Consulting Agreement between Registrant and CTC Aero, LLC



 EXHIBIT 10.1 
  
 IRVINE SENSORS CORP. 
  
 CONSULTING AGREEMENT 
  
 This Consulting Agreement (this “Agreement”) is entered into as of May 9, 2005 by and between Irvine Sensors Corporation (the
“Company”), and CTC Aero, LLC (Chris Toffales – Manager), (the “Consultant”). 
  
 RECITALS 
  
 1. Consultant has expertise in the area of the Company’s business and is willing to provide consulting services to the Company. 
  
 2. The Company is willing to engage Consultant as an independent contractor, and not as an employee, on the terms and conditions set forth herein.

  
 AGREEMENT 
  
 In consideration of the foregoing and of the mutual promises set forth
herein, and intending to be legally bound, the parties hereto agree as follows: 
  
 1. Engagement. 
  
 (a) The Company hereby engages Consultant to render, as an independent contractor, the consulting services described in Exhibit A hereto and such other services as may be agreed to in writing by the Company and Consultant from time to time.

  
 (b) Consultant hereby accepts the engagement
to provide consulting services to the Company on the terms and conditions set forth herein. 
  
 2. Term. This Agreement will be effective from April 1, 2005, and unless modified by the mutual written agreement of the parties, shall continue until 1 April 2006. Company may terminate this Agreement upon 120
days written notice to the Consultant. Consultant may terminate this Agreement upon 60 days written notice to the Company. 
  
 3. Compensation. 
  
 (a) In consideration of the services to be performed by Consultant, the Company agrees to pay Consultant in the manner and at the rates
set forth in Exhibit A. 
  
 (b) Out of pocket
expenses incurred by Consultant that are reasonable shall be reimbursed by Company to Consultant. 
  
 4. Consultant’s Business Activities. 
  
 (a) During the term of this Agreement, Consultant will engage in no business or other activities, which are or may be directly competitive
with the business activities of the Company without obtaining the prior written consent of the Company. 
  
 (b) It is anticipated that the Consultant shall devote five (5) days per month to the business and shall be compensated as set forth in
Exhibit A. 
  









 (c) Consultant shall keep and periodically provide to the Company a log describing the
work activities and hours of Consultant. 
  
 5. Confidential
Information and Assignments. Consultant is simultaneously executing a Confidential Information and Invention Assignment Agreement for Consultants in the form of Exhibit B (the “Confidential Information and Invention Assignment
Agreement”). The obligations under the Confidential Information and Invention Assignment Agreement shall survive termination of this Agreement for any reason. 
  
 6. Interference with the Company’s Business. 
  
 (a) Notwithstanding any other provision of this Agreement, for a period of one year after termination of
this Agreement, Consultant shall not, directly or indirectly, employ, solicit for employment, or advise or recommend to any other person that such other person employ or solicit for employment, any person employed or under contract (whether as a
consultant, employee or otherwise) by or to the Company during the period of such person’s association with the Company and one year thereafter. 
  
 (b) Notwithstanding any other provision of this Agreement, and to the fullest extent permitted by law, for a period of one year after
termination of this Agreement, Consultant shall not, directly or indirectly, solicit any clients or customers of the Company. Consultant agrees that such solicitation would necessarily involve disclosure or use of confidential information in breach
of the Confidential Information and Invention Assignment Agreement. 
  
 7. Representations and Warranties. Consultant represents and warrants (i) that Consultant has no obligations, legal or otherwise, inconsistent with the terms of this Agreement or with Consultant’s undertaking this relationship
with the Company, (ii) that the performance of the services called for by this Agreement do not and will not violate any applicable law, rule or regulation or any proprietary or other right of any third party, (iii) that Consultant will not use in
the performance of his responsibilities under this Agreement any confidential information or trade secrets of any other person or entity and (iv) that Consultant has not entered into or will enter into any agreement (whether oral or written) in
conflict with this Agreement. 
  
 8. Indemnification.
Consultant hereby indemnifies and agrees to defend and hold harmless the Company from and against any and all claims, demands and actions, and any liabilities, damages or expenses resulting therefrom, including court costs and reasonable
attorneys’ fees, arising out of or relating to the services performed by Consultant under this Agreement or the representations and warranties made by Consultant pursuant to paragraph 7 hereof. Consultant’s obligations under this paragraph
8 hereof shall survive the termination, for any reason, of this Agreement. 
  
 9. Attorney’s Fees. Should either party hereto, or any heir, personal representative, successor or assign of either party hereto, resort to litigation to enforce this Agreement, the party or parties
prevailing in such litigation shall be entitled, in addition to such other relief as may be granted, to recover its or their reasonable attorneys’ fees and costs in such litigation from the party or parties against whom enforcement was sought.

  
 10. Entire Agreement. This Agreement, contains the
entire understanding and agreement between the parties hereto with respect to its subject matter and supersedes any prior or contemporaneous written or oral agreements, representations or warranties between them respecting the subject matter hereof.

  
 11. Amendment. This Agreement may be amended only by a
writing signed by Consultant and by a representative of the Company duly authorized. 
  
 12. Severability. If any term, provision, covenant or condition of this Agreement, or the application thereof to any person, place or circumstance, shall be held by a court of competent jurisdiction to be
invalid, unenforceable or void, the remainder of this Agreement and such term, provision, covenant or condition as applied to other persons, places and circumstances shall remain in full force and effect. 
  









 13. Rights Cumulative. The rights and remedies provided by this Agreement are cumulative, and the
exercise of any right or remedy by either party hereto (or by its successors), whether pursuant to this Agreement, to any other agreement, or to law, shall not preclude or waive its right to exercise any or all other rights and remedies. 

 
 14. Nonwaiver. No failure or neglect of either party hereto in any
instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must be
contained in a written instrument signed by the party to be charged and, in the case of the Company, by an executive officer of the Company or other person duly authorized by the Company. 
  
 15. Remedy for Breach. The parties hereto agree that, in the event of breach or threatened breach of this Agreement,
the damage or imminent damage to the value and the goodwill of the Company’s business will be inestimable, and that therefore any remedy at law or in damages shall be inadequate. Accordingly, the parties hereto agree that the Company shall be
entitled to injunctive relief against Consultant in the event of any breach or threatened breach by Consultant, in addition to any other relief (including damages and the right of the Company to stop payments hereunder which is hereby granted)
available to the Company under this Agreement or under law. 
  
 16. Agreement to Perform Necessary Acts. Consultant agrees to perform any further acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Agreement. 
  
 17. Assignment. This Agreement may not be assigned by Consultant
without the Company’s prior written consent. This Agreement may be assigned by the Company in connection with a merger or sale of all or substantially all of its assets, and in other instances with the Consultant’s consent which consent
shall not be unreasonably withheld or delayed. 
  
 18.
Compliance with Law. In connection with his services rendered hereunder, Consultant agrees to abide by all federal, state, and local laws, ordinances and regulations. 
  
 19. Independent Contractor. The relationship between Consultant and the Company is that of independent contractor
under a “work for hire” arrangement. All work product developed by Consultant shall be deemed owned and assigned to Company. This Agreement is not authority for Consultant to act for the Company as its agent or make commitments for the
Company. Consultant will not be eligible for any employee benefits, nor will the company make deductions from fees to the consultant for taxes, insurance, bonds or the like. Consultant retains the discretion in performing the tasks assigned, within
the scope of work specified. 
  
 20. Taxes. Consultant
agrees to pay all appropriate local, state and federal taxes. 
  
 21. Governing Law. This Agreement shall be construed in accordance with, and all actions arising hereunder shall be governed by, the laws of the State of California. 
  

					
	Company	 	 	 	Consultant
			
	 /s/ John C. Carson
	 	 	 	/s/ ChrisToffales
	 John C. Carson
	 	 	 	CTC Aero, LLC (Chris Toffales – Manager)
	 Irvine Sensors Corporation
	 	 	 	 

  









  
 Exhibit A

  

	 	1.	Description of Services to be Rendered 

  
 Consultant will provide strategic planning and business development support. Statement of work for consulting services will be provided by John Carson.

  

	 	2.	Compensation 

  
 It is anticipated that CTC Aero, LLC ( Chris Toffales) will work with Irvine Sensors approximately 5 days per month. In consideration of the services contemplated herein, CTC shall bill at the rate of $ 15,000.00 per
month. If CTC provides more than or less than 5 days of service per month, CTC shall roll forward the days to the next month. 
  
 Expenses 
  
 During the term of this agreement, Irvine Sensors shall pay or reimburse CTC for reasonable and itemized business expenses directly incurred by CTC and directly relating to services conducted pursuant to this
agreement, provided that any expense greater than $ 3,000.00 must be approved in advance of being incurred. 
  
 Taxes. Consultant agrees to pay all appropriate local, state and federal taxes. Irvine Sensors shall supply the 1099 misc documents with fees paid. Expenses will be excluded from the 1099 misc. Irvine Sensors will
deduct these expenses as part of doing business. 
  









  
 Exhibit B

  
 CONFIDENTIAL INFORMATION AND INVENTION ASSIGNMENT AGREEMENT FOR
CONSULTANT 
  
 This CONFIDENTIAL INFORMATION AND INVENTION
ASSIGNMENT AGREEMENT (the “Agreement”) is made between Irvine Sensors Corporation (the “Company”) and the undersigned CTC Aero, LLC (Chris Toffales – Manager) (the “Consultant”). 
  
 In consideration of my relationship with the Company (which for purposes of
this Agreement shall be deemed to include any subsidiaries or Affiliates** of the Company), the receipt of confidential information while associated with the Company, and other good and valuable consideration, I, the undersigned individual, agree
that: 
  
 1. Term of Agreement. This Agreement shall
continue in full force and effect for the duration of my relationship with the Company and shall continue thereafter until terminated through a written instrument signed by both parties. 
  
 2. Confidentiality. 
  
 (a) Definitions. “Proprietary Information” is all information and any idea whatever form, tangible or intangible,
pertaining in any manner to the business of the Company, or any of its Affiliates, or its employees, clients, consultants, or business associates, which was produced by any employee or consultant of the Company in the course of his or her employment
or consulting relationship or otherwise produced or acquired by or on behalf of the Company. All Proprietary Information not generally known outside of the Company’s organization, and all Proprietary Information so known only through improper
means, shall be deemed “Confidential Information.” By example and without limiting the foregoing definition, Proprietary and Confidential Information shall include, but not be limited to: 
  
 (1) formulas, research and development techniques, processes, trade secrets,
computer programs, software, electronic codes, mask works, inventions, innovations, patents, patent applications, discoveries, improvements, data, know-how, formats, test results, and research projects; 
  
 (2) information about costs, profits, markets, sales, contracts and lists of
customers, and distributors; 
  
 (3) business, marketing, and
strategic plans; 
  
 (4) forecasts, unpublished financial
information, budgets, projections, and customer identities, characteristics and agreements; and 
  
 (5) employee personnel files and compensation information. 
  
 Confidential Information is to be broadly defined, and includes all information that has or could have commercial value or other utility in the business
in which the Company is engaged or contemplates engaging, and all information of which the unauthorized disclosure could be detrimental to the interests of the Company, whether or not such information is identified as Confidential Information by the
Company. 
  
 (b) Existence of Confidential
Information. The Company owns and has developed and compiled, and will develop and compile, certain trade secrets, proprietary techniques and other Confidential Information which have great value to its business. This Confidential Information
includes not only information disclosed by the 


	*	For purposes of this Agreement, “Affiliate” shall mean any person or entity that shall directly or indirectly controls, is controlled by, or is under common control with
the Company. 

  









 Company to me, but also information developed or learned by me during the course of my relationship with
the Company. 
  
 (c) Protection of
Confidential Information. I will not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any third party, other than in my assigned duties and for the benefit of the Company, any of the Company’s
Confidential Information, either during or after my relationship with the Company. In the event I desire to publish the results of my work for the Company through literature or speeches, I will submit such literature or speeches to the President of
the Company at least 10 days before dissemination of such information for a determination of whether such disclosure may alter trade secret status, may be prejudicial to the interests of the Company, or may constitute an invasion of its privacy. I
agree not to publish, disclose or otherwise disseminate such information without prior written approval of the President of the Company. I acknowledge that I am aware that the unauthorized disclosure of Confidential Information of the Company may be
highly prejudicial to its interests, an invasion of privacy, and an improper disclosure of trade secrets. 
  
 (d) Delivery of Confidential Information. Upon request or when my relationship with the Company terminates, I will immediately
deliver to the Company all copies of any and all materials and writings received from, created for, or belonging to the Company including, but not limited to, those which relate to or contain Confidential Information. 
  
 (e) Location and Reproduction. I shall maintain at my
workplace only such Confidential Information as I have a current “need to know.” I shall return to the appropriate person or location or otherwise properly dispose of Confidential Information once that need to know no longer exists. I
shall not make copies of or otherwise reproduce Confidential Information unless there is a legitimate business need of the Company for reproduction. 
  
 (f) Prior Actions and Knowledge. I represent and warrant that from the time of my first contact with the Company I held in strict
confidence all Confidential Information and have not disclosed any Confidential Information, directly or indirectly, to anyone outside the Company, or used, copied, published, or summarized any Confidential information, except to the extent
otherwise permitted in this Agreement. 
  
 (g)
Third-Party Information. I acknowledge that the Company has received and in the future will receive from third parties their confidential information subject to a duty on the Company’s part to maintain the confidentiality of such
information and to use it only for certain limited purposes. I agree that I will at all times hold all such confidential information in the strictest confidence and not to disclose or use it, except as necessary to perform my obligations hereunder
and as is consistent with the Company’s agreement with such third parties. 
  
 (h) Third Parties. I represent that my relationship with the Company does not and will not breach any agreements with or duties to
a former employer or any other third party. I will not disclose to the Company or use on its behalf any confidential information belonging to others and I will not bring onto the premises of the Company any confidential information belonging to any
such party unless consented to in writing by such party. 
  
 3.
Proprietary Rights, Inventions and New Ideas. 
  
 (a) Definition. The term “Subject Ideas or Inventions” includes any and all ideas, processes, trademarks, service marks, inventions, designs, technologies, computer hardware or software, original works of authorship,
formulas, discoveries, patents, copyrights, copyrightable works products, marketing and business ideas, and all improvements, know-how, data, rights, and claims related to the foregoing that, whether or not patentable, which are conceived, developed
or created which: (1) relate to the Company’s current or contemplated business; (2) relate to the Company’s actual or demonstrably anticipated research or development; (3) result from any work performed by me for the Company; (4) involve
the use of the Company’s equipment, supplies, facilities or trade secrets; (5) result from or are suggested by any work done by the Company or at the Company’s request, or any projects specifically assigned to me; or (6) result from my
access to any of the Company’s memoranda, 

  









 
notes, records, drawings, sketches, models, maps, customer lists, research results, data, formulae, specifications, inventions, processes, equipment or other
materials (collectively, “Company Materials”). 
  
 (b) Company Ownership. All right, title and interest in and to all Subject Ideas and Inventions, including but not limited to all registrable and patent rights which may subsist therein, shall be held and owned
solely by the Company, and where applicable, all Subject Ideas and Inventions shall be considered works made for hire. I shall mark all Subject Ideas and Inventions with the Company’s copyright or other proprietary notice as directed by the
Company and shall take all actions deemed necessary by the Company to protect the Company’s rights therein. In the event that the Subject Ideas and Inventions shall be deemed not to constitute works made for hire, or in the event that I should
otherwise, by operation of law, be deemed to retain any rights (whether moral rights or otherwise) to any Subject Ideas and Inventions, I agree to assign to the Company, without further consideration, my entire right, title and interest in and to
each and every such Subject Idea and Invention. 
  
 (c) Disclosure. I agree to disclose promptly to the Company full details of any and all Subject Ideas and Inventions. 
  
 (d) Maintenance of Records. I agree to keep and maintain adequate and current written records of all Subject Ideas and Inventions
and their development made by me (solely or jointly with others) during the term of my relationship with the Company. These records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. These
records will be available to and remain the sole property of the Company at all times. 
  
 (e) Determination of Subject Ideas and Inventions. I further agree that all information and records pertaining to any idea,
process, trademark, service mark, invention, technology, computer hardware or software, original work of authorship, design, formula, discovery, patent, copyright, product, and all improvements, know-how, rights, and claims related to the foregoing
(“Intellectual Property”), that I do not believe to be a Subject Idea or Invention, but that is conceived, developed, or reduced to practice by the Company (alone by me or with others) during my relationship with the Company and for one
(1) year thereafter, shall be disclosed promptly by me to the Company. The Company shall examine such information to determine if in fact the Intellectual Property is a Subject Idea or Invention subject to this Agreement. 
  
 (f) Access. Because of the difficulty of establishing
when any Subject Ideas or Inventions are first conceived by me, or whether it results from my access to Confidential Information or Company Materials, I agree that any Subject Idea and Invention shall, among other circumstances, be deemed to have
resulted from my access to Company Materials if: (1) it grew out of or resulted from my work with the Company or is related to the business of the Company, and (2) it is made, used, sold, exploited or reduced to practice, or an application for
patent, trademark, copyright or other proprietary protection is filed thereon, by me or with my significant aid, within one year after termination of my relationship with the Company. 
  
 (g) Assistance. I further agree to assist the Company in every proper way (but at the Company’s
expense) to obtain and from time to time enforce patents, copyrights or other rights or registrations on said Subject Ideas and Inventions in any and all countries, and to that end will execute all documents necessary: 
  
 (1) to apply for, obtain and vest in the name of the Company alone (unless
the Company otherwise directs) letters patent, copyrights or other analogous protection in any country throughout the world and when so obtained or vested to renew and restore the same; and 
  
 (2) to defend any opposition proceedings in respect of such applications and
any opposition proceedings or petitions or applications for revocation of such letters patent, copyright or other analogous protection; and 
  
 (3) to cooperate with the Company (but at the Company’s expense) in any enforcement or infringement proceeding on such letters patent, copyright or
other analogous protection. 
  









 (h) Authorization to Company. In the event the Company is unable, after reasonable
effort, to secure my signature on any patent, copyright or other analogous protection relating to a Subject Idea and Invention, whether because of my physical or mental incapacity or for any other reason whatsoever, I hereby irrevocably designate
and appoint the Company and its duly authorized officers and agents as my agent and attorney-in-fact, to act for and on my behalf and stead to execute and file any such application, applications or other documents and to do all other lawfully
permitted acts to further the prosecution, issuance, and enforcement of letters patent, copyright or other analogous rights or protections thereon with the same legal force and effect as if executed by me. My obligation to assist the Company in
obtaining and enforcing patents and copyrights for Subject Ideas and Inventions in any and all countries shall continue beyond the termination of my relationship with the Company, but the Company shall compensate me at a reasonable rate after such
termination for time actually spent by me at the Company’s request on such assistance. 
  
 (i) Acknowledgement. I acknowledge that there are no currently existing ideas, processes, inventions, discoveries, marketing or
business ideas or improvements which I desire to exclude from the operation of this Agreement. To the best of my knowledge, there is no other contract to assign inventions, trademarks, copyrights, ideas, processes, discoveries or other intellectual
property that is now in existence between me and any other person (including any business or governmental entity). 
  
 (j) No Use of Name. I shall not at any time use the Company’s name or any the Company trademark(s) or trade name(s) in any
advertising or publicity without the prior written consent of the Company. 
  
 4. Competitive Activity. 
  
 (a) Acknowledgment. I acknowledge that the pursuit of the activities forbidden by Section 4(b) below would necessarily involve the use, disclosure or misappropriation of Confidential Information. 
  
 (b) Prohibited Activity. To prevent the
above-described disclosure, misappropriation and breach, I agree that during my relationship and for a period of one (1) year thereafter, without the Company’s express written consent, I shall not, directly or indirectly, (i) employ, solicit
for employment, or recommend for employment any person employed by the Company (or any Affiliate); and (ii) engage in any present or contemplated business activity that is or may be competitive with the Company (or any Affiliate) in any state where
the Company conducts its business, unless I can prove that any action taken in contravention of this subsection (ii) was done without the use in any way of Confidential Information. 
  
 5. Representations and Warranties. I represent and warrant (i) that I have no obligations, legal or otherwise,
inconsistent with the terms of this Agreement or with my undertaking a relationship with the Company; (ii) that the performance of the services called for by this Agreement do not and will not violate any applicable law, rule or regulation or any
proprietary or other right of any third party; (iii) that I will not use in the performance of my responsibilities for the Company any confidential information or trade secrets of any other person or entity; and (iv) that I have not entered into or
will enter into any agreement (whether oral or written) in conflict with this Agreement. 
  
 6. Termination Obligations. 
  
 (a) Upon the termination of my relationship with the Company or promptly upon the Company’s request, I shall surrender to the Company all equipment, tangible Proprietary Information, documents, books,
notebooks, records, reports, notes, memoranda, drawings, sketches, models, maps, contracts, lists, computer disks (and other computer-generated files and data), any other data and records of any kind, and copies thereof (collectively, “Company
Records”), created on any medium and furnished to, obtained by, or prepared by myself in the course of or incident to my relationship with the Company, that are in my possession or under my control. 
  
 (b) My representations, warranties, and obligations
contained in this Agreement shall survive the termination of my relationship with the Company. 
  









 (c) Following any termination of my relationship with the Company, I will fully
cooperate with the Company in all matters relating to my continuing obligations under this Agreement. 
  
 (d) I hereby grant consent to notification by the Company to any of my future employers or companies I consult with about my rights and
obligations under this Agreement. 
  
 (e)
Upon termination of my relationship with the Company, I will execute a Certificate acknowledging compliance with this Agreement in the form reasonably requested by the Company. 
  
 7. Injunctive Relief. I acknowledge that my failure to carry out any obligation under this Agreement, or a breach by
me of any provision herein, will constitute immediate and irreparable damage to the Company, which cannot be fully and adequately compensated in money damages and which will warrant preliminary and other injunctive relief, an order for specific
performance, and other equitable relief. I further agree that no bond or other security shall be required in obtaining such equitable relief and I hereby consent to the issuance of such injunction and to the ordering of specific performance. I also
understand that other action may be taken and remedies enforced against me. 
  
 8. Modification. No modification of this Agreement shall be valid unless made in writing and signed by both parties. 
  
 9. Binding Effect. This Agreement shall be binding upon me, my heirs, executors, assigns and administrators and is for the benefit of the Company
and its successors and assigns. 
  
 10. Governing Law. This
Agreement shall be construed in accordance with, and all actions arising under or in connection therewith shall be governed by, the internal laws of the State of California (without reference to conflict of law principles). 
  
 11. Integration. This Agreement sets forth the parties’ mutual
rights and obligations with respect to proprietary information, prohibited competition, and intellectual property. It is intended to be the final, complete, and exclusive statement of the terms of the parties’ agreements regarding these
subjects. This Agreement supersedes all other prior and contemporaneous agreements and statements on these subjects, and it may not be contradicted by evidence of any prior or contemporaneous statements or agreements. To the extent that the
practices, policies, or procedures of the Company, now or in the future, apply to myself and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control unless changed in writing by the Company. 
  
 12. Not Employment. This Agreement is not an employment agreement as I
am an independent consultant. I understand that the Company may terminate my association with it at any time, with or without cause, subject to the terms of any separate written consulting agreement executed by a duly authorized officer of the
Company. 
  
 13. Construction. This Agreement shall be
construed as a whole, according to its fair meaning, and not in favor of or against any party. By way of example and not limitation, this Agreement shall not be construed against the party responsible for any language in this Agreement. The headings
of the paragraphs hereof are inserted for convenience only, and do not constitute part of and shall not be used to interpret this Agreement. 
  
 14. Attorneys’ Fees. Should either I or the Company, or any heir, personal representative, successor or permitted assign of either party,
resort to legal proceedings to enforce this Agreement, the prevailing party (as defined in California statutory law) in such legal proceeding shall be awarded, in addition to such other relief as may be granted, attorneys’ fees and costs
incurred in connection with such proceeding. 
  
 15.
Severability. If any term, provision, covenant or condition of this Agreement, or the application thereof to any person, place or circumstance, shall be held to be invalid, unenforceable or void, the remainder of this Agreement and such term,
provision, covenant or condition as applied to other persons, places and circumstances shall remain in full force and effect. 
  









 16. Rights Cumulative. The rights and remedies provided by this Agreement are cumulative, and the
exercise of any right or remedy by either the Company or me (or by that party’s successor), whether pursuant hereto, to any other agreement, or to law, shall not preclude or waive that party’s right to exercise any or all other rights and
remedies. This Agreement will inure to the benefit of the Company and its successors and assigns. 
  
 17. Nonwaiver. The failure of either the Company or me, whether purposeful or otherwise, to exercise in any instance any right, power or privilege
under this Agreement or under law shall not constitute a waiver of any other right, power or privilege, nor of the same right, power or privilege in any other instance. Any waiver by the Company or by me must be in writing and signed by either
myself, if I am seeking to waive any of my rights under this Agreement, or by an officer of the Company (other than me) or some other person duly authorized by the Company. 
  
 18. Notices. Any notice, request, consent or approval required or permitted to be given under this Agreement or
pursuant to law shall be sufficient if it is in writing, and if and when it is hand delivered or sent by regular mail, with postage prepaid, to my residence (as noted in the Company’s records), or to the Company’s principal office, as the
case may be. 
  
 19. Agreement to Perform Necessary Acts. I
agree to perform any further acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Agreement. 
  
 20. Assignment. This Agreement may not be assigned without the Company’s prior written consent. 
  
 21. Compliance with Law. I agree to abide by all federal, state, and
local laws, ordinances and regulations. 
  
 22.
Acknowledgment. I acknowledge that I have had the opportunity to consult legal counsel in regard to this Agreement, that I have read and understand this Agreement, that I am fully aware of its legal effect, and that I have entered into it
freely and voluntarily and based on my own judgment and not on any representations or promises other than those contained in this Agreement. 
  
 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the dates set forth below. 
  
 CAUTION: THIS AGREEMENT CREATES IMPORTANT OBLIGATIONS OF TRUST AND AFFECTS THE
CONSULTANT’S RIGHTS TO INVENTIONS AND OTHER INTELLECTUAL PROPERTY THE CONSULTANT MAY DEVELOP. 
  

	
	Consultant :
	
	/s/ Chris Toffales
	CTC Aero, LLC (Chris Toffales – Manager)