Document:

Letter to Dave Alberga

 November 22, 1999 
  

Exhibit 10.11 
  
 Personal and Confidential 
  
 Mr. David Alberga 
  
 Dear Dave: 
  
 On behalf of RaceGate.com, Inc., a
California corporation (the “Company”), I am pleased to offer you the position of Chief Executive Officer of the Company. This offer is contingent upon the documentation of your U.S. citizenship or authorized alien work status and
returning a signed copy of this letter indicating your acceptance. The terms of your employment relationship with the Company will be as set forth below: 
  
 1. Position. You will become the Chief Executive Officer of the Company. As such, you will have such responsibilities as determined by the Board of Directors of
the Company (“Board”). 
  
 2. Base Salary and Benefits. You will
be paid a base salary of $15,000.00 per month, effective as of the start date in Section 7. Your salary will be payable in accordance with the Company’s standard payroll policies (subject to applicable withholding). You will receive the
standard vacation and benefits package offered by the Company to its employees. 
  
 3. Relocation. You will relocate to San Diego no later than January 3, 2000. You will receive reimbursement of reasonable and legitimate moving expenses of up to $5,000.00. 
  
 4. Stock Option. As part of your compensation, the Company will grant you, subject to
the approval of the Board, an option to purchase 1,568,975 shares of Common Stock, which will vest over a four year period. Twenty-five percent of these shares will vest at the end of your first year of employment at the Company, with the other
shares vesting over the remaining thirty-six months on a pro rata basis. The option will be subject to the terms and conditions of the Company’s stock option plan. 
  
 5. Standard Employee Agreements. Like all Company employees, you will be required to sign the Company’s standard confidentiality
agreement relating to protection of the Company’s proprietary and confidential information and assignment of inventions. In addition, you will abide by the Company’s strict policy that prohibits any new employee from using or bringing with
him or her from a previous employer any confidential information, trade secrets, or proprietary materials or processes of such former employer. 
  

			
	 Mr. David Alberga
	  	November 22, 1999
	 	  	Page 2

  

 6. At-Will Employment. You will be an employee-at-will, meaning that either you or the Company may terminate
your employment relationship at any time, without notice, for any reason or no reason. Similarly, the terms and conditions of your employment, including your position, title, duties and compensation, may be changed by the Company at any time for any
reason. Even though your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time during your tenure, the “at-will” nature of your employment is one aspect
which may not be changed, except in an express writing signed by the Board. 
  
 7.
Start Date. Your employment with the Company will commence December 6, 1999. However, after working the week of December 6, you will be permitted to take time off so you can complete the transition to California. While completing this
transition, you will make yourself available by telephone to attend to issues that need your attention. You will return to your full-time duties on January 3, 2000. 
  
 8. Severance Pay. In the event your employment is terminated by the Company for Cause (as defined below) or you resign from the
Company without Good Reason (as defined below), or your employment terminates due to your death or disability, you shall not be entitled to severance pay. In the event your employment is terminated by the Company other than for Cause or you resign
for Good Reason, you shall be entitled to severance pay in the form of semi-monthly payments in the amount of your base pay as in effect on the date of termination, payable in accordance with customary payroll practices, for twelve (12) months
following such termination. In addition, the Company will pay your COBRA premiums for one year after such termination, and will accelerate by one year the vesting on the unvested portion of your options. Solely for purposes of this Section 8,
“Cause” shall mean the termination of your employment by reason of your (i) substantial failure or refusal to perform the duties of your employment as specifically directed in writing by the Board of Directors, or (ii) commission of any
act of fraud, embezzlement or dishonesty, (iii) being convicted, pleading guilty to or failing to contest a crime that is a felony; (iv) any unauthorized use or disclosure by you of confidential information or trade secrets of the Company (or any
parent of subsidiary), failure to abide by the Company’s policies or any other intentional misconduct by you adversely affecting the business affairs or prospects of the Company (or any parent or subsidiary) in a material manner. Solely for
purposes of this Section 8, “Good Reason” shall mean Optionee’s voluntary resignation following (A) a change in Optionee’s position with the Corporation (or Parent or Subsidiary employing Optionee) which materially reduces
Optionee’s duties and responsibilities, (B) a reduction in Optionee’s level of compensation (including base salary, fringe benefits and target bonuses under any corporate-performance based incentive programs) by more than fifteen percent
(15%) or (C) a relocation of Optionee’s place of employment by more than one hundred (100) miles, provided and only if such change, reduction or relocation is effected by the Corporation without Optionee’s consent. 
  

			
	 Mr. David Alberga
	  	November 22, 1999
	 	  	Page 3

  

 9. Change of Control. In the event of a change of control, all of your then outstanding options will
accelerate and vest six months after the date of the Change in Control, provided that you continue to be employed by the Company for that entire period. In the event that you are terminated within the first 6 months following a Change of Control for
anything other than for Cause, then your unvested options will vest in full. For purposes of this section, Change of Control shall mean either of the following transactions: (i) a merger or consolidation in which securities possessing more than
fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different form the persons holding those securities immediately prior to such transaction, or (ii) the sale,
transfer or other disposition of all or substantially all of the Company’s assets to another entity or in complete liquidation or dissolution of the Company. 
  
 10. Entire Agreement. This letter, along with your Employee Proprietary Information and Inventions Agreement, constitutes the entire
agreement between the parties and supersedes all other agreements or understandings. By signing this letter you acknowledge that you are not relying on any promises or representations that are not contained in this letter. This letter can only be
modified in a written agreement signed by you and the Board. 
  
 Again, let me
indicate how pleased we are to extend this offer, and how much we look forward to working with you. Please indicate your acceptance by signing and returning the enclosed copy of this letter. 
  
 Very truly yours, 
  

			
	RaceGate.com, Inc.
		
	By:	 	 /s/    Scott Kyle

	 	 	

	 Title:
	 	 CFO

  
 The forgoing terms and conditions are
hereby accepted: 
  

	
	
	 /s/ David Alberga

	

	 David AlbergaLetter to Matthew Landa

 Exhibit 10.12 
  

			
	 	  	February 14, 2000
	 	  	 

  

 Personal and Confidential 
  
 Matthew Landa 
 mattlanda@aol.com 
  
 Dear Mr. Landa: 
  
 On behalf of ActiveUSA.com, Inc., a California corporation (the “Company”), I am pleased to offer you the position
of Chief Commerce Officer for the Company. This offer is also contingent upon the documentation of your U.S. citizenship or authorized alien work status and returning a signed copy of this letter indicating your acceptance as well as an Employee
Proprietary Information and Inventions Agreement. The terms of your employment relationship with the Company will be as set forth below: 
  

	 	1.	Position. You will become a Chief Commerce Officer for the Company. As such, you will have such responsibilities as determined by the Chief Executive Officer or Board of
Directors of the Company. 

  

	 	2.	Base Salary and Performance Bonus. You will be paid a base salary of $170,000 per year. Your salary will be payable in accordance with the Company’s standard payroll
policies (subject to normal required withholding). You will also receive a vacation and benefits plan. 

  

	 	3.	Stock and/or Options. Subject to the approval of the Board of Directors of the Company, you will be granted an option (the “Option”) to purchase 300,000 shares of
the Company’s common stock (the “Shares”) at an exercise price per share equal to the fair market value of the Company’s common stock as established by the Company’s Board of Directors on the date of the grant. The grant of
the Option will be subject to the terms of the Company’s plan documentation and compliance with applicable securities law and will also be subject to standard Company vesting schedule as follows: 

  

	 	•	12/48th of the Shares to be vested at the end of
the first year of employment, 1/48th of the shares to vest each month beginning with the 13th month of your
employment at the Company. 

  

	 	•	 50% of all unvested Shares shall automatically vest at the end of the first six months of your employment following a “change of control” of the Company.
For purposes of this Agreement, a “change of control” shall be deemed to have occurred if any person or group of persons acting as a group, other than existing directors or their affiliates, shall have acquired 

  

			
	 	  	February 14, 2000
	 	  	Page 2

  

	 	 
control over the voting power represented by at least 50% of the then outstanding shares of common stock of the Company. The rights granted to you under this
clause are in addition to any other rights related to termination of your employment that are granted to you under other agreements entered into between you and the Company. 

  

	 	4.	Severance. 

  

	 	A.	If your employment is terminated by the Company within one year of the commencement of your employment with the Company, for any reason other than for Cause (as defined below) (a)
you will be entitled to receive your base salary, paid as though you were still employed by the Company for a period of 6 months following the date of your termination in installments in accordance with the Company’s normal payroll practices,
and (b) 6/48th of the Shares granted to you shall automatically vest and your Option shall expire with respect to the remaining unvested Shares. You will not be entitled to any additional payments, salary, bonus or benefits. Cause is defined as (i)
fraud, embezzlement or misappropriation by you involving the business or assets of the Company; (ii) the persistent and willful failure by you substantially to perform your duties and responsibilities to the Company, which failure continues after
you receive written notice; (iii) failures to abide by the Company’s policies; or (iv) your conviction of a felony. 

  

	 	B.	If your employment with the Company is terminated for any reason other than Cause within six months following a “change of control” of the Company, then (i) 50% of all
Shares that have not vested at the time of such termination shall automatically vest, (ii) an additional 6/48th of
the Shares that have not vested at the time of such termination shall automatically vest, and (iii) you will be entitled to receive your base salary, paid as though you were still employed by the Company, for a period of 6 months following the date
of your termination in installments in accordance with the Company’s normal payroll practices. The total number of Shares that vest under clauses (i) and (ii) of this paragraph shall not exceed the total number of unvested Shares in existence
immediately prior to such termination. 

  

	 	5.	Moving Allowance. You will receive a relocation allowance not to exceed $10,000.00 plus one month rent for pre-approved local housing arrangements. 

 

	 	6.	Standard Employee Agreements. You will be required to sign the Company’s standard confidentiality agreement relating to protection of the Company’s proprietary and
confidential information and assignment of inventions. In addition, you will abide by the Company’s strict policy that prohibits any new employee from using or bringing with him or her from a previous employer any confidential information,
trade secrets, or proprietary materials or processes of such former employer. 

  

			
	 	  	February 14, 2000
	 	  	Page 3

  

	 	7.	At-Will Employment. You will be an employee-at-will, meaning that either you or the Company may terminate your employment relationship at any time, without notice, for any
reason or no reason. Similarly, the terms and conditions of your employment, including your position, title, duties and compensation, may be changed by the company at any time for any reason. Even though your job duties, title compensation and
benefits, as well as the Company’s personnel policies and procedures, may change from time to time during your tenure, the “at-will” nature of your employment is one aspect which may not be changed, except in an express writing signed
by the President of the Company. 

  

	 	8.	Start Date. Your employment with the Company will commence on March 27, 2000. 

  

	 	9.	Entire Agreement. This letter, along with your Employee Proprietary Information and inventions Agreement, constitutes the entire agreement between the parties and supersedes
all other agreements or understandings. By signing this letter you acknowledge that you are not relying on any promises or representations that are not contained in this letter. This letter can only be modified in a written agreement signed by both
parties. 

  
 Again, let me indicate how pleased we
are to extend this offer, and how much we look forward to working with you. Please indicate your acceptance by signing and returning the enclosed copy of this letter. 
  
 Very truly yours, 
  

			
	ActiveUSA.com.
		
	By:	 	 /s/    Scott Kyle        

	 	 	

	 Title:
	 	 Chief Financial Officer

  
 The foregoing terms and conditions are
hereby accepted: 
  

			
		
	 Signed:
	 	 /s/ Matthew G. Landa

	 	 	

		
	 Print Name:
	 	MATTHEW G. LANDA
		
	 Date:
	 	3/27/00

  

 3

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