EX-10 19 eclipsesuper8kexhibit106w019.htm EXHIBIT 10.6 - INTERMEDIARY/FINDER/CONSULTANT AGREEMENT DATED SEPTEMBER 1, 2011 INTERMEDIARY/FINDER/CONSULTANT AGREEMENT

INTERMEDIARY/FINDER/CONSULTANT AGREEMENT



This Agreement is entered into this 1st day of September, 2011, hereinafter referred to as “Effective

Date” between Eclipse Identity Recognition Corporation, hereinafter referred to as "EIR", whose

principal place of business is 15732 Los Gatos Blvd, PMB 525, Los Gatos, California. 950322504 and

JM International LLC, hereinafter referred to as "JMI", whose principal business residence is 8989 North

Gainey Center Drive #138, Scottsdale, Arizona 85258.


Whereas, EIR desires to retain the services of JMI acting as an intermediary/finder/consultant to

facilitate the procurement of the following:


A.) To either directly or indirectly introduce EIR to a funding source for the purpose of securing funding

to accomplish EIR's expansion goals.  EIR shall approve introduction to funding source first. Additionally,

the scope of this contract may also include strategic jointventure alliances or Regulation "S" placements

and is not limited to the equity / debt or the public / private methods of financing.


B.) To either directly or indirectly introduce EIR, which EIR shall approve first, to one or more

prospective clients whereby such introduction produces the successful signing of one or more service

contracts with EIR that also results in a sales order to EIR.


The determination of a direct or indirect introduction shall be decided based upon the following

interpretations,


1a.) "Direct" shall include all approved projects where JMI introduces EIR directly to the funding

sources/client and participates in the negotiations leading to the contractual signing of said project.

1b.) "Indirect" shall include any and all approved third party introductions that JMI introduces to EIR the

result of which leads to the signing of a contractual project and a sales order to EIR with that specific

third party within the term of this Agreement. "Indirect" shall also include any and all subsequent

parties introduced to EIR by JMI's third party referral the result of which leads to the signing of a

contractual project and a sales order with that specific subsequent party within the term of this

Agreement, but "Indirect" does not include parties introduced to EIR such by subsequent parties.

Whereas, EIR will cooperate with JMI and use its best efforts to furnish JMI with all pertinent

information and appropriate data concerning such financings.

Whereas, notwithstanding any provision of this Agreement EIR acknowledges that JMI  is not acting as a

BrokerDealer, but as a Finder/Consultant by introducing EIR to prospective investors, sources of funding

and a potential user client base.

Whereas, it is agreed that neither one of the parties will contact in any manner a third party introduced

by the other party to this Agreement, except with expressed consent in writing.

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In consideration of the mutual benefit, promises and covenants contained herein, and for other good

and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as

follows:


Article I. Retainer


EIR shall retain the services of JMI for a retainer fee of $3,000.00 (Threethousand) a month, which shall

be accumulative and payable to JMI only upon receipt of funds raised by JMI for EIR. Only upon JMI

securing funding for EIR for which EIR receives such funds, payment to JMI shall be payable by corporate

check or wire transfer and due in like manner on the 15th day of the subsequent month following

receipt of funds by EIR. It is further agreed to by the parties that any and all retainer fees due or to come

due during the term of this Agreement shall be directly deducted from JMI'S "SUCCESS FEE" upon

receipt of funds (referred to also as “Closing”) by EIR from a transaction or contract described in A or B

above.


Article II. Success Fee


With respect to transactions described in A. above, the Success Fee to be paid to JMI by EIR shall be paid

only upon receipt of funds by EIR. The "SUCCESS FEE" amount resulting from funding by JMI’s efforts

shall be 3% (Three Percent) in equity and 3.0% (Three percent) from actual funds raised.

In regards to equity, should JMI successfully obtain for EIR any funding on or after September 1, 2011,

for which EIR shall be in receipt of such funds, JMI will be issued 3% (Three Percent) of the fully diluted

outstanding stock of EIR, subject to JMI executing and delivering to EIR a shareholder's Agreement

containing rights and other customary restrictions on the transferability of stock in a privately held

company in accordance to securities laws.


With respect to transactions described in B. above, JMI shall be entitled to a Success Fee of 12.0%

(Twelve Percent) based on current dealer cost  payment received by EIR on a sales order less

transportation costs, duties, applicable federal, state, and local taxes, manufacturer's warranty charges,

discounts, allowances, and other direct reductions to purchase prices, generated by any and all direct

introductions, and Success Fee of 3.0% (Three Percent) of the gross margin revenue generated by any

and all third party or indirect introductions. (As previously stated in paragraph B., 1a., 1b.). The Success

Fee under the transactions described in B. shall only be applicable to EIR’s software products and not on

orders for shipments for any hardware items, nonproduction item, such as nonrecurring engineering

(NRE) items, services or products,  nonrevenue experimental samples, demos, tools, equipment,

development or nonrevenue prototype Products, nonrevenue demonstration systems, special testing,

paperwork, etc.


The Success Fees shall apply to transactions described above as a result of EIR receipt of funds during

the term of this Agreement, but not thereafter.


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Article III. Expenses


EIR will be responsible for all reasonable, direct travel expenses incurred by JMI regarding the proposed

financing.  Such expenses shall be subject to prior approval by EIR. When possible, such expenses are to

be paid in advance. Additional expenses such as meals, entertainment and rental cars are to be paid

when JMI sends EIR the appropriate receipts for reimbursement only upon prior approval by EIR.



Article IV. Information Warranty


EIR represents and warrants that all information made available to JMI will, at all times during the

period of engagement of JMI hereunder, be complete and correct in all material fact or, upon EIR

learning of material inaccuracies, shall use its best efforts to promptly make the material complete and

correct.


Article V. Continuing Involvement


This is to confirm that each of the named signatories, separately and individually, hereby agree that

he/they will not make any contact with, deal with or otherwise be involved in any transaction(s) with

any broker / dealer, bank or lending institutions, trusts, pension funds, corporations, companies or

individuals, lenders or borrowers, buyers or sellers introduced by another of the signatories, and/or

third party or subsequent referrals by such third parties separately and individually without specific and

agreed to permission of the introducing signatory or signatories. Further, the parties to this contract

hereby agree that if JMI successfully and timely obtains funding, EIR will give first good faith

consideration, taking into account the best interests of EIR, to using the services of JMI in placing

subsequent financings desired by EIR during the term of this Agreement.

This section does not limit the EIR from seeking its own fundraising efforts and activities from other

sources and engaging in their own business activities. EIR is currently working with other sources on

fundraising efforts and engaging in other business activities. On funds raised from other sources, JMI will

not receive any Success Fees resulting on those funds raised by other sources as a result of EIR’s efforts.

On business transactions as a result of EIR’s efforts, JMI will not receive any Success Fees on revenues

raised.


Article VI. Term and Termination


The initial term of this Agreement shall be from the date hereof until August 31, 2013 unless the parties

agree to terminate earlier or extend it on a month to month basis thereafter. If no funds are raised by

JMI within twelve (12) months starting from the date of this Agreement, EIR has the right to

immediately terminate this Agreement.  With respect to only transactions in B. above, term shall be

extended for an additional one (1) year following termination of this Agreement.

Either party shall have the right to terminate this Agreement immediately in its entirety, for cause and

breach, forthwith at any time, by giving written notice to the other party in the event that the other party:

(i) commits a noncurable default or violation of this Agreement; (ii) commits a curable default or violation

of this Agreement which is not remedied within thirty (30) days after written notice thereof; or (iii) becomes

insolvent, or has a petition filed against it as bankrupt or insolvent, or executes an assignment for the

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benefit of creditors, or has a receiver appointed for any reason, with termination in such cases being

effective as of the date of the happening of the contingency referred to.


Article VII. Governing Law; Jurisdicition

The Agreement, and the performance or breach thereof, shall be governed by, construed and

interpreted in accordance with the laws of the State of California, United States of America, without

giving effect to principles of conflicts of law.

Any dispute, controversy, claim, or difference arising out of, or in connection with, or resulting from this

Agreement, its application or interpretation, or a breach thereof, which cannot be settled amicably by the

parties, shall be resolved definitively and exclusively by arbitration under the Rules of Procedure of the

American Arbitration Association (the "Rules") then prevailing for which arbitration shall determine location

for arbitration.  Arbitration shall be by a single arbitrator chosen by the parties, provided that if the parties

fail to agree and to appoint such single arbitrator within thirty (30) calendar days after demand for

arbitration, then the arbitrator shall be chosen in accordance with the Rules.  It is agreed that all

documentary submissions, presentations, and proceedings shall be in the English language.  The decision of

the arbitrator shall be final and binding on the parties, and judgment upon any award rendered may be

entered in any court having jurisdiction thereof.


Article VIII. Remedies; Attorneys’ Fees


In any arbitration arising out of or related to this Agreement, the arbitrator(s) shall award to the

prevailing party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing party in

connection with the arbitration.


If the arbitrator(s) determine a party to be the prevailing party under circumstances where the

prevailing party won on some but not all of the claims and counterclaims, the arbitrator(s) may award

the prevailing party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by

the prevailing party in connection with the arbitration.


Article IX. Amendments


Any term of this Agreement may be amended with the written consent of JMI and EIR.  Any amendment

or waiver affected in accordance with this Section shall be binding upon the PARTIES and their

respective successors and assigns.  Failure to enforce any provision of this Agreement by a Party shall

not constitute a waiver of any term hereof by such Party.


Article X. Counterparts


This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an

original and all of which together shall constitute one (1) instrument.


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Article XI. Entire Agreement


This Agreement is the product of both of the PARTIES hereto, and constitutes the entire Agreement

between such PARTIES pertaining to the subject matter hereof, and merges all prior negotiations and

drafts of the PARTIES with regard to the subject matter of this Agreement.


Article XII. Warranties


NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, NEITHER DISCLOSING PARTY

MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY NATURE WHATSOEVER WITH RESPECT TO ANY

INFORMATION DISCLOSED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY

OR FITNESS FOR A PARTICULAR PURPOSE OR AGAINST INFRINGEMENT.

Article XIII. Assignment or Subcontracting

This Agreement shall not be assigned by JMI to any JMI Affiliate or any third party without the prior

written consent of EIR.  JMI shall not subcontract this Agreement or any portion of the services to be

performed by JMI hereunder without the prior written consent of EIR.

Article XIV. Confidentiality

EIR and JMI acknowledge that during the course of this Agreement, JMI will become acquainted with

and will have access to certain of EIR’s information that is of a confidential and proprietary nature.  The

EIR and JMI further acknowledge that disclosure of such information could cause irreparable harm to EIR

that would not be compensable by money damages.  Accordingly, JMI hereto agrees to keep such

information confidential and shall not disclose or allow disclosure to any third persons without the

consent of EIR except as required by law or competent authority.  In the event that there is a breach or a

threatened breach of this confidentiality agreement, JMI agrees that EIR shall have an immediate right

to seek injunctive relief against JMI in addition to money damages.


DATED as of the Effective Date written above.


ECLIPSE IDENTITY RECOGNITION CORPORATION

JM INTERNATIONAL LLC


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By:

By:

Name:  Stephen Miller

Name:  Joseph K. Petter

Title:    Chief Executive Officer

Title:    Managing Partner


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