Exhibit 10.6
CONSULTINGAGREEMENT:
This ConsultingAgreement (the"Agreement"),dated effectiveasof January 1, 2014(the "Effective Date"),isentered into onMarch 11,2014,byand between KnowledgeMachine,Inc.,aNevada corporation (the "Company"),andNorthernNew HampshireTechnicalAssociates LLC ("Consultant").
1. ConsultingArrangement. TheCompany shallretainConsultant,andConsultantshall servethe Company asaConsultant.
2. Duties.
(a) Consultant \Viii perform consulting services for the Company regarding his service as Chairman of the Science Advisory Board of the Company and other consulting services as requested by the Board of Directors (collectively, the "Services").
(b) Consultant agrees that he shall devote such time and attention to the Services herem1der as is required to fulfill Consultant's obligations under this Agreement in a timely and professional manner, recognizing that the time demands may vary mont11to month.
3. Term.The termoftheAgreement ("Term") shallbefortwelve (12) monthscommencingon theEffectiveDate. TheTerm shallbeautomaticallyextendedbyone additionalyearun1essConsultantorthe Company givesnotice tothe other,inwriting,atleast30dayspriortoJanuary 1,2015 or,thereafter,1month priorto the expiration of this Agreement,ofeither party's desiretoterminatethisAgreement ormodify itste1ms.
4. Compensation.The Companyshallpay to Consultant $2,500 per month during the Term,with the firstpaymentdueonthedatehereof,and subsequentmonthlypaymentsthereafter dueon the 1st dayofeachmonth.
5. Expenses. Alltravel,entertainment andotherreasonable businessexpensesincident to the renderingof ServicesbyConsultanthereunderwill bepromptly paidorreimbursed bytheCompanysubjectto thesubmissionbeinginaccordance withtheCompany's policiesin effectfromtime totime.
6. Indemnification.TheCompanyshallindemnify,hold hannlessanddefendConsultant and Vivek Dave,Ph.D.,themanagingmember of Consultant,from and against any andallclaims,causesof action,damages, penaltiesand costs which mayresultfromtheirrespective affiliation with orservicesprovidedto or on behalf of theCompany0except wheresuch claims,causes of action, damages,penaltiesor costsareattributable primarily to Consultant'sor Dr.Dave's grossnegligenceor willfulmisconduct.
7. Non-Disclosure.Consultant will notat anytimeafter thedateofthisAgreement divulge, furnish, ormakeaccessibletoanyone (other thanintheregular course ofbusiness oftheCompany)anyknowledgeorinformation withrespect to confidential orsecret processes,inventions,discoveries,improvements,formulas, plans,material, devices, or ideasorotherknowhow,whetherpatentableor not,withrespect toany confidential orsecretengineering,development orresearch workorwith respecttoanyotherconfidentialor secretaspectofthebusiness oftheCompany.
8. Counterparts. This Agreement maybeexecutedin counterparts,eachofwhich shall be deemed tobeoneandthesameinstrument
(Signature Page follows)
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IN WITNESS WHEREOF,thepartieshave executedthisAgreement as of theday andyearfirst above written.
KNOWLEDGE MACHINE, INC. | |
/s/ Valeire V. Vekkos | |
Name: Valerie V. Vekkos | |
Title: President | |
NORTHERN NEW HAMPSHIRE | |
TECHNICAL ASSOCIATES LLC | |
/s/ Vivek Dave | |
Name: Vivek Dave | |
Title: |
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