AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT
AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT
THIS AGREEMENT is made effective as of the 16th day of December, 2020
BETWEEN:
FLORA GROWTH CORP., a corporation existing under the laws of the Province of Ontario and having an office at 00 Xxxxx Xxxxxx Xxxx, Xxxxx 000,
Xxxxxxx, Xxxxxxx, X0X 0X0
(hereinafter called the “Company”)
OF THE FIRST PART
AND:
2051580 ONTARIO INC., a corporation existing under the laws of the Province of Ontario and having an office at
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(hereinafter called the “Consultant”)
OF THE SECOND PART
WHEREAS Mr. Xxxx Xxxxxx and the Company entered into an independent contractor agreement dated for reference the 14th
day of March, 2019 (the “Agreement”), as assumed by the Consultant effective March 14, 2019, pursuant to an assignment and assumption agreement dated January 1, 2020;
AND WHEREAS the parties are desirous of amending certain terms of the Agreement;
THEREFORE, the Agreement is amended as follows:
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1.
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Effective on the date hereof, paragraph 12 of the Agreement is hereby replaced in its entirely with the following:
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Other than in the context of a Change in Control (as defined herein), the Company may terminate this Agreement without cause by making a lump sum payment to the Consultant that
is equivalent to 12 months’ Base Fees payable to the Consultant within thirty (30) days of the termination date.
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2.
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All other terms and conditions of the Agreement are hereby reaffirmed.
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IN WITNESS WHEREOF this amendment has been executed as of the day, month and year first above written.
| FLORA GROWTH CORP. |
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/s/Xxxxxx Xxxxx
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| Authorized Signing Officer |
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2051580 ONTARIO INC.
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/s/Xxxx Xxxxxx
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| Authorized Signing Officer | |||||
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