Document:

CONSULTING AGREEMENT

 

THIS AGREEMENT made as of the 27
day of July 2012.

 

BETWEEN:

 

SONORO ENERGY LTD., a company
incorporated under the laws of the Province of British Columbia and having an office at 1000, 600-6th Ave SW, Calgary,
Alberta

 

(the “Consultant”)

 

AND:

 

PETROSONIC ENERGY, INC.,
a body corporate carrying on business in Nevada, U.S.A.

 

(the “Company”)

 

WHEREAS:

 

		A.	The Consultant is a reporting issuer in certain provinces of Canada whose common shares are listed
on the TSX Venture Exchange (the “Exchange”);

 

		B.	The Company is engaged in the development and commercialization of heavy oil upgrading and related
technologies;

 

		C.	The Consultant possesses certain technical, engineering and industry expertise, knowledge and skill
related to the heavy oil upgrading technology which Company has purchased from the Consultant and such skills would benefit the
Company;

 

		D.	The Company wishes to engage the services of the Consultant to carry out and provide ongoing technical
support services to the Company to enable the Company to assemble the equipment and technology purchased from the Consultant, and
achieve among other things, the business objectives and work program in Albania as specified herein subject to the terms and conditions
set forth in this Agreement; and

 

		E.	The Consultant has agreed to enter into this Agreement for the purpose of adhering to certain covenants.

 

NOW THEREFORE in consideration of
the terms and conditions herein contained, the parties covenant and agree as follows:

 

Article
1

 

Engagement

 

		1.1	Subject to the terms and conditions set out herein, the Company hereby engages the Consultant to
make certain employees available on a part-time basis to provide ongoing technical support to the Company (the “Services”)
during the Term (as hereinafter defined).

 

    	 

    	 

    

 

		1.2	The Company and the Consultant acknowledge and agree that Claudio Arato and Travis Janke will be
the individuals responsible for carrying out the Services on behalf of the Consultant (the “Consultant Employees”).

 

		1.3	The Services are to be defined and agreed upon such that the Consultant provides guidance for the
Company to achieve its stated objectives as per Clause 1.4 below.

 

Commitment

 

		1.4	The Consultant shall, during the Term:

 

		(a)	make available the Consultant Employees on a part-time basis provided that the Company has provided
reasonable notice that it requires the Consultant Employees to perform the Services;

 

		(b)	well and faithfully serve the Company as per Clause 1.5 ; and

 

Standard of Care

 

		1.5	The Consultant undertakes to the Company that the Consultant Employees shall at all times during
the Term:

 

		(a)	exercise professional standard of care, skill and judgment customary to industry standards that
would be expected of a consultant of equivalent or similar standing in an organization comparable to the Company;

 

		(b)	have the skill, expertise and capabilities necessary to effectively perform the Services under
this Agreement;

 

		(c)	perform the Services hereunder in an ethical, effective, professional and businesslike manner;
and

 

		(d)	carry out the Services in compliance with all applicable laws and regulations to which the Company
is subject.

 

    	- 2 -

    	 

    

 

Responsibility for Services

 

		1.6	The Consultant shall coordinate with the Company to decide the manner and method in which the Services
are to be performed and shall report to and act at the reasonable direction of the Chief Executive Officer of the Company or any
other officer of the Company to whom authority has been delegated by the Chief Executive Officer.

 

Article
2

 

Term

 

		2.1	Subject to the provisions on earlier termination of this Agreement contained herein, the term of
this Agreement will be for a period of one (1) year effective from July 27, 2012 (the “Effective Date”) and
ending at 11:59 p.m. (Mountain time) on the day immediately preceding the first anniversary of the Effective Date (the “Term”).

 

Article
3

 

Compensation

 

		3.1	The Consultant shall pay the costs of: (i) one (1) round-trip airfare from Calgary, Alberta to
Albania for the Consultant Employees (the “Initial Flight”); and (ii) the Consultant Employees’ salaries for
the first thirty (30) days (the “First Month”) required for the assembly of the equipment in Albania.

 

		3.2	The Company shall reimburse the Consultant, on a month-to-month basis, for the salaries of the
Consultant Employees for any time after the First Month during which the Consultant Employees provide Services to the Company.

 

		3.3	The Company shall also reimburse the Consultant for the costs of: (i) the Consultant Employees’
travel to and from Albania other than the Initial Flight; and (ii) lodging, food and ground transportation for the Consultant Employees
while in Albania including such costs for the First Month.

 

Goods and Services Tax

 

		3.4	The Company agrees to pay to the Consultant applicable goods and services taxes (the “GST”)
in respect of the performance of the Services under this Agreement.

 

Expenses and Disbursements

 

		3.5	The Company shall reimburse the Consultant for all reasonable travel and other business expenses
actually and properly incurred by the Consultant Employees in connection with the Services hereunder provided that with respect
to all such expenses the Consultant Employees shall furnish proper statements, vouchers and receipts to the Company within a reasonable
period of time from the date the expense was incurred.

 

    	- 3 -

    	 

    

 

Invoices

 

		3.6	The Consultant shall provide an invoice to the Company setting out the amounts payable by the Company
under Sections 3.2 and 3.5 which the Company shall pay upon receipt.

 

Article
4

RELATIONSHIP

 

Independent Contractor

 

		4.1	The Consultant and the Consultant Employees shall perform the Services pursuant to this Agreement
as independent contractors, and nothing in this Agreement shall be construed as creating an employment or partnership relationship
between the Company and the Consultant or Consultant Employees. The Consultant acknowledges that it is responsible for remitting
its own taxes and any contributions required by law to be remitted and that the Company shall have no responsibility in respect
of any failure by the Consultant to properly remit such amounts when due and the Consultant agrees to indemnify and save the Company
harmless from and against any and all assessments, losses or penalties actually incurred by the Company in respect of any unpaid
taxes by the Consultant which are charged back to the Company.

 

Article
5

 

Termination

 

		5.1	Either party may terminate this Agreement at any time on giving one month (1) prior notice in writing
to the other party of the effective date of such termination.

 

Termination For Other Reasons

 

		5.2	Either party (a “Non-Defaulting Party”) may also terminate this Agreement immediately
upon the happening of any of the following events:

 

		(a)	the other party (the “Defaulting Party”) committing an act of fraud, dishonesty,
gross malfeasance or wilful neglect of duty which is reasonably likely to cause, directly or indirectly, material injury or damage
to the Non-Defaulting Party or its reputation or goodwill or which resulted or was intended to result in direct or indirect gain
to or personal enrichment of such Defaulting Party; or

 

		(b)	the Company has a judicial manager, receiver, manager or receiver and manager appointed of the
whole or substantially the whole of its assets, becomes bankrupt or makes any arrangement, proposal or composition with its creditors,
or a resolution is passed or an order is made for the winding up or liquidation of the Company.

 

No Prejudice

 

		5.3	The termination of this Agreement shall be without prejudice to any rights or obligations of any
of the parties hereto which shall have accrued prior to such termination and shall not destroy or diminish or affect any of the
provisions of this Agreement which expressly or by implication come into force upon or continue in force after such termination.

 

    	- 4 -

    	 

    

 

Article
6

 

Indemnification of Consultant

 

		6.1	The Company agrees to indemnify and hold harmless the Consultant and the Consultant Employees against
any losses (other than consequential losses or loss of profit), claims, damages, liabilities and/or expenses (including any legal
or other expenses reasonably incurred in responding to or defending any action or claim in respect thereof) to which the Consultant
or the Consultant Employees may become subject under the applicable legislation because of the actions of the Company or its agents
and such indemnity shall survive any termination or expiration of this Agreement, provided however that this indemnity shall not
extend to any losses, claims, damages, liability and/or expenses which the Consultant becomes subject in connection with any acts
or omissions of the Consultant in breach of its respective duties, obligations and covenants under this Agreement or resulting
from the gross negligence, wilful misconduct, illegality or fraud of the Consultant.

 

Article
7

GENERAL PROVISIONS

 

Notices

 

		7.1	All notices, requests, demands and other communications hereunder shall be in writing and shall
be deemed to have been duly given if delivered by hand or telecopied addressed as follows:

 

If to the Company:

 

Petrosonic Energy, Inc.

 

57 Valley Woods Way NW

Calgary, AB, T3B 6A5

Attention:      Art Agolli

Fax No.:         (403) 441 6919

 

    	- 5 -

    	 

    

 

with a copy to:

 

Merani Reimer LLP

Barristers & Solicitors

Suite 204, 205-9th Avenue S.E.

Calgary, Alberta, T2G 0R3

 

Attention:     Ashif S. Merani

Fax No:        (403) 398-0220

Tel:               (403) 261-7006

Email:          ashif@meranireimer.com

 

If to the Consultant:

 

Sonoro Energy Ltd.

Suite 1000, 600 – 6th Avenue S.W.

Calgary, Alberta T2P 0S5

 

		Attention:	David A. Little,

CFO

Fax No.:        1
(888) 774-3858

		Tel:	(403) 262-3252

		Email:	dlittle@sonoroenergy.com

 

with a copy to:

 

Goodmans

Suite 1900, 355 Burrard Street

Vancouver, BC V6C 2G8

 

Attention:      Mr. David Redford

Fax No.:         (604) 682-7131

 

or to such other address or telecopier
number as may be given in writing by the parties and shall be deemed to have been received, if delivered by hand, on the date of
delivery and if telecopied to the telecopier numbers set out above, on the business day next following the date of transmission.

 

Time of Essence

 

		7.2	Time is hereby expressly made of the essence of this Agreement with respect to the performance
by the parties of their respective obligations under this Agreement.

 

Binding Effect

 

		7.3	This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective
successors and permitted assigns.

 

    	- 6 -

    	 

    

 

Further Assurances

 

		7.4	Each of the parties hereto covenants and agrees to execute such further and other documents and
instruments and do such further and other things as may be necessary or desirable to implement and carry out the intent of this
Agreement.

 

Assignment

 

		7.5	This Agreement may not be assigned in whole or in part by either party without the prior written
consent of the other party.

 

Amendments

 

		7.6	No amendment to this Agreement shall be valid unless it is evidenced by a written agreement executed
by all of the parties hereto.

 

Waiver

 

		7.7	Any waiver by either party of a breach of provision herein shall not be construed as a waiver of
any subsequent breach.

 

Governing Law

 

		7.8	This Agreement and all matters arising hereunder shall be governed by, construed and enforced in
accordance with the laws of the province of Alberta and the federal laws of Canada applicable therein.

 

Severability of Clauses

 

		7.9	In the event that any provision of this Agreement or any part thereof is invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Independent Legal Advice

 

		7.10	Each party to this Agreement represents and warrants to each other party that such party has read
and fully understands the terms and provisions hereof, has had an opportunity to review this Agreement with legal counsel, and
has executed this Agreement based upon such party's own judgment and advice of independent legal counsel (if sought).

 

Currency

 

		7.11	All sums of money to be paid or calculated pursuant to this Agreement shall be paid or calculated
in the currency of Canada unless otherwise expressly stated.

 

    	- 7 -

    	 

    

 

Captions and Section Numbers

 

		7.12	The headings and section references in this Agreement are for convenience of reference only and
do not form a part of this Agreement and are not intended to interpret, define or limit the scope, extent or intent of this Agreement
or any provision thereof.

 

Counterparts

 

		7.13	This Agreement may be executed in two or more counterparts, and delivered by fax or PDF email attachment,
each of which will be deemed to be an original and all of which will constitute one agreement, effective as of the reference date
given above.

 

IN WITNESS
WHEREOF the parties hereto have executed this Agreement on the day and year first above written.

 

	PETROSONIC ENERGY, INC.	 	SONORO ENERGY LTD.
	 	 	 
	Per:	/s/ Art Agolli	 	Per:	/s/ David Little
	 	Authorized Signatory	 	 	Authorized Signatory

 

    	- 8 -REPUBLIC OF ALBANIA

CHAMBER OF NOTARIES OF TIRANA

REP. _______________No.

KOL. _______________No.

 

 

SHARE SALE CONTRACT

 

Today, on July 27, 2012, in front of, the
notary public _____________________________________ a member of the Chamber of Notaries Tirana, located at ______________________________________,
were presented the following parties :

 

THE SELLER:

  

The
company “SONORO ENERGY LTD”, a legal entity registered under the laws of British Columbia, with headquarters
in 1900-355 Burrard Street, Vancouver BC, V6C, 2G8, Canada, with registration number BC0600692, dated 04 February 2000, represented
by decision Board of Directors of the Company by David Little, a shareholder holding 60.000 shares of the company "PETROSONIC
ALBANIA" SHA capital, which is a company of the Albanian law, with headquarters in Tirana, in “Ismail Qemali Street”,
p.27/1, sh.2, ap.13, with personal Tax Identification Number L01726011S, (hereinafter
to be called the seller).

 

THE PURCHASER

 

“PETROSONIC
ENERGY, INC.” a legal entity registered under the laws of Nevada, with headqurters in 1802 N.
Carson Street, Suite 212, Carson City, Nevada 8970, and Registration No. C20120426-0978, dated 11.06.2008, represented under the
decision of the Board of Directors of the Company by Mr. Art Agolli, (hereinafter to be called the Purchaser)

 

In this contract the seller and the purchaser
it will be referred to collectively as "Parties" and individually as "Party".

 

The Parties desire and are willing to enter
into this share sale contract as follows:

 

Article 1

 

Object of the contract

 

The object of this contract is the expressed
will of the parties, under which:

The seller, “Sonoro Energy
Ltd”, which is a shareholder of the company “PETROSONIC ALBANIA” SHA, and legal owner of 60.000 shares
with general value of 156.300.000 Albanian Lek (hereinafter AL), under free, complete and frank will, in accordance with Civil
Code of the Republic of Albania, the Law 9901 dated 14.04.2008 “For Entrepreneurs and Companies”, and the Statute of
the Company, fully transfers these shares to the purchaser “Petrosonic Energy lnc.”,
through sale, under this contract.

 

    	 

    	 

    

 

Sale price

 

The sale price of 60.000 shares that are transfered by the seller
through this contract is 250.000 USD. The purchaser has declared that he has fully paid the above mentioned amount to the seller,
outside this office, and the seller declared to have received the full sale price and also declared that there is no claim.

  

Article 2

 

The seller declares and warrants that he
is the only lawful holder of the shares which will be transferred through this contract in favor of the purchaser, and that they
are free of any charge, or any other right in favor of third parties.

 

The purchaser declares to have assumed
all the rights and obligations of the seller, the right to participate in the company gains, from the following fiscal year.

 

Article 3

 

Statements and warranties of the seller

 

The seller gives the following statements
and warranties: (hereinafter « the statements and warranties of the seller »):

 

		a)	The legal status and authority

 

The seller
is a shareholder, owner of 60.000 shares of the capital of the company « Petrosonic Albania » sha, which
is a company of the Albanian law founded based on the incorporation articles and articles of association dated 24.05.2010 and registered
near the National Registration Center, date 26.05.2010 and Personal Tax Identification Number L01726011S.
This company operates according to the Albanian law and has no liquidation or bankruptcy proceedings initiated by the company or
by third parties. 

 

By signing this Agreement, the Seller undertakes
a valid and enforceable obligation against it in accordance with the terms of this Agreement.

 

Signing and execution of this Agreement
shall not affect any applicable law or regulation and does not violate neither any provision of the incorporation articles and
articles of association, nor the agreement or any other act that weighs on the society or the seller.

 

		b)	The capital

 

The company has no equity participation
in other companies.

 

The administrator of the company for 5
years, who exercises the administration powers according to the statute is Mr. Bendis Husi.

 

		c)	Records, accounting documents and books of the Company.

  

    	 

    	 

    

  

The company has developed accounting documents,
records and books of the Company as provided by law (hereinafter "records, accounting documents and books of the company"),
including the balance of each fiscal year until the date of signing this Agreement, in detail, to reflect the transactions in which
are included the assets.

 

The meetings of the Shareholder Assembly
are held regularly and, for this purpose, the following decisions have been made: (ii) signatures in the registers, accounting
documents and books of the Company cited above; (iii) the records, accounting documents and the company books are updated regularly.

 

The Company has no debit or passive of
any kind which are not included in records, accounting documents and books of the Company.

 

		d)	Funding and Dividends

 

The company has no obligation to pay to
any entity, except for shareholders, any part of its earnings (in any form).

 

		e)	Real estate and movable

 

All assets, as well as movable and immovable
property, owned by the Company (or to which the Company has other rights which are in the context of achieving its goal) are free
of any mortgage, privilege, lien, or any other rights in favor of third parties, except for what is provided in records, accounting
documents and books of the Company.

 

		f)	Contracts

 

Contracts, unilateral acts and other necessary
documents for the operation of the Company, as currently exercised by it, are valid and enforceable. Execution of operations provided
for in this Agreement is not a valid reason for their solution, neither the company, nor the relevant parties are not complying
with the obligations stipulated in the contract in question or have no reason to require certification of non-fulfillment of obligations
by the other party. The company is not bound by any contract pending which may derive greater obligations, which exceed its scope
or the delegated powers of the administrators.

 

		g)	Taxes

 

The company has paid all the tax obligations
prescribed by the tax legislation, has filed timely its income statements, and with these deposits, has paid all taxes, and has
established appropriate reserves for term payments. As vendors are aware, there are not related to tax debit of the Company that
are not regularly reflected in the accounting documents or that were not made known to the competent authorities.

 

		h)	Employees and associates

 

No associate, including those who are not
employees anymore, do not have any claim against the company in relation to termination of employment, and there is no disagreement
that has for object claims to reward care or assistance, submitted by collaborators, charged bodies or other entities.

 

    	 

    	 

    

  

		i)	Judicial disputes

 

The company is not included and is not
part of any judicial disputes, actual or potential, raised in national and foreign courts or before the administrative bodies or
arbitrary colleges, including checks or proceedings that have the object of tax or administrative responsibility.

 

		j)	Laws and by-laws

 

The company has not violated any law and
/ or sub-legal act applicable, including laws and regulations on labor safety, environmental pollution, protection of personal
data and it has acted in accordance with all applicable legislation relating to its activity.

 

		k)	Banking relationships

 

Current accounts are opened at Union Bank,
Tirana.

 

		l)	Financing and Warranties

 

There are no warranties and no funding
associated with the Company.

 

		m)	Administrative permits

 

The company, until the date of signing
this Agreement, is in the process of obtaining all the necessary administrative and functional permits for achieving its object.

 

		n)	Industrial and Intellectual Property Rights

 

The company is the owner of all the necessary
rights of industrial and intellectual property, which are functional for achieving its object.

 

		o)	Integrity of the representations and warranties

 

For as seller is aware, none of his declarations
and assurances in this Agreement will constitute any false statement or inaccuracies that make them false or inaccurate.

 

Article 4

 

Declarations and Warranties of Buyer

 

As relevant to this sale contract and not
jointly and severally, the buyer, gives the following statements and warranties (hereinafter "the statements and warranties
of the Buyer")

 

		a)	violations, and failure effects

 

Signing and execution of the contract by
the buyer does not contradict and is not neither in violation of any law or legal act applicable, nor a judicial measure taken
against him.

 

Article 5

 

Resign of rights

 

The seller declared under his personal
responsibility, that there is no claim against the company and resigns all rights and obligations that belong to the quality of
the shareholder of the company after the signing of this contract.

 

    	 

    	 

    

 

Article 6

 

Applicable law

 

This contract is regulated by the Civil
Code of the Republic of Albania, the law No.9901 dated 14.04.2008 "On Entrepreneurs and Corporations", the law 9723 dated
07.05.2007 "On the National Registry Center."

 

Article 7 

 

Different clauses

 

After the completion of this transfer by
signing this contract, the seller ends completely his ownership of shares in the company "PETROSONIC ALBANIA sha" eventually
being removed from it, while the purchaser becomes the legal owner of 60,000 shares. This contract includes the whole relationship
between the parties and supersedes all the previous agreements regarding its subject. Various changes or repeal of this contract
may be made in writing and must be signed by the parties.

 

This contract was drafted in Albanian and
in English in 4 (four) copies of the same legal value.

 

The parties having understood the contents
of this contract, stating that they agree with the above, and because it expresses their free and full will, is regularly signed
in front of me and I, the notary, prove it by law. 

 

THE PARTIES 

  

	On Behalf of :	 	On Behalf of :
	 	 	 
	Sonoro Energy Ltd	 	Petrosonic Energy, Inc.
	 	 	 
	/s/ David Little	 	/s/ Art Agolli
	 	 	 
	Signature	 	Signature
	 	 	 
	Printed Name :	David Little	 	Printed Name : 	Art Agolli
	 	 	 
	Title : 	Chief Financial Officer 	 	Title : 	President

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