SEC Contract Filing

Filing Date: 2021-11-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>offerletter-newexecutiveof.htm
<DESCRIPTION>EX-10.3
<TEXT>
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<title>Document</title></head><body><div id="i587703c30f8a4371ae5456ea4f408d4c_1"></div><div style="min-height:76.01pt;width:100%"><div style="padding-right:-0.35pt;text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Exhibit 10.3</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:125%"> </font><img alt="image_0a.jpg" src="image_0a.jpg" style="height:57px;margin-bottom:5pt;vertical-align:text-bottom;width:214px"></div><div style="margin-bottom:0.35pt;text-align:justify;text-indent:-0.5pt"><font><br></font></div><div style="margin-bottom:0.35pt;text-align:justify;text-indent:-0.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%">September 30, 2021</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:0.35pt;text-align:justify;text-indent:-0.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Mary, </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On behalf of The Lovesac Company, we are extremely pleased to extend you the following conditional offer of employment. Upon accepting this offer, you will join Lovesac as President and Chief Operating Officer, initially reporting to Shawn Nelson, Founder and Chief Executive Officer of Lovesac. Your anticipated start date will be on or around November 15, 2021 (&#8220;Start Date&#8221;). </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:6pt;text-align:justify;text-indent:-0.7pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">At Lovesac, we are committed to living and succeeding by incorporating our </font><font style="color:#0098a7;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Guiding Principles</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#58; </font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.35pt;padding-left:38.75pt;padding-right:2.75pt;text-align:justify;text-indent:-18pt"><font style="color:#0098a7;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:119%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%;padding-left:14.25pt">We can all win together</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.35pt;padding-left:38.75pt;padding-right:2.75pt;text-align:justify;text-indent:-18pt"><font style="color:#0098a7;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:119%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%;padding-left:14.25pt">The couch is the new kitchen table</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.35pt;padding-left:38.75pt;padding-right:2.75pt;text-align:justify;text-indent:-18pt"><font style="color:#0098a7;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:119%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%;padding-left:14.25pt">Doing less and doing better</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.35pt;padding-left:38.75pt;padding-right:2.75pt;text-align:justify;text-indent:-18pt"><font style="color:#0098a7;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:119%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%;padding-left:14.25pt">Love matters</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:0.35pt;padding-left:38.75pt;padding-right:2.75pt;text-indent:-18pt"><font style="color:#0098a7;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:119%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:119%;padding-left:14