Document:

Exhibit 10.14

 

Consulting
Agreement

between

HYPERSOLAR,
INC. and GreenTech Development Corporation

  

This
Consulting Agreement (“Agreement”) is entered into this September 19, 2018 (the “Effective Date”) by and
between HyperSolar, Inc., a Nevada corporation, (“Company”) with its principal address at 510 Castillo St., Suite
320, Santa Barbara, CA 93101 and GreenTech Development Corporation, a Wyoming Corporation, (“Consultant”) with their
principal address at 30 N. Gould St., Suite R, Sheridan, WY 82801.

 

Section
1. Hiring of Consultant. This Agreement shall commence on the Effective Date and continue until terminated in
accordance herewith. This Agreement may be terminated by either party at any time, for any or no reason, by written notice to
the other party not less than thirty (30) days prior to the effective date of termination. In the event of such termination, Company
will be obligated to pay Consultant any outstanding fees and expenses due under this Agreement only for or in connection with
such services actually completed by Consultant and reasonably acceptable to Company as of the date of termination notice.

 

Section
2. Duties. Consultant shall be available to consult with and perform the following duties for Company concerning
the business and technology of Company:

 

		a.	Advise
                                         company on the development and commercialization of the Company’s technology

 

		b.	Aid
                                         in the solicitation and acquisition of the financing for the development and commercialization
                                         of the Company’s technology, and the ongoing operations of the Company.

 

		c.	Help
                                         seek and identify potential engineering and construction firms that are qualified to
                                         design and build a pilot plant to test and operate the Company’s technology in
                                         a steady state condition, and to negotiate the Company’s arrangement with the chosen
                                         firm.

 

		d.	Aid
                                         in the identification of and the establishment of a contractual relationship with a host
                                         company with which the Company can establish and operate its pilot plant.

 

		e.	Advise
                                         the CEO in the allocation of Company resources and in any other function that the CEO
                                         chooses.

 

The
Company shall pay Consultant the fees set forth in this Agreement for making its professionals available to consult with Company.
Consultant will determine the method, details, and means of performing the above-described services. Consultant’s performance
under this Agreement shall be conducted with due diligence and in full compliance with the highest professional standards of practice
in the industry. Consultant shall at all times comply with all applicable laws and Company’s safety rules in the course
of performing the services.

 

    	
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Section
3. Status of Consultant. Employees of the Consultant shall be treated as an independent contractor, and not
as employees, partners, agents, or principals of Company, and shall not be entitled to the rights or benefits afforded to Company’s
employees, including disability or unemployment insurance, workers’ compensation, medical insurance, sick leave, or any
other employment benefit. Consultant shall be responsible for providing disability, unemployment, and other insurance, workers’
compensation, training, permits, and licenses for its own employees and subcontractors. Consultant shall be responsible for paying
when due all income taxes, including estimated taxes, incurred as a result of the compensation paid by Company to Consultant for
services under this Agreement. On request, Consultant will provide Company with proof of timely payment in the form of a written
confirmation by a Certified Public Accountant that Consultant has paid such taxes on a timely basis. Consultant agrees to indemnify
Company for any claims, costs, losses, fees, penalties, interest, or damages suffered by Company resulting from Consultant’s
failure to comply with this provision.

 

Section
4 . Compensation.

 

As
consideration for the Consultant’s undertaking to be available to provide the services described above, Company agrees to
pay to Consultant a monthly retainer of $10,000 payable at the first of each month. Furthermore, Consultant may be paid additional
bonus compensation based on its performance, at the sole discretion of the Company. Consultant shall seek the advice and counsel
of a certified public accountant, tax attorney, or other tax adviser with respect to the tax consequences of the foregoing provisions.
Company makes no representations in that regard. All fees paid hereunder are Consultant’s sole compensation for rendering
the services to Company.

 

Section
5. Product and Project Development.

 

Company’s
actual development of any given project and/or product shall be contingent on (i) regulatory issues and financial concerns; and
(ii) Company’s subjective determinations to be made in its sole discretion as to economic viability, availability of financing,
marketplace desirability, competition in the marketplace, and aesthetic appeal, and such other factors as Company deems pertinent,
in the exercise of its sole discretion. Company has and shall continue to have the absolute unqualified and unfettered right to
decline to develop, advance, or pursue any given project(s) and/or product(s). Nothing contained in this agreement shall give
rise to an obligation or duty on the part of Company to actually engage in the development, advancement, or pursuit of any given
project(s) and/or product(s) or to assign to Consultant any tasks related thereto. Company shall suffer no liability, penalty,
or other adverse consequence if Company, in the exercise of its sole and unfettered discretion, abandons or otherwise declines
to develop, advance, or pursue any given project. Company disclaims any and all representations and/or warranties, express or
implied, as to whether any such project(s) and/or product(s) will actually be developed, advanced, or pursued.

 

Section
6. Consultant’s Representations and Warranties. Consultant hereby represents and warrants that it possesses
the skill, knowledge, and experience so as to be fully qualified, well-experienced, and properly skilled in the performance of
the services required under this Agreement without direct supervision.

 

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
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Section
7. Intentionally Blank. 

 

Section
8. Confidentiality and Assignment of Inventions. 

 

(a) Obligations.
During the term of this Agreement, and for five (5) years afterward, (i) Consultant must hold in strict confidence any Confidential
Information (as defined below), (ii) Consultant must not disclose to any third party any Confidential Information unless it has
first received approval to make such disclosure or such disclosure is required during the term of this Agreement in order to carry
out Consultant’s day-to-day activities in fulfillment of its duties hereunder, and (iii) Consultant may not use Confidential
Information for any use or purpose other than providing the services hereunder.

 

(b) Definition
of Confidential Information. For purposes of this Agreement, “Confidential Information” means technical
data, trade secrets or know-how, such as research, product plans, products, services, customer lists, vendors and customers (including
customers and prospective customers of Company on whom Consultant calls or with whom Consultant becomes acquainted during the
term of this Agreement), markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering,
hardware configuration information, marketing, finances or other business information disclosed to Consultant by Company either
directly or indirectly in writing, orally or by drawings or observation of parts or equipment. Confidential Information may include
items obtained by Company from a third party, but which it is required to keep secret. Confidential Information does not include
any of the foregoing items which have become publicly known and made generally available through no wrongful act of Consultant
or of others who were under confidentiality obligations as to the item or items involved.

 

(c) Former
or Concurrent Employer Information. Consultant shall not, during the term of this Agreement, improperly use or disclose
any proprietary information or trade secrets of any former or concurrent employer, client, or other person or entity. Consultant
shall not bring onto the premises of Company any unpublished document or proprietary information belonging to any such employer,
client, or other person or entity unless consented to in writing by such employer, person or entity. Consultant acknowledges its
understanding that Company has no interest whatsoever in any knowledge or information Consultant may possess that is proprietary
to a concurrent or former employer or consulting client. Consultant acknowledges its full and complete understanding that it is
Company’s policy to insist that Consultant not bring to Company or use in its work for Company any papers, notes or other
information that is proprietary to a concurrent or former employer or consulting client. If Consultant has any such papers or
other information in its possession, Company strongly suggests that such papers or other information be returned to such concurrent
or former employer or consulting client. Company further suggests that Consultant, if it has any questions or doubts concerning
matters that may be proprietary to a concurrent or former employer or consulting client, contact such concurrent or former employer
or consulting client to discuss the matter. If questions remain with Consultant in this regard after engaging in such discussions,
Company will afford Consultant an opportunity to meet with Company’s attorney for purposes of achieving a lawful and otherwise
appropriate resolution with respect to such issues.

 

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
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(d) Assignment
of Inventions. Consultant will promptly make full written disclosure to Company, will hold in trust for the sole right
and benefit of Company, and hereby assigns to Company, or its designee, all of Consultant’s right, title, and interest in
and to any and all inventions, original works of authorship, developments, concepts, improvements or trade secrets, whether or
not patentable or eligible for registration under copyright or similar laws, which Consultant may solely or jointly with others
conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the term of this
Agreement (collectively referred to as “Inventions”) and which (i) are developed using the equipment, supplies, facilities
or Confidential Information of Company, (ii) result from or are suggested by work performed by Consultant for Company, or (iii)
relate to the business, or to the actual or demonstrably anticipated research or development of Company, will be the sole and
exclusive property of Company, and Consultant shall, and does hereby assign all of its right, title and interest in such Inventions
to Company, except as provided in Section 8(g). Any assignment of copyright hereunder (and any ownership of a copyright
as a work made for hire) includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may
be known as or referred to as “moral rights” (collectively, “Moral Rights”). To the extent such Moral
Rights cannot be assigned under applicable law and to the extent the following is allowed by the laws in the various countries
where Moral Rights exist, Consultant hereby ratifies and consents to any action of Company that would violate such Moral Rights
in the absence of such ratification/consent. Consultant will confirm any such ratifications and consents from time to time as
requested by Company.

 

(e) Patent
and Copyright Registrations. Consultant shall assist Company, or its designee, at Company’s expense, in every proper
way to secure Company’s rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property
rights relating thereto in any and all countries. Consultant hereby conveys to Company, its successors, assigns, and nominees
the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or
other intellectual property rights relating thereto. Consultant’s obligation to execute or cause to be executed, when it
is within its power to do so, any such instrument or papers shall continue after the termination of this Agreement. If Company
is unable because of Consultant’s mental or physical incapacity or for any other reason to secure Consultant’s signature
to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions
or original works of authorship assigned to Company, as above, then Consultant hereby irrevocably designates and appoints Company
and its duly authorized officers and agents as Consultant’s agent and attorney-in-fact, to act for and in behalf and stead
of Consultant to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution
and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by Consultant.

 

(f) Maintenance
of Records. Consultant will maintain adequate and current written records of all Inventions made by Consultant (solely
or jointly with others) during the term of this Agreement. The records will be in the form of notes, sketches, drawings, and any
other format that may be specified by Company. The records will be available to and remain the sole property of Company at all
times.

 

(g) Inventions
Made Prior to the First Date of the Term of this Agreement. Consultant provides below a list of all inventions, original
works of authorship, developments, improvements, and trade secrets which were made by Consultant prior to the first date of the
term of this Agreement (collectively referred to as “Pre-Company Inventions”), which belong to Consultant, which relate
to Company’s proposed business, products or research and development, and which are not assigned to Company hereunder. If
no such list is attached, then Consultant represents that there are no such Pre-Company Inventions. If during the term of this
Agreement Consultant incorporates into a Company product, process, device, or machine a Pre-Company Invention owned by Consultant
or in which Consultant has an interest, Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual,
worldwide license to make, have made, modify, use and sell such Pre-Company Invention as part of or in connection with such product,
process or machine.

 

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
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List
of Pre-Company Inventions Subject to §8(g):

 

Title           Date            Identification
No. or Brief Description

 

1.
      ____________________________________________________________ 

 

 Initals: _____________

 

(If
more than one, see Attachment 8(g); if none, insert the word “None”)

 

(h) Exception
to Future Assignments. Any provisions of this Agreement requiring the future assignment of Inventions to Company do not
apply to any invention that (i) Consultant develops entirely on its own time; and (ii) Consultant develops without using
Company equipment, supplies, facilities, or confidential or trade secret information; and (iii) does not result from any
work performed by Consultant for Company; and (iv) does not relate at the time of conception or reduction to practice to
Company’s business, or to its actual or demonstrably anticipated research or development. Any such invention will be owned entirely
by Consultant, even if developed during the term of this Agreement. Consultant will immediately advise Company promptly in writing
of any inventions that Consultant believes meet the criteria for exclusion set forth herein and are not otherwise disclosed herein.

 

(i) Return
of Company Documents. Upon termination of this Agreement, Consultant will deliver to Company (and will not keep in its
possession, recreate, or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence,
specifications, drawings blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned
items developed by Consultant pursuant to this Agreement or otherwise belonging to Company, its successors or assigns. Upon termination
of this Agreement Consultant will sign and deliver the “Termination Certificate” attached hereto as Exhibit B.

 

9. Notification
of New Principal, Employer, or Client. Consultant hereby grants consent to Company to notify any new principal, employer,
or client of Consultant about Company’s rights and Consultant’s obligations arising under this Agreement.

 

10. No
Solicitation of Employees; Non-Competition.

 

10.1
 During the term of this Agreement, the following provisions apply:

 

(a) Consultant
will not solicit the employment of any person who is then engaged by Company as an employee, consultant or advisor, or who was
engaged by Company as an employee, consultant or advisor within the prior 12 month period, on behalf of Consultant or any other
person(s) or entity(ies).

 

(b)
 Consultant will not engage in any other employment, occupation, consulting or other
business activity directly related to the business in which Company is now involved or becomes involved during the term of this
Agreement, nor will Consultant engage in any other activities that conflict with its obligations to Company.

 

(c)
 Consultant will not engage in any other activity, alone or in concert with any other(s),
which serves to solicit, entice, or in any way divert any of the Company’s employees, customers, prospects, business opportunities,
investors, or suppliers to do business with any business entity in competition with Company or that could otherwise impair or
harm the interests of Company.

 

    	
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10.2 During
the twelve (12) months following the termination of this Agreement, regardless of the reason or circumstances related to such
termination, the following provisions apply:

 

(a) Consultant
will not solicit the employment of any person who is then engaged by Company as an employee, consultant or advisor, or who was
engaged by Company as an employee, consultant or advisor within the prior 12 month period, on behalf of Consultant or any other
person(s) or entity(ies).

 

(b)
 Consultant will not engage in any employment, occupation, consulting or other business
activity individually or with any third party with whom Company is engaged in a business relationship (whether as customer, subcontractor,
supplier, investor, or otherwise). A list of such third parties to whom this subparagraph applies will be prepared by Company
and delivered to Consultant promptly following termination of this Agreement.

 

11. Representations
& Disclosure. Consultant represents and warrants that its performance of all the terms of this Agreement will not
breach any agreement to keep in confidence proprietary information acquired by Consultant in confidence or in trust prior to the
term of this Agreement. Consultant has not entered into, and will not enter into, any oral or written agreement in conflict herewith,
including without limitation any employment with or engagement by any academic institution. Consultant will execute any proper
oath or verify any proper document required to carry out the terms of this Agreement. In conjunction with the signing of this
Agreement, Consultant will make full disclosure and provide to Company accurate and complete copies of any and all (i) presentations,
(ii) documents, and (iii) communications, regardless of the medium thereof, which Consultant provides to Company customer(s),
prospect(s), supplier(s) and/or investor(s) outside of the scope of its duties as a Company consultant.

 

12. Indemnity.
Consultant will defend, indemnify and hold Company and its affiliates (and their respective employees, directors and representatives)
harmless against any and all loss, liability, damage, claims, demands or suits and related costs and expenses (including, without
limitation, reasonable attorneys’ fees and court costs) arising or resulting, directly or indirectly, from (i) any act or
omission of Consultant (its employees or independent contractors) or Consultant’s (its employees’ or independent contractors’)
breach of any representation, warranty or covenant of this Agreement, or (ii) infringement of any third-party intellectual property
rights by the results of Consultant’s services, Company’s use of such results or Consultant’s performance of
the services hereunder.

 

    	
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13. Limit
of Liability. NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT OR OTHERWISE, NEITHER CONSULTANT NOR Company WILL BE LIABLE
WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE
THEORY FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES. THE FOREGOING LIMITATION DOES NOT APPLY TO CONSULTANT’S
OBLIGATIONS UNDER SECTIONS 3, 8, 10 OR 12.

 

14. Arbitration
and Equitable Relief.

 

(a) Arbitration.
Except as provided in Section 14(b) below, any dispute or controversy arising out of or relating to this Agreement must be
resolved by binding contractual arbitration to be held within the County of Los Angeles, State of California, in accordance with
the Code of Civil Procedure of the State of California. The arbitrator may grant injunctions or other relief in any such dispute
or controversy. The decision of the arbitrator shall be final, binding, and non-appealable. Judgment may be entered on the arbitrator’s
decision in any court having jurisdiction. Company and Consultant shall each pay one-half of the costs and expenses of such arbitration.
At the conclusion of such arbitration the prevailing party shall be entitled to recover from the other party the reasonable attorney
fees (as determined by the arbitrator) and court costs incurred in said arbitration proceeding and in any ensuing enforcement
and collection proceedings.

 

(b) Equitable
Remedies. With respect to those sections of this Agreement which would be a proper subject of equitable relief under California
law, Company will have available, in addition to any other right or remedy available, the right to obtain an injunction from a
court of competent jurisdiction restraining such breach or threatened breach and to specific performance of any such provision(s)
of this Agreement. The parties mutually agree that no bond or other security shall be required in obtaining such equitable relief
and Consultant hereby consents to the issuance of such injunction and to the ordering of specific performance.

 

15. General
Provisions.

 

(a) Governing
Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of California as they
apply to contracts entered into and wholly to be performed within such State. Consultant hereby expressly consents to the nonexclusive
personal jurisdiction and venue of the state and federal courts located in the Central District of California for any lawsuit
filed there against Consultant by Company arising from or relating to this Agreement.

 

(b) Entire
Agreement. This Agreement sets forth the entire agreement and understanding between Company and Consultant relating to
the subject matter herein and merges all prior discussions between the parties hereto. No modification of or amendment to this
Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the party to be charged.
Subsequent change(s) in duties and/or compensation will not affect the validity or scope of this Agreement.

 

(c) Severability.
If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full
force and effect.

 

    	
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(d) Successors
and Assigns. Consultant may not assign, sell, transfer, delegate or otherwise dispose of any rights or obligations under
this Agreement; any such purported assignment, transfer, or delegation shall be null and void. Nothing in this Agreement shall
limit Company’s right to assign, sell, transfer, delegate or otherwise dispose of any of its rights or obligations under
this Agreement. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and
their respective heirs, legal representatives, successors, and permitted assigns, and shall not benefit any person or entity other
than those enumerated above.

 

(e) Proof
of Eligibility to Work in U.S. For purposes of U.S. federal immigration law, Consultant must provide to Company certain
documents that confirm Consultant’s identity and prove your eligibility to engage in work activities in the United States,
including the performance of the consulting activities contemplated by this Agreement. Such documents shall be provided by Consultant
to Company within three business days after date of hire. Company reserves the right to terminate this Agreement if Consultant
fails to provide the eligibility documents within said time period.

 

(f) Additional
Company Rules and Regulations, Conflict of Interest Guidelines. As a Company consultant, Consultant will be required to
abide by company rules and regulations in force from time-to-time. When so requested by Company, Consultant will be specifically
required to sign an acknowledgment that he has read and understand company rules of conduct which may be issued in written or
electronic form, or in a company handbook. In addition, Consultant agrees to abide by the Conflict of Interest Guidelines set
forth in Exhibit A, attached hereto.

 

(g) Attorneys’
Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorneys’ fees, court costs and necessary disbursements, in addition to any other
relief to which the party may be entitled.

 

Executed
as of the Effective Date.

 

	By: 	/s/ Tim
    Young	 
	 	Tim Young	 
	 	President	 
	 	 	 
	CONSULTANT:	 
	 	 	 
	By: 	/s/ E.R. Smith	 
	 	GreenTech Development Corporation	 
	 	E.R. Smith, Vice-President	 

 

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
	Page 8 

     

    

EXHIBIT
A

 

HyperSolar,
Inc.

Conflict
of Interest Guidelines

 

It
is the policy of HyperSolar, Inc. and its subsidiaries and affiliates (together, “Company”) to conduct its affairs in
strict compliance with the letter and spirit of the law and to adhere to the highest principles of business ethics. Accordingly,
all officers, employees, consultants, and independent contractors must avoid activities which are in conflict, or give the appearance
of being in conflict, with these principles and with the interests of Company. The following are potentially compromising situations
which must be avoided. Any exceptions must be reported to the President and written approval for continuation must be obtained.

 

(1)  Revealing
confidential information to outsiders or misusing confidential information. Unauthorized divulging of information is a violation
of this policy whether or not for personal gain and whether or not harm to Company is intended.

 

(2)  Accepting
or offering substantial gifts, excessive entertainment, favors or payments which may be deemed to constitute undue influence or
otherwise be improper or embarrassing to Company.

 

(3)  Participating
in civic or professional organizations that might involve divulging confidential information of Company.

 

(4)  Initiating
or approving any form of personal or social harassment of employees.

 

(5)  Investing
or holding outside directorship in suppliers, customers, or competing companies, including financial speculations, where such
investment or directorship might influence in any manner a decision or course of action of Company.

 

(6)  Borrowing
from or lending to employees, customers or suppliers.

 

(7)  Acquiring
real estate or property of interest to Company without first receiving written approval from the President.

 

(8)  Improperly
using or disclosing to Company any proprietary information or trade secrets of any former or concurrent employer or other person
or entity with whom obligations of confidentiality exist.

 

(9)  Unlawfully
discussing prices, costs, customers, sales or markets with competing companies or their employees and/or consultants.

 

(10) Making
any unlawful agreement with distributors with respect to prices.

 

(11) Improperly
using or authorizing the use of any inventions which are the subject of patent claims of any other person or entity.

 

(12) Engaging
in any conduct which is not in the best interest of Company.

 

Each
officer, employee, consultant, and independent contractor must take every necessary action to ensure compliance with these guidelines
and to bring problem areas to the attention of higher management for review. Violations of this conflict of interest policy may
result in immediate termination.

 

    	
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EXHIBIT
B (only executed upon termination of agreement)

 

HyperSolar,
Inc.

Termination
Certificate

 

This
is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions
of any aforementioned items belonging to HyperSolar, Inc. its subsidiaries, affiliates, successors or assigns (together, the “Company”).

 

I
further certify that I have complied with all the terms of my Consulting Agreement with Company signed by me (the “Consulting
Agreement”), including the reporting of any inventions and original works of authorship (as defined therein), conceived or
made by me (solely or jointly with others) covered by the Consulting Agreement.

 

I
further agree that, in compliance with the Consulting Agreement, I will preserve as confidential all trade secrets, confidential
knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or
experimental work, computer programs, data bases, other original works of authorship, customer lists, business plans, financial
information or other subject matter pertaining to any business of Company.

 

I
further agree that for twelve (12) months from this date, I shall not solicit the employment of any person who shall then be employed
by Company (as an employee or consultant) or who shall have been employed by Company (as an employee or consultant) within the
prior twelve (12) month period, on behalf of myself or any other person, firm, corporation, association or other entity, directly
or indirectly, all as provided more fully with the Consulting Agreement.

 

Date:
                             

 

	 	 
	 	GreenTech Development Corporation

 

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
	Page 10 

     

    

 

ATTACHMENT
8(g)

 

Consultant’s
Pre-Company Inventions:

 

	Title	 	 Date	 	Identification No. or Brief Description	 	Subject to §8(g), above
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

    	
Consulting Agreement between HYPERSOLAR, INC. and GreenTech Development Corporation
	Page 11Exhibit 10.15

 

CONTRACT

 

THIS AGREEMENT effective this
1st of June, 2018, by and between HyperSolar, Inc (hereafter referred to as “Sponsor”)
and The University of Iowa, Iowa City, Iowa, a non-profit educational institution (hereinafter referred to as “University”).

 

WITNESSETH:

 

WHEREAS, the research program
contemplated by this Agreement is of mutual interest and benefit to University and to Sponsor, will further the instructional and
research objectives of University in a manner consistent with its status as a non- profit, tax-exempt, educational institution,
and may derive benefits for both Sponsor and University through inventions, improvements, and/or discoveries;

 

NOW, THEREFORE, in consideration
of the premises and mutual covenants herein contained, the parties hereto agree to the following:

 

ARTICLE 1 - Definitions

 

As used herein, the following terms
shall have the following meanings:

 

		1.1	“Project” shall mean the description of the project
as described in Exhibit A hereof, under the direction of Syed Mubeen as Principal Investigator.

 

		1.2	“Contract Period” is June 1, 2018, through May
31, 2019.

 

		1.3	“University Intellectual Property” shall mean
individually and collectively all inventions, improvements and/or discoveries which are conceived and/or made (i) by one or more
employees of University, or (ii) jointly by one or more employees of University and by one or more employees/consultants of Sponsor,
in performance of the Project.

 

ARTICLE 2 - Research Work

 

		2.1	University shall commence performance of the Project promptly
after the effective date of this Agreement, and shall use all reasonable efforts, care, and diligence to perform such Project
in accordance with the terms and conditions of this Agreement. Anything in this Agreement to the contrary notwithstanding, Sponsor
and University may at any time amend the Project by mutual written agreement.

 

		2.2	In the event that the Principal Investigator becomes unable
or unwilling to continue the Project, and a mutually acceptable substitute is not available, University and/or Sponsor shall have
the option to terminate said Project pursuant to Article 10.1.

 

		2.3	The University does not comply with Good Laboratory Practices
(GLPs) as defined by the U.S. Food and Drug Administration in 21 C.F.R. 58.

 

    	 	-1-	 

     

    

 

ARTICLE 3 - Reports and Conferences

 

		3.1	Written program reports shall be provided by University
to Sponsor every six (6) months, and a final report shall be submitted by University within forty-five (45) days of the conclusion
of the Contract Period, or the earlier termination of this Agreement.

 

		3.2	During the term of this Agreement, representatives of University
will meet with representatives of Sponsor at times and places mutually agreed upon to discuss the progress and results, as well
as ongoing plans, or changes therein, of the Project to be performed hereunder.

 

ARTICLE 4 - Costs, Billings, and Other
Support

 

		4.1	It is agreed to and understood by the parties hereto that,
subject to Article 2, total costs to Sponsor hereunder shall not exceed the sum of One Hundred and Forty Four Thousand and Seven
Hundred and Forty Seven Dollars (144,747). Payment shall be made by Sponsor according to the following schedule:

 

Four (4) Quarterly Payments of $36,187.75

 

		4.2	Invoices shall be submitted to the Sponsor representative
listed in Article 17 for submission of invoices. Payments to University shall include Sponsor name, Principal Investigator name,
project title and shall be submitted to the University representative listed in Article 17 for payment remittance.

 

		4.3	[Sponsor shall loan/donate
the following equipment to University under the following conditions:                
Not Applicable                                                   .]
University shall retain title to any equipment purchased with funds provided by Sponsor under this Agreement.

 

		4.4	Anything herein to the contrary notwithstanding, in the
event of early termination of this Agreement by Sponsor pursuant to Article 10.1 hereof, Sponsor shall pay all costs accrued by
University as of the date of termination, including non-cancelable obligations, which shall include all non-cancelable contracts
and fellowships or postdoctoral associate appointments called for in Appendix A, incurred prior to the effective date of termination.
After termination, any obligation of Sponsor for fellowships or postdoctoral associates shall end no later than the end of University’s
academic year following termination.

 

ARTICLE 5 - Publicity

 

		5.1	Sponsor shall not use the name of University, nor of any
member of University’s Project staff, in any publicity, advertising, or news release or in any way imply endorsement of
the University without the prior written approval of an authorized representative of University. University shall not use the
name of Sponsor, nor any employee of Sponsor, in any publicity without the prior written approval of Sponsor. University may disclose,
without Sponsor’s approval, the terms of this Agreement that are a matter of public record under the Iowa Open Records Law,
Iowa Code Chapter 22.

 

    	 	-2-	 

     

    

 

ARTICLE 6 - Publications

 

		6.1	Sponsor recognizes that under University policy, the results
of University research must be publishable and agrees that researchers engaged in the Project shall be permitted to present research
results at symposia, national or regional professional meetings, and to publish in journals, theses or dissertations, or otherwise
of their own choosing, methods and results of the Project, provided, however, that Sponsor shall have been furnished copies of
any proposed publication or presentation at least one (1) month in advance of the submission of such proposed publication or presentation
to a journal, editor, or other third party. Sponsor shall have thirty (30) days, after receipt of said copies, to object to such
proposed presentation or proposed publication because there is patentable subject matter or proprietary information of Sponsor
that needs protection. In the event that Sponsor makes such objection, said researcher(s) shall refrain from making such publication
or presentation for a maximum of six (6) months from date of receipt of such objection in order for University to file patent
application(s) with the United States Patent and Trademark Office and/or foreign patent office(s) directed to the patentable subject
matter contained in the proposed publication or presentation. Sponsor does not possess a right to delay publication if the publication
or presentation contains only findings and conclusions of basic science or results that would not affect the ability of Sponsor
to obtain a patent.

 

ARTICLE 7 - Proprietary Information

 

		7.1	It is the responsibility of Sponsor to mark or otherwise
identify in writing prior to submission any information considered confidential that it deems necessary to share with University
(“Confidential Information”). Oral disclosures of Confidential Information shall be identified as confidential at
the time of disclosure and confirmed in writing within ten (10) business days of the disclosure. University shall have the right
to accept or reject Sponsor’s Confidential Information. If such information is accepted it will be withheld by University
from publication, and in all other respects shall be maintained by University as confidential and proprietary to Sponsor for a
period of five (5) years after termination
of this Agreement. University shall have no such obligation with respect to any portion of such Confidential Information which:

 

		a)	is or later becomes generally available to the public
by use, publication or the like, through no fault of University;

		b)	is obtained on a non-confidential basis from a third
party who disclosed the same to University;

		c)	University already possesses, as evidenced by its written
records, predating receipt thereof from Sponsor; or

		d)	is required to be disclosed by law, regulation or court
order.

 

		7.2	All documentation concerning University Intellectual Property
submitted to Sponsor in accordance with Article 8.4 shall be treated as confidential in order to preserve any patent rights.

 

    	 	-3-	 

     

    

 

ARTICLE 8 - Intellectual Property

 

		8.1	All rights, title and interest to University Intellectual
Property under the Project, except as provided in Article 8.3, shall belong to University and shall be subject to the terms and
conditions of this Agreement.

 

		8.2	Rights to inventions, improvements, and/or discoveries,
whether patentable or copyrightable or not, relating to the Project made solely by employees/consultants of Sponsor shall belong
to Sponsor. Such inventions, improvements, and/or discoveries shall not be subject to the terms and conditions of this Agreement.

 

		8.3	Rights to inventions, improvements, and/or discoveries
conceived and/or made during the Contract Period, whether patentable or copyrightable or not, relating to the Project, which are
made jointly by employees of University and employees/consultants of Sponsor, shall be the joint property of University and Sponsor
and shall be subject to the terms and conditions of this Agreement.

 

		8.4	University will promptly notify Sponsor of any University
Intellectual Property conceived and/or made during the Contract Period under the Project. If Sponsor directs that a patent application
or application for other intellectual property protection be filed, University shall promptly prepare, file, and prosecute such
U.S. and foreign application in University’s name, and Sponsor’s name if jointly invented. Sponsor shall bear all
costs incurred in connection with such preparation, filing, prosecution, and maintenance of U.S. and foreign application(s) directed
to said University Intellectual Property. Sponsor shall cooperate with University to assure that such application(s) will cover,
to the best of Sponsor’s knowledge, all items of commercial interest and importance. While University shall be responsible
for making decisions regarding scope and content of application(s) to be filed and prosecution thereof, Sponsor shall be given
an opportunity to review and provide input thereto. University shall keep Sponsor advised as to all developments with respect
to such application(s) and shall promptly supply to Sponsor copies of all papers received and filed in connection with the prosecution
thereof in sufficient time for Sponsor to comment thereon.

 

		8.5	If Sponsor elects not to exercise its option granted in
Article 9.1 or decides to discontinue the financial support of the prosecution and maintenance of the patent protection, all right,
title and interest in such patent, patent application, and University Intellectual Property shall automatically revert to University.
University shall then be free to file or continue prosecution or maintain any such application(s), and to maintain any protection
issuing thereon in the U.S. and in any foreign country at University’s sole expense.

 

ARTICLE 9 - Grant of Rights

 

		9.1	Subject to Article 8.3, University grants Sponsor the first
option to elect an exclusive license to University Intellectual Property developed under this Agreement, and a right to sub-license
any and all University Intellectual Property developed under this Agreement on terms and conditions to be mutually agreed upon.
If Sponsor elects to exercise this option, Sponsor shall notify University in writing of its decision within one (1) year from
the date of termination of this Agreement.

 

		9.2	No grant described in this Article shall be construed to
limit University’s right to utilize University Intellectual Property for research, instruction or academic publication purposes.

 

    	 	-4-	 

     

    

 

ARTICLE 10 - Term and Termination

 

		10.1	This Agreement shall become effective upon the date first
hereinabove written and shall continue in effect for the full duration of the Contract Period unless sooner terminated in accordance
with the provisions of this Article. The parties hereto may, however, extend the term of this Agreement for additional periods
as desired under mutually agreeable terms and conditions which the parties reduce to writing and sign. Either party may terminate
this Agreement upon sixty (60) days prior written notice to the other.

 

		10.2	In the event that either party hereto shall commit any
material breach or default in any of the terms or conditions of this Agreement, and also shall fail to remedy such default or
breach within ninety (90) days after receipt of written notice thereof from the other party hereto, the party giving notice may,
at its option and in addition to any other remedies which it may have at law or in equity, terminate this Agreement by sending
notice of termination in writing to the other party to such effect, and such termination shall be effective as of the date of
the receipt of such notice.

 

		10.3	Termination of this Agreement by either party for any reason
shall not affect the rights and obligations of the parties accrued prior to the effective date of termination of this Agreement.
No termination of this Agreement, however effectuated, shall release the parties hereto from their rights and obligations under
Articles 3.1, 4, 5, 6, 7, 8, 9 and 11.

 

ARTICLE 11 - Independent Contractor

 

		11.1	In the performance of all services hereunder University
shall be deemed to be and shall be an independent contractor and, as such, University shall not be entitled to any benefits applicable
to employees of Sponsor.

 

		11.2	Neither party is authorized or empowered to act as agent
for the other for any purpose and shall not on behalf of the other enter into any contract, warranty, or representation as to
any matter. Neither shall be bound to the acts or conduct of the other.

 

ARTICLE 12 – Insurance

 

		12.1	Each party shall be liable for any and all claims for wrongful
death, personal injury or property damage attributable to the negligent acts or omissions of that party and the officers, employees,
and agents thereof.

 

		12.2	University shall be responsible and agrees to pay for any
and all claims for wrongful death, personal injury or property damage directly resulting from the negligence of University, its
officers, employees and agents, and arising from activities under this Agreement to the full extent permitted by Chapter 669,
Code of Iowa, which is the exclusive remedy for processing tort claims against the State of Iowa.

 

    	 	-5-	 

     

    

 

ARTICLE 13 - Governing Law

 

		13.1	This Agreement shall be governed and construed in accordance
with the substantive laws of the State of Iowa, excluding its conflict of laws provisions.

 

ARTICLE 14 - Assignment

 

		14.1	This Agreement shall not be assigned by either party without
the prior written consent of the parties hereto.

 

		14.2	This Agreement is assignable to any division of Sponsor,
any majority stockholder of Sponsor, and/or any subsidiary of Sponsor, provided that such assignee assumes all of the rights,
obligations and liabilities of Sponsor hereunder.

 

ARTICLE 15 - Agreement Modification

 

		15.1	Any agreement to change the terms of this Agreement in
any way shall be valid only if the change is made in writing and approved by mutual agreement of authorized representatives of
the parties hereto.

 

ARTICLE 16 - Warranties

 

		16.1	NO WARRANTIES, EITHER EXPRESSED OR IMPLIED, ARE MADE PART
OF THIS AGREEMENT.

 

ARTICLE 17 – Export Control

 

		17.1	The disclosing party agrees to share any export control
determinations when products, services, and/or technical data under this Agreement are subject to export controls under U.S. Government
export laws and regulations; however, each party will be solely responsible for compliance with U.S. Government export laws and
regulations.

 

    	 	-6-	 

     

    

 

ARTICLE 18 - Notices

 

		18.1	Notices, invoices, and communications, hereunder shall
be given by registered or certified mail, or express delivery service, postage or delivery charge prepaid, and addressed to the
party to receive such notice, invoice, or communication at the address given below, or such other address as may hereafter be
designated by notice in writing. Notice shall be deemed made on the date of receipt.

 

If to Sponsor:

Tim Young, CEO

HyperSolar, Inc

 

Phone:
(310)486-0740

E-mail: tyoung@hypersolar.com

 

For Submission of Invoices:

HyperSolar, Inc.

510 Castillo, Suite 320

Santa Barbara, CA 93101

 

Phone: 805-966-6566

Fax:       805-617-3601

E-mail: tyoung@hypersolar.com

 

If to University:   The University
of Iowa

Division of Sponsored Programs

Attention:                                   

2 Gilmore Hall

Iowa
City, Iowa 52242

Phone:
319-335-2123

Fax:
319-335-2130

E-mail:

 

For Payment Remittance:

The University of Iowa

Grant Accounting Office

B5
Jessup Hall

Iowa City, Iowa 52242-1316

Phone:
319-335-3801

Fax: 319-335-0674

 

    	 	-7-	 

     

    

 

IN WITNESS WHEREOF, the parties,
duly authorized, have executed this Agreement in duplicate as of the day and year first written above.

 

	HYPERSOLAR, INC. (SPONSOR)	 	THE UNIVERSITY OF IOWA
	 	 	 	 
	 	/s/ Timothy Young	 	 	/s/ Wendy Beaver
	By:	 Timothy Young	 	By:	Wendy Beaver
	Title:	President and CEO	 	Title:	Executive Director of Sponsored Programs
	 	 	 	 	 
	Date:	May 14, 2018	 	Date:	May 24, 2018

 

Rev. 03/30/2012

 

    	 	-8-

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