EXHIBIT 10.10.18
CONSULTING AGREEMENT — 2008
BETWEEN
LEAP
WIRELESS INTERNATIONAL, INC.
AND
STEVEN
R. MARTIN
This Consulting Agreement –
2008 (the “Agreement”) is entered into effective as of
January 5, 2008 (the “Effective Date”) between
Leap Wireless International, Inc. (“Leap”), a
corporation organized and existing under the laws of the State of
Delaware and having its principal place of business located at
10307 Pacific Center Court, San Diego, CA 92121, and Steven R.
Martin (“Contractor”), having his principal place of
business at P.O. Box 3223, La Jolla, California 92038.
In consideration of the promises and
mutual covenants hereinafter set forth, Leap and Contractor hereby
agree as follows:
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SCOPE OF AGREEMENT |
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Contractor shall perform the consulting services described in
Exhibit A including supervision, labor, necessary materials
and equipment (hereinafter referred to as the
“Services”). The Services shall be performed with
promptness and diligence in a thorough, workmanlike manner to the
satisfaction of Leap. |
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1.1 |
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Contractor shall proceed with promptness and diligence and the
Services shall be performed to Leap’s satisfaction in
accordance with the highest professional standards in the
field. |
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1.2 |
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Contractor shall remove, at Leap’s request, any employee
or subcontractor furnished by Contractor, who in Leap’s
opinion is incapable, uncooperative, or otherwise unacceptable in
the performance of the Services. |
| 2. |
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COMPENSATION |
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a. Payment . Leap shall compensate Contractor for the
Services in accordance with Exhibit B; provided, however, that
Leap’s total liability under this Agreement shall not exceed
$225,000 (calculated without regard to the restricted stock granted
to Contractor as described in Exhibit B) unless Leap so agrees
in writing. |
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b. Invoices . Contractor shall submit to Leap on a
monthly basis invoices requesting payment, and such invoices will
be paid by Leap within thirty (30) days after receipt.
Invoices shall clearly invoice all details as more particularly
described in Exhibit B. |
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| 3. |
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CONFIDENTIALITY |
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3.1. |
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Use of Confidential Information Received . Leap may from
time to time communicate to Contractor, or Contractor may otherwise
gain access to, certain confidential business and/or technical
information with respect to Leap’s operations, business plans
and/or intellectual property (the “Information”).
Contractor shall treat all Information as confidential, whether or
not so identified, and shall not disclose, or permit the disclosure
of, any Information without the prior written consent of Leap.
Contractor shall limit the use and disclosure of the Information
within its organization to the extent necessary to perform the
Services and shall inform all such disclosees of the confidential
nature of such Information and of Contractor’s obligations
under this Paragraph 3. The foregoing obligations of this
Paragraph 3 shall not apply to any Information which has been
or is through no fault of Contractor hereafter disclosed in
publicly available sources of information. The terms of this
Agreement are in addition to the terms of any nondisclosure
agreement currently in effect between Leap and Contractor, and in
the event of any inconsistency between the terms of such
agreements, those terms which are most protective of the
Information shall prevail. |
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3.2. |
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Confidentiality of Work Product . Contractor shall not
disclose to any party, including but not limited to any
subcontractor, without the prior written consent of Leap any of
(i) Contractor’s works, discoveries, inventions and
innovations resulting from Contractor’s performance of the
Services, or (ii) any proposals, research, records, reports,
recommendations, manuals, findings, evaluations, forms, reviews,
information, data, computer programs and software originated or
prepared by Contractor for or in the performance of the Services
(the items listed in clauses (i) and (ii) being hereinafter
referred to collectively and severally as “Work
Product”). |
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3.3. |
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Return of Information and Work Product . In the event of
any termination, expiration or upon request by Leap, all copies of
such Information and all Work Product shall be immediately returned
to Leap. |
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4.1. |
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Rights to Information . Contractor acknowledges and
agrees that all Information shall remain the property of Leap, and
no license, express or implied, to use any of Leap’s
intellectual property is granted under this Agreement, except as
specifically required to provide the Services. |
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4.2. |
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Assignment of Work Product . All Work Product shall be
promptly communicated to Leap. As additional consideration for the
compensation to be paid to Contractor under this Agreement,
Contractor shall assign to Leap all of its right, title and
interest in and to all Work Product immediately upon origination,
preparation or discovery thereof and regardless of the medium of
expression thereof. Contractor shall communicate to Leap or its
representatives all facts known to it respecting such Work Product.
Further, whenever requested, Contractor shall testify in all legal
proceedings, sign all lawful papers and otherwise perform all acts
necessary or appropriate to enable Leap and its successors and
assigns to obtain and enforce legal protections for all such Work
Product in all countries, for which Leap may pay Contractor a
reasonable fee. All Work Product shall become the exclusive
property of Leap, and Contractor shall be deemed to have
relinquished all right, title and interest in and to such Work
Product by virtue of this Paragraph 4.2. |
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TERM OF AGREEMENT |
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This Agreement shall become effective on the date first set
forth above and shall remain in full force and effect until
July 4, 2008 unless sooner terminated by either party upon
thirty (30) days’ written notice to the other party. In
the event of such termination or upon expiration of this Agreement,
Contractor shall return to Leap any and all equipment, documents
and other materials containing any Information which Contractor has
received from Leap, any and all Work Product, and all copies
thereof made by Contractor, and Leap’s sole obligation shall
be to pay Contractor in accordance with Paragraph 2 above the
compensation due for the Services actually completed as of the
effective date of such termination or expiration, provided,
however, any such payment shall be subject to any provision for the
limit of expenditures set forth in Section 2 of this
Agreement. |
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INDEPENDENT CONTRACTOR |
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The parties expressly intend and agree that Contractor is
acting as an independent contractor and not as an employee of Leap.
Contractor retains sole and absolute discretion, control and
judgment regarding the manner and |
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means of performing and providing the Services, except as to
the policies and procedures set forth herein. Contractor
understands and agrees that it shall not be entitled to any of the
rights and privileges established for Leap’s employees,
including but not limited to: retirement benefits; medical, life
insurance or disability coverage; severance pay; and paid vacation
or sick pay. Contractor understands and agrees that Leap will not
pay or withhold from the compensation paid to Contractor any sums
customarily paid or withheld for or on behalf of employees for
income tax, unemployment insurance, social security, workers
compensation or any other withholding tax, insurance or payment,
and all such payments as may be required by law are the sole
responsibility of Contractor. Contractor agrees to hold Leap
harmless against and indemnify Leap for any of such payments
of |
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