Document:

DIRECTORS’
CONSENT RESOLUTION

ESTABLISHING
ATHLETE ADVISORY COMMITTEE

FOR

SPARBAR,
INC., A DELAWARE CORPORATION

 

 

 

THE
UNDERSIGNED, constituting all of the Directors of Sparbar, Inc. a Delaware Corporation (the “Company”) hereby
consent to the actions expressed in the following resolutions effective as of January __, 2020:

 

 

WHEREAS,
Kenny Lam has organized the Company pursuant to the General Corporation Law of Delaware (the “GCL”);

WHEREAS,
The Certificate of Incorporation for the Company and the GCL provide that the Directors may consent to actions in writing that
they could otherwise take in a meeting of the Directors;

WHEREAS,
the Directors, as contemplated by the Articles of Incorporation, desire to (i) establish an Athlete Advisory Committee as
an Advisory Committee and (ii) define the role, responsibilities, authority, membership, and operations of such committee;

NOW,
THEREFORE, it is hereby:

RESOLVED,
that the Directors hereby establish the Athlete Advisory Committee (the “Committee”) and approves its charter, in
the form presented in Exhibit “A” to this Resolution;

FURTHER
RESOLVED, that Company shall indemnify and hold harmless the Members of the Committee to the full extent authorized or permitted
by law with respect to any claim, liability, action, or proceeding instituted or threatened against or incurred by any Member
and arising in connection with the Member’s conduct or position at any time as a Member of the Committee;

FURTHER
RESOLVED; that the Directors will appoint the Members of the Committee; and

FURTHER
RESOLVED, that the acts taken above and resolutions are approved, ratified, and adopted.

 

IN
WITNESS WHEREOF, the undersigned have executed this written consent as of the dates indicated below.

 

{Signature
Page Follows}

 

     

     

    

For
SPARBAR, INC., A DELAWARE CORPORATION

 

 

	________________________________________
    	 	 	______________
    
	Kenny
        Lam, Director    

         

         

         

         
	 	 	Date 
	________________________________________
    	 	 	______________
    
	Lin
        Kuan Liang Nicolas, Director  

         

         

         

         
	 	 	Date 
	________________________________________
    	 	 	______________
    
	Jasvinder
    Singh Gill, Director    	 	 	Date 

 

     

     

    
Exhibit
“A”

Athlete
Advisory Committee Charter

 

		I.	Name.
                                         The Committee shall be called the Athlete Advisory Committee (the “Committee”).
                                         It is authorized by the Board of Directors and will serve at the pleasure of the governing
                                         body.

 

		II.	Purpose,
                                         Scope of Work and Benefit. The Committee is created as a standing committee for the
                                         purpose of working with the Sparbar, Inc. Board of Directors. The committee shall limit
                                         its activities to advising on matters that directly concern the products and growth of
                                         the Sparbar brand. The Committee shall have no legal responsibilities and is formed to
                                         give advice and recommendations to the board and management. It cannot compel the board
                                         or staff to act on its recommendations or feedback

 

The
Advisory Committee shall:

•      
be comprised of diverse skills and experiences 

•      
provide board and management with objective opinions about the organization 

•      
provide input, skills and knowledge towards specific brand building projects and initiatives

•      
sign a conflict of interest disclosure and waiver statements, if applicable

•      
consent to Sparbar’s use of Committee member names and likenesses for marketing purposes.

 

Specific
scope of work of the Advisory Committee may include the following:

•      
identify fundraising, technical assistance and marketing resources 

•      
assess the impact of programs, projects and events 

•      
serve as ad hoc on short-term events such as, the Annual Meeting 

•      
serve as a non-political advocate and ambassador for the organization 

•      
____________________________________________________________

•      
____________________________________________________________

•      
____________________________________________________________

 

		III.	Exclusions.

A.                 
Decision making. Advisory members shall have no power to make decisions about the organization. They cannot outline
rules for how the organization operate, give employees instructions or give directives to the Board of Directors or management.

 

B.                 
Spokesperson. Advisory members shall not speak on behalf of the organization without prior written approval of the
Board or CEO. This includes speaking to the press or discussing confidential business matters with employees, clients or vendors.

 

     

     

    

		IV.	Membership.
                                         The advisory committee shall consist of least ______ members. Members will be selected
                                         and appointed by the Board and each Member will consent to its appointment in writing.
                                         The term of each member shall be 1.5 years or some other term as specified by the Directors
                                         at the time of appointment of the Member.

 

		V.	Organizational
                                         Structure. The Board of Directors will appoint a President of the Committee to serve
                                         as the Committee’s representative to the Board.

 

		VI.	Procedural
                                         Rules.

 

A.                 
Meetings: The committee will meet at least ____ times per year. Written notices of upcoming meetings will be emailed
to members at least seven days before a meeting. Meeting shall be held at Sparbar, Inc. or offsite locations and may be conducted
electronically. 

B.                 
Minutes. Minutes of each meeting will be kept. The Committee President will ensure that minutes are kept and that
such minutes are emailed to the Board, Committee and management within two weeks after a meeting.

C.                 
Recommendations and Reports: Committee recommendations and reports will be submitted in writing to the board. Documents
will include both suggested action and justification for suggestions. The board will respond/react to such recommendations/reports
in writing.

D.                 
Dismissal. Members who are absent without reasonable cause from two successive meetings will be considered to have
resigned their seat. The Board of Directors will move to fill the position.BRAND AMBASSADOR
AGREEMENT

 

THIS BRAND AMBASSADOR AGREEMENT
(the “Agreement”) is made and entered into as of _________________ __, 2020 (the “Effective Date”), by
and between Sparbar, Inc., a Delaware Corporation (the “Company” or “Sparbar”) and ______________________
with an address at _________________ ___________, __________ (the “Brand Ambassador”).

 

		1.	Services. Subject to the
terms and conditions of this Agreement, the Company hereby appoints Brand Ambassador as a non-exclusive brand ambassador to perform
those services (“Services”) as reasonably requested by the Company from time to time, including but not limited to
the Services described on Exhibit “A” attached hereto.  Advisor shall devote Advisor’s commercially reasonable
efforts and attention to the performance of the Services of the Company on a timely basis.  Advisor shall also make himself
available to answer questions, provide advice and provide Services to the Company upon reasonable request and notice from the Company.
The services will include demonstration of consistent support and promotion of SparbarTM products (the “Products”)
on various media platforms, including social media platforms, including but not limited to Youtube, Twitter, Facebook, Instagram,
Snapchat, TikTok, and LinkedIn (the “Social Media Platforms”). The list of Social Media Platforms may be updated from
time to time by the Company in its sole discretion, and Company will provide Brand Ambassador with written notice of any such change.
Brand Ambassador will post a minimum of two (2) content items on the Social Media Platforms each calendar month during the term
of this Agreement. The content items will contain a photograph of a Product and will contain the hashtag #SmashTheBar. 

 

		2.	Compensation. In consideration
of the full performance of Brand Ambassador’s services as described herein, the Company shall compensate Brand Ambassador
as set forth in the attached Exhibit “A”. Brand Ambassador understands and acknowledges that this is the sole compensation
for the services described in this Agreement and that no additional compensation will be granted. The compensation described in
Exhibit A may be modified by the Company from time to time in its sole discretion, provided that any such modification will be
on a go-forward basis from the effective date of any such change. The Company will provide Brand Ambassador with 30 days’
notice of any such change. 

 

		3.	Relationship of the Parties.
Brand Ambassador is an independent contractor. The relationship between Company and Brand Ambassador shall not be construed to
be that of employer and employee, nor to constitute a partnership, joint venture or agency of any kind. Brand Ambassador will not
be considered an employee for purposes of any Company employment policy or any employment benefit plan, and Brand Ambassador will
not be entitled to any benefits under any such policy or benefit plan. Brand Ambassador is responsible for the payment of its own
taxes and insurance. Nothing contained herein shall

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		 	in any way restrict or otherwise
be deemed to prohibit Company from directly or indirectly, on its own or through third parties, from marketing, promoting, distributing
or licensing any Products or other electronic devices or software to any other party, or from entering into a similar arrangement
with any other party.

 

		4.	Intellectual Property Ownership.
Brand Ambassador acknowledges that the Products and any derivatives thereto are covered by patent, copyright, trademark and other
intellectual property rights owned or licensed by the Company. Brand Ambassador may use Sparbar’s trade names, trademarks
and service marks as provided to Brand Ambassador from time to time (the “Marks”) in the Territory on a non-exclusive
basis only during the term of this Agreement and solely for display or advertising purposes in accordance with this Agreement.
Marks shall inure to the exclusive benefit of the Company. Brand Ambassador acquires no right to any such Marks. Brand Ambassador
further agrees: (i) Brand Ambassador will follow the Mark guidelines of The Company; (ii) Brand Ambassador will not challenge the
validity of the Company’s Marks (whether currently in existence or additional Marks) at any time; and (iii) Brand Ambassador
will not attempt to register the Company’s Marks in any jurisdiction. No rights or licenses with respect to Product or the
Marks are granted or deemed granted hereunder or in connection herewith, other than those rights expressly granted in this Agreement
and all such rights are hereby expressly reserved by The Company and its licensors. 

Brand
Ambassador acknowledges that all documentation, any inventions and ideas, written material or other property, tangible or intangible,
arising out of or resulting from Brand Ambassador’s performance of the services provided hereunder, including without limitation
all photographs, images, themes, materials, and designs developed, created and/or provided by Brand Ambassador (“Work”)
is owned by the Company, for all purposes. Brand Ambassador agrees that all Work shall be deemed a “work made for
hire” and that the Company is and shall be deemed the author of the Work for all copyright purposes in all jurisdictions.
In the event that any Work is deemed not to be a work made for hire, Brand Ambassador hereby assigns
and transfers all right, title, ownership and interest therein, presently known or hereafter ascertained, including, but not limited
to, all copyright rights therein and the right to secure the copyright (and all renewals, reissues and extensions thereof) throughout
the world, without any restrictions as to use, to the Company. The Company may reproduce, modify, adapt, create derivative works
from, distribute, display, license, assign, transfer and/or otherwise use the Work, and all elements and derivatives thereof, in
whole or in part, in all media now known or hereafter developed (including without limitation in the Social Media Platforms, or
any other social media websites or applications), worldwide, in perpetuity, royalty-free and without restriction of any kind. Brand
Ambassador acknowledges the ownership and validity of the Company’s copyrights, brands, trademarks, trade dress, design patents,
patent applications and patent rights, whether or not created by or contributed to by Brand Ambassador.

 

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		5.	Likeness.
Brand Ambassador grants to Company the worldwide, perpetual, royalty-free, irrevocable right and permission to photograph, film,
videotape, and/or record Brand Ambassador and to display, reproduce, distribute, publish, exhibit and use in any other way Brand
Ambassador’s name (including any aliases), likeness, image, photographs, voice, signature, actual and paraphrased statements,
biographical information and any other information or attribute identifying or otherwise associated with Brand Ambassador (collectively,
“Likeness”), in whole or in part, distorted, altered, modified and/or adapted in character and/or in form, alone and/or
accompanied by other material, including any text, image and/or other creative elements that may be used in connection with the
Likeness, for any purpose whatsoever, including without limitation for the purpose of publicity, advertising, promotion, and/or
other marketing for the Company, the Work, and the Products in all media now known or hereafter developed (including without limitation
in the Social Media Platforms and other social media websites, and web and mobile applications). 

 

		6.	Representations,
Warranties and Obligations. Brand Ambassador shall
not make any warranties with respect to the Products to any third party. Brand Ambassador represents
and warrants that: (i) it will act in a timely manner with a high degree of professionalism and behave in a legal, ethical and
business-like manner, (ii) Brand Ambassador will present the Products in a truthful and sincere manner and will not engage in any
activity or action that may damage the Company’s reputation or the reputation of its Products, (iii) Brand Ambassador’s
Likeness and all Work provided hereunder are new and original to Brand Ambassador and do not infringe the intellectual property
rights, privacy rights, or publicity rights of any third party; (iv) Brand Ambassador has the full and unrestricted right and authority
to enter into and perform this Agreement and to grant the rights granted herein; (v) Brand Ambassador has complied and will comply
with all applicable laws, rules and regulations in rendering the services to be performed under this Agreement, including without
limitation, any Company policies (such as the privacy policy and trademark usage policy); (vi) Brand Ambassador has no commitments
or obligations inconsistent with this Agreement; (vii) the Work will not contain any disparaging, pornographic, defamatory and/or
illegal material. Brand Ambassador agrees and understands that during the term of this Agreement, Brand Ambassador shall not provide
services to any competitor without prior written consent from The Company. Brand Ambassador will not promote the Products through
unsolicited or spam emails. 

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		 	in law or equity, whether known
or unknown, foreseen or unforeseen, arising at any time out of and/or directly or indirectly relating to the use of the Work and/or
Brand Ambassador’s Likeness and/or any breach or alleged breach of any of the terms of this Agreement or breach of any warranty
or representation hereunder.

 

		8.	Confidential
information. During the term of this Agreement, Brand
Ambassador will regard any information provided to it by Company as confidential (“Confidential Information”). Brand
Ambassador will not disclose Company’s Confidential Information to any third party without the prior written consent of Company,
nor make use of any of the Company’s Confidential Information except in its performance under this Agreement. Information
will not be deemed Confidential Information hereunder if such information is known by Brand Ambassador prior to receipt from Company
without any obligation of confidentiality, or becomes publicly known or otherwise publicly available, except through a breach of
this Agreement. Each party accepts responsibility for the actions of its agents or employees and shall protect the other party’s
Confidential Information in the same manner as it protects its own valuable confidential information, but in no event shall less
than reasonable care be used. Brand Ambassador acknowledges that disclosure of any Confidential Information may give rise to irreparable
injury to Company, and Company may seek and obtain injunctive relief against the breach or threatened breach of the foregoing undertakings,
in addition to any other legal remedies that may be available. 

 

		9.	Term and Termination.
The term of this Agreement (the “Term”) shall be the period commencing on the Effective Date and terminating on the
eighteen (18)-month anniversary of the Effective Date. Either party may terminate this agreement for any reason upon ten (10) days’
prior written notice delivered by either party to the other.   Notwithstanding anything else in this Agreement to the contrary,
the Parties agree that Sections 3-11 shall survive any termination or expiration of this Agreement. 

 

		10.	Waiver of
Damages. In no event shall Company have any liability
to Brand Ambassador for any special, consequential, incidental, multiple, punitive, or other indirect loss or damages, or for any
loss of profits, business opportunity, competitive advantage, or goodwill arising out of this Agreement. The Company’s total,
cumulative liability for any and all claims and damages under this Agreement, whether arising by statute, contract, tort or otherwise,
will not exceed the amounts paid hereunder during the twelve (12) month period immediately preceding the event giving rise to the
claim. 

 

		11.	Miscellaneous. This Agreement
supersedes and cancels any previous agreements or understandings, whether oral, written or implied, heretofore in effect between
the Parties and sets forth the entire agreement between the Parties. No modification or change may be made in this Agreement except
in writing as signed by each Party. The validity, interpretation, enforceability and performance of this Agreement shall be governed
by and

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		 	construed in accordance with
the laws of the State of New York.  Venue for any and all disputes arising out of this Agreement shall be in the City of New
York, State of New York. Neither the 1980 United Nations Convention on Contracts for the International Sale of Goods nor the United
Nations Convention on the Limitation Period in the International Sale of Goods will apply to this Agreement or any transaction
under it. This Agreement may not be assigned by Brand Ambassador without written consent from The Company. This Agreement shall
be binding upon, and inure to the benefit of, the parties hereto and their respective legal representatives, successors and permitted
assigns. The waiver by either Party of any right hereunder or the failure to enforce at any time any of the provisions of this
Agreement, or any rights with respect thereto, shall not be deemed to be a waiver of any other rights hereunder or of any breach
or failure of performance of the other Party. If, under applicable law or regulation, any provision of this Agreement is invalid
or unenforceable, or otherwise directly or indirectly affects the validity of any other material provision(s) of this Agreement
(such invalid or unenforceable provision, a “Severed Clause”), this Agreement shall endure except for the Severed Clause.

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the Effective Date,

 

	SPARBAR, INC.	 	BRAND AMBASSADOR:
	A Delaware Corporation	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	____________________________________	 	 __________________________________________
	By: Kenny Lam	 	Signature
	Its: Director	 	Print Name: __________________________
	 	 	 
	 	 	Address and E-mail:
	 	 	__________________________________________
	 	 	__________________________________________
	 	 	__________________________________________
	  	 	 

 

 

 

 

 

 

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EXHIBIT A TO
ATHLETE ADVISORY COMMITTEE AGREEMENT

 

		I.	Services.
As a Brand Ambassador, you will:

 

		A.	Provide and/or
approve quotes for news stories, marketing releases, and press releases;

		B.	Provide fight
night/fight week dressing room/training room/green room access to Sparbar media staff, if applicable;

		C.	Provide fight
night/fight week dressing room/training room/green room access to ___ VIPs designated by Sparbar, if applicable;

		D.	Wear apparel,
sports gear, and/or applied logos for fights, travel, sporting, non-sporting, and media events;

		E.	Work with
Company in good faith to provide product placement in areas under Brand Ambassador control or relationship;

		F.	Mention Sparbar
wherever possible in non-fight/pre-fight/post-fight interviews, podcasts, and press conferences; 

		G.	Publish at
least two social media posts about Sparbar each month on each Social Media Platform associated with Brand Ambassador with hashtag
#SmashTheBar.

 

		II.	Compensation.

 

		A.	In consideration
for services provided by Advisor to Company, Company shall issue to Advisor a retainer of 50,000 shares of the Company’s
common stock, to be paid as follows: Half upon the full execution of this Agreement, and half on the nine-month anniversary of
the Effective Date. 

		B.	Company shall
pay Advisor a bonus in Company common stock for each additional famous or recognizable athlete/celebrity introduced to Sparbar
by the Brand Ambassador to actually enroll in Sparbar’s Brand Ambassador program or join Sparbar’s Athlete Advisory
Committee, provided the athlete or celebrity remains in said program for a minimum of 9 months, as follows:

 

		a.	C-list athlete/celebrity:
5,000 shares

		b.	B-list athlete/celebrity:
10,000 shares

		c.	A-list athlete/celebrity:
15,000 shares

		d.	A+-list athlete/celebrity:
20,000 shares

 

The Board of Directors
of Sparbar Inc. will make the sole and final determination of the list level of each athlete/celebrity enrolled by Advisor.

 

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