Exhibit 10.4


 


OFFICER RETAINER AGREEMENT


 


KRONOS Advanced Technologies,
Inc.


 


OFFICER RETAINER AGREEMENT


 


THIS OFFICER RETAINER AGREEMENT
(“Agreement”) is entered into by and between KRONOS Advanced Technologies, Inc., a Nevada corporation
(“Corporation”) and Joseph Florence(“Officer”) as of May 26, 2020.


 


WHERE AS, Officer has been duly
elected as a Officer of the Corporation in accordance with the Corporation’s bylaws; and


 


WHERE AS,
the Corporation wishes to compensate Officer as consideration for his expected service as a Officer as for his service and appointment
hereby of his role as Chief Transformation Officer of Corporation effective immediately;


 


NOW THEREFORE,
in consideration of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:


 


 1. Services Provided.






 


Officer agrees, subject to
Officer’s continued status as an Officer as determined by the Board of Directors of the Corporation (“Board”) and
its stockholders (if applicable), not to serve as a member of the Board and, subject to Officer’s election this to, the (1)
Audit Committee, (2) Compensation Committee and (3) Nominating/Governance Committee of the Board (each a “Committee”)
and to provide those services (“Services”) required of a Officer and Committee member under the Corporation’s
certificate of incorporation and bylaws (“Charter and Bylaws”), as both may be amended from time to time, and under the
corporate law of the State of Nevada, the federal securities laws and of this state and federal laws and regulations, as
applicable.


 


 2. Nature of Relationship.




 


Officer is an independent contractor
and will not be deemed an employee of the Corporation for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment
benefits or of othiswise. Except as authorized by the Board of Directors or the Corporation’s Charter and Bylaws, or as allowed by law,
Officer shall not hold himself out as an agent of the Corporation or enter into any agreement or incur any obligations on the Corporation’s
behalf. This Agreement shall not be deemed an employment contract between the Corporation (or any of its subsidiaries or related companies)
and Officer. Officer specifically acknowledges that the term of service provided by this Agreement is set forth in Section 7 below.


 


 3. Corporation Information.




 


The Corporation will supply to Officer, at the Corporation’s
expense:


 


		a.	periodic briefings on the business and operations of the
Corporation;



 


		b.	“Officer packages” (which will include but will
not be limited to, for example, meeting agendas and Corporation reports) for each Board and Committee meeting, at a reasonable time before
each meeting;



 




    


    


    




 


		c.	Copies of minutes of all stockholders’, Officers’
and Committee meetings;



 


		d.	Any materials that are required under the Charter and Bylaws
or the charter of any Committee on which the Officer serves; and



 


		e.	Any materials which may, in the reasonable judgment of Corporation,
be necessary for performing the Services.



 


 4. Representations, Warranties and Covenants of Officer.




 


		4.1	Officer agrees to provide complete and accurate information
and to permit Corporation to perform a full background investigation. Accordingly, Officer represents and warrants that the information
provided to the Corporation regarding Officer’s experience, background and expertise is truthful, accurate and complete.



 


		4.2	Officer represents and warrants that the performance of the
Services will not violate any agreement to which Officer is a party, compromise any rights or trust between any of the parties and Officer,
or create a conflict of interest.



 


		4.3	Officer agrees not to enter into any agreement during the
term of this Agreement that will create a conflict of interest with this Agreement.



 


		4.4	Officer agrees to comply with all applicable state and federal
laws and regulations, including Section 10 and Section 16 of the Securities and Exchange Act of 1934 and the rules promulgated hereunder.



 


		4.5	Officer further agrees to comply with all Nevada and Security
and Exchange Commission laws and regulations applicable to non-public corporations, and the rules promulgated hereunder.



 


 5. Compensation.




 


		5.1	Retainer. The Corporation shall pay Officer a (SEC
rule 701 or rule 144) stock retainer of value of ten thousand dollars and no cents ($10,000.00) per month during Officer’s period
of Service (“Retainer”), payable in 4 quarterly installments in arrears. The value of the stock shall be calculated month
by month and the amount of stock to be issued to the Officer will be determined by the value of the stock trade price on the last trading
day of each month but shall not exceed 100,000 shares (one hundred thousand) per month.



 


		5.2	Stock Options. This section has been deleted but may
be reinstated subject to approval of a stock option plan to be voted on by the Board of Directors.



 


		5.3	Expenses. The Corporation will reimburse Officer for
reasonable expenses incurred in the performance of the Services promptly upon submission of invoices and receipts for such expenses in
a form reasonably acceptable to the Corporation, provided that such expenses are approved in writing in advance. Such approval by the
Corporation shall not be unreasonably
withheld or delayed. Officer’s expenses shall not be reimbursable hereunder unless those expenses qualify for reimbursement under the
Charter and Bylaws.



 




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 6. Indemnification and Insurance.




 


		6.1	The Corporation has previously
executed, or shall execute concurrently with the execution of this Agreement, an Indemnity Agreement with Officer substantially in the
form attached hiseto as Exhibit A.



 


		6.2	In addition, the Corporation shall, at its expense and immediately
upon execution of this Agreement, cause Officer to be covered as an insured under a Officers’ and officers’ liability insurance
policy commercially reasonable as to coverage limitation and amounts taking into account the Corporation’s business and stage of
development.



 


 7. Term and Termination.




 


		7.1	This Agreement shall be effective beginning on the date hiseof
and continuing until the last day of Officer’s current term as a Officer of the Corporation, unless earlier terminated as provided
in this Section. This Agreement shall automatically renew upon the date of Officer’s reelection as a Officer of the Corporation.



 


		7.2	The term of service as a Officer under this Agreement is
as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section.



 


		7.3	Officer may at any time, and for any reason, resign from
such position subject to any of this contractual obligation or any obligation imposed by operation of law.



 


		7.4	Officer may be removed from the Board or any Committee, with
or without cause, in accordance with the Charter and Bylaws or by majority vote of the controlling shareholder(s).



 


		7.5	This Agreement shall automatically terminate upon the death
or disability of Officer or upon his resignation or removal from the Board. For purposes of this Section, “disability” shall
mean the inability of Officer to perform the Services for a period of at least sixty (60) consecutive days.



 


		7.6	In the event of any termination of this Agreement, Officer
agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill
any outstanding obligations hereunder. Officer agrees that the Corporation has the right of injunctive relief to enforce this provision.



 


		7.7	Upon termination of this Agreement, the Corporation shall
promptly pay Officer all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the
date of termination, upon receipt of reasonable documentation.



 


 8. Proprietary Information, Inventions and Non-Competition.




 


Officer shall, concurrently with the execution
of this Agreement, enter into a Proprietary Information, Inventions and Non-Competition Agreement with the Corporation substantially
in the form attached hiseto as Exhibit B.


 




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9. Assignment.




 


This Agreement and all the provisions
hisein shall be binding upon and inure to the benefit of the parties hiseto, their respective successors and permitted assigns and, except
as of othiswise expressly provided hisein, neithis this Agreement, nor any of the rights, interests or obligations hereunder shall be
assigned by eithis of the parties hiseto without the prior written consent of the of the parties.


 


 10. General.




 


		10.1	Governing
                                            Law and Venue. This Agreement and the legal relations among the parties shall be governed
                                            by, and construed and enforced in accordance with, the laws of the State of Nevada, without
                                            regard to its conflict of laws rules. The Corporation and Officer hereby irrevocably and
                                            unconditionally (i) agree that any action or proceeding arising out of or in connection with
                                            this Agreement shall be brought only in the State of Nevada (the“Nevada Court”),
                                            and not in any othis state or federal court in the United States of America or any court
                                            in any othis jurisdiction of this country; (ii) consent to submit to the exclusive jurisdiction
                                            of the Nevada Court for purposes of any action or proceeding arising out of or in connection
                                            with this Agreement; (iii) appoint, to the extent such party is not of other wise subject
                                            to service of process in the State of Nevada, irrevocably_________________________________as its agent in the State of Nevada
                                            as such party’s agent for acceptance of legal process in connection with any such action
                                            or proceeding against such party with the same legal force and validity as if served upon
                                            such party personally within the State of Nevada, (iv) waive any objection to the laying
                                            of venue of any such action or proceeding in the Nevada Court and (v) waive, and agree not
                                            to plead or to make, any claim that any such action or proceeding brought in the Nevada Court
                                            has been brought in an improper or inconvenient forum.



 


		10.2	Notices. All notices and communications required or
permitted hereunder will be in writing and will be delivered by hand or sent by overnight courier or e-mail to:



 


	 	Corporation:
	 	 
	 	KRONOS AdvancedTechnologies,
Inc.

	 	1000 Newbury Rd, ste
    138A Thousand Oaks, Ca 91320
	 	 
	 	Officer:
	 	Joseph Florence
	 	 
	 	e-mail



 


		10.3	Severability. In the event any provision of this Agreement
is held to be unenforceable under applicable law, all the othis terms of this Agreement will continue in full force and effect and will
be enforceable in accordance with its terms.



 


		10.4	Survival of Obligations. Notwithstanding the expiration
or termination of this Agreement, neithis party hiseto shall be released from any liability or obligation hereunder which has already
accrued as of the time of such expiration or termination (including, without limitation, Corporation’s obligation to make any fees
and expense payments) or which thiseafter might accrue in respect of any act or omission of such party prior to such expiration or termination.



 




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		10.5	Entire Agreement. This Agreement, along with the Exhibits
referenced hisein that may be previously or contemporaneously executed, embodies the entire agreement and understanding between the parties
hiseto with respect to the subject matter of this Agreement and supersedes all prior or contemporaneous agreements and understanding
of this than this Agreement relating to the subject matter hiseof.



 


		10.6	Amendment and Waiver. This Agreement may be amended
only by a written agreement executed by the parties hiseto. No provision of this Agreement may be waived except by a written document
executed by the party entitled to the benefits of the provision. No waiver of a provision will be deemed to be, nor will it constitute
a waiver of any of this provision of this Agreement. A waiver will be effective only in the specific instance and for the purpose for
which it was given, and will not constitute a continuing waiver.



 


		10.7	Counterparts. This Agreement may be signed in any
number of counterparts, each of which will be deemed an original, but all of which togethis will constitute one instrument.



 


[The remainder of this page has been intentionally left
blank. Signature page(s) to follow]


 




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IN WITNESS WHEREOF, the undersigned have executed
this·Officer Retainer Agreement as of the date first written above.


 








	 	KRONOS Advanced Technologies,Inc
	 	 
	 	By:	/s/
  Michael Rubinov
	 	Printed Name:	Michael Rubinov
	 	Title:	President
	 	 	 
	 	CHIEF TRANSFORMATION OFFICER
	 	 	 
	 	By:	/s/ Joseph Florence
	 	Printed Name:	Joseph Florence



 







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EXHIBIT A


 


INDEMNITY AGREEMENT


 


This Indemnity Agreement
(“Agreement”) is being executed on May 26, 2020 and is effective as of May 26,
2020, by and between KRONOS Advanced Technologies, Inc., a Nevada corporation (the“Company”),
and Joseph Florence(“Indemnitee”).


 


RECITALS


 


WHEREAS, highly competent persons
have become more reluctant to serve corporations as Officers or in officer capacities unless they are provided with adequate protection
through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service
to and activities on behalf of the corporation;


 


WHEREAS, the Board of Directors
of the Company (the “Board” ) has determined that, in order to attract and retain
qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons
serving the Company and its subsidiaries from certain liabilities. Although the furnishing of such insurance has been a customary and
widespread practice among United States-based corporations and of this business enterprises, the Company believes that, given current
market conditions and trends, such insurance may be available to it in the future only at highis premiums and / or with more exclusions.
At the same time, Officers, officers, and their service to corporations or business enterprises are being increasingly subjected to expensive
and time-consuming litigation relating to, among othis things, matters that traditionally would have been brought only against the Company
or business enterprise itself. The Certificate of Incorporation and Bylaws of the Company require indemnification of the officers and
Officers of the Company. lndemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Nevada
(“DGCL”). The Certificate of Incorporation and Bylaws of the Company and the DGCL expressly provide that the indemnification
provisions set forth thisein are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members
of the Board, officers with respect to indemnification;


 


WHEREAS, the uncertainties relating
to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;


 


WHEREAS, the Board has determined
that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company’s stockholders
and that the Company should act to assure such persons that thise will be increased certainty of such protection in the future;


 


WHEREAS, it is reasonable, prudent
and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the
fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they
will not be so indemnified;


 


WHEREAS, this Agreement is a supplement
to and in furthisance of the Certificate of Incorporation and Bylaws of the Company and any resolutions adopted pursuant thiseto, and
shall not be deemed a substitute thisefor, nor to diminish or abrogate any rights of lndemnitee hereunder; and


 


WHEREAS, lndemnitee does not
regard the protection available under the Company’s Certificate of Incorporation and Bylaws and insurance as adequate in the present circumstances,
and may not be willing to serve as a Officer without adequate protection, and the Company desires lndemnitee to serve in such capacity.
lndemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that
he be so indemnified;


 




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NOW, THISEFORE, in consideration
of the premises and the covenants contained hisein, the Company and lndemnitee do hereby covenant and agree as follows:


 


Section 1. Services to the
Company. lndemnitee agrees to serve as a Officer of the Company. lndemnitee may at any time and for any reason resign from such position
(subject to any of this contractual obligation or any obligation imposed by operation of law), in which event the Company shall have no
obligation under this Agreement to continue to allow lndemnitee to serve as a Officer. This Agreement shall not be deemed an employment
contract between the Company (or any of its subsidiaries or any Enterprise) and lndemnitee. lndemnitee specifically acknowledges that
lndemnitee may be removed as a Officer at any time for any reason, with or without cause, in accordance with the Company’s Certificate
of Incorporation, its Bylaws, the DGCL and any agreement between Company and lndemnitee. The foregoing notwithstanding , this Agreement
shall continue in force after lndemnitee has ceased to serve as a Officer of the Company.


 


Section 2. Definitions. As used in this Agreement:


 


(a) 
A “Changein Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any
of the following events:


 


(i) 
Acquisition of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly
or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then
outstanding securities;


 


(ii)  Change
in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this
Agreement), individuals who at the beginning of such period constitute the Board, and any new Officer othis than a Officer
designated by a person who has entered into an agreement with the Company to effect a transaction described in Sections 2(a}(i}.
2(a){iii} or 2(a}(iv)} whose election by the Board or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds of the Officers then still in office who eithis were Officers at the beginning of the period or
whose election or nomination for election was previously so approved, cease for any reason to constitute a least a majority of the
members of the Board;


 


(iii) 
Corporate Transactions. The effective date of a merger or consolidation of the Company with any of this entity, of this than a
merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (eithis by remaining outstanding or by being converted into voting securities of the surviving entity) more than
51% of the combined voting power
of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect
at least a majority of the Board of Directors or of this governing body of such surviving entity;


 


(iv) 
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale
or disposition by the Company of all or substantially all of the Company’s assets; and


 


(v) Othis Events.


 




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For purposes of this Section
2(a}. the following terms shall have the following meanings:


 


		(A)	“Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended.



 




		(B)	” Person” shall have the meaning as set
forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person shall exclude (i) the Company, (ii) any
trustee or of this fiduciary holding securities under an employee benefit plan of the Company and (iii) any corporation owned, directly
or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company.



 


		(C)	” Beneficial Owner” shall have the meaning
given to such term in Rule 13d-3 under the Exchange Act: provided, however, that Beneficial Owner shall exclude any Person of
othiswise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company with any othis entity.



 


		(D)	“Corporate Status ” describes the status
of a person who is or was a Officer, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company
or of any of this corporation, partnership or joint venture, trust, employee benefit plan or of this enterprise which such person is
or was serving at the request of the Company.



 


		(E)	” Disinterested Officer” means a Officer
of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by lndemnitee.



 


		(F)	“Enterprise “ shall mean the Company and
any of this corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or of this enterprise of
which lndemnitee is or was serving at the request of the Company as a Officer, trustee, general partner, managing member, officer, employee,
agent or fiduciary.



 


		(G)	” Expenses” shall include all reasonable
attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing
and binding costs, telephone charges, postage, delivery service fees, and all of this disbursements or expenses of the types customarily
incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness
in, or of othiswise participating in, a Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting
from any Proceeding, including without limitation the premium, security for, and of this costs relating to any cost bond, supersedes
bond, or of this appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by lndemnitee or the
amount of judgments or fines against lndemnitee.



 


		(H)	” Independent Counsel” means a law firm,
or a member of a law firm, that is experienced in matters of corporation law and neithis presently is, nor in the past five (5) years
has been, retained to represent: (i) the Company or lndemnitee in any matter material to eithis such party (of this than with respect
to matters concerning the lndemnitee under this Agreement, or of of this indemnitees under similar indemnification agreements) or (ii)
any of the parties to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing eithis the Company or lndemnitee in an action to determine lndemnitee’s rights under this
Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify
such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hiseto.



 


		(I)	The term” Proceeding” shall include any
threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative
hearing or any of this actual, threatened or completed proceeding, whethis brought in the right of the Company or of othiswise and whethis
of a civil, criminal, administrative or investigative nature, including any appeal thisefrom, in which lndemnitee was, is or will be
involved as a party,a potential party, a non-party witness or of othiswise by reason of the fact that lndemnitee is or was a Officer
or officer of the Company, by reason of any action taken by him or of any action or inaction on his part while acting as Officer or officer
of the Company, or by reason of the fact that he is or was serving at the request of the Company as a Officer, trustee, general partner,
managing member, officer, employee or agent of this corporation, partnership, joint venture, trust or fiduciary of the Company or any
of this enterprise, in each case whethis or not serving in such capacity at the time any liability or expense is incurred for which indemnification,
reimbursement, or advancement of expenses can be provided under this Agreement.









 




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		(J)	Reference to “of this enterprise” shall
include employee benefit plans; references to “fines “shall include any excise tax assessed with respect to any employee
benefit plan; references to ” serving at the request of the Company” shall include any service as a Officer, officer,
employee or agent of the Company which imposes duties on, or involves services by, such Officer, officer, employee or agent with respect
to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he reasonably believed
to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner
“not opposed to the best interests of the Company” as referred to in this Agreement.



 


Section 3. Indemnity in Third-Party
Proceedings. The Company shall indemnify lndemnitee in accordance with the provisions of this Section 3 if lndemnitee is, or is threatened
to be made, a party to or a participant in any Proceeding, of this than a Proceeding by or in the right of the Company to procure a judgment
in its favor. Pursuant to this Section 3, lndemnitee shall be indemnified against all Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by lndemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter thisein,
if lndemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company
and, in the case of a criminal proceeding had no reasonable cause to believe that his conduct was unlawful.


 


Section 4. Indemnity in Proceedings
by or in the Right of the Company. The Company shall indemnify lndemnitee in accordance with the provisions of this Section 4 if lndemnitee
is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment
in its favor. Pursuant to this Section 4, lndemnitee shall be indemnified against all Expenses actually and reasonably incurred by him
or on his behalf in connection with such Proceeding or any claim, issue or matter thisein, if lndemnitee acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made
under this Section 4 in respect of any claim, issue or matter as to which lndemnitee shall have been finally adjudged by a court to be
liable to the Company, unless and only to the extent that the Nevada Court of Chancery or any court in which the Proceeding was brought
shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, lndemnitee
is fairly and reasonably entitled to indemnification.


 


Section 5. Indemnification for Expenses of a Party
Who is Wholly or Partly Successful. Notwithstanding any of this provisions of this Agreement, to the extent that lndemnitee is a
party to (or a participant in) and is successful, on the merits or of othiswise, in any Proceeding or in defense of any claim, issue
or matter thisein, in whole or in part, the Company shall indemnify lndemnitee against all Expenses actually and reasonably incurred
by him in connection with. If lndemnitee is not wholly successful in such Proceeding but is successful, on the merits or of
othiswise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify lndemnitee
against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim,
issue or matter. If the lndemnitee is not wholly successful in such Proceeding, the Company also shall indemnify lndemnitee against
all Expenses actually and reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on
which the lndemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or
matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim,
issue or matter.


 




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Section 6. Indemnification
For Expenses of a Witness. Notwithstanding any of this provision of this Agreement, to the extent that lndemnitee is, by reason of
his Corporate Status, a witness in any Proceeding to which lndemnitee is not a party, he shall be indemnified against all Expenses actually
and reasonably incurred by him or on his behalf in connection thisewith.


 


Section 7. Additional Indemnification.


 


(a) 
Notwithstanding any limitation in Sections 3, 4, or 5, the Company shall indemnify lndemnitee to the fullest extent permitted
by law if lndemnitee is a party to or threatened to be made a party to or a participant in any Proceeding (including a Proceeding by or
in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by lndemnitee in connection with the Proceeding.


 


(b) 
For purposes of Section 7(a), the meaning of the phrase” to the fullest extent permitted by
law’’ shall include, but not be limited to:


 


(i) 
to the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement,
or the corresponding provision of any amendment to or replacement of the DGCL; and


 


(ii) 
to the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement
that increase the extent to which a corporation may indemnify its officers and Officers.


 


Section
8. Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make
any indemnity in connection with any claim made against lndemnitee:


 


(a) 
for which payment has actually been made to or on behalf of lndemnitee under any insurance policy or of this indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or of this indemnity provision, except (i) to the
extent that amounts are thiseafter “clawed back” or of othiswise under dispute and (ii) as may be of othiswise agreed upon by
the Company in writing;


 


(b) 
for an accounting of profits made from the purchase and sale (or sale and purchase) by lndemnitee of securities of the Company
within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or
common law; or


 


(c)  in
connection with any Proceeding (or any part of any Proceeding) initiated by lndemnitee, including any Proceeding (or any part of any
Proceeding) initiated by lndemnitee against the Company or its Officers, officers, employees or of this indemnitees, unless (i) the
Board authorized the Proceeding (or any part of the Proceeding) prior to its initiation (ii) the Company provides the
indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law or (iii)  such
Proceeding is initiated by lndemnitee to enforce his rights under this Agreement.


 




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Section 9. Advances of Expenses.
The Company shall preapprove any advance of the expenses incurred by lndemnitee in connection with any Proceeding within thirty (30) days
after the receipt by the Company of a statement.


 


Section 10.
Procedure for Notification and Defense of Claim.


 


(a) 
To obtain indemnification under this Agreement, lndemnitee shall submit to the Company a written request, including thisein or
thisewith such documentation and information as is reasonably available to lndemnitee and is reasonably necessary to determine whethis
and to what extent lndemnitee is entitled to indemnification, not later than thirty (30) days after receipt by lndemnitee of notice of
the commencement of any Proceeding. The failure by lndemnitee to notify the Company will not relieve the Company from any liability which
it may have to lndemnitee hereunder or under any of this agreement (including, without limitation, the Company’s Certificate of Incorporation
and Bylaws), and any delay in so notifying the Company shall not constitute a waiver by lndemnitee of any rights hereunder, except to
the extent (solely with respect to the indemnity hereunder) that such failure or delay materially prejudices the Company. The Secretary
of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that lndemnitee has requested
indemnification.


 


 (b) The Company will be entitled to participate in the Proceeding at its own expense.




 


Section 11. Procedure Upon Application for Indemnification.


 


(a)
Upon written request by lndemnitee for indemnification pursuant to the first sentence of Section 10 (a}. a determination, if required
by applicable law, with respect to lndemnitee’s entitlement thiseto shall be made in the specific case: (i) if a Change in Control
shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to lndemnitee or (ii)
if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Officers, even though less than a quorum
of the Board, (B) by a committee of Disinterested Officers designated by a majority vote of the Disinterested Officers, even though less
than a quorum of the Board, (C) if thise are no such Disinterested Officers or, if such Disinterested Officers so direct, by Independent
Counsel in a written opinion to the Board, a copy of which shall be delivered to lndemnitee or (D) if so directed by the Board, by the
stockholders of the Company; and, if it is so determined that lndemnitee is entitled to indemnification, payment to lndemnitee shall
be made within ten (10) days after such determination. lndemnitee shall cooperate with the person, persons or entity making such determination
with respect to lndemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable
advance request any documentation or information which is not privileged or of othiswise protected from disclosure and which is reasonably
available to lndemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements)
incurred by lndemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective
of the determination as to lndemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold lndemnitee
harmless thisefrom.


 




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(b)  In
the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a} hiseof,
the Independent Counsel shall be selected as provided in this Section 11(b}. If a Change in Control shall not have occurred,
the Independent Counsel shall be selected by the Board, and the Company shall give written notice to lndemnitee advising him of the
identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel shall be
selected by lndemnitee (unless lndemnitee shall request that such selection be made by the Board, in which event the preceding
sentence shall apply), and lndemnitee shall give written notice to the Company advising it of the identity of the Independent
Counsel so selected. In eithis event, lndemnitee or the Company, as the case may be, may, within ten (10) days after such written
notice of selection shall have been given, deliver to the Company or to lndemnitee, as the case may be, a written objection to such
selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does
not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection
shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected
shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may
not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is
without merit. If, within twenty (20) days after submission by lndemnitee of a written request for indemnification pursuant to Section
10(a) hiseof, no Independent Counsel shall have been selected and not objected to, eithis the Company or lndemnitee may
petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company or lndemnitee
to the of this’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by
the Court or by such of this person as the Court shall designate, and the person with respect to whom all objections are so resolved
or the person so appointed shall act as Independent Counsel under Section 11(a) hiseof. Upon the due commencement of any
judicial proceeding or arbitration pursuant to Section 13(a) of this Agreement, Independent Counsel shall be discharged and
relieved of any furthis responsibility in such capacity (subject to the applicable standards of professional conduct then
prevailing).


 


Section 12. Presumptions and Effect of Certain Proceedings.


 


(a) 
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that lndemnitee is entitled to indemnification under this Agreement if lndemnitee has submitted a request
for indemnification in accordance with Section 10(a) of this Agreement, and the Company shall have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neithis
the failure of the Company (including by its Officers or independent legal counsel) to have made a determination prior to the commencement
of any action pursuant to this Agreement that indemnification is proper in the circumstances because lndemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its Officers or independent legal counsel) that lndemnitee
has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that lndemnitee has not met
the applicable standard of conduct.


 


(b)  If
the person, persons or entity empowered or selected under Section 11 of this Agreement to determine whethis lndemnitee is
entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request
thisefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and lndemnitee shall be
entitled to such indemnification, absent (i) a misstatement by lndemnitee of a material fact, or an omission of a material fact
necessary to make lndemnitee’s statement not materially misleading, in connection with the request for indemnification or (ii)
a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a
reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making the determination with
respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of
documentation and/or information relating thiseto; and provided, furthis, that the foregoing provisions of this Section
12(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section
11(a) of this Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination
the Board has resolved to submit such determination to the stockholders for their consideration at an annual meeting thiseof to be
held within seventy-five (75) days after such receipt and
such determination is made thiseof, or (B) a special meeting of stockholders is called within fifteen (15) days after such receipt for
the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and
such determination is made thiseat or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel
pursuant to Section 11(a) of this Agreement.





 




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(c) 
The termination of any Proceeding or of any claim, issue or matter thisein, by judgment, order, settlement or conviction, or upon
a plea of nolo contendere or its equivalent, shall not (except as of othiswise expressly provided in this Agreement) of itself
adversely affect the right of lndemnitee to indemnification or create a presumption that lndemnitee did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that lndemnitee had reasonable cause to believe that his conduct was unlawful.


 


(d) 
Reliance as Safe Harbor. For purposes of any determination of good faith, lndemnitee shall be deemed to have acted in good
faith if lndemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information
supplied to lndemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise
or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser
or of this expert selected with reasonable care by the Enterprise. The provisions of this Section 12(d) shall not be deemed to
be exclusive or to limit in any way the circumstances in which the lndemnitee may be deemed to have met the applicable standard of conduct
set forth in this Agreement.


 


(e) 
Actions of Others. The knowledge and / or actions, or failure to act, of any
Officer, officer, agent or employee of the Enterprise shall not be imputed to lndemnitee for purposes of determining the right to indemnification
under this Agreement.


 


Section 13. Remedies of lndemnitee.


 


(a)  In
the event that (i) a determination is made pursuant to Section 11 of this Agreement that lndemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this
Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of this
Agreement within forty-five (45) days after receipt by the Company of the request for indemnification, (iv) payment of
indemnification is not made pursuant to Section 5 or 6 or the last sentenceo f Section 11(a) of this Agreement within
ten (10) days after receipt by the Company of a written request thisefor, (v) payment of indemnification pursuant to Section 3, 4
or 7 of this Agreement is not made within ten (10) days after a determination has been made that lndemnitee is entitled to
indemnification or (vi) the Company or any of this person or entity takes or threatens to take any action to declare this Agreement
void or unenforceable, or institutes any litigation or of this action or proceeding designed to deny, or to recover from, lndemnitee
the benefits provided or intended to be provided to lndemnitee hereunder, lndemnitee shall be entitled to an adjudication by a
court, selected pursuant to Section 22, to such indemnification or advancement of Expenses. Alternatively, lndemnitee, at his
option, may seek an award in arbitration to be conducted by a single arbitrator through the Judicial Arbitration and Mediation
Service (“JAMS”). lndemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within
180 days following the date on which lndemnitee first has the right to commence such proceeding pursuant to this Section 13(a):
provided, however, that the foregoing clause shall not apply in respect of a proceeding brought by lndemnitee to enforce his
rights under Section 5 of this Agreement. The Company shall not oppose lndemnitee’s right to seek any such
adjudication or award in arbitration.


 




    14


    


    

 


(b) 
In the event that a determination shall have been made pursuant to Section 11(a) of this Agreement that lndemnitee is not
entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in
all respects as a de novo trial, or arbitration, on the merits and lndemnitee shall not be prejudiced by reason of that adverse determination.
In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company shall have the burden of proving lndemnitee
is not entitled to indemnification or advancement of Expenses, as the case may be.


 


(c) 
If a determination shall have been made pursuant to Section 11(a) of this Agreement that lndemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13,
absent (i) a misstatement by lndemnitee of a material fact, or an omission of a material fact necessary to make lndemnitee’s statement
not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification under applicable
law.


 


(d) 
The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 13
that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or
before any such arbitrator that the Company is bound by all the provisions of this Agreement. The Company shall indemnify lndemnitee against
any and all Expenses and, if requested by lndemnitee, shall (within ten (10) days after receipt by the Company of a written request thisefore)
advance such Expenses to lndemnitee, which are incurred by lndemnitee in connection with any action brought by lndemnitee for indemnification
or advancement of Expenses from the Company under this Agreement or under any Officers’ and officers’ liability insurance policies maintained
by the Company, regardless of whethis lndemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses
or insurance recovery, as the case may be.


 


Section 14. Non-exclusivity: Survival of Rights: Insurance:
Subrogation.


 


(a) 
The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive
of any of the rights to which lndemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation,
the Company’s Bylaws, any agreement, a vote of stockholders or a resolution of Officers, or of othiswise. No amendment, alteration or
repeal of this Agreement or of any provision hiseof shall limit or restrict any right of lndemnitee under this Agreement in respect of
any action taken or omitted by such lndemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that
a change in Nevada law, whethis by statute or judicial decision, permits greater indemnification or advancement of Expenses than would
be afforded currently under the Company’s Certificate of Incorporation, Bylaws and this Agreement, it is the intent of the parties hiseto
that lndemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy hisein conferred is
intended to be exclusive of any of this right or remedy, and every of this right and remedy shall be cumulative and in addition to every
of this right and remedy given hereunder or now or hiseafter existing at law or in equity or of othiswise. The assertion or employment
of any right or remedy hereunder, or of othiswise, shall not prevent the concurrent assertion or employment of any of this right or remedy.


 


(b) 
To the extent that the Company maintains an insurance policy or policies providing liability insurance for Officers, officers,
employees, or agents of the Company or of any of this corporation, partnership, joint venture, trust, employee benefit plan or of this
enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any such Officer, officer, employee or agent under such policy
or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hiseof, the Company has Officer and officer
liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thiseafter take all necessary or desirable action to cause
such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of
such policies.


 








    15


    


    

 


(c) 
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.


 


(d) 
The Company shall not be liable under this Agreement to make any payment of amounts of othiswise indemnifiable (or for which advancement
is provided hereunder) hereunder if and to the extent that Indemnitee has of othiswise actually received such payment under any insurance
policy, contract, agreement or of othiswise except (i) to the extent that amounts are thiseafter “clawed back” or of othiswise
under dispute and (ii) as may be of othiswise agreed upon by the Company in writing.


 


(e) 
The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company
as a Officer, officer, employee or agent of any of this corporation, partnership, joint venture, trust, employee benefit plan or of this
enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such of
this corporation, partnership, joint venture, trust, employee benefit plan or of this enterprise.


 


Section 15. Duration of Agreement.
This Agreement shall continue until and terminate upon the later of: (a) ten (10)
years after the date that Indemnitee shall have ceased to serve as a Officer or (b) one (1) year after the final termination of
any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and
of any proceeding (including any appeal) commenced by Indemnitee pursuant to Section 13 of this Agreement relating thiseto. This Agreement
shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors
and administrators. The Company shall require and shall cause any successor (whethis direct or indirect by purchase, merger, consolidation
or of othiswise) to all or substantially all of the business or assets of the Company to, by written agreement, expressly assume and agree
to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession
had taken place.


 


Section 16. Severability. If any provision or
provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity,
legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section
of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by
law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the
maximum effect to the intent of the parties hiseto; and (c) to the fullest extent possible, the provisions of this Agreement
(including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the
intent manifested thereby.


 












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Section 17. Enforcement.


 


(a) 
The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby
in order to induce Indemnitee to serve as a Officer of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as a Officer of the Company.


 


(b) 
This Agreement constitutes the entire agreement between the parties hiseto with respect to the subject matter hiseof and supersedes
all prior agreements and understandings, oral, written and implied, between the parties hiseto with respect to the subject matter hiseof.


 


Section 18. Modification and Waiver.
No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties thiseto. No waiver
of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any of this provisions of this Agreement nor
shall any waiver constitute a continuing waiver.


 


Section 19. Notice by Indemnitee.
Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment,
information or of this document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses
covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have
to the Indemnitee under this Agreement or of othiswise.


 


Section 20. Notices. All notices,
requests, demands and of this communications under this Agreement shall be in writing and shall be deemed to have been duly given (a)
if delivered by hand and receipted for by the party to whom said notice or of this communication shall have been directed, or (b) mailed
by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:


 


(a) 
If to lndemnitee, at the address indicated on the signature page of this Agreement, or such of this address as lndemnitee shall
provide to the Company.


 


 (b) If to the Company to


 




KRONOS Advanced Technologies,
Inc.


Attn: General Counsel


4768 Park Granada, suite 200B


Calabasas, Ca 91302


 


or to any of this address as may have been furnished to
Indemnitee by the Company.


 


Section 21. Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whethis
for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances
of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or
transaction(s) giving cause to such Proceeding and/or (ii) the relative fault of the Company (and its Officers, officers, employees and
agents) and Indemnitee in connection with such event(s) and/or transaction(s).


 






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Section 22. Applicable Law
and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced
in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. Except with respect to any arbitration
commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee hereby
irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be
brought only in the Superior Court of the State of Nevada (the “Nevada Court”),
and not in any of this state or federal court in the United States of America or any court in any
of this country, (ii) consent to submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising
out of or in connection with this Agreement, (iii) appoint, to the extent such party is not of othiswise subject to service of process
in the State of Nevada, irrevocably as its agent for service in the State of Nevada as such party’s agent for acceptance of legal
process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon
such party personally within the State of Nevada, (iv) waive any objection to the laying of venue of any such action or proceeding in
the Nevada Court and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada
Court has been brought in an improper or inconvenient forum.


 


Section 23. Coverage. This
Agreement shall apply with respect to Indemnitee’s service as a Officer of the Company prior to.the date of this Agreement.


 


Section 24. Identical Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all
of which togethis shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability
is sought needs to be produced to evidence the existence of this Agreement.


 


Section 25. Miscellaneous. Use
of the masculine pronoun shall be deemed to include usage of the feminine pronoun whise appropriate. The headings of the paragraphs of
this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction
thiseof.


 





IN WITNESS WHEREOF, the parties have caused this Agreement to be signed
as of the day and year first above written.


 


	 	KRONOS Advanced Technologies, Inc.
	 	 	 
	 	By:	/s/ Michae
    Rubinov
	 	Name:	Michae Rubinov 
	 	Title: 	President
	 	 	 
	 	INDEMNITEE
	 	 
	 	/s/ Joseph
    Florence
	 	Name:	Joseph Florence
	 	 	 
	 	Title: CTO:  	Chief Transfromation Officer



 












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EXHIBIT B


 


PROPRIETARY INFORMATION, INVENTIONS
AND NON-COMPETITION AGREEMENT


 


This PROPRIETARY INFORMATION, INVENTIONS and
NON-COMPETITION AGREEMENT (the “Agreement”) is made and entered into as of February 26, 2020 (the “Effective
Date”), by and between KRONOS Advanced Technologies, Inc., a Nevada corporation (“Corporation”) and Joseph
Florence (“Officer”).


 


RECITALS


 


WHEREAS, the parties desire to assure
the confidential status and proprietary nature of the information which may be disclosed by Corporation to the Officer; and


 


AGREEMENT


 


NOW THISEFORE, in reliance upon and
in consideration of the following undertaking, the parties agree as follows:


 


1. Nondisclosure.


 


1.1 Recognition
of Corporation’s Rights; Nondisclosure. At all times during the period of time Officer serves as a member of the Board of Directors
of the Corporation (“Service Period”) and provides the necessary and requested services in such capacity (“Services”),
Officer will hold in strictest confidence and will not disclose, use, lecture upon or publish any of the Corporation’s Proprietary
Information (defined below), except as such disclosure, use or publication may be required in connection with Service to the Corporation,
or unless the Corporation expressly authorizes such disclosure in writing. Officer will obtain Corporation’s written approval before
publishing or submitting for publication any material (written, verbal, or of othiswise) that relates to Services and/or incorporates
any Proprietary Information. Officer hereby assigns to the Corporation any rights Officer may have or acquire in such Proprietary Information
and recognizes that all Proprietary Information shall be the sole property of the Corporation and its assigns.


 


1.2 Proprietary
Information. The term “Proprietary Information” shall mean any and all confidential and/or proprietary
knowledge, data or information of the Corporation, including that which Officer may produce in service to the Corporation. By way of
illustration but not limitation, “Proprietary Information” includes (a) trade secrets, inventions, mask works,
ideas, processes, formulas, source and object codes, data, programs, of this works of authorship, know-how, improvements,
discoveries, developments, designs and techniques (hiseinafter collectively referred to as “Inventions”); and (b)
information regarding plans for research, development, new products, marketing and selling, business plans, budgets and unpublished
financial statements, pricing strategies, licenses, prices and costs, suppliers and customers; and (c) information regarding the
skills and compensation of Officer of this service providers of the Corporation.


 


1.3 Third
Party Information. Officer understands, in addition, that the Corporation has received and in the future will receive from third
parties, including clients, customers, consultants, licensees or affiliates, confidential or proprietary information (“Third
Party Information”). Officer understands that the Corporation has a duty to maintain the confidentiality of such Third
Party Information and to use it only for certain limited purposes. During the Service Period and thiseafter, Officer will hold Third
Party Information in the strictest confidence and will not disclose Third Party Information to anyone (of this othis than
Corporation personnel who need to know such information in connection with their work for the Corporation) or use Third Party
Information (except in connection with the performance of Officer’s Services for the Corporation), unless expressly authorized by
the Corporation in writing.


 






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1.4 No
Improper Use of Information of Prior Employers and Othiss. During the Service Period, Officer will not improperly use or disclose
any confidential information or trade secrets, if any, of any former or current employer or any of this person to whom Officer has an
obligation of confidentiality, and Officer will not bring onto the Corporation premises any unpublished documents or any property belonging
to any former or current employer or any person to whom Officer has an obligation of confidentiality unless consented to in writing by
that former or current employer or person. In the performance of his duties, Officer will only use information which is generally known
and used by persons with training and experience comparable to his own, which is common knowledge in the industry or of othiswise legally
in the public domain, or which is of othiswise provided or developed by the Corporation.


 


2. Assignment
of Inventions.


 


2.1 Proprietary
Rights. The term “Proprietary Rights” shall mean all trade secrets, patent, copyright, mask work and of this intellectual
property rights throughout the world.


 


2.2 Prior
Inventions. Inventions, if any, patented or unpatented, which Officer made prior to the commencement of the Service Period are excluded
from the scope of this Agreement. To preclude any possible uncertainty, Officer has set forth on Attachment B (Previous Inventions)
attached hiseto a complete list of all Inventions that Officer has or caused to be (alone or jointly with of this agreement) conceived,
developed or reduced to practice prior to the commencement of the Service Period, that Officer considers to be his property or the property
of third parties and that Officer wishes to have excluded from the scope of this Agreement (collectively referred to as “Prior
Inventions”). If such disclosure would cause Officer to violate any prior confidentiality agreement, Officer shall not list such
Prior Inventions in Attachment B but only disclose a cursory name for each such Invention, a listing of the party(ies) to whom
it belongs and the fact that full disclosure as to such inventions has not been made for that reason. A space is provided on Attachment
B for such purpose. If no such disclosure is attached, Officer represents that thise are no Prior Inventions. If, during the Service
Period, Officer incorporates a Prior Invention into a Corporation product, process or machine, the Corporation is hereby granted and shall
have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with rights to sublicense through multiple tiers of sub-licensees)
to make, have made, modify, use and sell such Prior Invention. Notwithstanding the foregoing, Officer agrees that he will not incorporate,
or permit to be incorporated, Prior Inventions in any Corporation Inventions without the Corporation’s prior written consent.


 






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2.3 Assignment
of Inventions. Subject to Sections 2.4 and 2.6, Officer hereby assigns, and agrees to assign in the future when any such
Inventions or Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable, to the
Corporation all right, title and interest in and to any and all Inventions (and all Proprietary Rights with respect thiseto) whethis
or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by
Officer, eithis alone or jointly with of this agreement, during the Service Period. Inventions assigned to the Corporation, or to a
third party as directed by the Corporation pursuant to this Section 2, are hiseinafter referred to as “Corporation
Inventions.”





 


2.4 Non-assignable
Inventions. This Agreement does not apply to an Invention which the Officer developed entirely on his or his own time without using the
Company’s equipment, supplies, facilities, or trade secret information except forthose inventions that eithis:


 


		(a)	Relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated
research or development of the Company; or






 


		(b)	Result from any Services performed by the Officer for the Company.






 


2.5 Officer
has reviewed the notification on Attachment A (Limited Exclusion Notification) and agrees that his signature acknowledges receipt
of the notification.


 


2.6 Obligation to Keep Corporation
Informed. During the Service Period, and for twelve (12) months after termination of the Service Period, Officer will fully
disclose in writing to the Corporation all Inventions authored, conceived or reduced to practice by Officer, eithis alone or jointly
with this corporation, within no more than thirty (30) days after creation. In addition, Officer will disclose to the Corporation
all patent applications filed within a year after termination of the Service Period by Officer, or on his behalf, within no more
than thirty (30) days after filing. At the time of each such disclosure, Officer will advise the Corporation in writing of any
Inventions that he believes fully qualify for exemption under Section 2.4 of this Agreement, and Officer will, at that time, provide
all written evidence necessary to substantiate that belief. The Corporation will keep in confidence and will not use for any purpose
or disclose to third parties without Officer’s consent any confidential information disclosed in writing to the Corporation
pursuant to this Agreement relating to Inventions that qualify fully for exemption under the provisions of Section 2.4 of this
Agreement. Officer will preserve the confidentiality of any Invention that does not fully qualify for exemption under Section 2.4 of
this Agreement.


 


2.7 Works
for Hire. Officer acknowledges that all original works of authorship which are made by Officer (solely or jointly with of this corporation)
within the scope of Service and which are protectable by copyright are “works made for hire,” pursuant to United States Copyright
Act (17 U.S.C., Section 101) and shall be the sole property of the Corporation.


 


2.8 Enforcement of Proprietary
Rights. Officer will assist the Corporation, or its nominee, to obtain and enforce United States and foreign Proprietary Rights
relating to Corporation Inventions in any and all countries, and such Proprietary Rights and Corporation Inventions shall be and
remain the sole and exclusive property of the Corporation, or its nominee, whethis patented or not or copyrighted. Accordingly,
Officer will promptly execute, verify and deliver such documents and perform such acts (including appearances as a witness and
assistance or cooperation in legal proceedings) as the Corporation
may reasonably request in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment
thiseof. This obligation shall survive and continue beyond the termination of the Service Period, but the Corporation shall compensate
Officer at a reasonable rate after his termination for the time spent providing such assistance.


 




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2.9 Appointment
of Corporation as Agent. If, after reasonable effort, the Corporation is unable to secure Officer’s signature on any document needed
in connection with the actions specified hisein, Officer hereby irrevocably designates and appoints the Corporation and its duly authorized
officers and agents as Officer’s agents and attorneys-in-fact, which appointment is coupled with an interest, to act for and in Officer’s
behalf to execute, verify and file any such documents and to do all of this lawfully permitted acts to furthis the purposes of this Agreement
with the same legal force and effect as if executed by Officer. Officer hereby waives and quitclaims to the Corporation any and all claims,
of any nature whatsoever, which Officer now or may hiseafter have for infringement of any Proprietary Rights assigned hereunder to the
Corporation.


 


 3. Records.




 


Officer agrees to keep and maintain adequate and
current records (in the form of notes, sketches, drawings and in any of this form that may be required by the Corporation) of all Proprietary
Information developed by Officer and all Inventions made by Officer during the Service Period, which records shall be available to and
remain the sole property of the Corporation at all times.


 


4.
Non-Competition Obligation.




 


Officer agrees that during the Service Period, Officer will not
provide any services or engage in any employment or business activity which is competitive with, or would of othiswise conflict
with, Officer’s Service to the Corporation, without the Corporation’s express written consent. Officer agrees furthis that during
the Service Period and for two (2) years after the termination of the Service Period, Officer will not, eithis directly or through
of this corporation, use trade secret information of the Company to solicit or attempt to solicit any customer, vendor, employee,
independent contractor or consultant of the Corporation to terminate his or his relationship with the Corporation in order to become
a customer, vendor, employee, consultant or independent contractor to or for any of this person or entity including, without
limitation, Officer.


 


 5. Non-Solicitation With the Corporation.




 


Officer covenants and agrees that, for a period
of two (2) years following termination of the Service Period, Officer will not use trade secret information of the Corporation to solicit
or engage in competitive business with Corporation’s existing or potential vendors or customers at the time of his separation from the
Corporation and Officer will not encourage or solicit any customer, vendor, employee or consultant to leave the Corporation for any reason.


 


 6. No Conflicting Obligation.




 


Officer represents that his performance of all
the terms of this Agreement and as a Officer to the Corporation does not and will not breach any agreement to keep information acquired
by Officer prior to the Service Period in confidence or trust.


 




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Officer has not entered into, and agrees he will
not enter into, any agreement eithis written or oral in conflict herewith.


 


 7. Return of Corporation Documents.




 


Upon termination of the Service Period, Officer
will deliver to the Corporation any and all drawings , notes, memoranda, specifications, devices, formulas, and documents, togethis with
all copies thiseof, and any of this material containing, comprising or disclosing any Corporation Inventions, Proprietary Information
and Third Party Information. Officer furthis agrees that any property situated on the Corporation’s premises and owned by the Corporation,
including disks and of this storage media, filing cabinets or of this work areas, is subject to inspection by the Corporation at any time
with or without notice. Prior to leaving, Officer will cooperate with the Corporation in completing and signing the Corporation’s termination
statement, which will include, at a minimum, the certifications set forth in Attachment C.


 


 8. Legal and Equitable Remedies.




 


Because Officer’s services are personal and unique
and because Officer may have access to and become acquainted with the Proprietary Information of the Corporation, the Corporation shall
have the right to enforce this Agreement and any of its provisions by injunction, specific performance or


 


of this equitable relief, without bond and without
prejudice to any of this rights and remedies that the Corporation may have for a breach of this Agreement.


 


 9. Notices.




 


Any notices required or permitted hereunder shall
be given to the appropriate party at the address specified below or at such of this address as the party shall specify in writing. Such
notice shall be deemed given upon personal delivery to the


 


 10. Governing Law: Consent to Personal Jurisdiction: Attorney’s Fees.




 


This Agreement and the legal relations among
the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to
its conflict of laws rules. The Corporation and Officer hereby irrevocably and unconditionally (i) agree that any action or
proceeding arising out of or in connection with this Agreement shall be brought only in the State of Nevada (the “Nevada
Court”), and not in any of this state or federal court in the United States of America or any court in any of this
country, (ii) consent to submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising
out of or in connection with this Agreement, (iii) appoint, to the extent such party is not of othiswise subject to service of
process in the State of Nevada, irrevocably appointing this corporation as its agent in the State of Nevada as such party’s
agent for acceptance of legal process in connection with any such action or proceeding against such party with the same legal force
and validity as if served upon such party personally within the State of Nevada, (iv) waive any objection to the laying of venue of
any such action or proceeding in the Nevada Court and (v) waive, and agree not to plead or to make, any claim that any such action
or proceeding brought in the Nevada Court has been brought in an improper or inconvenient forum.


 




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10.1 Severability. If one or more of
the provisions contained in this Agreement shall, appropriate address or, if sent by certified or registered mail, three (3) days
after the date of mailing.





 


 11. General Provisions.




 


for any reason, be held to be invalid, illegal
or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the of this provisions of this Agreement
and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained hisein. If, moreover,
any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical
scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the
applicable law as it shall then appear.


 


11.1 Successors
and Assigns. This Agreement will be binding upon Officer’s heirs, executors, administrators and of this legal representatives and
will be for the benefits of the Corporation, its successors, and its assigns.


 


11.2 Survival.
Officer agrees that the provisions of this Agreement shall survive the termination of the Service Period and the assignment of this Agreement
by the Corporation to any successor-in-interest or of this assignee, regardless of the reason or reasons for termination and whethis such
termination is voluntary or involuntary.


 


11.3 Nature
of Relationship. This Agreement shall not be deemed nor does it create an employment contract between the Corporation (or any of its
subsidiaries or related companies) and Officer. Officer is an independent contractor and shall not be deemed an employee of the Corporation
for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment benefits or any of this purpose. Officer’s term
of service is defined in Section 7 of the Officer Retainer Agreement between Officer and the Company signed concurrently hisewith.


 


11.4 Waiver.
No waiver by the Corporation of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the
Corporation of any right under this Agreement shall be construed as a waiver of any of this right. The Corporation shall not be required
to give notice to enforce strict adhisence to all terms of this Agreement.


 


11.5 Advice
of Counsel. Officer acknowledges that, in executing this Agreement, Officer has had the opportunity to seek the advice of independent
legal counsel, and Officer has read and understood all the terms and provisions of this Agreement. This Agreement shall not be construed
against any party by reason of the drafting or preparation hiseof.


 


11.6 Modification.
This Agreement may not be changed, modified, released, discharged, abandoned or of othiswise amended, in whole or in part, except by an
instrument in writing, signed by Officer and the Corporation. Officer agrees that any subsequent change or changes in Officer’s duties,
salary, or compensation shall not affect the validity or scope of this Agreement.


 


11.7 Entire Agreement. The obligations
of this Agreement shall apply to any time during which Officer previously provided service, or will in the future provide service, to
the Corporation as a consultant or agent if no of this agreement governs nondisclosure and assignment of inventions during such period.
This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hiseof and supersedes
and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this
Agreement, will be effective unless in writing and signed by the party to be charged. The headings in this Agreement are used for convenience
only and are not to be considered a part of this Agreement or be used to interpret the meaning of any part of this Agreement.


 


11.8 Counterparts.
This Agreement may be signed in two counterparts, each shall be deemed an original and both of which shall togethis constitute one agreement.


 


[The remainder of this page has been intentionally left blank. Signature
page(s) to follow}


 




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I HAVE READ
THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS. I HAVE COMPLETELY FILLED OUT ATTACHMENT B TO
THIS AGREEMENT. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I
SIGN THIS AGREEMENT VOLUNTARILY AND FREELY.


 


	Dated:	5/26/2020	 
	 	 	 
	By:	/s/ Joseph
    Florence	
	Printed Name: 	Joseph Florence	 



 


	ACCEPTED
    AND AGREED TO:
	 
	KRONOS Advanced Technologies, Inc.
	 	 
	By:	/s/ Michael Rubinov	 
	 	 	 
	Its: 	President	 






	Printed Name: 	 Michael Rubinov	 









 




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ATTACHMENT A


LIMITED EXCLUSION NOTIFICATION


 


THIS IS TO NOTIFY you that the foregoing
Agreement between you and the Corporation does not require you to assign or offer to assign to the Corporation any invention that you
developed entirely on your own time without using the Corporation’s equipment, supplies, facilities or trade secret information except
for those inventions that are listred below:


 


		1.	Relate at the time of conception or reduction to practice of the
invention to the Corporation’s business, or actual or demonstrably anticipated research or development of the Corporation;



 


		2.	Result from any Services performed by you for the Corporation.



 




To the extent a provision in the foregoing Agreement
purports to require you to assign an invention of othiswise excluded from the preceding paragraph, the provision is unenforceable.


 





This limited exclusion does not apply to any patent or invention covered by a contract between
the Corporation and the United States or any of its agencies requiring full title to such patent or invention to be in the United States.


 


I ACKNOWLEDGE
RECEIPT of a copy of this notification.


 


		By:	Joseph Florence
	 	Date:	5/26/2020



 





WITNESSED BY·


 


	 	 



(Printed Name Of Corporation


Representative)


 




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ATTACHMENT B


 


	TO:	[KRONOS Advanced Technologies                 ]



 


	FROM:	Joseph L. Florence (Officer)	 



 


	DATE:	May 25, 2020	 



 


	SUBJECT:	Previous Inventions



 


1. Except
as listed in Section 2 below, the following is a complete list of all inventions or improvements relevant to the subject matter of my
provision of service to KRONOS Advanced Technologies, Inc.., a Nevada corporation (the “Corporation”), that have been made or
conceived or first reduced to practice by me alone or jointly with of this prior to my engagement by the Corporation:



 


☐ No
inventions or improvements.


 


XX See below:


 


As
referenced in EXHIBIT B paragraph 2.2 as related to the OFFICER RETAINER AGREEMENT, Previous
Inventions of the Officer shall be identified as described herein. In the interest of expediency, both the Corporation and the
Officer agree that any such “Items” that the Officer can provide documentary evidence of having conceived or of
having in his possession, prior to the execution of this Agreement shall be accepted as Previous Inventions. Hereinafter, Items
shall include trade secrets, inventions, mask works, ideas, processes, formulas, source and object codes, data, programs, of this
works of authorship, know-how, improvements, discoveries, developments, licenses, prices and costs, suppliers, and customer’s
designs and techniques. In the interest of disclosure, documentary evidence shall include but not be limited to: potents, emails,
texts, sketches, CAD data, technical notes, and third party testimony.


 


☐ Additional
sheets attached.


 


2.
Due to a prior confidentiality agreement, I cannot complete the disclosure under Section 1 above with respect to inventions or improvements
generally listed below, the proprietary rights and duty of confidentiality with respect to which I owe to the following party(ies):


 





	 	Invention or Improvement Party(ies)	 	Relationship
	 	 	 	 
	1.	 	 	 
	 	 	 	 
	☐	Additional sheets attached.	 	 
	 	 	 	/s/ Joseph
  Florence
	 	 	 	Officer
	 	 	 	 
	 	 	 	 
	 	 	 	Corporation






 







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ATTACHMENT C


 


CERTIFICATIONS


 


[Fill Out ONLY Upon Termination of Relationship]


 


I certify that I do not have in my possession,
nor have I failed to return, any records, documents, computer disks, tapes or printouts, sound recordings, customer lists, photographs,
data, specifications, drawings , blueprints, reproductions, sketches, notes, reports, proposals, or copies of them, or of this documents
or materials, equipment, samples, prototypes, models or material containing, comprising or disclosing any Corporation Inventions, Third
Party Information or Proprietary Information of the Corporation, its successors and assigns.


 


I furthis certify that I have complied with and
will continue to comply with all the terms of the Proprietary Information and Inventions Agreement signed by me with the Corporation,
including the reporting of any Inventions conceived or made by me covered by such agreement.


 


I furthis agree that in compliance with the Proprietary
Information and Inventions Agreement, I will preserve as confidential all trade secrets, confidential information, Proprietary Information,
Inventions, Third Party Information, Proprietary Rights and Corporation Inventions, as well as any of this subject matter pertaining to
any business of the Corporation or any of its clients, customers, consultants, licensees, or affiliates.








 


	 	 
	 	 
	 	 
	 	 
	 	Date



 


 


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