Amendment to Employment Agreement between Aterian, Inc. and Arturo Rodriguez
This amendment updates the employment terms for Arturo Rodriguez at Aterian, Inc. Effective June 26, 2024, his annual salary is set at $360,000. He will receive 176,000 shares of restricted common stock, vesting over approximately three years, and is eligible for an annual performance bonus at 75% of his base salary for fiscal 2024. All other terms of his original employment agreement remain unchanged.
Exhibit 10.3
June 26, 2024
Arturo Rodriguez
(via email only to ***@***)
Re: Amendments to your Employment Agreement
Dear Arty,
This will amend your employment arrangements with Aterian, Inc. (the “Company”) as set forth in that letter agreement dated September 18, 2017 between you and the Company (as amended from time to time, collectively, the “Employment Agreement”).
We agree that, beginning June 26, 2024, your annual salary will be $360,000.
We also agree to the following:
| ● | You will be granted 176,000 shares of restricted common stock of the Company, vesting one-third on the approximate one-year anniversary of the date of grant and thereafter in eight equal quarterly installments |
| ● | You are eligible to receive an annual cash or stock performance bonus at a target rate of 75% of your base salary for fiscal 2024 |
All other terms of the Employment Agreement shall remain unchanged and in full force and effect.
Sincerely,
Aterian, Inc.
By: /s/ Christopher Porcelli
Christopher Porcelli, General Counsel and Head of People
Agreed and Accepted:
/s/ Arturo Rodriguez
Arturo Rodriguez
