Exhibit 10.7


 


 


 


Non-Exec Directors Agreement


 


Between


 


Genius Group Ltd


 


And


 


Patrick Grove


  






     


     


    

 


This Board of Directors Services Agreement (the
 “Agreement”), dated January 1 2020, is entered into between Genius Group Pte Ltd, a Singapore Registered Company (GG),
and Patrick Grove (PG), an individual with a principal place of residence at


  


WHEREBY:


 


1. Genius Group (GG) is acquiring the services of Patrick
Grove (PG) as a non-exec director of the board for the benefit of the company and its shareholders, commencing immediately.


 


2. PG’s role will be to:


 


		·	Attend GG’s quarterly board meetings every three months, to be attended
virtually or in person, to provide strategic advice and feedback to the executive directors on the financial performance and growth plans
of the company.



 


		·	Review each board report, minutes and financial reports in preparation for
each quarterly board meeting.



 


		·	Where appropriate and mutually agreed, PG will take on additional activities
on a project basis, with fees for each project agreed outside of this agreement.



 


3. Compensation:


 


GG agrees to pay PG a quarterly fee of SG$3,000, paid at the end of
each quarter via telegraphic transfer.


 


For any additional pre-agreed project work, a project fee will be set
for a mutually agreed period of time at a fee of SG$500 per hour.


 


GG is also issuing PG stock options for 1,000 shares at the current
market value of US$34.87 per share in Genius Group, which may be exercised 12 months after joining the board, provided this agreement
remains in effect. The US$34,870 purchase value will be treated as additional compensation.


 


4. Expenses:


 


GG shall reimburse PG for reasonable out-of-pocket expenses incurred
in connection with his work related to GG.


 






     


     


    

 


5. Duration:


 


This contract is for an initial two year period, with the option for
both parties to renew at the end of this period under the same terms or mutually agreed adjustments to these terms.


 


6. Termination:


 


During the period of this agreement either side may terminate this
agreement for any reason by providing three months notice.


 


7. Immediate Termination:


 


During the period of this agreement either side may immediately terminate
this agreement with immediate effect in the event of fraud, serious misconduct or impossibility of performance.


 


8. Intellectual Property:


 


All data and intellectual property or content made available to PG
in his role will remain with GG during and after termination of this agreement.


 


9. Confidentiality:


 


All matters and information shared in confidence during the period
of this agreement shall be kept strictly confidential during and after termination of this agreement.


 


10. Governing Law:


 


This agreement shall be governed by the law of Singapore.


 






     


     


    

 


AGREEMENT:


 


This document represents the full agreement between the two parties.
Any modification to this agreement will be in writing.


 


Signed:


 


	/s/ Patrick Grove	 	/s/ Roger James Hamilton
  
	Patrick Grove	 	Roger Hamilton on behalf of Genius Group
    Pte Ltd
	 	 	
	Agreed to on   	28 July 2020	 	Agreed to on   	August 19, 2020