Amending Agreement to Executive Employment Agreement between Equal Energy Ltd. and Scott A. Smalling (July 15, 2013)
This agreement, dated July 15, 2013, is between Equal Energy Ltd. and Scott A. Smalling. It amends the original Executive Employment Agreement from February 1, 2013, by updating Mr. Smalling's position to Senior Vice President, Finance and Chief Financial Officer. All other terms of the original agreement remain unchanged and in effect.
Exhibit 10.5
AMENDING AGREEMENT
Amending agreement dated July 15, 2013 between SCOTT A. SMALLING (the “Executive”) and EQUAL ENERGY LTD. (the “Corporation”).
RECITALS:
| (a) | The Executive and the Corporation have entered into an Executive Employment Agreement dated February 1, 2013 (the “Original Agreement”); and |
| (b) | The Executive and the Corporation wish to amend the Original Agreement as provided in this amending agreement. |
In consideration of the above and the mutual agreements contained in this amending agreement (the receipt and adequacy of which are acknowledged), the parties agree as follows:
Section 1 Amendment to Position Title
The first sentence of section 2.1 of the Original Agreement is amended as of the date of this amending agreement to read as follows:
The Executive shall serve the Corporation in the capacity of Senior Vice President, Finance and Chief Financial Officer.
Section 2 Effect on the Original Agreement
Except as specifically amended by this amending agreement, the provisions of the Original Agreement remain in full force and effect.
IN WITNESS WHEREOF the parties have executed this amending agreement as of the 15th day of July, 2013.
| EQUAL ENERGY LTD. | ||||||
| /s/ Don Klapko | ||||||
| Don Klapko | ||||||
| President and C.E.O. | ||||||
| /s/ Scott A. Smalling | ||||||
| Witness | Scott A. Smalling | |||||
