amend or repeal bylaws of the Corporation. Any adoption amendment or repeal of bylaws of the Corporation by the Board of Directors shall require the approval of a majority of the total number of authorized directors(whether or not there exist any vacancies in previously authorized directorships at the time any resolution providing for adoption, amendment or repeal is presented to the Board of Directors, though less than a quorum).**

**EIGHTH**

**A director of this Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the director's duty of loyalty to the corporation or its stockholder, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the director derived an improper personal benefit.**

**If the Delaware General Corporation Law is hereafter amended to authorize the further elimination or limitation of the liability of a director, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so amended.**

**Any repeal or modification of the foregoing provisions of this Article EIGHTH by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.**

**NINTH**

**The Corporation reserves the right to amend or repeal any provision contained in tins Certificate of Incorporation in the manner prescribed by the laws of the State of Delaware and all rights conferred upon shareholders are granted subject to this reservation.**

**IN WITNESS WHEREOF, this Certificate has been signed by its duly authorized incorporator, Anthony Raynor, on this 31<sup>th</sup> day of December, 2019.**

---

| | |
|:---|:---|
| By: | */s/ Anthony Raynor* |
|  | Anthony Raynor, Incorporator |

---

---

| |
|:---|
| State of Delaware |
| Secretary of State |
| Division of Corporations |
| Delivered 04:08 PM 04/13/2021 |
| FILED 04:08 PM 04/13/2021 |
| SR 20211280765 - File Number 7698114 |

---

**STATE OF DELAWARE**

**CERTIFICATE OF RESIGNATION OF**

**REGISTERED AGENT WITHOUT APPOINTMENT**

**OF A SUCCESSOR REGISTERED AGENT**

Pursuant to the provisions of Section 136 of Title 8 of the Delaware General Corporation Law, the undersigned agent for service of process, in order to resign as agent without appointment of a successor agent, hereby certifies that:

1. The
 name of the Corporation is <u>SUSTAINABLE GREEN TEAM, LTD.</u>.

2. The
 name of the resigning agent is <u>HARVARD BUSINESS SERVICES, INC.</u> 

3. That
 written notice of resignation was given to the affected Corporation at least 30 days prior to the filing of the certificate by mailing
 or delivering such notice to the Corporation at its address last known to the registered agent on <u>11/05/2020</u>.

4. The
 undersigned registered agent has submitted the last provided communications contact information to the Secretary of State as required
 by Section 136 of Title 8.

---

| | |
|:---|:---|
| By: | */s/ Michael J. Bell* |
| Name: | Michael J. Bell |
| Title: | President of |
|  | HARVARD BUSINESS SERVICES, INC. |

---

## Exhibit 3.2

**Exhibit 3.2**

**CERTIFICATE OF AMENDMENT TO**

**CERTIFICATE OF INCORPORATION OF**

**The Sustainable Green Team, Inc.**

**Under Section 242 of the Delaware General Corporation Law**

The Sustainable Green Team, Inc., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware (the "Corporation"),

DOES HEREBY CERTIFY:

FIRST: The date of filing of the original Certificate of Incorporation of the Corporation with the Secretary of State of the State of Delaware is December 31, 2019 (as amended to date, the "Certificate").

SECOND: The Certificate is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. Section
 B of Article SIXTH of the Certificate is hereby amended and restated in its entirety to provide
 as follows:

<u>Number of Directors; Staggered Board</u>. Except as may otherwise be provided in connection with rights to elect additional directors under specified circumstances, which may be granted to the holders of any class or series of Preferred Stock, the number of directors of the Corporation shall be fixed from time to time by the Board of Directors pursuant to resolutions adopted by a majority of the full Board of Directors. The Board of Directors (other than with respect to those directors entitled to be named by any series of Preferred Stock (the "Preferred Stock Directors")) shall be divided into three (3) classes, as nearly equal in number as possible, designated Class I, Class II and Class III. Class I Directors shall initially serve until the first annual meeting of stockholders following the date of the effectiveness of the Certificate of Amendment to the Certificate of Incorporation which has created such a staggered Board of Directors (the "Effectiveness Date"); Class II Directors shall initially serve until the second annual meeting of stockholders following the Effectiveness Date; and Class III Directors shall initially serve until the third annual meeting of stockholders following the Effectiveness Date. Commencing with the first annual meeting of stockholders following the Effectiveness Date, each Director of each class the term of which shall then expire shall be elected to hold office for a term ending on the date of the third annual meeting of stockholders next following the annual meeting at which such Director was elected. In case of any increase or decrease, from time to time, in the number of Directors (other than Preferred Stock Directors), the number of Directors in each class shall be apportioned as nearly equal as possible. The Board of Directors is authorized to designate the members of the Board of Directors in office at the Effectiveness Date or at the time of the creation of a new directorship as Class I Directors, Class II Directors or Class III Directors. In making such designation, the Board of Directors shall equalize, as nearly as possible, the number of Directors in each class. In the event of any change in the number of Directors, the Board of Directors shall apportion any newly created directorships among, or reduce the number of directorships in, such class or classes as shall equalize, as nearly as possible, the number of Directors in each class. In no event will a decrease in the number of Directors shorten the term of any incumbent Director. Directors need not be stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;2. Section
 C of Article SIXTH of the Certificate is hereby amended and restated in its entirety to provide
 as follows:

<u>Appointment of Directors</u>. Subject to the rights of the holder of any series of Preferred Stock then outstanding, newly created directorships resulting from any increase in the authorized number of directors or any vacancies on the Board of Directors resulting from death, resignation, retirement, disqualification of a director or other cause (other than removal from office by a vote of the stockholders) may be filled only by a majority vote of the directors then in office, though less than a quorum, and (i) in the event of filling a newly created directorship resulting from any increase in the authorized number of directors, the director(s) so chosen be named as a Class I Director, Class II Director or Class III Director, as determined by the Board of Directors, and subject to the requirements of Section B of this Article SIXTH, and (ii) in the event of filling any vacancies on the Board of Directors resulting from death, resignation, retirement, disqualification of a director or other cause, the director so chosen shall be a member of the same class of directors as the director whom they are replacing.

&nbsp;&nbsp;&nbsp;&nbsp;3. Section
 D of Article SIXTH of the Certificate is hereby amended and restated in its entirety to provide
 as follows:

<u>Removal of Directors</u>. Subject to the rights of the holder of any series of Preferred Stock then outstanding, any directors, or the entire Board of Directors may be removed from office at any time, only with cause, and only by the affirmative vote of holders of at least a majority of the voting power of all of the then outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors, voting together as a single class. Vacancies on the Board resulting from such removal may be filled by (1) the shareholders at a special meeting of the shareholders, by the vote of the holders of a majority of the shares entitled to vote at such meeting, or (2) by a majority of the directors then in office, although less than a quorum, provided that any such new director(s) so named shall be subject to the provisions of Section C of this Article SIXTH as to the class to which such replacement director(s) are named, and such director(s) shall hold office until the annual meeting at which the directors of such class(es) are to be elected pursuant to the provisions of Section B of this Article SIXTH.

THIRD: The remaining provisions of the Certificate not affected by the aforementioned amendments shall remain in full force and not be affected by this Certificate of Amendment.

FOURTH: The amendment of the Certificate effected by this Certificate of Amendment was duly authorized by the stockholders of the Corporation on January 12 2022, after first having been declared advisable by the Board of Directors of the Corporation on January 12, 2022, all in accordance with the provisions of Section 228 and Section 242 of the General Corporation Law of the State of Delaware.

IN WITNESS WHEREOF, the Corporation has caused this certificate to be executed by its duly authorized officer this 12<sup>th</sup> day of January, 2022.

By:   <br> Name: Anthony J. Raynor <br> Title: Chief Executive Officer

## Exhibit 4.1

**Exhibit 4.1**

**AMENDED AND RESTATED**

**PROMISSORY NOTE**

This amended and restated convertible promissory note (the "Note"), effective as of January 31, 2020, supersedes and replaces the prior demand promissory note dated June 19, 2015 and any subsequent amendments or modifications thereto, by and between Mulch Manufacturing, Inc., an Ohio corporation as maker ("Maker" or "MMI") in favor of Ralph Spencer as payee ("Payee" or "Spencer").

WHEREAS, Mulch Manufacturing, Inc. and its sole shareholder, Ralph Spencer, entered into that certain Business Combination Agreement with The Sustainable Green Team, Ltd. ("TSGT"), effective as of January 31, 2020. (the "BCA");

WHEREAS, under the terms of the BCA, Spencer received forty million (40,000,000) shares of TSGT's common stock in exchange for one hundred percent (100%) of the issued and outstanding shares of MMI's stock which was held by Spencer;

WHEREAS, under the terms of the BCA, the 40 million shares of TSGT valued the 100 shares of MMI without MMI's inventory, accounts receivable or cash;

WHEREAS, although the 40 million shares of TSGT stock exchanged excluded MMI' s inventory, accounts receivable and cash, the parties to the BCA recognized that these were necessary assets for the successful operation of MMI;

WHEREAS, the Spencer had historically withdrawn cash from MMI and then lent funds back to it to support Accounts Receivable and the purchase of Inventory under a note payable from MMI. This is that note that was originally issued, as later modified and now amended and restated and reformed to provide for the separate payment for the value of inventory, accounts receivable and cash on account provided to MMI by Spencer;

WHEREAS, rather than cancel that note and issue a new note, the note has been hereby amended and restated to function pursuant to the intent of the parties to the

WHEREAS, This Note is hereby amended and restated as required by the Business Combination Agreement by and among The Sustainable Green Team, Ltd., a Delaware corporation and Mulch Manufacturing, Inc., an Ohio corporation and Ralph Spencer as the sole shareholder of Mulch Manufacturing, Inc. under the following terms and conditions.

1. <u>Principal</u>. For value received, the Maker promises to pay to the Payee, as the holder hereof, the principal sum of $21,643,025.12 (the "Principal Amount"), together with interest thereon as set forth in Section 2 hereof. The Principal Amount due hereunder is based upon the values of Maker's Inventory and Accounts Receivable as of January 31, 2020 equal to $15,402,355.01, subject to any adjustments that are required by the Maker's PCAOB auditor, together with the cash provided in the amount of $6,240,670.11 held on account at Goldman Sachs.

2. <u>Interest</u>. Interest on the Principal Amount shall be paid on the following two components: Simple interest of four percent (4%) per annum shall accrue on the unpaid principal amount of the adjusted Inventory and adjusted Accounts Receivable values as of January 31, 2020 together with an amount equal to the difference between the initial cash provided on account at Goldman Sachs together with any additional sums advanced by the Payee, less the monthly average cash balance on account at Goldman Sachs (the "Simple Interest"); and in addition, interest shall accrue separately on the cash balance on account at Goldman Sachs at the rate provided by Goldman Sachs (the "Goldman Interest"). The Goldman Sachs portion of accrued interest may be paid periodically but not less frequently that annually and the Simple Interest portion of accrued interest shall be paid ratably along with any payments made on the Principal Amount due hereunder.

3. <u>Term and Payment</u>. The term of this Note shall be two (2) years from the effective date hereof ("Maturity") at which time the Maker shall begin making payments of such portion of the Principal Amount due together with a portion of any accrued and unpaid interest due hereunder as they may mutually agree. Therefore, beginning on January 31, 2022, the Maker shall begin making payments of Principal and Interest due hereunder. Payments may be made by (a) mutual agreement of the Payee, Maker and the Maker's parent corporation, The Sustainable Green Team, Ltd., issuing restricted shares of its common stock to the Payee at the then, current market price for its common stock; (b) the issuance of additional shares of common stock of TSGT and inclusion of them in one or more underwritten registration statements to be filed with the U.S. Securities and Exchange Commission on Form S- 1 as "resale registrations" or (c) the filing of one or more underwritten registration statements filed on Form S-l with the U.S. Securities and Exchange Commission where the underwriter(s) have consented to the use of proceeds as being, among other things, the repayment of all or a portion of the Principal Amount together with accrued and unpaid Interest due thereon. All payments not made by issuance of the securities of TSGT made hereunder shall be in lawful money of the United States of America. This Note may be prepaid in whole or in part without penalty.

3. <u>Events of Default</u>. The following shall constitute events of default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Failure to Pay.* The Maker shall fail to pay (i) when due any principal payment or (ii) any interest payment or other payment required under the terms of this Note when due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Failure to Comply.* The Maker shall fail to comply in any material respect with the terms, conditions or covenants of this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voluntary Bankruptcy or Insolvency Proceedings.* The Maker shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) admit in writing its inability to pay its debts generally as they mature and come due, (iii) make a general assignment for the benefit of creditors, (iv) be dissolved or liquidated, (commence a voluntary case or proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or the consent to any such relief or the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or (take any action for the purpose of effecting any of the forgoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Involuntary Bankruptcy or Insolvency Proceedings.* If the Maker shall have any Bankruptcy or other insolvency proceeding commenced against it and such proceeding shall not have been discharged within 180 days of commencement.

4.) <u>Security Interest</u>. All payments of principal and interest due hereunder are secured by the assets of Maker.

5.) <u>Limited Guarantee</u>. The Sustainable Green Team, Ltd. agrees to the issuance of shares of its common stock or other securities in order to provide for the payment due to Payee hereunder.

6.) <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Waiver.* The Maker hereby waives demand or payment, notice of dishonor, presentment, protest and notice of protest. No failure or delay on the part of the Payee of this Note in exercising any power or right under this Note shall operate as a waiver thereof. Nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof. No notice to or demand on the Maker in any case shall entitle the Maker to any notice or demand in similar or other circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Amendment.* This Note May only be amended by a written instrument signed by all of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Binding, Successors and Assigns.* This Note shall be binding upon and inure to the benefit of and be enforceable by the Maker and the Payee. This Note may not be assigned without the express written consent of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Governing Law and Venue.* The terms of this Note shall be construed and governed in all respects by the laws of the State of Florida, without regard to the principles of conflict of laws. Any and all disputes arising out of or related to this Note shall be adjudicated exclusively in the state or federal courts located in Florida. Each of the parties hereto submits itself to the jurisdiction of the State and Federal Courts in the State of Florida for all actions arising out of or in connection with the interpretation or enforcement of the Note. Each of the Parties hereto waives any argument that venue in such forum(s) is not convenient and each agrees that any action initiated by either party hereto shall be appropriately venued in the State of Florida.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Notices.* All notices or other communications required or permitted hereunder shall be in writing and shall be deemed effectively given (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed facsimile if send during normal business hours of the recipient, if not then on the next business day, (iii) one (1) business day after deposit with a nationally recognized overnight courier designation next business day delivery, or (iv) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid. All notices and other communications shall be sent to the address or facsimile number as set forth on the signature page hereof or at such other address as the party may designate by five (5) days advance written notice to the other parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Severability.* In one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from this Note, the balance of the Note shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms, and the parties shall use good faith to negotiate a substitute, valid and enforceable provision that replaces the excluded provision that most nearly effects the parties' intent in entering into this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) *Entire Note.* This Note constitutes the full and entire understanding, promise and agreement between the Maker and the Payee with respect to the subject matter hereof and thereof, and supersedes, merges and renders void, every other prior written and/or understanding, promise or agreement between the Maker and the Payee with respect to the subject matter hereof and thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) *Headings.* Section headings are inserted herein for convenience only and do not form a part of this Note.

IN WITNESS WHEREOF, this Note has been executed as of the date first set forth above:

MAKER:

MULCH MANUFACTURING, INC.

---

| | |
|:---|:---|
| By: | */s/ Anthony Raynor* |
|  | Anthony Raynor, CEO |

---

AGREED AND ACCEPTED

THE SUSTAINABLE GREEN TEAM, LTD.

---

| | |
|:---|:---|
| By: | */s/ Anthony Raynor* |
|  | Anthony Raynor, CEO |

---

## Exhibit 4.2

**Exhibit 4.2**

**SUBORDINATED PROMISSORY NOTE<br> John Promissory Note**

---

| | |
|:---|:---|
|  | Columbus, Ohio |
| $6000000 | January 31, 2019 |

---

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, Mulch Manufacturing, Inc., an Ohio corporation (the "**Borrower**"), hereby unconditionally promises to pay to the order of John Spencer or his assigns (the "**Holder,**" and together with the Borrower, the "**Parties**"), the principal amount of Six Million Dollars ($6,000,000) (the "**Loan**"), together with interest on the unpaid principal amount from time to time outstanding at the rate of three percent (3%) per annum. This Subordinated Promissory Note (this "**Note**") is executed and delivered pursuant to that certain Ownership Transfer and Note Repayment Agreement of even date herewith by and among Holder, Borrower, and the other parties thereto (the "**Agreement**"), and this Note constitutes the "John Promissory Note" as defined therein. The Borrower acknowledges that this Note is secured by the Shares and Membership Interests as referenced in the Agreement pursuant to the terms and conditions of a Pledge Agreement of even date herewith. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 Borrower will make payments to Holder under this Note in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Payments of accrued but unpaid interest under this Note shall be made to Holder quarterly, with the first such payment beginning on April 1, 2019 and continuing on the first day of each consecutive calendar quarter thereafter for a period of two (2) years. Thereafter, payments of accrued but unpaid interest under this Note shall be made to Holder with the biannual principal payments set forth below; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to Section 1.2, payments of outstanding principal balance of this Note shall be made to Holder as follows: (i) $2,000,000, payable on June 1, 2019 **("Initial Payment");** and (ii) biannual installments of $300,000 for aggregate payments of not less than $600,000 per year commencing on June 1, 2021 and continuing on June 1<sup>st</sup> and December 1<sup>st</sup> of each calendar year until the principal balance and all accrued interest is paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 After the Initial Payment, Borrower shall not be obligated to make payments of principal to the extent such payments would result in a default under the terms of the Senior Debt Agreement (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Borrower may prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 A payment is timely made if it is actually received by Holder on or before the date on which it is due, or if it is mailed using the U.S. Postal Service and is postmarked at least one day prior to the date on which it is due. If the date a payment is due falls on a Saturday, Sunday, or a day that is a legal holiday under the laws of the United States, that payment shall be due on the next succeeding business day. Upon written request by Holder, payments shall be made by ACH transfer on or before the date on which the payment is due.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Subordination of Indebtedness</u>. Except for the amount of the Initial Payment, the indebtedness evidenced by this Note is subordinated and junior in right of payment to the prior payment in full of all indebtedness of the Borrower to its institutional lender or any successor or replacement lender (the "**Senior Debt**") pursuant to the terms of a certain loan agreement and/or similar instruments with such institution, including any refinancing or replacement thereof (the **"Senior Debt Agreement"),** for so long as any Senior Debt remains outstanding, provided that payments may be made pursuant to this Note so long as such payments would not result in there being a default under the terms of the Senior Debt Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Covenants</u>. Until all amounts outstanding in this Note have been paid in full, the Borrower, the LLCs (as defined below) and Shareholder, as applicable, agree as follow:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 Borrower and the LLCs (as defined below) shall not pay compensation to Ralph Spencer **("Shareholder")** in excess of $120,000 per year in the aggregate exclusive of fringe benefits generally consistent with past practices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 Except with the prior written consent of Holder, Borrower and the LLCs shall not make any distributions, including repayment of shareholder debt except for: (i) distributions for shareholders or members to pay on a timely basis federal, state, and local income taxes, including any required estimated income tax payments, on the entity's taxable income and gain (net of deductions and credits) for such calendar year; (ii) a distribution by Borrower to Shareholder in the amount of up to $1,300,000 in connection with a payment to be made by him in connection with his pending divorce; and (iii) as contemplated by the Agreement, a distribution by Borrower to Shareholder of the Vehicle.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 Except as set forth herein or with the prior written consent of Holder, Borrower and the LLCs shall not make any other payments to Shareholder or any payments to Shareholder's spouse or lineal descendants (except for payments as reasonable compensation in exchange for services actually rendered) or any entity which Shareholder or such family members (excluding Holder), directly or indirectly, are the owners of 50% or more of the equity interests in such entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 Borrower shall not be in default under the Senior Debt Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 Borrower shall pay, discharge, or otherwise satisfy all of its payment obligations under any lease of real property to which Borrower is a party.

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 Without the prior written consent of Holder, neither Borrower, the LLCs nor Shareholder, shall transfer control of Borrower or the LLCs to any third party. For purposes of this Section, "control" of an entity means the power, directly or indirectly, either to (a) vote 50% or more of the shares or member interests having ordinary voting power for the election of directors or managers (or persons performing similar functions) of such entity or (b) direct or cause the direction of the management and policies of such entity, whether by contract or otherwise. This Note shall be binding upon and be assumed by any person or entity which is a successor to Borrower or the LLCs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 Each of the Borrower and the LLCs shall operate its business in the ordinary course, consistent with past practices. Without the prior written consent of Holder, Borrower and the LLCs shall not make any single expenditure, or series of related expenditures in the aggregate, in excess of $500,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 Borrower will not enter into a Senior Debt Agreement unless Holder has approved the terms of subordination contained therein, such approval not to be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Events of Default</u>. The occurrence and continuance of any of the following shall constitute an "Event of Default" hereunder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 Borrower fails to pay any amount of principal or interest of the Loan when due and such failure continues for 5 days after receipt of written notice of such failure from Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 Any representation or warranty made or deemed made by the Borrower to the Holder in the Agreement is incorrect in any material respect on the date as of which such representation or warranty was made or deemed made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 Borrower fails to observe or perform any covenant, condition, or agreement contained in this Note or the Agreement and such failure continues for 30 days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 Any voluntary petition by or involuntary petition (which is not dismissed within ninety (90) days) against the Borrower shall be filed pursuant to any chapter of the United States Bankruptcy Code or Borrower makes an assignment for the benefit of creditors, or there shall be any other marshaling of the assets and liabilities of the Borrower for the benefit of the Borrower's creditors

&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Default Rate; Remedies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 Upon the occurrence and during the continuance of an Event of Default, the interest rate hereunder will increase to five percent (5%) per annum (the "**Default Rate**") during such period of default

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 Upon the occurrence and during the continuance of an Event of Default, the Holder may, at its option, by written notice to the Borrower (a) declare the entire principal amount of this Note, together with all accrued interest thereon and all other amounts payable hereunder, immediately due and payable; and/or (c) exercise any or all of its rights, powers or remedies under applicable Law.

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Guaranty</u>. Shareholder and each of the undersigned limited liability companies (the "**LLCs**") hereby (a) consents to the provisions of this Note, (b) guarantees absolutely, unconditionally, and irrevocably the prompt payment in full of the principal of and interest on this Note (and any extension or renewal thereof in whole or in part) when due, whether maturity occurs by lapse of time or acceleration or otherwise; and (c) waives presentment, notice of dishonor and every other kind of notice (except for notice of default as provided herein) to which the undersigned might be entitled but for this waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 This Note shall not be assigned or transferred by Holder without the express prior written consent of Borrower; provided that, Holder may assign this Note to any family member, trust or other entity for estate planning purposes. Any such purported assignment or transfer in violation of the preceding sentence shall be void ab initio. This Note shall be binding upon the Borrower and upon successors and assigns of the Borrower and shall inure to the benefit of the Holder and the permitted successors and assigns of the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 This Note was delivered in the State of Ohio and shall be governed by and construed in accordance with the laws of the State of Ohio in all respects. Borrower, Shareholder, Holder and each of the LLCs consent to exclusive jurisdiction in the courts of Franklin County, Ohio for any action to enforce this Note, and waive any objection to venue laid therein, and agree that process may be served on them anywhere in the world.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 If any term or provision of this Note or the application thereof shall to any extent be invalid or unenforceable, the remainder of this Note, or the application of such term or provision other than those as to which it is invalid or unenforceable, shall not be affected thereby, and each term and provision of this Note shall be valid and enforceable to the fullest extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 This Note, the Agreement, and any amendments or supplements hereto and thereto may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute a single contract. This Note and the Agreement constitute the entire contract between the Parties with respect to the subject matter hereof and supersede all previous agreements and understandings, oral or written, with respect thereto. Specifically, this Note supersedes and replaces in part that certain Cognovit Promissory Note dated June 12, 2015 and executed by Borrower in favor of Holder. Delivery of an executed counterpart of a signature page to this Note by facsimile or in electronic (i.e., "pdf" or "tif") format shall be effective as delivery of a manually executed counterpart of this Note.

[SIGNATURE PAGES FOLLOW]

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

IN WITNESS WHEREOF, the Borrower has executed this Noted of the date first set forth above

---

| | |
|:---|:---|
| **Mulch Manufacturing, Inc.** | **Mulch Manufacturing, Inc.** |
| By | */s/ John Spencer* |
| Name: | John Spencer |
| Title: | CEO |

---

---

| | | |
|:---|:---|:---|
| STATE OF OHIO)) | <br> SS: | ![](ex4-2_003.jpg) |
| COUNTY OF <u>Licking</u>) |  | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27<sup>th</sup></u> day of <u>March,</u> 2019 by John Spencer, CEO of Mulch Manufacturing, Inc., an Ohio corporation on behalf of said corporation.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

---

| | |
|:---|:---|
| By | */s/ Ralph Spencer* |
| Name: | Ralph Spencer |
| Title: | President |

---

---

| | |
|:---|:---|
|  | ![](ex4-2_002.jpg) |
| SS: | ![](ex4-2_002.jpg) |
|  | ![](ex4-2_002.jpg) |

---

The foregoing instrument was acknowledged before me this <u>1</u> day of <u>April</u>, 2019 by Ralph Spencer, President CEO of Mulch Manufacturing, Inc., an Ohio corporation on behalf of said corporation.

---

| |
|:---|
| */s/ shanna m. wofford* |
| Notary Public |
| My commission expires <u>Aug 5, 2019</u> |

---

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

Agreed and accepted:

**John Spencer**

---

| | |
|:---|:---|
|  | ![](ex4-2_003.jpg) |
|  | ![](ex4-2_003.jpg) |
|  | ![](ex4-2_003.jpg) |
| SS: | ![](ex4-2_003.jpg) |
|  | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27</u><sup>th</sup> day of <u>March</u>, 2019 by John Spencer and acknowledged the signing of the same to be his voluntary act and deed.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

The unersigned acknowledges and agrees to be bound by the provisions of **Sections 3.6, 6,** and **7.2**.

---

| | |
|:---|:---|
|  | ![](ex4-2_002.jpg) |
|  | ![](ex4-2_002.jpg) |
|  | ![](ex4-2_002.jpg) |
|  | ![](ex4-2_002.jpg) |
| SS: | ![](ex4-2_002.jpg) |
|  | ![](ex4-2_002.jpg) |

---

The foregoing instrument was acknowledged before me this <u>1</u> day of <u>April</u>, 2019 by Ralph Spencer and acknowledged the signing of the same to be his voluntary act and deed.

---

| |
|:---|
| */s/ shanna m. wofford* |
| Notary Public |
| My commission expires <u>Aug 5 2019</u> |

---

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

The undersigned acknowledges and agress to be bound by the provisions of **Sections 3, 6** and **7.2**.

---

| | | |
|:---|:---|:---|
| **Mulch Properties, LLC** | **Mulch Properties, LLC** |  |
| By | /*s/ John w. Spencer* |  |
| Name:<br> Title: | John w. Spencer<br> MEMBER | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27</u><sup>th</sup> day of <u>March</u>, 2019 by <u>John w.Spencer</u>, <u>Member</u> of Mulch Properties, LLc, an Ohio limited liability company on behalf of said company.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

---

| | | |
|:---|:---|:---|
| **JRS, LLC** | **JRS, LLC** |  |
| By | /*s/ John w. Spencer* |  |
| Name:<br> Title: | John w. Spencer<br> MEMBER | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27</u><sup>th</sup> day of <u>March</u>, 2019 by <u>John w.Spencer</u>, <u>Member</u> of JRS, LLC, a Florida limited liability company on behalf of said company.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

---

| | | |
|:---|:---|:---|
| **Cypress Products, LLC** | **Cypress Products, LLC** |  |
| By | /*s/ John w. Spencer* |  |
| Name:<br> Title: | John w. Spencer<br> MEMBER | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27</u><sup>th</sup> day of <u>March</u>, 2019 by <u>John w.Spencer</u>, <u>Member</u> of Cypress Products, LLC, an Ohio limited liability company on behalf of said company.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

---

| | | |
|:---|:---|:---|
| **RJ Enterprises of Florida, LLC** | **RJ Enterprises of Florida, LLC** |  |
| By | /*s/ John w. Spencer* |  |
| Name:<br> Title: | John w. Spencer<br> MEMBER | ![](ex4-2_003.jpg) |

---

The foregoing instrument was acknowledged before me this <u>27</u><sup>th</sup> day of <u>March</u>, 2019 by <u>John w.Spencer</u>, <u>Member</u> of RJ Enterprises of Florida, LLC, a Florida limited liability company on behalf of said company.

---

| |
|:---|
| */s/ Julie L Watt (formerly Known as Julie L Boggs)* |
| Notary Public |
| My commission expires <u>10-19-20</u> |

---

---

| | | | |
|:---|:---|:---|:---|
| JS | */s/ JS* | RS | */s/ RS* |

---

## Exhibit 4.3

**Exhibit 4.3**

**ADDENDUM**

**TO**

**SUBORDINATED PROMISSORY NOTE<br> AND**

**SECURITY AND PLEDGE AGREEMENTS**

This Addendum to that certain subordinated promissory note dated January 31, 2019 in the principal amount of six million ($6,000,000) dollars by and between Mulch Manufacturing, Inc. an Ohio corporation (the "Borrower") and John Spencer or his assigns (the "Holder") (the "Note" or "John Note") and related Security and Pledge Agreements, as amended, is entered into effective as of January 31, 2020 by and between John Spencer, Ralph Spencer and the Borrower under the Note.

WHEREAS, the Holder and Borrower entered into the Note on or about January 31, 2019 as part of an Ownership Transfer and Note Repayment Agreement, as well as a Guarantee, Pledge and Security Agreement pursuant to which Ralph Spencer became the sole shareholder of Mulch Manufacturing, Inc., as well as guarantor of the Note that was secured by a pledge of, among other things, the shares of common stock of the Borrower that were conveyed to him. Together the Ownership Transfer and Note Repayment Agreement, the Guarantee, Pledge and Security Agreement are referred to as the, "Related Agreements;"

WHEREAS, neither the Note nor any of the Related Agreements or rights therein have been transferred by John Spencer and John Spencer as the Note Holder, Secured Party and Pledgee of certain shares of Mulch Manufacturing, Inc. common stock has full power and authority to enter into this Addendum to the Note;

WHEREAS, Section 1.1 of the Note requires that quarterly payments of interest only, at a rate of 3% per annum, were to begin on April 1, 2019, with an initial payment, as defined therein, of two million dollars ($2,000,000) to be made on June 1, 2019. As of the date of this Addendum, all required payments of principal and interest have been made, including the Initial Payment as defined therein; and the Borrower is current with its payment obligations to the Holder such that the outstanding principal balance is now four million dollars ($4,000,000). The quarterly payments of interest only are scheduled to continue for a period of 2 years from the date of issuance and thereafter biannual payments of principal are to be paid in the amount of three hundred thousand dollars ($300,000) are to commence on June 1, 2021 with the next equal principal payment to be made on December 1, 2021. Therefore after the initial two year period, quarterly payments of interest are to continue together with the biannual payments of principal until the Note is paid in foil;

WHEREAS, the Note and Related Agreements were written and executed based on the mutual understanding of the parties that the Ownership Transfer to Ralph Spencer, the resulting equity structure of Mulch Manufacturing and the continuing obligations of the Borrower and Ralph Spencer, would allow the company to continue operations as a privately held company with Ralph Spencer as the sole shareholder. However after entering into the Note and Related Agreements, Ralph Spencer discovered an opportunity to enter into a business combination / share exchange agreement with a publicly traded company that, in addition to allowing <u>him</u> to benefit from the significant synergies that he had identified, would also allow him, as a shareholder in the combined entities, to benefit from what are very high multiples that the U.S. capital markets are providing public companies in this industry (as evidenced by the price-earnings ratios present in comparable public companies such as Site One and Waste Management) However, in executing the Note and Related Agreements, the parties had not contemplated a situation wherein Mulch Manufacturing, Inc. would become a wholly owned subsidiary of a publicly traded company and, as such, the Note contains a number of covenants and the Pledge and Security Agreement cover certain collateral that, while workable in a private ownership structure as originally contemplated, become problematic in a public company structure and would make it difficult for Mulch Manufacturing, Inc. to have its full value realized as part of the public company. Similarly many of the covenants and other terms contained in the Note and Related Agreements would not be well received by the sophisticated investing public or investment banking firms. As such, there are certain modifications to the Note and Related Agreements that are necessary in order for Mulch Manufacturing, Inc. to be positioned so that it may reach its full measure of success as part of a publicly traded company's operations. The purpose of this Addendum and the modifications to the related Pledge and Security Agreement is to make those modifications for those reasons.

---

| | |
|:---|:---|
| */s/ JS* | */s/ AR* |

---

WHEREAS, Notwithstanding the modifications set forth below, the intent of this Addendum, Termination and Substitution Agreement is not to disrupt the prior agreement between the parties any more than necessary; nor is it intended to deprive John Spencer as the Note Holder, Secured Party and Pledgee of his security or right to payment Therefore, when a security interest is terminated herein, there is substituted collateral and he will have the option to take such security interests as he deems necessary in lieu of those relinquished to provide a greater level of comfort to the Holder as the company proceeds with the aforementioned business combination and share exchange;

WHEREAS, Under the terms of the Note and related Security Agreement, as amended, the Holder was granted a security interest in all of the assets of Mulch Manufacturing, Inc.. Similarly, there was a Pledge Agreement executed that granted a pledge and security interest in the shares of Mulch Manufacturing, Inc. as well as the membership interests in a number of limited liability companies that hold real estate, all as additional collateral to secure payment of the Note. It would be preferable for the company and its shareholders, including Ralph Spencer as an exchanging shareholder, for the Holder, as a secured party, to release his security interest in all assets of Mulch Manufacturing, Inc. as well as the pledge of Mulch Manufacturing, Inc. common stock that he bolds. Since the amount due under the Note is already fully secured by the real estate held in the various LLC's, whose membership interests were previously pledged to secure payment of the Note, a release does not materially alter his risk of loss. Similarly it would be better in the context of the contemplated business combination that the pledge granted by Ralph Spencer as security also be released and terminated;

**WHEREAS, one of the threshold issues in the Note is that any change of control of the Borrower requires the consent of John Spencer. Therefore, in order for Mulch Manufacturing, Inc. to not be in default under the Note by entering into a share exchange with The Sustainable Green Team, Ltd., John Spencer needs to provide his consent to the change of control and waive compliance with certain other terms set forth in the Note, Security Agreement and Pledge Agreement that would otherwise make it difficult for Mulch Manufacturing, Inc. to operate as part of a publicly traded enterprise;**

NOW, THEREFORE, in consideration of the covenants, promises, representations set forth herein, the mutual premises set forth above and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

**Consent and Removal of Certain Terms and Conditions in Note**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 *Consent to Change of Control.* As a preliminary matter, Sections 3.6 and 7.1 of the Note require the prior written consent of John Spencer prior to a change of control transaction, John Spencer hereby grants such consent and this provision is thereafter removed from the Note and Related Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 *Waiver of Certain Covenants.* Sections 3.1 -3.3 and 3.5, 3.7 and 3.8 of the Note all contain covenants that would make it difficult for the Borrower to operate as part of a public company and as such these provisions are hereby waived by John Spencer and the Note is hereby reformed to eliminate those covenants.

---

| | |
|:---|:---|
| */s/ JS*<sub>2</sub> | */s/ AR* |

---

**Modification of Note**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 *Continuing Obligations.* Notwithstanding the forgoing, the terms of payment set forth in section 1.1 of the Note shall remain intact and Mulch Manufacturing, Inc. shall be required to continue to make all payments of principle and interest due under the Note, when due, and in accordance with the terms of the Note as stated therein and the personal guarantee of Ralph Spencer made in connection with the Note shall remain in place until such time as all principal and interest due under the Note have been paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 *Pari Passu Payments.* Notwithstanding the payment obligations set forth in Section 1.1 of the Note, for any repayment of indebtedness to be made to Ralph Spencer by Mulch Manufacturing, Inc., the Holder must be paid an equal amount on a "dollar for dollar basis" until all accrued and unpaid interest and any unpaid principal on the Note have been paid to the Holder in full. Thus for each dollar paid to Ralph Spencer on the company's indebtedness to him, the Note Holder shall receive an equal dollar, until the Note is paid in full.

**Partial Release of Security Agreement and Release of Pledge**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 *Termination of Security Interest.* Under the terms of the Note and related Security Agreement as amended, the Holder was granted a security interest in all of the assets of Mulch Manufacturing, Inc.. The Holder, as a secured party, hereby partially releases his security interest in certain collateral and specifically releases his security interest as to any and all assets of Mulch Manufacturing, Inc. that were included in the related Security Agreement, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 *Release of Pledge.* In connection with the Note and Related Documents, Ralph Spencer pledged shares of Mulch Manufacturing, Inc. common stock to the Note Holder as security. By execution of this Addendum, the Holder hereby releases such security interest and pledge.

IN WITNESS WHEREOF, the Parties have executed this Agreement or caused this Agreement to be executed by the respective officers thereunto duly authorized, in each case as of the date first written above.

---

| | |
|:---|:---|
| **Borrower:**<br>**Mulch Manufacturing, Inc.**<br>***/s/ Ralph Spencer*** | **Holder and Pledgee:**<br>|
| **Ralph Spencer, CEO** | John Spencer, Individually |
| **Guarantor:** |  |
| ***/s/ Ralph Spencer*** |  |
| Ralph Spencer, Individually |  |
| ![](ex4-3_002.jpg) |  |

---

---

| | |
|:---|:---|
| 3 | */s/ AR* |

---

**ADDENDUM**

**TO**

**SUBORDINATED PROMISSORY NOTE<br> AND**

**SECURITY AND PLEDGE AGREEMENTS**

This Addendum to that certain subordinated promissory note dated January 31, 2019 in the principal amount of six million ($6,000,000) dollars by and between Mulch Manufacturing, Inc. an Ohio corporation (the "Borrower") and John Spencer or his assigns (the "Holder") (the "Note" or "John Note\*') and related Security and Pledge Agreements, as amended, is entered into effective as of January 31, 2020 by and between John Spencer, Ralph Spencer and the Borrower under the Note.

WHEREAS, the Holder and Borrower altered into the Note on or about January 31, 2019 as part of an Ownership Transfer and Note Repayment Agreement, as well as a Guarantee, Pledge and Security Agreement pursuant to which Ralph Spencer became the sole shareholder of Mulch Manufacturing, Inc., as well as guarantor of the Note that was secured by a pledge of, among other things, the shares of common stock of the Borrower that were conveyed to him. Together the Ownership Transfer and Note Repayment Agreement, the Guarantee, Pledge and Security Agreement are referred to as the, "Related Agreements;\*\*

WHEREAS, neither the Note nor any of the Related Agreements or rights therein have been transferred by John Spencer and John Spencer as the Note Holder, Secured Party and Pledgee of certain shares of Mulch Manufacturing, Inc. common stock has full power and authority to enter into this Addendum to the Note;

WHEREAS, Section 1.1 of the Note requires dial quarterly payments of interest only, at a rate of 3% per annum, were to begin on April 1, 2019, with an initial payment, as defined therein, of two million dollars ($2,000,000) to be made on June 1, 2019. As of the date of this Addendum, all required payments of principal and interest have been made, including the Initial Payment as defined therein; and the Borrower is current with its payment obligations to the Holder such that the outstanding principal balance is now four million dollars ($4,000,000). The quarterly payments of interest only are scheduled to continue for a period of 2 years from the date of issuance and thereafter biannual payments of principal are to be paid in the amount of three hundred thousand dollars ($300,000) are to commence on June 1, 2021 with the next equal principal payment to be made on December 1, 2021. Therefore after the initial two year period, quarterly payments of interest are to continue together with the biannual payments of principal until the Note is paid in full;

WHEREAS, the Note and Related Agreements were written and executed based on the mutual understanding of the parties that the Ownership Transfer to Ralph Spencer, the resulting equity structure of Mulch Manufacturing and the continuing obligations of the Borrower and Ralph Spencer, would allow the company to continue operations as a privately held company with Ralph Spencer as the sole shareholder. However after entering into the Note and Related Agreements, Ralph Spencer discovered an opportunity to enter into a business combination / share exchange agreement with a publicly traded company that, in addition to allowing him to benefit from the significant synergies that he had identified, would also allow him<u>,</u> as a shareholder in the combined entities, to benefit from what are very high multiples that the U.S. capital markets are providing public companies in this industry (as evidenced by the price-earnings ratios present in comparable public companies such as Site One and Waste Management.) However, in executing the Note and Related Agreements, the parties had not contemplated a situation wherein Mulch Manufacturing, Inc. would become a wholly owned subsidiary of a publicly traded company and, as such, the Note contains a number of covenants and the Pledge and Security Agreement cover certain collateral that, while workable in a private ownership structure as originally contemplated, become problematic in a public company structure and would make it difficult for Mulch Manufacturing, Inc. to have its full value realized as part of the public company. Similarly many of the covenants and other terms contained in the Note and Related Agreements would not be well received by the sophisticated investing public or investment banking firms. As such, there are certain modifications to the Note and Related Agreements that are necessary in order for Mulch Manufacturing, Inc. to be positioned so dial it may reach its full measure of success as part of a publicly traded company's operations. The purpose of this Addendum and the modifications to the related Pledge and Security Agreement is to make those modifications for those reasons.

*/s/ AB*

WHEREAS, Notwithstanding the modifications set forth below, the intent of dtis Addendum, Termination and Substitution Agreement is not to disrupt the prior agreement between the parties any more than necessary; nor is it intended to deprive John Spencer as the Note Holder, Secured Party and Pledgee of his security or right to payment. Therefore, when a security interest is terminated herein, there is substituted collateral and he will have the option to take such security interests as he deems necessary in lieu of those relinquished to provide a greater level of comfort to the Holder as the company proceeds with the aforementioned business combination and share exchange;

WHEREAS, Under the terms of the Note and related Security Agreement, as amended, the Holder was granted a security interest in all of the assets of Mulch Manufacturing, Inc.. Similarly, there was a Pledge Agreement executed that granted a pledge and security interest in the shares of Mulch Manufacturing, Inc. as well as the membership interests in a number of limited liability companies that hold real estate, all as additional collateral to secure payment of the Note. It would be preferable for the company and its shareholders, including Ralph Spencer as an exchanging shareholder, for the Holder, as a secured party, to release his security interest in all assets of Mulch Manufacturing, Inc. as well as the pledge of Mulch Manufacturing, Inc. common stock that he holds. Since the amount due under the Note is already fully secured by the real estate held in the various LLC's, whose membership interests were previously pledged to secure payment of the Note, a release does not materially alter his risk of loss. Similarly it would be better in the context of the contemplated business combination that the pledge granted by Ralph Spencer as security also be released and terminated;

WHEREAS, one of the threshold issues in the Note is that any change of control of the Borrower requires the consent of John Spencer. Therefore, in order for Mulch Manufacturing, Inc. to not be in default under the Note by entering into a share exchange with The Sustainable Green Team, Ltd., John Spencer needs to provide his consent to the change of control and waive compliance with certain other terms set forth in the Note, Security Agreement and Pledge Agreement that would otherwise make it difficult for Mulch Manufacturing, Inc. to operate as part of a publicly traded enterprise;

NOW, THEREFORE, in consideration of the covenants, promises, representations set forth herein, the mutual premises set forth above and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

**Consent and Removal of Certain Terms and Conditions in Note**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 *Consent to Change of Control.* As a preliminary matter, Sections 3.6 and 7,1 of the Note require the prior written consent of John Spencer prior to a change of control transaction, John Spencer hereby grants such consent and this provision is thereafter removed from the Note and Related Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 *Waiver of Certain Covenants.* Sections 3.1 -3.3 and 3.5, 3.7 and 3.8 of the Note all contain covenants that would make it difficult for the Borrower to operate as part of a public company and as such these provisions are hereby waived by John Spencer and the Note is hereby reformed to eliminate those covenants.

---

| | |
|:---|:---|
| 2 | */s/ AB* |

---

**Modification of Note**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 *Continuing Obligations.* Notwithstanding the forgoing, the terms of payment set forth in section 1.1 of the Note shall remain intact and Mulch Manufacturing, Inc. shall be required to continue to make all payments of principle and interest due under the Note, when due, and in accordance with the terms of the Note as stated therein and the personal guarantee of Ralph Spencer made in connection with the Note shall remain in place until such time as all principal and interest due under the Note have been paid in hill.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 *Pari Passu Payments.* Notwithstanding the payment obligations set forth in Section 1.1 of the Note, for any repayment of indebtedness to be made to Ralph Spencer by Mulch Manufacturing, Inc., the Holder must be paid an equal amount on a ''dollar for dollar basis" until all accrued and unpaid interest and any unpaid principal on the Note have been paid to the Holder in full. Thus for each dollar paid to Ralph Spencer on the company's indebtedness to him, the Note Holder shall receive an equal dollar, until the Note is paid in full.

**Partial Release of Security Agreement and Release of Pledge**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 *Termination of Security Interest.* Under the terms of the Note and related Security Agreement as amended, the Holder was granted a security interest in all of the assets of Mulch Manufacturing, Inc.. The Holder, as a secured party, hereby partially releases his security interest in certain collateral and specifically releases his security interest as to any and all assets of Mulch Manufacturing, Inc. that were included in the related Security Agreement, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 *Release of Pledge.* In connection with the Note and Related Documents, Ralph Spencer pledged shares of Mulch Manufacturing, Inc. common stock to the Note Holder as security. By execution of this Addendum, the Holder hereby releases such security interest and pledge.

IN WITNESS WHEREOF, the Parties have executed this Agreement or caused this Agreement to be executed by the respective officers thereunto duly authorized, in each case as of the date first written above.

---

| | |
|:---|:---|
| Borrower: | Holder and Pledgee |
| Mulch Manufacturing, Inc. |  |
| | */s/ John Spencer* |
| Ralph Spencer, CEO | John Spencer, Individually |
| Guarantor: |  |
| Ralph Spencer, Individually |  |

---

---

| | |
|:---|:---|
| 3 | */s/ AB* |

---

**OHIO 'STATUTORY SHORT FORM OF ACKNOWLEDGMENT' - INDIVIDUAL**

**§147-55(A)**

State of Ohio Country of <u>Franklin</u>

---

| | |
|:---|:---|
| | The foregoing instrument was acknowledged before me this <u>02/07/2020</u> by Date |
| | */s/ John Spencer* |
| | Name of Person Acknowledging |
| | */s/* |
| | Signature of the Person Taking Acknowledgment |
| | Notary Public |
| | Title or Rank |
| *Affix Seal Here* |  |

---

**OPTIONAL**

*Completing this information can deter alteration of the document or fraudulent reottachmenl<br> of this form to an unintended document.*

 

**Description of Attached Document**

Title of Type of Document: <u>Addendum to Subordinated to promissory note and security pledge agreements</u>

Document Date: <u>1/31/2019</u> Number of pages <u>3</u>

Signer(s) Other Than Named Above: <u>N/A</u>©2019 National Notary Association

M1908-05 (09/19)

*/s/ AB*

## Exhibit 4.4

**Exhibit 4.4**

**WARRANT**

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR (II) AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE ACT AND UNDER APPLICABLE STATE SECURITIES LAWS.

---

| | |
|:---|:---|
| Commencement Date: October [__], 2022 |  |
| Warrant Price: $1.00 | Number of Shares: 2,000,000 |

---

**THE SUSTAINABLE GREEN TEAM, LTD.**

**WARRANT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Issuance of Warrant</u>. FOR VALUE RECEIVED, on and after the date of issuance of this Warrant (this "Warrant") of The Sustainable Green Team, Ltd. a Delaware corporation (including any successor entity, the "Company") and subject to the terms and conditions herein set forth, the undersigned or their permitted assignee ("Holder") is entitled to purchase from the Company, at a price per share equal to the Warrant Price (set forth above and subject to adjustment as described below), the Number of Shares of Common Stock (as defined below and subject to adjustment as described below) upon exercise of this Warrant pursuant to Section 7. This Warrant is entered into in connection with the Corporate Communication Services Agreement between the Company and the Holder dated as of the Commencement Date (the "Services Agreement") and is subject to the terms and conditions thereof. The Company and the Holder may be referred to herein individually as a "Party" and collectively as the "Parties".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Definitions</u>. As used in this Warrant, the following terms have the definitions ascribed to them below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Acceleration
 Event" means (i) the closing of the sale, transfer or other disposition of all or substantially
 all of the Company's assets or equity securities, (ii) the consummation of the merger
 or consolidation of the Company with or into another entity (except a merger or consolidation
 in which the holders of equity securities of the Company immediately prior to such merger
 or consolidation continue to hold directly at least 50% of the voting power of the equity
 securities of the Company or the surviving entity), (iii) the closing of the transfer (whether
 by merger, consolidation or otherwise), in one transaction or a series of related transactions,
 to a person or group of affiliated persons (other than an underwriter of the Company's
 securities), of the Company's voting securities if, after such closing, such person
 or group of affiliated persons would hold, directly or indirectly, 50% or more of the outstanding
 voting securities of the Company in a transaction structured as a business combination (or
 the surviving or acquiring entity), or (iv) a liquidation, dissolution or winding up of the
 Company; provided, however, that a transaction shall not constitute an Acceleration Event
 if its primary purpose is to change the state of the Company's incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Affiliate"
 means, with respect to a specified Person, any other Person that directly or indirectly Controls,
 is Controlled by or is under common Control with, the specified Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "Business
 Day" means any day other than a Saturday, Sunday or other day on which the national
 or state banks located in the State of Delaware are authorized to be closed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "Commencement
 Date" means the date first set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "Common
 Stock" means common stock, par value $0.0001 per share, of the Company, as the same
 may be further amended or modified (or any successor security pursuant to Section 3 hereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "Control"
 means (a) the possession, directly or indirectly, of the power to vote 10% or more of the
 securities or other equity interests of a Person having ordinary voting power, (b) the possession,
 directly or indirectly, of the power to direct or cause the direction of the management and
 policies of a Person, by contractor otherwise, or (c) being a director, officer, executor,
 trustee or fiduciary (or their equivalents) of a Person or a Person that controls such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "Exercise
 Period" means the period commencing on the Commencement Date and ending at 5:00 p.m.
 Eastern Time on the date that is ninety (90) days after the Commencement Date, (the "Termination
 Date"); provided, however, the Exercise Period shall end and this Warrant shall no
 longer be exercisable and shall become null and void immediately prior to the consummation
 of an Acceleration Event, and provided that, to the extent practicable, the Company shall
 provide to Holder at least three Business Days' notice of the expected occurrence of
 an Acceleration Event, such that the Holder has an opportunity to exercise this Warrant prior
 to such Acceleration Event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "Securities
 Act" means the Securities Act of 1933, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "Shares"
 means individual shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Adjustments and Notices</u>. The Warrant Price shall be subject to adjustment from time to time in accordance with this Section 3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Subdivisions, Equity Dividends or Combinations</u>. In case the Company shall at any time subdivide the
 outstanding shares of Common Stock or shall issue shares of Common Stock as an equity dividend,
 the Warrant Price in effect prior to such subdivision or the issuance of such dividend shall
 be proportionately decreased, and in case the Company shall at any time combine the outstanding
 shares of Common Stock, the Warrant Price in effect immediately prior to such combination
 shall be proportionately increased, in each case effective at the close of business on the
 date of such subdivision, dividend or combination, as the case may be and in each case without
 any adjustments to the number of Warrant Shares for which this Warrant is exercisable. The
 provisions of this Section 3(a) shall similarly apply to successive subdivisions, equity
 dividends or combinations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Reclassification, Exchange, Substitution, In-Kind Distribution</u>. Upon any reclassifications, exchange, substitution
 or other event that results in a change of the number, series, class and/or type of the securities
 issuable upon exercise or conversion of this Warrant or upon the payment of a dividend in
 securities or property other than shares of Common Stock, the Holder shall be entitled to
 receive, upon exercise of this Warrant, the number and kind of securities and property that
 Holder would have received if this Warrant had been exercised or converted immediately before
 the record date for such reclassification, exchange, substitution, or other event or immediately
 prior to the record date for such dividend. The Company or its successor shall promptly issue
 to Holder a new warrant for such new securities or other property. The new warrant shall
 provide for adjustments which shall be as nearly equivalent as may be practicable to the
 adjustments provided for in this Section 3 including, without limitation, adjustments to
 the Warrant Price and to the number of securities or property issuable upon exercise or conversion
 of the new warrant. The provisions of this Section 3(b) shall similarly apply to successive
 reclassifications, exchanges, substitutions, or other events and successive dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Certificate of Adjustment</u>. In each case of an adjustment or readjustment of the Warrant Price, the
 Company, at its own expense, shall cause its Chief Financial Officer (or comparable officer)
 to compute such adjustment or readjustment in accordance with the provisions hereof and prepare
 a certificate showing such adjustment or readjustment, and shall mail such certificate, by
 first class mail, postage prepaid, to the Holder. The certificate shall set forth such adjustment
 or readjustment, showing in detail the facts upon which such adjustment or readjustment is
 based. No adjustment of the Warrant Price shall be required to be made unless it would result
 in an increase or decrease of at least one cent, but any adjustments not made because of
 this sentence shall be carried forward and taken into account in any subsequent adjustment
 otherwise required hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>No Impairment</u>. The Company shall not, by amendment of its organizational documents or through
 a reorganization, transfer of assets, consolidation, merger, dissolution, issue, or sale
 of securities or any other voluntary action, avoid or seek to avoid the observance or performance
 of any of the terms to be observed or performed under this Warrant by the Company, but shall
 at all times in good faith assist in carrying out all of the provisions of this Section 3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Fractional shares</u>. No fractional shares shall be issuable upon exercise or conversion of the Warrant.
 If a fractional share interest arises upon any exercise or conversion of the Warrant, the
 Company shall eliminate such fractional share interest by paying the Holder an amount in
 cash computed by multiplying the fractional interest by the fair market value of a share
 of Common Stock as determined by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Notification of Certain Events</u>. Prior to the expiration of this Warrant, the Company shall notify the Holder in the event that the Company undertakes any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 issuance of any dividend or other distribution on the equity securities of the Company, whether
 in cash, property, equity or other securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 voluntary liquidation, dissolution or winding up of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 transaction resulting in the acceleration or expiration of this Warrant; or;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 transactions referenced in Sections 3(a), 3(b) or 3(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>No Stockholder Rights; No Settlement in Cash</u>. This Warrant, by itself, as distinguished from any Shares issued hereunder, shall not entitle its Holder to any of the rights of a stockholder of the Company. In no event shall the Company be required to net cash settle an exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Reservation of Equity</u>. From and after the Commencement Date, the Company will reserve from its authorized and unissued Common Stock a sufficient number of Shares to provide for the issuance of Common Stock upon the exercise of this Warrant for Common Stock. Issuance of this Warrant shall constitute full authority to the Company's officers who are charged with the duty of executing equity certificates to execute and issue the necessary certificates for Shares issuable upon the exercise or conversion of this Warrant for Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Exercise of Warrant</u>. Subject to the limitations herein, the Holder may exercise this Warrant or any portion hereof by surrendering this Warrant, together with a completed Notice of Exercise as attached hereto as Attachment 1, executed and delivered to the principal office of the Company, specifying the portion of the Warrant to be exercised and accompanied by payment in full of the Warrant Price in cash or by check with respect to the shares of Warrant Securities being purchased. Without limiting anything in the last sentence of Section 2(g), this Warrant shall be deemed to have been exercised as of immediately prior to the close of business on the date of its surrender for exercise as provided above, and the person entitled to receive the shares of Warrant Securities issuable upon such exercise shall be treated for all purposes as the holder of such shares of record as of the close of business on such date. As promptly as practicable after such date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of full shares of Warrant Securities issuable upon such exercise. If this Warrant shall be exercised for less than the total number of shares of Warrant Securities then issuable upon exercise, promptly after surrender of this Warrant upon such exercise, the Company shall execute and deliver a new warrant, dated as of the Commencement Date, evidencing the right of the Holder to the balance of the Warrant Securities purchasable hereunder upon the same terms and conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Holder's Exercise Limitations</u>. The Company shall not effect any exercise of this Warrant, and the Holder shall not have the right to exercise any portion of this Warrant, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Person acting as a group together with the Holder or any of the Holder's Affiliates (such Persons, "Attribution Parties")), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other any securities of the Company which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 8, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 8 applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 8, in determining the number of outstanding shares of Common Stock, Holder may rely on the number of outstanding shares of Common Stock as reflected a recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within two Business Days confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported. The "Beneficial Ownership Limitation" shall be 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 8. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this Section 8 shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 8 to correct this Section 8 (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this Section 8 shall apply to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Transfer of Warrant</u>. The Company may not assign or delegate this Warrant or any rights or obligations hereunder without the prior written consent of the Holder. Neither this Warrant nor any of the Shares issuable upon the exercise of all or any portion of this Warrant may be transferred except in accordance with, and subject to, the provisions of this Warrant. The Holder acknowledges that this Warrant and the securities issuable upon exercise of the Warrant have not been registered under the Securities Act, or applicable state securities laws and may not be transferred or otherwise disposed of unless it has been registered under that Act and is in compliance with applicable state securities laws or an exemption from registration is available. Any securities issuable upon conversion of the Warrant shall be imprinted with an appropriate legend relating to the transfer restrictions applicable to such securities. As a condition to any transfer, the Holder shall provide, at the Company's request, an opinion of counsel satisfactory to the Company that such transfer does not require registration under the Securities Act, and the securities law applicable with respect to any other applicable jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Termination</u>. This Warrant shall terminate on the Termination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Loss, Etc. of Warrant</u>. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant, and of indemnity reasonably satisfactory to the Company, if lost, stolen or destroyed, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver to Holder a new Warrant of like date, tenor and denomination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Transfer of Warrant; Legend</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>No Transfer or Assignment</u>. Neither this Warrant not any right, title or interest herein
 may be assigned or transferred by the Holder to any other person or entity without the prior
 written approval of the Company, to be given or withheld in the sole discretion of the Company,
 and any such attempted transfer in violation of such limitation shall be null and void and
 of no force or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Legends</u>.
 Any legend required by the securities laws of any state to the extent such laws are applicable
 to the Warrant Shares represented by the certificate so legended shall be included on any
 certificates representing the Warrant Shares. Holder also understands that the Warrant Shares
 may bear the following or a substantially similar legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE NOT SET FORTH HEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Miscellaneous.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which, in the case of the Warrant, shall not include the posting of any bond), and upon
 surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company
 will make and deliver a new Warrant or stock certificate of like tenor and dated as of such
 cancellation, in lieu of such Warrant or stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Entire Agreement</u>. This Warrant and the Services Agreement and the other documents set forth
 therein set forth the entire understanding of the Parties with respect to the subject matter
 hereof, and shall not be modified or affected by any offer, proposal, statement or representation,
 oral or written, made by or for any Party in connection with the negotiation of the terms
 hereof, and may be modified only by an instrument signed by the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Business Days</u>. If the last or appointed day for the taking of any action or the expiration of
 any right required or granted herein shall not be a Business Day, then such action may be
 taken or such right may be exercised on the next succeeding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notices</u>.
 All notices under this Warrant shall be in writing and shall be given in accordance with
 the provisions of the Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Governing Law; Etc.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This
 Warrant shall be governed by the laws of the State of Florida, as such laws are applied to
 contracts to be entered into and performed entirely in Florida. In the event of any dispute
 among the Holder and the Company arising out of the terms of this Warrant, the Parties hereby
 consent to the exclusive jurisdiction and venue of the federal and state courts located in
 Orange County, Florida (the "Selected Courts") for resolution of such dispute,
 and agree not to contest such exclusive jurisdiction and venue or seek to transfer any action
 relating to such dispute to any other jurisdiction or venue. Each of the Parties hereby irrevocably
 waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise,
 in any action or proceeding with respect to this Warrant, (a) any claim that it is not personally
 subject to the jurisdiction of the Selected Courts other than the failure to serve in accordance
 with the provisions of this Warrant; (b) any claim that it or its property is exempt or immune
 from jurisdiction of any Selected Court or from any legal process commenced in the Selected
 Courts (whether through service of notice, attachment prior to judgment, attachment in aid
 of execution of judgment, execution of judgment or otherwise); and (c) to the fullest extent
 permitted by law, any claim that (i) the suit, action or proceeding in such court is brought
 in an inconvenient forum; (ii) the venue of such suit, action or proceeding is improper;
 or (iii) this Warrant, or the subject matter of this Warrant, may not be enforced in or by
 the Selected Courts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) EACH
 PARTY TO THIS WARRANT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
 PERMITTED BY LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT,
 ACTION OR OTHER PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER, RELATING TO OR IN
 CONNECTION WITH THIS WARRANT, OR THE TRANSACTIONS CONTEMPLATED BY THIS WARRANT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Holder hereby expressly acknowledges that the agreements and restrictions contained herein
 are reasonable and necessary to protect the Company's legitimate interests, that the
 Company would not have entered into this Warrant in the absence of such agreements and restrictions,
 and that any violation of such restrictions will result in irreparable harm to the Company.
 The Holder agrees that the Company shall be entitled to preliminary and permanent injunctive
 relief, without the necessity of proving actual damages, and specific performance of, as
 well as an equitable accounting of all earnings, profits and other benefits arising from
 any violation of, the agreements and restrictions contained herein, which rights shall be
 cumulative and in addition to any other rights or remedies to which the Company may be entitled.
 The Holder irrevocably and unconditionally (i) agrees that any legal proceeding arising out
 of this Warrant may be brought in the Selected Courts, (ii) consents to the non-exclusive
 jurisdiction of the Selected Courts in any such proceeding, and (iii) waives any objection
 to the laying of venue of any such proceeding in any Selected Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Attorneys' Fees</u>. If any Party hereto is required to engage in litigation against any other Party,
 either as plaintiff or as defendant, in order to enforce or defend any rights under this
 Warrant, and such litigation results in a final judgment in favor of such Party ("Prevailing
 Party"), then the party or parties against whom said final judgment is obtained shall
 reimburse the Prevailing Party for all direct, indirect or incidental expenses incurred,
 including, but not limited to, all attorneys' fees, court costs and other expenses
 incurred throughout all negotiations, trials or appeals undertaken in order to enforce the
 Prevailing Party's rights hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Headings.</u> The headings in this Warrant are for purposes of convenience and reference only and shall
 not be deemed to constitute a part hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Amendment</u>.
 Neither this Warrant nor any term hereof may be changed or waived orally, but only by an
 instrument in writing signed by the Company and the Holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>No Waiver</u>. No waiver of any provision of this Warrant shall be effective unless it is in
 writing and signed by the Party against whom it is asserted, and any such written waiver
 shall only be applicable to the specific instance to which it relates and shall not be deemed
 to be a continuing or future waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Headings</u>.
 The article and section headings contained in this Warrant are inserted for convenience only
 and shall not affect in any way the meaning or interpretation of the Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Severability; Expenses; Further Assurances</u>. If any term, condition or other provision of this Warrant
 is determined by a court of competent jurisdiction to be invalid, illegal or incapable of
 being enforced by any rule of law or public policy, all other terms, conditions and provisions
 of this Warrant shall nevertheless remain in full force and effect so long as the economic
 or legal substance of the transactions contemplated by this Warrant is not affected in any
 manner materially adverse to any Party. Upon such determination that any term or other provision
 is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith
 to modify this Warrant so as to effect the original intent of the Parties as closely as possible
 in a mutually acceptable manner in order that the transactions contemplated by this Warrant
 be consummated as originally contemplated to the fullest extent possible. Except as otherwise
 specifically provided in this Warrant, each Party shall be responsible for the expenses it
 may incur in connection with the negotiation, preparation, execution, delivery, performance
 and enforcement of this Warrant. The Parties shall from time to time do and perform any additional
 acts and execute and deliver any additional documents and instruments that may be required
 by Law or reasonably requested by any Party to establish, maintain or protect its rights
 and remedies under, or to effect the intents and purposes of, this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in any number
 of counterparts, each of which shall be deemed an original. The signature of any Party which
 is transmitted by any reliable electronic means such as, but not limited to, a photocopy,
 electronically scanned or facsimile machine, for purposes hereof, is to be considered as
 an original signature, and the document transmitted is to be considered to have the same
 binding effect as an original signature or an original document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Currency</u>.
 All dollar amounts are in U.S. dollars.

*[SIGNATURE PAGE FOLLOWS]*

 

 

IN WITNESS HEREOF, the Parties have caused this Warrant to be executed as of the Commencement Date.

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| | |
|:---|:---|
| The Sustainable Green Team, Ltd. | The Sustainable Green Team, Ltd. |
| By: |  |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| Acknowledged and Agreed To: | Acknowledged and Agreed To: |
| HOLDER: ACCEL Media International LLC | HOLDER: ACCEL Media International LLC |
| By: |  |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

**ATTACHMENT 1**

**NOTICE OF EXERCISE**

TO: THE SUSTAINABLE GREEN TEAM, LTD.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The undersigned hereby elects to purchase___ Warrant Shares of the Company pursuant to the terms of the attached Warrant, and tenders herewith payment of the purchase price in full, together with all applicable transfer taxes, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Please issue a certificate or certificates representing said shares of Warrant Securities in the name of the undersigned or in such other name as is specified below:

Name: ACCEL Media International LLC <br> Address: 201 East 5<sup>th</sup> Street, Suite 1200 <br> Sheridan, WY 82801

---

| | |
|:---|:---|
| AGREED AND AUTHORIZED BY: | AGREED AND AUTHORIZED BY: |
| ACCEL Media International LLC | ACCEL Media International LLC |
| By: |  |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

## Exhibit 10.1

**Exhibit 10.1**

------

**<u>The Sustainable Green Team, Ltd.</u>**

**<u>2022 Equity Incentive Plan</u>**

**<u>Adopted January __, 2022</u>**

**<u>**Table of Contents**</u>**

---

| | | |
|:---|:---|:---|
| **Article I.** | **Purposes and Definitions** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.01 | Purposes of this Plan; Structure. | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.02 | Definitions. | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.03 | Additional Interpretations. | 5 |
| **Article II.** | **Stock Subject to this Plan; Administration.** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.01 | Stock Subject to this Plan. | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.02 | Administration of this Plan. | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.03 | Eligibility. | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.04 | Indemnification. | 6 |
| **Article III.** | **Awards.** | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.01 | Stock Options. | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.02 | Stock Appreciation Rights. | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.03 | Restricted Stock. | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.04 | Restricted Stock Units. | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.05 | Performance Units and Performance Shares. | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.06 | Cash-Based Awards and Other Stock-Based Awards. | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.07 | Form of Award Agreements. | 16 |
| **Article IV.** | **Additional Provisions Applicable to this Plan and Awards** | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.01 | Outside Director Limitations. | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.02 | Compliance With Code Section 409A. | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.03 | Leaves of Absence/Transfer Between Locations. | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.04 | Limited Transferability of Awards. | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.05 | Adjustments; Dissolution, Merger, Etc. | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.06 | Tax Withholding. | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.07 | Compliance with Securities Laws. | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.08 | No Effect on Employment or Service. | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.09 | Repurchase Rights. | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.10 | Fractional Shares. | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.11 | Forfeiture Events. | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.12 | Date of Grant. | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.13 | Term of Plan. | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.14 | Amendment and Termination of this Plan. | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.15 | Conditions Upon Issuance of Shares. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.16 | Inability to Obtain Authority. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.17 | Stockholder Approval. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.18 | Retirement and Welfare Plans. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.19 | Beneficiary Designation. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.20 | Severability. | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.21 | No Constraint on Corporate Action. | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.22 | Unfunded Obligation. | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.23 | Choice of Law. | 22 |

---

<u>Exhibits</u>

---

| | |
|:---|:---|
| Exhibit A | Form of Award Agreement for Options |
| Exhibit B | Form of Award Agreement for Stock Appreciation Rights |
| Exhibit C | Form of Award Agreement for Restricted Stock |
| Exhibit D | Form of Award Agreement for Restricted Stock Units |

---

i

**The Sustainable Green Team, Ltd.** 

**2022 Equity Incentive Plan**

**Article** **I. <u>PURPOSES AND DEFINITIONS</u>**

**Section 1.01 <u>Purposes of this Plan; Structure.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 purposes of this Plan are (i) to attract and retain the best available personnel for positions of substantial responsibility, (ii)
 to provide additional incentive to Employees, Directors and Consultants, and (ii) to promote the success of the Company's business.

(b) This
 Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted
 Stock Units, Performance Awards, Cash-Based Awards and Other Stock-Based Awards.

**Section 1.02 <u>Definitions.</u>** As used herein, the following definitions will apply:

&nbsp;&nbsp;&nbsp;&nbsp;(a) "Administrator"
 means the Board or any of its Committees as will be administering this Plan, in accordance with Section 2.02.

(b) "Affiliate"
 means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with
 such Person.

(c) "Applicable
 Laws" means the legal and regulatory requirements relating to the administration of equity-based awards, including but not
 limited to the related issuance of shares of Common Stock, including but not limited to under U.S. federal and state corporate laws,
 U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted
 and the applicable laws of any non-U.S. country or jurisdiction where Awards are, or will be, granted under this Plan.

(d) "Award"
 means, individually or collectively, a grant under this Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted
 Stock Units, Performance Units or Performance Shares, or Cash-Based Award or Other Stock-Based Award granted under this Plan.

(e) "Award
 Agreement" means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted
 under this Plan, which Award Agreement shall be is subject to the terms and conditions of this Plan.

(f) "Board"
 means the Board of Directors of the Company.

(g) "Cash-Based
 Award" means an Award denominated in cash and granted pursuant to Section 3.06.

(h) "Cause"
 means, unless such term or an equivalent term is otherwise defined by the applicable Award Agreement or other written agreement between
 a Participant and the Company or its Affiliates applicable to an Award, any of the following: (i) the Participant's theft,
 dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or falsification of documents or records of the Company
 or any of its Affiliates; (ii) the Participant's material failure to abide by the Company's or any Affiliate's
 code of conduct or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace conduct);
 (iii) the Participant's unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or
 corporate opportunity of the Company or any of its Affiliates (including, without limitation, the Participant's improper use
 or disclosure of the Company's or any of its Affiliate's confidential or proprietary information); (iv) any intentional
 act by the Participant which has a material detrimental effect on the Company's or any of its Affiliate's reputation
 or business; (v) the Participant's repeated failure to perform any reasonable assigned duties after written notice from the
 Company or any of its Affiliates, and a reasonable opportunity to cure, such failure; (vi) any material breach by the Participant
 of any employment, service, non-disclosure, non-competition, non-solicitation or other similar agreement between the Participant
 and the Company or any of its Affiliates which breach is not cured pursuant to the terms of such agreement; or (vii) the Participant's
 conviction (including any plea of guilty or nolo contendere) of any criminal act involving fraud, dishonesty, misappropriation or
 moral turpitude, or which impairs the Participant's ability to perform his or her duties with the Company or any of its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;(i) "Change
 in Control" means the occurrence of any of the following events, subject to the provisions of Section 1.03:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Change in Ownership of the Company</u>. A change in the ownership of the Company which occurs on the date that any one person, or more than
 one person acting as a group ("Person"), acquires ownership of the stock of the Company that, together with the stock
 held by such Person, constitutes more than fifty percent (50%) of the total voting power of the stock of the Company; provided, however,
 that for purposes of this Section 1.02(i)(i), the acquisition of additional stock by any one Person, who is considered to own more
 than fifty percent (50%) of the total voting power of the stock of the Company will not be considered a Change in Control. Further,
 if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in
 ownership, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately prior
 to the change in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the
 stock of the Company or of the ultimate parent entity of the Company, such event shall not be considered a Change in Control under
 this Section 1.02(i)(i). For this purpose, indirect beneficial ownership shall include, without limitation, an interest resulting
 from ownership of the voting securities of one or more corporations or other business entities which own the Company, as the case
 may be, either directly or through one or more subsidiary corporations or other business entities.

(ii) <u>Change in Effective Control of the Company</u>. A change in the effective control of the Company which occurs on the date that a majority
 of members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed
 by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this Section 1.02(i)(ii),
 if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the
 same Person will not be considered a Change in Control.

(iii) <u>Change in Ownership of a Substantial Portion of the Company's Assets</u>. A change in the ownership of a substantial portion of the
 Company's assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending
 on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market
 value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately
 prior to such acquisition or acquisitions; provided, however, that for purposes of this Section 1.02(i)(iii), the following will
 not constitute a change in the ownership of a substantial portion of the Company's assets: (A) a transfer to an entity that
 is controlled by the Company's stockholders immediately after the transfer, or (B) a transfer of assets by the Company to:
 (1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company's stock,
 (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company,
 (3) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding
 stock of the Company, or (4) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly
 or indirectly, by a Person described in clause (B)(3) of this Section 1.02(i)(iii). For purposes of this Section 1.02(i)(iii), gross
 fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without
 regard to any liabilities associated with such assets.

&nbsp;&nbsp;&nbsp;&nbsp;(j) "Code"
 means the Internal Revenue Code of 1986, as amended, and reference to a specific section of the Code or regulation thereunder shall
 include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future
 legislation or regulation amending, supplementing or superseding such section or regulation.

(k) "Committee"
 means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board, or by a duly authorized
 committee of the Board, in accordance with Section 2.02.

(l) "Common
 Stock" means the common stock, par value $0.0001 per share, of the Company.

(m) "Company"
 means The Sustainable Green Team, Ltd. , a Delaware corporation, or any successor thereto.

(n) "Consultant"
 means any natural person, including an advisor, engaged by the Company or a Parent or Subsidiary to render bona fide services to
 such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital-raising transaction,
 and (ii) do not directly promote or maintain a market for the Company's securities, in each case, within the meaning of Form
 S-8 promulgated under the Securities Act, and provided further, that a Consultant will include only those persons to whom the issuance
 of Shares may be registered under Form S-8 promulgated under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;(o) "Control"
 of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
 of such Person, whether through the ownership of voting securities, by contract, or otherwise." Controlled", "Controlling"
 and "under common Control with" have correlative meanings. Without limiting the foregoing a Person (the "Controlled
 Person") shall be deemed Controlled by (a) any other Person (the "10% Owner") (i) owning beneficially, as meant
 in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast 10% or more of the votes for election of directors
 or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated or receive 10% or more of the profits,
 losses, or distributions of the Controlled Person; (b) an officer, director, general partner, partner (other than a limited partner),
 manager, or member (other than a member having no management authority that is not a 10% Owner) of the Controlled Person; or (c)
 a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law
 of an Affiliate of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate
 of the Controlled Person is a trustee.

(p) "Director"
 means a member of the Board.

(q) "Disability"
 means total and permanent disability as defined in Code Section 22(e)(3), provided that in the case of Awards other than Incentive
 Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with
 uniform and non-discriminatory standards adopted by the Administrator from time to time.

(r) "Dividend
 Equivalent Right" means the right of a Participant, granted at the discretion of the Administrator or as otherwise provided
 by this Plan, to receive a credit for the account of such Participant in an amount equal to the cash dividends paid on one Share
 for each Share represented by an Award held by such Participant.

(s) "Employee"
 means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company, provided
 that neither service as a Director nor payment of a director's fee by the Company will be sufficient to constitute "employment"
 by the Company or any Parent or Subsidiary of the Company.

(t) "Exchange
 Act" means the Securities Exchange Act of 1934, as amended.

(u) "Exchange
 Program" means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for awards of the same
 type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or cash, (ii) Participants
 would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the
 Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine
 the terms and conditions of any Exchange Program in its sole discretion.

(v) "Fair
 Market Value" means, as of any date, the value of Common Stock determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If
 the Common Stock is listed on any established stock exchange or a national market system (other than an over-the counter market,
 which will not be considered an established stock exchange of national market system for the purposes of this definition), including
 without limitation the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market
 of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or, if no closing sales price was
 reported on that date, as applicable, on the last trading date such closing sales price was reported) as quoted on such exchange
 or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

(ii) If
 the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value
 of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no
 bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as reported
 in The Wall Street Journal or such other source as the Administrator deems reliable;

(iii) In
 the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;(w) "Fiscal
 Year" means the fiscal year of the Company.

(x) "Incentive
 Stock Option" means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option
 within the meaning of Code Section 422 and the regulations promulgated thereunder.

(y) "Nonstatutory
 Stock Option" means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option.

(z) "Officer"
 means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations
 promulgated thereunder.

(aa) "Option"
 means a stock option granted pursuant to this Plan.

(bb) "Outside
 Director" means a Director who is not an Employee.

(cc) "Other
 Stock-Based Award" means an Award denominated in Shares and granted pursuant to Section 3.06.

(dd) "Parent"
 means a "parent corporation," whether now or hereafter existing, as defined in Code Section 424(e).

(ee) "Participant"
 means the holder of an outstanding Award.

(ff) "Performance
 Award" means an Award of Performance Shares or Performance Units.

(gg) "Performance
 Award Formula" means, for any Performance Award, a formula or table established by the Administrator pursuant to Section 3.05
 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance
 Goal(s) measured as of the end of the applicable Performance Period.

(hh) "Performance
 Share" means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or
 other vesting criteria as the Administrator may determine pursuant to Section 3.05.

(ii) "Performance
 Unit" means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria
 as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing
 pursuant to Section 3.05.

(jj) "Period
 of Restriction" means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore,
 the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement
 of target levels of performance, or the occurrence of other events as determined by the Administrator.

(kk) "Person"
 means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
 limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or political
 subdivision thereof, or an agency or instrumentality thereof.

(ll) "Plan"
 means this The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan.

(mm) "Restricted
 Stock" means Shares issued pursuant to an Award of Restricted Stock under Section 3.03, or issued pursuant to the early exercise
 of an Option.

(nn) "Restricted
 Stock Unit" means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant
 to Section 3.04. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

(oo) "Rule
 16b-3" means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised
 with respect to this Plan.

(pp) "Securities
 Act" means the Securities Act of 1933, as amended.

(qq) "Service
 Provider" means an Employee, Director or Consultant.

(rr) "Share"
 means a share of the Common Stock, as adjusted in accordance with Section 4.05.

(ss) "Stock
 Appreciation Right" means an Award, granted alone or in connection with an Option, that pursuant to Section 3.02 is designated
 as a Stock Appreciation Right.

(tt) "Subsidiary"
 means a "subsidiary corporation," whether now or hereafter existing, as defined in Code Section 424(f).

**Section 1.03 <u>Additional Interpretations.</u>** For purposes of Section 1.02(i), persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time. Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the jurisdiction of the Company's incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company's securities immediately before such transaction.

**Article II.** **<u>Stock Subject to this Plan; Administration.</u>**

**Section 2.01 <u>Stock Subject to this Plan.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject
 to the provisions of Section 2.01(a) and Section 4.05, the maximum aggregate number of Shares that may be subject to Awards and sold
 under this Plan is 13,000,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.

(b) If
 an Award expires or becomes un-exercisable without having been exercised in full, is surrendered pursuant to an Exchange Program,
 or, with respect to Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, is forfeited to or repurchased
 by the Company due to the failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights
 the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under this Plan (unless
 this Plan has terminated). With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation
 Right will cease to be available under this Plan; all remaining Shares under Stock Appreciation Rights will remain available for
 future grant or sale under this Plan (unless this Plan has terminated). Shares that have actually been issued under this Plan under
 any Award will not be returned to this Plan and will not become available for future distribution under this Plan; provided, however,
 that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units are
 repurchased by the Company or are forfeited to the Company due to the failure to vest, such Shares will become available for future
 grant under this Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholdings related to an Award will
 become available for future grant or sale under this Plan. To the extent an Award under this Plan is paid out in cash rather than
 Shares, such cash payment will not result in reducing the number of Shares available for issuance under this Plan. Notwithstanding
 the foregoing and, subject to adjustment as provided in Section 4.05, the maximum number of Shares that may be issued upon the exercise
 of Incentive Stock Options will equal the aggregate Share number stated in Section 2.01(a), plus, to the extent allowable under Code
 Section 422 and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under this Plan pursuant
 to Section 2.01(b) and Section 2.01(c).

(c) The
 Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to
 satisfy the requirements of this Plan.

**Section 2.02 <u>Administration of this Plan.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Procedure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Multiple Administrative Bodies*. Different Committees with respect to different groups of Service Providers may administer this Plan.

(ii) *Rule 16b-3*. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder
 will be structured to satisfy the requirements for exemption under Rule 16b-3.

(iii) *Other Administration*. Other than as provided above, this Plan will be administered by (A) the Board or (B) a Committee, which Committee
 will be constituted to satisfy Applicable Laws.

&nbsp;&nbsp;&nbsp;&nbsp;(b) *Powers of the Administrator*. Subject to the provisions of this Plan, and in the case of a Committee, subject to the specific duties
 delegated by the Board to such Committee, the Administrator will have the authority, in its discretion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to
 determine the Fair Market Value;

(ii) to
 select the Service Providers to whom Awards may be granted hereunder;

(iii) to
 determine the number of Shares to be covered by each Award granted hereunder;

(iv) to
 approve forms of Award Agreements for use under this Plan;

(v) to
 determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted hereunder, with such terms
 and conditions including, but not being limited to, the exercise price, the time or times when Awards may be exercised (which may
 be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation
 regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine;

(vi) to
 determine whether an Award will be settled in Shares, cash, other property or in any combination thereof;

(vii) to
 institute and determine the terms and conditions of an Exchange Program;

(viii) to
 construe and interpret the terms of this Plan and Awards granted pursuant to this Plan;

(ix) to
 prescribe, amend and rescind rules and regulations relating to this Plan, including rules and regulations relating to sub-plans established
 for the purpose of satisfying applicable non-U.S. laws or for qualifying for favorable tax treatment under applicable non-U.S. laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) to
 modify or amend each Award (subject to Section 4.14(c)), including but not limited to the discretionary authority to extend the post-termination
 exercisability period of Awards; provided, however, that in no case will an Option or Stock Appreciation Right be extended beyond
 its original maximum term;

(xi) to
 allow Participants to satisfy tax withholding obligations in a manner prescribed in Section 4.05(d);

(xii) to
 authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted
 by the Administrator;

(xiii) to
 allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant
 under an Award;

(xiv) to
 prescribe, amend or rescind rules, guidelines and policies relating to this Plan, or to adopt sub-plans or supplements to, or alternative
 versions of, this Plan, including, without limitation, as the Administrator deems necessary or desirable to comply with the laws
 of, or to accommodate the tax policy, accounting principles or custom of, foreign jurisdictions whose residents may be granted Awards;

(xv) to
 correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement and to make all other
 determinations and take such other actions with respect to this Plan or any Award as the Administrator may deem advisable to the
 extent not inconsistent with the provisions of this Plan or applicable law; and

(xvi) to
 make all other determinations deemed necessary or advisable for administering this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(c) *Option or Stock Appreciation Right Repricing*. The Administrator shall have the authority, without additional approval by the stockholders
 of the Company, to approve a program providing for either (a) the cancellation of outstanding Options or Stock Appreciation Rights
 having exercise prices per share greater than the then Fair Market Value of a Share ("Underwater Awards") and the grant
 in substitution therefor of new Options or Stock Appreciation Rights covering the same or a different number of shares but with an
 exercise price per share equal to the Fair Market Value per share on the new grant date or payments in cash, or (b) the amendment
 of outstanding Underwater Awards to reduce the exercise price thereof to the Fair Market Value per share on the date of amendment.

(d) *Effect of Administrator's Decision*. The Administrator's decisions, determinations and interpretations will be final and
 binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by Applicable Laws

**Section 2.03 <u>Eligibility.</u>** Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and Performance Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees.

**Section 2.04 <u>Indemnification.</u>** In addition to such other rights of indemnification as they may have as members of the Board or the Administrator or as officers or employees of the Company or any of its Affiliates, to the extent permitted by applicable law, members of the Board or the Administrator and any officers or employees of the Company or any of its Affiliates to whom authority to act for the Board, the Administrator or the Company is delegated shall be indemnified by the Company against all reasonable expenses, including attorneys' fees, actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with this Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at its own expense to handle and defend the same.

**Article III.** **<u>Awards</u>.**

**Section 3.01 <u>Stock Options.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Grant of Options*. Subject to the terms and provisions of this Plan, the Administrator, at any time and from time to time, may grant
 Options in such amounts as the Administrator, in its sole discretion, will determine.

(b) *Option Agreement*. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term of
 the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other
 terms and conditions as the Administrator, in its sole discretion, will determine.

(c) *Limitations*.
 Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. Notwithstanding
 such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock
 Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent
 or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as Nonstatutory Stock Options. For purposes
 of this Section 3.01(c), Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market
 Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and the calculation will
 be performed in accordance with Code Section 422 and Treasury Regulations promulgated thereunder.

(d) *Term of Option*. The term of each Option will be stated in the Award Agreement. In the case of an Incentive Stock Option, the term
 will be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant
 who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined
 voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five
 (5) years from the date of grant or such shorter term as may be provided in the Award Agreement.

(e) *Option Exercise Price and Consideration*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Exercise Price</u>. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option will be determined by the
 Administrator, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) In
 the case of an Incentive Stock Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) granted
 to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the
 voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than
 one hundred ten percent (110%) of the Fair Market Value per Share (or the fair market value per Share as determined in accordance
 with Treas. Reg. 1.409A-1(b)(5)(iv)(A)) on the date of grant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) granted
 to any Employee other than an Employee described in paragraph (1) immediately above, the per Share exercise price will be no less
 than one hundred percent (100%) of the Fair Market Value per Share on the date of grant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In
 the case of a Nonstatutory Stock Option, the per Share exercise price will be no less than one hundred percent (100%) of the Fair
 Market Value per Share on the date of grant (or the fair market value per Share as determined in accordance with Treas. Reg. 1.409A-1(b)(5)(iv)(A)).

(3) Notwithstanding
 the foregoing provisions of this Section 3.01(e), Options may be granted with a per Share exercise price of less than one hundred
 percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent
 with, Code Section 424(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Waiting Period and Exercise Dates</u>. At the time an Option is granted, the Administrator will fix the period within which the Option may
 be exercised and will determine any conditions that must be satisfied before the Option may be exercised.

(iii) <u>Form of Consideration</u>. The Administrator will determine the acceptable form of consideration for exercising an Option, including the
 method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration
 at the time of grant. Such consideration may consist entirely of: (1) cash; (2) check; (3) promissory note, to the extent permitted
 by Applicable Laws; (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate
 exercise price of the Shares as to which such Option will be exercised and provided further that accepting such Shares will not result
 in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion; (5) consideration
 received by the Company under a broker assisted (or other) cashless exercise program (whether through a broker or otherwise) implemented
 by the Company in connection with this Plan; (6) by net exercise; (7) such other consideration and method of payment for the issuance
 of Shares to the extent permitted by Applicable Laws; or (8) any combination of the foregoing methods of payment. In making its determination
 as to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably
 expected to benefit the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(f) *Exercise of Option*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Procedure for Exercise; Rights as a Stockholder</u>. Any Option granted hereunder will be exercisable according to the terms of this Plan and
 at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not
 be exercised for a fraction of a Share. An Option will be deemed exercised when the Company receives: (i) notice of exercise (in
 such form as the Administrator may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment
 for the Shares with respect to which the Option is exercised (together with applicable tax withholding). Full payment may consist
 of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and this Plan. Shares
 issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name
 of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the
 Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder
 will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or
 cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right
 for which the record date is prior to the date the Shares are issued, except as provided in Section 4.05. Exercising an Option in
 any manner will decrease the number of Shares thereafter available, both for purposes of this Plan and for sale under the Option,
 by the number of Shares as to which the Option is exercised.

(ii) <u>Termination of Relationship as a Service Provider</u>. If a Participant ceases to be a Service Provider, other than upon the Participant's
 termination as the result of the Participant's death or Disability, the Participant may exercise his or her Option within such
 period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in
 no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified
 time in the Award Agreement, the Option will remain exercisable for three (3) months following the Participant's termination.
 Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire
 Option, the Shares covered by the unvested portion of the Option will revert to this Plan. If after termination the Participant does
 not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered
 by such Option will revert to this Plan.

(iii) <u>Disability of Participant</u>. If a Participant ceases to be a Service Provider as a result of the Participant's Disability, the Participant
 may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent the Option is vested
 on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement).
 In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following the
 Participant's termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is
 not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to this Plan. If
 after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate,
 and the Shares covered by such Option will revert to this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Death of Participant</u>. If a Participant dies while a Service Provider, the Option may be exercised following the Participant's
 death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death
 (but in no event may the option be exercised later than the expiration of the term of such Option as set forth in the Award Agreement),
 by the Participant's designated beneficiary, provided such beneficiary has been designated prior to Participant's death
 in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option may be
 exercised by the personal representative of the Participant's estate or by the person(s) to whom the Option is transferred
 pursuant to the Participant's will or in accordance with the laws of descent and distribution. In the absence of a specified
 time in the Award Agreement, the Option will remain exercisable for twelve (12) months following Participant's death. Unless
 otherwise provided by the Administrator, if at the time of death Participant is not vested as to his or her entire Option, the Shares
 covered by the unvested portion of the Option will immediately revert to this Plan. If the Option is not so exercised within the
 time specified herein, the Option will terminate, and the Shares covered by such Option will revert to this Plan. .

**Section 3.02 <u>Stock Appreciation Rights.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Grant of Stock Appreciation Rights*. Subject to the terms and conditions of this Plan, a Stock Appreciation Right may be granted to
 Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion.

(b) *Number of Shares*. The Administrator will have complete discretion to determine the number of Shares subject to any Award of Stock Appreciation
 Rights.

(c) *Exercise Price and Other Terms*. The per Share exercise price for the Shares that will determine the amount of the payment to be received
 upon exercise of a Stock Appreciation Right as set forth in Section 3.02(f) will be determined by the Administrator and will be no
 less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. Otherwise, the Administrator, subject
 to the provisions of this Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights
 granted under this Plan. Stock Appreciation Rights which have become exercisable may be exercised by delivery of written or electronic
 notice of exercise to the Company in accordance with the terms of the Award Agreement, specifying the number of Stock Appreciation
 Rights to be exercised and the date on which such Stock Appreciation Rights were awarded and vested.

(d) *Stock Appreciation Right Agreement*. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify the
 exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the
 Administrator, in its sole discretion, will determine.

(e) *Expiration of Stock Appreciation Rights*. A Stock Appreciation Right granted under this Plan will expire upon the date determined by the
 Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section
 3.01(d) relating to the maximum term and Section 3.01(f) relating to exercise also will apply to Stock Appreciation Rights.

(f) *Payment of Stock Appreciation Right Amount*. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment
 from the Company in an amount determined by multiplying (i) the difference between the Fair Market Value of a Share on the date of
 exercise over the exercise price; and (ii) the number of Shares with respect to which the Stock Appreciation Right is exercised.
 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent
 value, or in some combination thereof.

(g) *Deemed Exercise of Stock Appreciation Rights*. If, on the date on which a Stock Appreciation Rights would otherwise terminate or expire,
 the Stock Appreciation Right by its terms remains exercisable immediately prior to such termination or expiration and, if so exercised,
 would result in a payment to the holder of such Stock Appreciation Right, then any portion of such Stock Appreciation Right which
 has not previously been exercised shall automatically be deemed to be exercised as of such date with respect to such portion.

**Section 3.03 <u>Restricted Stock.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Grant of Restricted Stock*. Subject to the terms and provisions of this Plan, the Administrator, at any time and from time to time,
 may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine.

(b) *Restricted Stock Agreement*. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction,
 the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless
 the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on
 such Shares have lapsed.

(c) *Transferability*.
 Except as provided in this Section 3.03 or as the Administrator determines, Shares of Restricted Stock may not be sold, transferred,
 pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction.

(d) *Other Restrictions*. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as
 it may deem advisable or appropriate.

(e) *Removal of Restrictions*. Except as otherwise provided in this Section 3.03, Shares of Restricted Stock covered by each Restricted Stock
 grant made under this Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or
 at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any
 restrictions will lapse or be removed.

(f) *Voting Rights*. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise
 full voting rights with respect to those Shares, unless the Administrator determines otherwise.

(g) *Dividends and Other Distributions*. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled
 to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If
 any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and
 forfeitability as the Shares of Restricted Stock with respect to which they were paid.

(h) *Return of Restricted Stock to Company*. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have
 not lapsed will revert to the Company and again will become available for grant under this Plan.

**Section 3.04 <u>Restricted Stock Units.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Grant*.
 Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. After the Administrator
 determines that it will grant Restricted Stock Units under this Plan, it will advise the Participant in an Award Agreement of the
 terms, conditions, and restrictions related to the grant, including the number of Restricted Stock Units.

(b) *Vesting Criteria and Other Terms*. The Administrator will set vesting criteria in its discretion, which, depending on the extent to which
 the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator
 may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or individual goals (including, but
 not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the
 Administrator in its discretion.

(c) *Earning Restricted Stock Units*. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout as
 determined by the Administrator or as set forth in the applicable Award Agreement. Notwithstanding the foregoing, at any time after
 the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must
 be met to receive a payout.

(d) *Form and Timing of Payment*. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined
 by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Restricted
 Stock Units in cash, Shares, or a combination of both.

&nbsp;&nbsp;&nbsp;&nbsp;(e) *Voting Rights, Dividend Equivalent Rights and Distributions*. Participants shall have no voting rights with respect to Shares represented
 by Restricted Stock Units until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the
 Company or of a duly authorized transfer agent of the Company). However, the Administrator, in its discretion, may provide in the
 Award Agreement evidencing any Restricted Stock Unit Award that the Participant shall be entitled to Dividend Equivalent Rights with
 respect to the payment of cash dividends on Stock during the period beginning on the date such Award is granted and ending, with
 respect to each share subject to the Award, on the earlier of the date the Award is settled or the date on which it is terminated.
 Dividend Equivalent Rights, if any, shall be paid by crediting the Participant with a cash amount or with additional whole Restricted
 Stock Units as of the date of payment of such cash dividends on Stock, as determined by the Administrator. The number of additional
 Restricted Stock Units (rounded to the nearest whole number), if any, to be credited shall be determined by dividing (a) the amount
 of cash dividends paid on the dividend payment date with respect to the number of Shares represented by the Restricted Stock Units
 previously credited to the Participant by (b) the Fair Market Value per Share on such date. Such cash amount or additional Restricted
 Stock Units shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as the
 Restricted Stock Units originally subject to the Restricted Stock Unit Award. In the event of a dividend or distribution paid in
 Shares or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section
 4.05, appropriate adjustments shall be made in the Participant's Restricted Stock Unit Award so that it represents the right
 to receive upon settlement any and all new, substituted or additional securities or other property (other than regular, periodic
 cash dividends) to which the Participant would be entitled by reason of the Shares issuable upon settlement of the Award, and all
 such new, substituted or additional securities or other property shall be immediately subject to the same vesting conditions as are
 applicable to the Award.

(f) *Cancellation*.
 On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company.

**Section 3.05 <u>Performance Units and Performance Shares.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Issuance*.
 Performance Awards may be granted to Service Providers at any time and from time to time, as will be determined by the Administrator,
 in its sole discretion. The Administrator will have complete discretion in determining the number of Performance Units and Performance
 Shares granted to each Participant.

(b) *Value of Performance Units/Shares*. Each Performance Unit will have an initial value that is established by the Administrator on or
 before the date of grant. Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date
 of grant.

(c) *Performance Objectives and Other Terms*. The Administrator will set performance objectives or other vesting provisions (including, without
 limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will
 determine the number or value of Performance Units/Shares that will be paid out to the Service Providers. The time period during
 which the performance objectives or other vesting provisions must be met will be called the "Performance Period." Each
 Performance Awards will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions
 as the Administrator, in its sole discretion, will determine.

&nbsp;&nbsp;&nbsp;&nbsp;(d) *Performance Targets and Goals*. The Administrator may set performance objectives based upon the achievement of Company-wide, divisional, business
 unit or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities
 laws, or any other basis determined by the Administrator in its discretion ("Performance Goals"). Performance Goals shall
 be established by the Administrator on the basis of targets to be attained ("Performance Targets") with respect to one
 or more measures of business or financial performance (each, a "Performance Measure"), subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Performance Measures</u>  *.*** Performance Measures shall be calculated in accordance with the Company's financial statements,
 or, if such measures are not reported in the Company's financial statements, they shall be calculated in accordance with generally
 accepted accounting principles, a method used generally in the Company's industry, or in accordance with a methodology established
 by the Administrator prior to the grant of the Performance Award. As specified by the Administrator, Performance Measures may be
 calculated with respect to the Company and its Subsidiaries consolidated therewith for financial reporting purposes, one or more
 Subsidiaries or such division or other business unit of any of them selected by the Administrator. Unless otherwise determined by
 the Administrator prior to the grant of the Performance Award, the Performance Measures applicable to the Performance Award shall
 be calculated prior to the accrual of expense for any Performance Award for the same Performance Period and excluding the effect
 (whether positive or negative) on the Performance Measures of any change in accounting standards or any unusual or infrequently occurring
 event or transaction, as determined by the Administrator, occurring after the establishment of the Performance Goals applicable to
 the Performance Award. Each such adjustment, if any, shall be made solely for the purpose of providing a consistent basis from period
 to period for the calculation of Performance Measures in order to prevent the dilution or enlargement of the Participant's
 rights with respect to a Performance Award. Performance Measures may be based upon one or more of the following, as determined by
 the Administrator: (1) revenue; (2) sales; (3) expenses; (4) operating income; (5) gross margin; (6) operating margin; (7) earnings
 before any one or more of: stock-based compensation expense, interest, taxes, depreciation and amortization; (8) pre-tax profit;
 (9) net operating income; (10) net income; (11) economic value added; (12) free cash flow; (13) operating cash flow; (14) balance
 of cash, cash equivalents and marketable securities; (15) stock price; (16) earnings per share; (17) return on stockholder equity;
 (18) return on capital; (19) return on assets; (20) return on investment; (21) total stockholder return; (22) employee satisfaction;
 (23) employee retention; (24) market share; (25) customer satisfaction; (26) product development; (27) research and development expenses;
 (28) completion of an identified special project; and (29) completion of a joint venture or other corporate transaction.

(ii) <u>Performance Targets.</u> Performance Targets may include a minimum, maximum, target level and intermediate levels of performance, with the final
 value of a Performance Award determined under the applicable Performance Award Formula by the Performance Target level attained during
 the applicable Performance Period. A Performance Target may be stated as an absolute value, an increase or decrease in a value, or
 as a value determined relative to an index, budget or other standard selected by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;(e) *Earning of Performance Units/Shares*. After the applicable Performance Period has ended, the holder of Performance Units/Shares will be
 entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to
 be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been
 achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance
 objectives or other vesting provisions for such Performance Unit/Share.

(f) *Form and Timing of Payment of Performance Units/Shares*. Payment of earned Performance Units or Performance Shares will be made as
 soon as practicable after the expiration of the applicable Performance Period. The Administrator, in its sole discretion, may pay
 earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the
 earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof.

(g) *Cancellation of Performance Units/Shares*. On the date set forth in the Award Agreement, all unearned or unvested Performance Units or Performance
 Shares will be forfeited to the Company, and again will be available for grant under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(h) *Qualified Performance-Based Awards.* Restricted Stock and Restricted Stock Units granted to officers and Employees of the Company or any
 Parent or Subsidiary of the Company (within the meaning of Code Section 424) may be granted with the intent that the award satisfy
 the "Performance-Based Exception" (any such award intended to satisfy the Performance-Based Exception, a "Qualified
 Performance-Based Award"). The grant, vesting, or payment of a Qualified Performance-Based Awards may depend on the degree
 of achievement of one or more performance goals relative to a pre-established targeted level or levels using one or more performance
 targets as determined by the Administrator (on an absolute or relative (including, without limitation, relative to the performance
 of one or more other companies or upon comparisons of any of the indicators of performance relative to one or more other companies)
 basis, any of which may also be expressed as a growth or decline measure relative to an amount or performance for a prior date or
 period) for the Company on a consolidated basis or for one or more of the Company's Subsidiaries, segments, divisions, or business
 or operational units, or any combination of the foregoing. The performance period applicable to any Performance Units or Performance
 Shares may not be less than three (3) months nor more than ten (10) years. To satisfy the Performance-Based Exception, the performance
 measure(s) applicable to the Qualified Performance-Based Award and specific performance formula, goal or goals ("targets"),
 including must be established and approved by the Administrator during the first ninety (90) days of the applicable Performance Period
 (and, in the case of Performance Periods of less than one year, in no event after 25% or more of the Performance Period has elapsed)
 and while performance relating to such target(s) remains substantially uncertain within the meaning of Section 162(m) of the Code.

(i) *Voting Rights; Dividend Equivalent Rights and Distributions*. Participants shall have no voting rights with respect to Shares represented
 by Performance Share Awards until the date of the issuance of such Shares, if any (as evidenced by the appropriate entry on the books
 of the Company or of a duly authorized transfer agent of the Company). However, the Administrator, in its discretion, may provide
 in the Award Agreement evidencing any Performance Share Award that the Participant shall be entitled to Dividend Equivalent Rights
 with respect to the payment of cash dividends on Stock during the period beginning on the date the Award is granted and ending, with
 respect to each share subject to the Award, on the earlier of the date on which the Performance Shares are settled or the date on
 which they are forfeited. Such Dividend Equivalent Rights, if any, shall be credited to the Participant either in cash or in the
 form of additional whole Performance Shares as of the date of payment of such cash dividends on Stock, as determined by the Administrator.
 The number of additional Performance Shares (rounded to the nearest whole number), if any, to be so credited shall be determined
 by dividing (a) the amount of cash dividends paid on the dividend payment date with respect to the number of Shares represented by
 the Performance Shares previously credited to the Participant by (b) the Fair Market Value per Share on such date. Dividend Equivalent
 Rights, if any, shall be accumulated and paid to the extent that the related Performance Shares become nonforfeitable. Settlement
 of Dividend Equivalent Rights may be made in cash, Shares, or a combination thereof as determined by the Administrator, and may be
 paid on the same basis as settlement of the related Performance Share as provided in Section 3.05(e). Dividend Equivalent Rights
 shall not be paid with respect to Performance Units. In the event of a dividend or distribution paid in Shares or other property
 or any other adjustment made upon a change in the capital structure of the Company as described in Section 4.05, appropriate adjustments
 shall be made in the Participant's Performance Share Award so that it represents the right to receive upon settlement any and
 all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant
 would be entitled by reason of the Shares issuable upon settlement of the Performance Share Award, and all such new, substituted
 or additional securities or other property shall be immediately subject to the same Performance Goals as are applicable to the Award.

**Section 3.06 <u>Cash-Based Awards and Other Stock-Based Awards.</u>**

Cash-Based Awards and Other Stock-Based Awards shall be evidenced by Award Agreements in such form as the Administrator shall establish. Such Award Agreements may incorporate all or any of the terms of this Plan by reference and shall comply with and be subject to the following terms and conditions.

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Grant of Cash-Based Awards.* Subject to the provisions of this Plan, the Administrator, at any time and from time to time, may grant
 Cash-Based Awards to Participants in such amounts and upon such terms and conditions, including the achievement of performance criteria,
 as the Administrator may determine.

(b) *Grant of Other Stock-Based Awards.* The Administrator may grant other types of equity-based or equity-related Awards not otherwise described
 by the terms of this Plan (including the grant or offer for sale of unrestricted securities, stock-equivalent units, stock appreciation
 units, securities or debentures convertible into common stock or other forms determined by the Administrator) in such amounts and
 subject to such terms and conditions as the Administrator shall determine. Other Stock-Based Awards may be made available as a form
 of payment in the settlement of other Awards or as payment in lieu of compensation to which a Participant is otherwise entitled.
 Other Stock-Based Awards may involve the transfer of actual Shares to Participants, or payment in cash or otherwise of amounts based
 on the value of a Share and may include, without limitation, Awards designed to comply with or take advantage of the applicable local
 laws of jurisdictions other than the United States.

(c) *Value of Cash-Based and Other Stock-Based Awards.* Each Cash-Based Award shall specify a monetary payment amount or payment range as
 determined by the Administrator. Each Other Stock-Based Award shall be expressed in terms of Shares or units based on such Shares,
 as determined by the Administrator. The Administrator may require the satisfaction of such Service requirements, conditions, restrictions
 or performance criteria, including, without limitation, Performance Goals as described in Section 3.05, as shall be established by
 the Administrator and set forth in the Award Agreement evidencing such Award. If the Administrator exercises its discretion to establish
 performance criteria, the final value of Cash-Based Awards or Other Stock-Based Awards that will be paid to the Participant will
 depend on the extent to which the performance criteria are met. The establishment of performance criteria with respect to the grant
 or vesting of any Cash-Based Award or Other Stock-Based Award intended to result in Performance-Based Compensation shall follow procedures
 substantially equivalent to those applicable to Performance Awards set forth in Section 3.05.

(d) *Payment or Settlement of Cash-Based Awards and Other Stock-Based Awards.* Payment or settlement, if any, with respect to a Cash-Based
 Award or an Other Stock-Based Award shall be made in accordance with the terms of the Award, in cash, Shares or other securities
 or any combination thereof as the Administrator determines. The determination and certification of the final value with respect to
 any Cash-Based Award or Other Stock-Based Award intended to result in Performance-Based Compensation shall comply with the requirements
 applicable to Performance Awards set forth in Section 3.05. To the extent applicable, payment or settlement with respect to each
 Cash-Based Award and Other Stock-Based Award shall be made in compliance with the requirements of Section 409A.

(e) *Voting Rights; Dividend Equivalent Rights and Distributions.* Participants shall have no voting rights with respect to Shares represented
 by Other Stock-Based Awards until the date of the issuance of such Shares (as evidenced by the appropriate entry on the books of
 the Company or of a duly authorized transfer agent of the Company), if any, in settlement of such Award. However, the Administrator,
 in its discretion, may provide in the Award Agreement evidencing any Other Stock-Based Award that the Participant shall be entitled
 to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date such
 Award is granted and ending, with respect to each share subject to the Award, on the earlier of the date the Award is settled or
 the date on which it is terminated. Such Dividend Equivalent Rights, if any, shall be paid in accordance with the provisions set
 forth in Section 3.04(e). Dividend Equivalent Rights shall not be granted with respect to Cash-Based Awards. In the event of a dividend
 or distribution paid in Shares or other property or any other adjustment made upon a change in the capital structure of the Company
 as described in Section 4.05, appropriate adjustments shall be made in the Participant's Other Stock-Based Award so that it
 represents the right to receive upon settlement any and all new, substituted or additional securities or other property (other than
 regular, periodic cash dividends) to which the Participant would be entitled by reason of the Shares issuable upon settlement of
 such Award, and all such new, substituted or additional securities or other property shall be immediately subject to the same vesting
 conditions and performance criteria, if any, as are applicable to the Award.

(f) *Nontransferability of Cash-Based Awards and Other Stock-Based Awards.* Prior to the payment or settlement of a Cash-Based Award or Other Stock-Based
 Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance,
 or garnishment by creditors of the Participant or the Participant's beneficiary, except transfer by will or by the laws of
 descent and distribution. The Administrator may impose such additional restrictions on any Shares issued in settlement of Cash-Based
 Awards and Other Stock-Based Awards as it may deem advisable, including, without limitation, minimum holding period requirements,
 restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares
 are then listed and/or traded, or under any state securities laws or foreign law applicable to such Shares.

**Section 3.07 <u>Form of Award Agreements.</u>** A form of Award Agreement for a grant of Options is attached hereto as Exhibit A, a form of Award Agreement for a grant of Stock Appreciation Rights is attached hereto as Exhibit B, a form of Award Agreement for a grant of Restricted Stock is attached hereto as Exhibit C; and a form of Award Agreement for a grant of Restricted Stock Units is attached hereto as Exhibit D, provided that the Administrator shall have the discretion to modify such forms and to replace such forms with any other agreement as determined by the Administrator. In the event of a conflict between the terms of any Award Agreement and the provisions in the body of this Plan, the terms of the Award Agreement shall control.

**Article IV. <u>ADDITIONAL PROVISIONS APPLICABLE TO THIS PLAN AND AWARDS</u>**

**Section 4.01 <u>Outside Director Limitations.</u>** No Outside Director may be granted, in any Fiscal Year, Awards with a grant date fair value (computed as of the date of grant in accordance with U.S. generally accepted accounting principles) of more than $300,000. Any Awards granted to an individual while he or she was an Employee, or while he or she was a Consultant but not an Outside Director, will not count for purposes of the limitations under this Section 4.01.

**Section 4.02 <u>Compliance With Code Section 409A.</u>** Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. This Plan and each Award Agreement under this Plan is intended to meet the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A. In no event will the Company have any obligation under the terms of this Plan to reimburse a Participant for any taxes or other costs that may be imposed on Participant as a result of Section 409A.

**Section 4.03 <u>Leaves of Absence/Transfer Between Locations.</u>** Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first (1<sup>st</sup>) day of such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option.

**Section 4.04 <u>Limited Transferability of Awards.</u>** Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate.

**Section 4.05 <u>Adjustments; Dissolution, Merger, Etc.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Adjustments*.
 In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property),
 recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase,
 or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the
 Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to
 be made available under this Plan, will adjust the number and class of shares of stock that may be delivered under this Plan and/or
 the number, class, and price of shares of stock covered by each outstanding Award, and the numerical Share limits of Section 2.01.

(b) *Dissolution or Liquidation*. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant
 as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised,
 an Award will terminate immediately prior to the consummation of such proposed action.

(c) *Change in Control*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Unless
 otherwise specifically set forth in an Award Agreement, in the event of a merger of the Company with or into another corporation
 or other entity or a Change in Control, each outstanding Award will be treated as the Administrator determines (subject to the provisions
 of the following paragraph) without a Participant's consent, including, without limitation, that (i) Awards will be assumed,
 or substantially equivalent awards will be substituted, by the acquiring or succeeding corporation (or an Affiliate thereof) with
 appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant's
 Awards will terminate upon or immediately prior to the consummation of such merger or Change in Control; (iii) outstanding Awards
 will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part
 prior to or upon consummation of such merger or Change in Control, and, to the extent the Administrator determines, terminate upon
 or immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the termination of an Award in exchange for
 an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization
 of the Participant's rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of
 the date of the occurrence of the transaction the Administrator determines in good faith that no amount would have been attained
 upon the exercise of such Award or realization of the Participant's rights, then such Award may be terminated by the Company
 without payment), or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion;
 or (v) any combination of the foregoing. In taking any of the actions permitted under this Section 4.05(c), the Administrator will
 not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly.

(ii) In
 the event that the successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully
 vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to
 which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will
 lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed
 achieved at one hundred percent (100%) of target levels and all other terms and conditions met, in all cases, unless specifically
 provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any
 of its Subsidiaries or Parents, as applicable. In addition, if an Option or Stock Appreciation Right is not assumed or substituted
 in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that the
 Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole discretion,
 and the Option or Stock Appreciation Right will terminate upon the expiration of such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) For
 the purposes of this Section 4.05(c) and Section 4.05(d), an Award will be considered assumed if, following the merger or Change
 in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger
 or Change in Control, the consideration (whether stock, cash, or other securities or property) received in the merger or Change in
 Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice
 of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that
 if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its
 Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the
 exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit, or Performance
 Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market
 value to the per share consideration received by holders of Common Stock in the merger or Change in Control.

(iv) Notwithstanding
 anything in this Section 4.05(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more
 performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the
 Participant's consent, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written
 agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable; provided, however, a modification
 to such performance goals only to reflect the successor corporation's post-Change in Control corporate structure will not be
 deemed to invalidate an otherwise valid Award assumption.

(v) Notwithstanding
 anything in this Section 4.05(c) to the contrary, and unless otherwise provided in an Award Agreement, if an Award that vests, is
 earned or paid-out under an Award Agreement is subject to Code Section 409A and if the change in control definition contained in
 the Award Agreement does not comply with the definition of "change of control" for purposes of a distribution under Code
 Section 409A, then any payment of an amount that is otherwise accelerated under this Section 4.05(c) will be delayed until the earliest
 time that such payment would be permissible under Code Section 409A without triggering any penalties applicable under Code Section
 409A.

(vi) The
 Administrator may, without affecting the number of Shares reserved or available hereunder, authorize the issuance or assumption of
 benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock, or reorganization upon such
 terms and conditions as it may deem appropriate, subject to compliance with Section 409A and any other applicable provisions of the
 Code.

&nbsp;&nbsp;&nbsp;&nbsp;(d) *Outside Director Awards*. In the event of a Change in Control, with respect to Awards granted to an Outside Director, the Outside Directors
 will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares underlying such
 Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted
 Stock Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria
 will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met, unless specifically
 provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any
 of its Subsidiaries or Parents, as applicable.

**Section 4.06 <u>Tax Withholding.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Withholding Requirements*. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof) or such earlier time as
 any tax withholding obligation is due, the Company will have the power and the right to deduct or withhold, or require a Participant
 to remit to the Company, an amount sufficient to satisfy federal, state, local, non-U.S. or other taxes (including the Participant's
 FICA obligation) required to be withheld with respect to such Award (or exercise thereof).

&nbsp;&nbsp;&nbsp;&nbsp;(b) *Withholding Arrangements*. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time,
 may permit a Participant to satisfy such tax withholding obligation, in whole or in part by such methods as the Administrator shall
 determine, including, without limitation, (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash
 or Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the
 Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its
 sole discretion, (iii) delivering to the Company already-owned Shares having a fair market value equal to the minimum statutory amount
 required to be withheld or such greater amount as the Administrator may determine, in each case, provided the delivery of such Shares
 will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (iv) selling a sufficient
 number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion
 (whether through a broker or otherwise) equal to the amount required to be withheld, or (v) any combination of the foregoing methods
 of payment. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be
 withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal
 income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to
 be determined or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences,
 as the Administrator determines in its sole discretion. The fair market value of the Shares to be withheld or delivered will be determined
 as of the date that the taxes are required to be withheld.

**Section 4.07 <u>Compliance with Securities Laws.</u>** The grant of Awards and the issuance of Shares pursuant to any Award shall be subject to compliance with all applicable requirements of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, no Award may be exercised or shares issued pursuant to an Award unless (a) a registration statement under the Securities Act shall at the time of such exercise or issuance be in effect with respect to the shares issuable pursuant to the Award, or (b) in the opinion of legal counsel to the Company, the shares issuable pursuant to the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company's legal counsel to be necessary to the lawful issuance and sale of any shares under this Plan shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company.

**Section 4.08 <u>No Effect on Employment or Service.</u>** Neither this Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant's relationship as a Service Provider with the Company or its Subsidiaries or Parents, as applicable, nor will they interfere in any way with the Participant's right or the right of the Company and its Subsidiaries or Parents, as applicable to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws.

**Section 4.09 <u>Repurchase Rights.</u>** Shares issued under this Plan may be subject to one or more repurchase options, or other conditions and restrictions as determined by the Administrator in its discretion at the time the Award is granted. The Company shall have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company. Upon request by the Company, each Participant shall execute any agreement evidencing such transfer restrictions prior to the receipt of Shares hereunder and shall promptly present to the Company any and all certificates representing Shares acquired hereunder for the placement on such certificates of appropriate legends evidencing any such transfer restrictions.

**Section 4.10 <u>Fractional Shares.</u>** The Company shall not be required to issue fractional shares upon the exercise or settlement of any Award.

**Section 4.11 <u>Forfeiture Events.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 Awards under this Plan will be subject to recoupment under any clawback policy that the Company is required to adopt pursuant to
 the listing standards of any national securities exchange or association on which the Company's securities are listed or as
 is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other Applicable Laws. In addition, the
 Administrator may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Administrator determines
 necessary or appropriate, including but not limited to a reacquisition right regarding previously acquired Shares or other cash or
 property. Unless this Section 4.11 is specifically mentioned and waived in an Award Agreement or other document, no recovery of compensation
 under a clawback policy or otherwise will be an event that triggers or contributes to any right of a Participant to resign for "good
 reason" or "constructive termination" (or similar term) under any agreement with the Company or a Subsidiary or
 Parent of the Company.

(b) Notwithstanding
 any other provision of this Plan, if the Participant's service to the Company or any of its Affiliates as a Service Provider
 is terminated for Cause, then any Award which has not vested as of such time in accordance with its terms shall automatically be
 forfeited and cancelled and shall cease to vest, be exercisable or otherwise provide any benefit to Participant, provided that such
 provision may be amended in any Award Agreement.

(c) The
 Administrator may specify in an Award Agreement that the Participant's rights, payments, and benefits with respect to an Award
 will be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence additional of specified events, in addition
 to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but will not be limited to, termination
 of such Participant's status as Service Provider for Cause or any specified action or inaction by a Participant, whether before
 or after such termination of service, that would constitute Cause for termination of such Participant's status as a Service
 Provider.

**Section 4.12 <u>Date of Grant.</u>** The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant.

**Section 4.13 <u>Term of Plan</u>**<u>.</u> This Plan will become effective upon its adoption by the Board. It will continue in effect for a term of ten (10) years from the date adopted by the Board, unless terminated earlier under Section 4.14.

**Section 4.14 <u>Amendment and Termination of this Plan.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Amendment and Termination*. The Administrator may at any time amend, alter, suspend or terminate this Plan.

(b) *Stockholder Approval*. The Company will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply
 with Applicable Laws.

(c) *Effect of Amendment or Termination*. No amendment, alteration, suspension or termination of this Plan will impair the rights of any Participant,
 unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by
 the Participant and the Company. Termination of this Plan will not affect the Administrator's ability to exercise the powers
 granted to it hereunder with respect to Awards granted under this Plan prior to the date of such termination.

**Section 4.15 <u>Conditions Upon Issuance of Shares.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Legal Compliance*. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance
 and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company
 with respect to such compliance.

(b) *Investment Representations*. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent
 and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention
 to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

**Section 4.16 <u>Inability to Obtain Authority.</u>** The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or non-U.S. law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Company's counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule compliance will not have been obtained.

**Section 4.17 <u>Stockholder Approval.</u>** This Plan will be presented for approval by the stockholders of the Company within twelve (12) months after the date this Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. No Option granted under this Plan may be treated as an Incentive Stock Option if this Plan is not approved by stockholders of the Company within twelve (12) months after the date this Plan is adopted by the Board.

**Section 4.18 <u>Retirement and Welfare Plans.</u>** Neither Awards made under this Plan nor Shares or cash paid pursuant to such Awards may be included as "compensation" for purposes of computing the benefits payable to any Participant under the Company's or any of its Affiliates' retirement plans (both qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant's benefit.

**Section 4.19 <u>Beneficiary Designation.</u>** Subject to local laws and procedures, each Participant may file with the Company a written designation of a beneficiary who is to receive any benefit under this Plan to which the Participant is entitled in the event of such Participant's death before he or she receives any or all of such benefit. Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Company during the Participant's lifetime. If a married Participant designates a beneficiary other than the Participant's spouse, the effectiveness of such designation may be subject to the consent of the Participant's spouse. If a Participant dies without an effective designation of a beneficiary who is living at the time of the Participant's death, the Company will pay any remaining unpaid benefits to the Participant's legal representative.

**Section 4.20 <u>Severability.</u>** If any one or more of the provisions (or any part thereof) of this Plan shall be held invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part thereof) of this Plan shall not in any way be affected or impaired thereby.

**Section 4.21 <u>No Constraint on Corporate Action.</u>** Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company's or any of its Affiliate's right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company any of its Affiliates to take any action which such entity deems to be necessary or appropriate.

**Section 4.22 <u>Unfunded Obligation.</u>** Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Participants pursuant to this Plan shall be considered unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974. Neither the Company nor any of its Affiliates shall be required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any of its Affiliates and a Participant, or otherwise create any vested or beneficial interest in any Participant or the Participant's creditors in any assets of the Company or any of its Affiliates. The Participants shall have no claim against the Company or any of its Affiliates for any changes in the value of any assets which may be invested or reinvested by the Company with respect to this Plan.

**Section 4.23 <u>Choice of Law.</u>** Except to the extent governed by applicable federal law, the validity, interpretation, construction and performance of this Plan and each Award Agreement shall be governed by the laws of the State of Delaware, without regard to its conflict of law rules.

\*\*\*

**Exhibit A**

**Form of Option Award Agreement**

------

**The Sustainable Green Team, Ltd.** 

**Option Award Agreement**

This grant of an Award to purchase Shares ("Grant") is made as of [_______________] (the "Effective Date") by The Sustainable Green Team, Ltd. , a Delaware corporation (the "Company") under the The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"), to [__________________] (the "Participant"). Under applicable provisions of the Internal Revenue Code of 1986, as amended, the Option is treated as *[an incentive option][a non-qualified option]*. Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan.

***By signing this cover sheet, you hereby accept the Option (as defined below) and agree to all of the terms and conditions described herein and in this Plan.***

Participant Name:   <br> Signature:  

The Sustainable Green Team, Ltd.

By:   <br> Name:   <br> Title:

 ****

***This is not a stock certificate or a negotiable instrument. This grant of Option is a***

***voluntary, revocable grant from the Company and Participant hereby acknowledges that the Company has no obligation to make additional grants in the future.***

**UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY WILL BE ENTERED INTO THE COMPANY'S BOOKS AND RECORDS**

**TO EVIDENCE THE OPTIONS GRANTED TO YOU.**

**\*\*\***

1. <u>Grant</u>.
 As of the Effective Date, the Company grants to the Participant an option (the "Option") to purchase on the terms and
 conditions hereinafter set forth all or any part of an aggregate of [________________] shares of the Common Stock (the "Option
 Shares"), at a purchase price of $[____________] per share (the "Option Price"). The Participant shall have the
 cumulative right to exercise the Option, and the Option is only exercisable, with respect to the following number of Option Shares
 on or after the following dates:

---

| | |
|:---|:---|
| **Date** | **Number of Options Vested and Shares Which May be Acquired** |

---

The Administrator may, in its sole discretion, accelerate the date on which the Participant may purchase Option Shares.

2. <u>Term</u>.
 The Option granted hereunder shall expire in all events at 5:00 p.m., Eastern time on [______________], unless sooner terminated
 as provided in in this Section 2.

3. <u>Change in Accounting Treatment</u>. If the Administrator finds that a change in the financial accounting treatment for options granted under
 this Plan adversely affects the Company or, in the determination of the Administrator, may adversely affect the Company in the foreseeable
 future, the Administrator may, in its discretion, set an accelerated termination date for the Option. In such event, the Administrator
 may take whatever other action, including acceleration of any exercise provisions, it deems necessary.

4. <u>Blackout Periods</u>. The Administrator reserves the right to suspend or limit the Participant's rights to exercise and sell Shares
 acquired through the exercise of Options to comply with Applicable Requirements and any Company's insider trading policy, any
 Applicable Law, or at any other times that it deems appropriate.

5. <u>Transfers</u>.
 Except as otherwise provided herein or in any separate provisions applicable to this Option, the Option is transferable by the Participant
 only by will or pursuant to the laws of descent and distribution in the event of the Participant's death, in which event the
 Option may be exercised by the heirs or legal representatives of the Participant as set forth in this Plan. Any attempt at assignment,
 transfer, pledge or disposition of the Option contrary to the provisions hereof or the levy of any execution, attachment or similar
 process upon the Option shall be null and void and without effect. Any exercise of the Option by a Person other than the Participant
 shall be accompanied by appropriate proofs of the right of such person to exercise the Option.

6. <u>Adjustments on Changes in Common Stock</u>. In the event that, prior to the delivery by the Company of all of the Option Shares in respect of
 which the Option is granted, there shall be an increase or decrease in the number of issued shares of Common Stock of the Company
 as a result of a subdivision or consolidation of Shares or other capital adjustment, or the payment of a stock dividend or other
 increase or decrease in such Shares, effected without receipt of consideration by the Company, the remaining number of Option Shares
 still subject to the Option and the Option Price therefor shall be adjusted in a manner determined by the Administrator so that the
 adjusted number of Option Shares and the adjusted Option Price shall be the substantial equivalent of the remaining number of Option
 Shares still subject to the Option and the Option Price thereof prior to such change. For purposes of this Section 7 no adjustment
 shall be made as a result of the issuance of Common Stock upon the conversion of other securities of the Company which are convertible
 into Shares.

7. <u>Legal Requirements</u>. If the listing, registration or qualification of the Option Shares upon any securities exchange or under any federal
 or state law, or the consent or approval of any governmental regulatory body is necessary as a condition of or in connection with
 the purchase of such Option Shares, the Company shall not be obligated to issue or deliver the certificates representing the Option
 Shares as to which the Option has been exercised unless and until such listing, registration, qualification, consent or approval
 shall have been effected or obtained. If registration is considered unnecessary by the Company or its counsel, the Company may cause
 a legend to be placed on the Option Shares being issued calling attention to the fact that they have been acquired for investment
 and have not been registered.

8. <u>Administration</u>.
 The Option has been granted pursuant to, and is subject to the terms and provisions of, this Plan. All questions of interpretation
 and application of this Plan and the Option shall be determined by the Administrator, and such determination shall be final, binding
 and conclusive. The Option shall not be treated as an incentive stock option (as such term is defined in section 422(b) of the Code)
 for federal income tax purposes unless expressly indicated as same hereupon.

9. <u>Severability</u>.
 Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the
 intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto,
 modified, amended and limited to the extent necessary to render the same valid and enforceable. It is further the parties'
 intent that all provisions not deemed to be overbroad shall be given their full force and effect. You acknowledge that you are freely,
 knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel.

10. <u>Notices</u>.
 Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to
 be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records
 of the Company, or at such other address as either party hereafter may designate in writing to the other. Any such notice shall be
 deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and
 with proper postage and registration or certification fees prepaid.

11. <u>Reservation of Right to Terminate</u>. Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant
 in its applicable capacity as a Service Provider at any time for any reason whatsoever.

12. <u>Choice of Law; Jurisdiction</u>. This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of
 the State of Delaware, without giving effect to any conflicts of law rule or principle that might require the application of the
 laws of another jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED
 SOLELY IN THE COURTS OF THE STATE OF FLORIDA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN LAKE COUNTY, FLORIDA, AND EACH
 PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.

13. <u>Taxes</u>.
 You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding
 of such income or other taxes as may be required by law to be paid or withheld in connection with the Options and exercise thereof.

\*\*\*

**Exhibit B**

**Form of Stock Appreciation Right Award Agreement**

------

**The Sustainable Green Team, Ltd.** 

**Stock Appreciation Rights Award Agreement**

---

| | | |
|:---|:---|:---|
| **Number of SARs** | **Grant Date** | **Vesting Schedule** |

---

**Exercise Price: $_______________ per share of Common Stock**

The Sustainable Green Team, Ltd. , a Delaware corporation (the "Company"), hereby grants to [_________] (the "Participant", also referred to as "you") Stock Appreciation Rights (the "SAR"), pursuant to the terms of the attached Stock Appreciation Rights Award Agreement and the The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan.

 ****

***By signing this cover sheet, you agree to all of the terms and conditions described in the attached Stock Appreciation Rights Award Agreement and this Plan.***

Participant:   <br> Signature:  

The Sustainable Green Team, Ltd.

By:   <br> Name:   <br> Title:

 ****

***This is not a stock certificate or a negotiable instrument. This grant of SAR is a***

***voluntary, revocable grant from the Company and Participant hereby acknowledges that the***

***Company has no obligation to make additional grants in the future.***

**UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY**

**WILL BE ENTERED INTO THE COMPANY'S BOOKS AND RECORDS**

**TO EVIDENCE THE SAR GRANTED TO YOU.**

1. <u>SAR/Nontransferability</u>.
 This Stock Appreciation Rights Award Agreement (this "Agreement") evidences the grant to you on the Grant Date set forth
 on the cover page of this Agreement the Stock Appreciation Right as set forth therein (the "SAR") under the The Sustainable
 Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). These SARs represent the right to receive, upon exercise thereof,
 an amount in cash as set forth in this Plan. This SAR will NOT be credited with dividends to the extent dividends are paid on the
 Common Stock of the Company. Your SAR may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise,
 nor may the SAR be made subject to execution, attachment or similar process.

2. <u>The Plan</u>. The SAR is issued in accordance with and is subject to and conditioned upon all of the terms and conditions of this Agreement
 and this Plan as amended from time to time; provided, however, that no future amendment or termination of this Plan shall, without
 your consent, alter or impair any of your rights or obligations under this Plan, all of which are incorporated by reference in this
 Agreement as if fully set forth herein.

3. <u>Cash Value Determination upon Vesting and Exercise</u>. Subject to the terms and conditions set forth in this Agreement, the SARs covered
 by this grant shall vest on the vesting date set forth on the cover page of this Agreement, provided the Participant is a Service
 Provider of the Company on the Date of Vesting. The payment of the value of the SARs shall be made no later than ten (10) days following
 exercise. The payment of amounts with respect to the SARs is subject to the provisions of this Plan and to interpretations, regulations
 and determinations concerning this Plan as established from time to time by the Administrator in accordance with the provisions of
 this Plan, including, but not limited to, provisions relating to (i) rights and obligations with respect to withholding taxes, (ii)
 capital or other changes of the Company and (iii) other requirements of applicable law.

4. <u>No Stockholder Rights</u>. SARs are not Shares. Neither the Participant, nor any Person entitled to exercise the Participant's
 rights in the event of the Participant's death, shall have any of the rights and privileges of a holder of Shares.

5. <u>Severability</u>.
 Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the
 intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto,
 modified, amended and limited to the extent necessary to render the same valid and enforceable. It is further the parties'
 intent that all provisions not deemed to be overbroad shall be given their full force and effect. You acknowledge that you are freely,
 knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel.

6. <u>Notices</u>.
 Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to
 be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records
 of the Company, or at such other address as either party hereafter may designate in writing to the other. Any such notice shall be
 deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and
 with proper postage and registration or certification fees prepaid.

7. <u>Reservation of Right to Terminate</u>. Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant
 in its applicable capacity as a Service Provider at any time for any reason whatsoever.

8. <u>Choice of Law; Jurisdiction</u>. This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of
 the State of Delaware, without giving effect to any conflicts of law rule or principle that might require the application of the
 laws of another jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED
 SOLELY IN THE COURTS OF THE STATE OF FLORIDA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN LAKE COUNTY, FLORIDA, AND EACH
 PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.

9. <u>Taxes</u>.
 You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding
 of such income or other taxes as may be required by law to be paid or withheld in connection with the SARs.

\*\*\*

**Exhibit C**

**Form of Restricted Stock Award Agreement**

------

**The Sustainable Green Team, Ltd.** 

**Restricted Stock Award Agreement**

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Grant Date** | **Vesting Schedule** |

---

The Sustainable Green Team, Ltd. , a Delaware corporation (the "Company"), hereby grants to [_________] (the "Participant", also referred to as "you") shares of Restricted Stock (the "Shares"), pursuant to the terms of the attached Restricted Stock Award Agreement and the The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan.

 ****

***By signing this cover sheet, you agree to all of the terms and conditions described in the attached Restricted Stock Award Agreement and this Plan.***

Participant:   <br> Signature:  

The Sustainable Green Team, Ltd.

By:   <br> Name:   <br> Title:

 ****

***This is not a stock certificate or a negotiable instrument. This grant of Shares is a***

***voluntary, revocable grant from the Company and Participant hereby acknowledges that the***

***Company has no obligation to make additional grants in the future.***

**UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY**

**WILL BE ENTERED INTO THE COMPANY'S BOOKS AND RECORDS**

**TO EVIDENCE THE SHARES GRANTED TO YOU.**

1. <u>Award</u>.
 This Restricted Stock Award Agreement (this "Agreement") evidences the grant to Participant on the Grant Date set forth
 on the cover page of this Agreement the shares of Restricted Stock as set forth therein (the "Shares") under the The
 Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan").

2. <u>Non-Transferability of the Shares</u>. Your Shares may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise,
 nor may the Shares be made subject to execution, attachment or similar process. Except as may be required by federal income tax withholding
 provisions or by the tax laws of any state, your interests (and the interests of your beneficiaries, if any) under this Agreement
 are not subject to the claims of your creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned,
 pledged, anticipated, or encumbered. Any attempt to sell, transfer, alienate, assign, pledge, anticipate, encumber, charge or otherwise
 dispose of any right to benefits payable hereunder shall be void. Your rights to your Shares are no greater than that of other general,
 unsecured creditors of the Company.

3. <u>Vesting</u>.
 Subject to the terms and conditions set forth in this Agreement, the Shares covered by this grant shall vest on the vesting date
 set forth on the cover page of this Agreement, provided the Participant is a Service Provider of the Company or a member of the Company
 Group on the Date of Vesting.

4. <u>Delivery of Shares</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Vesting</u>.
 Shares that vest (together with any payment due pursuant to the terms herein in respect of such Shares) shall be delivered to Participant
 (or the person to whom ownership rights may have passed by will or the laws of descent and distribution), on or as soon as administratively
 practicable after, the date of such vesting.

(b) <u>Certain Limitations</u>. Notwithstanding the foregoing provisions of this Section 3, delivery of Shares, if any, by reason of Participant's
 termination of employment shall be delayed until the six (6) month anniversary of the date of Participant's termination of
 employment to the extent necessary to comply with Code Section 409A(a)(B)(i), and the determination of whether or not there has been
 a termination of Participant's employment with the Company shall be made by the Administrator consistent with the definition
 of "separation from service" (as that phrase is used for purposes of Code Section 409A, and as set forth in Treasury
 Regulation Section 1.409A-1(h)).

5. <u>Withholding Taxes</u>. Participant shall be responsible to pay to the Company the amount of withholding taxes as determined by the Company with
 respect to the date the Shares are delivered. If Participant does not arrange for payment of the applicable withholding taxes by
 providing such amount to the Company in cash prior to the date established by the Company as the deadline for such payment, Participant
 shall be treated as having elected to relinquish to the Company a portion of the Shares that would otherwise have been transferred
 to Participant having a fair market value, based on the Fair Market Value of the Common Stock on the business day immediately preceding
 the date of delivery of the Shares, equal to the amount of such applicable withholding taxes, in lieu of paying such amount to the
 Company in cash. Participant authorizes the Company to withhold in accordance with applicable law from any compensation payable to
 him or her any taxes required to be withheld for federal, state or local law in connection with this Agreement.

6. <u>Legal Requirements</u>. If the listing, registration or qualification of Shares deliverable in respect of an Shares upon any securities
 exchange or under any federal or state law, or the consent or approval of any governmental regulatory body is necessary as a condition
 of or in connection with the issuance of such Shares, the Company shall not be obligated to issue or deliver such Shares unless and
 until such listing, registration, qualification, consent or approval shall have been effected or obtained. If registration is considered
 unnecessary by the Company or its counsel, the Company may cause a legend to be placed on any Shares being issued calling attention
 to the fact that they have been acquired for investment and have not been registered. The Administrator may from time to time impose
 any other conditions on the Shares it deems necessary or advisable to ensure that Shares are issued and resold in compliance with
 the Securities Act of 1933, as amended.

7. <u>Severability</u>.
 Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the
 intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto,
 modified, amended and limited to the extent necessary to render the same valid and enforceable. It is further the parties'
 intent that all provisions not deemed to be overbroad shall be given their full force and effect. You acknowledge that you are freely,
 knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel.

8. <u>Notices</u>.
 Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to
 be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records
 of the Company, or at such other address as either party hereafter may designate in writing to the other. Any such notice shall be
 deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and
 with proper postage and registration or certification fees prepaid.

9. <u>Reservation of Right to Terminate</u>. Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant
 in its applicable capacity as a Service Provider at any time for any reason whatsoever.

10. <u>Choice of Law; Jurisdiction</u>. This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of
 the State of Delaware, without giving effect to any conflicts of law rule or principle that might require the application of the
 laws of another jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED
 SOLELY IN THE COURTS OF THE STATE OF FLORIDA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN LAKE COUNTY, FLORIDA, AND EACH
 PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.

11. <u>Taxes</u>.
 You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding
 of such income or other taxes as may be required by law to be paid or withheld in connection with the Restricted Stock.

\*\*\*

**Exhibit D**

**Form of Restricted Stock Unit Award Agreement**

------

**The Sustainable Green Team, Ltd.** 

**Restricted Stock Unit Award Agreement**

---

| | | |
|:---|:---|:---|
| **Number of Restricted Stock Units** | **Grant Date** | **Vesting Schedule/Performance Period/Performance Vesting Requirements** |

---

The Sustainable Green Team, Ltd. , a Delaware corporation (the "Company"), hereby grants to [_________] (the "Participant", also referred to as "you") the Restricted Stock Units (the "Restricted Stock Units" or "RSUs"), pursuant to the terms of the attached Restricted Stock Unit Award Agreement and the The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this Plan.

***By signing this cover sheet, you agree to all of the terms and conditions described in the attached Restricted Stock Unit Award Agreement and this Plan.***

Participant:   <br> Signature:  

The Sustainable Green Team, Ltd.

By:   <br> Name:   <br> Title:

 ****

***This is not a stock certificate or a negotiable instrument. This grant of RSUs is a***

***voluntary, revocable grant from the Company and Participant hereby acknowledges that the***

***Company has no obligation to make additional grants in the future.***

**UPON RECEIPT OF YOUR SIGNED AGREEMENT, A BOOKKEEPING ENTRY**

**WILL BE ENTERED INTO THE COMPANY'S BOOKS AND RECORDS**

**TO EVIDENCE THE RSUs GRANTED TO YOU.**

1. <u>Award</u>.
 This Restricted Stock Unit Award Agreement (this "Agreement") evidences the grant to Participant on the Grant Date set
 forth on the cover page of this Agreement the Restricted Stock Units as set forth therein (the "Restricted Stock Units"
 or "RSUs") under the The Sustainable Green Team, Ltd. 2022 Equity Incentive Plan (the "Plan"). As used herein,
 the term "Restricted Stock Unit" or "RSU" shall mean a non-voting unit of measurement which is deemed for
 bookkeeping purposes to be equivalent to one outstanding Share solely for purposes of this Plan and this Agreement. The Restricted
 Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such
 Restricted Stock Units vest pursuant to this Award Agreement. The Restricted Stock Units shall not be treated as property or as a
 trust fund of any kind. Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in this
 Plan.

2. <u>Non-Transferability of the RSUs</u>. Your RSUs may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor
 may the RSUs be made subject to execution, attachment or similar process. Except as may be required by federal income tax withholding
 provisions or by the tax laws of any state, your interests (and the interests of your beneficiaries, if any) under this Agreement
 are not subject to the claims of your creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned,
 pledged, anticipated, or encumbered. Any attempt to sell, transfer, alienate, assign, pledge, anticipate, encumber, charge or otherwise
 dispose of any right to benefits payable hereunder shall be void. Your rights to your RSUs are no greater than that of other general,
 unsecured creditors of the Company.

3. <u>Vesting</u>.
 Subject to the terms and conditions set forth in this Agreement, the RSUs covered by this grant shall vest on the vesting date set
 forth on the cover page of this Agreement and subject to the satisfaction or attainment of the performance criteria set forth therein,
 if any, provided the Participant is employed by the Company on the date of vesting. The Administrator may not accelerate vesting
 of Restricted Stock Units for any reason.

4. <u>Dividends</u>.
 Participant shall not be entitled to any cash, securities or property that would have been paid or distributed as dividends with
 respect to the RSUs subject to this Agreement prior to the date the RSUs are delivered to Participant; provided, however, that the
 Company shall keep a hypothetical account in which any such items shall be recorded, and shall pay to Participant the amount of such
 dividends (in cash or in kind as determined by the Company) on the same date that the RSUs to which such payments or distributions
 relate are required to be delivered under this Agreement.

5. <u>Timing and Manner of Payment on RSUs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On
 or as soon as administratively practical following the vesting event pursuant to this Agreement (and in all events not later than
 two and one-half (2½) months after such vesting event), the Company shall deliver to the Participant a number of Shares (either
 by delivering one or more certificates for such Shares or by entering such Shares in book entry form, as determined by the Company
 in its discretion) equal to the number of Shares subject to the RSU that vest on the Vesting Date, less any withholding or expenses
 as set forth herein, or may settle the RSU in cash or other payment as provided in this Plan, as determined by the Administrator.
 The Company's obligation to deliver Shares or otherwise make payment with respect to vested RSUs is subject to the condition
 precedent that the Participant or other person entitled under this Plan to receive any Shares or payment with respect to the vested
 RSUs deliver to the Company any representations or other documents or assurances required pursuant to this Plan. The Participant
 shall have no further rights with respect to any RSUs that are paid or that terminate pursuant to this Agreement or this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Certain Limitations</u>. Notwithstanding the foregoing provisions of this Section 3, delivery of Shares or other payment, if any, with respect
 to RSUs by reason of Participant's termination of employment shall be delayed until the six (6) month anniversary of the date
 of Participant's termination of employment to the extent necessary to comply with Code Section 409A(a)(B)(i), and the determination
 of whether or not there has been a termination of Participant's employment with the Company shall be made by the Administrator
 consistent with the definition of "separation from service" (as that phrase is used for purposes of Code Section 409A,
 and as set forth in Treasury Regulation Section 1.409A-1(h)).

6. <u>Rights of Participant</u>. Participant shall have none of the rights of a stockholder at any time prior to the delivery of any Shares pursuant
 to the RSUs subject to this Agreement, except as expressly set forth in this Plan or herein.

7. <u>Withholding Taxes</u>. Participant shall be responsible to pay to the Company the amount of withholding taxes as determined by the Company with
 respect to the date the RSUs are settled. If Participant does not arrange for payment of the applicable withholding taxes by providing
 such amount to the Company in cash prior to the date established by the Company as the deadline for such payment, Participant shall
 be treated as having elected to relinquish to the Company a portion of the Shares that would otherwise have been transferred to Participant
 having a fair market value, based on the Fair Market Value of the Common Stock on the business day immediately preceding the date
 of delivery of the Shares, equal to the amount of such applicable withholding taxes, in lieu of paying such amount to the Company
 in cash, or an amount in cash if the RSU is settled in cash. Participant authorizes the Company to withhold in accordance with applicable
 law from any compensation payable to him or her any taxes required to be withheld for federal, state or local law in connection with
 this Agreement.

8. <u>Legal Requirements</u>. If the listing, registration or qualification of Shares deliverable in respect of an RSU upon any Securities Exchange
 or any Applicable Requirement, or the consent or approval of any governmental regulatory body is necessary as a condition of or in
 connection with the issuance of such Shares, the Company shall not be obligated to issue or deliver such Shares unless and until
 such Applicable Requirements shall have been effected or obtained. If registration is considered unnecessary by the Company or its
 counsel, the Company may cause a legend to be placed on any Shares being issued calling attention to the fact that they have been
 acquired for investment and have not been registered. The Administrator may from time to time impose any other conditions on the
 Shares it deems necessary or advisable to ensure that Shares are issued and resold in compliance with the Securities Act of 1933,
 as amended.

9. <u>Severability</u>.
 Should a court of competent jurisdiction deem any of the provisions in this Agreement to be unenforceable in any respect, it is the
 intention of the parties to this Agreement that this Agreement be deemed, without further action on the part of the parties hereto,
 modified, amended and limited to the extent necessary to render the same valid and enforceable. It is further the parties'
 intent that all provisions not deemed to be overbroad shall be given their full force and effect. You acknowledge that you are freely,
 knowingly and voluntarily entering into this Agreement after having an opportunity for consultation with your own independent counsel.

10. <u>Notices</u>.
 Any notice to be given to the Company shall be addressed to the Administrator at its principal executive office, and any notice to
 be given to the Participant shall be addressed to the Participant at the address then appearing on the personnel or other records
 of the Company, or at such other address as either party hereafter may designate in writing to the other. Any such notice shall be
 deemed to have been duly given when deposited in the United States mail, addressed as aforesaid, registered or certified mail, and
 with proper postage and registration or certification fees prepaid.

11. <u>Reservation of Right to Terminate</u>. Nothing herein contained shall affect the right of the Company or any Affiliate to terminate the Participant
 in its applicable capacity as a Service Provider at any time for any reason whatsoever.

12. <u>Choice of Law; Jurisdiction</u>. This Grant shall be governed by and construed and interpreted in accordance with the substantive laws of
 the State of Delaware, without giving effect to any conflicts of law rule or principle that might require the application of the
 laws of another jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT SHALL BE INSTITUTED
 SOLELY IN THE COURTS OF THE STATE OF FLORIDA OR THE FEDERAL COURTS OF THE UNITED STATES LOCATED IN LAKE COUNTY, FLORIDA, AND EACH
 PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.

13. <u>Taxes</u>.
 You agree to comply with the appropriate procedures established by the Company, from time to time, to provide for payment or withholding
 of such income or other taxes as may be required by law to be paid or withheld in connection with the RSUs.

\*\*\*

## Exhibit 10.2

**Exhibit 10.2**

**CERTAIN CONFIDENTIAL INFORMATION (MARKED BY BRACKETS AS "[\*\*\*]") HAS BEEN**

**EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II)**

**WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.**

**TERMS SCHEDULE**

**(Process Licensee)**

This Terms Schedule includes factors to be considered by VRM Global Holdings Pty Ltd in respect to the grant of a Sub-License to the person or entity identified below. The Sub-License Agreement attached to this Terms Schedule if it commences operation will allow the Sub- Licensee to produce and to distribute the Outputs identified in Annexure A to the attached Sub- License.

---

| | |
|:---|:---|
| Name of Entity or Person: (The Proposed Sub-Licensee) | The Sustainable Green Team Ltd, a Delaware corporation. |
| Operating Premises Address: | 24200 County Rd 561, Astatula, FL 34705 |
| Telephone Contact Number: | 407-886-8733 |
| Email Contact: | traynor@sgtmltd.com |
| Minimum Annual Input Quantity: | No minimum required |
| Licence Fee | See Schedule 1 to Terms Schedule<br>This licence fee includes the price for the first annual delivery of Inputs purchased from the Sub-Licensor or its nominee. |

---

We, The Sustainable Green Team Ltd hereby apply to be a user of VRM processes and a producer of and distributor of the Outputs described in and on the terms and conditions of the attached Sub-Licence Agreement.

---

| | |
|:---|:---|
|  | ![](ex10-2_001.jpg) |
| Name: | Anthony Raynor |
| Position: | Chief Executive Officer |
| Date: | 08/09/2022 |

---

***Please execute this Terms Schedule and the attached Sub-Licence Agreement and submit a scanned copy of the entire document to: <u>licenses@vrm.science</u>***

 ****

**The attached Sub-Licence Agreement shall <u>not</u> commence operation and shall not be enforceable until executed by both VRM International Pty Ltd and VRM Global Holdings Pty Ltd**©2015 VRM International Pty Ltd *Page i* 

<u>Schedule 1 to Term Schedule</u>

<u>License Fee</u>

In consideration of the Sub-License granted pursuant to this Agreement, Sub-Licensee (herein, "SGTM") shall pay a License Fee as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. <u>License Fee Shares</u>:

Contemporaneously with the execution of this Agreement, SGTM shall issue in the name of Sub- Licensor or its designee 500,000 shares of SGTM common stock (the "License Fee Shares").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. <u>Cash Payments</u>:

The parties understand and acknowledge that SGTM is currently in the process of issuing an initial public offering (the "IPO") within the 2022 calendar year, in order to raise cash for general business operations. Conditioned upon the completion of such IPO, SGTM shall make the following payments (the "Cash Payments"): (a) within ten (10) days of the effective date of such IPO (the "IPO Date") SGTM shall pay to Sub-Licensor the amount of US$500,000; and (b) on the first (1<sup>st</sup>) anniversary of the IPO Date, SGTM shall pay to Sub-Licensor an additional amount of US$500,000.

In either such event where the IPO does not occur or an initial installment of the Cash Payment is not made in full by February 4, 2023, then the Sub-Licensor may, in its sole discretion, terminate this Agreement. Upon such termination, (a) SGTM shall, within thirty (30) days of the date of such termination notice, make payment in full for any Inputs then utilized [at Sub- Licensor's then-market rates] and thereupon hold the balance of any Inputs in its possession in trust for the Sub-Licensor until Sub-Licensor shall make arrangements to recover such Inputs or until an alternative agreement is made between the parties; provided that Sub-Licensor in its sole discretion may propose an alternate arrangement; (b) Sub-Licensor shall provide for the return of the License Fee Shares, and (c) this Agreement shall be terminated, and (except for the provisions that by their nature expressly survive such termination) neither party shall have any further obligation to the other hereunder; provided however, upon or prior to such termination Sub-Licensor may, in its sole discretion, negotiate a revised agreement with SGTM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. <u>Inventory</u>

Sub-licensor (or it's nominee) is to provide Sub-licensee with the following products:

● 11,088 gallons, being 42 containers each holding 264 gallons, of the Inputs used in the manufacture of HumiSoil® having an aggregate value at the recommended retail prices appearing in Annexure K of $[572,880]. These Inputs shall be sufficient to manufacture 50,000 cubic yards of HumiSoil® in accordance with the Manuals and having a finished value at the recommended retail prices appearing in Annexure K of approximately US$[10,000,000].

● 10,032 Gallons, being 38 containers each holding 264 gallons, of others of the Products listed in Annexure K and having an aggregate value at the recommended retail prices appearing in Annexure K of approximately $[475,000]

● 2,000 Cubic Yards of HumiSoil® having a value at the recommended retail price listed in Annexure K of $[380,000]. This product is to be made available for collection by the Sub- Licensee in Colorado.

● 2,640 Gallons, being 10 containers each holding 264 Gallons, of XLR8 Bio® having a value at the recommended retail prices appearing in Annexure K of $[50,000]. This product is to be made available for collection by the Sub-Licensee in Colorado.©2015 VRM International Pty Ltd *Page ii* 

**RESTRICTED**

**SUB-LICENCE AGREEMENT**

DATED THE NINTH DAY OF AUGUST 2022

BETWEEN:

VRM INTERNATIONAL PTY LTD (ACN 136 687155)

('the Head Licensor')

AND:

VRM GLOBAL HOLDINGS PTY LTD (ACN 603 353 933)

('the Sub-Licensor')

AND:

THE PARTY NAMED IN ITEM 1B OF ANNEXURE A TO THIS LICENCE AGREEMENT

('the Sub-Licensee')

---

| | |
|:---|:---|
| ![](ex10-2_002.jpg) | VRM GLOBAL HOLDINGS PTY LTD (ACN 603 353 993) |
| ![](ex10-2_002.jpg) |  |
| ![](ex10-2_002.jpg) | <u>REGISTERED OFFICE</u>: |
| ![](ex10-2_002.jpg) |  |
| ![](ex10-2_002.jpg) | 22-24 Reward Crescent Bohle, QLD 4818 Australia |
| ![](ex10-2_002.jpg) |  |
| ![](ex10-2_002.jpg) | Contact: Ken Bellamy |
| ![](ex10-2_002.jpg) |  |
| ![](ex10-2_002.jpg) | Tel: +61413116622 |

---

©2015 VRM International Pty Ltd *Page iii* 

---

| | |
|:---|:---|
| SUB-LICENCE AGREEMENT dated this 9<sup>th</sup> day of August 2022 | SUB-LICENCE AGREEMENT dated this 9<sup>th</sup> day of August 2022 |
| **PARTIES:** | **VRM INTERNATIONAL PTY LTD (ACN 136 687 155)** of 22-24 Reward Crescent Bohle QLD, 4818 Australia **('the Head Licensor')** |
| **AND:** | **VRM GLOBAL HOLDINGS PTY LTD (ACN 603 353 933)** of 22-24 Reward Crescent Bohle QLD, 4818 Australia **('the Sub-Licensor')** |
| **AND:** | **THE PARTY NAMED IN ITEM 1B OF ANNEXURE A TO THIS LICENCE AGREEMENT ('the Sub-Licensee')** |

---

**BACKGROUND**

A. The
 Head Licensor:

(i) is
 a company incorporated in Australia.

(ii) is
 a wholly owned subsidiary of the Sub-Licensor (a company incorporated in Australia).

B. The
 Sub-Licensor is a licensee of the Head Licensor in respect to use of the Rights.

---

| | |
|:---|:---|
| **DEFINITIONS** |  |
| **Applications Manual** | means the manual attached hereto as Annexure E. |
| **Authority** | means any applicable government, council, local authority or other statutory authority or department. |
| **Breach Notice** | means a notice given under clause 19. |
| **Consequential Loss** | means any of the following: |
| (a) | loss of revenue; |
| (b) | loss of profits; |
| (c) | loss of opportunity to make profits; |

---

©2015 VRM International Pty Ltd *Page iv* 

---

| | | |
|:---|:---|:---|
|  | (d) | loss of business; |
|  | (e) | loss of business opportunity; |
|  | (f) | loss of use or amenity, or loss of anticipated savings; |
|  | (g) | special, exemplary or punitive damages; and |
|  | (h) | any loss which does not directly and naturally flow in the normal course of events from the occurrence of the event giving rise to the liability for such loss, whether or not such loss was in the contemplation of the parties at the time of entry into this Licence Agreement, |
|  | including without limitation any of the above types of loss arising from an interruption to a business or activity. | including without limitation any of the above types of loss arising from an interruption to a business or activity. |
| **Controller** | means a liquidator, administrator, receiver, receiver and manager, mortgagee in possession or other external controller appointed by virtue of the laws of insolvency or appointed by a creditor, by the Sub-Licensee or by the holder of security over the assets of the Sub-Licensee. | means a liquidator, administrator, receiver, receiver and manager, mortgagee in possession or other external controller appointed by virtue of the laws of insolvency or appointed by a creditor, by the Sub-Licensee or by the holder of security over the assets of the Sub-Licensee. |
| **Date hereof** | means the date appearing at the top of page 1 hereof. | means the date appearing at the top of page 1 hereof. |

---

©2015 VRM International Pty Ltd *Page v* 

---

| | |
|:---|:---|
| **Exceptional Circumstance** | means a circumstance beyond the reasonable control of the parties which results in a party being unable to observe or perform on time an obligation under this Licence Agreement, provided such event is not due to such party's sole negligence. Such circumstances include: |
| (a) | adverse changes in government regulations; |
| (b) | any disaster or act of God, epidemic or pandemic, lightning strikes, atmospheric disturbances, earthquakes, floods, storms, explosions, fires and any natural disaster; |
| (c) | acts of war, acts of public enemies, terrorism, riots, civil commotion, malicious damage, sabotage and revolution, cyber-attacks, viruses or malware, data loss as a result of the actions of a third party; |
| (d) | strikes or industrial disputes; |
| (e) | materials or labour shortage; and |
| (f) | acts or omissions of any third party network providers (such as.internet, telephony or power provider), |
|  | but does not include lack of finances. |
| **Head Licence** | means the licence agreement between the Head Licensor and Sub-Licensor dated 3 March 2017. |
| **Head Licensor** | means VRM International Pty Ltd (ACN 136 687 155). |
| **Inputs** | means the products identified in Item 4(a) of Annexure A. |
| **Intellectual Property** | means collectively all of the intellectual property (including without limitation the rights attaching to marks, patent rights, copyright and design rights) being the property of the Licensor and attaching to the Patents, Marks, Recipes, Materials, Media and Manuals (and the processes therein) as referred to in clause 1 hereof, and includes this Licence Agreement. |

---

©2015 VRM International Pty Ltd *Page vi* 

---

| | | |
|:---|:---|:---|
| **Law** | means any statute, rule, regulation, proclamation, order in council, ordinance, local law or by-law, whether: | means any statute, rule, regulation, proclamation, order in council, ordinance, local law or by-law, whether: |
|  | (a) | present or future; or |
|  | (b} | State, federal or otherwise. |
| **Liability** | means any liability, debt or obligation, whether actual, contingent or prospective, present or future, qualified or unqualified or incurred jointly or severally with any other person. | means any liability, debt or obligation, whether actual, contingent or prospective, present or future, qualified or unqualified or incurred jointly or severally with any other person. |
| **Licence Agreement** | means this Sub-License Agreement. | means this Sub-License Agreement. |
| **Licence Fee** | Means the Licence Fee referred to in Item 6 of Annexure A. | Means the Licence Fee referred to in Item 6 of Annexure A. |
| **Loss** | means any loss (including without limitation Consequential Loss), claims, actions, liabilities, damages, expenses, diminution in value or deficiency of any kind whether direct, indirect, consequential or otherwise. | means any loss (including without limitation Consequential Loss), claims, actions, liabilities, damages, expenses, diminution in value or deficiency of any kind whether direct, indirect, consequential or otherwise. |
| **Manuals** | means the Process Manual and the Applications Manual. | means the Process Manual and the Applications Manual. |
| **Marks** | means the marks, names, brands, logos, barcodes and devices set out in Annexure C hereto. | means the marks, names, brands, logos, barcodes and devices set out in Annexure C hereto. |
| **Master Licensee** | Means the entity appointed by the Head Licensor from time to time to administer the terms of this agreement in the Territory. | Means the entity appointed by the Head Licensor from time to time to administer the terms of this agreement in the Territory. |
| **Materials** | means the labels, brochures, pamphlets, technical reports, case studies and other documents written, auditory or digital for use in promotion of the Products and being the items set out in or referred to in Annexure H. | means the labels, brochures, pamphlets, technical reports, case studies and other documents written, auditory or digital for use in promotion of the Products and being the items set out in or referred to in Annexure H. |

---

©2015 VRM International Pty Ltd *Page vii* 

---

| | |
|:---|:---|
| **Media** | means all of the domain names, websites and other digital media set out in Annexure I hereto. |
| **Outputs** | means the products identified in Item 5 of Annexure A. |
| **Patents** | means the registered patents set out in the Patent Schedule. |
| **Process Manual** | means the manual attached hereto as Annexure F. |
| **Products** | means collectively the Inputs and the Outputs. |
| **Recipes** | means the recipes and processes described in the documents attached as Annexure D. |
| **Rights** | means the rights and entitlements set out in Annexure B. |
| **Sub-Licensee** | means the person referred to in Item 1B of Annexure A. |
| **Sub-Licensor** | means the person referred to in Item 1A of Annexure A. |
| **Tax** | means any Goods and Services Tax, Value Added Tax, Stamp Duty and other taxes, duties or imposts imposed by an Authority on a vendor, seller, purchaser or buyer in respect to the supply, provision, sale, distribution or purchase of goods or services or like transactions. |
| **Termination Notice** | means a notice given in accordance with clauses 19 or 20. |
| **Terms Schedule** | means the Terms Schedule attached to the Licence Agreement and signed on behalf of the Sub-Licensee. |
| **Territory** | means the Territory referred to in Item 8 of Annexure A. |
| **VRM Entity** | means any or all of VRM Global Holdings Pty Ltd, VRM International Pty Ltd, VRM Biologik Pty Ltd, VRM Biologik Inc. |

---

©2015 VRM International Pty Ltd *Page viii* 

**INTERPRETATION**

---

| | |
|:---|:---|
| In this Licence Agreement, unless the subject or context otherwise requires: | In this Licence Agreement, unless the subject or context otherwise requires: |
| (a) | a reference to 'dollar' or'$' is a reference to the currency of Australia where the address of the Sub-Licensee as set out in item 2 of Annexure A is located within Australia and to the currency of the United States of America where the address of the Sub-Licensee as set out in item 2 of Annexure A is located outside Australia. |
| (b) | words importing the singular include the plural and vice versa; |
| (c) | words importing natural persons include corporations, firms, unincorporated associations, partnerships, trusts and any other entities recognized by law and vice versa; |
| (d) | if a word or phrase is defined, other parts of speech and grammatical forms of that word or phrase have corresponding meanings; |
| (e) | reference to this Licence Agreement is also a reference to all of its annexures; |
| (f) | reference to clauses and annexures are references to clauses and annexures of this Licence Agreement; |
| (g) | a reference to a time of day is a reference to that time of day in Queensland, Australia; |
| (h) | a reference to a market is a reference to any legal market for the sale of goods and services in any jurisdiction whether online or otherwise; |
| (i) | references to any statutory enactment or law must be construed as reference to that enactment or law as amended or modified or re-enacted from time to time and to the corresponding provisions of any similar enactment or law of any other relevant jurisdiction; |
| j) | a construction that would promote the purpose or object underlying this Licence Agreement is to be preferred to a construction that would not promote that purpose or object; |
| (k) | headings are for the purpose of convenient reference only and do not form part of this Licence Agreement or affect its construction or interpretation; and |
| (I) | no rule of construction applies to the disadvantage of a party because that party was responsible for the preparation of this Licence Agreement or any part of it. |

---

©2015 VRM International Pty Ltd *Page ix* 

**OPERATIVE PART**

**<u>Intellectual Property and Rights</u>**

1. The
 Head Licensor warrants that, and the Sub-Licensor and Sub-Licensee acknowledge that the Head Licensor:

(a) has
 the ability and capacity to permit the Sub-Licensor to exercise the Rights;

(b) is
 the owner of the Patents;

(c) is
 the owner of the Marks;

(d) is
 the owner of the Media;

(e) is
 the owner of the Recipes; and

(f) is
 the owner of the Manuals set out in Annexures E and F and of the processes described therein.

2. (a) This
 Licence Agreement and its operation do not vest in the Sub-Licensee any interest of any nature in any of the Intellectual Property;

(b) The
 Head Licensor hereby indemnifies the Sub-Licensee in respect to any Loss sustained or claim arising as a result of a breach of the
 Head Licensor's warranty as to its ability and capacity to deal with the Intellectual Property;

(c) By
 the Head Licence the Head Licensor has given permission to the Sub- Licensor to enter into this Licence Agreement with the Sub-Licensee.

3. (a) In
 consideration of and subject at all times to the continued fulfillment and proper performance by the Sub-Licensee of its obligations
 as set out in this Licence Agreement, the Head Licensor and the Sub-Licensor permit the Sub-Licensee to exercise the Rights in the
 Territory for the period commencing on the Date hereof and ending on the date specified at Item 3 of Annexure A.

(b) The
 Sub-Licensee shall only exercise the Rights for a purpose that is in accordance with this Licence Agreement.©2015 VRM International Pty Ltd *Page x* 

4. The
 permission given by the Head Licensor and Sub-Licensor to the Sub-Licensee to exercise the Rights and any other entitlements of the
 Sub-Licensee arising pursuant to this Licence Agreement does not restrict or limit in any manner whatsoever the ability and capacity
 of the Sub-Licensor, or of the Head Licensor, or of any VRM Entity to:

(a) also
 use and exercise the Rights for their own purposes and to sell the Products in any market, territory or jurisdiction; or

(b) permit
 another person to exercise the Rights and to sell the Products in any market, territory or jurisdiction.

5. (a) The
 Rights to manufacture of any of the Outputs (being those rights identified in item (v), (vi), (vii) and (viii) in Annexure B) may
 only be exercised by the Sub- Licensee at the premises, or upon the land specified at Item 2 of Annexure A. Sub-Licensor shall provide
 Sub-Licensee with reasonable assistance as necessary to implement Sub-Licensee's contract manufacturing arrangements, including
 associated process training and assistance with quality assurance.

(b) The
 Sub-Licensee may apply to both the Sub-Licensor and the Head Licensor for written permission to exercise the Rights at another place
 or location;

(c) The
 Sub-Licensee may promote, advertise and sell the Outputs in the Territory only, and shall be otherwise permitted to exercise those
 rights with regard to the Territory as described section 8 of Annexure A.

(d) By
 exercising any of the Rights, the Sub-Licensee agrees to the implementation of quality control and inspection protocols implemented
 from time to time by the Sub-Licensor including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Physical
 inspection of the premises or the land specified at Item 2 of Annexure A by the Master Licensee (if one is appointed), the Sub- Licensor
 or its nominee at any time provided that notification of any such inspection shall be given by the Sub-Licensor or its nominee to
 the Sub- Licensee no less than 48 hours prior to any such inspection, to ensure the Sub-Licensee's compliance with the Manuals,
 and the Sub-Licensee shall take all steps necessary to facilitate any access required by the Head Licensor and Sub-Licensor in this
 respect. If the Head Licensor or Sub- Licensor reasonably considers the Sub-Licensee has failed to comply with the Manuals then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the
 Head Licensor, Sub-Licensor or Master Licensee (as applicable) must provide the Sub-Licensee with a written notice, detailing the
 particulars of the Sub-Licensee's non-compliance with the Manuals and requiring the Sub-Licensee to remedy the breach; and
 — -

(B) the
 Sub-Licensee must rectify the alleged non-compliance within thirty (30) days of receiving the notification under clause 5(d)(l)(A).

(II) Supply
 by the Sub-Licensee to the Master Licensee, Sub-Licensor or its nominee, upon request in writing by digital or manual means and within
 7 days of the date of such request, of a detailed production list and product inventory for all of the Outputs manufactured by the
 Sub-Licensee which includes production batch identification numbers, volume produced, date of production and descriptive information
 which identifies the source of all input materials used in the production process.

(III) Supply
 by the Sub-Licensee to the Master Licensee, Sub-Licensor or its nominee, upon request in writing by digital or manual means and within
 7 days of the date of such request, of samples of no less than 1 Litre volume of any batch of any of the Outputs manufactured by
 the Sub- Licensee provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Dispatch
 of samples so requested by a recognised carrier shall constitute supply in accordance with this clause.

(ii) Shipping
 costs for the supply of any such samples shall be shared equally by the Sub-Licensor and the Sub-Licensee.©2015 VRM International Pty Ltd *Page xi* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Sub-Licensor or its nominee shall provide, in the request for samples, an address to which the samples shall be sent.

(IV) Immediate
 implementation of the provisions of clause 19 by the Sub- Licensor should the Sub-Licensee fail to comply with any part of this clause

---

| | |
|:---|:---|
| 6. | The Head Licensor may at its sole discretion, and at any time remove, delete, replace, substitute or amend any of the Marks, Materials, Recipes, Media and Manuals by written notice to the Sub-Licensee. Following removal, deletion, replacement, substitution or amendment of a Mark, Materials, Manual or Recipe by the Head Licensor, the Sub- Licensee: |
| (a) | shall only use the Marks, Materials, Media, Manuals or Recipes as substituted or amended; |
| (b) | shall immediately cease using any Mark, Material, Media, Recipe or Manual, or part thereof, that has been removed, replaced or deleted; and |
| (c) | acknowledges that all the Marks, Materials, Manuals, Media or Recipes as removed, deleted, replaced, substituted or amended shall form part of or continue to form part of the Intellectual Property. |
| 7. (a) | The Sub-Licensee shall not amend or alter any of the Inputs, Outputs, Products, Marks, Materials, Media, Recipes, or any of the processes as described in any of the Manuals except as permitted by this Licence Agreement. |
| (b) | It is agreed by the Sub-Licensee that any amendment or alteration of a Mark, the Materials, Media, Recipe, or process in a Manual in breach of clause ?(a): |
| (I) | shall in any event be the property of the Head Licensor; and |
| (II) | shall form part of the Intellectual Property. |

---

©2015 VRM International Pty Ltd *Page xii* 

**<u>Sales, Marketing and Production</u>**

---

| | |
|:---|:---|
| 8. | The Sub-Licensee may promote, advertise and sell the Outputs in the Territory provided that: |
| (a) | The Sub-Licensee has fully complied with the provisions of Clause 5; |
| (b) | The Sub-Licensor shall have the option to purchase, subject to availability as determined by the Sub-Licensee, up to 100 % of the volume of each batch of the Outputs produced by the Sub-Licensee at the Buy-Back Price listed in item 4 (d) of Annexure A . If the Sub-Licensor exercises its option under this clause 8(b): |
| (I) | the Sub-Licensee must sell the Outputs to the Sub-Licensor for the Buy- Back Price listed in item 4 (d) of Annexure A; and |
| (II) | make the Outputs available for collection at the Sub-Licensee's premises or the land specified at Item 2 of Annexure A. |
|  | Sub-Licensor shall assign to Sub-Licensee any right Sub-Licensee may have within the Territory with respect to the repurchase of Outputs produced by other manufacturers. In addition, Sub-Licensor may from time to time provide Sub- Licensee with an option (exercisable upon written notice provided with 10 days of written notice of such option) to take up similar rights over Outputs from licensed processors in areas inside the USA and outside of the Territory. |
| (c) | In promoting and advertising the Outputs the Sub-Licensee shall use the Materials and may use the Media; |
| (d) | The Sub-Licensee shall not promote, advertise or sell the Inputs in any circumstance, without the written permission of the Sub-Licensor; provided however, Sub-Licensee may [subject to Section 9(a) below] create media content concerning the Outputs and distribute such media content outside of the Territory without violating this Agreement; |
| (e) | The Sub-Licensee shall not in any market, territory or jurisdiction: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) affix
 any Mark to a product or other item that is not an Output; or

(II) utilise
 any of the Material or Media to promote and advertise any product or other item that is not an Output;©2015 VRM International Pty Ltd *Page xiii* 

---

| | | |
|:---|:---|:---|
| 9. | (a) The Sub-Licensee shall be responsible for the planning of, content of, and cost of all promotions and advertising used for the purpose of selling the Outputs and shall submit all associated content, media or material to Sub-Licensor for its approval, which approval shall not be unreasonably withheld. ; | (a) The Sub-Licensee shall be responsible for the planning of, content of, and cost of all promotions and advertising used for the purpose of selling the Outputs and shall submit all associated content, media or material to Sub-Licensor for its approval, which approval shall not be unreasonably withheld. ; |
|  | (b) The Master Licensee, Sub-Licensor and the Head Licensor shall not be liable for the cost of any promotional or advertising activities conducted by the Sub-Licensee in promoting the sale of the Outputs: | (b) The Master Licensee, Sub-Licensor and the Head Licensor shall not be liable for the cost of any promotional or advertising activities conducted by the Sub-Licensee in promoting the sale of the Outputs: |
|  | (c) The Sub-Licensee hereby indemnifies the Head Licensor, the Sub-Licensor and each VRM Entity for any and all Loss incurred by any of them and in respect to any claim (including the costs arising therefrom) brought against the Head Licensor, the Sub- Licensor or any VRM Entity because of any promotion or advertising conducted by the Sub-Licensee except when such promotion or advertising was expressly approved by the Sub-Licensor; | (c) The Sub-Licensee hereby indemnifies the Head Licensor, the Sub-Licensor and each VRM Entity for any and all Loss incurred by any of them and in respect to any claim (including the costs arising therefrom) brought against the Head Licensor, the Sub- Licensor or any VRM Entity because of any promotion or advertising conducted by the Sub-Licensee except when such promotion or advertising was expressly approved by the Sub-Licensor; |
|  | (d) The Sub-Licensee hereby indemnifies the Head Licensor, the Sub-Licensor, and each VRM Entity for any and all Loss incurred by any of them and in respect to any claim (including the costs arising therefrom) brought against the Head Licensor, the Sub- Licensor or any VRM Entity arising directly or indirectly from: | (d) The Sub-Licensee hereby indemnifies the Head Licensor, the Sub-Licensor, and each VRM Entity for any and all Loss incurred by any of them and in respect to any claim (including the costs arising therefrom) brought against the Head Licensor, the Sub- Licensor or any VRM Entity arising directly or indirectly from: |
|  | (I) | any breach by the Sub-Licensee of this Licence Agreement; |
|  | (II) | any injury to person or property arising from misuse or misapplication by the Sub-Licensee (or its agent) of any Recipe or process in a Manual or arising from sale by the Sub-Licensee of defective Outputs; |
|  | (111) | the negligent or acts or omissions of the Sub-Licensee or its personnel; |
|  | (IV) | the Sub-Licensee's alleged infringement of a third party's intellectual property rights; and |
|  | (V) | breach of applicable Law from time to time; and |
|  | (e) The Sub-Licensee agrees that the Head Licensor has the right, capacity and standing to enforce the indemnities in this clause 9 on behalf of each VRM Entity. | (e) The Sub-Licensee agrees that the Head Licensor has the right, capacity and standing to enforce the indemnities in this clause 9 on behalf of each VRM Entity. |

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©2015 VRM International Pty Ltd *Page xiv* 

10. (a) The
 Recipes are the only recipes and the Manuals contain the only processes that can be used by the Sub-Licensee in production of the
 Outputs. Sub-Licensor shall provide reasonable assistance to Sub-Licensee with respect to the proper use of the Recipes and the Products
 generally, and will also provide training assistance in proper use of the Products to Sub-Licensee's distribution partners.
 All training with respect to Sub-Licensee's distribution partner shall occur within ninety (90) days of the date each such
 partner enters into a distribution agreement. The parties may from time to time agree to conduct training seminars and similar events,
 which arrangement shall be memorialized in a separate, written agreement duly signed by both parties.

The Sub-Licensee is not permitted to apply the Marks to any Output not produced in accordance with a Recipe and/or a process in a Manual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) The
 Head Licensor and the Sub-Licensor (and their appointed agents including the Master Licensee) shall, upon request and approval of
 the Sub-Licensee, monitor the use and exercise by the Sub-Licensee of the Rights and non-financial records of the Sub-Licensee related
 to the use and exercise of the Rights;

(II) The
 Sub-Licensee undertakes and promises to fully co-operate with the Head Licensor and the Sub-Licensor (and their agents including
 the Master Licensee) in respect to any inspection or monitoring referred to in clause 10(c)(i) above;

(Ill) The
 Sub-Licensee hereby, upon request, gives permission to the Head Licensor and the Sub-Licensor and the Master Licensee to enter any
 of the Sub-Licensee's premises, including upon request the premises and/or land specified at Item 2 of Annexure A for the purposes
 set out in clause 10(c)(i) above.

11. (a) The
 use of the Marks and the Materials by the Sub-Licensee shall be in the manner prescribed in Annexure C and Annexure H respectively
 or otherwise in writing from time to time by the Head Licensor.

(a) The
 Sub-Licensee may apply to the Head Licensor to amend Annexure C or H in respect to the inclusion of further marks or materials or
 in respect to the permitted use of a Marks or Materials.

(b) Any
 Mark included in Annexure C or Materials included in Annexure **H** following an application by the Sub-Licensee shall form part
 of the Intellectual Property.©2015 VRM International Pty Ltd *Page xv* 

**<u>Licence Fees, Input Prices and Tax</u>**

12. (a) Upon
 the Date hereof the Sub-Licensee shall pay to the Master Licensee (if one is appointed) or to the Sub-Licensor (or its nominee) the
 Licence Fee set out at Item 6 of Annexure A.

13. (a) The
 Sub-Licensee must purchase from the Master Licensee (if one is appointed) or from the Sub-Licensor (or its nominee) during each year
 commencing from the Date hereof, not less than the quantity of Inputs set out in Item 4(b) at the price set out in Item 4(c) of Annexure
 A.

(b) Any
 increase in the prices of the Inputs to be purchased by the Sub-Licensee during the currency of this Licence Agreement shall not
 exceed the increase in the Australian Consumer Price Index from the Date hereof and shall be notified in writing to the Sub-Licensee.

(c) Any
 increase in the prices of the Outputs to be purchased by the Sub-Licensor (or its nominee) during the term of this License Agreement
 shall be notified in writing to the Sub-Licensor 15 days prior to that increase. The increases will be solely based on the discretion
 of the Sub-Licensee and shall not exceed the increase in the US Consumer Price Index from the Date hereof unless otherwise agreed
 upon with Sub-Licensor.

(d) The
 Sub-Licensee shall be solely responsible for any and all Tax applicable to this Licence Agreement and payable in respect to any transaction
 arising or contemplated by this Licence Agreement.

**<u>Confidentiality</u>**

14. <u>During the</u> term of this Agreement, the Sub-Licensee may have access to confidential information relating to such matters as Sub-Licensor's
 business, trade secrets, systems, procedures, manuals, products, contracts, personnel, and clients. As used in this Agreement, **"Confidential Information"** means information belonging to the Sub- Licensor which is of value to such party and the disclosure of which
 could result in a competitive or other disadvantage to Sub-Licensor, including, without limitation, any non- public information concerning
 the Inputs, Outputs, Products and Manuals, financial information, business practices and policies, know-how, trade secrets, market
 or sales information or plans, customer lists, business plans, business processes, and all provisions of this Agreement. Sub-Licensee
 will protect Sub-Licensor's Confidential Information with at least the same degree of care it uses with respect to its own
 Confidential Information, and will not use such Confidential Information other than in connection with its obligations hereunder.

15. All
 elements of the Intellectual Property as well as all Confidential Information shall be kept strictly confidential by the Sub-Licensee.
 This obligation of confidentiality does not apply to information,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) which
 is publicly known;

(b) which
 the Sub-Licensee can prove was in its possession at the Date hereof;

(c) which
 is developed independently by the other party without reliance on any of the confidential information; or

(d) which
 the Sub-Licensee has received from a person who was not subject to an obligation of confidentiality.

16. The
 Sub-Licensee must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) impose
 the obligations of confidentiality set out in clauses 14 and 15 on all of its employees, agents, affiliates and distributors;

(b) except
 as contemplated by this Licence Agreement or expressly agreed by the Master Licensee, Head Licensor or Sub-Licensor (as applicable)
 in writing to the contrary, the Sub-Licensee must not reverse engineer, decompile, disassemble, analyse, derive or otherwise attempt
 to learn, by inspection or otherwise any underlying composition, combination, method, process or ingredients of any of the Confidential
 Information;©2015 VRM International Pty Ltd *Page xvi* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ensure
 that all Confidential Information in the custody of the Sub-Licensor is protected at all times from unauthorised access or use by
 a third party, and from misuse, damage or destruction by any person; and

(d) on
 demand, return to the Master Licensee, Head Licensor or the Sub-Licensor (as applicable) any Confidential Information supplied by
 the other party in connection with this Licence Agreement.

**<u>Termination</u>**

17. This
 Licence Agreement terminates at midnight on the date specified at Item 3 of Annexure A, unless it is terminated at an earlier date:

---

| | |
|:---|:---|
| (a) | by written agreement between the parties; or |
| (b) | by the operation of clauses 19, 20, 22 or 23. |
| 18. (a) | If at any time the Sub-Licensee is in breach of any of the terms or conditions of this License Agreement, the Sub-Licensor may give a Breach Notice to the Sub- Licensee specifying the nature of the breach and requiring the Sub-Licensee to remedy the breach. |
|  | (b) If at any time the Sub-Licensor is in breach of any of the terms or conditions of this License Agreement, the Sub-Licensee may give a Breach Notice to the Sub-Licensor specifying the nature of the breach and requiring the Sub-Licensor to remedy the breach. |
|  | (c) If after thirty (30) days from the giving of a Breach Notice the Sub-Licensee or Sub- Licensor has not remedied the breach, the Sub-Licensor or Sub-Licensee may immediately terminate this Licence Agreement by way of a Termination Notice effective upon receipt by the Sub-Licensee or the Sub-Licensor. |

---

19. Notwithstanding
 clause 19, it is agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) \*\*a
 breach by the Sub-Licensee of the obligations in clauses 7 or 23 is a breach incapable of remedy by the Sub-Licensee. Upon a breach
 of clauses 7 or 23 by the Sub-Licensee, the Sub-Licensor may immediately terminate this Licence Agreement by way of Termination Notice
 effective upon receipt by the Sub- Licensee; and©2015 VRM International Pty Ltd *Page xvii* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 appointment of a Controller to all or any part of the assets and undertaking of the Sub-Licensee, entitles the Sub-Licensor to immediately
 terminate this Licence Agreement by way of Termination Notice effective upon receipt by the Sub Licensee or the Controller.

20. Upon
 termination of this Licence Agreement for any reason whatsoever:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Sub-Licensee shall immediately cease to use and exercise any of the Rights and shall deliver to the Sub-Licensor (or its nominee)
 all copies of the Annexures, the Materials, the Recipes, the Manuals and all documents bearing any of the Marks, provided Sub-Licensee
 may sell all Outputs it has produced prior to the date of such termination in the ordinary course of its business; and

(b) the
 Sub-Licensee shall remain:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) bound
 to comply with the requirements of clauses 15, 16 and 17; and

(II) subject
 to the indemnities in clause 9.

21. If
 the Head Licence is terminated prior to the expiration of this Licence Agreement then at the option of the Head Licensor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) this
 Licence Agreement may be terminated by notice in writing from the Sub- Licensee to the Head Licensor immediately effective upon receipt
 by the Head Licensor; or

(b) if
 the Sub-Licensee does not terminate this Licence Agreement pursuant to sub- clause 22(a) then this Licence Agreement shall continue
 until its expiration in accordance with clause 3(a), on the following basis:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) this
 Licence Agreement shall forthwith be construed as a licence agreement between Head Licensor and Sub-Licensee;©2015 VRM International Pty Ltd *Page xviii* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) the
 Head Licensor shall be subrogated to all of the rights and entitlements of the Sub-Licensor and shall be entitled to enforce this
 Licence Agreement as if it is the Sub-Licensor; and

(III) all
 warranties, covenants and undertakings given by the Sub-Licensee to the Sub-Licensor shall be for the benefit of and enforceable
 by the Head Licensor.

**<u>Assignment and Sub-Licences</u>**

22. (a) The
 Sub-Licensee shall not transfer or assign or attempt to transfer or assign any of the Rights or the benefit of this Licence Agreement
 to any person without the prior written approval of both the Head Licensor and the Sub-Licensor. Any such transfer or assignment
 without such written approval is void.

**<u>Legal Relationship</u>**

---

| | |
|:---|:---|
| 23. | This Licence Agreement does not constitute a partnership between the parties. The Sub-Licensee is not an employee of the Head Licensor or the Sub-Licensor or the Master Licensee. |
| 24. | Each party may not act in the name of or to the account of the other party, save as expressly permitted by this Licence Agreement. |
| 25. | **<u>Schedules and Annexures</u>** |
|  | This Licence Agreement includes the following Schedules and Annexures: Terms Schedule |
|  | Patent Schedule |
|  | Annexure A - the Items Schedule |
|  | Annexure B - the Rights |
|  | Annexure C - the Marks |
|  | Annexure D - the Recipes |
|  | Annexure E - the Applications Manual |
|  | Annexure F - the Process Manual |
|  | Annexure G - the Inputs |
|  | Annexure H - the Materials |
|  | Annexure I - the Media |
|  | Annexure J - the Outputs |
|  | Annexure K - the Prices |
|  | These Schedules and Annexures are an integral part of this Licence Agreement. |
| 26. | **<u>Entirety, Variation</u>** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Save
 as provided in this clause 27, this Licence Agreement constitutes the entire agreement between the parties in respect to its subject
 matter. Any agreement, representation, statement of will or knowledge or any other circumstance of legal relevance made or having
 occurred before or at the Date hereof loses any and all effect upon the signing of this Licence Agreement by its parties; and

(b) Any
 variation to this Licence Agreement shall be without effect and unenforceable by any party unless rendered into writing and duly
 executed by the parties hereto.

---

| | |
|:---|:---|
| 27. | **<u>Waiver</u>** |
|  | No act or omission by a party may be deemed to be a waiver of any entitlement, obligation or liability arising under the Licence Agreement unless such waiver is acknowledged in writing by the parties hereto. |

---

©2015 VRM International Pty Ltd *Page xix* 

28.  **<u>Notices</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any
 communication to be given under this Licence Agreement or which is to be made according to the law may be made by email to the email
 addresses of the parties set out in Item 7 of Annexure A and shall be deemed to be served by 8.00pm on the day it is sent to the
 address of the other party as stated in Annexure A:

(b) Any
 change of email address shall be communicated to the other party in writing in accordance with clause 29(a).

---

| | |
|:---|:---|
| 29. | **<u>Severability</u>** |
|  | If any provision of this Licence Agreement becomes invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. |

---

**<u>Governing Law and Dispute resolution</u>**

30. The
 parties undertake to use every effort to amicably settle all disputes arising out of or in connection with this Licence Agreement
 and may by agreement engage in formal mediation for that purpose.

31. Any
 legal proceeding between the parties in respect to the subject matter of this Licence Agreement, its performance and/or its terms
 and conditions must be commenced in a court or tribunal of competent jurisdiction situated in the State of Florida in the United
 States of America.

**<u>Prior Agreements</u>**

32. The
 Sub-Licensor and the Sub-Licensee agree that upon the execution of this Licence Agreement, any and all prior agreements between them
 in respect to the Rights and/or the Intellectual Property shall be thereby immediately terminated.

**<u>Liability</u>**

33. To
 the full extent permitted by Law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) neither
 party will be Liable for Consequential Loss in connection with this Licence Agreement; and

(b) any
 term which would otherwise be implied into this Licence Agreement is excluded.©2015 VRM International Pty Ltd *Page xx* 

34. Unless
 otherwise specified, neither party is liable to third parties regarding, or arising out of or in connection with, this Licence Agreement.

35. In
 the event any Law implies or imposes terms into this Licence Agreement which cannot be lawfully excluded, such terms will apply,
 save that the liability of each of the Head Licensor and Sub-Licensor for breach of any such term will be limited in accordance with
 clause 36.

36. If
 the Head Licensor or Sub-Licensor is found Liable in connection with this Licence Agreement (whether in contract, tort, or statute):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 party's Liability shall be limited (at the option of the other party) to any one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) re-supplying
 the goods or services to which the Liability relates or the supply of equivalent goods or services; or

(II) reimbursing
 the other party for paying someone else to supply the goods or services which the Liability relates; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) irrespective
 of anything else in this Licence Agreement, that party's cumulative Liability in the aggregate (to the fullest extent permitted
 by Law) shall in no event exceed the Licence Fee.

**<u>Insurance</u>**

37. The
 Sub-Licensee must effect and maintain (or be insured under) all of the following insurances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) public
 and products liability insurance to the value of at least $5 million, for the duration of this Licence Agreement, covering the Sub-Licensee
 for its liabilities to third parties for bodily injury and/or illness (including death at any time resulting therefrom) and loss
 of or damage to tangible property, caused by, arising out of, or in connection with the negligent performance of any obligation or
 the exercise of any right under this Licence Agreement, including in respect of the manufacture, processing, alteration, repair,
 installation, supply, distribution or sale of any product by the Sub-Licensee; and

(b) workers'
 compensation insurance or registrations as required by law.©2015 VRM International Pty Ltd *Page xxi* 

**<u>Force Majeure</u>**

38. If
 a party **(Affected Party):** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is
 prevented from, or delayed in, performance an obligation (other than an obligation of the Sub-Licensee to pay money) by an event
 of Exceptional Circumstance; and

(b) the
 Affected Party as soon as possible after the event of Exceptional Circumstance notifies the other party providing particulars of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the
 event of Exceptional Circumstance;

(8) the
 anticipated period of delay; and

(C) the
 action (if any action is reasonably possible) the Affected Party intends to take to mitigate the effect of the delay,

---

| | |
|:---|:---|
|  | then those obligations of the Affected Party are suspended for the duration of the event of Exceptional Circumstance. |
| 39. | The party which is not the Affected Party must use all reasonable endeavors to remove or mitigate its Loss arising from, and the effects of, the event of Exceptional Circumstance. |
| 40. | The parties agree that to the extent applicable, this Licence Agreement is varied to the extent necessary, but only to the extent necessary to comply with any mandatory requirements of 'The Franchising Code of Conduct' as established by the *Competition and Consumer (Industry Codes* - *Franchising) Regulations 2014.* |

---

©2015 VRM International Pty Ltd *Page xxii* 

**PATENT SCHEDULE**

**to the Licence Agreement between VRM International Pty Ltd (ACN 136 687 155) and the parties named in Item 1A and 1B of Annexure A**

Australian Standard Patent No. 763836 (1999045916) being a 'Method of Treating Waste Water'.

Australian Standard Patent No. 767439 (2001054149) being a 'Method of Treating Waste Water'.

Australian Standard Patent No. 2012283757 (PCT/AU2012/000835) being for a 'Waste and Organic Matter Conversion Process'.

Australian Standard Patent No. 2014250680 (PCT2013904135) being for an 'Energy and Retention and Water Manufacture Process for the Conversion of Organic Matters which fosters Carbon Sequestration'.

Those Patents which the Head Licensor may in its absolute discretion add to this Patent Schedule from time to time in a signed writing referencing this Patent Schedule.©2015 VRM International Pty Ltd *Page xxiii* 

**ANNEXURE A:**

**to the Licence Agreement between VRM International Pty Ltd (ACN 136 687 155) and the parties named in**

**Items 1A and 1B**

---

| | | |
|:---|:---|:---|
| Item 1A: | VRM Global Holdings Pty Ltd (ACN 603 353 933) of 22-24 Reward Crescent Bohle 4818, Australia | **('the Sub-Licensor')** |
| Item 1B: | The Sustainable Green Team, Ltd. | **('the Sub-Licensee')** |
| Item 2: | The land and/or premises identified as the operating premises in the Terms Schedule | The land and/or premises identified as the operating premises in the Terms Schedule |
| Item 3: | The day five (5) years after the Date hereof with the option to Renew for an additional five (5) year period | **(expiry of this Licence Agreement)** |
| Item 4: | (a) The VRM Biologik Products identified in Annexure 'G' | **('the Inputs')** |
|  | (b) the Minimum Annual Input Quantity in the Terms Schedule | **('the quantity of Inputs')** |
|  | (c) The prices appearing in Annexure 'K' or published from time to time by the Sub-Licensor | **('the price of Inputs' plus Tax (if any))** |
|  | (d) 20% of the recommended retail price of the Outputs listed in Annexure 'K' or the Buy-Back price agreed between the parties | **('the Buy-Back Price')** |
| Item 5: | The products identified in Annexure 'J' | **('the Outputs')** |
| Item 6: | The Licence Fee set out in the Terms Schedule | **('the Licence Fee' plus Tax (if any))** |
| Item 7: | The email address in the Terms Schedule | **('Sub-Licensee's email address')** |
|  | <u>Licenses@vrm.science</u> | **('Sub-Licensor's email address')** |
|  | <u>Licenses@vrm.science</u> | **('Head Licensor's email address')** |
| Item 8: | The State of Florida (USA) and the islands located within the Caribbean Ocean. | **('the Territory')** |

---

---

| |
|:---|
| <u>Provided, however</u>, it is agreed that (a) Sub-Licensee shall be the exclusive manufacturer of Outputs located within in the State of Florida; (b) Sub-licensee shall have the right to market and distribute the Outputs throughout the United States of American, and (c) Sub-licensee shall (during the term of this Agreement, and subject to Sub-Licensee's compliance with the terms of this Agreement) have the exclusive right to market and distribute Outputs in Smaller Packaging (hereinafter defined) throughout the United States of America. As used herein, the term "Smaller Packaging" shall mean packages of Outputs in a size of less than one (1) cubic yard. |
| For purposes of clarity, the term "Territory" as used in this Agreement shall mean and refer to the State of Florida (USA) and the islands located within the Caribbean Ocean, and such other areas within the United States of America for which Sub-Licensee shall have distribution rights pursuant to the immediately preceding paragraph. |

---

©2015 VRM International Pty Ltd *Page xxiv* 

**ANNEXURE B - THE RIGHTS**

**to the Licence Agreement between VRM International Pty Ltd (ACN 136 687 155) and the parties named in Items 1A and 1B of Annexure A to the Licence Agreement**

The rights and entitlements of the Sub-Licensee as granted pursuant to this Licence Agreement **('the Rights')** are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 right to use the Marks set out on Annexure C to this Licence Agreement in the manner prescribed in Annexure C;

(ii) The
 right to use the Materials set out or described in Annexure H in this Licence Agreement;

(iii) The
 right to use the Media in promoting the sale of the Outputs;

(iv) The
 right to purchase certain products **('Inputs')** at a price and in the quantities identified in Item 4 of Annexure
 A;

(v) The
 right to produce certain products **('Outputs')** as identified in Item 5 of Annexure A;

(vi) The
 right to apply certain products ('Inputs') as listed in Item 4(a) of Annexure A on the land specified in Item 2 of Annexure
 A or in a specified or defined process;

(vii) The
 right to use the Recipes set out in Annexure D for the sole purpose of manufacturing the Outputs and Equipment (if included); and

(viii) The
 right to use and implement the processes described in the Manuals attached hereto as Annexures **E** and F for the sole purpose
 of producing the Outputs;©2015 VRM International Pty Ltd *Page xxv* 

**ANNEXURE C —THE MARKS**

Groundswell® Registration No. 1472809 Australia

Humisoil® Registration No. 1450402 Australia

HumiSoil® Registration No. 5935221 United States of America

Bio-Regen® Registration No.1433587 Australia

Xlr8® Registration No. 1305741 Australia

**ANNEXURE D -THE RECIPES**

Those Recipes included in the Process Manual provided with this Sub-License or delivered by the Sub-Licensor to the Sub-License from time to time

**ANNEXURE E-THE APPLICATIONS MANUAL**

The Applications Manual provided with this Sub-License or delivered by the Sub-Licensor to the Sub-Licensee from

time to time

**ANNEXURE F - THE PROCESS MANUAL**

The Process Manual provided with this Sub-License or delivered by the Sub-Licensor to the Sub-Licensee from time to time

**ANNEXURE G - THE INPUTS**

Those products appearing in the Process Manual as inputs to the processes and appearing on the Price List appearing in Annexure K or delivered by the Sub-Licensor to the Sub-Licensee from time to time

**ANNEXURE H - THE MATERIALS**

Those Materials delivered by the Sub-Licensor or its nominee to the Sub-Licensee from time to time together with any Material agreed in writing between the Sub-Licensor and the Sub- Licensee for use in relation to the Outputs

**ANNEXURE I** - **THE MEDIA**

Not applicable - No Media is included in this Sub-License

**ANNEXURE J - THE OUTPUTS**

HumiSoil® - being the Output product arising from implementation of the Groundswell® Process in accordance with the Process Manual

XLR8® Bio - being the Output product arising from implementation of the Bio-Regen® Process in accordance with the Process Manual©2015 VRM International Pty Ltd *Page xxvi* 

**ANNEXURE K - THE PRICES**

**Licensed Distributor Price Li**

Effective Date: 1March 2021© ***VRM International*** Pty Ltd 2021 All rights strictly reserved.

This document Is the exclusive property of \/'RM International Pty Ltd and is supplied strictly in accordance with and subject to and the party or parties whose name appear above. It may not be used, copied, passed on or in any way *distributed* without permission from VRM International Pty Ltd. If you have received this document without first receiving permission in writing to hove or use it you must immediately notify the sender that you are not authorized to receive it.

Prices are Per Litre delivered in 1000 Litre lots ex-works unless

---

| | | |
|:---|:---|:---|
| Industrial & Commercial Products (Prices Per Litre) | Distributor | Licensed Retailer |
| Bio-Seed | [\*\*\*] | [\*\*\*] |
| Bio-Starter | [\*\*\*] | [\*\*\*] |
| Bio-Fort | [\*\*\*] | [\*\*\*] |
| IVCA · | [\*\*\*] | [\*\*\*] |
| IVCB | [\*\*\*] | [\*\*\*] |
| Photon Fuel | [\*\*\*] | [\*\*\*] |
| Photon Clean | [\*\*\*] | [\*\*\*] |
| X-bioA | [\*\*\*] | [\*\*\*] |
| X-bio B | [\*\*\*] | [\*\*\*] |
| BRXA | [\*\*\*] | [\*\*\*] |
| BRX B | [\*\*\*] | [\*\*\*] |
| XLR8 CR | [\*\*\*] | [\*\*\*] |
| XLR8 N | [\*\*\*] | [\*\*\*] |
| XLR8 P | [\*\*\*] | [\*\*\*] |
| XLR8 K | [\*\*\*] | [\*\*\*] |
| XLR8 CA | [\*\*\*] | [\*\*\*] |
| XLR8 Silage | [\*\*\*] | [\*\*\*] |
| XLR8 Rumen | [\*\*\*] | [\*\*\*] |
| XLR8 Bio | [\*\*\*] | [\*\*\*] |
| Groundswell Multi-Feed A | [\*\*\*] | [\*\*\*] |

---

©2015 VRM International Pty Ltd *Page xxvii* 

---

| |
|:---|
| */s/ Kenneth Michael Bellamy* |
| Signature of Director |
| KENNETH MICHAEL BELLAMY |
| */s/ Kenneth Michael Bellamy* |
| Signature of Director |
| KENNETH MICHAEL BELLAMY |
| */s/ Anthony Raynor* |
| Signature of Director/Authorised Representative |
| **ANTHONY RAYNOR** |

---

©2015 VRM International Pty Ltd *Page xxviii*

## Exhibit 10.3

**Exhibit 10.3**

**CERTAIN CONFIDENTIAL INFORMATION (MARKED BY BRACKETS AS "[\*\*\*]") HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.**

![](ex10-3_001.jpg)

Deed of Variation 1

VRM International Pty Ltd 136 687 155 (**Head Licensor**)

VRM Global Holdings Pty Ltd ACN 603 353 933 (**Sub-Licensor**)

VRM Biologik Inc (**Nominated VRM Entity**)

The Sustainable Green Team Ltd, a Delaware corporation (**Sub-Licensee**)

Contact - Hayden Delaney, Partner, h.delaney@hopgoodganim.com.au

---

| | | | |
|:---|:---|:---|:---|
| BRISBANE |  | PERTH |  |
| Level 8, Waterfront Place, 1 Eagle Street | **T** +61 7 3024 0000 | Level 27, Allendale Square, 77 St Georges Terrace | **T** +61 8 9211 8111 |
| Brisbane Qld 4000 Australia | **F** +61 7 3024 0300 | Perth WA 6000 Australia | **F** +61 8 9221 9100 |

---

Ex. 10.3 VRM-SGTM Amendment 10.12.22 Conformed-Redacted

PO Box 7822, Waterfront Place Qld 4001 Australia PO Box Z 5312, St Georges Terrace, Perth WA 6831 Australia

---

| | |
|:---|:---|
| **Table of Contents** | ![](ex10-3_002.jpg) |

---

1. Definitions
 and interpretation 1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 Definitions 1

1.2 Terms
 used in Agreement 2

1.3 Interpretation 2

1.4 Business
 Days 3

1.5 Parties 3

2. Operative
 clauses 3

2.1 Warranty 3

2.2 Variation 3

2.3 Confirmation
 of liability 4

2.4 Time 9

2.5 Confidentiality 9

3. Notices 9

3.1 Form 9

3.2 Manner 10

3.3 Time 10

3.4 Initial
 details 10

3.5 Changes 11

4. Governing
 law and jurisdiction 11

4.1 Governing
 law 11

4.2 Jurisdiction 11

5. Miscellaneous 11

5.1 Exercise
 rights 11

5.2 Legal
 effect 11

5.3 Merger 11

5.4 Moratorium
 legislation 11

5.5 No
 assignment 12

5.6 Remedies
 cumulative 12

5.7 Severability 12

5.8 Further
 assurance 12

5.9 Costs 12

5.10 Variation 12

5.11 Waiver 12

5.12 Counterparts 12

5.13 Whole
 agreement 12

**HopgoodGanim Lawyers**<br>2214435 - Deed of Variation 1 (10.12.22)(SGTM) <br>

---

| | |
|:---|:---|
| Deed of Variation 1- Restricted Sub-Licence Agreement | ![](ex10-3_002.jpg) |

---

**Date** Oct 12, 2022

**Parties**

VRM International Pty Ltd 136 687 155 (**Head Licensor**)

VRM Global Holdings Pty Ltd ACN 603 353 933 (**Sub-Licensor**)

VRM Biologik Inc (**Nominated VRM Entity**)

The Sustainable Green Team Ltd, a Delaware corporation (**Sub-Licensee**)

**Background**

A. The
 Head Licensor, Sub-Licensor and Sub-Licensee and are parties to the Agreement.

B. The
 Nominated VRM Entity acts as the sole entity of the Head Licensor and Sub-Licensor in the USA for management of the implementation
 and deployment of the Head Licensor's Intellectual Property Rights.

C. The
 Nominated VRM Entity wishes to accede to be bound by the Agreement (as varied by this Deed of Variation 1).

D. The
 Head Licensor, Sub-Licensor, Nominated VRM Entity and Sub-Licensee have agreed to vary the Agreement in the manner set out in this
 deed.

**It is agreed**

**1.** **Definitions and interpretation** 

**1.1** **Definitions** 

In this deed:

**Agreement** means the agreement dated 9 August 2022 between Head Licensor, Sub- Licensor and Sub-Licensee relating to the Restricted Sub-Licence Agreement.

**Authorised Officer** of a party which is a corporation means:

(a) an employee of the party whose title contains either of the words Director or Manager;

(b) a person performing the function of any of them;

(c) a solicitor acting on behalf of the party; and

(d) a person appointed by the party to act as an Authorised Officer for the purposes of this deed and notified to the others.

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**Business Day** means:

(a) if determining when a notice, consent or other communication is given, a day that is not a Saturday, Sunday or public holiday in the place to which the notice, consent or other communication is sent; and

(b) for any other purpose, a day (other than a Saturday, Sunday or public holiday) on which banks are open for general banking business in Brisbane.

**Deed of Variation 1** means this deed of variation 1 to the Agreement.

**Government Body** means:

(a) any person, body or other thing exercising an executive, legislative, judicial or other governmental function of any country or political subdivision of any country;

(b) any public authority constituted by or under a law of any country or political subdivision of any country; and

(c) any person deriving a power directly or indirectly from any other Government Body.

**Obligation** means any commitment, covenant, duty, obligation or undertaking whether arising by operation of law, in equity or by statute and whether expressed or implied.

**1.2** **Terms used in Agreement** 

Any term used in this deed which is not defined in this deed will have the meaning given to that term in the Agreement.

**1.3** **Interpretation** 

(a) Unless the contrary intention appears, a reference in this deed to:

(1) this deed or another document includes any variation or replacement of it despite any change in the identity of the parties;

(2) one gender includes the others;

(3) the singular includes the plural and the plural includes the singular;

(4) a person, partnership, corporation, trust, association, joint venture, unincorporated body, Government Body or other entity includes any other of them;

(5) an item, recital, clause, subclause, paragraph, schedule or attachment is to an item, recital, clause, subclause, paragraph of, or schedule or attachment to, this deed and a reference to this deed includes any schedule or attachment;

(6) a party includes the party's executors, administrators, successors, substitutes (including a person who becomes a party by novation) and permitted assigns;

(7) any statute, ordinance, code or other law includes regulations and other instruments under any of them and consolidations, amendments, re-enactments or replacements of any of them;

(8) money is to United States dollars, unless otherwise stated; and

(9) a time is a reference to Florida time unless otherwise specified.

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(b) The words include, including, such as, for example and similar expressions are not to be construed as words of limitation.

(c) Where a word or expression is given a particular meaning, other parts of speech and grammatical forms of that word or expression have a corresponding meaning.

(d) Headings and any table of contents or index are for convenience only and do not affect the interpretation of this deed.

(e) A provision of this deed must not be construed to the disadvantage of a party merely because that party or its advisers were responsible for the preparation of this deed or the inclusion of the provision in this deed.

(f) Any capitalized terms used herein but not otherwise defined, shall have the meaning set forth in the Agreement.

**1.4** **Business Days** 

(a) If anything under this deed must be done on a day that is not a Business Day, it must be done instead on the next Business Day.

(b) If an act is required to be done on a particular day, it must be done before 5.00pm on that day or it will be considered to have been done on the following day.

**1.5** **Parties** 

(a) If a party consists of more than one person, this deed binds each of them separately and any two or more of them jointly.

(b) An agreement, covenant, obligation, representation or warranty in favour of two or more persons is for the benefit of them jointly and each of them separately.

(c) An agreement, covenant, obligation, representation or warranty on the part of two or more persons binds them jointly and each of them separately.

(d) A party which is an undisclosed trustee is bound both personally and in its capacity as trustee.

**2.** **Operative clauses** 

2.1 **Accession** 

As of the date of this Deed of Variation 1, the Nominated VRM Entity:

(a) accedes to be bound by the Agreement;

(b) becomes a party to the Agreement, as varied by this Deed of Variation 1.

2.2 **Warranty** 

(a) As of the date of this Deed of Variation 1, each party represents, warrants and covenants to each other party, that it has obtained all relevant regulatory approvals and shareholder approvals required by Law for completion of the transaction, including in accordance with all applicable regulatory requirements, including where applicable the requirements of the ASX Listing Rules and the applicable provisions of the Corporations Act 2001 (Cth) and equivalent regulatory oversight in the USA.

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(b) As of the date of this Deed of Variation 1, Head Licensor and Sub-Licensor each represent, warrant and covenant to Sub-Licensee that the Nominated VRM Entity is: (i) a corporation duly organized, validly existing, and in good standing under the laws of the State of Washington, USA, and is duly qualified to transact business as a foreign corporation and is in good standing in every jurisdiction in which the conduct of its business requires it to be so qualified; (ii) a wholly-owned subsidiary of Sub-Licensor; and (iii) the exclusive holder and sole authorized licensee of the right to manage and deploy programs involving licensees to the Intellectual Property of the Head Licensor and Sub-Licensor in the USA, which may be exploited in the Territory.

2.3 **Variation** 

From the date of this Deed of Variation 1, the following changes are made to the Agreement:

(a) Under the heading of "Definitions", the following shall be added:

"**Additional Shares** – the meaning set forth in Section 2(d) of Schedule 2 to Terms Schedule."

Further, the following shall be added:

"**Term –** The period of time described in Item 3 of Annexure A of this License Agreement."

(b) Item 3 of Annexure A of the Agreement is varied by replacing references to "(5) years after the date hereof" with:

"*(10) ten years after the date of Deed of Variation 1, with an option to renew for an additional (5) five year period"*

(c) Item 8 of Annexure A of the Agreement is deleted and replaced *in toto* with the following:

"Item 8: the State of Florida and the State of Washington, both in the USA, and in addition, all islands located in the Caribbean Sea (such states in the USA and islands in the Caribbean to be collectively referenced hereafter as the "Territory"); provided, however, it is further agreed that (a) Sub-Licensee shall be the exclusive manufacturer of Outputs located within the states of Florida and Washington in the USA, and throughout the Caribbean; (b) Sub-licensee shall have the non-exclusive right to market and distribute the Outputs throughout the United States of America, and (c) Sub-licensee shall (during the Term of this Agreement, and subject to Sub-Licensee's compliance with the terms of this Agreement) have the exclusive right to market and distribute Outputs in Smaller Packaging (hereinafter defined) throughout the United States of America. As used herein, the term "Smaller Packaging" shall mean packages of Outputs in a size of less than one (1) cubic yard.

For purposes of clarity, the term "Territory" as used in this License Agreement shall mean and refer to the states of Florida and Washington in the USA, and the islands located within the Caribbean Sea, and such other areas within the United States of America for which Sub-Licensee shall have distribution rights pursuant to the immediately preceding paragraph."

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(d) A new Schedule 2 to the Terms Schedule of the Agreement is inserted as follows:

**Schedule 2 to Terms Schedule**

In consideration of the additional respective rights and obligations to the parties granted by Deed of Variation 1, the parties agree:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Extended capacity** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. To
 implement an extended agreement which delivers capacity to produce an increased volume of
 Sub-Licensor's soil amendment products and capacity to manufacture Sub-Licensor's
 ready to use catalysts which are in turn used to make Soil Amendment products in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. a
 site in the State of Florida, USA;

ii. a
 site in the State of Washington, USA; and

iii. such
 other sites in the USA or abroad as the parties may from time to time mutually agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. It
 is intended that this increased capacity will be sufficient to allow the Sub- Licensee to
 commence manufacture of a minimum of 4 million cubic yards of soil amendment products, including
 Sub-Licensor's HumiSoil® and commensurate volumes of its companion product(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 parties intend initially to operate together with the co-location of on- going production
 of Sub-Licensor's core catalyst product at facilities operated by the parties. It is
 intended that this co-location of facilities for the manufacture of Sub-Licensor's
 core catalysts will facilitate on-going supply by Sub-Licensor to Sub-Licensee of those products
 which will be used by Sub-Licensee to manufacture soil amendment products at various locations
 at which it operates facilities pursuant to the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Additional elements of engagement** 

The parties agree to collaboratively work together to implement the following additional elements of engagement between the parties:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Delivery
 by the Sub-Licensor of a full production unit for ready to use catalysts manufactured by
 a VRM Entity to the Sub-Licensee at an agreed site in Florida. This full production unit
 will include capacity to produce sufficient ready to use catalysts to manufacture a minimum
 of 4 Million cubic yards of Sub-Licensor's soil amendment catalysts including HumiSoil®
 and a commensurate volume of the companion products applied in soil amendment programs with
 HumiSoil®, substantially in the volumes, at the prices and the market values further
 detailed in **Annexure L**, which is fully integrated herein and incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Co-Location
 of production facilities of Sub-Licensor with facilities of Sub- Licensee such that future
 core catalyst production may take place in the States of Florida Washington in the USA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Development
 of an agreed plan to complete licensed manufacture of soil amendment catalysts in other strategic
 locations across the USA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. A
 Script for Script issue which sees Sub-Licensor (VRM Global Holdings Pty Ltd) issued 6,000,000
 shares of common stock in the Sub-Licensee (the "Additional License Shares"),
 and issue by VRM Biologik Inc. (a wholly owned subsidiary of the Sub-Licensor) of ten percent
 (10%) of the common stock of VRM Biologik Inc. (a wholly owned subsidiary of the Sub-Licensor)
 to Sub-Licensee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Additional consideration:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Sub-Licensee agrees that it will make a cash payment to a party to be nominated by Sub-Licensor
 for purchase of a quantity of Sub-Licensor products equating to a full production unit for
 Sub-Licensor products. Consideration for this purchase is $7,200,000 which is to be paid
 in

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(e) The parties confirm that references throughout the Agreement to "license" and "licence" reflect variations in spelling between Australia and the USA, but refer to the same word.

(f) Under the heading of "Interpretation", the discussion of currency in sub-section (a) is deleted and replaced *in toto* with the following:

"Unless expressly stated otherwise, United States Dollars is the sole currency set forth and utilized in this License Agreement."

(g) Under the heading of "Intellectual Property Rights", sub-section 3(c) is added to state the following:

"(c) Head Licensor and Sub-Licensor, represent, warrant and covenant, respectively, that Head Licensor shall issue or re-issue to Sub-Licensor, from time to time as reasonably necessary throughout the Term, exclusive license for the continuous use, deployment and distribution of the Head Licensor's Intellectual Property, and that Sub-Licensor shall duly and promptly sub-license the same to the Nominated VRM Entity (a wholly owned subsidiary of the Sub-Licensor) throughout the Term, to manage and implement licenses to the Head Licensor's Intellectual Property , including the terms memorialized in Schedule 2 to Terms Schedule."

(h) Under the heading "Sales, Marketing and Production", sub-section 8(b) is deleted and replaced *in toto* with the following:

"(b) The Sub-Licensor shall have the option to purchase, in amounts determined by the sole discretion of the Sub-Licensee, up to 100% of the volume of each batch of the Outputs produced by the Sub-Licensee at the Buy-Back Price listed in item 4 (d) of Annexure A .. If the Sub-Licensor exercises its option under this clause 8(b):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) the Sub-Licensee must sell the Outputs to the Sub-Licensor for the Buy-Back Price listed in item 4 (d) of Annexure A; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) make the Outputs available for collection at the Sub-Licensee's premises or the land specified at Item 2 of Annexure A.

Sub-Licensor shall promptly assign to Sub-Licensee any right Sub-Licensor may have within the Territory with respect to the repurchase of Outputs produced by other manufacturers. In addition, Sub-Licensor may from time to time provide Sub-Licensee with an option (exercisable upon written notice provided with 10 days of written notice of such option) to take up similar rights over Outputs from licensed processors in areas inside the USA and outside of the Territory.

(i) Under the heading of "Section 25. Schedules and Annexures", insertion of the following reference:

"Annexure L – Extended inventory supplied by VRM Biologik Group"

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In addition, the last sentence of "Section 25. Schedules and Annexures" is deleted and replaced *in toto* with the following:

"These Schedules and Annexures are an integral part of this Licence Agreement, which are fully integrated with and incorporated by reference into the License Agreement."

(i) Under the heading "Governing Law and Dispute resolution", Section 31 is deleted and replaced *in toto* with the following:

"31. This License Agreement shall be solely governed by the Laws of the United States of America and the Laws of the State of Florida, as applied to agreements performed wholly within the State of Florida. Any controversy over or need to interpret this License Agreement shall be solely brought before the state or federal courts located in Orange County, Florida."

(j) After Section 40, a new section heading is inserted, labelled "Securities Related Representations and Warranties" and, along with a new series of sections beginning with Section 41 and ending with Section 51, state the following:

"Securities Related Representations and Warranties. Sub-Licensor represents and warrants to Sub-Licensee as follows with respect to the receipt of the License Fee Shares and the Additional Shares (collectively, the "Securities"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. Sub-Licensor understands and agrees that the consummation of this Agreement including the delivery of the Securities to Sub-Licensor as contemplated hereby constitutes the offer and sale of securities under the United States Securities Act of 1933, as amended (the "Securities Act") and applicable state statutes and that the Securities are being acquired for Sub-Licensor's own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. Sub-Licensor is an "accredited investor" as that term is defined in Rule 501(a) of Regulation D under the Securities Act (an "Accredited Investor").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. Sub-Licensor understands that the Securities are being offered and sold to Sub-Licensor in reliance upon specific exemptions from the registration requirements of United States federal and state securities Laws and that the Sub-Licensee is relying upon the truth and accuracy of, and Sub-Licensor's compliance with, the representations, warranties, agreements, acknowledgments and understandings of Sub-Licensor set forth herein in order to determine the availability of such exemptions and the eligibility of Sub-Licensor to acquire the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. Sub-Licensor and Sub-Licensor's advisors, if any, have been furnished with all materials relating to the business, finances and operations of the Sub-Licensee and materials relating to the offer and sale of the Securities which have been requested by Sub- Licensor or Sub-Licensor's advisors. Sub-Licensor and Sub-Licensor's advisors, if any, have been afforded the opportunity to ask questions of the Sub-Licensee. Sub-Licensor understands that Sub-Licensor's investment in the Securities involves a significant degree of risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. At no time was Sub-Licensor presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer. Sub-Licensor is not purchasing the Securities acquired by Sub-Licensor hereunder as a result of any "general solicitation" or "general advertising," as such terms are defined in Regulation D under the Securities Act, which includes, but is not limited to, any advertisement, article, notice or other communication regarding the Securities acquired by Sub-Licensor hereunder published in any newspaper, magazine or similar media or on the internet or broadcast over television, radio or the internet or presented at any seminar or any other general solicitation or general advertisement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. Sub-Licensor is acquiring the Securities for Sub-Licensor's own account as principal, not as a nominee or agent, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof in whole or in part and no other person has a direct or indirect beneficial interest in the Securities. Further, Sub-Licensor does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. Sub-Licensor understands that (i) the sale or re-sale of the Securities has not been and is not being registered under the Securities Act or any applicable state securities laws, and the Securities may not be transferred unless (1) the Securities are sold pursuant to an effective registration statement under the Securities Act, (2) Sub-Licensor shall have delivered to the Sub-Licensee, at the cost of Sub-Licensor, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such registration, which opinion shall be accepted by the Sub-Licensee, (3) the Securities are sold or transferred to an "affiliate" (as defined in Rule 144 promulgated under the Securities Act (or a successor rule) ("Rule 144")) of Sub-Licensor who agrees to sell or otherwise transfer the Securities only in accordance with this Section and who is an Accredited Investor, (4) the Securities are sold pursuant to Rule 144, (5) the Securities are sold pursuant to Regulation S under the Securities Act (or a successor rule) ("Regulation S"), or (6) the Securities are sold pursuant to the exemption from registration afforded under Section 4(a)(1) or Section 4(a)(7) of the Securities Act, and Sub-Licensor shall have delivered to the Sub-Licensee, at the cost of Sub-Licensor, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate transactions, which opinion shall be accepted by the Sub-Licensee; (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder; and (iii) neither the Sub-Licensee nor any other person is under any obligation to register such Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. Sub-Licensor understands that no public market now exists for the Securities, and that the Sub-Licensee has made no assurances that a public market will ever exist for the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. Sub-Licensor, either alone or together with Sub-Licensor's representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Sub-Licensor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. Sub-Licensor understands that no United States federal or state agency or any other governmental or state agency has passed on or made recommendations or endorsement of the Securities or the suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the transactions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. Any legend required by the securities laws of any state to the extent such laws are applicable to the Securities represented by the certificate so legended shall be included on any certificates representing the Securities. Sub-Licensor also understands that the Securities may bear the following or a substantially similar legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE NOT SET FORTH HEREIN.

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(k) A new Annexure L, entitled "Extended inventory supplied by VRM Biologik Group" is inserted following Annexure K of the Agreement, consisting of the spreadsheet attached hereto as <u>Exhibit A</u>.

2.4 **Confirmation of liability** 

The Head Licensor, Sub-Licensor and Sub-Licensee:

(a) affirm the terms of the Agreement (as varied by this deed); and

(b) acknowledge that their liability under the Agreement is not discharged or varied by this deed except to the extent that this deed may otherwise expressly specify.

2.5 **Time** 

If, under the Agreement, time is of the essence in relation to the performance of an Obligation of a party, time remains of the essence in relation to that Obligation unless this deed specifies otherwise.

2.6 **Confidentiality** 

A party must not disclose the contents or terms of this deed or any information or documents received by it in connection with the negotiation or terms of this deed without the prior written consent of each other party unless:

(a) disclosure is permitted by the express terms of this deed;

(b) the information is available to the public generally (except as a result of a previous breach of this clause);

(c) the disclosure is required by law; or

(d) the disclosure is made on a confidential basis to any representative or professional advisor of the party for the purpose of obtaining advice.

**3.** **Notices** 

**3.1** **Form** 

Any notice or other communication to or by any party must be:

(a) in writing and in the English language;

(b) addressed to the address of the recipient in clause 3.4 or to any other address as the recipient may have notified the sender; and

(c) be signed by the party or by an Authorised Officer of the sender.

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3.2 **Manner** 

In addition to any other method of service authorised by law, the notice may be:

(a) personally served on a party;

(b) left at the party's current address for service;

(c) sent to the party's current address for service by prepaid ordinary mail or if the address is outside Australia by prepaid airmail;

(d) sent by facsimile to the party's current numbers for service; or

(e) sent by electronic mail to the party's electronic mail address.

**3.3** **Time** 

If a notice is sent or delivered in the manner provided in clause 3.2 it must be treated as given to or received by the addressee in the case of:

(a) delivery in person, when delivered;

(b) delivery by post:

(1) in Australia to an Australian address, the fourth Business Day after posting; or

(2) in any other case, on the tenth Business day after posting;

(c) facsimile, when a transmission report has been printed by the sender's facsimile machine stating that the document has been sent to the recipient's facsimile number; or

(d) electronic mail, if and when the intended recipient acknowledges receipt of the email.

**3.4** **Initial details** 

The addresses and numbers for service are initially:

**Head Licensor**

Electronic Mail: ken.bellamy@vrmbiologik.com <br> Attention: Ken Bellamy

**Sub-Licensor**

Electronic Mail: ken.bellamy@vrmbiologik.com <br> Attention: Ken Bellamy

**Sub-Licensee**

Address: 24200 County Rd 561, Astatula, Florida, 34705 <br> Electronic Mail: traynor@sgtmltd.com <br> Attention: Anthony Raynor

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3.5 **Changes to address** 

A party may from time to time change its address or numbers for service by notice to each other party.

**4.** **Governing law and jurisdiction** 

**4.1** **Governing law** 

This deed is solely governed by and construed in accordance with the laws of the United States of America and the laws of the State of Florida, as applied to agreements performed wholly within the State of Florida.

**4.2** **Jurisdiction** 

Each party irrevocably:

(a) submits to the jurisdiction of the state and federal courts located in Orange County, Florida and the courts competent to determine appeals from those courts, with respect to any proceedings which may be brought at any time relating to this deed; and

(b) waives any objection it may now or in the future have to the venue of any proceedings, and any claim it may now or in the future have that any proceedings have been brought in an inconvenient forum, if that venue falls within paragraph 4.2(a), or that any courts located in Orange County, Florida lack personal jurisdiction to judge a claim arising hereunder. In addition, each party waives formal requirements for service of process and expressly agrees to accept process via email, the receipt of which shall be promptly confirmed by reply email from the intended recipient.

**5.** **Miscellaneous** 

**5.1** **Exercise rights** 

A single or partial exercise or waiver by a party of any right under or relating to this deed will not prevent any other exercise of that right or the exercise of any other right.

**5.2** **Legal effect** 

Each party acknowledges and agrees for the benefit of each other party that this document is intended to take effect as a deed. Each party executes this document with the intention that it will be immediately legally bound by this document.

**5.3** **Merger** 

If the liability of a party to pay money under this deed becomes merged in any deed, judgment, order or other thing, the party liable must pay interest on the amount owing from time to time under that deed, judgment, order or other thing at the higher of the rate payable under this deed and that fixed by or payable under that deed, judgment, order or other thing.

**5.4** **Moratorium legislation** 

Any law which varies prevents or prejudicially affects the exercise by a party of any right, power or remedy conferred on it under this deed is excluded to the extent permitted by law.

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**5.5** **No assignment** 

A party must not assign, transfer or novate all or any part of its rights or obligations under or relating to this deed or grant, declare, create or dispose of any right or interest in it, without the prior written consent of each other party, which consent shall not be unreasonably withheld, conditioned or delayed.

**5.6** **Remedies cumulative** 

The rights and remedies under this deed are cumulative and not exclusive of any rights or remedies provided by law.

**5.7** **Severability** 

If a provision of this deed is illegal, invalid, unenforceable or void in a jurisdiction it is severed for that jurisdiction and the remainder of this deed has full force and effect and the validity or enforceability of that provision in any other jurisdiction is not affected.

**5.8** **Further assurance** 

Each party must promptly at its own cost do all things (including executing and delivering all documents) necessary or desirable to give full effect to this deed and the transactions contemplated by it.

**5.9** **Costs** 

Each party is responsible for all its own costs incurred in the negotiation and performance of this deed including legal costs.

**5.10** **Variation** 

An amendment or variation to this deed is not effective unless it is in writing and signed by the parties.

**5.11** **Waiver** 

(a) A party's waiver of a right under or relating to this deed, whether prospectively or retrospectively is not effective unless it is in writing and signed by that party.

(b) No other act, omission or delay by a party will constitute a waiver of a right.

**5.12** **Counterparts** 

This deed may be executed in any number of counterparts each of which will be considered an original but all of which will constitute one and the same instrument. A party who has executed a counterpart of this deed may deliver it to, or exchange it with, another party by:

(a) faxing; or

(b) emailing a pdf (portable document format) copy of, the executed counterpart to that other party.

**5.13** **Whole agreement** 

This deed:

(a) is the entire agreement and understanding between the parties relating to the subject matter of this deed; and

(b) supersedes any prior agreement, representation (written or oral) or understanding on anything connected with that subject matter.

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**Signing page**

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| **Executed as a deed** by VRM International Pty Ltd |  |
| 136 687 155 |  |
| */s/ Kenneth Michael Bellamy* |  |
| Director/Sole Director/Sole Director and Secretary | Director/Secretary (if applicable) |
| Kenneth Michael Bellamy |  |
| Print full name of Director/Sole Director | Print full name of Director/Secretary |

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|:---|:---|
| **Executed as a deed** by VRM Global Holdings Pty Ltd |  |
| ACN 603 353 933 |  |
| */s/ Kenneth Michael Bellamy* |  |
| Director/Sole Director/Sole Director and Secretary | Director/Secretary (if applicable) |
| Kenneth Michael Bellamy |  |
| Print full name of Director/Sole Director | Print full name of Director/Secretary |

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|:---|:---|
| **Executed as a deed** by The Sustainable Green Team Ltd,<br> a Delaware corporation |  |
| */s/ Anthony Raynor* | |
| Director/Sole Director/Sole Director and Secretary | Director/Secretary (if applicable) |
| Anthony Raynor | |
| Print full name of Director/Sole Director | Print full name of Director/Secretary |

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|:---|:---|
| **Executed as a deed** by VRM Biologik Inc |  |
| */s/ Kenneth Michael Bellamy* | |
| Director/Sole Director/Sole Director and Secretary | Director/Secretary (if applicable) |
| Kenneth Michael Bellamy | |
| Print full name of Director/Sole Director | Print full name of Director/Secretary |

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<u>EXHIBIT A</u>

**ANNEXURE L**

(Attached)

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ANNEXURE L

**Extended Inventory to be Supplied by VRM Biologik Group**

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | IBC (264 Gallon Totes)\* | Yards | Gallons | Sale Price Per Gallon | Value In Store | Yards Made | Gallons Made | Sale Price Per Yard | Sale Price Per Gallon | Value at Market |
| Finished HumiSoil |  | 0 |  |  | [\*\*\*] |  |  | [\*\*\*] |  | 0 |
| Finished XLR8 Bio | 0 |  | 0 | [\*\*\*] | [\*\*\*] |  |  |  | [\*\*\*] | 0 |
| Ingredients to Make HumiSoil | 3200 |  | 844800 | [\*\*\*] | [\*\*\*] | [\*\*\*] |  | [\*\*\*] |  | 760000000 |
| Ingredients to Make XLR8 Bio & Other Products | 2730 |  | 720720 | [\*\*\*] | [\*\*\*] |  | [\*\*\*] |  | [\*\*\*] | 227500000 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Total Volumes Delivered | [\*\*\*] | **In Store Inventory Value** | **[\*\*\*]** |

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|:---|:---|
| **Total Inventory Value** | **987500000** |

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\*Equivalent volume to be delivered on site -- may be delivered by way of manufacture in high volume storage containers

## Exhibit 10.4

**Exhibit 10.4**

**<u>The Sustainable Green team, Ltd.</u>**

**<u>Independent Director Agreement</u>**

Dated as of August [__], 2022

This Independent Director Agreement (this "Agreement"), dated and made effective as of the date first set forth above (the "Effective Date"), is entered into by and between The Sustainable Green team, Ltd., a Delaware corporation ("Company"), and [____________] ("Director"). The Company and Director may be referred to herein individually as a "Party" or collectively as the "Parties".

WHEREAS, the Company has appointed the Director to the Board of Directors of Company (the "Board") and now desires to enter into an agreement with the Director with respect to Director's continuing service as a director of Company; and

WHEREAS, the Director is willing to continue serving as a director of Company upon the terms and conditions set forth herein and in accordance with the provisions of this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. the Parties hereby agree as follows:

1. <u>Defined Terms</u>. Wherever the following terms are used in this Agreement, they shall have the meanings
 ascribed to them below, unless the context clearly indicates otherwise. Other capitalized
 terms in this Agreement are defined in the text hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Affiliate"
 means, with reference to Company, any other Person controlling, controlled by or under the
 common control of Company. For purposes hereof, the term "control" (or any equivalent
 term) means having ownership of more than fifty percent (50%) of the voting securities of
 a Person or the power, whether through voting power or otherwise, to control the management
 policies of such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Person"
 means any natural person, corporation, company, partnership (including both general and limited
 partnerships), limited liability company, sole proprietorship, association, joint stock company,
 firm, trust, trustee, joint venture, unincorporated organization, executor, administrator,
 legal representative or other legal entity, including any governmental authority, entity
 or instrumentality.

2. <u>Duties.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Director
 agrees to serve as an independent Director of the Company and to devote as much time as is
 reasonably necessary to perform his duties as a Director of the Company, including duties
 as a member of one or more committees of the Board, to which the Director may hereafter be
 appointed. The Director will perform such duties described herein in accordance with the
 general fiduciary duty of directors. The Company acknowledges that Director currently holds
 other positions ("Other Employment") and agrees that Director may maintain such
 positions. The Company also acknowledges that Director may from time to time provide consulting
 or advisory services for business entities other than the Company which are not competitors
 of the Company and that Director may sit on the board of directors of other entities, subject
 to any limitations set forth by the Sarbanes-Oxley Act of 2002 and applicable fiduciary duties
 owed to the Company, and limitations related thereto, including those provided by any exchange
 or quotation service on which the Company's common stock is listed or traded. Notwithstanding
 the same, the Director will provide the Company with prior written notice of any future commitments
 to such entities which are material in nature, and use reasonable business efforts to coordinate
 his respective commitments so as to fulfill his obligations to the Company and, in any event,
 will fulfill his legal obligations as a director. Other than as set forth above, the Director
 will not, without the prior notification to the Board, engage in any other business activity
 which could materially interfere with the performance of his duties, services and responsibilities
 hereunder or which is in violation of the reasonable policies established from time to time
 by the Company, provided that the foregoing shall in no way limit his activities on behalf
 of (i) any current employer and its affiliates or (ii) the board of directors of any entities
 on which he currently sits. At such time as the Board receives such notification, the Board
 may require the resignation of the Director if it determines that such business activity
 does in fact materially interfere with the performance of the Director's duties, services
 and responsibilities hereunder. The Company currently intends to hold at least one regular
 meeting of the Board and each Committee each quarter, together with additional meetings of
 the Board and Committees as may be required by the business and affairs of the Company. Director
 shall be given reasonable advance notice of such meetings and they will be scheduled at times
 when Director is available. Director shall make reasonable business efforts to attend (either
 in person or telephonically) all Board meetings and all pre-scheduled Board committees and
 subcommittees as reasonably requested and agreed upon by the Board and make himself available
 to the Company at mutually convenient times and places, as appropriate and convenient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Director
 is an "independent director" with respect to the Company (as such term has been
 construed under Delaware law with respect to directors of Delaware corporations and the OTC
 Markets, the NASDAQ Stock Exchange and the New York Stock Exchange). Director confirms that,
 as of the Effective Date, to Director's knowledge, (a) Director does not possess material
 business, close personal relationships or other affiliations, or any history of any such
 material business, close personal relationships or other affiliations, with the Company's
 significant equity or debt holders or any of their respective corporate affiliates that would
 cause Director to be unable to (i) exercise independent judgment based on the best interests
 of the Company or (ii) make decisions and carry out Director's responsibilities as
 a Director of the Company, in each case in accordance with the terms of the Certificate of
 Incorporation and Bylaws of the Company and applicable law, and (b) Director has no existing
 relationship or affiliation of any kind with any entity Director known to be a competitor
 of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In
 addition to Director's service on the Board, Director agrees that, if so selected by
 the Board, Director shall serve on certain committees of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) By
 execution of this Agreement, Director accepts Director's appointment or election as
 an independent Director of the Company, and agrees to serve in such capacity, subject to
 the terms of this Agreement, until Director's successor is duly elected and qualified
 or until Director's earlier death, resignation or removal. The Parties acknowledge
 and agree that Director is being engaged to serve as an independent Director of the Company
 only and is not being engaged to serve, and shall not serve, the Company in any other capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Director's
 status during the Term (as defined below) shall be that of an independent contractor and
 not, for any purpose, that of an employee or agent with authority to bind the Company in
 any respect. All payments and other consideration made or provided to the Director hereunder
 shall be made or provided without withholding or deduction of any kind, and the Director
 shall assume sole responsibility for discharging all tax or other obligations associated
 therewith.

3. <u>Term</u>.
 The term of this Agreement shall continue from the Effective Date until the earliest of (a)
 such time as Director resigns or is removed in accordance with the Certificate of Incorporation
 and Bylaws of the Company, and (b) the death of the Director (the "Term").

4. <u>Compensation</u>.
 For all services to be rendered by Director hereunder, and so long as Director remains a
 Director of the Company, the Company shall, during the Term, pay to Director the compensation
 and reimbursement of expenses as set forth in this Section 3.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During
 the Term, Director shall be paid in cash the sum of $[__] annually for Director's service
 as a director of the Company, to be paid quarterly, at the rate of $[__] per calendar quarter,
 with any factional calendar quarters to be pro-rated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In
 addition to the cash fees as set forth in Section 4(a), on each annual anniversary during
 the Term, or on the first business day thereafter if such anniversary date is not a business
 day, subject to the final determination and agreement of the Board, the Company shall issue
 to Director a number of shares of common stock, par value $0.0001 per share, of the Company
 (the "Common Stock") equal to (i) $[__], divided by (ii) the VWAP (as defined
 below) of the Common Stock as of such anniversary date (the "Annual Shares").
 In the event that Director resigns as a director prior to the end of a full year of service,
 subject to the final determination and agreement of the Board, the Annual Shares for such
 year shall be appropriately pro-rated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) On
 execution of this Agreement by both Parties, the Company shall issue to Director a number
 of shares of Common Stock equal to (i) $[__], divided by (ii) the VWAP (as defined below)
 of the Common Stock as of the Effective Date (the "Initial Shares" and, together
 with the Annual Shares, the "Shares").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For
 purposes herein, "VWAP" means the first of the following which shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If
 the Common Stock is then listed for trading on the OTC Markets or a United States or Canadian
 national securities exchange (as applicable, the "Trading Market"), then the
 volume-weighted average (rounded to the nearest $0.0001) closing price of the Common Stock
 on such Trading Market during the 20 Trading Day (as defined below) period immediately prior
 to the applicable measurement date, as reported by such Trading Market or other reputable
 source;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if
 the Common Stock is not then listed or quoted for trading on a Trading Market, and if prices
 for the Common Stock are then reported in the "Pink Sheets" published by OTC
 Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting
 prices), the most recent bid price per share of the Common Stock so reported; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if
 the VWAP cannot be calculated for such security on such date on bases as set forth in Section
 4(d)(i) or Section 4(d)(ii), the VWAP shall be the fair market value of such security as
 mutually determined in good faith by the Board, without the involvement of the Director,
 after taking into consideration such factors as the Board may deem appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All
 such determinations of the VWAP as set forth in Section 4(d)(i) or Section 4(d)(ii) shall
 be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization
 or other similar transaction during such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) For
 purposes herein, "Trading Day" means any day on which the Common Stock (or any
 replacement security pursuant to Section 4(g)) is traded on the Trading Market or is otherwise
 reported on "pink sheets" by OTC Markets Group Inc. (formerly Pink Sheets LLC)
 or a similar organization or agency succeeding to its functions of reporting prices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) If,
 at any time prior to the determination of the VWAP, there shall be any merger, consolidation,
 or an exchange of shares, recapitalization or reorganization pursuant to a merger or consolidation,
 or other similar event, as a result of which shares of Common Stock shall be changed into
 the same or a different number of shares of another class or classes of stock or securities
 of the Company or another entity, or in case of any sale or conveyance of all or substantially
 all of the assets or more than 50% of the total outstanding shares of the Company other than
 in connection with a plan of complete liquidation of the Company, then the Director shall
 thereafter have the right to receive, if otherwise applicable hereunder, upon the basis and
 upon the terms and conditions specified herein and in lieu of the shares of Common Stock,
 such replacement stock, securities or assets, with equitable adjustments being made thereto
 with respect to the VWAP, as determined by the Company and the Director, and in the event
 that the shares of Common Stock shall be changed into the same or a different number of shares
 of another class or classes of stock or securities of the Company or another entity any references
 herein to the Common Stock, whether standing alone or as a part of another defined term,
 shall be deemed a reference to such replacement stock or securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Company
 shall reimburse Director for all reasonable out-of-pocket expenses incurred by Director in
 attending any in-person meetings or incurred in good faith in connection with the performance
 of the Director's duties for the Company, provided that Director complies with the
 generally applicable policies, practices and procedures of the Company for submission of
 expense reports, receipts or similar documentation of such expenses.

5. <u>Confidentiality</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Definition.</u> For purposes of this Agreement, "Confidential Information" shall mean all
 Company Work Product (as hereinafter defined) and all non-public written, electronic, and
 oral information or materials of Company communicated to or otherwise obtained by Director
 in connection with this Agreement, which is related to the products, business and activities
 of Company, its Affiliates, and subsidiaries, and their respective customers, clients, suppliers,
 and other entities with which such party does business, including: (i) all costing, pricing,
 technology, software, documentation, research, techniques, procedures, processes, discoveries,
 inventions, methodologies, data, tools, templates, know how, intellectual property and all
 other proprietary information of Company; (ii) the terms of this Agreement; and (iii) any
 other information identified as confidential in writing by Company. Confidential Information
 shall not include information that: (a) was lawfully known by Director without an obligation
 of confidentiality before its receipt from Company; (b) is independently developed by Director
 without reliance on or use of Confidential Information; (c) is or becomes publicly available
 without a breach by Director of this Agreement; or (d) is disclosed to Director by a third
 party which is not required to maintain its confidentiality. An "Affiliate" of
 a Party shall mean any entity directly or indirectly controlling, controlled by, or under
 common control with, such Party at any time during the Term for so long as such control exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Company Ownership.</u> Company shall retain all right, title, and interest to the Confidential Information,
 including all copies thereof and all rights to patents, copyrights, trademarks, trade secrets
 and other intellectual property rights inherent therein and appurtenant thereto. Subject
 to the terms and conditions of this Agreement, Company hereby grants Director a non-exclusive,
 non-transferable, license during the Term to use any Confidential Information solely to the
 extent that such Confidential Information is necessary for the performance of Director's
 duties hereunder. Director shall not, by virtue of this Agreement or otherwise, acquire any
 proprietary rights whatsoever in Confidential Information, which shall be the sole and exclusive
 property and confidential information of Company. No identifying marks, copyright or proprietary
 right notices may be deleted from any copy of Confidential Information. Nothing contained
 herein shall be construed to limit the rights of Company from performing similar services
 for, or delivering the same or similar deliverable to, third parties using the Confidential
 Information and/or using the same personnel to provide any such services or deliverables.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Confidentiality Obligations.</u> Director agrees to hold the Confidential Information in confidence and not
 to copy, reproduce, sell, assign, license, market, transfer, give or otherwise disclose such
 Confidential Information to any Person or to use the Confidential Information for any purposes
 whatsoever, without the express written permission of Company, other than disclosure to Director's,
 partners, principals, directors, officers, employees, subcontractors and agents on a "need-to-know"
 basis as reasonably required for the performance of Director's obligations hereunder
 or as otherwise agreed to herein. Director shall be responsible to Company for any violation
 of this Section 5 by Director's employees, subcontractors, and agents. Director shall
 maintain the Confidential Information with the same degree of care, but no less than a reasonable
 degree of care, as Director employs concerning its own information of like kind and character.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Required Disclosure.</u> If Director is requested to disclose any of the Confidential Information
 as part of an administrative or judicial proceeding, Director shall, to the extent permitted
 by applicable law, promptly notify Company of that request and cooperate with Company, at
 Company's expense, in seeking a protective order or similar confidential treatment
 for the Confidential Information. If no protective order or other confidential treatment
 is obtained, Director shall disclose only that portion of Confidential Information which
 is legally required and will reasonably support, at Company's expense, all reasonable
 efforts by the Company to obtain reliable assurances that confidential treatment will be
 accorded the Confidential Information which is required to be disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Enforcement.</u> Director acknowledges that the Confidential Information is unique and valuable, and that
 remedies at law will be inadequate to protect Company from any actual or threatened breach
 of this Section 5 by Director and that any such breach may cause irreparable and continuing
 injury to Company. Therefore, Director agrees that Company shall be entitled to seek equitable
 relief with respect to the enforcement of this Section 5 without any requirement to post
 a bond, including, without limitation, injunction and specific performance, without proof
 of actual damages or exhausting other remedies, in addition to all other remedies available
 to Company at law or in equity. For greater clarity, in the event of a breach or threatened
 breach by Director of any of the provisions of this Section , in addition to and not in limitation
 of any other rights, remedies or damages available at law or in equity, Company shall be
 entitled to a permanent injunction or other like remedy in order to prevent or restrain any
 such breach or threatened breach by Director, and Director agrees that an interim injunction
 may be granted against Director immediately on the commencement of any action, claim, suit
 or proceeding by Company to enforce the provisions of this Section , and Director further
 irrevocably consents to the granting of any such interim or permanent injunction or any like
 remedy. If any action at law or in equity is necessary to enforce the terms of this Section
 , Director, if it is determined to be at fault, shall pay Company's reasonable legal
 fees and expenses on a substantial indemnity basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Related Duties.</u> Director shall: (i) promptly destroy or deliver to Company upon Company's
 request all materials in Director's possession which contain Confidential Information;
 (ii) use its best efforts to prevent any unauthorized use or disclosure of the Confidential
 Information; (iii) notify Company in writing immediately upon discovery of any such unauthorized
 use or disclosure; and (iv) cooperate in every reasonable way to regain possession of any
 Confidential Information and to prevent further unauthorized use and disclosure thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Legal Exceptions.</u> Further notwithstanding the foregoing provisions of this Section 5, Director
 may disclose confidential information as may be expressly required by law, governmental rule,
 regulation, executive order, court order, or in connection with a dispute between the Parties;
 provided that prior to making any such disclosure, subject to applicable law, Director shall
 use its best efforts to: (i) provide Company with prior written notice as soon as reasonably
 possible setting forth with specificity the reason(s) for such disclosure, supporting documentation
 therefor, and the circumstances giving rise thereto; and (ii) limit the scope and duration
 of such disclosure to the strictest possible extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation.</u> Except as specifically set forth herein, no licenses or rights under any patent, copyright,
 trademark, or trade secret are granted by Company to Director hereunder, or are to be implied
 by this Agreement. Except for the restrictions on use and disclosure of Confidential Information
 imposed in this Agreement, no obligation of any kind is assumed or implied against either
 Party or their Affiliates by virtue of meetings or conversations between the Parties hereto
 with respect to the subject matter stated above or with respect to the exchange of Confidential
 Information. Each Party further acknowledges that this Agreement and any meetings and communications
 of the Parties and their affiliates relating to the same subject matter shall not: (i) constitute
 an offer, request, invitation or contract with the other Party to engage in any research,
 development or other work; (ii) constitute an offer, request, invitation or contract involving
 a buyer-seller relationship, joint venture, teaming or partnership relationship between the
 Parties and their affiliates; or (iii) constitute a representation, warranty, assurance,
 guarantee or inducement with respect to the accuracy or completeness of any Confidential
 Information or the non-infringement of the rights of third persons.

6. <u>Intellectual Property Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Disclosure of Work Product.</u> As used in this Agreement, the term "Work Product" means
 any invention, whether or not patentable, know-how, designs, mask works, trademarks, formulae,
 processes, manufacturing techniques, trade secrets, ideas, artwork, software or any copyrightable
 or patentable works. Director agrees to disclose promptly in writing to Company, or any Person
 designated by Company, all Work Product that is solely or jointly conceived, made, reduced
 to practice, or learned by Director as a result of Director's services as a director
 to the Company ("Company Work Product"). Director agrees (a) to use Director's
 best efforts to maintain such Company Work Product in trust and strict confidence; (b) not
 to use Company Work Product in any manner or for any purpose not expressly set forth in this
 Agreement; and (c) not to disclose any such Company Work Product to any third party without
 first obtaining Company's express written consent on a case-by-case basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Ownership of Company Work Product.</u> Director agrees that any and all Company Work Product conceived,
 written, created or first reduced to practice as a result of Director's services as
 a director to the Company shall be deemed "work for hire" under applicable law
 and shall be the sole and exclusive property of Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Assignment of Company Work Product.</u> Director irrevocably assigns to Company all right, title and
 interest worldwide in and to the Company Work Product and all applicable intellectual property
 rights related to the Company Work Product, including without limitation, copyrights, trademarks,
 trade secrets, patents, moral rights, contract and licensing rights (the "Proprietary
 Rights"). Except as set forth below, Director retains no rights to use the Company
 Work Product and agrees not to challenge the validity of Company's ownership in the
 Company Work Product. Director hereby grants to Company a perpetual, non-exclusive, fully
 paid-up, royalty-free, irrevocable and world-wide right, with rights to sublicense through
 multiple tiers of sublicensees, to reproduce, make derivative works of, publicly perform,
 and display in any form or medium whether now known or later developed, distribute, make,
 use and sell any and all Director owned or controlled Work Product or technology that Director
 uses to complete the services and which is necessary for Company to use or exploit the Company
 Work Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Assistance.</u> Director agrees to reasonably cooperate with Company or its designee(s), both during
 and after the Term and at Company's sole expense, in the procurement and maintenance
 of Company's rights in Company Work Product and to execute, when requested, any other
 documents deemed necessary by Company to carry out the purpose of this Agreement. Director
 will reasonably assist Company, at Company's sole expense, to obtain, and from time
 to time enforce, United States and foreign Proprietary Rights relating to Company Work Product
 in any and all countries. Director's obligation to assist Company with respect to Proprietary
 Rights relating to such Company Work Product in any and all countries shall continue beyond
 the termination of this Agreement, but Company shall compensate Director at a reasonable
 rate to be mutually agreed upon for the time actually spent by Director at Company's
 request on such assistance.

7. <u>Director's General Representations and Acknowledgment</u>. Director represents to the Company that Director's
 execution and performance of this Agreement shall not be in violation of any agreement or
 obligation (whether or not written) that Director may have with or to any Person, including
 without limitation, any prior or current employer. The Director hereby acknowledges and agrees
 that this Agreement (and any other agreement or obligation referred to herein) shall be an
 obligation solely of the Company, and the Director shall have no recourse whatsoever against
 any shareholder of Company or any of any of its affiliate or subsidiary companies with respect
 to any matter arising under this Agreement.

 

8. <u>Representations and Warranties Related to Securities</u>. The Shares, any other shares of Common Stock or
 other securities of the Company that may be issued or granted to the Director hereunder or
 pursuant to any other agreement between the Company and the Director in connection with the
 transactions contemplated herein may be referred to as the "Securities", and
 Director represents and warrants to the Company as set forth in this Section 8 with respect
 to the Securities and Director's receipt thereof, as of the Effective Date and as of
 the date of any issuance or granting of any Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Director
 hereby represents that the Securities awarded pursuant to this Agreement are being acquired
 for Director's own account and not for sale or with a view to distribution thereof.
 Director acknowledges and agrees that any sale or distribution of Securities which have vested
 may be made only pursuant to either (a) a registration statement on an appropriate form under
 the Securities Act of 1933, as amended (the "Securities Act"), which registration
 statement has become effective and is current with regard to the shares being sold, or (b)
 a specific exemption from the registration requirements of the Securities Act that is confirmed
 in a favorable written opinion of counsel, in form and substance satisfactory to counsel
 for the Company, prior to any such sale or distribution. Director hereby consents to such
 action as the Board or the Company deems necessary or appropriate from time to time to prevent
 a violation of, or to perfect an exemption from, the registration requirements of the Securities
 Act or to implement the provisions of this Agreement, including but not limited to placing
 restrictive legends on certificates evidencing shares of Securities (whether or not the Restrictions
 applicable thereto have lapsed) and delivering stop transfer instructions to the Company's
 stock transfer agent.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Director
 understands that the Securities are being offered and sold to Director in reliance upon specific
 exemptions from the registration requirements of United States federal and state securities
 laws and that the Company is relying upon the truth and accuracy of, and Director's
 compliance with, the representations, warranties, agreements, acknowledgments and understandings
 of the Director set forth herein in order to determine the availability of such exemptions
 and the eligibility of the Director to acquire the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Director
 has been furnished with all documents and materials relating to the business, finances and
 operations of the Company and information that Director requested and deemed material to
 making an informed investment decision regarding its acquisition of the Securities. Director
 has been afforded the opportunity to review such documents and materials and the information
 contained therein. Director has been afforded the opportunity to ask questions of the Company
 and its management. Director understands that such discussions, as well as any written information
 provided by the Company, were intended to describe the aspects of the Company's business
 and prospects which the Company believes to be material, but were not necessarily a thorough
 or exhaustive description and the Company makes no representation or warranty with respect
 to the completeness of such information and makes no representation or warranty of any kind
 with respect to any information provided by any entity other than the Company. Some of such
 information may include projections as to the future performance of the Company, which projections
 may not be realized, may be based on assumptions which may not be correct and may be subject
 to numerous factors beyond the Company's control. Additionally, Director understands
 and represents that Director is acquiring the Securities notwithstanding the fact that the
 Company may disclose in the future certain material information that the Director has not
 received. Director has sought such accounting, legal and tax advice as Director has considered
 necessary to make an informed investment decision with respect to Director's investment
 in the Securities. Director has full power and authority to make the representations referred
 to herein, to acquire the Securities and to execute and deliver this Agreement. Director,
 either personally, or together with Director's advisors has such knowledge and experience
 in financial and business matters as to be capable of evaluating the merits and risks of
 an investment in the Securities, is able to bear the risks of an investment in the Securities
 and understands the risks of, and other considerations relating to, a purchase of the Securities.
 The Director and Director's advisors have had a reasonable opportunity to ask questions
 of and receive answers from the Company concerning the Securities. Director's financial
 condition is such that Director is able to bear the risk of holding the Securities that Director
 may acquire pursuant to this Agreement for an indefinite period of time, and the risk of
 loss of Director's entire investment in the Company. Director has investigated the
 acquisition of the Securities to the extent Director deemed necessary or desirable and the
 Company has provided Director with any reasonable assistance Director has requested in connection
 therewith. No representations or warranties have been made to Director by the Company, or
 any representative of the Company, or any securities broker/dealer, other than as set forth
 in this Agreement.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Director
 also acknowledges and agrees that an investment in the Securities is highly speculative and
 involves a high degree of risk of loss of the entire investment in the Company and there
 is no assurance that a public market for the Securities will ever develop and that, as a
 result, Director may not be able to liquidate Director's investment in the Securities
 should a need arise to do so. Director is not dependent for liquidity on any of the amounts
 Director is investing in the Securities. Director has full power and authority to make the
 representations referred to herein, to acquire the Securities and to execute and deliver
 this Agreement. Director understands that the representations and warranties herein are to
 be relied upon by the Company as a basis for the exemptions from registration and qualification
 of the issuance and sale of the Securities under the federal and state securities laws and
 for other purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Director
 understands that no United States federal or state agency or any other government or governmental
 agency has passed upon or made any recommendation or endorsement of the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Director
 understands that until such time as the Securities have been registered under the Securities
 Act or may be sold pursuant to Rule 144, Rule 144A under the Securities Act or Regulation
 S without any restriction as to the number of securities as of a particular date that can
 then be immediately sold, the Securities may bear a restrictive legend in substantially the
 following form (and a stop-transfer order may be placed against transfer of the certificates
 for such Securities):

"NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A OR REGULATION S UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES."

 

9. <u>Effect of Waiver</u>. The waiver by either Party of a breach of any provision of this Agreement
 shall not operate or be construed as a waiver of any subsequent breach hereof. No waiver
 shall be valid unless in writing.

 

10. <u>Assignment</u>.
 No Party shall have any power or any right to assign or transfer, in whole or in part, this
 Agreement, or any of its rights or any of its obligations hereunder, including, without limitation,
 any right to pursue any claim for damages pursuant to this Agreement or the transactions
 contemplated herein, or to pursue any claim for any breach or default of this Agreement,
 or any right arising from the purported assignor's due performance of its obligations
 hereunder, without the prior written consent of the other Party and any such purported assignment
 in contravention of the provisions herein shall be null and void and of no force or effect,
 provided that, notwithstanding the foregoing, the Company may transfer, assign or delegate
 to any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise)
 to all or substantially all of the business and/or assets of the Company any of Company's
 rights, obligations or duties hereunder.

11. <u>No Third-Party Rights</u>. Except as expressly provided in this Agreement, this Agreement is
 intended solely for the benefit of the Parties hereto and is not intended to confer any benefits
 upon, or create any rights in favor of, any Person other than the Parties hereto.

12. <u>Entire Agreement; Effectiveness of Agreement</u>. This Agreement sets forth the entire agreement
 of the Parties hereto with respect to the subject matter herein (other than the Indemnification
 Agreement or similar agreement entered into by the Parties) and shall supersede any and all
 prior agreements and understandings between the Director and the Company. This Agreement
 may be changed only by a written document signed by the Director and the Company.

13. <u>Survival</u>.
 The provisions of Section 5, Section 6, and Section 10 through Section 23, inclusive, shall
 survive any termination or expiration of this Agreement, and provided that any expiration
 or termination of this Agreement shall not excuse a Party from compliance with, or fulfillment
 of, any obligations or conditions which arose prior to such expiration or termination.

14. <u>Severability</u>.
 If any one or more of the provisions, or portions of any provision, of the Agreement shall
 be held to be invalid, illegal or unenforceable, the validity, legality or enforceability
 of the remaining provisions or parts hereof shall not in any way be affected or impaired
 thereby.

15. <u>Director and Officer Insurance; Indemnification; Governing Law and Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Director
 shall be covered by the Company's insurance policy or policies providing directors'
 and officers' liability insurance, in accordance with its or their terms, to the maximum
 extent of the coverage available for any of the Company's directors or officers. The
 Company shall indemnify, defend and hold harmless the Director, to the full extent allowed
 by the law of the State of Delaware and other applicable law, and as provided by, or granted
 pursuant to, any charter provision, bylaw provision, agreement (including, without limitation,
 the Indemnification Agreement executed herewith), vote of stockholders or disinterested directors
 or otherwise, both as to action in the Director's official capacity and as to action
 in another capacity while holding such office.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All
 questions concerning the construction, validity, enforcement and interpretation of this Agreement
 shall be determined, and this Agreement shall be governed by and construed and enforced in
 accordance with the internal laws of the State of Delaware, and for all purposes shall be
 construed in accordance with the laws of such state, without giving effect to the choice
 of law provisions of such state.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Subject
 to Section 16, each Party agrees that all legal proceedings concerning this Agreement shall
 be commenced SOLELY IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF
 THE STATE OF FLORIDA, IN EACH CASE LOCATED IN ORANGE COUNTY, FLORIDA (the "Selected
 Courts"). Each Party hereto hereby irrevocably submits to the exclusive jurisdiction
 of the Selected Courts for the adjudication of any dispute hereunder or in connection herewith
 or with any transaction contemplated hereby or discussed herein (including with respect to
 the enforcement of the rights of a Party under this Agreement), and hereby irrevocably waives,
 and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
 subject to the jurisdiction of such Selected Courts, or such Selected Courts are improper
 or inconvenient venue for such proceeding. Each Party hereby irrevocably waives personal
 service of process and consents to process being served in any such suit, action or proceeding
 by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
 of delivery) to such Party at the address in effect for notices to it under this Agreement
 and agrees that such service shall constitute good and sufficient service of process and
 notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
 serve process in any other manner permitted by applicable law.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) TO
 THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL
 RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING
 TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES
 THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
 OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
 FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
 TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
 IN THIS SECTION 15(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Subject
 to the provisions of Section 16, if any Party shall commence an action or proceeding to enforce
 any provisions of this Agreement, then the prevailing Party in such action or proceeding
 shall be reimbursed by the other Party for its attorney's fees and other costs and
 expenses incurred in the investigation, preparation and prosecution of such action or proceeding
 ; provided, however, that the Director shall only be required to reimburse the Company for
 its fees and expenses incurred in connection with any such action or proceeding if the Director's
 position in such action or proceeding was found by the court, arbitrator or other person
 or entity presiding over the dispute to be frivolous or advanced not in good faith.

16. <u>Arbitration</u>.
 Any controversy, claim or dispute arising out of or relating to this Agreement or the Director's
 services to the Company, including, but not limited to, common law and statutory claims for
 discrimination, wrongful discharge, and unpaid wages, shall be resolved by arbitration in
 Orange County, Florida pursuant to then-prevailing National Rules for the Resolution of Employment
 Disputes of the American Arbitration Association. The arbitration shall be conducted by three
 arbitrators, with one arbitrator selected by each Party and the third arbitrator selected
 by the two arbitrators so selected by the Parties. The arbitrators shall be bound to follow
 the applicable Agreement provisions in adjudicating the dispute. It is agreed by both Parties
 that the arbitrators' decision is final, and that no Party may take any action, judicial
 or administrative, to overturn such decision. The judgment rendered by the arbitrators may
 be entered in the Selected Courts. Each Party will pay its own expenses of arbitration and
 the expenses of the arbitrators will be equally shared provided that, if in the opinion of
 the arbitrators any claim, defense, or argument raised in the arbitration was unreasonable,
 the arbitrators may assess all or part of the expenses of the other Party (including reasonable
 attorneys' fees) and of the arbitrators as the arbitrators deem appropriate. The arbitrators
 may not award either Party punitive or consequential damages.

 

17. <u>General Remedies.</u> Each Party acknowledges that a breach by it of its obligations hereunder will
 cause irreparable harm to the other Party, and thus each Party acknowledges that the remedy
 at law for a breach of its obligations under this Agreement will be inadequate and agrees,
 in the event of a breach or threatened breach by such Party of the provisions of this Agreement,
 that the other Party shall be entitled, in addition to all other available remedies at law
 or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions
 restraining, preventing or curing any breach of this Agreement and to enforce specifically
 the terms and provisions hereof, without the necessity of showing economic loss and without
 any bond or other security being required.

18. <u>Expenses</u>.
 Other than as specifically set forth herein, each of the Parties will bear their own respective
 expenses, including legal, accounting and professional fees, incurred in connection with
 this Agreement and the transactions contemplated herein.

19. <u>Notices</u>.
 All notices and other communications hereunder shall be in writing and shall be given by
 hand delivery to the other Party, or by registered or certified mail, return receipt requested,
 postage prepaid, or by email with return receipt requested and received or nationally recognized
 overnight courier service, addressed as set forth below or to such other address as either
 Party shall have furnished to the other in writing in accordance herewith. All notices, requests,
 demands and other communications shall be deemed to have been duly given (i) when delivered
 by hand, if personally delivered, (ii) when delivered by courier or overnight mail, if delivered
 by commercial courier service or overnight mail, and (iii) on receipt of confirmed delivery,
 if sent by email.

If to the Company:

The Sustainable Green Team, Ltd.

Attention: Anthony Raynor

24-200 County Road

Astatula, Florida 34705

Email: traynor@sgtmltd.com

With a copy, which shall not constitute notice, to:

Anthony L.G., PLLC

Attn: John Cacomanolis

625 N. Flagler Drive, Suite 600

West Palm Beach, FL 33401

Email: JCacomanolis@anthonypllc.com

If to Director, to the address for notice as set forth in the books and records of the Company.

20. <u>Headings</u>.
 The section headings contained in this Agreement are inserted for convenience only and shall
 not affect in any way the meaning or interpretation of this Agreement.

21. <u>Counsel</u>.
 The Parties acknowledge and agree that Anthony L.G., PLLC ("Counsel") has acted
 as legal counsel to the Company, and that Counsel has prepared this Agreement at the request
 of the Company, and that Counsel is not legal counsel to Director individually. Each of the
 Parties acknowledges and agrees that they are aware of, and have consented to, the Counsel
 acting as legal counsel to the Company and preparing this Agreement, and that Counsel has
 advised each of the Parties to retain separate counsel to review the terms and conditions
 of this Agreement and the other documents to be delivered in connection herewith, and each
 Party has either waived such right freely or has otherwise sought such additional counsel
 as it has deemed necessary. Each of the Parties acknowledges and agrees that Counsel does
 not owe any duties to Director in Director's individual capacity in connection with
 this Agreement and the transactions contemplated herein. Each of the Parties hereby waives
 any conflict of interest which may apply with respect to Counsel's actions as set forth
 herein, and the Parties confirm that the Parties have previously negotiated the material
 terms of the agreements as set forth herein.

22. <u>Rule of Construction</u>. The general rule of construction for interpreting a contract, which
 provides that the provisions of a contract should be construed against the Party preparing
 the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was
 represented by separate legal counsel in this matter who participated in the preparation
 of this Agreement or such Party had the opportunity to retain counsel to participate in the
 preparation of this Agreement but elected not to do so.

23. I <u>ndemnity</u>.
 The Company and the Director agree that indemnification with respect to the Director's
 service on the Board shall be governed by that certain Indemnification Agreement attached
 as Exhibit A hereto the ("Indemnification Agreement").

24. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in any number
 of counterparts, each of which shall be deemed an original. The signature of any Party which
 is transmitted by any reliable electronic means such as, but not limited to, a photocopy,
 electronically scanned or facsimile machine, for purposes hereof, is to be considered as
 an original signature, and the document transmitted is to be considered to have the same
 binding effect as an original signature or an original document.

 

*[Signatures appear on following page]*

 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

---

| | |
|:---|:---|
| The Sustainable Green team, Ltd. | The Sustainable Green team, Ltd. |
| By: |  |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |
| [__________] | [__________] |
| By: |  |
| Name: | [_____________] |

---

Exhibit A

INDEMNIFICATION AGREEMENT

## Exhibit 10.5

**Exhibit 10.5**

**<u>The Sustainable Green Team, Ltd.</u>**

**<u>Indemnification Agreement</u>**

Dated as of [___________], 2022

This Indemnification Agreement (the "Agreement") dated as of the date first set forth above (the "Effective Date") is entered into by and between The Sustainable Green Team, Ltd., a Delaware corporation (the "Company") and [____________] (the "Indemnitee"). The Company and Indemnitee may collective be referred to as the "Parties" and each individually as a "Party".

WHEREAS, the Parties are the parties to that certain Director Agreement, dated as of the date hereof (the "Director Agreement") which contemplates the entry into this Agreement;

WHEREAS, Indemnitee's service as a director and/or officer of the Company substantially benefits the Company;

WHEREAS, Individuals are reluctant to serve as directors or officers of corporations or in certain other capacities unless they are provided with adequate protection through insurance or indemnification against the risks of claims and actions against them arising out of such service;

WHEREAS, Indemnitee does not regard the protection currently provided by applicable law, the Company's governing documents and any insurance as adequate under the present circumstances, and Indemnitee may not be willing to serve as a director or officer without additional protection;

WHEREAS, in order to induce Indemnitee to continue to provide services to the Company, it is reasonable, prudent and necessary for the Company to contractually obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee as permitted by applicable law; and

WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided in the Company's Certificate of Incorporation and Bylaws, and any resolutions adopted pursuant thereto, and this Agreement shall not be deemed a substitute therefor, nor shall this Agreement be deemed to limit, diminish or abrogate any rights of Indemnitee thereunder;

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Indemnitee hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>**.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A "Change in Control" shall be deemed to occur upon the earliest to occur after the Effective Date of any of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Acquisition of Stock by Third Party. Any Person (as defined below) becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company's then outstanding securities; provided, that any acquisition that occurs as a result of any transaction that has been approved by a majority of the Company's board of directors shall be excluded from the definition of Change in Control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Change in Board Composition. During any period of two consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Company's board of directors, and any new directors (other than a director designated by a Person who has entered into an agreement with the Company to effect a transaction described in Section 1(a)(i), Section 1(a)(iii) or Section 1(a)(iv)) whose election by the board of directors or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the members of the Company's board of directors; provided, that changes in the composition of the Company's board of directors as a result of any transaction that has been approved by a majority of the Company's board of directors shall be excluded from the definition of Change in Control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Other Events. Any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended, whether or not the Company is then subject to such reporting requirement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Person" shall have the meaning as set forth in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended; provided, however, that "Person" shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "Beneficial Owner" shall have the meaning given to such term in Rule 13d-3 under the Securities Exchange Act of 1934, as amended; provided, however, that "Beneficial Owner" shall exclude any Person otherwise becoming a Beneficial Owner by reason of (i) the stockholders of the Company approving a merger of the Company with another entity or (ii) the Company's board of directors approving a sale of securities by the Company to such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "Corporate Status" describes the status of a Person who is or was a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "Disinterested Director" means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee and who meets the requirements of a "disinterested director" as set forth in the DGCL or applicable case law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "Enterprise" means the Company and any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "Expenses" include all reasonable and actually incurred attorneys' fees, retainers, court costs, transcript costs, fees and costs of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond or other appeal bond or their equivalent, and (ii) for purposes of Section 12(d), Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement or under any directors' and officers' liability insurance policies maintained by the Company. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "DGCL" means the Delaware General Corporation Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "Independent Counsel" means a law firm, or a partner or member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such Party (other than as Independent Counsel with respect to matters concerning Indemnitee under this Agreement, or other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any Person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "Proceeding" means any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative nature, including any appeal therefrom and including without limitation any such Proceeding pending as of the Effective Date, in which Indemnitee was, is or will be involved as a party, a potential party, a non-party witness or otherwise by reason of (i) the fact that Indemnitee is or was a director or officer of the Company, (ii) any action taken by Indemnitee or any action or inaction on Indemnitee's part while acting as a director or officer of the Company, or (iii) the fact that he or she is or was serving at the request of the Company as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise, in each case whether or not serving in such capacity at the time any liability or Expense is incurred for which indemnification or advancement of expenses can be provided under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Reference to "other enterprises" shall include employee benefit plans; references to "fines" shall include any excise taxes assessed on a Person with respect to any employee benefit plan; references to "serving at the request of the Company" shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner he or she reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best interests of the Company" as referred to in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Indemnity in Third-Party Proceedings.</u> The Company shall indemnify Indemnitee in accordance with the provisions of this Section 2 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was unlawful.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Indemnity in Proceedings by or in the Right of the Company.</u> The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable to the Company, unless and only to the extent that the or any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as such court shall deem proper.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Indemnification for Expenses of a Party Who is Wholly or Partly Successful.</u> To the extent that Indemnitee is a party to or a participant in and is successful (on the merits or otherwise) in defense of any Proceeding or any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in connection therewith. For purposes of this section, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Indemnification for Expenses of a Witness.</u> To the extent that Indemnitee is, by reason of his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Additional Indemnification.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding any limitation in Section 2, Section 3 or Section 4, the Company shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with the Proceeding or any claim, issue or matter therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For purposes of Section 6(a), the meaning of the phrase "to the fullest extent permitted by applicable law" shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the Effective Date that increase the extent to which a corporation may indemnify its officers and directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Exclusions.</u> Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any Proceeding (or any part of any Proceeding):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance policy, indemnity provision, vote or otherwise, except with respect to any excess beyond the amount paid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for an accounting or disgorgement of profits pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of federal, state or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement arrangements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934, as amended (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to any settlement arrangements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees, agents or other indemnitees, unless (i) the Company's board of directors authorized the Proceeding (or the relevant part of the Proceeding) prior to its initiation, (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law, (iii) otherwise authorized in Section 12(d) or (iv) otherwise required by applicable law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) if prohibited by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Advances of Expenses.</u> The Company shall advance the Expenses incurred by Indemnitee in connection with any Proceeding prior to its final disposition, and such advancement shall be made as soon as reasonably practicable, but in any event no later than 60 days, after the receipt by the Company of a written statement or statements requesting such advances from time to time (which shall include invoices received by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice). Advances shall be unsecured and interest free and made without regard to Indemnitee's ability to repay such advances. Indemnitee hereby undertakes to repay any advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 8 shall not apply to the extent advancement is prohibited by law and shall not apply to any Proceeding (or any part of any Proceeding) for which indemnity is not permitted under this Agreement, but shall apply to any Proceeding (or any part of any Proceeding) referenced in Section 7(b) or Section 7(c) prior to a determination that Indemnitee is not entitled to be indemnified by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Procedures for Notification and Defense of Claim.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification or advancement of Expenses as soon as reasonably practicable following the receipt by Indemnitee of notice thereof. The written notification to the Company shall include, in reasonable detail, a description of the nature of the Proceeding and the facts underlying the Proceeding. The failure by Indemnitee to notify the Company will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights, except to the extent that such failure or delay materially prejudices the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, at the time of the receipt of a notice of a Proceeding pursuant to the terms hereof, the Company has directors' and officers' liability insurance in effect that may be applicable to the Proceeding, the Company shall give prompt notice of the commencement of the Proceeding to the insurers in accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all commercially-reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event the Company may be obligated to make any indemnity in connection with a Proceeding, the Company shall be entitled to assume the defense of such Proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, conditioned or delayed, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee for any fees or expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. Notwithstanding the Company's assumption of the defense of any such Proceeding, the Company shall be obligated to pay the fees and expenses of Indemnitee's separate counsel to the extent (i) the employment of separate counsel by Indemnitee is authorized by the Company, (ii) counsel for the Company or Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company and Indemnitee in the conduct of any such defense such that Indemnitee needs to be separately represented, (iii) the Company is not financially or legally able to perform its indemnification obligations or (iv) the Company shall not have retained, or shall not continue to retain, counsel to defend such Proceeding. The Company shall have the right to conduct such defense as it sees fit in its sole discretion. Regardless of any provision in this Agreement, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee's personal expense. The Company shall not be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Indemnitee shall give the Company such information and cooperation in connection with the Proceeding as may be reasonably appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company shall not be liable to indemnify Indemnitee for any settlement of any Proceeding (or any part thereof) without the Company's prior written consent, which shall not be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company shall not settle any Proceeding (or any part thereof) in a manner that imposes any penalty or liability on Indemnitee without Indemnitee's prior written consent, which shall not be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Procedures upon Application for Indemnification.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To obtain indemnification, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and as is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Proceeding. Any delay in providing the request will not relieve the Company from its obligations under this Agreement, except to the extent such failure is prejudicial.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a determination with respect to Indemnitee's entitlement thereto shall be made in the specific case (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Company's board of directors, a copy of which shall be delivered to Indemnitee or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of two or more of the Disinterested Directors, even though less than a quorum of the Company's board of directors, (B) by a committee of two or more of the Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Company's board of directors, (C) if there are less than two Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Company's board of directors, a copy of which shall be delivered to Indemnitee or (D) if so directed by the Company's board of directors, by the stockholders of the Company. If it is determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the Person or Persons making the determination with respect to Indemnitee's entitlement to indemnification, including providing to such Person or Persons upon reasonable advance request any documentation or information that is not privileged or otherwise protected from disclosure and that is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys' fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating with the Person or Persons making such determination shall be borne by the Company, to the extent permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(b), the Independent Counsel shall be selected as provided in this Section 10(c). If a Change in Control shall not have occurred, the Independent Counsel shall be selected by the Company's board of directors, and the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Company's board of directors, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of "Independent Counsel" as defined in Section 1(i), and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the Person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 20 days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 10(a) and (ii) the final disposition of the Proceeding, the Parties have not agreed upon an Independent Counsel, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other's selection of Independent Counsel and for the appointment as Independent Counsel of a Person selected by the court or by such other Person as the court shall designate, and the Person with respect to whom all objections are so resolved or the Person so appointed shall act as Independent Counsel under Section 10(b). Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a), the Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company agrees to pay the reasonable fees and expenses of any Independent Counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Presumptions and Effect of Certain Proceedings.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In making a determination with respect to entitlement to indemnification hereunder, the Person or Persons making such determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement, and the Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself create a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct was unlawful.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither the knowledge, actions nor failure to act of any other director, officer, agent or employee of the Enterprise shall be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Remedies of Indemnitee.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to Section 12(e), in the event that (i) a determination is made pursuant to Section 10 that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 or Section 12(d), (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10 within 90 days after the later of the receipt by the Company of the request for indemnification or the final disposition of the Proceeding, (iv) payment of indemnification pursuant to this Agreement is not made (A) within ten days after a determination has been made that Indemnitee is entitled to indemnification or (B) with respect to indemnification pursuant to Section 4, Section 5 and Section 12(d), within 30 days after receipt by the Company of a written request therefor, or (v) the Company or any other Person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of competent jurisdiction of his or her entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in arbitration with respect to his or her entitlement to such indemnification or advancement of Expenses, to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause shall not apply in respect of a proceeding brought by Indemnitee to enforce his or her rights under Section 4. The Company shall not oppose Indemnitee's right to seek any such adjudication or award in arbitration in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Neither (i) the failure of the Company, its board of directors, any committee or subgroup of the board of directors, Independent Counsel or stockholders to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor (ii) an actual determination by the Company, its board of directors, any committee or subgroup of the board of directors, Independent Counsel or stockholders that Indemnitee has not met the applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable standard of conduct. In the event that a determination shall have been made pursuant to Section 10 that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits, and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall, to the fullest extent not prohibited by law, have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the fullest extent not prohibited by law, the Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. If a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee's statements not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent not prohibited by law, the Company shall indemnify Indemnitee against all Expenses that are incurred by Indemnitee in connection with any action for indemnification or advancement of Expenses from the Company under this Agreement or under any directors' and officers' liability insurance policies maintained by the Company to the extent Indemnitee is successful in such action, and, if requested by Indemnitee, shall (as soon as reasonably practicable, but in any event no later than 60 days, after receipt by the Company of a written request therefor) advance such Expenses to Indemnitee, subject to the provisions of Section 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification shall be required to be made prior to the final disposition of the Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Contribution.</u> To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amounts incurred by Indemnitee, whether for Expenses, judgments, fines or amounts paid or to be paid in settlement, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the events and transactions giving rise to such Proceeding; and (ii) the relative fault of Indemnitee and the Company (and its other directors, officers, employees and agents) in connection with such events and transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Non-exclusivity.</u> The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company's Certificate of Incorporation or Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Company's Certificate of Incorporation and Bylaws and this Agreement, it is the intent of the Parties that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change, subject to the restrictions expressly set forth herein or therein. Except as expressly set forth herein, no right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. Except as expressly set forth herein, the assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>No Duplication of Payments.</u> The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received payment for such amounts under any insurance policy, contract, agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Insurance.</u> To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, trustees, general partners, managing members, officers, employees, agents or fiduciaries of the Company or any other Enterprise, Indemnitee shall be covered by such policy or policies to the same extent as the most favorably-insured Persons under such policy or policies in a comparable position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Subrogation.</u> In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Services to the Company.</u> Indemnitee agrees to serve as a director or officer of the Company or, at the request of the Company, as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of another Enterprise, for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his or her resignation or is removed from such position. Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that any employment with the Company (or any of its subsidiaries or any Enterprise) is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, with or without notice, except as may be otherwise expressly provided in any executed, written employment contract between Indemnitee and the Company (or any of its subsidiaries or any Enterprise), any existing formal severance policies adopted by the Company's board of directors or, with respect to service as a director or officer of the Company, the Company's Certificate of Incorporation or Bylaws or the DGCL. No such document shall be subject to any oral modification thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Duration.</u> This Agreement shall continue until and terminate upon the later of (a) ten years after the date that Indemnitee shall have ceased to serve as a director or officer of the Company or as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of any other Enterprise, as applicable; or (b) one year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Successors.</u> This Agreement shall be binding upon the Company and its successors and assigns, including any direct or indirect successor, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Company, and shall inure to the benefit of Indemnitee and Indemnitee's heirs, executors and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. Other than as set forth herein, no Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement, or any right arising from the purported assignor's due performance of its obligations hereunder, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Severability; Limitation.</u> Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. All obligations of the Company hereunder shall be subject to any limitations in, and any requirements of, the DGCL as it may be in place at the applicable time. The Company's inability, pursuant to court order or other applicable law, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (ii) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the Parties; and (iii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. <u>Enforcement.</u> The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. <u>Entire Agreement.</u> This Agreement and the Director Agreement constitute the entire agreement between the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral, written and implied, between the Parties with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Company's Certificate of Incorporation and Bylaws and applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. <u>Modification and Waiver.</u> No supplement, modification or amendment to this Agreement shall be binding unless executed in writing by both Parties. No amendment, alteration or repeal of this Agreement shall adversely affect any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. No waiver of any of the provisions of this Agreement shall constitute or be deemed a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. <u>Governing Law and Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined, and this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, and for all purposes shall be construed in accordance with the laws of such state, without giving effect to the choice of law provisions of such state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to Section 26, each Party agrees that all legal proceedings concerning this Agreement shall be commenced SOLELY IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF DELAWARE, IN EACH CASE LOCATED IN ORANGE COUNTY, FLORIDA (the "Selected Courts"). Each Party hereto hereby irrevocably submits to the exclusive jurisdiction of the Selected Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of the rights of a Party under this Agreement), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such Selected Courts, or such Selected Courts are improper or inconvenient venue for such proceeding. Each Party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such Party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 25(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Subject to the provisions of Section 26, if any Party shall commence an action or proceeding to enforce any provisions of this Agreement, then the prevailing Party in such action or proceeding shall be reimbursed by the other Party for its attorney's fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. <u>Arbitration</u>. Any controversy, claim or dispute arising out of or relating to this Agreement shall be resolved by arbitration in Orange County, Florida pursuant to then-prevailing National Rules for the Resolution of Employment Disputes of the American Arbitration Association. The arbitration shall be conducted by three arbitrators, with one arbitrator selected by each Party and the third arbitrator selected by the two arbitrators so selected by the Parties. The arbitrators shall be bound to follow the applicable Agreement provisions in adjudicating the dispute. It is agreed by both Parties that the arbitrators' decision is final, and that no Party may take any action, judicial or administrative, to overturn such decision. The judgment rendered by the arbitrators may be entered in the Selected Courts. Each Party will pay its own expenses of arbitration and the expenses of the arbitrators will be equally shared provided that, if in the opinion of the arbitrators any claim, defense, or argument raised in the arbitration was unreasonable, the arbitrators may assess all or part of the expenses of the other Party (including reasonable attorneys' fees) and of the arbitrators as the arbitrators deem appropriate. The arbitrators may not award either Party punitive or consequential damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. <u>General Remedies.</u> Each Party acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the other Party, and thus each Party acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by such Party of the provisions of this Agreement, that the other Party shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. <u>Expenses</u>. Other than as specifically set forth herein, each of the Parties will bear their own respective expenses, including legal, accounting and professional fees, incurred in connection with this Agreement and the transactions contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. <u>Notices</u>. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party, or by registered or certified mail, return receipt requested, postage prepaid, or by email with return receipt requested and received or nationally recognized overnight courier service, addressed as set forth below or to such other address as either Party shall have furnished to the other in writing in accordance herewith. All notices, requests, demands and other communications shall be deemed to have been duly given (i) when delivered by hand, if personally delivered, (ii) when delivered by courier or overnight mail, if delivered by commercial courier service or overnight mail, and (iii) on receipt of confirmed delivery, if sent by email.

If to the Company:

The Sustainable Green Team, Ltd.

Attention: Anthony Raynor

24-200 County Road

Astatula, Florida 34705

Email: traynor@sgtmltd.com

With a copy, which shall not constitute notice, to:

Anthony L.G., PLLC

Attn: John Cacomanolis

625 N. Flagler Drive, Suite 600

West Palm Beach, FL 33401

Email: JCacomanolis@anthonypllc.com

If to Indemnitee, to the address for notice as set forth in the books and records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. <u>Headings</u>. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. <u>Counsel</u>. The Parties acknowledge and agree that Anthony L.G., PLLC ("Counsel") has acted as legal counsel to the Company, and that Counsel has prepared this Agreement at the request of the Company, and that Counsel is not legal counsel to Indemnitee individually. Each of the Parties acknowledges and agrees that they are aware of, and have consented to, the Counsel acting as legal counsel to the Company and preparing this Agreement, and that Counsel has advised each of the Parties to retain separate counsel to review the terms and conditions of this Agreement and the other documents to be delivered in connection herewith, and each Party has either waived such right freely or has otherwise sought such additional counsel as it has deemed necessary. Each of the Parties acknowledges and agrees that Counsel does not owe any duties to Indemnitee in Indemnitee's individual capacity in connection with this Agreement and the transactions contemplated herein. Each of the Parties hereby waives any conflict of interest which may apply with respect to Counsel's actions as set forth herein, and the Parties confirm that the Parties have previously negotiated the material terms of the agreements as set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. <u>Rule of Construction</u>. The general rule of construction for interpreting a contract, which provides that the provisions of a contract should be construed against the Party preparing the contract, is waived by the Parties hereto. Each Party acknowledges that such Party was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or such Party had the opportunity to retain counsel to participate in the preparation of this Agreement but elected not to do so<u>.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. The signature of any Party which is transmitted by any reliable electronic means such as, but not limited to, a photocopy, electronically scanned or facsimile machine, for purposes hereof, is to be considered as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature or an original document.

[Signatures appear on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

---

| | |
|:---|:---|
| The Sustainable Green Team, Ltd. | The Sustainable Green Team, Ltd. |
| By: |  |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |
| [____________] | [____________] |
| By: |  |
| Name: | [____________] |

---

## Exhibit 10.6

**Exhibit 10.6**

![](ex10-6_001.jpg)

**THE SUSTAINABLE GREEN TEAM LTD.**

**EMPLOYMENT, CONFIDENTIALITY, NON-COMPETE AND**

**NON-SOLICITATION AGREEMENT**

**FOR**

**ANTHONY RAYNOR**

THIS EMPLOYMENT, CONFIDENTIALITY, NON-COMPETE AND NONSOLICITATION AGREEMENT (this "Agreement") is entered into effective as of the 1<sup>st</sup> day of February, 2020 (as required under Section 1.6(f) of that certain Business Combination Agreement effective as of January 31, 2020.) As a condition of my employment with The Sustainable Green Team, Ltd., a Delaware corporation, its subsidiaries, affiliates, successors or assigns (collectively, the "Company"), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Employment.** The Company hereby agrees to employ me as an Employee and I hereby agree to work for the Company upon the terms and conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Term** - I UNDERSTAND AND ACKNOWLEDGE THAT MY EMPLOYMENT WITH THE COMPANY IS FOR A PERIOD OF FIVE (5) YEARS AND UNLESS OTHERWISE EXTENDED, IS FOR AN UNSPECIFIED DURATION AND FOLLOWING THE TERM OR EXTENSION THEREOF, CONSTITUTES "AT-WILL" EMPLOYMENT. I ACKNOWLEDGE THAT THIS EMPLOYMENT RELATIONSHIP MAY BE ONLY BE TERMINATED BY THE COMPANY FOR CAUSE AND UNDER CERTIN CIRCUMSTANCES, THAT I MAY TERMINATE MY EMPLOYMENT AT ANY TIME WITH OR WITHOUT NOTICE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **3.** **Scope of Duties; Representations and Warranties.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) I will have such duties as are assigned or delegated to me by The Sustainable Green Team, Ltd.'s Board of Directors, and during the term hereof, will serve as the President and Chief Executive Officer of The Sustainable Green Team, Ltd., a Delaware corporation, National Storm Recovery, LLC, a Delaware limited liability company, Mulch Manufacturing, Inc., an Ohio corporation together with any other subsidiaries that The Sustainable Green Team, Ltd. may acquire. I will devote all necessary and reasonable business time, attention, skills, and energy to the business of the Company and its subsidiaries and will use my best efforts to promote the success of the Company and its business, and will cooperate fully with their respective Boards of Directors in the advancement of the best interests of the Company and its subsidiaries and ultimately, its shareholders. Notwithstanding the forgoing, as my responsibilities increase along with the Company's business, I understand that it may be necessary and desirable to appoint other individuals to manage different business segments and / or subsidiaries. However, in that event, if my compensation has been increased due to my increased responsibility, the appointment of other's to replace me as the President or CEO in such subsidiaries will not result in a decrease in my base compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) I represent and warrant that by my execution and delivery of this Agreement I do not, and the performance of my obligations hereunder will not, with or without the giving of notice or the passage of time, or both: (i) violate any judgment, writ, injunction, or order of any court, arbitrator, or governmental agency applicable to me, (ii) conflict with, result in the breach of any provisions of or the termination of, or constitute a default under, any agreement to which I am a party or by which I am or may be bound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) I understand that from time to time the Company may engage and use professional employment organizations ("PEO'(s)") to address its human resources, payroll, insurance and other employment related needs. Many PEO's use the term "co-employment," to describe the relationship between an employee on the one hand and the PEO and the PEO's client on the other hand; in that event I may be deemed to be an employee of the Company and the PEO. In the event that the Company elects to use a PEO or change from one PEO to another, my employment with the Company will remain unchanged with respect to my obligations to the Company under this agreement; and, in the event of any inconsistency or contradictory provision contained in any PEO agreement to which the Company or I am a party, the terms of this Agreement shall control and supersede the terms of such other agreement ..

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **4.** **Compensation.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall initially pay me base compensation of One Hundred Fifty Thousand Dollars ($150,000) per year. Each sum is referred to as "base compensation" which will be payable in equal periodic installments according to the Company's customary payroll practices, but no less frequently than bi-monthly, subject to adjustment as provided below. My base compensation will be reviewed by the Board of Directors of the Company not less frequently than annually, and may be adjusted upward in the sole discretion of the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All payments of salary and other compensation paid to me shall be made after deduction of any taxes and other amounts which are required to be withheld with respect thereto under applicable federal and state laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As additional consideration under this Agreement, as an officer and director of the Company, to the extent that they are available, I will be eligible to receive stock options for the purchase of the common stock, stock grants, and/or such other securities of the Company as the board of directors has determined to be appropriate as compensation.

Page 2 of **15**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5.** **Fringe Benefits; Expenses.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) So long as I am employed by the Company, I will be eligible to participate in all employee benefit plans sponsored by the Company for its employees in accordance with the Company's policies, including but not limited to vacation policy, sick leave and disability leave, life insurance, health insurance, dental insurance, and stock ownership and/or profit sharing plans; provided, however, that the nature, amount and limitations of such plans shall be determined from time to time by the Board of Directors of the Company and/or the Compensation Committee, to the extent such committee is established. I understand that by being eligible to participate in benefits such as health insurance, dental insurance and life insurance, participation will be subject to employee contributions which may change from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall reimburse me for all approved reasonable business expenses incurred by me in the scope of my employment; provided, however, that such expenses must be pre approved and I must file expense reports with respect to such expenses in accordance with the Company's policies as are in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) I am entitled to paid vacation in accordance with the vacation policies of the Company in effect from time to time. I will also be entitled to the paid holidays and other paid leave set forth in the Company's policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In addition to my compensation and eligibility to receive the benefits described above, there are certain specific benefits that I will receive incidental to my employment these are (i) Automobile Allowance or alternatively, a Company vehicle; (ii) Insurance; (iii) Company Credit Cards; (iv) Company Cell Phone; and (v) Computer and Data Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Automobile Allowance - So long as I am employed by the Company I may receive a monthly car allowance that will cover the cost/lease of the vehicle, maintenance, fuel and insurance. The vehicle to be furnished to me shall be agreed upon by Company and me from time to time. I acknowledge that I may recognize taxable income in connection with Company's providing an auto allowance. In the event of my termination, I will promptly return the Company vehicle which I have been provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Company Provided Insurance - The Company will provide me and my family with insurance as part of my employment. So long as I am employed by the Company I will continue to be eligible to participate in these policies but they may be adjusted, changed or amended from time to time by the Board of Directors and/or the Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Company Credit Card - The Company will provide me with an American Express and one additional credit card for use solely for the Company and all statements will be sent directly to the Company and the Chairman of the Board of Directors. In the event of my termination, I will promptly return the company credit cards which I have been provided to the Company and will cease using them immediately upon notification of my termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Cell Phone - The Company will furnish me with a mobile or cellular telephone for my use and shall pay all charges in connection therewith. The telephone to be furnished to me shall be agreed upon by Company and me from time to time. In the event of my termination, I will promptly return the company cell phone which I have been provided to the Company but I may "port" the cellular number to another phone which I purchase.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Computer and Data Plan - The Company will furnish me with a computer for my use and shall pay all charges in connection therewith, to the extent necessary for the Company's business. The computer to be furnished to me shall be agreed upon by Company and me from time to time. In the event of my termination, I will promptly return the computer which I have been provided to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. Termination.** I agree that my employment may be terminated by the Company with or without "Cause" at any time, subject to the terms of this Section 6 it being understood that during the Term and any renewal, I may only be terminated for Cause and if I am terminated without Cause, I will be entitled to the severance provisions of Section 6(c). Such termination shall be effective upon delivery of written notice to me of the Company's election to terminate my employment under this Section 6. Similarly, if I resign my I will only be entitled to the severance provisions contained in Section 6 (c) if such resignation was for a "good reason" as defined in Section 6(b) hereof

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Definition of "Cause".* When used in connection with the termination of employment with the Company, "Cause" shall mean: (i) my willful failure to substantially perform my duties as a chief executive officer, other than due to health reasons, after receiving specific notice of the deficiency and failing to address it and (ii) my willful engagement in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company; (iii) the commission by me of an act of fraud upon the Company or any of its affiliates or the misappropriation of any funds or property of the Company or any of its affiliates by me; (iv) my engagement in any direct, material conflict of interest with the Company, without compliance with the Company's conflict of interest policy, if any, then in effect and without failing to address it; (v) my engagement, without the written approval of the Board of Directors of the Company, in any activity which competes with the business of the Company or any of its affiliates or which would result in a material injury to the Company or any of its affiliates; or (iv) my failure to sign any lock-up letters, standstill agreements, or other similar documentation required by an underwriter in connection with an offering or listing of securities by the Company or failure to take other actions reasonably related thereto as requested by the Board of Directors of the Company. In order to establish Cause existed with respect to my termination, the Company must establish its existence by clear and convincing evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) *Termination/or Cause or Resignation.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) If the Company terminates my employment for Cause, the Company shall pay any salary or wages earned through the date of termination, but all rights to any other compensation or benefits arising hereunder shall be canceled and terminated in all respects concurrently with such termination of employment; provided that I may elect to continue to participate, at my own expense, in such health insurance and other benefits as to which the opportunity for continuing participation is mandated by applicable law at my own expense.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If I voluntarily resign from employment with the Company for any reason other than for "good reason," the Company shall pay any salary or wages earned through the date of termination, but all rights to any other compensation or benefits arising hereunder shall be canceled and terminated in all respects concurrently with such termination of employment; provided that I may elect to continue to participate, at my own expense, in such health insurance and other benefits as to which the opportunity for continuing participation is mandated by applicable law at my own expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If I voluntarily resign from employment with the Company for "good reason," I shall be entitled to all compensation payable under Section 6(c) hereof, as though I was terminated Without Cause by the Company. "Good Reason" shall mean: the reduction in my salary or other compensation without my written agreement; a material reduction in my duties, responsibility or authority without my written consent or there is a Change in Control of the Company that has taken place without my written agreement; failure by the Company to timely make compensation or expense reimbursement payments; and the Company's breach of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Termination Without Cause.* In the event that my employment is terminated by the Company Without Cause, the Company shall, subject to the terms of subsections (d) and (e) of this Section 6 below, and only if and as long as I am not in breach of my obligations under this Agreement, pay to me the greater of: (i) a lump sum in an amount equal to the balance of payments yet due under this Agreement including the Company -paid benefits as described in Section 5 for me and my family through the end of the Term or (ii) a lump sum equal to three (3) years compensation at my then current salary or wages provide benefits in the kind and amounts provided up to the date of termination for such three (3) year period, including continuation of any Company-paid benefits as described in Section 5 for me and my family.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Disability; Death.* If at any time during the term of this Agreement, I am unable due to physical or mental disability to perform effectively my duties hereunder, the Company shall continue payment of compensation as provided in Section 4 during the six (6) months of such disability to the extent not covered by the Company's disability insurance policies. Upon the expiration of such six (6) month period, the Company, at its sole option, may continue payment of my salary or wages for such additional periods as the Company elects, or may terminate this Agreement without further obligations hereunder. If I should die during the term of this Agreement, my employment and the Company's obligations hereunder shall terminate as of the day that my death occurs and there will be no salary, wages and benefit continuation period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Securities Matters.* I agree that I will sign any lock-up letters, standstill agreements, or other similar documentation required by an underwriter in connection with a public offering of securities by The Sustainable Green Team, Ltd. or take other actions reasonably related thereto as requested by the Board of Directors of the Company. Failure to take any such action shall be "Cause" for termination, or if termination has already occurred, shall cause me to forfeit any further rights to the salary or wage continuation or other payments that would otherwise be payable to me. In addition, I agree that in such event the Company can seek and obtain specific performance of such covenant, including any injunction requiring execution of such documents and the taking of such actions, and I hereby appoint the then current president of the Company to sign any such documents on my behalf so long as such documents are prepared on the same basis as other management shareholders generally.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If Severance is Deemed to be a Parachute Payment(s). If any of the payments provided for in this Agreement, together with any other payments or benefits that I have the right to receive from the Company and its subsidiaries or any member of an affiliated group of corporations (as defined in Code Section 1504, without regard to Code Section 1504(b)) of which either Company or any subsidiary is a member (together, the "Payments") would constitute a parachute payment (as defined in Code Section 280G(b)(2)) that is subject to the excise tax imposed by Code Section 4999 (the "Excise Tax"), Company will cause to be determined, before any Payments are made, which of the following two (2) alternatives would maximize my after-tax proceeds: (i) payment in full of the entire amount of the Payments; or (ii) payment of only a part of the Payments, reduced to the minimum extent necessary so that I receive the largest Payments possible without the imposition of the Excise Tax ("Reduced Payments"). If it is determined that Reduced Payments will maximize my after-tax benefit, then (1) cash compensation subject to the six (6)-month delay rule in Code Section 409A(a)(2)(B)(i) shall be reduced first, then cash payments that are not so subject shall be reduced, (2) the Payments shall be paid only to the extent permitted under the Reduced Payments alternative, and (3) I will have no rights to any additional payments and/or benefits constituting the Payments. Unless the Company and I otherwise agree in writing, any determination required under this Section 5 shall be made in writing by independent public accountants agreed to by the Company and me (the "Accountants"), who shall be paid solely by the Company and whose determination shall be conclusive and binding upon the Company and me for all purposes. For purposes of making the calculations required by this Section 6(f), the Accountants may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and I shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make the required determinations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) As stated in Section 2. above, the Term of this Agreement is for a period of Five(5) Years, it will automatically renew for an additional Five (5) Year term unless, notice is given to the contrary by one Party to the other at least Ninety (90) Days prior the end of the Initial Term. In the case of my notice, unless such notice states that such non-renewal means that I am resigning at the end of the Initial Term or the Successive Term, I shall continue on an "at-will" basis under the same compensation and benefit structure as existed at the end of such term. Similarly, in the case of the Company's notice, unless such notice states that such non-renewal means that I my employment will terminate, I shall continue on an "at-will" basis under the same compensation and benefit structure as existed at the end of such term.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **7.** **Confidential Information.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Company Information.* I agree at all times during the term of my employment and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Company, any Confidential Information of the Company. I understand that "Confidential Information" means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research and development, product plans, products, services, information regarding the skills and compensation of employees of the Company; the identity of the Company's clients, potential clients, customers and potential customers (hereinafter referred to collectively as "Customers"), the particular preferences, likes, dislikes and needs of those Customers; Customer information regarding contact persons, pricing, sales calls, timing, sales terms, and service plans; methods, practices, strategies, forecasts, and other marketing techniques; the identities of key accounts and potential key accounts; the identities of the Company's suppliers, independent contractors and consultants, and information regarding contact persons, pricing, sales calls, timing, sales terms, and service plans; methods, practices, strategies, forecasts, and other techniques of the forgoing; markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, :finances or other business information, strategy and cost data; disclosed to me by the Company either directly or indirectly in writing, orally or by drawings or observation of parts or equipment. I further understand that Confidential Information does not include any of the foregoing items which have become publicly known and made generally available through no direct or indirect wrongful act of mine or others who were under confidentiality obligations as to the item or items involved. Further Confidential Information does not include information that is required to be disclosed by order of a governmental agency or by a court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Third Party Information.* I recognize that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out my work for the Company consistent with the Company's agreement with such third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Continuing Obligations.* The obligations of this Section 7 shall survive the expiration or termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **8.** **Covenant Not to Compete, Non-Solicitation.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Non Competition and Non Solicitation:* I agree that beginning with the effective date of this Agreement and continuing for a period of one (1) year after the termination of my employment, I will not alone, or in any capacity with another entity or individual, within any geographic location in which the Company, at the date of the termination of my employment, has engaged or has plans to engage in any business:

i.) directly or indirectly participate or support in any capacity (e.g. as an advisor, principal agent, partner, member, governor, officer, director, manager, shareholder, owner, employee or otherwise) the design, development, manufacture, sale, solicitation of sale, marketing, testing, research, or other business activities for the Company that treats, performs, addresses the same or substantially similar processes, procedures or markets as a Company Product as defined herein. "Company Product" means any actual or projected product, product line or service that has been designed; developed (or is under active development), manufactured, marketed or sold by the Company continuing through the termination of my employment. Such Company Products shall include but not be limited to the methods, designs or processes of providing tree maintenance, cutting, hauling, disposal, grinding, chipping, storing, processing, packaging tree waste and wood material, and mulch; as well as selling, marketing, advertizing, advertising any part of the forgoing together with the zone of foreseeable expansion.

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ii.) call upon, solicit, contact or serve any of the then-existing customers, vendors or suppliers that have had a relationship with Company during the preceding eighteen (18) months, or any potential customers, vendors or suppliers that were solicited by Company during the preceding eighteen (18) months in connection with a product or service that competes with a Company Product;

iii.) disrupt, damage or impair (or attempt to do the same) with the business of the Company whether by way of interfering with or disrupting the Company's relationship with its employees, customers, agents, representatives or vendors, or

iv.) employ or attempt to employ (by assisting anyone else in the solicitation of) any of the Company's current employees on behalf of any other entity or person, whether or not such entity or person competes with the Company or any Company Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) I agree that the limitations set forth herein on my rights to compete with the Company and its affiliates are reasonable and necessary for the protection of the Company and its affiliates. In this regard, I specifically agree that the limitations as to period of time and geographic area, as well as all other restrictions on my activities specified herein, are reasonable and necessary for the protection of the Company and its affiliates. In this regard I specifically acknowledge that, given the narrow scope of the Company's operations, long lead times in the production and sales cycle, and the national and even global nature of the Company Products, it is difficult to limit the forgoing, therefore the limitations set forth herein should be construed as widely as possible. I agree that, in the event that the provisions of this Agreement should ever be deemed to exceed the scope of business, time or geographic limitations permitted by applicable law, such provisions shall be and are hereby reformed to the maximum scope of business, time or geographic limitations permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) I agree that the remedy at law for any breach by me of this Section 8 will be inadequate and that the Company shall also be entitled to injunctive relief without the necessity of posting any bond or other security, due to irreparable harm that such breach would cause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. Returning Company Documents.** I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items developed by me pursuant to my employment with the Company or otherwise belonging to the Company, its affiliates, successors or assigns

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. Notification of New Employer.** In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company to my new employer about my rights and obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. Representations.** I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I represent that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered into, and I agree I will not enter into, any oral or written agreement in conflict herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Indemnification.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Certain Definitions.</u> In the prov1s10n of indemnification benefits to Employee both the Company and the Company, on behalf of each of its subsidiaries, agree that they shall be jointly and severally responsible to Employee for the performance under this Section 12. As used in this Section 12, the following defined terms have the meanings indicated below:

<u>"Claim"</u> means any threatened, pending or completed action, suit or proceeding (whether civil, criminal, administrative, formal or informal investigative or other), whether instituted by the Company, its shareholders or any other person, or any inquiry or investigation that the Employee in good faith believes might lead to the institution of any such action, suit or proceeding.

<u>"Expenses"</u> means all attorneys' fees and all other fees, costs, expenses and obligations paid or incurred in connection with investigating, defending or participating (as a party, witness or otherwise) in (including on appeal), or preparing to defend or participate in, any Claim relating to any Indemnifiable Event (as defined below), including the costs and expenses of the Employee seeking enforcement of the provisions of this Section 12.

<u>"Indemnifiable Event"</u> means any event or occurrence relating to or directly or indirectly arising out of, or any action taken or omitted to be taken in connection with the provision of, (1) the services provided under this Agreement, (2) the Employee's rendering of advice to the Company or any shareholder or investor, (3) the Employee's association with the Company, any Company subsidiary. or any party with whom the Company or a Company subsidiary has entered into or proposed to enter into any transaction or (4) any related matters.

<u>"Loss"</u> means any and all damages, judgments, fines, penalties, amounts paid or payable in settlement, deficiencies, losses and Expenses (including all interest, assessments, and other charges paid or payable in connection with or in respect of such Losses).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) <u>Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In the event the Employee, in connection with his provision of the services under this Agreement or his association with the Company, is or becomes a party to or other participant in, or is threatened to be made a party to or other participant in, a Claim by reason of (or arising or allegedly arising in any manner out of or relating to in whole or in part) an Indemnifiable Event or the Employee's provision of the services, or the Company, to the fullest extent permitted by applicable law, shall indemnify and hold harmless the Employee from and against any and all Losses suffered, incurred or sustained by the Employee or to which the Employee becomes subject, resulting from, arising out of or relating to such Claim (it being understood that except as provided in Section 12(b)(iii) below with respect to Expenses, reimbursements of any such Losses shall be made as soon as practicable but in any event no later than 7 days after written request (a <u>"Claim Notice")</u> is made to the Company accompanied by supporting documentation). The Employee shall give the Company written notice of any Claim (accompanied by such reasonable supporting documentation as may be in the Employee's possession) as soon as practicable after the Employee becomes aware thereof; <u>provided,</u> that the failure of the Employee to give such notice shall not relieve the Company of its indemnification obligations under this Agreement, except to the extent that such failure materially prejudices the rights of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event of any claim against the Employee, the indemnification procedures shall be conducted in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Notification.</u> The Employee shall promptly notify the Company upon commencement of a proceeding for which the Employee intends to seek indemnification against damages, and/or advancement of expenses. Failure to notify the Company will not relieve the Company from its obligations, if any, to indemnify, and advance expenses of, the Employee with regard to any liabilities incurred and expenses paid prior to such notification unless, and then only to the extent that the Company has been damaged by such delay in notification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Assumption of Defense.</u> The Company, alone or jointly with any other indemnifying party, assume the defense of a proceeding for the Company received notice or otherwise, and shall promptly notify the Employee as to whether the Company will assume such defense. If the Company assumes such defense the Company will not be liable to the Employee for any expenses subsequently incurred by the Employee in connection with the defense of such proceeding unless the Employee shall have reasonably concluded that there is a conflict of interest between the Company, on the one hand and the Employee, on the other (or between the Employee and one or more other indemnitees whose defense has been assumed by the Company), in the conduct of the defense of the proceeding, and such conclusion is supported by an opinion of counsel experienced in the defense of litigation against corporate directors and officers, which counsel and opinion shall be satisfactory to the Company and its legal counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Approval of Employee's Counsel.</u> In the event the Company doesn't assume the defense of the proceeding, the Employee may engage legal counsel to conduct such defense. In such event the Company shall have the right to approve the Employee's choice of counsel and the terms of engagement of such counsel, which approval shall not be unreasonably withheld. With respect to its approval, the Company may consider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Whether the Employee is cooperating in the selection of counsel with the Company and other indemnitees so that all indemnitees are represented by one law firm except to the extent Paragraph 2 regarding conflicts of interest is applicable and satisfied;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The experience of such counsel in similar matters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) The financial arrangements with such counsel; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) To the extent the Company has obtained insurance applicable to such proceeding, whether such insurance company has consented to the Employee's choice of counsel and the terms of engagement of such counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Settlements.</u> The Company shall not be liable to indemnify Employee for any amounts paid in settlement of any proceeding effected without the Company's prior written consent. The Company shall not settle any action or claim in any manner which would impose any non-indemnified penalty, limitation, expense or liability on the Employee without the Employee's prior written consent. The Company nor the Employee will unreasonably withhold their consent to any proposed settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Right to Counsel.</u> With respect to any proceeding as to which the Company has not assumed the defense, the Company may engage their own counsel, at their expense, to assist in the defense of such proceeding. With respect to any proceeding as to which the Company has assumed the defense, the Employee may engage his own counsel at his own expense, to assist in the defense of the proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Employee's right to indemnification in this Section 12 shall include the right of the Employee to be advanced by the Company any Expenses incurred in connection with any Indemnifiable Event as such expenses are incurred by the Employee; <u>provided, however,</u> that all amounts advanced in respect of such Expenses shall be repaid to the Company by the Employee if it shall ultimately be determined in a final judgment by clear and convincing evidence that the Employee is not entitled to be indemnified for such Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Partial Indemnity, Etc</u>. If the Employee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of any Loss, but not for all of the total amount thereof, the Company shall nevertheless indemnify the Employee for the portion thereof to which the Employee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that the Employee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, the Employee shall be indemnified against all Expenses incurred in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>No Presumptions.</u> For purposes of this Agreement, the termination of any claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval), or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that the Employee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Non-exclusivity, Etc</u>. The rights of the Employee hereunder shall be in addition to any other rights the Employee may have under any by-law, insurance policy, law of the State of Florida, the common law, or otherwise. To the extent that a change in applicable law (whether by statute or judicial decision) would permit greater indemnification by agreement than would be afforded currently under this Agreement, it is the intent of the parties hereto that the Employee shall enjoy by this Agreement the greater benefits so afforded by such change.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Subrogation.</u> In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Employee and the Employee shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>No Duplication of Payments.</u> The Company shall not be liable under this Agreement to make any payment in connection with the Claim made against the Employee to the extent the Employee has otherwise actually received payment (under any insurance policy, by-law or otherwise) of the amounts otherwise indemnifiable hereunder, <u>provided,</u> that if the Employee for any reason is required to disgorge any payment actually received by him, the Company shall be obligated to pay such amount to the Employee in accordance with the other terms of this Agreement (i.e., disregarding the terms of this Section 12(g)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. General Provisions.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Governing Law; and Venue.* This Agreement shall be construed and interpreted in accordance with the laws of the State of Delaware without reference to principles of conflicts of laws. The parties agree that all actions or proceedings arising in connection with this Agreement shall be tried and litigated only in the State or Federal Courts located in Florida. Each of the parties hereto waives to the extent permitted under applicable law, any right each may have to assert the doctrine of forum non-conveniens or to object to venue to the extend any proceeding is brought in accordance with this section relating to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Entire Agreement.* This Agreement sets forth the entire agreement and understanding among, the Company, its subsidiaries and me relating to the subject matter herein and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this agreement, will be effective unless in writing signed by the party to be charged. Any subsequent change or changes in duties, salary or compensation will not affect the validity or scope of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Severability.* If one more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Successors and Assigns.* This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will be for the benefit of, the Company, its successors, and its assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e) *Waiver and Amendments; Cumulative Rights and Remedies.*

 

i.) This Agreement may be amended, modified or supplemented, and any obligation hereunder may be waived, only by a written instrument executed by the parties hereto. The waiver by either party of a breach of any provision of this Agreement shall not operate as a waiver of any subsequent breach.

Page 12 of **15**

ii.) No failure on the part of any party to exercise, and no delay in exercising, any right or remedy hereunder shall operate as a waiver hereof, nor shall any single or partial exercise of any such right or remedy by such party preclude any other or further exercise thereof or the exercise of any other right or remedy. All rights and remedies hereunder are cumulative and are in addition to all other rights and remedies provided by law, agreement or otherwise.

iii.) The Employee's obligations to Company and the Company's rights and remedies hereunder are in addition to all other obligations of the Employee and rights and remedies of the Company created pursuant to any other agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) *Construction.* Each party to this Agreement has had the opportunity to review this Agreement with legal counsel. This Agreement shall not be construed or interpreted against any party on the basis that such party drafted or authored a particular provision, parts of or the entirety of this Agreement.

---

| |
|:---|
| EMPLOYEE |
| Print Name Anthony Raynor |
| */s/ Anthony Raynor* |
| THE SUSTAINABLE GREEN TEAM, LTD. |
| */s/ Anthony Raynor* |
| Anthony Raynor, CEO |

---

Page 13 of **15**

**Exhibit A**

**To Employment Agreement by and between Anthony Raynor and**

**The Sustainable Green Team, Ltd.**

**And**

**Its Subsidiaries**

**INDEMNIFICATION PROCEDURES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** <u>Notification.</u> An Indemnitee shall promptly notify an Indemnitor upon commencement of a Proceeding for which the Indemnitee intends to seek indemnification against Damages, and/or advancement of expenses from the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor from Indemnitor's obligations, if any, to indemnify, and advance expenses of, the Indemnitee with regard to any liabilities incurred and expenses paid prior to such notification unless, and then only to the extent that, the Indemnitor has been damaged by such delay in notification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Assumption of Defense.</u> The Indemnitor may, alone or jointly with any other indemnifying party, assume the defense of a Proceeding for which the Indemnitor received notice or otherwise, and shall promptly notify the Indemnitee as to whether the Indemnitor will assume such defense. If the Indemnitor assumes such defense, the Indemnitor will not be liable to the Indemnitee for any expenses subsequently incurred by the Indemnitee in connection with the defense of such Proceeding unless the Indemnitee shall have reasonably concluded that there is a conflict of interest between the Indemnitor and the Indemnitee (or between the Indemnitee and one or more other Indemnitees whose defense has been assumed by the Indemnitor), in the conduct of the defense of the Proceeding, and such conclusion is supported by an opinion of counsel experienced in the defense of litigation against corporate directors and officers, which counsel and opinion shall be satisfactory to the Indemnitor and its legal counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Approval of Indemnitee's Counsel.</u> In the event the Indemnitor doesn't assume the defense of the Proceeding, the Indemnitee may engage legal counsel to conduct such defense. In such event the Indemnitor shall have the right to approve the Indemnitee's choice of counsel and the terms of engagement of such counsel, which approval shall not be unreasonably withheld. With respect to its approval, the Indemnitor may consider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Whether the Indemnitee is cooperating in the selection of counsel with the Indemnitor and other Indemnitees so that all Indemnitees are represented by one law firm except to the extent Paragraph 2 regarding conflicts of interest is applicable and satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The experience of such counsel in similar matters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The financial arrangements with such counsel; and

Page 14 of **15**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent the Indemnitor has obtained insurance applicable to such Proceeding, whether such insurance company has consented to the Indemnitee' s choice of counsel and the terms of engagement of such counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Settlements</u>. The Indemnitor shall not be liable to indemnify any Indemnitee for any amounts paid in settlement of any Proceeding effected without the Indemnitor's prior written consent. The Indemnitor shall not settle any action or claim in any manner which would impose any non-indemnified penalty, limitation, expense or liability on an Indemnitee without the Indemnitee's prior written consent. Neither the Indemnitor nor the Indemnitee will unreasonably withhold their consent to any proposed settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Right to Counsel.</u> With respect to any Proceeding as to which the Indemnitor has not assumed the defense, the Indemnitor may engage its own counsel, at its expense, to assist in the defense of such Proceeding. With respect to any Proceeding as to which the Indemnitor has assumed the defense, the Indemnitee may engage his, her, or its own counsel, at his, her, or its own expense, to assist in the defense of the Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Effect on Statutory Requirements; Definitions.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The limitations set forth in these Indemnification Procedures shall be in addition to the statutory standards for indemnification and advancement of expenses set forth in the Delaware Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Indemnitee" means any person who is or may be eligible for indemnification or advancement of expenses by the Indemnitor pursuant to Section 12 of that certain Employment Agreement by and between Henry Mauriss and Clear Vision SPV Merger Corp., a Nevada corporation dated March 1, 2014 (the "Agreement") and includes, if applicable, such Indemnitee's estate, spouse, legal representative, successor or assigns of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "Proceeding" means any action, claim, suit, inquiry, investigation, court or administrative or arbitration proceeding brought by a party other than an Indemnitee against an indemnitor, or appeal taken from any of the foregoing, by or before any court, governmental authority, arbitrator or arbitration panel, whether pending or threatened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "Damages" means any ' costs, expenses, fines, judgments, settlements, penalties or other monetary amounts incurred in connection with a Proceeding.

Page 15 of **15**

## Exhibit 10.7

**Exhibit 10.7**

**FORM OF**

**The Sustainable Green Team, Ltd.**

**Subscription Agreement**

The undersigned "Subscriber", on the terms and conditions herein set forth, hereby irrevocably submits this subscription agreement (the "Subscription Agreement") to The Sustainable Green Team, Ltd., a Delaware corporation (the "Company"), in connection with a private offering by the Company (the "Offering") to raise a maximum of $[__] through the sale to Subscriber as an "accredited investor" (as defined below) of shares of Common Stock, par value $0.0001 per share, of the Company (the "Shares") at $[__] per Share.

The minimum subscription per investor is $[__].00 for [__] Shares, provided that the Company may elect to accept subscriptions in a lesser amount in its sole discretion.

**1.** **Subscription for the Purchase of Shares.** The undersigned hereby subscribes to purchase _______________
 Shares at $[__] per Share for a total subscription of US$______________________ (the "Subscription
 Price"). In this regard, the Subscriber agrees to forward payment in the amount of
 the Subscription Price via one of the following methods:

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** by
 wiring payment of the Subscription Price in accordance with the information set forth below:

Wire funds to:

The Sustainable Green Team, Ltd.

24200 County Road 561

Astatula, FL 34705-9538

Bank Name: [__]

Bank Address: [__]

Routing Number: [__]

Account Number: [__]

For domestic (U.S.) wire: Wire routing transit number/ABA: 121000248

For international wire sent in U.S. dollars or if the currency the wire is being sent in as unknown: SWIFT Code: [__]

For international wire sent in a foreign currency from the initiating bank: SWIFT Code: [__]

Note: Before any individual or business wires funds, please contact CFO, Michael Mete, at [__] or call [__].

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** By
 mailing a certified check in the amount of the Subscription Price, payable to "The
 Sustainable Green Team, Ltd.", as follows:

The Sustainable Green Team, Ltd.

24200 County Road

Astatula, Florida 34705

**Regardless of whether paying by wire transfer or check, you must also deliver a fully completed and executed copy of this Subscription Agreement, and a counterpart signatures page to the Warrant and a counterpart signature page to the Registration Rights Agreement to the Company at:** 

The Sustainable Green Team, Ltd.

24200 County Road

Astatula, Florida 34705

Or via email to Tony Raynor, at traynor@sgtmltd.com

The Company's private offering of Shares is being made to "accredited" investors within the meaning of Rule 506 of Regulation D promulgated by the Securities Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act").

You as an individual or you on behalf of the subscribing entity are being asked to complete this Subscription Agreement so that a determination can be made as to whether or not you (or it) are qualified to purchase the Shares under applicable federal and state securities laws. Your answers to the questions contained herein must be true and correct in all respects, and a false representation by you may constitute a violation of law for which a claim for damages may be made against you.

Your answers will be kept strictly confidential; however, by signing this Subscription Agreement, you will be authorizing the Company to present a completed copy of this Subscription Agreement to such parties as they may deem appropriate in order to make certain that the offer and sale of the securities will not result in a violation of the Securities Act or of the securities laws of any state.

All questions must be answered. If the appropriate answer is "None" or "Not Applicable," please state so. Please print or type your answers to all questions and attach additional sheets if necessary to complete your answers to any item. Please initial any corrections.

**2.** **Offer to Purchase.** Subscriber hereby irrevocably offers to purchase the Shares and tenders
 herewith the total price noted above. Subscriber recognizes and agrees that (i) this subscription
 is irrevocable and, if Subscriber is a natural person, shall survive Subscriber's death,
 disability or other incapacity, and (ii) the Company has complete discretion to accept or
 to reject this Subscription Agreement in its entirety and shall have no liability for any
 rejection of this Subscription Agreement. This Subscription Agreement shall be deemed to
 be accepted by the Company only when it is executed by the Company.

**3.** **Effect of Acceptance.** Subscriber hereby acknowledges and agrees that on the Company's
 acceptance of this Subscription Agreement, it shall become a binding and fully enforceable
 agreement between the Company and the Subscriber. As a result, upon acceptance by the Company
 of this Subscription Agreement, Subscriber will become the record and beneficial holder of
 the Shares and the Company will be entitled to receive the purchase price of the Shares as
 specified herein.

**4.** **Representation as to Investor Status.** In order for the Company to sell the Shares (in conformance with
 state and federal securities laws), the following information must be obtained regarding
 Subscriber's investor status. Please  **<u>initial each item applicable</u>** to
 you as an investor in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Accredited Investor.** Rule 501(a) of Regulation D defines an "accredited investor" as
 any person who comes within any of the following categories, or whom the issuer reasonably
 believes comes within any of the following categories, at the time of the sale of the securities
 to that person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** *<u>Natural Persons</u>* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** _____
 I certify that I am an accredited investor because I had individual income in excess of $200,000
 in each of the two most recent years or joint income with my or spousal equivalent in excess
 of $300,000 in each of those years and have a reasonable expectation of reaching the same
 income level in the current year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** _____
 I certify that I am an accredited investor because my individual net worth, or joint net
 worth with my spouse or spousal equivalent, exceeds $1,000,000. For purposes of calculating
 net worth under this paragraph my primary residence is not included as an asset; indebtedness
 that is secured by my primary residence, up to the estimated fair market value of the primary
 residence at the time of the sale of securities, is not be included as a liability (except
 that if the amount of such indebtedness outstanding at the time of sale of securities exceeds
 the amount outstanding 60 days before such time, other than as a result of the acquisition
 of the primary residence, the amount of such excess is included as a liability); and indebtedness
 that is secured by my primary residence in excess of the estimated fair market value of the
 primary residence at the time of the sale of securities is included as a liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** _____
 I certify that I am an accredited investor because I am a director or executive officer of
 the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4)** _____
 I certify that I am an accredited investor because I hold one of the following licenses in
 good standing: General Securities Representative license (Series 7), the Private Securities
 Offerings Representative license (Series 82), or the Investment Adviser Representative license
 (Series 65).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** *<u>Entities</u>* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** _____
 The undersigned hereby certifies that all of the beneficial equity owners of the undersigned
 qualify as accredited individual investors under Sections 4(a)(i)(1) and 4(a)(i)(2) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** _____
 The undersigned is a bank as defined in section 3(a)(2) of the Securities Act, or any savings
 and loan association or other institution as defined in section 3(a)(5)(A) of the Securities
 Act whether acting in its individual or fiduciary capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** _____
 The undersigned is a broker or dealer registered pursuant to section 15 of the Securities
 Exchange Act of 1934, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4)** _____
 The undersigned is an investment adviser registered pursuant to section 203 of the Investment
 Advisers Act of 1940 or registered pursuant to the laws of a state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5)** _____
 The undersigned is an investment adviser relying on the exemption from registering with the
 Securities and Exchange Commission under section 203(l) or (m) of the Investment Advisers
 Act of 1940 (the "Investment Advisers Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6)** _____
 The undersigned is an insurance company as defined in section 2(a)(13) of the Securities
 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(7)** _____
 The undersigned is an investment company registered under the Investment Company Act of 1940
 (the "Investment Company Act") or a business development company as defined in
 section 2(a)(48) of the Investment Company Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(8)** _____
 The undersigned is a Small Business Investment Company licensed by the U.S. Small Business
 Administration under section 301(c) or (d) of the Small Business Investment Act of 1958.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(9)** _____
 The undersigned is a Rural Business Investment Company as defined in section 384A of the
 Consolidated Farm and Rural Development Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(10)** _____
 The undersigned is a plan established and maintained by a state, its political subdivisions,
 or any agency or instrumentality of a state or its political subdivisions, for the benefit
 of its employees, if such plan has total assets in excess of $5,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(11)** _____
 The undersigned is an employee benefit plan within the meaning of Title I of the Employee
 Retirement Income Security Act of 1974 and (check one or more, as applicable):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(A)** the
 investment decision is made by a plan fiduciary, as defined therein, in Section 3(21), which
 is either a bank, savings and loan association, insurance company, or registered investment
 adviser; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(B)** the
 employee benefit plan has total assets in excess of $5,000,000; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(C)** the
 plan is a self-directed plan with investment decisions made solely by persons who are "accredited
 investors" as defined therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(12)** _____
 The undersigned is a private business development company as defined in Section 202(a)(22)
 of the Investment Advisers Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(13)** The
 undersigned has total assets in excess of $5,000,000, was not formed for the specific purpose
 of acquiring the securities offered and is one or more of the following (check one or more,
 as appropriate):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(A)** an
 organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(B)** corporation,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(C)** Massachusetts
 or similar business trust,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(D)** partnership,
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(E)** limited
 liability company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(14)** _____
 The undersigned is a trust with total assets exceeding $5,000,000, which was not formed for
 the specific purpose of acquiring the securities offered and whose purchase is directed by
 a person who has such knowledge and experience in financial and business matters that he
 or she is capable of evaluating the merits and risks of the investment in the securities
 offered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15)** _____
 The undersigned is an entity, of a type not listed in Sections 4(a)(ii)(1) through 4(a)(ii)(14),
 not formed for the specific purpose of acquiring the securities offered, owning investments
 in excess of $5,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(16)** _____
 The undersigned is a "family office," as defined in rule 202(a)(11)(G)-1 under
 the Investment Advisers Act (17 CFR 275.202(a)(11)(G)-1): (A) with assets under management
 in excess of $5,000,000, (B) that is not formed for the specific purpose of acquiring the
 securities offered, and (C) whose prospective investment is directed by a person who has
 such knowledge and experience in financial and business matters that such family office is
 capable of evaluating the merits and risks of the prospective investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17)** _____
 The undersigned is a "family client," as defined in rule 202(a)(11)(G)-1 under
 the Investment Advisers Act, of a family office meeting the requirements in Section 4(a)(ii)(16)
 above and whose prospective investment in the issuer is directed by such family office pursuant
 to clause (C) of Section 4(a)(ii)(16) above.

________ Subscriber does <u>not</u> qualify under any of the investor categories set forth in this Section 4(a).

The term "net worth" means the excess of total assets over total liabilities (including personal and real property, but excluding the estimated fair market value of a person's primary home).

In determining individual "income," Subscriber should add to Subscriber's individual taxable adjusted gross income (exclusive of any spousal income) any amounts attributable to tax exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depletion, contributions to an IRA or Keogh retirement plan, alimony payments, and any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Type of Subscriber.** Indicate the form of entity of Subscriber:

---

| | | | |
|:---|:---|:---|:---|
| ☐ | Individual | ☐ | Limited Partnership |
| ☐ | Corporation | ☐ | General Partnership |
| ☐ | Revocable Trust | ☐ | Other Type of Trust (indicate type): |
| ☐ | Limited Liability Company |  |  |
| ☐ | Other (indicate form of organization): | ___________________________________ | ___________________________________ |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** If
 Subscriber is not an individual, indicate the approximate date Subscriber entity was formed:
 _____________________.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** If
 Subscriber is not an individual,  **<u>initial</u>** the line below which correctly describes
 the application of the following statement to Subscriber's situation: Subscriber (x)
 was not organized or reorganized for the specific purpose of acquiring the Shares and (y)
 has made investments prior to the date hereof, and each beneficial owner thereof has and
 will share in the investment in proportion to his or her ownership interest in Subscriber.

_____ True <br>_____ False

If the "False" box is checked, each person participating in the entity will be required to fill out a Subscription Agreement.

**5.** **Additional Representations and Warranties of Subscriber.** Subscriber hereby represents and warrants
 to the Company as follows:

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Subscriber
 has been furnished the Term Sheet of the Company, dated as of _________, 2023 (the "Term
 Sheet") and, if requested by the Subscriber, other documents related to the Company
 and its operations. The Subscriber has carefully read the Term Sheet and any such other requested
 documents. Subscriber has been furnished with all documents and materials relating to the
 business, finances and operations of the Company and information that Subscriber requested
 and deemed material to making an informed investment decision regarding its purchase of the
 Shares. Subscriber has been afforded the opportunity to review such documents and materials
 and the information contained therein. Subscriber has been afforded the opportunity to ask
 questions of the Company and its management. Subscriber understands that such discussions,
 as well as any written information provided by the Company, were intended to describe the
 aspects of the Company's business and prospects which the Company believes to be material,
 but were not necessarily a thorough or exhaustive description, and except as expressly set
 forth in this Subscription Agreement, the Company makes no representation or warranty with
 respect to the completeness of such information and makes no representation or warranty of
 any kind with respect to any information provided by any entity other than the Company. Some
 of such information may include projections as to the future performance of the Company,
 which projections may not be realized, may be based on assumptions which may not be correct
 and may be subject to numerous factors beyond the Company's control. Additionally,
 Subscriber understands and represents that Subscriber is purchasing the Shares notwithstanding
 the fact that the Company may disclose in the future certain material information that the
 Subscriber has not received, including the financial results of the Company for their current
 fiscal quarters. Neither such inquiries nor any other due diligence investigations conducted
 by such Subscriber shall modify, amend or affect such Subscriber's right to rely on
 the Company's representations and warranties, if any, contained in this Subscription
 Agreement. Subscriber has sought such accounting, legal and tax advice as it has considered
 necessary to make an informed investment decision with respect to its investment in the Shares.
 Subscriber has full power and authority to make the representations referred to herein, to
 purchase the Shares and to execute and deliver this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** Subscriber
 has read and understood, and is familiar with, this Subscription Agreement, the Shares and
 the business and financial affairs of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;**(c)** Subscriber,
 either personally, or together with Subscriber's advisors (other than any securities
 broker/dealers who may receive compensation from the sale of any of the Shares), has such
 knowledge and experience in financial and business matters as to be capable of evaluating
 the merits and risks of an investment in the Shares, is able to bear the risks of an investment
 in the Shares and understands the risks of, and other considerations relating to, a purchase
 of a Share, including the matters set forth under the caption "Risk Factors"
 in the Term Sheet. The Subscriber and its advisors have had a reasonable opportunity to ask
 questions of and receive answers from the Company concerning the Shares. Subscriber's
 financial condition is such that Subscriber is able to bear the risk of holding the Shares
 that Subscriber may acquire pursuant to this Agreement, for an indefinite period of time,
 and the risk of loss of Subscriber's entire investment in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;**(d)** Subscriber
 has investigated the acquisition of the Shares to the extent Subscriber deemed necessary
 or desirable and the Company has provided Subscriber with any reasonable assistance Subscriber
 has requested in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;**(e)** The
 Shares are being acquired for Subscriber's own account for investment, with no intention
 by Subscriber to distribute or sell any portion thereof within the meaning of the Securities
 Act, and will not be transferred by Subscriber in violation of the Securities Act or the
 then applicable rules or regulations thereunder. No one other than Subscriber has any interest
 in or any right to acquire the Shares. Subscriber understands and acknowledges that the Company
 will have no obligation to recognize the ownership, beneficial or otherwise, of the Shares
 by anyone but Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;**(f)** No
 representations or warranties have been made to Subscriber by the Company, or any representative
 of the Company, or any securities broker/dealer, other than as set forth in this Subscription
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**(g)** Subscriber
 is aware that Subscriber's rights to transfer the Shares is restricted by the Securities
 Act and applicable state securities laws, and Subscriber will not offer for sale, sell or
 otherwise transfer the Shares without registration under the Securities Act and qualification
 under the securities laws of all applicable states, unless such sale would be exempt therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;**(h)** Subscriber
 understands and agrees that the Shares it acquires have not been registered under the Securities
 Act or any state securities act in reliance on exemptions therefrom and that the Company
 has no obligation to register any of the Shares offered by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;**(i)** The
 Subscriber has had an opportunity to ask questions of, and receive answers from, representatives
 of the Company concerning the terms and conditions of this investment and all such questions
 have been answered to the full satisfaction of the undersigned. Subscriber understands that
 no person other than the Company has been authorized to make any representation and if made,
 such representation may not be relied on unless it is made in writing and signed by the Company.
 The Company has not, however, rendered any investment advice to the undersigned with respect
 to the suitability.

&nbsp;&nbsp;&nbsp;&nbsp;**(j)** Subscriber
 understands that the certificates or other instruments representing the Shares shall bear
 a restrictive legend in substantially the following form (and a stop transfer order may be
 placed against transfer of such certificates):

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE SECURITIES LAWS, AND NO INTEREST MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION INVOLVING SAID SECURITIES, (B) THIS CORPORATION RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF THESE SECURITIES SATISFACTORY TO THIS CORPORATION STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION, OR (C) THIS CORPORATION OTHERWISE SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

&nbsp;&nbsp;&nbsp;&nbsp;**(k)** Subscriber
 also acknowledges and agrees to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** an
 investment in the Shares is highly speculative and involves a high degree of risk of loss
 of the entire investment in the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** there
 is no assurance that a public market for the will be available and that, as a result, Subscriber
 may not be able to liquidate Subscriber's investment in the Shares should a need arise
 to do so.

&nbsp;&nbsp;&nbsp;&nbsp;**(l)** Subscriber
 is not dependent for liquidity on any of the amounts Subscriber is investing in the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;**(m)** Subscriber's
 address set forth below is his or her or its correct residence or business address.

&nbsp;&nbsp;&nbsp;&nbsp;**(n)** Subscriber
 represent, warrants and confirms that Subscriber is not a "broker" or "dealer"
 as defined in the Securities Act of 1934, as amended, and the rules and regulations thereunder,
 and is not required to be registered as such with the United States Securities and Exchange
 Commission, the Financial Industry Regulatory Authority or any other self-regulatory organization.
 Subscriber acknowledges and agrees that neither the Company nor any of its legal counsel
 has advised Subscriber with respect to the representations, warranties and confirmations
 herein and that Subscriber is undertaking the actions as contemplated herein having received
 such other legal advice and counsel as Subscriber has determined to be necessary in connection
 therewith.

&nbsp;&nbsp;&nbsp;&nbsp;**(o)** Subscriber
 has full power and authority to make the representations referred to herein, to purchase
 the Shares and to execute and deliver this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**(p)** Subscriber
 understands that the foregoing representations and warranties are to be relied upon by the
 Company as a basis for the exemptions from registration and qualification of the sale of
 the Shares under the federal and state securities laws and for other purposes.

**6.** **Representations and Warranties Regarding Patriot Act; Anti-Money Laundering; OFAC.** The Subscriber should
 check the Office of Foreign Assets Control ("OFAC") website at http://www.treas.gov/ofac
 before making the following representations. Subscriber hereby represents and warrants to
 the Company as follows:

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** The
 Subscriber represents that (i) no part of the funds used by the Subscriber to acquire the
 Shares or to satisfy his/her capital commitment obligations with respect thereto has been,
 or shall be, directly or indirectly derived from, or related to, any activity that may contravene
 United States federal or state or non-United States laws or regulations, including anti-money
 laundering laws and regulations, and (ii) no capital commitment, contribution or payment
 to the Company by the Subscriber and no distribution to the Subscriber shall cause the Company
 to be in violation of any applicable anti-money laundering laws or regulations including,
 without limitation, Title III of the Uniting and Strengthening America by Providing Appropriate
 Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 and the
 United States Department of the Treasury Office of Foreign Assets Control regulations. The
 Subscriber acknowledges and agrees that, notwithstanding anything to the contrary contained
 in the Term Sheet or any other agreement, to the extent required by any anti-money laundering
 law or regulation, the Company may prohibit capital contributions, restrict distributions
 or take any other reasonably necessary or advisable action with respect to the Shares, and
 the Subscriber shall have no claim, and shall not pursue any claim, against the Company or
 any other person in connection therewith. U.S. federal regulations and executive orders administered
 by OFAC prohibit, among other things, the engagement in transactions with, and the provision
 of services to, certain foreign countries, territories, entities and individuals. The lists
 of OFAC prohibited countries, territories, persons and entities can be found on the OFAC
 website at http://www.treas.gov/ofac. In addition, the programs administered by OFAC (the
 "OFAC Programs") prohibit dealing with individuals (which includes include specially
 designated nationals, specially designated narcotics traffickers and other parties subject
 to OFAC sanctions and embargo programs) or entities in certain countries regardless of whether
 such individuals or entities appear on the OFAC lists.

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** To
 the best of the Subscriber's knowledge, none of: (1) the Subscriber; (2) any person
 controlling or controlled by the Subscriber; (3) if the Subscriber is a privately held entity,
 any person having a beneficial interest in the Subscriber; or (4) any person for whom the
 Subscriber is acting as agent or nominee in connection with this investment is a country,
 territory, individual or entity named on an OFAC list, or a person or entity prohibited under
 the OFAC Programs. Please be advised that the Company may not accept any amounts from a prospective
 investor if such prospective investor cannot make the representation set forth in this paragraph.
 The Subscriber agrees to promptly notify the Company should the Subscriber become aware of
 any change in the information set forth in these representations. The Subscriber understands
 and acknowledges that, by law, the Company may be obligated to "freeze the account"
 of the Subscriber, either by prohibiting additional subscriptions from the Subscriber, declining
 any redemption requests and/or segregating the assets in the account in compliance with governmental
 regulations, and any broker may also be required to report such action and to disclose the
 Subscriber's identity to OFAC. The Subscriber further acknowledges that the Company
 may, by written notice to the Subscriber, suspend the redemption rights, if any, of the Subscriber
 if the Company reasonably deems it necessary to do so to comply with anti-money laundering
 regulations applicable to the Company or any Broker or any of the Company's other service
 providers. These individuals include specially designated nationals, specially designated
 narcotics traffickers and other parties subject to OFAC sanctions and embargo programs.

&nbsp;&nbsp;&nbsp;&nbsp;**(c)** To
 the best of the Subscriber's knowledge, none of: (1) the Subscriber; (2) any person
 controlling or controlled by the Subscriber; (3) if the Subscriber is a privately-held entity,
 any person having a beneficial interest in the Subscriber; or (4) any person for whom the
 Subscriber is acting as agent or nominee in connection with this investment is a senior foreign
 political figure (as defined below), or any immediate family (as defined below) member or
 close associate (as defined below) of a senior foreign political figure, as such terms are
 defined in the footnotes below. A "senior foreign political figure" is defined
 as a senior official in the executive, legislative, administrative, military or judicial
 branches of a foreign government (whether elected or not), a senior official of a major foreign
 political party, or a senior executive of a foreign government-owned corporation. In addition,
 a "senior foreign political figure" includes any corporation, business or other
 entity that has been formed by, or for the benefit of, a senior foreign political figure.
 "Immediate family" of a senior foreign political figure typically includes the
 figure's parents, siblings, spouse, children and in-laws. A "close associate"
 of a senior foreign political figure is a person who is widely and publicly known to maintain
 an unusually close relationship with the senior foreign political figure, and includes a
 person who is in a position to conduct substantial domestic and international financial transactions
 on behalf of the senior foreign political figure.

&nbsp;&nbsp;&nbsp;&nbsp;**(d)** If
 the Subscriber is affiliated with a non-U.S. banking institution (a "Foreign Bank"),
 or if the Subscriber receives deposits from, makes payments on behalf of, or handles other
 financial transactions related to a Foreign Bank, the Subscriber represents and warrants
 to the Company that: (1) the Foreign Bank has a fixed address, other than solely an electronic
 address, in a country in which the Foreign Bank is authorized to conduct banking activities;
 (2) the Foreign Bank maintains operating records related to its banking activities; (3) the
 Foreign Bank is subject to inspection by the banking authority that licensed the Foreign
 Bank to conduct banking activities; and (4) the Foreign Bank does not provide banking services
 to any other Foreign Bank that does not have a physical presence in any country and that
 is not a regulated affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;**(e)** The
 Subscriber acknowledges that, to the extent applicable, the Company will seek to comply with
 the Foreign Account Tax Compliance Act provisions of the U.S. Internal Revenue Code and any
 rules, regulations, forms, instructions or other guidance issued in connection therewith
 (the "FATCA Provisions"). In furtherance of these efforts, the Subscriber agrees
 to promptly deliver any additional documentation or information, and updates thereto as applicable,
 which the Company may request in order to comply with the FATCA Provisions. The Subscriber
 acknowledges and agrees that, notwithstanding anything to the contrary contained in the Term
 Sheet, any side letter or any other agreement, the failure to promptly comply with such requests,
 or to provide such additional information, may result in the withholding of amounts with
 respect to, or other limitations on, distributions made to the Subscriber and such other
 reasonably necessary or advisable action by the Company with respect to the Shares (including,
 without limitation, required withdrawal), and the Subscriber shall have no claim, and shall
 not pursue any claim, against the Company or any other person in connection therewith

The foregoing representations and warranties are true and accurate as of the date hereof and shall survive such date. If any of the above representations and warranties shall cease to be true and accurate prior to the acceptance of this Subscription Agreement, Subscriber shall give prompt notice of such fact to the Company by telegram, or facsimile or e-mail, specifying which representations and warranties are not true and accurate and the reasons therefor.

**7.** **Indemnification.** Subscriber acknowledges that Subscriber understands the meaning and legal consequences
 of the representations and warranties made by Subscriber herein, and that the Company is
 relying on such representations and warranties in making the determination to accept or reject
 this Subscription Agreement. Subscriber hereby agrees to indemnify and hold harmless the
 Company and each employee and agent thereof from and against any and all losses, damages
 or liabilities due to or arising out of a breach of any representation or warranty of Subscriber
 contained in this Subscription Agreement.

**8.** **Transferability.** Subscriber agrees not to transfer or assign this Subscription Agreement, or any interest
 herein, and further agrees that the assignment and transferability of the Shares acquired
 pursuant hereto shall be made only in accordance with applicable federal and state securities
 laws.

**9.** **Termination of Agreement; Return of Funds.** In the event that, for any reason, this Subscription Agreement
 is rejected in its entirety by the Company, this Subscription Agreement shall be null and
 void and of no further force and effect, and no party shall have any rights against any other
 party hereunder. In the event that the Company rejects this Subscription Agreement, the Company
 shall promptly return or cause to be returned to Subscriber any money tendered hereunder
 without interest or deduction.

**10.** **Notices.** All notices or other communications given or made hereunder shall be in writing and shall
 be delivered or mailed by registered or certified mail, return receipt requested, postage
 prepaid, or delivered by, facsimile or e-mail to Subscriber at the address set forth below
 and to the Company at the address set forth on the first page of this Subscription Agreement,
 or at such other place as the Company may designate by written notice to Subscriber.

**11.** **Amendments.** Neither this Subscription Agreement nor any term hereof may be changed, waived, discharged
 or terminated except in a writing signed by Subscriber and the Company.

**12.** **Governing Law.** This Subscription Agreement and all amendments hereto shall be governed by and construed
 in accordance with the laws of the State of Nevada without application of the conflicts of
 laws provisions thereof.

**13.** **Headings.** The headings in this Subscription Agreement are for convenience of reference, and shall
 not by themselves determine the meaning of this Subscription Agreement or of any part hereof.

**14.** **Counterparts.** This Subscription Agreement may be executed in any number of counterparts with the same
 force and effect as if all parties had executed the same document. The execution and delivery
 of a facsimile or other electronic transmission of this Subscription Agreement shall constitute
 delivery of an executed original and shall be binding upon the person whose signature appears
 on the transmitted copy.

**15.** **Continuing Obligation of Subscriber to Confirm Investor Status**. Upon the request of the Company
 and for as long as the Subscriber holds Shares or other securities in the Company, the Subscriber
 shall confirm Subscriber's investor status as an "Accredited Investor,"
 as defined by the Securities and Exchange Commission at the time of such request. In connection
 therewith, the Company shall deliver to the Subscriber a questionnaire that elicits the necessary
 information to determine the Subscriber's investor status. Upon receipt of the questionnaire,
 the Subscriber shall: (i) complete it, (ii) execute the signature page therein, and (iii)
 return it to the Company, or its designee, in accordance with the instructions therein, no
 later than ten (10) days after receipt of the questionnaire.

*[Remainder of page intentionally left blank. Signatures appear on the following pages.]*

 

**<u>INDIVIDUALS</u>**

In witness whereof, the parties hereto have executed this Subscription Agreement as of the dates set forth below.

Dated: ______________________

---

| | |
|:---|:---|
| Signature(s): | __________________________________ |
| Name(s) (Please Print): | __________________________________ |
| Signature(s): | __________________________________ |
| Name(s) (Please Print): | __________________________________ |
| Residence Address: | __________________________________ |
|  | __________________________________ |
|  | __________________________________ |
| Phone Number: | (______) _______-_________________ |
| Cellular Number: | (______) _______-_________________ |
| Social Security Number(s): | __________________________________ |
| Social Security Number(s): | __________________________________ |
| Email address: | ________________@__________________________ |

---

---

| | | |
|:---|:---|:---|
|  | ACCEPTANCE | ACCEPTANCE |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The Sustainable Green Team, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The Sustainable Green Team, Ltd. |
| Date: |  |  |
|  | By: |  |
|  | Name: | Tony Raynor |
|  | Title: | Chief Executive Officer |

---

**<u>CORPORATIONS, PARTNERSHIPS, TRUSTS OR OTHER ENTITIES</u>**

In witness whereof, the parties hereto have executed this Subscription Agreement as of the dates set forth below.

Dated: _____________________

---

| |
|:---|
| Name of Purchaser (Please Print): |
| By: |
| Name (Please Print): |
| Title: |
| Address: |
| Phone Number: |
| Cellular Number: |
| Taxpayer ID Number: |
| Email address: |

---

---

| | | |
|:---|:---|:---|
|  |  | ACCEPTANCE |
|  |  | The Sustainable Green Team, Ltd. |
| Date: |  |  |
|  | By: |  |
|  | Name: | Tony Raynor |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.8

**Exhibit 10.8**

Corporate Communication Servicess Agreement

This Corporate Communication Services Agreement (the "Agreement"), dated as of October 4, 2022 (the "Effective Date"), is by and among ACCEL Media International LLC, a Wyoming limited liability company with its principal offices at 201 East 5<sup>th</sup> Street, Suite 1200 Sheridan, WY 82801 ("ACCEL Media"), FMW Media Works LLC, a Wyoming limited liability company with its principal offices at the same address as ACCEL Media, which is affiliated with ACCEL Media (referenced hereafter as "FMW") and which, together with ACCEL Media, is referenced hereafter as "we" and collectively with ACCEL Media, are referenced as "ACCEL"), and The Sustainable Green Team, Ltd., a Delaware corporation with its principal offices at 24200 CR 561, Astatula, FL 34705, ("Customer", "you", "SGTM") and Day Dreamer Productions, LLC, a Florida limited liability company (referenced hereafter as "DDP"), located with the same principal address as SGTM, and which is a wholly-owned subsidiary of SGTM, and together with ACCEL and SGTM, are collectively referenced hereafter as the "Parties", and each of FMW, ACCEL Media, SGTM, and DDP a "Party".

WHEREAS ACCEL is an independent media services business and has knowledge and experience to provide television, production, media analysis, and media procurement to assist Customer in generating positive media awareness about the business of Customer;

WHEREAS Customer desires to retain ACCEL to create media content and assist in the distribution thereof, and to perform certain services, under the terms and conditions herein; and

WHEREAS, DDP provides certain promotional services which ACCEL desires to exclusively rely upon and the use in all of ACCEL's in-house video production and marketing content, under the terms and conditions further described herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, ACCEL and Customer agree as follows:

1. <u>Services.</u> ACCEL shall provide corporate communication services for the Customer described in <u>Exhibit A</u> (these services are collectively
 referenced hereafter as the "Services"), which is attached hereto and which is fully integrated and incorporated by reference
 herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. Unless
 otherwise agreed (email shall suffice), Services shall be performed at a location and at times chosen at ACCEL's discretion.

1.2. FMW
 shall provide such information, evaluation, and analysis, in accordance with the Services, as will assist in maximizing the effectiveness
 of the Customer's business model. FMW shall personally provide the Services and the Customer understands that the nature of
 the services to be provided are part-time and that FMW will be engaged in other business activities during the term of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1. Customer
acknowledges FMW works with and provides production services to companies which may be directly or indirectly competitive with the businesses
of Customer. The Parties will use commercially reasonable best efforts to identify, prevent or minimize actual conflicts of interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. FMW
 shall produce an informative T.V. show which will discuss the Customer and its business. FMW will arrange for the broadcast of this
 show on a well-known network, and keep the show archived throughout the Term on FMW's website www.newtothestreet.com.

2. <u>Consideration for Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. In
 consideration for the Services, Customer shall tender or cause to be tendered to ACCEL Media, shares of Customer's common stock,
 par value $0.0001 per share (the "Common Stock"), and certain options and a warrant to acquire shares of Common Stock,
 each to be issued or executed on the Effective Date, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.1. Three
 Million Five Hundred Thousand (3,500,000) restricted shares of Common Stock (the "Initial Shares").

2.1.2. A
 three year option to acquire five million (5,000,000) restricted shares of Common Stock at an exercise price of $2.00 per share of
 Common Stock, pursuant to the Option Agreement as attached hereto as <u>Exhibit B</u> ("First Option Agreement").

2.1.3. A
 90-day warrant pursuant to acquire up to two million (2,000,000) restricted shares of Common Stock at an exercise price of $1.00
 per share of Common Stock in the form as attached hereto as Exhibit C (the "Warrant").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. In
 the event that the Warrant is exercised by ACCEL Media in whole or in part, then upon each exercise thereof, if any, the Customer
 shall issue to ACCEL Media a three year option to acquire a number of shares of Common Stock equal to the number of shares of Common
 Stock acquired by ACCEL Media pursuant to such exercise of the Warrant, at an option exercise price of $2.00 per share of Common
 Stock, with such option to be substantially in the same form as the First Option Agreement (each, an "Additional Option Agreement"
 and together with the First Option Agreement, the "Option Agreements"). By way of example, (i) in the event that ACCEL
 Media exercises the Warrant and acquires 500,000 shares of Common Stock thereunder, Customer shall issue to ACCEL Media an Additional
 Option Agreement to acquire 500,000 shares of Common Stock at an exercise price of $2.00 per share of Common Stock; and (ii) in the
 event that ACCEL Media thereafter exercises the Warrant and acquires an additional 200,000 shares of Common Stock thereunder, Customer
 shall issue to ACCEL Media an Additional Option Agreement to acquire 200,000 shares of Common Stock at an exercise price of $2.00
 per share of Common Stock. The number of shares and exercise price for the Additional Option Agreement(s) shall be subject to equitable
 adjustments for stock splits and other matters as set forth in the First Option Agreement.

3. <u>DDP Exposé Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. Throughout
 the Term, ACCEL will exclusively rely on and use DDP to offer, create and distribute any custom thirty (30) minute or longer program
 primarily about a single company that reveals a generally hidden truth
 about a person, place or thing (such services to be hereafter referenced as "DDP Services", and such programs
 to be generally or generically referenced as exposés), for all ACCEL in-house video production and marketing content that is
 tendered to ACCEL customers. Without limitation, DDP Services will be offered for all short form, long form and billboard clients
 of ACCEL Media's New to The Street brand, as well as third parties including but not limited to Exploring The Block, Deposits.com
 and all ACCEL collaborations. ACCEL's reliance on and use of DDP Services as described in this paragraph may be referred to
 hereafter as the "Exclusive". For avoidance of doubt, the Exclusive shall apply to both the Customer and any third-party
 customer of ACCEL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. Notwithstanding
 anything to the contrary herein, all DDP Services deliverables shall be the intellectual property of the ACCEL business for which
 it was created. Each such deliverable shall constitute a work made for hire by DDP for the benefit of ACCEL. As between the Parties,
 all right, title and interest in and to deliverables from DDP Services shall be solely held by ACCEL.

3.3. For
 avoidance of doubt, ACCEL understands and agrees that DDP shall provide services similar to the DDP Services to all customers of
 DDP, some or all of whom may be indirect or direct competitors of ACCEL. The general provision of such services by DDP shall not
 be a violation of the terms of this Agreement by DDP or SGTM.

4. <u>General Representations, Warranties and Covenants.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. ACCEL
 represents, warranties and covenants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1. By
 or before the end of the Term, it will tender assorted promotional media, including but not
 limited to billboard ads, radio spots, television spots, digital advertising, print publications
 other promotional and advertising units, with a market value of not less than Thirty Million
 Seven Hundred Thousand Dollars ($30,700,000), to Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2. ACCEL's
 communications to third-parties and the public under this Agreement will be information which
 has been provided by the Customer and approved in advance by Customer prior to publication
 by ACCEL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3. Any
 deliverable produced, published, or disseminated as part of the Services will substantially
 conform to applicable laws, regulations, this Agreement, our Privacy Policy and Terms of
 Service as in effect on the date hereof and shall not infringe the interests of any third-party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.4. The
 terms of this Agreement shall govern and control to the extent of any conflict between this
 Agreement and policies published by ACCEL, including any privacy policy and terms of service
 on an ACCEL website.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.5. It
 will diligently cooperate and collaborate with DDP to faithfully exploit the Exclusive for
 the benefit of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.6. No
 officer, member, director, manager, shareholder or employee of ACCEL will permit, facilitate,
 cooperate or participate in any attempt, directly or indirectly, to circumvent the Exclusive
 by providing business or services or allowing another person to provide business or services
 competitive to DDP Services, to any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.7. ACCEL
 will use and permit use of the Customer Information only in accordance with applicable laws,
 regulations and our Privacy Notice, and will not disclose nor permit disclosure of the Customer
 Information except in one of the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.7.1. We
 have obtained your authorization in advance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.7.2. To
 meet the requirements of regulators;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.7.3. To
 cooperate with third parties in connection with providing the Services, provided that such
 third parties shall be required to agree to the same or substantially similar terms and conditions
 relating to ownership, use and dissemination of the Customer Information as set forth in
 this Agreement, and ACCEL shall be responsible for the failure of any third parties to comply
 with such terms and conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. Customer
 represents, warranties and covenants that the Customer's officers, directors, agents,
 and employees shall use commercially reasonable efforts to supply ACCEL with accurate and
 complete information at all times, qualify any information unknown or uncertain, and promptly
 correct and notify ACCEL of any inaccurate information which was inadvertently supplied by
 Customer in the course of performance of this Agreement by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. Each
 Party (the "Representing Party") represents and warrants to each other Party
 as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.1. The
 Representing Party is an entity duly authorized and in good standing under the laws of the
 State of its organization and has the requisite power and capacity to execute and deliver
 this Agreement and the other agreements referenced herein (collectively, the "Transaction
 Documents") to which the Representing Party is a party and to perform its obligations
 hereunder and thereunder. The execution, delivery and performance by the Representing Party
 of the applicable Transaction Documents and the consummation of the transactions contemplated
 herein and therein have been duly and validly authorized by all requisite action on the part
 of the Representing Party. The Transaction Documents to which the Representing Party is a
 party have been duly and validly executed and delivered by the Representing Party. Each Transaction
 Document to which the Representing Party is a party constitutes the valid and legally binding
 obligation of the Representing Party, enforceable against the Representing Party in accordance
 with its terms and conditions, except to the extent enforcement thereof may be limited by
 applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors'
 rights or by the principles governing the availability of equitable remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.2. No
 consent, order, action or non-action of, or filing, notification, declaration or registration
 with, any federal, state, municipal, local or foreign government and any court, tribunal,
 arbitral body, administrative agency, department, subdivision, entity, commission or other
 governmental, government appointed, quasi-governmental or regulatory authority, reporting
 entity or agency, domestic, foreign or supranational entity or authority is necessary for
 the execution, delivery or performance by the Representing Party of this Agreement or any
 other Transaction Document to which the Representing Party is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.3. The
 execution, delivery and performance by the Representing Party of the Transaction Documents
 to which the Representing Party is a party, and the consummation by the Company of the transactions
 contemplated herein and therein, do not (i) violate any laws or orders to which the Company
 is subject or (ii) violate, breach or conflict with any provision of the Representing Party's
 organizational documents.

5. <u>Securities Representations and Warranties of ACCEL Media.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. The
 Initial Shares, the First Option Agreement, the Warrant, any Additional Option Agreement(s),
 and the shares of Common Stock that may be acquired by ACCEL Media pursuant to the First
 Option Agreement, the Warrant, or any Additional Option Agreement(s) are referred to herein
 collectively as the "Securities". ACCEL Media makes the representations and warranties
 as set forth in this Section 4 to Customer, as of the Effective Date and as of the date of
 any exercise of the Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. ACCEL
 Media understands and agrees that the consummation of this Agreement including the delivery
 of the Securities to ACCEL Media as contemplated hereby constitutes the offer and sale of
 securities under the Securities Act of 1933, as amended, and the rules and regulations thereunder
 (the "Securities Act") and applicable state statutes and that the Securities
 are being acquired for ACCEL Media's own account and not with a present view towards
 the public sale or distribution thereof, except pursuant to sales registered or exempted
 from registration under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. ACCEL
 Media is an "accredited investor" as that term is defined in Rule 501(a) of Regulation
 D under the Securities Act (an "Accredited Investor").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. ACCEL
 Media understands that the Securities are being offered and sold to ACCEL Media in reliance
 upon specific exemptions from the registration requirements of United States federal and
 state securities Laws and that the Customer is relying upon the truth and accuracy of, and
 ACCEL Media's compliance with, the representations, warranties, agreements, acknowledgments
 and understandings of ACCEL Media set forth herein in order to determine the availability
 of such exemptions and the eligibility of ACCEL Media to acquire the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5. ACCEL
 Media and its advisors, if any, have been furnished with all materials relating to the Customer
 and its business, finances and operations of the Customer and materials relating to the offer
 and sale of the Securities which have been requested by ACCEL Media or its advisors. ACCEL
 Media and its advisors, if any, have been afforded the opportunity to ask questions of the
 Customer. ACCEL Media understands that its investment in the Securities involves a significant
 degree of risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6. At
 no time was ACCEL Media presented with or solicited by any leaflet, newspaper or magazine
 article, radio or television advertisement, or any other form of general advertising or solicited
 or invited to attend a promotional meeting otherwise than in connection and concurrently
 with such communicated offer. ACCEL Media is not purchasing the Securities acquired by ACCEL
 Media hereunder as a result of any "general solicitation" or "general advertising,"
 as such terms are defined in Regulation D under the Securities Act, which includes, but is
 not limited to, any advertisement, article, notice or other communication regarding the Securities
 acquired by ACCEL Media hereunder published in any newspaper, magazine or similar media or
 on the internet or broadcast over television, radio or the internet or presented at any seminar
 or any other general solicitation or general advertisement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7. ACCEL
 Media is acquiring the Securities for its own account as principal, not as a nominee or agent,
 for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization
 thereof in whole or in part and no other person has a direct or indirect beneficial interest
 in the Securities. Further, ACCEL Media does not have any contract, undertaking, agreement
 or arrangement with any person to sell, transfer or grant participations to such person or
 to any third person, with respect to the Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8. ACCEL
 Media understands that (i) the sale or re-sale of the Securities has not been registered
 under the Securities Act or any applicable state securities laws, and the Securities may
 not be transferred unless (1) the Securities are sold pursuant to an effective registration
 statement under the Securities Act; (2) ACCEL Media shall have delivered to the Customer,
 at the cost of ACCEL Media, an opinion of counsel that shall be in form, substance and scope
 customary for opinions of counsel in comparable transactions to the effect that the Securities
 to be sold or transferred may be sold or transferred pursuant to an exemption from such registration,
 which opinion shall be accepted by the Customer; (3) the Securities are sold or transferred
 to an "affiliate" (as defined in Rule 144 promulgated under the Securities Act
 (or a successor rule) ("Rule 144") of ACCEL Media who agrees to sell or otherwise
 transfer the Securities only in accordance with this Section 4 to a Person who is an Accredited
 Investor; (4) the Securities are sold pursuant to Rule 144; (5) the Securities are sold pursuant
 to Regulation S under the Securities Act (or a successor rule) ("Regulation S");
 or (6) the Securities are sold pursuant to the exemption from registration afforded under
 Section 4(a)(1) or Section 4(a)(7) of the Securities Act, and ACCEL Media shall have delivered
 to the Customer, at the cost of ACCEL Media, an opinion of counsel that shall be in form,
 substance and scope customary for opinions of counsel in corporate transactions, which opinion
 shall be accepted by the Customer; (ii) any sale of Securities made in reliance on Rule 144
 may be made only in accordance with the terms of said Rule and further, if said Rule is not
 applicable, any re-sale of Securities under circumstances in which the seller (or the person
 through whom the sale is made) may be deemed to be an underwriter (as that term is defined
 in the Securities Act) may require compliance with some other exemption under the Securities
 Act or the rules and regulations of the Securities and Exchange Commission thereunder; and
 (iii) neither the Customer nor any other person is under any obligation to register such
 Securities under the Securities Act or any state securities laws or to comply with the terms
 and conditions of any exemption thereunder (in each case).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9. ACCEL
 Media, either alone or together with its Representatives, has such knowledge, sophistication
 and experience in business and financial matters so as to be capable of evaluating the merits
 and risks of the prospective investment in the Securities, and has so evaluated the merits
 and risks of such investment. ACCEL Media is able to bear the economic risk of its investment
 in the Securities and, at the present time, is able to afford a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10. ACCEL
 Media understands that no United States federal or state agency or any other governmental
 or state agency has passed on or made recommendations or endorsement of the Securities or
 the suitability of the investment in the Securities nor have such authorities passed upon
 or endorsed the merits of the Transactions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11. Any
 legend required by the securities laws of any state to the extent such laws are applicable
 to the Securities represented by the certificate so legended shall be included on any certificates
 representing the Securities. ACCEL Media also understands that the Securities may bear the
 following or a substantially similar legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE NOT SET FORTH HEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12. ACCEL
 Media has not engaged any investment banker, finder, broker or sales agent or any other Person
 (as defined below) in connection with the origin, negotiation, execution, delivery or performance
 of this Agreement or the transactions contemplated herein.

6. <u>Lock-Up</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. For
 a period from the Effective Date until the one year anniversary of the Effective Date, (the
 "Lock-Up Period"), ACCEL Media agrees that ACCEL Media shall not, and ACCEL Media
 will not, directly or indirectly lend, offer, pledge, hypothecate, encumber, donate, assign,
 sell, contract to sell, sell any option or contract to purchase, purchase any option or contract
 to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose
 of (or enter into any transaction or device that is designed to, or could be expected to,
 result in the disposition by any person at any time in the future of), directly or indirectly,
 any of the shares of Common Stock issued to ACCEL Media pursuant to this Agreement, the First
 Option Agreement, the Warrant or any Additional Option Agreement(s) (collectively, the "Shares"),
 (ii) enter into any swap or other arrangement that transfers to another, in whole or in part,
 any of the economic consequences of ownership of the Shares, or (iii) publicly disclose the
 intention to do any of the foregoing (each, a "Prohibited Transfer").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. In
 the event of any split of the Common Stock during the Lock-Up Period, the "Shares"
 shall be deemed to include all shares of Common Stock received by the ACCEL Media with respect
 to any split of the original "Shares" defined herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3. If
 any Prohibited Transfer is made or attempted, such purported Prohibited Transfer shall be
 null and void ab initio, and the Customer shall refuse to recognize any such purported transferee
 of the Shares as one of its equity holders for any purpose, and the Customer and its transfer
 agent are (a) hereby authorized to decline to register any transfer of securities if such
 transfer would constitute a violation or breach of this Agreement and (b) to imprint on any
 certificate representing any of the Shares a legend describing the restrictions contained
 herein. In order to enforce this Agreement, the Customer may impose stop-transfer instructions
 with respect to the Shares until the end of the Lock-Up Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4. During
 the Lock-Up Period, each certificate evidencing any Restricted Securities shall be stamped
 or otherwise imprinted with a legend in substantially the following form, in addition to
 any other applicable legends:

"THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT BY AND BETWEEN THE ISSUER OF SUCH SECURITIES (THE "ISSUER") AND THE ISSUER'S SECURITY HOLDER NAMED THEREIN, AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST."

7. <u>Intellectual Property</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. Customer
 shall retain all ownership of, and all right, title and interest in, all content, subject
 matter, communications and other information supplied by Customer and deliverables (such
 as but not limited to T.V. shows) produced by ACCEL for Customer in performance of this Agreement
 (the "Customer Information"), and Customer shall retain all intellectual property
 rights related to the Customer Information, including without limitation, copyrights, trademarks,
 trade secrets, patents, moral rights, contract and licensing rights, translations, modifications,
 replacements or derivatives thereof (the "Proprietary Rights"). For avoidance
 of doubt, Customer's Proprietary Rights include, without limitation, rights to control
 prosecution of and defense against claims pertaining to the Customer Information, including,
 without limitation, rights to sue for, and to retain judgment or settlement (including penalties,
 interest, costs, and reimbursement) arising from, past, present or future infringement, worldwide,
 whether the infringement be of a right claimed by Customer in an application for registration
 with the U.S. Patent and Trademark Office, or any other foreign or domestic agency or department,
 or of a registered right, or any modification, amendment, continuation, or substitution thereof,
 and all priority rights appertaining thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. The
 Customer acknowledges that ACCEL owns any and all titles, rights and interests, including
 the intellectual property rights, in and to the tools and know-how of ACCEL used to provide
 the Services, but not the Customer Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. Except
 as expressly provided by this Agreement, ACCEL has no right or license, use or benefit from
 the Customer Information without the prior written consent of the Customer, in Customer's
 sole discretion, and ACCEL has no right to copy, reproduce, modify or otherwise use in any
 form, any of the Customer information or Proprietary Rights, or assign any right, right or
 interest therein to any other person or entity.

8. <u>Confidentiality.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Definitions</u>.
 For purposes of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1. The
 Party disclosing Confidential Information hereunder shall be referred to as the "Disclosing
 Party" and the Party receiving Confidential Information hereunder shall be referred
 to as the "Receiving Party".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2. Except
 as provided below, "Confidential Information" of Disclosing Party shall mean
 any confidential, proprietary or trade secret information, data or know-how which relates
 to the business, research, services, products, customers, suppliers, employees, or financial
 information of the Disclosing Party and its subsidiaries and Affiliates (as defined below),
 including, but not limited to, product or service specifications, designs, drawings, prototypes,
 computer programs, models, business plans, marketing plans, financial data, financial statements,
 financial forecasts and statistical information, in each case that is marked as confidential,
 proprietary or secret, or with an alternate legend or marking indicating the confidentiality
 thereof or which, from the nature thereof should reasonably be expected to be confidential
 or proprietary, in each case which is disclosed by the Disclosing Party or on its behalf,
 after the date hereof, to the Receiving Party either in writing, orally, by inspection or
 in any other form or medium. Any technical or business information of a third person furnished
 or disclosed shall be deemed "Confidential Information" of the Disclosing Party
 unless otherwise specifically indicated in writing to the contrary. The fact that the Parties
 are communicating regarding a potential business relationship shall also be deemed "Confidential
 Information" under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.3. "Affiliate"
 means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled
 by, or under common Control with such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.4. "Control"
 of a Person means the possession, directly or indirectly, of the power to direct or cause
 the direction of the management and policies of such Person, whether through the ownership
 of voting securities, by contract, or otherwise." Controlled", "Controlling"
 and "under common Control with" have correlative meanings. Without limiting the
 foregoing a Person (the "Controlled Person") shall be deemed Controlled by (a)
 any other Person (the "10% Owner") (i) owning beneficially, as meant in Rule
 13d-3 under the Securities Exchange Act of 1934, as amended, securities entitling such Person
 to cast 10% or more of the votes for election of directors or equivalent governing authority
 of the Controlled Person or (ii) entitled to be allocated or receive 10% or more of the profits,
 losses, or distributions of the Controlled Person; (b) an officer, director, general partner,
 partner (other than a limited partner), manager, or member (other than a member having no
 management authority that is not a 10% Owner) of the Controlled Person; or (c) a spouse,
 parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law,
 sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for
 the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled
 Person is a trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.5. "Person"
 means an individual, corporation, partnership (including a general partnership, limited partnership
 or limited liability partnership), limited liability company, association, trust or other
 entity or organization, including a government, domestic or foreign, or political subdivision
 thereof, or an agency or instrumentality thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Restrictions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1. The
 Receiving Party agrees to use the Confidential Information of the Disclosing Party only for
 the purpose of fulfilling its obligations and enforcing its rights under this Agreement (the
 "Purpose") and shall use reasonable care not to disclose Confidential Information
 to any non-Affiliated third party, such care to be at least equal to the care exercised by
 Receiving Party as to its own Confidential Information, which standard of care shall not
 be less than the current industry standard in effect as of the date of such receipt. Receiving
 Party agrees that it shall make disclosure of any such Confidential Information of the Disclosing
 Party only to its Affiliates and their respective employees (including temporary and leased
 employees subject to a confidentiality obligation), officers, directors, attorneys, consultants,
 advisors and other agents (collectively, "Representatives"), to whom disclosure
 is reasonably necessary for the Purpose. Receiving Party shall appropriately notify such
 Representatives that the disclosure is made in confidence and shall be kept in confidence
 in accordance with this Agreement. Receiving Party shall be responsible for the failure of
 its Representatives to comply with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2. Without
 the prior consent of the Disclosing Party, the Receiving Party shall not remove any proprietary,
 copyright, trade secret or other protective legend from the Confidential Information of the
 Disclosing Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3. Receiving
 Party acknowledges that the Confidential Information of the Disclosing Party disclosed hereunder
 may constitute "Technical Data" and may be subject to the export laws and regulations
 of the United States. Receiving Party agrees it will not knowingly export, directly or indirectly,
 any Confidential Information of the Disclosing Party or any direct product incorporating
 any Confidential Information of the Disclosing Party, whether or not otherwise permitted
 under this Agreement, to any countries, agencies, groups or companies prohibited by the United
 States Government unless proper authorization is obtained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.4. Nothing
 herein shall be construed as granting to Receiving Party or its Affiliates any right or license
 to use or practice any of the information defined herein as Confidential Information of the
 Disclosing Party and which is subject to this Agreement as well as any trade secrets, know-how,
 copyrights, inventions, patents or other intellectual property rights now or hereafter owned
 or controlled by the Disclosing Party. Except as allowed by applicable law, Receiving Party
 shall not use any trade name, service mark or trademark of the Disclosing Party or refer
 to the Disclosing Party in any promotional or sales activity or materials without first obtaining
 the prior written consent of the Disclosing Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Exceptions</u>.
 The obligations imposed in Section 7.2 shall not apply to any Confidential Information that
 (i) was already in the possession of Receiving Party at the time of disclosure without restrictions
 on its use or is independently developed by Receiving Party after the effective date of this
 Agreement, provided that the person or persons developing same have not used such information
 received from the Disclosing Party, or is rightfully obtained from a source other than from
 the Disclosing Party; (ii) is in the public domain at the time of disclosure or subsequently
 becomes available to the general public through no fault of Receiving Party; (iii) is obtained
 by Receiving Party from a third person who is under no obligation of confidence to the Disclosing
 Party; or (iv) is disclosed without restriction by the Disclosing Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. <u>Return of Confidential Information</u>. Upon termination of this Agreement for any reason or upon
 request by the Disclosing Party made at any time, all Confidential Information of the Disclosing
 Party, together with any copies of same as may be authorized herein, shall be returned to
 the Disclosing Party, or destroyed and certified as such by an officer of Receiving Party,
 at the Receiving Party's option. Receiving Party may retain one copy of all written
 Confidential Information for its files for reference in the event of a dispute hereunder
 or as is necessary to comply with its document retention policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5. <u>Ownership of Confidential Information</u>. As between the Disclosing Party and Receiving Party, the

 the Disclosing Party or the Receiving Party, will remain the property of the Disclosing Party.
 For purposes of this Agreement, "Derivative" shall mean: (i) for copyrightable
 or copyrighted material, any translation, abridgement, revision or other form in which an
 existing work may be recast, transformed or adapted, and which constitutes a derivative work
 under the Copyright laws of the United States; (ii) for patentable or patented material,
 any improvement thereon; and (iii) for material which is protected by trade secret, any new
 material derived from such existing trade secret material, including new material which may
 be protected by copyright, patent and/or trade secret.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6. <u>No Rights or Obligations</u>. Except for the restrictions on use and disclosure of Confidential
 Information imposed in this Agreement, no obligation of any kind is assumed or implied against
 either Party or their Affiliates by virtue of meetings or conversations between the Parties
 hereto with respect to the subject matter stated above or with respect to the exchange of
 Confidential Information. Each Party further acknowledges that this Agreement and any meetings
 and communications of the Parties and their Affiliates relating to the same subject matter
 shall not (i) constitute an offer, request, invitation or contract with the other Party to
 engage in any research, development or other work; (ii) constitute an offer, request, invitation
 or contract involving a buyer-seller relationship, joint venture, teaming or partnership
 relationship between the Parties and their Affiliates; or (iii) constitute a representation,
 warranty, assurance, guarantee or inducement with respect to the accuracy or completeness
 of any Confidential Information or the non-infringement of the rights of third persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7. <u>Acknowledgement</u>.
 Each Party as Receiving Party acknowledges and agrees that, with respect to any information
 provided by Disclosing Party, its Affiliates, and their respective stockholders, members,
 partners, directors, managers, officers, employees, agents, advisors, and other representatives,
 each expressly disclaims any and all liability for representations, expressed or implied,
 contained in or omitted from such information, and nothing contained in such information
 is or shall be relied upon as a promise or representation by any Disclosing Party, its Affiliates,
 or any of their respective stockholders, members, partners, directors, managers, officers,
 employees, agents, advisors, or other representatives as to the past or future performance
 of Disclosing Party. Each Party as Receiving Party further acknowledges and agrees that any
 such information provided by any Disclosing Party does not purport to be all-inclusive or
 to necessarily contain all the information that Receiving Party may desire, and such information
 may include certain statements, estimates and projections provided by Disclosing Party with
 respect to anticipated future performance ("forward looking statements"). Forward-looking
 statements include, without limitation, any statement that may predict, forecast, indicate,
 or imply future results, performance or achievements, and may contain the words "estimate,"
 "project," "intend," "forecast," "anticipate,"
 "plan," "planning," "expect," "believe,"
 "will likely," "should," "could," "would,"
 "may" or words or expressions of similar meaning. Such statements, estimates
 and projections reflect significant assumptions and subjective judgments by management of
 Disclosing Party concerning anticipated results. These assumptions and judgments may or may
 not prove to be correct and there can be no assurance that any projected result will be attainable
 or will be realized. As events and circumstances frequently do not occur as expected, there
 will usually be differences between anticipated and actual future performance, and those
 variances may be material. No Disclosing Party or its Affiliates or any of their respective
 stockholders, members, partners, directors, managers, officers, employees, agents, advisors,
 or other representatives makes any representations or warranties as to their accuracy or
 completeness except as may be set forth in a written definitive agreement related to the
 Transactions, when and if one is executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8. <u>Request for Confidential Information Pursuant to Court or Other Proceeding</u>. If Receiving Party
 is requested or required (by oral questions, deposition, interrogatories, subpoena, civil
 investigative demand or other similar non-criminal process) to disclose any Confidential
 Information of the Disclosing Party supplied to Receiving Party under this Agreement, the
 Receiving Party will provide the Disclosing Party with prompt written notice of such request(s)
 so that the Disclosing Party may, at the Disclosing Party's option, (a) seek an appropriate
 protective order; (b) consult with the Receiving Party on the advisability of taking steps
 to resist or narrow such request or requirement; or (c) waive in writing the Receiving Party's
 compliance with the provisions of this Agreement for the sole purpose of complying with the
 request. If, in the absence of a protective order or the receipt of a written waiver hereunder,
 the Receiving Party is nonetheless, in the reasonable opinion of its counsel, compelled to
 disclose Confidential Information of the Disclosing Party to any governmental tribunal or
 else stand liable for contempt or suffer other censure or penalty, the Receiving Party will
 cooperate with the Disclosing Party at the Disclosing Party's expense in any attempt
 that the Disclosing Party may make to obtain an order or other reliable assurance that confidential
 treatment will be provided by such tribunal for all or designated portions of such Confidential
 Information disclosed by the Disclosing Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9. <u>No License</u>. Nothing in this Agreement shall be construed as granting any right or license
 to the Receiving Party or any other Party, by implication or otherwise, with respect to any
 Confidential Information of the Disclosing Party, except for the limited purposes set forth
 above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10. <u>Standstill</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.1. ACCEL
 acknowledges and agrees that Customer is a public company, currently trading on the OTC Markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2. ACCEL
 agrees that, for as long as any information, including Confidential Information, continues
 to meet the definition of Material Non-Public Information (as defined below) as set forth
 herein (the "Standstill Period"), ACCEL shall not, and ACCEL shall ensure that
 none of its Representatives shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.1. buy
 or sell any securities or derivative securities of or related to Customer, or any interest
 therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.2. undertake
 any actions or activities that would reasonably be expected to result in a violation of the
 Securities Act or of the Securities Exchange Act of 1934, as amended (the "Exchange
 Act"), including, without limitation, Section 10(b) thereunder, or the rules and regulations
 thereunder, including, without limitation, Rule 10b-5 promulgated thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.3. effect,
 seek, offer or propose (whether publicly or otherwise) to effect, or cause or participate
 in, or in any way assist any Person to effect, seek, offer or propose (whether publicly or
 otherwise) to effect or participate in (1) any acquisition of any securities (or beneficial
 ownership thereof) or all or substantially all of the assets of Customer or any of its subsidiaries,
 (2) any tender or exchange offer, merger or other business combination involving Customer
 or any of its subsidiaries, (3) any recapitalization, restructuring, liquidation, dissolution
 or other extraordinary transaction with respect to Customer or any of its subsidiaries, or
 (4) any "solicitation" of "proxies" (as such terms are used in the
 proxy rules of the Securities and Exchange Commission) or consents to vote any voting securities
 of Customer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.4. form,
 join or in any way participate in a "group" (as defined under the Exchange Act)
 with respect to the securities of Customer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.5. make
 any public announcement with respect to, or submit an unsolicited proposal for or offer of
 (with or without condition), any extraordinary transaction involving Customer or its securities
 or assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.6. otherwise
 act, alone or in concert with others, to seek to control or influence the management, Board
 of Directors or policies of Customer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.7. take
 any action which might force Customer to make a public announcement regarding any of the
 types of matters set forth in Section 7.10.2.3; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.2.8. enter
 into any discussions or arrangements with any third party with respect to any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10.3. ACCEL
 also agrees during the Standstill Period not to request Customer (or its directors, officers,
 employees or agents), directly or indirectly, to amend or waive any provision of this 7.10.

9. <u>Term and Termination.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. This
 Agreement shall expire on the fifth anniversary of the Effective Date (this period is referenced
 herein as the "Term"), unless earlier terminated as permitted herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. Any
 terms that by their nature are intended to survive beyond the termination or expiration of
 this Agreement will survive termination. Neither Party's rights nor remedies in respect
 of any claim hereunder will be affected by the termination of this Agreement.

10. <u>Indemnity</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. Customer
 shall indemnify, defend and hold ACCEL and its officers, agents, and employees harmless from
 and against any third-party claim or regulatory enforcement proceeding, alleging material
 misinformation published by ACCEL or any material omission that caused information to be
 materially misleading, which claim or regulatory enforcement proceeding arises out of information
 supplied by or approved by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. ACCEL
 shall indemnify, defend and hold Customer its officers, agents, and employees harmless from
 and against any third-party claim or regulatory enforcement proceeding, alleging material
 misinformation published by ACCEL or any material omission that caused published information
 to be materially misleading, to the extent the information alleged to be misleading was not
 provided by the Customer or was published without the approval of the Customer. All claims
 or disputes between the Parties concerning whether information was provided or approved by
 the Customer, or whether there has been gross negligence by any Party, shall be subject to
 the arbitration provisions of this Agreement.

11. <u>Governing Law</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. This
 Agreement is governed by and construed in accordance with the laws of the State of Florida
 as applied to agreements performed wholly within the State of Florida, without application
 of the conflicts of laws provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. The
 Parties will endeavor to resolve any dispute or claim between the Parties through informal
 negotiation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3. If
 any dispute or claim has not been resolved through such negotiations within a period of 30
 days from the date on which notice of the claim was received by a respondent Party, any controversy
 or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled
 by binding arbitration in accordance with the rules of the American Arbitration Association
 (AAA), and judgment upon the award rendered by the arbitrator shall be entered in any court
 having jurisdiction thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3.1. The
 Parties shall submit the dispute to binding arbitration administered by the AAA before a
 single neutral arbitrator appointed by the Parties in accordance with the Commercial Arbitration
 Rules of the ADR Services, who shall be a retired judge, justice or attorney with at least
 ten (10) years of experience in resolving disputes pertaining to corporate communications.
 Unless otherwise agreed to by the Parties, all arbitration proceedings shall take place in
 Orange County, Florida. All arbitration proceedings shall be confidential. Neither Party
 shall disclose any information about the evidence produced by the other Party in the arbitration
 proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or
 as may be demanded by government authority or applicable law. Before making any disclosure
 permitted by the preceding sentence, a Party shall give the other Party reasonable advance
 written notice of the intended disclosure and an opportunity to prevent disclosure. The arbitrator
 shall issue an award, accompanied by a written opinion not to exceed ten (10) pages, containing
 conclusions of law and findings of fact. The arbitrator's award shall be final and
 judgment may be entered upon such award by any court of competent jurisdiction. The prevailing
 Party shall be entitled reasonable attorneys' fees and its costs as further described
 in Section 18. The Parties agree that this clause has been included to rapidly and inexpensively
 resolve any disputes between them with respect to this Agreement, and that this clause shall
 be grounds for dismissal of any court action commenced by with respect to this Agreement,
 other than post-arbitration actions seeking to enforce an arbitration award and actions seeking
 equitable, injunctive or other similar relief in accordance with Section 8.3.2, which shall
 be resolved exclusively in the state or federal courts sitting in Orange County, Florida.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3.2. <u>Equitable Remedies.</u> Each Party agrees that a breach of its covenants, agreements or obligations
 under this Agreement will result in irreparable harm to the other Party and, in the event
 of such breach, or threatened breach, the breaching Party agrees that the other Party will
 have available the right to preliminary and permanent injunctive relief and other equitable
 relief issued by any court of competent jurisdiction to prevent or curtail any such breach,
 or threatened breach, and to specific performance of any covenant contained herein, in each
 case without the proof of actual damage or any bond or similar security being posted, in
 order that the breach, or threatened breach, of such provisions may be effectively restrained.
 The Parties agree that this remedy shall be in addition to all other remedies set forth in
 the Agreement or as set forth herein. The Parties further agree that they will not assert
 as a claim or defense in any action or proceeding to enforce any provision hereof that the
 other Party has or had an adequate remedy at law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3.3. The
 Parties hereto consent to the exclusive jurisdiction and venue of an appropriate state or
 federal court located in Orange County, Florida. In the event litigation results from or
 arises out of this Agreement or the performance thereof, the Parties agree to reimburse the
 prevailing Party's reasonable attorney's fees, court costs, and all other expenses,
 whether taxable by the court as costs, in addition to any other relief to which the prevailing
 Party may be entitled as further described in Section 18. In such an event, no action shall
 be entertained by said Court or any Court of competent jurisdiction if filed more than one
 year after the date the cause(s) of action occurred regardless of whether damages were otherwise
 as of said time calculable.

12. <u>Amendments</u>.
 No amendment to or modification of this Agreement is effective unless it is in writing and
 signed by authorized representatives of Parties.

13. <u>Notices</u>.
 All notices under this Agreement shall be in writing. Notices may be served by certified
 or registered mail, postage paid with return receipt requested; by private courier, prepaid;
 by other reliable form of electronic communication; or personally. Mailed notices shall be
 deemed delivered seven (7) days after mailing, properly addressed. Couriered notices shall
 be deemed delivered on the date that the courier warrants that delivery will occur. Electronic
 communication notices shall be deemed delivered when receipt is either confirmed by confirming
 transmission equipment or acknowledged by the addressee or its office. Personal delivery
 shall be effective when accomplished. Any Party may change its address by giving notice,
 in writing, stating its new address, to the other Party. Subject to the forgoing, notices
 shall be sent as follows:

If to the Customer:

Brian Rivera

The Sustainable Green Team, Ltd.

24-200 County Road

Astatula, Florida 34705

Email: brian@centralfloridaarborcare.com

If to ACCEL, to:

ACCEL Media International LLC

Attn: Vince Caruso

201 East 5<sup>th</sup> Street, Suite 1200

Sheridan, WY 82801

Email: [____________]

14. <u>Entire Agreement</u>. This Agreement, the First Option Agreement, the Warrant and any Additional
 Option Agreement(s) set forth all the promises, covenants, agreements, conditions and understandings
 between the Parties, and supersede all prior and contemporaneous agreements, understandings,
 inducements or conditions, expressed or implied, oral or written, except as herein or therein
 contained. The article and section headings contained in this Agreement are inserted for
 convenience only and shall not affect in any way the meaning or interpretation of the Agreement.

15. <u>Binding Effect; Assignment</u>. This Agreement shall be binding upon and shall inure to the benefit
 of the Parties and their respective successors and permitted assigns. No Party shall have
 any power or any right to assign or transfer, in whole or in part, this Agreement, or any
 of its rights or any of its obligations hereunder, including, without limitation, any right
 to pursue any claim for damages pursuant to this Agreement or the transactions contemplated
 herein, or to pursue any claim for any breach or default of this Agreement, or any right
 arising from the purported assignor's due performance of its obligations hereunder,
 without the prior written consent of the other Party and any such purported assignment in
 contravention of the provisions herein shall be null and void and of no force or effect.

16. <u>No Waiver</u>. No waiver of any provision of this Agreement shall be effective unless it is
 in writing and signed by the Party against whom it is asserted, and any such written waiver
 shall only be applicable to the specific instance to which it relates and shall not be deemed
 to be a continuing or future waiver. No failure to exercise and no delay in exercising on
 the part of either of the Parties any right, power or privilege under this Agreement shall
 operate as a waiver of it, nor shall any single or partial exercise of any other right, power
 or privilege preclude any other or further exercise of its exercise of any other right, power
 or privilege.

17. <u>Severability; Expenses; Further Assurances</u>. If any term, condition or other provision of this Agreement
 is determined by a court of competent jurisdiction to be invalid, illegal or incapable of
 being enforced by any rule of law or public policy, all other terms, conditions and provisions
 of this Agreement shall nevertheless remain in full force and effect so long as the economic
 or legal substance of the transactions contemplated by this Agreement is not affected in
 any manner materially adverse to any Party. Except as otherwise specifically provided in
 this Agreement, each Party shall be responsible for the expenses it may incur in connection
 with the negotiation, preparation, execution, delivery, performance and enforcement of this
 Agreement. The Parties shall from time to time do and perform any additional acts and execute
 and deliver any additional documents and instruments that may be required by law or reasonably
 requested by any Party to establish, maintain or protect its rights and remedies under, or
 to effect the intents and purposes of, this Agreement. Without limitation, the Parties will
 consider memorializing ACCEL Media's exclusive reliance on DDP Services in a separate
 agreement.

18. <u>Specific Performance</u>. Each Party agrees that irreparable damage would occur if any provision of
 this Agreement were not performed in accordance with the terms hereof and that each Party
 shall be entitled to seek specific performance of the terms hereof in addition to any other
 remedy at law or in equity.

19. <u>Attorneys' Fees</u>. If any Party hereto is required to engage in dispute resolution, arbitration, or
 has a claim properly lodged in court against any other Party, either as plaintiff or as defendant,
 in order to enforce or defend any rights under this Agreement, and such dispute results in
 a final judgment in favor of such Party ("Prevailing Party"), then the party
 or parties against whom said final judgment is obtained shall reimburse the Prevailing Party
 for all direct, indirect or incidental expenses incurred, including, but not limited to,
 all attorneys' fees, arbitration or court costs and other expenses incurred throughout
 all negotiations, trials or appeals undertaken in order to enforce the Prevailing Party's
 rights hereunder.

20. <u>Parties in Interest</u>. This Agreement shall be binding upon and inure solely to the benefit of
 each Party, and nothing in this Agreement, express or implied, is intended to confer upon
 any other person or entity any rights or remedies of any nature whatsoever under or by reason
 of this Agreement other than as specifically set forth herein.

21. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in multiple
 counterparts, each of which shall be deemed an original and all of which taken together shall
 be but a single instrument. Counterparts may be delivered via facsimile, electronic mail
 (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, <u>e.g.</u>, www.docusign.com) or other transmission method and any counterpart so delivered
 shall be deemed to have been duly and validly delivered and be valid and effective for all
 purposes.

*[Signatures appear on following page]*

 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the Effective Date by their respective duly authorized officers.

---

| | |
|:---|:---|
| For ACCEL Media International LLC, a Wyoming limited liability company: | For ACCEL Media International LLC, a Wyoming limited liability company: |
| By: | */s/ Vince Caruso* |
| Name: | Vince Caruso |
| Title: | Managing Member |
| For FMW Media Works LLC, a Wyoming limited liability company: | For FMW Media Works LLC, a Wyoming limited liability company: |
| By: | */s/ Vince Caruso* |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

---

| | |
|:---|:---|
| For The Sustainable Green Team, Ltd., a Delaware corporation: | For The Sustainable Green Team, Ltd., a Delaware corporation: |
| By: | */s/ Anthony Raynor* |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |
| For Day Dreamer Productions, LLC, a Florida limited liability company: | For Day Dreamer Productions, LLC, a Florida limited liability company: |
| By: | */s/ Anthony Raynor* |
| Name: | Anthony Rayno |
| Title: | Chief Executive Officer |

---

**<u>EXHIBIT A</u>**

**Schedule of ACCEL Services and Deliverables**

ACCEL shall provide the below Services throughout the Term. Any capitalized terms not defined below shall have the meaning set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. By
 or before the end of the Term, ACCEL will tender assorted promotional media, including but
 not limited to billboard ads, radio spots, television spots, digital advertising, print publications
 other promotional and advertising units, with a market value of not less than Thirty Million
 Seven Hundred Thousand Dollars ($30,700,000), to SGTM and its subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Develop
 a biography format T.V. segment outlining the previous publicly announced milestones of The
 Sustainable Green Team.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Annually
 produce 52 weekly HD specialized NASDAQ interviews, each of approximately five to seven to
 (5-7) minutes duration, throughout the Term. Each interview will contain new content and
 may include partner interviews, B-Roll you provide, and new product announcements that further
 tell your SGTM's story.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. FOX
 Business Network:(#1 rated Business Network with 4.5M households reached Nationwide U.S.).

● Annually broadcast 52 weekly Green Leader Segments on *"New To The Street"* program SGTM will have a 5-7 minute segment plus 2 (15 second) and 2 (30 second) commercials per week, throughout the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Bloomberg
 TV: (124M households reached Nationwide U.S.).

● Broadcast 26 weeks of Green Leader Segments on *"New To The Street"* program

● SGTM will have a 5-7 minute segment plus 2 (15 second) and 2 (30 second) commercials per show.

● Shows air Saturday 6:00pm and Thursday 9:00pm EST

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. NEWSMAX:
 (100M Homes reached Nationwide U.S.+ worldwide digital media player/mobile device availability.)

● Annually broadcast 52 weekly Green Leader Segments on *"New To The Street"* program- Sundays 10am-11:00am EST, throughout the Term.

● SGTM will have a 5-7 minute segment plus 2 (15 second) and 2 (30 second) commercials per week.

● Quarterly Featured CEO interview on Live TV show "*American Agenda* ". Show airs M-F 2:00pm-4:00pm EST. Interview will be with anchor Bob Sellers.

● Weekly Promos on Newsmax Digital and Linear TV Platform driving audience to *"New To The Street"* Green Leader Segment (1.4M Social Media Reach)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Air
 40 (15 second) SGTM commercials monthly on our IN Network show which broadcasts across all
 three networks, FOX Business, Bloomberg TV and Newsmax.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Weekly
 Press Releases announcing the times, dates, and topics to be covered for each new segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. 2
 monthly NASDAQ Marketplace Live Reports sent from NASDAQ, and hosted by our anchor Jane King,
 to CBS, NBC, ABC, and FOX for the Morning & Evening Business News. One per month.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Monthly
 SGTM ads on NASDAQ Iconic Digital Billboard above the NASDAQ MarketSite Entrance. 15 second
 ad rotates every 7-12 minutes daily 7:00am-10:00pm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Monthly
 SGTM ads on 9 panel Digital Midtown Mosaic Billboard at 42<sup>nd</sup> Street and 7<sup>th
</sup>Avenue, Times Square, NY. 15 second ad rotates every 7-12 minutes daily 7:00am-7:00pm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. New
 To The Street Audio Network (launching 2023)

● 2,000 Radio Stations representing 100% US coverage.

● Broadcast Green Leader Segments, sponsored by SGTM Podcast, 60 second spots to air M-F 7:00am-7:00pm.

● Provide SGTM Studio Naming Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. Broadcast
 monthly, for each month throughout the Term, 50 SGTM (30 second) commercials on networks
 like: CNN, CNBC, ESPN, Bloomberg, FOX Business TV, HGTV, and The Weather Channel via remnant
 cable inventory purchases. Reach 156 markets M-F 7:00am-7:00pm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Continue
 to make visible the show on the Internet for 60 months, being hosted and archived on www *.* newtothestreet.com.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. TV
 Guide listings across all networks.

**NOTE:** The broadcasts set forth in this Exhibit A are the guaranteed **minimum** number of broadcasts; FOX Business shall grant ACCEL additional airings**.**

**<u>Exhibit B</u>**

**Option Agreement**

(Attached)

<u>OPTION Agreement</u>

Dated as of October 4, 2022

This Option Agreement (this "Agreement") dated as of the date first set forth above (the "Award Date") is entered into by and between The Sustainable Green Team, Ltd., a Delaware corporation (the "Company"), and ACCEL Media International LLC (the "Holder"). The Company and Holder may collective be referred to as the "Parties" and each individually as a "Party."

WHEREAS, the Parties are among the parties to that certain Corporate Communication Services Agreement dated as of the Award Date (the "Services Agreement"); and

WHEREAS, the Company now desires to grant to Holder certain options to acquire certain shares of common stock, par value par value $0.0001 per share, of the Company (the "Common Stock");

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Holder hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Grant</u>.
 Pursuant to the terms herein, the Company hereby grants to Holder as of the Award Date the
 right and option (the "Options") to purchase all or any part of the number of
 Three Million Five Hundred Thousand (3,500,000) shares of Common Stock, subject to the terms
 and conditions of this Agreement and the Services Agreement. The Options are not intended
 to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986,
 as amended.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Option Period</u>. Options shall be exercisable at any time following the date of such vesting and
 expiring on the third anniversary of the Award Date (such period, the "Option Period").
 To the extent not exercised by the end of the Option Period, the Options shall automatically
 expire and terminate.

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Price</u>.
 The exercise price of the Options is $2.00 per Share, subject to adjustment as set forth
 herein (the "Exercise Price").

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Options
 shall be exercisable by Holder delivering to the Company, during the Option Period, a Notice
 of Option Exercise in the form as attached hereto as Exhibit 1 (the "Exercise Notice")
 and complying with the remaining terms and conditions herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Exercise Notice shall be accompanied by full payment of the exercise price by tender to the
 Company of an amount equal to the Exercise Price multiplied by the number of underlying shares
 of Common Stock being purchased (the "Purchase Price"), by wire transfer or by
 certified check or bank cashier's check, payable to the order of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Holder's
 payment for exercise of the Options shall be accompanied by payment of any amount that the
 Company, in its sole discretion, deems necessary to comply with any federal, state or local
 withholding requirements for income and employment tax purposes If the Holder fails to make
 such payment in a timely manner, the Company may: (i) decline to permit exercise of the Options
 or (ii) withhold and set-off against compensation and any other amounts payable to the Holder
 the amount of such required payment. Such withholding may be in the shares underlying the
 Options at the sole discretion of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon
 receipt of the Purchase Price, together with written notice, and Holder's compliance
 with the other provisions herein, the Company will record the Holder as the beneficial owner
 of the applicable shares of Common Stock in the books and records of the Company. The shares
 of Common Stock shall not be certificated. With respect to any exercise of the Options, the
 Holder will for all purposes be deemed to have become the holder of record of the number
 of shares of Common Stock purchased hereunder on the date a properly executed notice and
 payment of the Purchase Price is received by the Company (the "Exercise Date"),
 except that, if the date of such receipt is a date on which the share transfer books of the
 Company are closed, Holder will be deemed to have become the holder of such shares at the
 close of business on the next succeeding date on which the share transfer books are open.

&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Adjustments</u>.
 Upon the occurrence of any of the following events, the Holder's rights with respect
 to the Options shall be adjusted as hereinafter provided unless otherwise specifically provided
 in a written agreement between the Holder and the Company relating to the Options:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If
 the Common Stock shall be subdivided or combined into a greater or smaller number of shares
 or if the Company shall issue any shares of Common Stock as a dividend on its outstanding
 shares of Common Stock, the number of shares of Common Stock deliverable upon the exercise
 of Options shall be equitably and appropriately increased or decreased proportionately, and
 appropriate and equitable adjustments shall be made in the Exercise Price per share to reflect
 such subdivision, combination or share dividend.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If
 the Company is merged or consolidated with or is acquired by another entity (any, an "Acquisition"),
 the Acquisition agreement shall provide that the Options shall be assumed by the surviving
 entity and the Exercise Price and number of Options shall be equitably adjusted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In
 the event of a recapitalization or a reorganization of the Company (other than a transaction
 described in Section 5(b)) pursuant to which securities of the Company or of another corporation
 are issued with respect to the outstanding shares of Common Stock, the Holder upon exercising
 the Options shall be entitled to receive for the purchase price paid upon such exercise,
 the securities the Holder would have received if the Holder had exercised the Options prior
 to such recapitalization or reorganization. Except as expressly provided herein, no issuance
 by the Company of shares of Common Stock of any class or securities convertible or exercisable
 into shares of Common Stock of any class shall affect, and no adjustment by reason thereof
 shall be made with respect to, the number or price of shares subject to the Options. No adjustments
 shall be made for dividends or other distributions paid in cash or in property other than
 securities). With respect to shares issued in accordance with this Section 5, no fractional
 shares shall be issued and the Holder shall receive from the Company cash in lieu of such
 fractional shares or the Company shall round to the nearest whole share of Common Stock,
 as determined by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 Board or the successor Board of Directors shall determine the specific adjustments to be
 made under this Section 5, and its determination shall be conclusive. If the Holder receives
 securities or cash in connection with a transaction described in this Section 5 above as
 a result of holding the Options, such securities or cash shall be subject to all of the conditions
 and restrictions applicable to the Options with respect to which such securities or cash
 were issued, unless otherwise determined by the Board or the successor Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Necessity to Become Holder of Record</u>. The Holder shall not have any rights as a member of the Company
 with respect to any shares of Common Stock underlying the Options until Holder shall have
 become the holder of record of such shares of Common Stock. No dividends or cash distributions,
 ordinary or extraordinary, as to any shares of Common Stock shall be paid to or provided
 to the Holder if the record date is prior to the date on which Holder became the holder of
 record of the applicable shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Conditions to Exercise of Options</u>. In order to enable the Company to comply with the Securities
 Act of 1933, as amended (together with the rules and regulations thereunder, the "Securities
 Act") and relevant state law, the Company may require the Holder, as a condition of
 the exercising of the Options granted hereunder, to give written assurance satisfactory to
 the Company that the shares of Common Stock subject to the Options are being acquired for
 Holder's own account, for investment only, with no view to the distribution of same,
 and that any subsequent resale of any such shares of Common Stock either shall be made pursuant
 to a registration statement under the Securities Act and applicable state law which has become
 effective and is current with regard to the shares of Common Stock being sold, or shall be
 pursuant to an exemption from registration under the Securities Act and applicable state
 law. The Options are subject to the requirement that, if at any time the Board shall determine,
 in its discretion, that the listing, registration, or qualification of the shares of Common
 Stock underlying the Options upon any securities exchange or under any state or federal law,
 or the consent or approval of any governmental regulatory body, is necessary as a condition
 of, or in connection with the issue or purchase of shares underlying the Options, the Options
 may not be exercised in whole or in part unless such listing, registration, qualification,
 consent or approval shall have been effected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Representations and Warranties</u>. Holder hereby makes the representations and warranties as set forth in
 the Services Agreement, with respect to the receipt of the Options and the shares of Common
 Stock that may be acquired upon exercise thereof, and such representations and warranties
 are hereby incorporated herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>No Transfer</u>. Holder may not sell, transfer, assign, give, place in trust, or otherwise dispose
 of or pledge, grant a security interest in, or otherwise encumber the Options, or this Agreement,
 or otherwise encumber the Options or any rights herein or therein, and any attempted transfer
 shall be null and void *ab initio* and the Company shall not recognize any purported
 transferee as the holder thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Taxes.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Holder
 shall pay to the Company, or make arrangements satisfactory to the Company regarding the
 payment of, all federal, state, local and foreign taxes that are required by applicable laws
 and regulations to be withheld by the Company with respect to such amount. Holder shall be
 responsible for the payment of all taxes required to be paid in connection with the issuance
 or vesting of the Options or the shares of Common Stock that may be issued with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) THIS
 SUMMARY DOES NOT ADDRESS SPECIFIC STATE, LOCAL OR FOREIGN TAX CONSEQUENCES THAT MAY BE APPLICABLE
 TO HOLDER. HOLDER UNDERSTANDS THAT THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS
 AND REGULATIONS ARE SUBJECT TO CHANGE. BY SIGNING THIS AGREEMENT, HOLDER REPRESENTS THAT
 HOLDER HAS REVIEWED WITH HOLDER'S OWN TAX ADVISORS THE FEDERAL, STATE, LOCAL AND FOREIGN
 TAX CONSEQUENCES OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT AND THAT HOLDER IS RELYING
 SOLELY ON SUCH ADVISORS AND NOT ON ANY STATEMENTS OR REPRESENTATIONS OF THE COMPANY OR ANY
 OF ITS AGENTS. HOLDER UNDERSTANDS AND AGREES THAT HOLDER (AND NOT THE COMPANY) SHALL BE RESPONSIBLE
 FOR ANY TAX LIABILITY THAT MAY ARISE AS A RESULT OF THE TRANSACTIONS CONTEMPLATED BY THIS
 AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Data Privacy Consent</u>. In order to administer the this Agreement and to implement or structure
 future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof
 (together, the "Relevant Companies") may process any and all personal or professional
 data, including but not limited to Social Security or other identification number, home address
 and telephone number, date of birth and other information that is necessary or desirable
 for the administration of this Agreement (the "Relevant Information"). By entering
 into this Agreement, the Holder (i) authorizes the Company to collect, process, register
 and transfer to the Relevant Companies all Relevant Information; (ii) waives any privacy
 rights the Holder may have with respect to the Relevant Information; (iii) authorizes the
 Relevant Companies to store and transmit such information in electronic form; and (iv) authorizes
 the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies
 consider appropriate. The Holder shall have access to, and the right to change, the Relevant
 Information. Relevant Information will only be used in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Review</u>.
 The Holder has reviewed this Agreement in its entirety, has had an opportunity to obtain
 the advice of counsel before executing this Agreement and fully understands all provisions
 of this Agreement. The Holder hereby agrees to accept as binding, conclusive, and final all
 decisions or interpretations of the Board upon any questions relating to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>No Rights to Continued Engagement</u>. This Agreement does not confer upon Holder any right
 to continued engagement by the Company or any of its subsidiaries or affiliated companies,
 nor shall it interfere in any way with the Company's right to terminate Holder's
 engagement at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>No Restriction</u>. Nothing in this Agreement will restrict or limit in any way the right of
 the Board to issue or sell stock of the Company (or securities convertible into stock of
 the Company) on such terms and conditions as it deems to be in the best interests of the
 Company, including, without limitation, stock and securities issued or sold in connection
 with mergers and acquisitions, stock issued or sold in connection with any stock option or
 similar plan, and stock issued or contributed to any qualified stock bonus or employee stock
 ownership plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Power of Attorney</u>. Holder hereby irrevocably appoints the Company and each of its officers,
 employees and agents as Holder's true and lawful attorneys with power (i) to sign in
 Holder's name and on Holder's behalf stock certificates and stock powers covering
 some or all of the Options and such other documents and instruments as the Board deems necessary
 or desirable to carry out the terms of this Agreement and (ii) to take such other action
 as the Board deems necessary or desirable to effectuate the terms of this Agreement. This
 power, being coupled with an interest, is irrevocable. Holder agree to execute such other
 stock powers and documents as may be reasonably requested from time to time by the Board
 to effectuate the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Assignment</u>.
 This Agreement may not be assigned by either Party without the express prior written consent
 of the other Party hereto, except that the Company (i) may assign this Agreement to any subsidiary
 or affiliate of the Company, provided that no such assignment shall relieve the Company of
 its obligations hereunder without the written consent of the Holder, and (ii) will require
 any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise)
 to all or substantially all of the business and/or assets of the Company to expressly assume
 and agree to perform this Agreement in the same manner and to the same extent that the Company
 would be required to perform it if no such succession had taken place. As used in this Agreement,
 "Company" shall mean the Company as hereinbefore defined and any successor to
 its business and/or assets as aforesaid which assumes and agrees to perform this Agreement
 by operation of law, or otherwise. This Agreement shall inure to the benefit of, and shall
 be binding upon, the successors and permitted assigns of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Governing Law</u>. This Agreement is governed by and construed in accordance with the laws of the State
 of Florida as applied to agreements performed wholly within the State of Florida, without
 application of the conflicts of laws provisions therof. Any disputes hereunder shall be resolved
 in accordance with the provisions of the Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Equitable Remedies.</u> Each Party agrees that a breach of its covenants, agreements or obligations
 under this Agreement will result in irreparable harm to the other Party and, in the event
 of such breach, or threatened breach, the breaching Party agrees that the other Party will
 have available the right to preliminary and permanent injunctive relief and other equitable
 relief issued by any court of competent jurisdiction to prevent or curtail any such breach,
 or threatened breach, and to specific performance of any covenant contained herein, in each
 case without the proof of actual damage or any bond or similar security being posted, in
 order that the breach, or threatened breach, of such provisions may be effectively restrained.
 The Parties agree that this remedy shall be in addition to all other remedies set forth in
 the Agreement or as set forth herein. The Parties further agree that they will not assert
 as a claim or defense in any action or proceeding to enforce any provision hereof that the
 other Party has or had an adequate remedy at law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Jurisdiction</u>.
 The Parties hereto consent to the exclusive jurisdiction and venue of an appropriate state
 or federal court located in Orange County, Florida. In the event litigation results from
 or arises out of this Agreement or the performance thereof, the Parties agree to reimburse
 the prevailing Party's reasonable attorney's fees, court costs, and all other
 expenses, whether taxable by the court as costs, in addition to any other relief to which
 the prevailing Party may be entitled. In such an event, no action shall be entertained by
 said Court or any Court of competent jurisdiction if filed more than one year after the date
 the cause(s) of action occurred regardless of whether damages were otherwise as of said time
 calculable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Amendments</u>.
 No amendment to or modification of this Agreement is effective unless it is in writing and
 signed by authorized representatives of Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Notices</u>.
 All notices under this Agreement shall be in writing and shall be delivered in accordance
 with the provisions of the Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. <u>Entire Agreement</u>. This Agreement, the Services Agreement and the other documents referenced
 in the Services Agreement set forth all the promises, covenants, agreements, conditions and
 understandings between the Parties, and supersede all prior and contemporaneous agreements,
 understandings, inducements or conditions, expressed or implied, oral or written, except
 as herein or therein contained. The article and section headings contained in this Agreement
 are inserted for convenience only and shall not affect in any way the meaning or interpretation
 of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. <u>No Waiver</u>. No waiver of any provision of this Agreement shall be effective unless it is
 in writing and signed by the Party against whom it is asserted, and any such written waiver
 shall only be applicable to the specific instance to which it relates and shall not be deemed
 to be a continuing or future waiver. No failure to exercise and no delay in exercising on
 the part of either of the Parties any right, power or privilege under this Agreement shall
 operate as a waiver of it, nor shall any single or partial exercise of any other right, power
 or privilege preclude any other or further exercise of its exercise of any other right, power
 or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. <u>Severability; Expenses; Further Assurances</u>. If any term, condition or other provision of this Agreement
 is determined by a court of competent jurisdiction to be invalid, illegal or incapable of
 being enforced by any rule of law or public policy, all other terms, conditions and provisions
 of this Agreement shall nevertheless remain in full force and effect so long as the economic
 or legal substance of the transactions contemplated by this Agreement is not affected in
 any manner materially adverse to any Party. Except as otherwise specifically provided in
 this Agreement, each Party shall be responsible for the expenses it may incur in connection
 with the negotiation, preparation, execution, delivery, performance and enforcement of this
 Agreement. The Parties shall from time to time do and perform any additional acts and execute
 and deliver any additional documents and instruments that may be required by law or reasonably
 requested by any Party to establish, maintain or protect its rights and remedies under, or
 to effect the intents and purposes of, this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. <u>Specific Performance</u>. Each Party agrees that irreparable damage would occur if any provision of
 this Agreement were not performed in accordance with the terms hereof and that each Party
 shall be entitled to seek specific performance of the terms hereof in addition to any other
 remedy at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. <u>Attorneys' Fees</u>. If any Party hereto is required to engage in dispute resolution, arbitration, or
 has a claim properly lodged in court against any other Party, either as plaintiff or as defendant,
 in order to enforce or defend any rights under this Agreement, and such dispute results in
 a final judgment in favor of such Party ("Prevailing Party"), then the party
 or parties against whom said final judgment is obtained shall reimburse the Prevailing Party
 for all direct, indirect or incidental expenses incurred, including, but not limited to,
 all attorneys' fees, arbitration or court costs and other expenses incurred throughout
 all negotiations, trials or appeals undertaken in order to enforce the Prevailing Party's
 rights hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. <u>Parties in Interest</u>. This Agreement shall be binding upon and inure solely to the benefit of
 each Party, and nothing in this Agreement, express or implied, is intended to confer upon
 any other person or entity any rights or remedies of any nature whatsoever under or by reason
 of this Agreement other than as specifically set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. <u>Execution in Counterparts, Electronic Transmission</u>. This Agreement may be executed in multiple
 counterparts, each of which shall be deemed an original and all of which taken together shall
 be but a single instrument. Counterparts may be delivered via facsimile, electronic mail
 (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, <u>e.g.</u>, www.docusign.com) or other transmission method and any counterpart so delivered
 shall be deemed to have been duly and validly delivered and be valid and effective for all
 purposes.

*[Signatures appear on following page]*

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Award Date.

---

| | |
|:---|:---|
| The Sustainable Green Team, Ltd. | The Sustainable Green Team, Ltd. |
| By: | */s/ Anthony Raynor* |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |
| ACCEL Media International LLC | ACCEL Media International LLC |
| By: | */s/ Vince Caruso* |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

<u>EXHIBIT 1</u>

<u>NOTICE OF OPTION EXERCISE</u>

Dated: ______________________

To: The Sustainable Green Team, Ltd.

Attn: Chief Executive Officer

Sir/Madam:

Notice is hereby given of my election to purchase _____ shares of common stock of The Sustainable Green Team, Ltd. (the "Company") at a price of $2.00 per share under the provisions of the Option Agreement 1 dated as of [____], 2021 between the Company and the undersigned.

Enclosed is my check made payable to the Company in the amount of $_________________ in payment of the exercise price of the Option and my check in the amount of $________________ made payable to _____________________________ in payment of the tax due on exercise of the Option.

The following information is supplied for use in issuing and registering the shares purchased:

Number of shares of Common Stock: _________________

Name: ACCEL Media International LLC

Address: 201 East 5<sup>th</sup> Street, Suite 1200 <br> Sheridan, WY 82801

Signature:

Name:

Title:

**<u>Exhibit C</u>**

**Warrant**

(Attached)

**WARRANT**

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR (II) AN APPLICABLE EXEMPTION FROM REGISTRATION UNDER THE ACT AND UNDER APPLICABLE STATE SECURITIES LAWS.

---

| | |
|:---|:---|
| Commencement Date: October 4, 2022 |  |
| Warrant Price: $1.00 | Number of Shares: 2,000,000 |

---

**THE SUSTAINABLE GREEN TEAM, LTD.** 

**WARRANT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Issuance of Warrant</u>. FOR VALUE RECEIVED, on and after the date of issuance of this Warrant (this "Warrant") of The Sustainable Green Team, Ltd. a Delaware corporation (including any successor entity, the "Company") and subject to the terms and conditions herein set forth, the undersigned or their permitted assignee ("Holder") is entitled to purchase from the Company, at a price per share equal to the Warrant Price (set forth above and subject to adjustment as described below), the Number of Shares of Common Stock (as defined below and subject to adjustment as described below) upon exercise of this Warrant pursuant to Section 7. This Warrant is entered into in connection with the Corporate Communication Services Agreement between the Company and the Holder dated as of the Commencement Date (the "Services Agreement") and is subject to the terms and conditions thereof. The Company and the Holder may be referred to herein individually as a "Party" and collectively as the "Parties".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Definitions</u>. As used in this Warrant, the following terms have the definitions ascribed to them below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Acceleration
 Event" means (i) the closing of the sale, transfer or other disposition of all or substantially
 all of the Company's assets or equity securities, (ii) the consummation of the merger
 or consolidation of the Company with or into another entity (except a merger or consolidation
 in which the holders of equity securities of the Company immediately prior to such merger
 or consolidation continue to hold directly at least 50% of the voting power of the equity
 securities of the Company or the surviving entity), (iii) the closing of the transfer (whether
 by merger, consolidation or otherwise), in one transaction or a series of related transactions,
 to a person or group of affiliated persons (other than an underwriter of the Company's
 securities), of the Company's voting securities if, after such closing, such person
 or group of affiliated persons would hold, directly or indirectly, 50% or more of the outstanding
 voting securities of the Company in a transaction structured as a business combination (or
 the surviving or acquiring entity), or (iv) a liquidation, dissolution or winding up of the
 Company; provided, however, that a transaction shall not constitute an Acceleration Event
 if its primary purpose is to change the state of the Company's incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Affiliate"
 means, with respect to a specified Person, any other Person that directly or indirectly Controls,
 is Controlled by or is under common Control with, the specified Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "Business
 Day" means any day other than a Saturday, Sunday or other day on which the national
 or state banks located in the State of Delaware are authorized to be closed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "Commencement
 Date" means the date first set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "Common
 Stock" means common stock, par value $0.0001 per share, of the Company, as the same
 may be further amended or modified (or any successor security pursuant to Section 3 hereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "Control"
 means (a) the possession, directly or indirectly, of the power to vote 10% or more of the
 securities or other equity interests of a Person having ordinary voting power, (b) the possession,
 directly or indirectly, of the power to direct or cause the direction of the management and
 policies of a Person, by contractor otherwise, or (c) being a director, officer, executor,
 trustee or fiduciary (or their equivalents) of a Person or a Person that controls such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "Exercise
 Period" means the period commencing on the Commencement Date and ending at 5:00 p.m.
 Eastern Time on the date that is ninety (90) days after the Commencement Date, (the "Termination
 Date"); provided, however, the Exercise Period shall end and this Warrant shall no
 longer be exercisable and shall become null and void immediately prior to the consummation
 of an Acceleration Event, and provided that, to the extent practicable, the Company shall
 provide to Holder at least three Business Days' notice of the expected occurrence of
 an Acceleration Event, such that the Holder has an opportunity to exercise this Warrant prior
 to such Acceleration Event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "Securities
 Act" means the Securities Act of 1933, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "Shares"
 means individual shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Adjustments and Notices</u>. The Warrant Price shall be subject to adjustment from time to time in accordance with this Section 3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Subdivisions, Equity Dividends or Combinations</u>. In case the Company shall at any time subdivide the
 outstanding shares of Common Stock or shall issue shares of Common Stock as an equity dividend,
 the Warrant Price in effect prior to such subdivision or the issuance of such dividend shall
 be proportionately decreased, and in case the Company shall at any time combine the outstanding
 shares of Common Stock, the Warrant Price in effect immediately prior to such combination
 shall be proportionately increased, in each case effective at the close of business on the
 date of such subdivision, dividend or combination, as the case may be and in each case without
 any adjustments to the number of Warrant Shares for which this Warrant is exercisable. The
 provisions of this Section 3(a) shall similarly apply to successive subdivisions, equity
 dividends or combinations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Reclassification, Exchange, Substitution, In-Kind Distribution</u>. Upon any reclassifications, exchange, substitution
 or other event that results in a change of the number, series, class and/or type of the securities
 issuable upon exercise or conversion of this Warrant or upon the payment of a dividend in
 securities or property other than shares of Common Stock, the Holder shall be entitled to
 receive, upon exercise of this Warrant, the number and kind of securities and property that
 Holder would have received if this Warrant had been exercised or converted immediately before
 the record date for such reclassification, exchange, substitution, or other event or immediately
 prior to the record date for such dividend. The Company or its successor shall promptly issue
 to Holder a new warrant for such new securities or other property. The new warrant shall
 provide for adjustments which shall be as nearly equivalent as may be practicable to the
 adjustments provided for in this Section 3 including, without limitation, adjustments to
 the Warrant Price and to the number of securities or property issuable upon exercise or conversion
 of the new warrant. The provisions of this Section 3(b) shall similarly apply to successive
 reclassifications, exchanges, substitutions, or other events and successive dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Certificate of Adjustment</u>. In each case of an adjustment or readjustment of the Warrant Price, the
 Company, at its own expense, shall cause its Chief Financial Officer (or comparable officer)
 to compute such adjustment or readjustment in accordance with the provisions hereof and prepare
 a certificate showing such adjustment or readjustment, and shall mail such certificate, by
 first class mail, postage prepaid, to the Holder. The certificate shall set forth such adjustment
 or readjustment, showing in detail the facts upon which such adjustment or readjustment is
 based. No adjustment of the Warrant Price shall be required to be made unless it would result
 in an increase or decrease of at least one cent, but any adjustments not made because of
 this sentence shall be carried forward and taken into account in any subsequent adjustment
 otherwise required hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>No Impairment</u>. The Company shall not, by amendment of its organizational documents or through
 a reorganization, transfer of assets, consolidation, merger, dissolution, issue, or sale
 of securities or any other voluntary action, avoid or seek to avoid the observance or performance
 of any of the terms to be observed or performed under this Warrant by the Company, but shall
 at all times in good faith assist in carrying out all of the provisions of this Section 3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Fractional shares</u>. No fractional shares shall be issuable upon exercise or conversion of the Warrant.
 If a fractional share interest arises upon any exercise or conversion of the Warrant, the
 Company shall eliminate such fractional share interest by paying the Holder an amount in
 cash computed by multiplying the fractional interest by the fair market value of a share
 of Common Stock as determined by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Notification of Certain Events</u>. Prior to the expiration of this Warrant, the Company shall notify the Holder in the event that the Company undertakes any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 issuance of any dividend or other distribution on the equity securities of the Company, whether
 in cash, property, equity or other securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 voluntary liquidation, dissolution or winding up of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 transaction resulting in the acceleration or expiration of this Warrant; or;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 transactions referenced in Sections 3(a), 3(b) or 3(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>No Stockholder Rights; No Settlement in Cash</u>. This Warrant, by itself, as distinguished from any Shares issued hereunder, shall not entitle its Holder to any of the rights of a stockholder of the Company. In no event shall the Company be required to net cash settle an exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Reservation of Equity</u>. From and after the Commencement Date, the Company will reserve from its authorized and unissued Common Stock a sufficient number of Shares to provide for the issuance of Common Stock upon the exercise of this Warrant for Common Stock. Issuance of this Warrant shall constitute full authority to the Company's officers who are charged with the duty of executing equity certificates to execute and issue the necessary certificates for Shares issuable upon the exercise or conversion of this Warrant for Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Exercise of Warrant</u>. Subject to the limitations herein, the Holder may exercise this Warrant or any portion hereof by surrendering this Warrant, together with a completed Notice of Exercise as attached hereto as Attachment 1, executed and delivered to the principal office of the Company, specifying the portion of the Warrant to be exercised and accompanied by payment in full of the Warrant Price in cash or by check with respect to the shares of Warrant Securities being purchased. Without limiting anything in the last sentence of Section 2(g), this Warrant shall be deemed to have been exercised as of immediately prior to the close of business on the date of its surrender for exercise as provided above, and the person entitled to receive the shares of Warrant Securities issuable upon such exercise shall be treated for all purposes as the holder of such shares of record as of the close of business on such date. As promptly as practicable after such date, the Company shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for the number of full shares of Warrant Securities issuable upon such exercise. If this Warrant shall be exercised for less than the total number of shares of Warrant Securities then issuable upon exercise, promptly after surrender of this Warrant upon such exercise, the Company shall execute and deliver a new warrant, dated as of the Commencement Date, evidencing the right of the Holder to the balance of the Warrant Securities purchasable hereunder upon the same terms and conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Holder's Exercise Limitations</u>. The Company shall not effect any exercise of this Warrant, and the Holder shall not have the right to exercise any portion of this Warrant, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Person acting as a group together with the Holder or any of the Holder's Affiliates (such Persons, "Attribution Parties")), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other any securities of the Company which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 8, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 8 applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 8, in determining the number of outstanding shares of Common Stock, Holder may rely on the number of outstanding shares of Common Stock as reflected a recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within two Business Days confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported. The "Beneficial Ownership Limitation" shall be 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 8. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this Section 8 shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 8 to correct this Section 8 (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this Section 8 shall apply to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Transfer of Warrant</u>. The Company may not assign or delegate this Warrant or any rights or obligations hereunder without the prior written consent of the Holder. Neither this Warrant nor any of the Shares issuable upon the exercise of all or any portion of this Warrant may be transferred except in accordance with, and subject to, the provisions of this Warrant. The Holder acknowledges that this Warrant and the securities issuable upon exercise of the Warrant have not been registered under the Securities Act, or applicable state securities laws and may not be transferred or otherwise disposed of unless it has been registered under that Act and is in compliance with applicable state securities laws or an exemption from registration is available. Any securities issuable upon conversion of the Warrant shall be imprinted with an appropriate legend relating to the transfer restrictions applicable to such securities. As a condition to any transfer, the Holder shall provide, at the Company's request, an opinion of counsel satisfactory to the Company that such transfer does not require registration under the Securities Act, and the securities law applicable with respect to any other applicable jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10. <u>Termination</u>. This Warrant shall terminate on the Termination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Loss, Etc. of Warrant. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant, and of indemnity reasonably satisfactory to the Company, if lost, stolen or destroyed, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver to Holder a new Warrant of like date, tenor and denomination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Transfer of Warrant; Legend</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>No Transfer or Assignment</u>. Neither this Warrant not any right, title or interest herein
 may be assigned or transferred by the Holder to any other person or entity without the prior
 written approval of the Company, to be given or withheld in the sole discretion of the Company,
 and any such attempted transfer in violation of such limitation shall be null and void and
 of no force or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Legends</u>.
 Any legend required by the securities laws of any state to the extent such laws are applicable
 to the Warrant Shares represented by the certificate so legended shall be included on any
 certificates representing the Warrant Shares. Holder also understands that the Warrant Shares
 may bear the following or a substantially similar legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE NOT SET FORTH HEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which, in the case of the Warrant, shall not include the posting of any bond), and upon
 surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company
 will make and deliver a new Warrant or stock certificate of like tenor and dated as of such
 cancellation, in lieu of such Warrant or stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Entire Agreement</u>. This Warrant and the Services Agreement and the other documents set forth
 therein set forth the entire understanding of the Parties with respect to the subject matter
 hereof, and shall not be modified or affected by any offer, proposal, statement or representation,
 oral or written, made by or for any Party in connection with the negotiation of the terms
 hereof, and may be modified only by an instrument signed by the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Business Days</u>. If the last or appointed day for the taking of any action or the expiration of
 any right required or granted herein shall not be a Business Day, then such action may be
 taken or such right may be exercised on the next succeeding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notices</u>.
 All notices under this Warrant shall be in writing and shall be given in accordance with
 the provisions of the Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Governing Law; Etc.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This
 Warrant shall be governed by the laws of the State of Florida, as such laws are applied to
 contracts to be entered into and performed entirely in Florida. In the event of any dispute
 among the Holder and the Company arising out of the terms of this Warrant, the Parties hereby
 consent to the exclusive jurisdiction and venue of the federal and state courts located in
 Orange County, Florida (the "Selected Courts") for resolution of such dispute,
 and agree not to contest such exclusive jurisdiction and venue or seek to transfer any action
 relating to such dispute to any other jurisdiction or venue. Each of the Parties hereby irrevocably
 waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise,
 in any action or proceeding with respect to this Warrant, (a) any claim that it is not personally
 subject to the jurisdiction of the Selected Courts other than the failure to serve in accordance
 with the provisions of this Warrant; (b) any claim that it or its property is exempt or immune
 from jurisdiction of any Selected Court or from any legal process commenced in the Selected
 Courts (whether through service of notice, attachment prior to judgment, attachment in aid
 of execution of judgment, execution of judgment or otherwise); and (c) to the fullest extent
 permitted by law, any claim that (i) the suit, action or proceeding in such court is brought
 in an inconvenient forum; (ii) the venue of such suit, action or proceeding is improper;
 or (iii) this Warrant, or the subject matter of this Warrant, may not be enforced in or by
 the Selected Courts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) EACH
 PARTY TO THIS WARRANT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
 PERMITTED BY LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT,
 ACTION OR OTHER PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER, RELATING TO OR IN
 CONNECTION WITH THIS WARRANT, OR THE TRANSACTIONS CONTEMPLATED BY THIS WARRANT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Holder hereby expressly acknowledges that the agreements and restrictions contained herein
 are reasonable and necessary to protect the Company's legitimate interests, that the
 Company would not have entered into this Warrant in the absence of such agreements and restrictions,
 and that any violation of such restrictions will result in irreparable harm to the Company.
 The Holder agrees that the Company shall be entitled to preliminary and permanent injunctive
 relief, without the necessity of proving actual damages, and specific performance of, as
 well as an equitable accounting of all earnings, profits and other benefits arising from
 any violation of, the agreements and restrictions contained herein, which rights shall be
 cumulative and in addition to any other rights or remedies to which the Company may be entitled.
 The Holder irrevocably and unconditionally (i) agrees that any legal proceeding arising out
 of this Warrant may be brought in the Selected Courts, (ii) consents to the non-exclusive
 jurisdiction of the Selected Courts in any such proceeding, and (iii) waives any objection
 to the laying of venue of any such proceeding in any Selected Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Attorneys' Fees</u>. If any Party hereto is required to engage in litigation against any other Party,
 either as plaintiff or as defendant, in order to enforce or defend any rights under this
 Warrant, and such litigation results in a final judgment in favor of such Party ("Prevailing
 Party"), then the party or parties against whom said final judgment is obtained shall
 reimburse the Prevailing Party for all direct, indirect or incidental expenses incurred,
 including, but not limited to, all attorneys' fees, court costs and other expenses
 incurred throughout all negotiations, trials or appeals undertaken in order to enforce the
 Prevailing Party's rights hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Headings.</u> The headings in this Warrant are for purposes of convenience and reference only and shall
 not be deemed to constitute a part hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Amendment</u>.
 Neither this Warrant nor any term hereof may be changed or waived orally, but only by an
 instrument in writing signed by the Company and the Holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>No Waiver</u>. No waiver of any provision of this Warrant shall be effective unless it is in
 writing and signed by the Party against whom it is asserted, and any such written waiver
 shall only be applicable to the specific instance to which it relates and shall not be deemed
 to be a continuing or future waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Headings</u>.
 The article and section headings contained in this Warrant are inserted for convenience only
 and shall not affect in any way the meaning or interpretation of the Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Severability; Expenses; Further Assurances</u>. If any term, condition or other provision of this Warrant
 is determined by a court of competent jurisdiction to be invalid, illegal or incapable of
 being enforced by any rule of law or public policy, all other terms, conditions and provisions
 of this Warrant shall nevertheless remain in full force and effect so long as the economic
 or legal substance of the transactions contemplated by this Warrant is not affected in any
 manner materially adverse to any Party. Upon such determination that any term or other provision
 is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith
 to modify this Warrant so as to effect the original intent of the Parties as closely as possible
 in a mutually acceptable manner in order that the transactions contemplated by this Warrant
 be consummated as originally contemplated to the fullest extent possible. Except as otherwise
 specifically provided in this Warrant, each Party shall be responsible for the expenses it
 may incur in connection with the negotiation, preparation, execution, delivery, performance
 and enforcement of this Warrant. The Parties shall from time to time do and perform any additional
 acts and execute and deliver any additional documents and instruments that may be required
 by Law or reasonably requested by any Party to establish, maintain or protect its rights
 and remedies under, or to effect the intents and purposes of, this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in any number
 of counterparts, each of which shall be deemed an original. The signature of any Party which
 is transmitted by any reliable electronic means such as, but not limited to, a photocopy,
 electronically scanned or facsimile machine, for purposes hereof, is to be considered as
 an original signature, and the document transmitted is to be considered to have the same
 binding effect as an original signature or an original document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Currency</u>.
 All dollar amounts are in U.S. dollars.

*[SIGNATURE PAGE FOLLOWS]*

 

 

IN WITNESS HEREOF, the Parties have caused this Warrant to be executed as of the Commencement Date.

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| | |
|:---|:---|
| The Sustainable Green Team, Ltd. | The Sustainable Green Team, Ltd. |
| By: | */s/ Anthony Raynor* |
| Name: | Anthony Raynor |
| Title: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| Acknowledged and Agreed To: | Acknowledged and Agreed To: |
| HOLDER: ACCEL Media International LLC | HOLDER: ACCEL Media International LLC |
| By: | */s/ Vince Caruso* |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

**ATTACHMENT 1**

**NOTICE OF EXERCISE**

TO: THE SUSTAINABLE GREEN TEAM, LTD.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The undersigned hereby elects to purchase <u>____</u>Warrant Shares of the Company pursuant to the terms of the attached Warrant, and tenders herewith payment of the purchase price in full, together with all applicable transfer taxes, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Please issue a certificate or certificates representing said shares of Warrant Securities in the name of the undersigned or in such other name as is specified below:

Name: ACCEL Media International LLC <br> Address: 201 East 5<sup>th</sup> Street, Suite 1200 <br> Sheridan, WY 82801

---

| | |
|:---|:---|
| AGREED AND AUTHORIZED BY: | AGREED AND AUTHORIZED BY: |
| ACCEL Media International LLC | ACCEL Media International LLC |
| By: |  |
| Name: | Vince Caruso |
| Title: | Managing Member |

---

## Exhibit 21.1

**EXHIBIT 21.1**

**List of Subsidiaries of**

**The Sustainable Green Team, Ltd.**

---

| | |
|:---|:---|
| Entity Name | Place of Organization |
| National Storm Recovery, LLC\* | Delaware |
| Mulch Manufacturing, Inc.\* | Ohio |
| Sierra Gold Merger Corp.\* | Delaware |

---

\*100% owned subsidiary of The Sustainable Green Team, Ltd.