Document:

Exhibit 10.12

 

AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED
JULY 15, 2021, BY AND BETWEEN CRYOMASS TECHNOLOGIES INC AND PATRICIA KOVACEVIC

 

This Amendment to the Third
Amended and Restated Employment Agreement by and between Cryomass Technologies Inc, a Nevada corporation, formerly known as Andina Gold
Corp (the “Employer”), and Patricia Kovacevic (“Employee”) (collectively, the “Parties”) dated July
15, 2021 (the “Agreement”), is made and effective as of this 13th day of December 2021 by and between the Parties
(the “Amendment”).

 

W I T N E S S E T H:

 

WHEREAS, Employer and Employee
of their own free will wish to amend the terms of the Agreement,

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Parties agree as follows:

 

		1.	AMENDMENT OF SECTION 2.4 – BENEFITS

 

1.1. Section
4 of the Agreement is amended to read: “Employee shall be entitled to receive such employee benefits as the Company may provide
from time to time to its salaried employees generally, all on the same terms and conditions as such employee benefits are made available
to the Company’s salaried employees. During the calendar year 2021 the Employee will be entitled to six (6) weeks’ paid vacation
and eight (8) paid official holidays, which must be used until December 31, 2021, and shall not carry over into the next calendar year(s).
As of January 1, 2022, and for the entire duration of the Employment Period, as part of the Employee benefits the Employee will be entitled
to paid time off and paid official holidays in accordance with the Employer’s written policy in effect at the time, and which may
change from time to time in the Employer’s sole discretion. Paid time off not used during a calendar year may not be carried over
into the next calendar year.”

 

		2.	MISCELLANEOUS.

 

2.1. Effect
of Amendment. Except as expressly amended hereby, the Agreement shall remain in full force and effect. Any reference to the Agreement
contained in any notice, request or other document executed concurrently with or after the execution and delivery of this Amendment shall
be deemed to include this Amendment unless the context shall otherwise require.

 

2.2. Applicable
Law; Jurisdiction; WAIVER OF JURY TRIAL. This Amendment shall be governed by and interpreted and enforced in accordance with the
laws of the Colorado, without regard to any applicable principles of conflicts of law that might require the application of the laws of
any other jurisdiction. The Parties agree that claims and disputes under this Amendment shall be resolved pursuant to the mechanisms provided
in Section 9.8 of the Agreement. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT AND TO THE AGREEMENT.
Each party hereto (i) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise,
that such party would not, in the event of any action, suit or proceeding, seek to enforce the foregoing waiver.

 

     

     

    

 

2.3. Headings.
The headings and captions set forth herein are for convenience of reference only and shall not affect the construction or interpretation
hereof.

 

2.4. Entire
Agreement. This Amendment sets forth the entire agreement and understanding of the parties with respect to the amendment of the
Agreement, and there are no other contemporaneous written or oral agreements, undertakings, promises, warranties, or covenants not specifically
referred to or contained herein.

 

2.5. Execution
of Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original and all
of which together shall constitute one and the same document. This Amendment may be delivered by electronic (including .pdf format) or
facsimile transmission of an originally executed copy.

 

2.6. Modification.
No provision of this Amendment may be amended, changed, altered, modified, or waived except in writing signed by Employee and an authorized
representative of the Company, which writing shall specifically reference this Amendment, the Agreement and the provision which the parties
intend to waive or modify.

 

2.7. Severability.
Each provision, clause, and/or part of this Amendment is intended to be severable from the other. Therefore, if any provision, clause,
or part of this Amendment, or the applications thereof under certain circumstances, is held invalid or unenforceable for any reason, the
remainder of this Amendment, or the application of such provision, clause, or part under other circumstances, shall not be affected thereby
to the extent permissible pursuant to the laws of Colorado.

 

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

 

	 	 CRYOMASS TECHOLOGIES INC 
	 	 
	 	 
	 	By:	 
	 	 	Name: Philip Blair Mullin
	 	 	Title: Chief Financial Officer
	 	 	 
	 	EMPLOYEE
	 	 
	 	Patricia KovacevicExhibit 10.13

 

THIS NOTE AND THE COMMON SHARES ISSUABLE
UPON CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS
NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

 

CONVERTIBLE TERM NOTE

 

Pursuant to
the Subscription Agreement dated August _______, 2020 by and between Redwood Green Corp., a Nevada corporation (the “Borrower”),
____________ (the “Holder”), Borrower hereby promises to pay to Holder or his registered assigns or successors in interest,
on order, the sum of __________ (the “Principal Amount”), together with any accrued and unpaid interest hereon, on
August 1, 2022 (the “Maturity Date”) if not sooner paid.

 

The following terms shall apply to this
Note:

 

ARTICLE I

INTEREST

 

1.1 Interest
Rate. Interest on the Principal Amount outstanding under this Convertible Term Note (“Note”) shall accrue at a rate per
annum (the “Interest Rate”) equal to eight percent (8%). Interest shall be (i) calculated on the basis of a 360 day year,
and (ii) payable in cash via wire on the Maturity Date whether by acceleration or otherwise (the “Payment Date”). All
payments of both principal and interest shall be made at the address of the Holder as may be designated by the Holder hereof in writing
to Borrower.

 

ARTICLE
II

OPTIONAL REDEMPTION

 

2.1 Optional
Redemption in Cash. The Borrower will have the option of prepaying this Note (“Optional Redemption”) by
paying to the Holder a sum of money equal to one hundred percent (100%) of the principal amount of this Note together with accrued
but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note (the
“Redemption Amount”) outstanding on the day written notice of redemption (the “Notice of
Redemption”) is given to the Holder. The Notice of Redemption shall specify the date for such Optional Redemption (the
“Redemption Payment Date”) which date shall be seven (7) business days after the date of the Notice of Redemption
(the “Redemption Period”). A Notice of Redemption shall not be effective with respect to any portion of this Note
for which the Holder has a pending election to convert pursuant to Section 3.1, or for conversions initiated or made by the Holder
pursuant to Section 3.1 during the Redemption Period. The Redemption Amount shall be determined as if such Holder’s conversion
elections had been completed immediately prior to the date of the Notice of Redemption. On the Redemption Payment Date, the
Redemption Amount must be paid in good funds to the Holder. In the event the Borrower fails to pay the Redemption Amount on the
Redemption Payment Date as set forth herein, then such Redemption Notice will be null and void.

 

     

     

    

 

ARTICLE III

CONVERSION RIGHTS

 

3.1. Holder’s
Conversion Rights. The Holder shall have the right, but not the obligation, to convert all or any portion of the then aggregate outstanding
principal amount of this Note, together with interest and fees due hereon, into shares of Borrower’s Common Stock, par value $0.001
per share (the “Common Stock”) and at a conversion price of $0.10 per share (“Conversion Price”) subject
to the terms and conditions set forth herein. The Holder may exercise such right by delivery to the Borrower of a written notice of conversion
not less than one (1) day prior to the date upon which such conversion shall occur.

 

3.3
Mechanics of Holder’s Conversion. (a) In the event that the Holder elects to convert all or a portion of the outstanding
balance of this Note into Common Stock, the Holder shall give notice of such election by delivering an executed and completed notice of
conversion (“Notice of Conversion”) to the Borrower and such Notice of Conversion shall provide a breakdown in reasonable
detail of the Principal Amount, accrued interest and fees being converted. On each Conversion Date (as hereinafter defined) and in accordance
with its Notice of Conversion, the Holder shall make the appropriate reduction to the Principal Amount, accrued interest and fees as entered
in its records and shall provide written notice thereof to the Borrower within two (2) business days after the Conversion Date. Each date
on which a Notice of Conversion is delivered or telecopied to the Borrower in accordance with the provisions hereof shall be deemed a
Conversion Date (the “Conversion Date”). A form of Notice of Conversion to be employed by the Holder is annexed hereto
as Exhibit A.

 

(b) Pursuant
to the terms of the Notice of Conversion, the Borrower will issue instructions to the transfer agent accompanied by an opinion of counsel
within one (1) business day of the date of the delivery to Borrower of the Notice of Conversion and shall cause the transfer agent to
transmit the certificates representing the Conversion Shares to the Holder. In the case of the exercise of the conversion rights set forth
herein the conversion privilege shall be deemed to have been exercised and the Conversion Shares issuable upon such conversion shall be
deemed to have been issued upon the date of receipt by the Borrower of the Notice of Conversion. The Holder shall be treated for all purposes
as the record holder of such Common Stock, unless the Holder provides the Borrower written instructions to the contrary.

 

3.4
Conversion Mechanics.

 

(a)
The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion
of the principal and interest and fees to be converted, if any, by the applicable Conversion Price.

 

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(b)
On the issue date hereof and until such time as an adjustment shall occur, the Conversion Price shall be $0.10 per share. The Conversion
Price and number and kind of shares or other securities to be issued upon conversion is subject to adjustment from time to time upon the
occurrence of certain events, as follows:

 

A.
Stock Splits, Combinations and Dividends. If the shares of Common Stock are subdivided or combined into a greater or smaller
number of shares of Common Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion Price shall be
proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of
shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears
to the total number of shares of Common Stock outstanding immediately prior to such event.

 

B.
During the period the conversion right exists, the Borrower will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of Common Stock upon the full conversion of this Note. The Borrower represents that upon
issuance, such shares will be duly and validly issued, fully paid and non-assessable. The Borrower agrees that its issuance of this Note
shall constitute full authority to its officers, agents, and transfer agents who are charged with the duty of executing and issuing stock
certificates to execute and issue the necessary certificates for shares of Common Stock upon the conversion of this Note.

 

C.
Reclassification, etc. If the Borrower at any time shall, by reclassification or otherwise, change the Common Stock into
the same or a different number of securities of any class or classes, this Note, as to the unpaid Principal Amount and accrued interest
thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as
would have been issuable as the result of such change with respect to the Common Stock immediately prior to such reclassification or other
change.

 

3.5
Issuance of New Note. Upon any partial conversion of this Note, a new Note containing the same date and provisions of this
Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest
which shall not have been converted or paid. Subject to the provisions of Article IV, the Borrower will pay no costs, fees or any other
consideration to the Holder for the production and issuance of a new Note.

 

ARTICLE
IV

EVENTS OF DEFAULT

 

Upon the occurrence
and continuance of an Event of Default beyond any applicable grace period, the Holder may make all sums of principal, interest and other
fees then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable.

 

The occurrence
of any of the following events set forth in Sections 4.1 through 4.8, inclusive, is an “Event of Default”:

 

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4.1
Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest
or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued
by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment
was due.

 

4.2
Breach of Covenant. The Borrower breaches any covenant or any other term or condition of this Note in any material respect,
in any such case, such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

 

4.3
Breach of Representations and Warranties. Any representation or warranty made by the Borrower in this Note shall, in any
such case, be false or misleading in any material respect on the date that such representation or warranty was made or deemed made.

 

4.4
Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the
appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall
otherwise be appointed.

 

4.5
Judgments. Any money judgment, writ or similar final process shall be entered or filed against the Borrower or any of its
Subsidiaries or any of their respective property or other assets for more than $1,000,000, and shall remain unvacated, unbonded or unstayed
for a period of thirty

(30) days.

 

4.6
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy
law or any law for the relief of debtors shall be instituted by or against the Borrower or any of its Subsidiaries.

 

4.8
Failure to Deliver Common Stock or Replacement Note. The Borrower shall fail (i) to timely deliver Common Stock to the Holder
pursuant to and in the form required by this Note if such failure to timely deliver Common Stock shall not be cured within two (2) business
days or (ii) to deliver a replacement Note to Holder within seven (7) business days following the required date of such issuance pursuant
to this Note.

 

4.9
Conversion Privileges. The conversion privileges set forth in Article III shall remain in full force and effect immediately
from the date hereof and until this Note is paid in full.

 

4.11   Cumulative
Remedies. The remedies under this Note shall be cumulative.

 

ARTICLE
V

MISCELLANEOUS

 

5.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right
or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

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5.2
Notices. Any notice herein required or permitted to be given shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of
the recipient, if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery,
with written verification of receipt. All communications shall be sent to the Borrower as follows: Philip Blair Mullin, Chief Financial
Officer, b.mullin@redwoodgreencorp.com 3531 Logan Street Suite D357, Englewood, Colorado 80113, and to the Holder as follows: Monument
Capital Establishment, c/o Audax Consulting Trust Establishment, Rätikonstrasse 13, Vaduz, Liechtenstein, or in each case at such
other address as the Borrower or the Holder may designate by ten days advance written notice to the other parties hereto. A Notice of
Conversion shall be deemed given when sent to the Borrower by email, return receipt requested.

 

5.3
Amendment Provision. The term “Note” and all reference thereto, as used throughout this instrument, shall mean
this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented, and any successor instrument
issued pursuant to Section 3.5 hereof, as it may be amended or supplemented.

 

5.4
Assignability. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit
of the Holder and its successors and assigns, and may be assigned by the Holder in accordance with the requirements of this Section 5.4.
This Note shall not be assigned by the Borrower without the consent of the Holder. This Note may be transferred on the books of the Borrower
by the registered Holder hereof, or by Holder’s attorney duly authorized in writing, only upon (i) delivery to the Borrower of a
duly executed assignment of the Note, or part thereof, to the proposed new Holder, along with a current notation of the amount of payments
received and net Principal Amount yet unfunded, and presentment of such Note to the Borrower for issue of a replacement Note, or Notes,
in the name of the new Holder, (ii) the designation by the new Holder of such new Holder’s agent(s) for notice, such agent(s) to
be the sole party(ies) to whom Borrower shall be required to provide notice when notice to Lender is required hereunder and who shall
be the sole party(ies) authorized to represent the new Holder(s) in regard to modification or waivers under the Note, the Loan Agreement,
or other Loan Documents; and any action, consent or waiver, (other than a compromise of principal and interest), when given or taken by
the new Holder’s agent(s) for notice, shall be deemed to be the action of the new Holder, as such holders are recorded on the books
of the Borrower, and (iii) compliance with the Securities Act of 1933, as amended, and all other applicable state and federal securities
laws.

 

5.5       Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of Colorado, without regard to
principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by
this Agreement shall be brought only in the state courts of Colorado or in the federal courts located in Denver, Colorado. Both
parties and the individual signing this Note on behalf of the Borrower agree to submit to the jurisdiction of such courts. The
prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that
any provision of this Note is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be
deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of
law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or unenforceability of
any other provision of this Note. Nothing contained herein shall be deemed or operate to preclude the Holder from bringing suit or
taking other legal action against the Borrower in any other jurisdiction to collect on the Borrower’s obligations to Holder,
to realize on any collateral or any other security for such obligations, or to enforce a judgment or other court in favor of the
Holder.

 

5.6
Maximum Payments. Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or
other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other
charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed
by the Borrower to the Holder and thus refunded to the Borrower.

 

5.8
Construction. Each party acknowledges that its legal counsel participated in the preparation of this Note and, therefore,
stipulates that the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation
of this Note to favor any party against the other.

 

5.9
Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay to Holder reasonable costs of
collection, including reasonable attorney’s fees.

 

[Balance of page intentionally
left blank; signature page follows.]

 

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IN WITNESS WHEREOF, the Borrower
has caused this Note to be signed in its name effective as of this 4th day of August, 2020.

 

		REDWOOD GREEN CORP.
	 	 	 
		By:	
	 	Name:  	Philip Blair Mullin
		Title:	Chief Financial Officer

 

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EXHIBIT A

 

NOTICE OF CONVERSION

 

(To be executed by the Holder in order to convert all or
part of the Note into Common Stock)

 

The Undersigned hereby converts $__________
of the principal (together with associated accrued but unpaid interest) due under the Convertible Term Note issued by Redwood Green
Corp. dated August              , 2020 by delivery of Shares of Common Stock of Redwood Green Corp. on and subject to the conditions
set forth in Article III of such Note.

 

		1.	Date of Conversion	______________________

 

		2.	Shares To Be Delivered:	______________________

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

 

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