Document:

SQL TECHNOLOGIES CORP.

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive
Employment Agreement (the "Agreement") dated September 1, 2016 by and between SQL Technologies Corp., a corporation
duly organized under the laws of the state of Florida (together with its subsidiaries and predecessor companies hereinafter referred
to as the "Company") and John P. Campi, a resident of the state of Georgia (hereinafter referred to as the "Executive").

 

NOW, THEREFORE, the parties
hereto agree as follows:

 

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

 

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

 

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

 

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

 

b)       120,000
shares to vest on December 31, 2017 to complete sign-on bonus

 

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

 

Cash:

 

		(i)	One-quarter
                                         of one-percent (0.0025%) of the Company's annual gross revenue (as defined below)

and

 

		(ii)	Three
                                         percent (3%) of the Company's annual net income (as defined below)

 

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

 

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

 

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

 

    	 	

	 

    	 

    

Options:

 

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

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

 

4.       Benefits.

 

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

 

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

 

c)       Medical
and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Executive, at the Executive's
option, in a group medical and hospital insurance plan the Company may offer during this Agreement. Executive shall be responsible
for payment of any federal or state income tax imposed upon these benefits. The offering of a group medical and hospital insurance
plan is at the discretion of the Company and NOT a condition of employment by the Executive.

 

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

 

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

 

6.       Termination

 

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

 

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

 

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

 

    	 	

	 

    	 

    

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

 

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

 

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

 

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

 

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

 

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

 

If to Company:

SQL Technologies Corp.

4400 North Point Parkway

Suite 154

Alpharetta, GA 30305

 

If to Executive:

 

[REDACTED]

 

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

 

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

 

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

 

    	 	

	 

    	 

    

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

 

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

 

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

 

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

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of September 1, 2016.

 

EXECUTIVE

 

/s/ John P. Campi

John P. Campi

 

 

SAFETY QUICK LIGHTING &
FANS CORP.

 

/s/ Rani Kohen

Rani Kohen, Chairman, on behalf
of the Company's Board of Directors, which has reviewed the Agreement and ratified and affirmed such Agreement as represented
herein.SQL TECHNOLOGIES CORP.

 

CHAIRMAN AGREEMENT

 

The terms contained in this
Executive Chairman Agreement (the "Chairman Agreement") supersede and replace the terms contained in the Chairman Agreement
dated December 1, 2013, by and between SQL Technologies Corp. (together with its subsidiaries and predecessor companies hereinafter
referred to as the "Company") and Rani Kohen (hereinafter referred to as the "Chairman").

 

NOW, THEREFORE, the parties hereto agree
as follows:

 

1.    
Engagement. Company hereby agrees to engage Chairman, who currently serves as the Company's chairman of the Board of Directors,
and Chairman hereby accepts such engagement in accordance with the terms of this Executive Chairman Agreement.

 

2.    
Duties of Executive Chairman. The duties of Chairman shall include advising 

Company management and its Board of Directors concerning matters relating to the management and organization of the company, its
business affairs, corporate and product development and other projects as agreed by the Company's board of directors. Chairman
shall perform all duties in a professional, ethical and businesslike manner. Chairman shall be required to devote such time to
the affairs of the Company as shall be necessary to manage such affairs. Chairman shall perform such duties principally from offices
he maintains in Fort Lauderdale and Miami, Florida and Atlanta, Georgia, subject to such reasonable travel as may be required,
and shall not be required to relocate his residence.

 

3.    
Compensation. Chairman will be paid compensation during this Chairman 

Agreement as follows:

 

a) An
Annual Salary of $250,000 (two hundred and fifty thousand dollars) commencing September 1, 2016 payable in installments
according to the Company's regular payroll schedule. The Board of Directors of the Company may, at its sole discretion, during
the decision for which the Chairman as executive chairman will recuse himself from such discussions, award Chairman bonus compensation
in addition to any cash or stock incentive compensation due to Chairman.

 

ii)
An Annual Stock Compensation of three hundred forty thousand (340,000) shares per year (the "Compensation Shares")
in the Company's common stock, which shall vest in its entirety to Executive on January 1, 2019 of the following year; however,
in the event the Company is acquired, or is the non-surviving entity in a merger, or change of control, or sells all or substantially
all of its assets (the "M&A Transaction") prior to January 1, 2019, Executive's Compensation Shares shall vest immediately.

 

The Cash Compensation shall be reviewed
at the end of each year of service and adjusted by the Company's Compensation Committee of the Company's Board of Directors, at
its sole discretion.

    	 	
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b) An annual
Incentive Compensation of cash, stock and/or options equal to 1/2% (0.005) of the Company's annual
gross revenue (as defined below). Said incentive options will have a 5-year term and the Chairman will have the option of a cash-less
exercise.

 

Gross Revenue: Sales less any
returns and discounts.

 

c)    
A Sign-On Bonus of 120,000 shares of the Company's common stock ("Sign-On Bonus") which shall vest in its entirety
to Executive on January 1, 2020. In the event the Company is acquired, or is the non-surviving entity in a merger, or sells all
or a majority of its assets, all of the Sign-On Bonus shares shall vest immediately.

 

d)   
A Supplemental Bonus in options, based on Company's capitalization to purchase shares of the Company's stock (the "Bonus
Options"). The Company will grant Chairman Bonus Options to purchase 500,000 shares of the Company's common stock at $3.00
per share upon the Company achieving each of the following market capitalizations: $300,000,000; $500,000,000; $750,000,000; and
Bonus Options to purchase 500,000 shares of the Company's common stock at $4.00 per share upon the Company achieving each of the
following market capitalizations: $1,000,000,000; $1,500,000,000; $2,000,000,000; and Bonus Options to purchase 500,000 shares
of the Company's common stock at $5.00 per share upon the Company achieving each of the following market capitalizations: $2,500,000,000
and $3,000,000,000.

 

4. Benefits.

 

a)    Vacation.
Executive shall be entitled to five weeks paid vacation days each year.

 

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

 

c)    
Medical and Group Life Insurance. In the event the Company offers such a plan, Company agrees to include Chairman, including
Chairman's immediate family, at the Chairman's option, in a group medical and hospital insurance plan the Company may offer during
this Chairman Agreement. The offering of a group medical and hospital insurance plan is at the discretion of the Company and NOT
a condition of engagement by the Chairman.

 

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

    	 	
2
	 

    	 

    

e)    
Vehicle Reimbursement. Chairman shall be entitled to a Car Allowance of $1,000 per month, which shall be paid periodically
together with Chairman's salary. The Chairman's vehicle should be, above all, highly reliable, safe and secure for the user, while
meeting some of the user's personal preferences and needs.

 

f)    
Other.

 

(i)   
In the event Chairman invents new products or additional applications using the Company's existing intellectual property of the
Company, Chairman will be entitled to additional compensation that will be determined by the Company's board of directors.

 

(ii) 
The Company shall reimburse Chairman for the cost for cellular phones.

 

5.       Initial
Term. The Initial Term of this Chairman Agreement shall commence on September 1, 2016 and it shall continue in effect
for a period of three (3) years. Thereafter, the Chairman Agreement shall be renewed upon the mutual agreement of Chairman and
Company.

 

6. Termination

 

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

 

(i)   
An act of fraud, embezzlement or theft;

 

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

 

(iii)        
Chairman's death, disability or incapacity.

 

b)
This Chairman Agreement is an employment agreement and nothing in the Company's policies, actions or this document shall be
construed to alter the nature of Executive's status with the Company as its Chairman of the Board. This Agreement may be terminated
at Company's Board of Directors discretion during the Initial Term provided it is not terminated in violation of state or federal
law. If, however, this agreement is terminated without cause, Company shall pay to Executive an amount calculated by multiplying
the Executive's monthly salary, at the time of such termination, times the number of months remaining in the Initial Term (as
an example, if Agreement were terminated at the end of the 20th month of engagement, Chairman would be entitled to receive a one-lump
payment in cash equal to the remaining 16 months base compensation of the Initial Term at the time of termination. To further
illustrate, if the Chairman's monthly salary at the time of termination without cause was $12,500, the Chairman would receive
$12,500 times 16 or $200,000). In addition, if Executive is terminated without cause, Executive's Sign-on Bonus shares shall immediately
vest and Executive's Compensation Shares shall vest on a pro rata basis with the number of days from the first date of the Term
through the last date of employment as the numerator and the number of days from the first date of employment to August 31, 2019
as the denominator. In the event of such termination, Executive shall be entitled to any due and unpaid Incentive Compensation
then in effect.

    	 	
3
	 

    	 

    

c)    
This Chairman Agreement and Chairman's engagement may be terminated by the Company's Board of Directors at its discretion at any
time after the Initial Term, provided that in such case, Chairman shall be fully paid for all incentives and will be entitled
for a compensation for any and all of his invented products.

 

d)   
This Chairman Agreement may be terminated by Chairman at Chairman's discretion by providing at least ninety (90) days prior written
notice to Company. In the event of termination by Chairman pursuant to this subsection, Company may immediately relieve Chairman
of all duties and immediately terminate this Chairman Agreement, provided that Company shall pay Chairman at the then applicable
annual fee rate to the termination date included in Chairman's original termination notice.

 

e)    
In the event Company is acquired, or is the non-surviving party in a merger, or sells all or substantially all of its assets,
this Chairman Agreement shall not be terminated and the Company will ensure that the transferee or surviving company is bound
by the provisions of this Chairman Agreement and all shares grants and any other compensations shall vest and paid immediately.

 

f)    
In the event of Chairman's employment is terminated by reason of Executive's death, 

the Company shall (i) pay Executive's designated beneficiary or beneficiaries, within thirty (30) days of Executive's death, in
a lump sum in cash twelve (12) months of Executive's Base Salary or Executive's Base Salary through the remainder of the year
in which Executive's death occurs, whichever is more, and (ii) any and all Annual Stock Compensation, Incentive Compensation,
Sign-On Bonus and Supplemental Bonus as described in Section 3 b), c), d) and e), due Chairman shall be bequeathed to Executive's
designated beneficiary or beneficiaries.

 

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

 

If to Company:

Safety Quick Lighting &
Fans Corp.

3245 Peachtree Parkway

Suite D310

Suwanee, GA 30024

 

If to Chairman:

 

[REDACTED]

    	 	
4
	 

    	 

    

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

 

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

 

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

 

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

 

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

 

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

    	 	
5
	 

    	 

    

IN WITNESS HEREOF, the parties hereto
have executed this Chairman Agreement as of

September 1, 2016.

 

SAFETY QUICK LIGHTING & FANS
CORP.

 

 

/s/ John P. Campi

John P. Campi, President & CEO

 

 

EXECUTIVE CHAIRMAN

 

/s/ Rani Kohen

Rani Kohen

    	 	
6

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