SEC Contract Filing

Filing Date: 2020-05-20

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

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<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Executive Services Agreement</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">THIS AGREEMENT is entered into and effective
this 19<SUP>th</SUP> day of May, 2020 to commence on May 26, 2020 by and between 3D Systems Corporation, hereinafter referred to
as &ldquo;3D Systems&rdquo;, and Mr. Wayne Pensky hereinafter referred to as &ldquo;Executive&rdquo;.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">WHEREAS, 3D Systems hereby engages Executive
as an independent contractor to render specific services as Interim Chief Financial Officer to 3D Systems as directed by the President
and Chief Executive Officer of 3D Systems (the &ldquo;Services&rdquo;).</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, the parties intending to be
legally bound have entered into the following Agreement:</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
will perform Services for 3D Systems, reporting to the President and Chief Executive Officer at such place(s) to which the parties
have mutually agreed.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
represents that he possesses the requisite expertise and technical ability to perform the Services.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
will devote such time as is reasonably necessary to complete the Services on such timelines as mutually agreed-upon between the
parties.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation:
3D Systems shall pay Executive Thirty Thousand Dollars ($30,000) per calendar month. Compensation will be pro-rated for Services
provided during any partial calendar month. Executive shall present to 3D Systems invoices for Services rendered; 3D Systems shall
pay all invoices within fifteen (15) days after the later of receipt of invoice and approval of the Services by 3D Systems, provided
that other conditions to payment set forth in this Agreement are met. No payments will be made for services rendered by Executive
other than the Services unless such services are approved in writing by 3D Systems as amendments to this Agreement.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3D
Systems will pay for pre-approved business class travel costs and related expenses incurred on behalf of 3D Systems by Executive
so long as such travel costs are incurred pursuant to 3D Systems&rsquo; Travel Policy.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
is responsible for paying when due all income taxes, including estimated taxes, incurred as a result of the compensation paid by
3D Systems to Executive for Services under this agreement. On request, Executive will provide 3D Systems with proof of timely payment.
Executive agrees to indemnify 3D Systems for any claims, costs, losses, fees, penalties, interest, or damages suffered by 3D Systems
resulting from Executive&rsquo;s failure to comply with this provision.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Executive agrees to perform the Services hereunder solely as an independent contractor. The parties to this Agreement recognize
that this Agreement does not create any actual or apparent agency, partnership, franchise, or relationship of employer and employee
between the parties.</P>

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<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Further, the Executi