Suite 1200, 888 Dunsmuir Street Vancouver, BC V6C 3K4 Tel: (604) 629-2991
EXHIBIT 10.3
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Suite 0000, 000 Xxxxxxxx Xxxxxx Xxxxxxxxx, XX X0X 0X0 Tel: (000) 000-0000
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December 11, 2015
Xxxxxx Xxxxxx
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Dear Xx. Xxxxxx,
Re: | Agreement to Continue Employment |
As you know, Lynden Energy Corp. (“Lynden”) may undertake a plan of arrangement which, if completed, will result in a change of control of Lynden (the “Arrangement”). In order to complete the Arrangement if it proceeds, Xxxxxx will need you to continue as its chief financial officer. To entice you to continue in such position until the date on which the Arrangement is effected (the “Effective Date”) and to provide reasonable assistance in the transition to new management of Lynden for a period of 90 days following the Effective Date, Xxxxxx proposes to pay to your company, Timeout Holdings Inc., the sum of CDN$25,000 (the “Final Payment”) plus GST. The Final Payment will be in addition to your current remuneration. Xxxxxx agrees to pay the Final Payment to you by the business day immediately preceding the Effective Date provided that you:
1. | continue as Xxxxxx’s chief financial officer until the Effective Date on the current terms of remuneration (unless altered by mutual written agreement of you and Xxxxxx); and |
2. | execute and deliver on the Effective Date to Xxxxxx a release substantially in the form contemplated under the agreement concerning the Arrangement. |
Please indicate your acceptance of the above by signing where indicated below. We look forward to continuing to work with you and we appreciate your ongoing assistance.
Yours truly,
Lynden Energy Corp. | ||
Per: | /s/ Xxxxx Xxxx | |
Xxxxx Xxxx, CEO and President |
The undersigned accepts the above.
/s/ Xxxxxx Xxxxxx |
Signature |