EXHIBIT 10.3
Spinnova Plc
| Confidential |
Executive Agreement
| 1. | Parties to the Agreement |
This executive agreement (Agreement) has been entered into between the following parties:
(1) Spinnova Oyj (Company), business ID ***. Address: Palokärjentie 2-4, 40320 Jyväskylä.
(2) Santeri Heinonen (***), address: *** (hereinafter the “Executive”)
(The Company and the Executive hereinafter jointly the “Parties” and separately a “Party”)
| 1. | Employment Relationship |
The Executive’s employment relationship commenced on 2 May 2023. The Executive’s employment relationship is valid until further notice, and the Executive undertakes to be available to the Company as agreed below. This employment agreement supersedes all previous employment agreements entered into with the Executive. No probationary period applies to this agreement.
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