SEC Contract Filing

Filing Date: 2017-06-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>7
<FILENAME>v469173_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>KULR TECHNOLOGY CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONSULTING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Consulting Agreement (this &quot;Agreement&quot;)
is entered into effective as of April 15th, 2013 (the &ldquo;Effective Date&rdquo;), between KULR Technology Corporation, a Delaware
corporation (the &quot;Company&quot;), and Energy Science Laboratories, Inc. (the &quot;Consultant&quot; or &ldquo;ESLI&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The parties wish to provide for the engagement
of the Consultant to perform consulting services for the Company on the terms and conditions contained in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Consultant wishes to receive compensation
from the Company for the Consultant's services, and the Company desires reasonable protection of its confidential business and
technical information that has been acquired and is being developed by the Company at substantial expense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">ACCORDINGLY, THE PARTIES HEREBY AGREE AS
FOLLOWS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SECTION 1. <U>ENGAGEMENT AND TERM</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1 <U>The Engagement</U>. Subject to the
terms and conditions hereof: (i) the Company hereby engages the Consultant to perform consulting services for the Company in accordance
with provisions hereof and Exhibit A attached hereto and in exchange for the compensation provided in Exhibit A (the &quot;Engagement&quot;);
and (ii) the Consultant hereby accepts the Engagement and agrees to perform such consulting services and its obligations as provided
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2 <U>Engagement for Unspecified Term</U>.
The Engagement shall be for a term as specified in Exhibit A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.3 <U>Independent Contractors</U>. The
relationship between the Company and the Consultant is that of independent contractors; and neither party is the legal representative,
agent, joint venturer, partner, or employee of the other party for any purpose whatsoever. Neither party has any right or authority
hereunder to assume or create any obligation of any kind or to make any representation or warranty on behalf of the other, whether
express or implied, or to bind the other party in any respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SECTION 2. <U>CONSULTING SERVICES</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1 <U>Description of the Consulting Services
and Duties</U>. The Consultant shall perform the duties generally described in the Description of Duties on Exhibit A attached
hereto and incorporated herein by this reference. The Consultant also shall perform such specific consulting services for the Company
as the Company may reasonably request from time to time during the Engagement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2 <U>Standard of Care</U>. The Consultant
shall perform the consulting services hereunder and perform all of its responsibilities and obligations hereunder with at least
the care, skill, prudence, and diligence that a prudent person acting in a like capacity and experienced in the industry would
use under like circumstances. The Consultant shall at all times perform such services loyally and conscientiously.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.3 <U>Rules and Policies</U>. While at
the Company's offices and while performing consulting services for the Company, the Consultant shall comply with all applicable
rules and policies of the Company as established from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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