Third Amendment to Employment Agreement among Goodness Growth Holdings, Inc., Vireo Health, Inc. and Amber Shimpa, effective February 12, 2023

Contract Categories: Human Resources - Employment Agreements
EX-10.3 4 tm237268d1_ex10-3.htm EXHIBIT 10.3

 

Exhibit 10.3

 

THIRD AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Third Amendment to Employment Agreement (“Third Amendment”) is made effective as of February 12, 2023 (“Effective Date”) by and among Goodness Growth Holdings, Inc., a British Columbia corporation (“Parent”), Vireo Health, Inc., a Delaware corporation (the “Employer”) and Amber Shimpa, an individual residing in the State of Minnesota (“Employee”) (collectively “Parties” or individually “Party”).

 

RECITALS

 

WHEREAS, Employer, Parent and Employee entered into an Employment Agreement dated December 1, 2020, and a First Amendment to Employment Agreement dated February 2, 2022 and a Second Amendment to Employment Agreement erroneously dated February 2, 2022 but effective December 14, 2022 (collectively, the “Current Agreement”); and

 

WHEREAS, Employer and Employee have agreed to modify Employee’s title and appoint her to a specific office of a subsidiary of Employer; and

 

WHEREAS, the Parties wish to amend the Current Agreement as set forth in this Amendment.

 

NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the receipt and sufficiency of which are hereby acknowledged, Parent, Employer and Employee, intending legally to be bound, hereby agree as follows:

 

AGREEMENT

 

7.                   Position. Effective immediately, Employee shall become President of Parent and Employer, and Chief Executive Officer of Employer’s subsidiary, Vireo Health of Minnesota, LLC.

 

8.                   General. All capitalized terms used but not defined in this Third Amendment shall have the meanings ascribed in the Current Agreement. All provisions of the Current Agreement not expressly modified by this Third Amendment are hereby ratified and confirmed.

 

THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT was voluntarily and knowingly executed by the Parties effective as of the Effective Date.

 

[Signature Page Follows]

 

 

 

 

  VIREO HEALTH, INC.
   
Date: February 12, 2023 By: /s/ John Heller
  John Heller
  Chief Financial Officer
   
   
  EMPLOYEE:
   
Date: February 12, 2023 /s/ Amber Shimpa
  Amber Shimpa
   
   
  GOODNESS GROWTH HOLDINGS, INC.
   
Date: February 12, 2023 By: /s/ John Heller
  John Heller
  Chief Financial Officer