Amendment to Employment Agreement between Monogram Orthopaedics Inc. and Benjamin Sexson
This letter agreement amends Benjamin Sexson's employment contract with Monogram Orthopaedics Inc. The board confirms that the date for considering base salary and performance bonuses is now April 23, 2020, when equity issuances exceeded $5 million. The board also acknowledges that Mr. Sexson has met his performance goals, qualifying him for a bonus related to the successful closing of a Preferred Round. The agreement is signed by company representatives and Mr. Sexson.
Exhibit 10.4
Mr. Benjamin Sexson
22655 Napoli
Laguna Hills, CA 92653
Dear Ben,
Per the board email exchange with Rick Van Kirk and Doug Unis on May 30th, 2020 regarding your employment contract dated April 29, 2018 and later amended on October 17, 2018 and April 30th 2019, the board has agreed that the date by which a financing occur for both consideration of the Base Salary and Performance Bonuses in your employment contract be amended to April 23rd, 2020, the date on which the gross proceeds from equity issuances surpassed $5,000,000. The board furthermore acknowledges that you have achieved your performance goals and milestones with the successful closing of a Preferred Round for payment of the bonus as described. Congratulations!
| Sincerely, | |
| | |
| Monogram Orthopaedics Inc. | |
| | |
| By: | /s/ Doug Unis |
| Name: | Doug Unis |
| Title: | Founder, CMO & Board Member |
| Date: | 6/1/2020 |
| | |
| | |
| By: | /s/ Rick Van Kirk |
| Name: | Rick Van Kirk |
| Title: | Board Member |
| Date: | 5/31/2020 |
Accepted and Agreed:
/s/ Benjamin Sexson | | |
Benjamin Sexson | | |
Date: 5/31/2020 | | |
