Document:

EX-10.13

 Exhibit 10.13 

 

			
	

	  	Randall C. Schatzman, Ph.D.
		  	Chief Executive Officer and Board Director
		  	Bolt Biotherapeutics

 March 16, 2020 
 Edith A.
Perez, M.D. 
 Dear Edith: 
 Bolt is pleased
to offer you a position with Bolt Biotherapeutics, Inc. (the “Company”). If you decide to join us, the terms of your employment will be as follows: 
  

			
	Title:	  	Chief Medical Officer
		
	Supervisor:	  	Chief Executive Officer
		
	Offer Expiration:	  	This offer expires seven on March 17, 2020
		
	Annual salary:	  	Four Hundred Thousand dollars ($400,000)
		
	Pay Frequency:	  	You will be paid semi-monthly in accordance with the Company’s normal payroll procedures.
		
	Target Bonus:	  	You will be eligible to receive an annual target bonus of thirty-five percent (35%) of your effective base salary on a calendar year basis (pro-rated for a partial year based upon your actual
start date with Bolt). The actual amount of your annual bonus will be comprised of two components: i) your individual performance; ii) the Company’s overall performance.
		
	Bonus terms:	  	You must be employed at the time of payment of any such bonus except in the event of termination without Cause or voluntary resignation for Good Reason.
		
	Sign-On Bonus:	  	The Company is pleased to provide you with a sign-on bonus of $175,000. This sum is subject to applicable taxes and will be included in the second paycheck following your start date. The sign-on bonus is contingent on you remaining in employment with the company for a minimum period of two (2) years from your start date, unless your employment is terminated at the company’s discretion or
you should voluntarily resign for Good Reason. Should you decide in the first two years of employment to leave the company, you will be required to repay the bonus according to the following schedule:
		
		  	 •   Before the first anniversary of your new hire date, 100% bonus
repayment

			
		  	 •   After one year (1) but before the second anniversary of your hire
date, 50% of the bonus will require repayment

		
	Travel Allowance	  	The Company will provide you with a travel allowance of $1,000 per month (less applicable taxes). The travel allowance will be added to your paycheck monthly for as long as you are an employee of the Company.
		
	Stock options:	  	Subject to board approval, the Company will grant you an option to purchase 1,575,000 shares of the Company’s Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant,
as determined by the Company’s Board of Directors. This grant will be presented to the Board for approval at the first meeting of the Company’s Board of Directors following your start date. This option grant shall be subject to the terms
and conditions of the Company’s 2015 Equity Incentive Plan and Stock Option Agreement, including vesting requirements. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to
continue vesting or employment.
		
	Severance	  	In the event of termination without cause or voluntary resignation for Good Reason, the Company will provide you with nine (9) months of salary to be paid in a lump sum, nine (9) months of COBRA reimbursement, and a pro-rated bonus.
		
	 Double Trigger Accelerated
 Vesting
	  	“Good Reason” is defined as: material breach of the terms and conditions of this offer letter, change in reporting line to anyone other than the Chief Executive Officer or in the absence of a CEO another acting head
official of the Company, material reduction of authority, duties, or responsibilities or change in title reflective of such reduction (meaning the assignment to the executive of any duties, the reduction of the executive’s duties or the removal
of the executive from his or her position and responsibilities, either of which results in a material diminution of executive’s authority, duties or responsibilities with the Company as in effect immediately prior to such change), provided that
a material reduction solely because Bolt is acquired by a larger entity (for example, if a CMO of Bolt remains CMO following a change in control but is not made the CMO of the acquiring corporation) will not constitute Good Reason, provided that in
the event the Company is acquired by a larger organization, executive’s level of duties and responsibilities with respect to the business of the Company which may be at a subsidiary level or divisional unit of a larger combined company, remains
substantially similar as prior to such acquisition. Material

			
		  	reduction (at least 5% or more) of your gross Annual Salary, unless pursuant to a salary reduction program applicable to the Company’s senior management team; or change in worksite of more than 50 miles (as applicable).
Executive’s resignation will not be deemed to be for Good Reason unless Executive has first provided the Company with written notice of the acts or omissions constituting the grounds for “Good Reason” within ninety (90) days of the
initial existence of the grounds for “Good Reason” and a reasonable cure period of not less than thirty (30) days following the date the Company receives such notice, and such condition has not been cured during such period.
		
	Vacation:	  	Four weeks accrued on an annual basis.

 As an employee, you will also be eligible to receive certain employee benefits. During the period of your
full-time employment by the Company, you shall be eligible for the Company’s basic employment benefits to the extent they are generally available to all Company employees, such as medical, dental and vision insurance, sick leave and holidays.
You shall also be eligible to participate in all incentive, savings and retirement plans, practices, policies and programs maintained or sponsored by the Company from time to time for the benefit of its employees. The Company may modify or cancel
benefits from time to time as it deems appropriate in its sole discretion. In addition, you will be entitled with respect to your acts or failures to act during your employment to liability insurance coverage on the same basis as other managers and
officers of the Company. 
 You should note that the Company may modify job titles, salaries, annual target bonus, benefits, reporting
relationships and other terms of employment from time to time as it deems necessary or useful (without waiver of executive’s right to claim such changes constitute a material breach of this offer letter and exercise Good Reason accordingly.)

 The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be
aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the
Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least three weeks prior written notice. 

The Company may undertake a background investigation, degree verification and reference checks in accordance with applicable law. This
investigation and reference check may include a consumer report, as defined by the Fair Credit Reporting Act (“FCRA”), 15 U.S.C. 1681a, and/or an investigative consumer report, as defined by FCRA, 15 U.S.C. 1681a, and California
Civil Code 1786.2(c). This investigation will not include information bearing on your credit worthiness. This job offer is contingent upon a clearance of such a background investigation and/or reference check and upon your written authorization to
obtain a consumer report and/or investigative consumer report. Refer to the attached Background Check Disclosure and Authorization for important disclosures and a written authorization form. 

 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. 

We also ask that, if you have not already done so, 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. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which
the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. However, the Company acknowledges that you are entitled to maintain
your working relationship with Mayo Clinic, and attend certain academic meetings and nonprofit activities as long as they do not pose a conflict of interest or interfere with carrying out your job responsibilities at Bolt, as specified on the
attached disclosure. Any other external activity would be directly discussed with the Bolt CEO prior to initiation or continuation. Similarly, you 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. 
 As a Company
employee, you will be expected to abide by the Company’s rules and standards. As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential
Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and
non-disclosure of Company proprietary information. 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 pay all the arbitration fees, except an amount equal to the filing fees you would have paid had
you filed a complaint in a court of law. Please note that we must receive your signed Agreement before your first day of employment. 
 To
accept the Company’s offer, please sign and date this letter in the space provided below. If you accept our offer, your first day of employment will be April 1, 2020 or as otherwise agreed. 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 including, but not limited to, any representations made during your
recruitment, interviews or pre-employment negotiations, whether written or oral. This offer of employment will terminate if it is not accepted, signed and returned by March 17, 2020. This letter,
including, but not limited to, it’s at-will employment provision, may not be modified or amended except by a written agreement signed by an officer of the Company and you. 

We look forward to your favorable reply and to working with you at Bolt Biotherapeutics, Inc. 

 Sincerely, 
  

	
	 /s/ Randall Schatzman

	Randall C. Schatzman, Ph.D.
	Chief Executive Officer

  

					
	Agreed to and accepted:
		
	Signature:	 	 /s/ Edith Perez

	Printed Name:	 		 	Edith A. Perez, M.D.
	Date:	 	             3/17/2020

 Enclosures 

Employment, Confidential Information, Invention Assignment and Arbitration 

Agreement 
 Notice to Employee /
Nonexempt Employees (California Labor Code section 2810.5) 
 available at:
http://www.dir.ca.gov/dlse/LC2810.5Notice.pdf 
 Background and Credit Check Disclosure and Authorization 

Summary of Rights Under Federal and California Law 

 SCHEDULE A 

Approved Activities List 
  

	I.	 Mayo Clinic travel days (flexible 2 per months) 

 

	II.	 IFODS academic meetings 

 

	III.	 Hem-Onc Reviews academic meetings 

 

	IV.	 Non-profit activities (Stand up to Cancer, Donna Foundation Emeritus
Board) 

 Bolt Biotherapeutics, Inc. 

Background Check Disclosure and Authorization 

I hereby authorize Bolt Biotherapeutics, Inc. (the “Company”) and/or any credit reporting agency or investigative consumer reporting
agency directed by the Company to obtain my “consumer report” as defined by the Fair Credit Reporting Act (“FCRA”), 15 U.S.C. § 1681a, and/or “investigative consumer report” as defined by the FCRA, 15 U.S.C. §
1681a, and California Civil Code § 1786.2(c). I understand that a consumer report and/or investigative consumer report may be used for employment purposes, and that such a report includes information gathered by a reporting agency as to my
character, general reputation, personal characteristics, or mode of living. I understand that this consumer report or investigative consumer report may include inquiries regarding my work history, court records, including criminal conviction record,
as permitted by law, driving record, and references obtained from neighbors, friends and personal and professional associates. I understand that this report may also include an investigation of whether I violated any employment law. 

I hereby authorize all previous employers, educational institutions, consumer reporting agencies and other persons or entities having
information about me to provide such information to the Company or such other entity that obtains information for the Company. I further fully release the Company, its employees, officers, directors, investors, agents, administrators, affiliates,
divisions and predecessors and successor corporations, and all other parties involved in conducting this background investigation, including but not limited to investigators, credit agencies and those companies or individuals who provide information
to the Company concerning me, from any liability whatsoever related to the process or results of the background investigation and waive any such claims. 

I understand that I may receive a free copy of any consumer report about me procured by the Company. 

I understand that I have the right, upon written request to the Company made within a reasonable period of time (not to exceed 30 days) after
receipt of this notice to receive a written disclosure of the nature and scope of any investigation. 
 If a consumer investigative report
is obtained and an adverse decision is made affecting my employment, the Company will provide to me, before making the adverse decision, a copy of the investigative consumer report and a description in writing of my rights under the Fair Credit
Reporting Act. 
 Pursuant to California Civil Code section 1786.22, I may view the file maintained on me by the consumer reporting agency
named above during normal business hours. I may also obtain a copy of this file upon submitting proper identification and paying the costs of duplication services, by appearing at the Consumer reporting agency in person, by mail, or by telephone.
The agency is required to have personnel available to explain my file to me and the agency must explain to me any coded information appearing in my file. If I appear in person, a person of my choice may accompany me, provided this person furnishes
proper identification. 

 I UNDERSTAND THAT THIS AUTHORIZATION IS NOT AN OFFER FOR EMPLOYMENT BY THE COMPANY OR A
CONTRACT FOR EMPLOYMENT WITH THE COMPANY. I FURTHER UNDERSTAND THAT IF OFFERED EMPLOYMENT THAT SUCH EMPLOYMENT SHALL BE AT-WILL AND THAT THIS AUTHORIZATION DOES NOT ALTER THE
AT-WILL NATURE OF MY EMPLOYMENT IN ANY MANNER WHATSOEVER. 
 I have received, read and understand
this disclosure regarding the Company’s procurement of consumer reports. I acknowledge that a fax or copy of this Disclosure and Authorization bearing my signature shall be as valid as the original. This Disclosure and Authorization is valid
for any consumer report or investigative consumer report requested at any time during the tenure of my potential employment. This release is valid for all federal, state, county and local agencies and authorities. I acknowledge that I have received
a copy of the Summary of Rights pursuant to the Fair Credit Reporting Act. 
  

					
	  
	 		 	  

	(Date)	 		 	(Applicant Signature)
			
	  
	 		 	  

	Social Security Number	 		 	(Print Name)

  

	☐	 By checking this box, I request to receive a copy of the investigative consumer report obtained by the Company.
This report will be provided to me without charge. 

 A Summary of Your Rights 

Under California and Federal Law 

The federal Fair Credit Reporting Act (FCRA) and its California counterpart are designed to promote accuracy, fairness, and privacy of
information in the files of every “consumer reporting agency” (CRA). There are many types of CRAs, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and
rental history records). The FCRA gives you specific rights, as outlined below. You may have additional rights under state law. The text of California’s Consumer Credit Reporting Agencies Act is located at California Civil Code §1785 et
seq., and the Investigative Consumer Reporting Agencies is located at California Civil Code §1786 et seq. You may contact a state or local consumer protection agency or a state attorney general to learn those rights. Here is a summary of your
major rights under the FCRA. For more information, including information about additional rights, go to www.ftc.gov/credit or write to: Consumer Response Center, Room 130-A, Federal Trade Commission,
600 Pennsylvania Avenue N.W., Washington, D.C. 20580. 
  

	 	•	 	 You must be told if information in your file has been used against you. Anyone who uses information from a CRA to
deny your application for credit, insurance, or employment – or to take another adverse action against you — must tell you, and give you the name, address, and phone number of the CRA that provided the information. 

 

	 	•	 	 You have the right to know what is in your file. You may request and obtain all the information about you in the
files of a consumer reporting agency (your “file disclosure”). You will be required to provide proper identification, which may include your Social Security number. In many cases, the disclosure will be free. You are entitled to a free
file disclosure if: 

  

	 	•	 	 A person has taken adverse action against you because of information in your credit report;

  

	 	•	 	 You are the victim of identity theft and place a fraud alert in your file; 

 

	 	•	 	 Your file contains inaccurate information as a result of fraud; 

 

	 	•	 	 You are on public assistance; 

 

	 	•	 	 You are unemployed but expect to apply for employment within 60 days. 

 

	 	•	 	 You have the right to ask for a credit score. Credit scores are numerical summaries of your credit-worthiness
based on information from credit bureaus. You may request a credit score from CRAs that create scores or distribute scores used in residential real property loans, but you will have to pay for it. In some mortgage transactions, you will receive
credit score information for free from the mortgage lender. 

  

	 	•	 	 You can dispute incomplete or inaccurate information with the CRA. If you identify information in your file that
is incomplete or inaccurate, and report it to the CRA, the CRA must investigate unless your dispute is frivolous. See www.ftc.gov/credit for an explanation of dispute procedures. 

 

	 	•	 	 CRAs must correct or delete inaccurate, incomplete or unverifiable information. Inaccurate, incomplete or
unverified information must be removed or corrected, usually within 30 days. However, a CRA may continue to report information it has verified as accurate. 

  

	 	•	 	 CRAs may not report outdated negative information. In most cases, a CRA may not report negative information that
is more than seven years old, or bankruptcies that are more than ten years old. 

  

	 	•	 	 Access to your file is limited. A CRA may provide information about you only to people with a need recognized by
the FCRA — usually to consider an application with a creditor, insurer, employer, landlord, or other business. The FCRA specifies those with a valid need for access. 

	 	•	 	 You must give your consent for reports to be provided to employers. A CRA may not give out information about you
to your employer, or a potential employer, without your written consent given to the employer. A CRA may not report medical information about you to creditors, insurers, or employers without your permission. Written consent generally is not required
in the trucking industry. For more information, go to www.ftc.gov/credit. 

  

	 	•	 	 You may limit “prescreened” offers of credit and insurance you get based on information in your credit
report. Unsolicited “prescreened” offers for credit and insurance must include a toll-free number you can call if you choose to remove your name and address from the lists these offers are based on. You may
opt-out with the nationwide credit bureaus at 1-888-5-OPTOUT (1-888567-8688). 

  

	 	•	 	 You may seek damages from violators. If a CRA, a user or (in some cases) a user of consumer reports or a
furnisher of information to a consumer reporting agency, violates the FCRA, you may be able to sue in state or federal court. 

  

	 	•	 	 Identity theft victims and active duty military personnel have additional rights. For more information visit
www.ftc.gov/credit. 

 The FCRA gives several different federal agencies authority to enforce the FCRA: 

 

			
	 TYPE OF BUSINESS:
	  	 CONTACT:

	CRAs, creditors and others not listed below	  	 Federal Trade Commission: Consumer Response Center - FCRA

Washington, DC 20580
                         
     1-877-382-4357 (Toll-Free)

		
	 National banks, federal branches/agencies of foreign banks

(word “National” or initials “N.A.” appear in or after bank’s

name)
	  	 Office of the Comptroller of the Currency

Compliance Management, Mail Stop 6-6

Washington, DC 20219
                              
    800-613-6743

		
	 Federal Reserve System member banks (except national

banks, and federal branches/agencies of foreign banks)
	  	 Federal Reserve Board: Division of Consumer & Community Affairs

Washington, DC 20551
                              
    202-452-3693

		
	 Savings associations and federally chartered savings banks

(word “Federal” or initials “F.S.B.” appear in federal

institution’s name)
	  	 Office of Thrift Supervision: Consumer Complaints

Washington, DC 20552
                              
    800-842-6929

		
	 Federal credit unions (words “Federal Credit Union” appear in

institution’s name)
	  	 National Credit Union Administration
 1775 Duke
Street, Alexandria, VA 22314         703-519-4600

		
	 State-chartered banks that are not members of the Federal

Reserve System
	  	 Federal Deposit Insurance Corporation
 Consumer
Response Center, 2345 Grand Avenue, Suite 100
 Kansas City, MO 64108-2638
                            
877-275-3342

		
	 Air, surface, or rail common carriers regulated by former Civil

Aeronautics Board or Interstate Commerce Commission
	  	 Department of Transportation, Office of Financial Management

Washington, DC 20590
                              
        202-366-1306

		
	Activities subject to the Packers and Stockyards Act, 1921	  	 Department of Agriculture: Office of Deputy Administrator - GIPSA

Washington, DC 20250
                              
        202-720-7051EX-10.14

 Exhibit 10.14 

BOLT BIOTHERAPEUTICS, INC. 

October 26, 2016 
 Grant Yonehiro

 Dear Grant, 
 I am pleased to offer you a
position with Bolt Biotherapeutics, Inc. (the “Company”), as its Chief Business Officer. If you decide to join us, you will receive a yearly salary of $250,000.00, which will be paid semi-monthly in accordance with the
Company’s normal payroll procedures. In addition, you will be eligible to receive an annual target bonus of up to 35% of your then-effective annual base salary, subject to your satisfaction of the Milestones (as defined below) and your being
employed both as of December 31 of the applicable year and at the time of payment of any such bonus. As an employee, you will also be eligible to receive certain employee benefits. You should note that the Company may modify job titles,
salaries and benefits from time to time as it deems necessary. “Milestones” means certain annual performance milestones or objectives as agreed by and between you and the Company on an annual basis. 

In addition, if you decide to join the Company, it will be recommended at the first meeting of the Company’s Board of Directors following
your start date that the Company grant you an option to purchase 450,000 shares of the Company’s Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the
Company’s Board of Directors. 25% of the shares subject to the option shall vest 12 months after the date your vesting begins subject to your continuing employment with the Company, and no shares shall vest before such date. The remaining
shares shall vest monthly over the next 36 months in equal monthly amounts subject to your continuing employment with the Company. This option grant shall be subject to the terms and conditions of the Company’s 2015 Equity Incentive Plan and
Stock Option Agreement, including vesting requirements. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right to continue vesting or employment. 

The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be aware
that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is
free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice. 

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. 

We also ask that, if you have not already done so, 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. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment , occupation, consulting or other business activity directly related 

 
to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the
Company. Similarly, you 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. 

As a Company employee, you will be expected to abide by the Company’s rules and standards. As a condition of your employment, you are
also required to sign and comply with an At-Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to
any invention made during your employment at the Company, and non-disclosure of Company proprietary information. 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 pay all the arbitration
fees, except an amount equal to the filing fees you would have paid had you filed a complaint in a court of law. Please note that we must receive your signed Agreement before your first day of employment. 

To accept the Company’s offer, please sign and date this letter in the space provided below. A duplicate original is enclosed for your
records. If you accept our offer, your first day of employment will be November 1, 2016, or another mutually agreed upon date. 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 including, but not limited to, 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 President of the
Company and you. This offer of employment will terminate if it is not accepted , signed and returned by October 31, 2016 We look forward to your favorable reply and to working with you at Bolt Biotherapeutics, Inc. 

 

	
	Sincerely
	
	 /s/ Reiner Laus

	Reiner Laus, MD
	President and Chief Executive Officer

 Agreed to and accepted 
  

			
	Signature:	 	 /s/ Grant Yonehiro

			
	Printed Name:	 	Grant Yonehiro

			
		
	Date:	 	27 Oct 2016

 Enclosures 
 Employment,
Confidential Information, Invention Assignment and Arbitration Agreement 

  
 2 

 BOLT BIOTHERAPEUTICS, INC. 

AT-WILL EMPLOYMENT, CONFIDENTIAL INFORMATION, INVENTION ASSIGNMENT, 

AND ARBITRATION AGREEMENT 

As a condition of my employment with Bolt Biotherapeutics, Inc. (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 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.	 CONFIDENTIALITY 

A.    Definition of Company Confidential Information. I understand that “Company Confidential
Information” means information (including any and all combinations of individual items of information ) that the Company has or will develop, acquire, create, compile, discover or own, that has value in or to the Company’s business
which is not generally known and which the Company wishes to maintain as confidential. Company Confidential Information includes both information disclosed by the Company to me, and information developed or learned by me during the course of my
employment with the Company. Company Confidential Information also includes all information of which the unauthorized disclosure could be detrimental to the interests of the Company, whether or not such information is identified as Company
Confidential Information. By example, and without limitation, Company Confidential Information includes any and all non-public information that relates to the actual or anticipated business and/or products,
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, discoveries, ideas, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, and other business information disclosed by the Company either directly or
indirectly in writing, orally or by drawings or inspection of premises, parts, equipment, or other Company property. Notwithstanding the foregoing, Company Confidential Information shall not include any such information which I can establish
(i) was publicly known or made generally available prior to the time of disclosure by the Company to me; (ii) becomes publicly known or made generally available after disclosure by the Company to me through no wrongful action or omission
by me; or (iii) is in my rightful possession, without confidentiality obligations, at the time of disclosure by the Company as shown by my then-contemporaneous written records; provided that any combination of individual items of information
shall not be deemed to be within any of the foregoing exceptions merely because one or more of the individual items are within such exception, unless the combination as a whole is within such exception. 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.    Nonuse and Nondisclosure. I agree that during and after my
employment with the Company, I will hold in the strictest confidence and take all reasonable precautions to prevent any unauthorized use or disclosure of Company Confidential Information. I will not (i) use Company Confidential Information for
any purpose whatsoever other than for the benefit of the Company in the course of my employment, or (ii) disclose Company Confidential Information to any third party without the prior written authorization of the President, CEO, or the Board of
Directors of the Company. Prior to disclosure, when compelled by applicable law, I shall provide prior written notice to the President, CEO, and General Counsel of the Company (as applicable). I agree that I obtain no title to any Company
Confidential Information, and that as between Company and myself, the Company retains all Confidential Information as the sole property of the Company. 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 my obligations under this Section 2.B shall continue after termination of my
employment and also that nothing in this Agreement prevents me from engaging in Protected Activity, as described below. 

C.    Former Employer Confidential 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 employer or other person or entity with which I have an obligation to keep such proprietary information or trade secrets in confidence.
I further agree that I will not bring onto the Company’ s premises or transfer onto the Company’s technology syst ems any unpublished document, proprietary information, or trade secrets belonging to any such third party unless disclosure
to, and use by, the Company has been consented to, in writing, by such third party and the Company. 
 D.    Third
Party Information. I recognize that the Company has received, and in the future may receive, from third parties (for example, customers, suppliers, licensors, licensees, partners, and collaborators) as well as its subsidiaries and affiliates
(“Associated Third Parties”), information which the Company is required to maintain and treat as confidential or proprietary information of such Associated Third Parties (“Associated Third Party Confidential
Information”), and I agree to use such Associated Third Party Confidential Information only as directed by the Company and to not use or disclose such Associated Third Party Confidential Information in a manner that would violate the
Company’s obligations to such Associated Third Parties. 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, that I owe the Company and its
Associated Third Parties a duty to hold all such Associated Third Party Confidential Information in the strictest confidence, and not to use it or to disclose it to any person, firm, corporation, or other third party 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.	 OWNERSHIP 

A.    Assignment of Inventions. As between the Company and myself, I agree that all right, title, and interest in
and to any and all copyrightable material, notes, records, drawings, designs, logos, inventions, improvements, developments, discoveries, ideas and trade secrets conceived, discovered, authored, invented, developed or reduced to practice by me,
solely or in collaboration with others, during the period of time I am in the employ of the Company (including during my off-duty hours), or with the 

  
 2 

 
use of Company’ s equipment, supplies, facilities, or Company Confidential Information, and any copyrights, patents, trade secrets, mask work rights or other intellectual property rights
relating to the foregoing, except as provided in Section 3.G below (collectively, “Inventions”), are the sole property of the Company. I also agree to promptly make full written disclosure to the Company of
any Inventions, and to deliver and assign and hereby irrevocably assign fully to the Company all of my right, title and interest in and to Inventions. I agree that this assignment includes a present conveyance to the Company of ownership of
Inventions that are not yet in existence. 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. 

B.    Pre-Existing Materials. I will inform the Company, in writing, before
incorporating any inventions, discoveries, ideas, original works of authorship, developments, improvements, trade secrets and other proprietary information or intellectual property rights owned by me or in which I have an interest prior to, or
separate from, my employment with the Company, including, without limitation, any such inventions that are subject to California Labor Code Section 2870 (attached hereto as Exhibit B) (“Prior Inventions”) into any
Invention or otherwise utilizing any Prior Invention in the course of my employment with the Company; and the Company is hereby granted a nonexclusive, royalty-free, perpetual, irrevocable, transferable worldwide license (with the right to grant and
authorize sublicenses) to make, have made, use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative works of, display , perform, and otherwise exploit such incorporated or utilized Prior Inventions, without
restriction, including, without limitation, as part of, or in connection with, such Invention, and to practice any method related thereto. I will not incorporate any inventions, discoveries, ideas, original works of authorship, developments,
improvements, trade secrets and other proprietary information or intellectual property rights owned by any third party into any Invention without the Company’s prior written permission. I have attached hereto as Exhibit A a list
describing all Prior Inventions that relate to the Company’s proposed business, products, or research and development 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. 

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 limitation on subsequent modification, to
the extent permitted under applicable law. 
 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. As between the Company and myself, 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 in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, 

  
 3 

 
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 deliver, assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive rights, title, and interest in and to all Inventions , and testifying in a suit or other
proceeding relating to such Inventions. I further agree that my obligations under this Section 3.E shall continue after the termination of this Agreement. 

F.    Attorney-in-Fact. l agree
that, if the Company is unable because of my unavailability, mental or physical incapacity, or for any other reason to secure my signature with respect to any Inventions, including, without limitation, for the purpose of applying for or pursuing any
application for any United States or foreign patents or mask work or copyright registrations covering the Inventio ns assigned to the Company in Section 3.A, 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 on my behalf to execute and file any papers and oaths, and to do all other
lawfully permitted acts with respect to such Inventions to further the prosecution and issuance of patents, copyright and mask work registrations with the same legal force and effect as if executed by me. This power of attorney shall be deemed
coupled with an interest, and shall be irrevocable. 
 G.    Exception to Assignments. I UNDERSTAND THAT THE
PROVISIONS OF THIS AGREEMENT REQUIRING ASSIGNMENT OF INVENTIONS (AS DEFINED UNDER SECTION 3.A ABOVE) 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 OTHER WISE DISCLOSED ON EXHIBIT A TO PERMIT A DETERMINATION OF OWNERSHIP
BY THE COMPANY. ANY SUCH DISCLOSURE WILL BE RECEIVED IN CONFIDENCE. 
  

	 	4.	 CONFLICTING OBLIGATIONS 

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 and warrant that I have no other agreements, relationships, or commitments to any other person or entity that conflict with the provisions of this Agreement, my obligations to the Company under this
Agreement, or my ability to become employ ed 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 (and/or other third parties I have performed services for in accordance with the terms of my applicable agreement). 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 with a third party 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. 

  
 4 

	 	5.	 RETURN OF COMPANY
MATERIALS 

 A.    Definition of Electronic Media Equipment
and Electronic Media Systems. I understand that “Electronic Media Equipment” includes, but is not limited to, computers, external storage devices, thumb drives, mobile devices (including, but not limited to, smart phones,
tablets, and e-readers), telephone equipment, and other electronic media devices. I understand that “Electronic Media Systems” includes, but is not limited to, computer servers, messaging and
email systems or accounts, applications for computers or mobile devices, and web-based services (including cloud-based information storage accounts). 

B.    Return of Company Property. I understand that anything that I created or worked on for the Company while
working for the Company belongs solely to the Company and that I cannot remove, retain, or use such information without the Company’s express written permission. Accordingly, upon separation from employment with the Company or upon the
Company’s request at any other time, 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, all Company equipment including all Company Electronic Media Equipment, all tangible embodiments of the Inventions, all electronically stored information and passwords to access such
property, 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 of the foregoing items including, without limitation, those records maintained pursuant to Section 3.D. Notwithstanding the foregoing, I understand that I am allowed to keep a copy of the Employee Handbook and personnel
records relating to my employment. 
 C.    Return of Company Information on Company Electronic Media Equipment.
In connection with my obligation to return information to the Company, I agree that I will not copy, delete, or alter any information, including personal information voluntarily created or stored, contained in Company Electronic Media Equipment
before I return the information to the Company. 
 D.    Return of Company Information on Personal Electronic Media
Equipment. In addition, if I have used any personal Electronic Media Equipment or personal Electronic Media Systems to create, receive, store, review, prepare or transmit any Company information, including, but not limited to, Company
Confidential Information, I agree to make a prompt and reasonable search for such information in good faith, including reviewing any personal Electronic Media Equipment or personal Electronic Media Systems to locate such information and, if I locate
such information, I agree to notify the Company of that fact and then provide the Company with a computer-useable copy of all such Company information from those equipment and systems. I agree to cooperate reasonably with the Company to verify that
the necessary copying is completed (including upon request providing a sworn declaration confirming the return of property and deletion of information), and, upon confirmation of compliance by the Company, I agree to delete and expunge all Company
information. 
 E.    No Expectation of Privacy in Company Property. I understand that I have no expectation of
privacy in Company property, and I agree that any Company property is subject to inspection by Company personnel at any time with or without further notice. As to any personal Electronic Media Equipment or personal Electronic Systems that I have
used for Company purposes, I agree that the Company, at its sole discretion, may have reasonable access, as determined by the Company in good faith, to such personal Electronic Media Equipment or personal Electronic Media Systems to review,
retrieve, 

  
 5 

 
destroy, or ensure the permanent deletion of Company information from such equipment or systems or to take such other actions necessary to protect the Company or Company property, as determined
by the Company reasonably and in good faith. I also consent to an exit interview and an audit to confirm my compliance with this Section 5, and I will certify in writing that I have complied with the requirements of 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. 
  

	 	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. 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. 
  

	 	8.	 SOLICITATION OF EMPLOYEES

 To the fullest extent permitted under applicable law, I agree that during my employment, and 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 will not directly or indirectly solicit any of the Company’s employees to
leave their employment at the Company. 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 2. 
  

	 	9.	 CONFLICT OF INTEREST
GUIDELINES 

 I agree to diligently adhere to all policies of the Company, including
the Company’s insider 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 Guide lines may be revised from time to time during my employment. 
  

	 	10.	 REPRESENTATIONS 

Without limiting my obligations under Section 3.E above, I agree to execute any proper oath or
verify any proper document required to carry out the terms of this Agreement. I represent and warrant 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. 1 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 Company Electronic Media Equipment or Company Electronic Media System.
All information, data, and messages created, received, sent, or stored in Company Electronic Media Equipment or Company Electronic Media Systems are, at all times, the property 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 

  
 6 

 
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. In addition, as to any
personal Electronic Media Equipment or personal Electronic Systems or other personal property that I have used for Company purposes, I agree that the Company may have reasonable access to such personal Electronic Media Equipment or personal
Electronic Media Systems or other personal property to review, retrieve, destroy, or ensure the permanent deletion of Company information from such equipment or systems or property or take such other actions that are needed to protect the Company or
Company property, as determined by the Company reasonably and in good faith. 
 I am aware that the Company has or may acquire software and
systems that are capable of monitoring and recording all Company network traffic to and from any Company Electronic Media Equipment or Company Electronic Media Systems. The Company reserves the right to access, review, copy, and delete any of the
information, data, or messages accessed through Company Electronic Media Equipment or Electronic Media Systems, with or without notice to me and/or in my absence. This includes, but is not limited to, all
e-mail messages sent or received, all website visits, all chat sessions, all news group activity (including groups visited, messages read, and postings by me), and all file transfers into and out of the
Company’s internal networks. The Company further reserves the right to retrieve previously deleted messages from e-mail or voicemail and monitor usage of the Internet, including websites visited and any
information I have downloaded. In addition, the Company may review Internet and technology systems activity and analyze usage patterns, and may choose to publicize this data to assure that technology systems are devoted to legitimate business
purposes. 
  

	 	12.	 ARBITRATION AND EQUITABLE
RELIEF 

 A.    Arbitration. IN CONSIDERATION OF MY
EMPLOYMENT WITH THE COMPANY, ITS PROMISE TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES WITH ME, 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 THAT I MAY HAVE WITH ANYONE (INCLUDING THE COMPANY AND ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER, OR BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), ARISING OUT OF, RELATING TO, OR
RESULTING FROM MY EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY OR THE TERMINATION OF MY EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY, INCLUDING ANY BREACH OF THIS AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE FEDERAL ARBITRATION ACT AND
PURSUANT TO THE ARBITRATION PROVISIONS SET FORTH IN CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 1280 THROUGH 1294.2 (THE “CCP ACT”) AND CALIFORNIA LAW. I UNDERSTAND THAT I MAY BRING A PROCEEDING AS A PRIVATE ATTORNEY GENERAL, AS
PERMITTED BY LAW. THE FEDERAL ARBITRATION ACT GOVERNS THIS AGREEMENT AND SHALL CONTINUE TO APPLY WITH FULL FORCE AND EFFECT, NOTWITHSTANDING THE APPLICATION OF PROCEDURAL RULES SET FORTH IN THE CCP ACT AND CALIFORNIA LAW. I AGREE TO ARBITRATE ANY
AND ALL COMMON LAW AND/OR 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,  

  
 7 

 
THE OLDER WORKERS BENEFIT PROTECTION ACT, THE SARBANES-OXLEY ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND
HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, THE CALIFORNIA FAMILY RIGHTS ACT, THE CALIFORNIA LABOR CODE, CLAIMS RELATING TO EMPLOYMENT STATUS, CLASSIFICATION AND RELATIONSHIP WITH THE COMPANY, AND CLAIMS OF HARASSMENT, DISCRIMINATION, WRONGFUL
TERMINATION, AND BREACH OF CONTRACT, EXCEPT AS PROHIBITED BYLAW. I ALSO AGREE TO ARBITRATE ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO THE INTERPRETATION OR APPLICATION OF THIS AGREEMENT TO ARBITRATE, BUT NOT DISPUTES ABOUT THE
ENFORCEABILITY, REVOCABILITY OR VALIDITY OF THIS AGREEMENT TO ARBITRATE OR ANY PORTION HEREOF. WITH RESPECT TO ALL SUCH CLAIMS A D DISPUTES THAT I AGREE TO ARBITRATE, I HEREBY EXPRESSLY AGREE TO WAIVE, AND DO WAIVE, ANY RIGHT TO A TRIAL BY JURY.
I FURTHER UNDERSTAND THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTE S 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”), WHICH ARE AVAILABLE AT http://www.jamsadr.com/rules -employment-arbitration/ AND FROM HUMAN
RESOURCES. I AGREE THAT THE ARBITRATOR SHALL HAVE THE POWER TO DECIDE AN Y MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR ADJUDICATION , AND MOTIONS TO DISMISS AND DEMURRERS, APPL YING THE STANDARDS
SET FORTH UNDER THE CALIFORNIA CODE OF CIVIL PROCEDURE. I AGREE THAT THE ARBITRATOR SHALL ISSUE A WRITTEN DECISION ON THE MERI S. I ALSO AGREE THAT THE ARBITRATOR SHALL HAVE THE POWER TO A WA RD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT
THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, WHERE PROVIDED BY APPLICABLE LAW. I AGREE THAT THE DECREE OR AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED AS A FINAL AND BINDING JUDGMENT IN ANY COURT HAYING
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 J FILED A COMPLAINT IN A COURT OF LAW. I AGREE THAT THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH CALIFORNIA LA W, INCLUDING THE CALIFORNIA CODE OF CIVIL PROCEDURE AND THE
CALIFORNIA EVIDENCE CODE, 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 LA W, CALIFORNIA LAW SHALL TAKE PRECEDENCE. I AGREE THAT ANY ARBITRATION UNDER THIS AGREEMENT
SHALL BE CONDUCTED IN SANTA CLARA COUNT Y, CALIFORNIA. 
 C.    Remedy. EXCEPT AS PROVIDED BY THE CCP 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 CCP ACT AND THIS AGREEMENT, NEITHER I NOR THE COMPANY WILL BE PERMITTED TO PURSUE OR
PARTICIPATE IN A COURT ACTION REGARDING CLAIMS THAT ARE SUBJECT TO ARBITRATION . 

  
 8 

 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 A COURT ACTION REGARDING ANY SUCH
CLAIM, EXCEPT AS PERMITTED BYLAW. 
 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 J AM WAIVING MY RIGHT TOA 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.	 MISCELLANEOUS 

A.    Governing Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of
California without regard to California’s conflicts-of-law rules 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.    Assignability. 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. The Associated Third Parties are intended third-party beneficiaries to this Agreement with respect to my obligations in
Section 2.D. Notwithstanding anything to the contrary herein, the Company may assign this Agreement and its rights and obligations under this Agreement to any successor to all, or substantially all, of the Company’s
relevant assets, whether by merger, consolidation, reorganization, reincorporation, sale of assets or stock, or otherwise. 

C.    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 with respect to the subject matter herein and supersedes all prior written
and oral agreements, discussions, or representations between us, including, but not limited to, any representations made during my interview(s) or relocation negotiations. I represent and warrant that I am not relying on any statement or
representation not contained in this Agreement. Any subsequent change or changes in my duties, salary, compensation, conditions or any other terms of my employment will not affect the validity or scope of this Agreement. 

D.    Headings. Headings are used in this Agreement for reference only and shall not be considered when
interpreting this Agreement. 
 E.    Severability. If a court or other body of competent jurisdiction finds, or
the Parties mutually believe, any provision of this Agreement, or portion thereof, to be invalid or unenforceable, such provision will be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the remainder of this
Agreement will continue in full force and effect. 

  
 9 

 F.    Modification, Waiver. No modification of or amendment to
this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in a writing signed by the President or CEO of the Company and me. 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. 
 G.    Survivorship. The rights and obligations of the Parties to
this Agreement will survive termination of my employment with the Company. 
  

	 	14.	 PROTECTED ACTIVITY NOT
PROHIBITED 

 I understand that nothing in this Agreement shall in any way limit or
prohibit me from engaging in any Protected Activity. For purposes of this Agreement, “Protected Activity” means filing a charge or complaint with , or otherwise communicating or cooperating with or participating in any investigation
or proceeding that may be conducted by any federal, state or local government agency or commission, including the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and
the National Labor Relations Board (“Government Agencies”). I understand that in connection with such Protected Activity, I am permitted to disclose documents or other information as permitted by law, and without giving notice to,
or receiving authorization from, the Company. Notwithstanding, in making any such disclosures or communications, I agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company
Confidential Information to any parties other than the Government Agencies. I further understand that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications. In addition, I
hereby acknowledge that the Company has provided me with notice in compliance with the Defend Trade Secrets Act of 2016 regarding immunity from liability for limited disclosures of trade secrets. The full text of the notice is attached in Exhibit
B. 
  

							
	Date: 27 Oct 2016	 		 		 	 /s/ Grant Yonehiro

		 		 		 	Signature
				
		 		 		 	 Grant Yonehiro

		 		 		 	Name of Employee (typed or printed)

  
 10 

 EXHIBIT A 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 
  

					
	 Title
	  	 Date
	  	 Identifying Number or Brief

Description

 I am an
inventor for Berkeley Lights patent applications and GenVec patent applications (if not abandoned) which are unlikely to be relevant to Bolt’s business. 

__ no inventions or improvements 
 __ Additional Sheets Attached

  

							
	Date: 27 Oct 2016	 		 		 	 /s/ Grant Yonehiro

		 		 		 	Signature
				
		 		 		 	 Grant Yonehiro

		 		 		 	Name of Employee (typed or printed)

 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 inventio n 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.” 

SECTION 7 OF THE DEFEND TRADE SECRETS ACT OF 2016 

“ ... An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a
trade secret that-( A) is made-(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or
(B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. . . . An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may
disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual-(A) files any document containing the trade secret under seal ; and (B) does not disclose the trade
secret, except pursuant to court order.” 

 EXHIBIT C 

BOLT BIOTHERAPEUTICS, 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 Bolt Biotherapeutics, Inc. (the
“Company”). Notwithstanding the foregoing, I understand that I may keep a copy of the Employee Handbook and personnel records relating to me. 

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 (the “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 understand that pursuant to the Agreement, and subject to its Protected
Activity exclusion, I am obligated to 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 acknowledge that under the Agreement, for twelve (12) months from this date, I may not directly or indirectly solicit any of the
Company’ s employees to leave their employment at the Company. I understand that nothing in this paragraph affects my continuing obligations under the Agreement during and after this twelve (12 ) month period, including, without limitation, my
obligations under Section 2 (Confidentiality) thereof. 
 After leaving the Company’s employment, I will be
employed by
                                         
                                         
                                         
  

                          
                                       in the position
of.
                                         
                                         
                                         
                        

                          
                                         
                                         
                                         
                                         
                           
  

			
	Date:                     	  	  

		
		  	  

		  	Name of Employee (typed or printed)
		
	Address for Notifications:	  	  

		
		  	  

 EXHIBIT D 

BOLT BIOTHERAPEUTICS, INC. CONFLICT OF INTEREST GUIDELINES 

It is the policy of Bolt Biotherapeutics, 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 action s 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 other 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. 

 Nothing in these guidelines is intended to limit employees’ rights to discuss the
terms, wages, and working conditions of their employment, as protected by applicable law. Also, nothing in these guidelines is intended to limit or prohibit employees from engaging in any Protected Activity. “Protected Activity” means
filing a charge or complaint or complaint with, or otherwise communicating or cooperating with or participating in any investigation or proceeding that may be conducted by any federal, state or local government agency or commission, including the
Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (“Government Agencies”). In connection with such Protected Activity,
employees are permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company. Notwithstanding, in making any such disclosures or communications, employees must
take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company Confidential Information to any parties other than the Government Agencies. “Protected Activity” does not include
the disclosure of any Company attorney-client privileged communications. 

  
 15

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