Advisor Agreement between Spar Group, Inc. and James Brown (January 2022)
Spar Group, Inc. offers James Brown a one-year position as Advisor to its Board of Directors, starting January 26, 2022, for a fee of $55,000 paid in quarterly installments. The offer is contingent on James Brown's resignation and retirement from the Board and approval by the Audit Committee and Board. No extra fees are paid for meeting attendance, but reasonable travel expenses for in-person meetings will be reimbursed. James Brown must confirm no conflicts of interest and agree not to share confidential information from other parties.
Exhibit 10.2
| United States South Africa Brazil Japan |  | Canada Mexico India Australia |
| China | 1910 Opdyke Court, Auburn Hills, MI 48326 | Turkey |
January 25, 2022
Mr. James Brown
(617) 686-4908
Dear James,
On behalf of Spar Group, Inc. (the “Company”), I am pleased to extend to you an offer to serve as an Advisor to the Company’s Board of Directors (the “Board”) for a term of one year, effective January 26, 2022. This offer is contingent upon your submission of a Resignation and Retirement Letter from the Board dated January 25, 2022 and upon approval by the Audit Committee and Board of Directors.
The professional fees for this role will be $55,000 for the term. Payments will be made in equal quarterly installments and will be pro-rated for partial quarters. The Company does not pay incremental fees for attendance of Board meetings or telephone conferences, but if you are requested to participate in person, will reimburse you for prior approved reasonable travel expenses for attending in-person Board meetings, subject to compliance with the Company’s reimbursement policies.
Should you accept this offer, you are representing to us that you (i) do not know of any conflict or potential conflict that would restrict your ability to serve as an Advisor to the Board, and (ii) will not provide the Company with any documents, records, or other confidential information in violation of the rights of other parties.
If this offer is acceptable, please sign and return the original letter and retain a copy for your records.
Congratulations on your new Board Advisor role.
Sincerely,
Mr. Robert Brown
Chairman
ACCEPTED:
Signature: /s/ James Brown Date: January 25, 2022
