SEC Contract Filing

Filing Date: 2022-02-01

Document Content:
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<TYPE>EX-10.1
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<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <title>SusGlobal Energy Corp.: Exhibit 10.1 - Filed by newsfilecorp.com</title>
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 <p style="text-align: right;"><b>Exhibit 10.1</b></p>
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 <p style="text-align: center;"><b>CFO CONSULTING AGREEMENT</b></p>
 <p style="text-align: justify;">THIS CONSULTING SERVICES AGREEMENT made as of the 1st day of January 2022</p>
 <p style="text-indent: 36pt; text-align: justify;">Between</p>
 <p style="margin-bottom: 0pt; text-indent: 36pt; text-align: justify;"><b>SUSGLOBAL ENERGY CORP.</b></p>
 <p style="margin-top: 0pt; text-indent: 36pt; text-align: justify;">a company incorporated under the Laws of Delaware (the "Company")</p>
 <p style="margin-bottom: 0pt; text-indent: 36pt; text-align: justify;">and</p>
 <p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt; text-align: justify;"><b>SUSGLOBAL ENERGY CANADA CORP.</b></p>
 <p style="margin-top: 0pt; text-indent: 36pt; text-align: justify;">a company incorporated under the Laws of Canada (the "Company")</p>
 <p style="text-indent: 36pt; text-align: justify;">and</p>
 <p style="margin-bottom: 0pt; text-indent: 36pt; text-align: justify;"><b>IKE MAKRIMICHALOS</b></p>
 <p style="margin-top: 0pt; text-indent: 36pt; text-align: justify;">an individual subject to the Laws of Canada (the "Contractor")</p>
 <p style="text-align: justify;">IN CONSIDERATION of the mutual agreements herein contained and of other good and valuable consideration (the receipt and sufficiency of which are acknowledged by each party), the parties agree with one another as follows:</p>
 <p style="text-align: justify;"><b>1. Definitions. </b>Capitalized terms and expressions not otherwise defined herein have the meanings to them in Schedule A.</p>
 <p style="text-align: justify;"><b>2. Engagement. </b>The Company hereby engages the Contractor to provide the services (the "<b>Services</b>") of Chief Financial Officer (the "<b>CFO</b>") of the Company, subject to the directions of the Chief Executive Officer (the "<b>CEO</b>"), and as agreed in the job description (Exhibit B).</p>
 <p style="text-align: justify;"><b>3. Modification of Duties. </b>Subject to Section 10(c), the scope of the Contractor's duties may be changed from time to time by the CEO or the Board of Directors of the Company without thereby terminating this Agreement. If so changed, the Contractor's engagement with the Company shall be construed continuing under this Agreement, as modified in accordance with such determination by the CEO or the Board of Directors.</p>
 <p style="text-align: justify;"><b>4. Independent Contractor. </b>The Contractor shall be an independent contractor and not a servant, employee or agent of the Company. The Company may from time to time give any instructions to the Contractor it considers necessary in connection with the provision of Services but the Contractor shall not be subject to the control of the Company in respect of the manner in which such instructions are carried out. The Contractor will perform his services from the location of the Company office and where required, attend meetings and conference calls from other locations, as required.</p>
 <p style="text-align: justify;"><b>5. Compliance with Laws. </b>The Contractor shall comply with all applicable laws, rules and regulations and shall pay any and all taxes, (including the Harmonized Sales Tax ("HST") and the Canada pension plan contributions), that it is subject to, as well as compliance with other contributions and assessments, including those under any applicable workers compensation legislation, and any other statutorily prescribed payment or assessment of any nature that are payable by virtue of the independent contractor relationship between the Contractor, its personnel if any, and the Company.</p>
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 <p style="text-align: right;"><b>Exhibit 10.1</b></p>
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 <p style="text-align: justify;"><b>6. Contractor is a Key Contractor</b>. The Contractor's position is a key position in the Company, and the Contractor shall provide the Services diligently and faithfully and devote his time, attention and energy to the performance of the duties of the Contractor under this Agreement with the degree of care, skill and expertise as is the industry standard and in accordance with applicable laws.</p>
 <p style="text-align: justify;"><b>7. Non-exclusivity of Services. </b>The Company acknowledges that the Contractor may, from time to time, provide services to other persons, firms and companies during the term of this Agreement, but the Contractor shall not provide such services if the ability of the Contractor to provide such Services is hereby materially diminished or impaired. Except as expressly provided in this Agreement, the Contractor shall have the right independently to engage in and receive full benefits from business activities, providing such activities are not competitive with the Company's activities. In the event a conflict of interest arises, the Contractor agrees to inform the Company as soon as possible and the Company and the Contractor agree to use their best efforts to come to a mutually agreeable solution to the situation.</p>
 <p style="text-align: justify;"><b>8. Duration and Term of Engagement</b></p>
 <p style="text-align: justify;">The engagement of the Contractor with the Company is for a term (the "<b>Term</b>") of 12 months beginning on the Effective Date, as hereinafter defined.</p>
 <p style="text-align: justify;"><b>9. Fee for Services</b></p>
 <p s