SEC Contract Filing

Filing Date: 2016-03-23

Document Content:
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<TYPE>EX-10.23
<SEQUENCE>5
<FILENAME>ex10-23.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT - DANIELS
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<P STYLE="margin: 0"><A HREF="admp_10k-123115.htm">ADAMIS PHARMACEUTICALS CORPORATION 10-K</A></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.23</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXECUTIVE EMPLOYMENT AGREEMENT</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS EXECUTIVE EMPLOYMENT
AGREEMENT</B> (&ldquo;<B><I>Agreement</I></B>&rdquo;) is dated as of December 31, 2015 (the &ldquo;<B><I>Effective Date</I></B>&rdquo;)
and is entered into by and between <B>Adamis Pharmaceuticals Corporation</B>, a Delaware corporation (&ldquo;<B><I>Company</I></B>&rdquo;),
and Karen K. Daniels (&ldquo;<B><I>Executive</I></B>&rdquo;).</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Executive is currently employed by the Company as its Vice President of Operations.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Executive and the Company are currently parties to an Employment Agreement dated July 2, 2012 (the &ldquo;<B><I>Prior Agreement</I></B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company and Executive desire to formally restate the terms and conditions of Executive&rsquo;s employment by the Company and
to provide Executive with certain benefits upon a qualifying termination of such employment.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company desires to continue to employ Executive in the executive capacity hereinafter stated, and the Executive desires to
continue in the employ of the Company in such capacity for the period and with the terms and conditions set forth herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Agreement shall supersede and completely replace the Prior Agreement as of the Effective Date.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,</B>
in consideration of the promises and the covenants set forth in this Agreement and for other valuable consideration, the parties
hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Employment. </B>The Company hereby employs Executive as Vice President of Operations, assigned with responsibilities to do and
perform all services, acts, or things necessary or advisable to manage and conduct the business of the Company, subject at all
times to the policies set by the Board of Directors of the Company (the &ldquo;<B><I>Board</I></B>&rdquo;), and to the consent
of the Board when required by the terms of this contract. Executive hereby accepts such employment and agrees to devote such time
and energies as appropriate to fulfill all responsibilities to the Company. Executive shall be employed at will.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Compensation. </B>In consideration for all services rendered by Executive under this Agreement, Executive shall receive the