Agustina Gani Tjandrasuwita
Dear Madelene:
We are pleased to offer you employment with Solana Company a Delaware corporation (the “Company”). The terms of your offer are as follows:
Your initial position with the Company will be Chief Operating Officer & Deputy CFO, reporting to the Executive Chairman of the Company or such other person as designed from time to time by the Executive Title of the Company. You will be required to perform the duties commonly associated with the position of Position Title of the Company and as may also be assigned to you from time to time by the Report to Title of the Company. The Company reserves the right to change your job title or your duties as we may reasonably decide from time to time in its sole discretion. You will work from your home and as reasonably requested from time to time at the Company’s Pennsylvania-based office.
Beginning on or about April 1st, 2026 (the “Effective Date”), your annual base salary will be $350,000.00, paid in equal semi-monthly installments in accordance with our normal payroll procedures. Your annual base salary amount shall be subject to review and may be adjusted based upon the Company’s normal performance review practices.
Your first three (3) months of employment, commencing on the Effective Date, shall constitute a probationary period (the “Probationary Period”). The Company may extend or end the Employee’s probation period at its discretion. The Employee’s employment may be terminated within the first month of the probation period by either party at any time without notice to the other party, and the remainder with one month advance notice. During any extension of the Employee’s probation period, either party may terminate the employment by giving to the other party 7 days’ notice or payment in lieu of notice.
Upon signing this employment agreement and after completing the probation period, you are entitled to receiving a one-time sign-on bonus of a stock option agreement issued to be awarded under the 2022 Equity Incentive Plan (the 2022 EIP”) subject to approval by the Board (or the Compensation Committee of the Board) on or after the Effective Date, the Company will issue you a stock option with an approximate target value on the date of grant equal to US$75,000 (the “Option Award”) to purchase the Company’s Class A common stock (the “Initial Shares”), as an inducement for your acceptance of employment with the Company. The Option Award shall include the following additional terms: (1) the exercise price per share for the Initial Shares shall equal the Fair Market Value (as defined in the 2022 EIP) of the Company’s Class A common stock on the date of the grant of the Option Award; and (2) subject your continued employment with the Company and the terms and conditions of the 2022 Equity Incentive Plan, twenty-five percent (25%) of the Initial Shares shall vest and become exercisable on the first, second, third and fourth anniversary of the Effective Date and as further provided in the terms and conditions of this letter agreement, the Option Award and the 2022 EIP.
During your employment, you may also be eligible for an annual bonus in the form of cash (or in any other form as the Company considers appropriate in its sole and absolute discretion) equivalent to 40% of annual base salary (“Target Bonus”).
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Subject to applicable laws, rules (including compliance with the US Listing Rules) and regulations, the Company may at its sole discretion, procure options, equity awards or restricted stock unit of the Company to be awarded to you subject to the approval by the board of directors of the Company at its sole and absolute discretion (the "Incentives"). Details of the Incentives (if any) will be provided by the Company to the Employee in a separate grant letter. The target range of the aggregate value for both the Target Bonus and Incentives is US$300,000 - 500,000.
Any entitlement to bonus payment (including end of year payment/bonus, annual payment, Bonus and Incentive), is of a gratuitous nature and whether it will be paid, its amount and timing of payment would be at the sole and absolute discretion of the Company. If the Company makes any bonus payment to you, it will not be obliged to make such subsequent bonus payments in the following financial years. For the avoidance of doubt, any payments made to you are entirely discretionary and do not form part your contractual remuneration or wages.
After the Effective Date, the Company will provide one-way business class air fare from the US to the new location if you are required to relocate. In addition, the Company will reimburse you up to one month of accommodations in the new location for the search of your residence, with the accommodations to be arranged or approved by the Company. The Company will also arrange and pay for tax preparation services to help you prepare your tax return for the first year in the case that you are relocated to a new country.
During your employment, you will be allowed to participate in the benefit programs and arrangements that the Company makes available to its employees, including paid time off (“PTO”), contributory and non-contributory welfare and benefit plans, disability plans, and medical, death benefit and life insurance plans for which you are eligible under the terms of those plans.
Your employment will be subject to the terms of the Company’s employee handbook (as amended from time to time), which will supplement this letter agreement and is expressly incorporated by reference into this letter agreement. In addition, your job duties, title, responsibility and reporting level, compensation and benefits, as well as personnel policies and procedures, are subject to change.
Your employment is effective as of the Effective Date. By signing this letter agreement, you acknowledge and agree that your employment with the Company is “at will,” meaning that either you or the Company are entitled to terminate your employment at any time for any reason, with or without cause.
Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express writing signed by you and the Company. You are required, as a condition to your employment with the Company, to sign the Company’s standard Employee Proprietary Information, Inventions Assignment and Non-Competition Agreement in the form attached hereto as Exhibit A.
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In your work for the Company, you are expected not to use or disclose any confidential information, including trade secrets, of any former employer or other third party to whom you have an obligation of confidentiality. You are expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. By execution of this letter agreement, you hereby agree that you will not bring onto premises of the Company or use in your work for the Company any unpublished documents or property (including but not limited to proprietary information) belonging to any former employer or other third party that you are not authorized to use or disclose. By execution of this letter agreement, you hereby represent that you are able to perform your job duties within these guidelines.
This letter agreement and its attachments contain all of the terms of your employment with the Company and supersedes any prior understandings or agreements, whether oral or written, between you and the Company.
This letter agreement may not be amended or modified except by an express written agreement signed by you and a duly authorized member of the Board. The terms of this letter agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania, without regard to its principles of conflicts of laws. By signing this letter agreement you irrevocably submit to the exclusive jurisdiction of the state and federal courts of the Commonwealth of Pennsylvania for the purpose of any suit, action, proceeding or judgment relating to or arising out of this letter agreement and the transactions contemplated hereby. BY SIGNING THIS LETTER AGREEMENT, YOU ALSO WAIVE ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS LETTER AGREEMENT AND REPRESENT THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.
We hope that you find the foregoing terms acceptable. You may indicate your agreement with these terms and accept this offer by signing and dating duplicate original copies of this letter agreement and the enclosed Employee Proprietary Information, Inventions Assignment and Non-Competition Agreement and returning them to me. As required by law, your employment with the Company is also contingent upon you providing legal proof of your identity and authorization to work in the United States. We look forward to you becoming a member of the Solana Company team!
Sincerely,
Solana Company
By: /S/ Joseph Chee
Title: Executive Chairman
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ACKNOWLEDGEMENT AND ACCEPTANCE
I have read and accept this letter agreement. By signing this letter agreement, I represent and warrant to the Company that I am under no contractual commitments inconsistent with my obligations to the Company. Further, in consideration of my employment, I agree that, unless a shorter period of limitations applies, any claim, suit, action or other proceeding arising out of my employment or the termination of my employment, including but not limited to claims arising under state or federal civil rights statutes, must be brought or asserted by me within six (6) months of the event giving rise to the claim or be forever barred. I expressly waive any longer statute or other period of limitations to the contrary.
/S/ AGUSTINA GANI TJANDRASUWITA Dated: March 16, 2026
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EXHIBIT A
Employee Proprietary Information, Inventions
Assignment AND NON-COMPETITION Agreement
THIS EMPLOYEE PROPRIETARY INFORMATION, INVENTIONS ASSIGNMENT AND NON-COMPETITION AGREEMENT (this “Agreement”) is made as of the date set forth below between solana Company, a Delaware corporation (the “Company”), and the undersigned employee of the Company (“Employee”).
This Agreement confirms certain terms of Employee’s employment with the Company, which Employee acknowledges are a material part of the consideration for Employee’s employment by the Company, and the compensation received by Employee from the Company from time to time.
Exhibit A - 1
Exhibit A - 2
Exhibit A - 3
Exhibit A - 4
Exhibit A - 5
EMPLOYEE HAS READ THIS AGREEMENT CAREFULLY AND UNDERSTANDS AND ACCEPTS THE OBLIGATIONS WHICH IT IMPOSES UPON EMPLOYEE WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO EMPLOYEE TO INDUCE EMPLOYEE TO SIGN THIS AGREEMENT. EMPLOYEE SIGNS THIS AGREEMENT VOLUNTARILY AND FREELY.
Exhibit A - 6
THE COMPANY: SOLANA Company By:/S/ Joseph Chee Name: Joseph Chee(Choon Wee) Title: Executive Chairman | EMPLOYEE: /S/ AGUSTINA GANI TJANDRASUWITA Print Name: Agustina Gani Tjandrasuwita |
| |
Date: March 13, 2026
Exhibit A - 7

Exhibit 1
The following is a complete list of all Inventions or improvements relevant to the subject matter of Employee’s employment by the Company that have been made or discovered or conceived or first reduced to practice by Employee either alone or jointly with others prior to Employee’s employment by the Company that Employee desires to remove from the operation of the Company’s Employee Proprietary Information, Inventions Assignment and Non-Competition Agreement:
⌧ | No Inventions or improvements. |
| See below: Any and all Inventions regarding: |
| Additional sheets attached. |
Employee proposes to bring to Employee’s employment the following materials and documents of a former employer:
⌧ | No materials or documents |
| See below: |
Date: 03/16/2026 /S/ AGUSTINA GANI TJANDRASUWITA
Employee Signature
Exhibit A - 8