Document:

AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT

    

    

    THIS AGREEMENT is made effective as of the 16th day of December, 2020

    

    

    BETWEEN:

    

    

    FLORA GROWTH CORP., a corporation existing under the laws of the Province of Ontario and having an office at 65 Queen Street West, Suite 900,

    Toronto, Ontario, M5H 2M5 (hereinafter called the “Company”)

     

    

                           OF THE FIRST PART 

    AND: 

      

    

    

    

    DAMIAN LOPEZ CONSULTING PROFESSIONAL CORPORATION, a corporation existing under the laws of the Province of Ontario and having 

    an office at                                                            .

    (hereinafter called the “Consultant”)

    

    

    OF THE SECOND PART

    

    

    WHEREAS the Company and the Consultant entered into an independent contractor agreement dated for reference the 14th day of March, 2019 (the
      “Agreement”);

    

    

    AND WHEREAS the parties are desirous of amending certain terms of the Agreement;

    

    

    THEREFORE, effective on the date hereof, the Agreement is amended as follows:

    

    

    
      

      

      
        	
                1.

              	
                The first sentence of the first paragraph of the Agreement is hereby replaced in its entirely with the following:

              

      

      

    

    The Consultant shall provide consulting services to the Company in the capacity of Vice President – Legal and Strategy.

    
      

      

      
        	
                2.

              	
                The first sentence of the third paragraph of the Agreement is hereby replaced in its entirely with the following:

              

      

      

    

    The base fee (the “Base Fees”) for the Consultant’s services hereunder shall be at the rate of CAD$10,000 per month, plus applicable
      harmonized sales tax, payable in equal monthly amounts in advance on the first business day of each calendar month.

    

    

    
      	
              3.

            	
              A new paragraph 3.1 is hereby added immediately following paragraph 3 as follows:

            

    

    

    

    As additional consideration, the Consultant shall be granted a one-time bonus of CAD$150,000 forthwith following completion of the public listing of the common shares of the
      Company on a stock exchange.

    

    

    
      	
              4.

            	
              Paragraph 12 of the Agreement is hereby replaced in its entirely with the following:

            

    

    

    

    Other than in the context of a Change in Control (as defined herein), the Company may terminate this Agreement without cause by making a lump sum payment to the Consultant that
      is equivalent to 12 months’ Base Fees payable to the Consultant within thirty (30) days of the termination date.

    
      1

      
        

    

    

    

    

    

    
      	
              5.

            	
              All other terms and conditions of the Agreement are hereby reaffirmed.

            

    

    

    

    [THIS SPACE INTENTIONALLY LEFT BLANK]

     

    

     

    

     

    

     

    

     

    

    
      2

      
        

    

    

    

    IN WITNESS WHEREOF this amendment has been executed as of the day, month and year first above written.

    

    

    

    

    
      

      

      

      

      
        	 	 	 	FLORA GROWTH CORP.

              	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
                /s/Deb Battiston

              	 	 
	 	 	 	Authorized Signing Officer 

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	

              	 	
                DAMIAN LOPEZ CONSULTING PROFESSIONAL CORPORATION

              	 
	 	

              	 	 	 
	 	

              	 	
                /s/Damian Lopez

                

              	 
	 	

              	 	Authorized Signing Officer 	 
	 	

              	 	
                

                

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      

      

      

    

    

    

    

  

  3AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT

      

      

      THIS AGREEMENT is made effective as of the 16th day of December, 2020

      

      

      BETWEEN:

      

      

      FLORA GROWTH CORP., a corporation existing under the laws of the Province of Ontario and having an office at 65 Queen Street West, Suite 900,

      Toronto, Ontario, M5H 2M5 (hereinafter called the “Company”)

       

      

                             OF THE FIRST PART

      AND: 

        

      

      

      

      
        JADAN CONSULTING CORPORATION, a corporation existing under the laws of the Province of Ontario and having an office at                             .

        (hereinafter called the “Consultant”)

      

      

      OF THE SECOND PART

      

      

      WHEREAS the Company and the Consultant entered into an independent contractor agreement dated for reference the 14th day of March, 2019 (the
        “Agreement”);

      

      

      AND WHEREAS the parties are desirous of amending certain terms of the Agreement;

      

      

      THEREFORE, effective on the date hereof, the Agreement is amended as follows:

      

      

      
        	
                1.

              	
                Paragraph 12 of the Agreement is hereby replaced in its entirely with the following:

              

      

      

      

      Other than in the context of a Change in Control (as defined herein), the Company may terminate this Agreement without cause by making a lump sum payment to the Consultant
        that is equivalent to 12 months’ Base Fees payable to the Consultant within thirty (30) days of the termination date.

      

      

      
        	
                2.

              	
                All other terms and conditions of the Agreement are hereby reaffirmed.

              

      

      

      

      [THIS SPACE INTENTIONALLY LEFT BLANK]

      
        1

        
          

      

      

      

      IN WITNESS WHEREOF this amendment has been executed as of the day, month and year first above written.

    

    
      

      

      

      

      
        	 	 	 	FLORA GROWTH CORP.

              	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	/s/Damian Lopez

              	 	 
	 	 	 	Authorized Signing Officer 

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	

              	 	
                JADAN CONSULTING CORPORATION

              	 
	 	

              	 	 	 
	 	 	 	 	 
	 	

              	 	
                
                  /s/ Deb Battiston

                

              	 
	 	

              	 	Authorized Signing Officer 	 
	 	

              	 	
                

                

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      

      

      

    

  

  2AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT

    

    

    THIS AGREEMENT is made effective as of the 16th day of December, 2020

    

    

    BETWEEN:

    

    

    FLORA GROWTH CORP., a corporation existing under the laws of the Province of Ontario and having an office at 65 Queen Street West, Suite 900,

    Toronto, Ontario, M5H 2M5

    

    

    (hereinafter called the “Company”)

                                   OF THE FIRST PART

    

    

    AND: 

      

    

    

    

                   2051580 ONTARIO INC., a corporation existing under the laws of the Province of Ontario and having an office at                                                         
      .

    (hereinafter called the “Consultant”)

    

    

    OF THE SECOND PART

    

    

    WHEREAS Mr. Stan Bharti and the Company entered into an independent contractor agreement dated for reference the 14th
      day of March, 2019 (the “Agreement”), as assumed by the Consultant effective March 14, 2019, pursuant to an assignment and assumption agreement dated January 1, 2020;

    

    

    AND WHEREAS the parties are desirous of amending certain terms of the Agreement;

    

    

    THEREFORE, the Agreement is amended as follows:

    

    

    
      

      

      
        	
                1.

              	
                Effective on the date hereof, paragraph 12 of the Agreement is hereby replaced in its entirely with the following:

              

      

      

      

    

    Other than in the context of a Change in Control (as defined herein), the Company may terminate this Agreement without cause by making a lump sum payment to the Consultant that
      is equivalent to 12 months’ Base Fees payable to the Consultant within thirty (30) days of the termination date.

    

    

    
      	
              2.

            	
              All other terms and conditions of the Agreement are hereby reaffirmed.

            

    

    

    

    

    

    [THIS SPACE INTENTIONALLY LEFT BLANK]

    
      1

      
        

    

    

    

    IN WITNESS WHEREOF this amendment has been executed as of the day, month and year first above written.

    

    

    

    

    
      

      

      
        	 	 	 	FLORA GROWTH CORP.

              	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
                /s/Damian Lopez

              	 	 
	 	 	 	Authorized Signing Officer 

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	

              	 	
                2051580 ONTARIO INC.

              	 
	 	

              	 	 	 
	 	 	 	 	 
	 	

              	 	
                /s/Stan Bharti  

              	 
	 	

              	 	Authorized Signing Officer 	 
	 	

              	 	
                

                

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      

      

      

      2AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT

    

    

    THIS AGREEMENT is made effective as of the 16th day of December, 2020

    

    

    BETWEEN:

    

    

    FLORA GROWTH CORP., a corporation existing under the laws of the Province of Ontario and having an office at 65 Queen Street West, Suite 900,

    Toronto, Ontario, M5H 2M5

    

    

    (hereinafter called the “Company”)

    

    

    AND: OF THE FIRST PART

    

    

    FORBES & MANHATTAN, INC., a corporation existing under the laws of the Province of Ontario and having an office at 65 Queen Street
      West, Suite 900, Toronto, Ontario, M5H 2M5.

    

    

    (hereinafter called the “Consultant”)

    

    

    OF THE SECOND PART

    

    

    WHEREAS the Company and the Consultant entered into an independent contractor agreement dated for reference the 14th day of
      March, 2019 (the “Agreement”);

    

    

    AND WHEREAS the parties are desirous of amending certain terms of the Agreement;

    

    

    THEREFORE, effective on the date hereof, the Agreement is amended as follows:

    

    

    
      	
              1.

            	
              Paragraph 12 of the Agreement is hereby replaced in its entirely with the following:

            

    

    

    

    Other than in the context of a Change in Control (as defined herein), the Company may terminate this Agreement without cause by making a lump sum payment to the Consultant that
      is equivalent to 12 months’ Base Fees payable to the Consultant within thirty (30) days of the termination date.

    

    

    
      	
              2.

            	
              All other terms and conditions of the Agreement are hereby reaffirmed.

            

    

    

    

    [THIS SPACE INTENTIONALLY LEFT BLANK]

    

    

    
      1

      
        

    

    

    

    

    

    
      IN WITNESS WHEREOF this amendment has been executed as of the day, month and year first above written.

      

      

      

      

      

      

      
        	 	 	 	FLORA GROWTH CORP.

              	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	
                /s/Damian Lopez

              	 	 
	 	 	 	Authorized Signing Officer 

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	

              	 	
                
                  FORBES & MANHATTAN, INC.

                

              	 
	 	

              	 	 	 
	 	 	 	 	 
	 	

              	 	
                /s/Stan Bharti  

              	 
	 	

              	 	Authorized Signing Officer 	 
	 	

              	 	
                

                

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

      

      

      

      

    

    

    

    

  

  2

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