Document:

Exhibit
10.10

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (the “Agreement”) is made and entered into as of this 25th day of August 2020, by and between
MJ Holdings, Inc. a Nevada corporation whose address is 1300 South Jones Blvd, Suite 104, Las Vegas, NV 89146 (the “Company”)
and Sylios Corp (the “Consultant”), a Florida corporation whose address is 501 1st Ave N., Suite 900, St. Petersburg,
FL 33701, (individually, a “Party”; collectively, the “Parties”). This Agreement is non-exclusive.

 

RECITALS

 

WHEREAS,
Consultant has significant experience in the preparation of reports to be filed with the Securities and Exchange Commission
(“SEC”); including, but not limited to Registration Statements, Quarterly Reports, Annual Reports, Current Reports,
review of consolidated financial statements, and filings of other accounting and financial reporting forms to regulatory agencies.

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, the Parties hereto hereby agree as follows:

 

1.
CONDITIONS. This Agreement will not take effect, and Consultant will have no obligation to provide any service whatsoever,
unless and until the Company sends a signed copy of this Agreement to Consultant (either by mail, email or facsimile copy). The
Company shall be truthful with Consultant in regard to any relevant material regarding the Company, verbally or otherwise, or
this entire Agreement will terminate and all consideration paid shall be forfeited without further notice.

 

Upon
execution of this Agreement, the Company agrees to cooperate with Consultant in carrying out the purposes of this Agreement, keep
Consultant informed of any developments of importance pertaining to the Company’s business and abide by this Agreement in
its entirety.

 

2.
TERM OF AGREEMENT. This Agreement shall be in full force and effect commencing on August 25, 2020 and shall remain in effect
for six (6) months or until the Company’s Annual Report for the period ended December 31, 2019, and Quarterly Reports for
the periods ended March 31, 2020, June 30, 2020 and September 30, 2020 are filed with the Securities and Exchange Commission.
Either Party shall have the right to terminate this Agreement without notice in the event of the bankruptcy, insolvency, or assignment
for the benefit of creditors of the other Party. Either Party shall have the right to terminate this Agreement with notice, and
the effective date of termination shall be the date such notice is received (by mail, overnight delivery, or fax) by the terminated
Party.

 

3.
CONSULTING SERVICES. During the term of this Agreement, Consultant will perform the services described below (the “Consulting
Services”) for the Company.

 

(a)
Transactional Business 

 

(i)
Preparation of the Company’s Annual Report for the period ended December 31, 2019; and

 

    	1

     

    

 

(ii)
Preparation of the Company’s Quarterly Reports for the periods ended March 31, 2020, June 30, 2020 and September 30, 2020;
and

 

(iii)
Preparation of the Company’s Current Reports; and

 

(iv)
Work with the Company’s accounting firm/auditor to assist in preparation of the Company’s financial tables and footnotes
to be included within the financial reports to be filed with the Securities and Exchange Commission.

 

4.
STANDARD OF PERFORMANCE. Consultant shall devote such time and efforts to the affairs of the Company as is reasonably necessary
to render the services contemplated by this Agreement. Consultant is not responsible for the performance of any services that
may be rendered hereunder if the Company fails to provide the requested information in writing prior thereto. The services of
Consultant shall not include the rendering of any legal opinions or the performance of any work that is in the ordinary purview
of a certified public accountant. Consultant cannot guarantee results on behalf of the Company but shall use commercially reasonable
efforts in providing the services listed above.

 

5.
COMPENSATION TO CONSULTANT. As Consultant’s entire compensation for its performance under this agreement, the Company
shall pay Consultant $20,000.00 (exclusive of agreed upon extraordinary expenses). The first payment of $10,000.00 shall be paid
to Consultant: (i) upon execution of this Agreement, and (ii) the second payment of $10,000.00 upon the filing of the June 30,
2020 Quarterly Report. In addition, the Consultant shall receive 100,000 shares of common stock (the “Shares”) of
the Company upon execution of the Agreement. The shares shall be issued as book entry in the name of the Consultant, or its designee
(the “Shareholder”), and shall be released to the Shareholder upon the filing of the September 30, 2020 Quarterly
Report. The Consultant shall nominate an individual/entity in which name the shares shall be issued. The Company shall agree to
include the shares of common stock issued to the Consultant in the next Registration Statement filed by the Company. The Consultant
will be solely responsible for all tax returns and payments required to be filed with or made to any federal, state or local tax
authority with respect to the Consultant’s performance of services and receipt of fees under this Agreement. The Company
will regularly report amounts paid, if any, to the Consultant by filing Form 1099-MISC and/or other appropriate form with the
Internal Revenue Service as required by law. Because the Consultant is an independent contractor, the Company will not withhold
or make payments for social security; make consulting contract insurance or disability insurance contributions; or obtain worker’s
compensation insurance on the Consultant’s behalf. The Consultant agrees to accept exclusive liability for complying with
all applicable state and federal laws governing self-employed individuals, including obligations such as payment of taxes, social
security, disability and other contributions based on fees paid to the Consultant under this Agreement. The Consultant hereby
agrees to indemnify and defend the Company against any and all such taxes or contributions, including penalties and interest.

 

6.
CONFIDENTIAL INFORMATION. The Consultant and the Company acknowledge that each will have access to proprietary information
regarding the business operations of the other and agree to keep all such information secret and confidential and not to use or
disclose any such information to any individual or organization without the non-disclosing Parties prior written consent. It is
hereby agreed that from time to time Consultant and the Company may designate certain disclosed information as confidential for
purposes of this Agreement.

 

    	2

     

    

 

7.
INDEMNIFICATION. Each Party (the “Indemnifying Party”) agrees to indemnify, defend, and hold harmless the other
Party (the “Indemnified Party”) from and against any and all claims, damages, and liabilities, including any and all
expense and costs, legal or otherwise, caused by the negligent act or omission of the Indemnifying Party, its subcontractors,
agents, or employees, incurred by the Indemnified Party in the investigation and defense of any claim, demand, or action arising
out of the work performed under this Agreement; including breach of the Indemnifying Party of this Agreement. The Indemnifying
Party shall not be liable for any claims, damages, or liabilities caused by the sole negligence of the Indemnified Party, its
subcontractors, agents, or employees.

 

The
Indemnified Party shall notify promptly the Indemnifying Party of the existence of any claim, demand, or other matter to which
the Indemnifying Party’s indemnification obligations would apply, and shall give them a reasonable opportunity to settle
or defend the same at their own expense and with counsel of their own selection, provided that the Indemnified Party shall at
all times also have the right to fully participate in the defense. If the Indemnifying Party, within a reasonable time after this
notice, fails to take appropriate steps to settle or defend the claim, demand, or the matter, the Indemnified Party shall, upon
written notice, have the right, but not the obligation, to undertake such settlement or defense and to compromise or settle the
claim, demand, or other matter on behalf, for the account, and at the risk, of the Indemnifying Party.

 

The
rights and obligations of the Parties under this Article shall be binding upon and inure to the benefit of any successors, assigns,
and heirs of the Parties.

 

8.
COVENANTS OF CONSULTANT. Consultant covenants and agrees with the Company that, in performing Consulting Services under this
Agreement, Consultant will:

 

(a)
Comply with all federal and state laws;

 

(b)
Not make any representations other than those authorized by the Company; and

 

(c)
Not publish, circulate or otherwise use any materials or documents other than materials provided by or otherwise approved by the
Company.

 

9.
COVENANTS OF THE COMPANY. The Company covenants, represents and warrants to Consultant as follows:

 

(a)
Authorization. The Company and its signatories herein have full power and authority to enter into this Agreement and to
carry out the transactions contemplated hereby.

 

(b)
No Violation. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated
hereby will violate any provision of the charter or by-laws of the Company or violate any terms of provision of any other material
agreement to which the Company is a party or any applicable statute or law.

 

(c)
Contracts in Full Force and Effect. All contracts, agreements, plans, policies and licenses to which the Company is a party
are valid and in full force and effect.

 

    	3

     

    

 

(d)
Consents. No consent of any person, other than the signatories hereto, is necessary to the consummation of the transactions
contemplated hereby, including, without limitation, consents from parties to loans, contracts, lease or other agreements and consents
from governmental agencies, whether federal, state, or local.

 

(e)
Consultant Reliance. Consultant has and will rely upon the documents, instruments and written information furnished to
Consultant by the Company’s officers or designated employees.

 

(f)
Company’s Material. All representations and statements provided herein about the Company are true and complete and
accurate. The Company agrees to indemnify, hold harmless, and defend Consultant, its officers, directors, agents and employees,
at the Company’s expense for any proceeding or suit which may rise out of any inaccuracy or incompleteness of any such material
or written information supplied to Consultant.

 

10.
MISCELLANEOUS PROVISIONS

 

(a)
Amendment and Modification. This Agreement may be amended, modified and supplemented only by written agreement of the Company
and Consultant.

 

(b)
Waiver of Compliance. Any failure of Consultant, on the one hand, or the Company, on the other, to comply with any obligation,
agreement, or condition herein may be expressly waived in writing, but such waiver or failure to insist upon strict compliance
with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent
or other failure.

 

(c)
Expenses, Transfer Taxes, Etc. Other than as expressly set forth in this Agreement, the Parties shall bear their own costs
and expenses in carrying out the provisions of this Agreement.

 

(d)
Compliance with Regulatory Agencies. Each Party agrees that all actions, direct or indirect, taken by it and its respective
agents, employees and affiliates in connection with this Agreement and any financing or underwriting hereunder shall conform to
all applicable Federal and State securities laws.

 

(e)
Notices. Any notices to be given hereunder by any Party to the other may be effected either by personal delivery in writing,
by a reputable, national overnight delivery service, by facsimile transmission or by mail, registered or certified, postage prepaid
with return receipt requested. Notices shall be addressed to the “Contact Person” at the addresses appearing on the
signature page of this Agreement, but any Party may change his address or “Contact Person” by written notice in accordance
with this subsection. Notices delivered personally shall be deemed delivered as of actual receipt, notices sent by facsimile shall
be deemed delivered one (1) day after electronic confirmation of receipt, notices sent by overnight delivery service shall be
deemed delivered one (1) day after delivery to the service, mailed notices shall be deemed delivered as of five (5) days after
mailing.

 

(f)
Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
hereto and their respective successors and permitted assigns.

 

(g)
Delegation. Neither Party shall delegate the performance of its duties under this Agreement without the prior written consent
of the other Party.

 

    	4

     

    

 

(h)
Publicity. Neither Consultant nor the Company shall make or issue or cause to be made or issued, any announcement or written
statement concerning this Agreement or the transactions contemplated hereby for dissemination to the general public without the
prior consent of the other Party. This provision shall not apply, however, to any announcement or written statement required to
be made by law or the regulations of any Federal or State governmental agency, except that the Party required to disclose shall
consult with and make reasonable efforts to accommodate changes to the required disclosure and the timing of such announcement
suggested by the other Party.

 

(i)
Arbitration and Governing Law. If a dispute arises out of or relates to this contract, or the breach thereof, and if the
dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by mediation
administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to arbitration,
litigation, or some other dispute resolution procedure. If they do not reach such solution within a period of 60 days, then, upon
notice by either party to the other, all disputes, claims, questions, or differences shall be finally settled by arbitration administered
by the American Arbitration Association in accordance with the provisions of its Commercial Arbitration Rules. This Agreement
and the legal relations among the Parties hereto shall be governed by and construed in accordance with the laws of the State of
Florida, without regard to its conflict of law doctrine. The Parties agree that the venue for the resolution of all disputes arising
under the terms of this Agreement and the transactions contemplated herein will be the County of Pinellas, State of Florida.

 

(j)
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

(k)
Headings. The heading of the sections of this Agreement are inserted for convenience only and shall not constitute a part
hereto or affect in any way the meaning or interpretation of this Agreement.

 

(l)
Entire Agreement. This Agreement including any Exhibits hereto, and the other documents and certificates delivered pursuant
to the terms hereto, set forth the entire agreement and understanding of the Parties hereto in respect of the subject matter contained
herein, and supersedes all prior agreements, promise, covenants, arrangements, communications, representations or warranties,
whether oral or written, by any officers employee or representative of any Party hereto.

 

(m)
Third Parties. Except as specifically set forth or referred to herein, nothing herein express or implied is intended or
shall be construed to confer upon or give to any person or entity other than the Parties hereto and their successors or assigns,
any rights or remedies under or by reason of this Agreement.

 

(n)
Attorneys’ Fees and Costs. If any action is necessary to enforce and collect upon the terms of this Agreement, the
prevailing Party shall be entitled to reasonable attorneys’ fees and costs, in addition to any other relief to which that
Party may be entitled. This provision shall be construed as applicable to the entire Agreement.

 

(o)
Survivability. If any part of this Agreement is found or deemed by a court of competent jurisdiction to be invalid or unenforceable,
that part shall be severable from the remainder of the Agreement.

 

(p)
Further Assurances. Each of the Parties agrees that it shall from time-to-time take such actions and execute such additional
instruments as may be reasonably necessary or convenient to implement and carry out the intent and purposes of this Agreement.

 

    	5

     

    

 

(q)
Relationship of the Parties. Nothing contained in this Agreement shall be deemed to constitute either Party becoming the
partner of the other, the agent or legal representative of the other, nor create any fiduciary relationship between them, except
as otherwise expressly provided herein. It is not the intention of the Parties to create nor shall this Agreement be construed
to create any commercial relationship or other partnership. Neither Party shall have any authority to act for or to assume any
obligation or responsibility on behalf of the other Party, except as otherwise expressly provided herein. The rights, duties,
obligations and liabilities of the Parties shall be separate, not joint or collective. Each Party shall be responsible only for
its obligations as herein set out and shall be liable only for its share of the costs and expenses as provided herein.

 

(r)
No Authority to Obligate the Company. Without the consent of the Board of Directors of the Company, Consultant shall have
no authority to take, nor shall it take, any action committing or obligating the Company in any manner, and it shall not represent
itself to others as having such authority.

 

11.
Non-Circumvention. In and for valuable consideration, the Company hereby agrees that Consultant may introduce (whether by
written, oral, data, or other form of communication) the Company to one or more opportunities, including, without limitation,
existing or potential investors, lenders, borrowers, trusts, natural persons, corporations, limited liability companies, partnerships,
unincorporated businesses, sole proprietorships and similar entities (an “Opportunity” or “Opportunities”).
The Company further acknowledges and agrees that the identity of the subject Opportunities, and all other information concerning
an Opportunity (including without limitation, all mailing information, phone and fax numbers, email addresses and other contact
information) introduced hereunder are the property of Consultant, and shall be treated as confidential information by the Company,
it affiliates, officers, directors, shareholders, employees, agents, representatives, successors and assigns. The Company shall
not use such information, except in the context of any arrangement with Consultant in which Consultant is directly and actively
involved, and never without Consultant’s prior written approval. The Company further agrees that neither it nor its employees,
affiliates or assigns, shall enter into, or otherwise arrange (either for it/him/herself, or any other person or entity) any business
relationship, contact any person regarding such Opportunity, either directly or indirectly, or any of its affiliates, or accept
any compensation or advantage in relation to such Opportunity except as directly though Consultant, without the prior written
approval of Consultant. Consultant is relying on the Company’s assent to these terms and their intent to be bound by the
terms by evidence of their signature. Without the Company’s signed assent to these terms, Consultant would not introduce
any Opportunity or disclose any confidential information to the Company as herein described.

 

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IN
WITNESS, WHEREOF, the Parties hereto have caused this Agreement to be duly executed, all as of the day and year first above written.

 

	COMPANY:	CONSULTANT:
	 	 
	MJ
    HOLDINGS, INC.	SYLIOS
CORP
	1300
    South Jones Blvd, Suite 104	501
    First Ave N, Suite 901
	Las
    Vegas, NV 89146	St.
    Petersburg, FL 33701

 

	By:	 	By:
	 	 	 
	Paris
    Balaouras	 	Jimmy
    Wayne Anderson
	Its:
    Chief Executive Officer	 	Its:
    President
	Date:
    August 25, 2020 	 	Dated:
    August 25, 2020

 

    	7Exhibit
10.12

 

MJ
Holdings, Inc

Board
of Directors Services Agreement

 

This
Board of Directors Services Agreement (the “Agreement”), dated September __, 2020, and effective October 1, 2020 is
entered into between MJ Holdings, Inc, a Nevada corporation (“the Company), and Paris Balaouras, an individual with
a principal place of residence in Las Vegas, NV (“Director”).

 

WHEREAS,
the Company desires to retain the services of Director for the benefit of the Company and its stockholders; and

 

WHEREAS,
Director desires to serve on the Company’s Board of Directors for the period of time and subject to the terms and conditions
set forth herein;

 

NOW,
THEREFORE, for consideration and as set forth herein, the parties hereto agree as follows:

 

1.
Board Duties. Director agrees to provide services to the Company as a member of the Board of Directors. Director shall,
for so long as he remains a member of the Board of Directors, but in any case, not less than one year from the date hereof, meet
with the Company upon written request, at dates and times mutually agreeable to Director and the Company, to discuss any matter
involving the Company or its Subsidiaries, which involves or may involve issues of which Director has knowledge and cooperate
in the review, defense or prosecution of such matters. Director acknowledges and agrees that the Company may rely upon Director’s
expertise in product development, marketing or other business disciplines where Director has a deep understanding with respect
to the Company’s business operations and that such requests may require substantial additional time and efforts in addition
to Director’s customary service as a member of the Board of Directors. Director will notify the Company promptly if he is
subpoenaed or otherwise served with legal process in any matter involving the Company or its subsidiaries. Director will notify
the Company if any attorney who is not representing the Company contacts or attempts to contact Director (other than Director’s
own legal counsel) to obtain information that in any way relates to the Company or its Subsidiaries, and Director will not discuss
any of these matters with any such attorney without first so notifying the Company and providing the Company with an opportunity
to have its attorney present during any meeting or conversation with any such attorney.

 

2.
Compensation. As compensation for the services provided herein, the Company shall pay to Director an amount equal to Fifteen
Thousand and no/100 dollars ($15,000.00), paid to the Director in four (4) equal installments on the last calendar day of each
quarter as long as Director continues to fulfill his duties and provide the services set forth above. In addition to cash compensation,
the Director shall be issued a certificate in the amount of Fifteen Thousand (15,000) shares of the Company’s common stock
on the last calendar day of each quarter as long as Director continues to fulfill his duties and provide the services set forth
above. The Director shall begin receiving compensation for services rendered under this Agreement beginning during the third (3rd)
calendar quarter of 2020.

 

3.
Benefits and Expenses. The Company shall reimburse Director for reasonable out-of-pocket expenses incurred in connection
with discharging his duties as a Board member. Any additional expenses shall be pre-approved by the President or CFO of the Company
and will be reimbursed subject to receiving reasonable substantiating documentation relating to such expenses.

 

4.
Mutual Non-Disparagement. Director and the Company mutually agree to forbear from making, causing to be made, publishing,
ratifying or endorsing any and all disparaging remarks, derogatory statements or comments made to any party with respect to either
of them. Further, the parties hereto agree to forbear from making any public or non-confidential statement with respect to the
any claim or complain against either party without the mutual consent of each of them, to be given in advance of any such statement.

 

5.
Anti-Dilution. The Company agrees to not issue equity capital for consideration less than fair market value, or otherwise
issue equity capital that would have the effect of diluting Director’s ownership position in the Company in a manner that
is not implemented pro-rata with respect all stockholders. Issuance of stock options or other equity grants to employees or consultants,
shares issued in connection with acquisitions approved by the Board of Directors, and shares issued for consideration at fair
market value shall not be considered dilutive.

 

    	 

     

    

 

6.
Cooperation. In the event of any claim or litigation against the Company and/or Director based upon any alleged conduct,
acts or omissions of Director during the tenure of Director as an officer of the Company, whether known or unknown, threatened
or not as of the time of this writing, the Company will cooperate with Director and provide to Director such information and documents
as are necessary and reasonably requested by Director or his counsel, subject to restrictions imposed by federal or state securities
laws or court order or injunction. The Company shall cooperate in all respects to ensure that Director has access all available
insurance coverage and shall do nothing to damage Director’s status as an insured and shall provide all necessary information
for Director to make or tender any claim under applicable coverage.

 

7.
Board of Directors Status of Director. Director’s membership on the Company’s Board of Directors shall not
be disturbed for at least the greater of any period of time: (a) specified in any other agreement or contract defining Director’s
role as a member of the Board of Directors, (b) a period of one year from the date hereof, or (c) so long as Director owns, directly
or indirectly, at least 10% of the issued or outstanding equity stock in the Company. Membership on the Board shall require adherence
to board member conduct policies adopted by the board and enforced equally upon all directors.

 

Director
may voluntarily resign his position on the Board of Directors at any time and without penalty or liability of any kind.

 

8.
Confidentiality. Subject to exceptions mutually agreed upon by the parties to this Agreement in advance and in writing,
the terms and conditions of this Agreement shall remain confidential and protected from disclosure except as required by law in
connection with any registration or filing, in relation to a lawful subpoena, or as may be necessary for purposes of disclosure
to accountants, financial advisors or other experts, who shall be made aware of and agree to be bound by the confidentiality provisions
hereof.

 

9.
Governing Law. This Agreement shall be governed by the law of the State of Nevada. In the event of any dispute regarding
the performance or terms hereof, the prevailing party in any litigation shall be entitled to an award of reasonable attorneys’
fees and costs of suit, together with any other relief awarded hereunder or in accordance with governing law.

 

In
witness whereof, the parties hereto enter into this Agreement as of the date first set forth above.

 

	THE
    COMPANY:	 	DIRECTOR:
	 	 	 	 
	 	/s/
    Paris Balaouras	 	/s/
    Paris Balaouras
	Name:	Paris
    Balaouras	 	Paris
    Balaouras
	Title:	Chairman
    of the Board

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