Re: Retention Bonus
Aardvark Therapeutics, Inc.
June 10, 2026
Manasi Jaiman, M.D., M.P.H.
Via email to […***…]
Re: Retention Bonus
Dear Manasi:
Aardvark Therapeutics, Inc. (the “Company”) is pleased to offer you the opportunity to receive a cash retention bonus in the aggregate amount of $357,000 (the “Retention Bonus”), on the following terms and conditions.
The Retention Bonus consists of two components: (i) the first component of the Retention Bonus ($204,000) is a guarantee of your 2026 annual bonus (the “Guaranteed Bonus Portion”), and (ii) the remaining component ($153,000) is intended solely as a retention bonus for your continued service through the Retention Date (as defined below). Your 2026 annual bonus, if any, based on the achievement of applicable goals, will be reduced (but not below zero) by the Guaranteed Bonus Portion.
The Company will pay you the Retention Bonus on January 1, 2027 (the “Retention Date”), subject to your continued employment with the Company through such date. However, if prior to the Retention Date, the Company terminates your employment without Cause (as defined in Exhibit A) or you resign for Good Reason (as defined in Exhibit A), subject to your execution and delivery to the Company of a full and complete release of any and all claims in a form prescribed by the Company that you execute and deliver to the Company (and that becomes effective and irrevocable within sixty (60) days after your termination of employment), the Company will pay you the Retention Bonus on the date occurring sixty (60) days following your termination of employment with the Company.
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