Translation from the German into the English Language
Exhibit 6.26
Page 1 of 2
Consulting Contract
Between
the Company iQ Battery Research & Development GmbH, Xxxxxxxx-Xxxxx-Xxx. 0, 00000
Xxxxx (hereafter referred to as the Firm)
and
Xx. Xxxxxxx Xxxxx, Xxxxxxx 0, 00000 Xxxxxxxx (hereafter referred to as the
Consultant)
agree to the following:
Sec. 1. Subject of the Contract
The Consultant will advise the Firm on all commercial, technical and marketing
problems comprehensively. In particular his duties will also encompass
overtaking of the technical management of the development.
Sec. 2. Place and Time of the Activities
1. The Consultant sets his own place of work. However he must be at disposal
at the offices of the Firm, when it is necessary.
2. The Consultant organizes his time of work dutifully at his discretion.
Sec. 3 Remuneration
1. The Consultant receives a fee in amount of DM 21,000. - - gross, flat rate
for the services in 1996. Beginnning 01.01.1997 the fee due will be payable
in amount of DM 6,100. - - plus statutory sales tax.
Sec. 4 Expenses
The Firm is obligated to reimburse, upon presenting receipts, all necessary
expenses incurred on business of providing consulting activity.
Sec. 5 Discretion
1. The Consultant obligates himself to maintain strict confidentiality in
respect of all known previously or to be known to him business and
industrial affairs, also after ceasing of this Contract.
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2. The Consultant will safeguard all conveyed to him business and industrial
documentation, as well as maintain confidentiality in respect of third
parties, and return these documents on request after the contract ended.
Sec. 6 Non-Competition
1. The Consultant obligates himself, during term of this Agreement not to be
active with any enterprise which competes with the Firm. He obligates
himself not to attend any a such enterprise on business, not to close any
advisor's contracts, obtain any remuneration directly or indirectly.
Furthermore, he is forbidden to form a competitive enterprise.
2. The Consultant will indicate undertaking of any activity, where doubts may
exist if such is in competition with advisory activity.
Sec. 7 Termination of the Contractual Relation
1. This consulting contract is subject to termination by either party on a
three months notice, effective end of the month, the earliest though on
December 31, 1997. The right to termination under special circumstances is
retained.
2. Termination requires a written form. The regular termination of the
contract does not require any substantiation.
Sec. 8 Format
Changes in clauses or additions to this Contract will be only recognized, when
submitted in writing or arranged in writing by both parties.
Floha, dated this 30.10.1996
. . . . . . . . . . . . . . . . . . . . . . .
(iQ Research & Development GmbH)
. . . . . . . . . . . . . . . . . . . . . . .
(Xx. Xxxxxxx Xxxxx)
