SEC Contract Filing

Filing Date: 2022-11-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>10
<FILENAME>ex103_5.htm
<DESCRIPTION>EX-10.3
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="text-align: right;"><font style="text-decoration: underline;"><font style="font-weight: bold;">Exhibit 10.3</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><u><font style="font-size: 10pt;">Private and Confidential</font></u></b></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">August 18, 2022</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Dean Ditto</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Re:<font style="mso-spacerun: yes;">&nbsp; </font>Employment Offer Letter </font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Dear Mr. Ditto,</font></font></p>
<p style="margin: 0in 0in 0.0001pt; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">You are hereby offered the position of Chief Financial Officer (&#8220;CFO&#8221;) for Akerna Corp. (&#8220;Akerna&#8221; or &#8220;the Company&#8221;) on an at-will basis.<font style="mso-spacerun: yes;">&nbsp; </font>Please accept this communication as an offer letter and the basic terms of your employment relationship, subject to Akerna policies and procedures as well as any other documents you must execute before your employment.<font style="mso-spacerun: yes;">&nbsp; </font>You will initially manage the Finance and Accounting Departments.<font style="mso-spacerun: yes;">&nbsp; </font>You will report directly to Akerna&#8217;s Chief Executive Officer (&#8220;CEO&#8221;) Jessica Billingsley.<font style="mso-spacerun: yes;">&nbsp; </font></font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Although subject to change based on management decisions and the discretion of the CEO, your initial tasks will include, but are not limited to:</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Planning:</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: normal; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">&nbsp;</font></font></p>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; mso-list: l0 level1 lfo2; mso-hyphenate: none;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Formulate and assist in the formulation of Company&#8217;s future direction and support tactical initiatives</font></font></li>
<li class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; mso-list: l0 level1 lfo2; mso-hyphenate: none;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Monitor and direct the implementation of strategic business plans</font></font></li>
<li class="MsoNormalCxSpMiddle" style="margin-bottom: .0001pt; mso-add-space: auto; text-align: justify; line-height: normal; mso-list: l0 level1 lfo2; mso-hyphenate: none;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Develop financial and tax strategies</f