EX-10.13





 Exhibit 10.13 

KALEYRA, INC. 
 2019
EQUITY INCENTIVE PLAN 
 Nonstatutory Stock Option 
  

	1.	 Grant of Option. 



This certificate evidences a nonstatutory stock option (this “Stock Option”) granted by Kaleyra, Inc., a Delaware corporation
(the “Company”), to you (the “Participant”) pursuant to the Company’s 2019 Equity Incentive Plan (as from time to time in effect, the “Plan”). Under this Stock Option, the Participant may
purchase, in whole or in part, on the terms herein provided, shares of common stock of the Company (the “Shares”) at a price which is not less than the fair market value of the Shares on the date of grant of this Stock Option. The
latest date on which this Stock Option, or any part thereof, may be exercised is ten years from the date of grant (the “Final Exercise Date”). The Stock Option evidenced by this certificate is intended to be, and is hereby
designated, a nonstatutory option, that is, an option that does not qualify as an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Unless
otherwise defined in this Stock Option, the terms used in this Stock Option shall have the meaning defined in the Plan. 
 This Stock Option
is exercisable as per vesting cumulative installments prior to the final exercise date, as noted under the Grant Summary Table attached to this Stock Option. 

Notwithstanding the foregoing, upon termination of the Participant’s Employment, any portion of this Stock Option that is not then
exercisable will immediately expire and the remainder of this Stock Option will remain exercisable for three months; provided, that any portion of this Stock Option held by the Participant immediately prior to the Participant’s death, to
the extent then exercisable, will remain exercisable for one year following the Participant’s death; and further provided, that in no event shall any portion of this Stock Option be exercisable after the Final Exercise Date. 

 

	2.	 Exercise of Stock Option. 



Each election to exercise this Stock Option shall be in writing (in a form designated by the Company) signed by the Participant or the
Participant’s executor, administrator, or legally appointed representative (in the event of the Participant’s incapacity) or the person or persons to whom this Stock Option is transferred by will or the applicable laws of descent and
distribution (collectively, the “Option Holder”), and received by the Company at its principal office, accompanied by this certificate and payment in full as provided in the Plan. Subject to the further terms and conditions provided
in the Plan, the purchase price may be paid as follows: (i) by delivery of cash or check acceptable to the Administrator; (ii) through a broker-assisted exercise program acceptable to the Administrator; or (iii) through any
combination of the foregoing. In the event that this Stock Option is exercised by an Option Holder other than the Participant, the Company will be under no obligation to deliver Shares hereunder unless and    until it is
satisfied as to the authority of the Option Holder to exercise this Stock Option. 













	3.	 Restrictions on Transfer of Shares. 



If at the time this Stock Option is exercised the Company or any of its stockholders is a party to any agreement restricting the transfer of
any outstanding shares of the Company’s common stock, the Administrator may provide that this Stock Option may be exercised only if the Shares so acquired are made subject to the transfer restrictions set forth in that agreement (or if more
than one such agreement is then in effect, the agreement or agreements specified by the Administrator). 
  

	4.	 Withholding. 



If at the time this Stock Option is exercised the Company determines that under applicable law and regulations it could be liable for the
withholding of any federal or state tax upon exercise or with respect to a disposition of any Shares acquired upon exercise of this Stock Option, this Stock Option may not be exercised unless the person exercising this Stock Option remits to the
Company any amounts determined by the Company to be required to be withheld upon exercise (or makes other arrangements satisfactory to the Company for the payment of such taxes). 

 

	5.	 Nontransferability of Stock Option. 



This Stock Option is not transferable by the Participant otherwise than by will or the laws of descent and distribution, and is exercisable
during the Participant’s lifetime only by the Participant (or in the event of the Participant’s incapacity, the person or persons legally appointed to act on the Participant’s behalf). It may not be transferred pursuant to a domestic
relations order. 
  

	6.	 Provisions of the Plan. 



This Stock Option is subject to the provisions of the Plan, which are incorporated herein by reference. A copy of the Plan as in effect on the
date of the grant of this Stock Option has been furnished to the Participant. By exercising all or any part of this Stock Option, the Participant agrees to be bound by the terms of the Plan and this certificate. All initially capitalized terms used
herein will have the meaning specified in the Plan, unless another meaning is specified herein. 
 [SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly
authorized officer. 
  

			
	KALEYRA, INC.


			
		
	 By:
	 	 


			
		
	 Name:
	 	 
		
	 Title:
	 	 

  

			
	 Acknowledged

	
	   

	     [Name of
Participant]



 
			
		
	 Dated:  
	 	 



  
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 NOTICE OF NONSTATUTORY STOCK OPTION OF KALEYRA, INC. 

GRANT SUMMARY TABLE 
  

			
		
	Company Name	  	Kaleyra, Inc.
		
	Plan	  	Kaleyra, Inc. 2019 EIP
		
	Participant Name	  	
		
	Participant Address	  	
		
	Grant/Award Type	  	Nonstatutory Stock Option
		
	Share Amount	  	
		
	Grant/Award Price	  	
		
	Grant/Award Date	  	
		
	Initial Vesting Date	  	
		
	Final Exercise Date	  	

 VESTING SCHEDULE 
  

			
	 Vesting Date
	  	 No. of Shares