Document:

Exhibit 10.8

 

INNOVATIVE EYEWEAR INC CONSULTING SERVICES
AGREEMENT

 

	Parties	Consultant Name	Frank Rescigna
	Company Name	Innovative Eyewear Inc
	Dates	Consultant Start Date	5/1/21
	Consultant End Date	12/31/21 (contract may be extended for additional 12 month periods with mutual agreement, in writing, between Consultant and Company).
	 	Consulting fee	
    Base fee: $6,000
    monthly, for duration of contract (billed as $3,000 bi-weekly)

     

    Commissions:
    Consultant will be paid 3.5% of any wholesale sales generated and received, paid at the end of each month, for the duration of their engagement
    with the company.

     

    Quota &
    Bonus: Consultant will be provided a $50,000 bonus upon successful completion of the projected sales quota of $8,000,000. Consultant will
    also receive 100,000 vested stock options upon reaching quota. The total exercise price for all of the options is $1. Vested options may
    be exercised at any time while engaged by the Company or within 90 days following the last date Consultant is engaged by the Company.
    Based on the recent completed equity crowdfund, the approximately value of these options, if vested, based on the current valuation would
    be $100,000. Please note share price of Innovative Eyewear, Inc. may be worth more or less than the current valuation, over time, based
    upon Company performance, marketplace economic conditions and a wide variety of other factors.

     

    Consultant
    to be reimbursed for pre-approved travel and sales expenses.

	Consultant working title	Sales Director - Eyewear Channels
	Description	Lead generation and management of key accounts.	
    Consultant will provide the
    following services to Innovative Eyewear:

    -Seek new wholesale clients to carry
    Lucyd eyewear among the sporting goods, hearables and cellular accessory retail market.

    -Maintain client accounts

    -Inform, update and manage company sales processes

    -Assist in marketing and company material preparation

    -Assist in enhancing our offerings
    and presentations to the optical market

    -When appropriate, meet with clients in person.

    -Participate in a weekly Zoom call and a monthly meeting
    in the Lucyd office in Miami.

	 	Hours of work	Consultant free to work on their own schedule, but is expected to take all reasonable efforts necessary to achieve the quota.

 

     

     

    

	 	Performance Review	
    Every six months, Innovative
    Eyewear management will conduct a semi-annual review with consultant to discuss performance, goals, areas of improvement, feedback,
    and compensation. This performance review will also cover contract extension and will take place 30 days before the end of contract
    cycle.

	 	Benefits	
    Provision of glasses: Company
will provide prescription eyewear to consultant and his immediate family if needed. ($80 co-pay for progressive lenses). Consultant must
provide Company with the eyeglass prescription at their own expense.

	Termination	Cancellation by either party for any reason	
    15 calendar days’ notice.
    Upon termination + 15 days’ notice period, consulting fee and commissions going forward (not already earned) will be
    discontinued.

	Confidential Information	
    Consultant is under a general
obligation to protect Company confidential and business information for the duration of engagement plus three years.

	Warranty	Standard Terms	
    All Innovative Eyewear (IE)
and IE client confidential information may not be disclosed to any other party. Confidential information shared with Consultant by IE
must be maintained as confidential by Consultant for three years following the term of this Agreement.

	Dispute Resolution	 	
    Any dispute,
    controversy or claim arising out of or in connection with this Term Sheet, concerning the Consultant’s engagement or the termination thereof
    shall be resolved by final and binding arbitration before one arbitrator designated by the American Arbitration

     

    Association, pursuant to the
    then prevailing rules of the AAA for the resolution of consultancy disputes in Miami, Florida; whose decision shall be final and
    binding and subject to confirmation in a court of competent jurisdiction. Each Party shall share the costs and expenses incurred in
    connection with any Arbitration.

	Confidentiality	 	
    This Consulting Agreement
is confidential between the parties and the terms may not be disclosed to others.

	
    Governing Law and

    Jurisdiction
	 	Miami-Dade, Florida

 

1 Note: After the evaluation period, Company will decide at its sole discretion whether
to offer consultant an additional consulting engagement.

   

	/s/ Harrison Gross	 	/s/ Frank Rescigna
	
    Harrison Gross, CEO

    For and on behalf of Innovative Eyewear

    8101 Biscayne Blvd, Suite 705, Miami, Fl 33138

    Tel: 305-200-3450
	 	
    Frank Rescigna

    For and on behalf of consultant

    Address: 3914
    Kismet PKWY W, Cape Coral FL, 33993

    Email: rescigna@hotmail.com

    Tel: 2392466565Exhibit 10.9

 

THIS
AMENDMENT AGREEMENT is dated 10th August 2021 and made between:

 

		(1)	INNOVATIVE EYEWEAR, INC., a corporation organised and existing
under the State of Florida (“Company”); and

 

		(2)	FRANK RESCIGNA with email rescigna@hotmail.com (“Consultant”).

 

IT
IS AGREED as follows:

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	Definitions

In this Agreement:

 

“Original
Agreement” means the original consultancy agreement dated 5/1/21 between the Company and the Consultant.

 

		1.2	Incorporation of defined terms

		(a)	Unless a contrary indication appears, a term defined in the Original Agreement has the same meaning in this Agreement.

 

		(b)	The principles of construction set out in the Original Agreement shall have effect as if set out in this Agreement.

 

		1.3	Third party rights

A person who is not a party to this Agreement has no right
to enforce or to enjoy the benefit of any term of this Agreement.

 

		2.	AMENDMENT

 

In consideration of $1 to be payable by the Company to
the Consultant then with effect from the date of the Original Agreement the Consulting fee section in the Original Agreement will be amended
as set out below:

 

Quota & Bonus:
Consultant will be provided a $50,000 bonus upon successful completion of the projected sales quota of $8,000,000. Consultant will also
receive 100,000 vested stock options upon reaching quota. The exercise price for each stock option is $1 per share. Vested options may
be exercised at any time while engaged by the Company or within 90 days following the last date Consultant is engaged by the Company.
Based on the recent completed equity crowdfund, the approximately value of these options, if vested, based on the current valuation would
be $100,000. Please note share price of Innovative Eyewear, Inc. may be worth more or less than the current valuation, over time, based
upon Company performance, marketplace economic conditions and a wide variety of other factors.

 

		3.	CONTINUITY

 

The provisions of the Original Agreement shall, save as
amended by this Agreement, continue in full force and effect.

 

		4.	COUNTERPARTS

 

This Agreement may be executed in any number of counterparts,
and this has the same effect as if the signatures on the counterparts were on a single copy of this Agreement.

 

		5.	GOVERNING LAW

 

This Agreement and any non-contractual obligations arising
out of or in connection with it shall be governed by and construed in accordance with the State of Florida.

 

     

     

    

 

SIGNATURES

 

INNOVATIVE EYEWEAR, INC.

 

Officer

 

/s/ Harrison Gross

 

 

FRANK RESCIGNA

 

/s/ Frank RescignaExhibit 10.10

 

2021 Equity Incentive Plan 

 

General

 

Prior to the consummation of this offering, we
plan to adopt an equity incentive plan (the “2021 Equity Incentive Plan”) which will provide for the grant of incentive stock
options and non-qualified stock options to purchase shares of our common stock and other types of awards. The general purpose of the 2021
Equity Incentive Plan is to provide a means whereby eligible employees, officers, non-employee directors and other individual service
providers develop a sense of proprietorship and personal involvement in our development and financial success, and to encourage them to
devote their best efforts to our business, thereby advancing our interests and the interests of our stockholders. By means of the 2021
Equity Incentive Plan, we seek to retain the services of such eligible persons and to provide incentives for such persons to exert maximum
efforts for our success and the success of our subsidiaries.

 

Description of the 2021 Omnibus Equity Incentive Plan

 

The following description of the anticipated principal
terms of the 2021 Equity Incentive Plan is a summary and is qualified in its entirety by the full text of the 2021 Equity Incentive Plan.

 

Administration.    The
2021 Equity Incentive Plan will be administered by the Board or by one or more committees to which the board of directors delegates such
administration (as applicable, the “Incentive Plan Administrator”). Subject to the terms of the 2021 Equity Incentive Plan,
the Incentive Plan Administrator will have the authority to (a) determine the eligible individuals who are to receive awards under the
2021 Equity Incentive Plan, (b) determine the terms and conditions of awards granted under the 2021 Equity Incentive Plan, (c) determine
performance criteria and the achievement of such criteria, (d) accelerate the vesting or exercisability of, payment for or lapse of restrictions
on, awards and (e) make all other decisions related to the 2021 Equity Incentive Plan and awards granted thereunder. The Incentive Plan
Administrator may also delegate to one or more senior officers of the Company the authority to grant awards, subject to terms and conditions
determined by the Incentive Plan Administrator and within the limitations of Section 16 of the Exchange Act.

 

Types of Awards.    The
2021 Equity Incentive Plan provides for the grant of stock options, which may be incentive stock options (“ISOs”) or nonqualified
stock options (“NSOs”), stock appreciation rights (“SARs”), restricted shares, restricted stock units (“RSUs”)
and other cash-based, equity-based or equity-related awards that the Incentive Plan Administrator determines are consistent with the purpose
of the 2021 Equity Incentive Plan and the interests of the Company, or collectively, awards.

 

Share Reserve.    The
number of shares of Common Stock that may be issued under the 2021 Equity Incentive Plan is equal to the sum of (x)] [__________] shares
plus (y) the annual increase in shares described below.

 

On the first day of each calendar year during
the term of the 2021 Equity Incentive Plan, beginning on January 1, 2022 and continuing until (and including) January 1, 2031, the aggregate
number of shares of Common Stock that may be issued under the 2021 Equity Incentive Plan will automatically increase by a number equal
to the lesser of (a) five percent (5%) of the total number of shares of the Common Stock issued and outstanding shares on December 31
of the calendar year immediately preceding the date of such increase and (b) a number of shares of the Common Stock determined by the
Board.

 

     

     

    

 

If options, stock appreciation rights, restricted
stock units or any other awards are forfeited, cancelled or expire before being exercised or settled in full, the shares subject to such
awards will again be available for issuance under the 2021 Equity Incentive Plan. If stock appreciation rights are exercised or restricted
stock units are settled, only the number of shares actually issued upon exercise or settlement of such awards will reduce the number of
shares available under the 2021 Equity Incentive Plan. If restricted shares or shares issued upon exercise of an option are reacquired
by the Company pursuant to a forfeiture provision, repurchase right or for any other reason, then such shares will again be available
for issuance under the 2021 Equity Incentive Plan. Shares applied to pay the exercise price of an option or satisfy withholding taxes
related to any award will again become available for issuance under the 2021 Equity Incentive Plan. To the extent an award is settled
in cash, the cash settlement will not reduce the number of shares available for issuance under the 2021 Equity Incentive Plan.

 

Shares issued under the 2021 Equity Incentive
Plan may be authorized but unissued shares or treasury shares. As of the date hereof, no awards have been granted under the 2021 Equity
Incentive Plan.

 

Incentive Stock Option Limit.    No
more than [] shares of Common Stock may be issued under the 2021 Equity Incentive Plan upon the exercise of ISOs.

 

Annual Limitation on Compensation of Non-Employee
Directors.    The grant date fair value of awards granted to each non-employee director during any fiscal year
of the Company may not exceed $[________] (on a per-director basis). This limit is increased to $[________] in the fiscal year a non-employee
director is initially appointed or elected to the Board. The Board may make exceptions to such limit for a non-employee chairperson or,
in extraordinary circumstances, for other non-employee directors, provided the non-employee director receiving such additional compensation
does not participate in the decision to award such compensation. Compensation paid to an individual for services as an employee or consultant
and awards granted in lieu of cash retainers or other fees will not count towards these limitations.

 

Eligibility.    Employees
(including officers), non-employee directors and consultants who render services to the Company or a parent, subsidiary or affiliate thereof
(whether now existing or subsequently established) are eligible to receive awards under the 2021 Equity Incentive Plan. ISOs may only
be granted to employees of the Company or a parent or subsidiary thereof (whether now existing or subsequently established).

 

International Participation.    The
Incentive Plan Administrator has the authority to implement sub-plans (or otherwise modify applicable grant terms) for purposes of satisfying
applicable foreign laws, conforming to applicable market practices or for qualifying for favorable tax treatment under applicable foreign
laws, and the terms and conditions applicable to awards granted under any such sub-plan or modified award may differ from the terms of
the 2021 Equity Incentive Plan. Any shares issued in satisfaction of awards granted under a sub-plan will come from the 2021 Equity Incentive
Plan share reserve.

 

Repricing.    The Incentive
Plan Administrator has full authority to reprice (reduce the exercise price of) options and stock appreciation rights or to approve programs
in which options and stock appreciation rights are exchanged for cash or other equity awards on terms the Incentive Plan Administrator
determines.

 

Stock Options.    A
stock option is the right to purchase a certain number of shares of stock at a fixed exercise price which, pursuant to the 2021 Equity
Incentive Plan, may not be less than 100% of the fair market value of Common Stock on the date of grant. Subject to limited exceptions,
an option may have a term of up to 10 years and will generally expire sooner if the optionee’s service terminates. Options
will vest at the rate determined by the Incentive Plan Administrator. An optionee may pay the exercise price of an option in cash, or,
with the administrator’s consent, with shares of stock the optionee already owns, with proceeds from an immediate sale of the option
shares through a broker approved by us, through a net exercise procedure or by any other method permitted by applicable law.

 

    2

     

    

 

Stock Appreciation Rights.    A
stock appreciation right provides the recipient with the right to the appreciation in a specified number of shares of stock. The Incentive
Plan Administrator determines the exercise price of stock appreciation rights granted under the 2021 Equity Incentive Plan, which may
not be less than 100% of the fair market value of Common Stock on the date of grant. Subject to limited exceptions, a stock appreciation
right may have a term of up to 10 years and will generally expire sooner if the recipient’s service terminates. SARs will vest
at the rate determined by the Incentive Plan Administrator. Upon exercise of a SAR, the recipient will receive an amount in cash, stock,
or a combination of stock and cash determined by the Incentive Plan Administrator, equal to the excess of the fair market value of the
shares being exercised over their exercise price.

 

Tax Limitations on Incentive Stock Options.    The
aggregate fair market value, determined at the time of grant, of the Common Stock with respect to ISOs that are exercisable for the first
time by an optionholder during any calendar year under all of the Company’s stock plans may not exceed $100,000. Options or portions
thereof that exceed such limit will generally be treated as NSOs. No ISO may be granted to any person who, at the time of the grant, owns
or is deemed to own stock possessing more than 10% of the Company’s total combined voting power or that of any of the Company’s
affiliates unless (a) the option exercise price is at least 110% of the fair market value of the stock subject to the option on the
date of grant and (b) the term of the ISO does not exceed five years from the date of grant.

 

Restricted Stock Awards.    Shares
of restricted stock may be issued under the 2021 Equity Incentive Plan for such consideration as the Incentive Plan Administrator may
determine, including cash, services rendered or to be rendered to the Company, promissory notes or such other forms of consideration permitted
under applicable law. Restricted shares may be subject to vesting, as determined by the Incentive Plan Administrator. Recipients of restricted
shares generally have all of the rights of a shareholder with respect to those shares, including voting rights, however any dividends
and other distributions on restricted shares will generally be subject to the same restrictions on transferability and forfeitability
as the underlying shares.

 

Restricted Stock Units.    A
restricted stock unit is a right to receive a share, at no cost to the recipient, upon satisfaction of certain conditions, including vesting
conditions, established by the Incentive Plan Administrator. RSUs vest at the rate determined by the Incentive Plan Administrator and
any unvested RSUs will generally be forfeited upon termination of the recipient’s service. Settlement of restricted stock units
may be made in the form of cash, stock or a combination of cash and stock, as determined by the Incentive Plan Administrator. Recipients
of restricted stock units generally will have no voting or dividend rights prior to the time the vesting conditions are satisfied and
the award is settled. At the Incentive Plan Administrator’s discretion and as set forth in the applicable restricted stock unit
agreement, restricted stock units may provide for the right to dividend equivalents which will generally be subject to the same conditions
and restrictions as the restricted stock units to which they pertain.

 

Other Awards.    The
Incentive Plan Administrator may grant other awards based in whole or in part by reference to Common Stock and may grant awards under
other plans and programs that will be settled with shares issued under the 2021 Equity Incentive Plan. The Incentive Plan Administrator
will determine the terms and conditions of any such awards.

 

Changes to Capital Structure.    In
the event of certain changes in capitalization, including a stock split, reverse stock split or stock dividend, proportionate adjustments
will be made in the number and kind of shares available for issuance under the 2021 Equity Incentive Plan, the limit on the number of
shares that may be issued under the 2021 Equity Incentive Plan as ISOs, the number and kind of shares subject to each outstanding award
and/or the exercise price of each outstanding award.

 

Corporate Transactions.    If
the Company is party to a merger, consolidation or certain change in control transactions, each outstanding award will be treated as described
in the definitive transaction agreement or as the Incentive Plan Administrator determines, which may include the continuation, assumption
or substitution of an outstanding award, the cancellation of an outstanding award after an opportunity to exercise or the cancellation
of an outstanding award in exchange for a payment equal to the value of the shares subject to such award less any applicable exercise
price. In general, if an award held by a participant who remains in service at the effective time of a change in control transaction is
not continued, assumed or substituted, then the award will vest in full, and for awards subject to one or more performance-based vesting
conditions that have not yet been satisfied, such performance-based vesting conditions shall be deemed achieved at 100% of target levels.

 

    3

     

    

 

Change of Control.    The
Incentive Plan Administrator may provide, in an individual award agreement or in any other written agreement with a participant, that
the award will be subject to acceleration of vesting and exercisability in the event of a change of control or in connection with a termination
of employment in connection with or following a change in control.

 

Transferability of Awards.    Unless
the Incentive Plan Administrator determines otherwise, an award generally will not be transferable other than by beneficiary designation,
a will or the laws of descent and distribution. The Incentive Plan Administrator may permit transfer of an award in a manner consistent
with applicable law.

 

Amendment and Termination.    The
Incentive Plan Administrator may amend or terminate the 2021 Equity Incentive Plan at any time. Any such amendment or termination will
not affect outstanding awards. If not sooner terminated, the 2021 Equity Incentive Plan will terminate automatically 10 years after its
adoption by the Board. Shareholder approval is not required for any amendment of the 2021 Equity Incentive Plan, unless required by applicable
law, government regulation or exchange listing standards.

 

Certain Federal Income Tax Aspects of Awards
Under the Incentive Plan

 

This is a brief summary of the U.S. federal income
tax aspects of awards that may be made under the 2021 Equity Incentive Plan based on existing U.S. federal income tax laws as of the date
of this this prospectus. This summary covers only the basic tax rules. It does not describe a number of special tax rules, including the
alternative minimum tax and various elections that may be applicable under certain circumstances. It also does not reflect provisions
of the income tax laws of any municipality, state or foreign country in which a holder may reside, nor does it reflect the tax consequences
of a holder’s death. Therefore, no one should rely on this summary for individual tax compliance, planning or decisions. Participants
in the 2021 Equity Incentive Plan should consult their own professional tax advisors concerning tax aspects of awards under the 2021 Equity
Incentive Plan. The discussion below concerning tax deductions that may become available to the Company under U.S. federal tax law is
not intended to imply that the Company will necessarily obtain a tax benefit or asset from those deductions. The tax consequences of awards
under the 2021 Equity Incentive Plan depend upon the type of award. Changes to tax laws following the date of this joint proxy statement/consent
solicitation statement/prospectus could alter the tax consequences described below.

 

Incentive Stock Options.    No
taxable income is recognized by an optionee upon the grant or vesting of an ISO, and no taxable income is recognized at the time an ISO
is exercised unless the optionee is subject to the alternative minimum tax. The excess of the fair market value of the purchased shares
on the exercise date over the exercise price paid for the shares is includable in alternative minimum taxable income.

 

If the optionee holds the purchased shares for
more than one year after the date the ISO was exercised and more than two years after the ISO was granted (the “required ISO holding
periods”), then the optionee will generally recognize long-term capital gain or loss upon disposition of such shares. The gain or
loss will equal the difference between the amount realized upon the disposition of the shares and the exercise price paid for such shares.
If the optionee disposes of the purchased shares before satisfying either of the required ISO holding periods, then the optionee will
recognize ordinary income equal to the fair market value of the shares on the date the ISO was exercised over the exercise price paid
for the shares (or, if less, the amount realized on a sale of such shares). Any additional gain will be a capital gain and will be treated
as short-term or long-term capital gain depending on how long the shares were held by the optionee.

 

    4

     

    

 

Nonqualified Stock Options.    No
taxable income is recognized by an optionee upon the grant or vesting of an NSO, provided the NSO does not have a readily ascertainable
fair market value. If the NSO does not have a readily ascertainable fair market value, the optionee will generally recognize ordinary
income in the year in which the option is exercised equal to the excess of the fair market value of the purchased shares on the exercise
date over the exercise price paid for the shares. If the optionee is an employee or former employee, the optionee will be required to
satisfy the tax withholding requirements applicable to such income. Upon resale of the purchased shares, any subsequent appreciation or
depreciation in the value of the shares will be treated as short-term or long-term capital gain or loss depending on how long the shares
were held by the optionee.

 

Restricted Stock.    A
participant who receives an award of restricted stock generally does not recognize taxable income at the time of the award. Instead, the
participant recognizes ordinary income when the shares vest, subject to withholding if the participant is an employee or former employee.
The amount of taxable income is equal to the fair market value of the shares on the vesting date(s) less the amount, if any, paid for
the shares. Alternatively, a participant may make a one-time election to recognize income at the time the participant receives restricted
stock in an amount equal to the fair market value of the restricted stock (less any amount paid for the shares) on the date of the award
by making an election under Section 83(b) of the Code.

 

Restricted Stock Unit Awards.    In
general, no taxable income results upon the grant of an RSU. The recipient will generally recognize ordinary income, subject to withholding
if the recipient is an employee or former employee, equal to the fair market value of the shares that are delivered to the recipient upon
settlement of the RSU. Upon resale of the shares acquired pursuant to an RSU, any subsequent appreciation or depreciation in the value
of the shares will be treated as short-term or long-term capital gain or loss depending on how long the shares were held by the recipient.

 

Stock Appreciation Rights.    In
general, no taxable income results upon the grant of a SAR. A participant will generally recognize ordinary income in the year of exercise
equal to the value of the shares or other consideration received. In the case of a current or former employee, this amount is subject
to withholding.

 

Section 409A.    The
foregoing description assumes that Section 409A of the Code does not apply to an award. In general, options and stock appreciation
rights are exempt from Section 409A if the exercise price per share is at least equal to the fair market value per share of the underlying
stock at the time the option or stock appreciation right was granted. RSUs are subject to Section 409A unless they are settled within
two and one half months after the end of the later of (a) the end of the Company’s fiscal year in which vesting occurs or (b) the
end of the calendar year in which vesting occurs. Restricted stock awards are not generally subject to Section 409A. If an award
is subject to Section 409A and the provisions for the exercise or settlement of that award do not comply with Section 409A,
then the participant would be required to recognize ordinary income whenever a portion of the award vested (regardless of whether it had
been exercised or settled). This amount would also be subject to a 20% U.S. federal tax in addition to the U.S. federal income
tax at the participant’s usual marginal rate for ordinary income.

 

    5

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