Document:

Exhibit 10.1

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”), dated as of ___, 2022, is made by and between ADAMAS ONE CORP.,
a Nevada corporation (the “Company”), and the undersigned who is either a director, an officer, a director and officer,
or a key employee of the Company (the “Indemnitee”) with this Agreement to be deemed effective as of the date that
the Indemnitee first became director, officer, or key employee of the Company.

 

RECITALS

 

A.       The
Company is aware that competent and experienced persons are reluctant to serve as directors or officers of corporations unless they are
protected by comprehensive liability insurance and indemnification, due to the exposure to litigation costs and risks resulting from
their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship to the compensation
of such directors and officers;

 

B.       The
Board of Directors of the Company (the “Board”) has concluded that, to retain and attract talented and experienced
individuals to serve as officers and directors of the Company, it is necessary for the Company contractually to indemnify officers and
directors and to assume for itself maximum liability for expenses and damages in connection with claims against such officers and directors
in connection with their service to the Company;

 

C.       Section
78.7502 of the Nevada Revised Statutes (the “NRS”), under which the Company is organized (“Section 78.7502”),
empowers the Company to indemnify by agreement its present and former officers, directors, employees, and agents and persons who serve,
at the request of the Company, as directors, officers, employees, or agents of other corporations, partnerships, joint ventures, trusts,
or other enterprises and expressly provides that the indemnification provided by Section 78.7502 is not exclusive; and

 

D.       The
Company desires and has requested the Indemnitee to serve or continue to serve as a director or officer of the Company free from undue
concern for claims for damages arising out of or related to such services to the Company.

 

NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.            Definitions.

 

1.1       Agent. 
For the purposes of this Agreement, “agent” of the Company means any person who is or was a director or officer
of the Company or a subsidiary of the Company; or is or was serving at the request of the Company or a subsidiary of the Company as a
director, officer, employee, or agent of another foreign or domestic corporation, partnership, joint venture, trust, or other enterprise
or an affiliate of the Company. The term “enterprise” includes any employee benefit plan of the Company, its subsidiaries,
affiliates, and predecessor corporations. 

     

     

    

1.2       Company.
For purposes of this Agreement, the “Company” includes, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger that, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, and employees or agents so that any person who is or was a director,
officer, employee, or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a
director, officer, employee, or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the
same position under this Agreement with respect to the resulting or surviving corporation as such person would have with respect to such
constituent corporation if its separate existence had continued.

 

1.3       Expenses.
For the purposes of this Agreement, “expenses” includes all direct and indirect costs of any type or nature whatsoever
(including, without limitation, all attorneys’ fees and related disbursements and other out-of-pocket costs) actually and reasonably
incurred by the Indemnitee in connection with the investigation, defense, or appeal of a proceeding or establishing or enforcing a right
to indemnification or advancement of expenses under this Agreement, Section 78.7502 or otherwise; provided, however, that
expenses shall not include any judgments, fines, ERISA excise taxes or penalties or amounts paid in settlement of a proceeding.

 

1.4       Fines.
For purposes of this Agreement, references to “fines” includes any excise taxes assessed on a person with respect
to any employee benefit plan.

 

1.5       Liabilities.
For purposes of this Agreement, “liabilities” means judgments, fines, ERISA execute taxes or penalties, and amounts
paid in settlement in connection with a proceeding.

 

1.6       Other
Enterprises. For purposes of this Agreement, “other enterprises” includes employee benefit plans.

 

1.7       Proceeding.
For the purposes of this Agreement, “proceeding” means any threatened, pending, or completed action, suit, or other
proceeding, whether civil, criminal, administrative, or investigative.

 

1.8       Subsidiary.
For purposes of this Agreement, “subsidiary” means any corporation of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company, by the Company and one or more of its subsidiaries, or by one or more of the
Company’s subsidiaries.

 

1.9       Serving
at the Request of the Company. For purposes of this Agreement, “serving at the request of the Company” includes
any service as a director, officer, employee, or agent of the Company that imposes duties on, or involves services by, such director,
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 such person reasonably believed to be in the interest 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.

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2.            Agreement
to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at the will of the Company (or under
separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the Company, faithfully
and to the best of his ability, so long as he is duly appointed or elected and qualified in accordance with the applicable provisions
of the charter documents of the Company or any subsidiary of the Company; provided, however, that the Indemnitee may at
any time and for any reason resign from such position (subject to any contractual obligation that the Indemnitee may have assumed apart
from this Agreement), and the Company and any subsidiary shall have no obligation under this Agreement to continue the Indemnitee in
any such position.

 

3.            Directors’
and Officers’ Insurance. The Company shall, to the extent that the Board determines it to be economically reasonable, maintain
a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on such terms and conditions
as may be approved by the Board.

 

4.            Mandatory
Indemnification. Subject to Section 9 below, the Company shall indemnify the Indemnitee:

 

4.1       Third-Party
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding (except an action
by or in the right of the Company) by reason of the fact that the Indemnitee is or was the agent of the Company, or by reason of anything
done or not done by the Indemnitee in any such capacity, against any and all expenses and liabilities of any type whatsoever incurred
by the Indemnitee in connection with such proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably
believed to be in, or not opposed to, the best interests of the Company and, with respect to any criminal action or proceeding, had no
reasonable cause to believe the Indemnitee’s conduct was unlawful, unless either the Indemnitee’s act or failure to act constituted
a breach of the Indemnitee’s fiduciary duties as a director or officer or the Indemnitee’s breach of those duties involved
intentional misconduct, fraud, or a knowing violation of law; and

 

4.2       Derivative
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by or in the right
of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was an agent of the Company, or by
reason of anything done or not done by the Indemnitee in any such capacity, against any and all expenses and liabilities incurred by
the Indemnitee in connection with such proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed
to be in, or not opposed to, the best interests of the Company, unless either the Indemnitee’s act or failure to act constituted
a breach of the Indemnitee’s fiduciary duties as a director or officer or the Indemnitee’s breach of those duties involved
intentional misconduct, fraud, or a knowing violation of law; except that no indemnification under this subsection shall be made
in respect of any claim, issue, or matter as to which the Indemnitee shall have been adjudged by a court of competent jurisdiction, after
the exhaustion of all appeals therefrom, to be liable to the Company or for amounts paid in settlement to the Company, unless and only
to the extent that the court in which such proceeding was brought or another court of competent jurisdiction determines upon application
that, in view of all the circumstances of the case, the Indemnitee is fairly and reasonable entitled to indemnity for such expenses as
the court deems proper; and

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4.3       Exception
for Amounts Covered by Insurance. Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee for
expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties and
amounts paid in settlement) to the extent such have been paid to the Indemnitee by D&O Insurance.

 

5.            Partial
Indemnification and Contribution.

 

5.1       Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or
a portion of any expenses or liabilities of any type whatsoever incurred by the Indemnitee in connection with a proceeding but is not
entitled, however, to indemnification for all of the total amount thereof, then the Company shall nevertheless indemnify the Indemnitee
for such total amount except as to the portion thereof to which the Indemnitee is not entitled to indemnification.

 

5.2       Contribution.
If the Indemnitee is not entitled to the indemnification provided in Section 4 for any reason other than the statutory limitations set
forth in the NRS, then in respect of proceeding in which the Company is jointly liable with the Indemnitee (or would be if joined in
such proceeding), the Company shall contribute to the amount of expenses and liabilities paid or payable by the Indemnitee in such proportion
as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and the Indemnitee on the other hand from
the transaction from which such proceeding arose and (ii) the relative fault of the Company on the one hand and of the Indemnitee on
the other hand in connection with the events that resulted in such expenses, as well as any other relevant equitable considerations.
The relative fault of the Company on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among
other things, the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent the circumstances
resulting in such expenses, judgments, fines, or settlement amounts. The Company agrees that it would not be just and equitable if contribution
pursuant to this Section 5 were determined by pro rata allocation or any other method of allocation which does not take account of the
foregoing equitable considerations.

 

6.            Mandatory
Advancement of Expenses.

 

6.1       Advancement.
Subject to Section 9 below, the Company shall advance all expenses incurred by the Indemnitee in connection with any proceeding to which
the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company
or by reason of anything done or not done by the Indemnitee in any such capacity. The Indemnitee hereby undertakes to promptly repay
such amounts advanced only if, and to the extent that, it shall ultimately by determined that the Indemnitee is not entitled to be indemnified
by the Company under the provisions of this Agreement, the Articles of Incorporation or Bylaws of the Company, the NRS, or otherwise.
The advances to be made hereunder shall be paid by the Company to the Indemnitee within thirty (30) days following delivery of a written
request therefor by the Indemnitee to the Company.

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6.2       Exception.
Notwithstanding the foregoing provisions of this Section 6, the Company shall not be obligated to advance any expenses to the Indemnitee
arising from a lawsuit filed directly by the Company against the Indemnitee if an absolute majority of the members of the Board reasonably
determines in good faith, within thirty (30) days of the Indemnitee’s request to be advanced expenses, that the facts known to
them at the time such determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad faith. If such a determination
is made, the Indemnitee may have such decision reviewed in the manner set forth in Section 8.5 hereof, with all references therein to
“indemnification” being deemed to refer to “advancement of expenses,” and the burden of proof shall be on the
Company to demonstrate clearly and convincingly that, based on the facts known at the time, the Indemnitee acted in bad faith. The Company
may not avail itself of this Section 6.2 as to a given lawsuit if, at any time after the occurrence of the activities or omissions that
are the primary focus of the lawsuit, the Company has undergone a change in control. For this purpose, a change in control shall mean
a given person of group of affiliated persons or groups increasing their beneficial ownership interest in the Company by at least twenty
(20) percentage points without advance Board approval.

 

7.            Notice
and Other Indemnification Procedures.

 

7.1       Notification.
Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee
shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify
the Company of the commencement or threat of commencement thereof.

 

7.2       Insurance.
If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7.1 hereof, the Company has D&O
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 thereafter 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 D&O
Insurance policies.

 

7.3       Defense.
In the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee, the Company, if appropriate,
shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee (which approval shall not be unreasonably
withheld), upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such notice, approval of
such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under
this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding, provided that
(a) the Indemnitee shall have the right to employ the Indemnitee’s own counsel in any such proceeding at the Indemnitee’s
expense; (b) the Indemnitee shall have the right to employ the Indemnitee’s own counsel in connection with any such proceeding,
at the expense of the Company, if such counsel serves in a review, observer, advice, and counseling capacity and does not otherwise materially
control or participate in the defense of such proceeding; and (c) if (i) the employment of counsel by the Indemnitee has been previously
authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there may be conflict of interest between the Company
and the Indemnitee in the conduct of any such defense, or (iii) the Company shall not, in fact, have employed counsel to assume the defense
of such proceeding, then the fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company.

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8.            Determination
of Right to Indemnification.

 

8.1       Success
on Merits. To the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in
Section 4.1 or 4.2 of this Agreement or in the defense of any claim, issue, or matter described therein, the Company shall indemnify
the Indemnitee against expenses actually and reasonably incurred by the Indemnitee in connection with the investigation, defense, or
appeal of such proceeding, or such claim, issue, or matter, as the case may be.

 

8.2       Proof
by Company. In the event that Section 8.1 is inapplicable, or does not apply to the entire proceeding, the Company shall nonetheless
indemnify the Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in Section 8.3 below that
the Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such indemnification.

 

8.3       Termination
of Proceeding. The termination of any proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere its
equivalent, does not, of itself, create a presumption that a person (a) did not act in good faith and in a manner the person reasonably
believed to be in or not opposed to the best interests of the Company, (b) with respect to any criminal action or proceeding, that the
person had reasonable cause to believe that the person’s conduct was unlawful, or (c) the person’s act or failure to act
constituted a breach of the person’s fiduciary duties as a director or officer or the person’s breach of those duties involved
intentional misconduct, fraud, or a knowing violation of law.

 

8.4       Applicable
Forums. The Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim under Section 8.2
hereof that the Indemnitee is not entitled to indemnification will be heard from among the following, except that the Indemnitee
can select a forum consisting of the stockholders of the Company only with the approval of the Company and, if the Indemnitee is a director
or officer at the time of such determination, the determination shall be made in accordance with (a), (b), (c) or (d) below at the election
of the Company:

 

(a)       A
majority vote of the directors who are not parties to the proceeding for which indemnification is being sought even though less than
a quorum;

 

(b)       By
a committee of directors who are not parties to the proceeding for which indemnification is being sought designated by a majority vote
of such directors, even though less than a quorum;

 

(c)       If
there are no directors who are not parties to the proceeding for which indemnification is sought, or if such directors so direct, by
independent legal counsel in a written opinion;

 

(d)       The
stockholders of the Company;

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(e)       A
panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last of whom
is selected by the first two arbitrators so selected; or

 

(f)       A
court having jurisdiction of subject matter and the parties.

 

8.5       Submission.
As soon as practicable, and in no event later than thirty (30) days after the forum has been selected pursuant to Section 8.4 above,
the Company shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not entitled to indemnification,
and the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.

 

8.6       Appeals.
If the forum selected in accordance with Section 8.4 hereof is not a court, then after the final decision of such forum is rendered,
the Company or the Indemnitee shall have the right to apply to a court of Nevada, the court in which the proceeding giving rise to the
Indemnitee’s claim for indemnification is or was pending, or any other court of competent jurisdiction, for the purpose of appealing
the decision of such forum, provided that such right is executed within sixty (60) days after the final decision of such forum
is rendered. If the forum selected in accordance with Section 8.4 hereof is a court, then the rights of the Company or the Indemnitee
to appeal any decision of such court shall be governed by the applicable laws and rules governing appeals of the decision of such court.

 

8.7       Expenses
for Interpretation. Notwithstanding any other provision in this Agreement to the contrary, the Company shall indemnify the Indemnitee
against all expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee
and against all expenses incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving
the interpretation or enforcement of the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds
that each of the material claims and/or defenses of the Indemnitee in any such proceeding was frivolous or not made in good faith.

 

9.            Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement
in the following circumstances:

 

9.1       Claims
Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings specifically authorized by the Board
or brought to establish or enforce a right to indemnification and/or advancement of expenses arising under this Agreement, the charter
documents of the Company or any subsidiary or any statute or law or otherwise, but such indemnification or advancement of expenses may
be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

9.2       Unauthorized
Settlements. To indemnify the Indemnitee hereunder for any amounts paid in settlement of a proceeding unless the Company consents
in advance in writing to such settlement, which consent shall not be unreasonably withheld; or

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9.3       Securities
Law Actions. To indemnify the Indemnitee on account of any suit in which judgment is rendered against the Indemnitee for an accounting
of profits made from the purchase or sale by the Indemnitee of securities of the company pursuant to the provisions of Section 16(b)
of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state, or local statutory law; or

 

9.4       Unlawful
Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the mater shall determine that
such indemnification is not lawful. In this respect, the Company and the Indemnitee have been advised that the U.S. Securities and Exchange
Commission takes the position that indemnification for liabilities arising under the federal securities laws is against public policy
and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication.

 

10.            Non-Exclusivity.
The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any other
rights that the Indemnitee may have under any provision of law, the Company’s Articles of Incorporation or Bylaws, the vote of
the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to action in the Indemnitee’s
official capacity and to action in another capacity while occupying the Indemnitee’s position as an agent of the Company, and the
Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and shall inure
to the benefit of the heirs, executors, and administrators of the Indemnitee.

 

11.            General
Provisions.

 

11.1       Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification
and advancement of expenses to the Indemnitee to the fullest extent now or hereafter permitted by law, except as expressly limited herein.

 

11.2       Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal, or unenforceable for any reason whatsoever, then:(a)
the validity, legality, and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions
of any paragraphs of this Agreement containing any such provision held to be invalid, illegal, or unenforceable that are not themselves
invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision
held to be invalid, illegal, or unenforceable, that are not themselves invalid, illegal, or unenforceable) shall be construed so as to
give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to Section 11.1 hereof.

 

11.3       Modification
and Waiver. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar), nor shall such waiver constitute a continuing waiver.

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11.4       Subrogation.
In the event of full payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be necessary or desirable to secure
such rights and to enable the Company effectively to bring suit to enforce such rights.

 

11.5       Counterparts.
This Agreement may be executed in one or more counterparts, which shall together constitute one agreement.

 

11.6       Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns of the parties
hereto. The indemnification and advancement of expenses provided by, or granted pursuant to, this section shall, unless otherwise provided
when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the
benefit of the heirs, executors and administrators of such a person.

 

11.7       Notice.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed duly given; (a)
if delivered by hand and receipted for by the party addressee; or (b) if mailed by certified or registered mail, with postage prepaid,
on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page of this Agreement
or as subsequently modified by written notice.

 

11.8       Governing
Law. This Agreement shall be governed exclusively by and construed according to the laws of the state of Nevada, as applied to contracts
between Nevada residents entered into and to be performed entirely within Nevada.

 

11.9       Consent
to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the state of
Nevada for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement.

 

11.10       Attorneys’
Fees. In the event Indemnitee is required to bring any action to enforce rights under this Agreement (including, without limitation,
the expenses of any proceeding described in Section 3), the Indemnitee shall be entitled to all reasonable fees and expenses in bringing
and pursuing such action, unless a court of competent jurisdiction finds each of the material claims of the Indemnitee in any such action
was frivolous and not made in good faith. 

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IN
WITNESS WHEREOF, the parties hereto have entered into this Indemnification Agreement effective as of the date first written above.

 

ADAMAS
ONE CORP., a Nevada corporation

	 	 	 	 
	By:	 	 	 
	Name: 	 	 	[Print
    Name of Indemnitee]
	Title:	 	 	 
	 	 	 	 
	 	 	 	[Signature
    of Indemnitee]

   

[Signature
Page of Indemnification Agreement]Exhibit 10.2

 

AMENDMENT
NO. 1

TO
THE

EXECUTIVE
EMPLOYMENT AGREEMENT

FOR

JOHN
GRDINA

 

This
Amendment No. 1 Executive Employment Agreement for John Grdina ("Agreement") is effective as of the original date of
September 01, 2019 (the “Effective Date”) between Adamas One Corp., a Nevada corporation ("Company"),
and John Grdina ("Executive"). This Agreement supersedes all earlier agreements. The Company and Executive are sometimes
referred to herein individually as a “Party” and collectively as the “Parties.

 

WITNESSETH:

 

WHEREAS,
the Company desires that Executive be retained by the Company, and render services to the Company, and Executive is willing to be so
employed and to render such services to the Company, all upon the terms and subject to the conditions contained herein in consideration
for, among other things, the Company’s agreement to provide Executive with Confidential Information pursuant to the terms of this
Agreement, and Executive’s receipt of Confidential Information pursuant to a relationship of trust and confidence and under conditions
of confidentiality and non-use and non-disclosure.

 

AGREEMENT:

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.       EMPLOYMENT.
Subject to and upon the terms and conditions contained in this Agreement, the Company hereby agrees to employ Executive and Executive
agrees to be employed by the Company, for the period set forth in paragraph 2 hereof, to render to the Company, its affiliates and/or
subsidiaries the services described in paragraph 3 hereof.

 

2.       TERM.
Executive’s employment under this Agreement shall commence as of the Effective Date hereof and shall continue for a period of
Five (5) years and shall automatically be renewed in one (1) year increments unless earlier terminated within the sole discretion
and unanimous vote of the Board of Directors of the Company (the “Employment Term”).

 

		3.	DUTIES.

 

(a)       Executive
shall serve as the Chief Executive Officer (“CEO”) of the Company, reporting directly to the Board of Directors of
the Company (the “Board”). Executive shall be responsible for the management and running of the day-to-day operations
of the Company and shall focus his time and energy in the business development, sales, and marketing for the Company (the “Services”).
Executive agrees to devote Executive’s primary business time, attention, skills, and best efforts to the performance of the Services.

 

(b)       Executive
shall perform all duties and services incident to the positions held by him. The Company retains the right, by unanimous decision of
the Board, to change Executive's title and duties, as may be determined to be in the best interests of the Company; provided, however,
that any such change in Executive's duties shall be consistent with Executive's training, experience, and qualifications.

 

(c)       Executive
agrees to abide by all bylaws and policies of the Company, promulgated from time to time by the Company, as well as all state and federal
laws, statutes and regulations.

     

     

    

4.       BEST
EFFORTS. Executive agrees to devote his best efforts and attention, as well as his energies and skill, to the performance of
the Services and the discharge of the duties and responsibilities attributable to his position.

 

5.       COMPENSATION.
The Company will pay Executive the following compensation for his services under this Agreement:

 

(a)       Base
Salary. For the duration of the Employment Term and as compensation for his services and covenants hereunder, the Company shall
pay to Executive consideration (the “Base Salary”) as follows:

 

	For
    all pay periods ending

    on or before December 31,	 	Annual
    Base Salary
	2019	 	300,000
	2020	 	250,000
	2021	 	250,000
	2022	 	275,000
	2023	 	285,000
	2024	 	295,000

 

(b)       Equity
Compensation. For the duration of the Employment Term and as compensation for his services and covenants hereunder, the Executive
shall be entitled to restricted shares of the common stock of the Company (the “Equity Compensation”), as of the first
day of each calendar year, as follows:

 

	For
    all pay periods ending

    on or before December 31,	 	Annual
    Equity Compensation
	2019	 	450,000
    Restricted Common Stock Shares
	2020	 	500,000
    Restricted Common Stock Shares
	2021	 	575,000
    Restricted Common Stock Shares
	2022	 	700,000
    Restricted Common Stock Shares
	2023	 	850,000
    Restricted Common Stock Shares
	2024	 	1,200,000
    Restricted Common Stock Shares

 

 

(c)       Issuance
of Shares. Upon receipt of written notice from Executive, the Company shall issue to Executive the Equity Compensation to which
the Executive is entitled to in accordance with the schedule above.

 

(d)       Accrual
of Shares. In the event Executive does not request in writing that the Equity Compensation be issued during the period in which
it is earned, the un-issued shares shall accrue and the Executive may request the shares to be issued at any time.

 

		(e)	Performance
                                            Bonus. Executive shall be paid a bonus upon the satisfaction of the following conditions:

 

		i.	Gross
                                            Sales Greater than $1 Million USD. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $1,000,000 USD, then Executive shall receive a cash bonus
                                            in the amount of $50,000 USD.

 

		ii.	Gross
                                            Sales Greater than $2 Million. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $2,000,000 USD, then Executive shall receive a cash bonus
                                            in the amount of $100,000 USD.

     

     

    

		iii.	Gross
                                            Sales Greater than $4 Million. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $4,000,000 USD, then Executive shall receive a cash bonus
                                            in the amount of $200,000 USD.

 

		iv.	Gross
                                            Sales Greater than $6 Million. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $6,000,000 USD, then Executive shall receive a cash bonus
                                            in the amount of $250,000 USD.

 

		v.	Gross
                                            Sales Greater than $10 Million. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $10,000,000 USD, then Executive shall receive a cash bonus
                                            in the amount of $500,000 USD.

 

		vi.	Gross
                                            Sales Greater than $20 Million. If the Gross Sales of the Company for any fiscal year
                                            of this Agreement is greater than $20,000,000 USD, then Executive shall receive a cash bonus
                                            equal to 2% of the Net Sales of the Company for that fiscal year.

 

(f)       Incentive
Plan. Executive shall also be eligible to participate in the Company’s annual incentive plan for executives, if applicable.
The criteria for determining the amount of the bonus, and the conditions that must be satisfied to entitle Executive to receive the bonus
for any year during the term of this Agreement shall be determined, in their sole discretion, by the Company’s Board of Directors
or its Compensation Committee.

 

(g)       Interest
on Unpaid Compensation. In the event that any compensation due to Executive has not been paid in accordance with the terms of
this Agreement, the Company shall pay to Executive that certain amount of compensation that is due and payable plus any accrued interest
at a rate of 10% per annum.

 

(h)       Acceleration.
In the event that all or at least 50% of the stock or assets of the Company are sold, all compensation owed to Executive under this
Agreement shall become immediately due and payable and Executive shall be paid a bonus equal to 200% his Base Salary and issued 1,000,000
shares of the restricted common stock of the Company.

 

		6.	EXPENSES.

 

(a)       Reimbursement.
Executive shall be reimbursed for all business expenses incurred by him in connection with the performance of the Services under this
Agreement. The reimbursement of any such expense that is includible in gross income for federal income tax purposes shall be paid no
later than the end of the calendar month following the calendar month in which the expense was incurred. In addition, Executive will
be paid an allowance for automobile expenses of $1,500 per month, $200 for a mobile phone, housing allowance for Greenville’s headquarters,
Executive’s health insurance and fuel allowance with no requirement to report or account for such expenses.

 

(b)       Travel.
Where Executive is required to travel for Company, Company shall pay costs of such travel as follows:

 

		i.	Air
                                            Transportation: First class air (when available) for Executive and one coach companion.

 

		ii.	Hotel:
                                            Choice of accommodations as selected by the Executive in his sole discretion.

 

		iii.	Per
                                            Diem: $250 for Executive for days at destination and travel days.

 

		iv.	Ground
                                            Transportation: Exclusive sedan or van with driver to/from Executive’s home, airport,
                                            hotel and all destination sites.

     

     

    

		7.	EXECUTIVE
                                            BENEFITS.

 

(a)       Benefits.
During the Employment Term, Executive shall be entitled to participate in such group term insurance, disability insurance, health and
medical insurance benefits, life insurance and retirement plans or programs as are from time to time generally made available to executive
employees of the Company pursuant to the policies of the Company; provided that Executive shall be required to comply with the conditions
attendant to coverage by such plans and shall comply with and be entitled to benefits only to the extent former employees are eligible
to participate in such arrangements pursuant to the terms of the arrangement, any insurance policy associated therewith and applicable
law, and, further, shall be entitled to benefits only in accordance with the terms and conditions of such plans. The Company may withhold
from any benefits payable to Executive all federal, state, local and other taxes and amounts as shall be permitted or required to be
withheld pursuant to any applicable law, rule or regulation.

 

(b)       Vacation.
Executive shall be entitled to 5 weeks paid vacation in accordance with the Company’s policies, as may be established from
time to time by the Company for its executive staff, which shall be taken at such time or times as shall be mutually agreed upon by the
Parties. Vacation time shall accrue if unused during the fiscal year.

 

		(c)	Finished
                                            Stones. In addition, Executive shall receive monthly approximately

 

Seven
(7) carats of finished stones of Executive’s choosing.

 

		8.	DEATH
                                            AND DISABILITY.

 

(a)       Death.
The Employment Term shall terminate on the date of Executive’s death, in which event the Company shall, within 30 days of the date
of death, pay to his estate, Executive’s Base Salary, any unpaid bonus awards (including any bonus award for a plan year that has
ended prior to the time employment terminated where the award was scheduled to be paid after the date employment terminated), reimbursable
expenses and benefits owing to Executive through the date of Executive’s death together with any benefits payable under any life
insurance program in which Executive is a participant.

 

(b)       Disability.
The Employment Term shall terminate upon Executive’s Disability. For purposes of this Agreement, “Disability”
shall mean that Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12
months. For purposes of determining Executive’s Disability, the CEO may rely on a determination by the Social Security
Administration that Executive is totally disabled or a determination by the Company’s disability insurance carrier that
Executive has satisfied the above definition of Disability. In case of such termination, Executive shall be entitled to receive his
Base Salary, any unpaid bonus awards (including any bonus award for a plan year that has ended prior to the time employment
terminated where the award was scheduled to be paid after the date employment terminated), reimbursable expenses and benefits owing
to Executive through the date of termination within 30 days of the date of the Company’s determination of Executive’s
Disability, together with any benefits payable under any disability insurance program in which Executive is a participant. Except as
otherwise contemplated by this Agreement, Executive will not be entitled to any other compensation upon termination of his
employment pursuant to this subparagraph 8(b).

     

     

    

		9.	TERMINATION
                                            OF EMPLOYMENT.

 

(a)       Termination
With Cause By Company. The Company may terminate this Agreement at any time during the Employment Period for
“Cause” upon written notice to Executive, upon which termination shall be effective immediately. For purposes of this
Agreement, “Cause” means the following:

 

		i.	Conviction
                                            of felony theft or embezzlement from the Company; or

 

(b)       Termination
Without Cause By Company. The Company may not terminate this Agreement at any time during the Employment Period without
“Cause” upon 30 days written notice to Executive.

 

(c)       Termination
By Executive. Executive may terminate this Agreement at any time by providing the Company 30 days’ written notice, with
or without “Good Reason.”

 

(d)       Compensation
upon Termination. In the event that the Company terminates the Executive’s employment hereunder due to a Termination “for
cause,” the Executive shall be entitled to any Base Salary, unpaid bonus, reimbursable expenses and benefits owing to Executive
through the day on which Executive is terminated plus 90 days. Except as otherwise contemplated by this Agreement, Executive will not
be entitled to any other compensation upon termination “for cause” of this Agreement. If Executive is terminated “without
cause” or if this Agreement is terminated by Executive, Executive is entitled any Base Salary, unpaid bonus, reimbursable expenses
and benefits owing to Executive through the day on which Executive is terminated plus 90 days, Full Compensation (as herein defined)
plus a severance payment comprising of 200% of his annual Base Salary for the year of termination and 1,000,000 shares of the common
stock of the Company. “Full Compensation” shall mean all total executive compensation accruable under this Agreement,
which shall include payment of all accruable Base Salary, Equity Compensation and Performance Bonuses that is payable to Executive under
this Agreement as if earned in full.

 

10.       DISCLOSURE
OF TRADE SECRETS AND OTHER PROPRIETARY INFORMATION.

 

(a)       Executive
acknowledges that he is prohibited from disclosing any confidential information about the Company, including but not limited trade secrets,
formulas, and financial information, to any party who is not a director, officer or authorized agent of the Company or its subsidiaries
and affiliates. The Company will provide Executive with valuable confidential information belonging to the Company or its subsidiaries
or its affiliates above and beyond any confidential information previously received by Executive and will associate Executive with the
goodwill of the Company or its subsidiaries or its affiliates above and beyond any prior association of Executive with that goodwill.
In return, Executive promises never to disclose or misuse such confidential information and never to misuse such goodwill.

 

(b)       Executive
will not, during the Employment Term, directly or indirectly, as an Executive, employer, agent, manager or engage in or participate in
any other business that is directly competitive with the Company’s business without written consent from the Board of Directors.

 

(c)       Executive
will not, during the Employment Term and for a period of 2 months thereafter, directly or indirectly, work in the United States as an
employee, employer, consultant, agent, manager, officer, or in any other individual or representative capacity for any person or entity
who is competitive with the business of the Company.

 

(d)       Executive
will not, during the Employment Term and for a period of 2 months thereafter, on his behalf or on behalf of any other business enterprise,
directly or indirectly, under any circumstance other than at the direction and for the benefit of the Company, (i) solicit for employment
or hire any person employed by the Company or any of its subsidiaries, or (ii) call on, solicit, or take away any person or entity who
was a customer of the Company or any of its subsidiaries or affiliates during Executive’s employment with the Company, in either
case for a business that is competitive with the business of the Company.

 

(g)       If
Executive breaches any provision of Section 10 of this Agreement, the Company shall provide Notice to Executive, in accordance with Section
13, herein, and shall provide Executive with 60 days to cure (the “Cure Period”) any breach before proceeding with any and
all remedies available at law or in equity.

     

     

    

(f)       It
is expressly agreed by Executive that the nature and scope of each of the provisions set forth above are reasonable and necessary. If,
for any reason, any aspect of the above provisions as it applies to Executive is determined by a court of competent jurisdiction to be
unreasonable or unenforceable under applicable law, the provisions shall be modified to the extent required to make the provisions enforceable.
Executive acknowledges and agrees that his services are of unique character and expressly grants to the Company or any subsidiary or
affiliate of the Company or any successor of any of them, the right to enforce the above provisions through the use of all remedies available
at law or in equity, including, but not limited to, injunctive relief.

 

		11.	COMPANY
                                            PROPERTY.

 

(a)       Any
patents, inventions, discoveries, applications, processes, models or financial statements designed, devised, planned, applied, created,
discovered or invented by Executive during the Employment Term, regardless of when reduced to writing or practice, which pertain to any
aspect of the Company’s or its subsidiaries’ or affiliates’ business as described above shall be the sole and absolute
property of the Company, and Executive shall promptly report the same to the Company and promptly execute any and all documents that
may from time to time reasonably be requested by the Company to assure the Company the full and complete ownership thereof.

 

(b)       All
records, files, lists, including computer generated lists, drawings, documents, equipment and similar items relating to the Company’s
business which Executive shall prepare or receive from the Company shall remain the Company’s sole and exclusive property. Upon
termination of this Agreement, Executive shall promptly return to the Company all property of the Company in his possession. Executive
further represents that he will not copy or cause to be copied, print out or cause to be printed out any software, documents or other
materials originating with or belonging to the Company. Executive additionally represents that, upon termination of his employment with
the Company, he will not retain in his possession any such software, documents or other materials.

 

12.       CONSENT
TO JURISDICTION AND VENUE. The Executive hereby consents and agrees that federal and state courts located in Maricopa County,
Arizona shall have personal jurisdiction and proper venue with respect to any dispute between the Executive and the Company. In any dispute
with the Company, the Executive will not raise, and hereby expressly waives, any objection or defense to any such jurisdiction as an
inconvenient forum.

 

13.       NOTICE.
Except as otherwise expressly provided, any notice, request, demand or other communication permitted or required to be given under
this Agreement shall be in writing, shall be deemed conclusively to have been given: (a) on the first business day following the day
timely deposited with Federal Express (or other equivalent national overnight courier) or United States Express Mail, with the cost of
delivery prepaid or for the account of the sender; (b) on the fifth business day following the day duly sent by certified or registered
United States mail, postage prepaid and return receipt requested; or (c) when otherwise actually received by the addressee on a business
day (or on the next business day if received after the close of normal business hours or on any non-business day).

 

14.       INTERPRETATION;
HEADINGS. The parties acknowledge and agree that the terms and provisions of this Agreement have been negotiated, shall be construed
fairly as to all parties hereto, and shall not be construed in favor of or against any party. The paragraph headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

 

15.       SUCCESSORS
AND ASSIGNS; ASSIGNMENT; INTENDED BENEFICIARIES. Executive’s rights, powers, duties or obligations hereunder may be assigned
by Executive in Executive’s sole discretion. This Agreement shall be binding upon and inure to the benefit of Executive and his
heirs and legal representatives and the Company and its successors. Successors of the Company shall include, without limitation, any
corporation or corporations acquiring, directly or indirectly, all or substantially all of the assets of the Company, whether by merger,
consolidation, purchase, lease or otherwise, and such successor shall thereafter be deemed “the Company” for the purpose
hereof.

     

     

    

16.       NO
WAIVER BY ACTION. Any waiver or consent from the Company respecting any term or provision of this Agreement or any other aspect
of the Executive’s conduct or employment shall be effective only in the specific instance and for the specific purpose for which
given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver or consent. The failure or delay of
the Company at any time or times to require performance of, or to exercise any of its powers, rights or remedies with respect to, any
term or provision of this Agreement or any other aspect of the Executive’s conduct or employment in no manner (except as otherwise
expressly provided herein) shall affect the Company’s right at a later time to enforce any such term or provision.

 

17.       COUNTERPARTS;
GOVERNING LAW; AMENDMENTS; ENTIRE AGREEMENT; SURVIVAL OF TERMS. This Agreement may be executed in two counterpart copies, each
of which may be executed by one of the parties hereto, but all of which, when taken together, shall constitute a single agreement binding
upon all of the parties hereto. This Agreement and all other aspects of the Executive’s employment shall be governed by and construed
in accordance with the applicable laws pertaining in the State of Arizona (other than those that would defer to the substantive laws
of another jurisdiction). Each and every modification and amendment of this Agreement shall be in writing and signed by the parties hereto,
and any waiver of, or consent to any departure from, any term or provision of this Agreement shall be in writing and signed by each affected
party hereto.

 

18.       ENTIRE
AGREEMENT. The entire understanding and agreement between the Parties has been incorporated into this Agreement, and this Agreement
supersedes all other agreements and understandings between Executive and the Company and Dolce with respect to the relationship of Executive
with the Company or its affiliates or subsidiaries.

 

[Signature
page follows.]

     

     

    

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date set forth above.

 

	(“COMPANY”)	 	(“EXECUTIVE”)
	ADAMAS
    ONE CORP.	 	 
	 	 	 
	By:	/s/
    John G. Grdina	 	/s/
    John G. Grdina
	Name:
    John G. Grdina	 	By:
    John G. Grdina
	Its:
    Chairman & CEO

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