Document:

Exhibit
10.24 

 

FIRST
AMENDMENT

TO

CONSULTING
AGREEMENT

 

This
FIRST AMENDMENT TO CONSULTANT AGREEMENT (“Amendment”) is made this 1st day of June, 2021 by and between
SKY Technologies, and its affiliates, duly organized under the laws of the State of Florida (together with its subsidiaries and
predecessor companies hereinafter referred to as the “Company”) and Steve Schmidt (hereinafter referred to as the
“Consultant”).

 

In
2019 the Company and Consultant entered into an agreement entitled CONSULTANT AGREEMENT, pursuant to which the Company has engaged
the Consultant to advise the Company in certain areas including retail and data.

 

NOW,
THEREFORE, the parties hereto agree to amend the Consultant Agreement as follows:

 

	1.	Title.
                                            Consultant will serve as the President of the Company and will report to the Executive
                                            Chairman of the Company.
	 	 
	2.	Duties.
                                            President will assist and help the Company with the following matters:

 

		A)	Assist
                                            the Company with securing funds;
	 	 	 
		B)	Assist
                                            the Company with company data modeling and monetization;
	 	 	 
		C)	Assist
                                            the Company with sales to big box retail and general retail; and
	 	 	 
		D)	Assist
                                            the Company with its Public Relation efforts.

 

	3.	Term.
                                            A 3-year term that will be renewed annually at the end of each year upon the signed written
                                            consent of the Company and Consultant.
	 	 
	4.	Additional
                                            Compensation.

 

		A)	Signing
                                            Bonus of 25,000 shares of Company Common Stock and a 5-year option to purchase 25,000 shares
                                            of the Company’s Common Stock at a strike price of $12.00 per share. Shares and options
                                            will vest on the signing date.
	 	 	 
		B)	Upon
                                            renewal after the first year of the Term pursuant to Paragraph 3, 25,000 shares and a 5-year
                                            option to purchase 25,000 shares of the Company’s common stock at a strike price of
                                            $12.00 per share. Shares and options will vest 12 months from the signing date.
	 	 	 
		C)	Upon
                                            renewal after the second year of the Term pursuant to Paragraph 3: 25,000 shares and a 5-year
                                            option to purchase 25,000 shares of the Company’s common stock at a strike price of
                                            $12.00 per share. Shares and options will vest 24 months from the signing date.

 

    	 

     

    

 

		D)	At
                                            the end of the third year of the Term: 25,000 shares and a 5-year option to purchase 25,000
                                            shares of the Company’s common stock at a strike price of $12.00 per share. Shares
                                            and options will vest 36 months from the signing date.

 

	5.	Bonus
                                            Compensation. Bonus compensation shall be based on success. The Company reserves the
                                            right to further compensate the President based on success.
	 	 
	6.	Prior
                                            Consulting Agreement. All other provisions of the Consulting Agreement shall remain in
                                            full force and effect.

 

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

 

	SKY
    TECHNOLOGIES	 	CONSULTANT
	 	 	 	 	 
	 	 	 	/s/
    Steven Schmidt
	Name:	                   	 	Name: 
    	 Steven
     SchmidtExhibit
10.25 

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This
Executive Employment Agreement (the “Agreement”) dated September 1, 2019 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 Patricia Barron, 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 Operations 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 and projects as may be assigned by
the Chairman of the Board, the Chief Executive Officer and the Board of Directors of the Company. 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 Alpharetta,
Georgia and/or Fort Lauderdale, Florida, 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)
100,000 stock options to purchase shares company at $6.00 per share. Options will vest on December 31, 2020 to complete sign-on bonus

 

A
base salary of one hundred and twenty 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 Compensation Committee of the Company’s Board of Directors, at its sole discretion.

 

b)
Incentive compensation equal to one quarter of one percent (0.0025) of Net Revenue (as defined herein) paid in cash on an annual or quarterly
basis pursuant to the Company’s annual audit conducted by its independent auditor.

 

Net
Revenue shall mean total sales less returns and discounts.

 

    	 

     

    

 

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 Company’s Board of Directors to substantiate such expenses.

 

5.
Initial Term. The term of this Agreement shall commence on July 1, 2018 and shall continue in effect for a period of two (2) years
(the “Initial Tern”). Following the expiration of the Initial Tern, 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 is an “At Will” employment agreement and nothing in the Company’s policies, actions, or this document
shall be construed to alter the “At Will” nature of Executive’s status with the Company, and Employee understands that
the Company may terminate Executive’s employment at any time for any reason or for no reason, provided it is not terminated in
violation of state or federal law. If, however, 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 equal to the remaining six months base compensation of the Initial Term at the time of termination).
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 any due but unpaid Incentive Compensation then in effect.

 

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 one (1) month of Executive’s then applicable
annual base salary for every year of employment in the Company. In the event of such a discretionary termination, Executive shall be
entitled to any due but unpaid Incentive Compensation then in effect.

 

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 and Executive
shall be entitled to any due but unpaid Incentive Compensation 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 265

Alpharetta,
GA 30022

 

If
to Executive:

 

Patricia
Barron

[*]

[*]

 

    	 

     

    

 

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, 2019.

 

	EXECUTIVE	 
	 	 
	/s/
    Patricia Barron	 
	Patricia
    Barron	 
	 	 
	SQL
    Technologies CORP.	 
	 	 
	/s/
    John P. Campi	 
	John
    P. Campi, President & CEO	 
	 	 
	/s/
    Rani Kohen	 
	Rani
    Kohen, Chairman

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