EX-10.12 17 ex10-12.htm

Exhibit 10.12

July 18th, 2018

Abel Avellan

Dear Abel:

You have been performing the duties of your position since June of 2017, and we are pleased to formalize in writing your position as Chairman & Chief Executive Officer for AST & Science, LLC (“AST” or “the Company”).

Your compensation package will consist of the following:

Cash Compensation – your annual gross salary will be $23,660 and you will begin to receive this cash compensation beginning on July 27th, 2018.

Other benefits – you will be eligible to participate in AST health and benefits plans.

We are very excited that you arguing to continue helping us execute the vision for AST's future prospects.

| AST & Science LLC
|  | /s/ Tom Severson
| By: | Tom Severson
| Its: | Chief Financial Officer & Operating Officer

The forgoing terms and conditions are hereby accepted as of July 18, 2018

Signed: | /s/ Abel Avellan |
| Abel Avellan |