AMENDED AND RESTATED
INDEPENDENT CONTRACTOR AGREEMENT
This AMENDED AND
RESTATED INDEPENDENT CONTRACTOR AGREEMENT (this
“Agreement”) is made as of the 8th day of August, 2008
(the “Effective Date”), by and between iRobot
Corporation, a Delaware corporation with a principal office at 8
Crosby Drive, Bedford, Massachusetts, 01730 and its affiliates,
successors, assigns and duly authorized representatives (the
“Company”), and Rodney A. Brooks, an individual with an
office at The Stata Center of The Massachusetts Institute of
Technology (“MIT”), Cambridge, Massachusetts, 02139
(“Contractor”). This Agreement amends and restates in
its entirety the Independent Contractor Agreement, dated
December 30, 2002, by and between Company and Contractor (the
“Existing Agreement”).
WHEREAS,
the Company and Contractor are parties to the Existing
Agreement;
WHEREAS,
Contractor desires to commence work with two new entities,
Heartland Robotics, Inc. (“Heartland”) and BrooksLab,
LLC (“BrooksLab”);
WHEREAS,
Heartland proposes to engage in the business of developing,
producing, marketing and selling products or services in the
Robotics Industry (as defined below) for use in industrial and
plant automation or with material handling applications outside of
the defense or homeland security industries (the “Heartland
Opportunity”);
WHEREAS,
BrooksLab proposes to engage in the business of incubating and
commercializing new ideas and technologies in the Robotics Industry
and licensing or assigning such new ideas or technologies to new or
existing business entities, provided that such new ideas or
technologies incubated or commercialized by BrooksLab
(i) shall not have applications in industrial or plant
automation, (ii) shall not constitute material handling
applications and/or (iii) shall not be in the Mobile Robotics
Industry (the “BrooksLab Opportunity” and, together
with the Heartland Opportunity, the
“Opportunities”);
WHEREAS,
the term “Robotics Industry” for all purposes of this
Agreement shall mean those areas of business where embedded
control, mechanical actuations, sensors and artificial intelligence
are combined together to create value; and the term “Mobile
Robotics Industry” for all purposes of this Agreement shall
mean those areas of business where embedded control, mechanical
actuations, sensors and artificial intelligence are combined
together to create a mobile system that delivers value;
WHEREAS,
Contractor and Company desire Contractor to remain a Director of
the Company and to continue to perform certain services for the
Company on an independent contractor basis while pursuing the
Opportunities;
WHEREAS,
in consideration of the Company entering into this Agreement,
Contractor has caused Heartland to enter into a separate stock
purchase agreement with the Company;
WHEREAS,
Contractor and Company desire to, and hereby do, amend and restate
the Existing Agreement as set forth herein;
NOW,
THEREFORE, in consideration of the foregoing and the mutual
promises and covenants herein contained, it is hereby agreed as
follows:
(a) Company
hereby retains Contractor, and Contractor hereby agrees to continue
to perform for Company, certain services assigned to Contractor by
Company, including, but not limited to, fundraising, marketing, and
technical projects, all such services and projects to be outside of
the usual course of the Company’s business and relate to
areas of the Company’s business that do not in any way
over-lap with the Opportunities (the “Services”).
Contractor is responsible for providing the necessary equipment,
tools, materials and supplies to perform the Services.
(b) Contractor
agrees to keep Company updated, promptly upon Company’s
request, of any progress, problems, and/or developments of which
Contractor is aware regarding the Services. Company shall have the
right to require such updates in writing from Contractor in a
format specified by Company or acceptable to Company in its sole
discretion.
(c) From time
to time, the Company may ask the Contractor to work with and at the
direction of the Company’s legal counsel in order to provide
assistance on certain legal matters. It is the company’s
intention that such work be covered by the attorney-client
privilege to the maximum extent permitted by law, and the
Contractor agrees to cooperate with the Company in all reasonable
respects in such matters.
(a) In
exchange for the full, prompt, and satisfactory performance of all
Services to be rendered to Company hereunder (not to exceed 35
hours per month), Company shall provide Contractor, as full and
complete compensation for the Services rendered hereunder,
compensation at the rate of $500.00 per hour. Company shall pay
such compensation within 30 days of the date of each invoice
from Contractor setting forth the Services performed (but
Contractor will not submit invoices more often than monthly and the
Company shall in all cases have the right to dispute or approve
matters set forth on any such invoice).
(b) Company
hereby agrees that Contractor may be eligible for additional
compensation for specific projects. Such additional compensation,
and whether Contractor is eligible for same, will be determined and
awarded at the Company’s sole discretion.
(c) The
Company will, upon substantiation thereof, reimburse the Contractor
for all reasonable expenses required in the ordinary course of
business and incurred by the Contractor in connection with the
Services. The Contractor must regularly submit, to the Treasurer of
the Company, a statement of these expenses and will comply with
such other accounting and reporting requirements as the Company may
from time to time establish.
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(d) Contractor
shall not be entitled to receive any other compensation or any
benefits from Company (except as expressly set forth herein).
Except as otherwise required by law, Company shall not withhold any
sums or payments made to Contractor for social security or other
federal, state or local tax liabilities or contributions, and all
withholdings, liabilities, and contributions shall be solely
Contractor’s responsibility. Contractor expressly
acknowledges and agrees that Contractor is obligated to pay all
taxes arising from Contractor’s receipt of payments for the
provision of Services and that he will not be eligible for any
employee benefits and expressly waives any entitlement to such
benefits. Contractor further agrees to indemnify the Company and
hold it harmless to the extent of any obligation imposed on the
Company (i) to pay withholding taxes or similar items, or
(ii) resulting from any determination by a federal, state or
local authority that Contractor is not or was not an independent
contractor. Further, Contractor understands and agrees that the
Services are not covered under the unemployment compensation laws
and are not intended to be covered by workers’ compensation
law.
3.
Confidentiality and Nondisclosure . For purposes of this
Section 3 and Sections 4 and 5 of this Agreement, the
“Company” shall include iRobot, its subsidiaries,
corporate entities (other than Heartland and its subsidiaries) in
which, to the Contractor’s knowledge, iRobot has made a
minority equity investment and their respective successors and
assigns. In consideration and as a condition of the
Contractor’s continuing relationship with the Company and the
compensation paid for Contractor’s performance of the
Services, the Contractor agrees as follows:
(a) Except as
deemed necessary by the Contractor to perform the Services
hereunder, (i) to keep confidential, except as the Company may
otherwise consent in writing, and not to disclose, or make any use
of except for the benefit of the Company, at any time either during
or subsequent to the Contractor’s relationship with the
Company, any trade secrets, confidential information, knowledge,
data, or other information of the Company relating to products,
processes, know-how, designs, customer lists, business plans,
marketing plans and strategies, and pricing strategies pertaining
to any business of the Company, which the Contractor may produce,
obtain or otherwise acquire during the course of his relationship
with the Company (“Confidential Information”), except
as herein provided, and (ii) not to deliver, reproduce or in
any way allow any such Confidential Information, or any
documentation relating thereto to be delivered or used by any third
parties without specific direction or consent of a duly authorized
representative of the Company. Notwithstanding the foregoing,
Confidential Information shall not include (1) the
Contractor’s skills and general knowledge about the Robotics
Industry, it being understood that Contractor’s skills and
general knowledge relating to the Robotics Industry may have been,
and may continue to be, developed or enhanced, in part, as a result
of Contractor’s past or future provision of Services to the
Company, (2) Confidential Information that has been disclosed
or released to the general public unless such disclosure or release
is as a result of Contractor’s breach of this Agreement,
(3) Confidential Information that is available to Contractor
on a non-confidential basis from a source other than the Company,
provided such source is not and was not bound by a
confidentiality agreement with the Company, (4) Confidential
Information which, at the time of disclosure, had previously been
developed by Contractor independently of and without reference to
the Confidential Information, or (5) Confidential Information
which at the time of disclosure, and with respect to such
disclosure only, is required to be disclosed pursuant to a
requirement of law.
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(b) In the
event of termination of the Contractor’s relationship with
the Company for any reason whatsoever, Contractor agrees:
(i) to surrender and deliver to the Company promptly all
records, materials, equipment, drawings and data of any nature
pertaining to the Company, regardless of whether containing any
Confidential Information, and the Contractor will not take with him
any description containing or pertaining to any Confidential
Information which the Contractor may produce or obtain during the
course of performing the Services; (ii) after returning all
such Company property, the Contractor shall promptly delete and
finally purge all duplicates, electronic or otherwise, from any
computer or device under his possession or control; and
(iii) to sign and deliver a “Termination
Certificate” in the form attached as
Exhibit A.
(c) To keep
and maintain adequate and current written records of all sales and
customer transactions related to the Services that are material to
the Company, which records shall be available to and remain the
sole property of the Company at all times.
(d) Except as
set forth in this Agreemen
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