Apollo Marketing LLC
Exhibit 12.2
Apollo Marketing LLC
000 Xxxxx Xxxxxxxx Xx.
Cherryville, NC 28021
January 22, 2018
PERSONAL AND CONFIDENTIAL
0000 Xxxxxxxx Xxxxx Xxxx 00
Mississauga, ON L5L 5S9
Canada
| Attn: | Xxxx Xxxxxx and Xxxxxxx Xxxxxxxx |
Dear Xxxx and Xxxxxxx:
The purpose of this letter is to confirm our mutual understanding regarding the services which have been provided by Apollo Marketing pursuant to the advisory agreement dated as of March 11, 2014, originally between Algae Dynamics Corp. and assigned to Apollo Marketing, as amended (the “Advisory Agreement”). The parties hereby agree to extend the Advisory Agreement to December 31, 2018.
In consideration for the extension of the Advisory Agreement, the Company hereby agrees to vest immediately upon execution hereof all otherwise unvested warrants and to extend the expiry date of the remaining Warrants to December 31, 2018.
Except as modified hereby, the Advisory Agreement shall remain in full force and effect.
| Very truly yours, | |
| X. Xxxxx Xxxxxx | |
| Managing | |
| Member | |
| Agreed and Accepted: |
| Algae Dynamics Corp. | ||
| By: | ||
| Xxxxxxx Xxxxxxxx | ||
| Chief Executive Officer | ||
