Document:

Exhibit 10.3

 

PROMISSORY NOTE

 

	$150,000	As of February 14, 2020

 

Property Solutions
Acquisition Corp. (“Maker”) promises to pay to the order of Jordan Vogel and Aaron Feldman or its successors or assigns
(“Payee”) the principal sum of One Hundred Fifty Thousand Dollars and No Cents ($150,000) in lawful money of the United
States of America, on the terms and conditions described below. Payee can assign this Note and its rights and obligations to any
affiliate of Payee in Payee’s discretion.

 

1. Principal.
The principal balance of this Note shall be repayable on the earlier of (i) December 31, 2020, (ii) the date on which Maker consummates
an initial public offering of its securities (“IPO”) or (iii) the date on which Maker determines to not proceed with
such IPO.

 

2. Interest.
No interest shall accrue on the unpaid principal balance of this Note.

 

3. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
under this Note, including (without limitation) reasonable attorneys’ fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.

 

4. Events of
Default. The following shall constitute Events of Default:

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal of this Note within five (5) business days following the date
when due.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter
amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law,
or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator
(or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the
benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of maker
in an involuntary case under the Federal Bankruptcy Code, as now or hereafter constituted, or any other applicable federal or state
bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs,
and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

     

     

    

 

5. Remedies.

 

(a) Upon the
occurrence of an Event of Default specified in Section 4(a), Payee may, by written notice to Maker, declare this Note to be due
and payable, whereupon the principal amount of this Note, and all other amounts payable thereunder, shall become immediately due
and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything
contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon the
occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of, and all other sums payable
with regard to, this Note shall automatically and immediately become due and payable, in all cases without any action on the part
of Payee.

 

6. Waivers.
Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by
Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting
any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or
sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and
Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution
issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

7. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by Payee with respect to the payment or other provisions of this Note, and agree that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to them or affecting their liability hereunder.

 

8. Notices.
Any notice called for hereunder shall be deemed properly given if (i) sent by certified mail, return receipt requested, (ii) personally
delivered, (iii) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery,
(iv) sent by telefacsimile or (v) sent by e-mail, to the following addresses or to such other address as either party may designate
by notice in accordance with this Section:

 

If to Maker:

 

Property Solutions Acquisition
Corp.

c/o Benchmark Real Estate Group

654 Madison Avenue

Suite 1009

New York, NY 10065

 

    2

     

    

 

If to Payee:

 

Jordan Vogel

c/o Benchmark Real Estate Group

654 Madison Avenue

Suite 1009

New York, NY 10065

 

Aaron Feldman

c/o Benchmark Real Estate Group

654 Madison Avenue

Suite 1009

New York, NY 10065

 

Notice shall be deemed
given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a telefacsimile transmission confirmation,
(iii) the date on which an e-mail transmission was received by the receiving party’s on-line access provider (iv) the date
reflected on a signed delivery receipt, or (vi) two (2) Business Days following tender of delivery or dispatch by express mail
or delivery service.

 

9. Construction.
This Note shall be construed and enforced in accordance with the domestic, internal law, but not the law of conflict of laws, of
the State of New York.

 

10. Severability.
Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

 

IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed the day and year first above written.

 

	
        
	PROPERTY SOLUTIONS ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Jordan Vogel
	 	Name: 	Jordan Vogel
	 	Title:	Co-Chief Executive Officer

 

3Exhibit 10.1

 

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

 

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

 

AMONG:

 

ZOMEDICA PHARMACEUTICALS INC., a body corporate duly incorporated pursuant
to the laws of the State of Delaware and having an office in the City of Ann Arbor, Michigan (hereinafter referred to as the "Corporation");

 

 

 

ZOMEDICA PHARMACEUTICALS CORP., a body corporate duly incorporated pursuant
to the laws of the Province of Alberta and having an office in the City of Ann Arbor, Michigan (hereinafter referred to as the
"Parent")

 

- and -

 

ROBERT COHEN, an individual residing in Eden Prairie, Minnesota, USA (hereinafter
referred to as the "Executive")

 

WITNESSETH

 

WHEREAS, the Executive has been employed by
the Corporation as Interim Chief Executive Officer pursuant to the terms of an executive employment agreement dated June 16, 2020
(the “Prior Agreement”);

 

WHEREAS, the parties hereto with to amend and
restate the Prior Agreement on the terms set forth herein, effective as of the date of the Prior Agreement.

 

NOW THEREFORE, in consideration of the promises
and the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

     

     

    

 

ARTICLE 1

INTERPRETATION

1.1        The phrase "this
Agreement" shall include all terms and provisions of this agreement in writing between the parties hereto, including the recitals.

 

1.2        Wherever in this Agreement
the masculine, feminine or neuter gender is used, it shall be construed as including all genders, as the context so requires; and
wherever the singular number is used, it shall be deemed to include the plural and vice versa, where the context so requires.

 

1.3       Time shall in all respects
be of the essence of this Agreement.

 

1.4        The division of this
Agreement into Articles, Sections and subsections or any other divisions and the inclusion of headings are for convenience only
and shall not affect the construction or interpretation of all or any part hereof.

 

1.5        Each party's rights
may be exercised concurrently or separately and the exercise of any one remedy shall not be deemed an exclusive election of such
remedy or preclude the exercise of any other remedy.

 

ARTICLE 2

TERM OF AGREEMENT

 

2.1        The term of this Agreement
(the "Term") will begin on the date first written above (the "Effective Date") and continue until either the
Corporation or Parent hires a permanent Chief Executive Officer, unless terminated prior to then in accordance with this Agreement.

 

ARTICLE 3

EMPLOYMENT OF THE EXECUTIVE

 

3.1        The Corporation wishes
to employ as of the Effective Date the Executive as Interim Chief Executive Officer (“Interim CEO”) of the Corporation
and the Parent and the Executive wishes to be employed as of the Effective Date by the Corporation on the terms and conditions
set forth herein.

 

3.2        The Executive acknowledges
and agrees that although the Executive will be providing services for the benefit of both the Corporation and the Parent and the
Executive will receive certain benefits from both the Corporation and the Parent under the terms of this Agreement, the Executive’s
employment will be solely with the Corporation and the Corporation will be solely responsible for all employment related obligation
owed to the Executive under this Agreement and any applicable laws.

 

3.3       The Executive shall
report directly to the Parent's Board of Directors (the "Board").

 

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3.4       Upon the termination
of the Term, in the event that the Executive has not had his employment terminated by the Corporation for “Cause,”
the Corporation and/or the Parent and the Executive will enter into a transitional consulting agreement for renewable one-year
terms and containing such other terms and conditions as the parties may agree pursuant to which the Executive will agree to provide
certain consulting services upon request as specified therein. As used herein “Cause” shall mean the occurrence or
omission of any event or action which would entitle the Corporation to terminate the employment and offices of the Executive for
cause, and, without limiting the generality of the foregoing, shall include any of the following: (i) failure of the Executive
to substantially perform his duties to the Corporation and the Parent according to the terms of his employment, after notice by
the Corporation or the Parent of the failure to do so and an opportunity for the Executive to correct the same within a reasonable
time from the date of receipt of such notice; or (ii) willful misconduct or gross negligence by the Executive which is materially
injurious to the Corporation and/or the Parent, monetarily or otherwise; or (iii) theft, fraud or misconduct of a kind that involves
a material degree of dishonesty by the Executive and that if publicly disclosed would tend to bring the Corporation and/or the
Parent into disrepute, including (without limitation) the engaging by the Executive in any criminal act of dishonesty resulting
or intended to result directly or indirectly in personal gain of the Executive at the expense of the Corporation and/or the Parent.

 

ARTICLE 4

PERFORMANCE OF DUTIES

 

4.1        The Executive agrees
to devote his business time, attention, skill and efforts to the faithful performance and discharge of his duties and responsibilities
as Interim CEO in conformity with professional standards, in a prudent and workmanlike manner and in a manner consistent with the
obligations imposed under applicable law. The Executive shall promote the interests of the Corporation, the Parent and each other
corporation or other organization which is controlled directly or indirectly by the Corporation and/or the Parent (each an "Affiliate"
and collectively the "Affiliates") in carrying out the Executive's duties and responsibilities and shall not deliberately
and knowingly take any action, or fail to take any action which failure could, or reasonably be expected to, have a material and
adverse effect on the business of the Corporation, the Parent or any of their Affiliates.

 

4.2        The Executive discloses,
represents and affirms that he has no obligation toward any person or entity, including former employers, that would be incompatible
with this Agreement or that could create an impediment to or conflict of interest with the performance of his duties hereunder.

 

4.3        The Executive may continue
to sit upon the board of directors of any corporations or organizations on which he serves on the Effective Date as long as the
Board and the Executive mutually agree that his membership on any such board of directors does not unreasonably interfere with
the performance of Executive's duties and responsibilities under this Agreement and, solely with the prior written authorization
of the Chair of the Board, the Executive may serve on any other board of directors.

 

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ARTICLE 5

COMPENSATION

 

5.1        Annual Base Salary.
The Corporation shall pay the Executive a base salary (the "Base Salary") which shall be equivalent to THREE HUNDRED
FORTY ONE THOUSAND FIVE HUNDRED DOLLARS US (US$341,500) on an annualized basis, subject to applicable taxable withholding and deductions
and payable in accordance with the Corporation's standard payroll practice for executive officers.

 

5.2        Cash Bonus.
The Executive shall be eligible to earn a one-time discretionary cash bonus (the "Cash Bonus"), in a target amount equal
to Eighty One Thousand Five Hundred US Dollars (US $81,500). The amount of the Cash Bonus, if any, shall be determined by the Board,
in the good faith exercise of its business judgment, at the end of Executive’s employment with consideration of the achievement
of performance objectives established by the Board and the business performance of the Corporation, the Parent and their Affiliates.
The Cash Bonus, if any, will be payable by the Corporation within sixty (60) days following the termination of Executive's employment.

 

5.3        Business Expenses.
The Corporation shall reimburse the Executive, upon presentation of valid receipts or vouchers, for reasonable entertainment, travel,
telephone and other business expenses (including but not limited to expenses incurred in connection with computer repair/maintenance
and office materials), incurred on behalf of or at the request of the Corporation, the Parent or an Affiliate and which are in
accordance with the Corporation's policies and rules; provided, however: (a) the amount of such expenses eligible for reimbursement
in any calendar year shall not affect the expenses eligible for reimbursement in another calendar year; (b) no right to such
reimbursement may be exchanged or liquidated for another benefit or payment; and (c) any reimbursements of such expenses shall
be made as soon as practicable under the circumstances, but in any event no later than thirty (30) days following the submission
of an expense report and confirming receipts.

 

5.4       Benefits. The
Executive shall be entitled to participate in all employee benefit plans made available to other employees of the Corporation,
including health and 401(k) plans, on the same terms as other employees and subject to any qualification period therefor.

 

ARTICLE 6

VACATION

 

6.1        The Executive shall
be entitled to accrue up to three (3) weeks of paid vacation per calendar year in accordance with the Corporation's vacation policy
for executives.

 

ARTICLE 7

STOCK OPTIONS

 

7.1       Following the execution
of this Agreement, the Board shall grant to Executive options to acquire common shares in the capital of the Parent, with the price
and terms of such options to be set forth in a separate agreement between the Parent and the Executive (the “Option Agreement”).

 

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ARTICLE 8

TERMINATION

 

8.1        At-Will Employment.
Nothing in this Agreement shall be construed to alter the at-will employment relationship among the Corporation and the Executive.
Subject to the terms set forth in this Agreement, the Corporation or the Executive may terminate the Executive's employment at
any time for any reason, with or without cause or notice.

 

ARTICLE 9

CONFIDENTIALITY

 

9.1        The Executive acknowledges
that he will receive or conceive, in carrying on or in the course of his work during his employment with the Corporation, confidential
information pertaining to the activities, the technologies, the operations and the business, past, present and future, of the Corporation,
the Parent or their Affiliates or related or associated companies, which information is not in the public domain. The Executive
acknowledges that such confidential information belongs to the Corporation, the Parent and/or their Affiliates and that its disclosure
or unauthorized use could be damaging or prejudicial to the Corporation, the Parent and/or their Affiliates and contrary to their
best interests.

 

9.2        Accordingly, the Executive
agrees to respect the confidentiality of such information and not to make use of or disclose it to, or to discuss it with, any
person, other than in the ordinary course of his duties with the Corporation, the Parent and/or their Affiliates, or as required
under applicable law, without the explicit prior written authorization of the Corporation or the Parent.

 

9.3        This undertaking to
respect the confidentiality of such information and not to make use of or disclose or discuss it to or with any person shall survive
and continue to have full effect notwithstanding the termination of the Executive's employment with the Corporation, so long as
such confidential information does not become public as a result of an act by the Corporation, the Parent or a third party, which
act does not involve the fault of one of its executives.

 

9.4        The term confidential
information includes, among other things:

 

(a) products, formulae, processes and composition of products,
as well as raw materials and ingredients, of whatever kind, that are used in their manufacture;

 

(b) technical knowledge and methods, quality control processes,
inspection methods, laboratory and testing methods, information processing programs and systems, manufacturing processes, plans,
drawings, tests, test reports and software;

 

(c) equipment, machinery, devices, tools, instruments and
accessories;

 

    -5-

     

    

 

(d) financial information, production cost data, marketing
strategies, raw materials supplies, suppliers, staff and client lists and related information, marketing plans, sales techniques
and policies, including pricing policies, sales and distribution data and present and future expansion plans; and

 

(e) research, experiments, inventions, discoveries, developments,
improvements, ideas, industrial secrets and know-how.

 

9.5        The Executive agrees
to keep confidential and not disclose to any third party both the existence and the terms of this Agreement, except if disclosure
is required by applicable law, rule, regulation or the rules of any stock exchange or trading market on which the Parent’s
common shares are then listed or traded. In the event that the Executive is required to disclose the existence or terms of this
Agreement pursuant to subpoena or other duly issued court order, Executive shall give prompt notice to the Corporation and the
Parent of such subpoena or court order to allow the Corporation and/or the Parent sufficient opportunity to contest such subpoena
or court order or to seek an appropriate protective order.

 

9.6        The Executive
acknowledges that he will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure
of a trade secret if (a)  he makes such disclosure in confidence to a Federal, State, or local government official, either
directly or indirectly, or to an attorney and such disclosure is made solely for the purpose of reporting or investigating a suspected
violation of law; or (b) he makes such disclosure in a complaint or other document filed in a lawsuit or other proceeding if such
filing is made under seal.

 

ARTICLE 10

NON-COMPETITION

 

10.1        The Executive shall
not compete with the Corporation, the Parent or any of their Affiliates, directly or indirectly. He shall not participate in any
capacity whatsoever in a business that would directly or indirectly compete with the Corporation, the Parent or any of their Affiliates,
including, without limitation, as an executive, director, officer, employer, principal, agent, fiduciary, administrator of another's
property, associate, independent contractor, franchisor, franchisee, distributor or consultant unless such participation is fully
disclosed to the Board and approved in writing in advance. In addition, the Executive shall not have any interest whatsoever in
such an enterprise, including, without limitation, as owner, shareholder, partner, limited partner, lender or silent partner. This
noncompetition covenant is limited as follows:

 

(a)        As to the
time period, to the duration of the Executive's employment and for a period of one (1) years following the date of termination
of his employment;

 

(b)        As to the
geographical area, the territory in which a specific product had been actively exploited by the Corporation, the Parent and/or
their Affiliates during the period of Executive’s employment;

 

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(c)        As to the
nature of the activities, to duties or activities which are identical or substantially similar to those performed or carried on
by the Executive at or during Executive’s employment.

 

10.2        The foregoing stipulation
shall nevertheless not prevent the Executive from buying or holding shares or other securities of a corporation or entity other
than the Corporation or the Parent whose securities are publicly traded on a recognized stock exchange where the securities so
held by the Executive do not represent more than five percent (5%) of the voting shares of such other corporation or entity and
do not allow for its control.

 

10.3        The Executive also
undertakes, for the same period and in respect of the same territory referred to hereinabove in subsections 10.1(a), (b) and (c),
not to solicit clients or do anything whatsoever to induce or to lead any person to end, in whole or in part, business relations
with the Corporation, the Parent or any of their Affiliates.

 

10.4        The Executive also
undertakes, for the same period and in respect of the same territory referred to hereinabove in subsections 10.1(a), (b) and (c),
not to induce, attempt to induce or otherwise interfere in the relations which the Corporation, the Parent or any of their Affiliates
has with their distributors, suppliers, representatives, agents and other parties with whom any of them deals.

 

10.5        The Executive also
undertakes, for the same period and in respect of the same territory referred to in subsections 10.1(a), (b) and (c), not to induce,
attempt to induce or otherwise solicit the personnel of the Corporation, the Parent or their Affiliates to leave their employment
with the Corporation, the Parent or any of their Affiliates nor to hire the personnel of the Corporation, the Parent or any of
their Affiliates for any enterprise in which the Executive has an interest.

 

10.6        The Executive acknowledges
that the provisions of this Section 10 are limited as to the time period, the geographic area and the nature of the activities
to what the parties deem necessary to protect the legitimate interests of the Corporation, the Parent and their Affiliates, while
allowing the Executive to earn his living.

 

10.7        Nothing in this Section
10 shall operate to reduce or extinguish the obligations of the Executive arising at law or under this contract which survive at
the termination of this Agreement in reason of their nature and, in particular, without limiting the foregoing, the Executive's
duty of loyalty and obligation to act faithfully, honestly and ethically.

 

ARTICLE 11

OWNERSHIP OF INTELLECTUAL PROPERTY

 

11.1        The Executive hereby
assigns and agrees to assign to the Corporation all of his intellectual property rights as of their creation and to make full and
prompt disclosure to the Corporation of all information relating to anything made or designed by him or that may be made or designed
by him during the period of his employment, whether alone or jointly with other persons, or within a period of one (1) years following
the termination of his employment and resulting from or arising out of any work performed by the Executive on behalf of the Corporation,
the Parent or their Affiliates unless specifically released from such obligation in writing by the Corporation's Board of Directors.

 

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11.2        In addition, the Executive
renounces all moral rights in any document or work realized during the period of his employment related to his employment by the
Corporation and the Parent. The Executive acknowledges that the Corporation, the Parent and their Affiliates have the right to
use, modify or reproduce any such document or work realized by the Executive, at its entire discretion, without the Executive's
authorization and without his name being mentioned.

 

11.3        At any time during
the period of his employment or after the termination of his employment, the Executive shall sign, acknowledge and deliver, at
the Corporation's expense, but without compensation other than a reasonable sum for his time devoted thereto if his employment
has then terminated, any document required by the Corporation to give effect to Section 11.1, including patent applications and
documents evidencing the assignment of ownership. The Executive shall also provide such other assistance as the Corporation, the
Parent or their Affiliates may require with respect to any proceeding or litigation relating to the protection or defense of intellectual
property rights belonging to the Corporation, the Parent or their Affiliates. The entirety of this Section 11 shall be binding
on the Executive's assignees and legal representatives.

 

ARTICLE 12

OWNERSHIP OF FILES AND OTHER PROPERTY

 

12.1        Any property of the
Corporation, the Parent or their Affiliates, including any file, sketch, drawing, letter, report, memorandum or other document,
any equipment, machinery, tool, instrument or other device, any diskette, recording tape, compact disc, software, electronic communication
device or any other property, which comes into the Executive's control or possession during his employment with the Corporation
and the Parent in the performance or in the course of his duties, regardless of whether he has participated in its preparation
or design, how it may have come under his control or into his possession and whether it is an original or a copy, shall at all
times remain the property of the Corporation and the Parent and, upon the termination of the Executive's employment, shall promptly
be returned to the Corporation or its designated representative. The Executive may not keep a copy or give one to a third party
without the prior expressly written permission of the Corporation.

 

ARTICLE 13

ENTIRE AGREEMENT AND TERMINATION OF PRIOR CONTRACTS

 

13.1        This Agreement and
the Option Agreement contain the entire understanding of the parties with respect to the matters contained or referred to herein.
There are no promises, covenants or undertakings by either party hereto to the other, other than those expressly set forth herein
and in the Option Agreement. This Agreement supersedes and replaces any earlier agreement, whether oral or in writing or partly
oral and partly in writing, between the parties hereto, or between any party hereto and the corporate representative of any other
party hereto, respecting the provision of services by the Executive to the Corporation or the Parent, including but not limited
to the Prior Agreement.

 

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ARTICLE 14

AMENDMENT OF THE AGREEMENT

 

14.1        To be valid and enforceable,
any amendment to this Agreement must be confirmed in writing by each of the parties hereto.

 

ARTICLE 15

NOTICES

 

15.1        Any notice given hereunder
shall be given in writing and sent by registered or certified mail or hand-delivered. If such notice is sent by registered or certified
mail, it shall be deemed to have been received five (5) business days following the date of its mailing if the postal services
are working normally. If such is not the case, the notice must be hand-delivered or served by bailiff, at the discretion of the
sender. In the case of hand-delivery or service, the notice shall be deemed to have been received the same day. It is agreed that
if the delivery date is a non-business day, the notice shall be deemed to have been received on the following business day.

 

15.2        For purposes of mailed
or hand-delivered notices to be effectively delivered under this provision, the notices must be addressed as follows:

 

(a) For the Corporation or the Parent: 100 Phoenix Drive,
Suite 180 Ann Arbor, Michigan 48108.

 

(b) For the Executive: [**].

 

ARTICLE 16

SUCCESSORS

 

16.1        This Agreement shall
be binding on the successors, assignees and legal representatives of all of the parties hereto.

 

ARTICLE 17

JURISDICTION

 

17.1        This Agreement shall
be governed by and interpreted in accordance with the laws, including conflicts of laws, by the State of Delaware in the United
States of America. Each of the parties hereby irrevocably consents to the jurisdiction of the Courts of the State of Delaware with
respect to any matters arising out of this Agreement.

 

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ARTICLE 18

SEVERABILITY

 

18.1        If any provision of
this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of
this Agreement, which can be given effect without the invalid provisions or applications and, to this end, the provisions of this
Agreement are declared to be severable.

 

ARTICLE 19

MEDIATION

 

19.1        In the event of any
dispute arising under this Agreement, before filing any lawsuit or complaint (except with respect to actions seeking injunctive
relief) the parties shall first attempt to resolve such dispute through voluntary mediation. Any such mediation shall: (1) take
place at a location mutually agreed upon by the parties; and (2) be conducted by a professional mediator mutually agreed upon
by the parties. Each of the parties hereto shall bear their own, respective costs of such mediation; provided, however that each
of the Corporation and the Parent, on the one hand, and the Executive, on the other hand, shall bear one-half the cost of any mediator
appointed by the parties.

 

ARTICLE 20

GENERAL

 

20.1        This Agreement and
the obligations of the Executive hereunder shall not be assigned by either party hereto, in whole or in part, without the prior
consent of the Corporation and the Parent, which consent may be withheld for any reason. The Corporation and the Parent may freely
assign any rights or obligations it may have under this Agreement to any successor or assign.

 

21.2        Each party shall do
and perform all such acts and things and execute and deliver all such instruments and documents and writings and give all such
further assurances as may be necessary to give full effect to the provisions and intent of this Agreement.

 

21.3        The Executive agrees
that after termination of employment hereunder for any reason whatsoever, he will tender his resignation from any position he may
hold as an officer or director of the Corporation, the Parent or their Affiliates.

 

21.4        This Agreement shall
inure to the benefit of and be binding upon the Executive and his executors and administrators and upon the Corporation, the Parent
and their respective successors and assigns.

 

21.5        No party can waive
or shall be deemed to have waived any right it has under this Agreement (including any waiver under this section) except to the
extent that such waiver is in writing.

 

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ARTICLE 22

COUNTERPARTS

 

22.1        This Agreement may
be executed in counterparts, each of which shall be deemed one and the same Agreement.

 

[Reminder of page intentionally left blank.]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF the parties have executed this Agreement as of
the date and year first above written.

 

	 	 	ZOMEDICA PHARMACEUTICALS, INC.
	 	 	 
	 	 	ZOMEDICA PHARMACEUTICALS CORP.
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	/s/ Jeffrey Rowe	 
	 	 	Jeffrey Rowe	 
	 	 	Chairman of the Board of Directors	 
	 	 	 	 
	 	 	/s/ Robert Cohen	 
	Witness	 	Robert Cohen	 
	Name:	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

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