AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.4
AMENDMENT TO EMPLOYMENT AGREEMENT
This
agreement (the “Amendment”) is entered into by and
between Xxxxx Xxxxxxxxxxx (“Employee”) and Edesa
Biotech USA, Inc. (the “Company”) to amend the
employment agreement entered into by Employee and the Company as of
December 1, 2020 (the “Agreement”), and shall be
effective as of the date executed by the parties. For good and valuable consideration, the
sufficiency of which is hereby acknowledged, the Employee and the
Company agree as follows:
Section 5.1 of the Agreement is hereby deleted and replaced in its
entirety by the following:
“5.1 Base Salary. As compensation
for Employee’s services, provided Employee is not in default
of any material obligation to the Edesa Entities, the Company shall
pay Employee wages in the gross amount of Two Hundred and Ninety
Thousand Dollars ($290,000) per year (the “Base
Salary”) retroactive to January 1, 2021, subject to legally
required withholding and payable in accordance with the
Company’s usual payroll policies and
practices.”
Except
as expressly set forth above, the Agreement remains unchanged and
in full force and effect. This Amendment may be executed in
counterparts, each of which is deemed to be an original, but such
counterparts together shall constitute one and the same document.
For the purpose of this Amendment, electronic signatures shall be
valid and binding for all purposes. A copy of this signed
Amendment, including a copy transmitted via fax or email, shall be
valid for all purposes to the same extent as a signed
original.
IN WITNESS WHEREOF, the parties have
executed this Amendment.
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XXXXX
XXXXXXXXXXX
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EDESA
BIOTECH USA, INC.
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/s/ Xxxxx Xxxxxxxxxxx
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/s/ Xxxxxxx
Xxxxxxxx
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Xxxxxxx Xxxxxxxx |
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CEO |
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