Amendment to Consulting Agreement between Synthesis Energy Systems, Inc. and LEAP Development, LLC (February 2017)
Synthesis Energy Systems, Inc. and LEAP Development, LLC, represented by Robert Rigdon, have agreed to amend their existing consulting agreement. The amendment extends the agreement by twelve months and increases the monthly compensation for ongoing services to $15,000 until June 15, 2017, or until the agreement is otherwise terminated as specified in the original contract. All other terms of the original consulting agreement remain unchanged.
Exhibit 10.3
February 15, 2017
LEAP Development, LLC
11410 Long Pine Drive
Houston, Texas 77077
Re: Amendment of Consulting Agreement
Dear Robert:
This letter constitutes notice of the automatic twelve month extension and serves as an amendment, effective immediately, to the consulting agreement between you and Synthesis Energy Systems, Inc. (the "Company") dated effective February 15, 2016 (the "Consulting Agreement"). The compensation to be paid to you for Ongoing Services (as defined in the Consulting Agreement) shall be increased to $15,000 per month until June 15, 2017, or subject to the termination provisions in Section 2 of the Consulting Agreement, whichever occurs first.
This letter does not affect any other terms of the Consulting Agreement. If you have any questions regarding this matter, please let me know.
Regards,
/s/ DeLome Fair
DeLome Fair
President and Chief Executive Officer
Synthesis Energy Systems, Inc.
Acknowledged and Agreed on February 15, 2017
/s/ Robert Rigdon
Robert Rigdon
LEAP Development, LLC
Managing Member
