Document:

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”), dated as of January 25, 2018, is made by and between Global Technologies,
Ltd, a Delaware corporation (the “Company”), and the undersigned, who is either a director or an officer (or both)
of the Company (the “Indemnitee”), with this Agreement to be deemed effective as of the date that the Indemnitee first
assumed either such capacity at the Company.

 

RECITALS

 

A.
The Company is aware that competent and experienced persons are reluctant to serve as directors or officers of corporations unless
they are protected by comprehensive liability insurance and indemnification, due to the exposure to litigation costs and risks
resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship
to the compensation of such directors and officers;

 

B.
The Board of Directors of the Company (the “Board”) has concluded that, to retain and attract talented and experienced
individuals to serve as officers or directors of the Company, it is necessary for the Company contractually to indemnify certain
of such persons and to assume for itself maximum liability for expenses and damages in connection with claims against such persons
in connection with their service to the Company;

 

C.
Section 145 of the General Corporation Law of the State of Delaware under which the Company is organized (“Section 145”),
empowers the Company to indemnify by agreement its present and former officers and directors and persons who serve, at the request
of the Company, as directors or officers of other corporations, partnerships, joint ventures, trusts, or other enterprises and
expressly provides that the indemnification provided by Section 145 is not exclusive; and

 

D.
The Company desires and has requested the Indemnitee to serve or continue to serve as a director or an officer of the Company
free from undue concern for claims for damages arising out of or related to such services to the Company.

 

NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.
Definitions

 

1.1
Agent. For the purposes of this Agreement, “agent” of the Company means any person who is or was a director
or an officer of the Company or a subsidiary of the Company; or is or was serving at the request of the Company or a subsidiary
of the Company as a director or an officer of another foreign or domestic corporation, partnership, joint venture, trust, or other
enterprise or an affiliate of the Company. The term “enterprise” includes any employee benefit plan of the Company,
its subsidiaries, affiliates, and predecessor corporations.

 

1.2
Company. For purposes of this Agreement, the “Company” includes, in addition to the resulting corporation,
any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger that, if its separate
existence had continued, would have had power and authority to indemnify its directors or officers so that any person who is or
was a director or an officer of such constituent corporation, or is or was serving at the request of such constituent corporation
as a director or an officer of another corporation, partnership, joint venture, trust, or other enterprise, shall stand in the
same position under this Agreement with respect to the resulting or surviving corporation as such person would have with respect
to such constituent corporation if its separate existence had continued.

 

1.3
Expenses. For the purposes of this Agreement, “expenses” includes all direct and indirect costs of any type
or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements and other out-of-pocket
costs) actually and reasonably incurred by the Indemnitee in connection with the investigation, defense, or appeal of a proceeding
or establishing or enforcing a right to indemnification or advancement of expenses under this Agreement, Section [  ] or otherwise;
provided, however, that expenses shall not include any judgments, fines, ERISA excise taxes or penalties, or amounts
paid in settlement of a proceeding.

 

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1.4
Fines. For purposes of this Agreement, references to “fines” includes any excise taxes assessed on a person
with respect to any employee benefit plan.

 

1.5
Liabilities. For purposes of this Agreement, “liabilities” means judgments, fines, ERISA execute taxes or penalties,
and amounts paid in settlement in connection with a proceeding.

 

1.6
Other Enterprises. For purposes of this Agreement, “other enterprises” includes employee benefit plans.

 

1.7
Proceeding. For the purposes of this Agreement, “proceeding” means any threatened, pending, or completed action,
suit, or other proceeding, whether civil, criminal, administrative, or investigative.

 

1.8
Subsidiary. For purposes of this Agreement, “subsidiary” means any corporation of which more than 50% of the
outstanding voting securities is owned directly or indirectly by the Company, by the Company and one or more of its subsidiaries,
or by one or more of the Company’s subsidiaries.

 

1.9
Serving at the Request of the Company. For purposes of this Agreement, “serving at the request of the Company”
includes any service as a director or an officer of the Company that imposes duties on, or involves services by, such director
or officer with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and
in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit
plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in
this Agreement.

 

2.
Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at the will of
the Company (or under separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent
of the Company, faithfully and to the best of his ability, so long as he is duly appointed or elected and qualified in accordance
with the applicable provisions of the charter documents of the Company or any subsidiary of the Company; provided, however,
that the Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation that the
Indemnitee may have assumed apart from this Agreement), and the Company and any subsidiary shall have no obligation under this
Agreement to continue the Indemnitee in any such position.

 

3.
Directors’ and Officers’ Insurance. The Company shall, to the extent that the Board determines it to be economically
reasonable, maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on
such terms and conditions as may be approved by the Board.

 

4.
Mandatory Indemnification. Subject to Section 9 below, the Company hereby agrees to hold harmless and indemnify the Indemnitee
to the fullest extent permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification,
and without limiting the generality thereof:

 

4.1
Third-Party Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding
(except an action by or in the right of the Company) by reason of the fact that the Indemnitee is or was an agent of the Company,
or by reason of anything done or not done by the Indemnitee in any such capacity, against any and all expenses and liabilities
of any type whatsoever incurred by the Indemnitee in connection with such proceeding if (a) the Indemnitee acted in good faith
and in a manner the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company and, with respect
to any criminal action or proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful, or (b) the
Indemnitee, if a director or an officer of the Company, did not act or fail to act in a manner that constituted a breach of the
Indemnitee’s fiduciary duties as a director or an officer or such Indemnitee’s breach of those duties did not involve
intentional misconduct, fraud, or a knowing violation of law; and

 

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4.2
Derivative Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding
by or in the right of the Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was an agent
of the Company, or by reason of anything done or not done by the Indemnitee in any such capacity, against any and all expenses
and liabilities incurred by the Indemnitee in connection with such proceeding if (a) the Indemnitee acted in good faith and in
a manner the Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Company, or (b) the Indemnitee,
if a director or an officer of the Company, did not act or fail to act in a manner that constituted a breach of the Indemnitee’s
fiduciary duties as a director or an officer or such Indemnitee breach of those duties involved intentional misconduct, fraud,
or a knowing violation of law; except that no indemnification under this subsection shall be made in respect of any claim,
issue, or matter as to which the Indemnitee shall have been adjudged by a court of competent jurisdiction, after the exhaustion
of all appeals therefrom, to be liable to the Company or for amounts paid in settlement to the Company, unless and only to the
extent that the court in which such proceeding was brought or another court of competent jurisdiction determines upon application
that, in view of all the circumstances of the case, the Indemnitee is fairly and reasonable entitled to indemnity for such expenses
as the court deems proper; and

 

4.3
Exception for Amounts Covered by Insurance. Notwithstanding the foregoing, the Company shall not be obligated to indemnify
the Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise
taxes or penalties, and amounts paid in settlement) to the extent such have been paid to the Indemnitee by D&O Insurance.

 

4.4
Indemnification for Expenses as a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
is, by reason of the Indemnitee’s status as an agent of the Company, a witness, or is made (or asked) to respond to discovery
requests, in any proceeding to which Indemnitee is not a party, the Indemnitee shall be indemnified against all expenses and liabilities
of any type whatsoever actually and reasonably incurred by him or her or on his or her behalf in connection therewith.

 

5.
Partial Indemnification and Contribution.

 

5.1
Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the
Company for some or a portion of any expenses or liabilities of any type whatsoever incurred by the Indemnitee in connection with
a proceeding but is not entitled, however, to indemnification for all of the total amount thereof, then the Company shall nevertheless
indemnify the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is not entitled to indemnification.

 

5.2
Contribution. If the Indemnitee is not entitled to the indemnification provided in Section 4 for any reason other than
the statutory limitations set forth in the Florida Revised Statutes, then in respect of proceeding in which the Company is jointly
liable with the Indemnitee (or would be if joined in such proceeding), the Company shall contribute to the amount of expenses
and liabilities paid or payable by the Indemnitee in such proportion as is appropriate to reflect (a) the relative benefits received
by the Company on the one hand and the Indemnitee on the other hand from the transaction from which such proceeding arose and
(b) the relative fault of the Company on the one hand and of the Indemnitee on the other hand in connection with the events that
resulted in such expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one
hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative
intent, knowledge, access to information, and opportunity to correct or prevent the circumstances resulting in such expenses,
judgments, fines, or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to
this Section 5 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing
equitable considerations.

 

6.
Mandatory Advancement of Expenses.

 

6.1
Advancement. Subject to Section 9 below, the Company shall pay as incurred and in advance of the final disposition of a
civil or criminal proceeding all expenses incurred by the Indemnitee in connection with defending any such proceeding to which
the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of
the Company or by reason of anything done or not done by the Indemnitee in any such capacity. The Indemnitee hereby undertakes
to promptly repay such amounts advanced only if, and to the extent that, it shall ultimately by determined that the Indemnitee
is not entitled to be indemnified by the Company under the provisions of this Agreement, the Articles of Incorporation or Bylaws
of the Company, the Florida Revised Statutes, or otherwise. The advances to be made hereunder shall be paid by the Company to
the Indemnitee within thirty (30) days following delivery of a written request therefor by the Indemnitee to the Company.

 

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6.2
Exception. Notwithstanding the foregoing provisions of this Section 6, the Company shall not be obligated to advance any
expenses to the Indemnitee arising from a lawsuit filed directly by the Company against the Indemnitee if an absolute majority
of the members of the Board reasonably determines in good faith, within thirty (30) days of the Indemnitee’s request to
be advanced expenses, that the facts known to them at the time such determination is made demonstrate clearly and convincingly
that the Indemnitee acted in bad faith. If such a determination is made, the Indemnitee may have such decision reviewed in the
manner set forth in Section 8.5 hereof, with all references therein to “indemnification” being deemed to refer
to “advancement of expenses,” and the burden of proof shall be on the Company to demonstrate clearly and convincingly
that, based on the facts known at the time, the Indemnitee acted in bad faith. The Company may not avail itself of this Section
6.2 as to a given lawsuit if, at any time after the occurrence of the activities or omissions that are the primary focus of the
lawsuit, the Company has undergone a change in control. For this purpose, a “change in control” shall mean a given
person of group of affiliated persons or groups increasing their beneficial ownership interest in the Company by at least twenty
(20) percentage points without advance Board approval.

 

7.
Notice and Other Indemnification Procedures.

 

7.1
Notification. Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of
any proceeding, the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from
the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof.

 

7.2
Insurance. If, at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7.1 hereof,
the Company has D&O Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary
or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding
in accordance with the terms of such D&O Insurance policies.

 

7.3
Defense. In the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee,
the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee
(which approval shall not be unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election to
do so. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company,
the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee
with respect to the same proceeding, provided that (a) the Indemnitee shall have the right to employ the Indemnitee’s
own counsel in any such proceeding at the Indemnitee’s expense; (b) the Indemnitee shall have the right to employ the Indemnitee’s
own counsel in connection with any such proceeding, at the expense of the Company, if such counsel serves in a review, observer,
advice, and counseling capacity and does not otherwise materially control or participate in the defense of such proceeding; and
(c) if (i) the employment of counsel by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall
have reasonably concluded that there may be conflict of interest between the Company and the Indemnitee in the conduct of any
such defense, or (iii) the Company shall not, in fact, have employed counsel to assume the defense of such proceeding, then the
fees and expenses of the Indemnitee’s counsel shall be at the expense of the Company.

 

8.
Determination of Right to Indemnification.

 

8.1
Success on Merits. To the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding
referred to in Section 4.1 or 4.2 of this Agreement or in the defense of any claim, issue, or matter described therein, the Company
shall indemnify the Indemnitee against expenses actually and reasonably incurred by the Indemnitee in connection with the investigation,
defense, or appeal of such proceeding, or such claim, issue, or matter, as the case may be.

 

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8.2
Proof by Company. In the event that Section 8.1 is inapplicable, or does not apply to the entire proceeding, the Company
shall nonetheless indemnify the Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in
Section 8.4 below that the Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such
indemnification.

 

8.3
Termination of Proceeding. The termination of any proceeding by judgment, order, settlement, conviction, or upon a plea
of nolo contendere its equivalent, does not, of itself, create a presumption that a person (a) did not act in good faith and in
a manner the person reasonably believed to be in or not opposed to the best interests of the Company, (b) with respect to any
criminal action or proceeding, that the person had reasonable cause to believe that the person’s conduct was unlawful, or
(c) the person’s act or failure to act constituted a breach of the person’s fiduciary duties as a director or an officer
or the person’s breach of those duties involved intentional misconduct, fraud, or a knowing violation of law.

 

8.4
Applicable Forums. The Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim
under Section 8.2 hereof that the Indemnitee is not entitled to indemnification will be heard from among the following, except
that the Indemnitee can select a forum consisting of the stockholders of the Company only with the approval of the Company
and, if the Indemnitee is a director or an officer at the time of such determination, the determination shall be made in accordance
with (a), (b), (c) or (d) below at the election of the Company:

 

(a)
A majority vote of the directors who are not parties to the proceeding for which indemnification is being sought even though less
than a quorum;

 

(b)
By a committee of directors who are not parties to the proceeding for which indemnification is being sought designated by a majority
vote of such directors, even though less than a quorum;

 

(c)
If there are no directors who are not parties to the proceeding for which indemnification is sought, or if such directors so direct,
by independent legal counsel in a written opinion;

 

(d)
The stockholders of the Company;

 

(e)
A panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last
of whom is selected by the first two arbitrators so selected; or

 

(f)
A court having jurisdiction of subject matter and the parties.

 

8.5
Submission. As soon as practicable, and in no event later than thirty (30) days after the forum has been selected pursuant
to Section 8.4 above, the Company shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not
entitled to indemnification, and the Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity
to defend against such claim.

 

8.6
Appeals. If the forum selected in accordance with Section 8.4 hereof is not a court, then after the final decision of such
forum is rendered, the Company or the Indemnitee shall have the right to apply to a court of California, the court in which the
proceeding giving rise to the Indemnitee’s claim for indemnification is or was pending, or any other court of competent
jurisdiction, for the purpose of appealing the decision of such forum, provided that such right is executed within sixty
(60) days after the final decision of such forum is rendered. If the forum selected in accordance with Section 8.4 hereof is a
court, then the rights of the Company or the Indemnitee to appeal any decision of such court shall be governed by the applicable
laws and rules governing appeals of the decision of such court.

 

8.7
Expenses for Interpretation. Notwithstanding any other provision in this Agreement to the contrary, the Company shall indemnify
the Indemnitee against all expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Section
8 involving the Indemnitee and against all expenses incurred by the Indemnitee in connection with any other proceeding between
the Company and the Indemnitee involving the interpretation or enforcement of the rights of the Indemnitee under this Agreement
unless a court of competent jurisdiction finds that each of the material claims and/or defenses of the Indemnitee in any such
proceeding was frivolous or not made in good faith.

 

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9.
Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to
the terms of this Agreement in the following circumstances:

 

9.1
Claims Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims
initiated or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings specifically
authorized by the Board or brought to establish or enforce a right to indemnification and/or advancement of expenses arising under
this Agreement, the charter documents of the Company or any subsidiary, or any statute or law or otherwise, but such indemnification
or advancement of expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

9.2
Unauthorized Settlements. To indemnify the Indemnitee hereunder for any amounts paid in settlement of a proceeding unless
the Company consents in advance in writing to such settlement, which consent shall not be unreasonably withheld; or

 

9.3
Securities Law Actions. To indemnify the Indemnitee on account of any suit in which judgment is rendered against the Indemnitee
for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the company pursuant to the provisions
of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state, or
local statutory law; or

 

9.4
Unlawful Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the mater shall
determine that such indemnification is not lawful. In this respect, the Company and the Indemnitee have been advised that the
Securities and Exchange Commission takes the position that indemnification for liabilities arising under the federal securities
laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate
courts for adjudication.

 

10.
Non-Exclusivity. The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be
deemed exclusive of any other rights that the Indemnitee may have under any provision of law, the Company’s Certificate
of Incorporation or Bylaws, the vote of the Company’s stockholders or disinterested directors, other agreements, or otherwise,
both as to action in the Indemnitee’s official capacity and to action in another capacity while occupying the Indemnitee’s
position as an agent of the Company, and the Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased
acting as an agent of the Company and shall inure to the benefit of the heirs, executors, and administrators of the Indemnitee.

 

11.
General Provisions.

 

11.1
Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced
so as to provide indemnification and advancement of expenses to the Indemnitee to the fullest extent now or hereafter permitted
by law, except as expressly limited herein.

 

11.2
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal, or unenforceable for
any reason whatsoever, then: (a) the validity, legality, and enforceability of the remaining provisions of this Agreement (including,
without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal,
or unenforceable that are not themselves invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby;
and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs
of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that are not themselves invalid,
illegal, or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal,
or unenforceable and to give effect to Section 11.1 hereof.

 

11.3
Modification and Waiver. No supplement, modification, or amendment of this Agreement shall be binding unless executed in
writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver
of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

 

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11.4
Subrogation. In the event of full payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be
necessary or desirable to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

11.5
Counterparts. This Agreement may be executed in one or more counterparts, which shall together constitute one agreement.

 

11.6
Successors and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns
of the parties hereto. The indemnification and advancement of expenses provided by, or granted pursuant to, this section shall,
unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director or an officer and
shall inure to the benefit of the heirs, executors, and administrators of such a person.

 

11.7
Notice. All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be
deemed duly given if (a) delivered by hand and receipted for by the party addressee, or (b) mailed by certified or registered
mail, with postage prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown
on the signature page of this Agreement or as subsequently modified by written notice.

 

11.8
Governing Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Florida,
as applied to contracts between Florida residents entered into and to be performed entirely within Florida.

 

11.9
Consent to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts
of the State of Florida for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement.

 

11.10
Attorneys’ Fees. In the event Indemnitee is required to bring any action to enforce rights under this Agreement (including,
without limitation, the expenses of any proceeding described in Section 4), the Indemnitee shall be entitled to all reasonable
fees and expenses in bringing and pursuing such action, unless a court of competent jurisdiction finds each of the material claims
of the Indemnitee in any such action was frivolous and not made in good faith.

 

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IN
WITNESS WHEREOF, the parties hereto have entered into this Indemnification Agreement effective as of the date first written
above.

 

	GLOBAL
    TECHNOLOGIES LTD 	 	INDEMNITEE:
	 	 	 
	By:	/s/
Jimmy Wayne Anderson 
	 	By:	/s/
    Jimmy Wayne Anderson
	 	 	 	 	 
	Name:	Jimmy
    Wayne Anderson	 	Name:	Jimmy
    Wayne Anderson
	 	 	 	 	 
	Title:	President	 	 	 

 

    	8CONSULTING
AGREEMENT

 

This
Consulting Agreement (the “Agreement”) is made and entered into as of this 22nd day of August 2019, by and between
Global Technologies, Ltd (hereinafter the “Company”), a Delaware corporation whose address is 501 1st
Ave N., Suite 901, St. Petersburg, FL 33701 and Sylios Corp (hereinafter the “Consultant”), a Florida
corporation whose address is 501 1st Ave N., Suite 901, St. Petersburg, FL 33701, (individually, a “Party”;
collectively, the “Parties”). This Agreement is non-exclusive.

 

RECITALS

 

WHEREAS,
the Company has asked to retain Consultant to provide various services to the Company as agreed to by both parties and outlined
in Section 3; and

 

WHEREAS,
the Consultant has advised the Company of its willingness and desire to provide such services as outlined in Section 3 and on
the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, the Parties hereto hereby agree as follows:

 

1.
CONDITIONS. This Agreement will not take effect, and Consultant will have no obligation to provide any service whatsoever,
unless and until the Company sends a signed copy of this Agreement to Consultant (either by mail or facsimile copy). The Company
shall be truthful with Consultant in regard to any relevant material regarding the Company, verbally or otherwise, or this entire
Agreement will terminate and all consideration paid shall be forfeited without further notice.

 

Upon
execution of this Agreement, the Company agrees to cooperate with Consultant in carrying out the purposes of this Agreement, keep
Consultant informed of any developments of importance pertaining to the Company’s business and abide by this Agreement in
its entirety.

 

2.
TERM OF AGREEMENT. This Agreement shall be in full force and effect commencing on August 22, 2019 and shall remain in
effect for six (6) months or until Consultant completes the services requested. Either Party shall have the right to
terminate this Agreement without notice in the event of the bankruptcy, insolvency, or assignment for the benefit of
creditors of the other Party. Either Party shall have the right to terminate this Agreement with notice, and the effective
date of termination shall be the date such notice is received (by mail, overnight delivery, or fax) by the terminated
Party.

 

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3.
CONSULTING SERVICES. During the term of this Agreement, Consultant will perform the services described below (the
“Consulting Services”) for the Company.

 

(a)
Transactional Business

 

(i)
Identification of potential Qualifying Transaction candidates; and

 

(ii)
Provision of preliminary financial analysis of candidates; and

 

(iii)
Assist in negotiating acquisition or merger consideration as required by Company; and

 

(iv)
Setting up meetings between Company and candidates and arranging other liaisons between them; and

 

(v)
Assist the Company with certain day to day tasks of managing a public company.

 

4.
STANDARD OF PERFORMANCE. Consultant shall devote such time and efforts to the affairs of the Company as is reasonably necessary
to render the services contemplated by this Agreement. Consultant is not responsible for the performance of any services that
may be rendered hereunder if the Company fails to provide the requested information in writing prior thereto. The services of
Consultant shall not include the rendering of any legal opinions or the performance of any work that is in the ordinary purview
of a certified public accountant. Consultant cannot guarantee results on behalf of the Company, but shall use commercially reasonable
efforts in providing the services listed above. Consultant’s duty is to identify prospective acquisition/joint venture companies
for the Company. Consultant will in no way act as a “broker-dealer” under state securities laws. Because all final
decisions pertaining to any particular investment are to be made by the Company, the Company may be required to communicate directly
with potential acquisition/joint venture prospective companies.

 

5.
COMPENSATION TO CONSULTANT. As Consultant’s entire compensation for its performance under this agreement, the
Company shall pay Consultant $50,000 through the issuance of ten (10) shares of the Company’s Series L Preferred Stock.
The Company shall deliver the shares of Series L Preferred Stock on or before September 15, 2019. These shares and the shares
of the Company’s common stock to be issued upon conversion of the Series L Preferred Stock shall be deemed earned upon
execution of this Agreement. The Consultant will be solely responsible for all tax returns and payments required to be filed
with or made to any federal, state or local tax authority with respect to the Consultant’s performance of services and
receipt of fees under this Agreement. The Company will regularly report amounts paid, if any, to the Consultant by filing
Form 1099-MISC and/or other appropriate form with the Internal Revenue Service as required by law. Because the Consultant is
an independent contractor, the Company will not withhold or make payments for social security; make consulting contract
insurance or disability insurance contributions; or obtain worker’s compensation insurance on the Consultant’s
behalf. The Consultant agrees to accept exclusive liability for complying with all applicable state and federal laws
governing self-employed individuals, including obligations such as payment of taxes, social security, disability and other
contributions based on fees paid to the Consultant under this Agreement. The Consultant hereby agrees to indemnify and defend
the Company against any and all such taxes or contributions, including penalties and interest.

 

6.
CONFIDENTIAL INFORMATION. The Consultant and the Company acknowledge that each will have access to proprietary information
regarding the business operations of the other and agree to keep all such information secret and confidential and not to use or
disclose any such information to any individual or organization without the non-disclosing Parties prior written consent. It is
hereby agreed that from time to time Consultant and the Company may designate certain disclosed information as confidential for
purposes of this Agreement.

 

    	 	2	 

    	 

    

 

7.
INDEMNIFICATION. Each Party (the “Indemnifying Party”) agrees to indemnify, defend, and hold harmless the other
Party (the “Indemnified Party”) from and against any and all claims, damages, and liabilities, including any and all
expense and costs, legal or otherwise, caused by the negligent act or omission of the Indemnifying Party, its subcontractors,
agents, or employees, incurred by the Indemnified Party in the investigation and defense of any claim, demand, or action arising
out of the work performed under this Agreement; including breach of the Indemnifying Party of this Agreement. The Indemnifying
Party shall not be liable for any claims, damages, or liabilities caused by the sole negligence of the Indemnified Party, its
subcontractors, agents, or employees.

 

The
Indemnified Party shall notify promptly the Indemnifying Party of the existence of any claim, demand, or other matter to which
the Indemnifying Party’s indemnification obligations would apply, and shall give them a reasonable opportunity to settle
or defend the same at their own expense and with counsel of their own selection, provided that the Indemnified Party shall at
all times also have the right to fully participate in the defense. If the Indemnifying Party, within a reasonable time after this
notice, fails to take appropriate steps to settle or defend the claim, demand, or the matter, the Indemnified Party shall, upon
written notice, have the right, but not the obligation, to undertake such settlement or defense and to compromise or settle the
claim, demand, or other matter on behalf, for the account, and at the risk, of the Indemnifying Party.

 

The
rights and obligations of the Parties under this Article shall be binding upon and inure to the benefit of any successors, assigns,
and heirs of the Parties.

 

8.
COVENANTS OF CONSULTANT. Consultant covenants and agrees with the Company that, in performing Consulting Services under this
Agreement, Consultant will:

 

(a)
Comply with all federal and state laws;

 

(b)
Not make any representations other than those authorized by the Company; and

 

(c)
Not publish, circulate or otherwise use any materials or documents other than materials provided by or otherwise approved by the
Company.

 

9.
COVENANTS OF THE COMPANY. The Company covenants, represents and warrants to Consultant as follows:

 

(a)
Authorization. The Company and its signatories herein have full power and authority to enter into this Agreement and to
carry out the transactions contemplated hereby.

 

(b)
No Violation. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated
hereby will violate any provision of the charter or by-laws of the Company or violate any terms of provision of any other material
agreement to which the Company is a party or any applicable statute or law.

 

(c)
Contracts in Full Force and Effect. All contracts, agreements, plans, policies and licenses to which the Company is a party
are valid and in full force and effect.

 

(d)
Consents. No consent of any person, other than the signatories hereto, is necessary to the consummation of the transactions
contemplated hereby, including, without limitation, consents from parties to loans, contracts, lease or other agreements and consents
from governmental agencies, whether federal, state, or local.

 

    	 	3	 

    	 

    

 

(e)
Consultant Reliance. Consultant has and will rely upon the documents, instruments and written information furnished to
Consultant by the Company’s officers or designated employees.

 

(f)
Company’s Material. All representations and statements provided herein about the Company are true and complete and
accurate. The Company agrees to indemnify, hold harmless, and defend Consultant, its officers, directors, agents and employees,
at the Company’s expense for any proceeding or suit which may rise out of any inaccuracy or incompleteness of any such material
or written information supplied to Consultant.

 

10.
MISCELLANEOUS PROVISIONS

 

(a)
Amendment and Modification. This Agreement may be amended, modified and supplemented only by written agreement of the Company
and Consultant.

 

(b)
Waiver of Compliance. Any failure of Consultant, on the one hand, or the Company, on the other, to comply with any obligation,
agreement, or condition herein may be expressly waived in writing, but such waiver or failure to insist upon strict compliance
with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent
or other failure.

 

(c)
Expenses, Transfer Taxes, Etc. Other than as expressly set forth in this Agreement, the Parties shall bear their own costs
and expenses in carrying out the provisions of this Agreement.

 

(d)
Compliance with Regulatory Agencies. Each Party agrees that all actions, direct or indirect, taken by it and its respective
agents, employees and affiliates in connection with this Agreement and any financing or underwriting hereunder shall conform to
all applicable Federal and State securities laws.

 

(e)
Notices. Any notices to be given hereunder by any Party to the other may be effected either by personal delivery in writing,
by a reputable, national overnight delivery service, by facsimile transmission or by mail, registered or certified, postage prepaid
with return receipt requested. Notices shall be addressed to the “Contact Person” at the addresses appearing on the
signature page of this Agreement, but any Party may change his address or “Contact Person” by written notice in accordance
with this subsection. Notices delivered personally shall be deemed delivered as of actual receipt, notices sent by facsimile shall
be deemed delivered one (1) day after electronic confirmation of receipt, notices sent by overnight delivery service shall be
deemed delivered one (1) day after delivery to the service, mailed notices shall be deemed delivered as of five (5) days after
mailing.

 

(f)
Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
hereto and their respective successors and permitted assigns.

 

(g)
Delegation. Neither Party shall delegate the performance of its duties under this Agreement without the prior written consent
of the other Party.

 

(h)
Publicity. Neither Consultant nor the Company shall make or issue or cause to be made or issued, any announcement or written
statement concerning this Agreement or the transactions contemplated hereby for dissemination to the general public without the
prior consent of the other Party. This provision shall not apply, however, to any announcement or written statement required to
be made by law or the regulations of any Federal or State governmental agency, except that the Party required to disclose shall
consult with and make reasonable efforts to accommodate changes to the required disclosure and the timing of such announcement
suggested by the other Party.

 

    	 	4	 

    	 

    

 

(i)
Arbitration and Governing Law. If a dispute arises out of or relates to this contract, or the breach thereof, and if the
dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by mediation
administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to arbitration,
litigation, or some other dispute resolution procedure. If they do not reach such solution within a period of 60 days, then, upon
notice by either party to the other, all disputes, claims, questions, or differences shall be finally settled by arbitration administered
by the American Arbitration Association in accordance with the provisions of its Commercial Arbitration Rules. This Agreement
and the legal relations among the Parties hereto shall be governed by and construed in accordance with the laws of the State of
Florida, without regard to its conflict of law doctrine. The Parties agree that the venue for the resolution of all disputes arising
under the terms of this Agreement and the transactions contemplated herein will be the County of Pinellas, State of Florida.

 

(j)
Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

(k)
Headings. The heading of the sections of this Agreement are inserted for convenience only and shall not constitute a part
hereto or affect in any way the meaning or interpretation of this Agreement.

 

(l)
Entire Agreement. This Agreement including any Exhibits hereto, and the other documents and certificates delivered pursuant
to the terms hereto, set forth the entire agreement and understanding of the Parties hereto in respect of the subject matter contained
herein, and supersedes all prior agreements, promise, covenants, arrangements, communications, representations or warranties,
whether oral or written, by any officers employee or representative of any Party hereto.

 

(m)
Third Parties. Except as specifically set forth or referred to herein, nothing herein express or implied is intended or
shall be construed to confer upon or give to any person or entity other than the Parties hereto and their successors or assigns,
any rights or remedies under or by reason of this Agreement.

 

(n)
Attorneys’ Fees and Costs. If any action is necessary to enforce and collect upon the terms of this Agreement, the
prevailing Party shall be entitled to reasonable attorneys’ fees and costs, in addition to any other relief to which that
Party may be entitled. This provision shall be construed as applicable to the entire Agreement.

 

(o)
Survivability. If any part of this Agreement is found, or deemed by a court of competent jurisdiction to be invalid or
unenforceable, that part shall be severable from the remainder of the Agreement.

 

(p)
Further Assurances. Each of the Parties agrees that it shall from time-to-time take such actions and execute such additional
instruments as may be reasonably necessary or convenient to implement and carry out the intent and purposes of this Agreement.

 

    	 	5	 

    	 

    

 

(q)
Relationship of the Parties. Nothing contained in this Agreement shall be deemed to constitute either Party becoming the
partner of the other, the agent or legal representative of the other, nor create any fiduciary relationship between them, except
as otherwise expressly provided herein. It is not the intention of the Parties to create nor shall this Agreement be construed
to create any commercial relationship or other partnership. Neither Party shall have any authority to act for or to assume any
obligation or responsibility on behalf of the other Party, except as otherwise expressly provided herein. The rights, duties,
obligations and liabilities of the Parties shall be separate, not joint or collective. Each Party shall be responsible only for
its obligations as herein set out and shall be liable only for its share of the costs and expenses as provided herein.

 

(r)
No Authority to Obligate the Company. Without the consent of the Board of Directors of the Company, Consultant shall have
no authority to take, nor shall it take, any action committing or obligating the Company in any manner, and it shall not represent
itself to others as having such authority.

 

11.
Non-Circumvention. In and for valuable consideration, the Company hereby agrees that Consultant may introduce (whether by
written, oral, data, or other form of communication) the Company to one or more opportunities, including, without limitation,
existing or potential investors, lenders, borrowers, trusts, natural persons, corporations, limited liability companies, partnerships,
unincorporated businesses, sole proprietorships and similar entities (an “Opportunity” or “Opportunities”).
The Company further acknowledges and agrees that the identity of the subject Opportunities, and all other information concerning
an Opportunity (including without limitation, all mailing information, phone and fax numbers, email addresses and other contact
information) introduced hereunder are the property of Consultant, and shall be treated as confidential information by the Company,
it affiliates, officers, directors, shareholders, employees, agents, representatives, successors and assigns. The Company shall
not use such information, except in the context of any arrangement with Consultant in which Consultant is directly and actively
involved, and never without Consultant’s prior written approval. The Company further agrees that neither it nor its employees,
affiliates or assigns, shall enter into, or otherwise arrange (either for it/him/herself, or any other person or entity) any business
relationship, contact any person regarding such Opportunity, either directly or indirectly, or any of its affiliates, or accept
any compensation or advantage in relation to such Opportunity except as directly though Consultant, without the prior written
approval of Consultant. Consultant is relying on the Company’s assent to these terms and their intent to be bound by the
terms by evidence of their signature. Without the Company’s signed assent to these terms, Consultant would not introduce
any Opportunity or disclose any confidential information to the Company as herein described. 

 

    	 	6	 

    	 

    

 

IN
WITNESS, WHEREOF, the Parties hereto have caused this Agreement to be duly executed, all as of the day and year first above written.

 

	COMPANY:	 	CONSULTANT:
	GLOBAL TECHNOLOGIES, LTD	 	SYLIOS CORP
	501 First Ave N, Suite 901	 	501 First Ave N, Suite 901
	St. Petersburg, FL 33701	 	St. Petersburg, FL 33701
	 	 	 	 	 
	By:	/s/
    jimmy Wayne Anderson	 	By:	/s/
    Jimmy Wayne Anderson
	 	Jimmy Wayne Anderson	 	 	Jimmy Wayne Anderson
	Its:	Chairman and CEO	 	Its:	President and Chairman
	Date:	August 22, 2019	 	Dated:	August 22, 2019

  

    	 	7

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