SEC Contract Filing

Filing Date: 2021-05-24

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ex10-2.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.2</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EMPLOYMENT
AGREEMENT&nbsp;</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
EMPLOYMENT AGREEMENT</B> (this &ldquo;<B><I>Agreement</I></B>&rdquo;), dated as of May 24, 2021 to be effective as of the Closing
Date, as defined below (the &ldquo;<B><I>Effective Date</I></B>&rdquo;), entered into by and between Peter Facchini (the &ldquo;<B><I>Executive</I></B>&rdquo;)
and Enveric Biosciences, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;). The Company and the Executive shall be referred to herein as
the &ldquo;<B><I>Parties</I></B>.&rdquo;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Whereas</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,
the Company anticipates entering into that certain Amalgamation Agreement (the &ldquo;<B><I>Purchase Agreement</I></B>&rdquo;) by and
among the Company, 1306436 B.C. Ltd. (&ldquo;<B><I>Purchaser</I></B>&rdquo;), 1306432 B.C. Ltd., and MagicMed Industries, Inc. (&ldquo;<B><I>MagicMed</I></B>&rdquo;),
pursuant to which the Company, through Purchaser, will acquire all of the outstanding securities of MagicMed;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
upon the Closing Date (as defined in the Purchase Agreement), the Company desires to employ the Executive as its Chief Scientific Officer,
and the Executive desires to be employed by the Company as its Chief Scientific Officer effective as of the Effective Date; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Whereas</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,
the Company and the Executive desire to state in writing the terms and conditions of their agreement and understandings with respect
to the employment of the Executive on and after the Closing Date.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Now,
Therefore</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">, in consideration of the mutual promises
and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be legally bound, the Parties hereby agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ARTICLE
I.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B><U>Services
to be Provided by Executive</U></B></FONT></P>

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