Document:

Exhibit 10.2

 

CONSULTING AGREEMENT 

 

Dated January 1, 2019

 

AMONG::

 

ELECTRAMECCANICA VEHICLES CORP.

 

(the “Company”)

 

and

 

BKB MANAGEMENT LTD.

 

(the “Consultant”)

 

Whereas the Company wishes to contract
with the Consultant for its services on a non-exclusive basis on the terms and conditions that follow and the Consultant wishes
to be so retained;

 

Now therefore this Agreement witnesses
that in consideration of the mutual covenants and agreements contained herein and good and valuable consideration provided, the
parties covenant and agree with each other as follows:

 

		1.	Services.
                                         The Consultant will provide the Company with management services as CFO (the “Services”).
                                         All Services will be performed by the Consultant’s principal, Bal Bhullar. The
                                         Consultant shall report to and take direction from the CEO and the Board
                                         of Directors. The Company acknowledges that the Consultant may provide its services to
                                         other businesses and organizations provided there is no conflict of interest and the
                                         Consultant complies with its obligations under this Agreement. The Consultant shall devote
                                         as much time as required in the fulfillment of the role as CFO.

 

		2.	Duration and Termination. This Agreement shall take effect on January 1, 2019 and shall
be effective for a period of two (2) years. This Agreement shall automatically renew for a further term of one year unless either
party provides written notice of intent not to renew 30 days prior to expiration of this Agreement.

 

		3.	Fees, Expenses and Payment. In consideration of the Services provided under this Agreement,
the Company agrees to pay the Consultant a monthly fee of $15,000 plus $300 vehicle allowance plus any applicable GST (the “Fees”).
Payment for Services will be made at the end of the month with receipt of an itemized invoice from the Consultant.

 

		4.	Directors’ and officers’ insurance. The Consultant will be entitled to coverage
under the Company’s directors’ and officers’ insurance policy. The Consultant's entitlement to coverage and payments
under any such plan is subject to the consent of the insurer and the terms of the applicable insurance policy.

 

     

     

    

 

		5.	Non-Disclosure of Confidential Information. Except in the normal and proper course of the
provision of the Services hereunder, the Consultant will (a) keep in strictest confidence and trust the Confidential Information;
and (b) not use for the Consultant’s own account or disclose to anyone else, during or after the termination of this Agreement
with the Company, any Confidential Information or material relating to the Company's operations or business which the Consultant
obtains from the Company or any related or affiliated entity or its officers or employees, agents, suppliers or clients or otherwise
by virtue of the Consultant’s relationship the Company or any related or affiliated entity. For the purpose of this Agreement,
“Confidential Information” means confidential or proprietary information or material and includes, without limitation,
the following types of information or material, in whatever form, both existing and contemplated, regarding the Company or any
related or affiliated entity: corporate information, including, without limitation, contractual arrangements, marketing plans,
production processes, methods and methodologies that are not standard industry practice or that are not generally known, plans,
strategies, tables and compilations of business and industrial information acquired by or on behalf of the Company, tactics, policies,
resolutions, patents and patent applications, trademark and trade name applications, and any litigation or negotiations; information
concerning suppliers; marketing information, including investment and product plans; financial information, including cost and
performance data, debt arrangements, equity structure, investors and holdings; operational information, including, without limitation,
trade secrets, concepts, data, designs, flow charts, specifications, product plans, technical designs and drawings; and personnel
information, including personnel lists, resumes, personnel data, organizational structure and performance evaluations, but does
not include information or material that is or becomes generally available or known to the public other than as a result of disclosure
by the Consultant in violation of the terms hereof.

 

		6.	Non-Solicitation. During the term of this Agreement and for 3 months following the termination
of this Agreement for any reason, the Consultant agrees not to, whether either individually or in partnership or jointly or in
conjunction with anyone else, directly or indirectly, offer to hire or entice away or in any other manner persuade or attempt to
persuade any officer, employee, or agent of the Company or its related and affiliated entities to terminate their relationships
with the Company or its related or affiliated entities, as the case may be.

 

		7.	Intellectual Property. All right, title and interest in all inventions, methodologies, concepts,
documentation, specifications and any other works developed by the Consultant in providing the Services (the “Works”)
including all patent, copyright, trade-mark, trade secret and any other intellectual property and proprietary rights therein (the
“Intellectual Property Rights”) shall be the sole and exclusive property of the Company and the Consultant hereby
assigns and shall assign to the Company all such Intellectual Property Rights and waives all moral rights the Consultant may have
in such Works for the benefit of Company and its successor, assigns and licensees. The Consultant shall not disclose the Works
to any third parties without the prior written consent of Company.

 

		8.	Return of Property. Upon termination of this Agreement, regardless of the reason for such
termination, except as required by law, the Consultant shall promptly deliver and return to Company, without retaining copies,
all records, notes, notebooks, memoranda, specifications, property and documents or materials of any kind or nature whatsoever
which pertain in any way to the Company or its business.

  

    	 	- 2 -	 

     

    

 

		9.	Termination. This Agreement may be terminated only as follows:

 

	 	(a)	Termination by the Company Without Notice. The Company may, at its option, terminate this
Agreement at any time without notice by advising the Consultant in writing. Following any such termination of this Agreement without
cause by the Company, the Company will have no further obligation to the Consultant under this Agreement other than the Company’s
obligation to pay the Consultant all remaining unpaid fees and GST thereon due to the Consultant at the time of termination and
to reimburse the Consultant for any expenses incurred through to the termination date. Termination for any of the following reasons:

 

		(i)	the Consultant’s negligent performance of the Services;

 

		(ii)	the Consultant’s persistent failure to perform the Services;

 

		(iii)	any breach by the Consultant of any of the obligations set forth in this Agreement; or

 

		(iv)	a continued course of malfeasant or misfeasant actions or omissions by the Consultant.

 

		(b)	Termination by the Company
                                         with Notice. The Company may terminate this Agreement at any time upon providing
                                         the Consultant with only the following: 

 

		(i)	Accrued Entitlements. The
                                         Company shall provide the Consultant with Fees owed to the Consultant up to and including
                                         the date of termination and any bonus earned prior to the date of termination. 

 

		(ii)	Fees. The Company
                                         shall provide the Consultant with a lump sum payment equal to term of the Agreement (the
                                         “Notice Period”) of Fees as in effect at the termination of the Consultant’s
                                         engagement.

 

		(iii)	Benefits. The Consultant’s
                                         participation in the Company’s benefits programs shall be continued for a period
                                         of eight (8) weeks. Thereafter, the Consultant’s benefits, including professional
                                         dues, but not including disability insurance coverage, or perquisites such as mobile
                                         phone, parking, etc., will be continued through the Notice Period to the maximum extent
                                         permitted under applicable plan terms. To the extent the Company is unable to extend
                                         any such benefits coverage for any portion of such period after reasonable efforts to
                                         obtain same; the Company shall pay the Executive an amount sufficient to purchase comparable
                                         coverage for such time. 

 

		(iv)	Bonus. The Company shall
                                         provide the Consultant with a lump sum payment equal to the bonus it would have earned
                                         through the Notice Period based on the bonus received by the Consultant in the year prior
                                         to the termination of this Agreement (which, for greater certainty, will be calculated
                                         by including the value of any bonus paid in cash, RSUs or stock options)

 

    	 	- 3 -	 

     

    

 

		(c)	Termination by the Consultant
                                         for Good Reason. The Consultant may terminate this Agreement by giving the Company
                                         written notice of such Good Reason termination. In the event of a termination for Good
                                         Reason, the Consultant shall be entitled to the notice entitlements under section 10(b)
                                         above. "Good Reason" means:

 

		(i)	the failure of the Company to pay any amount due to the Consultant hereunder, which failure persists
for fifteen days after the Company receives the Consultant’s notice of failure,

 

		(ii)	any material reduction in the Consultant’s title or a material reduction in his duties or
responsibilities,

 

		(iii)	any material adverse change in
                                         the Consultant’s Fees or benefits (other than changes that affect other management
                                         executives of the Company to the same or a comparable extent), or

 

		(iv)	the Company's material breach
                                         of this Agreement, which breach has not been cured by the Company within fifteen days
                                         after receipt of notice from the Executive specifying, in reasonable detail, the nature
                                         of the breach or failure.

 

		(d)	Termination by the
                                         Consultant. The Consultant may voluntarily terminate this Agreement at any time
                                         by giving the Company two months of prior notice of termination. The Company may waive
                                         such notice in whole or in part without any payment to the Consultant in lieu of the
                                         waived period of notice.

 

		10.	Change of Control. If at any
                                         time during the term of this Agreement there is a Change of Control (as defined below)
                                         and within 12 months of such Change of Control:

 

		(a)	There is a material reduction
                                         in the Consultant’s title or a material reduction in his duties or responsibilities
                                         such that the Consultant gives notice of the Consultant’s intention to terminate
                                         this Agreement as a result thereof; 

 

		(b)	There is a material adverse
                                         change in the Consultant’s Fees or benefits such that the Consultant gives notice
                                         of the Consultant’s intention to terminate this Agreement as a result thereof;
                                         or

 

		(c)	The Consultant’s engagement
                                         is terminated by the Company unless such termination is as a result of the Consultant’s
                                         material breach of this Agreement;

 

the Consultant
shall then be entitled to receive from the Company a cash amount equal to two (2) years of the Consultant’s Fees as in effect
at the termination of the Consultant’s engagement, and an additional amount equal to two (2) time the previous year’s
annual Bonus (which, for greater certainty, will be calculated by including the value of any bonus paid in cash, RSUs or stock
options).

 

Notwithstanding
the terms of any other plan or agreement, and subject to the Option Plan and RSU Plan, all stock options and RSUs previously granted
by the Company to the Consultant which have not vested shall be deemed to vest and all stock options held by the Consultant shall
remain exercisable until the earlier of their expiration date or 90 days from the Termination Date.

 

    	 	- 4 -	 

     

    

 

The Company
shall maintain the Consultant’s benefits in accordance with section 10(b)(iii) above for a Notice Period of twelve (12) months.

 

Change of Control in respect
of the Company is defined as follows:

 

		(a)	if, as a result of or in
                                         connection with the election of directors, the people who were directors (or who were
                                         entitled under a contractual arrangement to be directors) of the Company before the election
                                         cease to constitute a majority of the Board, unless the directors have been nominated
                                         by management or approved of by a majority of the previously serving directors;

 

		(b)	any transaction at any time
                                         and by whatever means pursuant to which any Person or any group of two or more Persons
                                         acting jointly or in concert as a single control group or any affiliate (other than a
                                         wholly-owned subsidiary of the Company or in connection with a reorganization of the
                                         Company) or any one or more directors thereof hereafter “beneficially owns”(as
                                         defined in the Business Corporations Act (British Columbia) directly or indirectly, or
                                         acquires the right to exercise control or direction over, voting securities of the Company
                                         representing 50% percent or more of the then issued and outstanding voting securities
                                         of The Company, as the case may be, in any manner whatsoever;

 

		(c)	the sale, assignment, lease
                                         or other transfer or disposition of more than 50% percent of the assets of the Company
                                         to a Person or any group of two or more Persons acting jointly or in concert (other than
                                         a wholly-owned subsidiary of the Company or in connection with a reorganization of the
                                         Company); 

 

		(d)	the occurrence of a transaction
                                         requiring approval of the Company’ shareholders whereby the Company is acquired
                                         through consolidation, merger, exchange of securities involving all of the Company’
                                         voting securities, purchase of assets, amalgamation, statutory arrangement or otherwise
                                         by any Person or any group of two or more Persons acting jointly or in concert (other
                                         than a short-form amalgamation of the Company or an exchange of securities with a wholly-owned
                                         subsidiary of the Company or a reorganization of the Company); or

 

		(e)	any sale, lease, exchange,
                                         or other disposition of all or substantially all of the assets of the Company other than
                                         in the ordinary course of business.

 

		11.	Release. It shall be
                                         a pre-condition of the payments set out in sections 9 and 10 herein that the Consultant
                                         sign a Release of all claims and potential claims against the Company.

 

		12.	Acknowledgement. The
                                         Consultant acknowledges that, in connection with the Services, the Consultant will receive,
                                         will become eligible to receive substantial fees. The Consultant acknowledges that this
                                         Agreement and all fees paid will be conferred only because and on condition of the Consultant's
                                         willingness to commit its best efforts and loyalty to the Company, including protecting
                                         the Company's right to have its Confidential Information protected from non-disclosure
                                         by the Consultant and abiding by the confidentiality and other provisions herein. The
                                         Consultant agrees that the restrictions contained in this Agreement are reasonable and
                                         valid and all defences to the strict enforcement thereof by the Company are waived by
                                         the Consultant. The Consultant further acknowledge that irreparable damage would result
                                         to the Company if the provisions of Sections 6 through 9 are not specifically enforced,
                                         and agrees that the Company shall be entitled to any appropriate legal, equitable, or
                                         other remedy, including injunctive relief, in respect of any failure or continuing failure
                                         to comply with the provisions of Sections 6 through 9.

 

    	 	- 5 -	 

     

    

 

		13.	Independent Contractor.

 

		(a)	In performing the Services, the Consultant agrees and acknowledges that the Consultant is an independent
contractor under this Agreement. Nothing contained herein shall be deemed or construed to create an employment relationship or
any partnership or joint venture between the Consultant and the Company.

 

		(b)	Neither party shall acquire by virtue of this Agreement any right, capacity or power to act as
an agent for the other or to bind the other to any other person, firm or corporation, except with the written agreement of the
other if necessary to carry out the purpose and intent of this Agreement.

 

		(c)	The Consultant acknowledges that it is responsible for all payments with respect to all income,
sales and other taxes, insured health benefits coverage, workers’ compensation, Canada Pension Plan, Employment Insurance
premiums and costs and including the procurement and costs of any other benefits.

 

		14.	Compliance with Laws, Regulations, Industry Guidelines and Company Policies. In providing
the Services, the Consultant will adhere to all federal and provincial legislation and regulations, industry guidelines and company
policy, as applicable.

 

		15.	Indemnification by the Consultant. The Consultant hereby agrees to indemnify the Company,
its officers, directors, employees, and agents and save them harmless from any and all liabilities and claims whatsoever as follows:

 

		(a)	fines, penalties and interest thereon, for or by reason of or in any way arising out of the failure
by the Company to deduct, withhold or contribute any amount in respect of its payments to the Consultant. Such liabilities and
claims shall include, without limitation, federal or provincial income and health taxes, Canada Pension Plan and Employment Insurance
contributions and premiums, and workers compensation premiums; and

 

		(b)	suits, actions, investigations, and proceedings, and related costs and expenses (including legal
fees) arising out of or in connection with the delivery of the Services as a result of the Consultant’s gross negligence,
willful misconduct or failure to comply with the terms of this Agreement.

 

		16.	Severability. If any one or more of the covenants, agreements, provisions or terms of this
Agreement or the application thereof to the Company or the Consultant shall be for any reason and to any extent whatsoever held
by any court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, then, such covenants, agreements,
provisions or terms shall be deemed severed from the remaining covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of any other provision of this Agreement.

 

    	 	- 6 -	 

     

    

 

		17.	Waiver. No waiver shall be inferred from or implied by any failure to act or delay in acting
by a party in respect of any default, breach or non-observance or by anything done or omitted to be done by the other party. The
waiver by a party of any default, breach or non-compliance under this Agreement shall not operate as a waiver of that party's rights
under this Agreement in respect of any continuing or subsequent default, breach or non-observance (whether of the same or any other
nature).

 

		18.	Assignment. This Agreement may not be assigned by the Company or the Consultant, without
the consent of the other party, which shall not be unreasonably withheld. This Agreement shall enure to the benefit of and shall
be binding upon the parties and their respective successors and assigns.

 

		19.	Entire Agreement. This Agreement is the final, complete and exclusive agreement of the parties
with respect to the subject matter hereof and supersedes and merges all prior discussions and agreements. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed
by the party to be charged. Any subsequent change or changes in the Services will not affect the validity or scope of this Agreement.

 

		20.	Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the Province of British Columbia and the laws of Canada applicable in that Province. The parties consent to the jurisdiction
of the Courts of the Province of British Columbia for the purpose of enforcing this Agreement.

 

		21.	Counterparts. This Agreement may be executed in counterparts, each of which will constitute
an original and all of which taken together will constitute one and the same instrument. Delivery of counterparts may be effected
by electronic transmission.

 

22.       Representations.

 

		(a)	The parties hereby represent and warrant that they have all such rights and powers as are necessary
for them to each enter into this Agreement. The parties further represent and warrant that neither is a party to any agreement
or business relationship in conflict with its rights and obligations pursuant to this Agreement.

 

		(b)	The Consultant represents and warrants that the Consultant is fully experienced and possesses the
requisite professional skill, knowledge and experience required to perform the Services; and is capable of fulfilling its obligations
and duties hereunder. The Consultant has had sufficient opportunity to review and understand (a) the terms of this Agreement, (b)
the restrictions as provided in this Agreement and the consequences of the execution of this Agreement, (c) the obligations imposed
on the Consultant by this Agreement, and (d) the consequences of any failure to perform and observe such restrictions and obligations.
The Consultant has reviewed the terms of this Agreement with legal counsel or other advisors as desired.

 

Signed this 15th day of January, 2019.

 

    	 	- 7 -	 

     

    

 

	 	ELECTRAMECCANICA VEHICLES CORP.
	 	 	 	 
	 	 	By:	/s/ ISAAC MOSS
	 	 	 	ISAAC MOSS
	 	 	 	CHIEF ADMINISTRATIVE OFFICER

 

	 	 		 
	 	 	 
	 	 	 
	     	/s/ BAL BHULLAR
	Witness signature	BKB MANAGEMENT LTD.
	Name:	 	 
	(please print)	             	 
	Address:	        	 
	 	        	 

 

    	 	- 8 -Exhibit 10.3

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS AGREEMENT is made as of January 1, 2019 (the “Effective
Date”)

 

BETWEEN:

 

ELECTRAMECANNICA VEHICLES CORP.

 

(the “Company”)

 

AND:

 

HENRY REISNER, an individual with a residential
address at xxx

 

(the “Executive”)

 

WHEREAS:

 

A.           The
Company is engaged in the business of developing, commercializing, manufacturing, selling and servicing electric vehicles.

 

B.           The
Executive commenced employment with the Company as the Chief Operating Officer and President on or about July 1, 2016.

 

C.           The
Company desires to continue to employ the Executive as its Chief Operating Officer and President and the Executive desires to accept
such continued employment on the terms and conditions set out herein.

 

D.           The
Company and the Executive agree that certain protection should be given to the Executive in the event of a Change of Control as
defined herein.

 

NOW THEREFORE, in consideration
of the above recitals and the representations, warranties, covenants and agreements set forth below in this Agreement, the Company’s
provision to the Executive of certain Change of Control protections, the sufficiency of which is acknowledged by both parties,
the parties agree as follows:

 

1.            INTERPRETATION

 

1.1          Defined
Terms. In this Agreement, the following words will have the following meanings:

 

(a)          “Base
Salary” has the meaning set forth in section 3.1;

 

(b)          “Board”
means the Board of Directors of the Company;

 

    			 

     

    

 

(c)          “Cause”
means:

 

(i)            the
Executive's failure or refusal to perform lawful directives from the Board which are consistent with the scope and nature of, and
professional standards of conduct related to, the Executive's duties and responsibilities under this Agreement or failure to perform
the Executive’s duties and responsibilities in a competent and professional manner;

 

(ii)           material
dishonesty of the Executive;

 

(iii)          the
Executive's commission of any crime involving moral turpitude, fraud, defalcation or misrepresentation or any other crime that
has or may have an adverse effect on the reputation of the Company;

 

(iv)         any
gross or willful misconduct of the Executive resulting in material loss to the Company or damage to the reputation of the Company;
or

 

(v)          any
breach of the Executive's covenants contained in article 5 or any material breach of this Agreement by the Executive;

 

(vi)         any
other act or omission which constitutes just cause at common law;

 

(d)          “Change
of Control” means:

 

(i)            a
merger, amalgamation, arrangement or reorganization of the Company with one or more corporations as a result of which, immediately
following such event, the shareholders of the Company as a group, as they were immediately prior to such event, are expected to
hold less than a majority of the outstanding capital stock of the surviving corporation;

 

(ii)           the
Company sells or otherwise disposes of (including by way of an exclusive license) all or substantially all of its assets to any
other person or entity, except a wholly-owned subsidiary of the corporation;

 

(iii)          any
person, entity or group of persons or entities, acting jointly or in concert, acquires or gains ownership or control of more than
50% of the voting shares of the Company;

 

(iv)          a
majority of the directors elected at any annual or special meeting of shareholders of the Company are not individuals nominated
by the Company’s then-incumbent management; or

 

(v)          any
other event which the Company’s Board of Directors declares a Change of Control.

 

(e)          “Confidential
Information” has the meaning set forth in section 5.1;

 

(f)          “Developments”
has the meaning set forth in section 4.1;

 

    	 	2	 

     

    

 

(g)          “Customer”
means any person, business, or entity that was a customer (or potential customer provided the Executive was involved in the solicitation
of or decision to solicit such potential customer) of the Company and (i) that the Executive had contact with during the Executive’s
last twelve (12) months of employment; or (ii) about whom the Executive possessed or had access to Confidential Information during
the Executive’s last twelve (12) months of employment with the Company;

 

(h)          “Permanent
Disability” means that (i) the Executive has become eligible to receive long-term disability benefits under the Company’s
then-current benefits plan for executives, as a result of physical or mental illness or injury, and (ii) a physician selected jointly
by the Company and the Executive or the Executive's legal representative, has determined that Executive's incapacity is total and
permanent;

 

(i)           “Restricted
Period” has the meaning set forth in section 5.3;

 

(j)           “Severance
Pay” has the meaning set forth in section 6.4;

 

(k)          “Term”
has the meaning set forth in section 2.3;

 

1.2          Headings.
Headings have been inserted in these provisions for convenience of reference only and will not affect their meaning or construction.

 

1.3          References.
Unless otherwise stated, references to recitals, clauses, articles, sections, and exhibits will be references to this Agreement.

 

2.            EMPLOYMENT

 

2.1          Employment.
The Company will continue to employ the Executive as the Company’s Chief Operating Officer and President.

 

2.2          Extent
of Service. During the Term, the Executive will devote the Executive’s full business time and best efforts, business
judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and to the discharge
of the Executive’s duties and responsibilities hereunder. The Executive will not engage in any other business activity or
serve in any industry, trade, professional, governmental or academic position during the term of this Agreement, except as may
be expressly approved in advance by the Board, in writing; provided that the Executive may make passive personal investments, engage
in outside non-competitive business activities, including being a director of non-competitive businesses, or engage in other activities
for any charitable or other non-profit institution, provided, further, that such activities do not conflict with the interests
of any member of the Company or otherwise interfere, individually or in the aggregate, with the performance of the Executive’s
duties and responsibilities or the time required for the discharge of those duties and responsibilities.

    	 	3	 

     

    

 

2.3          Term.
This Agreement shall take effect on January 1, 2019 and shall be effective for a period of one (1) year, with an option to renew
for an additional year by mutual agreement by both parties thereafter. (the “Term”).

 

2.4          Duties.
The Executive will be responsible for such duties are as are customarily performed by one holding the position of Chief Operating
Officer and President in similar business enterprises and as are reasonably necessary to the operations of the Company.

 

2.5          Reporting.
The Executive will report to the Chief Executive Officer and the Board.

 

3.            COMPENSATION

 

3.1          Base
Salary. The Company will pay the Executive an annual base salary from the Effective Date of $180,000. The Base Salary is subject
to increase based on periodic reviews at the discretion of the Board.

 

3.2          Other
Benefits. The Executive will be entitled to participate in all other benefits, perquisites, benefit plans or programs of the
Company which are available generally to executives of the Company in accordance with the terms of such plans, benefits or programs,
including, but not limited to, the following:

 

(a)          no
less than five (5) weeks (25 days) paid vacation during each full fiscal year of the Executive’s employment (pro-rated for
any partial year of employment).

 

(b)         group
insurance coverage for medical, extended health, dental, life, long term disability as may be made available by the Company to
its executive employees from time to time.

 

The Executive acknowledges that
any of the benefits set out in subsection (b), above, are subject to the formal plan documents or policies and may also be modified
or amended at any time by the Board in its sole and absolute discretion.

 

3.3          Directors
& Officers Insurance and Indemnity. The Company will use commercially reasonable efforts to maintain an appropriate level
of coverage for the Executive under its then-current Directors & Officers Insurance policy and will indemnify the Executive
for all lawful acts (or omissions) undertaken by the Executive in the role of either director or Chief Executive Officer of the
Company to the extent allowed by law.

 

3.4          Expenses.
The Executive will be reimbursed for the Executive’s reasonable expenses related to and for promoting the business of the
Company, including expenses for entertainment, travel and similar items that arise out of the Executive's performance of services
under this Agreement, and any such expenses paid by the Executive from the Executive’s own funds will be promptly reimbursed
to the Executive by the Company in accordance with the policies and procedures of the Company in effect from time to time.

 

    	 	4	 

     

    

  

3.5          Stock
Options. The Company may grant the Executive Stock Options from time to time in its absolute discretion. Any Stock Options
granted will be in accordance with the following provisions:

 

(a)          the
Stock Options will be subject to the terms and conditions of the Company stock option plan as may be amended from time to time
by the Board in its absolute discretion;

 

(b)          the
number of shares which may be purchased pursuant to the Stock Option will be in accordance with the Company’s plan for allocating
amounts of stock options to employees, as determined by the Board, any committee of the Board to whom the Board has delegated that
task, or any party to whom the Board has delegated that task;

 

(c)          the
terms and conditions attaching to the Stock Option including, without limitation, the number of shares which may be purchased pursuant
to the Stock Option, its exercise price, its term, its termination provisions and its vesting provisions, will be in the sole discretion
of the Board or any party to whom that task has been delegated; and

 

(d)          Stock
Options will otherwise be subject to the requirements of any stock exchange, securities commission or other similar regulatory
body having jurisdiction and rules and policies adopted by the Company’s compensation committee.

 

3.6         Withholding
of Taxes and other Statutory Remittances. The Company must withhold from any compensation and benefits payable under this Agreement
all federal, provincial, or other taxes and statutory remittances as may be required pursuant to any law or governmental regulation
or ruling.

 

3.7         Total
Compensation. The Executive agrees that the compensation described in article 3 of this Agreement compensates him for all hours
worked and that no overtime will be paid with respect to any hours worked by the Executive outside normal business hours.

 

4.           OWNERSHIP
OF DEVELOPMENTS

 

4.1         Rights
in Developments. All right, title and interest in and to any and all inventions, innovations, designs, artwork, logos, trade
dress, ideas, processes, improvements, trade secrets and patentable and copyrightable material (and all other intellectual property
rights therein) that the Executive develops or conceives of, solely or jointly with others, whether or not patentable or copyrightable,
at any time during the employment of the Executive by the Company and which relate to potential or actual business activities of
the Company (collectively, “Developments”) will be owned by the Company. For greater certainty, inventions or innovations
that meet the following conditions will not be considered Developments if, and only if: (a) the invention or innovation was developed
entirely on the Executive's own time; and (b) no equipment, supplies or facilities of the Company were used in its development.

 

    	 	5	 

     

    

 

4.2          Disclosure.
The Executive will disclose fully, as soon as practicable and in writing, all Developments to the Company.

 

4.3          Assignment
and Registration. The Executive hereby assigns, transfers and conveys to the Company (or such other member of the Company as
the Company may nominate from time to time) all of the Executive’s right, title and interest in and to any and all such Developments
since initiation of Executives employment to the Company. The Executive hereby waives in whole all moral rights which the Executive
may have in the Developments, including the right to the integrity of the Developments, the right to be associated with the Developments,
the right to restrain or claim damages for any distortion, mutilation or other modification of the Developments, and the right
to restrain use or reproduction of the Developments in any context and in connection with any product, service, cause or institution.
If requested to do so by the Company during the Term, the Executive agrees to provide the Company with any document or perform
any act necessary to enable the Company to establish ownership, including, inter alia:

 

(a)          complete
and obtain patent, trademark or copyright applications or registrations;

 

(b)          complete
and obtain extension, validation, reissue, continuance or renewal applications or registrations; and,

 

(c)          evaluate
or oppose any trademark or design applications, registrations or uses by third parties under Canadian or foreign law with respect
to any Developments.

 

The Company will be responsible
for the preparation of any such instruments, documents and papers and for the prosecution of any such proceedings and will reimburse
the Executive for all reasonable expenses incurred by the Executive in compliance with the provisions of this section 4.3.

 

5.           CONFIDENTIALITY
AND RESTRICTIVE COVENANTS

 

5.1         Confidential
Information. The Executive acknowledges and agrees that the Executive will have, during the course of the Executive’s
relationship with the Company, access to confidential, proprietary, business and trade secret information of the Company including
information concerning the technology, research, test procedures and results, machinery, equipment, hardware, software, programs,
manufacturing processes and products, assembly, services used, identity and description of components, purchasing, accounting,
engineering, marketing, selling and servicing, business methods, business plans and strategies, existing and potential customers
and any information or lists concerning the same, pricing, margins, billing methods and revenue models and sales and marketing
plans used, manufactured or developed by or for the Company, and information concerning suppliers or customers thereof, developed
and used in the course of the business of the Company and which has been and will be disclosed to the Executive in confidence (“Confidential
Information”). Confidential Information does not include: (i) information generally known or available in the industry, unless
it is available in the industry by reason of a breach by the Executive or by another of a legal obligation or duty; or (ii) information
provided by a person that is not a party to or bound by the terms of this Agreement and who did not receive the same, directly
or indirectly, from a member of the Company.

    	 	6	 

     

    

 

5.2         Non-Disclosure.
The Executive hereby agrees that the Executive will not, during the Executive’s employment with the Company or thereafter,
use or disclose the Confidential Information to any person for any reason or purpose whatsoever other than for the benefit of the
Company in furtherance of the Executive’s duties under this Agreement. Upon request by the Company at any time, and upon
termination of the Executive’s employment with the Company, for any reason or no reason whatsoever, the Executive will return
promptly to the Company, all Confidential Information and all software programs, papers, books, and any other property, documents
and data belonging to, or related to, the business of the Company.

 

5.3         Non-Competition.
The Executive agrees that for a period commencing on the Effective Date and continuing for one (1) year after the termination of
the Executive’s employment for any reason (such period is referred to as the “Restricted Period”), not to, directly
or indirectly, on the Executive’s own account or on behalf of others, serve as an employee, officer, director or consultant,
or in any other similar capacity or make investments (other than open market investments in no more than five percent (5%) of the
outstanding stock of any publicly traded company) in or on behalf of any person, firm, corporation, association or other entity
whose activities or products compete with the activities or products of the Company, at the time of termination, specifically developing,
commercializing, manufacturing, selling and servicing electric vehicles (the “Competitive Activities and Products”)
and where such engagement (as an employee, officer, director or consultant) would involve assisting such competitor with developing,
commercializing, selling, manufacturing, or servicing Competitive Activities and Products. The Executive acknowledges and agrees
that the Company Group provides products and service worldwide and understands that this restriction applies to the Executive on
a worldwide basis. The Executive further acknowledges and agrees that he will be able to make a living, notwithstanding these restrictions.

 

5.4         Non-Solicitation
of Customers and Potential Customers. The Executive agrees during the Restricted Period not to, directly or indirectly, other
than for the benefit of the Company, on the Executive’s own account or on behalf of others, solicit or recruit or accept
any business relating to the Competitive Activities and Products from a Customer (and their successors or assigns) and that the
Executive will not take any steps, directly or indirectly, to cause or to assist any other person to cause the Customer to cease
doing business with the Company, or to decrease its level of business with the Company.

 

5.5         Non-Solicitation
of Employees and Others. The Executive agrees during the Restricted Period not to directly induce or influence, or seek to
induce or influence any person who is engaged by the Company as an employee, agent, independent contractor, or otherwise to leave
the employ of or terminate the relationship with the Company or any successor or assign.

 

    	 	7	 

     

    

 

5.6         Notification
Requirement. If the Executive takes up a position as an employee, officer, director, consultant or other similar capacity during
the Restricted Period, he will give notice to the Company of such position within thirty (30) days following the date upon which
he takes up such position. Such notice will state the name and address of the person for whom such activity is undertaken and the
nature of the Executive’s business relationship(s) and position(s) with such person. The Executive will provide the Company
with such other pertinent information concerning such business activity as the Company may reasonably request in order to determine
the Executive’s continued compliance with the Executive’s obligations under this article 5.

 

5.7         Severability.
In the event that a covenant included in this article 5 will be deemed by any court to be unreasonably broad or otherwise unenforceable
in any respect, the court may sever the unenforceable covenant from this Agreement such that such unenforceable covenant will be
deemed eliminated from the provisions of this Agreement for the purpose of those proceedings to the extent necessary to permit
the remaining covenants to be enforced so that the validity, legality or enforceability of the remaining provisions of this article
5 will not be affected thereby.

 

5.8         Equitable
Relief. The Executive recognizes and acknowledges that irreparable injury would be caused to the Company by violating any of
the provisions of article 5 for which the Company would have an inadequate remedy at law. The Executive therefore agrees that in
addition to and without limitation of any rights which the Company may otherwise have, at law or in equity, the Company will have
the right to temporary, preliminary, and permanent injunctive relief against the Executive in a court of competent jurisdiction
in the event of such breach, or threatened breach, in addition to any other equitable relief (including without limitation an accounting
and/or disgorgement) and/or any other damages as a matter of law. No bond need be posted in conjunction with the application for,
or issuance of, an injunction (which requirement is hereby specifically and expressly waived by the Executive).

 

5.9         Survival.
The restrictive covenants contained in this article 5 will survive the termination of the Executive’s employment and termination
of this Agreement. The Executive agrees that the covenants contained in this article 5 are reasonable with respect to their duration
and scope, are necessary to protect the Company’s Confidential Information, customer relationships, and goodwill, and that
the covenants are ancillary to or part of an otherwise enforceable agreement.

 

6.           TERMINATION

 

6.1         Termination
for Cause. The Company will have the right to and may terminate this Agreement and the Executive’s employment hereunder
for Cause immediately upon written notice to the Executive. Following any such termination of this Agreement for Cause by the Company,
the Company will have no further obligations to the Executive under this Agreement other than the Company’s obligation to:

 

(a)           pay
the Executive Base Salary accrued to the date of termination;

 

(b)           pay
the Executive any accrued and unused vacation; and,

 

(c)           reimburse
the Executive for expenses incurred by the Executive through the termination date that are reimbursable pursuant to section 3.4.

    	 	8	 

     

    

 

6.2         Termination
Without Cause. The Company will have the right to and may terminate this Agreement and the Executive’s employment hereunder
at any time, for any reason or for no reason, without Cause, immediately upon notice to the Executive. Following any such termination
of this Agreement without Cause by the Company, the Company will have no further obligations to the Executive under this Agreement
other than the Company’s obligation to:

 

(a)           pay
the Executive Base Salary accrued to the date of termination;

 

(b)          pay
the Executive Severance Pay as determined in accordance with section 6.4 ;

 

(c)           reimburse
the Executive for expenses incurred by the Executive through the termination date that are reimbursable pursuant to section 3.4;
and

 

(d)           pay
the Executive any accrued and unused vacation.

 

6.3         Change
of Control. Within twelve (12) months following a Change of Control, the Executive may, in the Executive’s sole discretion,
elect to terminate the Executive’s employment on the provision of written notice to the Company. Following any such termination
of this Agreement, the Company will have no further obligations to the Executive under this Agreement other than the Company’s
obligation to:

 

(a)           pay
the Executive Base Salary accrued to the date of termination;

 

(b)           pay
the Executive Severance Pay as determined in accordance with section 6.4;

 

(c)           reimburse
the Executive for expenses incurred by the Executive through the termination date that are reimbursable pursuant to section 3.4;
and

 

(d)          pay
the Executive any accrued and unused vacation.

 

6.4         Severance
Pay. In the event that the Executive’s employment is terminated

 

(a)           by
the Company, without Cause; or

 

(b)           by
the Executive, in accordance with section 6.3,

 

the Executive will be entitled to
“Severance Pay” in an amount equal to twelve (12) months of Base Salary plus one (1) additional month of Base Salary
for each full year employed with the Company to a maximum of eighteen (18) months of Base Salary.

 

In addition, all Stock Options
will accelerate and vest as at the date of termination and be exercisable for the greater of 180 days or the greatest time permitted
for exercise after any termination of employment as set out in the Company stock option plan.

 

 

    	 	9	 

     

    

 

The Company will pay the Executive
Severance Pay forthwith, but in any event within two (2) weeks of the termination date (subject to earlier payment of some of the
Severance Pay in accordance with the requirements of the British Columbia Employment Standards Act). The Executive
agrees that Severance Pay exceeds the Executive’s entitlements under the British Columbia Employment Standards Act.
Upon satisfaction of its obligations under this section and under section 6.2 or 6.3, as applicable, the Company shall have no
further liability or obligation to the Employee under this Agreement, including but not restricted to liability for severance pay,
for failure to give reasonable notice, or for damages in lieu of reasonable notice.

 

6.5         Release.
Any obligation of the Company to the Executive hereunder for payments pursuant to sections 6.2, 6.3 is conditioned expressly upon
the Executive executing a release of claims in a form substantially similar to the form of Exhibit A.

 

6.6         Resignation
by the Executive. The Executive resign by providing the Company with not less than ninety (90) days prior written notice, in
which case this Agreement will terminate, and all obligations of each party to the other under this Agreement will terminate, on
the date specified in the notice, other than the Company’s obligation to:

 

(a)           pay
the Executive Base Salary accrued to the date of termination;

 

(b)           reimburse
the Executive for expenses incurred by the Executive through the termination date that are reimbursable pursuant to section 3.4;
and

 

(c)           pay
the Executive any accrued and unused vacation pay.

 

In its discretion, the Company
may elect to place the Executive on leave with pay and benefits during the notice period.

 

6.7         Death
or Disability. This Agreement will automatically terminate upon the death or Permanent Disability of the Executive, and upon
such termination, the Company’s obligations under this Agreement will immediately terminate other than the Company’s
obligation to:

 

(a)           pay
the Executive Base Salary accrued to the date of termination;

 

(b)           pay
the Executive any accrued and unused vacation pay; and

 

(c)           reimburse
the Executive for expenses incurred by the Executive through the termination date that are reimbursable pursuant to section 3.4.

 

In the event that the Executive
dies or suffers a Permanent Disability, any payments due and owing to the Executive under this subsection 6.7 will enure to the
benefit of the Executive’s heirs and/or estate.

 

6.8         Statutory
Withholdings. For greater clarity, payments under this article 6 are subject to the necessary deductions and/or withholdings
required by law.

 

    	 	10	 

     

    

 

7.           Release.
It shall be a pre-condition of the payments set out in section 6 herein that the Consultant sign
a Release of all claims and potential claims against the Company.

 

8.           GENERAL
PROVISIONS

 

8.1         Governing
Law. This Agreement and the rights and obligations of the parties hereunder will be governed by and construed in accordance
with the laws of the Province of British Columbia applicable to contracts made and to be performed therein without regard to its
conflicts or choice of law provisions. In connection with any disputes which arise out of or in connection with this Agreement,
the parties hereto hereby agree to submit to the non-exclusive jurisdiction of the courts of the Province of British Columbia.

 

8.2         Currency.
Unless otherwise provided in this Agreement, all dollar amounts are in Canadian dollars.

 

8.3         Notice.
All notices referred to in this Agreement will be in writing and may be delivered by ordinary first-class pre-paid post to the
other party at such address as each party advises the other in writing, from time to time; furthermore, every notice will be deemed
to have been received and given when it should, in the ordinary course of postage, have been delivered at the address to which
it was sent.

 

8.4         Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto relating to the subject matter hereof,
and supersedes any and all prior and collateral agreements with the exception of the original sale agreement between the Executive
and the Company. Understandings, statements and negotiations of the parties. There are no terms, obligations, covenants, representations,
statements or conditions, whether oral or written, express or implied, other than those contained herein. No variation or modification
of this Agreement, nor waiver of any of the terms and provisions hereof, will be deemed valid unless it is in writing and signed
by both parties.

 

8.5         Benefit.
This Agreement will enure to the benefit of and be binding upon the Company and its successors and assigns. Except as expressly
provided herein, the rights, benefits and obligations of the Executive under this Agreement are personal to the Executive, and
any voluntary or involuntary alienation, assignment or transfer by the Executive will be null and void.

 

8.6         Severability.
If any provision of this Agreement, as applied to any party or to any circumstance, will be found by a court to be void, invalid
or unenforceable, the same will in no way affect any other provision of this Agreement or the application of any such provision
in any other circumstance, or the validity or enforceability of this Agreement.

 

8.7         Consideration.
The Executive acknowledges the restrictions and limitations provided herein, including, but not limited to, the restrictions and
limitations set forth in article 4 (Ownership of Developments) and article 5 (Confidentiality and Restrictive Covenants) are reasonable
and necessary for the protection of the Company’s Confidential Information, trade secrets, customer relationships, and goodwill.

 

    	 	11	 

     

    

 

8.8         Waiver.
Failure by either party to insist upon strict compliance with any of the terms, covenants or conditions hereof will not be deemed
a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any right or remedy hereunder at any time
be deemed a waiver or relinquishment of such right or remedy.

 

8.9         Enforcement
Costs. If any party institutes any action or proceeding to enforce this Agreement or any provision herein, or for damages by
reason of any alleged breach of this Agreement, the prevailing party in any such action or proceeding will be entitled to receive
from the other party all costs and expenses, including reasonable legal fees, incurred by the prevailing party in connection with
the action or proceeding.

 

8.10       Counterparts
and Scanned Signatures. This Agreement may be executed in counterpart, each of which, when so executed, will be deemed to be
an original copy hereof, and all such counterparts together will constitute but one single agreement. The parties are authorized
to provide and agree to accept from the other party electronically scanned (portable document format) signatures on a counterpart
to this Agreement from the other party, and such portable document file will be deemed to be an original counterpart signature
page to this Agreement.

 

IN WITNESS WHEREOF, the parties hereto
have, through duly authorized officials, executed this Agreement effective as of the Effective Date.

 

ELECTRAMECANNICA VEHICLES CORP.

 

	Per:	/s/ BAL BHULLAR	 
	 	BAL BHULLAR	 
	 	CHIEF FINANCIAL OFFICER	 

 

	SIGNED, SEALED and DELIVERED by 	)	 
	HENRY REISNER in the presence of:	)	 
	 	)	 
	 	) 	 
	 	)	/s/ HENRY REISNER
	 	)	HENRY REISNER
	 	)	 
	 	)	 
	 	)	 
	 	)	 
	 	)	 

 

    	 	12	 

     

    

 

EXHIBIT A

 

RELEASE OF CLAIMS

 

FOR AND IN CONSIDERATION
OF the benefits to be provided me in connection with the termination of my employment, as set forth in the agreement between me
and Electramecannica Vehicles Corp. (the “Company”) signed as of _____________________ (the “Agreement”),
which are conditioned on my signing this Release of Claims and to which I am not otherwise entitled, I, on my own behalf and on
behalf of my heirs, executors, administrators, beneficiaries, representatives and assigns, and all others connected with or claiming
through me, hereby release and forever discharge the Company, its subsidiaries, parents, and other affiliates and all of its and
their respective past, present and future officers, directors, trustees, shareholders, employees, agents, general and limited partners,
members, managers, joint venturers, representatives, successors and assigns, and all others connected with any of them, both individually
and in their official capacities, from any and all causes of action, rights or claims of any type or description, known or unknown,
which I have had in the past, now have, or might now have, from the beginning of time through the date of my signing of this Release
of Claims, in any way resulting from, arising out of or connected with my employment by the Company or any of its subsidiaries
or other affiliates or the termination of that employment. For instance, without limiting the generality of the foregoing, the
claims released herein include, but are not limited to any claims for notice, pay in lieu of notice, wrongful dismissal, termination
pay, severance pay, commissions, bonus, overtime pay, incentive compensation, benefits (including, but not limited to, short-term
and long-term disability benefits), interest, vacation pay, negligence, personal injury, aggravated or punitive damages, or any
claims whatsoever under the British Columbia Employment Standards Act, British Columbia Human Rights Code, or any
other applicable federal, provincial or local laws, statutes, regulations, or ordinances, as well as any and all common law causes
of action. I further represent that I am aware of my rights under the British Columbia Human Rights Code and the British
Columbia Employment Standards Act, and confirm that the Releasees have complied with the British Columbia Human Rights
Code and the British Columbia Employment Standards Act in respect of my employment and cessation from such employment,
and all related matters.

 

I CONFIRM there are no outstanding claims
in regards to my cessation of employment.

 

IT IS COVENANTED AND AGREED that I will
not publish, post or disseminate any derogatory, inflammatory or disparaging materials or comments regarding the Releasees.

 

IT IS UNDERSTOOD AND AGREED that the giving
of the aforementioned consideration is deemed to be no admission of liability on the part of the said Releasees, said liability
in fact being denied.

 

    	 	13	 

     

    

 

FURTHER IT IS UNDERSTOOD AND AGREED THAT
in the event that I should hereafter make any claim or demand or commence or threaten to commence any action or complaint against
the Releasees for or by reason of any cause, matter or thing in respect of the matters released herein, this document may be raised
as an estoppel to any claim, demand, action or complaint commenced in regard to the aforesaid. I agree that if I violate this covenant
not to sue, I will pay all costs and expenses of defending against the proceeding or claim incurred by the Releasees, including
lawyer’s reasonable fees and disbursements.

 

IT IS COVENANTED AND AGREED that I will
not disclose the terms or nature of the settlement evidenced by the within Release of Claims, save and except for my immediate
family, my legal and financial advisors, and only after these individuals agree to be bound by the confidentiality terms of this
settlement, or as may be required by law.

 

IN WITNESS WHEREOF I have hereunto executed
this Release of Claims by affixing my hand and seal this _____ day of _________________, ______, in the presence of the witness
whose signature is subscribed below.

 

	SIGNED, SEALED and DELIVERED by 	)	 
	HENRY REISNER in the presence of:	)	 
	 	)	 
	 	) 	 
	 	)	 
	Witness Signature	)	HENRY REISNER
	 	)	 
	Name	)	 
	 	)	 
	Address	)	 
	 	)	 

 

    	 	14

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