Document:

Exhibit
10.22 

 

SQL
TECHNOLOGIES CORP. 

 

EXECUTIVE EMPLOYMENT
AGREEMENT

 

This
Executive Employment Agreement (the “Agreement”) dated September 1, 2019 by and between SQL Technologies Corp., a
corporation duly organized under the laws of the state of Florida (together with its subsidiaries and predecessor companies hereinafter
referred to as the “Company”) and John P. Campi, a resident of the state of Georgia (hereinafter referred to as the “Executive”).

 

NOW,
THEREFORE, the parties hereto agree as follows:

 

1.
Employment. Company hereby agrees to employ Executive as its Chief Executive Officer and Executive hereby accepts such employment
in accordance with the terms of this Agreement, and the terms of employment applicable to regular employees of Company.

 

2.
Duties of Executive. The duties of Executive shall include the performance of all of the duties typical of the office held by Executive
as described in the bylaws of the Company and such other duties and projects as may be assigned by the board of directors of the Company,
if any. Executive shall perform all duties in a professional, ethical and businesslike manner. Executive shall be required to devote
such time to the affairs of the Company as shall be necessary to manage such affairs. Executive shall perform such duties principally
from the Company’s offices in Atlanta, Georgia, subject to such reasonable travel as may be required. With the exception of those
listed on Exhibit A, during the term of this Agreement, Executive’s direct or indirect engagement in any other businesses or concerns
in any capacity, either with or without compensation will require prior written consent of Company.

 

3.
Compensation. Executive shall be paid compensation during the term of this Agreement as follows:

 

a)
A base salary of one hundred and two thousand dollars ($150,000) per year ($12,500 per month), payable in installments according to the
Company’s regular payroll schedule. The base salary shall be reviewed at the end of each year of service and adjusted by the Company’s
Board of Directors at its sole discretion.

 

b)
120,000 stock options to purchase shares company at $6.00 per share. Options will vest on December 31, 2020 to complete sign-on bonus

 

c)
An “Incentive Compensation” with cash and stock option components equal to:

 

    	 

     

    

 

Cash:

 

		(i)	One-quarter
                                            of one-percent (0.0025%) of the Company’s annual gross revenue (as defined below)
	 	 	 
	and
	 	 	 
		(ii)	Three
                                            percent (3%) of the Company’s annual net income (as defined below)

 

For
the purposes of this Agreement, the following definitions of terms shall apply:

 

Gross
Revenue shall mean gross sales less any returns and discounts.

 

Net
Income: shall mean Gross Revenue less cost of manufacturing and transportation to port, selling costs, GE license fee, all operating
and financing costs, bank fees, depreciation, amortization and federal, state and local income taxes.

 

Options:

 

(i)
Options to purchase shares of the Company’s common stock equal to one half of one percent (0.005) of quarterly net income, the
strike prices of which will be determined at the time of granting. Such options shall expire five years from grant.

 

Payments
of the cash components of the incentive compensation shall be made within thirty (30) days after the Company’s independent auditor
(“Auditor”) has completed its annual audit (“Audit’’) for each applicable year. If the Audit in any applicable
year has not been completed within one-hundred and five (105) days (“Audit Date”) after the end of the Company’s fiscal
year, then the Company shall make a preliminary payment equal to fifty percent (50%) of the estimated amount due based upon the preliminary
adjusted net profits determined by the Auditor, and the payment of the balance, if any, paid with 48 hours following completion of the
Audit. In the event it is determined that the preliminary payment is greater than the amount of cash incentive compensation due Executive
based on the final Audit results, Executive shall return such excess amount of cash incentive compensation paid to the Company within
48 hours following the completion of the Audit.

 

4.
Benefits.

 

a)
Vacation. Executive shall be entitled to four (4) weeks paid vacation days each year.

 

b)
Sick Leave. Executive shall be entitled to sick leave and emergency leave according to the regular policies and procedures of
Company. Additional sick leave or emergency leave over and above paid leave provided by the Company, if any, shall be unpaid and shall
be granted at the discretion of the board of directors.

 

c)
Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at the Executive’s
option, in a group medical and hospital insurance plan the Company may offer during this Agreement. Executive shall be responsible for
payment of any federal or state income tax imposed upon these benefits.

 

    	 

     

    

 

The
offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT a condition of employment by the
Executive.

 

d)
Expense Reimbursement. Executive shall be entitled to reimbursement for all reasonable expenses, including travel and entertainment,
incurred by Executive in the performance of Executive’s duties. Executive will maintain records and written receipts as required
by the Company policy and reasonably requested by the board of directors to substantiate such expenses.

 

5.
Term. The term of this Agreement shall commence on September 1, 2016 and shall continue in effect for a period of one (1) year. Following
the expiration of the current term, the Agreement shall be renewed upon the mutual agreement of Executive and Company.

 

6.
Termination

 

a)
The Company may terminate Executive for cause. Cause shall be defined as:

 

(i)
An act of fraud, embezzlement, theft or neglect of or refusal to substantially perform the duties of Executive’s employment which
is materially injurious to the financial condition or business reputation of the Company;

 

(ii)
A material violation of this Agreement by Executive, which is not cured within thirty (30) days after written notice thereof;

 

(iii)
Executive’s death, disability or incapacity.

 

b)
This Agreement and Executive’s employment may be terminated at Company’s Board of Directors discretion during the
Initial Term, provided that if Executive is terminated without cause, Company shall pay to Executive an amount calculated by
multiplying the Executive’s monthly salary, at the time of such termination, times the number of months remaining in the
Initial Term (as an example, if Executive were terminated at the end of the sixth month of employment, Executive would be entitled
to receive a one-lump payment in cash or stock equal to the remaining six months base compensation of the Initial Term at the time
of termination. To further illustrate, if the Executive’s monthly salary at the time of termination without cause was twelve
thousand five hundred dollars ($12,500), the Executive would receive twelve thousand five hundred dollars ($12,500) multiplied by
six (6) or seventy-five thousand dollars ($75,000). In addition, if Executive is terminated without cause, Executive’s Sign-on
Bonus shares shall immediately vest. In the event of such termination, Executive shall be entitled to the Incentive Compensation
payment and other compensation then in effect, on a prorated basis.

 

c)
This Agreement and Executive’s employment may be terminated by the Company’s Board of Directors at its discretion at any
time after the Initial Term, provided that in such case, Executive shall be paid fifty percent (50%) of Executive’s then applicable
annual base salary. In the event of such a discretionary termination, Executive shall not be entitled to receive any incentive salary
payment or any other compensation then in effect, prorated or otherwise.

 

d)
This Agreement may be terminated by Executive at Executive’s discretion by providing at least thirty (30) days prior written notice
to Company. In the event of termination by Executive pursuant to this subsection, Company may immediately relieve Executive of all duties
and immediately terminate this Agreement, provided that Company shall pay Executive at the then applicable base salary rate to the termination
date included in Executive’s original termination notice.

 

    	 

     

    

 

e)
In the event Company is acquired, or is the non-surviving entity in a merger, or sells all or substantially all of its assets, this Agreement,
all of the provisions and rights provided herein shall survive. The Company shall use its best efforts to ensure that the transferee
or surviving company is bound by the provisions of this Agreement and all shares grants will vest immediately.

 

7.
Notices. Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate
party by personal delivery or by certified mail, postage prepaid, or recognized overnight delivery services;

 

If
to Company:

 

SQL
Technologies Corp.

4400
North Point Parkway

Suite
265

Alpharetta,
GA 30022

 

If
to Executive:

 

John
P. Campi

[*]

[*]

 

8.
Final Agreement. This Agreement supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may
be modified only in writing and that which is duly executed by both parties.

 

9.
Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the state of Florida.

 

10.
Headings. Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.

 

11.
No Assignment. Neither this Agreement nor any or interest in this Agreement may be assigned by Executive without the prior express
written approval of Company, which may be withheld by Company at Company’s absolute and sole discretion.

 

12.
Severability. If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this
Agreement, including all of the remaining terms, shall remain in full force and effect as if such invalid or unenforceable term had never
been included.

 

13.
Arbitration. The parties agree that they shall use their best efforts to amicably resolve any dispute arising out of or relating
to this Agreement. Any controversy, claim or dispute that cannot be so resolved shall be settled by final binding arbitration in accordance
with the rules of the American Arbitration Association and judgment upon the award rendered by the arbitrator or arbitrators may be entered
in any court having jurisdiction thereof. Any such arbitration shall be conducted in the state of Florida, or such other place as may
be mutually agreed upon by the parties. Within fifteen (15) days after the commencement of the arbitration, each party shall select one
person to act as arbitrator, and the two arbitrators so selected shall select a third arbitrator within ten (10) days of their appointment.
Each party shall bear its own costs and expenses and an equal share of the arbitrator’s expenses and administrative fees of arbitration.

 

********
Signature Page Follows ********

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of September 1, 2019.

 

	EXECUTIVE	 
	 	 
	/s/
  John P. Campi	 
	John
  P. Campi	 
	 	 
	SQL
  Technologies CORP. 	 
	 	 
	/s/
  Rani Kohen	 

 

Rani
Kohen, Chairman, on behalf of the Company’s Board of Directors, which has reviewed the Agreement and ratified and affirmed such
Agreement as represented herein.Exhibit
10.23 

 

 

 CONSULTANT
AGREEMENT 

 

This
Consultant Agreement (the “Agreement”) dated August 20, 2019 and between:

 

SKY
Technologies, and its affiliates duly organized under the laws of the state of Florida (together with its subsidiaries and predecessor
companies hereinafter referred to as the “Company”) and Steve Schmidt, (hereinafter referred to as the “Consultant”). 

 

NOW,
THEREFORE, the parties hereto agree as follows:

 

1.
Consulting. The Company hereby agrees to engage Consultant as retail market consultant to the Executive Chairman of the Company
and Consultant hereby accepts his role in accordance with the terms of this Agreement.

 

2.
Duties of Consultant. The duties of Consultant shall include advising the Chairman of the Company on retail programs and strategies,
opportunities and transactions, help in identifying strategic partners and/or investors and other consulting services as may be assigned
by the Chairman of the Company. Consultant shall perform all duties in a professional, ethical and businesslike manner. Consultant shall
devote a reasonable time to the affairs of the Company as will be mutually agreed between the Chairman and Consultant.

 

3.
Compensation. During the initial term of this Agreement only, Consultant shall be paid compensation as follows:

 

	 	 	
	 	A.	For
    each year of his service to the company, Consultant will receive the following:
	 		
	 	 	For
    year one: Consultant will receive a 5-year option to purchase 20,000 common shares at strike price of $0.10 per share and a 5-year
    option to purchase 20,000 common shares at a strike price of $6 per share that will all vest on October 1, 2020
	 	 	
	 	 	For
    year two: Consultant will receive a 5-year option to purchase 20,000 common shares at strike price of $0.10 per share and
    a 5-year option to purchase 20,000 common shares at a strike price of $6 per share that will all vest on October 1, 2021
	 		 
	 	 	For
    year three: Consultant will receive a 5-year option to purchase 20,000 common shares at strike price of $0.10 per share and a 5-year
    option to purchase 20,000 common shares at a strike price of $6 per share that will all vest on October 1, 2022
	 	 	 
	 		For
    each big-box retail chain implementation of a full program in both websites and all stores of Smart Ceiling Fans, or Smart Lighting,
    or Smart Bases, that Consultant will lead and help the Company to achieve, he will receive a bonus of: 20,000 shares.

 

    	 

     

    

 

4.
Independent Contractor Status. The parties intend Consultant to be an independent contractor and not an employee. Consultant will
not incur any indebtedness on behalf of the Company. The Company is not responsible and will not withhold or deduct FICA or taxes of
any kind, unless such withholding becomes legally required. Benefits provided by an employer to employees will not be available to Consultant.

 

5.
Initial Term. The term of this Agreement shall commence on August 20, 2019 (the Effective Date”) and shall continue
in effect for a period of three (3) years (the “Initial Term”). Following the expiration of the Initial Term, the Agreement
shall be renewed upon the mutual agreement of Consultant and Company.

 

6.
Termination. The Company may terminate Consultant for cause.

 

a)
Cause shall be defined as:

 

(i)
An act of fraud, embezzlement, theft or neglect of or refusal to substantially perform the duties of Consultant which is materially injurious
to the financial condition or business reputation of the Company;

 

(ii)
A material violation of this Agreement by Consultant, which is not cured within thirty (30) days after written notice thereof;

 

(iii)
Consultant death, disability or incapacity;

 

(iv)
Willful misconduct damaging to the Company, its reputation, products, services or customers;

 

(v)
Being charged with a felony or a misdemeanor involving moral turpitude.

 

b)
This Agreement is an “At Will” consulting agreement and nothing in the Company’s policies, actions, or this document
shall be construed to alter the “At Will” nature of Consultant’s status with the Company, and Consultant understands
that the Company may terminate the Agreement at any time for any reason or for no reason, provided it is not terminated in violation
of state or federal law and further provided all common shares described in Section 3 are granted to Consultant and all options set forth
therein shall immediately vest.

 

c)
This Agreement may be terminated by the Company at its discretion at any time, provided all shares described in Section 3 are granted
to Consultant and all options shall immediately vest.

 

    	 

     

    

 

d)
This Agreement may be terminated by Consultant at Consultant’s discretion by providing at least thirty (30) days prior written
notice to Company. In the event of termination by Consultant pursuant to this subsection, Company may immediately relieve Consultant
of all duties and immediately terminate this Agreement, provided that Consultant shall be entitled to any due but un-granted common shares
and any vested options to the termination date set forth in Consultant’s original termination notice.

 

e)
In the event Company is acquired, or is the non-surviving entity in a merger, or sells all or substantially all of its assets, this Agreement,
all of the provisions and rights provided herein shall survive. The Company shall use its best efforts to ensure that the transferee
or surviving company is bound by the provisions of this Agreement and all shares grants will vest immediately.

 

8.
Notices. Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate
party by personal delivery or by certified mail, postage prepaid, or recognized overnight delivery services;

 

	If
    to Company:	 
	 	 
	 	Sky Technologies.

                                                         2855 W McNab Rd

                                                         Pompano Beach

                                                         FL 33180

	 	 
	If
    to Consultant:	[Enter
    Name and Address] 

 

9.
Final Agreement. This Agreement supersedes all prior understandings or agreements on the subject matter hereof. This Agreement
may be modified only in writing and that which is duly executed by both parties.

 

10.
Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Florida.

 

11.
Headings. Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.

 

12.
No Assignment. Neither this Agreement nor any or interest in this Agreement may be assigned by Consultant without the prior express
written approval of Company, which may be withheld by Company at Company’s absolute and sole discretion.

 

13.
Severability. If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then
this Agreement, including all of the remaining terms, shall remain in full force and effect as if such invalid or unenforceable term
had never been included.

 

14.
Arbitration. The parties agree that they shall use their best efforts to amicably resolve any dispute arising out of or relating
to this Agreement. Any controversy, claim or dispute that cannot be so resolved shall be settled by final binding arbitration in accordance
with the rules of the American Arbitration Association and judgment upon the award rendered by the arbitrator or arbitrators may be entered
in any court having jurisdiction thereof. Any such arbitration shall be conducted in the state of Florida, or such other place as may
be mutually agreed upon by the parties. Within fifteen (15) days after the commencement of the arbitration, each party shall select one
person to act as arbitrator, and the two arbitrators so selected shall select a third arbitrator within ten (10) days of their appointment.
Each party shall bear its own costs and expenses and an equal share of the arbitrator’s expenses and administrative fees of arbitration.

 

*********************************************************

 

    	 

     

    

 

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

 

	SKY TECHNOLOGIES	 	CONSULTANT
	 	 	 	 	 
	/s/ Rani Kohen /s/ John Campi	 	/s/ Steven Schmidt
	Name	Rani Kohen and John Campi     	 	Name	 Steven Schmidt

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