Document:

Exhibit 10.15

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of May 7, 2021, by and between NuZee, Inc., a Nevada Corporation
(the “Company”) and Jose L. Ramirez (“Employee”).

 

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

 

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

 

C.
WHEREAS, the Company now believes it is in the interest of the Company and its shareholders to engage Employee as Chief Sales Officer
and Chief Supply Chain Officer (“CSO”);

 

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 the Chief Sales Officer and Chief Supply Chain Officer (“CSO”),
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 Company’s Vista, California offices. Employee will conduct his 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 his full, exclusive business time, ability
and attention to the business affairs of the Company and shall use his best efforts to perform faithfully and efficiently such responsibilities.

 

    	 

     

    

 

3.
Term of Employment.

 

The
term of this Agreement shall begin effective May 10, 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 him from performing his
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 3.1, 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”).

 

3.2.
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 3.2, 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 COBRA.

 

    	 

     

    

 

3.3.
Termination by Employee. Employee may terminate this Agreement whether for good reason or no reason by giving thirty (30) days
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”). 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 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.

 

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 10, 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 vest upon the third anniversary of the Commencement Date of this Agreement.

 

(b)
Bonus Grant. Not later than May 10, 2021, Employee shall be granted Options to purchase 150,000 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) 30,000 Options shall
vest upon the Company’s achievement of $2.5 million in Adjusted Gross Sales from May 10, 2021 through September 30, 2021; (b) 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); (c) 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); (d) 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); (e) 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); (f) 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 (g) 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).

 

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

 

4.4.
Employee shall accrue fifteen (15) days of vacation during each twelve (12) month period of employment, 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.

 

    	 

     

    

 

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 he will not directly or indirectly, whether
alone or for himself 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.

 

(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 him any trade secrets,
know-how or confidential business information that he may have acquired from others. Accordingly, Employee represents and warrants that
he 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 he will use, describe, demonstrate or divulge or in any other manner make known to the Company during the course
of his employment. Employee represents that he is not bound by any agreement or any other existing or previous business relationship
which conflicts with or prevents the full performance of his duties and obligations to the Company during his course of employment by
Company.

 

9.
Remedies Upon Breach. Employee agrees that any breach of this Agreement by him 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 his employment. The Employee understands that the Employee is an employee subject to termination as set forth
in Paragraph 3 above.

 

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 his 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.

 

    	 

     

    

 

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 Employee, and make audio
and visual recordings of his 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.

 

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, or (c) through a nationally recognized overnight courier, 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

    One
East Washington, Suite 1200

    Phoenix,
AZ 85004 

	 	 
	Employee:	Jose
L. Ramirez

    [***]

 

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

 

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 him 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),
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. 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),
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.

 

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.

 

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. Each party hereto agrees to indemnify the other and hold the other harmless from and against any and all
damages or liability including attorneys’ fees and court costs occasioned by said other party’s breach of any warranty representation
or agreement contained herein.

 

[Signature
page to follow on next page.]

 

    	 

     

    

 

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/
    Jose L. Ramirez
	 	Name:	Jose
    L. Ramirez
	 	Title:	Chief
    Sales Officer and Chief Supply Chain Officer
	 	Last 4 of SSN#: [***]EX-4.1

 Exhibit 4.1 

DEFERRED STOCK UNIT PLAN 

FOR THE MEMBERS OF THE BOARD OF
DIRECTORS 
 OF CGI INC. 

 

	1.	 Definitions 

For the purposes hereof and unless the context otherwise requires: 
  

	 	1.1	 “Board” means the Board of Directors of the Company; 

 

	 	1.2	 “Business Day” means any day on which banks are open for business in the province of Quebec;

  

	 	1.3	 “CGI Fiscal Year” means the 12-month financial reporting
period of the Company; 

  

	 	1.4	 “CGI Shares” means the Class A Subordinate Voting Shares in the share capital of the Company;

  

	 	1.5	 “Committee” means the Human Resources Committee of the Board; 

 

	 	1.6	 “Company” means CGI Inc.; 

 

	 	1.7	 “Deferred Remuneration” means the sum of the Mandatory Portion and of the Voluntary Portion of a
Participant; 

  

	 	1.8	 “Director” means a member of the Board who is not an employee of the Company and who is entitled
to compensation under a resolution of the Board; 

  

	 	1.9	 “DSU Value” means the closing price of the CGI Shares on the TSX on the trading day immediately
preceding the day on which the DSU Value is to be determined; 

  

	 	1.10	 “DSUs” means Deferred Stock Units that are granted from time to time to Participants pursuant to
the provisions of the Plan; 

  

	 	1.11	 “Election Notice” has the meaning given to that expression in Section 5.1;

  

	 	1.12	 “Mandatory Portion” has the meaning given to that expression in Section 4.2;

  

	 	1.13	 “Participant” means a Director who receives DSUs in accordance with the Plan;

  

	 	1.14	 “Plan” means this Deferred Stock Unit Plan for the Members of the Board of Directors of CGI Inc.,
as may be amended from time to time, including any Annex thereto; 

  

	 	1.15	 “Redemption Date” has the meaning given to that expression in Section 7.1;

  

	 	1.16	 “Redemption Request” has the meaning given to that expression in Section 7.1;

  

	 	1.17	 “Termination Date” means, in respect of a Participant, the date on which the Participant ceases to
be a Director of the Company; 

  

	 	1.18	 “Termination Notice” has the meaning given to that expression in Section 5.3;

	 	1.19	 “TSX” means the Toronto Stock Exchange; and 

 

	 	1.20	 “Voluntary Portion” has the meaning given to that expression in Section 4.2.

  

	2.	 Purpose of the Plan 

The Plan has been established to provide for a supplemental form of compensation to the Participants. 

 

	3.	 Administration 

The Plan is governed by the Board. The Committee makes recommendations to the Board in relation to DSU awards under the Plan.
The Board has the ultimate and sole power and authority to approve DSU awards under the Plan and to interpret the terms and conditions of the Plan and DSU awards and to prescribe such rules and regulations and make such other determinations as it
deems necessary or desirable for the administration of the Plan, including, without limitation, the full power and authority to amend the Plan and any DSU awards, subject to Section 15, or adopt annexes to the Plan for any Participant in any
jurisdiction if it considers it necessary or desirable to take account of, mitigate or comply with taxation, securities, exchange control or other applicable laws or regulatory requirements. The Board may also create
sub-plans to the Plan for any of these purposes. The determinations, designations, decisions and interpretations of the Board are binding and final. Management of the Company is responsible for the day-to-day administration of the Plan. 
  

	4.	 Eligibility 

 

	 	4.1	 The Plan first became effective on September 21, 1999 and remained in effect, as amended, until the
Plan was amended and restated, effective as of December 8, 2020. 

  

	 	4.2	 Subject to the conditions set forth herein, each Participant shall receive (i) such amount determined
by the Board from time to time as the portion of the directors’ annual Board retainer fees that must be received in the form of DSUs (the “Mandatory Portion”), and (ii) the remaining portion of such director’s annual Board
retainer fees that the director elects to receive in the form of DSUs (the “Voluntary Portion”). Notwithstanding the foregoing, any Participant may elect to receive the equivalent of his or her Mandatory Portion in cash instead of in DSUs
if (i) the Participant is not a resident of Canada for income tax purposes, (ii) the Participant purchases in the open market the same number of CGI Shares he or she would have received in the form of DSUs, or (iii) the Participant is
otherwise exempted by the Board. 

  

	5.	 Election to Participate 

 

	 	5.1	 Each Director who elects to participate in the Plan in respect of the Voluntary Portion must send a written
notice to that effect (the “Election Notice”) to the Corporate Secretary (or such other person as determined by the Company, and references to the Corporate Secretary shall mean such other designated person) in such form as the Company
shall consider acceptable. If a Director does not wish for the Voluntary Portion to apply to all of his or her retainer fees not covered by the Mandatory Portion, the Director must indicate in the Election Notice the percentage of such retainer fees
to be paid in cash. 

  

	 	5.2	 A Participant’s election under Section 5.1 shall be effective for the CGI Fiscal Year or balance
thereof in respect of which it is made and shall be deemed to apply to all CGI Fiscal Years subsequent to the filing of the Election Notice. If no Election Notice is received, and no prior election is deemed effective, the Participant shall be
deemed not to have elected to participate in the Plan in respect of the Voluntary Portion and the corresponding portion of his retainer fees shall be paid in cash. 

 

	 	5.3	 Each Participant is entitled, at any time, to terminate his or her participation in the Plan in respect of
the Voluntary Portion by sending a written notice to that effect to the Corporate Secretary (the “Termination Notice”). 

  

	6.	 Award of DSUs 

Each Participant will receive such number of DSUs as is obtained by dividing the Deferred Remuneration payable quarterly to the
Participant, by the DSU Value on the date on which the DSUs are awarded. DSUs shall be credited quarterly. 
  

	7.	 Redemption of DSUs 

 

	 	7.1	 As of the Termination Date, a Participant who ceases to act as a Director (or his or her estate) may, by
written notice to the Corporate Secretary (the “Redemption Request”) to be sent no later than December 15 of the calendar year immediately following the calendar year during which the Termination Date occurred (the “Redemption
Date”), cause the Company to redeem the DSUs. 

  

	 	7.2	 As soon as practicable upon receipt of a Redemption Request, the Company shall remit or cause to be remitted
to the Participant an amount in cash equal to the DSU Value as at the Redemption Date of all DSUs credited to such Participant, less applicable taxes. 

  

	 	7.3	 If the Participant or the Participant’s estate, as the case may be, fails to file a Redemption Request
with the Company before the Redemption Date, the Participant or the Participant’s estate shall be deemed to have filed a Redemption Request on the Redemption Date. 

 

	 	7.4	 Any Redemption Request must cover all, but not less than all, DSUs held by the Participant or the
Participant’s estate, as the case may be, at the time the Redemption Request is filed. 

  

	8.	 Assignment 

A Participant may not sell, assign or otherwise dispose of DSUs or any rights in respect thereof, except by will or other
testamentary document or according to the laws respecting the devolution and allotment of estates. 
  

	9.	 Effect of any Amendment to the Share Capital 

In the event of any change in the number of outstanding Class A Subordinate Voting shares of the Company following any
share dividend, subdivision, reorganization, merger, consolidation, combination or exchange of shares or any other similar corporate change, the Board shall make an equitable adjustment to the number of DSUs held by a Participant or to the CGI
Shares underlying the DSUs. Such adjustment shall be final and binding for the purposes of the Plan. 

	10.	 Taxes imposed in respect of DSUs 

Participants shall be responsible for any tax imposed either directly or indirectly on the Company or any of its subsidiaries
in respect of the Participant as a result of the grant of any DSU award or in respect of the benefit inuring to the Participant in respect of any DSU award. Prior to making any payments hereunder, the Company shall have the right to withhold
sufficient funds to satisfy applicable taxes related or otherwise applicable to the DSUs or the Participant. 
  

	11.	 Record Keeping 

The Company shall cause individual records to be maintained for each Participant which shall record the number of DSUs awarded,
vested and paid to each Participant from time to time. 
  

	12.	 Downward Fluctuation in the Price of Shares 

No amount will be paid to, or in respect of, a Participant under the Plan, or pursuant to any other arrangement, to compensate
a Participant for a downward fluctuation in the price of CGI Shares, nor will any other form of benefit be conferred upon, or in respect of, a Participant for such purpose. 
  

	13.	 Expenses 

All expenses relating to the administration of the Plan shall be borne by the Company. The Company will not be liable for any
subsequent expenses or costs once DSUs, if any, have been settled for the benefit of a Participant. 
  

	14.	 Governing Laws 

The Plan shall be governed by the laws applicable in the Province of Quebec, Canada and any dispute relating to their
interpretation and application shall be submitted to the tribunals of the district of Montreal, Québec. 
  

	15.	 Amendment or Termination of the Plan 

The Plan may be amended or terminated (including without limitation to suspend or limit the right of a Participant to elect to
participate in the Plan in respect of the Voluntary Portion or to increase or decrease the Mandatory Portion) at any time and from time to time by the Board, provided that any such amendment or termination does not in any way infringe upon any
rights of Participants in respect of DSUs previously credited to the account of Participants. 
 Approved by the Board of Directors of the
Company on December 8, 2020. 

 ANNEX TO THE 

DEFERRED STOCK UNIT PLAN 

FOR THE MEMBERS OF THE BOARD OF
DIRECTORS 
 OF CGI INC. 

 

	1.	 Purpose  

  

	 	1.1	 This Annex to the Deferred Stock Unit Plan for the Members of the Board of Directors of CGI Inc., as may be
amended from time to time (the “Plan”) applies to Participants who are U.S. taxpayers (the “U.S. Participants,” and this Annex, the “U.S. Annex”). 

 

	 	1.2	 Except as otherwise provided in the U.S. Annex, all DSUs awarded to U.S. Participants will be governed by
the terms of the Plan. In any case of an irreconcilable contradiction (as determined by the Board) between the provisions of the U.S. Annex and the Plan, the provisions of the U.S. Annex will govern. Capitalized terms contained herein shall have the
same meanings given to them in the Plan, unless otherwise provided in the U.S. Annex. 

  

	2.	 Definitions 

 

	 	2.1	 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

 

	 	2.2	 “Section 409A” means Code Section 409A and the related U.S. Treasury regulations and
guidance issued thereunder. 

  

	 	2.3	 “Service Period” means the Service Period as defined in the Election Notice, and if no such
Service Period is defined in the Election Notice, means the calendar year immediately following the date on which an election becomes irrevocable pursuant to Section 5.1 of the Plan as amended by the Annex. 

 

	3.	 Provisions Applicable to U.S. Participants 

 

	 	3.1	 The following proviso shall be added to the last sentence of Section 4.2 of the Plan:

 “; provided, however, that any such election by a U.S. Participant shall not become effective
unless it is made by, and becomes irrevocable on, December 31 of the calendar year preceding the Service Period corresponding to the retainer fees to which the Mandatory Portion would otherwise apply.” 

 

	 	3.2	 The following sentence shall be added to the end of Section 5.1 of the Plan: 

“An election that is made pursuant to Section 5.1 by a U.S. Participant shall not become effective unless it is made
by, and becomes irrevocable on, December 31 of the calendar year preceding the Service Period corresponding to the retainer fees to which the Voluntary Portion will apply.” 

 

	 	3.3	 The first sentence of Section 5.2 of the Plan shall be replaced with the following:

  

 “A U.S. Participant’s election under Section 5.1 shall be
effective for the Service Period in respect of which it is made and to all subsequent Service Periods, until such time as the Director shall send an Election Notice, in accordance with Section 5.1, containing different instructions to the
Corporate Secretary.” 
  

	 	3.4	 The following proviso shall be added to the last sentence of Section 5.3 of the Plan:

 “; provided, that with respect to a U.S. Participant, such U.S. Participant’s Election Notice
in effect as of the U.S. Participant’s election to terminate participation in the Plan shall remain in full force and effect until the end of the Service Period to which such Election Notice relates.” 

 

	 	3.5	 Section 7.1 through 7.4 of the Plan shall be replaced in their entirety with the following:

 “7.1 Within ninety (90) days following the U.S. Participant’s Termination Date, the
Company shall remit or cause to be remitted to the U.S. Participant (or the U.S. Participant’s estate, in the event of the U.S. Participant’s death) an amount in cash equal to the DSU Value as at the Termination Date of all DSUs credited
to such U.S. Participant, less applicable taxes.” 
  

	4.	 Section 409A 

 

	 	4.1	 Notwithstanding any provision of the Plan to the contrary, in the event that any settlement or payment of a
DSU to a U.S. Participant is made upon, or by reference to the time of the U.S. Participant’s termination of employment, and the U.S. Participant is a “specified employee” (as that term is defined under Section 409A) at the time
of the U.S. Participant’s termination of employment, then no such settlement or payment shall be made to the U.S. Participant under this Plan until the date that is the earlier to occur of: (i) the U.S. Participant’s death, or
(ii) six (6) months and one (1) day following the U.S. Participant’s termination of employment (the “Delay Period”). Any settlement or payment which the U.S. Participant would otherwise have received during the Delay Period shall
be made to the U.S. Participant in a lump sum on the date that is six (6) months and one (1) day following the effective date of the termination. For purposes of the Plan, the terms “termination of employment,” “Termination
Date” and variations thereof as used in the Plan are intended to mean a termination of employment that constitutes a “separation from service” as such term is defined under Section 409A. 

 

	 	4.2	 The settlement or payment of any DSU may not be accelerated except to the extent permitted by
Section 409A. Notwithstanding any provision of the Plan to the contrary, the Company may adopt such amendments to the Plan and/or any Election Notice or adopt other policies and procedures (including amendments, policies and procedures with
retroactive effect), or take any other actions, in each case, without the consent of the U.S. Participant, that the Company determines are necessary or appropriate to comply with the requirements of Section 409A. Notwithstanding the foregoing,
the Company shall not be required to assume any increased economic burden in connection therewith. 

	 	4.3	 The Plan and the DSUs granted hereunder are intended to comply with Section 409A, to the extent
applicable thereto. Notwithstanding any provision of Plan to the contrary, the Plan and the DSUs shall be interpreted and construed consistent with this intent. Although the Company intends to administer the Plan so that the Plan and DSUs granted
hereunder comply with the requirements of Section 409A, to the extent applicable thereto, the Company does not represent or warrant that the Plan or the DSUs granted hereunder will comply with Section 409A or any other provision of
federal, state, local, or any other applicable law. 

  

	 	4.4	 Neither the Company nor its subsidiaries or affiliates, nor their respective directors, officers, employees
or advisers shall be liable to any U.S. Participant (or any other person claiming a benefit through the U.S. Participant) for any tax, interest, penalties or other adverse tax consequences the U.S. Participant may be subject to as a result of
participation in the Plan, and the Company and its subsidiaries and affiliates shall have no obligation to indemnify or otherwise protect any U.S. Participant or other person from such adverse tax consequences pursuant to Code Section 409A, or
otherwise.

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