Document:

GREY CLOAK TECH INC.

CONSULTING SERVICES AGREEMENT

 

This Consulting Services
Agreement (this “Agreement”) is made and entered into on September 25, 2015 (the “Effective Date”)
by and between Grey Cloak Tech Inc., a Nevada corporation (the “Company”) and The Dunn Group, LLC, a Minnesota
limited liability company (the “Consultant”). Each of the Company and the Consultant shall be referred to as
a “Party” and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, the Company is
engaged in the detection of advertising click fraud and clean advertising (CleanStreamAdstm) business;

 

WHEREAS, the Consultant
through its principal, Brian J. Dunn (“Dunn”) has commercial experience in a variety of business segments related
to the business of the Company;

 

WHEREAS, the Company wishes
to engage the consulting services of Consultant; and

 

WHEREAS, Consultant wishes
to provide the Company with consulting services.

 

NOW, THEREFORE, for good
and adequate consideration, the receipt and sufficient of which is hereby acknowledged, the Parties hereto hereby agree as follows:

 

1.CONSULTING SERVICES

 

The
Company hereby authorizes, appoints and engages the Consultant to perform the following services in accordance with the terms and
conditions set forth in this Agreement (the “Consulting
Services”) and the Consultant agrees to provide the Consulting Services through Dunn:

 

A.               
assist the Company is promoting its “Fraudlytic” software and services, including
the Company’s CleanStreamAdstm services;

 

B.                
assist the Company is developing a comprehensive “go to market” strategy for its
“IP Reputation System”;

 

C.                
participate in the acquisition of IP addresses for the IP Reputation System by managing the
overall strategy and sales effort for acquisition of those IP addresses;

 

D.               
provide services consistent with the daily operations of the Company, including but not limited
to the negotiation of contracts with clients; and

 

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E.                
undertake such duties and exercise such powers in relation to the Company and its business
as the Company’s Board of Directors shall from time to time assign.

 

2.TERM OF AGREEMENT

 

A.Term. This Agreement is effective
on the Effective Date and will continue until terminated pursuant to section 2(B) (the “Term”).

 

B.Termination. Either party
may terminate this Agreement at any time upon thirty (30) days prior written notice to the other party, or such shorter period
as the parties may agree upon.

 

C.Survival. The rights and obligations
contained in sections 17 and 18 will survive any termination or expiration of this Agreement

 

3.COMPENSATION TO CONSULTANT

 

The Consultant shall be
compensated as set forth in Exhibit A.

 

4.REPRESENTATIONS AND WARRANTIES OF
CONSULTANT

 

Consultant represents and
warrants to and agrees with the Company that:

 

A.This Agreement has been duly authorized,
executed and delivered by Consultant. This Agreement constitutes the valid, legal and binding obligation of Consultant, enforceable
in accordance with its terms, except as rights to indemnity hereunder may be limited by applicable federal or state securities
laws, and except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditor’s
rights generally.

 

B.The consummation of the transactions
contemplated hereby will not result in any breach of the terms or conditions of, or constitute a default under, any agreement or
other instrument to which Consultant is a party, or violate any order, applicable to Consultant, of any court or federal or state
regulatory body or administrative agency having jurisdiction over Consultant or over any of its property, and will not conflict
with or violate the terms of Consultant’s current employment or any consulting agreements to which Consultant is a party.

 

C.Consultant will disclose to any third
party with which Consultant may have a potential or actual conflict of interest, and will further disclose to any such third party
reasonably requested by the Company, the existence of Consultant’s relationship with the Company pursuant to this Agreement.
Consultant shall provide copies of all such disclosure to the Company.

 

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D.Consultant has the qualifications
and abilities to perform the Consulting Services in a professional manner without the advice or control of the Company.

 

5.REPRESENTATIONS AND WARRANTIES OF
THE COMPANY

 

The Company hereby represents,
warrants, covenants to and agrees with Consultant that this Agreement has been duly authorized, and executed by the Company and
is a binding obligation of the Company, enforceable in accordance with its terms, except as rights to indemnity hereunder may be
limited by applicable federal or state securities laws, and except in each case as such enforceability may be limited by bankruptcy,
insolvency, reorganization or similar laws affecting creditor’s rights generally.

 

6.INDEPENDENT CONTRACTOR

 

It is the express intention
of the Parties that Consultant is an independent contractor and not an employee, agent, joint venturer or partner of the Company.
Nothing in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee
between the Company and Consultant or any employee or agent of Consultant. Both Parties acknowledge that Consultant is not an employee
for state or federal tax purposes. Consultant shall retain the right to perform services for others during the term of this Agreement.
Consultant shall not be entitled to any of the benefits afforded to the Company’s employees including, without limitation,
workers’ compensation, unemployment insurance, vacation or sick pay. Consultant’s services will be performed with no
direct supervision from the Company; and while the desired result of Consultant’s services will be mutually agreed upon,
the Company will exercise no control or direction as to the means and methods for accomplishing this result.

 

In the performance of Consultant’s
services, the services and the hours Consultant is to work on any given day will be entirely within Consultant’s control.
Consultant will perform its services for the Company in a workmanlike manner and in accordance with applicable industry standards.

 

7.NOTICES

 

Any notice required or
permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated: (i) by
personal delivery when delivered personally; (ii) by overnight courier upon written verification of receipt; or (iii) by
facsimile transmission upon acknowledgment of receipt of electronic transmission. Notice shall be sent to the addresses set forth
below or such other address as either party may specify in writing.

 

To the Company:Grey Cloak Tech Inc.

10300 W. Charleston

Las Vegas, NV 89135

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Attn: Fred Covely

Facsimile: (253) 679-9194

 

with a copy to:Clyde Snow & Sessions,
PC

201 S. Main Street, 13th
Floor

Salt Lake City, UT 84111

Attn: Brian A. Lebrecht

Facsimile: (801) 521-6280

 

To the Director:Brian J. Dunn

5 Circle East

Edina, MN 55436

Email: brian@thedunngroup.com

 

8.ASSIGNMENT

 

Except as expressly permitted
by this Agreement, neither party shall assign, delegate, or otherwise transfer any of its rights or obligations under this Agreement
without the prior written consent of the other party. Subject to the foregoing, this Agreement will be binding upon and inure to
the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns.

 

10.CHOICE OF LAW AND VENUE

 

This Agreement and the
rights of the Parties hereunder shall be governed by and construed in accordance with the laws of the State of Nevada including
all matters of construction, validity, performance, and enforcement and without giving effect to the principles of conflict of
laws. Any action brought by any Party hereto shall be brought within the State of Nevada, County of Clark.

 

11.ENTIRE AGREEMENT

 

Except as provided herein,
this Agreement, including exhibits, contains the entire agreement of the Parties, and supersedes all existing negotiations, representations,
or agreements and all other oral, written, or other communications between them concerning the subject matter of this Agreement.
There are no representations, agreements, arrangements, or understandings, oral or written, between and among the Parties hereto
relating to the subject matter of this Agreement that are not fully expressed herein. The terms of this Agreement will govern all
consulting services undertaken by the Consultant for the Company.

 

12.SEVERABILITY

 

Should any provisions of
this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and enforceability of
the remaining provisions of this Agreement shall not be affected or impaired thereby.

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13.CAPTIONS

 

The captions in this Agreement
are inserted only as a matter of convenience and for reference and shall not be deemed to define, limit, enlarge, or describe the
scope of this Agreement or the relationship of the Parties, and shall not affect this Agreement or the construction of any provisions
herein.

 

14.COUNTERPARTS

 

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

 

15.MODIFICATION

 

No change, modification,
addition, or amendment to this Agreement shall be valid unless in writing and signed by all Parties hereto.

 

16.ATTORNEYS FEES

 

Except as otherwise provided
herein, if a dispute should arise between the Parties including, but not limited to arbitration, the prevailing Party shall be
reimbursed by the non-prevailing Party for all reasonable expenses incurred in resolving such dispute, including reasonable
attorneys’ fees.

 

17.NON-COMPETE AND CONFIDENTIALITY

 

A.Consultant shall not, during the
term of this Agreement and for a period of one (1) year thereafter, for any reason, either directly or indirectly: (i) become associated
with, render services to, invest in, represent, advise or otherwise participate in as an officer, employee, director, stockholder,
partner, promoter, agent of, consultant for or otherwise, any business which is competitive with the business of the Company or
any of its subsidiaries, provided that Consultant may own equity of certain business entities engaging in similar business as that
of the Company subject to the prior approval by the Board of Directors; (ii) for its own account or for the account of any other
person or entity, interfere with the Company’s relationship with any of its suppliers, material customers, accounts, brokers,
representatives or agents; (iii) call on, solicit, or take away any of Company’s customers or potential customers about whom
Consultant became aware as a result of Consultant’s services to the Company, either for Consultant or for any other person
or entity; or (iv) solicit or take away or attempt to solicit or take away any of Company’s employees or contractors either
for Consultant or for any other person or entity.

 

B.Confidentiality.
Consultant shall maintain in strict confidence all information he has obtained or shall obtain from the Company which the Company
has

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designated as “confidential” or
which is, by its nature confidential, relating to the Company’s business, operations, properties, assets, services, condition
(financial or otherwise), liabilities, employee relations, customers (including customer usage statistics), suppliers, prospects,
technology, or trade secrets, except to the extent such information (i) is in the public domain through no act or omission
of the Company, (ii) is required to be disclosed by law or a valid order by a court or other governmental body, or (iii) is
independently learned by Consultant outside of this relationship (the “Confidential Information”).

 

3.3 Nondisclosure
and Nonuse Obligations. Consultant will use the Confidential Information solely to perform the Consultant Services for the
benefit of the Company. Consultant will treat all Confidential Information of the Company with the same degree of care as Consultant
treats his own Confidential Information, and Consultant will use his best efforts to protect the Confidential Information. Consultant
will not use the Confidential Information for his own benefit or the benefit of any other person or entity, except as may be specifically
permitted in this Agreement. Consultant will immediately give notice to the Company of any unauthorized use or disclosure by or
through him, or of which he becomes aware, of the Confidential Information. Consultant agrees to assist the Company in remedying
any such unauthorized use or disclosure of the Confidential Information.

 

3.4 Return
of the Company Property. All materials furnished to Consultant by the Company, whether delivered to Consultant by the Company
or made by Consultant in the performance of Consultant Services under this Agreement (the “Company Property”),
are the sole and exclusive property of the Company. Consultant agrees to promptly deliver the original and any copies of the Company
Property to the Company at any time upon the Company’s request. Upon termination of this Agreement by either party for any
reason, Consultant agrees to promptly deliver to the Company or destroy, at the Company’s option, the original and any copies
of the Company Property. Consultant agrees to certify in writing that Consultant has so returned or destroyed all such the Company
Property.

 

18.WORK FOR HIRE. 

 

Consultant and the Company
expressly agree that the Consulting Services is “work made for hire,” and Consultant expressly waives and relinquishes
any and all authorship, copyright, ownership or other statutory or common law claims to the Consulting Services or any copyrightable
work derived therefrom, or any interest or rights in any such work. Consultant further agrees that, in the event it is subsequently
determined by a court of competent jurisdiction or otherwise that notwithstanding the foregoing language, Consultant retains any
right, title or interest in or to the Consulting Services or any copyrightable work derived therefrom, or any interest or rights
in any such work, Consultant irrevocably agrees to sell, transfer and assign any and all such right, title and interest to the
Company immediately upon the Company’s request for the sum of One Dollar ($1.00).

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

 

	“Company”	“Consultant”
	 	 
	Grey Cloak Tech Inc.,	The Dunn Group, LLC,
	a Nevada corporation	a Minnesota limited liability company
	 	 
	 	 
	/s/ Fred Covely                                  	/s/ Brian J. Dunn                                  
	By:Fred Covely	Brian J. Dunn, Chief Manager
	Its:President	 
	 	 
	 	 
	 	 
	 	 
	The undersigned principal of Consultant agrees to bound personally by the provisions of Sections 17 and 18 to the same extent as such provisions apply to Consultant.
	 	 
	 	 
	                                                         	 
	Brian J. Dunn	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT A

 

COMPENSATION

 

The Company shall compensation the Consultant
as follows:

 

1.Upon execution of this Agreement,
the Company shall issue to Consultant warrants to purchase one million (1,000,000) shares of the Company’s common stock (the
“Warrants”) in the form attached hereto as Exhibit B.

 

2.During the term of this Agreement
and the six (6) month period following the termination of this Agreement (the “Tail Period”), Consultant shall
receive a ten percent (10%) commission on all (i) “Fraudlytic” software sales, (ii) CleanStreamAdstm services
sales, and (iii) IP Reputation sales, that are a direct a result of Consultant’s efforts.

 

3.During the term of this Agreement
and the Tail Period, in the event Consultant is involved in locating or identifying a third-party company, venture capital firm
or financial institution which enters into a transaction with the Company (on terms acceptable to the Company in its sole and absolute
discretion) as a direct result of Consultant’s efforts, Consultant shall receive a fee equal to three percent (3%) of the
value thereof to the Company.

 

4.During the term of this Agreement
and the Tail Period, in the event a third-party acquires of all or substantially all of the equity interests of the Company, or
all or substantially all of the assets of the Company (on terms acceptable to the Company, its Board of Directors and shareholders,
in their sole and absolute discretion), Consultant shall receive a fee equal to (i) three percent (3%) of the consideration received
by the Company or its shareholders if the aggregate consideration is four hundred million dollars ($400,000,000) or less, or (ii)
four percent (4%) of the consideration received by the Company or its shareholders if the aggregate consideration is exceeds four
hundred million dollars ($400,000,000), in the same form as the consideration received by the Company or its shareholders.GREY CLOAK TECH INC.

DIRECTOR AGREEMENT

 

This Director Agreement
(the “Agreement”) is made and entered into on September 25, 2015, with an effective date as set forth in Section
1.1 hereof, by and between Grey Cloak Tech Inc., a Nevada corporation (the “Company”), and Brian J. Dunn, an
individual (the “Director”). Each of the Company and the Director shall be referred to as a “Party”
and collectively as the “Parties.”

 

I.SERVICES

 

1.1 Board
of Directors. Effective as of the date that the Director is appointed to the Company’s Board of Directors, and subject
to the Company’s procurement of an insurance policy as set forth in Section 2.4 hereof (the “Effective Date”),
Director will have been appointed as a member of the Company’s Board of Directors (the “Board”), to serve
until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date of termination of
this Agreement in accordance with Section 5.2 hereof (such earlier date being the “Expiration Date”). The
Board shall consist of the Director and such other members as nominated and elected pursuant to the then current Articles of Incorporation,
as amended from time to time, of the Company and its Bylaws (the “Articles”).

 

1.2 Director
Services. Director’s services to the Company hereunder shall include service on the Board to manage the business of the
Company in accordance with applicable law and the then current Articles, and such other services in his capacity as a director
of the Company as mutually agreed to by Director and the Company (the “Director Services”).

 

II.COMPENSATION

 

2.1 Expense
Reimbursement. The Company shall reimburse Director for all reasonable and pre-approved travel and other out-of-pocket expenses
incurred in connection with the Director Services rendered by Director.

 

2.2 Fees
to Director. The Company will not pay Director any cash fees for the Director Services.

 

2.3 Warrants.
The Company will issue to the Director warrants to purchase up to 2,000,000 shares of the Company’s common stock (the “Warrants”)
in the form attached hereto as Exhibit A, exercisable at twenty five cents ($0.25) per share for a period of seven (7) years
from the date hereof. The Warrants shall be subject to vesting as set forth therein.

 

2.4 Director
and Officer Liability Insurance. Subject to Article VI hereof, the Company’s director and officer liability insurance
policy shall provide Director with

 

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coverage for damages and losses incurred
in connection with the Director Services as set forth in such policy, which shall have a coverage limit of no less than $1,000,000.

 

III.DUTIES OF DIRECTOR

 

3.1 Fiduciary
Duties. In fulfilling his managerial responsibilities, Director shall be charged with a fiduciary duty to the Company and all
of its shareholders. Director shall be attentive and inform himself of all material facts regarding a decision before taking action,
and agrees to be an active participant in the activities of the Company to which the Board is providing oversight. In addition,
Director’s actions shall be motivated solely by the best interests of the Company and its shareholders. Director agrees to
use his best efforts to attend all telephonic and in-person Board meetings, and agrees that he will in any event attend at least
75% of such meetings.

 

3.2 Confidentiality.
Director shall maintain in strict confidence all information he has obtained or shall obtain from the Company which the Company
has designated as “confidential” or which is, by its nature confidential, relating to the Company’s business,
operations, properties, assets, services, condition (financial or otherwise), liabilities, employee relations, customers (including
customer usage statistics), suppliers, prospects, technology, or trade secrets, except to the extent such information (i) is
in the public domain through no act or omission of the Company, (ii) is required to be disclosed by law or a valid order by
a court or other governmental body, or (iii) is independently learned by Director outside of this relationship (the “Confidential
Information”).

 

3.3 Nondisclosure
and Nonuse Obligations. Director will use the Confidential Information solely to perform the Director Services for the benefit
of the Company. Director will treat all Confidential Information of the Company with the same degree of care as Director treats
his own Confidential Information, and Director will use his best efforts to protect the Confidential Information. Director will
not use the Confidential Information for his own benefit or the benefit of any other person or entity, except as may be specifically
permitted in this Agreement. Director will immediately give notice to the Company of any unauthorized use or disclosure by or through
him, or of which he becomes aware, of the Confidential Information. Director agrees to assist the Company in remedying any such
unauthorized use or disclosure of the Confidential Information.

 

3.4 Return
of the Company Property. All materials furnished to Director by the Company, whether delivered to Director by the Company or
made by Director in the performance of Director Services under this Agreement (the “Company Property”), are
the sole and exclusive property of the Company. Director agrees to promptly deliver the original and any copies of the Company
Property to the Company at any time upon the Company’s request. Upon termination of this Agreement by either party for any
reason, Director agrees to promptly deliver to the Company or destroy, at the Company’s option, the original and any copies
of the Company Property. Director agrees to certify in writing that Director has so returned or destroyed all such the Company
Property.

 

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IV.COVENTANTS OF DIRECTOR

 

4.1 No
Conflict of Interest. During the term of this Agreement and for a period of one (1) year thereafter, Director shall not be
employed by, own, manage, control or participate in the ownership, management, operation or control of any business entity that
is in direct competition with the Company or otherwise undertake any obligation inconsistent with the terms hereof, provided that
Director may own equity of certain business entities engaging in similar business as that of the Company subject to the prior approval
by the Board, and provided further that Director may continue Director’s current affiliation or other current relationships
with the entity or entities described on Exhibit B (all of which entities are referred to collectively as “Current
Affiliations”). This Agreement is subject to the current terms and agreements governing Director’s relationship
with Current Affiliations, and nothing in this Agreement is intended to be or will be construed to inhibit or limit any of Director’s
obligations to Current Affiliations. Director represents that nothing in this Agreement conflicts with Director’s obligations
to Current Affiliations. A business entity shall be deemed to be in “direct competition with the Company” for purpose
of this Article IV only if and to the extent it is primarily engaged in the business substantially similar to the Company’s
detection of advertising click fraud and CleanStreamAdstm business.

 

4.2 Noninterference
with Business. During the term of this Agreement, and for a period of one (1) year after the Expiration Date, Director
agrees not to interfere with the business of the Company in any manner. By way of example and not of limitation, Director agrees
not to solicit or induce any employee, independent contractor, customer or supplier of the Company to terminate or breach his or
her employment, contractual or other relationship with the Company.

 

V.TERM AND TERMINATION

 

5.1 Term.
This Agreement is effective on the Effective Date and will continue until terminated pursuant to section 5.2.

 

5.2 Termination.
Either party may terminate this Agreement at any time upon thirty (30) days prior written notice to the other party, or such
shorter period as the parties may agree upon.

 

5.3 Survival.
The rights and obligations contained in Articles III, IV, and VI will survive any termination or expiration of this Agreement.

 

VI.INDEMNIFICATION

 

6.1Authority. The Company’s
Articles do not expressly provide for the indemnification of its officers and directors. Nonetheless, under the Nevada Revised
Statutes, a director or officer is not liable for damages resulting from an act or a failure to act in his or her capacity as a
director or officer unless it is proved that the act or failure

 

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was (1) a breach of his or her fiduciary
duties as a director or officer, and (2) involved intentional misconduct, fraud, or a knowing violation of law.

 

6.2Indemnification.

 

(a)               
the Company will indemnify Director to the fullest extent permitted under applicable law if Director was or is a party or
threatened to be made a party to any threatened, pending or completed action, suit or proceeding of any kind, whether civil, criminal,
administrative or investigative and whether formal or informal (including actions by or in the right of the Company and any preliminary
inquiry or claim by any person or authority), by reason of the fact that Director is or was a director, officer, partner, trustee,
employee or agent of the Company or is or was serving at the Company’s request as a director, officer, employee or agent
of another corporation (including a Subsidiary), limited liability company, partnership, joint venture, trust, employee benefit
plan or other enterprise, whether or not for profit, or by reason of anything done or not done by Director in any such capacity
(collectively, “Covered Matters”). Such indemnification will cover all Expenses (as defined in paragraph 6.5(a)
below), liabilities, judgments (including punitive and exemplary damages), penalties, fines (including excise taxes relating to
employee benefit plans and civil penalties) and amounts paid in settlement that are incurred or imposed upon Director in connection
with a Covered Matter (collectively, “Indemnified Amounts”).

 

(b)              
Director will be indemnified for all Indemnified Amounts and the Company will defend Director against claims (including
threatened claims and investigations) in any way related to Director’s service as a director including claims brought by
or on behalf of the Company or any Subsidiary, except if it is finally determined by the court of last resort (or by a lower court
if not timely appealed) that (1) the payment is prohibited by applicable law or (2) Director engaged in intentional misconduct
for the primary purpose of significant personal financial benefit through actions adverse to the Company’s and its shareholders’
best interests. As used in this Agreement, (1) “intentional misconduct” will not include violations of disclosure or
reporting requirements of federal securities laws or a breach of fiduciary duties (including duties of loyalty or care) if Director
relied on advice of counsel to the Company, or otherwise reasonably believed that there was no violation of such requirements or
breach of fiduciary duty; and (2) “significant personal financial benefit” will not include compensation or employee
benefits for past or prospective services to the Company or the Company’s successor or in connection with an agreement not
to compete or similar agreement, or any benefit received by directors or officers or shareholders of the Company generally.

 

(c)               
If Director is entitled under this Agreement to indemnification for less than all of the amounts incurred by Director in
connection with a Covered Matter, the Company will indemnify Director for the indemnifiable amount.

 

6.3Claims for Indemnification.
Director will give the Company written notice of any claim for indemnification under this Agreement. Payment requests will include
a

 

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schedule setting forth in reasonable detail
the amount requested and will be accompanied (or, if necessary, followed) by copies of the relevant invoice or other documentation.
Upon the Company’s request, Director will provide the Company with a copy of the document or pleading, if any, notifying
Director of the Covered Matter. To the extent practicable, the Company will pay Indemnified Amounts directly without requiring
Director to make any prior payment.

 

6.4Determination
of Right to Indemnification.

 

(a)Director will be presumed
to be entitled to indemnification under this Agreement and will receive such indemnification, subject to paragraph 6.4(b) below,
irrespective of whether the Covered Matter involves allegations of intentional misconduct, alleged violations of Section 16(b)
of the Securities Exchange Act of 1934, alleged violations of Section 10(b) of Securities Exchange Act of 1934 (including Rule
10b-5 thereunder), breach of Director’s fiduciary duties (including duties of loyalty or care) or any other claim.

 

(b)If, in the opinion
of counsel to the Company, applicable law permits indemnification in a Covered Matter only as authorized in the specific case upon
a determination that indemnification is proper in the circumstances because Director has met a standard of conduct established
by applicable law, and upon an evaluation of Indemnification Amounts to be paid in connection with such Covered Matter, the following
will apply:

 

(1)              
the Company will give Director notice that a determination and evaluation will be made under this paragraph 6.4(b); such
notice will be given immediately after receipt of counsel’s opinion that such a determination and evaluations necessary and
will include a copy of such opinion.

 

(2)              
Such determination and evaluation will be made in good faith, as follows:

 

(A)            
by a majority vote of a quorum of the Company’s Board of Directors who are not parties or threatened to be made parties
to the Covered Matter in question (“Disinterested Directors”) or, if such a quorum is not obtainable, by a majority
vote of a committee of Disinterested Directors who are selected by the Board; or

 

(B)             
by an attorney or firm of attorneys, having no previous relationship with the Company or Director, which is selected by
the Company and Director; or

 

(C)             
by all independent directors of the Company who are not parties or threatened to be made parties to the Covered Matter.

 

(3)              
Director will be entitled to a hearing before the entire Board of Directors of the Company and any other person or persons
making the

 

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determination and evaluation under clause (2)
above. Director will be entitled to be represented by counsel at such hearing.

 

(4)              
The cost of a determination and evaluation under this paragraph 6.4(b) (including attorneys’ fees and other expenses
incurred by Director in preparing for and attending the hearing contemplated by clause (3) above and otherwise in connection with
the determination and evaluation under this paragraph 6.4(b)) will be borne by the Company.

 

(5)              
The determination will be made as promptly as possible after final adjudication of the Covered Matter.

 

(6)              
Director will be presumed to have met the required standard of conduct under this Section 6.4(b) unless it is clearly demonstrated
to the determining body that Director had not met the required standard of conduct.

 

6.5Advance
of Expenses.

 

(a)Before final adjudication
of a Covered Matter, upon Director’s request pursuant to paragraph 6.3 above, the Company will promptly either advance Expenses
directly or reimburse Director for all Expenses. As used in this Agreement, “Expenses” means all costs and expenses
(including attorneys’ fees, expert fees, other professional fees and court costs) incurred by Director in connection with
a Covered Matter other than judgments, penalties, fines and settlement amounts.

 

(b)If, in the opinion
of counsel to the Company, applicable law permits advancement of Expenses only as authorized in the specific case upon a determination
that Director has met a standard of conduct established by applicable law, the determination will be made at the Company’s
cost, in good faith and as promptly as possible after Director’s request, in accordance with clauses (1) through (4) and
(6) of paragraph 6.4(b) above. Because of the difficulties inherent in making any such determination before final disposition of
the Covered Matter, to the extent permitted by law such advance will be made if (1) the facts then known to those persons making
the determination, without conducting a formal independent investigation, would not preclude advancement of Expenses under applicable
law and (2) Director submits to the Company a written affirmation of Director’s belief that Director has met the standard
of conduct necessary for advancement of Expenses under the circumstances.

 

(c)Director will repay
any Expenses that are advanced under this paragraph 6.5 if it is ultimately determined, in a final, non-appealable judgment rendered
by the court of last resort (or by a lower court if not timely appealed), that Director is not entitled to be indemnified against
such Expenses. This undertaking by Director is an unlimited general undertaking but no security for such undertaking will be required.

 

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6.6Defense
of Claim.

 

(a)Except as provided
in paragraph 6.6(c) below, the Company, jointly with any other indemnifying party, will be entitled to assume the defense of any
Covered Matter as to which Director requests indemnification.

 

(b)Counsel selected by
the Company to defend any Covered Matter will be subject to Director’s advance written approval, which will not be unreasonably
withheld.

 

(c)Director may employ
Director’s own counsel in a Covered Matter and be fully reimbursed therefore if (1) the Company approves, in writing, the
employment of such counsel or (2) either (A) Director has reasonably concluded that there may be a conflict of interest between
the Company and Director or between Director and other parties represented by counsel employed by the Company to represent Director
in such action or (B) the Company has not employed counsel reasonably satisfactory to Director to assume the defense of such Covered
Matter promptly after Director’s request.

 

(d)              
Neither the Company nor Director will settle any Covered Matter without the other’s written consent, which will not
be unreasonably withheld.

 

(e)               
If Director is required to testify (in court proceedings, depositions, informal interviews or otherwise), consult with counsel,
furnish documents or take any other reasonable action in connection with a Covered Matter, the Company will pay Director a fee
for Director’s efforts at a rate equal to the amount payable to Director for attending Board and Board committee meetings,
plus reimbursement for all reasonable expenses incurred by Director in connection therewith.

 

6.7D&O
Insurance. The parties will cooperate to obtain advances of Expenses, indemnification payments and consents from D&O Insurance
carriers in any Covered Matter to the full extent of applicable D&O Insurance. The existence of D&O Insurance coverage
will not diminish or limit the Company’s obligation to make indemnification payments to Director. Amounts paid directly to
Director with respect to a Covered Matter by the Company’s D&O Insurance carriers will be credited to the amounts payable
by the Company to Director under this Agreement.

 

6.8Limitations of
Actions; Limitation of Liability. No action will be brought by or on behalf of the Company against Director or Director’s
heirs or personal representatives relating to Director’s service as a director, after the expiration of one year from the
date Director ceases (for any reason) to serve as a Director of the Company, and any claim or cause of action of the Company will
be extinguished and deemed released unless asserted by the filing of a legal action before the expiration of such period.

 

6.9Rights Not Exclusive.
The Indemnification provided to Director under this Agreement will be in addition to any indemnification provided to Director by
law,

 

      Page 7 of 10

     

    

agreement, Board resolution, provision of the
Articles of Incorporation or Bylaws of the Company or otherwise.

 

6.10Subrogation.
Upon payment of any Indemnified Amount under this Agreement, the Company will be subrogated to the extent of such payment to all
of Director’s rights of recovery therefore and Director will take all reasonable actions requested by the Company (at no
cost or penalty to Director) to secure the Company’s rights under this paragraph 11 including executing documents.

 

6.11Continuation
of Indemnity. All of the Company’s obligations under this Agreement will continue as long as Director is subject to any
actual or possible Covered Matter, notwithstanding Director’s termination of service as a director.

 

VII.MISCELLANEOUS

 

7.1 Assignment.
Except as expressly permitted by this Agreement, neither party shall assign, delegate, or otherwise transfer any of its rights
or obligations under this Agreement without the prior written consent of the other party. Subject to the foregoing, this Agreement
will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors
and assigns.

 

7.2 No
Waiver. The failure of any party to insist upon the strict observance and performance of the terms of this Agreement shall
not be deemed a waiver of other obligations hereunder, nor shall it be considered a future or continuing waiver of the same terms.

 

7.3 Notices.
Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given
as indicated: (i) by personal delivery when delivered personally; (ii) by overnight courier upon written verification
of receipt; or (iii) by facsimile transmission upon acknowledgment of receipt of electronic transmission. Notice shall be
sent to the addresses set forth below or such other address as either party may specify in writing.

 

	 	To the Company:	 	Grey Cloak Tech Inc.
	 	 	 	10300 W. Charleston
	 	 	 	Las Vegas, NV 89135
	 	 	 	Attn: Fred Covely
	 	 	 	Facsimile: (253) 679-9194
	 	 	 	 
	 	with a copy to:	 	Clyde Snow & Sessions, PC
	 	 	 	201 S. Main Street, 13th Floor
	 	 	 	Salt Lake City, UT 84111
	 	 	 	Attn: Brian A. Lebrecht
	 	 	 	Facsimile: (801) 521-6280

 

      Page 8 of 10

     

    

	 	To the Director:	 	Brian J. Dunn
	 	 	 	5 Circle East
	 	 	 	Edina, MN 55436
	 	 	 	Email: brian@thedunngroup.com

 

7.4 Choice
of Law and Venue. This Agreement and the rights of the Parties hereunder shall be governed by and construed in accordance with
the laws of the State of Nevada including all matters of construction, validity, performance, and enforcement and without giving
effect to the principles of conflict of laws. Any action brought by any Party hereto shall be brought within the State of Nevada,
County of Clark.

 

7.5 Severability.
Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity
and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.

 

7.6 Entire
Agreement. Except as provided herein, this Agreement, including exhibits, contains the entire agreement of the Parties,
and supersedes all existing negotiations, representations, or agreements and all other oral, written, or other communications between
them concerning the subject matter of this Agreement. There are no representations, agreements, arrangements, or understandings,
oral or written, between and among the Parties hereto relating to the subject matter of this Agreement that are not fully expressed
herein. The terms of this Agreement will govern all Director Services undertaken by Director for the Company.

 

7.7 Amendments.
This Agreement may only be amended, modified or changed by an agreement signed by the Company and Director. The terms contained
herein may not be altered, supplemented or interpreted by any course of dealing or practices.

 

7.8 Captions.
The captions in this Agreement are inserted only as a matter of convenience and for reference and shall not be deemed to define,
limit, enlarge, or describe the scope of this Agreement or the relationship of the Parties, and shall not affect this Agreement
or the construction of any provisions herein.

 

7.9 Modification. No change,
modification, addition, or amendment to this Agreement shall be valid unless in writing and signed by all Parties hereto.

 

7.10 Attorneys Fees. Except as
otherwise provided herein, if a dispute should arise between the Parties including, but not limited to arbitration, the prevailing
Party shall be reimbursed by the non-prevailing Party for all reasonable expenses incurred in resolving such dispute, including
reasonable attorneys’ fees.

 

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

 

      Page 9 of 10

     

    

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

 

	“Company”	“Director”
	 	 
	Grey Cloak Tech Inc.,	 
	a Nevada corporation	 
	 	 
	 	 
	/s/ Fred Covely                                         	/s/ Brian J. Dunn                                         
	By:Fred Covely	Brian J. Dunn
	Its:President	 

 

      Page 10 of 10

     

    

EXHIBIT A

 

Warrants

 

 

 

 

 

 

 

 

 

 

    A

     

    

EXHIBIT B

 

Current Affiliations

 

 

 

 

 

 

 

 

    B

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