Document:

Exhibit 10.1

 

AMENDMENT NO. 2 TO AMENDED AND RESTATED
EMPLOYMENT AGREEMENT

 

THIS AMENDMENT
NO. 2 (the “Amendment”) to the Amended and Restated Employment Agreement, dated October 4, 2017 (the “Employment
Agreement”) is dated February 28, 2022 with an effective date of March 1, 2022, is by and between Anavex Life Sciences
Corp. (the “Company” or “Anavex”), and Sandra Boenisch (the “Employee”).
Except as otherwise provided herein in this Amendment, capitalized terms used in this Amendment shall have the same meanings given
to them in the Employment Agreement. Company and the Employee are referred to each individually as a “Party”
and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, the
Employee is currently employed by the Company as Principal Financial Officer pursuant to the terms of the Employment Agreement;
and

 

WHEREAS, the
Parties desire to amend the Employment Agreement as described below, but to otherwise maintain in effect in full all other terms
of the Employment Agreement; and

 

NOW, THEREFORE,
for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, for the Parties agree as follows:

 

AMENDMENT

 

		1.	Adoption of Recitals. The Company and Employee adopt the above recitals
as being true and correct

 

		2.	Section 1(a) Employment. The Parties agree that Section 1(a) of the Employment
Agreement shall be amended and restated as follows: 

 

“(a)        Employment.
This Agreement will commence on March 1, 2022 (the “Effective Date”) and shall terminate on February
28, 2024 (the “Term”), unless sooner terminated in accordance with the provisions of this Agreement.
The Term and any extensions shall be referred to as the “Employment Period.” This Agreement must be renewed
in writing, signed by both parties. If the Agreement is not renewed in writing, the non-renewal is not considered a Termination.”

 

		3.	Section 3(a) Base Salary. The Parties agree that Section 3(a) of the Employment
Agreement shall be amended and restated as follows:

 

“(a)         Base
Salary. During the Employment Period, the Company shall pay to the Employee an annual base salary (“Base Salary”)
of Two Hundred Forty Thousand Canadian Dollars ($240,000 CAD) payable by the Company and payable in accordance with the
Company’s payroll schedules throughout the term of such employment, subject to the provisions of Section 4 hereof (governing
Terminations), and subject to any applicable tax and payroll deductions; provided, however, that in the Company’s
sole discretion, based on factors such as the market and the Employee’s job performance, salary increases may be made. There,
however, is never a guarantee of an increase in Base Salary. Salary decreases may be made through a written modification of this
Agreement executed and signed by the Parties.”

 

4.            Full Force and Effect.
Except as expressly amended herein, all other terms and provisions of the Employment Agreement shall remain in full force and effect
and are hereby ratified and confirmed in all respects. The Parties mutually acknowledge and agree that any and all other prior
agreements, offer letters or contracts between Employee and the Company, are declared null and void with no legal effect as of
the date this Amendment is executed by the Parties.

 

5.            Further Amendments.
The Employment Agreement shall be further amended wherever appropriate to reflect the changes indicated above.

 

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6.            Right to Review and Seek Counsel.
The Employee acknowledges that she has had the opportunity to seek independent counsel and tax advice in connection with the execution
of this Agreement, and the Employee represents and warrants to the Company (a) that she has sought such independent counsel and
advice as she has deemed appropriate in connection with the execution hereof and the transactions contemplated hereby, and (b)
that she has not relied on any representation of the Company as to tax matters, or as to the consequences of the execution hereof.

 

7.            Governing Law. This
Amendment shall be governed and construed in accordance with the laws of the State of New York without regard to conflicts of law.

 

8.            Headings and Captions.
The titles and captions of paragraphs, sections, subparagraphs and subsections contained in this Amendment are provided for convenience
of reference only, and shall not be considered terms or conditions of this Amendment.

 

9.            Validity. The invalidity
or unenforceability of any provision of this Amendment shall not affect the validity or enforceability of any other provision of
this Amendment, which shall remain in full force and effect.

 

10.          Counterparts. This
Amendment may be executed in one or more separate counterparts, each of which, when so executed, shall be deemed to be an original.
Such counterparts shall, together, constitute and shall be one and the same instrument. This Amendment, and the counterparts thereto,
may be executed by the Parties using their respective signatures transmitted via facsimile machines or via electronic mail.

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement on February 28, 2022.

 

	ANAVEX LIFE SCIENCES CORP. 	 	SANDRA BOENISCH
	 	 	 	 
	By:	 /s/Christopher Missling	 	/s/ Sandra Boenisch
	 	 	 	 
	Name:	Christopher U. Missling	 	 
	 	 	 	 
	Title:	CEO	 	 

 

2Exhibit 10.1

       

      
        Execution Version

      

       

        

      AMENDMENT NO. 8 TO RECEIVABLES PURCHASE AGREEMENT

       

      THIS AMENDMENT NO. 8 TO RECEIVABLES PURCHASE AGREEMENT, dated as of February 28, 2022 (this "Amendment"), is by and among Sensient Receivables LLC, a Delaware limited liability company ("Seller"), Sensient Technologies Corporation, a Wisconsin corporation ("STC"), as initial Servicer and as the Performance Guarantor, and (c) Wells Fargo Bank, National Association, a national banking association (together with its successors and assigns, the "Purchaser").

       

      RECITALS

       

      WHEREAS, Seller, the Servicer and the Purchaser are parties to that certain Receivables Purchase Agreement, dated as of October 3, 2016 (as amended prior to the date hereof, the "Existing Purchase Agreement" and, as amended hereby and from time to time hereafter amended, restated or otherwise modified, the "Purchase Agreement"); and

       

      WHEREAS, the parties wish to amend the Existing Purchase Agreement as hereinafter set forth;

       

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

       

      1.          Definitions.  Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Purchase Agreement.

       

      2.         Amendment.  Section 7.1(m) of the Existing Agreement is hereby amended to replace the subsection numbers “(ii)”, “(iii)” and
            “(iv)” thereof with “(i)”, “(ii)” and “(iii)”, respectively, and to amend and restate in its entirety the subsection that has been re-numbered as subsection (ii) to read as follows:

       

      (ii) the average of the Default Ratios for the three months then most recently ended
        shall exceed 7.0%; or

       

      3.       Effect of Amendment.  Except as specifically amended hereby, the Existing Purchase Agreement and all exhibits and schedules attached thereto remains unaltered and in full force
            and effect, and this Amendment shall not constitute a novation of the Purchase Agreement but shall constitute an amendment thereof.  The Performance Undertaking remains unaltered and in full force and effect and is hereby ratified and
            confirmed.

       

      4.         Conditions Precedent.  Effectiveness of this Amendment is subject to the prior or contemporaneous satisfaction of each of the following conditions precedent:

       

      (a)        Wells shall have received counterparts hereof, duly executed by each of the parties hereto.

       

      
        
          

      

      
      (b)         Each of the representations and warranties contained in Section 5 of this Amendment shall be true and correct.

       

      5.         Representations and Warranties.  After giving effect to this Amendment, each of the Performance Guarantor, Seller and the Servicer hereby represents and warrants to the
            Purchaser that each of the representations and warranties made by it or on its behalf in the Purchase Agreement or the Performance Undertaking, as applicable, are true and correct, in all material respects, on and as of the date of this
            Amendment with the same full force and effect as if each of such representations and warranties had been made by it on the date hereof and in this Amendment (except to the extent such representations and warranties expressly relate to an
            earlier date, in which case such representations and warranties remain true and correct in all material respects as of such earlier date), and the Performance Undertaking is hereby ratified and confirmed.  The representations and warranties set
            forth above shall survive the execution of this Amendment.

       

      6.         CHOICE OF LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF
            LAWS THEREOF OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW.

       

      7.       CONSENT TO JURISDICTION.  EACH PARTY TO THIS AMENDMENT HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING
            IN NEW YORK, NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE AGREEMENT, AND EACH SUCH PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED
            IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.

       

      8.       WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT
            OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AMENDMENT, THE PURCHASE AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER OR THEREUNDER.

       

      9.          Binding Effect. Upon execution and delivery of a counterpart hereof by each of the parties hereto, and the satisfaction of the conditions precedent set forth in Section 5
            hereof, this Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns (including any trustee in bankruptcy).

       

      10.        Legal Fees.  In addition to its obligations under the Purchase Agreement, Seller agrees to pay all reasonable out-of-pocket costs and expenses incurred by the Purchaser,
            in connection with the negotiation, preparation, execution and delivery of this Amendment within 30 days after receipt of a reasonably detailed invoice therefor.

       

        

      11.       Counterparts; Severability; Section References.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts,
            each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Amendment. Delivery of an executed counterpart of a signature page to this Amendment by facsimile, PDF, or
            other electronic transmission shall be effective as delivery of a manually executed counterpart of a signature page to this Amendment.  Any provisions of this Amendment which are 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.

       

      <Signature pages follow>

       

      
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      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers or attorneys-in-fact as of the date hereof.

       

      	
              SENSIENT RECEIVABLES LLC, AS SELLER

            	 
	 	 
	
              By:

            	 	 
	
              Name:

            	 
	
              Title:

            	 

      

         

       

      	
              SENSIENT TECHNOLOGIES CORPORATION, AS THE SERVICER AND THE PERFORMANCE GUARANTOR

            	 
	 	 
	
              By: 

              

            	 	 
	
              Name:

            	 
	
              Title:

            	 

      

         

      
        3

        
          

      

      	
              WELLS FARGO BANK, NATIONAL ASSOCIATION, AS THE PURCHASER

            	 
	 	 
	
              By:

            	

            	 
	
              Name:   

              

            	 
	
              Title:      

              

            	 

      

         

      

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