Document:

Exhibit 10.1

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

This Confidential Consulting Agreement (the “Agreement”)
is executed as of the date shown on the signature page (the “Effective Date”), by and between FLG Partners, LLC, a California
limited liability company (“FLG”), and the entity identified on the signature page (“Client”).

 

RECITALS

 

WHEREAS, FLG is in the business of providing
certain financial services;

 

WHEREAS, Client wishes to retain FLG to
provide and FLG wishes to provide such services to Client on the terms set forth herein;

 

NOW, THEREFORE, in consideration of the
mutual covenants set forth herein, the parties hereto agree as follows:

 

1. Services.

 

		A.	Commencing on the Effective Date, FLG will perform those
services (the “Services”) described in one or more exhibits attached hereto. Such services shall be performed by the member
or members of FLG identified in Exhibit A (collectively, the “FLG Member”).

 

		B.	Client acknowledges and agrees that FLG’s success in
performing the Services hereunder will depend upon the participation, cooperation and support of Client’s most senior management.

 

		C.	Notwithstanding anything in Exhibit A or elsewhere in this
Agreement to the contrary, neither FLG nor any of its members shall serve as an employee, an appointed officer, or an elected director
of Client. Consistent with the preceding: (i) Client shall not appoint FLG Member as a corporate officer in Client’s corporate
minutes; (ii) Client shall not elect FLG Member to its board of directors or equivalent governing body; and (iii) the FLG Member shall
have no authority to sign any documents on behalf of Client, including, but not limited to, federal or state securities filings, tax
filings, or representations and warranties on behalf of Client except as pursuant to a specific resolution(s) of Client’s
board of directors or equivalent governing body granting such authority to FLG Member as a non-employee consultant to Client.

 

		D.	The Services provided by FLG and FLG Member hereunder shall
not constitute an audit, attestation, review, compilation, or any other type of financial statement reporting engagement (historical
or prospective) that is subject to the rules of the California Board of Accountancy, the AICPA, or other similar state or national licensing
or professional bodies. Client agrees that any such services, if required, will be performed separately by its independent public accountants
or other qualified consultants.

 

		E.	During the term of this Agreement, Client shall not hire
or retain the FLG Member as an employee, consultant or independent contractor except pursuant to this Agreement.

 

2. Compensation; Payment; Deposit; Expenses.

 

		A.	As compensation for Services rendered by FLG hereunder, Client
shall pay FLG the amounts set forth in Exhibit A for Services performed by FLG hereunder (the “Fees”). The Fees shall be
net of any and all taxes, withholdings, duties, customs, social contributions or other reductions imposed by any and all authorities
which are required to be withheld or collected by Client or FLG, including ad valorem, sales, gross receipts or similar taxes, but excluding
US income taxes based upon FLG’s or FLG Member’s net taxable income.

 

		B.	As additional compensation to FLG, Client will pay FLG the
incentive bonus or warrants or options, if any, set forth in Exhibit A.

 

	Initial: Client	 	FLG		 

 

    Page 1 of 9

     

    

 

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

		C.	Client shall pay FLG all amounts owed to FLG under this Agreement
upon Client’s receipt of invoice, with no purchase order required. Any invoices more than thirty (30) days overdue will accrue
a late payment fee at the rate of one and 50/100 percent (1.5%) per month. FLG shall be entitled to recover all costs and expenses (including,
without limitation, attorneys’ fees) incurred by it in collecting any amounts overdue under this Agreement.

 

		D.	Client hereby agrees to pay FLG a deposit as set forth on
Exhibit A (the “Deposit”) to be held in its entirety as security for Client’s future payment obligations to FLG under
this Agreement. Upon termination of this Agreement, all amounts then owing to FLG under this Agreement shall be charged against the Deposit
and the balance thereof, if any, shall be refunded to Client.

 

		E.	Within ten (10) days of Client’s receipt of an expense report from FLG’s personnel
                                                                                                          performing Services hereunder, Client shall immediately reimburse FLG personnel directly for reasonable travel and out-of-pocket
                                                                                                          business expenses detailed in such expense report. Any required air travel, overnight accommodation and resulting per diem expenses
                                                                                                          shall be consistent with Client’s travel & expense policies for Client’s employed executive staff.

 

3. Relationship of the Parties.

 

		A.	FLG’s relationship with Client will be that of an independent
contractor and nothing in this Agreement shall be construed to create a partnership, joint venture, or employer-employee relationship.
FLG is not the agent of Client and is not authorized to make any presentation, contract, or commitment on behalf of Client unless specifically
requested or authorized to do so by Client in writing. FLG agrees that all taxes payable as a result of compensation payable to FLG hereunder
shall be FLG’s sole liability. FLG shall defend, indemnify and hold harmless Client, Client’s officers, directors, employees
and agents, and the administrators of Client’s benefit plans from and against any claims, liabilities or expenses relating to such
taxes or compensation.

 

4. Term and Termination.

 

		A.	The term of this Agreement shall be for the period set forth
in Exhibit A.

 

		B.	Either party may terminate this Agreement upon thirty (30)
calendar days advance written notice to the other party.

 

		C.	Either party may terminate this Agreement immediately upon
a material breach of this Agreement by the other party and a failure by the other party to cure such breach within ten (10) days of written
notice thereof by the non-breaching party to the breaching party.

 

		D.	FLG shall have the right to terminate this Agreement immediately
without advance written notice (i) if Client is engaged in, or requests that FLG or the FLG Member undertake or ignore any illegal or
unethical activity, or (ii) upon the death or disability of the FLG Member.

 

		E.	This Agreement shall be deemed terminated if during any six
month period no billable hours occur, with the termination date effective on the date of the last billable hour therein.

 

	Initial: Client	 	FLG		 

 

    Page 2 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

		F.	If at any time during the one
(1) year period following termination of this Agreement Client shall hire or retain the FLG Member as an employee, consultant or independent
contractor, AND in so doing induce, compel or cause FLG Member to leave FLG as a precondition to commencing or continuing employment
or consultancy with Client, Client shall immediately pay to FLG in readily available funds a recruiting fee equal to the annualized
amount of Fees payable hereunder, which shall equal either (i) 260 multiplied by the daily rate, if this Agreement provides for Fees
payable by daily rate, or (ii) 2,100 multiplied by the hourly rate, if this Agreement provides for Fees payable by hourly rate, multiplied
by thirty percent (30%).

 

5. Disclosures

 

		A.	IRS Circular 230. To ensure compliance with requirements
imposed by the IRS effective June 20, 2005, FLG hereby informs Client that any tax advice offered during the course of providing, or
arising out of, the Services rendered pursuant to this Agreement, unless expressly stated otherwise, is not intended or written to be
used, and cannot be used, for the purpose of: (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting,
marketing or recommending to another party any tax-related matter(s) said tax advice address(es).

 

		B.	Attorney-Client Privilege. Privileged communication disclosed
to FLG or FLG Member may waive the privilege through no fault of FLG. FLG strongly recommends that Client consult with legal counsel
before disclosing privileged information to FLG or FLG Member. Pursuant to Paragraph 6, neither FLG nor FLG Member will be responsible
for damages caused through Client’s waiver of privilege, whether deliberate or inadvertent, by disclosing such information to FLG
or FLG Member.

 

6. DISCLAIMERS AND LIMITATION OF LIABILITY.

 

EXCEPT AS EXPRESSLY SET FORTH HEREIN,
ALL SERVICES TO BE PROVIDED BY FLG AND FLG MEMBER (FOR PURPOSES OF THIS PARAGRAPH 6, COLLECTIVELY “FLG”) HEREUNDER ARE PROVIDED
“AS IS” WITHOUT ANY WARRANTY WHATSOEVER. CLIENT RECOGNIZES THAT THE “AS IS” CLAUSE OF THIS AGREEMENT IS AN IMPORTANT
PART OF THE BASIS OF THIS AGREEMENT, WITHOUT WHICH FLG WOULD NOT HAVE AGREED TO ENTER INTO THIS AGREEMENT. FLG EXPRESSLY DISCLAIMS ALL
OTHER WARRANTIES, TERMS OR CONDITIONS, WHETHER EXPRESS, IMPLIED, OR STATUTORY, REGARDING THE PROFESSIONAL SERVICES, INCLUDING ANY, WARRANTIES
OF MERCHANTABILITY, TITLE, FITNESS FOR A PARTICULAR PURPOSE AND INFRINGEMENT. NO REPRESENTATION OR OTHER AFFIRMATION OF FACT REGARDING
THE SERVICES PROVIDED HEREUNDER SHALL BE DEEMED A WARRANTY FOR ANY PURPOSE OR GIVE RISE TO ANY LIABILITY OF FLG WHATSOEVER.

 

IN NO EVENT SHALL FLG BE LIABLE
FOR ANY INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, UNDER ANY CIRCUMSTANCES, INCLUDING, BUT NOT LIMITED
TO: LOST PROFITS; REVENUE OR SAVINGS; WAIVER BY CLIENT, WHETHER INADVERTENT OR INTENTIONAL, OF CLIENT’S ATTORNEY-CLIENT PRIVILEGE
THROUGH CLIENT’S DISCLOSURE OF LEGALLY PRIVILEGED INFORMATION TO FLG; OR THE LOSS, THEFT, TRANSMISSION OR USE, AUTHORIZED OR OTHERWISE,
OF ANY DATA, EVEN IF CLIENT OR FLG HAVE BEEN ADVISED OF, KNEW, OR SHOULD HAVE KNOWN, OF THE POSSIBILITY THEREOF. NOTWITHSTANDING ANYTHING
IN THIS AGREEMENT TO THE CONTRARY, FLG’S AGGREGATE CUMULATIVE LIABILITY HEREUNDER, WHETHER IN CONTRACT, TORT, NEGLIGENCE, MISREPRESENTATION,
STRICT LIABILITY OR OTHERWISE, SHALL NOT EXCEED AN AMOUNT EQUAL TO THE LAST TWO (2) MONTHS OF FEES PAYABLE BY CLIENT UNDER PARAGRAPH
2(A) OF THIS AGREEMENT. CLIENT ACKNOWLEDGES THAT THE COMPENSATION PAID BY IT UNDER THIS AGREEMENT REFLECTS THE ALLOCATION OF RISK SET
FORTH IN THIS AGREEMENT AND THAT FLG WOULD NOT ENTER INTO THIS AGREEMENT WITHOUT THESE LIMITATIONS ON ITS LIABILITY. THIS PARAGRAPH SHALL
NOT APPLY TO EITHER PARTY WITH RESPECT TO A BREACH OF ITS CONFIDENTIALITY OBLIGATIONS.

 

	Initial: Client	 	FLG		 

 

    Page 3 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

		A.	As a condition for recovery of any amount by Client against
FLG, Client shall give FLG written notice of the alleged basis for liability within ninety (90) days of discovering the circumstances
giving rise thereto, in order that FLG will have the opportunity to investigate in a timely manner and, where possible, correct or rectify
the alleged basis for liability; provided that the failure of Client to give such notice will only affect the rights of Client to the
extent that FLG is actually prejudiced by such failure. Notwithstanding anything herein to the contrary, Client must assert any claim
against FLG by the sooner of: (i) ninety (90) days after discovery; (ii) ninety (90) days after the termination of this Agreement; (iii)
ninety (90) days after the last date on which the Services were performed; or, (iv) sixty (60) days after completion of a financial or
accounting audit for the period(s) to which a claim pertains.

 

7. Indemnification.

 

		A.	FLG and FLG Member acting in relation to any of the affairs
of Client shall, to the fullest extent permitted by law, as now or hereafter in effect, be indemnified and held harmless, and such right
to indemnification shall continue to apply to FLG and FLG Member following the term of this Agreement out of the assets and profits of
the Client from and against all actions, costs, charges, losses, damages, liabilities and expenses which FLG or FLG Member, or FLG’s
or FLG Member’s heirs, executors or administrators, shall or may incur or sustain by or by reason for any act done, concurred in
or omitted in or about the execution of FLG’s or FLG Member’s duty or services performed on behalf of Client; and Client
shall advance the reasonable attorney’s fees, costs and expenses incurred by FLG or FLG’s Member in connection with litigation
related to the foregoing on the same basis as such advancement would be available to the Client’s officers and directors, PROVIDED
THAT Client shall not be obligated to make payments to or on behalf of any person (i) in connection with services provided by such person
outside the scope of Services contemplated by this Agreement, and not authorized or consented to by Client’s CEO or Board of Directors,
or (ii) in respect of any (a) gross negligence or willful misconduct of such person, or (b) negligence of such person, but only to the
extent that FLG’s errors and omissions liability insurance would cover such person for such negligence without regard to Client’s
obligation to indemnify FLG hereunder.

 

		B.	FLG and FLG Member shall have no liability to Client relating
to the performance of its duties under this Agreement except in the event of FLG’s or FLG Member’s gross negligence or willful
misconduct.

 

		C.	FLG and FLG Member agree to waive any claim or right of action
FLG or FLG Member might have whether individually or by or in the right of Client, against any director, secretary and other officers
of Client and the liquidator or trustees (if any) acting in relation to any of the affairs of Client and every one of them on account
of any action taken by such director, officer, liquidator or trustee or the failure of such director, officer, liquidator or trustee
to take any action in the performance of his duties with or for Client; PROVIDED THAT such waiver shall not extend to any matter in respect
of any gross negligence or willful misconduct which may attach to any such persons.

 

	Initial: Client	 	FLG		 

 

    Page 4 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

8. Representations and Warranties.

 

		A.	Each party represents and warrants to the other that it is
authorized to enter into this Agreement and can fulfill all of its obligations hereunder.

 

		B.	FLG and FLG Member warrant that they shall perform the Services
diligently, with due care, and in accordance with prevailing industry standards for comparable engagements and the requirements of this
Agreement. FLG and FLG Member warrant that FLG Member has sufficient professional experience to perform the Services in a timely and
competent manner.

 

		C.	Each party represents and warrants that it has and will maintain
a policy or policies of insurance with reputable insurance companies providing the members, officers and directors, as the case may be,
of itself with coverage for losses from wrongful acts. FLG covenants that it has an error and omissions insurance policy in place in
the form provided to Client prior to or contemporaneously with the date of execution of this Agreement and will continue to maintain
such policy or equivalent policy provided that such policy or equivalent policy shall be available at commercially reasonable rates.

 

9. Work Product
License. The parties do not anticipate that FLG or FLG Member will create any intellectual property for Client in performing the Services
pursuant to this Agreement. However, FLG and FLG Member grant to Client a world-wide, perpetual, exclusive, royalty-free, irrevocable
license to use and create derivative works from all tangible and electronic documents, spreadsheets, and financial models (collectively,
“Work Product”) produced or authored by FLG Member in the course of performing the Services pursuant to this Agreement. Any
patent rights arising out of the Services will be assigned to and owned by Client and not FLG or FLG Member. All other rights, including,
but not limited to, the residual memory of any methods, discoveries, developments, improvements, know-how, ideas, insights, analytical
concepts and skills directly inherent to, or reasonably required for, the competent execution of FLG Member’s profession as a chief
financial officer are reserved in their entirety by FLG and FLG Member.

 

10. Miscellaneous.

 

		A.	Any notice required or permitted to be given by either party
hereto under this Agreement shall be in writing and shall be personally delivered or sent by a reputable courier mail service (e.g.,
Federal Express) or by facsimile confirmed by reputable courier mail service, to the other party as set forth in this Paragraph 10(A).
Notices will be deemed effective two (2) days after deposit with a reputable courier service or upon confirmation of receipt by the recipient
from such courier service or the same day if sent by facsimile and confirmed as set forth above.

 

If to FLG:

Jeffrey S. Kuhn

FLG Partners, LLC

P.O. Box 556

7 East Road

Ross, CA 94957-0556

Tel: 415-454-5506

Fax: 415-456-1191

E-mail: jeff@flgpartners.com

 

If to Client: the address, telephone
numbers and email address shown below Client’s signature on the signature page.

 

	Initial: Client	 	FLG		 

 

    Page 5 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

		B.	This Agreement will be governed by and construed in accordance
with the laws of California without giving effect to any choice of law principles that would require the application of the laws of a
different jurisdiction.

 

		C.	Any claim, dispute, or controversy of whatever nature arising
out of or relating to this Agreement (including any other agreement(s) contemplated hereunder), including, without limitation, any action
or claim based on tort, contract, or statute (including any claims of breach or violation of statutory or common law protections from
discrimination, harassment and hostile working environment), or concerning the interpretation, effect, termination, validity, performance
and/or breach of this Agreement (“Claim”), shall be resolved by final and binding arbitration before a single arbitrator
(“Arbitrator”) selected from and administered by the San Francisco office of JAMS (the “Administrator”) in accordance
with its then existing commercial arbitration rules and procedures. The arbitration shall be held in San Francisco, California. The Arbitrator
shall, within fifteen (15) calendar days after the conclusion of the Arbitration hearing, issue a written award and statement of decision
describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The
Arbitrator also shall be authorized to grant any temporary, preliminary or permanent equitable remedy or relief he or she deems just
and equitable and within the scope of this Agreement, including, without limitation, an injunction or order for specific performance.
Each party shall bear its own attorneys’ fees, costs, and disbursements arising out of the arbitration, and shall pay an equal
share of the fees and costs of the Administrator and the Arbitrator; provided, however, the Arbitrator shall be authorized to determine
whether a party is the prevailing party, and if so, to award to that prevailing party reimbursement for its reasonable attorneys’
fees, costs and disbursements, and/or the fees and costs of the Administrator and the Arbitrator. The Arbitrator’s award may be enforced
in any court of competent jurisdiction. Notwithstanding the foregoing, nothing in this Paragraph 10(C) will restrict either party from
applying to any court of competent jurisdiction for injunctive relief.

 

		D.	Neither party may assign its rights or delegate its obligations
hereunder, either in whole or in part, whether by operation of law or otherwise, without the prior written consent of the other party;
provided, however, that FLG may assign its rights and delegate its obligations hereunder to any affiliate of FLG. The rights and liabilities
of the parties under this Agreement will bind and inure to the benefit of the parties’ respective successors and permitted assigns.

 

		E.	If any provision of this Agreement, or the application thereof, shall for any reason and to any
                                                                                                          extent be invalid or unenforceable, the remainder of this Agreement and application of such provision to other persons or
                                                                                                          circumstances shall be interpreted so as best to reasonably effect the intent of the parties. The parties further agree to replace
                                                                                                          such void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent
                                                                                                          possible, the economic, business and other purposes of the void or unenforceable provision.

 

		F.	This Agreement, the Exhibits, and any executed Non-Disclosure
Agreements specified herein and thus incorporated by reference constitute the entire understanding and agreement of the parties with
respect to the subject matter hereof and thereof and supersede all prior and contemporaneous agreements or understandings, express or
implied, written or oral, between the parties with respect hereto. The express terms hereof control and supersede any course of performance
or usage of the trade inconsistent with any of the terms hereof.

 

		G.	Any term or provision of this Agreement may be amended, and
the observance of any term of this Agreement may be waived, only by a writing signed by the parties.
The waiver by a party of any breach hereof for default in payment of any amount due hereunder or default in the performance hereof shall
not be deemed to constitute a waiver of any other default or succeeding breach or default.

 

	Initial: Client	 	FLG		 

 

    Page 6 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

		H.	Upon completion of the engagement hereunder FLG may place
customary “tombstone” advertisements using Client’s logo and name in publications of FLG’s choice at its own
expense, and/or cite the engagement in similar fashion on FLG’s website.

 

		I.	If Client discloses FLG Member’s name on Client’s
website (such as in an executive biography, for example), press releases, SEC filings and other public documents and media, then Client
shall include in the description of FLG Member a sentence substantially the same as “[FLG Member] is also a partner at FLG Partners,
a leading CFO services firm in Silicon Valley.”

 

		J.	If and to the extent that a party’s performance of
any of its obligations pursuant to this Agreement is prevented, hindered or delayed by fire, flood, earthquake, elements of nature or
acts of God, acts of war, terrorism, riots, civil disorders, rebellions or revolutions, or any other similar cause beyond the reasonable
control of such party (each, a “Force Majeure Event”), and such non-performance, hindrance or delay could not have been prevented
by reasonable precautions of the non-performing party, then the non-performing, hindered or delayed party shall be excused for such non-performance,
hindrance or delay, as applicable, of those obligations affected by the Force Majeure Event for as long as such Force Majeure Event continues
and such party continues to use its best efforts to recommence performance whenever and to whatever extent possible without delay, including
through the use of alternate sources, workaround plans or other means.

 

		K.	This Agreement may be executed in any number of counterparts
and by the parties on separate counterparts, each of which when executed and delivered shall constitute an original, but all the counterparts
together constitute one and the same instrument.

 

		L.	This Agreement may be executed by facsimile signatures (including
electronic versions of this document in Adobe Acrobat Portable Document Format form which contain scanned or secure, digitally signed
signatures) by any party hereto and such signatures shall be deemed binding for all purposes hereof, without delivery of an original
signature being thereafter required.

 

		M.	Survivability. The following Paragraphs shall survive the
termination of this Agreement: 6 (“Disclaimers and Limitation of Liability”); 7 (“Indemnification”); 8 (“Representations
and Warranties”); 9 (“Work Product License”); and 10 (“Miscellaneous”).

 

	Initial: Client	 	FLG		 

 

    Page 7 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the Effective Date.

 

	CLIENT:	 	FLG:
	Nxt-ID Inc.,	 	FLG Partners, LLC,
	a Delaware corporation.	 	a California limited liability company.
	 	 	 
	By:
	Chia-Lin Simmons
	 	By:	Jeffrey S. Kuhn
	Signed:	/s/ Chia-Lin Simmons	 	Signed: 	/s/ Jeffrey S. Kuhn
	Title:	CEO	 	Title:	Administrative Partner
	 	 	 	 	 
	Address: 	 88 Christian Street, Hangar C, 2nd Floor, Oxford, Connecticut 06478	 	Effective Date: July 15, 2021
	 	 	 	 
	Tel:	973-951-8911	 	 
	Fax:		 	 
	 		 	 
	Email:	 Chia-Lin@nxt-id.com	 	 

 

REMAINDER OF
THIS PAGE LEFT BLANK

 

	Initial: Client	 	FLG		 

 

    Page 8 of 9

     

    

 

CONFIDENTIAL
CONSULTING AGREEMENT

 

EXHIBIT A

 

		1.	Description of Services: CFO level services
                                            typical for a publicly held corporation.

 

		2.	FLG Member:
                                            Mark Archer.

 

		3.	Fees: $500 per
                                            hour, subject to any hourly maximums that Client may establish from time to time.

 

		4.	Additional Compensation:
                                            None.

 

		5.	Deposit: $10,000.

 

		6.	Term: Indefinite,
                                            and terminable pursuant to Paragraph 4 of the Agreement.

 

		7.	Non-Disclosure Agreement: FLG-Client Mutual Non-Disclosure
Agreement dated July 8, 2021 (the “NDA”). FLG hereby expressly consents to the public disclosure of the existence of FLG’s
relationship with Client, by Client, provided that the terms and conditions herein shall remain confidential pursuant to the terms of
the NDA.

 

REMAINDER OF THIS PAGE LEFT BLANK

 

	Initial: Client	 	FLG		 

 

    Page 9 of 9

     

    

 

     

     

    

 

     

     

    

 

 

CONSUMER DISCLOSURE

 

From time to time, FLG Partners (we, us or Company) may
be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing
to you such notices and disclosures electronically through the DocuSign, Inc. (DocuSign) electronic signing system. Please read the information
below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to these terms and
conditions, please confirm your agreement by clicking the â€ ̃I agreeâ€TM button at the bottom of this
document.

 

Getting paper copies

 

At any
time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability
to download and print documents we send to you through the DocuSign system during and immediately after signing session and, if you elect
to create a DocuSign signer account, you may access them for a limited period of time (usually 30 days) after such documents are first
sent to you. After such time, if you wish for us to send you paper copies of any such documents from our office to you, you will be charged
a $0.00 per-page fee. You may request delivery of such paper copies from us by following the procedure described below.

 

Withdrawing your consent

 

If you decide to receive notices and disclosures from
us electronically, you may at any time change your mind and tell us that thereafter you want to receive required notices and disclosures
only in paper format. How you must inform us of your decision to receive future notices and disclosure in paper format and withdraw your
consent to receive notices and disclosures electronically is described below.

 

Consequences of changing your mind

 

If you elect to receive required notices and disclosures
only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to
you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back
from you your acknowledgment of your receipt of such paper notices or disclosures. To indicate to us that you are changing your mind,
you must withdraw your consent using the DocuSign â€ ̃Withdraw Consentâ€TM form on the signing page of
a DocuSign envelope instead of signing it. This will indicate to us that you have withdrawn your consent to receive required notices and
disclosures electronically from us and you will no longer be able to use the DocuSign system to receive required notices and consents
electronically from us or to sign electronically documents from us.

 

All notices and disclosures will be sent to you electronically

 

Unless you tell us otherwise in accordance with the
procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations,
acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship
with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices
and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and
notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us
know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive
delivery of the notices and disclosures electronically from us.

 

     

     

    

 

How to contact FLG Partners:

 

You may contact us to let us know of your changes as
to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to
receive notices and disclosures electronically as follows:

 

To contact us by email send messages to: jeff@flgpartners.com

 

To advise FLG Partners of your new e-mail address

 

To
let us know of a change in your e-mail address where we should send notices and disclosures electronically to you, you must send an
email message to us at jeff@flgpartners.com and in the body of such request you must state: your previous e-mail address, your new
e-mail address. We do not require any other information from you to change your email address..

 

In
addition, you must notify DocuSign, Inc. to arrange for your new email address to be reflected in your DocuSign account by following
the process for changing e-mail in the DocuSign system.

 

To request paper copies from FLG Partners

 

To request delivery from us of paper copies of the notices
and disclosures previously provided by us to you electronically, you must send us an e-mail to jeff@flgpartners.com and in the body of
such request you must state your e-mail address, full name, US Postal address, and telephone number. We will bill you for any fees at
that time, if any.

 

To withdraw your consent with FLG Partners

 

To inform us that you no longer want to receive future
notices and disclosures in electronic format you may:

 

		i.	decline to sign a document from within your DocuSign session,
and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may;

 

		ii.	send us an e-mail to jeff@flgpartners.com and in the body
of such request you must state your e-mail, full name, US Postal Address, and telephone number. We do not need any other information
from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a
longer time to process..

 

Required hardware and software

 

	Operating Systems:	WindowsÂ® 2000, WindowsÂ® XP, Windows VistaÂ®; Mac OSÂ® X
	Browsers:	
    Final release versions of Internet ExplorerÂ®

    6.0 or above (Windows only); Mozilla Firefox

    2.0 or above (Windows and Mac); Safariâ„¢

    3.0 or above (Mac only)

	PDF Reader:	AcrobatÂ® or similar software may be required to view and print PDF files
	Screen Resolution:	800 x 600 minimum
	Enabled Security Settings:	Allow per session cookies

 

	**	These minimum requirements are subject to change. If these
requirements change, you will be asked to re-accept the disclosure. Pre-release (e.g. beta) versions of operating systems and browsers
are not supported.

 

     

     

    

 

Acknowledging your access and consent to receive materials
electronically

 

To confirm to us that you can access this information
electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please verify that you
were able to read this electronic disclosure and that you also were able to print on paper or electronically save this page for your future
reference and access or that you were able to e-mail this disclosure and consent to an address where you will be able to print on paper
or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic
format on the terms and conditions described above, please let us know by clicking the â€ ̃I agreeâ€TM
button below.

 

By checking the â€ ̃I agreeâ€TM
box, I confirm that:

 

		●	I can access and read this Electronic CONSENT TO ELECTRONIC
RECEIPT OF ELECTRONIC CONSUMER DISCLOSURES document; and

 

		●	I can print on paper the disclosure or save or send the disclosure
to a place where I can print it, for future reference and access; and

 

		●	Until or unless I notify FLG Partners as described above,
I consent to receive from exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other
documents that are required to be provided or made available to me by FLG Partners during the course of my relationship with you.Exhibit 10.2

 

August 1, 2021

 

Dear Vin,

 

I wanted to take this opportunity to
memorialize my various discussions with you regarding transition and compensation for services to be rendered by you to Nxt-ID, Inc. (“NXTD”
or the “Company”). Mark Archer and I are looking forward to working with you and are eager to get this document finalized
and the past behind us all. Mark and I are very appreciative of all the help you’ve provided these last few weeks.

 

We’ve agreed that you will
work with Mark and his accounting consultants to assist NXTD in its SEC reporting obligations. We have a 10-Q that is due two weeks from
now and we need your help to get it done on time and correctly. We anticipate that we will need your assistance on the 10-Q for the third
quarter as well as the 10-K for 2021 that will be due in March 2022. We also will need your input and assistance on a registration statement
that I’ve asked our attorneys to begin working on that we will need in order to complete a raise that will help NXTD stay on Nasdaq.
And then there is just the day-to-day issues that might come up with cash management, financial reporting, accounts payable and payroll.

 

Some of these
activities may require you to go into the corporate office, and this list is not meant to be exhaustive. Long term, we may decide it makes
sense to close the Oxford office; if we do so, we will need your help to determine what we do with all the administrative files currently
stored there.

 

To that end, I’m proposing
a nine-month term for this Consulting Agreement. Since I am writing this on August 1, 2021, let’s assume that this agreement and
the obligations on each of our sides will become effective on August 1, 2021 and run until April 30, 2022. Of course, there may be circumstances
under which we may propose to extend, modify, or even cut short certain of the obligations outlined here but I think for your and our
planning purposes, nine months is a good time horizon. While we might modify the length of your obligation to help us, we will not modify
the economics of this Agreement. In other words, you will receive all of the monetary and other consideration under this Agreement regardless
of whether the Company requires your services for the entire nine months.

 

During the period of this letter agreement, NXTD will provide
you with the following:

 

		1.	Once we sign this Agreement, we will begin paying you a consulting fee (see below for further details),
which will be paid semi-monthly from the payroll system, subject to customary withholding of payroll taxes. While you will be paid through
ADP and payroll withholdings will be made, you will not be an employee of the Company.

 

		2.	Upon signing this agreement, we will pay out your 108 hours of accrued vacation pay that we show on the
ADP ledger for a gross payment of $19,990, subject to customary withholding. This payment will be made in the first 72 hours after you
have signed this Agreement.

 

		3.	We will pay you $10,000, grossed up to account for all payroll tax withholdings, to cover your time
investment in helping us during the period between your release from the Company and the execution of this Agreement. This will also be
paid within 72 hours after you have signed this Agreement.

 

		4.	We have also agreed that we will pay you six (6) months of consulting fees ($192,500) and the balance
of the vacation time that you have advised us that you have earned (21 weeks less 108 hours for a total of $155,481), both totaling $347,981.
That total of $347,981 will be paid off over a period of nine months at a rate of $19,332.28 per semi-monthly period, again subject to
customary withholding of payroll taxes. As I noted above, this timeline will keep you engaged through the end of April 2022 in case your
assistance is required with the 2021 10-K.

 

    

    	 

    

 

		5.	Furthermore, in addition to the 400,000 shares of NXTD common stock that we have agreed that have fully
vested in you and which are not subject to any corporate restrictions, we agree to the vesting of a total of 100,000 shares of NXTD common
stock from your award of 150,000 shares, which shall also be fully vested in you and will not be subject to any restrictions. We will
request the Transfer Agent issue a total of 500,000 shares of NXTD common stock within the first 72 hours after you have signed this Agreement.
You will forfeit the 50,000-share balance.

 

		6.	The Company will pay all of your medical and dental premiums for you and your wife for a period of six
months.

 

In consideration of the above, we
ask you for to do the following for us, in addition to providing your help and assistance as outlined above:

 

		1.	Resign from the Nxt-ID, Inc. Board, effective with the execution of this Agreement.

 

		2.	Sign a standard release and a mutual non-disparagement agreement, attached to this Agreement as Exhibit
A.

 

		3.	Agree to waive any right to a refund of monies you deposited with the Company at the end of March 2021.

 

		4.	Agree to vote all your shares for the proposed reverse stock split next month.

 

Once we both sign this agreement,
your rights and obligations, as well as NXTD’s rights and obligations under your Employment Agreement — the one that was executed
effective January 1, 2021, will terminate except for the confidentiality and non-competition provisions of Section 4 of that Employment
Agreement, which will continue in force as stated in that Employment Agreement, except the term of the non-competition will expire when
this consulting agreement expires on April 30, 2022.

 

Vin, let’s also agree that
this letter agreement constitutes the entire understanding between you and NXTD going forward. If we agree to change the undertakings,
we’ll amend it in writing, and we can each sign it. If we have any dispute that we cannot resolve, either on our own or through
JAMS mediation, we agree that Connecticut law will govern the interpretation of this Agreement and any dispute arising out of it or related
to it. Also, we agree that any lawsuit must be brought in the state or federal courts of Connecticut, and we both consent to those courts
having exclusive personal jurisdiction over us. Also, the prevailing party in any lawsuit will be entitled to recover from the other party(ies)
its reasonable attorney’s fees and costs. I don’t expect that we will have to go down that road but I’m putting it in
this letter in order to memorialize it for both of our purposes.

 

Again, Mark and I are looking forward
to working with you in order to keep NXTD moving in the right direction. We both are amazed at what you were able to accomplish by yourself
and we know that the three of us will build on that foundation. If you are in agreement with this letter’s terms, please execute
where provided below.

 

Very truly yours,

 

NXT-ID, INC.

 

	By:	/s/ Chia-Lin Simmons	 
	 	Chia-Lin Simmons	 
	 	 	 
	Its:	 Chief Executive Officer	 

 

	Agreed and Accepted:	 
	 	 
	/s/ Vincent S. Miceli	 
	Vincent S. Miceli	 

 

    2

    	 

    

 

EXHIBIT A

 

RELEASE OF CLAIMS

 

In exchange for the benefits to be provided
under this Agreement to which Executive would not be otherwise entitled, for and on behalf of Executive, his heirs, executors,
administrators, personal representatives, successors and assigns, Executive hereby waives and releases the Company, its parents,
subsidiaries, predecessors, successors and affiliates and each of such entities’ officers, directors, employees, shareholders,
managers, members, employees, agents, representatives and assigns from any and all claims, liabilities, demands, causes of action,
attorneys’ fees, damages, or obligations of every kind and nature, whether known or unknown, arising at any time prior to and
including the Effective Date (the “Release”). This Release includes, but is not limited to: (a) all claims
directly or indirectly arising out of or in any way connected with Executive’s employment with the Company, the Employment
Agreement, or the termination of that employment relationship; (b) all claims or demands related to salary, bonuses, fees,
retirement contributions, profit-sharing rights, profit distributions, management fee income, commissions, carried interest, stock,
stock options, membership interests, units, or any other ownership or equity interests in the Company or any of its affiliated
entities, vacation pay, fringe benefits, expense reimbursements or any other form of compensation or benefit; (c) all claims arising
out of Executive’s ownership of securities of the Company and (d) all claims pursuant to any federal, any state or any local
law, statute, common law or cause of action including, but not limited to, Title VII of the Civil Rights Act of 1964 and as amended
by the Civil Rights Act of 1991, 42 U.S.C. §§ 2000e, et seq.; the Americans with Disabilities Act, 42 U.S.C. §§
12101, et seq., as amended; the Age Discrimination in Employment Act (including, without limitation, the Older Workers’
Benefit Protection Act), 29 U.S.C. §§ 623, et seq.; the National Labor Relations Act, as amended, 29 U.S.C., § 151 et
seq.; the Occupational Safety and Health Act, as amended; the Immigration Reform Control Act, as amended; § 503 of the
Rehabilitation Act of 1973, 29 U.S.C. §§ 701, et seq.; the Civil Rights Act of 1966, 42 U.S.C. § 1981; the
Consolidated Omnibus Budget Reconciliation Act of 1985, 42 U.S.C. § 1395(c); Executive Order 11246; the Employee Retirement
Income Security Act, 29 U.S.C. §§ 1132 (a)(1)(B), et seq.; the federal Workers Adjustment and Retraining Notification Act,
29 U.S.C. §§ 2101 et seq.; the Family and Medical Leave Act, 29 U.S.C. §§ 2601 et seq.; and, any other
applicable federal, state or local statute, regulation, ordinance or common law. Notwithstanding the foregoing, nothing in this
paragraph shall release: (i) any rights to indemnification that Executive may have pursuant to any written indemnification agreement
to which Executive is a party or third party beneficiary; (ii) any vested interest Executive may have in any 401(k) plan by virtue
of his employment with the Company; (iii) any claim by Executive to enforce the provisions of this Agreement; or (iv) any rights
which cannot be waived as a matter of law. In addition, Executive understands that nothing in this release prevents him from filing,
cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor,
any state department of employment or other analogous state or federal agency, except that he acknowledges and agree that he shall
not recover any monetary benefits in connection with any such claim, charge or proceeding with regard
to any claim released herein.

 

The Company, its parents, subsidiaries,
predecessors, successors and affiliates and each of such entities’ officers and directors, hereby waives and releases the
Executive from any and all claims, liabilities, demands, causes of action, attorneys’ fees, damages, or obligations of every
kind and nature, legal or equitable, whether known or unknown, arising at any time prior to and including the Effective Date.
Notwithstanding the foregoing, nothing in this paragraph shall release: (i) any claim by the Company to enforce the provisions of
this Agreement; or (ii) any rights which cannot be waived as a matter of law.

 

    3

    	 

    

 

NON-DISPARAGEMENT

 

The Parties undertake that neither
of them shall, directly or indirectly, make, publish or issue, or cause to be made, published or issued, any untrue, disparaging or derogatory
written or oral statements whatsoever concerning the Executive and/or the Company and/or any officer, employee
or stockholder that would adversely affect the reputation of the Executive and/or the Company or its officers, employees or stockholders;
provided, however, the foregoing shall not prevent either Party from complying with any legal or reporting obligations,
including, without limitation, as a result of the Company’s status as a publicly reporting company.

 

 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]