AMENDMENTNO. 3 TO EMPLOYMENT AGREEMENT BE T W E E N: DRASKOPUSELJIC ofthe City of Toronto inthe Province of Ontario (hereinafterreferred to as the “Executive”) -and - ENHANCESKIN PRODUCTS INC. acorporation incorporated pursuant to the lawsof the State of Nevada (hereinafterreferred to as the “Corporation”)

EX-10.4 5 ex10-4.htm

AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT

B E T W E E N:

DRASKO PUSELJIC

of the City of Toronto

in the Province of Ontario

(hereinafter referred to as the “Executive”)

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ENHANCE SKIN PRODUCTS INC.

a corporation incorporated pursuant to the

laws of the State of Nevada

(hereinafter referred to as the “Corporation”)

WHEREAS the Corporation and Executive are parties to an Employment Agreement made effective March 5, 2013 and Amendment No 1 to Employment Agreement and Termination Agreement dated March 3, 2014 and Amendment No. 2 to Employment Agreement made effective August 1, 2015 (collectively the “Employment Agreement”);

AND WHEREAS Corporation and Vis Vires Group Inc. are parties to a Convertible Promissory Note dated June 19, 2015 (“The Vis Vires Promissory Note”) and a Securities Purchase Agreement dated June 19, 2015 (“The Vis Vires Securities Purchase Agreement”);

AND WHEREAS the parties hereto wish to amend the terms of the Employment Agreement with effect from March 21, 2016 (“Effective date”);

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed as follows:

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1.	Section 2.01(c) of the Employment Agreement, is amended by deleting it and replacing it with the following:

(c) Prior to receipt of Threshhold Funding, payments required to be made under this Section 2.01 shall be made as follows:

	(1)	For the period August 1, 2015 to October 31, 2015 the Corporation shall pay the Consultant the sum of twenty one thousand United States dollars (US$21,000) to be satisfied seventy percent (70%) in common shares of the Corporation at the price of $0.0018 and thirty percent (30%) in cash, all such payments to be made within 30 days of the receipt of Threshhold Funding.

	(2)	For the period November 1, 2015 to January 31, 2016 the Corporation shall pay the Consultant for the value Services provided in that period to be satisfied seventy percent (70%) in common shares of Corporation at the price of $0.0018 and thirty percent (30%) in cash, all such payments to be made within 30 days of the receipt of Threshhold Funding.

	(3)	For the period from February 1, 2016 the Corporation shall pay the Consultant for the value of Services provided in that period to be satisfied 70% in common shares of Corporation at the weighted average price of the new shares issued to non-related third parties after the Effective date (excluding shares issued under The Vis Vires Promissory Note) and 30% in cash, all such payments to be made within 30 days of the receipt of Threshhold Funding.

The Corporation’s obligation to make payments under this Section 2.01(c) is contingent upon the Corporation receiving Threshhold Funding by April 30, 2017.

2.	Except as set out in this Amendment Agreement, the Employment Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is any conflict between any provision of this Amendment Agreement and the Employment Agreement, the terms of this Amendment Agreement shall prevail.

3.	This Agreement and all of the rights and obligations arising herefrom shall be interpreted and applied in accordance with the laws of the Province of Ontario and the courts of the Province of Ontario shall have exclusive jurisdiction to determine all disputes relating to the Agreement and all of the rights and obligations created hereby. The Executive and the Corporation hereby irrevocably attorn to the jurisdiction of the courts of the Province of Ontario.

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IN WITNESS WHEREOF the parties here have caused this Agreement to be executed.

SIGNED, SEALED AND DELIVERED	)
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	Drasko Puseljic

	ENHANCE SKIN PRODUCTS INC.


	Per: Donald Nicholson, President & CEO