Document:

Exhibit
10.19

 

BUSINESS
DEVELOPMENT AND CONSULTING AGREEMENT

 

This
Contract of Engagement dated and effective as of August 01, 2020, by and between Spartan Investments, LLC, (hereinafter referred
to as The Consultant) and Adamas One Corp. (hereinafter referred to as The Client). Collectively,
each of the foregoing are referred to hereinafter as the “Parties” and individually as a “Party”.

 

RECITALS

 

A.        The
Client desires to obtain business development and consulting services from The Consultant as more particularly described herein
(“Scope of Services and Manner of Performance”).

 

B.        The
Consultant is in the business of providing such consulting services and has agreed to provide the services on the terms and conditions
set forth in this agreement.

 

Now,
therefore, in consideration of the faithful performance of the obligations set forth herein and other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, The Consultant and The Client hereby agree as follows.

 

TERMS

 

1.         Scope
of Services. The Consultant will perform business development and general consulting services on a non-exclusive basis for
and on behalf of The Client in relation to business development, developing and creating operational documents, and will consult
with and advise, as necessary and requested, The Client on matters pertaining to its general business operations.

 

2.         Manner
of Performance. It is intended that The Consultant will act as a business development consultant on behalf of The Client.
Additionally, The Consultant shall be available for advice and counsel to the officers and directors of The Client at such
reasonable and convenient times and places as may be mutually agreed upon. Except as aforesaid, the time, place and manner of performance
of the services hereunder, including the amount of time allocated by The Client, shall be determined at the sole discretion of
The Consultant.

 

3.         Status
of The Consultant.

 

i.       The
Consultant shall act as an independent contractor and not as an agent or employee of The Client and The Consultant
shall make no representation as an agent or employee of The Client. The Consultant shall be responsible for all taxes as
an independent contractor. The Consultant shall have no authority to bind The Client or incur other obligations on behalf
of The Client. Likewise, The Client shall have no authority to bind The Consultant or incur obligations on behalf
of The Consultant.

 

ii.       The
Client hereby explicitly acknowledges and agrees that The Consultant is NOT A PRACTICING ATTORNEY
in any jurisdiction and accordingly no legal advice will be rendered to The Client pursuant to this Agreement. It is further
acknowledged that that The Consultant will not have ANY PARTICIPATION WHATSOEVER with the marketing or sale
of any class of The Client’s stock.

 

4.         Disclosure
of Material Events. The Client agrees to promptly disclose to The Consultant in a timely manner those events/discoveries
which are known and/or anticipated that may reasonably be expected to have an impact on the business operations, future business, or
public perception of The Client, as this has a material impact on the ability and effectiveness of The Consultant and service
rendered.

 

5.         Confidentiality
Agreement. In the event The Client discloses information to The Consultant that The Client considers to be secret,
proprietary or non-public (collectively “Confidential Information”) and so notifies The Consultant, The Consultant
agrees to hold such Confidential Information in confidence. Confidential Information shall be used by The Consultant only
in connection with the services rendered by it under this Agreement and shall not be disseminated without The Client’s written
approval, which shall be within The Client’s sole discretion. Confidential Information shall not be deemed to include information
which a) is in or becomes in the public domain without violation of this Agreement by The Client, or b) is rightfully received
from a third entity having no obligation to The Client to keep such information confidential and without violation of this Agreement.
In reciprocal, The Client agrees to hold confidential all trade secrets of and proprietary methods employed by The Consultant
in fulfillment of the services it renders pursuant to this Agreement that are designated as trade secrets or proprietary methods
by The Consultant in writing to The Client.

     

     

    

6.         Indemnification.
The Client agrees to indemnify and hold harmless The Consultant against any losses, claims, damages, liabilities and/or
expenses (including any legal or other expenses reasonably incurred in investigating or defending any action or claim in respect thereof)
to which The Consultant is willing and capable of providing services on a “Best Efforts” basis. Payment by the Client
ta the Consultant is irrevocable and irreversible.

 

7.         Conflict
of Interest. The Consultant shall be free to perform services for other persons not engaged in the businesses in which The
Client is engaged. The Consultant will notify The Client prior to performing consulting services for any other client
that could conflict with The Consultant’s obligations under this Agreement.

 

8.         Term.
Refer to Schedule A.

 

9.         Payment
of Services. Refer to Schedule B.

 

10.       Severability.
In the event any part of this agreement shall be held to be invalid by any competent court or arbitration panel, this agreement shall
be interpreted as if only that part is invalid and that the parties to this agreement will continue to execute the rest of this agreement
to the best of their abilities unless both parties mutually consent to the dissolution of this agreement.

 

11.       Representations
and Warranties. Each party hereby represents, warrants and covenants to the other that it is an entity validly existing pursuant
to the laws of the state in which it is organized and hos the full power and authority to carry out the terms of this Agreement. The
person signing this Agreement is duly authorized to so execute the some and this Agreement will be valid and binding on such party in
accordance with its terms. The execution, delivery and performance of this Agreement will not violate any other agreement or instrument
to which such party is a party.

 

12.       Governing
Law. This Agreement shall be interpreted accordance with laws of the State of California.

 

13.       Entire
Agreement. This Agreement and attached schedules constitute the entire contract of the parties with respect to the matters addressed
herein and no modifications of this Agreement shall be enforceable unless in writing signed by both The Consultant and The
Client. This agreement is not assignable by either party without the consent of the other.

 

IN
WITNESS WHEREOF, The Consultant and The Client have caused this Agreement to be executed on the above-mentioned date.

 

THE
CONSULTANT

 

	/s/
    Lucy Z, LLC	 
	Lucy
    Z, LLC	 

 

THE
CLIENT

Company Name: ADAMAS ONE CORP.

 

	/s/
    John G. Grdina	 
	By:	John
    G. Grdina	 
	Its:	Chief
    Executive Officer
	Date:	August
    01, 2020

     

     

    

Schedule
A

 

TERM
OF COMMITMENT

 

This
Agreement shall be for a term of three (3) years unless earlier terminated as provided herein. The Consultant shall receive additional
fees on a pre-approved basis in writing by The Client for any additional services not covered in this Agreement including travel
and administrative expenses not covered by this Agreement. The Consultant will work with The Client on a non-exclusive
basis.

 

The
Consultant shall commence providing the following services when it receives the payment as outlined in Schedule B.

     

     

    

Schedule
B

 

PAYMENT
FOR SERVICES

 

		1.	The
                                            first year will be $6,000.00 monthly payable in two payments on the 1st and 15th of each
                                            month. Years 2 and 3 will be $10,000.00 per month payable on the 1st and 15th of each month.
                                            A signing bonus of 508,000 shares of common stock of the Company.Exhibit
10.20

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (the “Agreement”) is entered into as of this 3rd day of June, 2021 (the “Effective
Date”), by and between Alchemy Advisory LLC, a Limited Liability Company organized under the laws of Puerto Rico (the “Consultant”)
and located at _______________________________ and Adamas One Corp., a Nevada corporation (the “Company”) and
having its principal place of business at 411 University Ridge, Suite 110, Greenville, South Carolina 29601. The Company and Consultant
are collectively referred to herein as the “Parties”.

 

WHEREAS,
the Company is a manufacturer and marketer of lab grown diamonds.

 

WHEREAS, Consultant is operating as a financial and business consultant;

 

WHEREAS,
the Company desires to retain Consultant, and Consultant desires to be retained by the Company;

 

NOW,
THEREFORE, in consideration of the premises and promises, warranties and representations herein contained, it is agreed as follows:

 

1.    DUTIES.
(a) The Company hereby engages the Consultant and the Consultant hereby accepts engagement as a strategy business consultant. It is
understood and agreed, and it is the express intention of the parties to this Agreement, that the Consultant is an independent
contractor, and not an employee or agent of the Company for any purpose whatsoever. Consultant shall perform all duties and
obligations as described in this Section and agrees to be available at such times as may be scheduled by the Company. It is
understood, however, that the Consultant will maintain Consultant’s own business in addition to providing services to the
Company. The Consultant agrees to promptly perform all services required of the Consultant hereunder in an efficient, professional,
trustworthy and businesslike manner. In such capacity, Consultant will utilize only materials, reports, financial information or
other documentation that is approved in writing in advance by the Company.

 

(b)  Description
of Consulting Services. The Consultant agrees, to the extent reasonably required in the conduct of its business with the Company,
to place at the disposal of the Company its judgment and experience and to provide financial and business advice to the Company including,
but not limited, to (a) building and maintaining a financial model for the Company, (b) help drafting marketing materials and presentations,
(c) reviewing the Company’s business requirements and discuss financing and businesses opportunities, (d) look for potential investors
and ways of growing the business, (e) anything else the Company may reasonably require from the Consultant.

 

2.    TERM.
The Term of this contract is for 6 months, at which point the contract can be extended for another 6 months with the consent of both
parties in writing.

 

3.    COMPENSATION.
For services rendered hereunder, the Company shall pay to the Consultant a sum of One Hundred and Five Thousand Dollars and No Cents
($105,000.00), of which Fifty Thousand Dollars ($50,000.00) is to be paid immediately with the signing of this Agreement and the
remaining Fifty Five Thousand Dollars ($55,000.00) within ten (10) calendar days. In addition to the cash payment, the Company shall
issue to the Consultant at the closing of the Company’s Senior Secured Convertible Note offering, pursuant to that side letter
by and between certain parties dated of even date herewith, Seventy Thousand (70,000) shares of unregistered, transfer-restricted
Company common stock, $0.001 par value per share, free and clear of all Company encumbrances, subject to the terms of the
Registration Rights Agreement by and between the Consultant and Adamas One Corp. dated 5/24 and 6/3, 2021 with respect to
such shares.

    1

     

    

4.    EXPENSES.
The Company agrees to reimburse the Consultant from time to time, for reasonable and pre-approved in writing, including via email, out-of-pocket
expenses incurred by Consultant in connection with its activities under this Agreement.

 

5.    CONFIDENTIALITY.
All knowledge and information of a proprietary and confidential nature relating to the Company which the Consultant obtains during the
Consulting period, from the Company or the Company’s employees, agents or Consultants shall be for all purposes regarded and treated
as strictly confidential for so long as such information remains proprietary and confidential and shall be held in trust by the Consultant
solely for the Company’s benefit and use and shall not be directly or indirectly disclosed by the Consultant to any person without
the prior written consent of the Company, which consent may be withhold by the Company in its sole discretion.

 

6.    INDEPENDENT
CONTRACTOR STATUS. Consultant understands that since the Consultant is not an employee of the Company, the Company will not withhold
income taxes or pay any employee taxes on its behalf, nor will it receive any fringe benefits. The Consultant shall not have any authority
to assume or create any obligations, express or implied, on behalf of the Company and shall have no authority to represent the Company
as agent, employee or in any other capacity that as herein provided.

 

7.    TERMINATION.
This Agreement may be terminated by mutual consent of both Parties at any time, provided, however, that termination shall not relieve
the Company from paying the compensation already accrued.

 

8.    NO
THIRD-PARTY RIGHTS. The Parties warrant and represent that they are authorized to enter into this Agreement and that no third parties
have any interest in any of the services contemplated hereby.

 

9.    ABSENCE
OF WARRANTIES AND REPRESENTATIONS. Each Party hereto acknowledges that they have signed this Agreement without having relied upon
or being induced by any agreement, warranty or representation of fact or opinion of any person not expressly set forth herein. All representations
and warranties of either Party contained herein shall survive its signing and delivery.

 

10.  GOVERNING
LAW. This Agreement shall be governed by and construed in accordance with the law of the State of New York.

 

11.  ATTORNEY’S
FEES. In the event of any controversy, claim or dispute between the Parties hereto, arising out of or in any manner relating to this
Agreement, including an attempt to rescind or set aside, the prevailing Party in any action brought to settle such controversy, claim
or dispute shall be entitled to recover reasonable attorney’s fees and costs.

 

12.  VALIDITY.
If any paragraph, sentence, term or provision hereof shall be held to be invalid or unenforceable for any reason, such invalidity or
unenforceability shall not affect the validity enforceability of any other paragraph, sentence, term and provision hereof. To the
extent required, any paragraph, sentence, term or provision of this Agreement may be modified by the Parties hereto by written
amendment to preserve its validity.

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13.  NO-DISCLOSURE
OF TERMS. The terms of this Agreement shall be kept confidential, and no Party, representative, attorney or family member shall reveal
its contents to any third party except as required by law or as necessary to comply with law or preexisting contractual commitments.

 

14.  ENTIRE
AGREEMENT. This Agreement contains the entire understanding of the Parties and cannot be altered or amended except by an amendment
duly executed by all Parties hereto. This Agreement supersedes and replaces any and all previous agreements between the Parties. This
Agreement shall be binding upon and inure to the benefit of the successors, assigns and personal representatives of the Parties.

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IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement effective as of the date first written above.

 

	The
    Company	The
    Consultant
	 	 
	Adamas
    One Corp.	Alchemy
    Advisory LLC
	a
    Nevada Corporation	a
    Puerto Rico Limited Liability Company

 

	/s/
    John Grdina	 	/s/
    Dmitriy Shapiro	 
	By: 	John Grdina	 	By: 	Dmitriy Shapiro	 
	 	Chief Executive Officer	 	 	Founder	 

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