Date of Report (Date of earliest event reported):
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June 24, 2016
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Nevada
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001-33125
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91-1766677
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(State or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number) |
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925 West Georgia Street, Suite 1908
Vancouver, B.C.
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V6C 3L2
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
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604-687-5800
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Item 9.01 | Financial Statements and Exhibits. |
Exhibit No.
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Description
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10.1
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Brian Edgar.
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10.2
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Timothy Barry.
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10.3
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Sean Fallis.
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Date: June 24, 2016
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SILVER BULL RESOURCES, INC.
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By:
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/s/ Sean Fallis
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Name:
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Sean Fallis
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Title:
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Chief Financial Officer
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Exhibit No.
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Description
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10.1
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Brian Edgar.
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10.2
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Timothy Barry.
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10.3
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Amendment to Amended and Restated Employment Agreement, dated June 24, 2016, by and between the Company and Sean Fallis.
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1. | Amendment . Effective June 1, 2016, the Executive agrees to a return to their Base Salary of $7,500 CDN per month as stated in Section 3; 3.1 of the Employment Agreement. |
2. | No Other Waiver or Amendment . Except as expressly modified herein, all terms and provisions of the Agreement shall remain unchanged and in full force and effect. This Amendment shall not be deemed to prejudice any rights or remedies which any Party may now have or may have in the future under or in connection with the Agreement or any of the instruments or agreements referred to therein, as the same may be amended, restated or otherwise modified. |
3. | Governing Law . This Amendment shall be governed by and construed in accordance with the laws of the province of British Columbia and the federal laws of Canada applicable therein, which shall be deemed to be the proper law hereof. The Parties hereby attorn to and submit to the jurisdiction of the courts of British Columbia. |
4. | Counterparts . This Amendment may be executed in one or more counterparts, each of which when executed shall be deemed to be an original, and such counterparts shall together constitute one and the same instrument. |
5. | Legal Advice. Executive acknowledges this Amendment has been prepared by the Company and that the Executive has had sufficient time to review this Amendment thoroughly, including enough time to obtain independent legal advice concerning the interpretation and effect of this Amendment prior to their execution. By signing this Amendment, Executive represents and warrants that he has read and understood this Amendment and that he executes them of his own free will and act. |
SIGNED, SEALED AND DELIVERED by in the presence of:
/s/ David Xuan
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)
) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) |
/s/ Brian Edgar
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Witness
David Xuan
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Brian Edgar
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Name
1908 – 925 West Georgia Street
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Address
Vancouver, British Columbia
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Corporate Controller
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Occupation
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1. | Amendment . Effective June 1, 2016, the Executive agrees to a return to their Base Salary of $18,000 CDN per month as stated in Section 3; 3.1 of the Employment Agreement. |
2. | No Other Waiver or Amendment . Except as expressly modified herein, all terms and provisions of the Agreement shall remain unchanged and in full force and effect. This Amendment shall not be deemed to prejudice any rights or remedies which any Party may now have or may have in the future under or in connection with the Agreement or any of the instruments or agreements referred to therein, as the same may be amended, restated or otherwise modified. |
3. | Governing Law . This Amendment shall be governed by and construed in accordance with the laws of the province of British Columbia and the federal laws of Canada applicable therein, which shall be deemed to be the proper law hereof. The Parties hereby attorn to and submit to the jurisdiction of the courts of British Columbia. |
4. | Counterparts . This Amendment may be executed in one or more counterparts, each of which when executed shall be deemed to be an original, and such counterparts shall together constitute one and the same instrument. |
5. | Legal Advice. Executive acknowledges this Amendment has been prepared by the Company and that the Executive has had sufficient time to review this Amendment thoroughly, including enough time to obtain independent legal advice concerning the interpretation and effect of this Amendment prior to their execution. By signing this Amendment, Executive represents and warrants that he has read and understood this Amendment and that he executes them of his own free will and act. |
SIGNED, SEALED AND DELIVERED by in the presence of:
/s/ David Xuan
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)
) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) |
/s/ Timothy Barry
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Witness
David Xuan
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Timothy Barry
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Name
1908 – 925 West Georgia Street
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Address
Vancouver, British Columbia
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Corporate Controller
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Occupation
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1. | Amendment . Effective June 1, 2016, the Executive agrees to a return to their Base Salary of $180,000 CDN per annum as stated in Section 3; 3.1 of the Employment Agreement. |
2. | No Other Waiver or Amendment . Except as expressly modified herein, all terms and provisions of the Agreement shall remain unchanged and in full force and effect. This Amendment shall not be deemed to prejudice any rights or remedies which any Party may now have or may have in the future under or in connection with the Agreement or any of the instruments or agreements referred to therein, as the same may be amended, restated or otherwise modified. |
3. | Governing Law . This Amendment shall be governed by and construed in accordance with the laws of the province of British Columbia and the federal laws of Canada applicable therein, which shall be deemed to be the proper law hereof. The Parties hereby attorn to and submit to the jurisdiction of the courts of British Columbia. |
4. | Counterparts . This Amendment may be executed in one or more counterparts, each of which when executed shall be deemed to be an original, and such counterparts shall together constitute one and the same instrument. |
5. | Legal Advice. Executive acknowledges this Amendment has been prepared by the Company and that the Executive has had sufficient time to review this Amendment thoroughly, including enough time to obtain independent legal advice concerning the interpretation and effect of this Amendment prior to their execution. By signing this Amendment, Executive represents and warrants that he has read and understood this Amendment and that he executes them of his own free will and act. |
SIGNED, SEALED AND DELIVERED by in the presence of:
/s/ David Xuan
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)
) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) |
/s/ Sean Fallis
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Witness
David Xuan
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Sean Fallis
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Name
1908 – 925 West Georgia Street
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Address
Vancouver, British Columbia
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Corporate Controller
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Occupation
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