Exhibit 10.8


 


 





CONSULTANT AGREEMENT


 


 


This Agreement is made and entered into
as of the 14th day of February, 2013 between Sigma Labs, Inc. (the “Company”) and Udo G. Rettberg (the “Consultant”).


 


In consideration of the mutual promises
and covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the
parties agree as follows:


 


		1.	Appointment. The Company hereby retains the Consultant on a non-exclusive basis during the Term (as defined below) to
render public relations and marketing services to the Company, upon the terms and conditions as set forth herein.



 


		2.	Term. This Agreement shall be effective for a one-year period (the “Term”), extensions to be negotiated,
commencing on the date hereof, provided; however, that the Company may terminate this Agreement for any reason and at any time
upon ten (10) days’ written notice to the Consultant.



 


 


		3.	Duties of Consultant. During the term of this Agreement, the Consultant shall provide to the Company: (a) public relations
and marketing services to build market awareness for the Company’s business as directed by the Company; and (b) public relations/marketing
progress reports which are to be delivered to the Company in writing on or before the 15th day of each month during
the Term. It is understood and acknowledged by the parties that the Consultant: (a) shall perform its analysis and reach its conclusions
about the Company independently, and that the Company shall have no involvement therein; (b) shall not render advice and/or services
to the Company in any manner, directly or indirectly, that is in connection with the offer or sale of securities in a capital raising
transaction or that could result in market marking, and (c) and any affiliates of Consultant shall not perform any services that
require such parties to be licensed as a securities broker dealer under federal or state law.



 


 


		4.	Compensation. For services to be rendered by the Consultant hereunder, the Consultant shall receive from the Company
the equivalent of $120,000 in shares of common stock of the Company, based on a stock price of $0.03 per share (the “Shares”),
which is equal to the closing price of the Company’s common stock on the date hereof, under the Company’s 2011 Equity
Incentive Plan (the “Plan”). A copy of the Plan, as in effect on the date hereof, is attached as Exhibit A.
The Shares will “vest” in accordance with the following schedule, and shall have such other terms as are set forth
in the restricted stock agreement, attached hereto as Exhibit B, entered into by the Company and the Consultant concurrently
with the execution of this Agreement:



 


1,000,000 shares immediately, and


 


250,000 shares will vest on the last day of each month
of the Term commencing on February 28, 2013, provided that such vesting shall cease immediately as to any unvested Shares if the
Consultant’s services as described herein are terminated.


 



    	 



    	 



    

 





		5.	Confidentiality. Consultant acknowledges that as a consequence of its relationship with the Company, it may be given
access to confidential information which may include the following types of information: trade secrets, products, product development,
future marketing materials, business plans, certain methods of operations, procedures, improvements, systems, customer lists, supplier
lists and specifications, and other private and confidential materials concerning the Company’s business (collectively, “Confidential
Information”). Consultant covenants and agrees to hold such Confidential Information strictly confidential and shall only
use such information solely to perform its duties under this Agreement, and Consultant shall refrain from allowing such information
to be used in any way for its own private or commercial purposes. Consultant shall also refrain from disclosing any such Confidential
Information to any third parties. Consultant further agrees that upon termination or expiration of this Agreement, it will return
all Confidential Information and copies thereof to the Company and will destroy all notes, reports and other material prepared
by or for it containing Confidential Information. Consultant understands and agrees that the Company might be irreparably harmed
by violation of this Agreement and that monetary damages may be inadequate to compensate the Company. Accordingly, the Consultant
agrees that, in addition to any other remedies available to it at law or in equity, the Company shall be entitled to injunctive
relief to enforce the terms of this Agreement.



 


		6.	Miscellaneous.



 


 


		(a)	This Agreement embodies the entire Agreement and understanding between the Company and the Consultant and supersedes any and
all negotiations, prior discussions and preliminary and prior arrangements and understandings related to the central subject matter
hereof.



		(b)	This Agreement has been duly authorized, executed and delivered by and on behalf of the Company and the Consultant.



 


IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date hereof.


 





 


	 	SIGMA LABS, INC
	 	 
	 	 
	 	By: 	/s/ Mark J. Cola	 
	 	 	Name:         Mark J. Cola

Title:           President and Chief
                     Executive Officer
	 	 
	 	 
	 	 
	 	By: 	/s/ Udo Rettberg	 
	 	 	Name:         Udo Rettberg

Title:

Address:    Grethenweg 67

                    60598 Frankfurt am Main

                    Germany



 


 



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