Document:

EXHIBIT 10.54 

 

 

 

RELINQUISHMENT OF DEBT CONVERSION RIGHTS

 

WHEREAS, Steven Malone
(“Mr. Malone”), president and chief executive officer of Findex.com, Inc. (the “Company”),
is owed by the Company as of the date hereof an amount in demand debt equal to $479,953.33, inclusive of accrued interest through
the date hereof, as a result of accumulated, unpaid salary for services;

 

WHEREAS, 100% of the afore-described
demand debt currently owed by the Company to Mr. Malone is convertible into shares of Company common stock in accordance with its
terms;

 

WHEREAS, in order to make
available to the Company the opportunity to raise critically required capital to enable the Company to reasonably sustain and grow
itself, and enter into other desirable transactions, the Company needs available to it more authorized but unissued shares of common
stock than it currently has available;

 

WHEREAS, the Company has
requested that Mr. Malone, in the interests of enabling the Company to raise such critically required financing and enter into
such other desirable transactions, relinquish his rights to convert his demand debt to shares of Company common stock, and Mr.
Malone desires to so relinquish such rights;

 

NOW, THEREFORE, for and
in consideration of the foregoing recitals, Mr. Malone hereby agrees to irrevocably relinquish any and all of his rights to convert
all or any portion of the demand debt owed by the Company to him as of the date hereof.

 

IN WITNESS WHEREOF, Mr.
Malone has executed this Relinquishment of Debt Conversion Rights this 24th day of December, 2018.

 

 

 

 

 

 

__________________________________________

Steven MaloneEXHIBIT 10.55 

 

 

 

RELINQUISHMENT OF DEBT CONVERSION RIGHTS

 

WHEREAS, Michael Membrado
(“Mr. Membrado”), outside legal counsel to Findex.com, Inc. (the “Company”), has been providing
legal and other consulting services to the Company for approximately 20 years, and is owed by the Company as of the date hereof
an amount in demand debt equal to $338,880.48, inclusive of accrued interest through the date hereof, as a result of accumulated,
unpaid fees;

 

WHEREAS, 100% of the afore-described
demand debt currently owed by the Company to Membrado is convertible into shares of Company common stock in accordance with its
terms;

 

WHEREAS, in order to make
available to the Company the opportunity to raise critically required capital to enable the Company to reasonably sustain and grow
itself, and enter into other desirable transactions, the Company needs available to it more authorized but unissued shares of common
stock than it currently has available;

 

WHEREAS, the Company has
requested that Mr. Membrado, in the interests of enabling the Company to raise such critically required financing and enter into
such other desirable transactions, relinquish his rights to convert his demand debt to shares of Company common stock, and Mr.
Membrado desires to so relinquish such rights;

 

NOW, THEREFORE, for and
in consideration of the foregoing recitals, Mr. Membrado hereby agrees to irrevocably relinquish any and all of his rights to convert
all or any portion of the demand debt owed by the Company to him as of the date hereof.

 

IN WITNESS WHEREOF, Mr.
Membrado has executed this Relinquishment of Debt Conversion Rights this 24th day of December, 2018.

 

 

 

 

 

 

__________________________________________

Michael MembradoEXHIBIT 10.56 

 

 

 

RELINQUISHMENT OF DEBT CONVERSION RIGHTS

 

WHEREAS, Micki Malone (“Ms.
Malone”), an accounting, finance, marketing, and sales executive of Findex.com, Inc. (the “Company”),
is owed by the Company as of the date hereof an amount in demand debt equal to $178,831.39, inclusive of accrued interest through
the date hereof, as a result of accumulated, unpaid wages for services;

 

WHEREAS, 100% of the afore-described
demand debt currently owed by the Company to Ms. Malone is convertible into shares of Company common stock in accordance with its
terms;

 

WHEREAS, in order to make
available to the Company the opportunity to raise critically required capital to enable the Company to reasonably sustain and grow
itself, and enter into other desirable transactions, the Company needs available to it more authorized but unissued shares of common
stock than it currently has available;

 

WHEREAS, the Company has
requested that Ms. Malone, in the interests of enabling the Company to raise such critically required financing and enter into
such other desirable transactions, relinquish her rights to convert her demand debt to shares of Company common stock, and Ms.
Malone desires to so relinquish such rights;

 

NOW, THEREFORE, for and
in consideration of the foregoing recitals, Ms. Malone hereby agrees to irrevocably relinquish any and all of his rights to convert
all or any portion of the demand debt owed by the Company to her as of the date hereof.

 

IN WITNESS WHEREOF, Ms.
Malone has executed this Relinquishment of Debt Conversion Rights this 24th day of December, 2018.

 

 

 

 

 

 

__________________________________________

Micki MaloneEXHIBIT 10.57  

TECHNOLOGY
CONTRIBUTION & ASSIGNMENT AGREEMENT

 

This Technology
Contribution & Assignment Agreement (this “Agreement”) is made this 6th day of February, 2018
by and between Matthew R. Piazza, an individual residing at 4300 N. Ocean Blvd., Apt. 6, Delray Beach, Florida 33483 (“Piazza”)
and Advanced Nanofibers, LLC, a Florida limited liability company with its principal place of business located at 1313 South Killian
Drive, Lake Park, FL 33403 (“Advanced”) (Piazza and Advanced may hereinafter be referred to, individually, as
a “Party,” or, jointly, as the “Parties”).

 

WHEREAS, as of the
date hereof, Piazza, through a personal ownership stake in an entity known as Nanotech Fibers LLC, owns and controls a substantial
equity interest in Advanced, and has owned a substantial equity interest in Advanced since its founding in August, 2016;

 

WHEREAS, Piazza
has developed certain materials formulae potentially valuable to Advanced as it is or may be manifest in existing and/or potential
intellectual property;

 

WHEREAS, Advanced
seeks to exploit to the fullest industrial and commercial potential the product market opportunities afforded by the materials
formulae developed by Piazza, both on their own and when combined with other, related technologies, adaptations, and/or materials,
and Advanced has already invested significantly in the development of such exploitation;

 

WHEREAS, in exchange
for certain economic benefits, Piazza desires to contribute and assign to Advanced all of his rights, title and interest in and
to the aforementioned materials formulae, and Advanced desires to acquire such rights, title and interest;

 

NOW, THEREFORE,
for and in consideration of the mutual covenants and agreements set forth herein, the Parties hereby agree as follows:

 

1.       Contribution
and Assignment. In consideration of (i) all product development expenditures made by Advanced to date towards the commercialization
of the intellectual property described in Schedule A annexed hereto and made a part hereof (the “Subject Chemistry
& Composition IP”), which, as of the date hereof it is stipulated and acknowledged by Piazza to have totaled more
than [two hundred and fifty thousand dollars ($250,000)], together with (ii) a good faith, present commitment on the part of Advanced
to continue to invest in such commercialization, including the bringing of the products embodying or potentially embodying the
Subject Chemistry & Composition IP, all as specifically identified in Schedule B annexed hereto and made a part hereof,
as it may be amended from time to time (collectively, the “Subject Products”) to market, the packaging and selling
off to one or more third parties the rights of Advanced to one or more of the Subject Products as determined by Advanced, and/or
to otherwise exploit such Subject Chemistry & Composition IP for profit, and to bear all of the costs associated with the establishment
and maintenance of the intellectual property associated therewith and/or potentially associated therewith, including without limitation
the filing and pursuit of patent applications and related intellectual property protections, and (iii) an agreement to pay to Piazza
a percentage, based on the gross profit margins of the Subject Products manufactured and sold by or for the account of Advanced,
and actually realized by Advanced and not at any time recouped for any reason whatsoever, as specifically set forth on Schedule
C annexed hereto and made a part hereof, of all annually distributable income of Advanced from and after the date hereof (the
“IP Royalty”), Piazza hereby irrevocably commits, contributes, conveys and assigns to Advanced all of his rights,
title and interest in and to the Subject Chemistry & Composition IP.

 

2.       Representations
and Warranties of Piazza. Piazza hereby represents and warrants as follows, which representations and warranties shall be deemed
repeated at all times throughout the Term:

 

(a)       Piazza
is an individual, with full power and authority to execute and deliver this Agreement and to consummate the arrangement, understanding
and transactions contemplated hereby.

 

(b)       This
Agreement is a valid and legally binding obligation of Piazza, and is enforceable against Piazza in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’
rights generally, and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).

 

(c)       The
execution, delivery and performance of this Agreement by Piazza and the consummation of the transactions contemplated hereby do
not and will not (i) result in a violation of any statute, rule, regulation, ordinance, order, judgment, decree, rule or regulation
of any court or any governmental agency or body applicable to Piazza, (ii) violate or result in a material breach of or constitute
an event of default (or an event which might, upon the passage of time or the giving of notice, or both, constitute an event of
default) under any provision of any agreement or instrument to which Piazza or any of his assets are subject, or (iii) result in
acceleration or cancellation of any obligation under, or give rise to a right by Piazza to terminate or amend his obligations under,
any mortgage, deed of trust, conveyance to secure debt, note, loan, indenture, lien, contract or governmental certification, license
or permit (other than any governmental permits for which transfer is not permitted by law or the issuing authority), instrument,
order, judgment or decree or other material arrangement or commitment to which Piazza or any of his assets are subject.

 

(d)       No
consent, approval, order or authorization of, or registration, declaration or filing with, any other party or any federal, state
or local government agency or entity is required by Piazza in connection with the execution and delivery of this Agreement or the
consummation of the transactions contemplated hereby or the performance by Piazza of its obligations under this Agreement.

 

(e)       Piazza
possesses all rights, title and interest in and to the Subject Chemistry & Composition IP, and all rights, free of any conflict
or third party claims, or reasonably alleged conflict or third party claims, to convey the Subject Chemistry & Composition
IP as contemplated by this Agreement, including without limitation any potential conflicts or claims of infringement (i) on the
part of CarpenterCrete LLC or any affiliates (including without limitation CarpenterStone), principals, or assignees thereof or
successors-in-interest thereto, and/or (ii) arising out of any alleged infringement of U.S. Patent Publication Number US8382893B1
(Application Filing Date: 2012-03-09) or U.S. Patent Publication Number US7147706B1 (Application Filing Date: 2002-08-29).

 

(f)       The
intellectual property reflected by the Subject Chemistry & Composition IP does not infringe in any way on any patents in relation
to which Piazza is identified as a contributing inventor, including without limitation U.S. Patent Publication Number US8382893B1
(Application Filing Date: 2012-03-09) and U.S. Patent Publication Number US7147706B1 (Application Filing Date: 2002-08-29).

 

3.       Representations
and Warranties of Advanced. Advanced hereby represents and warrants as follows, which representations and warranties shall
be deemed repeated at all times throughout the Term:

 

(a)       Advanced
is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Florida, and
has full power and authority to execute and deliver this Agreement and to consummate the arrangement, understanding and transactions
contemplated hereby, and has duly authorized the execution, delivery and performance of this Agreement by all necessary company
action.

 

(b)       This
Agreement is a valid and legally binding obligation of Advanced, and is enforceable against Advanced in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’
rights generally, and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).

 

(c)       The
execution, delivery and performance of this Agreement by Advanced and the consummation of the transactions contemplated hereby
do not and will not (i) result in a breach or violation of any provision of any of Advanced’s organizational documents (i.e.,
certificate of formation and operating agreement, in each case as amended to date) or in a violation of any statute, rule, regulation,
ordinance, order, judgment, decree, rule or regulation of any court or any governmental agency or body applicable to Advanced,
(ii) violate or result in a material breach of or constitute an event of default (or an event which might, upon the passage of
time or the giving of notice, or both, constitute an event of default) under any provision of, result in acceleration or cancellation
of any obligation under, or give rise to a right by Advanced to terminate or amend its obligations under, any mortgage, deed of
trust, conveyance to secure debt, note, loan, indenture, lien, contract or governmental certification, license or permit (other
than any governmental permits for which transfer is not permitted by law or the issuing authority), instrument, order, judgment
or decree or other material arrangement or commitment to which Advanced is subject.

 

(d)       No
consent, approval, order or authorization of, or registration, declaration or filing with, any other party or any federal, state
or local government agency or entity is required by Advanced in connection with the execution and delivery of this Agreement or
the consummation of the transactions contemplated hereby or the performance by Advanced of its obligations under this Agreement.

 

4.       Covenants
of Piazza. In addition to all of Piazza’s other obligations set forth in this Agreement:

 

(a)       From
and after the date hereof, and for so long as he holds a beneficial ownership interest in Advanced, Piazza covenants that he shall
promptly execute such documents and other instruments, and take such further actions, as may be reasonably requested by Advanced
from time to time to carry out the intentions and provisions of this Agreement.

 

(b)       From
and after the date hereof, and for so long as he holds a beneficial ownership interest in Advanced, Piazza covenants that he shall
promptly notify Advanced, and divulge, disclose and surrender to Advanced, in each case in writing, any and all ideas that occur
to him and that might reasonably be construed as falling within the definition of Subject Chemistry & Composition IP set forth
in Schedule A to this Agreement, and, as appropriate, inform Advanced as part of such notification that any such ideas be added
to the list of Subject Products set forth in Schedule B to this Agreement.

 

(c)       From
and after the date hereof, and for so long as he holds a beneficial ownership interest in Advanced plus an additional period of
five (5) years thereafter, Piazza covenants that he shall refrain from engaging or assisting in any business, or acquiring any
equity interest in any business that would constitute anything other than a strictly passive investment in a public company, in
either case that is directly or indirectly competitive with Advanced or any of the Advanced Products.

 

(d)       From
and after the date hereof, and for an indefinite period, Piazza shall indemnify and hold harmless
Advanced and Findex.com, Inc., and each of their respective managers, officers, directors, principals, affiliates, agents and attorneys
against any and all losses, claims, demands, liabilities and expenses (including reasonable legal or other expenses as such are
incurred) incurred by each such entity or person in connection with the defending or investigating of any losses, claims demands,
liabilities, penalties, or associated expenses, whether or not resulting in any liability to such entity or person, to which any
such indemnified party may become subject insofar as any such losses, claims, demands, liabilities, penalties and/or associated
expenses (a) arise out of or are based upon any untrue statement or not unreasonably alleged untrue statement of Piazza of a material
fact contained in this Agreement, or (b) arise out of or are based upon any breach of any representation, warranty or agreement
of Piazza contained herein.

 

5.       Miscellaneous.

 

5.1       Notices.
All notices and other communications hereunder shall be in writing, addressed to the other Party at the address provided in the
preamble to this Agreement or such other address as shall have been provided in writing to the notifying Party by the recipient
Party following the date hereof, and shall be deemed to have been duly given (i) three (3) business days after mailing if mailed
by certified or registered mail, return receipt requested; (ii) one business day after delivery by Federal Express or UPS, if sent
for overnight delivery with fees prepaid; (iii) upon receipt if sent via email; or (iv) upon receipt if delivered personally.

 

5.2       Assignment.

 

5.2.1       Neither
this Agreement nor any of the rights, interests or obligations hereunder shall be transferred, assigned, conveyed or delegated
by either Party, in whole or in part, without the prior, written consent of the other Party, and any attempt to make any such transfer,
assignment or delegation without such consent shall be null and void; provided, however, that (i) Advanced shall have and
maintain the right at all times hereunder to transfer, assign, convey, and/or delegate any or all of its rights, interests and/or
obligations hereunder without obtaining the consent of Piazza where such transfer, assignment, and/or delegation shall occur in
connection with any sale of Advanced, whether through merger or otherwise, or all or substantially all of its assets, and (ii)
this Agreement shall be binding upon and inure to the benefit of and be enforceable by the successors, legal representatives and
permitted assigns of Advanced.

 

5.2.2       The
rights in and to the Subject Chemistry & Composition IP assigned and conveyed by this Agreement to Advanced shall be freely
licensable, re-assignable and/or conveyable to any third parties by Advanced at any time from and after the date hereof, in whole
or in part, without the consent of Piazza, and Piazza shall be required to promptly take any and all reasonable steps requested
by Advanced to carry out any such contemplated license, re-assignment, and/or conveyance.

 

5.3       Modification
and Waiver. No modification, amendment or waiver of any provision of this Agreement shall be valid or binding unless in writing
and executed by both of the Parties. Any other purported modification, amendment or waiver of any provision of this Agreement shall
be null and void for all purposes. No waiver by any Party of any breach, or the failure of any Party to enforce any of the terms
and conditions of this Agreement, shall affect, limit or waive that Party’s right to enforce and compel compliance with all
terms and conditions of this Agreement, or to terminate this Agreement in accordance with its terms.

 

5.4       Invalidity
or Illegality. In the event any provision of this Agreement shall be declared to be void, invalid or unlawful by any court
or tribunal of competent jurisdiction, such provision shall be deemed severed from the remainder of this Agreement and the balance
shall remain in full force and effect. The Parties shall undertake to replace the invalid, ineffective, or unenforceable provisions
with valid, effective, and enforceable provisions, which, in their commercial effect, approximate as closely as possible the intentions
of the Parties as expressed in the then-declared invalid, ineffective, or unenforceable provision.

 

5.5       Governing
Law; Forum Selection. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida,
without regard to the conflict of laws principles thereof. Any dispute between the Parties surrounding the interpretation or meaning
of any provision of this Agreement, or any of the benefits, duties or obligations of the Parties arising under this Agreement,
shall be brought and litigated in the State of Florida, and, to the extent jurisdiction exists, the superior courts of Palm Beach
County, Florida, and the Parties acknowledge and agree that this Agreement has been made and entered into in such county, and both
Parties waive any argument that either of them may have that such forum in or will be inconvenient.

 

5.6       Entire
Agreement; Waiver. This Agreement, including both the Subject Chemistry & Composition IP schedule annexed hereto as Schedule
A and referenced in Section 1 of this Agreement and the Subject Products schedule annexed hereto as Schedule B and referenced in
Section 1 of this Agreement, constitutes the entire and complete agreement and understanding between the Parties relating to the
subject matter of this Agreement and supersedes any prior negotiations, understandings, or agreements, whether written or oral,
relating to the subject matter of this Agreement. No amendment to or waiver of any provision of this Agreement shall be effective
unless it is reduced to writing and signed by both Parties, no waiver of any provision of this Agreement shall be deemed to arise
from any inaction by a Party or any course of dealing between the Parties, and any waiver of any otherwise enforceable provision
of this Agreement shall relate strictly to the particular instance to which such waiver applies, even if recurring.

 

IN WITNESS WHEREOF, each
of the Parties hereto has caused this Agreement to be duly executed on its behalf by its duly authorized officer, all as of the
day and year first written above.

 

 

 

________________________________

Matthew R. Piazza

 

 

ADVANCED NANOFIBERS, LLC

 

 

 

By: _____________________________

Printed Name: James S. Bond

Title: Manager For Financial Affairs

 

 

 

Schedule A

 

 

“Subject Chemistry & Composition IP”

 

Whatever
intellectual property currently and rightfully exists in the name of Piazza or any one or more of his designee(s) and/or
assigns, or to which Piazza has any enforceable or defensible legal rights or claims, and whatever intellectual property may
hereinafter come to exist from this day forward in the name of Piazza or any one or more of his designee(s) and/or assigns,
or to which Piazza may from this day forward come to have any enforceable legal rights or claims, in each case relative to
the production of additive-based formulae for cement or the production of concrete or stucco/mortar, including without
limitation liquid and/or dry so-called “admixtures” (or “admixes,” as they are commonly referred to)
for concrete or stucco/mortar, which substances have the effect of transforming the concrete or stucco/mortar end-product,
once mixed and cured, into a relatively high-performance or otherwise higher quality end-product which is either materially
denser, stronger, more resistant to degradation, durable or impenetrable, and/or lighter than comparable end-product
available in the market (on a per-unit basis), and/or otherwise more effective for any purposes that such materials might
conceivably be used, and/or that enables it to cure faster than comparable end-product available in the market (on a per-unit
basis), and which formulae (A) may or may not include, as packaged in product form, a combination of both one or more liquid
components and one or more semi-liquid, viscous and/or dry components, (B) may or may not include, as constituent components,
one or more commercially available concrete admixtures, [*] or another substitute therefore, polymer-based fibers (whether
polypropylene, polyethylene, polyvinyl alcohol, or otherwise), other non-polymer-based fibers, nanofibers,
nanotubes, nanoparticles and/or other performance-enhancing additives or aggregate, and which formulae (C) may have (i)
residential, commercial and/or industrial application to precast lightweight (including ultra-lightweight) cementitious
and/or concrete products, (ii) pour-in-place, tilt-up concrete and/or other non-precast applications, and/or (iii) any other
products, including those in which the material is used as a substitute for other materials such as Kevlar, in each case
[(i), (ii), and (iii)] including without limitation each of the Subject Products identified in Schedule B of this
Agreement, which is incorporated by reference herein, and any products reasonably related to the Subject Products or derived
therefrom, in each case whether consisting of patents, patentable ideas or other content, trade secrets, and/or other
proprietary intellectual property rights, together with all future modifications, enhancements, and adaptations thereof
and/or improvements thereon.

 

*This material has been omitted pursuant to a request for confidential
treatment and is being filed separately with the Commission.

 

Schedule B

 

 

“Subject Products”

 

		·	Ultra-Lightweight Stucco Formula AdPack

 

		·	Ultra High Performance (Non-Ultra-Lightweight) Stucco Formula AdPack

 

		·	Ultra-Lightweight Precast Manufactured Stone Panels, Veneer and Trim
Formula AdPack

 

		·	Ultra-Lightweight (Precast) Pavers and Flooring Tiles Formula AdPack

 

		·	Ultra-Lightweight (Precast) Roofing Tiles Formula AdPack 

 

		·	Ultra-Lightweight Precast Architectural Trim and Pieces Formula AdPack

 

		·	Ultra-Lightweight (Precast) Concrete Blocks Formula AdPack

 

		·	Ultra-Lightweight (Precast) Hollow-Core Slab/Panel Formula AdPack

 

		·	Ultra-Lightweight Precast Solid Wall, Barrier and Panel Formula AdPack

 

		·	Ultra-Lightweight Formula AdPack for any other precast application

 

		·	Ultra-High-Performance Ready-Mix or Other Pour-in-Place

 

  

Schedule C

 

IP Royalty Percentage Rate

 

	Gross Margin Actually Realized By Advanced	 	Percentage
	Up To 35%	 	 	0	%
	35-45%	 	 	1	%
	45.01-55%	 	 	2	%
	55.10-65%	 	 	3	%
	65.01-75%	 	 	4	%
	75.01% or More	 	 	5	%

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