Document:

hemp_ex1032.htm

EXHIBIT 10.32
  
 UST MEXICO, INC.
  
 UST MEXICO, Inc/US TOBACCO DE MEXICO.
 916 Southwood, Unit 2F
 Incline Village, NV 89451
  
 CONSULTING & MARKETING AGREEMENT
  
 THIS AGREEMENT is made as of Wednesday, January 3, 2020
  
 By and Between
  
 UST Mexico, Inc./US Tobacco De Mexico SA De CV (UST) (the Consultants)
  
 And
  
 Hempacco Co,, Inc. (Hemp) (the Company)
  
 RECITALS
  
 A. The Company desires to produce and manufacture quality hemp cigarettes..
  
 B. The Consultants have extensive knowledge and expertise in the areas of manufacturing, production, and maintenance of certain manufacturing equipment specialized for producing hemp cigarettes. The consultant will also handle procurement of supplies needed for manufacturing,
  
 C. The Company recognizes the substantial experience and knowledge of the Consultants in matters relating their respective expertise; and
  
 D. The Company further recognizes that it is in the best interest of the Company to engage the services of the Consultant; and
  
 E. The Company desires to retain the valuable services and counsel of the Consultant, and the Consultant desires to render such services to the Company upon the terms set forth in this Agreement.
  
 NOW THEREFORE, in consideration of the mutual promises and covenants set forth below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby agree as follows:
  
 1. Recitals: The Recitals to this Agreement are hereby incorporated into this agreement as though fully restated herein.
  
 	  
	  
	  

	 UST Initials 
	  
	 HEMP Initials

   
 	 
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 UST MEXICO, INC.
  
 2. Engagement: The Company hereby engages the Consultant, and the Consultant accepts engagement by the Company, upon the terms and conditions set forth in this Agreement.
  
 3. Term: The term of this Agreement shall begin on the date hereof and shall continue for a period of Sixty (60) months, and then continue on a month to month basis.
  
 4. Duties: During the term of this Agreement, the Consultants will provide consulting services to the Company as requested. These services will be performed on a best efforts basis and will include, without limitation, assistance in extensive knowledge and expertise in the areas of manufacturing, production, and maintenance of certain manufacturing equipment specialized for producing hemp cigarettes, with the objective of accomplishing the business and financial goals of the Company. In each case, the Consultant will exercise its best efforts to accomplish the goals established by the Company and shall comply with all applicable laws in connection with the performance of the Agreement. Specific expectations and deliverables are outlined in Exhibit A attached hereto.
  
 5. Consulting Service Compensation: The Company shall pay a monthly consulting fee of $15,000 per month for sixty (60) months starting on the date of the execution of this agreement.
  
 In addition to the monthly consulting fee the Company will review the Consultant's performance on a monthly basis and recommend bonus cash compensation and equity bonus.
  
 6. Nature of Engagement: The Consultant is being engaged by the Company as an independent contractor and shall be responsible for payment of its own taxes. Nothing in this Agreement shall be construed so as to create an employer-employee relationship between the parties.
  
 7. Expenses: Upon receipt of requests from the Consultant for reimbursement, the Company shall reimburse the Consultant for all reasonable and necessary expenses the Consultant incurs, prior to and after the date of this Agreement in performing its duties in connection with this Agreement with prior approval of the company.
  
 8. Termination. This Agreement is terminable by either party on 12 (twelve) months' notice by written notice from either party. Address for notice:
   
 	 Sandro Piancone
 Director General
 UST Mexico, Inc. US Tobacco 
 916 Southwood, Unit 2F
 Incline Village, NV 89104
	  
	 Sandro Piancone 
 President
 Hempacco Co., Inc 
 9925 Airway Rd.
 San Diego, CA 92154

   
 	  
	  
	  

	 UST Initials 
	  
	 HEMP Initials

   
 	 
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 UST MEXICO, INC.
  
 Following the termination of the Agreement, the Company shall pay to Consultant compensation and equity granted in full satisfaction earned through the date of termination. All of the Consultant's other rights under the Agreement (except for those associated with the previously earned compensation and granted equity except as otherwise set forth within the Agreement) shall immediately be terminated and the Company shall have no further obligations to the Consultant
  
 9. Miscellaneous Provisions:
  
 a. Governing Law: This Agreement shall be governed by, interpreted and enforced in accordance with the Laws of the State of Nevada.
  
 b. Waiver: The waiver by any party hereto of a breach of any provision of this Agreement shall not operate as a waiver of any other breach of any provision of this Agreement by any party.
  
 c. Entire Agreement: This instrument contains the entire Agreement of the parties concerning engagement and may not be changed or modified except by written agreement duly executed by the parties hereto.
  
 d. Successors and Assigns: This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors, heirs, personal representatives and assigns.
  
 e. Confidentiality: Except as may otherwise be required by Law, the provisions of this Agreement shall remain strictly confidential. To the extent permitted by the Law, the Board of Directors of the Company shall ensure that no person other than Members of the Board of Directors of the Company and appropriate Officers of the Company are made aware of the terms of this Agreement. In addition, neither the Company nor the Consultant shall, either directly or indirectly through their respective Officers, Directors, Employees, Shareholders, Partners, Joint Ventures, Agents, Consultant, Contractor, Affiliates or any other person, disclose, communicate, disseminate or otherwise breach the confidentiality of all or any provision of this Agreement, without the express written consent of both parties to this Agreement. Consultant agrees that it will not disclose confidential information received from the Company to any third party except as necessary to fulfill the terms of this Agreement or as such disclosure may be required by law. For purposes of this Agreement, "confidential information" shall mean information provided by the Company to Consultant that is not otherwise available to Consultant from sources outside the Company.
  
 f. Specific Performance: Strict compliance shall be required with each and every provision of this Agreement. The parties hereto agree that breach of this Agreement shall result in irreparable damage, and that specific performance of these obligations may be obtained.
   
 	  
	  
	  

	 UST Initials 
	  
	 HEMP Initials

    
 	 
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 UST MEXICO, INC.
  
 g. Additional Documents: The Company agrees to execute such other documents and agreements to effectuate the purposes of this Agreement, as the Consultant may request from time to time.
  
 h. Assignments: The obligation of the parties under this Agreement shall not be assigned without the written consent of the parties. Notwithstanding any provision of this Agreement to the contrary, however, the Consultant shall be entitled to provide that any funds payable or stock issuable to it, pursuant to the Agreement, shall instead be paid or issued to another person by written request.
  
 i. Counterparts: This Agreement may be executed in counterparts, and all counterparts will be considered as part of one agreement binding on all parties to this Agreement.
  
 j. Facsimile Signatures: The parties may execute this Agreement by facsimile, which signature[s] shall be deemed as an original and shall be binding upon such party.
  
 k. Severability: If any term, condition or provision of this Agreement or the application thereof to any party of circumstance shall, at any time or to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term, condition or provision to parties or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term, condition and provision of their Agreement shall be valid and enforceable to the fullest extent permitted by the Law.
  
 I. Dispute Procedure: Any dispute, claim or controversy arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in Las Vegas, Nevada in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The parties further agree that they will abide by and perform any award rendered by the Arbitrator[s]. Judgment upon any such award may be in any court, State or Federal, having any arbitration demand, service or process, notice of motion or other application the court or any Judge thereof may require. Service may be by registered or certified mail, or by personal service, provided a reasonable time for appearance or answer is allowed.
  
 m. Board of Directors: Except as expressly provided otherwise in the Agreement, reference to the actions, determinations or similar occurrences by the Company shall mean the action, decisions or determination of its Board of Directors.
  
 n. Authority: The Company hereby represents and warrants that the person executing this Agreement on its behalf is duly authorized to do so, that the execution of the Agreement has been duly approved by the Board of Directors of the Company, and that this Agreement is binding upon the Company.
    
 	  
	  
	  

	 UST Initials 
	  
	 HEMP Initials

    
 	 
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 UST MEXICO, INC.
  
 o. Indemnity: The Company agrees to indemnify and hold Consultant and its associates harmless from and against all losses, claims, damages, liabilities, costs or expenses arising out of entering into or performing services under the Agreement, unless it is judicially determined by the arbitration procedure identified herein that Consultant has committed an act or acts of gross negligence or willful misconduct.
  
 p. Consultant Authority: Consultant shall have no authority under this Agreement to bind the Company to any transaction or contract. The Company has the right in its sole and absolute discretion to reject any transaction or contract regardless of the terms proposed.
  
 IN WITNESS WHEREOF, the parties hereto have executed this Consulting & Marketing Agreement dated January 3, 2020.
  
 	 UST Mexico, Inc. 
	  
	 Hempacco Co., Inc.
	  

	  
	  
	  
	  
	  
	  

	 By:
	 /s/ Sandro Piancone 
	  
	 By:
	 /s/ Sandro Piancone
	  

	  
	 Sandro Piancone, Director General 
	  
	  
	 Sandro Piancone, CEO
	  

    
 	  
	  
	  

	 UST Initials 
	  
	 HEMP Initials

    
 	 
	5hemp_ex1033.htm

EXHIBIT 10.33
  
 INTERIM CONSULTING AGREEMENT
  
 Agreement made this 1st day of March, 2021 by and between The Hempacco Co., Inc. (The Company) and Neville Pearson. (Consultant).
  
 Consultant is an independent contractor willing to provide skills and abilities to The Company that The Company has need for.
  
 In consideration of the mutual terms, conditions and covenants hereinafter set forth, The Company and Consultant agrees as follows:
  
 1. The Company hereby employs the Consultant as an independent contractor, and the Consultant hereby accepts employment.
  
 2. The Consultant will undertake the duties and responsibilities of Interim Chief Financial Officer of The Hempacco Co., Inc., a Nevada Corporation formed on April 1, 2019.
  
 3. The term of this Interim Agreement shall commence on March 1, 2021, and shall terminate upon the earlier of the proposed public funding of The Company, or August 31, 2021, whichever shall occur first (the Interim period). This agreement may be renewed or replaced after 6 months by mutual agreement of the parties. After the first thirty (30) days of the term, either party may, without cause, terminate this Agreement by giving one month's written notice to the other. Payment for services will end at the effective termination date.
  
 4. The parties acknowledge that the Consultant currently provides consultancy services to an existing non-competing entity and that Consultant reserves the right to allocate and manage his time and resources in such a manner as to provide the optimum service to both clients. Consultant will work from his home office and will make visits to The Company's business premises as and when required given reasonable notice.
  
 The parties acknowledge the potential, from time to time for a "conflict of interest" situation to arise. Consultant undertakes to make every effort to ensure that all clients' needs are met regardless of the additional time or resources required to do so.
  
 5. Considering the part-time nature of the project, Company shall pay to consultant, on presentation of an invoice, and Consultant shall accept from the Company as compensation for all services to be provided pursuant to this Agreement, the initial sum of $5,000 per calendar month.
  
 Consultant acknowledges the start-up status of The Company and that additional funding is currently being sought.
  
 	 
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 6. Business expenses incurred while carrying out the duties and activities of the consultant's position shall be reimbursed by The Company upon receipt of a detailed expense claim together with supporting invoices and/or other documentation.
  
 7. Consultant shall provide financial management and administrative duties as are customarily provided by a Chief Financial Officer and/or Contro1ler, and as may be more specifically defined in the attached Exhibit "A". Consultant shall devote such time, attention and energies as required to fulfill these duties and responsibilities, but in any event, consultant commits to spending at least 30 hours per week on Company business. Consultant also commits to being available by email or telephone at any reasonable hour 7 days per week.
  
 8. During the Interim period, Consultant may engage in other non-competing business activities provided however, that any such activities do not result in any diminution of the time committed to The Company under this agreement, and that Consultant shall not during the term of this agreement solicit The Company's employees or accounts on behalf of another entity.
  
 9. If Consultant becomes unable to perform services pursuant to this Agreement by reason of illness, incapacity or death, compensation shall cease upon the happening of the event.
  
 10. Neither party may assign this Agreement without the express written consent of the other party.
  
 11. It is agreed between the parties that there are no other agreements or understandings between them relating to the subject matter of this Agreement. This Agreement supersedes all prior agreements, oral or written between the parties and is intended as a complete and exclusive statement of the agreement between the parties. No change or modification of the Agreement shall be valid unless the same be in writing and signed by the parties.
  
 12. All notices required or permitted to be given hereunder shall be in writing and may be delivered personally or by Certified Mail - Return receipt Requested, postage prepaid, addressed to:
  
 The Company at:
  
 The Hempacco Co, Inc. 
 9925 Airway Road
 San Diego, CA 92154
  
 The Consultant at:
  
 Neville Pearson 
 [redacted]
  
 	 
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 13. This Agreement shall be construed in accordance with and governed by the laws of the State of Delaware.
  
 INTENDING TO BE LEGALLY BOUND, the
 Parties hereto have caused the Agreement to be executed
 As of the date first above written.
  
 	 	 THE COMPANY:
  
 The Hempacco Co., Inc. 
 a Nevada Corporation
	
	 	 	 	 
		By:	 /s/ Sandro Piancone
	
	  
	  
	 The Hempacco Co., Inc.
	 
	 	 	 Sandro Piancone
	 
	 	 	 	 
	  
	 Its: 
	 President
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	 CONSULTANT:
  
 Neville Pearson, an Individual
	  

	  
	  
	  
	  

	  
	 By: 
	 /s/ Neville Pearson
	  

	  
	  
	 Neville Pearson
	  

    
 	 
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 EXHIBIT "A"
  
 Chief financial Officer (CFO) job description
  
 Comments: The content of the following job description is based on the assumption that the CFO has proper staffing to address accounting and treasury functions. If not, the CFO is probably really fulfilling the job of a controller, while also handling cash management and risk planning activities on the side.
  
 Also, note that this position is frequently filled by people with strong fundraising backgrounds, rather than those with accounting expertise; this is particularly likely to be the case when a strong controller is on staff who can handle all accounting functions.
  
 Basic Function: The chief financial officer position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:
  
 Planning
  
 I. Assist in formulating the company's future direction and supporting tactical initiatives
 2. Monitor and direct the implementation of strategic business plans
 3. Develop financial and tax strategies
 4. Manage the capital request and budgeting processes
 5. Develop performance measures and monitoring systems that support the company's strategic direction
  
 Operations
  
 1. Participate in key decisions as a member of the executive management team
 2. Maintain in-depth relations with all members of the management team
 3. Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
 4. Oversee the financial operations of subsidiary companies and foreign operations
 5. Manage any third parties to which accounting or finance functions have been outsourced
 6. Oversee the company's transaction processing systems
 7. Implement operational best practices
 8. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
 9. Supervise acquisition due diligence and negotiate acquisitions
  
 Financial Information
  
 1. Oversee the issuance of financial information
 2. Personally review and approve all Form 8-K, 10-K, and l0-Q filings with the Securities and Exchange Commission (if the company is publicly held)
 3. Report financial results to the board of directors
  
 	 
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 Risk Management
  
 1. Understand and mitigate key elements of the company's risk profile
 2. Monitor all open legal issues involving the company, and legal issues affecting the industry
 3. Construct and monitor reliable control systems
 4. Maintain appropriate insurance coverage
 5. Ensure that the company complies with all legal and regulatory requirements
 6. Ensure that record keeping meets the requirements of auditors and government agencies
 7. Report risk issues to the audit committee of the board of directors
 8. Maintain relations with external auditors and investigate their findings and recommendations
  
 Funding
  
 1. Monitor cash balances and cash forecasts
 2. Arrange for debt financing and equity financing
 3. Invest funds
 4. Invest pension funds
  
 Third Parties
  
 1. Participate in conference calls with the investment community
 2. Maintain banking relationships
 3. Represent the company with investment bankers and investors
  
 Supervises: Controller, Tax Manager, Human Resources Manager, Investor Relations Officer
  
 	 
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