This Employment Agreement (the “Agreement”) is entered into as August 16, 2010, between Cereplast, Inc.,
a Nevada corporation, (the “Company”) and Heather Sheehan, an individual, (“Employee”), with reference to the
WHEREAS, the Company wishes to employ Employee and Employee wishes to accept such employment on
the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the various covenants and agreements hereinafter set forth, the
parties hereto agree as follows:
1. Term of Employment . The Company hereby employs Employee and Employee accepts such employment
commencing on August 16, 2010 (the “Commencement Date”), and terminating two (2) years from the date hereof
(the “Original Termination Date”), unless sooner terminated as hereinafter provided.
2. Services to be Rendered .
2.1 Duties . Employee shall be employed by the Company as Senior Vice President and Chief Financial
Officer with all of the duties, privileges and authorities usually attendant upon such office. Employee will report
directly to the Company’s Chief Executive Officer. This is a full-time position located at the offices of the
Company, except as travel to other locations may be necessary to fulfill Employee’s responsibilities.
2.2 Exclusive Services . Employee shall at all times faithfully, industriously and to the best of her ability,
experience and talents perform to the satisfaction of the Board of Directors and such officer(s) of the Company to
whom employee shall report, all of the duties that may be assigned to her hereunder, and shall devote her full
working time to the performance of these duties as may be necessary therefor. The foregoing shall not be construed
to prohibit Employee from engaging in other industry related activities or managing her own personal investments.
3. Compensation and Benefits . The Company shall pay the compensation and benefits set forth on
Schedule A , attached hereto and incorporated herein by this reference to Emp