Document:

Exhibit 10.20

 

DIRECTOR
AGREEMENT

 

THIS DIRECTOR AGREEMENT is made effective
as of February 1, 2018 (the “Agreement”), Blockchain Industries, Inc., a Nevada corporation with its
principal place of business at 53 Calle Palmeras, Suite 802, San Juan, PR 00901 (the “Company”), and
Max Robbins (“Director”).

 

WHEREAS, it is essential to the Company
to retain and attract as directors the most capable persons available to serve on the board of directors of the Company (the “Board”);
and

 

WHEREAS, the Company believes that
Director possesses the necessary qualifications and abilities to serve as a director of the Company and to perform the functions
and meet the Company’s needs related to its Board,

 

NOW, THEREFORE, in consideration
of the mutual promises contained herein, the benefits to be derived by each party hereunder and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.              
Term. The Director shall hold office until such time that such Director’s successor is duly elected and qualified,
or until such Director’s death or removal from office. The Director will be automatically removed from the Board if such
Director resigns his office by writing delivered to the Board, becomes prohibited by law from acting as a director or commits a
material breach of this Agreement pursuant to Section 7 below.

 

2.              
Compensation and Expenses.

 

a.     
Stock Option. For the services provided to the Company as a director, the Director shall receive a non-qualified
stock option (“Option”) to purchase up to One Hundred Twenty Thousand (120,000) shares of the Company’s
common stock (“Option Shares”), pursuant and subject to the Company’s Equity Incentive Plan, at
the following exercise prices and vesting schedule:

 

	Exercise Price	Quantity Vested	Vesting Date	Expiration Date
	$1.00	40,000	6/1/2018	12/31/2023
	$1.00	40,000	6/1/2019	12/31/2023
	$1.00	40,000	6/31/2020	12/31/2023

 

In the event of the termination of
the Director’s service relationship (whether an as employee, director or consultant) with the Company (“Termination
of Service”) at any time for any reason (including, but not limited to, resignation, withdrawal, death, disability,
termination, with or without cause, or any other reason) before the Director has exercised the Option in full, the Option shall
automatically expire, and cease to be exercisable immediately, with respect to all of the Option Shares, whether vested or unvested.
It being understood and agreed that in no event will the Option become exercisable for additional Options Shares upon a Termination
of Service for any reason and such outstanding and unexercised Option shall immediately lapse and Director shall have no further
rights with respect to it.

 

b.    
Expenses. Upon submission of appropriate receipts, invoices or vouchers as may be reasonably required by the Company,
the Company will reimburse Director for all reasonable out-of-pocket travel expenses incurred in connection with the performance
of Director’s duties under this Agreement.

 

c.     
Taxes. The Director acknowledges that the exercise, transfer or other disposition of the Option may give rise to
significant U.S. income tax consequences. Under Section 83 of the Internal Revenue Code and Treas. Reg. section 1.83-7(b), upon
the exercise of the Option, the Director will recognize taxable ordinary income equal to the difference between the fair market
value of the common stock, determined as of the exercise date, and the Option exercise price. When the Director sells the common
stock, the Director will recognize taxable gain or loss (long-term if the Director held the common stock for more than one year;
otherwise, short-term) equal to the difference between the amount the Director receives from the sale and the tax basis of the
common stock sold. If the Company, in its discretion, determines that it is obligated to withhold any tax in connection with the
exercise of the Option, or in connection with the transfer of any common stock acquired pursuant to the Option, the Director hereby
agrees that the Company may withhold from the Director’s compensation or other remuneration the appropriate amount of tax.
At the discretion of the Company, the amount required to be withheld may be withheld in cash from such compensation or other remuneration
or in kind from the common stock otherwise deliverable to the Director on exercise of this option. The Director further agrees
that, if the Company does not withhold an amount from the Director’s compensation or other remuneration sufficient to satisfy
the withholding obligation of the Company, the Director will make reimbursement on demand, in cash, for the amount underwithheld.

 

 

 

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3.              
Market Stand-Off Agreement. In the event of a public or private offering of the Company’s securities and upon
request of the Company, the underwriters or placement agents placing the offering of the Company’s securities, the Director
agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any of the Option
Shares other than those included in the registration, without the prior written consent of the Company or such underwriters, as
the case may be, for such period of time from the effective date of such registration as may be requested by the Company or such
placement agent or underwriter.

 

4.              
Confidential Information. The Director recognizes and acknowledges that the Director will have access to Confidential
Information (as defined below) relating to the business or interests of the Company or of persons with whom the Company may have
business relationships. The Director agrees that both during and after his time as a director of the Company, the Director will
not use for the Director’s own, or for another’s benefit, or disclose or permit the disclosure of any confidential
information relating to the Company, including without limitation any information about the deliberations of the Board. The term
“Confidential Information” means any non-public information that relates to the actual or anticipated
business and/or products, research or development of the Company, its affiliates or subsidiaries, or to the Company’s, its
affiliates’ or subsidiaries’ technical data, trade secrets, or know-how, including, but not limited to, research, product
plans, or other information regarding the Company’s, its affiliates’ or subsidiaries’ products or services and
markets therefor, customer lists and customers, prospective customers, software, developments, inventions, processes, methodologies,
algorithms, know-how, procedures, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing,
finances, business plans, vendor relationships, passwords, encryption coding, search technology, analytics, transaction data, ledgers,
and other business information disclosed by the Company, its affiliates or subsidiaries, either directly or indirectly, in writing,
orally or by drawings or inspection of premises, parts, equipment, programs, formulas, ledgers or other property of Company, its
affiliates or subsidiaries. The Director also agrees during his appointment that he will not, other than for the benefit of the
Company and in connection with his service as a director, make any notes, memoranda, electronic records, tape records, films, photographs,
plans, drawings or any form of record relating to any matter within the scope of the business or concerning the dealings or affairs
of the Company and will return any such items at any time at the request of the Board. The Director confirms that he has notified
the Board in writing of all other directorships, appointments and interests, including any directorship, appointment or interest
in a company, business or undertaking which competes or is likely to compete with the Company or which could otherwise potentially
give rise to a conflict with his duties with the Company.

 

5.              
Duties, Time and Commitment. The Director shall use reasonable best efforts to attend all convened meetings of the
Board. During the continuance of the Director’s appointment, the Director will be expected to: (i) faithfully, efficiently,
competently and diligently perform his duties and exercise such powers as are appropriate to his role as a director; (ii) in so
far as reasonably possible, attend all meetings of the Board and of any committees of the Board of which he is a member; (iii)
comply with all reasonable requests, instructions and regulations made or given by the Board (or by any duly authorized committee
thereof) and give to the Board such explanations, information and assistance the Board may reasonably require; (iv) act in the
best interests of the Company; and (v) use commercially reasonable efforts to promote and extend the interests and reputation of
the Company, including assisting the Board in relation to public and corporate affairs and bringing to bear for the benefit of
the Board the Director’s particular knowledge and experience.

 

6.              
Business Opportunities & Conflicts Disclosure. The Company acknowledges and agrees that the Director should be
permitted to engage in, acquire or invest in the same or similar activities or lines of business involving the provision of services
or products with respect to digital assets, cryptocurrency, alternative distribution ledgers and/or blockchain technologies (each,
a “Business Opportunity”), provided that the Director fully complies with and adheres to the following
advance notice, standards of conduct and Disqualified Business Opportunity (as hereinafter defined) restrictions:

 

a.     
Business Opportunity Notice. Within ten (10) business days of the Director’s appointment to the Board, the
Director shall inform the Board of any held (direct or indirect) personal interests which may conflict with the Company and its
businesses. In the event that the Director becomes aware of a Business Opportunity, the Director shall notify the Company in writing
of such opportunity (a “Disclosed Business Opportunity”) and deliver to the Company, or provide the Company
access to, all information prepared by or on behalf of, or material information submitted or delivered to, the Director related
to such potential transaction (the “Business Opportunity Notice”). Following the expiration of the thirty-
(30-)-day period (“Business Opportunity Notice Period”) after receipt of such Business Opportunity Notice,
the Company shall be deemed to have renounced any interest or expectancy in the Disclosed Business Opportunity and the Director
may pursue the Disclosed Business Opportunity, provided that the Disclosed Business Opportunity is conducted by the Director in
accordance with the standard set forth in Section 6.c. below and that the Disclosed Business Opportunity is not a Disqualified
Business Opportunity. The Company shall not be prohibited from pursuing any Business Opportunity with respect to which it is deemed
to have renounced any interest or expectancy as a result of this Section 6.

 

 

 

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b.    
Disqualified Business Opportunity. During the term of this Agreement and for a period of twelve (12) months after
the Director ceases to be a Director of the Company, the Director shall not shall not, directly or indirectly, pursue, become engaged
in or have any ownership interest or become associated with in any Person (as hereinafter defined) which directly or indirectly
pursues or becomes engaged in any Business Opportunity that (i) is first presented to the Director solely in his capacity as a
director or officer of the Company or its affiliates or (ii) is identified by the Director solely through the disclosure of information
by or on behalf of the Company or its affiliates (each such Business Opportunity referred to in clauses (i) and (ii), a “Disqualified
Business Opportunity”). The Director acknowledges that the foregoing restrictions and time limitations with respect
to a Business Opportunity and Disqualified Business Opportunity are reasonable and properly required for the adequate protection
of the business interests of the Company.

 

c.     
Standards for Separate Conduct of Disclosed Business Opportunity. The Director may pursue a Disclosed Business Opportunity
following the expiration Business Opportunity Notice Period if such Disclosed Business Opportunity is developed and pursued solely
through the use of personnel and assets of the Director or jointly with the personnel and assets of any other “Person(s)”
(as hereinafter defined), provided that such Person(s) does not owe any fiduciary or other duty to the Company. “Person”
means an individual, corporation, partnership, limited liability company, trust, joint venture, unincorporated organization or
other legal or business entity.

 

7.              
Termination for Material Breach. The Director’s service on the Board may be terminated by the Company pursuant
to the provision of written notice to the Director under Section 17 below in the event of a material breach by the Director of
any of the provisions of this Agreement, including but not limited to Section 6 above; provided however, that the Director
shall have been given reasonable notice and an opportunity to promptly cure any such event of a material breach (unless the event
cannot be cured).

 

8.              
Insurance. The Company agrees to use commercially reasonable efforts to procure and maintain an insurance policy
or policies providing directors’ and officers’ liability insurance. Director shall be covered by such policy or policies,
in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors
or officers. The Director acknowledges that as of the date of this Agreement, the Company has not yet obtained directors’
and officers’ liability insurance coverage.

 

9.              
Limitation of Liability; Right to Indemnification. The Company shall indemnify the Director in his capacity as director
of the Company to the fullest extent permitted by applicable law against all debts, judgments, costs, charges or expenses incurred
or sustained by the Director in connection with any action, suit or proceeding to which the Director may be made a party by reason
of his being or having been a director of the Company. The Company shall have the right to assume, with legal counsel of its choice,
the defense of Director in any such action, suit or proceeding for which the Company is providing indemnification to Director.
Should Director determine to employ separate legal counsel in any such action, suit or proceeding, any costs and expenses of such
separate legal counsel shall be the sole responsibility of Director. If the Company does not assume the defense of any such action,
suit or other proceeding, the Company shall, upon request of the Director, promptly advance or pay any amount for costs or expenses
(including, without limitation, the reasonable legal fees and expenses of counsel retained by Director) incurred by Director in
connection with any such action, suit or proceeding. The Company shall not be obligated to indemnify Director against any actions
that constitute, in the reasonable discretion of the Board of Directors, an act of gross negligence or willful misconduct or contrary
to the general indemnification provisions of the Nevada Revised Statutes or the Company’s certificate of incorporation or
bylaws.

 

10.           
Remedies. The Director agrees that any breach of the terms of Section 3 and Section 6 of this Agreement would result
in irreparable injury and damage to the Company for which the Company would have no adequate remedy at law; the Director therefore
also agrees that in the event of said breach or any threat of breach, the Company shall be entitled to an immediate injunction
and restraining order to prevent such breach and/or threatened breach and/or continued breach by the Director and/or any and all
entities acting for and/or with the Director, without having to prove damages or paying a bond, in addition to any other remedies
to which the Company may be entitled at law or in equity. The terms of this paragraph shall not prevent the Company from pursuing
any other available remedies for any breach or threatened breach hereof, including, but not limited to, the recovery of damages
from the Director. The Director acknowledges that the Company would not have entered into this Agreement had the Director not agreed
to the provisions of this Section 8.

 

 

 

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11.           
Amendments and Waiver. No supplement, modification or amendment of this Agreement will be binding unless executed
in writing by both parties. No waiver of any provision of this Agreement on a particular occasion will be deemed or will constitute
a waiver of that provision on a subsequent occasion or a waiver of any other provision of this Agreement.

 

12.           
Binding Effect. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties
and their respective successors and assigns.

 

13.           
Severability. The provisions of this Agreement are severable, and any provision of this Agreement that is held by
a court of competent jurisdiction to be invalid, void, or otherwise unenforceable in any respect will not affect the validity or
enforceability of any other provision of this Agreement.

 

14.           
Arbitration. Any disputes arising from this Agreement not resolved by the parties in a good faith, timely manner
shall be arbitrated within Los Angeles County, California under the rules and procedures of the American Arbitration Association.
Attorney fees and costs are to be awarded to the prevailing party.

 

15.           
Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State
of Nevada applicable to contracts made and to be performed in that state without giving effect to the principles of conflicts of
laws.

 

16.           
Entire Agreement. This Agreement constitutes the entire understanding between the parties with respect to the subject
matter hereof, superseding all negotiations, prior discussions and prior agreements and understanding relating to such subject
matter.

 

17.           
Notices. Every notice relating to this Agreement shall be in writing and shall be given by personal delivery or by
registered or certified mail, postage prepaid, return receipt requested; to:

 

If to the Company, to:

53 Calle Palmeras

Suite 802

San Juan, PR 00901

Attention: President

 

If to the Director, to the address
for notice on the signature page to this Agreement or, if no such address is provided, to the last address of the Director provided
by the Director to the Company.

 

Either of the parties may change their address for purposes
of notice hereunder by giving notice in writing to such other party pursuant to this Section 16.

 

18.           
Miscellaneous. This Agreement may be executed by the Company and Director in any number of counterparts, each of
which shall be deemed an original instrument, but all of which together shall constitute but one and the same instrument. Any party
may execute this Agreement by facsimile signature and the other party will be entitled to rely on such facsimile signature as evidence
that this Agreement has been duly executed by such party.

 

19.           
Definitions. As used in this Agreement, the following definitions shall apply:

 

	 	a.	The “Board” shall have the meaning set forth in the preamble.

 

	 	b.	“Business Opportunity” shall have the meaning set forth in Section 6.

 

	 	c.	“Business Opportunity Notice” shall have the meaning set forth in Section 6.

 

	 	d.	“Business Opportunity Notice Period” shall have the meaning set forth in Section 6.

 

 

 

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	 	e.	“Company” shall have the meaning set forth in the preamble.

 

	 	f.	“Confidential Information” shall have the meaning set forth in Section 4.

 

	 	g.	“Dollars” and the sign “$” mean the lawful money of the United States of America.

 

	 	h.	“Director” shall have the meaning set forth in the preamble.

 

	 	i.	“Disqualified Business Opportunity” shall have the meaning set forth in Section 6.

 

	 	j.	“Option” shall have the meaning set forth in Section 2.

 

	 	k.	“Option Shares” shall have the meaning set forth in Section 2.

 

	 	l.	“Termination of Service” shall have the meaning set forth in Section 2.

 

	 	m.	“Person(s)” shall have the meaning set forth in Section 6.

 

 

 

 

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The Parties have executed this Agreement
as of the date first written above.

 

	Director	BLOCKCHAIN INDUSTRIES, INC.
	 	 
	By: /s/ Max Robbins	By: /s/ Patrick Moynihan
	 	 
	Name:  Max Robbins	Name:  Patrick Moynihan
	 	Title:  CEO
	Address for Notice:	 
	_______________________	 
	_______________________	 

 

 

 

 

 

 

 

 

 

 

    	 	6Exhibit 10.21

 

BLOCKCHAIN INDUSTRIES, INC.

 

CONSULTING AGREEMENT

 

This Consulting Agreement
(this “Agreement”) is made and entered into as of December 1, 2017 (the “Effective Date”)
by and between Blockchain Industries, Inc., a Nevada corporation with its principal place of business at 53 Calle Palmeras, Suite
802, San Juan, PR 00901 (the “Company”), and Sagacious Gambit, Inc. (“Consultant”)
(each herein referred to individually as a “Party,” or collectively as the “Parties”).

 

The Company desires
to retain Consultant as an independent contractor to perform the services of Controller for the Company, and Consultant
is willing to perform such services, on the terms described below. In consideration of the mutual promises contained herein, the
Parties agree as follows:

 

1.               
Services and Compensation

 

Consultant shall perform
the services described in Exhibit A (the “Services”) for the Company (or its designee), and
the Company agrees to pay Consultant the compensation described in Exhibit A, and no other compensation, for Consultant’s
performance of the Services.

 

2.               
Applicability to Past Activities

 

Consultant agrees that
if and to the extent that Consultant provided any services or made efforts on behalf of or for the benefit of Company, or related
to the current or prospective business of Company in anticipation of Consultant’s involvement with the Company, that would
have been “Services” if performed during the term of this Agreement (the “Prior Consulting Period”)
and to the extent that during the Prior Consulting Period: (i) Consultant received access to any information from or on behalf
of Company that would have been “Confidential Information” (as defined below) if Consultant received access to such
information during the term of this Agreement; or (ii) Consultant conceived, created, authored, invented, developed or reduced
to practice any item (including any intellectual property rights with respect thereto) on behalf of or for the benefit of Company,
or related to the current or prospective business of Company in anticipation of Consultant’s involvement with Company, that
would have been an “Invention” (as defined below) if conceived, created, authored, invented, developed or reduced to
practice during the term of this Agreement; then any such information shall be deemed “Confidential Information” hereunder
and any such item shall be deemed an “Invention” hereunder, and this Agreement shall apply to such activities, information
or item as if disclosed, conceived, created, authored, invented, developed or reduced to practice during the term of this Agreement.
Consultant further acknowledges that Consultant has been fully compensated for all services provided during any such Prior Consulting
Period.

 

3.               
Confidentiality

 

A.             
Definition of Confidential Information. “Confidential Information” means any non-public
information that relates to the actual or anticipated business and/or products, research or development of the Company, its affiliates
or subsidiaries, or to the Company’s, its affiliates’ or subsidiaries’ technical data, trade secrets, or know-how,
including, but not limited to, research, product plans, or other information regarding the Company’s, its affiliates’
or subsidiaries’ products or services and markets therefor, customer lists and customers (including, but not limited to,
customers of the Company on whom Consultant called or with whom Consultant became acquainted during the term of this Agreement),
software, developments, inventions, processes, methodologies, know-how, procedures, formulas, technology, designs, drawings, engineering,
hardware configuration information, marketing, finances, and other business information disclosed by the Company, its affiliates
or subsidiaries, either directly or indirectly, in writing, orally or by drawings or inspection of premises, parts, equipment,
or other property of Company, its affiliates or subsidiaries. Notwithstanding the foregoing, Confidential Information shall not
include any such information which Consultant can establish (i) was publicly known or made generally available prior to the time
of disclosure to Consultant; (ii) becomes publicly known or made generally available after disclosure to Consultant through no
wrongful action or inaction of Consultant; or (iii) is in the rightful possession of Consultant, without confidentiality obligations,
at the time of disclosure as shown by Consultant’s then-contemporaneous written records.

 

 

 

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B.              
Nonuse and Nondisclosure. During and after the term of this Agreement, Consultant will hold in the strictest
confidence, and take all reasonable and necessary precautions to prevent any unauthorized use or disclosure of Confidential Information,
and Consultant will not (i) use the Confidential Information for any purpose whatsoever other than as necessary for the performance
of the Services on behalf of the Company, or (ii) disclose the Confidential Information to any third party without the prior
written consent of an authorized representative of Company. Consultant may disclose Confidential Information to the extent compelled
by applicable law; provided however, prior to such disclosure, Consultant shall provide prior written notice to Company
and seek a protective order or such similar confidential protection as may be available under applicable law. Consultant agrees
that no ownership of Confidential Information is conveyed to the Consultant. Without limiting the foregoing, Consultant shall not
use or disclose any Company property, intellectual property rights, trade secrets or other proprietary know-how of the Company
to invent, author, make, develop, design, or otherwise enable others to invent, author, make, develop, or design identical or substantially
similar designs, processes, formulas, or software, as those developed under this Agreement for any third party. Consultant agrees
that Consultant’s obligations under this Section 3.B shall continue after the termination
of this Agreement.

 

C.              
Other Client Confidential Information. Consultant agrees that Consultant will not improperly use, disclose,
or induce the Company to use any proprietary information or trade secrets of any former or concurrent employer of Consultant or
other person or entity with which Consultant has an obligation to keep in confidence. Consultant also agrees that Consultant will
not bring onto the Company’s premises or transfer onto the Company’s technology systems any unpublished document, proprietary
information, or trade secrets belonging to any third party unless disclosure to, and use by, the Company has been consented to
in writing by such third party.

 

D.             
Third Party Confidential Information. Consultant recognizes that the Company has received and in the future
will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to
maintain the confidentiality of such information and to use it only for certain limited purposes. Consultant agrees that at all
times during the term of this Agreement and thereafter, Consultant owes the Company and such third parties a duty to hold all such
confidential or proprietary information in the strictest confidence and not to use it or to disclose it to any person, firm, corporation,
or other third party except as necessary in carrying out the Services for the Company consistent with the Company’s agreement
with such third party.

 

4.               
Ownership

 

A.             
Assignment of Inventions. Consultant agrees that all right, title, and interest in and to any copyrightable
material, notes, records, drawings, designs, charts, graphs, data compilations, inventions, improvements, developments, discoveries
and trade secrets conceived, discovered, authored, invented, developed or reduced to practice by Consultant, solely or in collaboration
with others, during the term of this Agreement and arising out of, or in connection with, performing the Services under this Agreement
and any copyrights, patents, trade secrets, mask work rights or other intellectual property rights relating to the foregoing (collectively,
“Inventions”), are the sole property of the Company. Consultant also agrees to promptly make full written
disclosure to the Company of any Inventions and to deliver and assign (or cause to be assigned) and hereby irrevocably assigns
fully to the Company all right, title and interest in and to the Inventions without any compensation therefor.

 

B.              
Pre-Existing Materials. Subject to Section 4.A, Consultant agrees that
if, in the course of performing the Services, Consultant incorporates into any Invention or utilizes in the performance of the
Services any pre-existing invention, discovery, original works of authorship, development, improvements, trade secret, concept,
or other proprietary information or intellectual property right owned by Consultant or in which Consultant has an interest (“Prior
Inventions”), (i) Consultant will provide the Company with prior written notice and (ii) the Company is
hereby granted a nonexclusive, royalty-free, perpetual, irrevocable, transferable, worldwide license (with the right to grant and
authorize sublicenses) to make, have made, use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative
works of, display, perform, and otherwise exploit such Prior Inventions, without restriction, including, without limitation, as
part of or in connection with such Invention, and to practice any method related thereto. Consultant will not incorporate any invention,
improvement, development, concept, discovery, work of authorship or other proprietary information owned by any third party into
any Invention.

 

 

 

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C.              
Moral Rights. Any assignment to the Company of Inventions includes all rights of attribution, paternity, integrity,
modification, disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral
rights,” “artist’s rights,” “droit moral,” or the like (collectively, “Moral Rights”).
To the extent that Moral Rights cannot be assigned under applicable law, Consultant hereby waives and agrees not to enforce any
and all Moral Rights, including, without limitation, any limitation on subsequent modification, to the extent permitted under applicable
law.

 

D.             
Maintenance of Records. Consultant agrees to keep and maintain adequate, current, accurate, and authentic
written records of all Inventions made by Consultant (solely or jointly with others) during the term of this Agreement, and for
a period of three (3) years thereafter. The records will be in the form of notes, sketches, drawings, electronic files, reports,
or any other format that is customary in the industry and/or otherwise specified by the Company. Such records are and remain the
sole property of the Company at all times and upon Company’s request, Consultant shall deliver (or cause to be delivered)
the same.

 

E.              
Further Assurances. Consultant agrees to assist Company, or its designee, at the Company’s expense,
in every proper way to secure the Company’s rights in Inventions in any and all countries, including the disclosure to the
Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments
and all other instruments that the Company may deem necessary in order to apply for, register, obtain, maintain, defend, and enforce
such rights, and in order to deliver, assign and convey to the Company, its successors, assigns and nominees the sole and exclusive
right, title, and interest in and to all Inventions and testifying in a suit or other proceeding relating to such Inventions. Consultant
further agrees that Consultant’s obligations under this Section 4.E shall continue
after the termination of this Agreement.

 

F.              
Attorney-in-Fact. Consultant hereby irrevocably designates and appoints the Company and its duly authorized
officers and agents as Consultant’s agent and attorney-in-fact, to act for and on Consultant’s behalf to execute and
file any papers and oaths and to do all other lawfully permitted acts with respect to such Inventions to further the prosecution
and issuance of patents, copyright and mask work registrations with the same legal force and effect as if executed by Consultant,
effective if the Company is unable because of Consultant’s unavailability, dissolution, mental or physical incapacity, or
for any other reason, to secure Consultant’s signature with respect to any Inventions, including, without limitation, for
the purpose of applying for or pursuing any application for any United States or foreign patents or mask work or copyright registrations
covering the Inventions assigned to the Company in Section 4.A. This power of attorney shall
be deemed coupled with an interest, and shall be irrevocable.

 

5.               
Conflicting Obligations

 

A.             
Consultant represents and warrants that Consultant has no agreements, relationships, or commitments to any other person
or entity that conflict with the provisions of this Agreement, Consultant’s obligations to the Company under this Agreement,
and/or Consultant’s ability to perform the Services. Consultant will not enter into any such conflicting agreement during
the term of this Agreement.

 

B.               Consultant
shall require all Consultant’s employees, contractors, or other third-parties performing Services under this Agreement
to execute a Confidential Information and Assignment Agreement in the form provided by the Company, and promptly provide a
copy of each such executed agreement to the Company. Consultant’s violation of this Article 5 will
be considered a material breach under Section 8.B.

 

 

 

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6.               
Return of Company Materials

 

Upon the termination
of this Agreement, or upon Company’s earlier request, Consultant will immediately deliver to the Company, and will not keep
in Consultant’s possession, recreate, or deliver to anyone else, any and all Company property, including, but not limited
to, all records, drawings, notebooks, and other documents pertaining to any Confidential Information, tangible embodiments of the
Inventions, all devices and equipment belonging to the Company, all electronically-stored information and passwords to access such
property, those records maintained pursuant to Section 4.D and any reproductions of any
of the foregoing items that Consultant may have in Consultant’s possession or control.

 

7.               
Reports

 

Consultant agrees that
Consultant shall, no less than on a weekly basis, keep the Company advised as to Consultant’s progress in performing the
Services under this Agreement. Consultant further agrees that Consultant will, as requested by the Company, prepare written reports
with respect to such progress and any projects being worked on or implemented. The Company and Consultant agree that the reasonable
time expended in preparing such written reports will be considered time devoted to the performance of the Services.

 

8.               
Term and Termination

 

A.             
Term. The term of this Agreement will begin on the Effective Date of this Agreement and will continue until
the earlier of (i) the period defined in Exhibit A or (ii) termination as provided in Section 8.B.

 

B.              
Termination. The Company may terminate this Agreement upon giving Consultant five (5) days prior written notice
of such termination pursuant to Section 14.G of this Agreement. The Company may terminate this
Agreement immediately and without prior notice if Consultant refuses to or is unable to perform the Services or is in breach of
any material provision of this Agreement.

 

C.              
Survival. Upon any termination, all rights and duties of the Company and Consultant toward each other shall
cease except:

 

(1)            
The Company will pay, within thirty (30) days after the effective date of termination, all amounts owing to Consultant for
Services completed and accepted by the Company prior to the termination date and related reimbursable expenses, if any, submitted
in accordance with the Company’s policies and in accordance with the provisions of Article 1
of this Agreement; and

 

(2)            
Article 3 (Confidentiality), Article 4 (Ownership),
Section 5.B (Conflicting Obligations), Article 6
(Return of Company Materials), Article 8 (Term and Termination), Article 9
(Independent Contractor; Benefits), Article 10 (Indemnification), Article 11
(Noninterference), Article 12 (Limitation of Liability), Article 13
(Arbitration and Equitable Relief), and Article 14 (Miscellaneous) will survive termination
or expiration of this Agreement in accordance with their terms.

 

9.               
Independent Contractor; Benefits

 

A.             
Independent Contractor. It is the express intention of the Company and Consultant that Consultant perform
the Services as an independent contractor to the Company. Nothing in this Agreement shall in any way be construed to constitute
Consultant as an agent, employee, partner, co-venturer, or representative of the Company. Without limiting the generality of the
foregoing, Consultant is not authorized to bind the Company to any liability or obligation or to represent that Consultant has
any such authority. Consultant agrees to furnish (or reimburse the Company for) all tools and materials necessary to accomplish
this Agreement and shall incur all expenses associated with performance, except as expressly provided in Exhibit A.

 

B.              
Tax Matters. Consultant acknowledges that the exercise, transfer or other disposition of the Options more
fully described in Schedule A may give rise to significant U.S. income tax consequences. Consultant is urged to consult with her
own tax advisor to determine the effect of U.S. federal income tax laws, as well as applicable treaties, if any, with regard to
the Options. The following outlines certain U.S. federal income tax consequences applicable to nonqualified stock options. This
discussion is general in nature and is not a substitute for an individual analysis of the tax consequences relating to the Options.
The Company makes no representation or warranties with respect to the tax consequences of the compensation provided to Consultant
under the terms of this Agreement.

 

 

 

    	 	4	 

     

    

 

(1)            
U.S. Persons: Nonqualified stock options refer to options that are not required to meet specified criteria set forth
in Section 422 of the Internal Revenue Code (“Code”). With respect to U.S. citizens or residents (“U.S. Persons”),
the taxation of nonqualified stock options generally is governed by Section 83 of the Code. Nonqualified stock options generally
are not taxable upon grant, because they do not have a “readily ascertainable fair market value” within the meaning
Treasury Regulations Section 1.83-7(b). As such, nonqualified stock options generally will be taxed on exercise in amount equal
the spread between the fair market value of the underlying stock and the exercise price on the date the options are exercised.
The taxable amount is treated as ordinary income, and not eligible for the preferential long-term capital gains tax rate. An exception
will apply with respect to stock received on exercise of an option that is subject to a “substantial risk of forfeiture”
(meaning, the stock is not vested). The taxable event with respect options involving a substantial risk of forfeiture will occur
at the time of vesting of the underlying stock, and the associated tax will be based on the spread between the fair market value
of the underlying stock on the vesting date and the option exercise price. The taxable spread upon the exercise of an option by
service providers other than employees (including an independent contractor) is reported on IRS Form 1099-MISC, and withholding
of employment tax typically is not required in such case.

 

(2)            
Non-U.S. Persons. Individuals who are not considered to be U.S. citizens or residents are only subject to U.S. federal
income tax on income that is “effectively connected” (“ECI”) with a U.S. trade or business. Performing
services in the U.S. as an independent contractor, even for a single day, may constitute being engaged in a U.S. trade or business
for this purpose, and as such, may give rise to taxable ECI. That being the case, though, it is clear that the exercise of a nonqualified
stock option will not result in U.S. income taxation with respect to an independent contractor who does not perform any personal
services in the U.S. within the taxable year. In addition, many bilateral income tax treaties between the U.S. and other countries,
in dealing with the taxation of income from personal services, distinguish between “independent” (including an independent
contractor) and “dependent” (employment) personal services. Many tax treaties provide an exemption from U.S. income
taxation for compensation earned by an independent contractor provided that he/she is not present in the U.S. for more than a certain
number of (generally, 183) days in the taxable year.

 

(3)            
Consultant agrees and understands that he/she is responsible for payment, if any, of local, state, and/or federal taxes
on the payments and any other consideration provided hereunder by the Company and any penalties or assessments thereon. Consultant
agrees to indemnify and hold harmless the Company and its affiliates and their directors, officers and employees from and against
all taxes, losses, damages, liabilities, costs and expenses, including attorneys’ fees and other legal expenses, arising
from or in connection with (i) any obligation imposed on the Company to pay withholding taxes or similar items, (ii) any determination
by a court or agency that the Consultant is not an independent contractor. The parties will comply with all federal, state, and
local tax laws applicable to transactions occurring under this Agreement. Consultant will provide Company with a completed Form
W-9, applicable Form W-8 series form, or Form 8233, as appropriate, for federal income tax reporting purposes.

 

C.              
No Benefits. The Company and Consultant agree that Consultant will receive no Company-sponsored benefits from
the Company where benefits include, but are not limited to, paid vacation, sick leave, health and medical insurance and 401k participation
or other fringe benefit plans. If Consultant is reclassified by a state or federal agency or court as the Company’s employee,
Consultant will become a reclassified employee and will receive no benefits from the Company, except those mandated by state or
federal law, even if by the terms of the Company’s benefit plans or programs of the Company in effect at the time of such
reclassification, Consultant would otherwise be eligible for such benefits.

 

10.            
Indemnification

 

Consultant agrees to
indemnify and hold harmless the Company and its affiliates and their directors, officers and employees from and against all taxes,
losses, damages, liabilities, costs and expenses, including attorneys’ fees and other legal expenses, arising directly or
indirectly from or in connection with (i) any negligent, reckless or intentionally wrongful act of Consultant or Consultant’s
assistants, employees, contractors or agents, (ii) a determination by a court or agency that the Consultant is not an independent
contractor, (iii) any breach by the Consultant or Consultant’s assistants, employees, contractors or agents of any of
the covenants contained in this Agreement and corresponding Confidential Information and Invention Assignment Agreement, (iv) any
failure of Consultant to perform the Services in accordance with all applicable laws, rules and regulations, or (v) any violation
or claimed violation of a third party’s rights resulting in whole or in part from the Company’s use of the Inventions
or other deliverables of Consultant under this Agreement.

 

 

 

    	 	5	 

     

    

 

11.            
Nonsolicitation

 

To the fullest extent
permitted under applicable law, from the date of this Agreement until twelve (12) months after the termination of this Agreement
for any reason (the “Restricted Period”), Consultant will not, without the Company’s prior written
consent, directly or indirectly, solicit any of the Company’s employees to leave their employment, or attempt to solicit
employees of the Company, either for Consultant or for any other person or entity. Consultant agrees that nothing in this Article 11
shall affect Consultant’s continuing obligations under this Agreement during and after this twelve (12) month period, including,
without limitation, Consultant’s obligations under Article 3.

 

12.            
Limitation of Liability

 

IN NO EVENT SHALL COMPANY
BE LIABLE TO CONSULTANT OR TO ANY OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES,
OR DAMAGES FOR LOST PROFITS OR LOSS OF BUSINESS, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER BASED IN CONTRACT, TORT
(INCLUDING NEGLIGENCE) OR OTHER THEORY OF LIABILITY, REGARDLESS OF WHETHER COMPANY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES
AND NOTWITHSTANDING THE FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. IN NO EVENT SHALL COMPANY’S LIABILITY ARISING
OUT OF OR IN CONNECTION WITH THIS AGREEMENT EXCEED THE AMOUNTS PAID BY COMPANY TO CONSULTANT UNDER THIS AGREEMENT FOR THE SERVICES,
DELIVERABLES OR INVENTION GIVING RISE TO SUCH LIABILITY.

 

13.            
Arbitration and Equitable Relief

 

A.             
Arbitration. In consideration
of Consultant’s consulting relationship with the Company, its promise to arbitrate all disputes related to Consultant’s
consulting relationship with the Company and Consultant’s receipt of the compensation paid to Consultant by Company, at present
and in the future, Consultant agrees that any and all controversies, claims, or disputes with anyone (including Company and any
employee, officer, director, shareholder or benefit plan of the Company in their capacity as such or otherwise) arising out of,
relating to, or resulting from Consultant’s consulting relationship with the Company or the termination of Consultant’s
consulting relationship with the Company, including any breach of this Agreement, shall be subject to binding arbitration under
the Arbitration Rules set forth in N.Y. Civ. Prac. Law § 7501 et seq. (the “Rules”) and pursuant to New
York law. Consultant further understands that this Agreement to arbitrate also applies to any disputes that the Company may have
with Consultant.

 

B.              
Procedure. Consultant
agrees that any arbitration will be administered by Judicial Arbitration & Mediation Services, Inc. (“JAMS”)
pursuant to its EMPLOYMENT Arbitration Rules & Procedures (the “JAMS Rules”). Consultant agrees that the
arbitrator shall have the power to decide any motions brought by any party to the arbitration, including motions for summary judgment
and/or adjudication and motions to dismiss and demurrers, prior to any arbitration hearing. Consultant agrees that the arbitrator
shall issue a written decision on the merits. Consultant also agrees that the arbitrator shall have the power to award any remedies,
including attorneys' fees and costs, available under applicable law. Consultant agrees that the arbitrator shall administer and
conduct any arbitration in a manner consistent with the Rules, including the New York Civil Practice Law and Rules, and that the
arbitrator shall apply substantive and procedural New York law to any dispute or claim, without reference to rules of conflict
of law. To the extent that the JAMS Rules conflict with New York law, New York law shall take precedence. Consultant further agrees
that any arbitration under this agreement shall be conducted in New York County, New York.

 

 

 

    	 	6	 

     

    

 

C.              
Remedy. Except as provided
by the Rules, arbitration shall be the sole, exclusive and final remedy for any dispute between Consultant and the Company. Accordingly,
except as provided for by the Rules, neither Consultant nor the Company will be permitted to pursue court action regarding claims
that are subject to arbitration. Notwithstanding, the arbitrator will not have the authority to disregard or refuse to enforce
any lawful Company policy, and the arbitrator shall not order or require the Company to adopt a policy not otherwise required by
law which the Company has not adopted.

 

D.             
Availability of Injunctive Relief.
Either party may also petition the court for injunctive relief where either party alleges or claims a violation of any agreement
regarding trade secrets, or confidential information, or a breach of any duty not to engage in Conflicting Business Activity. In
the event either party seeks injunctive relief, the prevailing party shall be entitled to recover reasonable costs and attorneys’
fees.

 

E.              
Administrative Relief.
Consultant understands that this Agreement does not prohibit Consultant from pursuing an administrative claim with a local, state
or federal administrative body such as the Division of Human Rights, the Equal Employment Opportunity Commission, the National
Labor Relations Board, or the workers’ compensation board. This Agreement does, however, preclude Consultant from pursuing
court action regarding any such claim, except as permitted by law.

 

F.              
Voluntary Nature of Agreement.
Consultant acknowledges and agrees that he/she is executing this Agreement voluntarily and without any duress or undue influence
by the Company or anyone else. Consultant further acknowledges and agrees that he/she has carefully read this Agreement and that
Consultant has asked any questions needed for Consultant to understand the terms, consequences and binding effect of this Agreement
and fully understand it, including that Consultant is waiving his/her right to a jury trial. Finally, Consultant agrees
that he/she has been provided an opportunity to seek the advice of an attorney of Consultant’s choice before signing this
Agreement.

 

14.            
Miscellaneous

 

A.             
Governing Law; Consent to Personal Jurisdiction. This Agreement shall be governed by the laws of the State
of New York, without regard to the conflicts of law provisions of any jurisdiction. To the extent that any lawsuit is permitted
under this Agreement, the Parties hereby expressly consent to the personal and exclusive jurisdiction and venue of the state and
federal courts located in New York.

 

B.              
Assignability. This Agreement will be binding upon Consultant’s heirs, executors,
assigns, administrators, and other legal representatives, and will be for the benefit of the Company, its successors, and its assigns.
There are no intended third-party beneficiaries to this Agreement, except as expressly stated. Except as may otherwise be
provided in this Agreement, Consultant may not sell, assign or delegate any rights or obligations under this Agreement. Notwithstanding
anything to the contrary herein, Company may assign this Agreement and its rights and obligations under this Agreement to any successor
to all or substantially all of Company’s relevant assets, whether by merger, consolidation, reorganization, reincorporation,
sale of assets or stock, or otherwise.

 

 

 

 

    	 	7	 

     

    

 

C.              
Entire Agreement. This Agreement constitutes the entire agreement and understanding between the Parties with
respect to the subject matter herein and supersedes all prior written and oral agreements, discussions, or representations between
the Parties. Consultant represents and warrants that he/she is not relying on any statement or representation not contained in
this Agreement. To the extent any terms set forth in any exhibit or schedule conflict with the terms set forth in this Agreement,
the terms of this Agreement shall control unless otherwise expressly agreed by the Parties in such exhibit or schedule.

 

D.             
Headings. Headings are used in this Agreement for reference only and shall not be considered when interpreting
this Agreement.

 

E.              
Severability. If a court or other body of competent jurisdiction finds, or the Parties mutually believe, any
provision of this Agreement, or portion thereof, to be invalid or unenforceable, such provision will be enforced to the maximum
extent permissible so as to effect the intent of the Parties, and the remainder of this Agreement will continue in full force and
effect.

 

F.              
Modification, Waiver. No modification of or amendment to this Agreement, nor any waiver of any rights under
this Agreement, will be effective unless in a writing signed by the Parties. Waiver by the Company of a breach of any provision
of this Agreement will not operate as a waiver of any other or subsequent breach.

 

G.             
Notices. Any notice or other communication required or permitted by this Agreement to be given to a Party
shall be in writing and shall be deemed given (i) if delivered personally or by commercial messenger or courier service, (ii) when
sent by confirmed facsimile, or (iii) if mailed by U.S. registered or certified mail (return receipt requested), to the Party
at the Party’s address written below or at such other address as the Party may have previously specified by like notice.
If by mail, delivery shall be deemed effective three business days after mailing in accordance with this Section 14.G.

 

(1)         
If to the Company, to:

53 Calle Palmeras

Suite 802

San Juan, PR 00901

Attention: President

 

(2)            
If to Consultant, to the address for notice on the signature page to this Agreement or, if no such address is provided,
to the last address of Consultant provided by Consultant to the Company.

 

H.             
Attorneys’ Fees and Expenses. In any court action at law or equity that is brought by one of the Parties
to this Agreement to enforce or interpret the provisions of this Agreement, the prevailing Party will be entitled to reasonable
attorneys’ fees and expenses, in addition to any other relief to which that Party may be entitled.

 

I.                
Signatures. This Agreement may be signed in two counterparts, each of which shall be deemed an original, with
the same force and effectiveness as though executed in a single document.

 

(signature page follows)

 

 

 

    	 	8	 

     

    

 

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

 

	CONSULTANT	BLOCKCHAIN INDUSTRIES, INC.
	 	 
	By: /s/ Robert Kalkstein	By: /s/ Patrick Moynihan
	 	 
	Name:  Robert Kalkstein	Name:  Patrick Moynihan
	 	 
	Title: President	Title:  Chief Executive Officer
	 	 
	Address for Notice:	 
	_______________________	 
	_______________________	 

 

 

 

 

 

 

 

 

 

 

    	 	9	 

     

    

 

EXHIBIT A

 

SERVICES AND COMPENSATION

 

1.               
Consultant.

 

Name: Robert
Kalkstein

 

Title: Controller

 

Email: robert@blockchainind.com

 

Phone: 415-663-5255

 

2.               
Services. The Services will include, but will not be limited to, the following:

 

·       
Bookkeeping, whereby Consultant will provide at its own cost, a cloud-based accounting system. Consultant will generate
any automated or on-demand accounting reports for the Company or Company’s agents (e.g. auditors).

·       
Accounting and financial statement advisory, whereby Consultant will analyze, budget, and prepare reports to Company management
on trends, tax implications or other financial-reporting matters.

·       
Assist in quarterly reviews and annual audit, providing CFO-level support to communicate with auditors.

·       
Establish EDGAR ID’s for management and periodically remit ownership forms (Forms 3, Form 4, etc.) to the SEC on behalf
of insiders.

·       
Establish a payroll system, managing the aggregation of required payroll forms from employees or other consultants. Timely
remit any Federal, State or Local withholding taxes, and prepare and file any Federal, State or Local withholding forms (e.g. 940/941).

·       
Liaise with outside counsel on legal and tax matters.

·       
Manage any unemployment insurance policies and adherence to Federal, State or Local regulations.

·       
Legal document creation, routing and storage, whereby Consultant will provide at its own cost, a Docusign account to assist
the Company with its legal document workflow and procedures.

·       
Assist with general corporate operational functions that are reasonably expected of Consultant.

 

3.               
Term.

 

The term of this agreement
shall be two (2) years from the Effective Date (unless sooner terminated as provided in the Agreement).

 

4.               
Compensation.

 

A.             
The Company shall not pay any cash wages to Consultant.

 

B.              
Subject to the approval of the Company’s Board of Directors, the Company will issue to Consultant restricted stock
of 500,000 shares of the Company’s Common Stock (the “Restricted Stock”). Subject to Consultant remaining
a service provider on all such dates, the Restricted Stock will vest according to the following schedule:

 

	Quantity Vested	Vesting Date
	 	250,000	6/1/2018
	 	250,000	12/1/2018

 

If the Agreement is terminated
prior to the Vesting Date of any tranche of the Options, then the unvested tranches will be forfeited.

 

If the Company performs
a stock split after the Effective Date of this Agreement, the Restricted Stock shall have the same effect as any stock split.

 

C.              
The Company will reimburse Consultant, in accordance with Company policy for all reasonable expenses incurred by Consultant
in performing the Services pursuant to this Agreement, if Consultant receives written consent from an authorized agent of the Company
prior to incurring such expenses and submits receipts for such expenses to the Company in accordance with Company standard expense
reimbursement policy.

 

On a monthly basis
Consultant shall submit to the Company a written invoice detailing the Services performed and expenses incurred (with receipts
attached), and such statement shall be subject to the approval of the contact person listed above or other designated agent of
the Company.

 

 

 

    	 	10

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