TERMS OF ADVISOR TO THE BOARD AGREEMENTConsulting Services Agreement |
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16 Firebush Road, Levittown, PA | Blackhawk Capital Group BDC, Inc. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Consulting Services Agreement by:
Exhibit
10.1
TERMS
OF ADVISOR TO THE BOARD AGREEMENT
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Parties:
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Blackhawk
Capital Group BDC, Inc., (the “Company”) and Robert S. Tull, Jr.
(“Advisor”), with a residence at 16 Firebush Road, Levittown, PA
19056.
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Effective
Date:
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Closing
of transactions (“Closing”) pursuant to Company’s Regulation E offering
for $5 million (“Offering”).
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Term:
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Three
years (“Term”). After Term, Advisor to the Board Agreement shall be
subject to one-year extension if agreed to in writing by parties.
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Duties:
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Duties
include, serving as Advisor to the Board of the Company. Duties
will
consist of the following: advising the Board on investment decisions
and
strategies, coordinating investment diversification in the strategies
and
analyzing investment opportunities with the Company’s fund manager, and
having an advisory position on the Company’s Investment Commitment
Committee. Advisor shall report to the Chairman of the Board of
Company.
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Compensation:
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To
be determined by the Board following the Effective Date and to
be covered
on the Company’s Director’s and Officers and Errors and Omissions
insurance policies.
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Bonus:
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Bonus
based upon attainment of performance goals established by Board
of
Directors.
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Expenses:
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Advisor
will be reimbursed for all reasonable out-of-pocket business-related
expenses including meals, lodging and travel costs. The Board of
Directors
will adopt a resolution outlining the Company’s expense policy, which will
then govern.
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Vacation:
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Four
(4) weeks paid vacation per year.
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Benefits:
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Participation
in medical plan and eligible to participate in any other Company
benefit
plans.
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Release/Released:
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Advisor
to the Board may be Released from their duties as
follows:
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