Extension Letter to Employment Agreement between Synthesis Energy Systems, Inc. and Donald P. Bunnell

Contract Categories: Human Resources › Employment Agreements
Summary

Synthesis Energy Systems, Inc. and Donald P. Bunnell have agreed to extend Mr. Bunnell's employment period, originally set to expire on April 18, 2009, to August 31, 2010. All other terms of the original employment agreement remain unchanged, except for a previously approved increase in Mr. Bunnell's base salary to $15,000 per month. This letter serves as formal acknowledgment and agreement to the extension.

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EX-10.2 2 h67738exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
August 13, 2009
Mr. Donald P. Bunnell
          Re:   Extension of Employment Agreement
Dear Don:
     This letter relates to your employment agreement with us dated July 14, 2006. The employment period, as specified in paragraph 1 of your employment agreement, expired on April 18, 2009. By execution of this letter, you acknowledge and agree that the employment period in your employment agreement shall be extended to August 31, 2010. This letter does not affect any other terms of your employment agreement except that your base salary has previously been increased by the Compensation Committee to $15,000 per month. 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 August 13, 2009
         
     
/s/ Donald P. Bunnell      
Donald P. Bunnell