Document:

Exhibit 10.24 

 

	CONSULTING
    AGREEMENT

 

This
Consulting Agreement (the “Agreement”), effective as of August 11, 2017, is entered into by and between, Arkados Group,
Inc., a Delaware corporation, with its principal address at 211 Warren Street, #320, Newark, NJ 07103 (herein referred to as the
“Company”) and LP Funding, LLC DBA LPF Communications, a Nevada limited liability company with principal address at
224 Bahama Ln, Palm Beach, FL 33480(herein referred to as the “Consultant”). As used in this Agreement, the term “Parties”
shall refer to the Company and Consultant jointly.

 

WHEREAS:

 

	A.	The
                                         Company seeks to engage the services of Consultant to assist the Company in its efforts
                                         to gain greater recognition and awareness among investors in the public capital markets.

 

	B.	Consultant
                                         will seek to assist the Company in its efforts to better develop investor recognition
                                         and awareness in the public capital markets.

 

	C.	The
                                         Company is familiar with Consultant and Consultant’s skills and expertise.

 

	D.	The
                                         Parties acknowledge and agree that Consultant has completed a preliminary review of the
                                         Company and the challenges facing the Company and the Company and Consultant have had
                                         discussions regarding these and other matters relating to the Company’s objectives.

 

NOW
THEREFORE THE PARTIES AGREE AS FOLLOWS:

 

		1)	Commencement
                                         and Term of Consulting Services from Consultant.

 

The
Company hereby agrees to retain the Consultant to act in a consulting capacity to the Company, and Consultant hereby agrees to
provide certain consulting services to the Company as described in Section 2 of this Agreement for a period of six (6) months
from the date at which a copy of this Agreement is executed and delivered to Consultant with the Fees (defined in Section 4 of
this Agreement) (the “Term”), unless terminated earlier in accordance with the terms of this Agreement.

 

		2)	Duties
                                         of Consultant.

 

Consultant
agrees that it shall provide the following specified consulting services:

		●	Assist
                                         the Company in packaging its investment story, by analyzing strengths and weaknesses,
                                         as well as providing general strategy for its corporate communications.

		●	Review
                                         the Company’s marketing materials and provide comments in order to make them effective
                                         for distribution to existing and potential investors.

		●	At
                                         the Company’s request, review business plans, corporate strategies and proposed financing
                                         transactions for the purpose of advising the Company of the public relations implications
                                         thereof; and

		●	Assist
                                         the Company in the development and execution of a strategy to achieve a Nasdaq listing.

 

    	 

     

    

 

		3)	Allocation
                                         of Time and Energies.

 

The
Consultant hereby agrees to use its best efforts to diligently perform and discharge faithfully the responsibilities which may
be assigned to the Consultant from time to time by the officers and duly authorized representatives of the Company in connection
with the conduct of the Company’s financial, public relations and communications activities, subject to compliance with applicable
state and federal securities laws and regulations, all in accordance with the prevailing standards of the investor relations industry.

 

The
services to be provided by Consultant shall not be measured by the number of hours devoted by Consultant’s staff on a per day
basis and Consultant and the Company agree that Consultant shall perform the duties set forth in Section 2 of this Agreement in
a diligent and professional manner. The Parties acknowledge and agree that a disproportionately large amount of the effort to
be expended and the costs to be incurred by the Consultant and the benefits to be received by the Company are expected to occur
within or shortly after the first three (3) months from the commencement of the Term of this Agreement. It is expressly understood
that Consultant’s performance of its duties hereunder will in no way be measured by the price of the Company’s common stock, nor
the trading volume of the Company’s common stock.

 

The
Parties acknowledge and agree that the services to be performed under this Agreement are to be performed by Consultant and not
by any individual staff member of Consultant. At all times hereunder, the death, disability, or incapacity of any member of Consultant’s
staff shall not be deemed a breach of this Agreement.

 

Compensation
to Consultant for Consulting Services. In consideration for the consulting services rendered to the Company as described in Section
2 of this Agreement, the Company hereby agrees to pay Consultant the following consulting fees (the “Fees”):

 

Common
Stock Fee. A service fee equal to two hundred thousand (200,000) shares of the Company’s restricted common stock issued at
the time of the execution of this agreement.

 

The
stock certificate(s) should be in the name “LP Funding, LLC” and issued within 14 working days of agreement.
Each Certificate shall bear a restricted securities legend in accordance with the Securities Act of 1933. These Fees shall be
for all purposes non-refundable in every respect. These shares are fully earned at the time of execution of this agreement.

 

The
Company agrees to deliver a true and accurate photocopy of the Board of Directors’ resolution duly adopted by the Company’s Board
of Directors authorizing the issuance of the Shares in accordance with this Agreement.

 

The
Company agrees to deliver a true and accurate photocopy of the Board of Directors’ resolution(s) duly adopted by the Company’s
Board of Directors authorizing and approving this Agreement.

 

The
Company agrees to deliver the Certificate(s) to Consultant (or any person designated by Consultant) at Consultant’s address first
shown on the first page of this Agreement via overnight express mail, postage prepaid, or via similar prepaid overnight express
delivery at no cost to Consultant.

 

		4)	If
                                         requested at the time that the Fee is or will be paid, Consultant agrees to execute an
                                         investment questionnaire and an investment agreement as is customary for the issuance
                                         of the Shares in transactions similar to the transactions contemplated by this Agreement
                                         and the said investment agreement shall not be held or interpreted so as to contradict
                                         or contravene this Agreement or the obligations recited herein in any way.

 

    	 

     

    

 

		5)	Termination.

 

Notwithstanding
any other provision of this Agreement, the Company may terminate this Agreement and its obligations hereunder at any time upon
written notice to Consultant delivered to the address set forth in the first paragraph of this Agreement without further liability
except as expressly set forth in this Agreement.

 

		6)	Representations
                                         of Each of the Parties.

 

The
Company represents that: (1) it has the requisite authority and power to enter into this Agreement; (2) this Agreement and the
obligations recited hereunder have been approved by the respective board of directors or managers of the Parties.

 

		7)	Additional
                                         Representations of the Company.

 

In
addition, the Company represents that Company, and not Consultant, is responsible to perform any and all due diligence on such
lender, equity purchaser or acquisition candidate introduced to it by Consultant under this Agreement, prior to Company receiving
funds or closing on any acquisition. However, Consultant shall undertake its best efforts to avoid the introduction of any third
party which is known to Consultant to have had a prior reputation or history of questionable, unethical, or illicit activities.

 

		8)	Assignment
                                         of Agreement & Assignment of Rights and Obligations.

 

Consultant’s
services under this contract are offered to Company only and may not be assigned by the Company to any other person or entity
with which Company merges or which acquires the Company or substantially all of its assets. In the event of said merger or acquisition,
except as otherwise set forth in this Agreement, all compensation to Consultant herein under the schedules set forth herein shall
remain due and payable, and any compensation received by the Consultant may be retained in the entirety by Consultant, all without
any reduction or pro---rating and shall be considered and remain fully paid and non---assessable. Company shall assure
that in the event of any merger, acquisition, or similar change of form of entity that its successor entity shall agree to complete
all obligations to Consultant, including the provision and transfer of all compensation herein, and the preservation of the value
thereof consistent with the rights granted to Consultant by the Company herein, and to Shareholders.

 

		9)	Obligation
                                         for Expenses.

 

Consultant
agrees to pay for all of its routine business expenses, such as phone, mailing, labor, etc. In the event of the need for expenditures
on extraordinary items, such as travel required by/or specifically requested by the Company, luncheons or dinners to large groups
of investment professionals, print advertisements in publications, etc., the Consultant will discuss those with the Company and
gain its prior written approval to incur those expenses on behalf of the Company, and have it billed directly to the Company.

 

		10)	Indemnification
                                         of Consultant and Consultant’s Employees and Agents by the Company.

 

The
Company hereby agrees to indemnify and hold Consultant and Consultant’s employees and agents (the “Indemnified Parties”)
harmless against (i) any and all liabilities, obligations, losses, damages, claims, actions, asserted against any one or
more of the Indemnified Parties, based upon, resulting from or arising out of any misstatement or omission of material fact contained
in one or more of the statements, representations, press releases, announcements, reports, or filings made or prepared by the
Company or its agents, except to the extent that the misstatement or the omission was a result of an act of Consultant, and (ii)
any cost or expense (including reasonable attorneys’ fees and court costs) incurred by the Indemnified Parties or any of them
in connection with the foregoing (including, without limitation, any cost or expense incurred by the Indemnified Parties in enforcing
their rights pursuant to this Section 9). No demand or claim for indemnification under this Section 9 may be made after 11:59
p.m., East Coast Standard Time (EST), on the date six (6) years following the last date at which services were rendered to the
Company under this Agreement or any extension thereof.

 

    	 

     

    

 

		11)	Obligation
                                         for Compliance with Securities Laws.

 

The
Parties agree that the Company shall assume and remain at all times responsible for all information, statements, and documents
released or provided to Consultant and for compliance with Regulation FD or any other provisions of the Securities Exchange Act
of 1934 (the “1934 Act Obligations”).

 

		12)	Further
                                         Assurances.

 

Each
of the Parties shall hereafter execute all documents and do all acts reasonably necessary to effect the provisions of this Agreement.

 

		13)	Successors.

 

The
provisions of this Agreement shall be deemed to obligate, extend to and inure to the benefit of the successors, assigns, transferees,
grantees, and indemnities of each of the Parties to this Agreement.

 

		14)	Independent
                                         Counsel.

 

Each
of the Parties to this Agreement acknowledges and agrees that it has been represented by independent counsel of its own choice
throughout all negotiations which preceded the execution of this Agreement and the transactions referred to in this Agreement,
and each has executed this Agreement with the consent and upon the advice of said independent counsel. Each party represents that
he or it fully understands the provisions of this Agreement, has consulted with counsel concerning its terms and executes this
Agreement of his or its own free choice without reference to any representations, promises or expectations not set forth herein.

 

		15)	Integration.

 

This
Agreement, after full execution, acknowledgment and delivery, memorializes and constitutes the entire agreement and understanding
between the parties and supersedes and replaces all prior negotiations and agreements of the parties, whether written or unwritten.
Each of the Parties to this Agreement acknowledges that no other party, nor any agent or attorney of any other party has made
any promises, representations, or warranty whatsoever, express or implied, which is not expressly contained in this Agreement;
and each party further acknowledges that he or it has not executed this Agreement in reliance upon any belief as to any fact not
expressly recited hereinabove.

 

		16)	Attorneys
                                         Fees.

 

In
the event of a dispute between the parties concerning the enforcement or interpretation of this Agreement, the prevailing party
in such dispute, whether by legal proceedings or otherwise, shall be reimbursed immediately for the reasonably incurred attorneys’
fees and other costs and expenses by the other Parties to the dispute.

 

		17)	Captions
                                         & Exhibits.

 

The
captions by which the sections and subsections of this Agreement are identified are for convenience only, and shall have no effect
whatsoever upon its interpretation.

 

    	 

     

    

 

		18)	Severance.

 

If
any provision of this Agreement is held to be illegal or invalid by a court of competent jurisdiction, such provision shall be
deemed to be severed and deleted; and neither such provision, nor its severance and deletion, shall affect the validity of the
remaining provisions.

 

		19)	Expenses
                                         Associated With This Agreement.

 

Each
of the Parties agrees to bear its own costs, attorney’s fees and related expenses associated with this Agreement.

 

		20)	Arbitration.

 

Any
dispute or claim arising to or in any way related to this Agreement shall be settled by arbitration in the State of New York.
All arbitration shall be conducted in accordance with the rules and regulations of the American Arbitration Association (“AAA”).
AAA shall designate an arbitrator from an approved list of arbitrators following both parties’ review and deletion of those arbitrators
on the approved list having a conflict of interest with either party. Each of the Parties shall pay its own expenses associated
with such arbitration. A demand for arbitration shall be made within a reasonable time after the claim, dispute or other matter
has arisen and in no event shall such demand be made after the date when institution of legal or equitable proceedings based on
such claim, dispute or other matter in question would be barred by the applicable statutes of limitations. The decision of the
arbitrators shall be rendered within 60 days of submission of any claim or dispute, shall be in writing and mailed to all the
Parties included in the arbitration. The decision of the arbitrator shall be binding upon the Parties and judgment in accordance
with that decision may be entered in any court having jurisdiction thereof.

 

		21)	Power
                                         to Bind.

 

A
responsible officer of the Company has read and understands the contents of this Agreement and is empowered and duly authorized
on behalf of the Company to execute it.

 

		22)	Confidentiality.

 

The
Parties agree that the terms of this Agreement shall be kept strictly confidential (a) except to the extent necessary to protect
the rights of the Parties or to satisfy the Company’s obligations under the Securities Exchange Act of 1934 and the rules adopted
by the Securities and Exchange Commission thereunder and (b) unless the terms of this Agreement have been disclosed by the other
Party or have otherwise become part of the public domain.

 

    	 

     

    

 

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

 

	Arkados
    Group, Inc.	 	LPF Communications
	 	 	 	 
	By:	/s/ Terrence
    DeFranco	 	By:	/s/
    William
    Luckman
	 	 	 	William
    Luckman, Director
	Name
    (print):	Terrence
    DeFranco	 	 	 
	 	 	 	 	
	Title:	 	Chief
    Executive Officer	 	 	 
	 	 	 	 	 
	211
    Warren Street #320	 	 	 
	Newark,
    NJ 07103	 	 	 

 

    	 

     

    

 

Accredited
Investor Representations

 

The
undersigned Consultant hereby represents and warrants to Arkados, Inc. (the “Company”) as follows:

 

1.1.
       Consultant understands that the Shares (as defined in the Consulting Agreement, dated
February 23, 2016, to which this Schedule is annexed) have not been, and will not be, registered under the Securities Act, by
reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things,
the bona fide nature of the investment intent and the accuracy of the Consultant’s representations as expressed herein.
The Consultant understands that the Shares are “restricted securities” under applicable U.S. federal and state securities
laws and that, pursuant to these laws, the Consultant must hold them indefinitely unless they are registered with the Securities
and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements
is available. The Consultant acknowledges that the Company has no obligation to register or qualify Shares for further transfer.
The Consultant further acknowledges that if an exemption from registration or qualification is available for further transfer,
it may be conditioned on various requirements, including, but not limited to, the time and manner of sale, the holding period
for the the Shares and requirements relating to the Company which are outside of the Consultant’s control, and which the
Company is under no obligation, and may not be able, to satisfy.

 

1.2.
       No Public Market. The Consultant understands that no public market now exists
for the Shares, and that the Company has made no assurances that a public market will ever exist for the Shares.

 

1.3.
      Legends. The Consultant understands that the Shares may bear the following legend:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR
INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH TRANSFER MAY BE EFFECTED WITHOUT
AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”

 

1.4.
      Accredited Investor. The Consultant is an accredited investor as defined in Rule 501(a)
of Regulation D promulgated under the Securities Act. The Consultant is a sophisticated investor with substantial experience in
evaluating and investing in private offerings of securities in companies similar to the Company, so that the Consultant is capable
of evaluating the merits and risks of the investment in the Shares and in the Company, and has the capacity to protect the Consultant’s
own interests. The Consultant has adequate means of providing for the Consultant’s current financial needs and contingencies,
is able to bear the substantial economic risks of an investment in the Shares for an indefinite period of time, has no need for
liquidity in such investment and, at the present time, could afford a complete loss of such investment. The Consultant has not
relied on the Company, or any manager, officer, employee, agent, representative or professional advisor of the Company, for any
legal, tax or financial advice, and the Consultant has, to the extent the Consultant has deemed it to be advisable, consulted
with the Consultant’s own professional legal, financial and/or tax advisors in connection with the Consultant’s receipt
of the Shares.

 

    	 

     

    

 

1.5.
      No General Solicitation. Neither the Consultant, nor (if an entity) any of its officers,
directors, managers, employees, agents, stockholders, members or partners has either directly or indirectly (a) responded to any
general solicitation or (b) responded to any advertisement in connection with the offer and sale of the Shares.

 

IN
WITNESS WHEREOF, the undersigned has executed these Accredited Investor Representations as of the date set forth below.

 

	 	 	LP
    FUNDING, LLC
	 	 	 
	 	 	/s/
    William Luckman 
	 	 	(signature)
	 	 	 
	 	 	Print
    Name: William Luckman, Director
	 	 	 
	 	 	Date:
    August 11, 2016Exhibit 10.26

 

Bill of Sale and Assignment and Assumption
Agreement

 

This Bill of Sale and
Assignment and Assumption Agreement (the “Agreement”), effective as of May 1, 2017 (the “Effective
Date”), is by and between Arkados Group, Inc., a Delaware corporation (“Assignor”) and Arkados Energy
Solutions, LLC, a wholly-owned subsidiary of Assignor (“Assignee”).

 

Whereas,
Assignor entered into an Asset Purchase Agreement with SolBright Renewable Energy, LLC (“SolBright”), a
South Carolina limited liability company on May 1, 2017 (the “Purchase Agreement”) pursuant to which
Assignor purchased the Assets and assumed the Assumed Liabilities. All capitalized terms used in this Agreement but not otherwise
defined herein are given the meanings set forth in the Purchase Agreement;

 

Whereas,
Assignor intends to operate the business acquired from Solbright by its purchase of the Assets and its assumption of the Assumed
Liabilities through Assignee, and, therefore, desires to sell, assign and transfer all of its rights, title and interests in the
Assets and all of its obligations in the Assumed Liabilities to Assignee.

 

Now,
Therefore, in consideration of the mutual covenants, terms and conditions set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.             Assignment
and Assumption. Assignor hereby sells, assigns, transfers, grants, delivers and conveys to Assignee (i) all of Assignor’s
rights, title, and interest in and to the Assets, free and clear of all liens and encumbrances except for (A) the first priority
security interest granted to AIP Asset management Inc. (the “Secured Party”) in the “Pledged Collateral”
as that term is defined in that certain Security Agreement entered into by the parties thereto on April 24, 2017 in connection
with and as a condition to the execution of that certain Note Purchase Agreement by and between the Assignor and the Secured Party
dated April 20, 2017, and (B) the second priority lien on the accounts receivable of the Assignee and the Assignor, as the case
may be, relating to the solar engineering, procurement and construction business of SolBright transferred to the Assignee by way
of this Agreement, and (ii) all of its obligations under the Assumed Liabilities. Assignee hereby accepts such assignment of, and
all right, title and interest in, the Assets and assumes the Assumed Liabilities as of the date hereof.

 

2.         Governing
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without
giving effect to any choice or conflict of law provision or rule.

 

3.         Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed
to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other means of electronic transmission
shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

     

     

    

 

4.         Further
Assurances. Each of the parties hereto shall execute and deliver, at the reasonable request of the other party hereto,
such additional documents, instruments, conveyances, and assurances and take such further actions as such other party may reasonably
request to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.

 

[signature
page follows]

 

    2 

     

    

 

In witness whereof,
the parties have executed this Assignment and Assumption Agreement to be effective as of the date first above written.

 

	Assignor:	 
	 	 
	Arkados Group, Inc.	 

 

	By: 	      /s/Terrence DeFrnco	 

	Name:  Terrence DeFranco	 
	Title:    Chief Executive Officer	 

 

	Assignee:	 
	 	 
	Arkados Energy Solutions,
LLC	 

 

	By: 	      /s/Terrence DeFranco	 

	Name:  Terrence DeFranco	 
	Title:    Manager	 

 

    3

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