The term shall commence the 1st of June, 2016 (the “Effective Date”) and shall continue until the close of business on the 28th of February, 2019 (the “Term”). This Agreement does not constitute a guarantee of continued employment but instead provides for certain rights and benefits for the Executive during his employment, and in the event his employment with the Company terminates under the circumstances described herein.  Effective the 31st of May, 2016, Executive resigns from his position as President Production Group of the Company and will remain employed by the Company during the Term, unless otherwise terminated under Section 4.  During the Term, the Executive shall be employed as a Senior Advisor reporting to the Chief Executive Officer.