April 20, 2016 Re: Separation of Executive Employment Agreement and Share Repurchase Agreement Dear Mr. Higgins:Separation of Executive Employment Agreement and Share Repurchase Agreement • May 4th, 2016 • Arbutus Biopharma Corp • Pharmaceutical preparations
This letters confirms the agreement between the Company and you that your employment with the Company shall terminate and the Employment Agreement shall terminate immediately as of the close of business on April 30, 2016 (the “Termination Date”). This letter further confirms the agreement between the Parent and you that the Share Repurchase Agreement, including the Parent’s right to repurchase the Buyback Shares (as defined in the Share Repurchase Agreement), is terminated in its entirety as of the date hereof.
