EX-10.16 3 ex10-16.htm

 

Exhibit 10.16

 

 

  5th Floor
  9 Bond Court
  Leeds
  LS1 2JZ

 

Richard Avison    
7 Huyton Avenue    
St Helens    
Merseyside    
WA10 6LU   19th July 2021

 

LETTER OF VARIATION No. 2

 

Dear Richard,

 

Re: SERVICE AGREEMENT DATED 1st November 2017 (“AGREEMENT”)

 

We are pleased to make the following amendments to the above agreement effective 1st July 2021.

 

This letter confirms that the following 2 (two) sections of the Agreement are amended in accordance with Section 26 of the Agreement as follows:

 

Section 4: Duties: is amended

 

And replaced with

 

Section 4: Duties

 

4.1 The Employee shall serve the Company as Vice President (VP) of Finance.

 

Section 7: Salary: is amended

 

And replaced with

 

Section 7: Salary:

 

7.1 The Employee shall be paid a salary of £134,200 per annum.

 

registered in England and Wales (registered number 08840579).

 

 
 

 

 

  5th Floor
  9 Bond Court
  Leeds
  LS1 2JZ

 

All other sub-sections within Section 7 in the Agreement remain unchanged. All other terms and conditions of the Agreement remain in full force and effect.

 

For and on behalf of 4D PHARMA PLC
         
Signed:   Date:
         
Name:   Title:  
         
For and on behalf of RICHARD AVISON
         
Signed:   Date:
         
Name:     Title:  

 

registered in England and Wales (registered number 08840579).