Document:

EX-10.13

 Exhibit 10.13 
  

 
 7000 Shoreline Court, Suite 371 

South San Francisco, CA 94080 
 (t)
650.266.1120 
 (f) 650.266.1130 

www.achaogen.com 
 December 29, 2012

 Dennis Hom 
 Dear Dennis: 

I am pleased to offer you a position with Achaogen, Inc. (the “Company”), as VP, Finance and Corporate Development reporting directly to me. Your
position with the Company pursuant to the terms and conditions of this letter will commence no later than January 3, 2013 (the “Start Date”). You will have duties and responsibilities, consistent with your position within the Company,
as will reasonably be assigned to you by me. You agree to perform your duties faithfully and to the best of your abilities and to devote your full business efforts and time to the Company. Furthermore, while employed by the Company, you agree to not
actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without prior approval of the CEO and Board of Directors. 

The Company reserves the right to conduct background and credit investigations and reference checks on all of its potential employees. Your job offer,
therefore, is contingent upon a clearance of such a background investigation and reference check. 
 Salary. While employed by the Company,
you will receive as compensation for your services a base salary at the annualized rate of two hundred fifty thousand dollars ($250.000). Your salary will be paid periodically in accordance with the Company’s normal payroll practices and will
be subject to annual review and the usual, required withholding. 
 Performance Bonus. In addition to your
base salary, you will be eligible to receive a discretionary 2013 bonus of up to 25% of base salary (pro-rated for your 2013 tenure) based upon your performance, as determined by the Company, against specific milestones to be defined by the Company.
We do not have a formal bonus plan in place at the present time, but anticipate implementing one in future years. 
 Stock
Option. Subject to approval by the Board of Directors, you will be granted options purchase a total of 1,045,900 shares of the Company’s common stock (the “Stock Option Grants”) comprised of two separate
grants to purchase 784,425 shares (the “Time-Based Option”) and 261.475 shares (the “Performance-Based Option”), with different vesting schedules as described below. 

The Time-Based Option will have an exercise price equal to the fair market value per share on the date of grant, as determined by the Board of
Directors, and, subject to your continued service with the Company through each vesting date, the Option will vest in accordance with the following vesting schedule: 

	 	•	 	1/4th of the total number of shares initially subject to the Option will vest on the first anniversary of your employment start date (such start date, the
“Vesting Commencement Date”); and 

  

	 	•	 	1/48th of the total number of shares initially subject to the Option will vest on each or the next 36 months thereafter on the same day of the month as the Vesting
Commencement Date. 

 The Performance-Based Option will also have an exercise price equal to the fair market per share on the
date of grant, as determined by the Board of Directors, and, subject to your continued service with the Company through each vesting date, the Performance Option will vest in accordance with the following vesting schedule: 

 

	 	•	 	1/3 of the total number of shares initially subject to the Performance-Based Option shall vest on the first date the fair market value of the Company’s common stock is first $3 (33 1/3% of the Performance-Based
Option), $5 (33 1/3% of the Performance-Based Option), and $7 (33 1/3% of the Performance-Based Option), respectively. So long as the Company’s common stock is not publicly traded, the fair market value of the common stock will be determined by
the Board of Directors. In the event the Company’s common stock becomes publicly traded, the fair market value of the common stock will be determined based on the closing trading price of the stock. 

Each Stock Option Grant will be subject to the terms and conditions of the Company’s 2003 Stock Plan and the applicable option agreement between you and
the Company, both of which are incorporated herein by reference. 
 Employee Benefit Plans. As a Company employee, you
are also eligible to receive certain employee benefits pursuant to the terms of Company benefit plans as they may exist from time to time. 

At-Will Employment. You should understand that your employment with the Company is “at-will” and is for no
specified period. As a result, you are free to resign at any time, for any reason, with or without cause. Similarly, the Company is free to conclude its employment relationship with you at any time, for any reason, with or without cause. This is the
full and complete agreement between us on this term. 
 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 CEO. 

Confidential Information/Arbitration. You will be required to sign and comply with the attached At-Will Employment,
Confidential Information, Invention Assignment and Arbitration Agreement (the “Confidentiality Agreement”) as a condition of your employment. The Confidentiality Agreement requires, among other things, the assignment of patent rights to
any invention made during your employment at the Company and non-disclosure of Company proprietary information. We also ask that you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to
be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any, such agreements will not prevent you from performing the duties of your position and you represent that such is the case.
You further agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information.

 Federal Immigration. For purposes of federal immigration law, you will be required to provide to the Company
documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.

  
 2 

 Arbitration of Disputes. In the event of any dispute or claim relating to or
arising out of our employment relationship, you and the Company agree that (i) any and all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury
trial but all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the
Company shall be responsible for the arbitrator’s fees and costs to the extent they exceed any fee or cost that the Company would be required to bear if the action were brought in an applicable federal or state court. Please note that we must
receive your signed Agreement before your first day of employment 
 Governing Laws. This letter will be
governed by the laws of the state of California. with the exception of its conflict of laws provisions. 
 This offer letter, the
Confidentiality Agreement or existing confidential information agreement, as applicable, between you and the Company, as well as the Company’s 2003 Stock Plan and stock option agreements evidencing the Stock Option Grants, represent the entire
agreement and understanding between you and the Company concerning your employment relationship with the Company, and supersede in their entirety any and all prior representations or agreements and any representations made during your recruitment,
interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a written agreement signed by the Board (or its authorized
designee) and you. 
 To confirm your acceptance and agreement to the terms set forth in this offer letter please sign, date, and return this letter to me.

 I am excited to welcome you to the Company, and I look forward to your participation in the Company’s future success. 

Sincerely, 
 /s/ Kenneth Hillan 

Kenneth Hillan 
 CEO & CMO 

Achaogen, Inc 
 Accepted and agreed to this 2nd day of
January, 2013 
 /s/ Dennis Hom 

 

                    Applicant Signature 

 

			
	Enclosures:	  	 Duplicate Original Letter
 At-Will Employment,
Confidential Information, Invention Assignment and Arbitration Agreement

  
 3EX-10.14

 Exhibit 10.14 

ACHAOGEN, INC. 

CHANGE IN CONTROL PLAN 

EFFECTIVE MARCH 8, 2012 

This Achaogen, Inc. Change in Control Plan (this “Plan”) sets forth certain accelerated vesting benefits available to the
Covered Employees (as defined below) of Achaogen, Inc. (the “Company”) in the event of the consummation of a Change in Control (as defined below) of the Company pursuant to a definitive agreement entered into by the Company or its
stockholders on or prior to December 31, 2014 (an “Acquisition Agreement”). 
 1. General Eligibility. You will
only be eligible to participate in this Plan if you are employed on a full-time basis by the Company immediately prior to the Company’s entry into an Acquisition Agreement (a “Covered Employee”). 

2. Accelerated Vesting Benefit. If you are a Covered Employee and the Company consummates a Change in Control pursuant to an
Acquisition Agreement, then subject to you delivering a general release of all claims against the Company in a form acceptable to the Company (a “Release”) that becomes effective and irrevocable within sixty (60) days following
the consummation of such Change in Control, then the vesting, exercisability and/or lapsing of restrictions with respect to each Equity Award (as defined below) held by you shall accelerate in full with respect to one hundred percent (100%) of
the shares of Company common stock subject thereto, such acceleration to be effective as of immediately prior to the consummation of such Change in Control. 

3. Definitions. For the purposes of this Plan, the following terms shall have the following meanings: 

a. Change in Control. “Change in Control” means (i) any acquisition of the Company by another
entity by means of any transaction or series of related transactions to which the Company or its stockholders is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation, but excluding any sale of stock
for capital raising purposes) other than a transaction or series of transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction continue to retain (either by such voting securities
remaining outstanding or by such voting securities being converted into voting securities of the surviving entity), as a result of shares in the Company held by such holders prior to such transaction, at least fifty percent (50%) of the total
voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such transaction or series of transactions, or (ii) a sale, lease, exclusive license or other conveyance of all or
substantially all of the assets of the Company. 
 b. Equity Award. “Equity Award” means a stock
option, restricted stock, restricted stock unit, stock appreciation right or other equity-based award held by a Covered Employee as of immediately prior to a Change in Control. 

c. Plan Administrator. “Plan Administrator” means the Board of Directors of the Company. 

4. Effective Date of Plan/Amendment. This Plan shall be effective as of March 8, 2012 (the “Effective Date”) and
shall automatically terminate on December 31, 2014 in the event an Acquisition Agreement is not entered into on or prior to such date. Otherwise, the Plan Administrator shall have the power to amend or terminate this Plan from time to time in
its discretion and for any reason (or no reason), provided, that no amendment or termination of the Plan shall impair any rights of or obligations to any Covered Employee under this Plan unless such Covered Employee expressly consents to such
amendment or termination. 

  
 1 

 5. Plan Administration. The Plan Administrator is responsible for the general
administration and management of this Plan and shall have all powers and duties necessary to fulfill its responsibilities, including, but not limited to, the discretion to interpret and apply this Plan and to determine all questions relating to
eligibility for benefits. This Plan shall be interpreted in accordance with its terms and their intended meanings. However, the Plan Administrator shall have the discretion to interpret or construe ambiguous, unclear, or implied (but omitted) terms
in any fashion it deems to be appropriate in its sole discretion, and to make any findings of fact needed in the administration of this Plan. The validity of any such interpretation, construction, decision, or finding of fact shall not be given de
novo review if challenged in court, by arbitration, or in any other forum, and shall be upheld unless clearly arbitrary or capricious. All actions taken and all determinations made in good faith by the Plan Administrator will be final and binding on
all persons claiming any interest in or under this Plan. 
 6. Successors. Any successor to the Company (whether direct or indirect
and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under the Plan and agree expressly to perform any of the
Company’s obligations under the Plan. For all purposes under the Plan, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers an assumption agreement or which becomes
bound by the terms of the Plan by operation of law and shall include any successor by merger, consolidation or stock purchase. All of your rights hereunder shall inure to the benefit of, and be enforceable by, your personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and legatees. 
 7. Limitation On Employee Rights; At-Will
Employment. This Plan shall not give any employee the right to be retained in the service of the Company or interfere with or restrict the right of the Company to discharge or retire the employee. All employees of the Company are employed at
will. 
 8. No Third-Party Beneficiaries. This Plan shall not give any rights or remedies to any person other than covered employees
and the Company. 
 9. Governing Law. This Plan shall be interpreted, administered, and enforced in accordance with the statutes and
common law of the State of California, excluding any that mandate the use of another jurisdiction’s laws. 
 10. No Assignment of
Benefits. The rights of any person to payments or benefits under this Plan shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy,
garnishment, attachment or other creditor’s process, and any action in violation of this subsection shall be void. 

  
 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]