Letter Agreement Regarding Effectiveness of Employment Agreement between R. Michael Dudley and TransCode Therapeutics, Inc.
This letter agreement between R. Michael Dudley and TransCode Therapeutics, Inc. confirms that Mr. Dudley's Employment Agreement with the company will only become effective once the company receives at least $5 million in gross proceeds from equity or convertible debt issuances or partnering arrangements. Both parties acknowledge and agree to this condition by signing the letter. The agreement ensures that the employment terms are contingent on the company's successful fundraising.
Exhibit 10.10
March 24, 2021
R. Michael Dudley
1241 Adams Street, Apt. 603
Boston, MA 02124
Dear Michael,
On the date of this letter agreement, you and TransCode Therapeutics, Inc. (the “Company”) entered into an Employment Agreement. This letter is to confirm our mutual understanding that these agreements become effective upon the Company’s receipt of gross proceeds of $5 million or more from issuances of equity or convertible debt or from partnering arrangements.
Please sign in the space provided below signifying your understanding of and accord with the effectiveness of the Employment Agreement as set forth in the prior paragraph, then return one signed original of this letter agreement to the Company. You should retain a copy of this letter agreement as executed with your copy of your Employment Agreement.
Should you have any questions, please contact me.
Sincerely,
| /s/ Thomas A. Fitzgerald |
Thomas A. Fitzgerald
CFO
| Read and accepted: | /s/ R. Michael Dudley | Date: March 24, 2021 | ||
| R. Michael Dudley |
TRA N SCODE THERA PEUTI CS, IN C.• 6 LIBERTY S QUA RE #2382• BOS TON , MA 02109
