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Laffin Acquisition

Filed: 27 Oct 21, 2:01pm

Exhibit 10.3

 

Ryan Pratt

Guerrilla RF

1196 Pleasant Ridge Rd., Suite 5

Greensboro, NC 27409

October 28, 2016

 

John Berg

3721 Surrey Way Ct.

Winston-Salem, NC 27106

 

Dear John Berg:

 

It is our pleasure to confirm our offer of employment to you as Chief Financial Officer at Guerrilla RF. In this position, you will report directly to Ryan Pratt beginning Monday December 5, 2016.

 

Your salary will be $36,000.00 per year with paychecks issued bi-weekly. As the company achieves critical milestones, compensation levels will be adjusted to more market-competitive levels. In addition to milestone adjustments, you will receive consideration on your hiring date anniversary for normal pay cycle salary increases.

 

Upon starting your employment, you will be granted Common Stock Options in the amount of 50,000 shares. If you leave Guerrilla RF before one year of continuous employment, the option shares will revert to the company. After one year, your options will vest at a rate of 25% per year employed.

 

You will be eligible for medical, dental, vision, disability, and basic life insurance benefits beginning on your first day of employment, most of which are available to employees for no cost. Guerrilla RF offers a generous Paid-Time-Off (PTO) policy with quarterly company holidays/shutdowns.

 

To confirm your acceptance of this offer of employment, please sign below and return to me by scan/e-mail atrpratt@guerrilla-rf.com.

 

  11-2-16
Signature Date

   
Sincerely, 
   
/s/ Ryan Pratt  
Ryan Pratt  
Founder, CEO