Document:

CONSULTING AGREEMENT

 

THIS AGREEMENT is made this ____
day of January 15, 2013, by and between Benjamin L. Padnos ("Consultant"), whose address is 221 34th Street,
Manhattan Beach, CA 90266, and Petrosonic Energy, Inc. (“PSON”), whose address is 714 1st Street SE, Suite 300, Calgary,
Alberta Canada T2G 2G8.

 

WHEREAS, Petrosonic Energy, Inc.
is a publicly-traded company (PSON) focusing on the de-asphalting and separation of asphalt from heavy
crude oil, oil sands, and waste oils;

 

WHEREAS, Consultant has valuable
knowledge, relationships, experience and expertise in matters involving micro-cap company financing, investor relations, internet
and social media marketing and strategy; and

 

WHEREAS, PSON desires to engage Consultant,
and Consultant desires to enter into a consulting agreement with PSON, to provide consulting services and assistance to PSON with
respect to specific initiatives surrounding Petrosonic Energy, Inc. (PSON);

 

NOW, THEREFORE, in consideration
of the foregoing premises, the mutual covenants and agreements contained herein and other good and valuable consideration the receipt
and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

 

AGREEMENT

 

		1.	Relationship of the Parties. It is hereby expressly acknowledged and agreed by the parties that Consultant is an independent
contractor and not an employee or agent of PSON. Consultant further acknowledges and agrees that it shall have no authority to
bind PSON in any manner. This Agreement is strictly a business consulting agreement and shall not be construed as creating an employer/employee
relationship, and neither party shall become bound by any representation, act, or omission of the other party which is contrary
to the terms of this Agreement.

 

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		2.	Term of Agreement. The term of this Agreement shall be for an initial period of twelve (12) months, beginning January
15, 2013, and continuing through January 15, 2014, unless otherwise terminated as provided herein.

 

		3.	Performance. During the term of this Agreement and in a professional and timely manner, Consultant shall assist and
provide consulting services to PSON with respect to the Project Objectives (as defined below) and in accordance with the terms
and provisions of this Agreement. Consultant shall make himself available to perform such consulting services at times mutually
agreed upon during the term of this Agreement.

 

		4.	Objectives. The parties have developed and agreed upon the overall objectives and certain project goals, tasks and responsibilities
of the parties as set forth on the attached APPENDIX “A” (the “Project Objectives”). The
parties hereby acknowledge and agree that the Project Objectives shall be revised and amended from time to time as deemed necessary
by the mutual agreement of the parties.

 

		5.	Amount of Service. Consultant may engage in any other gainful occupation, or perform services for, and/or be employed
by, any other entity during the term of this Agreement, as Consultant in his sole discretion sees fit; provided, that such other
occupation, service, or employment does not materially interfere with or prevent Consultant from performing his duties and obligations
under this Agreement.

 

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		6.	Professional Conduct. During and after the term of this Agreement, Consultant agrees to maintain a professional manner
and to avoid and refrain from any conduct which would tend to disparage PSON, its affiliates, shareholders, directors, officers,
or employees, which might jeopardize or be prejudicial to any business, professional, or personal relationship of PSON, or any
of the above-mentioned representatives, or which might damage the business, professional, or personal reputation of PSON, or any
of the above-mentioned representatives. During and after the term of this Agreement, PSON agrees to maintain a professional manner
and to avoid and refrain from any conduct which would tend to disparage Consultant, its affiliates, shareholders, directors, officers,
or employees, which might jeopardize or be prejudicial to any business, professional, or personal relationship of Consultant, or
any of the above-mentioned representatives, or which might damage the business, professional, or personal reputation of Consultant,
or any of the above-mentioned representatives.

 

		7.	Confidentiality. During the term of this Agreement and thereafter, Consultant agrees to maintain the confidentiality
of all proprietary and confidential information of PSON, including without limitation, trade secrets, business practices, policies,
accounts, marketing strategies, pricing, books, records, contracts, reports, manuals, customer lists, computer software or programming,
budgets and other financial information, or the like (the “Confidential Information”), obtained by it at any time before
or during the term of this Agreement, and to use the Confidential Information solely in connection with the performance of its
duties and obligations under this Agreement. Consultant further agrees that it will not otherwise use or exploit the Confidential
Information and that it will not disclose any of the Confidential Information to any person or entity without the prior written
consent of PSON, unless (a) such disclosure is required by law, or (b) such Confidential Information is independently disclosed
into the public domain by a third party, or (c) such Confidential Information is disclosed pursuant to the enforcement of Consultant’s
rights hereunder.

 

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		8.	Limited Liability. The parties acknowledge and agree that Consultant is not making any express or implied representation
or warranty with respect to the success of the Project Objectives or consultant’s services. Consultant shall not be liable
to PSON or any of its affiliates, employees, stockholders, managers, members, directors or to any third party who may claim any
right due to any relationship with PSON for any damages, losses, claims or liabilities whatsoever related to, arising out of, or
resulting from, Consultant’s performance of the Project Objectives, the delivery of any Campaign or any acts or omissions
in the performance of the consulting services performed by Consultant pursuant to this Agreement, unless such damages, losses,
claims or liabilities relate to, arise out of, or result from the willful misconduct or gross negligence of Consultant. CONSULTANT
EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING FROM OR RELATED TO ANY BREACH
OF THIS AGREEMENT OR THE PERFORMANCE OF CONSULTANT’S DUTIES HEREUNDER, INCLUDING BUT NOT LIMITED TO LOSS PROFITS. PSON shall
indemnify and hold Consultant free and harmless from all loss, damages, expenses, obligations, costs, claims, demands and liabilities,
including reasonable attorney's fees, related to, arising out of or resulting from Consultant’s performance of the consulting
services rendered to PSON pursuant to the terms of this Agreement or in any way connected with the rendering of such services or
PSON’s breach of its obligations hereunder, unless the same shall relate to, arise out of, or result from willful misconduct
or gross negligence of Consultant. Consultant shall indemnify and hold PSON free and harmless from all damages, expenses, obligations,
costs, claims, demands and liabilities, including reasonable attorney’s fees, related to, arising out of, or resulting from
the willful misconduct or gross negligence of Consultant.

 

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		9.	Consulting Fee. PSON shall pay to Consultant, or its assignee, the sum of 100,000 shares of Petrosonic Energy, Inc.
(PSON) stock, paid in four equal quarterly installments. The first tranche will be paid on April 15, 2013.

 

		10.	Expenses. PSON shall reimburse Consultant for all reasonable and necessary travel expenses incurred by Consultant in
connection with the performance of the consulting services pursuant to this Agreement, including, but not limited to, round trip
airfares, lodging and hotel expenses, meals and rental car expenses (collectively, “Expenses”), but only if approved
in advance by the Company in writing and upon presentation by Consultant of written verification of such expenses in the manner
prescribed by or with the written approval of PSON. Consultant hereby agrees to submit said travel expenses to PSON for pre-approval
when reasonably possible.

 

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		11.	Personnel Support. PSON agrees to provide Consultant with all reasonable personnel support necessary (as mutually agreed
upon by the parties) for the development and implementation of the Initiative.

 

		12.	Termination.

 

		(a)	In the event that Consultant materially breaches this Agreement, or fails to perform his duties and
obligations hereunder and fails to cure such breach or perform such duties and/or obligations within a reasonable period of time,
PSON may terminate this Agreement and its obligations hereunder upon ten (10) days written notice to Consultant.

 

		(b)	If, during the term of this Agreement, Consultant shall fail to perform the duties and obligations
under this Agreement on account of illness or other incapacity, and such illness or other incapacity shall continue for a period
of more than two (2) weeks, then PSON may terminate this Agreement by written notice to Consultant.

 

		(c)	In the event of the death of Consultant during the term of this Agreement, this Agreement shall immediately
terminate.

 

		(d)	In the event that PSON materially breaches this Agreement, or fails to perform its duties and obligations
hereunder and fails to cure such breach or perform such duties within a reasonable period of time, Consultant may terminate this
Agreement and his obligations hereunder upon ten (10) days written notice to PSON. The failure by PSON to pay in full when due
any and all amounts owed to Consultant in accordance with the terms of this Agreement shall constitute a material breach.

 

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		(e)	In the event that Consultant is terminated, Consultant shall be paid only the Compensation that has
been earned up to the time of termination The Consultant shall also be reimbursed for any expenses that the Company has pre-approved
prior to date of termination.

  

		13.	Remedies. Any claim or controversy arising out of or relating to this agreement, or any breach thereof, or otherwise
relating to this Agreement, the Base Fee, bonus compensation, Expenses, or the termination thereof, shall be settled by arbitration
in Los Angeles, California in accordance with the rules established by the American Arbitration Association provided, however that
Consultant and PSON agree that: (i) the arbitrator shall be required to follow established principles of substantive law and the
law governing burdens of proof; (ii) only legally protected rights may be enforced in arbitration; (iii) the arbitrator shall be
without authority to award punitive or exemplary damages; (iv) the arbitrator shall be an attorney licensed to practice law in
California who has experience in similar matters; and (v) any demand for arbitration must be filed and served, if at all, within
180 days of the occurrence of the act or omission complained of. Any claim or controversy not submitted to arbitration in accordance
with this paragraph shall be considered waived, and thereafter, no arbitration panel or tribunal or court shall have the power
to rule or make any award on any such claim or controversy. The award rendered in any arbitration proceeding held under this paragraph
shall be final and binding, and judgment upon the award may be entered in any court having jurisdiction thereof, provided it conforms
to established principles of law and is supported by substantial record evidence. The expenses of the arbitrator shall be shared
equally by the parties to the arbitration, except if one party prevails on all counts, that party will reimburse the other for
all costs, expenses and reasonable attorneys’ fees incurred in connection with the arbitration. Notwithstanding anything
in this Agreement to the contrary, each of the parties hereto shall be entitled to seek such equitable or injunctive relief from
the courts as such party shall in its sole discretion deem necessary to protect its rights hereunder.

 

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		14.	Notices. All notices or other documents under this Agreement shall be in writing and promptly delivered personally or
by facsimile, overnight courier or certified mail, return receipt requested, and addressed to the parties at the addresses set
forth above.

 

		15.	Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement shall not operate as or
be construed as a waiver of any subsequent breach.

 

		16.	Parties Bound. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective
heirs, personal representatives, successors and assigns.

 

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		17.	Partial Invalidity. In the event that any one or more of the provisions contained in this Agreement shall for any reason
be held to be invalid, illegal, or unenforceable in any respect, the invalidity, illegality or unenforceability shall not affect
any other provision, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision had never been
contained herein.

 

		18.	Paragraph Headings. All paragraph headings contained herein are for the puPSONoses of convenience only and shall not
limit or otherwise influence the intePSONretation or construction of this Agreement.

 

		19.	Entire Agreement. This Agreement constitutes the sole and only
agreement of the parties hereto with respect to the subject matter hereof and may not be amended except by the written agreement
of the parties hereto.

 

		20.	Governing Law. 
This Agreement, its validity, construction and effect shall be governed by and constructed in accordance with the laws of
the State of California applicable to contracts executed in California and wholly to be performed in California. In any action
arising under this Agreement filed in state court, jurisdiction and venue will lie exclusively in the courts in Los Angeles County,
California.

 

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IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed on the date first set forth above. 

 

	 	COMPANY
	 	 
	 	PETROSONIC ENERGY, INC.
	 	 	 
	 	By:	/s/ Art Agolli
	 	 	 
	 	Title 	Art Agolli – CEO
	 	 	 
	 	Date	15th of January, 2013
	 	 	 
	 	CONSULTANT:
	 	 
	 	BENJAMIN L. PADNOS
	 	 	 
	 	By 	/s/ Benjamin L. Padnos
	 	 	 
	 	Date	 

  

    	CONSULTING AGREEMENT	PAGE -10-

    	 

    

 

APPENDIX A

 

PROJECT OBJECTIVES

 

1.           Consultant’s
Tasks and Responsibilities. Consultant agrees to and shall: 

 

		·	Provide strategic consultation to Richardson Patel LLP and Petrosonic Energy, Inc. and perform
due diligence on any and all other activities related to current and future financings.

 

		·	Assist Richardson Patel LLP and Petrosonic Energy management with introductions to potential investors,
investor relations firms and any other relevant partners

 

		·	Provide general corporate strategy, business development and investor relations services to Petrosonic
Energy, Inc.

 

2.           PSON and Consultant
will agree on any key deliverables that will be reviewed monthly to keep the Agreement and Project Objectives on track.

 

    	CONSULTING AGREEMENT	PAGE -11-Investor Relations and Strategic Communications

 

Contract for Investor Relations Services

 

Client: Petrosonic Energy Inc.

 

Petrosonic Energy Inc

Suite 204-205 9 Ave SE

Calgary, AB, T2G 0R3

Canada 

 

January 1, 2013

 

This agreement, dated January 1st, 2013, is made
By and Between Ormont Investor Relations and Strategic Communications, whose address is 1200 Westlake Avenue North, Suite 1006,
Seattle, WA 98109, referred to as “Ormont” or Consultant”, AND Petrosonic Energy Inc. whose address is Suite
204-205 9 Ave SE, Calgary, AB, T2GOR3, Canada, referred to as “Petrosonic” “the Company” or “Company”.

 

Petrosonic is a publicly traded Company currently listed on
the OTC Bulletin Board under the ticker symbol PSON. Petrosonic desires to increase exposure to individual and institutional investors
for the purpose of raising general awareness of the Company among this audience and increasing its investor following and for the
purpose of facilitating one or more possible financings.

 

Ormont is a consulting and executive management support services
firm with a practice in investor relations and strategic communications. Ormont provides a range of related services and support.

 

1. Consulting Services.
The Company hereby employs the Consultant to perform the following services in accordance with the terms and conditions set forth
in this agreement: Ormont will work with Petrosonic management to help the Company develop and execute an effective investor
outreach and communications strategy. Ormont will represent Petrosonic on an ongoing basis (see Term) with the aim of establishing
a broadly-based, active and loyal investor following for Petrosonic and helping to ensure that the Company’s shares are actively
traded.

 

    	 

    	 

    

 

 

Investor Relations and Strategic Communications

 

Ormont will help develop and deliver communications to:

		-	Buy side (institutional) investors and analysts

		-	Sell side (retail and institutional) investors and analysts

		-	Business and Financial media

		-	Science, technology and/or trade media (as appropriate)

 

Ormont will advise and assist with all forms of investor communications
and interactions subject to the direction and oversight of the Company’s management. These will include both direct communications
with investors (meetings, presentations, conferences, conference calls, webcasts) as well as communications through broader channels
such as financial and business media, the Company’s website or the Company’s public announcements.

 

Ormont will develop and maintain investor lists and an investor
database and actively target investors who are well suited to Petrosonic’s business profile and stage of development and
who we believe may have an interest in becoming long-term followers of the Company.

 

Ormont can handle all incoming investor inquiries and respond
promptly to inquiries and requests for information. Ormont will also coordinate follow up from investor meetings, calls or conferences
to include correspondence and/or mailings. Ormont plans to work closely with the Company’s management in developing communications
materials aimed at the financial community to include presentations, press releases, corporate summaries, annual reports and the
like.

 

Ormont will also identify, qualify and secure opportunities
for the Company to present to investors including conferences, group meetings, one-on-one meetings with qualified investors and
roadshows (financing and non-deal).

 

Ormont will manage the logistics for distribution of news announcements
and press releases and will coordinate dissemination of news releases through third party services to ensure broad, distribution
to a well-targeted audience in a timely fashion, and we will coordinate access to management by financial and business media following
press releases, events or Company announcements.

 

Ormont will help plan and arrange shareholder and investor events
for the Company, including financing and non-deal roadshows, analyst days, conference calls and annual meetings.

 

    	 

    	 

    

 

 

Investor Relations and Strategic Communications

 

Ormont principals and/or associates can be made available on
a limited basis on-site or to travel subject to availability (See Fees and Expenses below) or on a fee per person per day basis
to provide support for roadshow activities, conferences and investor meetings.

 

2. Term. The Term of this contract is for
one year beginning on January 1 2013 and ending on December 31 2013.

 

3. Fees and Expenses. Billing and Payment Terms.
Ormont’s fees will be billed, earned and received from Petrosonic on a monthly basis as of the 1st of each month, beginning
on January 1, 2012 (and no later than ten business days from the receipt of an invoice see Payment Terms below). Petrosonic will
pay Ormont’s fee as a combination of cash payments and shares of common stock as enumerated below.

 

Fee Structure. The parties agree that upon execution
of this contract, Petrosonic will compensate Ormont according to the Fee Structure. Under the Fee Structure, on the 1st of each
month, beginning with the date of this contract. Petrosonic will pay to Ormont, or its designee(s), $8,000 plus 22,500 shares of
common stock which shall be exempt from the company’s Repurchase Right (see “Repurchase Right”).

 

Equity Compensation, Vesting and Repurchase Right

 

Upon the execution of this agreement, the Company will issue
to Consultant 270,000 shares of Petrosonic common stock (PSON).

 

Beginning 90 days from the date of this agreement, the Company
will have a conditional right to repurchase (the “Repurchase Right”) from the Consultant the lesser of 202,500 shares
of common stock or the remaining unvested portion of the Common stock, for total aggregate consideration of $1.00 (One dollar US).

 

The Company may only exercise the Repurchase Right if it terminates
the contract.

 

The number of shares subject to the Repurchase Right will decline
monthly at the rate of 22,500 shares/month, as long as the contract has not been terminate until at the end of the one year term
no shares remain subject to the Repurchase Right. .

 

Termination of the contract by Petrosonic will constitute exercise
of the Repurchase Right by the Company. The number of shares subject to the Repurchase Right will be calculated consistent with
all other fees as described under the section herein entitled Notice Requirement.

 

Fees for On-site Meetings. The scope of this fee agreement
will include Ormont staff accompanying the Company on roadshow’s or at in person meetings for up to five days during the
term of the agreement, and subject to staff availability. Petrosonic will reimburse consultant for approved travel and lodging
expense (as below).

 

    	 

    	 

    

 

 

Investor Relations and Strategic Communications

 

Expenses. Petrosonic will promptly reimburse Ormont for
expenses incurred through activities directly related to Petrosonic. Expenses would include travel, printing, some telephone charges,
postage and other such out of pocket expenses. Such expenses are subject to prior approval by Petrosonic management and will be
recorded and reported to the Company by Consultant in a form acceptable to the Company.

 

Related third party services. Company and Consultant
agree that any third parties for related services including but not limited to services such as newswire distribution services
for press releases, conference call hosting, or hosting of the Investor Relations section of the Company’s website, will
be engaged and compensated directly by the Company.

 

4. Cancellation and Notice Requirements. Following
an initial two-month period (during which the contract may not be cancelled), the contract may be cancelled by either party with
30 days notice (the Notice Requirement) to be provided to the other party in writing and at the address recorded herein.

 

Notice Requirement. The parties agree that each will
provide a minimum of 30 days written notice to either cancel or modify the contract. The contract will be deemed to have been cancelled
or modified at the end of the billing period for the month following the month in which notice was given by either party. Termination
of the contract will automatically trigger the Company’s Repurchase Right with respect to the Shares of common stock. The
Repurchase Right will apply to the unvested balance remaining at the end of the billing period for the month following the month
in which notice was given by either party.

 

5. Independent Contractor.
Both the Company and the Consultant agree that the Consultant will act as an independent contractor in the performance of its duties
under this contract. Accordingly, the Consultant shall be responsible for payment of all taxes including Federal, State and local
taxes arising out of the Consultant's activities in accordance with this contract, including by way of illustration but not limitation,
Federal and State income tax, Social Security tax, Unemployment Insurance taxes, and any other taxes or business license fee as
required.

 

6. Confidential Information.
The Consultant agrees that any information received by the Consultant during any furtherance of the Consultant's obligations in
accordance with this contract, which concerns the personal, financial or other affairs of the Company will be treated by the Consultant
in full confidence and will not be revealed to any other persons, firms or organizations.

 

    	 

    	 

    

 

 

Investor Relations and Strategic Communications

 

7. Employment of Others.
The Company may from time to time request that the Consultant arrange for the services of others. All costs to the Consultant for
those services will be paid by the Company but in no event shall the Consultant employ others without the prior authorization of
the Company.

 

8. Jurisdiction. The validity of this agreement
shall be determined in accordance with the internal laws of the State of California. In the case of any disputes outside of the
United States of America, disputes under this Agreement shall be settled by binding arbitration under the rules of the ICC, with
all proceedings and writings to be in the English language.

 

9. Communications. Any and all notices, requests,
demands or other communications hereunder shall be in writing, and deemed given and received if delivered personally or sent by
certified or registered mail, postage prepaid, return receipt requested to each of the parties hereto at the addresses hereinabove
first written or such other addresses as may from time to time be designated by any of them in writing.

 

    	 

    	 

    

 

 

Investor Relations and Strategic Communications

 

Signatures. Both the Company and the Consultant agree to the
above contract.

 

	 	Petrosonic, Inc.
	 	Name: 	Art Agolli	 
	 	Title: 	CEO	 
	 	Signature: 	/s/ Art Agolli	 
	 	Date: 	02/01/2013 (European)	 
	 	 	 	 
	 	Ormont Investor Relations and Strategic Communications:
	 	 	 	 
	 	Name: 	John McFarland	 
	 	Title: 	Managing Partner	 
	 	Signature: 	/s/ John McFarland	 
	 	Date: 	01/03/2013 (U.S.)	 

 

    	 

    	 

    

 

ASSIGNMENT AND ASSUMPTION OF SERVICES
AGREEMENT

 

This Assignment and Assumption of Services
Agreement (“Agreement”) is made as of February 26, 2013 (the “Effective Date”),
by and among PETROSONIC ENERGY, INC., a Nevada corporation (“Company”), ORMONT INVESTOR RELATIONS AND
STATEGIC COMMUNICATIONS, LLC (“Assignor”), a limited liability company, and LOMA MANAGEMENT PARTNERS
INC. (“Assignee”), with reference to the following facts:

 

A.         Assignor, as the service provider, and the Company
(as client) entered into a Contract for Investor Relations Services on January 1, 2013, a copy of which is attached hereto as Exhibit
A (the “Services Contract”).

 

B.         The parties desire to make an arrangement
whereby the Assignee takes over and assumes all rights and obligations under the Services Contract from the Assignor.

 

C.         As of the date of this Agreement, the
Company has made payment of the monthly cash fees for the months of January and February 2013 and reimbursement of certain expenses
invoiced by Ormont and approved by the Company but has not issued any of the shares of Company common stock.

 

D.         The Company desires to consent to this
Agreement and the transactions contemplated hereby.

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

 

1.         Incorporation of Recitals; Definitions. The
above recitals are true and correct and are incorporated herein as if set forth in full. All capitalized terms used in this Agreement,
but not defined herein, shall have the same meaning as ascribed to such terms in the Services Contract.

 

2.         Assignment. In consideration for the obligations
set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor
hereby assigns and transfers to Assignee, effective as of the Effective Date, all of Assignor’s rights, title and interest,
whether now existing or hereafter arising, in and to the Services Contract. For sake of clarity, this clause includes but is not
limited to the right to receive 270,000 shares of Company common stock, subject to a right to repurchase by the Company as set
forth in Section 3 of the Services Contract.

 

3.         Assumption of Obligations. Assignee hereby
agrees to and accepts the assignment of Assignor’s rights under the Services Contract, and expressly assumes and agrees to
keep and perform, effective on and after the Effective Date, all of the terms, conditions, and obligations required to be kept
and performed by Assignor under the Services Contract. On and after the Effective Date, all references in the Services Contract
to “Ormont” or “Consultant” shall refer to Assignee.

 

4.         Novation; Effective Date. For clarity, the
Assignor hereby novates to the Assignee all of its rights and obligations under the Services Agreement as of the Effective Date
of this Agreement, and the Assignee hereby accepts and takes over all of the Assignor’s rights and obligations and agrees
to be substituted as the Consultant under the Services Agreement on such date.

  

    	 

    	 

    

 

5.         Release. In exchange for the Assignee’s
commitment above, the Company hereby releases and discharges the Assignor from all of its obligations under the Services Agreement
as of the Effective Date. Notwithstanding the above and anything to the contrary in this Agreement, nothing in this Agreement shall
affect or prejudice any claim or demand which either the Company or the Assignee may have against the other relating to matters
arising before the Effective Date.

 

6.         Indemnification. Assignee agrees to indemnify,
defend and hold Assignor and its shareholders, managers, directors, officers, employees, agents and affiliates harmless from and
against any and all liabilities, claims, demands, losses, damages, costs and expenses (including, without limitation, reasonable
attorneys’ fees), actions or causes of action arising out of or relating to any liabilities or obligations arising under
the Services Contract which may accrue and/or is attributable to the period on or after the Effective Date.

 

7.         Successors. The provisions of this Agreement
shall be binding on and inure to the benefit of the parties and their respective successors and assigns.

 

8.         Counterparts. This Agreement may be executed
in several counterparts, each of which shall be deemed an original but all of which, when taken together, shall constitute a single,
binding, enforceable instrument. Delivery of a signed counterpart by facsimile transmission shall be as effective as delivery of
a manually signed counterpart of this Agreement.

 

9.         Governing Law. This Agreement shall be governed
under the laws of the State of California.

 

10.        Headings. The section headings used in this
Agreement are intended solely for convenience of reference and shall not in any manner expand, limit, modify or otherwise be used
in the interpretation of any of the provisions hereof.

 

11.        Entire Agreement. Except to the extent the
Services Contract is modified by this Agreement, the remaining terms and conditions of the Services Contract shall remain unmodified
and shall be in full force and effect. In the event of conflict between the terms and conditions of the Services Contract and the
terms and conditions of this Agreement, the terms and conditions of this Agreement shall prevail. This Agreement, together with
the Services Contract, constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes
any and all agreements or understandings, whether written or oral, between the parties with respect to such subject matter.

 

12.        Amendments. This Agreement may not be amended,
supplemented, canceled, or discharged except by written instrument executed by the parties hereto.

 

13.        Waivers. All waivers hereunder shall be in
writing. The failure of either party to enforce at any time for any period any provision hereof shall not be construed to be a
waiver of such provision.

 

[Remainder of Page Left Blank Intentionally]

 

    	 

    	 

    

 

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

 

	 	ASSIGNOR:
	 	 
	 	ORMONT INVESTOR RELATIONS AND
	 	STATEGIC COMMUNICATIONS, LLC 
	 	 	 
	 	By:	/s/ John McFarland
	 	 	John McFarland, Managing Partner
	 	 	 
	 	ASSIGNEE:
	 	 
	 	LOMA MANAGEMENT PARTNERS INC.
	 	 	 
	 	By: 	/s/ John McFarland
	 	 	 
	 	Name: 	John McFarland
	 	 	 
	 	Title: 	Managing Partner
	 	 	 
	 	COMPANY:
	 	 
	 	PETROSONIC ENERGY, INC. 
	 	a Nevada corporation
	 	 	 
	 	By:	/s/ Richard Raisig
	 	 	Richard Raisig
	 	 	Chief Financial Officer

 

    	 

    	 

    

 

EXHIBIT
A

 

Services
Contract

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]