EMPLOYMENT AGREEMENT AMENDMENT NO. 1 B E T W E E N: SAMUEL S. ASCULAI of the City of Toronto in the Province of Ontario (hereinafter referred to as the “Executive”) - and - ENHANCE SKIN PRODUCTS INC. a corporation incorporated pursuant to the laws of...
EXHIBIT 99.2
AMENDMENT
NO. 0
X X X X X
X X:
XXXXXX
X. XXXXXXX
of the
City of Toronto
in the
Province of Ontario
(hereinafter
referred to as the “Executive”)
- and
-
a
corporation incorporated pursuant to the
laws of
the State of Nevada
(hereinafter
referred to as the “Corporation”)
WHEREAS
the Corporation and the Executive entered into an employment agreement as of
August 14, 2008 (hereinafter the “Original Employment Agreement”);
AND
WHEREAS the Corporation and Biostrategies Consulting Group Inc. entered into a
Consulting Agreement effective August 14, 2008 (the “Biostrategies
Agreement”);
AND
WHEREAS the Executive is the sole shareholder of Biostrategies Consulting Group
Inc.;
AND
WHEREAS the parties wish to amend the Original Employment
Agreement;
NOW
THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual
covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, it is hereby agreed as
follows:
1.
Article 1.02 of the Original Employment Agreement is hereby amended by added the
following:
For so
long as the Corporation is in compliance with its payment obligations under the
Biostrategies Agreement, the Executive shall not collect a Base Salary for the
period from August 14, 2008 until August 13, 2010.
2. This
Amendment No. 1 shall be an integral part of the Original Employment
Agreement. Except as provided herein, the Original Employment
Agreement shall remain unaffected and in full force and effect.
3. This
Amendment No. 1 is made effective as of August 14, 2008.
4. This
Amendment No. 1and all of the rights and obligations arising herefrom shall be
interpreted and applied in accordance with the laws of the Province of Ontario
and the courts of the Province of Ontario shall have exclusive jurisdiction to
determine all disputes relating to the Agreement and all of the rights and
obligations created hereby. The Executive and the Corporation hereby
irrevocably attorn to the jurisdiction of the courts of the Province of
Ontario.
IN WITNESS WHEREOF the parties here
have caused this Agreement to be executed and delivered as of the date first
above written.
SIGNED, SEALED AND DELIVERED | ) | |||
in
the presence of:
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(Witness) | ) | Xxxxxx X. Xxxxxxx | ||
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Per: | ||||
Xxxxxxxxxxx Xxxxx | ||||
Chief Operating Officer and VP of Sales |