HempAmericana Inc (HMPQ)

[DCL1]

Can somebody explain this, and what happens now if James Black is no longer an employee? The Company = Hempwerk

11. Intellectual Property Rights; Transfer of Ownership of Extraction Machine
(a) Each Shareholder agrees to retain its own intellectual property and to allow its use
by the Company from time-to-time as may be agreed in the future. As for any technological intellectual property Black develops during the course of the Company’s existence, such
intellectual property will remain the property of Black as its creator until such times as each of
HempAmericana and Black each receive three million dollars ($3,000,000) in dividends or other
distributions from the Company in accordance with the Profit Sharing Formula of Section 6
above (the “Threshold”). After the Threshold is met, intellectual property developed by Black in
the course of the business of the Company that the Company has been using or uses as part of its
regular course of business shall become and/or remain property of the Company. In addition, once the Threshold is met, then the 10-L Infinity Supercritical extraction machine belonging to
HMPQ shall become property of the Company. Intellectual property pertaining to the name of
the Company and/or its brands (trademarks and copyright) shall be the property of the Company
from the point of the Company’s formation.