Document:

Exhibit

Exhibit 10.17

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT (this “Agreement”) is made effective as of January 7, 2019 (the “Effective Date”), by and between Systemax Inc., a Delaware corporation (the “Company”) and Lawrence Reinhold (“Consultant”).

		
	1.
	Engagement of Services.

		
	(a)
	Simultaneously with the Consultant’s ceasing to be an employee of the Company on January 7, 2019 pursuant to the Separation Agreement dated October 4, 2018 between the Consultant and the Company (the “Separation Agreement”), the Company desires to and hereby does engage Consultant to provide certain transition and advisory services to the Company, particularly in his capacity as the former Chief Executive Officer of the Company (the “Services”) during the Term (as defined herein). Company shall request the scope of the work to be performed, but Consultant shall have the ability to reasonably select the means, manner and method of performing these services. Consultant agrees to use his commercially reasonable efforts to deliver the Services, and to give Company the benefit of his experience, knowledge, and skills, including as a former director of the Company familiar with its operations, finances, personnel, mergers and acquisitions efforts, etc., and including assistance with respect to legal matters (including investigations and litigations) arising in the future from events and circumstances that occurred during his tenure as a director of the Company.  In his performance of Services under this Agreement, Consultant will comply with all applicable laws.

		
	(b)
	Consultant shall remain a director of the Company, and be nominated by the Board to be elected by the shareholders of the Company as such,  during the Term, and if so nominated and elected shall serve at least until the 2020 annual meeting of shareholders to elect directors, subject to section 3 hereof; however, that notwithstanding the foregoing, thereafter the Company’s Board of Directors may, in its sole discretion, continue to nominate you to be a member of the Board of Directors for the director term commencing as of that meeting, and thereafter, as applicable.

		
	2.
	Compensation.  For his services under section 1(a), Company equity grants listed on Exhibit A hereto (the “Equity Agreements”) made to the executive prior to the date hereof will vest or terminate, in whole or in part, in accordance with their existing terms, but giving effect to the consultancy hereby entered into simultaneously with the effectiveness of the cessation of employment by the Company referred to above and without break in service; provided however that the Consultant hereby acknowledges and agrees, without additional compensation, that the unvested option grants due to vest at February 1, 2019 and February 1, 2020 (each having an exercise price of $8.31 per share) under the Non-Qualified Option Agreement dated February 1, 2016 were not so extended and terminated as of the Separation Date. The Consultant will receive, for his services set forth in section 1(b) hereof, the amount of cash and equity compensation the Company pays to its non-employee directors (who do not Chair a Committee of the Board) as described in the Company’s 2018 Annual Meeting Proxy Statement, as such compensation may be amended for all the directors from time to time.

		
	3.
	Term; Termination.  This Agreement shall remain in effect from January 7, 2019 through January 7, 2021 (the “Term”), unless extended by mutual written agreement of the parties, or unless earlier terminated as set forth herein.  If either party believes that the other has materially breached this Agreement (including, for example, failure to render satisfactorily to the Company the Services), a written notice will be sent describing the breach and providing the breaching party with ten (10) days, after receipt of notice, to cure.  If the breach is not cured within the ten (10) day cure period, this Agreement may be terminated by the non-breaching party without any further obligation owed to the breaching party. In addition, the Company may terminate this Agreement and end the consultancy 

at any time if, while an employee or consultant for the Company, the Consultant engaged or engages in gross misconduct, illegal or wrongful actions or omissions, or conduct that violated or violates any written material policy of the Company.

		
	4.
	Publicity.  Neither party may issue a press release, public announcement, advertisement or other form of publicity concerning the existence of this Agreement or the terms of this Agreement without obtaining the prior written consent of the other party, provided that the Company may make disclosure pursuant to its obligations under applicable securities laws and regulations and/or requirements of the New York Stock Exchange.

		
	5.
	Independent Contractor Relationship. The relationship between the parties will be that of an independent contractor and nothing in this Agreement should be construed to create a partnership, joint venture or employer-employee relationship.  Consultant is not the agent of the Company and is not authorized to make any representation, contract or commitment on behalf of the Company. 

		
	6.
	Enforceability. The parties agree that, if the scope or enforceability of this Agreement is in any way disputed at any time, a court or other trier of fact may make modifications necessary to correct any unreasonable or unlawful terms and enforce the parties’ intent to the maximum extent that is under the circumstances existing at that time.

		
	7.
	Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

		
	8.
	Indemnification.    The Company hereby confirms to the Consultant that pursuant to the Company’s Certificate of Incorporation (Article NINTH, section 2(b)), the Consultant shall be indemnified and held harmless by the Company in connection with his role as a Consultant hereunder to the fullest extent permitted by Delaware law, and the Company  shall extend to the Consultant the rights of indemnification provided under said Article NINTH to the extent provided to directors of the Company.   

		
	9.
	Entire Agreement.  This Agreement sets forth the entire understanding and agreement of the parties and supersedes any and all oral or written agreements or understandings between the parties as to the subject matter of this Agreement.  This Agreement may be changed only by a writing signed by both parties.  

IN WITNESS WHEREOF, the parties have hereunto executed this Agreement on the date set forth above.

SYSTEMAX INC.

By: /s/ Eric Lerner
Name: Eric Lerner
Title: Senior Vice President

                    

/s/ Lawrence Reinhold
LAWRENCE REINHOLD

2

EXHIBIT A

Equity Agreements

-Restricted Stock Unit Agreement dated February 1, 2016; 16,666 shares vesting on the Separation Date

-Restricted Stock Unit Agreement dated November 11, 2011; 10,000 shares vesting 11/14/18, and 30,000 shares vesting on the Separation Date

-Restricted Stock Unit Agreement dated August 25, 2010; 35,000 shares vesting on Separation Date

-Non-Qualified Option Agreement dated 2/1/16 (exercise price $8.31 per share); 12,500 shares available for vesting on 2/1/19 and 2/1/20.  Unvested shares terminated.  25,000 vested shares exercise period extended.

-Non- Qualified Option Agreement dated 12/14/16 (exercise price $8.95 per share); 25,000 shares available for vesting on 12/14/18, 12/14/19 and 12/14/20

-Non-Qualified Option Agreement dated 5/18/2009 (exercise price $13.19 per share); 50,000 shares vested; exercise period extended

-Non-Qualified Option Agreement dated 11/14/11 (exercise price $14.30 per share); 50,000 shares vested; exercise period extended

3Exhibit 4.1

 

NUMBER UNITS

U-

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP 727653 206

 

PLATINUM EAGLE ACQUISITION CORP.

 

UNITS CONSISTING OF ONE SHARE OF CLASS
A COMMON STOCK AND

ONE-THIRD OF ONE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK

 

THIS CERTIFIES THAT
                           
is the owner of Units of Platinum Eagle Acquisition Corp., a Delaware corporation.

 

Each Unit (“Unit”)
consists of one (1) share of Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”),
of Platinum Eagle Acquisition Corp., a Delaware corporation (the “Company”), and one-third (1/3) of one
redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one
(1) share of Class A Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable thirty (30)
days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or other similar business combination with one or more businesses (each a “Business Combination”) and
will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the
Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”).
The shares of Class A Common Stock and Warrants comprising the Units represented by this certificate are transferable separately.
The terms of the Warrants are governed by a Warrant Agreement, dated as of January 11, 2018, between the Company and Continental
Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which
terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file
at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any
Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar of the Company.

 

This certificate shall be governed by and
construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile signature of its duly
authorized officers.

 

	 	 	 
	Secretary	 	Chairman

 

     

     

    

 

Platinum Eagle Acquisition Corp.

 

The Company will furnish without charge
to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN COM	–	as tenants in common	 	UNIF GIFT MIN ACT	–	____________Custodian__________
	TEN ENT	–	as tenants by the entireties	 	 	 	(Cust) (Minor)
	 		 	 	 	 	 
	JT TEN	–	as joint tenants with right of survivorship and not as tenants in common	 	 	 	under Uniform Gifts to Minors Act
	 		 	 	 	 	(State)

 

Additional abbreviations may also be used
though not in the above list.

 

For value received, hereby sell, assign
and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR

 

OTHER

 

IDENTIFYING NUMBER OF ASSIGNEE

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,
INCLUDING ZIP CODE, OF ASSIGNEE)

 

Units represented by the within Certificate, and do hereby
irrevocably constitute and appoint Attorney to transfer the said Units on the books of the within named Company with full power
of substitution in the premises.

 

 

	Dated:	 	 	 	 
	 	 	 	 	 
	 	 	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

	Signature(s) Guaranteed:	 	 
	 	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE)).	 	 

 

     

     

    

 

As more fully described
in, and subject to the terms and conditions described in, the Company’s final prospectus for its initial public offering
dated , the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account
established in connection with the Company’s initial public offering in the event that (i) the Company redeem the shares
of Class A common stock sold in its initial public offering and liquidates because it does not consummate an initial business combination
within the time period set forth in the Company’s Certificate of Incorporation, as the same may be amended from time to time,
or (ii) if the holder(s) properly redeems for cash his, her or its respective shares of Class A common stock represented by this
certificate in connection with (x) a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval
of the proposed initial business combination) setting forth the details of a proposed initial business combination or (y) a stockholder
vote to amend the Company’s Certificate of Incorporation to modify the substance or timing of the Company’s obligation
to redeem 100% of the Class A common stock if it does not consummate an initial business combination within the time set forth
in the Company’s Certificate of Incorporation, as the same may be amended from time to time. In no other circumstances shall
the holder(s) have any right or interest of any kind in or to the trust account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00293-of-00352.parquet"}]]