Extension of Consulting Agreement between Synthesis Energy Systems, Inc. and Lorenzo Lamadrid
Synthesis Energy Systems, Inc. and Lorenzo Lamadrid have agreed to extend the term of their existing consulting agreement, originally dated May 30, 2006 and previously amended. The agreement, which had expired on December 31, 2013, is now extended to December 31, 2014, and will automatically renew for one-year terms unless the company provides at least 30 days' written notice before the end of the current term. All other terms of the original agreement remain unchanged.
April 11, 2014
Mr. Lorenzo Lamadrid
| Re: | Extension of Consulting Agreement |
Dear Lorenzo:
This letter relates to your consulting agreement with us dated May 30, 2006, as amended on August 15, 2010. The term of the consulting agreement expired on December 31, 2013. By execution of this letter, you acknowledge and agree that the term of the consulting agreement shall be extended to December 31, 2014, and shall be automatically renewed for successive one year terms on each anniversary of such date, unless written notice of nonrenewal is delivered by the Company to you at least 30 days before the end of the then current term. This letter does not affect any other terms of your consulting agreement as previously amended. If you have any questions regarding this matter, please let me know.
SYNTHESIS ENERGY SYSTEMS, INC.
___/s/ Robert Rigdon_________________
Robert Rigdon
President and Chief Executive Officer
ACKNOWLEDGED AND AGREED
as of April 11, 2014
___/s/ Lorenzo Lamadrid_______________
Lorenzo Lamadrid
