Document:

EX-10.6

 Exhibit 10.6 

** mCube Confidential ** 

November 14, 2012 
 Ben Alexander Lee 

Re:    mCube, Inc. Offer for Employment 

Dear Ben: 
 On behalf of the Board of Directors
(the “Board”) of Mcube, Inc., a Delaware corporation (the “Company”), I am very pleased to offer you employment as Chief Executive Officer of the Company. The terms of our offer to you are as follows: 

1.    Position. Beginning on January 7, 2013, you will commence full-time employment as the Chief
Executive Officer of the Company, working out of the Company’s offices in San Jose California, Hsinchu Taiwan, Shenzhen China, and Shanghai China, and traveling elsewhere as useful and necessary. As Chief Executive Officer, you will report
directly to the Company’s Board of Directors (the “Board”), and will have responsibility for the Company’s operations and strategic direction, as well as other tasks assigned to you by the Board. The Company will recommend
that you be elected to the Board as soon as practicable following your commencement of employment, and will recommend that you continue to serve on the Board so long as you remain Chief Executive Officer of the Company. 

2.    Compensation. 

Base Salary. As a full-time, regular, exempt employee, you will initially receive a salary of $295,000 annually (“Base Salary”), paid
in accordance with the Company’s regular payroll practices and subject to applicable withholdings. The Company reserves the right to change your compensation, hours, duties, and benefits as it deems necessary. 

Bonus. For 2013, as a full-time, regular, exempt employee you will be eligible for an annual target bonus of up to $147,500 (50% of Base Salary), based
on pro-ratable achievement of the 2013 financial goals as outlined in the Series C financial plan, and as established by the Company’s Board of Directors. Your bonus eligibility for years beyond 2013 will
be determined by the Board in accordance with the Company’s bonus plans and programs as then in effect. 

3.    Benefits. You will be eligible to participate in Company’s employee benefit plans of general
application as they may exist from time to time. You will receive such other benefits, including paid time off and holidays, as Company generally provides to its employees. The Company reserves the right to change or otherwise modify, in its sole
discretion, the benefits offered to employees to conform to the Company’s general policies as they may be changed from time to time. 

4.    Options. If you accept this offer of employment as a full-time, regular, exempt employee, the Company
will recommend to the Board that you be granted an option under the 

 
Company’s Equity Incentive Plan (the “Plan”) to purchase up to a to-be-determined amount of
shares of Common Stock of the Company, at the fair market value of the Company’s Common Stock, as determined by the Board on the date it approves such grant (the “Option”). Your total option grant will be equivalent to 5.0%
ownership of the Company on a fully-diluted post-$25M Series C financing basis and such total option grant will be provided to you in two installments. At the time you join the Company on January
7th, 2013, which is before Series C funding, you will be granted options equivalent to 5.0% ownership of the Company on a fully-diluted pre-$25M Series C
financing basis at the then fair market value. After you have successfully closed the $25M Series C financing, you will be granted additional options to bring your total ownership of the Company to 5.0% on the fully-diluted post-$25M Series C
financing basis at the then fair market value. The shares subject to the Option will vest over a five (5) year period for so long as you continue to be employed as Chief Executive Officer by the Company on the following schedule: one fifth
(1/5) of the shares will vest on the first anniversary of your commencement of employment with the Company, and an additional one sixtieth (1/60th) of the shares will vest monthly thereafter. Further details on the Plan and the Option will be
provided upon approval of such Option by the Board. 
 While your employment with the Company will be at-will, as
further described in Section 5 below, it is agreed that the Option will be subject to acceleration in vesting as follows: if (i) a “Deemed Liquidation Event” (as defined in the Company’s restated certificate of
incorporation, as amended from time to time) occurs during the term of your employment with the Company, and (ii) within twelve (12) months following such Deemed Liquidation Event, you are Involuntarily Terminated (as defined
below), then conditioned on your (a) signing and not revoking a release of claims in a form prescribed by the Company, (b) resigning from the Board (if applicable) on the date that your employment terminates, and (c) returning to the
Company all of its property and confidential information that is in your possession and/or control, 50% of the then unvested shares subject to the Option will immediately become vested. 

For this purpose, “Involuntarily Terminated” means your involuntary discharge by the Company for reasons other than “Cause” (as
defined below). For this purpose, “Cause” means (1) your unauthorized use or disclosure of the Company’s confidential information or trade secrets, which use or disclosure causes material harm to the Company, (2) your
material breach of any agreement between you and the Company, (3) your material failure to comply with the Company’s written policies or rules, (4) your commission of an act of fraud or misappropriation of property belonging to the
Company or its affiliates, or your conviction of, or your plea of “guilty” or “no contest” to, a felony under the laws of the United States or any State, (5) your gross negligence or willful misconduct in connection with the
performance of your duties, (6) your continuing failure to perform assigned duties after receiving written notification of the failure from the Company’s Board of Directors, (7) your bringing and/or use of confidential or proprietary
material from any former employer, or (8) your failure to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers or employees, if the Company has requested your cooperation. 

5.    Confidentiality. As an employee of the Company, you will have access to certain confidential
information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, you will need to sign, complete, return and
abide by the Company’s 

  
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standard “Employee Invention Assignment and Confidentiality Agreement” in the form attached hereto as Exhibit A (the “Invention Assignment and Confidentiality
Agreement”) as a condition of your employment. We wish to impress upon you that we do not want you to, and we hereby direct you not to, bring with you any confidential or proprietary material of any former employer or to violate any other
obligations you may have to any former employer. During the period that you render services to the Company, you agree not to (i) engage in any employment, business or activity that is in any way competitive with the business or proposed
business of the Company, or (ii) assist any other person or organization in competing with the Company or in preparing to engage in competition with the business or proposed business of the Company, or (iii) engage in any other activity
that takes advantage of any Company opportunity for your own self interest. You represent that your signing of this letter agreement and the Invention Assignment and Confidentiality Agreement and your commencement of employment with the Company will
not violate any agreement currently in place between yourself and current or past employers, or between yourself and any other parties. As an employee of the Company, you will be expected to abide by Company rules and regulations. 

6.    At-Will Employment. While we look forward to a long and
profitable relationship, should you decide to accept our offer, you will be an at-will employee of the Company, which means the employment relationship can be terminated by either of us for any reason, at any
time, with or without notice and with or without cause. Neither you nor the Company, will have any liability to the other party for terminating the relationship. Any statements or representations to the contrary (and, indeed, any statements
contradicting any provision in this letter) should be regarded by you as ineffective. Neither the vesting of any option described in this letter agreement (nor any other provision of this letter agreement or any other agreement between you and the
Company), nor your participation in any stock option, incentive bonus, or other benefit program in the future, is to be regarded as assuring you of continuing employment for any particular period of time. 

7.    Authorization to Work. Please note that because of employer regulations adopted in the Immigration
Reform and Control Act of 1986, within three (3) business days of starting your new position you will need to present documentation demonstrating that you have authorization to work in the United States, or your employment relationship with the
Company will be terminated. This requirement applies to U.S. citizens and non-U.S. citizens alike. 

8.    Arbitration. You and the Company shall submit to mandatory and exclusive binding arbitration of any
controversy or claim relating to or arising out of your employment relationship with the Company, or the termination of your employment with Company for any reason (including, but not limited to, any claims of breach of contract, wrongful
termination, or age, sex, race, national origin, disability or other discrimination or harassment), provided, however, that the parties retain their right to, and shall not be prohibited, limited or in any other way restricted from, seeking or
obtaining equitable relief from a court having jurisdiction over the parties. Such arbitration shall be governed by the Federal Arbitration Act and conducted through the American Arbitration Association in the State of California, Santa Clara
County, before a single neutral arbitrator, in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association in effect at that time. The parties may conduct only essential discovery prior to the
hearing, as defined by the arbitrator. The arbitrator shall issue a written decision that contains the essential findings and conclusions on which the decision is 

  
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based. You shall bear only those costs of arbitration you would otherwise bear had you brought a claim covered by this letter in court. Judgment upon the determination or award rendered by the
arbitrator may be entered in any court having jurisdiction thereof. 
 9.    Entire Agreement. This letter
agreement, together with the Invention Assignment and Confidentiality Agreement and Arbitration Agreement will form the complete and exclusive statement of your employment agreement with the Company. It supersedes any other agreements or promises
with respect to your employment made to you by anyone, whether oral or written, and it can only be modified in a written agreement signed by you and by another officer of the Company. 

10.    Acceptance. If you decide to accept our offer, and I hope you will please sign the enclosed copy of
this letter agreement in the space indicated and return it to me by email, or by fax (                    ) no later than 5:00 p.m. on
November 20, 2012. If you have not accepted our offer by that time, this offer will expire. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions of this letter agreement and the attached
documents, if any. We look forward to the opportunity to welcome you to the Company. 
  

	
	Very truly yours
	
	 /s/ Wen H. Hsieh

	Wen H. Hsieh, Chairman of the Board

 I have read and understood this offer letter and hereby acknowledge, accept and agree to the terms as set forth above
and further acknowledge that no other commitments were made to me as part of my employment offer except as specifically set forth herein. I agree that I 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 my employment nor will l engage in any other activities that conflict with my obligations to the Company. 

 

					
	 /s/ Ben Lee

Ben Alexander Lee
	 		 	 Nov. 18, 2012

Date signed

  
 4EX-10.7

 Exhibit 10.7 

September 9, 2021 
 Stephen Smith 

Delivered electronically 
 Dear Steve: 

I am very pleased to present this offer of employment with mCube, Inc. and to briefly describe the terms of your proposed employment: 

 

			
	Title:	 	Chief Financial Officer [CFO]
		
	Reporting to:	 	 Ben Lee
 CEO

		
	Start date:	 	Monday, October 4, 2021
		
	Initial Compensation:	 	$270,000.00 annually paid semi-monthly in accordance with the Company’s regular payroll practices and subject to applicable withholdings.
		
	Bonus Structure:	 	30% of base salary for on-target performance vs annual goals
		
	Employment type:	 	Regular, full-time, exempt
		
	Stock options:	 	We will recommend to the Board of Directors of the Company you be granted an option to purchase up to 800,000 shares of Common Stock of the Company under the Company’s 2019 Equity Incentive Plan (the “Plan”) at an
exercise price per share equal to the fair market value of the Company’s Common Stock, as determined by the Board of Directors on the date the Board approves such grant. The shares subject to such option will vest over a four (4) year
period for so long as you continue to be employed by the Company on the following schedule: one fourth (1/4) of the shares will vest at the end of your first anniversary with the Company, and an additional one forty-eighth (1/48th) of the shares
will vest monthly thereafter. However, the grant of such options by the Company is subject to the Board’s approval and this promise to recommend such approval is not a promise of compensation and is not intended to create any obligation on the
part of the Company. Further details on the Plan and any specific option grant to you will be provided upon approval of such grant by the Company’s Board of Directors.

 
			
	Change in Control:	 	 While your employment with the Company will be at-will, it is agreed that the Options will be subject
to acceleration in vesting a follows: if (i) a “Deemed Liquidation Event” (as defined in the Company’s restated certificate of incorporation as amended from
time-to-time) occurs during the term of your employment with the Company and (ii) within twelve (12) months following such Deemed Liquidation Event, you are
Involuntarily Terminated (as defined below), then condition on your (a) signing and not revoking a release of claims in a form prescribed by the Company, (b) resigning from the Board (if applicable) on the date that your employment
terminates, and (c) returning to the Company all of it property and confidential information that is in your possession and/or control, 50% of the then unvested shares subject to the Option will immediately become vested.

 
 For this purpose “Involuntarily Terminated” means your involuntary discharge
by the Company for reasons other than “Cause” (as defined below). For this purpose, “Cause” means (1) your unauthorized use or disclosure of the Company’s confidential information or trade secrets, which use or
disclosure cause material harm to the Company, (2) your material breach of any agreement between you and the Company, (3) your material failure to comply with the Company’s written policies or rules, (4) your commission of an act
of fraud or misappropriation of property belonging to the Company or it affiliates, or your conviction of, or your plea of “guilty” or “no contest” to, a felony under the laws of the United States or any State, (5) your
gross negligence or willful misconduct in connection with the performance of your duties, (6) your continuing failure to perform assigned duties after receiving written notification of the failure from the Company, (7) your bringing an/or
use of confidential or proprietary material from any former employer, or (8) your failure to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers or employees, if the Company has
requested your cooperation.”

		
	Vacation Accrual:	 	You will be eligible for paid vacation, accruing at the rate of 3.33 hours per pay period, with future increases dependent on years of employment.

  
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	Benefit:	 	 You will be eligible to participate in the Company’s employee benefits plans for Medical, Dental, and Vision effective the first day of
the month immediately following your start date. Currently mCube contribute 100% of the employee premium, including family where applicable.
  

You will be eligible to receive other benefits offered to the Company’s employees, such as paid time-off for
holidays.

 We look forward to a long and profitable relationship. Please note acceptance of this offer of employment with mCube
Inc. is on an “at-will” basis and is contingent on the execution of our At-Will Employment Agreement and our Invention Assignment and Confidentiality
Agreement, copies attached for review to be signed on your start date in the presence of an mCube representative. If you have any questions about these agreements, please obtain legal consultation.
“At-Will” means the employment relationship can be terminated by either of us for any reason at any time, with or without notice and with or without cause. Neither you, nor the Company, will have any
liability to the other party for terminating the relationship. Any statements or representations to the contrary (and indeed any statements contradicting any provision in this letter) should be regarded by you as ineffective. 

Further mCube reserves the right to change your compensation hours duties, benefits offered and/or benefits contribution as deemed necessary at its sole
discretion, and/or to conform to the Company’s general policies, as they may change from time to time. 
 This letter is not a contract. It is,
however, intended to confirm our mutual understanding regarding your initial terms of employment with mCube. By accepting this offer, you represent to mCube you are not a party to any agreement or understanding with past employers or other parties
that would impair your right to accept employment with the Company. Additionally, in accordance with the Immigration Reform and Control Act of 1986 you agree to present, within three (3) days of your start date, documentation demonstrating you
have authorization to work in the United States or your employment relationship with the Company may be terminated. This requirement applies to both U.S. citizens and non-U.S. citizens alike. Finally, you
agree to abide by mCube’s rules and regulation. 
 If you are in agreement with the terms detailed in this offer, please sign the enclosed copy in the
space provided and return a copy to the Company no later than 5:00 PM Pacific Time on Monday, September 20 2021. A soft copy is acceptable, with the hard copy original required no later than your start date. If we have not received your
acceptance by the specified deadline, this offer will expire. By your signature, you acknowledge you have read and understood the terms and conditions contained herein, and in any attachments hereto, and accept our offer of employment. 

Steve, we look forward to the opportunity to welcome you to our team and to help us to achieve Company goals. 

  
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 Very truly yours, 

On behalf of mCube loc. 
  

	
	 /s/ Ben Lee

	Ben Lee, CEO

  
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 Acceptance of Offer of Employment 

I have read and understood the terms and conditions in this offer letter and hereby acknowledge, accept and agree to the terms as set forth above and further
acknowledge no other commitments were made to me as part of my employment offer except as specifically set forth herein. I agree I 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 my employment nor will I engage in any other activities that conflict with my obligations to the Company. 

 

	
	 /s/ Stephen Smith

	Signature: Stephen Smith
	
	 9/20/21

	Date of Acceptance
	
	 Oct 4, 2021

	Indicate agreed start date

  
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