Document:

THE
SECURITIES REPRESENTED BY THIS DEBENTURE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") OR APPLICABLE
STATE SECURITIES LAWS (THE "STATE ACTS"), AND SHALL NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED
(WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER EXCEPT UPON THE ISSUANCE TO THE CORPORATION OF A FAVORABLE OPINION OF ITS COUNSEL
OR SUBMISSION TO THE CORPORATION OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL FOR THE CORPORATION, TO THE EFFECT THAT
ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE ACT AND THE STATE ACTS.

 

PETROSONIC
ENERGY, INC.

 

A Nevada
Corporation

 

UNSECURED
CONVERTIBLE DEBENTURE

 

June 21, 2012

 

Petrosonic Energy,
INC, a Nevada corporation (the "Corporation"), is indebted and, for value received, promises to pay to or to the order
of Jackson Bennett LLC together with any successor thereto and any other person who becomes a holder of this Debenture,
(“Holder”), on demand but no later than June 21, 2013 (the "Due Date"), upon presentation of this
Debenture, Forty Thousand United States Dollars (US$40,000.00) (the "Principal Amount"). Interest shall
accrue on the outstanding Principal Amount at the rate of ten percent (10%) per annum. Interest shall be calculated on the basis
of a year of three hundred sixty five (365) days applied to the actual days on which there exists an unpaid balance under this
Note.

 

The Corporation covenants,
promises and agrees as follows:

 

1.Covenants of
the Corporation

 

The Corporation hereby
covenants and agrees with Holder that so long as any of the Principal Amount or any interest remains unpaid:

 

1.1To pay indebtedness.
The Corporation will duly and punctually pay or cause to be paid to Holder all indebtedness due hereunder at the dates and places,
in the currencies and in the manner mentioned herein.

 

1.2To maintain
existence. The Corporation will at all times maintain its corporate existence.

 

1.3To carry
on its business. The Corporation will carry on its business in a proper and efficient manner, and will keep or cause to be
kept proper books of account and make or cause to be made therein true and faithful entries of all material dealings and transactions
in relation to its business and will make available or cause to be made available such books of account for inspection by Holder
and its representatives during normal business hours.

 

1.4To pay taxes.
The Corporation will pay or cause to be paid all taxes, rates, government fees and dues levied, assessed or imposed upon it and
upon its property or any part thereof, as and when the same become due and payable, save and except when and so long as the validity
of any such taxes, rates, fees, dues, levies, assessments or imposts is in good faith by proper legal proceedings contested by
it in which event it shall satisfy the Holder and if requested by the Holder furnish security satisfactory to the Holder that such
contestation will involve no forfeiture of any of its property and to duly observe and conform to all valid and material requirements
of any governmental authority relative to any of its property and all covenants, terms and conditions upon or under which such
property is held provided, however, that nothing herein contained shall require it to observe any such requirements so long as
it shall, in good faith, be contesting its obligation to observe such requirements.

 

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1.5Not to Amend
Articles or By-Laws. The Corporation shall not without the Holder's prior written consent, amend or restate its articles of
incorporation nor amend, repeal, replace or restate any of its by-laws or any unanimous shareholders agreement relating to it.

 

1.6To perform
obligations and to renew. The Corporation will from time to time punctually observe and perform all material obligations and
pay and discharge all amounts payable under or by virtue of, and defend, and ensure the enforceability of any exclusive rights
to, any patent, trademark, lease, license, concession, franchise or right held by it so long as the same is of commercial value
to it and during such time will not suffer or permit any default for which any of the same may be terminated so that its interest
therein may at all times be preserved as unimpaired; provided however that nothing herein contained shall require the Corporation
to make any such payments so long as it shall in good faith contest its liability therefor.

 

1.7Not to Sell
Assets, Issue Options, Mergers, Etc. The Corporation shall not:

 

(a)sell, lease
or otherwise transfer the undertaking, property and assets of any of its operating divisions or subsidiaries as an entirety or
substantially as an entirety in one or more transactions, or, sell, lease or otherwise dispose of its undertaking, property and
assets as an entirety in one or more transactions;

 

(b)issue any equity
securities of the type; or

 

(c)amalgamate or
merge with any other corporation or effect any corporate reorganization;

 

without the prior written
consent of the Holder.

 

1.8To repair.
The Corporation will, and will cause each of the Subsidiaries to, at all times, repair and keep in repair and good order and condition,
or cause to be so repaired and kept in repair and good order and condition, all buildings, erections, machinery, plant and equipment
used in or in connection with its business which are necessary for efficient operation up to a modern standard of usage, and renew
and replace or cause to be renewed and replaced all and any of the same which may become worn, dilapidated, unserviceable, inconvenient,
obsolete or destroyed, even by a fortuitous event, fire or other cause, and which are necessary for efficient operation, and, at
all reasonable times during normal business hours allow the Holder or its duly authorized agent access to its premises in order
to view the state and condition of the same.

 

1.9To insure.

 

(a)Property
Cover - The Corporation will, and will cause each of the Subsidiaries to, insure at its own expense the assets of the Corporation
or such Subsidiary at all times during the term hereof to an amount equal to the replacement value thereof with a company or companies
that are nationally known or are approved by the Holder, against loss or damage by fire, lightning, explosion, windstorm, aircraft
or vehicles or other insurable hazards which are now or may hereafter from time to time be insured against by the terms of a standard
fire extended coverage insurance or additional perils supplemental contract of insurance including, if applicable, boiler and pressure
vessel insurance against loss or damage to property of a class or kind similar to the property and assets of the Corporation. The
Corporation shall, and will cause each of the Subsidiaries to, also maintain such other insurance policies as the Holder shall
reasonably require in connection with the Corporation and its business including, without restriction, business interruption insurance
and liability insurance.

 

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(b)Renewal Receipt
- The Corporation shall, 15 days prior to the expiry of any insurance policy required hereby, deliver or cause to be delivered
to the Holder a renewal receipt, binder or new policy, or otherwise satisfy the Holder that such insurance has been renewed.

 

1.10Compliance
With Laws. The Corporation shall carry on its business in compliance with all applicable laws, regulations, by-laws and orders
including, without limitation, all laws relating to environment protection, the maintenance and disposal of hazardous materials
and wastes, land use and occupational safety and health. The Corporation shall give notice to the Holder of any notice received
by it or any Subsidiary of any violation of such laws, regulations, by-laws or orders of any impending or threatened investigations
or proceedings in connection therewith or of any proceedings commenced or threatened by any other person in connection with environmental,
health or safety matters.

 

1.11Not to Permit
Encumbrances. The Corporation shall not create or permit to exist any security interest, mortgage, charge, pledge, lien or
other encumbrance upon its assets.

 

1.12Not to Incur
Indebtedness for Borrowed Money; Non-Equity Securities. The Corporation shall not incur, guarantee or otherwise become liable
in respect of, any indebtedness for borrowed money or issue any class of shares or other securities, subsequent to the date hereof
without the prior written consent of the Holder.

 

1.13To Pay Expenses.
The Corporation shall pay all costs, charges and expenses (including legal fees and disbursements) of or incurred by the Holder
and Holder in connection with this Debenture, and any other security documents delivered after the date hereof to the Holder, and
all ancillary documents or the enforcement hereof and of such security.

 

1.14Reporting
Requirements. Corporation shall provide and deliver the following financial statements and other reports to the Holder:

 

(a)Balance Sheet
and Income Statement. Within 60 days after the last day of each fiscal quarter of Corporation, a copy of Corporation's consolidated
balance sheet and income statement prepared by Corporation as of the end of and for such quarter and certified by Corporation to
be true and correct and to have been prepared in accordance with generally accepted accounting principles that are consistent with
those previously applied in Corporation's most recent financial statement.

 

(b)Financial
Statements. Upon preparation, but in any event within 90 days after the last day of each fiscal year of the Corporation, the
financial statements of the Corporation as of the end of and for such fiscal year setting forth in comparative form the correspondence
figures of the financial statements showing the balance sheet, the income statement and the source and application of funds statement
as of the end of the preceding fiscal year, all in reasonable detail and certified by a firm of independent certified public accountants
acceptable to Holder.

 

(c)Additional
Information. Such further information as may reasonably be necessary or as Holder may reasonably request to determine whether
the Corporation is complying with its obligations under this Agreement, and the security documents, or to determine the financial
condition of the Corporation.

 

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1.15Holder Entitled
to Perform Covenants.  If the Corporation shall fail to perform any covenant on its part herein contained, the Holder
may, in its discretion, perform any such covenant capable of being performed by it and, if any such covenant requires the payment
or expenditure of money, the Holder may make payments or expenditures with its own funds, or with money borrowed by or advanced
to it for such purposes, but shall be under no obligation so to do; and all sums so expended or advanced shall be at once payable
by the Corporation on demand and shall bear interest at the annual rate of fifteen percent (15%) until paid, and shall be payable
out of any funds coming into the possession of the Holder in priority to the other indebtedness hereunder, but no such performance
or payment shall be deemed to relieve the Corporation from any default hereunder nor shall the right of the Holder under this subsection
impose any obligation upon the Holder to perform any covenant of the Corporation.

 

2.Conversion

 

2.1Conversion
at the Demand of the Holder. Upon and subject to the conditions contained herein, the Holder shall have the right at any time
up to and including June 21, 2013, and whether or not a Default Event has occurred, to convert all or a portion of the Principal
Amount into fully paid and non-assessable common shares of the Corporation (“Shares”) at a conversion rate equal to
the price of any aggregate financing exceeding Five Hundred Thousand US Dollars less a discount of 25% per share.

 

2.2Registration
and Legends. This Note and the shares issuable upon conversion of this Note have not been registered under the Act. Upon conversion,
in whole or in part, of this Note, the certificates representing the shares shall bear the following legend:

 

THIS SECURITY
HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”) OR THE SECURITIES LAWS OF
ANY STATE AND MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED AND QUALIFIED PURSUANT TO THE APPLICABLE PROVISIONS OF FEDERAL AND STATE
SECURITIES LAWS OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION APPLIES. THEREFORE, NO SALE OR TRANSFER OF THIS
SECURITY SHALL BE MADE, NO ATTEMPTED SALE OR TRANSFER SHALL BE VALID, AND THE ISSUER SHALL NOT BE REQUIRED TO GIVE ANY EFFECT TO
ANY SUCH TRANSACTION UNLESS (A) SUCH TRANSACTION HAS BEEN DULY REGISTERED UNDER THE ACT AND QUALIFIED OR APPROVED UNDER APPROPRIATE
STATE SECURITIES LAWS, OR (B) THE ISSUER HAS FIRST RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH REGISTRATION, QUALIFICATION
OR APPROVAL IS NOT REQUIRED.

 

The Corporation undertakes
to piggyback this Note and any shares issued upon conversion of this Note into any Registration Statement it files during the term
of this Debenture.

 

2.3Procedure
for Conversion. If the Holder desires to convert all or part of this Debenture into Shares, the Holder shall deliver a written
notice to the Corporation exercising the right to convert together with this Debenture. Upon deliver of such notice and Debenture,
the Holder shall be deemed, for all purposes, to be the holder of record of such number of fully paid and non-assessable Shares
in which this Debenture may be converted pursuant to such notice provided. The Holder shall be entitled to delivery by the Corporation
of a certificate or certificates representing such Shares promptly after the exercise of such right of conversion. The Corporation
shall also deliver to the Holder a duly endorsed Debenture to reflect partial payment if the conversion related to part of the
Principal Amount.

 

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2.4Reservation
of Shares. So long as this Debenture is outstanding, the Corporation shall reserve and conditionally allot against the conversion
rights conferred to the Holder by this Debenture, a sufficient number of common shares of the Corporation to enable this Debenture
to be converted at the rate provided herein.

 

2.5Anti-Dilution
Provision. The number of shares to be issued to the Holder hereunder will be adjusted proportionally in the event that the
Corporation (i) subdivides or re-divides the outstanding and issued common shares into a greater number of shares, or (ii) issue
shares or securities convertible into share to the holders of all or substantially all of the outstanding and issued shares by
way of a stock dividend. It is specifically agreed that in the event that the Corporation consolidates the outstanding and issued
common shares into a smaller number of shares, the conversion rate (as described in Section 2.1) in effect at such time shall not
be changed.

 

3.Default

 

3.1Default Events.
The entire unpaid and unredeemed balance of the Principal Amount and Default Interest accrued and unpaid on this Debenture shall,
at the election of the Holder, be and become immediately due and payable, and any and all other security documents held by the
Holder shall become immediately enforceable, upon the occurrence of any of the following events (a "Default Event"):

 

(a)the non-payment
by the Corporation when due of principal and interest or of any other payment as provided in this Debenture or with respect to
any other indebtedness owed by the Corporation;

 

(b)default by the
Corporation in the performance of or compliance with any term in any of Sections 1, or any provision of the Debenture Purchase
Agreement;

 

(c)default by the
Corporation in the performance of or compliance with any other term or provision of this Debenture, where such default is not remedied
within thirty (30) days after the Holder gives the Corporation written notice thereof; or

 

(d)the Corporation
(i) applies for or consents to the appointment of, or if there shall be a taking of possession by, a receiver, custodian, trustee
or liquidator for the Corporation or any of its property; (ii) becomes generally unable to pay its debts as they become due; (iii)
makes a general assignment for the benefit of creditors or becomes insolvent; (iv) files or is served with any petition for relief
under the Bankruptcy Code or any similar federal or state statute; (v) has any judgment entered against it in excess of $100,000
in any one instance or in the aggregate during any consecutive 12 month period or has any attachment or levy made to or against
any of its property or assets; (vi) defaults with respect to any evidence of indebtedness or liability for borrowed money, or any
such indebtedness shall not be paid as and when due and payable; or (vii) has assessed or imposed against it, or if there shall
exist, any general or specific lien for any federal, state or local taxes or charges against any of its property or assets.

 

3.2Payment of
Prior Ranking Indebtedness. Upon the occurrence of a Default Event, in addition to (and not in substitution for, exclusive
of nor dependent on) any other remedies contained herein, or in any existing or future security document granted by the Corporation
to the Holder, and to all other remedies existing at law or in equity or by statute, the Holder, shall be permitted to make payments
to parties having prior charges or encumbrances on properties owned by the Company or on properties on which the Company may hold
charges or encumbrances, and the full amount of such payments shall be due and payable upon demand by the Holder, and shall be
added to and shall form part of the Principal Amount of this Debenture, on which interest shall accrue and be payable as hereinbefore
provided, and in respect of which the Security shall secure the due and prompt repayment thereof.

 

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3.3Remedies
Cumulative. Each right, power or remedy of the Holder, on behalf of Holder, upon the occurrence of any Default Event as provided
for in this Debenture or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall
be in addition to every other right, power or remedy provided for in this Debenture or now or hereafter existing at law or in equity
or by statute, and the exercise or beginning of the exercise by the holder or transferee hereof of any one or more of such rights,
powers or remedies shall not preclude the simultaneous or later exercise by the Holder, on behalf of Holder, of any or all such
other rights, powers or remedies.

 

4.General

 

4.1Failure to
Act and Waiver. No failure or delay by Holder to insist upon the strict performance of any term of this Debenture or to exercise
any right, power or remedy consequent upon a default hereunder shall constitute a waiver of any such term or of any such breach,
or preclude the Holder from exercising any such right, power or remedy at any later time or times. By accepting payment after the
due date of any amount payable under this Debenture, the Holder shall not be deemed to waive the right either to require payment
when due of all other amounts payable under this Debenture, or to declare a default for failure to effect such payment of any such
other amount. The failure of the Holder to give notice of any failure or breach of the Corporation under this Debenture shall not
constitute a waiver of any right or remedy in respect of such continuing failure or breach or any subsequent failure or breach.

 

4.2Consent to
Jurisdiction. The Corporation hereby agrees and consents that any action, suit or proceeding arising out of this Debenture
may be brought in any appropriate court in the State of Nevada, including the United States District Court for the District of
Nevada, or in any other court having jurisdiction over the subject matter, all at the sole election of the Holder, and by the issuance
and execution of this Debenture the Corporation irrevocably consents to the jurisdiction of each such court.

 

4.3Transfer.
This Debenture may only be transferred in accordance with the provisions of Section 7.4 of the Debenture Purchase Agreement and
the requirements set out in the legend on the first page hereof.

 

4.4Notices.
All notices 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 telex or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day; (iii) five (5) days after having been sent by registered or certified mail, return receipt
requested, postage prepaid; or (iv) one (1) business day after deposit with a nationally recognized overnight courier, special
next day delivery, with verification of receipt. All communications shall be sent:

 

to the Corporation
at:

 

Petrosonic Energy, INC.

57 Valley Woods Way
NW

Calgary, AB, T3B 6A5

Canada

 

to the Holder:

 

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	jacksonbennett@corptrax.com
	 
	 

 

or at such other address
as the Company or the Holder may designate by ten (10) days advance written notice to the other parties hereto.

 

4.5Governing
Law. This Debenture shall be governed by and construed and enforced in accordance with the laws of the State of Nevada without
regard to conflicts of law principles, or, where applicable, the laws of the United States.

 

4.6(a)  
Investment Intent: Authority. The Holder is acquiring the Debenture and any Shares issuable upon conversion of the Debenture
for investment for the Holder’s own account, and not as nominee or agent for investment and not with a view to or for resale
in connection with any distribution or public offering thereof within the meaning of the Securities Act. The Holder has the
full right, power, authority and capacity to enter into and perform under this Debenture and this Debenture will constitute
a valid and binding obligation upon the Holder.

 

(b)  
Registration of Debenture and Shares. The Holder understands and acknowledges that resale
of the Shares may be restricted indefinitely unless they are subsequently registered under the Securities Act and qualified under
state law or an exemption from such registration and such qualification is available.

 

(c)   
No Transfer. The Holder will not dispose of the Shares, other than in conjunction with an
effective registration statement or applicable exemption from registration under the Securities Act and other than in compliance
with the applicable state securities laws provided (a) it shall have notified the Corporation of the proposed disposition
and shall have furnished the Corporation with a statement of the circumstances surrounding the proposed disposition, and (b) if
requested by the Corporation, it shall have furnished the Corporation with an opinion of counsel satisfactory in form and substance
to the Corporation and the Corporation's counsel to the effect that (x) such disposition will not require registration under
the Securities Act and (y) appropriate action necessary for compliance with the Securities Act and any applicable state, local,
or foreign law has been taken. 

 

(d)  
Accredited Investor. The Holder represents and warrants to, and covenants with, the Corporation
that: (i) the Holder is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act
and the Holder is also knowledgeable, sophisticated and experienced in making, and is qualified to make decisions with respect
to investments in securities presenting an investment decision like that involved in the purchase of the Debenture, including investments
in securities issued by the Corporation and investments in comparable companies, and has requested, received, reviewed
and considered all information it deemed relevant in making an informed decision to purchase the Debenture; (ii) the Holder
has carefully read and fully understands the risks involved with an investment in the Corporation including, without limitation,
the risks identified in the Corporation's periodic reports filed with the SEC (the "Exchange Act Documents").

 

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(e)  
Access to Information. The Holder acknowledges that it has had access to the Exchange Act
Documents and has carefully reviewed the same. The Holder further acknowledges that the Corporation has made available
to it the opportunity to ask questions of and receive answers from the Corporation's officers and directors concerning the terms
and conditions of this Debenture and the business and financial condition of the Corporation, and the Holder has received
to its satisfaction, such information about the business and financial condition of the Corporation and the terms and conditions
of the Debenture as it has requested. The Holder has carefully considered the potential risks relating to the Corporation
and a purchase of the Debenture, and fully understands that the Debenture and Shares are speculative investments, which
involve a high degree of risk of loss of the Holder’s entire investment. Among others, the undersigned has carefully considered
each of the risks identified under the caption “Risk Factors” in the Exchange Act Documents.

 

(f)    
Foreign Matters. The Holder acknowledges, represents and agrees that no action has been
or will be taken in any jurisdiction outside the United States by the Corporation that would permit an offering of the Debenture,
or possession or distribution of offering materials in connection with the issuance of the Debenture, in any jurisdiction outside
the United States where legal action by the Corporation for that purpose is required. 

 

(g)  
Compliance with Laws. The Holder will not use any of the Shares to cover any short position
in the Common Stock of the Corporation if doing so would be in violation of applicable securities laws.

 

 

IN WITNESS WHEREOF,
the Corporation has caused this Debenture to be duly executed under its corporate seal.

 

	WITNESS:	 	Petrosonic Energy, Inc.
	 	 	 
	 	 	By:	/s/ Art Agolli
	 	 	 	Artan Agolli, President 
	 	 	 	 
	 	 	 	 
	Print Name of Witness	 	 	 
	 	 	 	 
	 	 	 	 
	Address – Number and Street	 	 	 
	 	 	 	 
	 	 	 	 
	City, State, Zip Code	 	 	 

 

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US$ Wire Instructions

 

    	9AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

This AMENDED
AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), which is dated January 1, 2013, is made by and between Petrosonic
Energy Inc., a Nevada corporation, located at Suite 300, 714 -1st St SE, Calgary, AB, T2G 2G8, Canada and hereinafter
referred to as “Company”, and Art Agolli, whose address is 57 Valley Woods Way NW, Calgary, AB, T3B 6A5,
hereinafter referred to as “Executive.” The purpose of this Agreement is to confirm the terms of the employment relationship
between Company and Executive.

 

RECITALS

 

WHEREAS, Company
previously entered into that certain Employment Agreement with Executive dated as of January 1, 2013 (the “Original Agreement”);

 

WHEREAS, Company
and Executive wish to amend and restate the Original Agreement to incorporate the terms stated herein.

 

THEREFORE, in
consideration of the foregoing and of the mutual promises contained in this Agreement, Company and Executive (who are sometimes
individually referred to as a “party” and collectively referred to as the “parties”) agree as follows:

 

AGREEMENT

 

	 	1.	TERM.

 

Company hereby employs
Executive as Company’s Chief Executive Officer pursuant to the terms of this Agreement and Executive hereby accepts employment
with Company pursuant to the terms of this Agreement. This Agreement is effective on January 1, 2013, and will continue until January
1, 2015 unless terminated earlier pursuant to Section 12 or 13 below. During the second year of this Agreement, Company and Executive
shall work together to determine whether this Agreement shall be renewed beyond January 1, 2015. If Company and Executive mutually
agree on terms for renewal, the term of this Agreement will be extended for a period of two (2) years (the "Renewal Period"),
until January 1, 2017. Thereafter, Company and Executive shall work together during the twelve (12) month period prior to the last
year of each Renewal Period to determine whether this Agreement shall be renewed. If renewed, the term of such renewal will be
two (2) years. In this Agreement the word “Term” shall, depending on the context used, refer to the initial three year
term or to any subsequent Renewal Period.

 

	 	2.	GENERAL DUTIES.

 

Executive is responsible
for increasing shareholder value through his leadership and management of Company. Executive shall devote his entire productive
time, ability, and attention to Company’s business during the Term. Executive shall report to Company’s Board
and agrees to keep the Board fully informed with regard to critical issues affecting the value and reputation of Company.
Furthermore, in his capacity as Chief Executive Officer, Executive shall be primarily responsible for the day-to-day supervision
and control of the business and the employees of the Company. Executive shall do and perform all services, acts, or things necessary
or advisable to discharge his duties under this Agreement, and such other duties as are commonly performed by an employee of his
rank in a publicly traded corporation or which may, from time to time, be prescribed by the Company through the Board. Furthermore,
Executive agrees to cooperate with and work to the best of his ability with Company’s management team, which includes the
Board and the officers and other employees, to continually improve Company’s reputation in its industry for quality products
and performance.

 

	 	3.	NONSOLICITATION AND PROPRIETARY PROPERTY AND CONFIDENTIAL INFORMATION PROVISIONS.

 

(a) Nonsolicitation.

 

(1) Covenant. Executive
hereby covenants and agrees that Executive shall not, either for Executive’s own account or directly or indirectly in conjunction
with or on behalf of any person, partnership, corporation or other entity or venture, during the Term and for a period of one (1)
year from the date this Agreement terminates or expires, solicit or employ or attempt to solicit or employ any person who is then
or has, within twelve (12) months prior thereto, been an officer, partner, manager, agent, consultant or employee of Company or
any affiliate of Company, whether or not such a person would commit a breach of that person’s contract of employment or consulting
contract with Company or any affiliate of Company, if any, by reason of leaving the service of Company or any affiliate of Company
(the “Nonsolicitation Covenant”).

 

    	 

    	 

    

 

(2)   Acknowledgement. Each
of the parties acknowledges that: (i) the covenants and the restrictions contained in the Nonsolicitation Covenant are necessary,
fundamental, and required for the protection of the business of Company; (ii) such Covenant relates to matters which are of a special,
unique and extraordinary value; and (iii) a breach of such Covenant will result in irreparable harm and damages which cannot be
adequately compensated by a monetary award.

 

(3)   Judicial
Limitation. Notwithstanding the foregoing, if at any time, despite the express agreement of Company and Executive, a court
of competent jurisdiction holds that any portion of this Nonsolicitation Covenant is unenforceable by reason of its extending for
too great a period of time or by reason of its being too extensive in any other respect, such Covenant shall be interpreted to
extend only over the maximum period of time or to the maximum extent in all other respects, as the case may be, as to which it
may be enforceable, all as determined by such court in such action.

 

(b) Proprietary
Property; Confidential Information.

 

(1) “Applicable
Definitions” For purposes of this paragraph 3(b), the following capitalized terms shall have the definitions set forth
below:

 

i. “Confidential
Information” - The term “Confidential Information” is collectively and severally defined as any information,
matter or thing of a secret, confidential or private nature, whether or not so labeled, which is connected with Company’s
business or methods of operation or concerning any of Company’s suppliers, customers, licensors, licensees or others with
whom Company has a business relationship, and which has current or potential value to Company or the unauthorized disclosure of
which could be detrimental to Company. Confidential Information shall be broadly defined and shall include, by way of example and
not limitation: (i) matters of a business nature available only to management and owners of Company of which Executive may become
aware (such as information concerning customers, vendors and suppliers, including their names, addresses, credit or financial status,
buying or selling habits, practices, requirements, and any arrangements or contracts that Company may have with such parties, Company’s
marketing methods, plans and strategies, the costs of materials, the prices Company obtains or has obtained or at which Company
sells or has sold its products or services, Company’s manufacturing and sales costs, the amount of compensation paid to employees
of Company and other terms of their employment, financial information such as financial statements, budgets and projections, and
the terms of any contracts or agreements Company has entered into) and (ii) matters of a technical nature (such as product information,
trade secrets, know-how, formulae, innovations, inventions, devices, discoveries, techniques, formats, processes, methods, specifications,
designs, patterns, schematics, data, compilation of information, test results, and research and development projects). For purposes
of the foregoing, the term “trade secrets” shall mean the broadest and most inclusive interpretation of trade secrets
as defined by California’s Uniform Trade Secrets Act and cases interpreting the scope of said Section.

 

ii. “Proprietary
Property” - The term “Proprietary Property” is collectively and severally defined as any written or tangible
property owned or used by Company in connection with Company’s business, whether or not such property also qualifies as Confidential
Information. Proprietary Property shall be broadly defined and shall include, by way of example and not limitation, products, samples,
equipment, files, lists, books, notebooks, records, documents, memoranda, reports, patterns, schematics, compilations, designs,
drawings, data, test results, contracts, agreements, literature, correspondence, spread sheets, computer programs and software,
computer print outs, other written and graphic records, and the like, whether originals, copies, duplicates or summaries thereof,
affecting or relating to the business of Company, financial statements, budgets, projections, invoices.

 

    	 

    	 

    

 

(2) Ownership of Proprietary
Property. Executive acknowledges that all Proprietary Property which Executive may prepare, use, observe, come into possession
of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company
at any time, or upon the cessation of Executive’s employment, irrespective of the time, manner, cause or lack of cause of
such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by
any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in
Executive’s possession or under his control, as well as a statement describing the disposition of all items of the Proprietary
Property beyond Executive’s possession or control in the event Executive has not previously returned such items of the Proprietary
Property to Company.

 

(3) Agreement Not
to Use or Divulge Confidential Information. Executive agrees that he will not, in any fashion, form or manner, unless specifically
consented to in writing by Company, either directly or indirectly use, divulge, transmit or otherwise disclose or cause to be used,
divulged, transmitted or otherwise disclosed to any person, firm or corporation, in any manner whatsoever (other than in Executive’s
performance of duties for Company or except as required by law) any Confidential Information of any kind, nature or description.
The foregoing provisions shall not be construed to prevent Executive from making use of or disclosing information which is in the
public domain through no fault of Executive, provided, however, specific information shall not be deemed to be in the public domain
merely because it is encompassed by some general information that is published or in the public domain or in Executive’s
possession prior to Executive’s employment with Company.

 

(4) Acknowledgement
of Secrecy. Executive acknowledges that the Confidential Information is not generally known to the public or to other persons
who can obtain economic value from its disclosure or use and that the Confidential Information derives independent economic value
thereby, and Executive agrees that he shall take all efforts reasonably necessary to maintain the secrecy and confidentiality of
the Confidential Information and to otherwise comply with the terms of this Agreement.

 

(5) Inventions; Discoveries.
Executive acknowledges that any inventions, discoveries or trade secrets, whether patentable or not, made or found by Executive
in the scope of his employment with Company constitute property of Company and that any rights therein now held or hereafter acquired
by Executive individually or in any capacity are hereby transferred and assigned to Company, and agrees to execute and deliver
any confirmatory assignments, documents or instruments of any nature necessary to carry out the intent of this paragraph when requested
by Company without further compensation therefor, whether or not Executive is at the time employed by Company. Provided, however,
notwithstanding the foregoing, Executive shall not be required to assign his rights in any invention for which no equipment, supplies,
facilities or Confidential Information was used and which were developed entirely on Executive’s own time, unless (a) the
invention relates directly to the Company’s actual or demonstrably anticipated business, or (b) the invention derives from
or relates to any work Executive performed for Company.

 

	 	4.	COMPLIANCE WITH SECURITIES LAWS.

 

Executive acknowledges
that Executive will be subject to the provisions of Sections 10(b) and 16 of the Securities Exchange Act of 1934. Executive acknowledges
that Sections 10(b) and 16 may prohibit Executive from selling or transferring his stock or securities in Company. Executive agrees
that he will comply with Company’s policies, as stated from time to time, relating to selling or transferring his stock or
securities in Company.

 

	 	5.	COMPENSATION.

 

(a) Annual Salary. During
the Term, Company shall pay to Executive an annual base salary in the amount of $150,000 dollars. The salary paid during the Term
shall be referred to in this Agreement as the “Annual Salary”. The Annual Salary shall be subject to any tax withholdings
and/or employee deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance
with the periodic payroll practices of the Company for its employees.

 

(b) Annual Bonus. Executive
and the Compensation Committee of the Board of Directors shall meet to establish performance standards and goals to be met by Executive,
which standards and goals shall be mutually agreed to by Executive and the Compensation Committee. Company shall pay to Executive,
no later than thirty (30) days after each annual anniversary of the Effective Date, a cash bonus (the “Annual Bonus”) in
an amount to be recommended by the Compensation Committee to the Board. Nothing in this paragraph shall prevent Executive and the
Compensation Committee from mutually agreeing to an alternative computation of the Annual Bonus, which may be implemented and paid
to Executive in place of the Annual Bonus described herein. The Annual Bonus shall be subject to any applicable tax withholdings
and/or employee deductions.

 

    	 

    	 

    

 

(c)
Cost of Living Adjustment. Commencing as of the Effective Date, and on each January 1st thereafter, the then
effective Annual Salary shall be increased (but not decreased) by an amount which shall reflect the increase, if any, in the cost
of living during the previous twelve (12) months by adding to the Annual Salary an amount computed by multiplying the Annual Salary
by the percentage by which the level of the Consumer Price Index for the Calgary Metropolitan Area, as reported on January 1st
of the new year by the Government of Canada has increased over its level as of January 1st of the prior year. The same principle
will apply if the Executive relocates to another location in Canada or the United States.

 

(d) Participation
in Employee Benefit Plans. Executive shall have the same rights, privileges, benefits and opportunities to participate
in any of Company’s employee benefit plans which may now or hereafter be in effect on a general basis for executive officers
or employees. Company may change any benefits contractor, in its sole discretion. Executive represents and warrants that he has
no reason to believe that he is not insurable with a reputable insurance company for the limits of the coverage discussed herein.
If Executive is deemed to be uninsurable for any of the coverage discussed herein, Company shall not be deemed to be in breach
of this Agreement for failing to provide such coverage.

 

	 	6.	EQUITY COMPENSATION.

 

Company shall offer
to Executive, no later than thirty (30) days after each annual anniversary of the Effective Date, an option to purchase shares
of Company’s common stock (the “Annual Stock Option Grant”) in an amount to be recommended by the
Compensation Committee to the Board. Nothing in this paragraph shall prevent Executive and the Compensation Committee from mutually
agreeing to alternative forms of equity compensation, including, but not limited to restricted stock grants and/or phantom stock
arrangements. The exercise price for any stock shall be the fair market value on the date that the Annual Stock Option Grant or
other award is made, calculated in accordance with the terms of the Petrosonic Energy Inc 2012 Equity Incentive Plan (the "Plan"),
as the Plan may be amended from time-to-time. The right to purchase the common stock shall vest, or any restrictions shall lapse,
on the first anniversary after the Annual Stock Option Grant or other award is made. Upon the sale or disposition by Company to
an unrelated third party of substantially all of its business or assets, or the sale of the capital stock of Company in connection
with the sale or transfer of a controlling interest in Company to an unrelated third party, or the merger or consolidation of Company
with another corporation as part of a sale or transfer of a controlling interest in Company to an unrelated third party (any of
which shall be deemed to be a “Change in Control”), any part of any offered option or restricted stock which is unvested
shall immediately vest. “A controlling interest” shall be defined as 50% or more of the common stock of the Company.
Unless otherwise designated in the award agreement, in the event of a termination of Executive's employment, any unvested portion
of the Annual Stock Option Grant or any other award of securities subject to vesting conditions shall be governed by the provisions
of Section 6.6 of the Plan. Any stock option or other award issued to Executive hereunder shall be adjusted to account for any
a stock dividend, forward stock split, reverse stock split or recapitalization of the outstanding shares of Company common stock.

 

	 	7.	REIMBURSEMENT OF BUSINESS EXPENSES.

 

Company shall promptly
reimburse Executive for all reasonable business expenses incurred by Executive in connection with the business of Company. However,
each such expenditure shall be reimbursable only if Executive furnishes to Company adequate records and other documentary evidence
required by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of each
such expenditure as an income tax deduction.

 

    	 

    	 

    

 

	 	8.	ANNUAL VACATION/SICK LEAVE.

 

Executive shall be
entitled to four (4) weeks paid vacation time each year. Executive shall be entitled to sick leave in accordance with Company’s
general policy for its employees.

 

	 	9.	INDEMNIFICATION OF LOSSES.

 

So long as Executive’s
actions were taken in good faith and in furtherance of Company’s business and within the scope of Executive’s duties
and authority, Company shall indemnify and hold Executive harmless to the full extent of the law from any and all claims, losses
and expenses sustained by Executive as a result of any action taken by him to discharge his duties under this Agreement, and Company
shall defend Executive, at Company’s expense, in connection with any and all claims by stockholders or third parties which
are based upon actions taken by Executive to discharge his duties under this Agreement.

 

	 	10.	PERSONAL CONDUCT.

 

Executive agrees promptly
and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations of
Company in connection with Company’s business. Executive further agrees to conform to all laws and regulations and not at
any time to commit any act or become involved in any situation or occurrence tending to bring Company into public scandal, ridicule
or which will reflect unfavorably on the reputation of Company.

 

	 	11.	TERMINATION FOR CAUSE.

 

Company may terminate
Executive for cause immediately, without notice, if Company reasonably concludes that Employee has committed fraud, theft, embezzlement,
misappropriation of Company funds or other property, or any felony. Company may also terminate Executive for cause for any of the
following:

 

(a) Breach by Executive
of any material provision of this Agreement;

 

(b) Violation by Executive
of any statutory or common law duty of loyalty to Company;

 

(c) A material violation
by Executive of Company's employment policies; or

 

(d) Commission of
such acts of dishonesty, gross negligence, or willful misconduct as would prevent the effective performance of Executive’s
duties or which result in material harm to Company or its business.

 

Company may
terminate this Agreement for cause by giving written notice of termination to Executive, provided, however, if Company declares
Executive to be in default of this Agreement under subsection (a) above because Executive fails to substantially perform his material
duties and responsibilities under this Agreement, Company shall deliver a written demand for substantial performance of such duties
and responsibilities to Executive. Such demand must identify the manner in which the Board believes that Executive has not substantially
performed his duties, and Executive shall have a period of thirty (30) days to correct the deficient performance. With the exception
of the covenants included in paragraph 3 above, upon termination for cause, the obligations of Executive and Company under this
Agreement shall immediately cease. Such termination shall be without prejudice to any other remedy to which Company may be entitled
either at law, in equity, or under this Agreement. If Executive’s employment is terminated pursuant to this paragraph, Company
shall pay to Executive (i) Executive’s accrued but unpaid Annual Salary and the value of accrued but unused vacation pay
through the effective date of the termination; (ii) Executive’s accrued but unpaid Annual Bonus, if any; and (iii) business
expenses incurred prior to the effective date of termination. Executive shall not be entitled to continue to participate in any
employee benefit plans except to the extent provided in such plans for terminated participants, or as may be required by applicable
law.

 

	 	13.	TERMINATION WITHOUT CAUSE.

 

(a) Death. Executive’s
employment shall terminate upon the death of Executive. Upon such termination, the obligations of Executive and Company under this
Agreement shall immediately cease.

 

    	 

    	 

    

 

(b) Disability. Company
reserves the right to terminate Executive’s employment upon thirty (30) days written notice if, for a period of ninety (90)
days, Executive is prevented from discharging his substantial or material duties due to any physical or mental disability, with
or without reasonable accommodation.

 

(c) Election
By Executive. Executive’s employment may be terminated at any time by Executive upon not less than thirty (30)
days written notice by Executive to the Board.

 

(d) Election
By Company. Executive’s employment may be terminated at any time by Company upon not less than thirty (30) days
written notice by the Board to Executive, or upon Company’s failure to renew this Agreement.

 

(e) Termination
Due to a Change in Control. Executive’s employment may be terminated upon a Change of Control.

 

If Executive’s
employment is terminated pursuant to subsections (a), (b), or (c) of this paragraph, Company shall pay to Executive (i) Executive’s
accrued but unpaid Annual Salary and the value of accrued but unused vacation pay through the effective date of the termination;
(ii) Executive’s accrued but unpaid Annual Bonus, if any; and (iii) business expenses incurred prior to the effective date
of termination. Executive shall not be entitled to continue to participate in any employee benefit plans except to the extent provided
in such plans for terminated participants, or as may be required by applicable law.

 

 If Executive’s
employment is terminated pursuant to subsection (d) of this paragraph, Company shall pay to Executive (i) Executive’s accrued
but unpaid Annual Salary and the value of accrued but unused vacation pay through the effective date of the termination; (ii) Executive’s
accrued but unpaid Annual Bonus, if any; (iii) business expenses incurred prior to the effective date of termination; and (iv)
severance consisting of the greater of (y) the salary that would be due to Executive if the employment had not been terminated,
or (z) twenty four (24) months of Annual Salary. For a termination under subsection (d), Executive shall be entitled to continue
to participate in employee benefit plans described in Section 5(d) for twelve (12) months following termination of Executive’s
employment.

 

If Executive’s
employment is terminated pursuant to subsection (e) of this paragraph, Executive shall be entitled to receive (i) Executive’s
accrued but unpaid Annual Salary and the value of accrued but unused vacation pay through the effective date of the termination;
(ii) Executive’s accrued but unpaid Annual Bonus, if any; and (iii) business expenses incurred prior to the effective date
of termination; and (iv) an amount equal to the Annual Salary due to Executive for the balance of the Term, in a lump sum and without
discount to present value, but in no event shall such payment total less than twenty four (24) months of Salary.

 

All other rights Executive
has under any benefit or stock option plans and programs shall be determined in accordance with the terms and conditions of such
plans and programs.

 

With the exception
of the covenants included in paragraph 3 above and the terms of this paragraph 13, upon termination of Executive’s employment
the obligations of Executive and Company under this Agreement shall immediately cease.

 

	 	14.	MISCELLANEOUS.

 

(a) Preparation
of Agreement. It is acknowledged by each party that such party either had separate and independent advice of counsel
or the opportunity to avail itself or himself of same. In light of these facts it is acknowledged that no party shall be construed
to be solely responsible for the drafting hereof, and therefore any ambiguity shall not be construed against any party as the alleged
draftsman of this Agreement.

 

(b) Cooperation. Each
party agrees, without further consideration, to cooperate and diligently perform any further acts, deeds and things and to execute
and deliver any documents that may from time to time be reasonably necessary or otherwise reasonably required to consummate, evidence,
confirm and/or carry out the intent and provisions of this Agreement, all without undue delay or expense.

 

    	 

    	 

    

 

(c) Interpretation.

 

(i) Entire Agreement/No
Collateral Representations. Each party expressly acknowledges and agrees that this Agreement, including all exhibits attached
hereto: (1) is the final, complete and exclusive statement of the agreement of the parties with respect to the subject matter hereof;
(2) supersedes any prior or contemporaneous agreements, promises, assurances, guarantees, representations, understandings, conduct,
proposals, conditions, commitments, acts, course of dealing, warranties, interpretations or terms of any kind, oral or written
(collectively and severally, the “Prior Agreements”), and that any such prior agreements are of no force or effect
except as expressly set forth herein; and (3) may not be varied, supplemented or contradicted by evidence of Prior Agreements,
or by evidence of subsequent oral agreements. Any agreement hereafter made shall be ineffective to modify, supplement or discharge
the terms of this Agreement, in whole or in part, unless such agreement is in writing and signed by the party against whom enforcement
of the modification or supplement is sought.

 

(ii) Waiver. No
breach of any agreement or provision herein contained, or of any obligation under this Agreement, may be waived, nor shall any
extension of time for performance of any obligations or acts be deemed an extension of time for performance of any other obligations
or acts contained herein, except by written instrument signed by the party to be charged or as otherwise expressly authorized herein.
No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding
breach thereof, or a waiver or relinquishment of any other agreement or provision or right or power herein contained.

 

(iii) Remedies Cumulative.
The remedies of each party under this Agreement are cumulative and shall not exclude any other remedies to which such party may
be lawfully entitled.

 

(iv) Severability.
If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be determined
to be invalid, illegal or unenforceable under present or future laws effective during the term of this Agreement, then and, in
that event: (A) the performance of the offending term or provision (but only to the extent its application is invalid, illegal
or unenforceable) shall be excused as if it had never been incorporated into this Agreement, and, in lieu of such excused provision,
there shall be added a provision as similar in terms and amount to such excused provision as may be possible and be legal, valid
and enforceable, and (B) the remaining part of this Agreement (including the application of the offending term or provision to
persons or circumstances other than those as to which it is held invalid, illegal or unenforceable) shall not be affected thereby
and shall continue in full force and effect to the fullest extent provided by law.

 

(v) No Third Party
Beneficiary. Notwithstanding anything else herein to the contrary, the parties specifically disavow any desire or intention
to create any third party beneficiary obligations, and specifically declare that no person or entity, other than as set forth in
this Agreement, shall have any rights hereunder or any right of enforcement hereof.

 

(vi) Headings; References;
Incorporation; Gender. The headings used in this Agreement are for convenience and reference purposes only, and shall not be
used in construing or interpreting the scope or intent of this Agreement or any provision hereof. References to this Agreement
shall include all amendments or renewals thereof. Any exhibit referenced in this Agreement shall be construed to be incorporated
in this Agreement. As used in this Agreement, each gender shall be deemed to include the other gender, including neutral genders
or genders appropriate for entities, if applicable, and the singular shall be deemed to include the plural, and vice versa, as
the context requires.

 

(d) Enforcement.

 

(i) Applicable Law.
This Agreement and the rights and remedies of each party arising out of or relating to this Agreement (including, without limitation,
equitable remedies) shall be solely governed by, interpreted under, and construed and enforced in accordance with the laws (without
regard to the conflicts of law principles thereof) of the State of California, as if this agreement were made, and as if its obligations
are to be performed, wholly within the State of California.

 

    	 

    	 

    

 

(ii) Consent to Jurisdiction
and Venue. Any action or proceeding arising out of or relating to this Agreement shall be filed in and heard and litigated
solely before the Provincial Court of Alberta, Canada.

 

(iii) Consent to Specific
Performance and Injunctive Relief and Waiver of Bond or Security. Each party acknowledges that Company may, as a result of
Executive’s breach of the covenants and obligations included in paragraph 3 of this Agreement, sustain immediate and long-term
substantial and irreparable injury and damage which cannot be reasonably or adequately compensated by damages at law. Each party
agrees that in the event of Executive’s breach or threatened breach of the covenants and obligations included in paragraph
3, Company shall be entitled to obtain equitable relief from a court of competent jurisdiction or arbitration without proof of
any actual damages that have been or may be caused to Company by such breach or threatened breach and without the posting of bond
or other security in connection therewith.

 

(iv) Attorneys’
Fees. If court proceedings are required to enforce any provision of this Agreement, the substantially prevailing or successful
party shall be entitled to an award of the reasonable and necessary expenses of litigation, including reasonable attorneys’
fees.

 

(v) Arbitration.
Any controversy, dispute or claim of whatever nature arising out of, in connection with or relating to this Agreement or the interpretation,
meaning, performance, breach or enforcement thereof, including any controversy, dispute or claim based on contract, tort, or statute,
and including without limitation claims relating to the validity of this Agreement or relating to termination of employment, shall
be resolved at the request of either party to this Agreement, by final and binding arbitration conducted at a location determined
by the arbitrator in Calgary, Canada, administered by and in accordance with the then existing Rules of Practice and Procedure
of Canada. Either party may commence such proceeding by giving notice to the other party in the manner provided in Section 14(f)
of this Agreement. Upon filing a demand for arbitration, all parties to the Agreement will have right of discovery to the maximum
extent provided by law for actions tried before a court, and both agree that in the event of an arbitration, disputes as to discovery
shall be determined by the arbitrator(s). The arbitrator(s) in any such proceeding shall apply Alberta substantive law to the proceeding.
The arbitrator(s) shall have the power to grant all legal and equitable remedies (provisional and final) and award damages provided
by Alberta law. The arbitrator(s) shall prepare in writing and provide to the parties an award including findings of fact and conclusions
of law. The arbitrator(s) shall not have the power to commit errors of law or legal reasoning, and the award may be vacated or
corrected for any such error. The Company shall pay all fees of the arbitrator, and each party shall bear its or his expenses,
costs and attorney fees relating to the arbitration and recovery under any order and/or judgment rendered therein. In any such
proceeding general counsel for the Company may represent the Company regardless of whether such counsel has rendered advice to
Executive in the past unless prohibited by law or rules of the Province of Alberta, Canada. The parties hereto hereby submit to
the exclusive jurisdiction of the courts of the Province of Alberta for the purpose of enforcement of this agreement to arbitrate
and any and all awards or orders rendered pursuant thereto.

 

(e) No Assignment
of Rights or Delegation of Duties by Executive. Executive’s rights and benefits under this Agreement are personal
to him and therefore (i) no such right or benefit shall be subject to voluntary or involuntary alienation, assignment or transfer;
and (ii) Executive may not delegate his duties or obligations hereunder.

 

(f) Notices. Unless
otherwise specifically provided in this Agreement, all notices, demands, requests, consents, approvals or other communications
(collectively and severally called “Notices”) required or permitted to be given hereunder, or which are given with
respect to this Agreement, shall be in writing, and shall be given by: (A) personal delivery (which form of Notice shall be deemed
to have been given upon delivery), (B) by private overnight delivery service (which forms of Notice shall be deemed to have been
given upon confirmed delivery by the delivery agency), or (C) by mailing in the United States mail by registered or certified mail,
return receipt requested, postage prepaid (which forms of Notice shall be deemed to have been given upon the fifth {5th} business
day following the date mailed). Each party, and their respective counsel, hereby agree that if Notice is to be given hereunder
by such party’s counsel, such counsel may communicate directly with all principals, as required to comply with the foregoing
notice provisions. Notices shall be addressed to the address hereinabove set forth in the introductory paragraph of this Agreement,
or to such other address as the receiving party shall have specified most recently by like Notice, with a copy to the other parties
hereto. Any Notice given to the estate of a party shall be sufficient if addressed to the party as provided in this subparagraph.

 

    	 

    	 

    

 

(g) Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute
one and the same instrument, binding on all parties hereto. Any signature page of this Agreement may be detached from any counterpart
of this Agreement and reattached to any other counterpart of this Agreement identical in form hereto by having attached to it one
or more additional signature pages.

 

(h) Execution
by All Parties Required to be Binding; Electronically Transmitted Documents. This Agreement shall not be construed to be
an offer and shall have no force and effect until this Agreement is fully executed by all parties hereto. If a copy or counterpart
of this Agreement is originally executed and such copy or counterpart is thereafter transmitted electronically by facsimile or
similar device, such facsimile document shall for all purposes be treated as if manually signed by the party whose facsimile signature
appears.

 

IN WITNESS WHEREOF,
the parties have executed this Agreement.

 

	 	Company:
	 	Petrosonic Energy Inc.
	 	 
	 	By:	Richard Rutkowski
	 	 
	 	Its:	Director
	 	 
	 	Executive:
	 	 
	 	/s/ Art Agolli 
	 	Art Agolli

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