Document:

Exhibit 10.13

 

 

 

February 23, 2016

 

VIA E-MAIL

 

Mr. Peter Hantman

5251 Nassau Circle East

Cherry Hills, CO 80113

 

		Re:	Terms of Employment

 

Dear Peter,

 

The purpose of this letter agreement
(this “Agreement’’) is to
formally confirm the terms and conditions of your continued employment with E2Open, LLC (the “Company”).

 

Title and Duties

 

During your employment, you
will serve as the Company’s Chief Financial and Integration Officer, reporting to
the Chief Executive Officer of the Company, and you will have duties and responsibilities that are consistent with such position.

 

Base Salary

 

You will receive an annual salary
of $300,000, paid semi-monthly in accordance with the Company’s regular payroll practices.

 

Annual Bonus

 

During each fiscal year of
your employment with the Company, you will be eligible to participate in the relevant E2open incentive plan for your
position, with a target bonus amount equal to $200,000. The actual bonus amount will be based upon achievement of company and
individual performance targets established by the board of directors (the “Board”) of Eagle Parent
Holdings, LLC (“Eagle”), the
ultimate parent of the Company, for the fiscal Year to which the bonus relates. For the Company’s
fiscal year ending February 28, 2016, your actual bonus will be determined based on the achievement of company and individual
performance targets established by the Board and communicated to you; provided that you will be deemed to have
achieved one-hundred percent (100%) of the targets for each of the first and second quarters of fiscal 2016; provided,
further, that, with respect to the third and fourth quarters of fiscal 2016, the achievement of any such company and
individual targets for such quarters shall be in the sole discretion of the Board after consultation with the Chief Executive
Officer. The payment of any annual bonus described herein will be made at the same time annual bonuses are generally paid to
other senior executives of the Company, and will be subject to your continued employment with the Company through the
applicable payment date.

 

     

     

    

 

 

 

Employee
Benefits

 

As a Company employee, you are
eligible to receive paid time off/vacation and employee benefits available to employees at your position under the Company’s
policies and benefit programs. The Company expressly reserves the right to amend, modify or terminate the benefit plans, policies
and programs it offers to its employees at any time in accordance with their terms or to cease providing such benefit plans, policies
or programs.

 

Equity Grants

 

Subject to the approval of the Board, you will be granted 3,399,204
Class B Units of Eagle (the “Time-Vested Units”). The Time-Vested Units will be “profits interests”
and will have a Participation Level (as defined in the Amended and Restated Operating Agreement of the Company, dated as of March
26, 2015, as amended from time to time (the “Operating Agreement”)) at least equal to the fair market value
of Eagle on the date of grant. Subject to your continued employment with the Company through each applicable vesting date, the
Time-Vested Units will vest based solely on the passage of time, with 25% vesting on the first (1st) anniversary of
your vesting commencement date, which will be March 26, 2015, and the remainder vesting in substantially equal quarterly installments
during the next three (3) years (i.e., the period beginning March 26, 2016 and ending on March 26, 2019).

 

In addition, subject to the
approval of the Board, you will be granted 130,739 additional Class B Units of Eagle (the “Performance-Vested Units”).
The Performance-Vested Units will be “profits interest” and will have a Participation Level at least equal to the fair
market value of Eagle on the date of grant. The Performance-Vested Units will vest upon the consummation of a Sale Transaction
(as defined in the Operating Agreement) based on the achievement of a 3.5x
return to Eagle’s equity investors in such Sale Transaction,
subject to your continued employment through such Sale Transaction.

 

The Time-Vested Units and the Performance-Vested Units
will otherwise be subject to the terms and conditions of the Operating Agreement and a restricted unit agreement evidencing
such awards.

 

Severance Benefits

 

Although the Company expressly reserves the right to
terminate your employment at any time, with or without cause or advance notice and for any reason, if your employment with
the Company is terminated by the Company (other than for Cause (as defined below), or as a result of your death or permanent
disability) (a “Qualifying Termination”), the Company will (i) pay you the sum of (x) 50% of your base
annual salary as m effect at the time of such termination and (y) 50% of your target annual bonus for the fiscal year in
which such termination occurs (or, if no target annual bonus has been set for such fiscal year, your target annual bonus for
the fiscal year prior to the fiscal year in which such termination occurs), in equal installments during the six (6) month
period following the date of such termination, payable in accordance with the Company’s regular payroll practices
beginning with the first regular payroll date following your last date of employment (the “Cash
Severance”) and (ii) if the Time-Vested Units are expressly assumed in a Sale Transaction and the Qualifying
Termination occurs during the one (1) year period following the occurrence of such Sale Transaction, 50% of the then-unvested
outstanding Time-Vested Units granted to you shall immediately vest and become exercisable as of the date such Qualifying
Termination (collectively, the “Severance Benefits”).

 

    2 

     

    

 

 

 

Notwithstanding any provision herein to the contrary, the
payment or provision of the Severance Benefits shall be conditioned upon (A) your execution, delivery to the Company, and
non-revocation of a general release in favor of the Company and its affiliates (in a form satisfactory to the Company) within
twenty-one (21) days (or in the event of that such termination is “in connection with an exit incentive or other
employment termination program,” forty-five (45) days) following the date of termination and your non-revocation of
such release during applicable revocation period, and (B) your continued compliance with the terms of the Proprietary
Information Agreement (referenced below). If your date of termination and the last day of the applicable revocation period
could fall in two (2) separate taxable years, regardless of when you actually execute the release, the Cash Severance
payments will not commence until the later taxable year. Each installment described in this paragraph (and all other payments
to be made in installments as a result of this letter) shall be deemed to be a separate payment for purposes of Section 409A
of the Internal Revenue Code of 1986 as the same may be amended from time to time. The Severance Benefits are your sole and
exclusive remedy if your employment with the Company is terminated by the Company (other than for Cause, or by reason of your
death or permanent disability) and shall immediately cease should you fail to comply with the terms of the Proprietary
Information Agreement.

 

For purposes of this
letter, “Cause” means (i)
your material act or acts of personal dishonesty taken in connection with your responsibilities as an employee; (ii) your
gross negligence willful misconduct in respect of your performance of your duties to the Company, (iii) your engagement in
conduct that results, or could be reasonably expected to result, in material injury to the reputation or business of the
Company or any its affiliates (collectively, the “Company Group”);
(iv) your misappropriation of the assets or business opportunities of the Company or any other member of the Company Group;
(v) act or acts of embezzlement or fraud committed by you, or at your direction, or with your prior personal knowledge; (vi)
your conviction by a court of competent jurisdiction of, or pleading “guilty” or
 “no contest” to, (x) a felony or (y) any other criminal charge (other than minor traffic violations) that has, or
could be reasonably expected to have, a material adverse impact on the performance of your duties to the Company, or that
results, or could reasonably be expected to result, in a material injury to the reputation or business of the Company or any
other member of the Company Group; (vii) your habitual or repeated neglect of, or failure to perform, your duties to the
Company or any the Company Group; or (viii) your breach of any material provisions of this letter or the Propriety
Information Agreement or material breach of any of the Company Group’s written
code of conduct, code of ethics or any other material written policy or of a fiduciary duty responsibility to the Company
Group. Any Cause termination will be effective upon written notice; provided, however, that with respect to any Cause
termination relying on clauses (i), (ii), (iii) or (vii) above, if the event giving rise to Cause is subject to cure, the
Company will be required to provide fifteen (15) days’ advanced written notice
and such termination will not be effective if you have cured the Cause event within such fifteen (15) day notice period. If,
within ninety (90) days subsequent to your termination for any reason other than by the Company for Cause, the Board after
investigation determines that your employment could have been terminated for Cause, your employment will be deemed to have
been terminated for Cause for all purposes under this letter, and you will be required to disgorge the Company all amounts
received by you pursuant to this letter or otherwise on account of such termination that would not have been payable to you
had such termination been by the Company for Cause.

  

    3 

     

    

 

 

 

At-Will Employment

 

Your employment with the Company
will be voluntarily entered into and will be for no specified period, also known as “at-will”
employment. As a result, you will be free to resign at any time, for any reason or for no reason,
as you deem appropriate. We request that, in the event of resignation, you give the Company at least two (2) weeks’
notice. The Company will have a similar right and may terminate its employment relationship with
you at any time, with or without cause or advance notice. Upon any termination of your employment for any reason, except as may
otherwise be requested by the Company in writing and agreed upon in writing by you, you shall be deemed to have resigned from any
and all directorships, committee  memberships, and any other positions you hold with any member of the Company Group and will
execute all documents reasonably requested for you to confirm such resignations.

 

Taxes

 

The Company may withhold from any payments made to you
under this letter or otherwise all federal, state, city or other taxes, including but not limited to income, employment, and
social insurance taxes, as the Company is required to withhold pursuant to applicable law, regulation or ruling.
Notwithstanding any other provision of this letter, the Company shall not be obligated to guarantee any particular tax result
for you with respect to any payment provided to you hereunder, and you shall be responsible for any taxes imposed on you with
respect to any such payment.

 

Other

 

To indicate your acceptance
of the Company’s offer, please sign and date this letter in the space provided and
return it to me at the address listed below. A duplicate original is enclosed for your records. You will be required to sign the
Company’s current form of Proprietary Information Agreement as a condition of your
employment. This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the terms
of your employment with the Company and supersede any prior representations or agreements, whether written or oral. By signing
below, you hereby acknowledge and agree that your Change in Control Severance Agreement, dated October 9, 2014, by and between
you and E2Open, Inc., which was assumed by the Company (the “Change in Control
Agreement”), shall be deemed terminated and shall no longer be in effect and that you have no further rights under and
hereby waive any all rights that you may otherwise have had pursuant to, the Change in Control Agreement. You acknowledge and agree
that, as of the date hereof, you have, and will have, no claims, rights, causes of action, damages, grievances, liabilities or the
like against Company and its affiliates, or any of its or their respective present or former employees, officers, directors, managers,
members, or agents (collectively, the “Released Parties”) relating to the Change in Control Agreement (including without limitation the
termination of the Change in Control Agreement) (collectively, “Claims”), and irrevocably and unconditionally,
individually and on behalf of your assigns, heirs, and beneficiaries, release, acquit, and forever discharge the Released Parties
from, and covenant not to sue the Released Parties with respect to, any and all Claims (whether known or unknown) that you may
have.

 

    4 

     

    

 

 

 

This letter forms the complete and exclusive statement of your
employment with the Company and the compensation payable to you. It supersedes any other representations or promises made to you
by anyone, whether oral or written (including any prior commitment to grant you Stock options or other equity in Eagle, none of
which has been issued to you and, for the avoidance of doubt, you have no further rights under and hereby waive any all rights that
you may otherwise have had pursuant to such stock options or other equity in Eagle), and it may not be modified or amended except
by a written agreement signed by the Company and by you.

 

This Agreement will terminate if not accepted, signed and returned
by close of business on February 24, 2016 unless the Company expressly agrees otherwise in writing.

 

[Signature Page(s) Follow]

 

    5 

     

    

 

 

 

Again, I am excited about working together and making E2open,
LLC a major success for all employees and shareholders.

 

Sincerely,

 

Michael Farlekas

Chief Executive Officer

E2open, LLC

 

I have read, understand and accept the terms and conditions
of this employment offer:

 

	/s/ Peter Hantman	 
	Peter Hantman	 
	 	 
	Date:	2/24/16	 

 

[Signature Page to Hantman Employment
Letter]Exhibit 10.14

 

 

 

March 25, 2018

 

Mr. Jarett Janik

Driftwood, Texas 78619

Via email: jjanik@msn.com

 

Dear Jarett:

 

I am delighted that you are
interested in joining the talented team of people at E2open (the “Company”).

 

We are pleased to offer you regular, full-time employment in
the position of Chief Financial Officer reporting to Michael Farlekas, CEO.

 

Upon your acceptance of our offer of employment, your first
day of employment is expected to be on or about April 30, 2018.

 

Base Salary

You will receive an annual salary
of $280,000 paid semi-monthly in the amount of $11,666.67 per pay period. Your salary will be payable in accordance with the Company’s
standard payroll procedures (subject to required tax withholdings and other authorized deductions).

 

Annual Incentive Opportunity

You will be eligible to participate in the Executive incentive
Plan at an annual bonus target of $140,000. This Plan is based upon achievement of corporate financial goals as set by the CEO.
You will receive Plan details separately from Michael Farlekas upon hire.

 

Equity

We will recommend to the Board
of Directors subsequent to your date of hire that you be granted an option to purchase time-vested unit options at a price equal
to the fair market value per unit on the date of grant, as determined by the Company’s
Board of Directors. The final amount of options will be determined by the Board of Directors, and is expected to be equivalent
to 1,188,686 options. We will recommend that your options vest over four years as follows: 25% of the units shall vest at the end
of your first full year of employment and l/36th of the units shall vest at the end of each calendar month thereafter.

 

The amount of award is not negotiable. Final authority and approval
rests with the Board of Directors.

 

E2OPEN © 2018

CONFIDENTIAL

 

     

     

    

 

Employee Benefits

As a regular, full-time employee,
you will be entitled to participate in employee benefit plans established by the Company, which shall include medical, dental,
vision, life insurance and a 401(k) retirement savings plan with company match. With your position, you are eligible for unlimited
time off in accordance with the Company’s Executive Out of Office policy.

 

At Will Employment

Your employment with the Company
will be “at will,” meaning that either
you or the Company will be entitled to terminate your employment at any time and for any reason, with or without Cause. 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 written agreement signed by you and a duly authorized officer of the Company.

 

Employment Eligibility

This offer of employment is
contingent upon the successful completion of the Company’s background and reference
checks. 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. You will be required to sign the Company’s
current form of Proprietary Information Agreement as a condition of your employment.

 

Severance

Although the Company expressly
reserves the right to terminate your employment at any time, with or without cause or advance notice and for any reason, if your
employment with the Company is terminated by the Company (other than for Cause, or as a result of your death or permanent disability),
the Company will continue to pay you your base salary as in effect at the time of termination for the six (6) month period following
the date of such termination, payable in substantially equal installments in accordance with the Company’s
regular payroll practices beginning with the first regular payroll date following your last date of employment; provided, however,
in the event that any regular payroll date occurs prior to the effective date of the release of claims required in the next paragraph,
any amount that would otherwise have been payable under this paragraph shall be deferred and paid together with the regular salary
installment on the first regular payroll date following such effective date (the “Severance
Benefits”).

 

Notwithstanding any provision
herein to the contrary, the payment of the Severance Benefits shall be conditioned upon (A) your execution, delivery to the Company,
and non-revocation of a general release in favor of the Company and its affiliates (in a form satisfactory to the Company) within
twenty one (21) days (or in the event that such termination is “in connection with
an exit incentive or other employment termination program”), forty-five (45) days
following the date of termination and your non revocation of such release during the applicable revocation period, and (B) your
continued compliance with the terms of the Proprietary information Agreement (referenced below). If your date of termination and
the last day of the applicable revocation period could fall in two separate taxable years, regardless of when you actually execute
the release, payments will not commence until the later taxable year. Each installment described in this paragraph (and all other
payments to be made in installments as a result of this letter) shall be deemed to be a separate payment for purposes of Section
409A of the Internal Revenue Code of 1986, as the same may be amended from time to time. The Severance Benefits are your sole and
exclusive remedy if your employment with the Company is terminated by the Company (other than for Cause, or by reasons of your
death or disability) and shall immediately cease should you fail to comply with the terms of the Proprietary Information Agreement.

 

E2OPEN © 2018

CONFIDENTIAL

 

    2

     

    

 

For
purposes of this letter, “Cause” means
(i) your material act or acts of personal dishonesty taken in connection with your responsibilities as an employee; (ii) your
gross negligence or willful misconduct in respect of your performance of your duties to the Company, (iii) your engagement in
conduct that results, or could be reasonably expected to result, in material injury to the reputation or business of the
Company of any of its affiliates (collectively, the “Company
Group”), (iv) your misappropriation of the assets or business opportunities of
the Company of any other member of the Company Group; (v) act or acts of embezzlement or fraud committed by you, or at your
direction, or with your prior personal knowledge; (vi) your conviction by a court of competent jurisdiction of, or pleading “guilty” or “no
contest” to, (x) a felony, or (y) any other criminal charge (other than minor
traffic violations) that has, or could be reasonably expected to have, a material adverse impact on the performance of your
duties to the Company, or that results, or could reasonably be expected to result, in a material injury to the reputation or
business of the Company or any member of the Company Group; (vii) your habitual or repeated neglect of, or failure to
perform, your duties to the Company or any other member of the company Group; or
(viii) your breach of any material provisions of this letter or the Proprietary Information Agreement or material breach of
any of the Company Group’s written code of conduct, code of ethics or any other
material written policy or fiduciary duty or responsibility to the Company Group. Any Cause termination will be effective
upon written notice: provided, however, that with respect to any Cause termination relying on clauses (i), (ii), (iii) or
(vii) above, if the event giving rise to Cause is subject to cure, the Company will be required to provide fifteen (15)
days’ advance written notice and such termination will not be effective if you
have cured the Cause event within such fifteen (15) day notice period. If, within ninety (90) days subsequent to your
termination for any reason other than by the Company for Cause, the Board after investigation determines that your employment
could have been terminated for Cause, your employment will be deemed to have been terminated for Cause for all purposes under
this letter, and you will be required to disgorge to the company all amounts received by your pursuant to this letter or
otherwise on account of such termination that would not have been payable to you had such termination been by the Company for
Cause.

 

Other

To indicate your acceptance
of the Company’s offer, please sign and date this offer of employment in the space
provided below and return a copy of this letter to my attention. This offer of employment letter, along with any agreements relating
to proprietary rights between you and the Company, set forth the terms of your employment with the Company. By signing below you
represent and warrant to the Company that you are not subject to any employment or other restrictive agreement or any similar document
with any current or former employer or business with which you have been associated for which your employment by the Company and
the provision of services in the capacity contemplated in your position would be a breach, or under which you are required to assign
any invention, patent, copyright, or other work of authorship created, conceived, or first reduced to practice during any period
of time which extends through or beyond the date of this offer of employment.

 

This offer of employment is the full and complete offer by the
Company to you. Any contrary representations (whether written or oral) which may have been made to you are expressly cancelled
and superseded by this offer of employment.

 

E2OPEN © 2018

CONFIDENTIAL

 

    3

     

    

 

This offer of employment will terminate if not accepted, signed
and returned by close of business on March 25, 2018 unless the Company agrees to employ your services after such expiration date.

 

Jarett, I am excited about working together and making E2open
a major success for all employees.

 

Sincerely,

E2Open, LLC

 

	/s/ Deborah Smith	 
	Deborah Smith	 
	Sr. Vice President, Human Resources	 

 

	Acknowledged,
    Accepted and Agreed:
	 
	/s/ Jarett Janik	 	3-25-2018
	Jarett Janik	 	Date

 

E2OPEN © 2018

CONFIDENTIAL

 

    4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]