Exhibit 10.8
 
EMPLOYMENT AGREEMENT
 
THIS AGREEMENT made as of March 21, 2014
 
B E T W E E N:
 
Benjamin Ward, an individual resident in the City of Oakville in the Province of
Ontario, (hereinafter referred to as the “Employee”),
 
OF THE FIRST PART,
 
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Canada Cannabis Corp., a company incorporated pursuant to the laws of Ontario,
(hereinafter referred to as the “Employer” or “CCC” or the “Corporation”),

OF THE SECOND PART.
 
THIS AGREEMENT WITNESSES that in consideration of the covenants and agreements
herein contained the parties hereto agree as follows:
 
 
ARTICLE 1 - EMPLOYMENT & REMUNERATION
 
1.01
Employment

 
The Employer hereby agrees to employ the Employee as the President and Chief
Executive Officer (“CEO”) of the Employer, and the Employee hereby agrees to
accept employment with the Employer as the CEO, with all managerial and
executive duties and responsibilities commensurate with such a position all on
the terms and conditions set out in this Agreement.  The CEO shall report
directly to the Board of Directors of the Corporation (the “Board”).

 
(a)
Salary: The Employee’s remuneration will be based on a base wage as well as
bonuses which will be calculated as set out below.  The Employee will be
entitled to an annual base salary of CAD$120,000, less applicable withholding
payments (the “Base Salary”), until it is altered by the mutual consent of both
the Employee and the Employer.

 
 
(b)
Place of Employment:  The Employee shall provide his duties and services to the
corporation at its office in Oakville, Ontario or at such other place as the
Corporation may determine from time to time.

 
 
(c)
Reimbursable Expenses: The Employee shall be reimbursed by CCC periodically for
all ordinary and necessary management expenses incurred by the Employee in the
performance of his duties under this Agreement and the Employee shall provide
vouchers and statements in support of all such expenses.

 
(d)
Bonus: the employee shall be entitled to participate in corporate bonuses as
shall be approved by the Board from time to time based on the achievement of key
milestones determined by the Board.

 
 
 

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(e)
Benefits: the employee shall be entitled to receive such corporate benefits as
may be established by the Corporation from time to time.

 
 
(f)
Periodic Review: The Employee's salary and other benefits will be reviewed
periodically.

 
 
(g)
Vacation: The Employee shall be entitled to 21 days of vacation in each calendar
year, prorated during the first 365 days of the Employee’s employment from the
start of his employment, provided that any vacation taken that is unearned prior
to the termination of the Employee’s employment relationship, shall either be
repaid by the Employee to the Corporation or deducted from any outstanding
amounts owing to the Employee by the Corporation at the time at which this
agreement is terminated by either Party.

 
1.02
Employee Representation

 
The Employee hereby represents and warrants to the Employer that he is not a
party to any agreement which prohibits, restricts or limits in any way his right
or ability to perform the duties and responsibilities as set out under this
Agreement, and that this representation and warranty forms a condition precedent
to this Employment Agreement.
 
ARTICLE 2 - EMPLOYEE’S COVENANTS
 
2.01
Confidentiality/Non-Disclosure

 
The Employee acknowledges that the Confidentiality and Non-Competition Agreement
attached as Schedule “A” hereto forms an integral part of this Agreement, and
that this Agreement and the employment relationship created hereunder, is
conditional on, and will not be valid unless, the Confidentiality and
Non-Competition Agreement attached as Schedule “A” hereto has been executed.
 
The Employee acknowledges and agrees that CCC’s reputation in its industry and
its relationships with its clients, suppliers, employees, partners, management
and agents are the result of hard work, diligence and perseverance on behalf of
the Employer over an extended period of time.  The nature of the Employer is
such that the on-going relationships between the Employer and its clients,
suppliers, employees, partners, management and agents are material and have a
significant effect on the Employer’s ability to continue to obtain business with
respect to both long-term and new opportunities.
 
The Employee, therefore, confirms that:
 
 
(i)
the Confidentiality and Non-Competition Agreement attached as Schedule “A”
hereto forms part of, and is an integral part of, this Employment Agreement; and

 
 
(ii)
all restrictions in the Confidentiality and Non-Competition Agreement attached
as Schedule “A” hereto are reasonable and valid and all defences to the strict
enforcement thereof by the Employer are waived by the Employee.

 
2.02
Termination

 
 
(a)
Subject to (c) below, the Employer may terminate this Agreement upon giving the
employee one year written notice or payment in lieu of notice equal to one
year’s salary. The Employee shall be entitled to no further notice, including at
common law, other than the minimum notice or payment in lieu of notice referred
to herein.

 
 
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(b)
The Employee may terminate this Agreement upon giving the Employer written
notice of twenty-one (21) days.

 
 
(c)
The Corporation may terminate the Employee for cause by providing written
notices to the Executive specifying the event or events upon which the
Corporation is relying on to terminate the Employee for cause. Where an Employee
is terminated for cause in accordance with this subsection the Employee shall
have no entitlement to any further minimum notice or payment in lieu of notice.

 
2.03
Fair and Reasonable

 
The parties confirm that the notice and pay in lieu of notice provisions
contained in Section 2.02 are fair and reasonable and the parties agree that
upon any termination of this Agreement by the Employer or Employee in compliance
with Sections 2.02, the Employee shall have no action, cause of action, claim or
demand against the Employer or any other person as a consequence of such
termination.
 
2.04
Return of Property

 
Upon any termination of this Agreement the Employee shall at once deliver or
cause to be delivered to the Employer all books, documents, effects, money,
securities or other property belonging to the Employer or for which the Employer
is liable to others, which are in the possession, charge, control or custody of
the Employee.
 
ARTICLE 3 – GENERAL PROVISIONS
 
3.1
Benefit of Agreement

 
This Agreement shall enure to the benefit of and be binding upon the heirs,
executors, administrators and legal personal representatives of the Employee and
the successors and permitted assigns of the Employer respectively.
 
3.2
Entire Agreement

 
This Agreement constitutes the entire agreement between the parties with respect
to the subject matter hereof and cancels and supersedes any prior understandings
and agreements between the parties hereto with respect thereto. There are no
representations, warranties, forms, conditions, undertakings or collateral
agreements, express, implied or statutory between the parties other than as
expressly set forth in this Agreement.
 
3.3
Amendments and Waivers

 
No amendment to this Agreement shall be valid or binding unless set forth in
writing and duly executed by both of the parties hereto.  No waiver of any
breach of any provision of this Agreement shall be effective or binding unless
made in writing and signed by the party purporting to give the same and, unless
otherwise provided in the written waiver, shall be limited to the specific
breach waived.
 
3.4
Severability

 
If any provision of this Agreement is determined to be invalid or unenforceable
in whole or in part, such invalidity or unenforceability shall attach only to
such provision or part thereof and the remaining part of such provision and all
other provisions in the Agreement shall continue in full force and effect.
 
 
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3.5
Governing Law

 
This Agreement shall be governed by and construed in accordance with the laws of
the Province of Ontario and the laws of Canada applicable therein.
 
3.6
Attornment

 
For the purpose of all legal proceedings this Agreement shall be deemed to have
been performed in the Province of Ontario and the courts of the Province of
Ontario shall have jurisdiction to entertain any action arising under this
Agreement.  The Employer and the Employee each hereby attorns to the
jurisdiction of the courts of the Province of Ontario provided that nothing
herein contained shall prevent the Employer from proceeding at its election
against the Employee in the courts of any other province or country.
 
3.7
Agreement

 
The Employee hereby acknowledges receipt of a copy of this Agreement duly signed
by the Employer.  The Employee also acknowledges that he has had an opportunity
to obtain independent legal advice regarding this Agreement, understands the
contents of the Agreement, and signed this Agreement freely and voluntarily
without duress or undue influence from any party.
 
 
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IN WITNESS WHEREOF the parties have executed this Agreement.
 
SIGNED AND DELIVERED
   
in the presence of:
)
   
)
   
)
   
)
   
)
   
)
 
Witness
 
/S/ Benjamin Ward
   
Name: Benjamin Ward

 

 
CANADA CANNABIS CORP.
       
By:
/S/ Benjamin Ward
 
Name:
Benjamin Ward
 
Title:
President

 
 
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“A”

CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

WHEREAS Benjamin Ward (hereinafter the “Employee”) and Canada Cannabis Corp.
(the “Employer”) have agreed the Employer will employ the Employee;

AND WHEREAS, the Employer and the Employee (collectively, the “Parties” and
individually a “Party”) each acknowledge that a condition of the Employer’s
employment of the Employee is that the Employee execute this Confidentiality and
Non-Competition Agreement (the “Agreement”);

AND WHEREAS, the Employee acknowledges he has been given adequate time to, and
has undertaken a review of, this Agreement;

NOW, THEREFORE, in consideration of, and as a condition of, his employment with
the Employer and in exchange of other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties hereby
agree as follows:

Confidentiality

1.
Information Defined: As used in this Agreement, the term “Information” includes
any and all oral or written information and trade secrets which are known or
used by the Employer in connection with its business including, but not limited
to,

 
a.
algorithms, formulae, flow charts, sketches, schematics, drawings, models,
plans, specifications, computer programs, source codes, documentation, employed
in the various computer software programs which are owned, licensed or
distributed by the Employer;

 
b.
any plan, model or study belonging to or used by the Employer;

 
c.
all inventions, designs, ideas, programs, works, creations, compilations of
information and analyses belonging to or used by the Employer;

 
d.
manuals, training programs and other documents and procedures developed or
employed by the Employer;

 
e.
information which is provided to the Employer by third parties on the
understanding that such information shall be kept in confidence; and

 
f.
customer and supplier lists, prospective customers, business plans, marketing
strategies and ideas concerning future products.

2.
Employer’s Consent: Where this agreement requires the consent or approval of the
Employer, such consent shall only be deemed to be given if it is received in
writing from a member of the board of directors of the Corporation.

3.
Employee Confidentiality: The Employee shall receive, and maintain in
confidence, any and all Information received from or developed for the Employer
and shall not, directly or indirectly, disclose any Information to any third
party or otherwise give any third party access to any Information, under any
circumstances whatsoever, unless the Employer’s prior written approval is
obtained. The Employee shall use the Information received from the Employer
solely for the purpose of reasonably completing his duties of employment

4.
Employee Obligations: As part of his obligations under this Agreement, the
Employee undertakes:

 
a.
To take all reasonable precautions necessary to assure that third parties will
not gain access to any Information by any act or negligence on the part of the
Employee;

 
 
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b.
To ensure that all samples or documentation which constitute or contain
Information, shall be and remain the property of the Employer and shall upon the
Employer’s  request, immediately be returned to the Employer; and

 
c.
To ensure that all documentation which constitute or contain Information shall
immediately be returned to the Employer upon termination of the employment
relationship, regardless of the reason or nature of the termination of this
relationship.

5.
Exceptions: The obligations of the Parties under this Agreement shall not apply
to any Information:

 
a.
Which was known to the Employee prior to their employment by the Employer, as
evidenced by written proof thereof;

 
b.
Which is now, or hereafter becomes, public knowledge through no fault of the
Employee; or

 
c.
Which is obtained or acquired by the Employee in good faith from an independent
third party, unless the Employee receives such Information from a third party,
either wholly or partly due to the Employee’s role with the Employer.

6.
Ownership of Developments: All right, title and interest in and to any
developments, designs, inventions, improvements, trade secrets, trademarks,
copyrightable material, customer lists, client information, business or
marketing plans or other proprietary information of the Employer which the
Employee has made or conceived of or which the Employee may make or conceive of,
either alone or with other individuals, and either on or off the Employer’s
premises,

 
a.
While providing service to the Employer;

 
b.
With the use of the Employer’s  resources, materials or facilities;

 
c.
Relating to the business of the Employer, including but not limited to any
product or service, either being designed, being developed or completed, of the
Employer; or

 
d.
Relating to or arising from any work performed by the Employee for the Employer,

 
whether in machine readable language or otherwise (the “Developments”), shall be
and remain the exclusive property of the Employer, and the Employer shall own
all copyright, trade secret and any other intellectual property rights therein.
The Employee agrees to inform the Employer promptly and fully of any such
Developments in writing, setting forth in detail the procedures employed and the
results achieved. The Employee agrees to assign to the Employer all of his
worldwide rights, title, and interests in and to, and to assist the Employer in
any manner required to obtain intellectual property protection for, all patent,
trademark, copyright, design right, topography right, trade secrets and other
intellectual or industrial property of any nature whatsoever which the employee
may have in any of these Developments.

7.
Assignment of Moral Rights: The Employee irrevocably waives all moral rights
arising under the Copyright Act (Canada) or any rights to similar effect in any
country or at common law that the employee may have with respect to the
Developments to the extent those rights have not been assigned above.

Non-Competition

8.
Competitive Activity Defined: For the purposes of this Agreement, “Competitive
Activity” is defined as engaging in any business in any other country or place
in which the business is then carried on involving the development and/or
marketing of intellectual property including hardware, algorithms and software
which is primarily deployed in devices for use in electrical power systems.

9.
Employee Non-Competition Obligations: The Employee hereby agrees that, unless he
has obtained the Employer’s prior written consent, he will not, directly or
indirectly, on his own behalf or on behalf of a third party, engage in any
Competitive Activity during his employment with CCC or for a period which is the
greater of (i) a six (6) month period from the date of termination of
employment, or (ii) a period beginning on the date of termination and ending on
the day on which the Employee is entitled to receive his or her final
remuneration from the Corporation (in the alternative, the “Exempt Period”), and
will not during the Exempt Period:

 
a.
become an employee, officer, director, stockholder, principal, associate,
partner, consultant, owner, agent, creditor, independent contractor or
co-venturer of, or engage or participate in any other individual representative
capacity whatsoever, in the conduct or management of, or own or have any stock
or other proprietary or financial interest in, or any other way be interested in
or associated with any other corporation, firm, or business engaged in any
Competitive Activity, except that the Employee shall be free without such
consent to own up to 10% of the capital stock of corporations whose securities
are publicly owned and regularly traded on any national exchange or in the
over-the-counter market;

 
 
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b.
perform any consulting services to any third party which is engaged in a
Competitive Activity without the written approval of a duly authorized
representative of the Employer, which approval the Employer hereby agrees not to
unreasonably withhold; and

 
c.
sell to, accept, cause, attempt to cause or otherwise authorize any other person
or entity to sell to or accept, for or on behalf any party, any such business
from any such customers or prospects of the Employer, except as delineated
above.

10.
Employee Non-Solicitation Obligations: The Employee hereby agrees that, unless
he has obtained the Employer’s prior written consent, he will not, directly or
indirectly, on his own behalf or on behalf of a third party during the term of
their employment with the Employer or for the Exempt Period:

 
a.
solicit, or cause or authorize any other person or entity to solicit any party,
persons or entities who are customers or prospects of the Employer for any
business similar to the business transacted by the Employer or its affiliates;
and

 
b.
solicit, attempt to cause, cause or authorize any other person or entity to
solicit, any employee, consultant or contractor of the Employer or any other
person, who is under contract with or rendering services to the Employer, to
terminate his employment by, or consulting or contractual relationship with the
Employer, or to refrain from extending or renewing the same (upon the same or
new terms), to refrain from rendering services to the Employer, or to become
employed or retained by or to enter into contractual relations with persons or
entities other than the Employer.

General Terms

11.
Acknowledgement of Reasonableness: The Employee understands that the
confidentiality, non-competition and non-solicitation provisions contained in
this Agreement may interfere with the Employee’s ability to secure future
employment or otherwise limit the Employee’s future commercial activities, but
nonetheless acknowledges that the terms herein are reasonable and necessary to
protect the Employer’s legitimate business interests. The Employee therefore
agrees that such terms are valid and enforceable, and affirmatively waives any
argument or defense to the contrary.

12.
Term of Agreement: This Agreement shall remain in effect during the term of the
Employee’s employment with the Employer. Regardless of the circumstances
surrounding the termination of the employment relationship, the Confidentiality
provisions contained in section 1 through 7 shall survive in perpetuity. The
provisions contained in sections 8-10 of this Agreement shall survive for a
period of one (1) year after the termination of the Employee’s employment with
the Employer.

13.
Injunctive Relief: the Employee agrees that any breach or threatened breach by
the Employee of any of the provisions of this Agreement could result in
irreparable harm to the Employer which may not reasonably or adequately be
compensated in damages and that, in the event of any such breach or threatened
breach, the Employer shall be entitled to equitable relief, including but not
limited to temporary, preliminary and permanent injunctive relief enforcing the
specific performance by the Employee or enjoining or restraining the Employee
from any violation or threatened violation of the terms of this Agreement,

 
 
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14.
Waiver of Enforcement: Any failure by the Employer to enforce the strict
performance of, or to seek a remedy for a breach of, any provision in this
Agreement shall not constitute a waiver of the Employer’s right to subsequently
enforce or seek a remedy for such provision or any other provision of this
Agreement.

15.
Severance:  If any of the restrictions contained in this Agreement are deemed to
be unenforceable by reason of the extent, duration or geographical scope
thereof, or otherwise, then the court making such determination shall have the
right to reduce such extent duration, geographical scope, or other provisions
thereof, and in its reduced form such paragraph shall then be enforceable in the
manner contemplated hereby. This section shall survive the termination of the
Employee’s relationship with the Employer hereunder for the periods provided.

16.
Governing Law and Covenant to Jurisdiction:  This Agreement shall be governed by
and interpreted under the laws of the Province of Ontario and the federal laws
of Canada applicable therein.

17.
Independent Legal Advice: The Employee acknowledges that he has had an
opportunity to obtain legal advice in connection with the execution of this
Agreement and that he has read this Agreement in its entirety, understands its
contents and is signing this Agreement freely and voluntarily without duress or
undue influence from any party.

 
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