RETIREMENT AND CONSULTING AGREEMENTRetirement and Consulting Agreement • July 1st, 2019 • Friedman Industries Inc • Steel works, blast furnaces & rolling & finishing mills • Texas
This Retirement and Consulting Agreement (this “Agreement”) is made and entered by and among Robert Sparkman (“Executive”), and Friedman Industries, Inc. and its affiliated companies, corporations, partnerships, business associations, parents, and subsidiaries (collectively, “Friedman Industries”). Executive understands that in order to receive the consideration set forth herein, he must (i) execute and return to Friedman Industries this Agreement; and (ii) the seven-day revocation period has passed and Executive has not revoked. Executive understands that this Agreement is void ab initio if he fails to return the executed Agreement by 5:00 p.m. on March 27, 2019. Executive and Friedman Industries are sometimes referred to herein as a “party” and collectively as the “parties.”
