Consulting Agreement between AeroVironment, Inc. and General Charles R. Holland (Ret.) for UAV Marketing Support
AeroVironment, Inc. has engaged General Charles R. Holland, USAF (Retired), as a consultant to provide general marketing support for unmanned air vehicle systems from January 1, 2013, to January 1, 2016. General Holland will be paid $8,000 per month in advance for up to 24 days of work per year, with additional days billed separately. Expenses are reimbursed if approved in advance and supported by receipts. No extra costs are allowed without written approval from the company’s task manager.
Exhibit 10.27
STANDARD CONSULTING AGREEMENT
Dated November 1, 2008
Consultant: General Charles R. Holland, USAF, Retired
| TASK ORDER # FY13-001 | Project No. 9000.6435.0100.000 |
A. Effort: General marketing support for unmanned air vehicle systems.
B. Task Manager: Tim Conver
C. Target Performance Period: January 1, 2013 through January 1, 2016
D. Rates:
| Authorized Days |
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| Total Not To Exceed Cost |
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| 24 days |
| $4,000 per day |
| $96,000 per year |
Payments to be made on a monthly basis at the rate of $8,000 per month in advance. Any additional days required by the Task Manager, beyond the 2 days per month anticipated by the advance payment, will be invoiced at the daily rate in arrears with expenses and approved by the Task Manager.
Reference shall be made to Project No. shown above on all invoicing.
E. Expenses:
Maximum authorized expenses - As required and approved in advance.
Travel and/or miscellaneous expenses shall be reimbursed in accordance with current AV standard travel procedures; receipts shall accompany invoices of $25 or more.
No labor or expense costs above those amounts shown here are to be incurred without the prior written approval of the AV Task Manager.
| AeroVironment, Inc. |
| General Charles R. Holland, |
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| USAF Retired |
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| /s/ Timothy E. Conver |
| /s/ Charles R. Holland |
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| Signature |
| Signature |
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| Timothy E. Conver |
| Charles R. Holland |
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| Name (Print) |
| Name (Print) |
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| CEO |
| 2/21/13 |
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| 2/21/13 |
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AEROVIRONMENT PROPRIETARY INFORMATION
