Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - REGI U.S., INC. -Exhibit 4.2

 Exhibit 4.2

  CONSULTING AGREEMENT

      This is an agreement dated and effective this
  31st day of July, 2003 by and between JOSEPH PETTENELLI of 321 York
  Rd. 2nd Floor Towson, MD 21204 (hereinafter referred to as The
  Consultant), and REGI U.S., Inc. (RGUS) (hereinafter referred to as The
  Client). 

 Recitals

       I. The Client desires to obtain consulting
    services from The Consultant as more particularly described herein
    (“Scope of Services and Manner of Performance”). 

        II. The Consultant is in the business
    of providing such consulting services and has agreed to provide the services
    on the terms and conditions set forth in this agreement. 

        Now, therefore, in consideration of the faithful
    performance of the obligations set forth herein and other good and valuable
    consideration the receipt and sufficiency of which are hereby acknowledged,
    The Consultant and The Client hereby agree as follows. 

Terms

	1.	Scope of Services. The Consultant will perform financial
        consulting for and on behalf of The Client in relation to interactions
        with broker-dealers, shareholders and members of the public and will consult
        with and advise The Client on matters pertaining to business modeling
        and development and the release of press, can perform services including:
        

          

	 	d.	Phone Campaigns
	 	e.	Media submissions
	 	f.	Financial and business development consulting

	 	 
	2. 	Manner of performance. It is intended that The Consultant
        will provide research on the company and distribute company material
        to institutions, portfolio manager, broker-dealers, financial advisers
        and other persons whom The Consultant determines in its sole discretion,
        are capable of disseminating such information to the general public. The
        Consultant will act upon The Client’s behalf in the investment
        community, with existing shareholders, and the public. It is expressly
        agreed and acknowledged that The Consultant will not be expected
        to provide investor relations services, investment advice or recommendations
        regarding The Client to anyone. The Consultant will focus
        on contracting persons, generally though conventional communications in
        order to familiarize them with information concerning The Client.
        Additionally, The Consultant shall be available for advice and
        counsel to the officers and directors of The Client at such reasonable
        and convenient times and places as may be mutually agreed upon. Except
        as aforesaid, the time, place and manner of performance of the services
        hereunder, including the amount of time allocated by the Company, shall
        be determined at the sole discretion of The Company.

          

	3.	Status of Consultant. The Consultant shall act as an
        independent Consultant and not as an agent or employee of The Client
        and The Consultant shall make no representation as an agent or
        employee of The Client. The Consultant shall furnish insurance
        and be responsible for all taxes as an independent Consultant. The
        Consultant shall have no authority to bind The Client or incur
        other obligations on behalf of The Client. Likewise, The Client
        shall have no authority to bind on incur obligations on behalf of The
        Consultant.

          

	4.	Disclosure of Material Events. The Client agrees to promptly
        disclose to The Consultant those events/discoveries which are known
        and/or anticipated that may conceivably may have an impact on the stock,
        business operations, future business, or public perception of The Client,
        as this has material impact on the ability and effectiveness of The
        Consultant and service rendered.

1

 

	5.
   	Confidentiality Agreement. In the event The Client
      discloses information to The Consultant that The Client considers
      to be secret, proprietary or non-public and so notifies The Consultant,
      The Consultant agrees to hold said information in confidence. Proprietary
      information shall be used by The Consultant only in connection with
      services rendered under this Agreement. Proprietary information shall not
      be deemed to include information under a) is in or becomes in the public
      domain without violation of this Agreement by The Client, or b) is
      rightfully received from a third entity having no obligation to The Client
      and without violation of this Agreement. In reciprocal, The Client
      agrees to hold confidential all trade secrets of and methods employed
      by The Consultant in fulfillment of services rendered.
  
	6.
   	Indemnification. The Client agrees to indemnify
      and hold harmless The Consultant against any losses, claims, damages,
      liabilities and/or expenses (including any legal or other expenses reasonably
      incurred in investigating or defending any action or claim in respect thereof)
      to which The Consultant is willing and capable of providing services
      on a “Best Efforts” basis. The Consultant cannot be held
      liable for negative stock activity unless it can be shown that this activity
      comes as a direct result of willful, negligent, in appropriate and illegal
      representation or misrepresentation by The Consultant. The Consultant
      cannot and will not provide a guarantee as to anticipated stock price,
      performance and/or trading volume. The Consultant does intend to
      sell all of the stock provided as payment by The Client. Payment
      by The Client to The Consultant is irrevocable and irreversible.
   
	7. 	Conflict of Interest. The Consultant shall
      be free to perform services for other persons. The Consultant will
      notify The Client of its performance of consulting services for any
      other Client that could conflict with its obligations under this agreement.
  
	8.
   	Term. Refer to Schedule A.
  
	9.
   	Payment. Refer to Schedule B.
  
	10.
   	Payment Instructions. Refer to Schedule C.
  
	11.
   	Severability. This agreement may be dissolved at any
      time at the express consent of both parties. In the event any part of this
      agreement shall be held to be invalid by any competent court or arbitration
      panel, this agreement shall be interpreted as if only that part is invalid
      and that the parties to this agreement will continue to execute the rest
      of this agreement to the best of their abilities unless both parties mutually
      consent to the dissolution of this agreement.

        
	     This agreement
        shall be interpreted accordance with laws of the State of Maryland. This
        agreement and attached schedules constitutes the entire contract of the
        parties with respect to the matters addressed herein and no modifications
        of this agreement shall be enforceable unless in writing signed by both
        The Consultant and The Client. This agreement is not assignable
        by either party without the consent of the other.

            In witness whereof The Consultant and
        The Client have caused this agreement to be executed on the date
        indicated in Schedule A.

       REGI U.S., Inc.

       Authorized person x /s/ John Robertson Title: President
        Date: July 31, 2003

        I hereby certify that I agree to the terms of the contract above and am
        authorized to enter into a binding contract.

       JOSEPH PETTENELLI

       /s/ Joseph Pettenelli

        Date 07/31/03

        I hereby certify that I agree to the terms of the contract above and am
        authorized to enter into a binding contract.

       2

      

 Schedule A 

 Term of Commitment 

 The Consultant shall perform consulting services for The Client
  for 2 months or until the company has determined upon that agreed upon objectives
  have been met and the terms of commitment have been fulfilled. 

 Such services shall commence upon receipt of the first payment as outlined
  in Schedule B, to be renewed for 2 additional months subject to adjustments
  to the issuance of the shares based on the price of the shares 10 day average
  price prior to the end of the 2 month period and subject for approval by both
  REGI U.S. and Juan Campo. 

 Schedule B 

	150,000 free trading shares for the 2 months consulting services
	150,000 warrants(1) exercisable @ .12 - to be exercised within
    30 days
	125,000 warrants(1) exercisable @. 20 - to be exercised within
    60 days
	150,000 warrants(1) exercisable @ .30 - to be exercised within
    90 days subject to a renewed consulting agreement.
	125,000 warrants(1) exercisable @. 50 - to be exercised within
    90 days subject to a renewed consulting agreement.

 (1) with piggyback registration rights. The warrant is attached hereto as
  Schedule D. 

 Schedule C 

 Payment shall be made per verbal agreement. 

3

 Schedule D 

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

 REGI U.S., INC.  

 Common Stock Purchase Warrant to

  Purchase up to 550,000 Shares of Common Stock 

 This Common Stock Purchase Warrant is issued to: 

 JOSEPH PETTENELLI

  321 York Road, 2nd Floor

  Towson, MD 21204 

 by REGI U.S., INC., an Oregon corporation (hereinafter called the "Company",
  which term shall include its successors and assignors, 

 FOR VALUE RECEIVED and subject to the terms and conditions hereinafter set
  out, the registered holder of this Warrant as set forth on the books and records
  of the Company (the "Holder") is entitled upon surrender of this Warrant to
  purchase from the Company up to 550,000 fully paid and nonassessable shares
  of Common Stock (the "Common Stock"), at the Exercise Price (as defined below)
  per share. 

 This Warrant shall expire at the close of business on October 31, 2003. 

 1. (a) The right to purchase shares of Common Stock represented by this Warrant
  may be exercised by the Holder, in whole or in part, by the surrender of this
  Warrant (properly endorsed if required) at the principal office of the Company
  at #1103 – 11871 Horseshoe Way, Richmond, BC V7A 5H5 (or such other office
  or agency of the Company as it may designate by notice in writing to the Holder
  at the address of the Holder appearing on the books of the Company), and upon
  completion of provision of services as set out in the Consulting Agreement between
  the Company and Joseph Pettenelli dated July 31, 2003. The Company agrees that
  the shares of Common Stock so earned shall be deemed to be issued to the Holder
  as the record owner of such shares of Common Stock as of the close of business
  on the date on which this Warrant shall have been surrendered and payment made
  for such shares of Common Stock as aforesaid. Certificates for the shares of
  Common Stock so purchased shall be delivered to the Holder within a reasonable
  time. 

 (b) This Warrant may be exercised to acquire, from and after the date hereof,
  the number of shares of Common Stock set forth on the first page hereof (subject
  to adjustments described in this Warrant); provided, however, the right hereunder
  to purchase such shares of Common Stock shall expire at 5:00 p.m. Pacific Standard
  time on October 31, 2003. 

 4

 2. This Warrant is being issued by the Company pursuant to the terms of the
  Consulting Agreement dated July 31, 2003. 

 3. The Company covenants and agrees that all Common Stock upon issuance against
  payment in full of the Exercise Price by the Holder pursuant to this Warrant
  will be validly issued, fully paid and nonassessable and free from all taxes,
  liens and charges with respect to the issue thereof (except to the extent resulting
  from the Holder's own circumstances, actions or omissions). The Company covenants
  and agrees that during the period within which the rights represented by this
  Warrant may be exercised, the Company will have at all times authorized, and
  reserved for the purpose of issue or transfer upon exercise of the rights evidenced
  by this Warrant, a sufficient number of shares of Common Stock to provide for
  the exercise of the rights represented by this Warrant, and will procure at
  its sole expense upon each such reservation of shares the listing thereof (subject
  to issuance or notice of issuance) on all stock exchanges on which the Common
  Stock is then listed or inter-dealer trading systems on which the Common Stock
  is then traded. The Company will take all such action as may be necessary to
  assure that such shares of Common Stock may be so issued without violation of
  any applicable law or regulation, or of any requirements of any national securities
  exchange upon which the Common Stock may be listed or inter-dealer trading system
  on which the Common Stock is then traded. The Company will not take any action
  which would result in any adjustment in the number of shares of Common Stock
  purchasable hereunder if the total number of shares of Common Stock issuable
  pursuant to the terms of this Warrant after such action upon full exercise of
  this Warrant and, together with all shares of Common Stock then outstanding
  and all shares of Common Stock then issuable upon exercise of all options and
  other rights to purchase shares of Common Stock then outstanding, would exceed
  the total number of shares of Common Stock then authorized by the Company's
  Restated and Amended Articles of Incorporation, as then amended. 

 4. The exercise price of the warrants are as follows: 

	150,000 warrants exercisable @ .12 - to be exercised within 30 days
	125,000 warrants exercisable @. 20 - to be exercised within 60 days
	150,000 warrants exercisable @ .30 - to be exercised within 90 days subject
    to a renewed consulting agreement.
	125,000 warrants exercisable @. 50 - to be exercised within 90 days subject
    to a renewed consulting agreement.

 5. The shares of Common Stock issuable upon the exercise of this Warrant shall
  be registered by the Company pursuant to a Form S-8 to be filed with the Securities
  and Exchange Commission on or prior to August 30, 2003. 

 6. The terms defined in this paragraph, whenever used in this Warrant, shall,
  unless the context otherwise requires, have the respective meanings hereinafter
  specified. The term "Common Stock" shall mean and include the Company's Common
  Stock, authorized on the date of the original issue of this Warrant and shall
  also include in case of any reorganization, reclassification, consolidation,
  merger or sale of assets of the character referred to in Section 4 hereof, the
  stock, securities or assets provided for in such paragraph. The term "outstanding"
  when used with reference to Common Stock shall mean at any date as of which
  the number of shares thereof is to be determined, all issued shares of Common
  Stock, except shares then owned or held by or for the account of the Company.
  The term "1933 Act" shall mean the Securities Act of 1933, as amended, or any
  successor Federal statute, and the rules and regulations of the Securities and
  Exchange Commission, or any other Federal agency then administering the 1933
  Act, thereunder, all as the same shall be in effect at the time. 

 5

 7. This Warrant is exchangeable, upon the surrender hereby by the Holder at
  the office or agency of the Company, for new Warrants of like tenor representing
  in the aggregate the right to subscribe for and purchase the number of shares
  of Common Stock which may be subscribed for and purchased hereunder, each of
  such new Warrants to represent the right to subscribe for and purchase such
  number of shares of Common Stock as shall be designated by the Holder at the
  time of such surrender. Upon receipt of evidence satisfactory to the Company
  of the loss, theft, destruction or mutilation of this Warrant or any such new
  Warrants and, in the case of any such loss, theft, or destruction, upon delivery
  of a bond of indemnity, reasonably satisfactory to the Company, or, in the case
  of any such mutilation, upon surrender or cancellation of this Warrant or such
  new Warrants, the Company will issue to the Holder a new Warrant of like tenor,
  in lieu of this Warrant or such new Warrants, representing the right to subscribe
  for and purchase the number of shares of Common Stock which may be subscribed
  for and purchased hereunder. 

 8. The Company will at no time close its transfer books against the transfer
  of this Warrant or of any shares of Common Stock issued or issuable upon the
  exercise of this Warrant in any manner which interferes with the timely exercise
  of this Warrant. This Warrant shall not entitle the Holder to any voting rights
  or any rights as a shareholder of the Company. The rights and obligations of
  the Company, of the Holder, and of any holder of shares of Common Stock issuable
  hereunder, shall survive the exercise of this Warrant. 

 9. This Warrant sets forth the entire agreement of the Company and the Holder
  of the Common Stock issuable upon the exercise of this Warrant with respect
  to the rights of the Holder and the Common Stock issuable upon the exercise
  of this Warrant, notwithstanding the knowledge of such Holder of any other agreement
  or the provisions of any agreement, whether or not known to the Holder, and
  the Company represents that there are no agreements inconsistent with the terms
  hereof or which purport in any way to bind the Holder of this Warrant or the
  Common Stock. 

 10. The validity, interpretation and performance of this Warrant and each
  of its terms and provisions shall be governed by the laws of the State of Oregon.

 IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
  duly authorized officer under its corporate seal and dated as of July 31, 2003.

	REGI U.S., INC.
	 
	/s/ John G. Robertson
	 
	By: /s/ “ John G. Robertson”
	   Name: John G. Robertson
	   Title: President

 6EXHIBIT  10.1

                     TRANSFER AGENT AND REGISTRAR AGREEMENT
                     --------------------------------------

     THIS AGREEMENT made and entered into this 27th day of January, 2000, by and
between:

NEVADA AGENCY AND TRUST COMPANY, 50 West Liberty Street, Suite 880, Reno, Nevada
89501,  hereinafter  called  "TRANSFER  AGENT,"  and

STANFORD  MANAGEMENT LTD., 2652 Dundas Street, West Vancouver, British Columbia,
V5K  1P9,  a  Delaware  corporation,  hereinafter  called  "COMPANY."

     NOW  THEREFORE,  for  valuable consideration and the mutual promises herein
contained,  the  parties  hereto  agree  as  follows,  to  wit:

     1.  (APPOINTMENT  OF  TRANSFER  AGENT) The COMPANY hereby appoints TRANSFER
AGENT  as  the  Transfer  Agent  and  Registrar  for the COMPANY'S Common Stock,
commencing  on  this  27th  day  of  January,  2000.

     2.  (COMPANY'S  DUTY).  The  COMPANY  agrees to deliver to TRANSFER AGENT a
complete  up-to-date  stockholder  list  showing  the  name  of  the  individual
stockholder,  current address, the number of shares and the certificate numbers,
it being specifically understood and agreed that the TRANSFER AGENT is not to be
held  responsible  for  any omissions or error, that may leave occurred prior to
this  Agreement  whether  on  the  part  of  the  COMPANY itself or its previous
transfer  agent or agents. The COMPANY hereby agrees to indemnify TRANSFER AGENT
in  this  regard.

     3. (STOCK CERTIFICATES) The COMPANY agrees to provide an adequate number of
stock  certificates  to  handle the COMPANY'S transfers on a current basis. Upon
receipt  of  TRANSFER  AGENT'S request, the COMPANY agrees to furnish additional
stock  certificates  as TRANSFER AGENT deems necessary considering the volume of
transfers.  The  stock  certificates  shall  be  supplied at COMPANY'S cost. The
TRANSFER  AGENT agrees to order stock certificates from its printer upon request
of  the  COMPANY.

     4.  (TRANSFER  AGENT  DUTIES) TRANSFER AGENT agrees to handle the COMPANY'S
transfers,  record  the  same,  and  maintain  a  ledger,  together  with a file
containing all correspondence relating to said transfers, which records shall be
kept confidential and be available to the COMPANY and its Board of Directors, or
to  any  person  specifically authorized by the board of Directors to review the
records  which  shall  be  made  available  by TRANSFER AGENT during the regular
business  hours.

     5.  (TRANSFER  AGENT  REGISTRATION)  TRANSFER  AGENT  warrants  that  it is
registered  as  a  Transfer Agent with the United States Securities and Exchange
Commission  under  the  Securities  Exchange  Act  of  1934,  as  amended.

     6.  (STOCKHOLDER  LIST)  From  time  to  time,  as  necessary  for  Company
stockholders  meetings  or  mailings,  the  TRANSFER AGENT will certify and make
available  to  the current, active stockholders list for COMPANY purposes. It is
agreed that a reasonable charge for supplying such list will be made by TRANSFER
AGENT  to the COMPANY. It is further agreed that in the event the TRANSFER AGENT

                                      -88-
<PAGE>

received a request or a demand from a stockholder or the attorney of agent for a
stockholder, for a list of stockholders, the TRANSFER AGENT will serve notice of
such request by certified mail to the COMPANY. The COMPANY will have forty-eight
(48)  hours  to  respond in writing to the TRANSFER AGENT. If the COMPANY orders
the  TRANSFER AGENT to withhold delivery of a list of stockholders as requested,
the  TRANSFER AGENT agrees to follow the orders of the COMPANY. The COMPANY will
then  follow  the procedure set forth in the Uniform Commercial Code to restrain
the  TRANSFER  AGENT  from  making  delivery  of  a  stockholders  list.

     7.  (TRANSFER  FEE)  TRANSFER  AGENT  agrees to assess and collect from the
person  requesting a transfer and/or the transferor, a fee of Fifteen and No/100
dollars  ($15.00)  for  each stock certificate issued, except original issues of
stock or warrant certificates, which fees shall be paid by the COMPANY. This fee
may  be decreased or increased at any time by the TRANSFER AGENT. This fee shall
be  the  property  of  the  TRANSFER  AGENT.

     8.  (ANNUAL FEE) The COMPANY agrees to pay the TRANSFER AGENT an annual fee
of  TWELVE  HUNDRED  DOLLARS  ($1,200.00)  each  year.  This  fee reimburses the
TRANSFER  AGENT  for the expense and time required to respond to the written and
oral inquiries from brokers and the investing public, as well as maintaining the
transfer books and records of the corporation. The annual fee will be due on 1ST
OF  APRIL  of  each  year  and  is  subject  to  annual  review.

     9.  (TERMINATION)  This  Agreement  may be terminated by either party given
written  notice of such termination to the other party at least ninety (90) days
before  the  effective date. The TRANSFER AGENT shall return all of the transfer
records  to  the  COMPANY and its duties and obligations as TRANSFER AGENT shall
cease  at  that time. The TRANSFER AGENT will be paid a Termination Fee of $1.00
per  registered  stockholder  of the Company at the time the written termination
notice  is  served.

     10. (COMPANY STATUS) The COMPANY will promptly advise the TRANSFER AGENT of
any  changes  or  amendments  to  the Articles of Incorporation, any significant
changes  in  corporate  status, changes in officers, etc., and of all changes in
filing  status with the Securities and Exchange commission, or any state entity,
and  to  hold  the  TRANSFER  AGENT  harmless  from  its  failure  to  do  so.

     11. (INDEMNIFICATION OF TRANSFER AGENT) The COMPANY agrees to indemnify and
hold  harmless  the  TRANSFER AGENT, from any and all loss, liability of damage,
including  reasonable attorneys' fees and expenses, arising out of, or resulting
from  the  assertion  against  the  TRANSFER  AGENT  of  any  claims,  debts  or
obligations  in  connection with any of the TRANSFER AGENT'S duties as set forth
in  the  Agreement,  and  specifically  it is understood that the TRANSFER AGENT
shall have the right to apply to independent counsel at the COMPANY'S expense in
following  the  COMPANY'S  directions  and  orders.

     12.  (COUNTERPARTS)  This  Agreement  may  be  executed  in  any  number of
counterparts,  each of which, when executed and delivered, shall be an original,
but  all  such  counterparts  shall  constitute  one  and  the  same instrument.

                                      -89-
<PAGE>

     13.  (NOTICE)  Any notice under this Agreement shall be deemed to have been
sufficiently  given  if  sent  by registered or certified mail, postage prepaid,
addressed  as  follows:

               TO  THE  COMPANY:
               Philip  Yee
               STANFORD  MANAGEMENT  LTD.
               2652  Dundas  Street,
               W.  Vancouver,  B.C.  V5K  1P9
               Canada

               TO  THE  TRANSFER  AGENT:
               NEVADA  AGENCY  AND  TRUST  COMPANY
               50  West  Liberty  Street,  Suite  880
               Reno,Nevada  89501

     14.  (MERGER  CLAUSE)  this  Agreement  supersedes all prior agreements and
understandings  between the parties and may not be changed or terminated orally,
and  no  attempted change, termination or waiver of any of the provisions hereof
shall  binding  unless  in  writing  and  signed  by  the  parties  hereto.

     15.  (GOVERNING  LAW)  This Agreement shall be governed by and construed in
accordance  with  the  laws  of  the  State  of  Nevada.

     THIS  AGREEMENT  has  been executed by the parties hereto as of the day and
year  lst  above  written,  by  the  duly authorized officer or officers of said
parties,  and  the  same  will  be  binding  upon  the assigns and successors in
interest  of  the  parties  hereto.

                         NEVADA  AGENCY  AND  TRUST  COMPANY
                              TRANSFER  AGENT

                              BY:/S/"AMANDA  CARDINALLI"___________
                                 ----------------------------------
                              AMANDA  CARDINALLI,  VICE  PRESIDENT

                              STANFORD  MANAGEMENT  LTD.
                              COMPANY

                              /S/  "PHILIP  YEE"_____________________
                              -----------------------------------------
                              PHILIP  YEE/PRESIDENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]