SEC Contract Filing

Filing Date: 2018-06-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exh_103.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>CONSULTING AGREEMENT</B></P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 34.55pt; margin: 0pt 0">This CONSULTING AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;)
is entered into as of June 1, 2018 by Synthesis Energy Systems, Inc., a Delaware corporation (&ldquo;<B><I>SES</I></B>&rdquo;),
with a place of business at Three Riverway, Suite 300, Houston, Texas 77056, and Henmead Enterprises, Inc. (&ldquo;<B><I>Consultant</I></B>&rdquo;),
with a place of business at 784 Park Avenue, New York, New York 10021.</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">SES desires to retain the services of Consultant
and Consultant desires to perform certain services for SES. In consideration of the mutual covenants and promises contained in
this Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereby agree as follows:</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Nature of Services</U>. Consultant will generally provide ongoing advisory services to SES, including such matters
as specifically requested by the President and Chief Executive Officer of SES (the &ldquo;<B><I>CEO</I></B>&rdquo;) or the board
of directors of SES (the &ldquo;<B><I>Board</I></B>&rdquo;), altogether (the &ldquo;<B><I>Services</I></B>&rdquo;)<I>. </I></P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Term and Termination</U>. SES hereby engages and retains Consultant as a consultant, and Consultant hereby accepts
the engagement, beginning on the date of this Agreement and continuing until three (3) months after the date hereof. The term of
this Agreement may be renewed through mutual agreement of SES and Consultant. SES or Consultant may terminate this Agreement at
any time upon thirty (30) days written notice to the other party, <I>provided</I>, <I>that</I>, SES may terminate this Agreement
for Cause at any time and effective immediately. For purposes&nbsp;of&nbsp;this Agreement, &ldquo;<B><I>Cause</I></B>&rdquo; means
(i) the conviction (or plea of nolo contendere or equivalent plea) of Consultant of a felony (which, through lapse of time or otherwise,
is not&nbsp;subject&nbsp;to appeal), (ii)&nbsp;Consultant having engaged in misconduct causing a violation by SES of any state
or federal laws which results in an injury to the business, condition (financial or otherwise), results of operations or prospects
of SES as determined in good faith by the CEO, the Board or a committee thereof, (iii)&nbsp;Consultant having engaged&nbsp;in&nbsp;a&nbsp;theft
of corporate funds or corporate assets of SES or in an act of fraud upon SES, (iv)&nbsp;an act of personal&nbsp;dishonesty taken
by Consultant that was intended to result in Consultant&rsquo;s personal enrichment at the expense of SES, (v) Consultant&rsquo;s
refusal,&nbsp;without proper legal&nbsp;cause, to perform the duties and responsibilities of Consultant&rsquo;s position or any
other breach by Consultant of this Agreement, (vi)&nbsp;Consultant engaging in activities which would constitute a breach of any
SES policies described in Section 9 of this Agreement or any other applicable policies, rules or regulations of SES or (vii) through
inaction, negligence, lack of skills and/or disregard of Consultant duties and responsibilities, Consultant fails to adequately
perform the scope of the duties and responsibilities assigned to Consultant, as determined in good faith by the CEO.</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0"><FONT STYLE="text-transform: uppercase">3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>&#9;<U>Compensation</U>. In consideration for the Services to be rendered by Consultant hereunder and for all rights
and covenants granted herein, SES shall provide Consultant the following compensation:</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Compensation</I>. SES shall pay Consultant a retainer of $3,000 per month. With respect to such compensation, Consultant shall
be paid in accordance with the customary payroll practices of SES and be subject to such deductions, if any, as are required by
applicable law and regulations. Such amounts shall be payable within five (5) business days of the end of each fiscal month.</P>

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