Document:

Exhibit
10.30 

 

 

INVESTMENT
BANKING ENGAGEMENT AGREEMENT

 

May
20th, 2021

 

SQL
Technologies Corp.

John
Campi | Chief Executive Officer

2855
West McNab Road

Pompano
Beach, FL 33069

 

Dear
Mr. Campi:

 

Newbridge Securities Corporation (“Newbridge”)
is pleased to provide investment banking, and corporate advisory services to SQL Technologies Corp., a Florida corporation, (the “Company)
on the terms and conditions in this letter agreement (the “Agreement’’).

  

	1.	 Engagement; 
  Nature of Services.
	 	 
	 	Newbridge will act as the
  Company’s non-exclusive financial advisor with respect to the matters listed below and may perform such services as it deems
  reasonably necessary.

 

	a)	Corporate Advisory Services.
  Newbridge shall provide the Company with general corporate advisory services in connection with investment banking matters such
  as:

 

	 	i) 	Assist
    the Company in selecting and coordinating a team of financial service professionals to go public onto a National Exchange in the
    United States (NYSE American, NASDAQ or NYSE);
	 	ii)
    	Rendering
    of advice related to capital structures, U.S. capital market opportunities, asset allocation or exit strategies;
	 	iii)	Assisting
    in the preparation of a corporate presentation focused towards communicating with U.S. institutional and U.S. retail investor groups; 
	 	iv)	Assisting
    in the preparation of a comprehensive due diligence package that can be used for potential M&A, Joint-Venture or Capital Raise
    transactions;
	 	v)	Assist
    with coordinating outside corporate communications and investor relations professionals;
	 	vi)	Introduction
    to pertinent equity research professionals; 
	 	vii)	Assist
    in getting the Company to attend Investor conferences;
	 	viii)
    	Assist
    in drafting of press releases; and
	 	ix)	Make
    ourselves available for board meetings.

 

Newbridge
shall render such other investment banking or financial advisory services as may from time to time be agreed upon by Newbridge and the
Company (e.g., fairness opinions, business plans). The fees payable for any such other services shall be customary investment banking
or financial advisory fees to be mutually agreed upon based upon the nature and type of the services to be rendered.

 

Newbridge
shall not be required to undertake duties not reasonably within the scope of the investment banking or financial advisory services contemplated
by this Agreement or to spend any minimum amount of time in providing such services. Newbridge does not provide tax, accounting or legal
advice. Any capital raises (private placements, registered directs, and registered public offerings) shall be subject to a separate
agreement and are expressly not addressed in this Agreement.

 

    	 

     

    

 

	2.	Term; Termination of Engagement.

 

The
term of this engagement shall be for twelve (12) months from the date of this Agreement (the “Term”). Nevertheless, Newbridge’s
engagement may be terminated by either the Company or Newbridge at any time upon 15 days written notice to that effect to the
other party.

 

The
provisions of this Section 2 and of Sections 5, 6 and 7 of this Agreement shall survive termination.

 

If
upon expiry of the Term, and in the event that the Company successfully lists on a U.S. National Exchange within nine (9) months after
the Term, the Company shall pay to Newbridge the Corporate Advisory Fee outlined in Section 4 of this Agreement.

 

	3.	Information.

 

The
Company will furnish to Newbridge such information as Newbridge reasonably requests in connection with performing its services.
In performing its services, Newbridge will use and rely upon the information furnished by the Company as well as publicly available information
regarding the Company. Accordingly, Newbridge shall be entitled to assume and rely upon the accuracy and completeness of all such information
and is not required to independently verify any information, whether publicly available or otherwise furnished to it, including any financial
information, forecasts or projections. For any financial forecasts and projections made available to Newbridge, Newbridge may
assume that the forecasts and projections have been reasonably prepared on bases reflecting the best currently available estimates and
judgments of management of the Company. If, in Newbridge’s opinion after completing its due diligence process, the condition or
prospects of the Company, financial or otherwise, are not substantially as represented or do not fulfill Newbridge’s expectations,
Newbridge shall have the sole discretion to determine whether to continue to participate in a Corporate Advisory assignment.

 

	4.	 Fees. 

 

For
the services to be rendered by Newbridge, the Company shall pay to Newbridge the following Fees, as set forth below.

 

	a)
    	Corporate
    Advisory Fee: Within one week of successful listing the Company’s shares on a National Exchange in the United States (NYSE
    American, NASDAQ or NYSE), the Company shall pay to Newbridge a fee (“Corporate Advisory Fee”), of $500,000 USD (five
    hundred thousand dollars) in the form of shares of the restricted common stock of the Company (the “Shares”).
	 	 
	 	The
    number of Shares shall be determined by dividing $500,000 USD by the initial listing price of the Company’s shares on a National
    Exchange in the United States.
	 	 
	 	 All
     Shares issued pursuant to this Agreement shall bear a restrictive
    legend in accordance with the rules and regulations of the Securities and Exchange Commission and Paragraph 4(b) of this Agreement.
    Once paid, the Corporate Advisory Fee shall be non-refundable.
	 	 
	 	 All
     equity compensation received pursuant to this agreement, shall
    be subject to a lock-up provision, with the following schedule:

 

    	 

     

    

 

	 	i)
    	The
    Shares held as payment for the Term may be sold after a holding period that is six (6) months from the issuance of the Shares.

 

 At
 Newbridge’s option and upon Newbridge’s written instructions
to the Company, the Company shall issue all or a portion of the Stock from the Corporate Advisory Fee due to Newbridge under this
Agreement directly to specified Newbridge affiliates, employees or any other third-party assignee.

 

	5.	Expenses:
  

 

Newbridge
Securities will pre-approve with the Company any expenses related to this engagement (including travel expenses, legal fees and
other miscellaneous, etc.) incurred in connection with this Corporate Advisory assignment or otherwise arising out of this agreement.
Once approved, the Company shall reimburse Newbridge for all expenses due to it within 10 days of written receipt.

 

	6.	Scope of Responsibility.

 

Newbridge
shall not be liable to the Company, or to any other person claiming through the Company, for any claim, loss, damage, liability, or expense
suffered by the Company or any such other person arising out of or related to Newbridge’s engagement except for any claim, loss,
damage, liability or expense that arises out of, or is based upon, any action or failure to act by Newbridge that constitutes
bad faith, willful misconduct or gross negligence.

 

	7.	Indemnification; Contribution.

 

	 	a)	The
    Company agrees to indemnify and hold harmless Newbridge and its officers, directors, shareholders, employees, affiliates, agents
    and each person who controls Newbridge (and any of its affiliates) within the meaning of Section 15 of the Securities Act
    of 1933, as amended or Section 20 of the Securities Exchange Act of 1934, as amended (each an “Indemnified Person”),
    to the fullest extent lawful, against any and all claims, losses, damages, liabilities, and expenses (including all fees and disbursements
    of counsel and other expenses reasonably incurred in connection with the investigation of, preparation for and defense of any pending
    or threatened claim, action, proceeding, inquiry, investigation or litigation, to which an Indemnified Person may become subject)
    (collectively, “Damages”) incurred that arise out of or are related to any actual or proposed Corporate Advisory
    assignment or Newbridge’s engagement under this Agreement. However, this indemnification shall not include any Damages that
    are found in a final judgment by a court of competent jurisdiction to have resulted from the bad faith, willful misconduct or gross
    negligence of Newbridge. 
	 	 	 
	 	b)	If
    the indemnity above is unavailable or insufficient to hold harmless an Indemnified Person, then the Company shall contribute to amounts
    paid or payable by an Indemnified Person for Damages in such proportion as appropriately reflects the relative benefits received
    by the Company on the one hand and Newbridge on the other. If applicable law does not permit allocation solely on the basis of benefits,
    then such contribution shall be made in such proportion as appropriately reflects both the relative benefits and relative fault of
    the parties and other relevant equitable considerations. However, in no event shall Newbridge’s aggregate contributions for
    Damages exceed the amount of fees actually received by Newbridge under this Agreement.

 

    	 

     

    

 

	 	c)
    	Promptly
    after receipt by Newbridge of notice of any claim or the commencement of any action for which an Indemnified Person may be entitled
    to indemnity, Newbridge shall promptly notify the Company of such claim or the commencement of such against the Indemnified Person
    that would give rise to indemnification. However, any delay or failure to notify the Company will not relieve the Company of its
    indemnity obligation except to the extent it is materially prejudiced by such delay or failure. The Company may participate in the
    defense of the claim and shall assume the defense of the claim and shall pay as incurred the fees and disbursements of counsel for
    the proceeding. In any proceeding where the Company declines to assume the defense or the Company’s counsel is deemed to have
    a conflict of interest, the Indemnified Person shall have the right to retain its own counsel which shall be reasonably satisfactory
    to Newbridge. The Company shall pay the fees and expenses of such counsel as incurred. However, the Company shall not be responsible
    for the fees and expenses of more than one counsel (other than counsel of record) for all Indemnified Persons.
	 	 	 
	 	d)
    	The
    Company will not enter into any waiver, release or settlement for any threatened or pending claim, action, proceeding or investigation
    or settle any related litigation for which indemnification may be sought under this Agreement (whether or not Indemnified
    Persons are a formal party to the litigation), unless the waiver, release or settlement includes an unconditional release of
    each Indemnified Person from any and all liability arising out of the threatened or pending claim, action, proceeding, investigation
    or litigation.

 

	8.	Representations and Warranties;
  Covenants.

 

The
Company represents, warrants and covenants as follows:

 

	 	a)
    	All
    information provided by the Company will be accurate and complete in all material respects and will not contain any untrue statement
    of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in light of
    the circumstances under which such statements are made.
	 	 	 
	 	b)
    	During
    the term of this Agreement, the Company will (a) promptly notify Newbridge of any material development in the operations, financial
    condition or prospects of the Company or its assets, whether or not in the ordinary course of business, (b) provide copies
    of its annual reports and other financial reports at the earliest time the Company makes them available to others, and (c) provide
    such other information concerning the business and financial condition of the Company and its assets as Newbridge may from time to
    time reasonably request.
	 	 	 
	 	c)
    	The
    execution, delivery and performance of this Agreement and the consummation of the transactions contemplated in this Agreement have
    been duly authorized by all necessary corporate action and will not conflict with or constitute a breach of, or default under, or
    result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company pursuant to, any
    contract, indenture, mortgage, loan agreement, note lease or other instrument to which the Company is bound, or to which any
    property or assets of the Company are subject.

 

	9.	Reliance on Others. 

 

The
Company confirms that it will rely on its own counsel and accountants for legal, tax and accounting advice.

 

	10.	No Rights in Shareholders, etc.

 

Newbridge
has been engaged only by the Company, and this engagement is not deemed to be on behalf of and is not intended to confer rights upon
any shareholder, partner or other owner of the Company or any other person not a party to this Agreement as against Newbridge. Unless
otherwise expressly agreed, no one other than the Company is authorized to rely upon this engagement of Newbridge or to rely upon any
statements, advice, opinions or conduct by Newbridge.

 

    	 

     

    

 

	11.	Independent Contractor; No Fiduciary Duty; Non-Exclusive
Services.

 

Newbridge’s
role is that of an independent contractor and nothing in this Agreement is intended to create or shall be construed as creating
a fiduciary relationship between the Company and Newbridge. Newbridge and its affiliates provide financial advisory services, investment
banking services, and consulting advice to others. Nothing in this Agreement shall limit or restrict Newbridge in providing services
to others, except as such services may relate to matters concerning the Company’s business and properties.

 

	12.	Use of Name.

 

The
Company shall not utilize the name “Newbridge” or any derivative thereof, in any publication, announcement or otherwise,
without the prior written consent of Newbridge.

 

	13.	Public Disclosure.

 

After
receiving cost estimates, the Company agrees to distribute at its expense any pre-approved press release via Businesswire National
Circuit or a similar news service concerning the Company and its business, as Newbridge may reasonably request, so long as the
press release is compliant with US and Canadian securities laws.

 

	14.	Advertising.

 

Newbridge
may, with the Company’s written permission, at its option and expense: (a) place advertisements in financial and other newspapers
and journals (including electronic versions) describing its services to the Company and (b) use the Company’s corporate logo in
such advertising or related promotional materials (including electronic versions) concerning Newbridge’s services to the
Company. If requested by Newbridge, the Company shall include a mutually acceptable reference to Newbridge in any press release or other
public announcement made by the Company regarding a Corporate Advisory assignment.

 

	15.	Governing Law; Jurisdiction. 

 

This
Agreement shall be governed by and construed in all respects under the laws of the State of Florida, without reference to its conflict
of laws provisions. Any right to trial by jury for any claim, action, proceeding or litigation arising out of this Agreement or any of
the matters contemplated in this Agreement is waived by the Company and the Placement Agent. The parties hereby irrevocably and unconditionally:
submit to the jurisdiction of the federal and state courts located in Palm Beach County Florida, for any dispute related to
this Agreement or any of the matters contemplated hereby; consent to service of process by registered or certified mail return receipt
requested or by any other manner provided by applicable law; and waive any right to claim that any action, proceeding or litigation so
commenced has been commenced in an inconvenient forum.

 

	16.	Miscellaneous.

 

 Nothing
 in this Agreement is intended to obligate Newbridge to provide any
services other than as set forth above. This Agreement may be executed in counterparts, in PDF and/or email, each of which shall be deemed
an original, but which together shall be considered a single instrument. This Agreement constitutes the entire agreement between
the parties and supersedes all prior agreements and understandings (both written and oral) of the parties with respect to the subject
matter of this Agreement. This Agreement cannot be amended or otherwise modified except in writing signed by the parties. The provisions
of this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company and Newbridge.

 

	Sincerely,	 
	 	 
	Newbridge
    Securities Corporation	 
	 	             	 
	By:	/s/
    Robert Abrams	 
	Robert
    Abrams	 
	General
    Counsel & Chief Compliance Officer 	 
	Managing
    Director, Investment Banking	 

 

	ACCEPTED
    AND AGREED:	 
	 	 
	SQL
    Technologies Corp.	 
	 	                	 
	By:	/s/
    John Campi	 
	John
    Campi | Chief Executive OfficerExhibit
10.31 

 

 

INVESTMENT
BANKING ENGAGEMENT AGREEMENT

 

May
20th, 2021

 

SQL
Technologies Corp.

John
Campi | Chief Executive Officer

2855
West McNab Road

Pompano
Beach, FL 33069

 

Dear
Mr. Campi:

 

Newbridge
Securities Corporation (“Newbridge”) is pleased to provide non-exclusive Mergers & Acquisitions (“M&A”)
services to SQL Technologies Corp., a Florida corporation, (the “Company) with respect to identifying, analyzing, structuring,
negotiating and consummating one or several M&A Transactions (as defined in Section 17 below) on the terms and conditions in this
letter agreement (the “Agreement”).

 

1.
Engagement; Nature of Services.

 

Newbridge
will act as the Company’s non-exclusive financial advisor with respect to the matters listed below and may perform such services
as it deems reasonably necessary.

 

a)
M&A Services

 

		i.	Using
                                            its reasonable efforts in identifying and introducing the Company to potential merger partners
                                            or acquirers of the Company, specifically a Special Purpose Acquisition Company (“SPAC”)
                                            or a public company that trades on a U.S. Exchange, (collectively, “Targets”);
		ii.	Providing
                                            advice and assistance in connection with structuring and negotiating of any M&A Transaction;
		iii.	Performing
                                            financial, strategic and valuation analyses of Targets; and
		iv.	Working
                                            with the Company and its professionals in closing any M&A Transaction as deemed appropriate
                                            and necessary.

 

Newbridge
shall not be required to undertake duties not reasonably within the scope of the investment banking or financial advisory services
contemplated by this Agreement or to spend any minimum amount of time in providing such services. Newbridge does not provide tax, accounting
or legal advice. Any public offerings shall be subject to a separate agreement and are expressly not addressed in this Agreement.

 

    	 

     

    

 

2.
Information.

 

The
Company will furnish and will request the other parties to an M&A Transaction to furnish, to Newbridge such information as Newbridge
reasonably requests in connection with performing its services. In performing its services, Newbridge will use and rely upon the
information furnished by the Company and the other parties to a Transaction as well as publicly available information regarding the Company
and the other parties to a Transaction. Accordingly, Newbridge shall be entitled to assume and rely upon the accuracy and completeness
of all such information and is not required to independently verify any information, whether publicly available or otherwise furnished
to it, including any financial information, forecasts or projections. For any financial forecasts and projections made available to Newbridge
by the Company or the other parties to a Transaction, Newbridge may assume that the forecasts and projections have been reasonably
prepared on bases reflecting the best currently available estimates and judgments of management of the Company or the other parties to
a Transaction. If, in Newbridge’s opinion after completing its due diligence process, the condition or prospects of the Company,
financial or otherwise, are not substantially as represented or do not fulfill Newbridge’s expectations, Newbridge shall
have the sole discretion to determine whether to continue to participate in any proposed M&A Transaction.

 

3.
M&A Transaction Fees.

 

At
the closing of an M&A Transaction, the Company shall pay to Newbridge a fee (each an “M&A Transaction Fee”) as described
in the schedule below.

 

		■	Two
                                            Percent (2.0%) of the Aggregate Consideration (as defined in Section 17) of any M&A Transaction.

 

The
fee shall be paid in Equity, and the common share equivalents will be calculated on the close of trading on the date of closing of the
M&A Transaction, and the Common Stock shall be issued within 5 business days upon closing of the M&A Transaction.

 

The
equity received as part of the M&A Transaction Fee, shall be subject to a leak-out provision, with the following schedule:

 

		■	100%
                                            of the original stock held, can be sold after a holding period of six (6) months from
                                            the date of the closing of the M&A Transaction.

 

However,
to the extent all or part of an M&A Transaction Fee due to Newbridge results from consideration that is contingent upon the occurrence
of some future event (e.g., an earnout or the realization of earnings projections), the part of the Transaction Fee related to the contingent
consideration shall be payable upon the receipt of such consideration.

 

At
Newbridge’s option and upon Newbridge’s written instructions to the Company, the Company shall issue all or a portion of
the Shares due to Newbridge under this Agreement directly to specified Newbridge affiliates, employees or any other third-party
assignee. Such assignees shall also be subject to the lock-up provisions described above. The stock certificates evidencing such Shares
shall include a legend reflecting the leak-out provisions.

 

4.
Expenses.

 

In
addition to any fees, and regardless of whether any M&A Transaction is proposed or closed, the Company agrees, from time to time
upon written request, to reimburse Newbridge for: (a) all reasonable travel and related expenses arising out of this engagement including,
without limitation, our due diligence (including travel expenses incurred in connection with due diligence) and (b) all other reasonable
out-of-pocket expenses incurred in connection with any actual or proposed M&A Transaction or otherwise arising out of this agreement.
However, all such expenses shall be subject to the Company’s prior approval, which shall not be unreasonably withheld. The Company
shall reimburse Newbridge for all expenses due to it within 15 days of written receipt.

 

    	 

     

    

 

5.
Scope of Responsibility.

 

Newbridge
shall not be liable to the Company, or to any other person claiming through the Company, for any claim, loss, damage, liability, or expense
suffered by the Company or any such other person arising out of or related to Newbridge’s engagement except for any claim, loss,
damage, liability or expense that arises out of, or is based upon, any action or failure to act by Newbridge that constitutes bad faith,
willful misconduct or gross negligence.

 

6.
Indemnification; Contribution.

 

	 	a)	The
  Company agrees to indemnify and hold harmless Newbridge and its officers,directors, shareholders, employees, affiliates, agents and
  each person who controls Newbridge (and any of its affiliates) within the meaning of Section 15 of the Securities Act of 1933, as amended
  or Section 20 of the Securities Exchange Act of 1934, as amended (each an “Indemnified Person”), to the fullest extent
  lawful, against any and all claims, losses, damages, liabilities, and expenses (including all fees and disbursements of counsel and
  other expenses reasonably incurred in connection with the investigation of, preparation for and defense of any pending or threatened
  claim, action, proceeding, inquiry, investigation or litigation, to which an Indemnified Person may become subject) (collectively,
  “Damages”) incurred that arise out of or are related to any actual or proposed Corporate Advisory assignment or Newbridge’s
  engagement under this Agreement. However, this indemnification shall not include any Damages that are found in a final judgment
  by a court of competent jurisdiction to have resulted from the bad faith, willful misconduct or negligence of Newbridge.
	 	 	 
	 		Promptly
  after receipt by Newbridge of notice of any claim or the commencement of any action for which an Indemnified Person may be entitled
  to indemnity, Newbridge shall promptly notify the Company of such claim or the commencement of such against the Indemnified Person
  that would give rise to indemnification. However, any delay or failure to notify the Company will not relieve the Company of its indemnity
  obligation except to the extent it is materially prejudiced by such delay or failure. The Company may participate in the defense of
  the claim and shall assume the defense of the claim and shall pay as incurred the fees and disbursements of counsel for the
  proceeding. In any proceeding where the Company declines to assume the defense or the Company’s counsel is deemed to have a conflict
  of interest, the Indemnified Person shall have the right to retain its own counsel which shall be reasonably satisfactory to Newbridge.
  The Company shall pay the fees and expenses of such counsel as incurred. However, the Company shall not be responsible for the fees
  and expenses of more than one counsel (other than counsel of record) for all Indemnified Persons.
	 	 	 
	 	b)	The
  Company will not enter into any waiver, release or settlement for any threatened or pending claim, action, proceeding or
  investigation or settle any related litigation for which indemnification may be sought under this Agreement (whether or not
  Indemnified Persons are a formal party to the litigation), unless the waiver, release or settlement includes an unconditional
  release of each Indemnified Person from any and all liability arising out of the threatened or pending claim, action, proceeding,
  investigation or litigation.
	 	 	 
	 	c)	Newbridge
  shall indemnify the Company for any actions on its part related to this Agreement for its bad faith, willful misconduct or negligence.

 

    	 

     

    

 

7.
Term;  Termination of Engagement.

 

The
term of this engagement shall be for twelve (12) months from the date of this Agreement. But if at the end of such period negotiations
or discussions are in progress for an M&A Transaction, then the term of this engagement shall be automatically extended on
a month-to-month basis until all negotiations or discussions cease. Nevertheless, Newbridge’s engagement may be terminated
by either the Company or Newbridge at any time upon written notice to that effect to the other party. Upon expiration or termination
of this Agreement, Newbridge shall provide the Company with a written list of parties with whom it has had discussions in connection
with any proposed M&A Transaction. After this Agreement expires or if the Company terminates this Agreement without Cause (as defined
below), Newbridge shall be paid its full fee under Section 3 if (a) at any time within twelve (12) months after termination of this Agreement,
an M&A Transaction is consummated with a party identified to the Company by Newbridge on the list, or (b) the Company enters
into an agreement during the term of this Agreement or during the following 12 months contemplating an M&A Transaction and the M&A
Transaction is ultimately consummated with a party identified on the list. “Cause” means a material breach of this Agreement
by Newbridge, which breach shall not have been cured within a reasonable period following written notice of the breach to Newbridge by
the Company.

 

The
provisions of this Section 7 and of Sections 4, 5 and 6 of this Agreement shall survive termination.

 

8.
Representations and Warranties; Covenants  . 

 

The
Company represents, warrants and covenants as follows:

 

	 	d)	All information provided
  by the Company will be accurate and complete in all material respects and will not contain any untrue statement of a material fact
  or omit to state a material fact necessary in order to make the statements therein not misleading in light of the circumstances under
  which such statements are made.
	 	 	 
	 	e)	During the term of this Agreement,
  the Company will (a) promptly notify Newbridge of any material development in the operations, financial condition or prospects of the
  Company or its assets, whether or not in the ordinary course of business, (b) provide copies of its annual reports and other financial
  reports at the earliest time the Company makes them available to others, and (c) provide such other information concerning the business
  and financial condition of the Company and its assets as Newbridge may from time to time reasonably request.
	 	 	 
	 	f)	The
  execution, delivery and performance of this Agreement and the consummation of the transactions contemplated in this Agreement have
  been duly authorized by all necessary corporate action and will not conflict with or constitute a breach of, or default under,
  or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company pursuant
  to, any contract, indenture, mortgage, loan agreement, note lease or other instrument to which the Company is bound, or to which any
  property or assets of the Company are subject.

 

9.
Reliance on Others.

 

The
Company confirms that it will rely on its own counsel and accountants for legal, tax and accounting advice.

 

10.
No Rights in Shareholders, etc.

 

Newbridge
has been engaged only by the Company, and this engagement is not deemed to be on behalf of and is not intended to confer rights upon
any shareholder, partner or other owner of the Company or any other person not a party to this Agreement as against Newbridge. Unless
otherwise expressly agreed, no one other than the Company is authorized to rely upon this engagement of Newbridge or to rely upon any
statements, advice, opinions or conduct by Newbridge. 

 

    	 

     

    

 

11.
Independent Contractor; No Fiduciary Duty; Non-Exclusive Services.

 

Newbridge’s
role is that of an independent contractor and nothing in this Agreement is intended to create or shall be construed as creating
a fiduciary relationship between the Company and Newbridge. Newbridge and its affiliates provide financial advisory services, investment
banking services, and consulting advice to others. Nothing in this Agreement shall limit or restrict Newbridge in providing services
to others, except as such services may relate to matters concerning the Company’s business and properties.

 

12.
Use of Name.

 

The
Company shall not utilize the name “Newbridge” or any derivative thereof, in any publication, announcement or otherwise,
without the prior written consent of Newbridge.

 

13.
Public Disclosure.

 

The
Company agrees to distribute at its expense any pre-approved press release via Businesswire National Circuit or a similar news
service concerning the Company and its business, as Newbridge may reasonably request. 

 

14.
Advertising.

 

 Newbridge
 may, with written permission from the Company, at its option and expense:
(a) place advertisements in financial and other newspapers and journals (including electronic versions) describing its services to the
Company and (b) use the Company’s corporate logo in such advertising or related promotional materials (including electronic versions)
concerning Newbridge’s services to the Company. If requested by Newbridge, the Company shall include a mutually acceptable reference
to Newbridge in any press release or other public announcement made by the Company regarding an M&A Transaction.

 

15.
Governing Law; Jurisdiction  . 

 

This
Agreement shall be governed by and construed in all respects under the laws of the State of Florida, without reference to its conflict
of laws provisions. Any right to trial by jury for any claim, action, proceeding or litigation arising out of this Agreement or any of
the matters contemplated in this Agreement is waived by the Company and the Placement Agent. The parties hereby irrevocably and unconditionally:
submit to the jurisdiction of the federal and state courts located in Palm Beach County Florida, for any dispute related to this Agreement
or any of the matters contemplated hereby; consent to service of process by registered or certified mail return receipt requested or
by any other manner provided by applicable law; and waive any right to claim that any action, proceeding or litigation so commenced has
been commenced in an inconvenient forum.

 

16.
Miscellaneous.

 

Nothing
in this Agreement is intended to obligate Newbridge to provide any services other than as set forth above. This Agreement may
be executed in counterparts, each of which shall be deemed an original, but which together shall be considered a single instrument. This
Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings (both written and
oral) of the parties with respect to the subject matter of this Agreement. This Agreement cannot be amended or otherwise modified except
in writing signed by the parties. The provisions of this Agreement shall inure to the benefit of and be binding upon the successors and
assigns of the Company and Newbridge.

 

    	 

     

    

 

17.
Definitions.

 

	 	a)	“M&A Transaction”
  shall mean any business combination through purchase, sale, or merger,in one or more transactions through the purchase of an organization’s
  equity, or assets.
	 	 	 
	 	b)	“Aggregate Consideration”
  shall mean only the total equity consideration, that is exchanged or received, or to be exchanged or received directly or indirectly
  by the Company or any of its security holders or subsidiaries or affiliates in connection with an M&A Transaction, including any
  amounts paid or received, or to be paid or received under any employment agreement (to the extent the amounts in the employment agreement
  exceed reasonable and customary compensation for actual services to be rendered), consulting agreement, covenant not to compete, earn-out
  or contingent payment right or similar arrangement, agreement or understanding, whether oral or written, associated with an M&A
  Transaction.
	 	 	 
	 		Consideration paid or to
  be paid other than in cash shall be valued at fair market value, except that liabilities assumed, and notes issued will be valued
  at their face amount. The fair market value of consideration paid in securities for which there is a recognized trading market shall
  be based on the closing “offer” price of the securities on the day immediately preceding the closing of the M&A Transaction
  and shall be computed as if the securities were freely tradable.
	 	 	 
	 		If the value of any portion
  of the consideration is not readily determinable as of the applicable closing, then the Company and Newbridge will determine a dollar
  equivalent by agreement before such closing based on the fair value as defined under US GAAP. Similarly, any amounts to be paid contingent
  upon future events shall be estimated on the same basis in a manner mutually agreeable to the Company and Newbridge, and that all amounts
  shall be deemed eligible and paid when the amount is payable or when the amount is released from escrow.
	 	 	 
	 	 	If the foregoing correctly
  sets forth the understanding between Newbridge and the Company, please so indicate in the space provided below for that purpose within
  five (5) business days of the date hereof or this Agreement shall be withdrawn and become null and void. The undersigned parties hereto
  have caused this Agreement to be duly executed by their authorized representatives, pursuant to corporate board approval and intend
  to be legally bound.

 

Sincerely,

 

Newbridge
Securities Corporation

 

	By:	/s/
    Robert Abrams	 
	 	Robert
    Abrams 	 
	 	General
    Counsel & Chief Compliance Officer	 
	 	Managing
    Director, Investment Banking	 

 

ACCEPTED
AND AGREED:

 

SQL
Technologies Corp.

 

	By:	/s/
  John Campi	 
	 	John Campi	 
	 	Chief Executive Officer

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