Contractor Agreement

This Agreement is effective as of the date of the party last signing below by and between [Company Name (Company)], with offices at [Company Address], and Petr Kuzmic, Ph.D. (Contractor), having a business address at BioKin Ltd., 15 Main Street. Suite 232, Watertown, Massachusetts 02472.

[Company] and the Contractor agree as follows:

Article 1. Contract Service

The Contractor will design and construct certain software for processing enzyme kinetic data (Contract Service), more specifically identified in Appendix I which is attached to and made a part of this Agreement.

Article 2. Time of Completion

The Contract Service will be completed on or before [Completion Date].

Article 3. The Contract Price

[Company] will pay the Contractor for the Contract Service a sum not to exceed [EXAMPLE: nine thousand six hundred] dollars ($9,600.00), subject to additions and deductions pursuant to authorized changes to the scope of the Contract Service.

Article 4. Progress Payments

Payments of the Contract Price shall be made in installments upon completion of the requisite acceptance criteria set forth in Appendix I.

Article 5. Other Provisions

1. All changes to the scope of the Contract Service shall be in writing and signed by [Company] and the Contractor, which writing then shall be incorporated in and become a part of this Agreement.

2. [Company] understands that the Contractor may be engaged by one or more other institution(s) for the Contractor's services. In this regard, the Contractor will not become a party to any agreement that conflicts with the Contractor's performance of the Contract Service. [Company] may terminate this Agreement if in its reasonable opinion the performance of such services will conflict with its interests.

3. [Company] wishes to maintain in confidence all information including data, technology, commercial and research strategies, trade secrets, inventions and know-how disclosed by [Company] to the Contractor, directly or indirectly, in written, oral or other tangible form, for the purpose of this Agreement or generated by the Contractor as a result of the performing the Contract Services (collectively, Confidential Information). In this regard, the Contractor will not disclose Confidential Information to others without the prior written consent of [Company], except the Contractor will not be prevented from disclosing information that (i) can be shown by contemporaneous documentation to have been in the Contractor's possession prior to the disclosure by [Company]; (ii) at the time of the disclosure is, or thereafter becomes, through no fault of the Contractor, part of the public domain; or (iii) is furnished to the Contractor by a third party after the time of the disclosure without the breach of any duty to [Company]. In addition, the Contractor will keep separate and segregated from other work all documents, records, notebooks, correspondence and the like arising from the Contract Services. All right, title, and interest in Confidential Information, including that arising from the Contract Services, shall belong to [Company] and upon completion of the Contract Services or termination of this Agreement all tangible forms of Confidential Information, including copies thereof, whether prepared by the Contractor or other, will be delivered to [Company].

4. The Contractor will not disclose to [Company] any information of third parties that the Contractor does not have the right to disclose.

5. This Agreement may be terminated by either party upon thirty (30) days written notice to the other party. This Agreement may be terminated by a non-breaching party, in addition to any other remedy, for a breach of any term of the Agreement effective upon written notice to the breaching party; upon which event all rights of the breaching party shall terminate. In either event, notice shall be given by registered mail, prepaid and properly addressed as follows:

Any such notice shall be deemed to have been given when received.

7. The terms and obligations of Sections 3 of this Article 5 shall survive and remain in full force and effect after termination of this Agreement regardless of the cause of such termination.

8. This Agreement is the entire agreement of the parties relating to the subject matter hereof, and supersedes all prior and contemporaneous negotiations, correspondence, understandings, and agreements of the parties relating to the subject matter hereof. It may be amended only by an agreement in writing, signed by both parties.

9. The Contractor is an independent contractor and is not an employee or agent of [Company]. The Contractor shall be entitled to no benefits or compensation from [Company] except as set forth in this Agreement and shall in no event be entitled to any fringe benefits payable to employees of [Company]. The Contractor shall be solely responsible for the payment of all taxes due on the income received for performing the Contract Services.

10. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Washington (regardless of the choice of law principles in Washington or any other jurisdiction).

In witness whereof, the parties have executed this Agreement as of the date of the party last signing below.

Appendix I

Payment for Services and Expenses - Example

For consultation related to the design, production and installation of [Software Name] and the actual software product [Software Name], [Company] will pay for the product in installments upon completion of the requisite acceptance criteria.