Employment Offer Letter for Chief Operating Officer and CFO – AST&Science, LLC and Thomas E. Severson Jr.
This letter confirms the appointment of Thomas E. Severson Jr. as Chief Operating Officer and CFO of AST&Science, LLC, effective October 1, 2017. He will receive an annual salary of $120,000 starting April 1, 2018, and will be eligible for future stock options at the CEO's discretion, as well as participation in company health and benefit plans upon completion of a Series B funding round. Mr. Severson will report directly to the CEO and work from the Miami office.
Exhibit 10.13
March 30, 2018
Thomas E. Severson Jr.
3301 NE 1st Avenue, Unit #2706
Miami, Florida 33137
Dear Tom,
You have been performing the duties of your position since October 1, 2017 and I am pleased to formalize in writing your position as Chief Operating Officer and CFO for AST&Science, LLC (“AST” or “the Company”). Upon acceptance of this offer, you will continue to report directly to me and work from our offices in Miami, Florida.
Your compensation package will consist of the following:
| ● | Cash Compensation – your annual gross salary will be $120,000 and you will begin to receive this cash compensation beginning on April 1, 2018. | |
| ● | Management Stock Options – you will participate in the future AST employee stock option plan. The number, and terms of such options will be at my sole discretion and the grant will be made either prior to or simultaneously with the closing of the Company's Series B round of funding. | |
| ● | Other benefits - Upon successful completion of the Series B round of funding, you will be eligible to participate in AST's health and benefit plans. |
I am very excited that you are going to help me execute on our shared vision for AST's future prospects.
Very truly yours,
| /s/ Abel Avellan | |
| Abel Avellan | |
| Chairman and CEO | |
| AST & Science LLC |
| Agreed to and accepted by: | /s/ Thomas E. Severson, Jr. | Date: March 30, 2018 |
AST&Science Llc
1111 Brickell Avenue, Suite 1100
Miami, Florida, 33131
USA
