Document:

Exhibit
10.18

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of April 14, 2021, by and between NuZee, Inc., a Nevada Corporation
(the “Company”), and Tomoko Toyota (“Employee”).

 

A.
WHEREAS, the Company is in the business of developing, manufacturing and marketing of high-end consumer coffee products;

 

B.
WHEREAS, Employee represents she has the requisite training, experience, knowledge and expertise of a professional chief marketing officer,
thus enabling Employee to undertake the duties, authority and responsibilities as are consistent with such a position;

 

C.
WHEREAS, the Company now believes it is in the interest of the Company and its shareholders to engage Employee as Chief Marketing Officer;

 

NOW
THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement and such other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.
Recitations. The above recitations are true and correct and are incorporated herein by this reference.

 

2.
Employment.

 

2.1.
Position of Employment. The Company hereby employs Employee as Chief Marketing Officer (“CMO”), upon all of the terms
and conditions hereinafter set forth. Employee shall have such duties, authority and responsibilities as shall be determined from time
to time by the CEO and/or President, which duties, authority and responsibilities are consistent with Employee’s position. Employee
will operate out of her home office in Seattle WA, but will travel to the Company’s offices as required by the Company from time
to time. Employee will conduct her activities in accordance with the high standards of the Company. All actions shall be subject and
subordinate to review and approval of the Company’s CEO and/or President and Board of Directors, and in accordance with the terms
and conditions as prescribed in the Employee Handbook, as may be revised from time to time. Employees are encouraged to familiarize themselves
with the Employee Handbook.

 

2.2.
Devotion of Time. During the term of Employee’s employment, Employee shall devote her full, exclusive business time, ability
and attention to the business affairs of the Company and shall use her best efforts to perform faithfully and efficiently such responsibilities.

 

3.
Term of Employment.

 

The
term of this Agreement shall begin effective May 3, 2021 (the “Commencement Date”) and shall terminate upon the occurrence
of any one or more of the following events:

 

3.1.
Termination of Employment by the Company for Cause. The Company may terminate Employee’s employment effective immediately,
if such termination is for “Cause.” For purposes of this Agreement, “Cause” shall include:

 

(a)
death of Employee;

 

(b)
a default or breach by Employee of any of the provisions of this Agreement;

 

(c)
actions by Employee constituting fraud, embezzlement or dishonesty;

 

(d)
furnishing false, misleading, or omissive information or omitting to furnish material information to the Company in the reasonable judgment
of the Company;

 

    	 

     

    

 

(e)
any action which constitutes a breach of the confidentiality and/or trade secrets of the Company;

 

(f)
the commission of an act by Employee involving moral turpitude;

 

(g)
refusal to follow reasonable and lawful directives of the Company’s CEO and/or President; or

 

(h)
to the extent permitted by law, in the event of Employee’s physical or mental disability that prevents her from performing her
job duties, with or without a reasonable accommodation, for a period of at least 90 consecutive days in any 12-month period or 120 non-consecutive
days in any 12-month period.

 

Upon
termination for Cause, the Company shall not be liable for payment of any further compensation or incentive payment other than (i) accrued
but unpaid Base Salary and accrued but unused vacation through the effective date of such termination; (ii) reimbursement for any unreimbursed
business expenses properly incurred by Employee, which shall be subject to and paid in accordance with the Company’s expense reimbursement
policy; and (iii) such employee benefits (including equity compensation), if any, to which Employee may be entitled under the Company’s
employee benefit plans as of the termination date (collectively, “Accrued Obligations”). Notwithstanding any termination
pursuant to this Section 3.2, the provisions of Sections 6, 7, 8, 9, 10, 11, 12, 13, and 14 of this Agreement shall remain in full force
and effect. Notwithstanding the foregoing, Employee shall be entitled to receive all appropriate benefits mandated by the Consolidated
Budget Reconciliation Act of 1985 (“COBRA”).

 

(i)
Termination without Cause. Notwithstanding any other provision contained herein, Company may terminate this agreement and Employee’s
employment hereunder without cause and in Company’s sole and absolute discretion by giving Employee fourteen (14) days prior notice
thereof.

 

Upon
termination without cause, the Company shall not be liable for payment of any further compensation or incentive payment other than Accrued
Obligations through and including the effective date of termination. Notwithstanding any termination pursuant to this Section 3.3, the
provisions of Sections 6, 7, 8, 9, 10, 11, 12, 13 and 14 of this Agreement shall remain in full force and effect. Notwithstanding the
foregoing, Employee shall be entitled to receive all appropriate benefits mandated by COBRA.

 

3.2.
Termination by Employee. Employee may terminate this Agreement whether for good reason or no reason by giving fourteen days(14)
written notice to the Company. Upon such termination, Employee shall only be entitled to Accrued Obligations through the effective date
of termination. Notwithstanding any termination herein, the provisions of Paragraphs 6, 7, 8, 9, 10, 11, 12, 13 and 14 shall remain in
full force and effect.

 

4.
Compensation and Benefits.

 

Company
shall pay to Employee compensation during the term of this Agreement as determined by the CEO and/or President from time to time; which
compensation shall be initially as follows:

 

4.1.
Base Salary. Employee shall receive a starting base salary (“Base Salary”) of $225,000 per year payable semi-monthly
or in accordance with such other payment schedule as may be approved by the CEO and/or President; it being further understood that at
the election of the CEO and/or President, Employee’s Base Salary (and other compensation, as may be applicable) may be revisited
in the discretion of the Compensation Committee of the Board of Directors.

 

4.2.
Annual Bonus. At the end of each fiscal year, Employee will be eligible to receive a bonus computed on the basis of 1% of Company’s
Adjusted Gross Sales during the preceding fiscal year (hereinafter “Bonus”). Any Bonus payment will be subject to applicable
withholding and payroll deductions. To qualify for a Bonus, Employee must remain continuously employed with the Company through the date
that any Bonus is calculated and approved by the Compensation Committee of the Board. Bonuses will be paid in the calendar year following
the fiscal year for which it was applicable. For the avoidance of doubt, Adjusted Gross Sales means either (i) the gross sales of products
as invoiced by the Company or its affiliates, sub-licensees or its marketing partners to third parties, less deductions for returns (including
withdrawals and recalls), rebates or chargebacks, volume discounts granted at the time of invoicing, sales taxes and other taxes directly
linked and included in the gross sales amount for the countries concerned in accordance with the Company’s then current standard
practices, whereby the amount of such sales in foreign currencies is converted into US Dollars, or (ii) such other definition as the
CEO of the Company and Employee shall agree upon, in writing, from time to time.

 

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4.3.
Stock Option Grants. As part of the Company team, the Company strongly believes that ownership of the Company by its employees
is an important factor to its success. Therefore, as part of Employee’s compensation, and subject to the approval of the Compensation
and Options Committee of the Company’s Board of Directors, Employee will be granted the following options to purchase shares of
the Company’s common stock (the “Options”), which shall vest pursuant to the terms and conditions set forth below and
in the Company’s equity incentive plan, as in effect from time to time:

 

(a)
Base Grant. Not later than May 3, 2021, Employee shall be granted Options to purchase 30,000 shares of the Company’s common
stock with an exercise price equal to the fair market value at the time of grant. Such Options will be on the Company’s customary
terms and conditions and, subject to Employee’s continued employment, shall vest as follows: (a) 10,000 Options shall vest upon
the first anniversary of the Commencement Date of this Agreement; (b) 10,000 Options shall vest upon the second anniversary of the Commencement
Date of this Agreement; and (c) 10,000 Options shall best upon the third anniversary of the Commencement Date of this Agreement.

 

(b)
Bonus Grant. Not later than May 3, 2021, Employee shall be granted Options to purchase 120,000 shares of the Company’s common
stock with an exercise price equal to the fair market value at the time of grant. Such Options will be on the Company’s customary
terms and conditions and, subject to Employee’s continued employment, shall vest as follows: (a) 20,000 Options shall vest upon
the Company’s achievement of $3.5 million in Adjusted Gross Sales in Fiscal Year 2022 (October 1, 2021 through September 30, 2022);
(b) 20,000 options shall vest upon the Company’s achievement of $7 million in Adjusted Gross Sales in Fiscal Year 2022 (inclusive
of the initial $3.5 million in Adjusted Gross Sales in Fiscal Year 2022); (c) 20,000 options shall vest upon the Company’s achievement
of $5 million in Adjusted Gross Sales in Fiscal Year 2023 (October 1, 2022 through September 30, 2023); (d) 20,000 Options shall vest
upon the Company’s achievement of $10 million in Adjusted Gross Sales in Fiscal Year 2023 (inclusive of the initial $5 million
in Adjusted Gross Sales in Fiscal Year 2023); (e) 20,000 Options shall vest upon the Company’s completion of $7.5 million in Adjusted
Gross Sales in Fiscal Year 2024 (October 1, 2023 through September 30, 2024); and (f) 20,000 Options shall vest upon the Company’s
completion of $15 million in Adjusted Gross Sales in Fiscal Year 2024 (inclusive of the initial $7.5 million in Adjusted Gross Sales
in Fiscal Year 2024). The Company shall employ its best efforts to achieve closure on sales to meet Employee’s Bonus Grant Schedule
as outlined in this Section.

 

At
Company’s election, the foregoing Options may be subject to execution of an amendment to the Stock Option Agreement consistent
herewith. The Option will not be formalized until approved by the Compensation and Options Committee of the Company’s Board of
Directors.

 

4.4.
Employee shall accrue 20 days of vacation during each twelve (12) month period of employment. Except with regard to the total annual
accrual set forth herein, this vacation award shall be subject to the terms set forth in the Company’s vacation policy in NuZee,
Inc.’s Employee Handbook.

 

4.5.
Commencing immediately following the date of Employee’s actual employment, Employee shall be entitled to participate in any employee
health and profit-sharing plans made available to the employees of the Company by the Company.

 

4.6.
Employee shall be entitled to receive reimbursement for any expenses made on behalf of Company, which expenditures must first have been
pre-approved in writing. Employee’s pre-approved travel expenses and accommodations will be reimbursed or paid by Company.

 

5.
Vacation Policy. The purpose of the Company’s vacation policy is to allow its employees to take periodic breaks from
work and is more fully described in the NuZee, Inc. Employee Handbook.

 

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6.
Nonsolicitation. During the period of his employment by the Company and for a period of one (1) year after termination
of such employment (for any reason, whether voluntarily or involuntarily), Employee agrees that she will not directly or indirectly,
whether alone or for herself or for any other person, business, partnership, association, firm, company or corporation, call upon, solicit,
divert or take away or attempt to solicit, divert or take away, any of the employees of Company in existence at the time of the termination
of Employee’s employment.

 

7.
Confidential Information. Employee understands and acknowledges that during the term of employment, Employee will have
access to and learn about Confidential Information, as defined below.

 

7.1.
Confidential Information Defined.

 

(a)
Definition. For purposes of this Agreement, “Confidential Information” includes, but is not limited to, all information
not generally known to the public, in spoken, printed, electronic or any other form or medium, relating directly or indirectly to: business
processes, practices, methods, policies, plans, publications, documents, research, operations, services, strategies, techniques, agreements,
contracts, terms of agreements, transactions, potential transactions, negotiations, pending negotiations, know-how, trade secrets, computer
programs, computer software, applications, operating systems, software design, web design, work-in-process, databases, device configurations,
embedded data, compilations, metadata, technologies, manuals, records, articles, systems, material, sources of material, supplier information,
vendor information, financial information, results, accounting information, accounting records, legal information, marketing information,
advertising information, pricing information, credit information, design information, payroll information, staffing information, personnel
information, employee lists, supplier lists, vendor lists, developments, reports, internal controls, security procedures, graphics, drawings,
sketches, market studies, sales information, revenue, costs, formulae, notes, communications, algorithms, product plans, designs, styles,
models, ideas, audiovisual programs, inventions, unpublished patent applications, original works of authorship, discoveries, experimental
processes, experimental results, specifications, customer information, customer lists, client information, client lists, manufacturing
information, factory lists, distributor lists, and buyer lists of the Company or its businesses or any existing or prospective customer,
supplier, investor or other associated third party] or of any other person or entity that has entrusted information to the Company in
confidence.

 

Employee
understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or
otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary
in the context and circumstances in which the information is known or used.

 

Employee
understands and agrees that Confidential Information includes information developed by Employee in the course of employment by the Company
as if the Company furnished the same Confidential Information to Employee in the first instance. Confidential Information shall not include
information that is generally available to and known by the public at the time of disclosure to Employee; provided that, such disclosure
is through no direct or indirect fault of Employee or person(s) acting on Employee’s behalf.

 

(b)
Company Creation and Use of Confidential Information. Employee understands and acknowledges that Company has invested, and continues
to invest, substantial time, money, and specialized knowledge into developing its resources, creating a customer base, generating customer
and potential customer lists, training its employees, and improving its offerings in the field of high-end consumer coffee products.
Employee understands and acknowledges that as a result of these efforts, the Company has created, and continues to use and create Confidential
Information. This Confidential Information provides the Company with a competitive advantage over others in the marketplace.

 

(c)
Disclosure and Use Restrictions.

 

Employee
agrees and covenants: (i) to treat all Confidential Information as strictly confidential; (ii) not to directly or indirectly disclose,
publish, communicate, or make available Confidential Information, or allow it to be disclosed, published, communicated, or made available,
in whole or part, to any entity or person whatsoever (including other employees of the Company) not having a need to know and authority
to know and use the Confidential Information in connection with the business of the Company and, in any event, not to anyone outside
of the direct employ of the Company except as required in the performance of Employee’s authorized employment duties to the Company
or with the prior consent of CEO and/or President acting on behalf of the Company in each instance (and then, such disclosure shall be
made only within the limits and to the extent of such duties or consent); and (iii) not to access or use any Confidential Information,
and not to copy any documents, records, files, media, or other resources containing any Confidential Information, or remove any such
documents, records, files, media, or other resources from the premises or control of the Company, except as required in the performance
of Employee’s authorized employment duties to the Company.

 

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(d)
Permitted Disclosures. Nothing herein shall be construed to prevent disclosure of Confidential Information as may be required
by applicable law or regulation, or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency,
provided that the disclosure does not exceed the extent of disclosure required by such law, regulation, or order.

 

(e)
Notice of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016 (“DTSA”).
Notwithstanding any other provision of this Agreement:

 

(I)
Employee will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret
that:

 

(i)
is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (2)
solely for the purpose of reporting or investigating a suspected violation of law; or

 

(ii)
is made in a complaint or other document filed under seal in a lawsuit or other proceeding.

 

(f)
If Employee files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Employee may disclose the Company’s
trade secrets to Employee’s attorney and use the trade secret information in the court proceeding if Employee:

 

(I)
files any document containing trade secrets under seal; and

 

(II)
does not disclose trade secrets, except pursuant to court order.

 

8.
Absence of Conflicting Agreements. Employee understands the Company does not desire to acquire from her any trade secrets,
know-how or confidential business information that she may have acquired from others. Accordingly, Employee represents and warrants that
she is free to divulge to Company, without any obligation to, or violation of any right of others, any and all information, practices
and techniques which she will use, describe, demonstrate or divulge or in any other manner make known to the Company during the course
of her employment. Employee represents that she is not bound by any agreement or any other existing or previous business relationship
which conflicts with or prevents the full performance of her duties and obligations to the Company during her course of employment by
Company.

 

9.
Remedies Upon Breach. Employee agrees that any breach of this Agreement by her could cause irreparable damage to Company
and that in the event of such breach, Company shall have, in addition to any and all remedies at law, the right to an injunction, specific
performance or other equitable relief to prevent any violation or threatened violation of Employee’s obligations hereunder.

 

10.
No Employment Obligation. Employee understands that this Agreement does not create any obligation on the Company or any
other person to continue her employment. The Employee understands that the Employee is an employee subject to termination as set forth
in Paragraph 3 above.

 

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11.
Business Opportunities. During the term of this Agreement Employee agrees to bring all business opportunities to the Company
relating to or otherwise associated with the business or businesses then conducted by the Company or any affiliate thereof, or business
or businesses proposed to be conducted by the Company or any such affiliate in the future. Employee further agrees not to pursue any
such business opportunity or opportunities for his own account or for the account of any third party irrespective of the Company’s
decision to exploit or not to exploit any such business opportunity.

 

12.
Proprietary Rights.

 

12.1.
Work Product. Employee acknowledges and agrees
that all right, title, and interest in and to all writings, works of authorship, technology, inventions, discoveries, processes, techniques,
methods, ideas, concepts, research, proposals, materials, and all other work product of any nature whatsoever, that are created, prepared,
produced, authored, edited, amended, conceived, or reduced to practice by Employee individually or jointly with others during the employment
term and relate in any way to the business or contemplated business, products, activities, research, or development of the Company or
result from any work performed by Employee for the Company (in each case, regardless of when or where prepared or whose equipment or
other resources is used in preparing the same), all rights and claims related to the foregoing, and all printed, physical and electronic
copies, and other tangible embodiments thereof (collectively, “Work Product”) as well as any and all rights in and to US
and foreign (a) patents, patent disclosures and inventions (whether patentable or not), (b) trademarks, service marks, trade dress, trade
names, logos, corporate names, and domain names, and other similar designations of source or origin, together with the goodwill symbolized
by any of the foregoing, (c) copyrights and copyrightable works (including computer programs), mask works, and rights in data and databases,
(d) trade secrets, know-how, and other confidential information, and (e) all other intellectual property rights, in each case whether
registered or unregistered and including all registrations and applications for, and renewals and extensions of, such rights, all improvements
thereto and all similar or equivalent rights or forms of protection in any part of the world (collectively, “Intellectual Property
Rights”), shall be the sole and exclusive property of the Company.

 

For
purposes of this Agreement, Work Product includes, but is not limited to, Company information, including plans, publications, research,
strategies, techniques, agreements, documents, contracts, terms of agreements, negotiations, know-how, computer programs, computer applications,
software design, web design, work in process, databases, manuals, results, developments, reports, graphics, drawings, sketches, market
studies, formulae, notes, communications, algorithms, product plans, product designs, styles, models, audiovisual programs, inventions,
unpublished patent applications, original works of authorship, discoveries, experimental processes, experimental results, specifications,
customer information, client information, customer lists, client lists, manufacturing information, marketing information, advertising
information, and sales information.

 

12.2.
Work Made for Hire; Assignment. Employee acknowledges that,
by reason of being employed by the Company at the relevant times, to the extent permitted by law, all of the Work Product consisting
of copyrightable subject matter is “work made for hire” as defined in 17 U.S.C. § 101 and such copyrights are therefore
owned by the Company. To the extent that the foregoing does not apply, Employee hereby irrevocably assigns to the Company, for no additional
consideration, Employee’s entire right, title, and interest in and to all Work Product and Intellectual Property Rights therein,
including the right to sue, counterclaim, and recover for all past, present, and future infringement, misappropriation, or dilution thereof,
and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or limit
the Company’s rights, title, or interest in any Work Product or Intellectual Property Rights so as to be less in any respect than
that the Company would have had in the absence of this Agreement.

 

12.3.
Further Assurances; Power of Attorney. During
and after the employment term, the Employee agrees to reasonably cooperate with the Company to (a) apply for, obtain, perfect, and transfer
to the Company the Work Product as well as any and all Intellectual Property Rights in the Work Product in any jurisdiction in the world;
and (b) maintain, protect and enforce the same, including, without limitation, giving testimony and executing and delivering to the Company
any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments as shall be requested
by the Company. Employee hereby irrevocably grants the Company power of attorney to execute and deliver any such documents on Employee’s
behalf in her name and to do all other lawfully permitted acts to transfer the Work Product to the Company and further the transfer,
prosecution, issuance, and maintenance of all Intellectual Property Rights therein, to the full extent permitted by law, if Employee
does not promptly cooperate with the Company’s request (without limiting the rights the Company shall have in such circumstances
by operation of law). The power of attorney is coupled with an interest and shall not be affected by Employee’s subsequent incapacity.

 

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12.4.
No License. Employee understands that this Agreement does not,
and shall not be construed to, grant the Employee any license or right of any nature with respect to any Work Product or Intellectual
Property Rights or any Confidential Information, materials, software, or other tools made available to Employee by the Company.

 

13.
Appearance Release. Employee irrevocably agrees that the Company may interview tape and photograph me, and make audio and
visual recordings of my voice, conversation and sounds for use on and in connection with the Company, its Website(s), its business(es),
and the advertising and promotion thereof, and that Company shall be the exclusive owner of the results and proceeds of such taping,
photography and recording with the right, throughout the universe, in any media now known or hereafter devised, an unlimited number of
times in perpetuity, to copyright, to use and to license others to use, in any manner, all or any portion thereof or of a reproduction
thereof in connection the same or otherwise. Employee represents that any statements made by him during his appearance are true, to the
best of his knowledge, and that neither they nor his appearance will violate or infringe upon the rights of any third party. Except as
otherwise required by applicable laws, upon Employee’s separation from employment with the Company, for any reason whatsoever,
the Company shall, within thirty (30) days of that separation, remove all photographs or recordings of Employee from any media under
Company’s then control.

 

14.
Compliance with Company Non-Disclosure Obligation. Employee hereby acknowledges that Company may hereafter be subject to
nondisclosure agreements with third persons pursuant to which Company must protect or refrain from the use of proprietary information
which is the property of such third persons. Employee hereby agrees upon the directive of the Company to be bound by the terms of such
agreements in the event he has access to the proprietary information protected thereunder to the same extent as if he were an original
individual signatory thereto.

 

15.
Severability. The invalidity of any one or more of the words, phrases, sentences, clauses, sections, subdivisions, subparagraphs,
paragraphs or articles contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or
any part thereof, all of which are inserted conditionally on their being legally valid. In the event that one or more of the words, phrases,
sentences, clauses, sections, subdivisions, subparagraphs, paragraphs or articles are determined to be unenforceable and if such invalidity
shall be caused by the length of any period of time or the size of any area set forth in any part hereof, such period of time or such
area, or both, shall be considered to be reduced to a period or area which would cure such invalidity.

 

16.
Notice. Any notices or other communications to any party pursuant to or relating to this Agreement must be in writing and
shall be deemed to have been given or delivered when (a) hand-delivered, (b) mailed through the U.S. Postal Service via certified mail,
return receipt requested, postage prepaid, (c) through a nationally recognized overnight courier or (d) electronic mail, provided a “read
receipt” is obtained;, to the parties at their addresses below:

 

	Company:	NuZee,
    Inc.

    1401
    Capital Ave., Suite B

    Plano,
    Texas 75074

     

    Attention:
Masa Higashida, Chief Executive Officer [***]

	 	 
	with
    a copy to:	JR
    Lanis Esq.

    Polsinelli

    2049
    Century Park East, 29th Floor

    Los
    Angeles, CA 90067

    [***]

	 	 
	Employee:	Tomoko
    Toyota

    [***]

 

or
such other address given by such party to the other party at any time hereafter.

 

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17.
Entire Agreement. This Agreement contains the sole and entire agreement between the parties with respect to the subject
matter hereof and supersedes any and all other prior written or oral agreements between them as to such subject matter.

 

18.
Amendment. No amendment, waiver or modification of this Agreement or any provisions of this Agreement shall be valid unless
in writing and duly executed by both parties.

 

19.
Binding Agreement. Except as herein set forth, this Agreement shall be binding upon and inure to the benefit of the parties
and their respective heirs, legal representatives.

 

20.
Waiver. Any waiver by any party of any breach of any provision of this Agreement shall not be considered as or constitute
a continuing waiver or waiver of any other breach of any provision of this Agreement.

 

21.
Assignment. This Agreement is personal to Employee and may not be assigned by her without Company’s prior written
consent, which consent may be withheld in Company’s sole and absolute discretion.

 

22.
Successors and Assigns. This Agreement shall be binding upon the parties hereto and their successors and assigns.

 

23.
Captions. Captions contained in this Agreement are inserted only as a matter of convenience or for reference and in no
way defines, limits, extends, or describes the scope of this Agreement or the intent of any provisions of this Agreement.

 

24.
Dispute Resolution; Arbitration. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof,
or Employee’s employment, shall be resolved by arbitration as follows:

 

24.1.
Mandatory Arbitration: Company and Employee agree that any claim, complaint, or dispute that relates in any way to this Agreement
or Employee’s employment with Company, whether based in contract, tort, statute, fraud, misrepresentation or any other legal theory,
shall be submitted to binding arbitration administered by the American Arbitration Association (“AAA”) in accordance with
its Employment Arbitration Rules & Mediation Procedures, which can be found online at https://adr.org/sites/default/files/EmploymentRules_Web_2.pdf
(the “Rules”). If the AAA Rules are inconsistent with the terms of this Agreement, the terms of this Agreement shall
govern.

 

24.2.
Covered Claims. This Agreement to arbitrate covers all grievances, disputes, claims, or causes of action (collectively, “claims”)
in a federal, state or local court or agency under applicable federal, state or local laws, arising out of Employee’s employment
with the Company and the termination thereof, including claims Employee may have against the Company or against its officers, directors,
supervisors, managers, employees, or agents in their capacity as such or otherwise, or that the Company may have against Employee. The
claims covered by this Agreement include, but are not limited to, claims for breach of any contract or covenant (express or implied),
The parties to this Agreement specifically agree that all claims under the California Labor Code, including, but not limited to, claims
for overtime, unpaid wages, and claims involving meal and rest breaks shall be subject to this Arbitration Agreement (“Covered
Claims”).

 

24.3.
Claims Not Covered. Claims not covered by this Agreement are
claims for workers’ compensation, unemployment compensation benefits, administrative charges for unfair labor practices brought
before the National Labor Relations Board, Excluded Claims (defined in Paragraph 24.4 below), tort claims, claims for wrongful termination
(constructive or actual) in violation of public policy, claims for discrimination or harassment (including, but not limited to, harassment
or discrimination based on race, sex, gender, religion, national origin, age, marital status, medical condition, psychological condition,
mental condition, disability, or sexual orientation), claims for violation of any federal, state, or other governmental law, statute,
regulation, or ordinance, including, but not limited to, all claims arising under Title VII of the Civil Rights Act, the Age Discrimination
in Employment Act, the Americans With Disabilities Act, the California Fair Employment and Housing Act, the Consolidated Omnibus Budget
Reconciliation Act of 1985, and Employee Retirement Income Security Act or any other claims that, as a matter of law, the Parties cannot
agree to arbitrate. Nothing in this Agreement shall be interpreted to mean that employees
are precluded from filing complaints with the California Department of Fair Employment and
Housing and/or federal Equal Employment Opportunity Commission and National Labor Relations Board.

 

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24.4.
Waiver of Class Action and Representative Action Claims. Except for representative claims
which cannot be waived under applicable law and which are therefore excluded from this Agreement (“Excluded
Claims”), Employee and the Company expressly intend and agree that: (a) class action and representative action procedures are hereby
waived and shall not be asserted, nor will they apply, in any arbitration pursuant to this
Agreement; (b) each will not assert class action or representative action claims against
the other in arbitration or otherwise; and (c) Employee and the Company shall only submit
their own, individual claims in arbitration and will not seek to represent the interests
of any other person. To the extent that the parties’ dispute involves both timely filed Excluded Claims and claims subject to this
Agreement, the Parties agree to bifurcate and stay for the duration of the arbitration
proceedings any such Excluded Claims.

 

24.5.
Waiver of Trial by Jury. The parties understand and fully agree that by entering into this
Agreement to arbitrate, they are giving up their constitutional right to have a trial by
jury, and are giving up their normal rights of appeal following the rendering of a decision except as California law
provides for judicial review of arbitration proceedings. The Parties anticipate that by
entering into this Agreement, they will gain the benefits of a speedy and less expensive
dispute resolution procedure.

 

24.6.
Claims Procedure. Arbitration shall be initiated upon the express written notice of either
party. The aggrieved party must give written notice of any claim to the other party. Written notice of an Employee’s claim shall
be mailed by certified or registered mail, return receipt requested, to the Company (at the address indicated in Paragraph 16). Written
notice of the Company’s claim will be mailed to the last known address of Employee. The written notice shall identify and describe
the nature of all claims asserted and the facts upon which such claims are based. Written notice of arbitration shall
be initiated within the same time limitations that California law applies to those claim(s).

 

24.7.
Arbitrator Selection. The Arbitrator shall
be selected as provided in the AAA Rules.

 

24.8.
Discovery. The AAA Rules regarding discovery shall apply to arbitration under
this Agreement. The Arbitrator selected according
to this Agreement shall decide all discovery disputes.

 

24.9.
Substantive Law. The Arbitrator shall apply
the substantive state or federal law (and the law of remedies, if applicable) as applicable to the claim(s) asserted. The Arbitrator
shall conduct and preside over an arbitration hearing
of reasonable length, to be determined by the Arbitrator. The Arbitrator shall
provide the parties with a written decision explaining his or her findings and conclusions. The Arbitrator’s decision
shall be final and binding upon the parties.

 

24.10.
Motions. The Arbitrator shall have jurisdiction
to hear and rule on prehearing disputes and is authorized to hold prehearing conferences by telephone or in person as the Arbitrator
deems necessary. The Arbitrator shall have the authority
to set deadlines for completion of discovery, and for filing motions for summary judgment, and to set briefing schedules for any motions.
The Arbitrator shall have the authority to adjudicate any cause of action, or the entire
claim, pursuant to a motion for summary adjudication and/or summary judgment, and, in deciding such motions, shall apply the law of the
State of California.

 

24.11.
Compelling Arbitration/Enforcing Award. Either party may bring an action in court to compel
arbitration under this Agreement or to otherwise
determine the arbitrability of claims under this Agreement, and to confirm, vacate or enforce
an arbitration award, and each party shall bear its own attorney fees and costs and other
expenses of such action.

 

    	9

     

    

 

24.12.
Arbitration Fees and Costs. The Company shall be responsible for the arbitrator’s
fees and expenses. Each party shall pay its own costs and attorneys’ fees, if any. However,
if any party prevails on a statutory claim which affords the prevailing party attorneys’ fees and costs, or if there is a written
agreement providing for attorneys’ fees and costs, the Arbitrator may
award reasonable attorneys’ fees and costs to the prevailing party. Any dispute as to the reasonableness of any fee or cost shall
be resolved by the Arbitrator.

 

24.13.
Term of Agreement. This Agreement to arbitrate
shall survive the termination of Employee’s employment. It can only be revoked or modified in writing signed by both Parties that
specifically states an intent to revoke or modify this Agreement and is signed by the CEO
and/or President.

 

25.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California,
without regard to the law of conflicts.

 

26.
Counterparts/Facsimile. This Agreement may be signed in counterparts which, when considered together, shall be regarded
as one completely signed document. This Agreement may be signed by facsimile signature, wherein a facsimile copy will have the same force
and effect as an original.

 

27.
Further Documents. The parties hereto agree to execute any writings, instruments or applications necessary to carry out
the intent of this Agreement.

 

28.
Cumulative Remedies. Except as otherwise provided in this contract all rights and remedies herein or otherwise shall be
cumulative and none of them shall be in limitation of any other right or remedy.

 

29.
Gender/Number. As used herein, the masculine, feminine, or neuter gender, and the singular or plural number shall each
be deemed to include the others whenever the context so indicates

 

30.
Construction. This Agreement shall be construed without regard to the identity of the person who drafted the various provisions
hereof. Each and every provision of this Agreement shall be construed as though the parties participated equally in the drafting of the
same. Consequently, the parties acknowledge and agree that any rule of construction that a document is to be construed against the drafting
party shall not be applicable to this Agreement.

 

31.
Indemnification. If either party breaches any material provision of this Agreement, the breaching party shall compensate
the non-breaching party for any direct and reasonably foreseeable damages proven in a court or binding arbitration, and for reasonable
attorneys’ fees and costs.

 

[Signature
page to follow on next page.]

 

    	10

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

 

	 	NuZee,
    Inc.,
	 	a
    Nevada corporation
	 	 	 
	 	By:	/s/
    Masateru Higashida
	 	Name:	Masateru
    Higashida
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	Employee:
	 	 	 
	 	By:	/s/
    Tomoko Toyota
	 	Name:	Tomoko
    Toyota
	 	Title:	Chief
    Marketing Officer
	 	 	Last
    4 of SSN#: [***]

 

    	11Exhibit
10.20

 

Separation
and Release of Claims Agreement

 

This
Separation and Release of Claims Agreement (“Agreement”) is entered into by and between NuZee, Inc., a Nevada corporation
(the “Company” or “Employer”), and Tomoko Toyota, an individual (the “Employee”)
(the Employer and the Employee are collectively referred to as the “Parties”) as of September 21, 2022 (the “Execution
Date”).

 

The
Employee’s last day of employment with the Employer is September 21, 2022 (the “Separation Date”). After the
Separation Date, the Employee will not represent herself as being an employee, officer, attorney, agent, or representative of the Employer
for any purpose. Except as otherwise set forth in this Agreement, the Separation Date is the employment termination date for the Employee
for all purposes, meaning the Employee is not entitled to any further compensation, monies, or other benefits from the Employer, including
coverage under any benefit plans or programs sponsored by the Employer, as of the Separation Date.

 

1.
Return of Property.
The Employee warrants and represents that she has returned all Employer property, including identification cards or badges, access codes
or devices, keys, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit cards, electronically stored documents
or files, physical files, and any other Employer property in the Employee’s possession.

 

2.
Employee Representations.
The Employee specifically represents, warrants, and confirms that the Employee:

 

(a)
has not filed any claims, complaints, or actions of any kind against the Employer with any federal, state, or local court or government
or administrative agency;

 

(b)
has not made any claims or allegations to the Employer related to sexual harassment, sex discrimination, or sexual abuse, and that none
of the payments set forth in this Agreement are related to sexual harassment, sex discrimination, or sexual abuse;

 

(c)
has been properly paid for all hours worked for the Employer;

 

(d)
has received all wages, salary, commissions, bonuses, and other compensation due to the Employee, including the Employee’s final
paycheck for wages and any accrued but unused paid time off and vacation through and including the Separation Date; and

 

(e)
has not engaged in and is not aware of any unlawful conduct relating to the business of the Employer.

 

If
any of these statements is not true, the Employee cannot sign this Agreement and must notify the Employer immediately in writing of the
statements that are not true. This notice will not automatically disqualify the Employee from receiving the benefits offered in this
Agreement, but will require the Employer’s further review and consideration.

 

3.
Separation Benefits.
As consideration for the Employee’s execution of, non-revocation of, and compliance with this Agreement, including the Employee’s
waiver and release of claims in Section 4 and other post-termination obligations, the Employer agrees to provide the following benefits
to which the Employee is not otherwise entitled:

 

(a)
a lump sum payment of FIFTY THOUSAND DOLLARS ($50,000), less all relevant taxes and other withholdings, which shall be paid within ten
(10) business days following the Effective Date (defined below);

 

    	 

    	 

    

 

The
Employee understands, acknowledges, and agrees that these benefits exceed what the Employee is otherwise entitled to receive on separation
from employment, and that these benefits are being given as consideration in exchange for executing this Agreement, including the general
release and restrictive covenants contained in it. The Employee further acknowledges that the Employee is not entitled to any additional
payment or consideration not specifically referenced in this Agreement. Nothing in this Agreement shall be deemed or construed as an
express or implied policy or practice of the Employer to provide these or other benefits to any individuals other than the Employee.

 

4.
Release.

 

(a)
Employee’s General Release and Waiver of Claims

 

In
exchange for the consideration provided in this Agreement, the Employee and the Employee’s heirs, executors, representatives, administrators,
agents, insurers, and assigns (collectively, the “Releasors”) irrevocably and unconditionally fully and forever waive,
release, and discharge the Employer, including the Employer’s parents, subsidiaries, affiliates, predecessors, successors, and
assigns, and each of its and their respective officers, directors, employees, shareholders, trustees, and partners, in their corporate
and individual capacities (collectively, the “Released Parties”), from any and all claims, demands, actions, causes
of actions, judgments, rights, fees, damages, debts, obligations, liabilities, and expenses (inclusive of attorneys’ fees) of any
kind whatsoever, whether known or unknown (collectively, “Claims”), that the Releasors may have or have ever had against
the Released Parties, or any of them, arising out of, or in any way related to the Employee’s hire, benefits, employment, termination,
or separation from employment with the Employer by reason of any actual or alleged act, omission, transaction, practice, conduct, occurrence,
or other matter from the beginning of time up to and including the date of the Employee’s execution of this Agreement, including
but not limited to:

 

(i)
any and all claims under Title VII of the Civil Rights Act of 1964 (Title VII), the Americans with Disabilities Act (ADA), the Family
and Medical Leave Act (FMLA) (regarding existing but not prospective claims), the Fair Labor Standards Act (FLSA), the Equal Pay Act,
the Employee Retirement Income Security Act (ERISA) (regarding unvested benefits), the Civil Rights Act of 1991, Section 1981 of U.S.C.
Title 42, the Fair Credit Reporting Act (FCRA), the Worker Adjustment and Retraining Notification (WARN) Act, the National Labor Relations
Act (NLRA), the Age Discrimination in Employment Act (ADEA), the Uniform Services Employment and Reemployment Rights Act (USERRA), the
Genetic Information Nondiscrimination Act (GINA), the Immigration Reform and Control Act (IRCA), the California Fair Employment and Housing
Act (FEHA), the California Labor Code, the California Constitution, and the California Family Rights Act (CFRA), and California’s
New Parent Leave Act (NPLA), all including any amendments and their respective implementing regulations, and any other federal, state,
local, or foreign law (statutory, regulatory, or otherwise) that may be legally waived and released; however, the identification of specific
statutes is for purposes of example only, and the omission of any specific statute or law shall not limit the scope of this general release
in any manner;

 

(ii)
any and all claims arising under tort, contract, and quasi-contract law, including but not limited to claims of breach of an express
or implied contract, wrongful or retaliatory discharge, fraud, defamation, negligent or intentional infliction of emotional distress,
tortious interference with a contract or prospective business advantage, breach of the implied covenant of good faith and fair dealing,
promissory estoppel, detrimental reliance, invasion of privacy, false imprisonment, nonphysical injury, personal injury or sickness,
or any other harm;

 

(iii)
any and all claims for compensation of any type whatsoever, including but not limited to claims for wages, salary, bonuses, commissions,
incentive compensation, vacation, sick pay, and severance that may be legally waived and released; and

 

(iv)
any and all claims for monetary or equitable relief, including but not limited to attorneys’ fees, back pay, front pay, reinstatement,
experts’ fees, medical fees or expenses, costs and disbursements, punitive damages, liquidated damages, and penalties ; and

 

(v)
indemnification rights the Employee has against the Employer.

 

    	 

    	 

    

 

However,
this general release and waiver of claims excludes, and the Employee does not waive, release, or discharge (A) any right to file an administrative
charge or complaint with, or testify, assist, or participate in an investigation, hearing, or proceeding conducted by, the Equal Employment
Opportunity Commission, the California Department of Fair Employment and Housing, or other similar federal, state, or local administrative
agencies, although the Employee waives any right to monetary relief related to any filed charge or administrative complaint; and (B)
claims that cannot be waived by law, such as claims for unemployment benefit rights and workers’ compensation; and (C) any right
to file an unfair labor practice charge under the National Labor Relations Act or the Employee’s rights under a collective bargaining
agreement without processes; (D) protections against retaliation under the Taxpayer First Act (26 U.S.C. § 2623(d)); and (E) any
rights to vested benefits, such as pension or retirement benefits, the rights to which are governed by the terms of the applicable plan
documents and award agreements.

 

If
the Employee applies for unemployment benefits, the Employer shall not actively contest it. However, the Employer will respond truthfully,
completely, and timely to any inquiries by the Employment Development Department concerning the termination of the Employee’s employment.

 

(b)
Waiver of California Civil Code Section 1542

 

This
Agreement is intended to be effective as a general release of and bar to all claims as stated in this Section. Accordingly, the Releasors
specifically waive all rights under California Civil Code Section 1542, which states, “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT,
IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.” The Employee acknowledges
that the Employee may later discover claims or facts in addition to or different from those which the Employee now knows or believes
to exist with regards to the subject matter of this Agreement, and which, if known or suspected at the time of executing this Agreement,
may have materially affected its terms. Nevertheless, the Releasors waive any and all Claims that might arise as a result of such different
or additional claims or facts.

 

5.
Knowing and Voluntary Acknowledgment.
The Employee specifically agrees and acknowledges that:

 

(a)
the Employee has read this Agreement in its entirety and understands all of its terms;

 

(b)
by this Agreement, the Employee has been advised to consult with an attorney before executing this Agreement;

 

(c)
the Employee knowingly, freely, and voluntarily assents to all of this Agreement’s terms and conditions including, without limitation,
the waiver, release, and covenants contained in it;

 

(d)
the Employee is signing this Agreement, including the waiver and release, in exchange for good and valuable consideration in addition
to anything of value to which the Employee is otherwise entitled;

 

(e)
the Employee is not waiving or releasing rights or claims that may arise after the Employee signs this Agreement; and

 

(f)
the Employee understands that the waiver and release
in this Agreement is being requested in connection with the Employee’s separation of employment from the Employer.

 

    	 

    	 

    

 

The
Employee further acknowledges that the Employee is waiving and releasing claims under the Age Discrimination in Employment Act (ADEA),
as amended, and has had 21 days to consider the terms of this Agreement and consult with an attorney of the Employee’s choice,
although the Employee may sign it sooner if desired and changes to this Agreement, whether material or immaterial, do not restart the
21-day period. Further, the Employee acknowledges that the Employee shall have an additional seven (7) days from signing this Agreement
to revoke consent to the Employee’s release of claims under the ADEA by delivering notice of revocation to: NuZee, Inc., [***], Attn: Masateru Higashida and Shana Bradley, and a copy via email to [***] before the
end of the seven-day period. In the event of a revocation by the Employee, this Agreement shall be null and void in its entirety.

 

Effective
Date. This Agreement shall not become effective until the eighth (8th) day after the Employee signs, without revoking, this Agreement
(“Effective Date”). No payments due to the Employee under this Agreement shall be made or begin before the Effective
Date.

 

6.
Post-Termination Obligations and
Restrictive Covenants.

 

(a)
Acknowledgment

 

The
Employee understands and acknowledges that by virtue of the Employee’s employment with the Employer, the Employee had access to
and knowledge of Confidential Information, was in a position of trust and confidence with the Employer, and benefitted from the Employer’s
goodwill. The Employee understands and acknowledges that the Employer invested significant time and expense in developing the Confidential
Information and goodwill.

 

The
Employee further understands and acknowledges that the restrictive covenants below are necessary to protect the Employer’s legitimate
business interests in its Confidential Information and goodwill and in the Employee’s unique, special, or extraordinary services.
The Employee further understands and acknowledges that the Employer’s ability to reserve these for the exclusive knowledge and
use of the Employer is of great competitive importance and commercial value to the Employer and that the Employer would be irreparably
harmed if the Employee violates the restrictive covenants below.

 

(b)
Confidential Information

 

The
Employee understands and acknowledges that during the course of employment with the Employer, the Employee has had access to and learned
about confidential, secret, and proprietary documents, materials, and other information, in tangible and intangible form, of and relating
to the Employer and its businesses and existing and prospective customers, suppliers, investors, and other associated third parties (“Confidential
Information”). The Employee further understands and acknowledges that this Confidential Information and the Employer’s
ability to reserve it for the exclusive knowledge and use of the Employer is of great competitive importance and commercial value to
the Employer, and that improper use or disclosure of the Confidential Information by the Employee may cause the Employer to incur financial
costs, loss of business advantage, liability under confidentiality agreements with third parties, civil damages, and criminal penalties.

 

For
purposes of this Agreement, Confidential Information includes, but is not limited to, all information not generally known to the public,
in spoken, printed, electronic, or any other form or medium, relating directly or indirectly to: business processes, practices, methods,
policies, plans, publications, documents, research, operations, services, strategies, techniques, agreements, contracts, terms of agreements,
transactions, potential transactions, negotiations, pending negotiations, know-how, trade secrets, computer programs, computer software,
applications, operating systems, software design, web design, work-in-process, databases, device configurations, embedded data, compilations,
metadata, algorithms, technologies, manuals, records, articles, systems, material, sources of material, supplier information, vendor
information, financial information, results, accounting information, accounting records, legal information, marketing information, advertising
information, pricing information, credit information, design information, payroll information, staffing information, personnel information,
employee lists, supplier lists, vendor lists, developments, reports, internal controls, security procedures, graphics, drawings, sketches,
market studies, sales information, revenue, costs, formulae, notes, communications, product plans, designs, styles, models, ideas, audiovisual
programs, inventions, unpublished patent applications, original works of authorship, discoveries, experimental processes, experimental
results, specifications, customer information, customer lists, client information, client lists, manufacturing information, factory lists,
distributor lists, and buyer lists of the Employer or its businesses or any existing or prospective customer, supplier, investor, or
other associated third party, or of any other person or entity that has entrusted information to the Employer in confidence.

 

    	 

    	 

    

 

The
Employee understands that the above list is not exhaustive, and that Confidential Information also includes other information that is
marked or otherwise identified or treated as confidential or proprietary, or that would otherwise appear to a reasonable person to be
confidential or proprietary in the context and circumstances in which the information is known or used.

 

The
Employee understands and agrees that Confidential Information developed by the Employee in the course of the Employee’s employment
by the Employer is subject to the terms and conditions of this Agreement as if the Employer furnished the same Confidential Information
to the Employee in the first instance. Confidential Information shall not include information that is generally available to and known
by the public at the time of disclosure to the Employee, provided that the disclosure is through no direct or indirect fault of the Employee
or person(s) acting on the Employee’s behalf.

 

(c)
Disclosure and Use Restrictions.

 

(i)
Employee Covenants. The Employee agrees and covenants:

 

(A)
to treat all Confidential Information as strictly confidential;

 

(B)
not to directly or indirectly disclose, publish, communicate, or make available Confidential Information, or allow it to be disclosed,
published, communicated, or made available, in whole or part, to any entity or person whatsoever (including other employees of the Employer)
not having a need to know and authority to know and use the Confidential Information in connection with the business of the Employer
and, in any event, not to anyone outside of the direct employ of the Employer except with the prior consent of an authorized officer
acting on behalf of the Employer in each instance (and then, such disclosure shall be made only within the limits and to the extent of
such duties or consent); and

 

(C)
not to access or use any Confidential Information, and not to copy any documents, records, files, media, or other resources containing
any Confidential Information, or remove any such documents, records, files, media, or other resources from the premises or control of
the Employer, except as allowed by applicable law or with the prior written consent of an authorized officer acting on behalf of the
Employer (and then, such disclosure shall be made only within the limits and to the extent of such law, or consent).

 

The
Employee understands and acknowledges that the Employee’s obligations under this Agreement regarding any particular Confidential
Information begin immediately and shall continue after the Employee’s employment by the Employer until the Confidential Information
has become public knowledge other than as a result of the Employee’s breach of this Agreement or a breach by those acting in concert
with the Employee or on the Employee’s behalf.

 

(ii)
Permitted Disclosures. Nothing in this Agreement shall be construed to prevent disclosure of Confidential Information as may be required
by applicable law or regulation, or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency,
provided that the disclosure does not exceed the extent of disclosure required by such law, regulation, or order.

 

Nothing
in this Agreement prohibits or restricts the Employee (or the Employee’s attorney) from initiating communications directly with,
responding to an inquiry from, or providing testimony before the Securities and Exchange Commission (SEC), the Financial Industry Regulatory
Authority (FINRA), any other self-regulatory organization, or any other federal or state regulatory authority regarding this Agreement
or its underlying facts or circumstances or a possible securities law violation.

 

    	 

    	 

    

 

Nothing
in this Agreement in any way prohibits or is intended to restrict or impede the Employee from exercising protected rights to the extent
that such rights cannot be waived by agreement, or otherwise disclosing information as permitted by law.

 

Nothing
in this Agreement in any way prohibits or is intended to restrict or impede the Employee from discussing or disclosing information about
unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Employee has reason to believe is unlawful.

 

(iii)
Notice of Immunity Under the Defend Trade Secrets Act of 2016. Notwithstanding any other provision of this Agreement:

 

(A)
The Employee will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade
secret that is made: (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney,
and solely for the purpose of reporting or investigating a suspected violation of law; or (2) in a complaint or other document that is
filed under seal in a lawsuit or other proceeding.

 

(B)
If the Employee files a lawsuit for retaliation by the Employer for reporting a suspected violation of law, the Employee may disclose
the Employer’s trade secrets to the Employee’s attorney and use the trade secret information in the court proceeding if the
Employee: (1) files any document containing the trade secret under seal; and (2) does not disclose the trade secret, except pursuant
to court order.

 

7.
Non-Disparagement. The
Parties each agree and covenant that neither Party shall at any time make, publish, or communicate to any person or entity or in any
public forum any defamatory, or maliciously false, or disparaging remarks, comments, or statements concerning the other, or any of its
employees, officers, or directors, and its existing and prospective customers, suppliers, investors, and other associated third parties,
as applicable, now or in the future.

 

This
Section does not, in any way, restrict or impede the Employee from exercising protected rights, including rights under California law
or the National Labor Relations Act (NLRA), to the extent that such rights cannot be waived by agreement or from complying with any applicable
law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance
does not exceed that required by the law, regulation, or order. Nothing in this Agreement in any way prohibits or is intended to restrict
or impede the Employee from discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination
or any other conduct that Employee has reason to believe is unlawful.

 

8.
Confidentiality of Agreement.
The Employee agrees and covenants that the Employee shall not disclose any of the negotiations of, terms of, or amount paid under this
Agreement to any individual or entity; provided, however, that the Employee will not be prohibited from making disclosures to the Employee’s
spouse or domestic partner, attorney, or tax advisors, or as may be required by law.

 

This
Section does not in any way restrict or impede the Employee from exercising protected rights to the extent that such rights cannot be
waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or
an authorized government agency, provided that such compliance does not exceed that required by the law, regulation, or order. Nothing
in this Agreement in any way prohibits or is intended to restrict or impede the Employee from discussing or disclosing information about
unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Employee has reason to believe is unlawful.

 

    	 

    	 

    

 

9.
Remedies. In the event
of a breach or threatened breach by the Employee of any provision/Sections 5, 6, 7, or 8 of this Agreement, the Employee hereby consents
and agrees that money damages would not afford an adequate remedy and that the Employer shall be entitled to seek a temporary or permanent
injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, without the necessity
of showing any actual damages, and without the necessity of posting any bond or other security. Any equitable relief shall be in addition
to, not in lieu of, legal remedies, monetary damages, or other available relief.

 

If
the Employee fails to comply with any of the terms of this Agreement or post-employment obligations contained in it, the Employer may,
in addition to any other available remedies, reclaim any amounts paid to the Employee under the provisions of this Agreement and, without
waiving the releases provided in it.

 

The
Parties mutually agree that this Agreement can be specifically enforced in court and can be cited as evidence in legal proceedings alleging
breach of the Agreement.

 

10.
Successors and Assigns.

 

(a)
Assignment by the Employer

 

The
Employer may freely assign this Agreement at any time. This Agreement shall inure to the benefit of the Employer and its successors and
assigns.

 

(b)
No Assignment by the Employee

 

The
Employee may not assign this Agreement in whole or in part. Any purported assignment by the Employee shall be null and void from the
initial date of the purported assignment.

 

11.
Governing Law, Jurisdiction, and Venue.
This Agreement and all matters arising out of or relating to this Agreement, whether sounding in contract, tort, or statute, for all
purposes shall be governed by and construed in accordance with the laws of California (including its statutes of limitations) without
regard to any conflicts of laws principles that would require the laws of any other jurisdiction to apply. Any action or proceeding by
either of the Parties to enforce this Agreement shall be brought only in any state or federal court located in the state of California,
county of Los Angeles. The Parties irrevocably submit to the exclusive jurisdiction of these courts and waive the defense of inconvenient
forum to the maintenance of any action or proceeding in such venue.

 

12.
Entire Agreement. The
Company and Employee previously entered into that certain Employment Agreement dated April 14, 2021 (the “Prior Agreement”).
Except with the respect to the Sections 6, 7, 12, 13, and 14 of the Prior Agreement, which shall survive, such Prior Agreement is
terminated in all respects. Unless specifically provided herein, this Agreement contains all of the understandings and representations
between the Employer and the Employee relating to the subject matter in this Agreement and supersedes all prior and contemporaneous understandings,
discussions, agreements, representations, and warranties, both written and oral, regarding such subject matter, including, without limitation,
in the event of a conflict between the Prior Agreement and this Agreement. The Parties mutually agree that this Agreement can be specifically
enforced in court and can be cited as evidence in legal proceedings alleging breach of the Agreement.

 

13.
Modification and Waiver.
No provision of this Agreement may be amended or modified unless the amendment or modification is agreed to in writing and signed by
the Employee and by the Chief Executive or Chief Financial Officer of the Employer. No waiver by either Party of any breach by any other
Party of any condition or provision of this Agreement to be performed by any other party shall be deemed a waiver of any similar or dissimilar
provision or condition at the same or any prior or subsequent time, nor shall the failure of or delay by either Party in exercising any
right, power, or privilege under this Agreement operate as a waiver to preclude any other or further exercise thereof or the exercise
of any other such right, power, or privilege.

 

    	 

    	 

    

 

14.
Severability.
If any provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect,
or enforceable only if modified, such finding shall not affect the validity of the remainder of this Agreement, which shall remain in
full force and effect and continue to be binding on the Parties.

 

The
Parties further agree that any such court is expressly authorized to modify any such invalid, illegal, or unenforceable provision of
this Agreement instead of severing the provision from this Agreement in its entirety, whether by rewriting, deleting, or adding to the
offending provision, or by making such other modifications as it deems necessary to carry out the intent and agreement of the Parties
as embodied in this Agreement to the maximum extent permitted by law. Any such modification shall become a part of and treated as though
originally set forth in this Agreement. If such provision or provisions are not modified, this Agreement shall be construed as if such
invalid, illegal, or unenforceable provisions had not been set forth in it. The Parties expressly agree that this Agreement as so modified
by the court shall be binding on and enforceable against each of them.

 

15.
Interpretation.
Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience, and no provision of this
Agreement is to be construed by reference to the caption or heading of any section or paragraph. This Agreement shall not be construed
against either Party as the author or drafter of the Agreement.

 

16.
Counterparts.
The Parties may execute this Agreement in counterparts, each of which shall be deemed an original, and all of which taken together shall
constitute one and the same instrument. Delivery of an executed counterparts signature page of this Agreement by email or by any other
electronic means intended to preserve the original graphic and pictorial appearance of a document, has the same effect as delivery of
an executed original of this Agreement.

 

17.
No Admission of Liability.
Nothing in this Agreement shall be construed as an admission by the Employer of any wrongdoing, liability, or noncompliance with any
federal, state, city, or local rule, ordinance, statute, common law, or other legal obligation. The Employer specifically disclaims and
denies any wrongdoing or liability to the Employee.

 

18.
Attorneys’ Fees and Costs.
If the Employee breaches any terms of this Agreement or the post-termination obligations referenced in it, to the extent authorized by
California law, the Employee will be responsible for payment of all reasonable attorneys’ fees and costs that Employer incurred
in the course of enforcing the terms of this Agreement, including demonstrating the existence of a breach and any other contract enforcement
efforts.

 

19.
Section 409A.
This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (Section 409A), including the
exceptions thereto, and shall be construed and administered in accordance with such intent. Notwithstanding any other provision of this
Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an
applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary
separation from service, as a short-term deferral, or as a settlement payment pursuant to a bona fide legal dispute shall be excluded
from Section 409A to the maximum extent possible. For purposes of Section 409A, any installment payments provided under this Agreement
shall each be treated as a separate payment. To the extent required under Section 409A, any payments to be made under this Agreement
in connection with a termination of employment shall only be made if such termination constitutes a “separation from service”
under Section 409A. Notwithstanding the foregoing, Employer makes no representations that the payments and benefits provided under this
Agreement comply with Section 409A and in no event shall Employer be liable for all or any portion of any taxes, penalties, interest,
or other expenses that may be incurred by Employee on account of non-compliance with Section 409A.

 

20.
Acknowledgment of Full Understanding.
THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE EMPLOYEE HAS FULLY READ, UNDERSTANDS, AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. THE EMPLOYEE
ACKNOWLEDGES AND AGREES THAT THE EMPLOYEE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF THE EMPLOYEE’S
CHOICE BEFORE SIGNING THIS AGREEMENT. THE EMPLOYEE FURTHER ACKNOWLEDGES THAT THE EMPLOYEE’S SIGNATURE BELOW IS AN AGREEMENT TO
RELEASE THE EMPLOYER FROM ANY AND ALL CLAIMS THAT CAN BE RELEASED AS A MATTER OF LAW.

 

[signature
page follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the Execution Date above.

 

	 	 	 	NuZee,
    Inc. 
	 	 	 	 	 
	 	 	 	By:	/s/
    Masateru Higashida
	 	 	 	Name:	Masateru
    Higashida
	 	 	 	Title:	CEO
	 	 	 	 	 
	Tomoko
    Toyota	 	 	 
	Signature:	/s/
    Tomoko Toyota	 	 	 
	Print
    Name:	Tomoko
    Toyota

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