Document:

EX-10.11

 Exhibit 10.11 

CONSULTING FEE AGREEMENT 

This Consulting Fee Agreement (this “Agreement”) is entered to be effective as of March 9, 2019, by and between IES
Holdings, Inc. (hereinafter “IES” or the “Company”) and Robert W. Lewey (hereinafter “Consultant”). 

RECITALS 
 WHEREAS,
until March 4, 2019, Consultant was an officer and director on the Board of Directors of IES, as well as an officer and director of subsidiaries of IES (collectively, the “IES Companies”); 

WHEREAS, commencing on March 11, 2019, Consultant shall serve in a non-officer employee
role for the Company until approximately April 30, 2019; 
 WHEREAS, it is expected that following April 30, 2019,
Consultant will be employed by one of the IES Companies; 
 WHEREAS, Consultant has expertise in the area of IES’s business and
is willing to provide consulting services to IES as set forth herein; and 
 WHEREAS, IES is willing and desires to engage Consultant
as an independent contractor, to the extent that he is at any time during the Term (as defined below) not an employee of any of the IES Companies, on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual promises set forth herein, and intending to be legally bound, the
parties hereto agree as follows: 
 AGREEMENT 
  

	1.	 Term; Termination; Rights on Termination. 

 

	 	(a)	 This Agreement will commence on March 11, 2019, and unless modified by the mutual written agreement of the
parties, shall continue for a period of three (3) months (the “Term”). This Agreement may be terminated at any time, with or without cause, by either party with ten (10) days written notice to the other party.

  

	 	(b)	 In the event IES terminates this Agreement during the Term, other than for Consultant’s willful failure or
negligence in performing the consulting services described on Exhibit A hereof (the “Services”), Consultant shall receive from IES, the monthly Consulting Fee (defined below) then in effect for whatever time period is remaining under the
Term. 

  

	2.	 Compensation. 

 

	 	(a)	 Consulting Fee. In consideration of the Services that may be performed by Consultant, IES agrees to pay
Consultant twenty thousand dollars ($20,000) per month during the 

	 	
Term, or sixty thousand dollars ($60,000) in the aggregate, with monthly payments to be made on or before the last business day of each month during the Term of this Agreement
(“Consulting Fee”). The Company may withhold from any amounts payable with respect to this Agreement such federal, state, local and other taxes as may be required to be withheld pursuant to any applicable law or regulation.

  

	3.	 Terms And Scope Of Services. This Section 3 shall apply only to the portion of the Term, if any,
that Consultant is not an employee of any of the IES Companies. 

  

	 	(a)	 This Agreement shall control and govern all work performed by Consultant. No subsequent variance from,
amendment to or modification of this Agreement shall be binding upon the IES Companies unless it is in writing, expressly provides that it is intended as a variance, amendment or modification and is executed by a fully authorized representative of
the IES Companies. 

  

	 	(b)	 The scope of services to be provided hereunder is set forth in “Exhibit A” hereto and as further
modified and amended under subsequent written agreements between the parties. It is understood that the maximum number of hours of services to be provided hereunder is 20 hours per month, pro-rated for any
partial months, unless otherwise agreed in writing by the parties hereto. 

  

	 	(c)	 All travel and out of pocket expenses incurred by Consultant for the benefit of the IES Companies and in the
performance of this agreement that are preapproved in advance by the Company, shall be reimbursed by the Company within ten (10) business days following presentation of valid expense receipts. 

 

	 	(d)	 Consultant agrees to accept exclusive liability for the payment of any payroll taxes, contributions for
unemployment insurance, old age and survivor’s insurance or annuities, which are based on wages, salaries or other remuneration paid to Consultant; and Consultant agrees to reimburse IES for any of the aforesaid taxes or contributions which by
law IES may be required to pay because of Consultant’s failure to pay the same. 

  

	 	(e)	 The level of Consultant’s services under this Agreement shall be consistent with the incurrence of a
“separation from service” (as defined under Section 409A of the Internal Revenue Code). Consultant acknowledges that the Company makes no warranties as to any tax consequences regarding payment of the Consulting Fee.

  

	 	(f)	 The Consultant, as an independent contractor, shall perform the services rendered under this Agreement. It is
specifically understood and agreed that the manner and means of performing the services required under this Agreement shall be at the sole discretion of the Consultant through use of his independent judgment. 

 

	 	(g)	 The Consultant shall have no authority to bind the IES Companies or any of its officers or employees to any
agreement or to make managerial or Consultant decisions that are binding on the IES Companies. The Consultant shall not be subject to the supervision, direction or control of the IES Companies as to the particular means or methods of performing his
services. However, the IES Companies shall retain the right to review and inspect at any time any part of the work performed by Consultant to assure compliance with customary standards arid specifications. 

	 	(h)	 Upon request or when Consultant’s relationship with the Company terminates, Consultant will immediately
deliver to the Company all copies of any and all materials and writings received from, created for, or belonging to the Company including, but not limited to, those which relate to or contain Proprietary or Confidential Information.

  

	4.	 Entire Agreement. This Agreement contains the entire understanding and agreement between the parties
hereto with respect to its subject matter and supersedes any prior or contemporaneous written or oral agreements, representations or warranties between them respecting the subject matter hereof, other than any Transition and Release Agreement
entered into between Consultant and IES Holdings, Inc. dated on or about the date hereof. 

  

	5.	 Amendment. This Agreement may be amended only by a writing signed by Consultant and by a duly authorized
officer of IES. 

  

	6.	 Remedy for Breach. Should either Consultant or IES resort to legal proceedings to enforce this
Agreement, the prevailing party in such legal proceeding shall be awarded, in addition to such other relief as may be granted, attorneys’ fees and costs incurred in connection with such proceeding. 

 

	7.	 Governing Law. This Agreement shall be construed in accordance with, and all actions arising hereunder
shall be governed by the laws of the State of Texas and any dispute will be resolved in Harris County, Texas. 

  

	8.	 Duplicate. This Agreement may be executed in duplicate originals and is not effective unless signed by
both parties. 

  

							
	Consultant	  		 	IES Holdings, Inc.
				
	 /s/ Robert W. Lewey
	  	        	 	By:	 	 /s/ Gail D. Makode

				
	 Robert W. Lewey
	  		 	Name:	 	 Gail D. Makode

				
		  		 	 Title:
	 	 SVP & General Counsel

 EXHIBIT “A” 

SCOPE OF SERVICES 
 Consultant
shall render such transitional support and individual projects as may be requested by the Chief Executive Officer or Board of Directors of IES from time to time during the Term (the “Services”). 

It is contemplated that the Consultant may not be asked to perform any or all of the specified services above during the performance of this Agreement. At the
same time, it is contemplated that the Consultant may be asked to render and perform other valued consulting services to the Company. 
 All services
rendered and performance thereof shall be at the direction of the Chief Executive Officer or Board of Directors of IES.EX-10.12

 Exhibit 10.12 

SECOND AMENDMENT TO SUBLEASE AGREEMENT 

This Second Amendment to Sublease Agreement is entered into as of May 1, 2019 (the “Sublease Amendment”), by and between TONTINE
ASSOCIATES, LLC, having an office at One Sound Shore Drive, Suite 304, Greenwich, Connecticut 06830 (the “Sublessor”), and IES MANAGEMENT ROO, LP, sharing office space with Sublessor (the “Sublessee” and
the Sublessor, the “Parties”). 
 WHEREAS, the Sublessor and IES SHARED SERVICES, INC. (the “Original
Sublessee”), are parties to a Sublease dated March 29, 2012 (“Original Sublease”), for a portion of the premises (the “Subleased Premises”) located at One Sound Shore Drive, Suite 304, Greenwich,
Connecticut 06830 (the “Lease Premises”), which is leased by Sublessor from Sound Shore Partners LLC pursuant to a Lease Agreement (the “Lease Agreement”); 

WHEREAS, the Original Sublease expired on March 31, 2016 and was amended by that certain First Amendment to the Original Sublease dated
April 1, 2016 between the Sublessor, Original Sublessee and Sublessee (the “First Amendment,” and together with the Original Sublease, the “Sublease”) pursuant to which the Original Sublease was novated with
respect to the Original Sublessee, and the Sublessee was substituted in place of the Original Sublessee under the Sublease, the lease term was extended to June 30, 2019, and the base rent as well as certain other terms of the Sublease were
amended; 
 WHEREAS, Sublessor has renewed its Lease Agreement for the premises effective March 9, 2019 for a term expiring on
December 31, 2019; and 
 WHEREAS, the Parties desire to amend the Sublease, effective as of July 1, 2019 (the “Effective
Date”), as set forth below to extend the term of the Sublease to be coterminous with the renewed Lease Agreement, and to reflect the increased lease rates therein of the Subleased Premises. 

NOW THEREFORE, in consideration for the mutual and reciprocal promises contained herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree to amend the Sublease as follows: 

1.    Term: The term of the Sublease shall be extended for a period of (6) six months commencing on
July 1, 2019 and expiring on December 31, 2019 (the “Extension Period”). 

2.    Rent: The base rent to be paid by the Sublessee for the Extension Period shall be as follows (reflecting the
increased rent under the renewed Lease Agreement): 
 7/1/19 – 12/31/19
                 $8,533.13 per month 

3.    Subleased Premises: The portion of the Subleased Premises shall remain the same at 2,214 sq. ft., or 60% of
the 3,690 sq. ft. total leased premises under the Lease Agreement. 

 4.    Renewal Option: Section 6 of the First Amendment is
hereby deleted in its entirety. Sublessee hereby acknowledges that from and after the Effective Date, Sublessee shall no longer have any right to extend the Sublease, except as may be mutually agreed upon by Sublessee and Sublessor. 

5.    All other terms and conditions of the Sublease shall remain the same and in full force and effect. 

[Signature Page to Follow] 

 IN WITNESS WHEREOF, the parties have signed this Second Amendment to Sublease Agreement as
of the date first written above. 
  

									
	SUBLESSOR:	 	                    	  	SUBLESSEE:
			
	TONTINE ASSOCIATES, LLC, a Delaware limited liability company	 		  	IES MANAGEMENT ROO, LP, a Texas limited partnership
				
	By:	 	 /s/ Jeffrey L. Gendell
	 		  	By: IES OPERATIONS GROUP, INC., its General Partner
					
	Its:	 	 Managing Member
	 		  	By:	  	 /s/ Gail D. Makode

					
		 		 		  	Title:	  	 VP, General Counsel & Secretary

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