Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Acquisition Officer Compensation
Effective July 19, 2021, LifeMD, Inc. (the "Company") and Nicholas Alvarez, its
Chief Acquisition Officer, entered into the First Amendment (the "Amendment") to
the Amended and Restated Employment Agreement dated December 8, 2020 (the
"Agreement") between the Company and Mr. Alvarez to (i) increase Mr. Alvarez's
base salary from $172,400 to $300,000 per year, (ii) specify that the
discretionary Performance Bonus (as defined in the Amendment) may be up to
$125,000 and (iii) change the governing law of the Agreement to New York.
Item 5.02 of this Current Report on Form 8-K contains only a brief description
of the material terms of the Amendment and does not purport to be a complete
description of the rights and obligations of the parties to the Amendment, and
such description is qualified in its entirety by reference to the full text of
the Amendment, which is attached as Exhibit 10.1 to this current report on Form
8-K and is incorporated herein by reference.
Item 9.01 Exhibits
Exhibit No. Exhibit
10.1 First Amendment to the Amended and Restated Employment Agreement
between Nicholas Alvarez and LifeMD, Inc., dated July 19, 2021
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