Document:

​

Exhibit 10.34
​
AMENDMENT NO. 01 TO
STANDARD CONSULTING AGREEMENT
​
AeroVironment, Inc., (“AV” or “Party”) and General Charles R. Holland, USAF, Retired (“Consultant" or "Party"), collectively referred to as the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 01, 2016 ("Agreement"), which provides for the Consultant to render certain specified Services to AV during the Term of the Agreement. The Parties have agreed to amend the Agreement as follows:
​
1.    First paragraph of the Agreement is modified to update AV's corporate address and also update Consultant's address. The amended first paragraph reads as follows: “THIS AGREEMENT is executed and made effective as of January 01, 2016 (the “Effective Date”) between AeroVironment, Inc., a Delaware corporation, and its subsidiaries, with offices at 800 Royal Oaks Drive, Suite 210, Monrovia, CA 91016-6347 (hereinafter referred to as "AV" or Party) and General Charles R. Holland, USAF, Retired, with offices at            , Phone:         , E-mail:                                 mailto:                  (hereinafter referred to as “consultant" or “Party").  AV and the Consultant will be collectively referred to as “the Parties.”
​
2.    Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to June 30, 2017. The amended Section 2 reads as follows: "Services will be performed between the Effective Date and June 30, 2017 ("Expiration Date''). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof. If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
3.    Section 19, "Notice,'' of the Agreement is modified to update AV’s corporate address and also update Consultant’s address. The amended Section 19 reads as follows:  “Any notice between the parties hereto required or permitted to be given under this Agreement shall be sufficient if in writing and sent by registered or certified mail, postage prepaid, or other express delivery service, to the respective addresses set forth below or at such other address as either of the parties may from time to time designate in accordance with the provisions of this Section 19.
​
​
	​

	​

	AeroVironment:
	John Burkholder

	​
	Senior Counsel

	​
	800 Royal Oaks Drive, Suite 210

	​
	Monrovia, CA 91016-6347

	​
	​

	​
	Telephone: +626-357-9983 ext 4588

	​
	Facsimile: +626-359-1894

	​
	E-Mail: burkholder@avinc.com

	​
	​

	Consultant:
	General Charles R. Holland, USAF Retired

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of January 01, 2017
​
AEROVIRONMENT, INC.
​
Signature: /s/ Wahid Nawabi
​
Printed Name:  Wahid Nawabi
​
Title: President and CEO
​
Date:  11/23/2016
​
CONSULTANT:
General Charles R. Holland, USAF, Retired
​
Signature: /s/ Charles R. Holland
​
Printed Name: Charles R. Holland
​
Title: Consultant
​
Date:  11/24/16
​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 2

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: General Charles R. Holland, USAF, Retired
​
​
	​

	​

	TASK ORDER # FY17-001
	Project No. 9000.6435.0100.000

​
​
A.   Effort and/or Services to be provided by Consultant:
​
Consultant will provide marketing support for unmanned air vehicle systems. This includes:
​
1.   Scheduling meetings with key executives from the U.S. Department of Defense.
2.   On-going consulting services on AV capture activities.
3.   Facilitate and provide assistance scheduling meetings with key participants at various industry conferences.
4.   Provide industry advice on ad-hoc basis as requested by the AV Task Manager.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce. The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
B.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
C.   Target Performance Period: January 1, 2017 through June 30, 2017
​
D.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
Rate: $4,000.00 per day
Monthly Retainer: $4,000.00
Total Not To Exceed Cost: $24,000.00 (excluding expenses)
​
E.   Expenses:
​
Maximum authorized expenses: AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more. No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
F.   SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to acp@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5031, Monrovia, CA 91107.
​
	​

	​

	AeroVironment, Inc.
	General Charles R. Holland, USAF, Retired

	​
	​

	/s/ Wahid Nawabi
	/s/ Charles R. Holland

	Signature
	Signature

	​
	​

	Wahid Nawabi
	Charles R. Holland

	Name (Print)
	Name (Print)

	​
	​

	President and CEO
	Consultant

	Title
	Title

	​
	​

	11/23/2016
	11/24/16

	Date
	Date

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 2

​

​
AMENDMENT NO. 02 TO
STANDARD CONSULTING AGREEMENT
​
AeroVironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement. The Parties have agreed to amend the Agreement as follows:
​
1.   Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to April 30, 2018. The amended Section 2 reads as follows: “Services will be performed between the Effective Date and April 30, 2018 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof. If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of July 1, 2017
​
	​

	​

	​
	AEROVIRONMENT, INC.

	​
	​

	​
	Signature: /s/ Wahid Nawabi

	​
	​

	​
	Printed Name: Wahid Nawabi

	​
	​

	​
	Title: President and CEO

	​
	​

	​
	Date: 6/7/2017

	​
	​

	​
	​

	​
	CONSULTANT:

	​
	General Charles R. Holland, USAF, Retired

	​
	​

	​
	Signature: /s/ Charles R. Holland

	​
	​

	​
	Printed Name: Charles R. Holland

	​
	​

	​
	Title: Consultant

	​
	​

	​
	Date: 6/7/17

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: General Charles R. Holland, USAF, Retired
​
	​

	​

	TASK ORDER # FY18-001
	Project No. 0100.COR

​
A.   Effort and/or Services to be provided by Consultant:
​
Consultant will provide marketing support for unmanned air vehicle systems. This includes:
​
1.   Scheduling meetings with key executives from the U.S. Department of Defense.
2.   On-going consulting services on AV capture activities.
3.   Facilitate and provide assistance scheduling meetings with key participants at various industry conferences.
4.   Provide industry advice on ad-hoc basis as requested by the AV Task Manager.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce. The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
B.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
C.   Target Performance Period: July 1, 2017 through April 30, 2018
​
D.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
Rate: $4,000.00 per day
Monthly Retainer: $4,000.00
Total Not To Exceed Cost: $24,000.00 (excluding expenses)
​
E.   Expenses:
​
Maximum authorized expenses: AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more. No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
F.   SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to acp@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5031, Monrovia, CA 91107.
​
	​

	​

	AeroVironment, Inc.
	General Charles R. Holland, USAF, Retired

	​
	​

	/s/ Wahid Nawabi
	/s/ Charles R. Holland

	Signature
	Signature

	​
	​

	President and CEO
	​

	Title
	​

	​
	​

	6/6/2017
	6/5/17

	Date
	Date

​
​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 2

​

​
AMENDMENT NO. 03 TO
STANDARD CONSULTING AGREEMENT
​
Aerovironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement.  The Parties have agreed to amend the Agreement as follows:
​
1.    Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to April 30, 2019.  The amended Section 2 reads as follows: “Services will be performed between the Effective Date and April 30, 2019 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof.  If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of May 1, 2018.
​
	​

	​

	​

	​
	AEROVIRONMENT, INC.

	​
	​

	​
	Signature:
	/s/ Wahid Nawabi

	​
	​
	​

	​
	Printed Name:
	Wahid Nawabi

	​
	​
	​

	​
	Title:
	President and CEO

	​
	​
	​

	​
	Date:
	4/23/2018

	​
	​

	​
	​

	​
	CONSULTANT:

	​
	General Charles R. Holland, USAF, Retired

	​
	​

	​
	Signature:
	/s/ Charles R. Holland

	​
	​
	​

	​
	Printed Name:
	Charles R. Holland

	​
	​
	​

	​
	Date:
	4/23/2018

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: General Charles R. Holland
​
	​

	​

	TASK ORDER # FY19-001
	Project No.0100 COR

​
A.   Effort and/or Services to be provided by Consultant:
​
Consultant will assist with the following services:
​
Consultant will provide marketing support for unmanned air vehicle systems.  This includes:
​
1.   Scheduling meetings with key executives from the U.S. Department of Defense.
​
2.   On-going consulting services on AV capture activities.
​
3.   Facilitate and provide assistance scheduling meetings with key participants at various industry conferences.
​
4.   Provide industry advice on ad-hoc basis as requested by the AV Task Manager.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce.  The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
B.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
C.   Target Performance Period: May 1, 2018 through April 30, 2019
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
F.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
​
Monthly Retainer: $4,000.00
Total Not To Exceed Cost: $48,000.00 (plus any expenses incurred as approved by Task Manager)
​
E.   Expenses:
​
Maximum authorized expenses: None
AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
​
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
F.   SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
​
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
​
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to acp@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5031, Monrovia, CA  91107.
​
	​

	​

	​

	AEROVIRONMENT, INC.
	    
	Charles R. Holland, USAF Retired

	​
	​
	​

	/s/ Wahid Nawabi
	​
	/s/ Charles R. Holland

	Signature
	​
	Signature

	​
	​
	​

	Wahid Nawabi
	​
	Charles R. Holland

	Name (Print)
	​
	Name (Print)

	​
	​
	​

	President and CEO
	​
	​

	Title
	​
	​

	4/23/2018
	​
	4/23/2018

	Date
	​
	Date

​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 2

​

​
AMENDMENT NO. 04 TO
STANDARD CONSULTING AGREEMENT
​
Aerovironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement. The Parties have agreed to amend the Agreement as follows:
​
1. Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to April 30, 2020. The amended Section 2 reads as follows: “Services will be performed between the Effective Date and April 30, 2020 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof. If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of May 1, 2019.
​
	​

	​

	​

	​
	AEROVIRONMENT, INC.

	​
	​

	​
	​

	​
	Signature:
	/s/ Wahid Nawabi

	​
	​

	​
	Printed Name:
	Wahid Nawabi

	​
	​

	​
	Title:
	President and CEO

	​
	​

	​
	Date:
	4/30/2019

	​
	​

	​
	​

	​
	CONSULTANT:

	​
	GENERAL CHARLES R. HOLLAND, USAF, RETIRED

	​
	​

	​
	​

	​
	Signature:
	/s/ Charles R. Holland

	​
	​

	​
	Printed Name:
	Charles R. Holland

	​
	​

	​
	Date:
	4/30/2019

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: Charles R. Holland
​
	​

	​

	TASK ORDER # FY20-001
	Project and/or Charge No.0100 COR

​
D.   Effort and/or Services to be provided by Consultant:
​
Consultant will assist with the following services:
​
Consultant will provide marketing support for unmanned air vehicle systems. This includes:
​
1.   Scheduling meetings with key executives from the U.S. Department of Defense.
​
2.   On-going consulting services on AV capture activities.
​
3.   Facilitate and provide assistance scheduling meetings with key participants at various industry conferences.
​
4.   Provide industry advice on ad-hoc basis as requested by the AV Task Manager.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce. The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
E.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
F.   Target Performance Period:   May 1, 2019 through December 1, 2019
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
G.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
​
Monthly Retainer: $4,000.00
​
Total Not To Exceed Cost: $48,000.00 (plus any expenses incurred as approved by Task Manager)
​
H.   Expenses:
​
Maximum authorized expenses: None
AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
​
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
I.    SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
​
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
​
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to acp@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5031, Monrovia, CA 91107.
​
	​

	​

	​

	AeroVironment, Inc.
	    
	Charles R. Holland, USAF Retired

	​
	​
	​

	​
	​
	​

	/s/ Wahid Nawabi
	​
	/s/ Charles R. Holland

	Signature
	​
	Signature

	​
	​
	​

	Wahid Nawabi
	​
	Charles R. Holland

	Name (Print)
	​
	Name (Print)

	​
	​
	​

	President and CEO
	​
	​

	Title
	​
	​

	​
	​
	​

	4/30/2019
	​
	4/30/2019

	Date
	​
	Date

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
AMENDMENT NO. 05 TO
STANDARD CONSULTING AGREEMENT
​
Aerovironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement.  The Parties have agreed to amend the Agreement as follows:
​
1. Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to June 1, 2020.  The amended Section 2 reads as follows: “Services will be performed between the Effective Date and June 1, 2020 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof.  If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of December 1, 2019.
​
	​

	​

	​

	​
	AEROVIRONMENT, INC.

	​
	​

	​
	​

	​
	Signature:
	/s/ Wahid Nawabi

	​
	​

	​
	Printed Name:
	Wahid Nawabi

	​
	​

	​
	Title:
	President and CEO

	​
	​

	​
	Date:
	12/2/2019

	​
	​

	​
	​

	​
	CONSULTANT:

	​
	GENERAL CHARLES R. HOLLAND, USAF, RETIRED

	​
	​

	​
	​

	​
	Signature:
	/s/ Charles R. Holland

	​
	​

	​
	Printed Name:
	Charles R. Holland

	​
	​

	​
	Date:
	12/2/2019

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: Charles R. Holland
​
​
	​

	​

	TASK ORDER # FY20-001
	Project and/or Charge No.0100 COR

​
Revision #01
​
Changes from previous version of Task Order FY20-001 are noted with additions in underlined text and deletions with strike-out text and reflect the following:
​
Extend Period of Performance to June 1, 2020
​
A.   Effort and/or Services to be provided by Consultant:
​
Consultant will assist with the following services:
​
Consultant will provide marketing support for unmanned air vehicle systems. This includes:
​
1.   Scheduling meetings with key executives from the U.S. Department of Defense.
​
2.   On-going consulting services on AV capture activities.
​
3.   Facilitate and provide assistance scheduling meetings with key participants at various industry conferences.
​
4.   Provide industry advice on ad-hoc basis as requested by the AV Task Manager.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce.  The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
B.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
C.   Target Performance Period:   May 1, 2019 through December 1, 2019 June 1, 2020
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
D.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
​
Monthly Retainer: $4,000.00
​
Total Not To Exceed Cost: $48,000.00 (plus any expenses incurred as approved by Task Manager)
​
E.   Expenses:
​
Maximum authorized expenses: None
AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
​
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
F.    SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
​
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
​
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to acp@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5031, Monrovia, CA  91107.
​
	​

	​

	​

	AeroVironment, Inc.
	    
	Charles R. Holland, USAF Retired

	​
	​
	​

	​
	​
	​

	/s/ Wahid Nawabi
	​
	/s/ Charles R. Holland

	Signature
	​
	Signature

	​
	​
	​

	Wahid Nawabi
	​
	Charles R. Holland

	Name (Print)
	​
	Name (Print)

	​
	​
	​

	President and CEO
	​
	​

	Title
	​
	​

	​
	​
	​

	12/2/2019
	​
	12/2/2019

	Date
	​
	Date

​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
AMENDMENT NO. 06 TO
STANDARD CONSULTING AGREEMENT
​
Aerovironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement.  The Parties have agreed to amend the Agreement as follows:
​
1. Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to May 31, 2021.  The amended Section 2 reads as follows: “Services will be performed between the Effective Date and May 31, 2021 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof.  If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”
​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control.
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of June 1, 2020.
​
	​

	​

	​

	​
	AEROVIRONMENT, INC.

	​
	​

	​
	​

	​
	Signature:
	/s/ Wahid Nawabi

	​
	​

	​
	Printed Name:
	Wahid Nawabi

	​
	​

	​
	Title:
	President and CEO

	​
	​

	​
	Date:
	5/28/2020

	​
	​

	​
	​

	​
	CONSULTANT:

	​
	GENERAL CHARLES R. HOLLAND, USAF, RETIRED

	​
	​

	​
	​

	​
	Signature:
	/s/ Charles R. Holland

	​
	​

	​
	Printed Name:
	Charles R. Holland

	​
	​

	​
	Date:
	5/29/2020

​
​
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: Charles R. Holland
​
	​

	​

	TASK ORDER # FY20-001
	Project and/or Charge No.0100 COR

​
A.   Effort and/or Services to be provided by Consultant:
​
Consultant will assist with the following services:
		1.
	General Holland will be attending 3 key events for us this year for specific objectives related to HAPS and SB600.  Those events are POST (Pacific Operations Sciences & Technology) Conference, which usually happens in Feb/March; Space Symposium, which also is around Feb/March; and SOFIC, which just happened virtually and it is usually in May.

​
		2.
	SAG meetings also to 2 times a year (instead of 4/year) and Gen. Holland is not required to attend those only optional.

​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce.  The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
B.   Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi
​
C.   Target Performance Period:   June 1, 2020 through May 31, 2021
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

​
D.   Rates:
​
Authorized Days: As required and authorized by AV Task Manager
​
Monthly Retainer: $2,500.00
​
Total Not To Exceed Cost: $30,000.00 (plus any expenses incurred as approved by Task Manager)
​
E.   Expenses:
​
Maximum authorized expenses: None
AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
​
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
F.    SUBMITTING INVOICES: This practice will support efficient processing and payment.
​
1.   INVOICES: Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.
​
2.   PROGRESS STATEMENT: To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.
​
3.   INVOICES SHALL BE SENT TO: Accounts Payable Group, AeroVironment, Inc., via e-mail to ACPinvoices@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5130, Simi Valley, CA  93065.
​
	​

	​

	​

	AeroVironment, Inc.
	    
	Charles R. Holland, USAF Retired

	​
	​
	​

	​
	​
	​

	/s/ Wahid Nawabi
	​
	/s/ Charles R. Holland

	Signature
	​
	Signature

	​
	​
	​

	Wahid Nawabi
	​
	Charles R. Holland

	Name (Print)
	​
	Name (Print)

	​
	​
	​

	President and CEO
	​
	​

	Title
	​
	​

	​
	​
	​

	5/28/2020
	​
	5/29/2020

	Date
	​
	Date

​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

AMENDMENT NO. 07 TO 
STANDARD CONSULTING AGREEMENT 
Aerovironment, Inc. (“AV or Party”) and General Charles R. Holland, USAF, Retired (“Consultant or Party”), collectively the “Parties,” previously entered into a Standard Consulting Agreement with an Effective Date of January 1, 2016 (“Agreement”), which provides for the Consultant to render certain specified services to AV during the Term of the Agreement.  The Parties have agreed to amend the Agreement as follows: 
​
		1.	Section 2, “Term,” of the Agreement is modified to extend the Term of the Agreement to May 31, 2022.  The amended Section 2 reads as follows: “Services will be performed between the Effective Date and May 31, 2022 (“Expiration Date”). This Agreement may be extended for additional periods by mutual written agreement between the Parties prior to the Expiration Date of the initial term or any extension thereof.  If the Parties do not execute such a written agreement, this Agreement will expire and automatically terminate as of the Expiration Date.”

​
All other terms of the Agreement and any other terms of previous Amendments to the Agreement remain in full force and effect. If there is a conflict between the terms of this Amendment and those of the Agreement or any previous Amendment, the terms of this current Amendment shall control. 
​
IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of June 1, 2021.
​
AEROVIRONMENT, INC.
​
​
Signature: /s/ Wahid Nawabi​ ​
​
Printed Name:  Wahid Nawabi______________
​
Title: President and CEO__________________
​
Date:  _5/26/2021_______________________________
​
​
CONSULTANT:  
General Charles R. Holland, USAF, Retired
​
​
Signature: /s/ Charles R. Holland​ ​
​
Printed Name:  Charles R. Holland___________
​
​​
Date:    ___5/26/2021__________________
​
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

STANDARD CONSULTING AGREEMENT
Effective Date: January 1, 2016
​
Consultant: Charles R. Holland
​
TASK ORDER # FY22-001Project and/or Charge No.0100 COR 
​
	A.	Effort and/or Services to be provided by Consultant: 	

​
Consultant will assist with the following services:   
​
1.General Holland will be attending 3 key events for us this year for specific objectives related to HAPS and SB600.  Those events are POST (Pacific Operations Sciences & Technology) Conference, which usually happens in Feb/March; Space Symposium, which also is around Feb/March; and SOFIC, which just happened virtually and it is usually in May.
​
 2.     SAG meetings also to 2 times a year (instead of 4/year) and Gen. Holland is not required to attend those only optional.
​
In performance of the work under this Task Order and Consultant Agreement, the Consultant is not permitted to disclose any export-controlled data or furnish any defense services to non-US persons, unless authorized in advance by the US Department of State or Department of Commerce.  The Consultant is not permitted to access any US or other government classified information in the course of performance of work under this Task Order and Consulting Agreement, unless the following actions have occurred: (1) AV Security Officer has approved such access in advance; (2) the Parties have executed the “Consultant Certificate Regarding Access to and Handling of Classified Information” (Attachment E to the Consulting Agreement); and (3) and the Consultant has completed all necessary training.
​
	B. 	Unless otherwise designated in writing by AV with notice to Consultant, the AV Task Manager is: Wahid Nawabi	

​
	C. 	Target Performance Period:June 1, 2021 through May 31, 2022	

​
	D. 	Rates:	

​
Authorized Days:  As required and authorized by AV Task Manager
​
Monthly Retainer: $2,500.00
​
Total Not To Exceed Cost:  $30,000.00 (plus any expenses incurred as approved by Task Manager)
​

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1

​

	E. 	Expenses:	

​
Maximum authorized expenses: None
AV will reimburse Consultant for any AV related business travel expenses (transportation, lodging, meals, etc.) during “Target Performance Period” defined under Section C above, provided all travel expenses are pre-approved in writing by the AV Task Manager.
​
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
​
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
​
	F. 	SUBMITTING INVOICES:  This practice will support efficient processing and payment.	

  ​
		1.	INVOICES:  Reference shall be made to the correct Task Order No. and Project No. and/or Charge No. and include the name of the AV Task Manager on all invoices.  	

​
		2.	PROGRESS STATEMENT:  To stay in compliance with the Federal Acquisition Regulation (FAR), Part 31, each invoice should also be accompanied by a progress statement.	

​
		3.	Invoices shall be sent to: Accounts Payable Group, AeroVironment, Inc., via e-mail to ACPinvoices@avinc.com, and also reference the correct Task Order Number and your organization’s name in the subject line of the email, with courtesy copy to AV Task Manager, or by mail to P.O. Box 5130, Simi Valley, CA  93065.	

​
AeroVironment, Inc.Charles R. Holland, USAF Retired 
​
_/s/ Wahid Nawabi_________________/s/ Charles R. Holland___________
SignatureSignature
​
Wahid Nawabi​ ​​ ​​ ​​ ​Charles R. Holland​ ​​ ​​ ​
Name (Print)Name (Print)
​
President and CEO​ ​​ ​​ ​
Title
___5/26/2021_____________________5/26/2021_____________________
DateDate

AEROVIRONMENT PROPRIETARY INFORMATION
Page 1Exhibit 10.51
​
Pursuant to Item 601(b)(10) of Regulation S-K, certain information contained in this document, marked by brackets as [***], has been omitted because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publically disclosed.
​
AMENDMENT NO. 15 TO
​
THE DESIGN AND DEVELOPMENT AGREEMENT (STEP 2)
This Amendment No. 15 to the Design and Development Agreement (Step2) (“Amendment”) is entered into as of the date of last signature below by and between HAPSMobile Inc. (“HAPSMobile”) and AeroVironment, Inc. (“AV”, and collectively with HAPSMobile, the “Parties”) to  amend the Design and Development Agreement (Step2) made as of December 27, 2017 (as amended by Amendment No.1 as of March 30, 2018, Amendment No.2 as of June 25, 2018, Amendment No.3 as of August 28, 2018, Amendment No.4 as of December 5, 2018, Amendment No.5 as of March 19, 2019, Amendment No.6 as of March 29, 2019, Amendment No.7 as of April 24, 2019, Amendment No.8 as of June 20, 2019 and Amendment No.9 as of December 2, 2019,  Amendment No. 10 as of January 24, Amendment No.11 as of April 30, 2020, Amendment No.12 as of September 21, 2020, Amendment No.13 as of October 28, 2020, and Amendment No.14 as of January 11, 2021 between HAPSMobile and AV) (collectively, the “DDA”).
​
Background
​
	A
	The Parties have implemented Design and Development for Step2 (“DDA-Step2”), and major key objective of DDA-Step2 has been achieved (“Design and develop solar powered stratospheric UAV”, “Build two set of prototype solar powered stratospheric UAV (“Prototype Aircraft”)”, “Successful completion of stratospheric altitude flight capability demonstration and mobile telecommunication call test by the payload on  such vehicle (“High Altitude Touch Trial”)”), but not all milestones of the Agreement have been completed;

​
	B.
	As of the date hereof, SoftBank and AV are entering into a Master Services Agreement (the “MSA”), setting forth the terms and conditions pursuant to which SoftBank and AV will continue to collaborate on certain matters related to the design and development of the Solar HAPS developed under the DDA; and

​
	C.
	The Parties desire to enter into this Amendment to reflect their agreement to terminate the DDA pursuant to the terms and conditions herein contained.

​
NOW, THEREFORE, the Parties agree as follows:
​
Agreements
​
1.  Termination.  The Parties hereby agree that the DDA is terminated, notwithstanding Section 12 or Section 1.10 to Attachment F of the DDA, effective as of March 31, 2021.  The Parties acknowledge and agree that that AV began its work on the ramp down of STEP2 Program (the “Work”) on April 1, 2021, which ramp down period shall be a maximum of 60 days ending May 30, 2021.  The Statement of Work for the ramp down period is attached hereto as Attachment A (the “Ramp Down Statement of Work”) and the Parties agree that AV shall be paid for the Work performed under the Ramp Down Statement of Work as indicated herein.  In the event that the MSA is executed and the first Order under the MSA is executed prior to the end of the ramp down period, AV shall cease all Work under the Ramp Down Statement of Work and the ramp down period will be considered ended upon the execution of the first Order under the MSA.  The Parties agree that AV shall be paid for all of its Incurred Costs (as defined in the DDA) during the ramp down period for Work performed under the Ramp Down Statement of Work, which costs shall specifically include costs related AV’s keeping the personnel working on the Solar
​

[***] Information has been omitted pursuant to Item 601(b)(10) of Regulation S-K.
1

HAPS program employed during the ramp down period contemplated by this Amendment in order to be able to support beginning work under the MSA upon the anticipated execution of the MSA and the costs associated to any open purchase orders for the remaining subcontractors and vendors.  AV shall provide HAPSMobile with an invoice for its Incurred Costs for its Work performed under the Ramp Down Statement of Work during the ramp down period with supporting Incurred Costs Documentation within 4 Business Days after the end of May 2021, and HAPSMobile agrees to pay such final invoice within the same month of the invoice receipt.
​
2. No further Work to be executed. The Parties hereby agree that notwithstanding the provision of Section 12 or Section 1.10 to Attachment F of the DDA, no work for Program ramp down will be required and performed after the ramp down period described in Section 1 of this Amendment, based upon the ground that all Work for the continuity of the Program for the period after the ramp down period contemplated by this Amendment will be covered by MSA as referred in the preamble above.
​
3. No other terms and conditions of the DDA are modified hereby and all articles of the DDA subject to survival under Article 19.3 of the DDA shall survive the termination of the DDA as provided in such articles.  Capitalized terms, unless otherwise defined herein, shall have the meaning set forth in the DDA. This Amendment may only be modified or amended by a written document executed by the parties hereto.
​
[SIGNATURE PAGE APPEARS BELOW]
​
​

[***] Information has been omitted pursuant to Item 601(b)(10) of Regulation S-K.
2

IN WITNESS WHEREOF the Parties hereto have signed and executed this Amendment on the date(s) below.
​
	SIGNED for and on behalf of HAPSMobile Inc. 
	SIGNED for and on behalf of AeroVironment, Inc. 

	​
	​

	By: /s/ Junichi Miyakawa
	By: /s/ Wahid Nawabi

	Name: Junichi Miyakawa 
	Name: Wahid Nawabi 

	Title: President & CEO 
	Title: President and CEO 

	Date: May 29, 2021
	Date: May 29, 2021

​
​

[***] Information has been omitted pursuant to Item 601(b)(10) of Regulation S-K.
3

ATTACHMENT A
​
RAMP DOWN STATEMENT OF WORK
​
	A)	Scope

​
Purpose
​
AeroVironment (AV) will commence wind-down of the Step 2 program as defined in the Design and Development Agreement (DDA) and secure all documents, data and hardware for future program startup for the Sunglider Unmanned Aircraft System (UAS).
​
Scope
​
This Statement of Work (SOW) defines the tasks and associated effort for AV to execute in support of administratively wind down the Sunglider Step 2 program over a maximum of 60 days.
​
	B)	Services

	0.	SUNGLIDER PROTOTYPE

9. [***]
9.1. Bill of Materials [***]
Objective: [***];
Task Description: AeroVironment shall perform the following tasks as a part of this element:
	·
	[***].

Exit Criteria:
	·
	Completion of all work within this SOW; or

	·
	Re-engagement of AeroVironment under a new Work Order.

Deliverables:
	·
	None

​
​
9.2. Data Package
Objective: [***];
Task Description: AeroVironment shall perform the following tasks as a part of this element:
	·
	[***].

Exit Criteria:
	·
	Completion of all work within this SOW; or

	·
	Re-engagement of AeroVironment under a new Work Order.

Deliverables:
	·
	None

​

[***] Information has been omitted pursuant to Item 601(b)(10) of Regulation S-K.
4

9.3. Contractual tie-off
Objective: [***];
Task Description: AeroVironment shall perform the following tasks as a part of this element:
	·
	[***].

Exit Criteria:
	·
	Completion of all work within this SOW; or

	·
	Re-engagement of AeroVironment under a new Work Order.

Deliverables:
	·
	None

[***] Information has been omitted pursuant to Item 601(b)(10) of Regulation S-K.
5

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