SEC Contract Filing

Filing Date: 2023-01-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10046322_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>
 <head>
 <title></title>
 <!-- Licensed to: Summit, a Broadridge Company
 Document created using Broadridge PROfile 22.12.1.5105
 Copyright 1995 - 2023 Broadridge -->
 </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
 <!--PROfilePageNumberReset%Num%1%Page % of 5%-->
 <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
 <div>
 <div style="text-align: right; margin-left: 187.9pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit 10.1</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">MINUTES OF SETTLEMENT</div>
 <div style="font-size: 10pt;"><br>
 </div>
 <div style="text-align: left; margin-left: 18pt; font-family: 'Times New Roman'; font-size: 10pt;">BETWEEN:</div>
 <div style="font-size: 10pt;"><br>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">DOMENIC SERAFINO</div>
 <div style="font-size: 10pt;"><br>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">and</div>
 <div style="font-size: 10pt;"><br>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">VENUS CONCEPT CANADA CORP.</div>
 <div style="font-size: 10pt;"><br>
 </div>
 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(each a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Party</font>&#8221; and together, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Parties</font>&#8221;)</div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS </font><font style="font-size: 10pt;">the employment of Domenic Serafino (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Mr. Serafino</font>&#8221;) was terminated by Venus Concept Canada Corp. (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Venus</font>&#8221; or the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Company</font>&#8221;) on or about October 2, 2022 (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Termination Date</font>&#8221;);</font></div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AND WHEREAS </font><font style="font-size: 10pt;">Mr. Serafino alleged that he was
 wrongfully dismissed from his employment with Venus (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Claim</font>&#8221;);</font></div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AND WHEREAS </font><font style="font-size: 10pt;">Venus has paid Mr. Serafino all
 outstanding salary, and has continued Mr. Serafino&#8217;s base salary and car allowance from the Termination Date;</font></div>
 <div style="font-size: 10pt;">&#160;</div>
 <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">AND WHEREAS </font><font style="font-size: 10pt;">the Parties have agreed to settle all
 matters arising from Mr. Serafino&#8217;s employment with Venus and the termination of his employment on the following terms and conditions:</font></div>
 <div style="font-size: 10pt;">&#160;</div>
 <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4fc86a25862449f4900e49939bc879d6">

 <tr>
 <td style="width: 23.6pt; font-size: 10pt;"><br>
 </td>
 <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">1.</td>
 <td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
 <div style="font-family: 'Times New Roman';">For the purposes of the agreement set out herein, Venus shall include any and all predecessor, successor, affiliated, subsidiary, associated or related companies of Venus, and any and all officers,
 directors, employees, servants, agents, members of the Board of Directors and their successors and assigns as defined herein.</div>
 </td>
 </tr>

 </table>
 <div style="font-size: 10pt;">&#160;</div>
 <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze2ef409dffef4d0088252e432f2d4afc">

 <tr>
 <td style="width: 23.6pt; font-size: 10pt;"><br>
 </td>
 <td style="width: 18.05pt; vertical-align: top; font-family: 'Times New Roman'; font-size: 10pt;">2.</td>
 <td style="width: auto; vertical-align: top; text-align: left; font-size: 10pt;">
 <div style="font-family: 'Times New Roman';">Venus will pay Mr. Serafino USD$363,000 in respect of 2021 bonus on or before December 31, 2022.</div>
 </td>
 </tr>

 </table>
 <div style="font-size: 10pt;"><br>
 </div>
 <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9d507ffcefea460e89481383e4207b8c">

 <tr>
 <td style="width: 23.6pt; font-size: 10pt;"><br>
 </td>
 <td style="width: 18pt; vertical-align: top; font-family: