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SEC Filings

COSI INC filed this Form 8-K on 02/07/2017
Entire Document

Execution Version
To Consulting Agreement

Company:          COSI, INC.
Independent Contractor Agreement effective as of December 20, 2016

1.     Scope of Services; Schedule.

(a)            Scope of ServicesContractor will perform the duties of Chief Financial Officer, including, without limitation, such additional projects and services as determined to be necessary by Operator and Contractor in connection with the turnaround of the Company (the “Services”).

(b)            Location.  Services will be provided on-site at the Company’s Support Center in the Boston, Massachusetts area, or such other location as agreed to by Contractor and the Company.  Contractor’s position may require travel.

(c)            Schedule.  Contractor will devote his full-time business hours to the Services during the Term of the Agreement.

2.    TermThe Term of this Agreement and Contractor’s engagement shall commence on the Effective Date of the Agreement and shall continue for approximately six (6) months, and thereafter on a month-to-month basis, unless terminated at any time by either party in accordance with Section 4 of the Agreement or otherwise extended.

3.     Compensation; Expenses.

Monthly Fee:  Contractor will be paid at the rate of Twenty-Two Thousand Seven Hundred and 00/100 U. S. Dollars (US$22,700.00) per month during the Term.

Expenses: Contractor will be reimbursed, in accordance with Section 2(b) of the Agreement, up to Five Thousand and 00/100 U. S. Dollars (US$5,000.00) per month.  Additionally, at Contractor’s request and subject to approval of Operator, Contractor may be reimbursed for business expenses in excess of such amount.

Invoices:  Contractor will submit monthly invoices for the Services, in a format agreed to by Contractor and the Company.

Bonus:  Potential bonus TBD.

The Company will pay the recruiting fee for Contractor’s engagement.

Contractor’s Initials
Company’s Initials

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