EX-10.1
from 8-K
7 pages
Executive Service Agreement Parties Liqtech Holding a/S 25121031 Benshøj Lndustrivej 24 9500 Hobro Denmark (The "Company") and Fei Chen Stolbergsvej 23, Dk-2970 Horsholm Denmark (The "CEO") Have Today Made the Following Executive Service Agreement (The "Agreement") 1. Position 1.1. the CEO Takes Up the Position of Managing Director of the Company With Effect From 1 November 2022 or an Earlier Date Agreed Between the Parties and Will Be Registered as Such With the Danish Business Authority. 1.2. as the Parent Company, LiqTech International Inc. ("Liqtech International"), Is Listed on the Stock Exchange, the Ceo's Duties, and the Distribution of Work Between the Board of Directors and the Executive Management, Is Described in the Corporate Charter. 1.3. in Addition to the Managing Director, the Executive Management Consists of the CFO, Simon Seidelin Stadil. 2. Duties and Responsibilities 2.1. the CEO Will Be Responsible for the Day-To-Day Management of the Company and Will Be Accountable to the Company's Board of Directors. 2.2. the CEO Reports Directly to the Board of Directors. 2.3. the CEO Is Responsible to the Board of Directors for Ensuring That the Company's Activities Are Carried on in Accordance With the Company's Articles of Association and the Law. 2.4. the CEO Is Obliged to Loyally Observe the Guidelines and Instructions Issued by the Board of Directors and to Keep the Board of Directors Informed About All Matters Pertaining to the Company Which Are Deemed to Be of Interest to the Board of Directors
12/34/56
EX-10.1
from 8-K
8 pages
1. Position 1.1. the CFO Will Service as Chief Financial Officer of LiqTech International Inc. and Liqtech Holding a/S With Effect From December 1st. 2021. 1.2. as LiqTech International Inc. Is Listed on the NASDAQ Stock Exchange, the Audit Committee Will Prepare Instructions for the Executive Management Describing the Cfo's Duties and Governing the Distribution of Work Between the Board of Directors and the Executive Management. 2. Duties and Responsibilities 2.1. the Cfo's Duties and Responsibilities Comprise: O the CFO Is Subject to Statutory Rules and Liability Responsible to the Group CEO to Perform the Duties as CFO of LiqTech International Inc. the CFO Is Responsible for Company's Complete Financial Controls and Duties as Assigned by the Group CEO of LiqTech International Inc. O the CFO Shall Appoint and Dismiss the Company's Financial Staff and Provides the Financial Staff With Working Areas and Provide Them With Working Authority. O the CFO Shall Be Reported as CFO to the Danish Commerce and Companies Agency. 2.2. the CFO Must Expect Travel Activity. 3. Other Offices Held During the Employment 3.1. the CFO May Not Without Having Obtained the Written Consent of the Group CEO in Each Individual Case Be an Active or Passive Participant in Any Kind of Position, Employment or Office - Whether Paid or Unpaid. 3.2. the CFO May Not Without Having Obtained the Consent of the Group CEO Be a Shareholder, Stakeholder or in Any Other Way Participate Financially in Any Other Undertaking. the CFO Is, However, Entitled to Make Investments in Assets Which Are Usually Subject to Such Investment of Funds. 3.3. the CFO Must, in Compliance With Any Instructions Given by Group CEO, Join the Board of Directors of the Company's Subsidiaries/Consolidated Companies
12/34/56
