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:
CONSULTANCIES AND CONSULTANCIES OF LATAM BY GM LLC,
having an address of 000 Xxxxxxxx Xxxxxxx, Xxxxxx 0000, Xxxxx, Xxxxxx 00000.
(hereinafter called the “Consultant”)
OF THE SECOND PART
WHEREAS the Company and the Consultant entered into an independent contractor agreement dated for reference the 1st day of January, 2020 (the
“Agreement”);
AND WHEREAS the parties are desirous of amending certain terms of the Agreement;
THEREFORE, effective on the date hereof, the Agreement is amended as follows:
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1.
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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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CONSULTANCIES AND CONSULTANCIES OF LATAM BY GM LLC
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/s/Xxxxxxxxx Xxxxxx
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| Authorized Signing Officer | |||||
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