CONSULTING AGREEMENT AMENDMENT
Exhibit 10.1
CONSULTING AGREEMENT AMENDMENT
CONSULTING AGREEMENT AMENDMENT (this
“Amendment”), effective as of January 1, 2020, by and
among Pharma-Bio Serv, Inc., a Delaware corporation (the
“Company”), Strategic Consultants International, LLC, a
Puerto Rico registered Limited Liability Corporation (the
“Consultant”), and Xxxxxxxxx Plaza, residing in Dorado,
Puerto Rico (“Plaza”).
W I T N
E S S E T H:
WHEREAS, the Company, Consultant and Plaza have entered into
that certain Consulting Agreement, effective as of January 1, 2014,
as such Consulting Agreement has been and may be amended, restated
or otherwise modified from time to time (the "Consulting
Agreement"). Capitalized terms used but not defined herein shall
have the meaning ascribed to such terms in the Consulting
Agreement; and
WHEREAS, the Company, Consultant and Plaza desire to modify
the Consulting Agreement.
NOW THEREFORE, for good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, the parties
hereto agree as follows:
1.
The following shall
be added to the end of Section 2 of the Consulting
Agreement:
This
Agreement shall be extended through December 31, 2020. For purposes
of this Agreement, “Extension Term” shall mean the
period from January 1, 2020 through December 31, 2020. All
references in this Agreement to the “Term” shall
include the “Extension Term,” unless specifically
indicated otherwise.
2.
All references to
the “year ending October 31, 2019” in Section 5 of the
Consulting Agreement shall be amended and replaced with the
“year ending October 31, 2020.”
3.
Except as expressly
amended by the terms of this Amendment and all prior amendments to
the Consulting Agreement, the terms of the Consulting Agreement
shall remain in effect and are unchanged by this
Amendment.
IN WITNESS WHEREOF, the parties have executed this Amendment
in Dorado, Puerto Rico, this 27th day of December,
2019.
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By:
/s/ Xxxxx X.
Xxxxxxx
Name:
Xxxxx X. Xxxxxxx
Title: Chief Financial Officer and Vice
President-Finance and Administration and
Secretary
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STRATEGIC CONSULTANTS INTERNATIONAL LLC:
By:
/s/ Xxxxxxxxx
Plaza
Name:
Xxxxxxxxx Plaza
Title:
Consultant
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/s/ Xxxxxxxxx
Plaza
Xxxxxxxxx
Plaza, individually
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