Amendment to Advisory Agreement between Algae Dynamics Corporation and Connectus Inc.
Contract Categories:
Business Operations
›
Advisory Agreements
Summary
Algae Dynamics Corporation and Connectus Inc. have agreed to amend their existing Advisory Agreement. The amendment fixes the number of company shares that Connectus can purchase through warrants at 625,000 shares, as detailed in attached warrant agreements. All other terms of the original Advisory Agreement remain unchanged. This amendment is effective as of September 5, 2014.
EX-10.6(B) 14 adc_106b.htm AMENDMENT TO ADVISORY AGREEMENT WITH CONNECTUS adc_106b.htm
Exhibit 10.6(b)
[Letterhead of Algae Dynamics]
September 5, 2014
Re-: Amendment to Advisory Agreement
Reference is made to that certain Advisory Agreement dated March 11, 2014, as amended (the “Agreement”), between Connectus Inc. (“Connectus”) and Algae Dynamics Corporation (formerly known as Converted Carbon Technologies Corp.) (the "Company"). Pursuant to the Agreement, Connectus was entitled to warrants to purchase 5% of the outstanding shares of the Company following a subsequent financing subject to certain vesting provisions of the Agreement. The parties to the Agreement desire to amend the Agreement to fix the number of shares subject the warrants at 625,000 (post-split) common shares pursuant to warrant agreements attached here as Exhibit “A” and Exhibit “B” attached hereto. Except as explicitly amended by this letter, the Agreement, as previously amended, shall remain in full force and effect.
Connectus Inc. | Algae Dynamics Corporation | |||||
By: | By: | |||||
P. Blair Mullin, President | Paul Ramsay, President |