SEC Contract Filing

Filing Date: 2025-03-13

Document Content:
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<TYPE>EX-10.23
<SEQUENCE>3
<FILENAME>zom-20241231xex10d23.htm
<DESCRIPTION>EX-10.23
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<html><head></head><body link=blue lang="EN-US"><div><div align="center"><div align="center"><div style="position:absolute; top:17px; right:64px; font-family:'Times New Roman'; font-size:10pt; font-weight:bold;">Exhibit 10.23</div><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img src="zom-20241231xex10d23g001.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">&lt;.&#xFFFD; ZOMEDICA'.
December 29, 2021
Mr. Tony Blair
29265 Sivey Road
Richwood, Ohio 43344
Dear Tony:
On behalf of Zomedica Inc., I am pleased to extend a formal offer of employment to you as Vice
President of Operations. This letter will detail our conditional offer of employment.
&#x2022; Position. You will be appointed as Executive Vice President of Operations and will report
to the Chief Executive Officer.
&#x2022; Term. Your employment will begin following your satisfaction of the conditions of this
offer, and a definitive start date will be determined at that time. Employment will be for
an indefinite term. Nothing in this letter modifies or is intended to modify your at-will
relationship with Zomedica. Only an agreement signed by you, and the CEO on behalf on
Zomedica, can modify the at-will employment relationship.
&#x2022; Base Salary. Your annual base salary will be $240,000, paid semi-monthly.
&#x2022; Bonus Potential. You will be eligible for a bonus equal to 30% of salary, dependent upon
goals and objectives established by Zomedica and your direct manager.
&#x2022; Equity Position. You will be awarded an option to purchase 3,000,000 shares of Zomedica
common stock at a strike price equal to the closing price of our stock on the later of the
trading day of the formal approval of your options at a regularly scheduled meeting of the
Zomedica Board of Directors or your employment date. Your options will vest over a four-year period of time with a vesting schedule as follows:
o 25% after the end of year one of employment
o 25% after the end of year two of employment
o 25% after the end of year three of employment
o 25% after the end of year four of employment
&#x2022; Benefit Plans. You will be eligible for all Zomedica benefit plans offered to Zomedica
employees according to the terms of those plans, including medical and dental insurance
and a 401(k) plan.
PTO. In addition to Zomedica' s paid holiday, you will be entitled to four weeks of PTO
annually, to be used for vacation or sick days. Accrual of PTO begins on your first day of
100 Phoenix Drive, Suite 125, Ann Arbor, Ml 48108 I P: +1 734-369-2555 I F: +1 734-436-4135 I www.zomedica.com
EXHIBIT 10.23</font></p></td></tr></table></div><div style="margin-left:2.6515151515151%;margin-right:2.65151515151515%;page-break-after:always;" ><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div align="center"><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img src="zom-20241231xex10d23g002.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;"></font></p></td></tr></table></div><div style="margin-left:2.6515151515151%;margin-right:2.65151515151515%;page-break-after:avoid;" ><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div></div></div></body></html>
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