Document:

Document

Exhibit 10.1

    October 5, 2020

Mr. Christopher Bohnert

Via Email: chris_bohnert@hotmail.com

Dear Chris:

On behalf of Commercial Vehicle Group, I am pleased to confirm the following terms of your employment. This offer is consistent with our discussions and supersedes any previous offers of employment, whether verbal or written:

						
	Job Title:	Chief Financial Officer & Chief Accounting Officer.  This position is based in our New Albany, Ohio headquarters facility.
	Start or Effective Date:	Monday, October 19, 2019 or a mutually agreeable alternative date.
	Reports To:	Harold Bevis, President and Chief Executive Officer
	Salary:	$400,000, annualized. This is a salaried exempt position as defined by the Fair Labor Standards Act.
	Performance Review:	Annually, in the first quarter. Increases are considered at this time each year but are not guaranteed. 

	Management Performance Bonus:	You will be eligible for a discretionary annual incentive award targeted at 65% of your base salary.  The current AIP metrics are exclusively financial in nature and are tied to Incremental Net Sales, Operating Profit Margin and Operating Working Capital as a Percent of Sales.  Annual payouts may range from 0% - 200% depending on performance versus plan.  You will be eligible to participate in the Annual Incentive Plan as of the 2021 Plan Year. 

	Signing Incentives	In connection with the walk-away value of your current near term compensation incentives, you will receive signing incentives valued at $400,000.  Such incentives will be denominated in the form of an initial vested stock grant valued at $250,000 on or about November 2, 2020; and a second vested stock grant valued at $150,000 on or about March 15, 2021.
The stock price used to determine the number of shares issued will be the average of the closing price of CVGI shares for 20 trading days leading up to the grant dates for each of the awards. 
The initial value of these incentives is recoverable if you resign or are terminated for cause within 18 months of the grant.  The amount recoverable will be equal to 1/18th of the award value for each full month left in the repayment window at the time of separation.

	Vacation:
	Four (4) weeks of vacation per calendar year, accrued at a rate of 13.33 hours per month, pro-rated for 2020 based on your start date. Vacation is earned and must be used within each calendar year. 

	Personal Days:	Three paid personal days per calendar year, pro-rated to one for 2020 based on your fourth quarter start date.

7800 Walton Parkway  New Albany, OH  43054  614.289.5360

						
	Long Term Incentives:	You will be eligible for all long term incentive awards for which similarly situated executives are generally eligible.  The target award and award design is determined annually by the Compensation Committee of the Board of Directors and has historically included a restricted share component which vests ratably over a three year period, and a three year cliff vested cash-based performance component historically based on relative total shareholder return versus a published peer group, with payouts ranging from 0% to 200% based on performance relative to the peer group.  

Target awards are subject to annual review and approval by the Compensation Committee of the Board of Directors but will be no less than 90% of your base salary each calendar year. 

	Holidays:
	Ten, paid in accordance with annual observation calendar. 

	Relocation:	The Company will support your relocation to the Central Ohio area by paying or reimbursing customary and reasonable charges associated with the sale or purchase of a home and the transfer of your household goods, up to $135,000. Costs in excess of the target budget will be considered but will be subject to specific review and approval as overruns are incurred.   Relocation services may be provided by SIRVA on behalf of CVG depending on the complexity of your move.
All eligible expenses must be incurred and submitted within 12 months of your hire date in order to be eligible for reimbursement.   Relocation expenses paid or reimbursed by the Company are recoverable if you resign or are terminated for cause within 18 months of your final relocation payment.  The amount recoverable will be equal to 1/18th of the reimbursement for each full month left in the repayment window at the time of separation.

	Health Insurance:
	Hospital/Surgical/Medical insurance is available for you and your eligible dependents. Coverage is effective the first of the month following your date of hire. A pre-tax premium contribution will apply, based on the type of coverage you select and your family status.

	Dental Insurance:	Dental insurance is available for you and your eligible dependents. Coverage is effective on the first of the month following your date of hire.  A pre-tax premium contribution will apply, based on the type of coverage you select.

	Vision Insurance:	Vision insurance is available for you and your eligible dependents. Coverage is effective on the first of the month. A pre-tax premium contribution will apply, based on the type of coverage you select.
	Group Life Insurance:	Coverage equal to $750,000 is provided at no cost to you and no medical exam is required.  CVG also offers a supplemental and dependent life insurance coverage that can be purchased at group rates at your expense.  In some instances, evidence of insurability is required for supplemental coverage.
	

Short Term Disability:
	

Effective for qualifying events occurring after 180 days of employment, this plan provides the first two weeks of an eligible disability at full salary and then an additional twenty-four weeks at 60% of base salary.

	Long Term Disability:	Long term disability coverage takes effect following the exhaustion of your short term disability coverage as a source of long term wage replacement resulting from a covered injury or illness. 
	Conditional:	Employment is contingent upon successfully passing a drug screen and background check.

	Employment Eligibility:	This offer and continued employment is contingent upon your eligibility to work in the United States under the provisions of the Immigration Reform and Control Act of 1986, and providing the necessary documents to establish identity and employment eligibility to satisfactorily complete U.S. Citizenship and Immigration Services’ Form I-9.

7800 Walton Parkway  New Albany, OH  43054  614.289.5360

						
	Restrictive Covenants
	 You are subject to a key employee stock ownership requirement equal to three (3) times your base salary.  Covered executives are not eligible to sell CVGI shares until they have achieved the required hold limit, except that the forfeiture of shares for purposes of satisfying income tax liability associated with vesting shares is permitted regardless of progress against the hold limit.
You are also subject to a twelve month non-competition, non-solicitation covenant as described in your Change in Control Agreement.

	401(k) Savings Plan:	All employees over the age of eighteen years become eligible for enrollment on the first day of the month following 30 days of service.  New employees are automatically enrolled in the CVG 401(k) Plan, unless they specifically opt out.  The Company historically matches 100% of the first 3% of employee contributions and 50% of the next 2% of employee contributions. All matching dollars vest immediately under the Plan.   Note that as a result of the short term economic conditions resulting from the COVID-19 crisis, the Company temporarily suspended matching dollars under the plan.  This match will be fully restored as of the January 8, 2021 pay date.
		

Please sign below and return this letter to me to confirm your acceptance of this offer.   If you have any questions, please feel free to contact me directly at 614-289-0253.  If not, please sign this letter and return it as soon as possible.  On behalf of Harold Bevis and all of us at Commercial Vehicle Group, I look forward to welcoming you to the CVG team.

Sincerely, 

/s/ Laura Macias
Laura L. Macias
Chief Human Resources Officer

      /s/ Christopher Bohnert__________________________________________October 2, 2020
                          Accepted and acknowledged by: Christopher Bohnert            Date

 cc: Compensation & Benefits 
       Bo Herbst, Heidrick & Struggles
7800 Walton Parkway  New Albany, OH  43054  614.289.5360Exhibit 10.1

 

 

 

Consulting
Services Proposal for 

 

iBio,
Inc. 

 

July
8, 2020

 

Overview

 

iBio
is interested in engaging an interim CFO until it can hire a new, full-time person. Management would like TechCXO to provide an
interim CFO to handle all day-to-day finance/accounting/FP&A responsibilities. TechCXO takes a holistic approach to providing
interim CFOs, with a particular emphasis on financial and organizational oversight.

 

Objectives

 

TechCXO proposes
to provide the following services for at least 40 hours per week for an initial period of 2 months, starting on July 13, 2020.
After 1 month (August 10, 2020), iBio may decide to terminate the relationship for any reason. If you agree to continue, TechCXO
will work with you on a month-to-month basis after the initial 1 month period. Based on our discussions, the project will focus
on the deliverables listed below. Please note that the deliverables may be worked on sequentially, rather than concurrently, if
TechCXO determines that additional staffing is needed.

 

		1.	Objective: Day-to-day CFO
                                         responsibilities.  Key Results:

 

		a.	Work
                                         with current finance team to complete the Audit and 10K.

 

		b.	Work
                                         with current finance team on SOX compliance and reporting.

 

		c.	Lead/assist
                                         in Board reporting and communication.

 

		2.	Objective: Lead the FP&A
                                         process, with a specific focus on FY’21 budgeting. Key Results:

 

		a.	Revising/updating
                                         the FY’21 budget.

 

		b.	Develop/update Monthly Cash Flow
                                         budget.

 

		3.	Any other Finance related
                                         task(s) that the Company deems necessary, including developing and/or evaluating other
                                         Finance/Accounting/HR functions for areas of improvement.

 

		4.	If the Company so desires,
                                         helping interview/vet potential CFO candidates and then working with the yet to be hired
                                         CFO to transition responsibilities and deliverables.

 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

Timing,
Scope and Staffing

 

TechCXO proposes to assign John
Delta as the CFO Partner. John has strong experience in all aspects of finance and operations. He has worked with multiple clients
on Audit or Review prep, FP&A budgeting, setting up proper GAAP-based Chart of Accounts (including ASC 606 changes), as well
as day-to-day CFO responsibilities (see Profile attached). In addition to John, TechCXO Partner Gerry Hayden will work in an advisory
role on this engagement, without additional cost to the client. If John Delta determines that there will be additional TechCXO
resources required to complete the deliverables, he will go over the experience levels and billing rates required and get iBio’s
approval before adding those resources.

 

Billing Rates

 

TechCXO’s services are
normally provided on an hourly basis. For this engagement, our proposed rate structure will be for full-time monthly work, not
to exceed the amount listed below without client approval:

 

 

 

	CFO level
    services	$ 30,000/month
	 	 

         

	 	 
	 	 

The CFO billing rate represents
a significant discount to John Delta’s normal billing rate of $275 per hour due to the fact that you were a Referral from
a firm that we have an existing relationship with. We invoice monthly based on actual hours of service. We will not bill any
expenses without prior client consent.

 

 

This is a quote for financial
or administrative services. The scope of these services is limited to that described above and does not include work intended
to render an audit or valuation opinion, provide legal advice or counsel, or detect fraud or collusion. TechCXO is a financial
service provider and is not a provider of software or related consulting services. During this engagement, TechCXO may make recommendations
as to funding requirements for the company and may make introductions to funding partners unrelated to TechCXO as possible sources
of those requirements. In this capacity, TechCXO is functioning as a facilitator for the company and provides no guarantee that
the company will be able to raise funding sufficient to meet its growth plans or business development targets. Client expressly
acknowledges these limitations. 

 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

Consulting Services Agreement

 

The below
designated Client (“Client”) acknowledges and agrees that the services performed by TechCXO, LLC are governed by the
Terms and Conditions (FY 2019) attached hereto and incorporated as part of this Consulting Services Agreement (“Agreement”).
The terms of the accompanying Consulting Services Proposal are hereby incorporated by reference and made a part hereof, to the
extent not inconsistent with or contrary to any provision herein. In the event of any conflict, the terms of this Agreement shall
prevail.

 

Agreement
to the terms and conditions is indicated by specification of the required information below and signature of authorized agents
for both TechCXO, LLC, and Client.

 

 

	Effective
    Date of this Agreement:	 	     July
    13, 2020                   
	 

        Termination
        Date of this Agreement:
	 	 

        TBD

	 	 	 	 
	 	 	 	 	 

 

	Client Executive Contact
    Information:	 	TechCXO Partner Contact
    Information:
	 	 	 
	Name:	Tom
    Isett, CEO	 	Name:	John
    Delta, Managing Partner
	 	 	 	 	 
	Address:	600 Madison
    Ave., Suite 1601    New York, NY 10022	 	Address:	1911 Grayson
    Highway, Suite 8/122

    Grayson, GA 30017
	 	 	 	 	 
	Telephone:	443-955-4262	 	Telephone:	703-509-0583
	 	 	 	 	 
	Fax:	N/A	 	Fax:	N/A
	 	 	 
	Email:	tisett@ibioinc.com	 	Email:	john.delta@techcxo.com

 

 

 

	 
	 

 

	Executed by Client:	 	Executed by TechCXO,
    LLC:
	 	 	 
	Signature:	/s/
    Tom Isett	 	Signature:	/s/
    John Delta
	 	 	 	 	 
	Date:	8 July
    2020	 	Date:	7/8/20
	 	 	 	 	 
	Printed Name:	Tom Isett	 	Printed Name:	John Delta
	 	 	 	 	 
	Title:	Chairman
    & CEO	 	Title:	Managing
    Partner

 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

Service
Provider Bio

 

John Delta is an experienced operating and financial executive
and entrepreneur with deep experience in enterprises from $2 million to $200 million. His main areas of focus are mid-stage software,
SaaS and consumer-facing firms in need of assistance with CFO duties, transaction execution and scaling their finance/operations.
Recent SaaS engagements include:

 

		1.	Interim CFO for an Annapolis, MD SaaS logistics firm
that was preparing for a large minority investment from financial investors. My work included FP&A, cash flow budgeting, initiate
a 606 review and 1st formal Review process (with RSM).

 

		2.	Interim CFO for a SaaS cybersecurity firm carved out
of Northrop Grumman by LLR Partners. I set-up the Finance function from scratch as soon as the deal was finalized.

 

		3.	Interim CFO for a VC-backed SaaS geo-targeting firm
that was a spin-off from a larger consulting group. Set-up the Accounting/Finance/FP&A functions from scratch.

 

John has broad consulting, operations and finance experience,
including:

 

		•	Consulting Associate at McKinsey & Co. and Consulting
Manager at Deloitte & Touché.

 

		•	Vice President, The Nasdaq Stock Market – John
worked in several departments and developed the business plan for, and then ran, the E-commerce group.

 

		•	EVP/COO, Hemscott – The firm was a PE-backed
roll-up in the financial info space. John led post-merger integration and ops for this global firm (US, UK and India). He was
instrumental in developing the successful exit strategy of splitting the firm in 2 and selling the retail unit to Morningstar.

 

		•	CFO, DoublePositive Marketing Group – the firm
was a VC-backed SaaS offering in the lead gen space. John joined when it had $1M in revenue and led several financings while building
the Finance/Admin functions. The firm had a successful exit to a strategic.

 

		•	CFO, Edison Worldwide – John restructured operations,
sold off assets and closed poorly performing units for this large ($120M) direct response marketing firm.

 

		•	Founder/CFO, JJAB Holdings – Ran Finance and
Operations for this PE-backed startup in the direct response marketing space. The firm was sold to a strategic acquirer in 1 year.

 

		•	COO/CFO, Management CV – Led Research and Ops
for this institutional research provider. Scaled the business in a capital efficient way with just 1 Angel round.

 

John holds a BA and an MBA from the University of Virginia. 

 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

Terms
and Conditions

 

		1.	Consulting
                                         Services

 

TechCXO,
LLC (“TechCXO”) will provide consulting services and executive talent pursuant to the scope of services provided in
the accompanying proposal or work order, and under the terms and conditions of this Consulting Services Agreement (“Agreement”).
Any changes to the Agreement shall be documented and approved by TechCXO and Client in writing and attached to the Agreement.
Scheduled service dates will be agreed upon mutually, subject to availability of TechCXO personnel.

 

		2.	Status
                                         of Parties

 

TechCXO
and its principals, employees, agents and subcontractors (collectively, “Consultants”) shall be, and at all times
during this Agreement shall remain, an independent contractor in relationship to the Client. Consultants shall not have any rights
to the Client’s usual employee fringe benefits, including, but not limited to, worker's compensation benefits, and in no
event is any contract of agency or employment intended by this Agreement. Except to the extent authorized by the Client’s
Board of Directors in writing, and consistent with the scope of the services under this Agreement, Consultants shall have no authority
to bind, obligate, or commit the Client by any agreement, promise, or representation in any manner whatsoever.

 

		3.	Incidental
                                         Expenses

 

Client
shall reimburse TechCXO for actual, reasonable travel, lodging, and out-of-pocket expenses incurred with Client’s prior
written approval. Mileage rates will conform to the IRS standard rate schedule.

 

		4.	Fees,
                                         Invoicing, and Payment

 

TechCXO’s
fees (hourly and fixed) and payment terms are stated in the accompanying proposal or work order, and are subject to periodic adjustment
(but in the case of hourly rates, not more often than once every twelve (12) months). Invoices will normally be issued on a semi-monthly
basis, unless otherwise provided. Fees for services shall be payable when invoiced, and shall be deemed overdue if they remain
unpaid 31 days after the date of invoice. Overdue fees shall be subject to a late payment of one and one-half percent (1.5%) per
month for each month where payment is not received. Client’s failure to make timely payments under this Agreement may be
considered by TechCXO a material breach of this Agreement, which may result in suspension of consulting services to Client.

 

If
Client’s procedures require that an invoice be submitted against a purchase order before payment can be made, Client will
be responsible for issuing such purchase order 30 days before the payment due date. If TechCXO has to collect past due sums under
this agreement, then it shall also be entitled to collect its reasonable collection costs, interest and attorney’s fees.
Payments are due regardless of any third-party action or responsibilities of Client.

 

		Remit to Address:	TechCXO, LLC

1911
Grayson Highway, Suite 8/122

Grayson,
GA 30017

 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

		5.	Term
                                         of Agreement

 

The
initial term of this Agreement shall be one (1) year from the date executed, unless specifically stated otherwise in writing,
and shall renew for subsequent one (1) year terms unless TechCXO is notified by Client in writing a minimum of thirty (30) days
prior to the expiration of the then-current term. The parties may terminate the engagement as outlined in Section 12.

 

		6.	Client
                                         Obligations

 

As
part of the engagement under this Agreement, Client will furnish or make available any company plans, product information, financial
information, and other relevant resources, and provide access to necessary personnel, as requested by TechCXO to enable the performance
of the consulting services. TechCXO fees are based on anticipated cooperation from Client personnel and the assumption that unexpected
circumstances will not be encountered during the engagement. Other resources, such as Internet access while present on Client
premises and adequate work space facilities, shall be as agreed with Client. If significant unexpected circumstances occur, the
parties will discuss a new fee estimate before TechCXO incurs additional costs.

 

		7.	Changes
                                         in Scope

 

The
scope of the engagement is stated in the accompanying proposal or work order, and shall be the only services provided under this
Agreement. In the event that Client seeks to change the scope of the engagement, Client shall discuss such proposed changes with
TechCXO. If TechCXO elects to perform such changes to the engagement, the parties shall work together in good faith to come to
new terms on the scope of the engagement. Any changes in scope shall be mutually agreed upon in writing prior to commencement
of the change. This includes any required changes in engagement responsibilities, fees and schedule. TechCXO shall not be obligated
to perform any differing or additional consulting services unless the parties have mutually agreed upon and executed a written
change order or amendment to this Agreement. TechCXO shall be entitled to an adjustment in fees based on the change in scope of
the engagement. TechCXO will provide an estimate for the change in a timely manner and the Client shall approve or disapprove
this change in a timely manner.

 

		8.	Taxes

 

The
fees quoted in the accompanying proposal or work order do not include taxes. If TechCXO is required to pay any federal, state,
or local taxes based on the services provided under this Agreement, such taxes, except taxes based on TechCXO’s income,
shall be billed to and paid by the Client.

 

		9.	Rights
                                         to Work Product

 

All
deliverables under this Agreement shall be considered works-made-for-hire (“Deliverables”) and all ownership rights
relating to the Deliverables shall vest in Client. Nothing herein shall be construed to grant TechCXO any right or license to
use the confidential, proprietary information of Client. Notwithstanding the provisions of this section, any intellectual or other
property, including but not limited to tools, business processes, work products, methodologies, techniques, trade secrets, works
of authorship, standard training material, courseware, third party or open source software, or content which (i) is not customized
specifically for Client; (ii) does not contain any Client confidential or proprietary information; and (iii) was developed by
TechCXO prior to the execution of this Agreement, and used in the performance of its obligations in creating the Deliverables
pursuant to this Agreement (“TechCXO Property”), belongs to and remains the property of TechCXO. TechCXO hereby grants
to Client a worldwide, nonexclusive, irrevocable, perpetual, royalty-free license to use, copy, distribute, display, modify and
make derivative works of all such TechCXO Property in accordance with this Agreement.
 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

		10.	Warranty
                                         and Disclaimers

 

TechCXO
warrants that its services provided pursuant to this Agreement will be performed in a timely and professional manner consistent
with generally-accepted industry standards. Any modifications made to work products or services provided by TechCXO that are not
authorized and executed by TechCXO shall void the warranty.

 

EXCEPT
AS EXPRESSLY SET FORTH IN THIS SECTION, TECHCXO EXPRESSLY DISCLAIMS AND CLIENT EXPRESSLY WAIVES ANY AND ALL WARRANTIES, WHETHER
EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

 

EXCEPT
AS EXPRESSLY SET FORTH IN THIS SECTION, ALL SERVICES AND DELIVERABLES ARE PROVIDED “AS IS.” TECHCXO IS PROVIDING SERVICES
TO ASSIST CLIENT. CLIENT IS RESPONSIBLE FOR REVIEWING THE DELIVERABLES TO ENSURE THEIR ACCURACY AND COMPLETENESS AND FOR THE RESULTS
OBTAINED FROM ITS USE OF THE DELIVERABLES.

 

		11.	Limitation
                                         of Remedies

 

Client’s
sole and exclusive remedy for any claim against TechCXO and its Consultants with respect to the quality of the services provided
by TechCXO under this Agreement shall be, at TechCXO’s option, re-performance of the consulting services or termination
of the engagement and return of the portion of the fees paid to TechCXO by Client for the nonconforming portion of the consulting
services

In
order to receive warranty remedies, deficiencies in the services must be reported to TechCXO in writing within 60 days of completion
of that portion of the services. In the absence of any such notice, the services shall be deemed satisfactory to and accepted
by Client.

 

		12.	Termination
                                         of Agreement

 

Unless
stated otherwise in the proposal or work order applicable to the services under this Agreement, either party can terminate this
Agreement without cause upon thirty (30) days written notice to the other party prior to the expiration of the then-current term.
Either party can terminate this Agreement for cause if either party considers the other party is not performing its obligations
in accordance with the terms of this Agreement, and provides written notice to the other party of such non-performance. The party
receiving such written notice will have fifteen (15) days from the date of notice receipt to correct the situation. If the situation
is not corrected, the Agreement can be terminated immediately upon written notice. Upon termination of this Agreement, TechCXO
will immediately cease performing any consulting services, and Client will pay TechCXO for all services provided and expenses
incurred through the date of termination.

 

		13.	TechCXO
                                         Consultants

 

Client
acknowledges and agrees that TechCXO shall have the right, in its sole discretion, to remove or reassign its Consultants who are
assigned to provide services under the Consulting Services Agreement. TechCXO agrees to notify Client before such removal or reassignment
if such notice is possible. In the event Client believes that any TechCXO Consultant is failing to perform the services in a satisfactory
manner or believes that the Consultant is not technically qualified, Client shall notify TechCXO as to the reasons for such failure.
Upon receipt of notice or as soon as reasonably practical thereafter, Client and TechCXO shall mutually determine the best course
of action to take to resolve such failure, which action may include replacing such Consultant at no cost to Client. Should Client
request that a TechCXO Consultant be replaced for any reason other than job performance or technical qualification, an additional
cost may be assessed to Client. This cost will be mutually agreed to in writing prior to replacement of the Consultant.
 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

Due
to the limited nature of TechCXO’s engagement, unless expressly stated in the accompanying proposal or work order, TechCXO
and its Consultants shall not be solely responsible for the financial and accounting functions of Client even if acting in a “CFO”
or similar executive role. TechCXO and its Consultants are acting solely in a consulting capacity, and the scope of the engagement
is expressly limited to the responsibilities set forth in the accompanying proposal or work order.

 

		14.	Force
                                         Majeure

 

Neither
party shall be responsible for any failure to perform or delay in performing any of its obligations under this Agreement where
and to the extent that such failure or delay results from causes outside the reasonable control of the party. Such causes shall
include, without limitation, Acts of God or of the public enemy, acts of the government in either its sovereign or contractual
capacity, fires, floods, epidemics, quarantine restrictions, freight embargoes, civil commotions, or the like. Notwithstanding
the above, strikes and labor disputes shall not constitute an excusable delay for either party under this Agreement.

 

		15.	Limitation
                                         of Liability

 

UNDER
NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY (WHETHER IN CONTRACT, TORT, NEGLIGENCE OR OTHERWISE) WILL EITHER PARTY TO THIS AGREEMENT,
OR THEIR AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR CONSULTANTS BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR
ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, CONSEQUENTIAL, PUNITIVE OR OTHER SIMILAR DAMAGES, INCLUDING LOST PROFITS, LOST SALES,
LOST FUNDING OR INVESTMENT, LOST BUSINESS, LOST DATA, BUSINESS INTERRUPTION OR ANY OTHER LOSS INCURRED BY THE OTHER PARTY OR SUCH
THIRD PARTY IN CONNECTION WITH THIS AGREEMENT OR THE CONSULTING SERVICES, REGARDLESS OF WHETHER A PARTY HAS BEEN ADVISED OF THE
POSSIBILITY OF OR COULD HAVE FORESEEN SUCH DAMAGES.

 

CLIENT
AGREES THAT TECHCXO’S TOTAL LIABILITY ARISING OUT OF THIS AGREEMENT OR OTHERWISE IN CONNECTION WITH ANY CONSULTING SERVICES,
SHALL IN NO EVENT EXCEED THE FEES PAID BY CLIENT TO TECHCXO PRIOR TO THE FIRST EVENT OR OCCURRENCE GIVING RISE TO SUCH LIABILITY,
AND SHALL IN NO EVENT EXCEED THE TOTAL AMOUNT OF FEES PAID BY CLIENT TO TECHCXO UNDER THIS AGREEMENT. EACH PARTY ACKNOWLEDGES
AND AGREES THAT THE ESSENTIAL PURPOSE OF THIS SECTION IS TO ALLOCATE THE RISKS UNDER THIS AGREEMENT BETWEEN THE PARTIES AND LIMIT
POTENTIAL LIABILITY GIVEN THE FEES, WHICH WOULD HAVE BEEN SUBSTANTIALLY HIGHER IF TECHCXO WERE TO ASSUME ANY FURTHER LIABILITY
OTHER THAN AS SET FORTH HEREIN. TECHCXO HAS RELIED ON THESE LIMITATIONS IN DETERMINING WHETHER TO PROVIDE CLIENT THE CONSULTING
SERVICES PROVIDED FOR IN THIS AGREEMENT.

 

TechCXO
shall not be liable for any deficiency in performance of consulting services to the extent resulting from acts or omissions of
the Client, including but not limited to, Client’s failure to provide accurate information, timely assistance, relevant
resources or necessary personnel requested by TechCXO to enable the performance of the consulting services. TechCXO also shall
not liable for any deficiency in performance of consulting services to the extent that it does not directly supervise and/or manage
staffing personnel provided to Client by TechCXO, or Client refuses to engage or allow a TechCXO Partner to be involved in the
oversight and/or performance of the consulting services.
 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

		16.	Indemnification

 

Each
party shall indemnify and hold the other harmless against any and all third-party claims, costs, expenses, losses, and liabilities
claimed by third parties, arising out of misrepresentations, acts, or omissions of the indemnifying party, and Client shall indemnify
and hold TechCXO harmless against any and all third party claims, costs, expenses, losses, and liabilities claimed by third parties,
arising out of the providing of the products or services referenced in this Agreement, except for instances of fraud, gross negligence,
or willful misconduct.

 

		17.	Nondisclosure

 

By
virtue of this Agreement, the parties may have access to information that is confidential to one another (“Confidential
Information”). For purposes of this Agreement, Confidential Information may include, but is not limited to, information
regarding proprietary methods and products, potential product and/or service offerings, source code, designs, documentation, customer
names, customer data, business plans, financial analysis, future plans and pricing, the marketing or promotion of any product,
and business policies and practices. The parties agree, both during the term of this Agreement and for a period of two (2) years
after termination, for any reason, of this Agreement and of all work orders hereunder, to hold each other's Confidential Information
in strict confidence. The parties agree not to make each other's Confidential Information available in any form to any third party
or to use each other's Confidential Information for any purpose other than the performance of this Agreement. Each party agrees
to take all reasonable steps to ensure that Confidential Information is not disclosed or distributed in violation of the provisions
of this Agreement, except a disclosure pursuant to any judicial or government request or order. The parties hereby acknowledge
(1) the unique nature of the protections and provisions set forth in this provision, (2) that a party will suffer irreparable
harm if the other party breaches any of said protections of this provision, and (3) that monetary damages will be inadequate to
compensate the party for such breach. Therefore, if a party breaches this provision, then the aggrieved party shall be entitled
to injunctive relief, in addition to any other remedies at law or equity, to enforce such provision.

 

		18.	Notice

 

Any
notice required or permitted to be given by one party to the other shall be deemed to be given when notice is mailed via certified
mail with the United States Postal Service with sufficient postage prepaid, or by recognized courier service with verification
of delivery, addressed to respective party to whom notice is intended at the address specified above in this Agreement.

 

		19.	Governing
                                         Law

 

This
Agreement shall be governed by the laws of the State of Delaware without regard to its choice of laws rules. Any dispute arising
out of or relating to this Agreement shall be determined by a federal or state court in the State of Delaware. The parties hereby
submit to the jurisdiction of such courts.

 

		20.	Severability

 

If
any provision of this Agreement is held by final judgment of a court of competent jurisdiction to be invalid, illegal, or unenforceable,
such invalid, illegal, or unenforceable provision shall be severed from the remainder of this Agreement, and the remainder of
this Agreement shall be enforced. In addition, the invalid, illegal, or unenforceable provision shall be deemed to be automatically
modified, and, as so modified, to be included in this Agreement, such modification being made to the minimum extent necessary
to render the provision valid, legal, and enforceable. Notwithstanding the foregoing, however, if the severed or modified provision
concerns all or a portion of the essential consideration to be delivered under this Agreement by one party to the other, the remaining
provisions of this Agreement shall also be modified to the extent necessary to equitably adjust the parties' respective rights
and obligations hereunder.
 

    75 5th Street, Suite 405b, Atlanta, GA 30308

     

    

 

 

 

 

 

		21.	Counterparts

 

This
Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together constitute a singled
integrated document. Facsimile transmissions of the signature page shall be binding upon the parties.

 

		22.	Entire
                                         Agreement

 

This
Agreement constitutes the complete agreement between the parties and supersedes all previous agreements or representations, written
or oral, with respect to the services and terms described herein. This Agreement may not be modified or amended except in writing
signed by a duly authorized representative of each party.

 
 

    75 5th Street, Suite 405b, Atlanta, GA 30308

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