EX-10.1
from 8-K
6 pages
Consulting Agreement This Consulting Agreement Is Made as of This 30th Day of July, 2019, by and Between Schmitt Industries, Inc. (The “Company”) and Sententia Capital Management, LLC (“Consultant”). Recitals: Whereas, the Board of Directors (The “Board”) of the Company Has Appointed Michael R. Zapata (“Zapata”) to Serve as the Company’s President and Chief Executive Officer; Whereas, Zapata Is Owner of the Consultant; Whereas, the Consultant Has Agreed to Provide Such Executive Management Services to the Company, Upon the Terms and Conditions Hereinafter Set Forth. Now, Therefore, for Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, the Parties Hereby Agree as Follows: 1. Engagement. the Company Hereby Agrees to Engage Consultant to Render the Consulting Services Described Herein, and Consultant Hereby Accepts Such Engagement. 2. Term. the Engagement of Consultant by the Company as Provided in Section 1 Shall Commence on the Date Hereof and Continue Through and Until July 31, 2020 Unless Further Extended or Earlier Terminated as Hereinafter Provided (The Period of Such Engagement, the “Term”)
12/34/56