Document:

Exhibit 10.2

 

IEC Electronics Corp.

Summary of Management Incentive Plan
for Fiscal 2014 ("2014 MIP")

 

The 2014 MIP is a cash incentive plan which
links awards to performance results and is designed to provide cash incentive awards ("Awards") to certain executive
officers (the "Participants") of the Company, including the Chief Executive Officer (the "CEO")
and the Executive Vice President (“EVP”). The Company’s Chief Financial Officer is not eligible for Awards
under the 2014 MIP. The 2014 MIP was finalized by the Compensation Committee on November 13, 2013.

 

As a precondition for payment of Awards,
the Company must have audited positive net income for fiscal 2014 (“Plan Threshold”).

 

If the Plan Threshold is met, each Participant
is eligible to receive an Award, if any, determined on the basis of the degree of achievement of certain specified fiscal year
performance objectives ("Goals"). For fiscal 2014, Goals will be based upon the following measurements:

 

(i)Net Income Before Taxes and Incentives -- Adjustments
are made for gains or losses from non-operating events such as acquisition escrow clawbacks, and calculations will exclude the
impact of unbudgeted legal and accounting fees and director’s and officer’s insurance payments arising from the restatement
of the Company’s earnings described in its Annual Report on Form 10-K/A and Quarterly Report on Form 10-Q/A, each filed with
the Securities and Exchange Commission on July 3, 2013.

 

(ii)Sales

 

The Compensation Committee has assigned
a weighting factor of 50%, to each Goal for each Participant, with the total of the weighting factors for each Participant being
100%.

 

In addition to the Plan Threshold, the Compensation
Committee has established:

 

(i)minimum plan entry performance levels for each
Goal for each Participant (“Minimum(s)”), set at a level in excess of prior fiscal year achievement to assure
that stockholders receive the first portion of the benefit of increased value, and

 

(ii)a target goal (the “Target”)
for each Goal for each Participant based on the Company budget.

 

If all Targets are achieved, Awards will
be earned by Participants equal to 60% of base salary for the CEO and 55% of base salary for the EVP. If performance is less than
Target but at least the Minimum with respect any Goal, a payment less than the Award at Target will be paid to the applicable Participant,
pro rated between a payment of 10% of base salary applicable to achievement at the Minimum and such Participant’s
potential Award at Target. If the Target for a Goal is surpassed, the Award payable at Target will increase pro rata up
to a cap of 200% of the Target level Award. The Compensation Committee has the right to review and consider performance above the
200% cap. No Award will be made with respect to a Goal if the applicable Minimum is not achieved.

 

    	 

    	 

    

 

After the end of the fiscal year, the Compensation
Committee will determine the extent to which the Goals have been achieved by each respective Participant and will calculate the
amount of the Award to be paid to each (the “Calculated Award”). However, the Compensation Committee with approval
of the independent members of the Board of Directors in the case of the CEO, and the Compensation Committee in consultation with
the CEO in the case of other Participants, may modify the Calculated Award by plus or minus up to 25%.

 

The Compensation Committee reserves the right in its discretion
to modify or waive categories or goals. Among others, the Goals set forth in the 2014 MIP are based upon the organic growth of
the Company and do not reflect the impact of any acquisitions. The Compensation Committee will separately review the impact of
acquisitions, if any.

 

Payment of any Award to a Participant will
be made within fifteen (15) days after receipt by the Company of the audited financial statements for fiscal 2014. In order to
receive an Award, a Participant must be an employee of the Company on the date such Award is to be paid.Exhibit 10.3

IEC Electronics Corp.

Summary of Long-Term Incentive Plan for
Fiscal 2014 (“2014 LTIP”)

 

The 2014 LTIP provides for awards of restricted
stock (“Awards”) to be made under the Company’s 2010 Omnibus Incentive Compensation Plan ("2010
Plan"), to enable and encourage the participants to increase their ownership in the Company by rewarding achievement of
a high level of corporate financial performance through opportunities to participate in stockholder gains. The Chief Executive
Officer (the "CEO") and the Executive Vice President (“EVP”) are participants (“Participants”)
in the 2014 LTIP. The Company’s Chief Financial Officer is not eligible for Awards under the 2014 MIP. The 2014 MIP was finalized
by the Compensation Committee on November 13, 2013.

 

The 2014 LTIP measures Company performance
over a one-year fiscal period. Awards are paid out at the end of the fiscal period based on the attainment of a revenue growth
performance goal ("Goal"), pre-established by the Compensation Committee.

 

The Compensation Committee also has established:

 

(i)a minimum plan entry performance level (“Minimum”),
set at a level in excess of prior fiscal year achievement to assure that stockholders receive the first portion of the benefit
of increased value, and

 

(ii)a target goal (the “Target”)
based on the Company budget.

 

If the Goal is achieved at the Target level,
Awards will be earned by the Participants with a value equal to 60% of base salary for the CEO and 55% of base salary for the EVP.
If performance is less than Target but at least the Minimum with respect to the Goal, a payment less than the Award at Target will
be paid to the applicable Participant, pro rated between a payment of 10% of base salary applicable to achievement at the
Minimum and such Participant’s potential Award at Target. If the Target for a Goal is surpassed, the Award payable at Target
will increase pro rata up to a cap of 200% of the Target level Award. The Compensation Committee has the right to review
and consider performance above the 200% cap. No Award will be made if the applicable Minimum is not achieved.

 

The equivalent dollar value of each Award,
as calculated based on the applicable percentage of base salary, is the “Calculated Value”. Each Award will
be number of shares of restricted stock equal to the Calculated Award divided by the average closing price of the Company’s
common stock on the NYSE MKT for all trading days falling within the period beginning July 1, 2014 and ending September 30, 2014.

 

After the end of the fiscal year, the Compensation
Committee will determine the extent to which the Performance Goal has been achieved and approve the amount of the Equity Award
to be paid to each Participant. However, the Compensation Committee with approval of the independent members of the Board of Directors
in the case of the CEO, and the Compensation Committee in consultation with the CEO in the case of other Participants, may modify
the Calculated Award by plus or minus up to 25%.

 

All Awards will be evidenced by an Award
Agreement in the manner set forth in 2010 Plan. Each Award will be subject to a five-year period of restriction, during which period
the restricted stock may not be sold or otherwise transferred. As to one half (1/2) of the restricted shares, the restrictions
will lapse and the shares will vest on the date four (4) years after the effective date of the Award. As to the other one half
(1/2) of the shares, the restrictions will lapse and the shares will vest on the date five (5) years after the effective date of
the Award. If a Participant's employment with the Company is terminated for any reason whatsoever, other than death, disability,
retirement or change in control, before the lapse of the restrictions, the unvested restricted stock will be deemed forfeited by
the Participant and will be returned to or cancelled by the Company. The Award Agreements may contain such other terms and conditions
deemed appropriate by the Compensation Committee. Such provisions need not be uniform among all grants of Awards among all Participants.

 

    	 

    	 

    

 

Awards earned as provided above will
be granted within fifteen (15) days after receipt by the Company of the audited financial statements for fiscal 2014, to
become effective as of the first regular semi-annual date, established by the Compensation Committee, for grants of awards
under the 2010 Plan that falls on or after that date (expected to be on or about February 15, 2015). In order to receive an
Equity Award, a Participant must be an employee of the Company on the date such Equity Award is granted.

 

The Compensation Committee reserves the right in its discretion
to modify or waive categories or goals. Among others, the Goal set forth in the 2014 LTIP is based upon the organic growth of the
Company and does not reflect the impact of any acquisitions. The Compensation Committee will separately review the impact of non-operating
events and acquisitions, if any.INFORMATION SYSTEMS

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Joint Development Agreement 

 

This JOINT DEVELOPMENT AGREEMENT, made
and entered into as of the date last executed, by and between Northrop Grumman Systems Corporation, a Delaware corporation, acting
through its Information Systems Sector, Defense Systems Division, with a place of business at 201 Electronics Blvd., Huntsville,
Alabama 35824 (hereinafter “Northrop Grumman”) and Cirque Energy, Inc., with a place of business at 243 W. Congress
St, Suite 350, Detroit, MI 48226 (hereinafter referred to as “CIRQUE”).

 

Northrop Grumman has certain technical
knowledge and trade secrets that were used by Cirque Energy, Inc., a subcontractor, to create a conceptual Deployable Gasification
Unit (DGU) capability on behalf of Northrop Grumman. Now, Northrop Grumman wishes to continue technology development for the DGU
and towards this end, desires to use the capabilities of Cirque Energy in order to realize a working DGU prototype for testing
and demonstration. In consideration for Cirque Energy to fund and develop a test unit, NG wishes to permit its Intellectual Property
to be used by Cirque Energy; and provided a prototype is a success and the device is deemed viable, a division of responsibilities,
obligations and customer sales privileges is contemplated and is discussed within Exhibit A.

 

WITNESSETH:

 

WHEREAS, Both Parties are working on a Mobile
Energy / Power Generation Initiative to develop a Deployable Gasification Unit (DGU) capable of producing electricity at tactical
field locations or in support of disaster relief and humanitarian assistance operations (hereinafter referred to as the “Program”);
and

 

WHEREAS,
Both Parties desire to construct a working prototype of a Deployable Gasification Unit (DGU) to demonstrate such a capability
is not only feasible, but more efficient than existing tactical power generation when relating output power to input fuel rates;
and

 

WHEREAS,
Northrop Grumman has certain rights and ownership, capabilities and certain know-how regarding a Deployable Gasification Unit (DGU),
whereby Northrop Grumman has invested significant research and development funding and labor to design a tactical DGU capable of
converting waste byproducts into electricity using largely off-the-shelf technology and components.

 

WHEREAS,
Northrop Grumman further conceptually developed and documented the DGU design in the “Proof of Concept Study” dated
December 7, 2012 (Exhibit C) with CIRQUE as a subcontractor to Northrop Grumman in order to establish the requirements for
the Program, and the Parties agreed that the Intellectual Property documented in the proof of concept study (Exhibit C) are owned
by Northrop Grumman; and

 

WHEREAS,
CIRQUE has certain capabilities and expertise in the area of energy development as it relates to the procurement, processing
and transporting of biomass materials from multiple waste environments (including landfills), material handling and feedstock preparation
systems necessary for both Static and Mobile Systems of various types of gasification technologies; with the most recent advancements
in gasification technology including; demonstration units, technical papers and research that are necessary to meet the requirements
for the Program; and

 

    	 

    	 

    

 

	
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WHEREAS, CIRQUE has resources to fund the
manufacturing and test of a working Prototype DGU and support demonstrations; and

 

WHEREAS, neither Northrop Grumman nor CIRQUE
individually possesses all of the capabilities, resources, expertise or existing capacity to address all of the requirements of
the Program without assistance from each other; and

 

WHEREAS, the combination of the capabilities,
resources, expertise and existing capacity of Northrop Grumman and CIRQUE should result in a working DGU prototype best meeting
the technology identified in Exhibit C which supports the Program; and

 

WHEREAS,
Northrop Grumman and CIRQUE desire to form a Joint Development Agreement that is not in derogation of the applicable antitrust
laws and does not prejudice the Program in any way with respect to any action it may take in procuring goods or services on the
basis of awarding of contracts on a leader/follower or other type basis; and

 

WHEREAS, Northrop Grumman and CIRQUE may
need to exchange significant proprietary and sensitive information in the process of CIRQUE manufacturing and testing the prototype
for the Program, which exchange of information would not be possible if Northrop Grumman and CIRQUE were working with other companies
in support of the Program;

 

NOW, THEREFORE, Northrop
Grumman and CIRQUE hereby agree as follows:

 

		1.	Definitions

 

		1.1.	“Agreement” shall mean this Joint Development Agreement, together with Exhibit A, Exhibit
B, Exhibit C, and other documents incorporated by reference and any amendments thereto.

 

		1.2.	“Parties” shall mean Northrop Grumman and CIRQUE collectively, and “Party”
shall refer to either Northrop Grumman or CIRQUE individually.

 

		2.	Activities

 

		2.1	Each Party will exert all reasonable efforts to develop a DGU prototype
which will meet the details (including cost objectives) of Exhibit C.

 

		2.2	CIRQUE will lead the design, manufacturing, development, testing, site location (including transportation thereof), and prototype
development and demonstration process. This will include involvement by Northrop Grumman as they desire.

 

    	 

    	 

    

 

	
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		2.3	CIRQUE will cooperate with Northrop Grumman by providing such assistance as may be required during the manufacturing of the
DGU Prototype, including, but not limited to: (i) furnishing a status within reasonable timeframes of CIRQUE established goals
and achievements of those goals (to include testing and test results); (ii) assuring the availability of management, pricing, and
technical personnel for potential program related meetings; (iii) submitting a Rough Order of Magnitude estimate for the material
required to manufacture the DGU; and (iv) a written manufacturing process that was utilized for the prototype to make it a repeatable
process for production. CIRQUE will provide 100 percent (100%) of the funds required to accomplish the above and demonstrate to
Northrop Grumman the DGU Prototype.

 

		2.4	In consideration for CIRQUE to fund and develop a test unit, Northrop Grumman wishes to permit its Intellectual Property to
be used by CIRQUE for DGU development. Further, if the DGU Prototype is determined acceptable and suitable by Northrop Grumman,
Exhibit A hereof shall be used as the basis to draft additional agreements for the DGU.

 

		2.5.	The Parties recognize that, during the term of this Agreement, conditions relating to the Program
may change such as to dictate a change in the scope of the work set forth in Exhibit A or in the continuation of the Program by
either Party.

 

Therefore, prior to any revisions
to Exhibit A by Northrop Grumman, CIRQUE will, upon request, enter into good faith negotiations with Northrop Grumman to
revise Exhibit A hereof to increase, decrease or clarify the work hereunder. Northrop Grumman agrees not to initiate such request,
unless it has a good faith belief that such is necessary, and will in such event advice CIRQUE of the basis for such belief. In
the event, after such Northrop Grumman request, the Parties are unable to reach mutual agreement as to an appropriate revision
to Exhibit A, either Party may, upon ten (10) days prior notice to the other Party, terminate this Agreement, unless within such
ten (10) day period Northrop Grumman withdraws the request or mutual agreement upon a revision is reached.

 

		3.	Exclusivity of Agreement

 

In
view of the close cooperation which shall be required, the expenditures which shall be incurred and the necessity to exchange confidential
and proprietary business and technical information for the purpose of this Agreement, CIRQUE agrees that during the term of this
Agreement, CIRQUE shall not participate in any manner in the design, manufacture, assembly, test and commission of a prototype
gasifier unit similar in specification, design or intent, or any part thereof, by itself or by any third party, relating
to or competitive with the Program, or provide any services, data, information or other assistance to any third party in furtherance
thereof or enter into any agreement with any third party for the provision of services or equipment relating to or competitive
with the Program.

 

    	 

    	 

    

 

	
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		4.	Acceptance & Suitability of DGU Prototype

 

Provided the DGU Prototype is
determined to be commercially viable by Northrop Grumman, Exhibit A hereof is provided to document additional agreements for the
DGU.

 

Either Party will, in the event
of an acceptable and suitable DGU Prototype, accept a subcontract to perform work and render services in accordance with this Agreement
and Exhibit A hereto, subject to mutual agreement on prices and other terms and conditions. In the event mutually acceptable prices
and other subcontract terms and conditions or a Letter Subcontract cannot be negotiated by the Parties within a reasonable time,
and in any event within 60 days after award of a contract to a Party, the other Party shall have the right, upon ten (10) days
prior notice to terminate this Agreement and make other arrangements for the performance of the work in Exhibit A, in which case
the rights and obligations of both Parties under this Agreement will terminate pursuant to Article 5.4 below. This right is in
addition to other rights the Parties may have hereunder or under applicable law.

 

Any such resulting subcontract
or changes to this agreement, shall be subject to applicable laws, regulations and required or reasonably implied flow-down terms
and conditions of the contract, mutual agreement on pricing and other subcontract terms and conditions, and prior approval of
Customer, if required.

 

		5.	Termination

 

This Agreement and all rights
and duties hereunder, will terminate upon the first of the following events to occur:

 

		5.1.	Any material change to CIRQUE capabilities or other attributes (e.g., size status; financial
stability) that is significant to the basis on which Northrop Grumman has entered into this Agreement, as reflected in the recitals
to this Agreement;

 

		5.2.	The failure of the CIRQUE to provide the effort defined in Article 4, above, or provide such assistance
in a timely manner or of acceptable quality;

 

		5.3.	Mutual consent of both Parties by execution of a rescission agreement;

 

		5.4.	Ten days after the issuance of the written notice required by Article 4 when the Parties fail to
consummate a subcontract as contemplated herein;

 

		5.5.	Written notification of a decision by either Party not to continue with the Program;

 

		5.6.	A filing of a bankruptcy petition or other material adverse financial change by either Party;

 

    	 

    	 

    

 

	
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		5.7.	A written determination by Northrop Grumman
that an actual or potential Organizational Conflict of Interest (OCI) for either Party pursuant to Article 24 has failed
to be mitigated;

 

		5.8.	A written determination that either Party is ineligible to receive an award by the Government by
being listed on the Consolidated List of Debarred, Suspended and Ineligible Contractors; or

 

		5.9.	The expiration of two (2) years from the effective date hereof, provided, however, if the Program
is still under consideration by Northrop Grumman senior management upon the expiration of the (2) year period, this Agreement shall
continue in force until terminated pursuant to one of the foregoing conditions.

 

	6.	Proprietary Information

 

During
the course of this Agreement, the Parties shall disclose and protect all proprietary and/or sensitive information in accordance
with the Non-Disclosure Agreement executed between the Parties, which is attached as Exhibit B and is hereby incorporated
herein. As a result of the execution of this Agreement, the Parties further agree that Northrop Grumman may disclose information
disclosed under such Non-Disclosure Agreement to the U.S. Government in furtherance of the Program, subject to the appropriate
restrictive legends set forth in the FAR or DFARS, and, on a need-to-know basis, to their other subcontractors and potential subcontractors
on the Program subject to the same restrictions on use and disclosure as are set forth in the Non-Disclosure Agreement. The obligations
of the Non-Disclosure Agreement shall survive the expiration or termination of this Agreement.

 

		7.	Classified Information

 

To the extent the obligations
of the Parties hereunder require the handling or the access to classified U.S. Government security information; the same shall
be subject to the requirements of the Department of Defense National Industrial Security Program Operating Manual (NISPOM).

 

		8.	Intellectual Property

 

Intellectual property developed
under this agreement shall remain the property of the originating Party. All rights, title and interest in the technology and documentation,
and any right, title or interest to any intellectual property rights in the DGU as expressed within Exhibit C shall remain at all
times with Northrop Grumman, and CIRQUE obtains only the rights expressly set forth in this Agreement.

 

CIRQUE recognizes and agrees that any modifications,
alterations, revisions, upgrades, changes, adaptations, and/or improvements to the baseline DGU system and/or technology (not including
CIRQUE/CIRQUE “Auger Gasifier” and “Syngas Scrubber”) is considered under the ownership of and the intellectual
property of Northrop Grumman.

 

    	 

    	 

    

 

	
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CIRQUE recognizes and agrees
that at no time during prototype and/or product development does Northrop Grumman release any of its rights to CIRQUE in the engineering
or design of hardware and/or software which includes the effort necessary to meet specific mission objectives, specifications,
or performance requirements to provide a capability that did not previously exist.

 

CIRQUE
recognizes and agrees that all Northrop Grumman intellectual property is provided "as-is," without any express or implied
warranty. In no event shall Northrop Grumman be held liable for any damages arising from CIRQUE use of the Northrop Grumman intellectual
property.

 

In the event of joint development,
the Parties shall establish their respective rights in the intellectual property by negotiations between the Parties. Each Party
shall grant to the other Party the right to use its intellectual property necessary for the other Party to support the prototype
development and demonstration. It is recognized and agreed that the Parties may be required to, and shall, grant licenses or other
rights to inventions, data, software and information as specified in United States (U.S.) Government Solicitations or as required
by law. Such rights, which shall be identified in any resulting subcontract, shall not exceed those required by the U.S. Government
contract.

 

		9.	Expenses

 

Except
as otherwise set forth herein, or as may be mutually agreed by the Parties, and except for the compensation which may be paid to
the Parties in accordance with any such contracts and subcontracts, each Party shall bear all of its own risks and expenses incurred
in connection with this Agreement and the Program referred to herein including, without limitation, its marketing, sales
and proposal activities.

 

		10.	Relationship

 

The
cooperation of the Parties contemplated by this Agreement is for the purpose of complementing their respective capabilities for
the Program objectives. This Agreement shall not constitute, create, or in any way be interpreted as a partnership, joint venture
or formal business organization of any kind. This Agreement does not establish any relationship of principal or agent; and
neither Party shall have any power or authority to accept on behalf of the other any offer, agreement, or contract, or to make,
incur, contract or create any claim, promise, guarantee, debt, obligation, expense or liability of any kind whatsoever in the name
of, on behalf of or for the account of the other Party. Nothing in this Agreement shall be construed as providing for the sharing
of profits and losses of either or both of the Parties. Except to the extent of a breach of this Agreement, neither Party shall
acquire, by virtue of this Agreement, any liability to the other Party for expenses, risks or liabilities incurred by the other
Party.

 

    	 

    	 

    

 

	
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		11.	Scope of Agreement

 

This Agreement shall relate
only to the Program specified herein, and nothing herein shall be deemed to:

 

		11.1.	Confer any right or impose any obligation or restriction on either Party with respect to any other
program effort or marketing activity at any time undertaken by either Party hereto, jointly or separately; or

 

		11.2.	Preclude either Party hereto from soliciting or accepting a contract or subcontract from any third
party contractor (or subcontractor of any tier) under any other program or under this Program after termination of this Agreement;
or

 

		11.3.	Limit the rights of either Party to promote, market, sell, lease, license or otherwise dispose
of its standard products or services, except where such would conflict with the obligations of the Party under this Agreement.

 

		12.	Condition on Obligations

 

The obligations of either Party
hereunder, including without limitation the obligations to prepare and submit any proposal and to award or accept any subcontract,
are subject to the following conditions:

 

		12.1.	There shall be no litigation or proceeding pending or threatened against the Party or any of its
officers or employees (i) which is for the purpose of enjoining or otherwise restricting the activities contemplated by this Agreement,
or otherwise claiming that any such activity is improper, (ii) which would adversely affect the rights and/or capabilities of the
Party in respect of such activities, or (iii) which, in the judgment of an officer of either Party, would make the continuation
of such activities inadvisable.

 

		12.2.	Prior to the submission of any proposal or the award of any subcontract, there shall have been
no material adverse change in the financial condition or operational capabilities of either Party relating to the activities contemplated
by this Agreement, and there shall not have been any occurrence, circumstance or combination thereof which might reasonably be
expected to result in any material adverse change in the ability of either Party to perform the work covered by such proposal or
contemplated subcontract.

 

		12.3.	In the event of any occurrence or circumstance as set forth in Articles 12.1 and 12.2 above, each
Party shall provide written notice to the other within ten (10) working days of knowledge of such occurrence or circumstance.

 

		13.	Indemnity

 

The employees of Northrop Grumman
and CIRQUE shall obey all pertinent rules and regulations of the other Party while on the premises of the other Party, including
those relating to the safeguarding of classified information. Each Party agrees to indemnify and save harmless the other Party
from and against all claims for damage to, or loss of use of, the other Party’s tangible property; and injury or death of
any of the other Party’s employees or agents, to the extent any such damage, injury or death is caused by any negligent act
or omission to act of the indemnifying Party’s employees or agents in connection with performance under this Agreement.

 

    	 

    	 

    

 

	
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		14.	Compliance with Law

 

The Parties shall comply with
all federal, state and local laws and regulations including Executive Orders of the President of the United States applicable to
the effort contemplated under this Agreement. Technical data exchanged hereunder may be subject to U.S. export control laws and
regulations. Accordingly, the Parties shall not transfer technical data received under this Agreement to any foreign person, country,
foreign subsidiary or parent corporation, without specific authorization from the disclosing Party and pursuant to an appropriate
U.S. Government agency license.

 

		15.	Governing Law

 

This Agreement shall be construed
in all respects in accordance with, and any dispute arising hereunder shall be governed by, the substantive and procedural laws
of Virginia except, however, that choice of law provisions shall not apply.  The Parties waive any right to a jury trial.

 

		16.	Disputes

 

The Parties will attempt in
good faith to resolve through good faith negotiations of any dispute, claim or controversy arising out of or relating to this
Agreement. If the Parties are unable to resolve such dispute, claim or controversy through good faith discussions at the Program
level, higher level management representatives from each Party shall meet and attempt to resolve the dispute. Parties may exercise
any right available under the law if the disputes cannot be resolved through good faith negotiations. No provision of this Agreement
shall prevent either Party from exercising any right available under the law if (a) good faith efforts to resolve the dispute
have been unsuccessful, or (b) interim relief from a court or other adjudicative body is necessary to prevent serious and (or)
irreparable injury. 

 

		17.	Limitation of Liability

 

Neither Party shall be liable
to the other for any indirect, incidental, special or consequential damages, however caused, whether as a consequence of the negligence
of the one Party or otherwise.

 

		18.	Publicity

 

No releases shall be made to
the news media or the general public relating to this Agreement without the prior written approval of the other Party, which approval
shall not be unreasonably withheld. The Parties further agree that news releases made by either of them shall recognize the participation
and contributions of the other Party.

 

    	 

    	 

    

 

	
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		19.	Non-solicitation of Employees 

 

Northrop Grumman’s obligations
and commitments under this Agreement, including the non-solicitation provision below, apply only to its Information Systems Sector,
Defense Systems Division (DSD).

 

The parties agree that during
the term of this Agreement and for a period of one (1) year after the expiration or termination of this Agreement, neither party
shall, without the advance written consent of the other, actively solicit for employment any person or persons employed by the
other who is working on or with respect to the parties contract and/or subcontracts under the Program. The hire of individuals
responding to general public marketing and recruiting advertisements and events shall not be a violation of this provision; only
active, targeted solicitation is prohibited.

 

		20.	Assignments

 

Neither Party
shall assign or transfer any of its rights or obligations hereunder in whole or part without the prior written consent of the other
Party, except to another U.S. corporate division or affiliate of the Party so long as sufficient assets, personnel and other resources
necessary to perform the obligations hereunder remain available. Any consent required under this clause shall not be unreasonably
withheld.

 

		21.	Severability

 

If
any provision of this Agreement or part of such provision is or becomes invalid or unenforceable, then the remaining provisions
hereof shall continue to be effective. Nothing in this Agreement shall be construed as requiring any Party to take any action
which is prohibited under any applicable governmental laws or regulations, or as prohibiting any Party from complying with such
laws or regulations.

 

		22.	Waivers

 

No waiver by a Party of any
of its rights or remedies shall be construed as a waiver by such Party of any other rights or remedies that such Party may have
under this Agreement.

 

		23.	Notices

 

All notices or communications
(other than normal business communications) required by this Agreement or desired to be given hereunder, shall be in writing addressed
as follows, and given by certified or registered mail, return receipt requested, or an overnight mail service that confirms delivery
and shall be deemed to be given when received.

 

    	 

    	 

    

 

	
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If To:Northrop Grumman:

			Northrop Grumman Systems Corporation,

201
Electronics Blvd.

Huntsville,
AL 35824

Attention:
Carl V. Ehler

 

If To: CIRQUE:

Cirque
Energy, Inc. 

243
W. Congress St, Suite 350

Detroit,
MI 48226

	 	Attention:	Richard L. Fosgitt, PE

  

		24.	Entire Agreement

 

This Agreement contains the
entire understanding between the Parties and is the complete and exclusive expression of the Agreement between the Parties with
respect to the Program.  This Agreement supersedes all prior or contemporaneous communications, agreements or understandings
between the Parties on the subject matter of this Agreement.  A modification to this Agreement may only be made in writing
and must be signed by authorized representatives of both Parties.

 

The Parties hereto, by and through their
duly authorized representatives, execute this Agreement.

 

	CIRQUE ENERGY, INC.	 
	By	 	 
	Name	Joseph L. DuRant	 
	Title	CEO	 
	Date	November 13, 2013	 
	 	 	 
	NORTHROP GRUMMAN SYSTEMS CORPORATION	 
	DEFENSE SYSTEMS DIVISION (DSD) 	 
	By	 	 
	Name	 	 
	Title	 	 
	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]