CONSULTING AGREEMENT
Exhibit 6.8
This CONSULTING AGREEMENT is made between Virtuoso Surgical, Inc. ("Virtuoso") and Dr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, III effective September 1, 2017.
WHEREAS, ▇▇▇▇▇▇▇▇ is in the business of developing endoscopic surgical tools using technologies developed at ▇▇▇▇▇ ▇▇▇▇▇▇▇ University, Vanderbilt University, and elsewhere, by ▇▇. ▇▇▇▇▇▇▇ and others; and
WHEREAS, Virtuoso desires to consult with ▇▇. ▇▇▇▇▇▇▇ regarding the development of endoscopic surgical tools, or other surgical tools; and
WHEREAS, ▇▇. ▇▇▇▇▇▇▇ is willing to provide engineering consultation services to Virtuoso on mutually agreeable terms;
THEREFORE, the parties agree:
| 1. | ▇▇. ▇▇▇▇▇▇▇ will provide personal engineering consulting services to Virtuoso as may be mutually desirable; |
| 2. | The parties anticipate that ▇▇. ▇▇▇▇▇▇▇'▇ services will require approximately twenty percent of his working effort; |
| 3. | ▇▇. ▇▇▇▇▇▇▇ will be paid at the NIH base rate of $187,000/year, multiplied by his expected effort, payable over the academic year; |
| 4. | For 2017, ▇▇. ▇▇▇▇▇▇▇ will be paid $3,462.96 per month, starting September 1, 2017; |
| 5. | For 2018, ▇▇. ▇▇▇▇▇▇▇ shall be paid $3,462.96 per month during the academic year until the NIH cap is fulfilled; |
| 6. | ▇▇. ▇▇▇▇▇▇▇ will provide a statement of effort for reporting to the NIH at least quarterly; |
| 7. | Any works of authorship or invention, or any other protectable form of intellectual property, that ▇▇. ▇▇▇▇▇▇▇ may develop as part of his work for Virtuoso shall be and remain the property of Virtuoso to the fullest extent permissible by law. |
| /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, III | |||
| Dr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, III | VIRTUOSO SURGICAL, INC. | ||
| By: | /s/ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| ▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Its: | Chief Administrative Officer | ||
