Document:

Exhibit 10.20

  

   

  

  
    

    

    Stealth Technologies, Inc.

    Board of Directors Services Agreement

     

    This Board of Directors Services Agreement (the “Agreement”), dated August 1, 2019, is entered into between Stealth Technologies, Inc., a Nevada corporation (“the Company), and Timothy Cabrera, an individual with a principal place of residence in Clearwater, FL (“Director”).

     

    

    WHEREAS, the Company desires to
      retain the services of Director for the benefit of the Company and its stockholders; and

     

    

    WHEREAS, Director desires to serve
      on the Company’s Board of Directors for the period of time and subject to the terms and conditions set forth herein;

     

    

    NOW, THEREFORE, for consideration
      and as set forth herein, the parties hereto agree as follows:

     

    

    1. Board Duties.  Director agrees
      to provide services to the Company as a member of the Board of Directors. Director shall, for so long as he remains a member of the Board of Directors, but in any case, not less than one year from the date hereof, meet with the Company upon written
      request, at dates and times mutually agreeable to Director and the Company, to discuss any matter involving the Company or its Subsidiaries, which involves or may involve issues of which Director has knowledge and cooperate in the review, defense or
      prosecution of such matters. Director acknowledges and agrees that the Company may rely upon Director’s expertise in product development, marketing or other business disciplines where Director has a deep understanding with respect to the Company’s
      business operations and that such requests may require substantial additional time and efforts in addition to Director’s customary service as a member of the Board of Directors. Director will notify the Company promptly if he is subpoenaed or
      otherwise served with legal process in any matter involving the Company or its subsidiaries. Director will notify the Company if any attorney who is not representing the Company contacts or attempts to contact Director (other than Director’s own
      legal counsel) to obtain information that in any way relates to the Company or its Subsidiaries, and Director will not discuss any of these matters with any such attorney without first so notifying the Company and providing the Company with an
      opportunity to have its attorney present during any meeting or conversation with any such attorney.

     

    

    2. Compensation.   As compensation
      for the services provided herein, the Company shall issue the director Two Million (2,000,000) shares of its common stock for each year the Director serves on the Board. The shares issued shall be deemed fully vested upon issuance. The Director shall
      begin receiving compensation for services rendered under this Agreement beginning on August 1, 2019.

     

    

    3. Benefits and Expenses.   The
      Company shall reimburse Director for reasonable out-of-pocket expenses incurred in connection with discharging his duties as a Board member. Any additional expenses shall be pre-approved by the President or CFO of the Company and will be reimbursed
      subject to receiving reasonable substantiating documentation relating to such expenses. 

     

    

    4. Mutual Non-Disparagement.  Director
      and the Company mutually agree to forbear from making, causing to be made, publishing, ratifying or endorsing any and all disparaging remarks, derogatory statements or comments made to any party with respect to either of them. Further, the parties
      hereto agree to forbear from making any public or non-confidential statement with respect to the any claim or complain against either party without the mutual consent of each of them, to be given in advance of any such statement.

     

    

    5. Anti-Dilution.  The Company
      agrees to not issue equity capital for consideration less than fair market value, or otherwise issue equity capital that would have the effect of diluting Director’s ownership position in the Company in a manner that is not implemented pro-rata with
      respect all stockholders. Issuance of stock options or other equity grants to employees or consultants, shares issued in connection with acquisitions approved by the Board of Directors, and shares issued for consideration at fair market value shall
      not be considered dilutive.

     

    

     

    

     

    

    
      - 1 -

      
        

    

     

    

     

    

    6. Cooperation.  In the event of
      any claim or litigation against the Company and/or Director based upon any alleged conduct, acts or omissions of Director during the tenure of Director as an officer of the Company, whether known or unknown, threatened or not as of the time of this
      writing, the Company will cooperate with Director and provide to Director such information and documents as are necessary and reasonably requested by Director or his counsel, subject to restrictions imposed by federal or state securities laws or
      court order or injunction. The Company shall cooperate in all respects to ensure that Director has access all available insurance coverage and shall do nothing to damage Director’s status as an insured and shall provide all necessary information for
      Director to make or tender any claim under applicable coverage.

     

      

    7. Board of Directors Status of Director.  Director’s membership on the Company's Board of Directors shall not be
        disturbed for at least the greater of any period of time: (a) specified in any other agreement or contract defining Director’s role as a member of the Board of Directors, (b) a period of one year from the date hereof.. Membership on the Board shall
        require adherence to board member conduct policies adopted by the board and enforced equally upon all directors.

     

    

    Director may voluntarily resign his position on the Board of Directors at any time and without penalty or liability of any kind.

     

    

    8. Confidentiality.  Subject to
      exceptions mutually agreed upon by the parties to this Agreement in advance and in writing, the terms and conditions of this Agreement shall remain confidential and protected from disclosure except as required by law in connection with any
      registration or filing, in relation to a lawful subpoena, or as may be necessary for purposes of disclosure to accountants, financial advisors or other experts, who shall be made aware of and agree to be bound by the confidentiality provisions
      hereof.

     

    

    9. Governing Law.  This Agreement
      shall be governed by the law of the State of Nevada. In the event of any dispute regarding the performance or terms hereof, the prevailing party in any litigation shall be entitled to an award of reasonable attorneys’ fees and costs of suit, together
      with any other relief awarded hereunder or in accordance with governing law.

     

      

    In witness whereof, the parties
      hereto enter into this Agreement as of the date first set forth above.

     

    	 	 	 
	
            STEALTH TECHNOLOGIES, INC.:

          	
              

          	
            DIRECTOR:

          
	 	 	 
	 	
              

          	 
	
            Name: Brian McFadden

          	
              

          	
            Timothy Cabrera

          
	
            Title: President

          	
              

          	 

    

    

    

    

    

    

    
      - 2 -

      
        

    

     

    

  

  - 3 -EXHIBIT 10.21

    

    Stealth Technologies, Inc.

    Board of Directors Services Agreement

     

    This Board of Directors Services Agreement (the “Agreement”), dated August 1, 2019, is entered into between Stealth Technologies, Inc., a Nevada corporation (“the Company), and Brian McFadden, an individual with a principal place of residence in Clearwater, FL (“Director”).

     

    

    WHEREAS, the Company desires to
      retain the services of Director for the benefit of the Company and its stockholders; and

     

    

    WHEREAS, Director desires to serve
      on the Company’s Board of Directors for the period of time and subject to the terms and conditions set forth herein;

     

    

    NOW, THEREFORE, for consideration
      and as set forth herein, the parties hereto agree as follows:

     

    

    1. Board Duties.  Director agrees
      to provide services to the Company as a member of the Board of Directors. Director shall, for so long as he remains a member of the Board of Directors, but in any case, not less than one year from the date hereof, meet with the Company upon written
      request, at dates and times mutually agreeable to Director and the Company, to discuss any matter involving the Company or its Subsidiaries, which involves or may involve issues of which Director has knowledge and cooperate in the review, defense or
      prosecution of such matters. Director acknowledges and agrees that the Company may rely upon Director’s expertise in product development, marketing or other business disciplines where Director has a deep understanding with respect to the Company’s
      business operations and that such requests may require substantial additional time and efforts in addition to Director’s customary service as a member of the Board of Directors. Director will notify the Company promptly if he is subpoenaed or
      otherwise served with legal process in any matter involving the Company or its subsidiaries. Director will notify the Company if any attorney who is not representing the Company contacts or attempts to contact Director (other than Director’s own
      legal counsel) to obtain information that in any way relates to the Company or its Subsidiaries, and Director will not discuss any of these matters with any such attorney without first so notifying the Company and providing the Company with an
      opportunity to have its attorney present during any meeting or conversation with any such attorney.

    

    

    2. Compensation.   As compensation
      for the services provided herein, the Company shall issue the director Two Million (2,000,000) shares of its common stock for each year the Director serves on the Board. The shares issued shall be deemed fully vested upon issuance. The Director shall
      begin receiving compensation for services rendered under this Agreement beginning on August 1, 2019.

     

    

    3. Benefits and Expenses.   The
      Company shall reimburse Director for reasonable out-of-pocket expenses incurred in connection with discharging his duties as a Board member. Any additional expenses shall be pre-approved by the President or CFO of the Company and will be reimbursed
      subject to receiving reasonable substantiating documentation relating to such expenses. 

     

      

    4. Mutual Non-Disparagement.  Director
      and the Company mutually agree to forbear from making, causing to be made, publishing, ratifying or endorsing any and all disparaging remarks, derogatory statements or comments made to any party with respect to either of them. Further, the parties
      hereto agree to forbear from making any public or non-confidential statement with respect to the any claim or complain against either party without the mutual consent of each of them, to be given in advance of any such statement.

     

    

    5. Anti-Dilution.  The Company
      agrees to not issue equity capital for consideration less than fair market value, or otherwise issue equity capital that would have the effect of diluting Director’s ownership position in the Company in a manner that is not implemented pro-rata with
      respect all stockholders. Issuance of stock options or other equity grants to employees or consultants, shares issued in connection with acquisitions approved by the Board of Directors, and shares issued for consideration at fair market value shall
      not be considered dilutive.

     

    

    6. Cooperation.  In the event of
      any claim or litigation against the Company and/or Director based upon any alleged conduct, acts or omissions of Director during the tenure of Director as an officer of the Company, whether known or unknown, threatened or not as of the time of this
      writing, the Company will cooperate with Director and provide to Director such information and documents as are necessary and reasonably requested by Director or his counsel, subject to restrictions imposed by federal or state securities laws or
      court order or injunction. The Company shall cooperate in all respects to ensure that Director has access all available insurance coverage and shall do nothing to damage Director’s status as an insured and shall provide all necessary information for
      Director to make or tender any claim under applicable coverage.

     

    

     

    

     

    

     

    

    
      - 1 -

      
        

    

     

    

     

    

     

    

    7. Board of Directors Status of Director.  Director’s membership on the Company's Board of Directors shall not be
        disturbed for at least the greater of any period of time: (a) specified in any other agreement or contract defining Director’s role as a member of the Board of Directors, (b) a period of one year from the date hereof.. Membership on the Board shall
        require adherence to board member conduct policies adopted by the board and enforced equally upon all directors.

    Director may voluntarily resign his position on the Board of Directors at any time and without penalty or liability of any kind.

     

    

    8. Confidentiality.  Subject to
      exceptions mutually agreed upon by the parties to this Agreement in advance and in writing, the terms and conditions of this Agreement shall remain confidential and protected from disclosure except as required by law in connection with any
      registration or filing, in relation to a lawful subpoena, or as may be necessary for purposes of disclosure to accountants, financial advisors or other experts, who shall be made aware of and agree to be bound by the confidentiality provisions
      hereof.

     

    

    9. Governing Law.  This Agreement
      shall be governed by the law of the State of Nevada. In the event of any dispute regarding the performance or terms hereof, the prevailing party in any litigation shall be entitled to an award of reasonable attorneys’ fees and costs of suit, together
      with any other relief awarded hereunder or in accordance with governing law.

     

    

    In witness whereof, the parties
      hereto enter into this Agreement as of the date first set forth above.

     

    	 	 	 
	
            STEALTH TECHNOLOGIES, INC.:

          	
             

          	
            DIRECTOR:

          
	 	 	 
	 	 	 
	
            Name: Brian McFadden

          	 	
            Brian McFadden

          
	
            Title: President

          	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      - 2 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}]]