Fifth Amendment to Employment Agreement between QLT Inc. and Dr. Geoffrey Cox, dated September 16, 2016

EX-10.1 2 ex10_1.htm EXHIBIT 10.1

Exhibit 10.1

By E-mail

September 16, 2016

Dr. Geoffrey F. Cox

480 Beacon St., #1

Boston, MA 02115

Dear Geoff:

Re:	Employment Agreement Amendment

Further to our recent discussions, this letter confirms our agreement to amend your Employment Agreement dated October 23, 2014 and amended April 21, 2015, October 8, 2015, April 7, 2016 and June 17, 2016 (the “Employment Agreement”).

Paragraph 1.1 of your Employment Agreement currently provides for a 24 month term of employment ending on October 22, 2016. We agree to amend your Employment Agreement to extend the term of your Employment Agreement to 30 months from the Commencement Date.

The capitalized terms that are not defined in this letter have the same meaning as the same capitalized term in your Employment Agreement.

Except as and only to the extent amended by this letter, your Employment Agreement will continue to apply to your employment with QLT Inc. and all remaining terms of the Employment Agreement will remain unchanged.

This amendment of your Employment Agreement is effective as of the date of this letter.

Please confirm your agreement to this amendment to your Employment Agreement by signing where indicated below and returning to us a copy of this letter.

If you have any questions, please contact me.

Yours truly,

QLT Inc.

/s/ Mr. Jeffrey Meckler
Mr. Jeffrey Meckler
Director

I confirm that I have agreed to the amendments to my Employment Agreement dated October 23, 2014 and amended April 21, 2015, October 8, 2015, April 7, 2016 and June 17, 2016 on the terms as set out above.

/s/ Dr. Geoffrey F. Cox		September 16, 2016
Dr. Geoffrey F. Cox