Document:

Exhibit 10.5

 

SEMLER SCIENTIFIC, INC.

AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,

INVENTION ASSIGNMENT,

AND ARBITRATION AGREEMENT

 

As a condition of my employment
with Semler Scientific, Inc., its subsidiaries, affiliates, successors or assigns (together the “Company”),
and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company,
I agree to the following provisions of this Semler Scientific, Inc. At-Will Employment, Confidential Information, Invention Assignment,
and Arbitration Agreement (this “Agreement”):

 

1.         At-Will
Employment.

 

I UNDERSTAND AND ACKNOWLEDGE
THAT MY EMPLOYMENT WITH THE COMPANY IS FOR NO SPECIFIED TERM AND CONSTITUTES “AT-WILL” EMPLOYMENT. I ALSO UNDERSTAND
THAT ANY REPRESENTATION TO THE CONTRARY IS UNAUTHORIZED AND NOT VALID UNLESS IN WRITING AND SIGNED BY THE PRESIDENT OR CEO OF THE
COMPANY. ACCORDINGLY, I ACKNOWLEDGE THAT MY EMPLOYMENT RELATIONSHIP MAY BE TERMINATED AT ANY TIME, WITH OR WITHOUT GOOD CAUSE OR
FOR ANY OR NO CAUSE, AT MY OPTION OR AT THE OPTION OF THE COMPANY, WITH OR WITHOUT NOTICE. I FURTHER ACKNOWLEDGE THAT THE COMPANY
MAY MODIFY JOB TITLES, SALARIES, AND BENEFITS FROM TIME TO TIME AS IT DEEMS NECESSARY.

 

2.         Confidential
Information.

 

A.          Company
Information. I agree that during and after my employment with the Company, I will hold in the strictest confidence, and will
not use (except for the benefit of the Company during my employment) or disclose to any person, firm, or corporation (without written
authorization of the President, CEO, or the Board of Directors of the Company) any Company Confidential Information. I understand
that my unauthorized use or disclosure of Company Confidential Information during my employment may lead to disciplinary action,
up to and including immediate termination and legal action by the Company. I understand that “Company Confidential Information”
means any non-public information that relates to the actual or anticipated business, research or development of the Company, or
to the Company’s technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other
information regarding the Company’s products or services and markets therefor, customer lists and customers (including, but
not limited to, customers of the Company on which I called or with which I may become acquainted during the term of my employment),
software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information,
marketing, finances, and other business information; provided, however, Company Confidential Information does not include any of
the foregoing items to the extent the same have become publicly known and made generally available through no wrongful act of mine
or of others. I understand that nothing in this Agreement is intended to limit employees’ rights to discuss the terms, wages,
and working conditions of their employment, as protected by applicable law.

 

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B.          Former
Employer Information. I agree that during my employment with the Company, I will not improperly use, disclose, or induce the
Company to use any proprietary information or trade secrets of any former or concurrent employer or other person or entity. I further
agree that I will not bring onto the premises of the Company or transfer onto the Company’s technology systems any unpublished
document, proprietary information, or trade secrets belonging to any such employer, person, or entity unless consented to in writing
by both the Company and such employer, person, or entity.

 

C.          Third
Party Information. I recognize that the Company may have received and in the future may receive from third parties associated
with the Company, e.g., the Company’s customers, suppliers, licensors, licensees, partners, or collaborators (“Associated
Third Parties”), their confidential or proprietary information (“Associated Third Party Confidential Information”).
By way of example, Associated Third Party Confidential Information may include the habits or practices of Associated Third Parties,
the technology of Associated Third Parties, requirements of Associated Third Parties, and information related to the business conducted
between the Company and such Associated Third Parties. I agree at all times during my employment with the Company and thereafter
to hold in the strictest confidence, and not to use or to disclose to any person, firm, or corporation, any Associated Third Party
Confidential Information, except as necessary in carrying out my work for the Company consistent with the Company’s agreement
with such Associated Third Parties. I further agree to comply with any and all Company policies and guidelines that may be adopted
from time to time regarding Associated Third Parties and Associated Third Party Confidential Information. I understand that my
unauthorized use or disclosure of Associated Third Party Confidential Information or violation of any Company policies during my
employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company.

 

3.         Inventions.

 

A.          Inventions
Retained and Licensed. I have attached hereto as Exhibit A, a list describing all inventions, discoveries, original
works of authorship, developments, improvements, and trade secrets that were conceived in whole or in part by me prior to my employment
with the Company and to which I have any right, title, or interest, which are subject to California Labor Code Section 2870 (attached
hereto as Exhibit B), and which relate to the Company’s proposed business, products, or research and development (“Prior
Inventions”); or, if no such list is attached, I represent and warrant that there are no such Prior Inventions. Furthermore,
I represent and warrant that if any Prior Inventions are included on Exhibit A, they will not materially affect my
ability to perform all obligations under this Agreement. If, in the course of my employment with the Company, I incorporate into
or use in connection with any product, process, service, technology, or other work by or on behalf of the Company any Prior Invention,
I hereby grant to the Company a non-exclusive, royalty-free, fully paid-up, irrevocable, perpetual, transferable, worldwide license,
with the right to grant and authorize sublicenses, to make, have made, modify, use, import, offer for sale, sell, reproduce, distribute,
modify, adapt, prepare derivative works of, display, perform, and otherwise exploit such Prior Invention without restriction, including,
without limitation, as part of or in connection with such product, process, service, technology, or other work, and to practice
any method related thereto.

 

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B.          Assignment
of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right
and benefit of the Company, and agree to assign and hereby do irrevocably assign to the Company, or its designee, all my right,
title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs,
discoveries, ideas, trademarks, or trade secrets, whether or not patentable or registrable under patent, copyright, or similar
laws, which I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced
to practice, during the period of time I am in the employ of the Company (including during my off-duty hours), or with the use
of Company’s equipment, supplies, facilities, or Company Confidential Information, except as provided in Section 3.F below
(collectively referred to as “Inventions”). I further acknowledge that all original works of authorship that
are made by me (solely or jointly with others) within the scope of and during the period of my employment with the Company and
that are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright
Act. I understand and agree that the decision whether or not to commercialize or market any Inventions is within the Company’s
sole discretion and for the Company’s sole benefit, and that no royalty or other consideration will be due to me as a result
of the Company’s efforts to commercialize or market any such Inventions.

 

C.          Moral
Rights. Any assignment to the Company of Inventions includes all rights of attribution, paternity, integrity, modification,
disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral rights,”
“artist’s rights,” “droit moral,” or the like (collectively, “Moral Rights”).
To the extent that Moral Rights cannot be assigned under applicable law, I hereby waive and agree not to enforce any and all Moral
Rights, including, without limitation, any right to identification of authorship or limitation on subsequent modification that
I may have in the assigned Inventions.

 

D.          Maintenance
of Records. I agree to keep and maintain adequate, current, accurate, and authentic written records of all Inventions made
by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes,
sketches, drawings, electronic files, reports, or any other format that may be specified by the Company. The records are and will
be available to and remain the sole property of the Company at all times.

 

E.          Further
Assurances. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the
Company’s rights in the Inventions and any rights relating thereto in any and all countries, including the disclosure to
the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths,
assignments, and all other instruments that the Company shall deem proper or necessary in order to apply for, register, obtain,
maintain, defend, and enforce such rights, and in order to assign and convey to the Company, its successors, assigns, and nominees
the sole and exclusive rights, title, and interest in and to such Inventions and any rights relating thereto, and testifying in
a suit or other proceeding relating to such Inventions and any rights relating thereto. I further agree that my obligations under
this Section 3E shall continue after the termination of this Agreement. If the Company is unable because of my mental or physical
incapacity or for any other reason to secure my signature with respect to any Inventions, including, without limitation, to apply
for or to pursue any application for any United States or foreign patents or copyright registrations covering such Inventions,
then I hereby irrevocably designate and appoint

 

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the Company and its duly
authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead, to execute and file any
papers and oaths, and to do all other lawfully permitted acts with respect to such Inventions with the same legal force and effect
as if executed by me.

 

F.          Exception
to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to the Company do not
apply to any invention that qualifies fully under the provisions of California Labor Code Section 2870 (attached hereto as Exhibit
B). I will advise the Company promptly in writing of any inventions that I believe meet the criteria in California Labor Code
Section 2870 and are not otherwise disclosed on Exhibit A.

 

4.         Conflicting
Employment.

 

A.          Current
Obligations. I agree that during the term of my employment with the Company, I will not engage in or undertake any other employment,
occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved
or becomes involved or has plans to become involved, nor will I engage in any other activities that conflict with my obligations
to the Company.

 

B.          Prior
Relationships. Without limiting Section 4.A, I represent that I have no other agreements, relationships, or commitments to
any other person or entity that conflict with my obligations to the Company under this Agreement or my ability to become employed
and perform the services for which I am being hired by the Company. I further agree that if I have signed a confidentiality agreement
or similar type of agreement with any former employer or other entity, I will comply with the terms of any such agreement to the
extent that its terms are lawful under applicable law. I represent and warrant that after undertaking a careful search (including
searches of my computers, cell phones, electronic devices, and documents), I have returned all property and confidential information
belonging to all prior employers. Moreover, I agree to fully indemnify the Company, its directors, officers, agents, employees,
investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and assigns
for all verdicts, judgments, settlements, and other losses incurred by any of them resulting from my breach of my obligations under
any agreement to which I am a party or obligation to which I am bound, as well as any reasonable attorneys’ fees and costs
if the plaintiff is the prevailing party in such an action, except as prohibited by law.

 

5.         Returning
Company Documents. Upon separation from employment with the Company or on demand by the Company during my employment, I will
immediately deliver to the Company, and will not keep in my possession, recreate, or deliver to anyone else, any and all Company
property, including, but not limited to, Company Confidential Information, Associated Third Party Confidential Information, as
well as all devices and equipment belonging to the Company (including computers, handheld electronic devices, telephone equipment,
and other electronic devices), Company credit cards, records, data, notes, notebooks, reports, files, proposals, lists, correspondence,
specifications, drawings, blueprints, sketches, materials, photographs, charts, any other documents and property, and reproductions
of any and all of the aforementioned items that were developed by me pursuant to my employment with the Company, obtained by me
in connection with my employment with the Company, or otherwise

 

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belonging to the Company,
its successors, or assigns, including, without limitation, those records maintained pursuant to Section 3.C. I also consent to
an exit interview to confirm my compliance with this Section 5.

 

6.         Termination
Certification. Upon separation from employment with the Company, I agree to immediately sign and deliver to the Company the
“Termination Certification” attached hereto as Exhibit C. I also agree to keep the Company advised of my home
and business address for a period of three (3) years after termination of my employment with the Company, so that the Company can
contact me regarding my continuing obligations provided by this Agreement.

 

7.         Notification
of New Employer. In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company
to my new employer about my obligations under this Agreement.

 

8.         Solicitation
of Employees. I agree that for a period of twelve (12) months immediately following the termination of my relationship with
the Company for any reason, whether voluntary or involuntary, with or without cause, I shall not either directly or indirectly
solicit any of the Company’s employees to leave their employment, or attempt to solicit employees of the Company, either
for myself or for any other person or entity. I agree that nothing in this Section 8 shall affect my continuing obligations under
this Agreement during and after this twelve (12) month period, including, without limitation, my obligations under Section 2A.

 

9.         Conflict
of Interest Guidelines. I agree to diligently adhere to all policies of the Company, including the Company’s insider’s
trading policies and the Company’s Conflict of Interest Guidelines. A copy of the Company’s current Conflict of Interest
Guidelines is attached as Exhibit D hereto, but I understand that these Conflict of Interest Guidelines may be revised from
time to time during my employment.

 

10.       Representations.
I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I represent
that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence information acquired
by me in confidence or in trust prior to my employment by the Company. I hereby represent and warrant that I have not entered into,
and I will not enter into, any oral or written agreement in conflict herewith.

 

11.       Audit.
I acknowledge that I have no reasonable expectation of privacy in any computer, technology system, email, handheld device, telephone,
or documents that are used to conduct the business of the Company. As such, the Company has the right to audit and search all such
items and systems, without further notice to me, to ensure that the Company is licensed to use the software on the Company’s
devices in compliance with the Company’s software licensing policies, to ensure compliance with the Company’s policies,
and for any other business-related purposes in the Company’s sole discretion. I understand that I am not permitted to add
any unlicensed, unauthorized, or non-compliant applications to the Company’s technology systems, including, without limitation,
open source or free software not authorized by the Company, and that I shall refrain from copying unlicensed software onto the
Company’s technology systems or using non-licensed software or websites. I understand that it is my

 

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responsibility to comply
with the Company’s policies governing use of the Company’s documents and the internet, email, telephone, and technology
systems to which I will have access in connection with my employment.

 

12.       Arbitration
and Equitable Relief.

 

A.          Arbitration.
IN CONSIDERATION OF MY EMPLOYMENT WITH THE COMPANY, ITS PROMISE TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES, AND MY RECEIPT OF
THE COMPENSATION, PAY RAISES, AND OTHER BENEFITS PAID TO ME BY THE COMPANY, AT PRESENT AND IN THE FUTURE, I AGREE THAT ANY AND
ALL CONTROVERSIES, CLAIMS, OR DISPUTES WITH ANYONE (INCLUDING THE COMPANY AND ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER, OR
BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), WHETHER BROUGHT ON AN INDIVIDUAL, GROUP, OR CLASS BASIS,
ARISING OUT OF, RELATING TO, OR RESULTING FROM MY EMPLOYMENT WITH THE COMPANY OR THE TERMINATION OF MY EMPLOYMENT WITH THE COMPANY,
INCLUDING ANY BREACH OF THIS AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE ARBITRATION RULES SET FORTH IN CALIFORNIA
CODE OF CIVIL PROCEDURE SECTION 1280 THROUGH 1294.2, INCLUDING SECTION 1281.8 (THE “ACT”), AND PURSUANT TO CALIFORNIA
LAW. THE FEDERAL ARBITRATION ACT SHALL CONTINUE TO APPLY WITH FULL FORCE AND EFFECT NOTWITHSTANDING THE APPLICATION OF PROCEDURAL
RULES SET FORTH IN THE ACT. DISPUTES THAT I AGREE TO ARBITRATE, AND THEREBY AGREE TO WAIVE ANY RIGHT TO A TRIAL BY JURY, INCLUDE
ANY STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS
ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT
PROTECTION ACT, THE SARBANES-OXLEY ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE CALIFORNIA FAIR EMPLOYMENT AND
HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, THE CALIFORNIA FAMILY RIGHTS ACT, THE CALIFORNIA LABOR CODE, CLAIMS OF HARASSMENT,
DISCRIMINATION, AND WRONGFUL TERMINATION, AND ANY STATUTORY OR COMMON LAW CLAIMS. I FURTHER UNDERSTAND THAT THIS AGREEMENT TO ARBITRATE
ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH ME.

 

B.          Procedure.
I AGREE THAT ANY ARBITRATION WILL BE ADMINISTERED BY JUDICIAL ARBITRATION & MEDIATION SERVICES, INC. (“JAMS”),
PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & PROCEDURES (THE “JAMS RULES”). I AGREE THAT THE ARBITRATOR
SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR
ADJUDICATION, MOTIONS TO DISMISS AND DEMURRERS, AND MOTIONS FOR CLASS CERTIFICATION, PRIOR TO ANY ARBITRATION HEARING. I ALSO AGREE
THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT THE ARBITRATOR SHALL AWARD
ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS

 

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PROHIBITED BY LAW. I AGREE
THAT THE DECREE OR AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED AS A FINAL AND BINDING JUDGMENT IN ANY COURT HAVING JURISDICTION
THEREOF. I UNDERSTAND THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR OR JAMS EXCEPT
THAT I SHALL PAY ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT I INITIATE, BUT ONLY SO MUCH OF THE FILING FEES AS I WOULD
HAVE INSTEAD PAID HAD I FILED A COMPLAINT IN A COURT OF LAW. I AGREE THAT THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION
IN ACCORDANCE WITH CALIFORNIA LAW, INCLUDING THE CALIFORNIA CODE OF CIVIL PROCEDURE, AND THAT THE ARBITRATOR SHALL APPLY SUBSTANTIVE
AND PROCEDURAL CALIFORNIA LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO RULES OF CONFLICT OF LAW. TO THE EXTENT THAT THE JAMS
RULES CONFLICT WITH CALIFORNIA LAW, CALIFORNIA LAW SHALL TAKE PRECEDENCE. I AGREE THAT THE DECISION OF THE ARBITRATOR SHALL BE
IN WRITING. I AGREE THAT ANY ARBITRATION UNDER THIS AGREEMENT SHALL BE CONDUCTED IN SANTA CLARA COUNTY, CALIFORNIA.

 

C.          Remedy.
EXCEPT AS PROVIDED BY THE ACT AND THIS AGREEMENT, ARBITRATION SHALL BE THE SOLE, EXCLUSIVE, AND FINAL REMEDY FOR ANY DISPUTE BETWEEN
ME AND THE COMPANY. ACCORDINGLY, EXCEPT AS PROVIDED FOR BY THE ACT AND THIS AGREEMENT, NEITHER I NOR THE COMPANY WILL BE PERMITTED
TO PURSUE COURT ACTION REGARDING CLAIMS THAT ARE SUBJECT TO ARBITRATION.

 

D.          Administrative
Relief. I UNDERSTAND THAT THIS AGREEMENT DOES NOT PROHIBIT ME FROM PURSUING AN ADMINISTRATIVE CLAIM WITH A LOCAL, STATE, OR
FEDERAL ADMINISTRATIVE BODY OR GOVERNMENT AGENCY THAT IS AUTHORIZED TO ENFORCE OR ADMINISTER LAWS RELATED TO EMPLOYMENT, INCLUDING,
BUT NOT LIMITED TO, THE DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, THE NATIONAL LABOR
RELATIONS BOARD, OR THE WORKERS’ COMPENSATION BOARD. THIS AGREEMENT DOES, HOWEVER, PRECLUDE ME FROM PURSUING COURT ACTION
REGARDING ANY SUCH CLAIM, EXCEPT AS PERMITTED BY LAW.

 

E.          Voluntary
Nature of Agreement. I ACKNOWLEDGE AND AGREE THAT I AM EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE
INFLUENCE BY THE COMPANY OR ANYONE ELSE. I FURTHER ACKNOWLEDGE AND AGREE THAT I HAVE CAREFULLY READ THIS AGREEMENT AND THAT I HAVE
ASKED ANY QUESTIONS NEEDED FOR ME TO UNDERSTAND THE TERMS, CONSEQUENCES, AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND
IT, INCLUDING THAT I AM WAIVING MY RIGHT TO A JURY TRIAL. FINALLY, I AGREE THAT I HAVE BEEN PROVIDED AN OPPORTUNITY
TO SEEK THE ADVICE OF AN ATTORNEY OF MY CHOICE BEFORE SIGNING THIS AGREEMENT.

 

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13.       General
Provisions.

 

A.          Governing
Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of California without giving
effect to any choice-of-law rules or principles that may result in the application of the laws of any jurisdiction other than California.
To the extent that any lawsuit is permitted under this Agreement, I hereby expressly consent to the personal and exclusive jurisdiction
and venue of the state and federal courts located in California for any lawsuit filed against me by the Company.

 

B.          Entire
Agreement. This Agreement, together with the Exhibits herein and any executed written offer letter between me and the Company,
to the extent such materials are not in conflict with this Agreement, sets forth the entire agreement and understanding between
the Company and me relating to the subject matter herein and supersedes all prior discussions or representations between us, including,
but not limited to, any representations made during my interview(s) or relocation negotiations, whether written or oral. No modification
of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed
by the President or CEO of the Company and me. Any subsequent change or changes in my duties, salary, or compensation will not
affect the validity or scope of this Agreement.

 

C.          Severability.
If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full
force and effect.

 

D.          Successors
and Assigns. This Agreement will be binding upon my heirs, executors, assigns, administrators, and other legal representatives,
and will be for the benefit of the Company, its successors, and its assigns. There are no intended third-party beneficiaries to
this Agreement, except as expressly stated. Notwithstanding anything to the contrary herein, Company may assign this Agreement
and its rights and obligations under this Agreement to any successor to all or substantially all of Company’s relevant assets,
whether by merger, consolidation, sale of assets or stock, or otherwise.

 

E.          Waiver.
Waiver by the Company of a breach of any provision of this Agreement will not operate as a waiver of any other or subsequent breach.

 

F.          Survivorship.
The rights and obligations of the parties to this Agreement will survive termination of my employment with the Company.

 

G.          Signatures.
This Agreement may be signed in two counterparts, each of which shall be deemed an original, with the same force and effectiveness
as though executed in a single document.

 

	Date:	10/18/2010	 	/s/ Dan E. Conger
	 	 	 	Signature
	 	 	 	 
	 	 	 	Dan E. Conger
	 	 	 	Name of Employee (typed or printed)

 

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	Witness:	 
	 	 
	 	 
	Signature	 
	 	 
	 	 
	Name (typed or printed)	 

 

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Exhibit A

 

LIST OF PRIOR INVENTIONS

AND ORIGINAL WORKS OF AUTHORSHIP

 

	Title	 	Date	 	Identifying Number or Brief
	 	 	 	 	Description
	 	 	 	 	 

 

 

 

 

 

 

 

 

 

_____ No inventions or
improvements

 

  

______ Additional Sheets Attached

 

 

	Signature of Employee:	 	 
	 	 	 
	Print Name of Employee:	 	 

 

	Date:	 	 

 

    	 

    	 

    

  

Exhibit B

 

CALIFORNIA LABOR CODE SECTION
2870 

INVENTION ON OWN TIME-EXEMPTION FROM AGREEMENT

 

“(a) Any provision
in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an invention
to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using
the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

(1)         Relate
at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer; or

 

(2)         Result
from any work performed by the employee for the employer.

 

(b)        To
the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from
being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.”

 

    	 

    	 

    

 

 

Exhibit C

 

SEMLER SCIENTIFIC, INC.

 

TERMINATION CERTIFICATION

 

This is to certify that I
do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence,
specifications, drawings, blueprints, sketches, materials, equipment, any other documents or property, or reproductions of any
and all aforementioned items belonging to Semler Scientific, Inc., its subsidiaries, affiliates, successors or assigns (together,
the “Company”).

 

I further certify that I have
complied with all the terms of the Company’s At-Will Employment, Confidential Information, Invention Assignment, and Arbitration
Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined therein) conceived
or made by me (solely or jointly with others), as covered by that agreement.

 

I further agree that, in compliance
with the At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement, I will preserve as confidential
all Company Confidential Information and Associated Third Party Confidential Information, including trade secrets, confidential
knowledge, data, or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or
experimental work, computer programs, databases, other original works of authorship, customer lists, business plans, financial
information, or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants, or
licensees.

 

I also agree that for twelve
(12) months from this date, I will not either directly or indirectly solicit any of the Company’s employees to leave their
employment, or to enter into an employment, consulting, contractor, or other relationship with any other person, firm, business
entity, or organization (including with myself). I agree that nothing in this paragraph shall affect my continuing obligations
under the At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement during and after this twelve
(12) month period, including, without limitation, my obligations under Section 2A thereof.

 

After leaving the Company’s
employment, I will be employed by __________________ in the position of: __________________.

 

    	 

    	 

    

  

	 	 	 
	 	Signature of employee	 
	 	 	 
	 	 	 
	 	Print name	 
	 	 	 
	 	 	 
	 	Date	 
	 	 	 
	Address for Notifications:	 	 

 

    	 

    	 

    

 

 

Exhibit D

 

SEMLER SCIENTIFIC, INC.

 

CONFLICT OF INTEREST GUIDELINES

 

It is the policy of Semler
Scientific, Inc. to conduct its affairs in strict compliance with the letter and spirit of the law and to adhere to the highest
principles of business ethics. Accordingly, all officers, employees, and independent contractors must avoid activities that are
in conflict, or give the appearance of being in conflict, with these principles and with the interests of the Company. The following
are potentially compromising situations that must be avoided:

 

1.         Revealing
confidential information to outsiders or misusing confidential information. Unauthorized divulging of information is a violation
of this policy whether or not for personal gain and whether or not harm to the Company is intended. (The At-Will Employment, Confidential
Information, Invention Assignment, and Arbitration Agreement elaborates on this principle and is a binding agreement.)

 

2.         Accepting
or offering substantial gifts, excessive entertainment, favors, or payments that may be deemed to constitute undue influence or
otherwise be improper or embarrassing to the Company.

 

3.         Participating
in civic or professional organizations that might involve divulging confidential information of the Company.

 

4.         Initiating
or approving personnel actions affecting reward or punishment of employees or applicants where there is a family relationship or
is or appears to be a personal or social involvement.

 

5.         Initiating
or approving any form of personal or social harassment of employees.

 

6.         Investing
or holding outside directorship in suppliers, customers, or competing companies, including financial speculations, where such investment
or directorship might influence in any manner a decision or course of action of the Company.

 

7.         Borrowing
from or lending to employees, customers, or suppliers.

 

8.         Acquiring
real estate of interest to the Company.

 

9.         Improperly
using or disclosing to the Company any proprietary information or trade secrets of any former or concurrent employer or other person
or entity with whom obligations of confidentiality exist.

 

10.       Unlawfully
discussing prices, costs, customers, sales, or markets with competing companies or their employees.

 

    	 

    	 

    

 

 

11.       Making
any unlawful agreement with distributors with respect to prices.

 

12.       Improperly
using or authorizing the use of any inventions that are the subject of patent claims of any other person or entity.

 

13.       Engaging
in any conduct that is not in the best interest of the Company.

 

Each officer, employee,
and independent contractor must take every necessary action to ensure compliance with these guidelines and to bring problem areas
to the attention of higher management for review. Violations of this conflict of interest policy may result in discharge without
warning.Exhibit 10.6

 

SEMLER SCIENTIFIC, INC.

AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION,

INVENTION ASSIGNMENT,

AND ARBITRATION AGREEMENT

 

As a condition of my employment with
Semler Scientific, Inc., its subsidiaries, affiliates, successors or assigns (together the “Company”), and in
consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company, I agree
to the following provisions of this Semler Scientific, Inc. At-Will Employment, Confidential Information, Invention Assignment,
and Arbitration Agreement (this “Agreement”):

 

1.         At-Will
Employment.

 

I UNDERSTAND AND ACKNOWLEDGE THAT
MY EMPLOYMENT WITH THE COMPANY IS FOR NO SPECIFIED TERM AND CONSTITUTES “AT-WILL” EMPLOYMENT. I ALSO UNDERSTAND THAT
ANY REPRESENTATION TO THE CONTRARY IS UNAUTHORIZED AND NOT VALID UNLESS IN WRITING AND SIGNED BY THE PRESIDENT OR CEO OF THE COMPANY.
ACCORDINGLY, I ACKNOWLEDGE THAT MY EMPLOYMENT RELATIONSHIP MAY BE TERMINATED AT ANY TIME, WITH OR WITHOUT GOOD CAUSE OR FOR ANY
OR NO CAUSE, AT MY OPTION OR AT THE OPTION OF THE COMPANY, WITH OR WITHOUT NOTICE. I FURTHER ACKNOWLEDGE THAT THE COMPANY MAY MODIFY
JOB TITLES, SALARIES, AND BENEFITS FROM TIME TO TIME AS IT DEEMS NECESSARY.

 

2.         Confidential
Information.

 

A.           Company
Information. I agree that during and after my employment with the Company, I will hold in the strictest confidence, and will
not use (except for the benefit of the Company during my employment) or disclose to any person, firm, or corporation (without written
authorization of the President, CEO, or the Board of Directors of the Company) any Company Confidential Information. I understand
that my unauthorized use or disclosure of Company Confidential Information during my employment may lead to disciplinary action,
up to and including immediate termination and legal action by the Company. I understand that “Company Confidential
Information” means any non-public information that relates to the actual or anticipated business, research or development
of the Company, or to the Company’s technical data, trade secrets, or know-how, including, but not limited to, research,
product plans, or other information regarding the Company’s products or services and markets therefor, customer lists and
customers (including, but not limited to, customers of the Company on which I called or with which I may become acquainted during
the term of my employment), software, developments, inventions, processes, formulas, technology, designs, drawings, engineering,
hardware configuration information, marketing, finances, and other business information; provided, however, Company Confidential
Information does not include any of the foregoing items to the extent the same have become publicly known and made generally available
through no wrongful act of mine or of others. I understand that nothing in this Agreement is intended to limit

 

    	 

    	 

    

 

employees’ rights to discuss the
terms, wages, and working conditions of their employment, as protected by applicable law.

 

B.           Former
Employer Information. I agree that during my employment with the Company, I will not improperly use, disclose, or induce the
Company to use any proprietary information or trade secrets of any former or concurrent employer or other person or entity. I further
agree that I will not bring onto the premises of the Company or transfer onto the Company’s technology systems any unpublished
document, proprietary information, or trade secrets belonging to any such employer, person, or entity unless consented to in writing
by both the Company and such employer, person, or entity.

 

C.           Third
Party Information. I recognize that the Company may have received and in the future may receive from third parties associated
with the Company, e.g., the Company’s customers, suppliers, licensors, licensees, partners, or collaborators (“Associated
Third Parties”), their confidential or proprietary information (“Associated Third Party Confidential Information”).
By way of example, Associated Third Party Confidential Information may include the habits or practices of Associated Third Parties,
the technology of Associated Third Parties, requirements of Associated Third Parties, and information related to the business conducted
between the Company and such Associated Third Parties. I agree at all times during my employment with the Company and thereafter
to hold in the strictest confidence, and not to use or to disclose to any person, firm, or corporation, any Associated Third Party
Confidential Information, except as necessary in carrying out my work for the Company consistent with the Company’s agreement
with such Associated Third Parties. I further agree to comply with any and all Company policies and guidelines that may be adopted
from time to time regarding Associated Third Parties and Associated Third Party Confidential Information. I understand that my
unauthorized use or disclosure of Associated Third Party Confidential Information or violation of any Company policies during my
employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company.

 

3.         Inventions.

 

A.           Inventions
Retained and Licensed. I have attached hereto as Exhibit A, a list describing all inventions, discoveries, original
works of authorship, developments, improvements, and trade secrets that were conceived in whole or in part by me prior to my employment
with the Company and to which I have any right, title, or interest, which are subject to California Labor Code Section 2870
(attached hereto as Exhibit B), and which relate to the Company’s proposed business, products, or research and
development (“Prior Inventions”); or, if no such list is attached, I represent and warrant that there are no
such Prior Inventions. Furthermore, I represent and warrant that if any Prior Inventions are included on Exhibit A, they
will not materially affect my ability to perform all obligations under this Agreement. If, in the course of my employment with
the Company, I incorporate into or use in connection with any product, process, service, technology, or other work by or on behalf
of the Company any Prior Invention, I hereby grant to

 

    	- 2 -

    	 

    

 

the Company a non-exclusive, royalty-free,
fully paid-up, irrevocable, perpetual, transferable, worldwide license, with the right to grant and authorize sublicenses, to make,
have made, modify, use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative works of, display,
perform, and otherwise exploit such Prior Invention without restriction, including, without limitation, as part of or in connection
with such product, process, service, technology, or other work, and to practice any method related thereto.

 

B.           Assignment
of Inventions. I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right
and benefit of the Company, and agree to assign and hereby do irrevocably assign to the Company, or its designee, all my right,
title, and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs,
discoveries, ideas, trademarks, or trade secrets, whether or not patentable or registrable under patent, copyright, or similar
laws, which I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced
to practice, during the period of time I am in the employ of the Company (including during my off-duty hours), or with the use
of Company’s equipment, supplies, facilities, or Company Confidential Information, except as provided in Section 3.F
below (collectively referred to as “Inventions”). I further acknowledge that all original works of authorship
that are made by me (solely or jointly with others) within the scope of and during the period of my employment with the Company
and that are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright
Act. I understand and agree that the decision whether or not to commercialize or market any Inventions is within the Company’s
sole discretion and for the Company’s sole benefit, and that no royalty or other consideration will be due to me as a result
of the Company’s efforts to commercialize or market any such Inventions.

 

C.           Moral
Rights. Any assignment to the Company of Inventions includes all rights of attribution, paternity, integrity, modification,
disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral rights,"
“artist’s rights," “droit moral," or the like (collectively, “Moral Rights”). To
the extent that Moral Rights cannot be assigned under applicable law, I hereby waive and agree not to enforce any and all Moral
Rights, including, without limitation, any right to identification of authorship or limitation on subsequent modification that
I may have in the assigned Inventions.

 

D.           Maintenance
of Records. I agree to keep and maintain adequate, current, accurate, and authentic written records of all Inventions made
by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes,
sketches, drawings, electronic files, reports, or any other format that may be specified by the Company. The records are and will
be available to and remain the sole property of the Company at all times.

 

E.           Further
Assurances. I agree to assist the Company, or its designee, at the Company’s expense, in every proper way to secure the
Company’s rights in the Inventions and any

 

    	- 3 -

    	 

    

 

rights relating thereto in any and all
countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of
all applications, specifications, oaths, assignments, and all other instruments that the Company shall deem proper or necessary
in order to apply for, register, obtain, maintain, defend, and enforce such rights, and in order to assign and convey to the Company,
its successors, assigns, and nominees the sole and exclusive rights, title, and interest in and to such Inventions and any rights
relating thereto, and testifying in a suit or other proceeding relating to such Inventions and any rights relating thereto. I further
agree that my obligations under this Section 3E shall continue after the termination of this Agreement. If the Company is unable
because of my mental or physical incapacity or for any other reason to secure my signature with respect to any Inventions, including,
without limitation, to apply for or to pursue any application for any United States or foreign patents or copyright registrations
covering such Inventions, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents
as my agent and attorney in fact, to act for and in my behalf and stead, to execute and file any papers and oaths, and to do all
other lawfully permitted acts with respect to such Inventions with the same legal force and effect as if executed by me.

 

F.           Exception
to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to the Company do not
apply to any invention that qualifies fully under the provisions of California Labor Code Section 2870 (attached hereto as
Exhibit B). I will advise the Company promptly in writing of any inventions that I believe meet the criteria in California
Labor Code Section 2870 and are not otherwise disclosed on Exhibit A.

 

4.         Conflicting
Employment.

 

A.           Current
Obligations. I agree that during the term of my employment with the Company, I will not engage in or undertake any other employment,
occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved
or becomes involved or has plans to become involved, nor will I engage in any other activities that conflict with my obligations
to the Company.

 

B.           Prior
Relationships. Without limiting Section 4.A, I represent that I have no other agreements, relationships, or commitments
to any other person or entity that conflict with my obligations to the Company under this Agreement or my ability to become employed
and perform the services for which I am being hired by the Company. I further agree that if I have signed a confidentiality agreement
or similar type of agreement with any former employer or other entity, I will comply with the terms of any such agreement to the
extent that its terms are lawful under applicable law. I represent and warrant that after undertaking a careful search (including
searches of my computers, cell phones, electronic devices, and documents), I have returned all property and confidential information
belonging to all prior employers. Moreover, I agree to fully indemnify the Company, its directors, officers, agents, employees,
investors, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations, and

 

    	- 4 -

    	 

    

 

assigns for all verdicts, judgments,
settlements, and other losses incurred by any of them resulting from my breach of my obligations under any agreement to which I
am a party or obligation to which I am bound, as well as any reasonable attorneys’ fees and costs if the plaintiff is the
prevailing party in such an action, except as prohibited by law.

 

5.         Returning
Company Documents. Upon separation from employment with the Company or on demand by the Company during my employment, I will
immediately deliver to the Company, and will not keep in my possession, recreate, or deliver to anyone else, any and all Company
property, including, but not limited to, Company Confidential Information, Associated Third Party Confidential Information, as
well as all devices and equipment belonging to the Company (including computers, handheld electronic devices, telephone equipment,
and other electronic devices), Company credit cards, records, data, notes, notebooks, reports, files, proposals, lists, correspondence,
specifications, drawings, blueprints, sketches, materials, photographs, charts, any other documents and property, and reproductions
of any and all of the aforementioned items that were developed by me pursuant to my employment with the Company, obtained by me
in connection with my employment with the Company, or otherwise belonging to the Company, its successors, or assigns, including,
without limitation, those records maintained pursuant to Section 3.C. I also consent to an exit interview to confirm my compliance
with this Section 5.

 

6.         Termination
Certification. Upon separation from employment with the Company, I agree to immediately sign and deliver to the
Company the “Termination Certification” attached hereto as Exhibit C. I also agree to keep the Company
advised of my home and business address for a period of three (3) years after termination of my employment with the Company, so
that the Company can contact me regarding my continuing obligations provided by this Agreement.

 

7.         Notification
of New Employer. In the event that I leave the employ of the Company, I hereby grant consent to notification by the Company
to my new employer about my obligations under this Agreement.

 

8.         Solicitation
of Employees. I agree that for a period of twelve (12) months immediately following the termination of my relationship with
the Company for any reason, whether voluntary or involuntary, with or without cause, I shall not either directly or indirectly
solicit any of the Company’s employees to leave their employment, or attempt to solicit employees of the Company, either
for myself or for any other person or entity. I agree that nothing in this Section 8 shall affect my continuing obligations under
this Agreement during and after this twelve (12) month period, including, without limitation, my obligations under Section 2A.

 

9.         Conflict
of Interest Guidelines. I agree to diligently adhere to all policies of the Company, including the Company’s insider’s
trading policies and the Company’s Conflict of Interest Guidelines. A copy of the Company’s current Conflict of Interest
Guidelines is attached as Exhibit D hereto, but I understand that these Conflict of Interest Guidelines may be revised
from time to time during my employment.

 

    	- 5 -

    	 

    

 

10.       Representations.
I agree to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. I represent
that my performance of all the terms of this Agreement will not breach any agreement to keep in confidence information acquired
by me in confidence or in trust prior to my employment by the Company. I hereby represent and warrant that I have not entered into,
and I will not enter into, any oral or written agreement in conflict herewith.

 

11.       Audit.
I acknowledge that I have no reasonable expectation of privacy in any computer, technology system, email, handheld device,
telephone, or documents that are used to conduct the business of the Company. As such, the Company has the right to audit and search
all such items and systems, without further notice to me, to ensure that the Company is licensed to use the software on the Company’s
devices in compliance with the Company’s software licensing policies, to ensure compliance with the Company’s policies,
and for any other business-related purposes in the Company’s sole discretion. I understand that I am not permitted to add
any unlicensed, unauthorized, or non-compliant applications to the Company’s technology systems, including, without limitation,
open source or free software not authorized by the Company, and that I shall refrain from copying unlicensed software onto the
Company’s technology systems or using non-licensed software or websites. I understand that it is my responsibility to comply
with the Company’s policies governing use of the Company’s documents and the internet, email, telephone, and technology
systems to which I will have access in connection with my employment.

 

12.       Arbitration
and Equitable Relief.

 

A.           Arbitration.
IN CONSIDERATION OF MY EMPLOYMENT WITH THE COMPANY, ITS PROMISE TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES, AND MY RECEIPT OF
THE COMPENSATION, PAY RAISES, AND OTHER BENEFITS PAID TO ME BY THE COMPANY, AT PRESENT AND IN THE FUTURE, I AGREE THAT ANY AND
ALL CONTROVERSIES, CLAIMS, OR DISPUTES WITH ANYONE (INCLUDING THE COMPANY AND ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER, OR
BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), WHETHER BROUGHT ON AN INDIVIDUAL, GROUP, OR CLASS BASIS,
ARISING OUT OF, RELATING TO, OR RESULTING FROM MY EMPLOYMENT WITH THE COMPANY OR THE TERMINATION OF MY EMPLOYMENT WITH THE COMPANY,
INCLUDING ANY BREACH OF THIS AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE ARBITRATION RULES SET FORTH IN CALIFORNIA
CODE OF CIVIL PROCEDURE SECTION 1280 THROUGH 1294.2, INCLUDING SECTION 1281.8 (THE “ACT”), AND PURSUANT TO CALIFORNIA
LAW. THE FEDERAL ARBITRATION ACT SHALL CONTINUE TO APPLY WITH FULL FORCE AND EFFECT NOTWITHSTANDING THE APPLICATION OF PROCEDURAL
RULES SET FORTH IN THE ACT. DISPUTES THAT I AGREE TO ARBITRATE, AND THEREBY AGREE TO WAIVE ANY RIGHT TO A TRIAL BY JURY, INCLUDE
ANY STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS
ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT
PROTECTION ACT, THE SARBANES-OXLEY ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE CALIFORNIA

 

    	- 6 -

    	 

    

 

FAIR EMPLOYMENT AND HOUSING ACT, THE
FAMILY AND MEDICAL LEAVE ACT, THE CALIFORNIA FAMILY RIGHTS ACT, THE CALIFORNIA LABOR CODE, CLAIMS OF HARASSMENT, DISCRIMINATION,
AND WRONGFUL TERMINATION, AND ANY STATUTORY OR COMMON LAW CLAIMS. I FURTHER UNDERSTAND THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES
TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH ME.

 

B.           Procedure.
I AGREE THAT ANY ARBITRATION WILL BE ADMINISTERED BY JUDICIAL ARBITRATION & MEDIATION SERVICES, INC. (“JAMS”),
PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & PROCEDURES (THE “JAMS RULES”). I AGREE THAT THE ARBITRATOR
SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR
ADJUDICATION, MOTIONS TO DISMISS AND DEMURRERS, AND MOTIONS FOR CLASS CERTIFICATION, PRIOR TO ANY ARBITRATION HEARING. I ALSO AGREE
THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT THE ARBITRATOR SHALL AWARD
ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. I
agree that the decree or award rendered by the arbitrator may be entered as a final and binding judgment in any court having jurisdiction
thereof. I UNDERSTAND THAT THE COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR OR JAMS
EXCEPT THAT I SHALL PAY ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT I INITIATE, BUT ONLY SO MUCH OF THE FILING FEES AS
I WOULD HAVE INSTEAD PAID HAD I FILED A COMPLAINT IN A COURT OF LAW. I AGREE THAT THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY
ARBITRATION IN ACCORDANCE WITH CALIFORNIA LAW, INCLUDING THE CALIFORNIA CODE OF CIVIL PROCEDURE, AND THAT THE ARBITRATOR SHALL
APPLY SUBSTANTIVE AND PROCEDURAL CALIFORNIA LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO RULES OF CONFLICT OF LAW. TO THE
EXTENT THAT THE JAMS RULES CONFLICT WITH CALIFORNIA LAW, CALIFORNIA LAW SHALL TAKE PRECEDENCE. I AGREE THAT THE DECISION OF THE
ARBITRATOR SHALL BE IN WRITING. I agree that any arbitration under this Agreement shall
be conducted in Santa Clara County, California.

 

C.           Remedy.
EXCEPT AS PROVIDED BY THE ACT AND THIS AGREEMENT, ARBITRATION SHALL BE THE SOLE, EXCLUSIVE, AND FINAL REMEDY FOR ANY DISPUTE BETWEEN
ME AND THE COMPANY. ACCORDINGLY, EXCEPT AS PROVIDED FOR BY THE ACT AND THIS AGREEMENT, NEITHER I NOR THE COMPANY WILL BE PERMITTED
TO PURSUE COURT ACTION REGARDING CLAIMS THAT ARE SUBJECT TO ARBITRATION.

 

D.           Administrative
Relief. I UNDERSTAND THAT THIS AGREEMENT DOES NOT PROHIBIT ME FROM PURSUING AN ADMINISTRATIVE CLAIM WITH A LOCAL, STATE, OR
FEDERAL ADMINISTRATIVE BODY OR GOVERNMENT AGENCY THAT IS AUTHORIZED TO ENFORCE OR ADMINISTER LAWS RELATED TO EMPLOYMENT, INCLUDING,
BUT NOT LIMITED TO, THE DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, THE NATIONAL LABOR
RELATIONS BOARD, OR THE WORKERS’ COMPENSATION

 

    	- 7 -

    	 

    

 

BOARD. THIS AGREEMENT DOES, HOWEVER,
PRECLUDE ME FROM PURSUING COURT ACTION REGARDING ANY SUCH CLAIM, EXCEPT AS PERMITTED BY LAW.

 

E.           Voluntary
Nature of Agreement. I ACKNOWLEDGE AND AGREE THAT I AM EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE
INFLUENCE BY THE COMPANY OR ANYONE ELSE. I FURTHER ACKNOWLEDGE AND AGREE THAT I HAVE CAREFULLY READ THIS AGREEMENT AND THAT I HAVE
ASKED ANY QUESTIONS NEEDED FOR ME TO UNDERSTAND THE TERMS, CONSEQUENCES, AND BINDING EFFECT OF THIS AGREEMENT AND FULLY UNDERSTAND
IT, INCLUDING THAT I AM WAIVING MY RIGHT TO A JURY TRIAL. FINALLY, I AGREE THAT I HAVE BEEN PROVIDED AN OPPORTUNITY
TO SEEK THE ADVICE OF AN ATTORNEY OF MY CHOICE BEFORE SIGNING THIS AGREEMENT.

 

13.       General
Provisions.

 

A.           Governing
Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of California without giving
effect to any choice-of-law rules or principles that may result in the application of the laws of any jurisdiction other than California.
To the extent that any lawsuit is permitted under this Agreement, I hereby expressly consent to the personal and exclusive jurisdiction
and venue of the state and federal courts located in California for any lawsuit filed against me by the Company.

 

B.           Entire
Agreement. This Agreement, together with the Exhibits herein and any executed written offer letter between me and the Company,
to the extent such materials are not in conflict with this Agreement, sets forth the entire agreement and understanding between
the Company and me relating to the subject matter herein and supersedes all prior discussions or representations between us, including,
but not limited to, any representations made during my interview(s) or relocation negotiations, whether written or oral. No modification
of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed
by the President or CEO of the Company and me. Any subsequent change or changes in my duties, salary, or compensation will not
affect the validity or scope of this Agreement.

 

C.           Severability.
If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will continue in full
force and effect.

 

D.           Successors
and Assigns. This Agreement will be binding upon my heirs, executors, assigns, administrators, and other legal representatives,
and will be for the benefit of the Company, its successors, and its assigns. There are no intended third-party beneficiaries to
this Agreement, except as expressly stated. Notwithstanding anything to the contrary herein, Company may assign this Agreement
and its rights and obligations under this Agreement to any successor to all or substantially all of Company’s relevant assets,
whether by merger, consolidation, sale of assets or stock, or otherwise. 

 

    	- 8 -

    	 

    

 

E.           Waiver.
Waiver by the Company of a breach of any provision of this Agreement will not operate as a waiver of any other or subsequent
breach.

 

F.           Survivorship.
The rights and obligations of the parties to this Agreement will survive termination of my employment with the Company.

 

G.           Signatures.
This Agreement may be signed in two counterparts, each of which shall be deemed an original, with the same force and effectiveness
as though executed in a single document.

 

	Date:	 11/11/13	 	/s/
    Doug Murphy-Chutorian
	 	 	 	Signature
	 	 	 	 
	 	 	 	Doug Murphy-Chutorian
	 	 	 	Name of Employee (typed or printed)

 

	Witness:	 
	 	 
	 	 
	Signature	 

 

	Daniel E. Conger	 
	Name (typed or printed)	 

 

    	- 9 -

    	 

    

 

 

Exhibit A

 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP

  

	Title	 	Date	 	Identifying Number or Brief Description

 

 

 

 

 

 

 

 

 

___ No inventions or improvements

 

 

___ Additional Sheets Attached

 

 

	Signature of Employee:	 	 
	 	 	 
	Print Name of Employee: 	Doug Murphy-Chutorian	 

 

	Date: 	 	 

 

    	 

    	 

    

 

 

Exhibit B

 

CALIFORNIA LABOR CODE SECTION 2870 

INVENTION ON OWN TIME-EXEMPTION FROM AGREEMENT

 

“(a)      Any
provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights
in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time
without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions that
either:

 

(1)         Relate
at the time of conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably
anticipated research or development of the employer; or

 

(2)         Result
from any work performed by the employee for the employer.

 

(b)        To
the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from
being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.”

 

    	 

    	 

    

 

 

Exhibit C

 

SEMLER SCIENTIFIC, INC.

 

TERMINATION CERTIFICATION

 

This is to certify that I do not have in my possession,
nor have I failed to return, any devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings,
blueprints, sketches, materials, equipment, any other documents or property, or reproductions of any and all aforementioned items
belonging to Semler Scientific, Inc., its subsidiaries, affiliates, successors or assigns (together, the “Company”).

 

I further certify that I have complied with all the terms
of the Company’s At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement signed by
me, including the reporting of any inventions and original works of authorship (as defined therein) conceived or made by me (solely
or jointly with others), as covered by that agreement.

 

I further agree that, in compliance with the At-Will Employment,
Confidential Information, Invention Assignment, and Arbitration Agreement, I will preserve as confidential all Company Confidential
Information and Associated Third Party Confidential Information, including trade secrets, confidential knowledge, data, or other
proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer
programs, databases, other original works of authorship, customer lists, business plans, financial information, or other subject
matter pertaining to any business of the Company or any of its employees, clients, consultants, or licensees.

 

I also agree that for twelve (12) months from this date,
I will not either directly or indirectly solicit any of the Company’s employees to leave their employment, or to enter into
an employment, consulting, contractor, or other relationship with any other person, firm, business entity, or organization (including
with myself). I agree that nothing in this paragraph shall affect my continuing obligations under the At-Will Employment, Confidential
Information, Invention Assignment, and Arbitration Agreement during and after this twelve (12) month period, including, without
limitation, my obligations under Section 2A thereof.

 

After leaving the Company’s employment, I will be
employed by _____________________ in the position of:                          .

 

    	 

    	 

    

 

	 	 	 
	 	Signature of employee	 
	 	 	 
	 	 	 
	 	Print name	 
	 	 	 
	 	 	 
	 	Date	 
	 	 	 
	Address for Notifications:	 	 

 

    	 

    	 

    

 

Exhibit D

 

SEMLER SCIENTIFIC, INC.

 

CONFLICT OF INTEREST GUIDELINES

 

It is the policy of Semler Scientific, Inc. to conduct
its affairs in strict compliance with the letter and spirit of the law and to adhere to the highest principles of business ethics.
Accordingly, all officers, employees, and independent contractors must avoid activities that are in conflict, or give the appearance
of being in conflict, with these principles and with the interests of the Company. The following are potentially compromising situations
that must be avoided:

 

1.         Revealing
confidential information to outsiders or misusing confidential information. Unauthorized divulging of information is a violation
of this policy whether or not for personal gain and whether or not harm to the Company is intended. (The At-Will Employment, Confidential
Information, Invention Assignment, and Arbitration Agreement elaborates on this principle and is a binding agreement.)

 

2.         Accepting
or offering substantial gifts, excessive entertainment, favors, or payments that may be deemed to constitute undue influence or
otherwise be improper or embarrassing to the Company.

 

3.         Participating
in civic or professional organizations that might involve divulging confidential information of the Company.

 

4.         Initiating
or approving personnel actions affecting reward or punishment of employees or applicants where there is a family relationship or
is or appears to be a personal or social involvement.

 

5.         Initiating
or approving any form of personal or social harassment of employees.

 

6.         Investing
or holding outside directorship in suppliers, customers, or competing companies, including financial speculations, where such investment
or directorship might influence in any manner a decision or course of action of the Company.

 

7.         Borrowing
from or lending to employees, customers, or suppliers.

 

8.         Acquiring
real estate of interest to the Company.

 

9.         Improperly
using or disclosing to the Company any proprietary information or trade secrets of any former or concurrent employer or other person
or entity with whom obligations of confidentiality exist.

 

    	 

    	 

    

  

10.       Unlawfully
discussing prices, costs, customers, sales, or markets with competing companies or their employees.

 

11.       Making
any unlawful agreement with distributors with respect to prices.

 

12.       Improperly
using or authorizing the use of any inventions that are the subject of patent claims of any other person or entity.

 

13.       Engaging
in any conduct that is not in the best interest of the Company.

 

Each officer, employee, and independent contractor must
take every necessary action to ensure compliance with these guidelines and to bring problem areas to the attention of higher management
for review. Violations of this conflict of interest policy may result in discharge without warning.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]