Document:

DISTRIBUTION
and licensing AGREEMENT 

 

This Agreement is effective this __ day of
____, 2020 (“Effective Date”), by and between Sparbar LTD, a corporation organized and existing under the laws
of the United Kingdom (“Manufacturer”), and Sparbar Inc., a Delaware Corporation (“Distributor”).

 

WHEREAS the
intellectual property related to the Product (as defined below), including trademarks, patents, construction manuals, websites,
and other intellectual property, is owned or controlled by Manufacturer;

 

WHEREAS Manufacturer
wishes to appoint Distributor to manufacture and sell the Product in the United States, and Distributor is willing and able to
manufacture import, promote, distribute, and sell Product under the Trademarks in the United States.

 

NOW, THEREFORE,
the parties, intending to be legally bound, agree as follows:

 

Article I:
Definitions

 

Wherever used
in this Agreement, the following terms have the following meanings:

 

		1.1	“Product” or “Products” means any and all Sparbar products available
to the U.S. market currently or in the future, under this agreement and the laws of the United States.

 

		1.2	“IP” means all patents, trademarks, copyright, service marks, logotypes, commercial
symbols, insignias, and designs pertaining thereto, including, but not limited to, the trademark [TM] “Sparbar” and
all logotypes associated therewith, owned by the Manufacturer, as the same may be amended, modified, revised, or improved hereafter
that are associated and identified with the manufacture and sale of the Product.

 

Article II:
Appointment of Distributor

 

		2.1	Subject to the terms and conditions of this Agreement, Manufacturer appoints Distributor:

 

		(a)	as its exclusive agent for the manufacture, assembly, import, promotion, distribution, and sale
of Product in the United States

		(b)	This Agreement grants the Distributor the right to distribute the Product, as well as to advertise
the Product or to have it advertised by a third party.

 

     

     

    

Article III:
Use and Licensing Of IP

 

		3.1	Manufacturer hereby grants and agrees to grant to Distributor a fully paid-up, perpetual, exclusive,
non-transferable license in and for the United States, with no right to grant sublicenses, to: make, have made for Distributor,
use, offer for sale, sell, import and otherwise dispose of the Products.

 

		3.2	Manufacturer hereby grants and agrees to grant to Distributor a fully paid-up, perpetual, , exclusive,
non-transferable license in and for the United States, with no right to grant sublicenses, to use the IP for any purpose consistent
with the making, using, marketing, offering for sale, selling, importing, or exporting of the Products.

 

		3.3	Distributor agrees to cooperate fully and in good faith with the Manufacturer for the purpose of
securing, preserving, and protecting Manufacturer’s rights in and to the IP.

 

		3.4	Distributor shall report to Manufacturer, in writing, any infringement or imitation of the IP of
which Distributor becomes aware. Manufacturer shall have the sole right to determine whether to institute litigation upon such
infringements as well as the selection of counsel. Manufacturer may commence or prosecute any claims or suits for infringement
of the Trademarks in its own name or in the name the Distributor or may join Distributor as a party thereto.

 

		3.5	Distributor shall cooperate with Manufacturer and lend whatever assistance is necessary in the
prosecution of such litigation. If Manufacturer decides not to institute such litigation, it may authorize, within its sole discretion,
in writing, Distributor to institute such litigation.

 

		3.6	Upon the issuance of a stock or ticker symbol for Sparbar, Inc. by the relevant regulatory authority,
the licenses referred to in §§3.1-3.2 above, shall apply worldwide.

 

Article IV:
Fees

 

		4.1	Within ___ days after the Effective Date, Distributor will transfer SIX MILLION (6,000,000) SHARES
of Sparbar Inc. (the “Licensing and Distribution Fee”) to Manufacturer in consideration for this Agreement.

 

		4.2	Within 30 days after the Effective Date, Distributor will pay THIRTY THOUSAND AND 00/100 Dollars (USD$30,000.00)
to Manufacturer for Manufacturer’s legal and administrative expenses relating to protection of intellectual property in the
Product (the “I.P. Protection Fee”).

 

     

     

    

Article V: Registration of Product

 

		5.1	Distributor shall register the Product with the regulatory authorities of the United States as
required by law.

 

		5.2	Distributor will use all possible care and diligence to obtain the prompt issuance of the registration
for the Product.

 

		5.3	All expenses incurred relating to the registration of Product, including but not limited to taxes,
official fees that might be required by the government authorities of the United States shall be borne by the Distributor.

 

Article VI:
Supply Terms

 

		6.1	Distributor agrees that Manufacturer shall be Distributor’s sole supplier of Products and
agrees that it will distribute only Products in the United States purchased from Manufacturer or manufactured or imported pursuant
to a license from Manufacturer. Distributor shall not manufacture any product from any other supplier without the consent of Manufacturer.

 

		6.2	Since Manufacturer has made, or is making, distribution arrangements for Product with representatives
in other countries, Distributor agrees that it shall not sell Sparbar products outside of the United States without prior approval
from Manufacturer.

 

		6.3	All orders submitted by Distributor to Manufacturer are subject to acceptance by Manufacturer,
to government regulations, and to allocations that may be necessary due to production capacity restrictions.

 

		6.4	To assure a constant supply of the Product, Distributor shall stock a sufficient quantity of the
Product to satisfy without delay the demands for it, and Distributor undertakes to keep at all times reasonable prudent stock of
the Product for distribution in the United States. Manufacturer shall supply and ship to Distributor as quickly as possible and
always within ninety (90) days of receiving its purchase order with the amount of Product specified therein.

 

		6.5	Distributor shall clear the Products from the airport or other port of entry at its own expense
within fifteen (15) days after their arrival in the United States. Distributor shall be responsible for the clearance of customs
of Product and local transport to its facilities.

 

		6.6	Distributor agrees to inspect the Product immediately upon delivery and to give notice by fax or
email to the manufacturer within fifteen (15) days of such delivery of any matter of thing by reason whereof it alleges that the
Product is not in good condition. If no such notice is served by the Distributor upon the Manufacturer, the Product shall be deemed
to be in accordance with this Agreement in all respects and the Distributor shall be deemed to have accepted the Product. If Distributor,
having served notice on the Manufacturer, demonstrates that the Product is not in good condition, Manufacturer shall at its option
either replace the defective goods with Product complying with this Agreement or refund to the Distributor the price paid for defective
Product.

 

		6.7	Distributor agrees to inform Manufacturer in writing three (3) months before the end of each calendar
year of its estimated requirements of the Product for the following year.

 

		6.8	Within 15 business days of the Effective Date, Distributor shall purchase ONE HUNDRED FIFTY THOUSANDS
AND 00/100 (USD$150,000.00) worth of product from Manufacturer at Manufacturer’s then-prevailing wholesale prices (the “Initial
Purchase”). Distributor and Manufacturer shall jointly determine the nature of the product ordered in the Initial Purchase.

 

		6.9	Within 30 business days of the Effective Date, Distributor shall purchase SEVENTY THOUSAND AND
00/100 DOLLARS (USD$70,000.00) worth of product from Manufacturer at Manufacturer’s then-prevailing wholesale prices (the
“Second Initial Purchase”). Distributor and Manufacturer shall jointly determine the nature of the product ordered
in the Second Initial Purchase.

 

     

     

    

Article VII:
Pricing And Payments

 

		7.1	Prices charged to Distributor will, unless otherwise negotiated, be in accord with the Manufacturer’s
prices for distribution prevailing at the time of shipment. After the initial order, two (2) months’ notice will be given
for any price increase. Manufacturer will keep Distributor supplied at all times with current information regarding pricing.

 

		7.2	Distributor guarantees payment of all orders placed or approved by Distributor. Orders must be
paid for within (60) days from date of order. All orders must be paid in USD.

 

Article VIII:
Packaging

 

		8.1	Distributor shall package the Product under the supervision of its own technicians, in its own
factory or in another qualified factory, and shall oversee the process with all necessary care.

 

		8.2	Should Distributor need to have the Product packaged by a third party, said party must first have
been approved by the Manufacturer and must commit itself in writing to comply with the articles of this Agreement relevant to the
Product.

 

		8.3	Distributor agrees to mark all packaging for Product in accordance with the applicable laws in
the United States. Said packaging shall be submitted to Manufacturer for approval before it is made up or printed.

 

		8.4	All packaging costs and expenses shall be borne entirely by the Distributor.

 

Article IX:
Advertising and Promotion

 

		9.1	Distributor undertakes at its own expense to actively promote the Products in the United States
by the best legal and appropriate means and to retain appropriate sales staff and representatives to assure an effective promotion
of the Products. Distributor shall further place, at its own expense, promotional advertisement and marketing materials for the
Products.

 

		9.2	Each year by September 30, Distributor shall submit to Manufacturer for approval is marketing and
promotional plans. Said plans are to be reviewed jointly by the Distributor and the Manufacturer each six (6) months for the eventual
modifications by mutual agreement. Special educational or promotional activities not included in the promotional plan require the
approval of the Manufacturer, and the apportionment of their cost, if there be any, will be decided by mutual consent of the parties.
In no event shall Distributor spend less than 10% of its net sales each year on marketing of the Product.

 

		9.3	Distributor shall submit to Manufacturer quarterly marketing reports listing the promotional activities
carried out during each month of the last period.

 

		9.4	Manufacturer shall provide to Distributor free of charge, save customs duties, a certain quantity
of free samples of the Product and associated technical, commercial, and training materials required to carry out promotional programs
for the Product. Distributor shall provide, at its own cost, to companies that use or may use Product, the needed scientific, technical,
educative, and training material for this purpose and previously approved by the Manufacturer.

 

     

     

    

Article X:
Reporting

 

		10.1	Distributor will provide to Manufacturer monthly sales reports containing such information retarding
sales of Products as Manufacturer shall specify, and including nonbinding, good-faith forecasts of its anticipated requirements
and shipping dates for the three (3) month periods following such reports.

 

		10.2	On or before February 1 of each year, Distributor shall supply Manufacturer with a report for the
preceding calendar year or part thereof showing separately the quantity of Products purchased from Manufacturer and sold to customers
in the United States, the average selling price of the Product purchased from Manufacturer.

 

Article XI:
Covenants And Representations Of Distributor

 

		11.1	Distributor is a corporation duly formed, validly existing, and in good standing under the laws
of Delaware, United States, and is duly qualified to transact business.

 

		11.2	Distributor agrees that it shall not use or distribute Products in any manner inconsistent with
the terms and intent of this Agreement.

 

		11.3	Distributor agrees to use its best efforts to successfully market and distribute Products from
Manufacturer in the United States on a continuing basis during the term of this Agreement and to comply with good business practices
and all laws and regulations relevant to this Agreement or the subject matter hereof.

 

		11.4	Distributor agrees to keep Manufacturer informed as to any problems encountered with the Products
and any resolutions arrived at for those problems and to communicate promptly to Manufacturer any and all suggested modifications,
design changes or improvements of the Products.

 

Article XII:
Confidentiality

 

		12.1	All technical, corporate, business, and other proprietary information furnished by Manufacturer
hereunder, or which results from the joint efforts of Manufacturer and Distributor’s personnel, shall be deemed to have been
furnished to Distributor in confidence for the sole purposes herein set forth, and Distributor undertakes not to use any of this
information for any purpose not connected with the orders accepted under this Agreement. Distributor shall also take all reasonable
precautions to prevent communication, without the written consent of Manufacturer, of any such technical or other proprietary information
to any third party, except as may be necessary to carry out the purposes of this Agreement.

 

     

     

    

Article XIII:
Term and Termination

 

		13.1	This Agreement is effective as of the Effective Date and will expire ten (10) years thereafter.

 

		13.2	Extensions and renewals of this Agreement will be subject to agreement between the parties made
at least six (6) months prior to its expiration.

 

Article XIV:
Rights and Obligations On Termination

 

		14.1	Upon termination or expiration of this Agreement, Distributor shall return unused inventory to
Manufacturer. Distributor shall dispose of all advertising material relating to the Product or the Trademark and shall discontinue
immediately any use of the Trademark. Distributor shall maintain as confidential all proprietary information supplied to Distributor
hereunder.

 

Article XV:
Relationship of Parties

 

		15.1	The parties hereto expressly understand and agree that Distributor is an independent contractor
in the performance of each and every part of this Agreement and is solely responsible for the actions of all of its employees and
agents. Manufacturer shall not be obligated by any agreements, representations, or warranties made by Distributor, its employees,
or its agents nor with respect to any other action of Distributor, its employees, or its agents, nor shall Manufacturer be obligated
for any claims, liabilities, damages, debts, settlements, costs, expenses, and liabilities that my arise on account of Distributor’s
activities, or those of its employees or its agents.

 

Article XVI:
Hold Harmless

 

		16.1	Distributor agrees to use its best efforts to ensure that Product is transported, stored, and distributed
in accordance with handling instructions provided by Manufacturer. Distributor further agrees to use its best efforts to ensure
that Product is provided to customers in a manner which facilitates its safe and proper use. Manufacturer shall have the right
to enter and inspect any premises or facilities used by Distributor for or in connection with the preparation, promotion, marketing,
and distribution of the Product, at any time during normal business hours and shall further have the right to take a reasonable
number of samples of the Product at no charge in order to determine Distributor’s compliance with the terms and condition
of this Agreement.

 

		16.2	Distributor shall sell the Products on its own account and in no event shall the Manufacturer be
deemed liable for credits the Distributor may grant or for any other obligations the Distributor may have to fulfill for its sales
or other types of transaction in the United States. It is understood and agreed that the Distributor has no right or authority
whatsoever to accept any financial obligation on the Manufacturer’s name or account without the Manufacturer’s prior
written approval.

 

		16.3	Distributor shall, in respect of Product distributed by it, indemnify and hold harmless Manufacturer,
and its employees and agents against any and all claims that might arise, and liabilities and related fees and expenses that might
be incurred, on account of any injury, illness, suffering, disease, or death to any person or unborn offspring of any such person
by reason of the distribution, sale, or use of the Product distributed by Distributor.

 

     

     

    

Article XVII:
Notices

 

		17.1	Any report, accounting, objection, notice, or consent required or provided for by the terms of
this Agreement shall be in writing, and all accounting, obligations, notices, consents, and reports provided for hereunder shall
be sent by registered mail, prepaid, or by facsimile to the business address of the party to be served therewith. It is agreed
that the business addresses of the parties shall be as follows:

 

If to Manufacturer:
If to Distributor:

 

Sparbar LTDSparbar,
Inc.

1012 Dockside
Road7 Penn Plaza

LondonSuite
420

E16 2QD EnglandNew
York, NY 10001

 

 

With a copy to:

 

Feinstein Law Firm

Todd Feinstein

111 Madrona Way

Sequim, WA 98382

 

 

Article XVIII:
Force Majeure

 

		18.1	No failure or omission by any party in the performance of any obligation of this Agreement shall
be deemed a breach of this Agreement nor create any liability if the same shall arise from any cause or causes beyond the control
of such party, including, but not restricted to, the following, which for the purposes of this Agreement shall be regarded as beyond
the control of the party concerned: Government regulations, acts of God, strikes or other acts of workers, fire, storm, explosions,
riots, war, rebellion, transportation embargoes, or failures or delays in transportation.

 

     

     

    

Article XIX:
Amendments

 

		19.1	No amendment or other modification of this Agreement shall be valid or binding on any party hereto
unless reduced to writing and executed by the parties hereto.

 

Article XX:
Waiver

 

		20.1	No waiver by any party of any provision hereof shall be deemed a waiver of any other provision
hereof or of any subsequent breach by any party of the same or any other provision. None of the terms of this Agreement will be
held to have been waived or altered unless such waiver or alteration is in writing and signed by all of the parties hereto.

 

Article XXI:
Governing Law and Arbitration

 

		21.1	This Agreement shall be governed by the laws of the state of New York

 

		21.2	The parties hereto undertake to settle any dispute, controversy, or claim arising under, out of,
or in connection with this Agreement, including, without limitation, its formation, validity, binding effect, interpretation, performance,
breach, or termination, as well as non-contractual claims, in an amicable manner. If an amicable settlement cannot be reached within
30 days for any reason, the dispute shall be referred to and finally settled by arbitration in accordance with the UNCITRAL Arbitration
Rules then obtaining. The appointing authority shall be the Secretary-General of the Permanent Court of Arbitration, the number
of arbitrators shall be three, and the language to be used in the arbitral proceedings shall be English. The place of arbitration
shall be determined by mutual agreement, but if agreement cannot be reached the proceedings shall take place in the United States.

 

		21.3	Either party to this Agreement may request any judicial authority to order any interim measures
of protection for the preservation of its rights and interests to the extent permitted by law, including, without limitation, injunctions
and measures for the conservation of such property and information that form part of the subject matter in dispute. Such requests
shall not be deemed incompatible with, or as a waiver of, this agreement to arbitrate. In respect of any requests for interim measures
of protection, and without limitation to proceeding in any other forum, the parties hereby consent to the exercise of jurisdiction
by the judicial authorities of the United States.

 

		21.4	In the event a party fails to proceed with arbitration, unsuccessfully challenges the arbitrator’s
award, fails to comply with the arbitrator’s award, or fails to comply with any interim measure of protection issued by any
competent authority, the other party shall be entitled to costs of suit, including reasonable attorney’s fees, for having
to compel arbitration or defend or enforce the award or interim measure.

 

     

     

    

IN WITNESS WHEREOF the parties
hereto have caused these presents to be executed by their duly authorized officers on the above written date.

 

	
        For Manufacturer:

         

        Sparbar LTD, 

        a Private Limited Company of England
        and Wales
	 	
        For Distributor:

         

        Sparbar, Inc.,

        A Delaware
        Corporation

	
         

         

         

         

         
	
         

         

         

         

         

         
	
         

         

         

         

         

	By: Jasvinder Gill	 	By: Kenny Lam
	Its: Officer/Director	 	Its: DirectorADVISORY COMMITTEE AGREEMENT

 

 

THIS ADVISORY COMMITTEE AGREEMENT is made effective
as of _______________, 2020 (the “Effective Date”) by and between Sparbar, Inc. (the “Company”) and __________________(the
“Advisor”).

 

RECITALS

 

		A.	Company desires to obtain the services of Advisor to serve on the Company’s Advisory Committee (the “AC”),
and the Advisor desires to serve on the AC, upon the following terms and conditions.

 

		B.	Company has spent significant time, effort, and money to develop certain Proprietary Information (as defined below), which
Company considers vital to its business and goodwill.

 

		C.	The Proprietary Information may necessarily be communicated to or received by Advisor in the course of serving on the AC for
the Company, and Company desires to obtain the Services of Advisor, only if, in doing so, it can protect its Proprietary Information
and goodwill.

 

		D.	Company does not, however, desire to receive from Advisor, or for Advisor to either induce the use of or use in connection
with the performance of the Services, any information which is confidential to or ownership of which resides in a third party,
whether acquired either prior to or subsequent to Advisor’s retention hereunder.

 

AGREEMENT

 

NOW, THEREFORE, the parties hereto hereby agree as follows:

 

		1.	Advisory Committee Member.  Company hereby retains Advisor to serve on its Advisory Committee.  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.  Upon any termination of the Services as provided in the preceding sentence,
this Agreement shall terminate except that the provisions set forth in Sections 2.b, 4 and 6 of this Agreement shall survive such
termination.

 

		2.	Position, Duties, Responsibilities.

 

		a.	Duties.  Advisor shall 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.

 

		b.	Independent Contractor; No Conflict.  It is understood and agreed, and it is the intention of the parties hereto,
that Advisor is an independent contractor, and not the employee, agent, joint venturer, or partner of Company for any purposes
whatsoever.  Advisor is skilled in providing the Services.  To the extent necessary, Advisor shall be solely responsible
for any and all taxes related to the receipt of any compensation under this Agreement.  Advisor hereby represents, warrants
and covenants that Advisor has the right, power and authority to enter into this Agreement and that neither the execution nor delivery
of this Agreement, nor the performance of the Services by Advisor will conflict with or result in a breach of the terms, conditions
or provisions of, or constitute a default under, any contract, covenant or instrument under which Advisor is now or hereinafter
becomes obligated.

 

		3.	Compensation, Benefits, Expenses.

 

		a.	Compensation.  As full and complete consideration of the Services to be rendered hereunder, the Company shall pay
Advisor the Compensation described on Exhibit A attached hereto.

 

		b.	Reimbursement of Expenses.  Company shall promptly reimburse Advisor for any reasonable costs and expenses incurred
by Advisor in connection with any Services specifically requested by Company and actually performed by Advisor pursuant to the
terms of this Agreement.  Each such expenditure or cost shall be reimbursed only if: (i) with respect to costs in excess of
$100, individually, Advisor receives prior approval from the Company’s CEO or CFO or other executive for such expenditure
or cost, and (ii) with respect to costs in less than $100, individually, provided Advisor furnishes to Company adequate records
and other documents reasonably acceptable to Company evidencing such expenditure or cost.

 

		4.	Proprietary Information; Work Product; Non-Disclosure.

 

		a.	Defined.  Company has conceived, developed and owns, and continues to conceive and develop, certain property rights
and information, including but not limited to its patents and inventions, patent applications, business plans and objectives, client
and customer information, financial projections, marketing plans, marketing materials, logos, and designs, and technical data,
processes, know-how, algorithms, formulae, franchises, databases, computer programs, computer software, user interfaces, source
codes, object codes, architectures and structures, display screens, layouts, development tools and instructions, templates and
other trade secrets, intangible assets and industrial or proprietary property rights which may or may not be related directly or
indirectly to Company’s business and all documentation, media or other

    

     

    

tangible embodiment of or relating to any of the foregoing
and all proprietary rights therein of Company (all of which are hereinafter referred to as the “Proprietary Information”).
 Although certain information may be generally known in the relevant industry, the fact that Company uses it may not be so
known.  In such instances, the knowledge the Company uses the information would comprise Proprietary Information.  Furthermore,
the fact that various fragments of information or data may be generally known in the relevant industry does not mean that the manner
in which Company combines them, and the results obtained thereby are known.  In such instance, that would also comprise Proprietary
Information.

 

		b.	General Restrictions on Use.  Advisor agrees to hold all Proprietary Information in confidence and not to, directly
or indirectly, disclose, use, copy, publish, summarize, or remove from Company’s premises any Proprietary Information (or
remove from the premises any other property of Company), except (i) during the consulting relationship to the extent authorized
and necessary to carry out Advisor’s responsibilities under this Agreement, and (ii) after termination of the consulting
relationship, only as specifically authorized in writing by Company. Notwithstanding the foregoing, such restrictions shall not
apply to (x) information which Advisor can show was rightfully in Advisor’s possession at the time of disclosure by Company;
(y) information which Advisor can show was received from a third party who lawfully developed the information independently of
Company or obtained such information from Company under conditions which did not require that it be held in confidence; or (z)
information which, at the time of disclosure, is generally available to the public.

 

		c.	Ownership of Work Product.  All Work Product shall be considered work(s) made by Advisor for hire for Company and
shall belong exclusively to Company and its designees, if by operation of law, any of the Work Product, including all related intellectual
property rights, is not owned in its entirety by Company automatically upon creation thereof, then Advisor agrees to assign, and
hereby assigns to Company and its designees the ownership of such Work Product, including all related intellectual property rights.
 “Work Product” shall mean any writings (including excel, power point, emails, etc.), programming, documentation,
data compilations, reports and any other media, materials, or other objects produced as a result of Advisor’s work or delivered
by Advisor in the course of performing that work.

 

		d.	Incidents and Further Assurances.  Company may obtain and hold in its own name copyrights, registrations, and other
protection that may be available in the Advisor.  Advisor agrees to provide any assistance required to perfect such protection.
 Advisor agrees to take such further actions and execute and deliver such further agreements and other instruments as Company
may reasonably request to give effect to this Section 4.

 

 

    

     

    

 

		e.	Return of Proprietary Information.  Upon termination of this Agreement, Advisor shall upon request by the Company
promptly deliver to Company at Company’s sole cost and expense, all drawings, blueprints, manuals, specification documents,
documentation, source or object codes, storage media, letters, notes, notebooks, reports, flowcharts, and all other materials in
its possession or under its control relating to the Proprietary Information and/or Services, as well as all other property belonging
to Company which is then in Advisor’s possession or under its control.  Notwithstanding the foregoing, Advisor shall
retain ownership of all works owned by Advisor prior to commencing work for Company hereunder, subject to Company’s nonexclusive,
perpetual, paid up right and license to use such works in connection with its use of the Services and any Work Product.

 

		f.	Remedies/Additional Confidentiality Agreements.  Nothing in this Section 4 is intended to limit any remedy of Company
under applicable state or federal law.  At the request of Company, Advisor shall also execute Company’s standard “Confidentiality
Agreement” or similarly named agreement as such agreement is currently applied to and entered into by Company’s most
recent employees.

 

		5.	Non-Compete.  During the Term, Advisor shall provide the Company with prior written notice if Consultant intends
to provide any services, as an employee, consultant or otherwise, to any person, company or entity that competes directly with
the Company, which written notice shall include the name of the competitor.  During the period that is six (6) months after
the termination of this Agreement, Advisor shall provide the Company with written notice any time that Advisor provides any services,
as an employee, consultant or otherwise, to any person, company or entity that competes directly with the Company.

 

		6.	Indemnification. The Company agrees to indemnify the Advisor for his or her activities solely related to Advisor’s
role as member of the AC.

 

		7.	Miscellaneous

 

		a.	Notices.  All notices required under this Agreement shall be deemed to have been given or made for all purposes
upon receipt of such written notice or communication.  Notices to each party shall be sent to the address or email set forth
below the party’s signature on the signature page of this Agreement.  Either party hereto may change the address to
which such communications are to be directed by giving written notice to the other party hereto of such change in the manner provided
above. Electronic notices shall be effective if receipt is acknowledged by recipient.

 

		8.	Entire Agreement.  This Agreement and any documents attached hereto as Exhibits constitute the entire agreement
and understanding between the parties with respect to the subject matter herein and therein, and supersede and replace any and
all prior agreements and understandings, whether oral or written with respect to such matters.  The provisions of

    

     

    

this Agreement may be waived, altered, amended or replaced
in whole or in part only upon the written consent of both parties to this Agreement.

 

		9.	Severability, Enforcement.  If, for any reason, any provision of this Agreement shall be determined to be invalid
or inoperative, the validity and effect of the other provisions herein shall not be affected thereby, provided that no such severability
shall be effective if it causes a material detriment to any party.

 

		10.	Governing Law.  The validity, interpretation, enforceability and performance of this Agreement shall be governed
by and 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.

 

		11.	Injunctive Relief.  The parties agree that in the event of any breach or threatened breach of any of the covenants
in Section 4, the damage or imminent damage to the value and the goodwill of Company’s business will be irreparable and extremely
difficult to estimate, making any remedy at law or in damages inadequate.  Accordingly, the parties agree that Company shall
be entitled to injunctive relief against Advisor in the event of any breach or threatened breach of any such provisions by Advisor,
in addition to any other relief (including damages) available to Company under this Agreement or under applicable state or federal
law.

 

		12.	Publicity.  The Company shall, with prior written approval by Advisor, have the right to use the name, biography,
and likeness of the advisor, whether via audio replay, still or moving image, or other media on the Company’s website, marketing
and advertising materials for any purposes beneficial to the Company.

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

 

	Sparbar, Inc.	 	 	ADVISOR:	 
	A Delaware Corporation:	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	_____________________________	 	 	______________________________
	By: ____________	 	 	Signature	 	 
	Its: ____________	 	 	Print Name:_____________________
	 	 	 	 	 	 
	Address and Email:	 	 	Address and Email:	 
	 	 	 	 	 	 
	_________________________	 	 	______________________________
	_________________________	 	 	______________________________
	_________________________	 	 	______________________________

 

    

     

    

 

 

EXHIBIT A TO ADVISORY COMMITTEE AGREEMENT

 

		I.	Services. As a member of the Advisory Committee, you will:

 

		A.	Participate in at least 1 conference call with management every month, which will last no more than 1 hour;

		B.	Be accessible to Company during regular business hours on an as-needed basis to provide guidance on business and marketing
strategy issues;

		C.	Attend a minimum of 2 events designated by the Company;

		D.	Enroll a minimum of 2 famous or recognizable athletes/celebrities in the Sparbar’s brand ambassador program or board
of athletic advisors;

		E.	Introduce Sparbar Inc. to your network of market and industry participants;

		F.	Announce participation with Sparbar Inc. through your various social media channels; and

		G.	Sparbar Inc. will announce in a press release that that Advisor will be joining the AC of Sparbar, Inc..

 

 

		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 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
determination of the list level of each athlete/celebrity enrolled by Advisor for the purposes of §II(B).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}]]