Exhibit 10.13
 
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PDF Solutions, Inc.
333 West San Carlos Street, Suite 700, San Jose, CA 95110 USA
 Telephone: 408 280 7900, Fax: 408 280 7915
www.pdf.com
 
 
October 13, 2009

VIA Hand Delivery

John Kibarian

Dear John,

For our mutual records, this letter is to confirm your current employment with
PDF Solutions, Inc. (the “Company”) in the position of Chief Executive Officer
and President reporting to the Board of Directors.  You are based in the San
Jose office at 333 West San Carlos Street, Suite 700, San Jose, CA  95110.

1.
Compensation.  Your current base salary is Two Hundred Fifty Thousand U.S.
Dollars ($250,000) per annum. Salary is paid in accordance with the Company's
standard payroll policies (subject to applicable withholding taxes as required
by law).

2.
Start Date. Your Start Date with the Company is considered to be December 29,
1992 (i.e. reflecting the date of the Company’s incorporation, however, your
adjusted seniority date is considered to be January 1, 1991 when the business of
the current company began).

3.
General Duties.  During the term of your employment, you agree that (i) at all
times and to the best of your ability you will loyally and conscientiously
perform all of the duties and obligations required of you by the Board and to
successfully perform in your position; (ii) you will not render commercial or
professional services of any nature to any person or organization, whether or
not for compensation, without the prior written consent of the Board, and that
you will not directly or indirectly engage in or participate in any business
that is competitive in any manner with the business of the Company; and, (iii)
you will comply with all policies of the Company as in effect from time to time.

4.
Bonus. In addition to your salary, you may receive an incentive bonus from
time-to-time as determined by the Compensation Committee of the Board of
Directors.

5.
Benefits.  The Company makes available to you the regular health insurance
program and other benefits as established by the Company for its employees from
time to time.

 
 

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John Kibarian
Page 2 of 2
October 13, 2009
 
 
Please sign and date a copy of this letter in the space provided below and
return it to Sonjia Jeter.
 

Best regards,

/s/ Joy E. Leo

Joy E. Leo
Chief Administration Officer

ACKNOWLEDGMENT

I understand that my employment at the Company is not a contract for a fixed
term or specified period of time.  I understand that my employment is voluntary,
(“At Will”), and can be terminated either by me or by the Board of Directors at
any time, with or without notice and with or without cause.  The provisions
stated above supersede all prior representations or agreements, whether written
or oral.   This offer letter may not be modified or amended except by a written
agreement, signed by the Company and me.

THE FOREGOING TERMS AND CONDITIONS
ARE HEREBY AGREED TO AND ACCEPTED:

Signed: /s/ John Kibarian
Print Name: John Kibarian
Date: 10/13/09