Document:

EX-10.25

 Exhibit 10.25 

OFFER LETTER 
 Hippo
Analytics Inc. 
 Assaf Wand 
  

	 	Re:	 Employment Agreement 

Dear Assaf 
 Hippo Analytics Inc. (the
“Company”), is pleased to offer you employment in the position of CEO. This letter sets out the terms of your employment with the Company, which will start on January 1st, 2016. 

You will be paid a starting base salary of US$150,000 per year, paid monthly, less applicable tax and other withholdings. This position is an
exempt position, which means you are paid for the job and not by the hour. Accordingly, you will not receive overtime pay if you work more than 8 hours in a workday or 40 hours in a workweek. 

You will also be eligible to participate in various Company fringe benefit plans, including group health insurance which its set up, 401(k),
and vacation programs, in accordance with the Company’s benefit plan requirements. You will also be eligible to participate in any incentive compensation plan that may be established by the Company during your employment. 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. 

Your employment with the Company is “at will.” This means it is for no specified term and may be terminated by you or the Company at
any time, with or without cause or advance notice. In addition, the Company reserves the right to modify your compensation, position, duties or reporting relationship to meet business needs and to decide on appropriate discipline. 

As a condition of your employment, you will be required to sign the Company’s standard form of employee nondisclosure and assignment
agreement (a copy of which is enclosed), and to provide the Company with documents establishing your identity and right to work in the United States. Those documents must be provided to the Company within three business days of your employment start
date. 
 In the event of any dispute or claim relating to or arising out of your employment relationship with the Company, this agreement,
or the termination of your employment with the Company for any reason (including, but not limited to, any claims of breach of contract, defamation, wrongful termination or age, sex, sexual orientation, race, color, national origin, ancestry, marital
status, religious creed, physical or mental disability or medical condition or other discrimination, retaliation or harassment), you and the Company agree that all such disputes shall be fully resolved by confidential, binding arbitration conducted
by a single arbitrator agreed by the parties. You and the Company hereby waive your respective rights to have any such disputes or claims tried before a judge or jury. 

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. If you have questions about this requirement, which applies to U.S. citizens and non-U.S. citizens alike, you may contact our personnel office. Please bring the appropriate documents when you report for work. We will not be able to employ you if you fail to comply with this requirement. 

 The provisions of this agreement regarding “at will” employment and arbitration
may only be modified by a document signed by you and an authorized representative of the Company. 
 This offer will remain open until
January JS1 2016. If you decide to accept our offer, and I hope you will, please sign the enclosed copy of this letter in the space indicated and return it to me. Your signature will acknowledge that you have read and understood and agreed to the
terms and conditions of this offer letter and the attached documents, if any. Should you have anything else that you wish to discuss, please do not hesitate to call me. 

 

			
	Sincerely,
	
	HIPPO ANALYTICS INC.
		
	By	 	 Assaf Wand

 I agree to and accept employment with Hippo Analytics Inc. on the terms and conditions set forth in this
agreement. I understand and agree that my employment with the Company is at-will. 
  

					
	Date: January 1st 2016	 		  	 /s/ Assaf Wand

		 		  	Assaf Wand

 EMPLOYEE NONDISCLOSURE, ASSIGNMENT AND
NON-SOLICITATION AGREEMENT 

  
 1 

 
 This Agreement sets forth in writing certain understandings and procedures in effect as of the
date of my initial employment with Hippo Analytics Inc. (“Company”). 
  

	 	1.	 Duties. In return for the compensation now and hereafter paid to me, I will perform such duties for
Company as the Company may designate from time to time. During my employment with Company, I will devote my best efforts to the interests of Company, will not engage in other employment or in any conduct in direct conflict with Company’s
interests that would cause a material and substantial disruption to Company and will otherwise abide by all of Company’s policies and procedures. Furthermore, I will not (a) reveal, disclose or otherwise make available to any unauthorized
person any Company password or key, whether or not the password or key is assigned to me or (b) obtain, possess or use in any manner a Company password or key that is not assigned to me. I will use my best efforts to prevent the unauthorized
use of any laptop or personal computer, peripheral device, software or related technical documentation that the Company issues to me, and I will not input, load or otherwise attempt any unauthorized use of software in any Company computer, whether
or not such computer is assigned to me.

	 	2.	 “Proprietary Information” Definition. “Proprietary Information” includes
(a) any information that is confidential or proprietary, technical or nontechnical information of Company, including for example and without limitation, information related to Company Innovations (as defined in Section 4 below), concepts,
techniques, processes, methods, systems, designs, computer programs, source documentation, trade secrets, formulas, development or experimental work, work in progress, forecasts, proposed and future products, marketing plans, business plans,
customers and suppliers and any other nonpublic information that has commercial value or (b) any information Company has received from others that Company is obligated to treat as confidential or proprietary, which may be made known to me by
Company, a third party or otherwise that I may learn during my employment with Company. 

  

	 	3.	 Ownership and Nondisclosure of Proprietary Information. All Proprietary Information and all worldwide:
patents (including, but not limited to, any and all patent applications, patents, continuations, continuation-in-parts, reissues, divisionals, substitutions, and
extensions), copyrights, mask works, trade secrets and other worldwide rights in and to the Proprietary Information are the property of Company, Company’s assigns, Company’s customers and Company’s suppliers, as applicable. I will not
disclose any Proprietary Information to anyone outside Company, and I will use and disclose Proprietary Information to those inside Company only as necessary to perform my duties as an employee of Company. If I

 

  
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have any questions as to whether information is Proprietary Information, or to whom, if anyone, inside Company, any Proprietary Information may be disclosed, I will ask my manager at Company

  

	 	4.	 “Innovations” Definition. In this Agreement, “Innovations” means all discoveries,
designs, developments, improvements, inventions (whether or not protectable under patent laws), works of authorship, information fixed in any tangible medium of expression (whether or not protectable under copyright laws), trade secrets, know-how, ideas (whether or not protectable under trade secret laws), mask works, trademarks, service marks, trade names and trade dress. 

 

	 	5.	 Disclosure and License of Prior Innovations. I have listed on Exhibit A (“Prior
Innovations”) attached hereto all Innovations relating in any way to Company’s business or demonstrably anticipated research and development or business, which were conceived, reduced to practice, created, derived, developed, or made by me
prior to my employment with Company (collectively, the “Prior Innovations”). I represent that I have no rights in any such Company-related Innovations other than those Innovations listed in Exhibit A (“Prior Innovations”).
If nothing is listed on Exhibit A (“Prior Innovations”), I represent that there are no Prior Innovations at the time of signing this Agreement. I

	 	
hereby grant to Company and Company’s designees a royalty-free, irrevocable, worldwide, fully paid-up license (with rights to sublicense through
multiple tiers of sublicensees) to practice all patent, copyright, moral right, mask work, trade secret and other intellectual property rights relating to any Prior Innovations that I incorporate, or permit to be incorporated, in any Innovations
that I, solely or jointly with others, conceive, develop or reduce to practice within the scope of my employment with Company (the “Company Innovations”). Notwithstanding the foregoing, I will not incorporate, or permit to be incorporated,
any Prior Innovations in any Company Innovations without Company’s prior written consent. 

  

	 	6.	 Disclosure and Assignment of Company Innovations. I will promptly disclose and describe to
Company all Company Innovations. I hereby do and will assign to Company or Company’s designee all my right, title, and interest in and to any and all Company Innovations. To the extent any of the rights, title and interest in and to Company
Innovations cannot be assigned by me to Company, I hereby grant to Company an exclusive, royalty-free, transferable, irrevocable, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to practice such non-assignable rights, title and interest, including, but not limited to, the right to make, use, sell, offer for sale, import, have made, and have sold, such Company Innovations. To the

 

  
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extent any of the rights, title and interest in and to Company Innovations can neither be assigned nor licensed by me to Company, I hereby irrevocably waive and agree never to assert such non-assignable and non-licensable rights, title and interest against Company, any of Company’s successors in interest, or any of Company’s customers. This
Section 6 shall not apply to any Innovations that (a) do not relate, at the time of conception, reduction to practice, creation, derivation, development or making of such Innovation to Company’s business or actual or demonstrably
anticipated research, development or business; and (b) were developed entirely on my own time; and (c) were developed without use of any of Company’s equipment, supplies, facilities or trade secret information; and (d) did not
result from any work I performed for Company. 

  

	 	7.	 Future Innovations. I will disclose promptly in writing to Company all Innovations conceived, reduced to
practice, created, derived, developed, or made by me within the scope of my employment with the Company and for three (3) months thereafter, whether or not I believe such Innovations are subject to this Agreement, to permit a determination by
Company as to whether or not the Innovations should be considered Company Innovations. Company will receive any such information in confidence.

	 	8.	 Notice of Nonassignable Innovations to Employees in California. This Agreement does not apply to an
Innovation that qualifies fully as a nonassignable invention under the provisions of Section 2870 of the California Labor Code. I acknowledge that a condition for an Innovation to qualify fully as a
non-assignable invention under the provisions of Section 2870 of the California Labor Code is that the invention must be protected under patent laws. I have reviewed the notification in Exhibit B
(“Limited Exclusion Notification”) and agree that my signature acknowledges receipt of the notification. 

  

	 	9.	 Cooperation in Perfecting Rights to Company Innovations. I agree to perform, during and after my
employment, all acts that Company deems necessary or desirable to permit and assist Company, at its expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in the Company Innovations as provided to
Company under this Agreement. If Company is unable for any reason to secure my signature to any document required to file, prosecute, register or memorialize the assignment of any rights or application or to enforce any right under any Company
Innovations as provided under this Agreement, I hereby irrevocably designate and appoint Company and Company’s duly authorized officers and agents as my agents and
attorneys-in-fact to act for and on my behalf and instead of me to take all lawfully permitted

 

  
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acts to further the filing, prosecution, registration, memorialization of assignment, issuance, and enforcement of rights under such Innovations, all with the same legal force and effect as if
executed by me. The foregoing is deemed a power coupled with an interest and is irrevocable. 

  

	 	10.	 Return of Materials. At any time upon Company’s request, and when my employment with Company is
over, I will return all materials (including, without limitation, documents, drawings, papers, diskettes and tapes) containing or disclosing any Proprietary Information (including all copies thereof), as well as any keys, pass cards, identification
cards, computers, printers, pagers, personal digital assistants or similar items or devices that the Company has provided to me. I will provide Company with a written certification of my compliance with my obligations under this Section.

  

	 	11.	 No Violation of Rights of Third Parties. During my employment with Company, I will not (a) breach
any agreement to keep in confidence any confidential or proprietary information, knowledge or data acquired by me prior to my employment with Company or (b) disclose to Company, or use or induce Company to use, any confidential or proprietary
information or material belonging to any previous employer or any other third party. I am not currently a party, and will not become a party, to any other agreement that is in conflict, or will prevent me from complying, with this Agreement.

	 	12.	 Survival. This Agreement (a) shall survive my employment by Company; (b) does not in any way
restrict my right to resign or the right of Company to terminate my employment at any time, for any reason or for no reason; (c) inures to the benefit of successors and assigns of Company; and (d) is binding upon my heirs and legal
representatives. 

  

	 	13.	 No Solicitation. During my employment with Company and for two (2) years thereafter, I will not
solicit, encourage, or cause others to solicit or encourage any employees of Company to terminate their employment with Company. 

  

	 	14.	 No Disparagement. During my employment with Company and after the termination thereof, I will not
disparage Company, its products, services, agents or employees. 

  

	 	15.	 Injunctive Relief. I agree that if I violate this Agreement, Company will suffer irreparable and
continuing damage for which money damages are insufficient, and Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including money damages if appropriate), to the extent
permitted by law. 

 

  
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	 	16.	 Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered
as follows, with notice deemed given as indicated: (a) by personal delivery, when actually delivered; (b) by overnight courier, upon written verification of receipt; (c) by facsimile transmission, upon acknowledgment of receipt of
electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notices to me shall be sent to any address in Company’s records or such other address as I may provide in writing.
Notices to Company shall be sent to Company’s Human Resources Department or to such other address as Company may specify in writing. 

  

	 	17.	 Governing Law; Forum. This Agreement shall be governed by the laws of the United States of America and
by the laws of the State of California, as such laws are applied to agreements entered into and to be performed entirely within California between California residents. Company and I each irrevocably consent to the exclusive personal jurisdiction of
the federal and state courts located in California, as applicable, for any matter arising out of or relating to this Agreement, except that in actions seeking to enforce any order or any judgment of such federal or state courts located in
California, such personal jurisdiction shall be nonexclusive. Additionally, notwithstanding anything in the foregoing to the contrary, a claim for equitable relief arising out of or related to this Agreement may be brought in any court of competent
jurisdiction. 

	 	18.	 Severability. If an arbitrator or court of law holds any provision of this Agreement to be illegal,
invalid or unenforceable, (a) that provision shall be deemed amended to provide Company the maximum protection permitted by applicable law and (b) the legality, validity and enforceability of the remaining provisions of this Agreement
shall not be affected. 

  

	 	19.	 Waiver; Modification. If Company waives any term, provision or breach by me of this Agreement, such
waiver shall not be effective unless it is in writing and signed by Company. No waiver shall constitute a waiver of any other or subsequent breach by me. This Agreement may be modified only if both Company and I consent in writing.

  

	 	20.	 Entire Agreement. This Agreement, including any agreement to arbitrate claims or disputes relating to my
employment that I may have signed in connection with my employment by Company, represents my entire understanding with Company with respect to the subject matter of this Agreement and supersedes all previous understandings, written or oral.

 

  
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 I certify and acknowledge that I have carefully read all of the provisions of this Agreement
and that I understand and will fully and faithfully comply with such provisions. 
  

					
	 “COMPANY”
  
	  	EMPLOYEE:
	 HIPPO ANALYTICS INC.
  
	  	 /s/ ASSAF WAND

	By:	  	 /s/ ASSAF WAND
	  	ASSAF WAND
	Title CEO	  	
	  
 Dated: January 1st 2016
	  	Dated: January 1st 2016

 Exhibit A 

PRIOR INNOVATIONS     
 Check
one of the following: 
  

	☐	 NO SUCH PRIOR INNOVATIONS EXIST. 

OR 
  

	☐	 YES, SUCH PRIOR INNOVATIONS EXIST AS DESCRIBED BELOW (include basic description of each Prior Innovation):

 Exhibit B 

LIMITED EXCLUSION NOTIFICATION TO EMPLOYEES IN CALIFORNIA 

  
 7 

 THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that
the foregoing Agreement between you and Company does not require you to assign or offer to assign to Company any invention that you developed entirely on your own time without using Company’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 Company’s business, or
actual or demonstrably anticipated research or development of Company; or 

  

	 	(2)	 Result from any work performed by you for Company. 

To the extent a provision in the foregoing Agreement purports to require you to assign an invention otherwise excluded from the preceding
Section, the provision is against the public policy of California and is unenforceable. 
 This limited exclusion does not apply to any
patent or invention covered by a contract between Company and the United States or any of its agencies requiring full title to such patent or invention to be in the United States. 

I ACKNOWLEDGE RECEIPT of a copy of this notification. 
  

							
	HIPPO ANALYTICS INC.	 	            	  	
				
	By:	 	 ASSAF WAND
	 		  	 /s/ ASSAF WAND

	Title CEO	 		  	ASSAF WAND
	  
 Date: January 1st 2016
	 		  	  
 Date: January 1st 2016

  
 8EX-10.26

 Exhibit 10.26 

OFFER LETTER 
 Hippo
Analytics Inc. 
  

	 	Re:	 Employment Agreement 

Dear Rick, 
 On behalf of Hippo Analytics Inc.
(the “Company”), I am pleased to offer you employment in the position of Head of Insurance. This letter sets out the terms of your employment with the Company, which will start on February 6th, 2017. 

You will be paid a starting base salary of US $180,000 per year, paid semi-monthly, less applicable tax and other withholdings. This position
is an exempt position, which means you are paid for the job and not by the hour. Accordingly, you will not receive overtime pay if you work more than 8 hours in a workday or 40 hours in a workweek. 

You will be refunded your commuting expenses for which you provide receipts up to a maximum of US $1,200 per month. 

The Company will supply a furnished apartment. 

Hippo Insurance, through TriNet, offers a full range of benefits for you and your qualified dependents as outlined in the attached Summary of
Benefits. An overview of our benefits program will be given to you during your first week of employment. Details about these benefits is included with this letter, and additional information will be available
on-line on the terms and conditions included in the Terms and Conditions Agreement (TCA) each new employee must accept in order to access TriNet’s on-line
self-service portal, TriNet Passport. You will be eligible to participate in group health insurance, 401(k), short and long term disability and various other programs, in accordance with the Company’s benefit plan. 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. 

Subject to the approval of the board of directors of the Company, and compliance with all applicable laws, you will be eligible to receive
200,000 options to purchase shares of Common Stock of the Company, par value $0.000001 each, at an exercise price to be determined by the Board on the date such options are granted and which shall be at least equal to the fair market value of a
share of the Company’s Common Stock on the date of grant. Such Options shall be subject to a vesting schedule as follows: 25% of the Options shall vest upon the first anniversary, as of February 6th, 2018, and the rest of the Options shall vest
on a quarterly basis, until the fourth anniversary (i.e. February 6th, 2021), on which date, subject to the vesting conditions, all remaining unvested Options shall vest. The Options shall be subject to the terms of the Company’s Option Plan,
an option agreement to be executed by and between you and the Company. Vesting of the Options shall be subject to a 50% acceleration of unvested Options if both (i) control of the Company is transferred in a transaction for cash or liquid
securities, and (ii) your employment is constructively terminated or terminated without cause within 12 months thereafter. You acknowledge that you will be required to execute additional documents in compliance with the applicable tax laws, any
other applicable law and the Company’s internal policies. 

  
 1 

 Your employment with the Company is “at will.” This means it is for no specified
term and may be terminated by you or the Company at any time, with or without cause or advance notice. In addition, the Company reserves the right to modify your compensation, position, duties or reporting relationship to meet business needs and to
decide on appropriate discipline. 
 As a condition of your employment, you will be required to sign the Company’s standard form of
employee nondisclosure and assignment agreement (a copy of which is enclosed), and to provide the Company with documents establishing your identity and right to work in the United States. Those documents must be provided to the Company within three
business days of your employment start date. The Company agrees that you may continue to have involvement with First Connect Insurance Services LLC, including its subsidiaries and successors, provided that such involvement is not competitive with
and would not otherwise conflict with your employment by the Company. 
 In the event of any dispute or claim relating to or arising out of
your employment relationship with the Company, this agreement, or the termination of your employment with the Company for any reason (including, but not limited to, any claims of breach of contract, defamation, wrongful termination or age, sex,
sexual orientation, race, color, national origin, ancestry, marital status, religious creed, physical or mental disability or medical condition or other discrimination, retaliation or harassment), you and the Company agree that all such disputes
shall be fully resolved by confidential, binding arbitration conducted by a single arbitrator agreed by the parties. You and the Company hereby waive your respective rights to have any such disputes or claims tried before a judge or jury. 

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. If you have questions about this requirement, which applies to U.S. citizens and non-U.S. citizens alike, you may contact our personnel office. Please bring the appropriate documents when you report for work. We will not be able to employ you if you fail to comply with this requirement. 

This agreement and the non-disclosure and the option agreement referred to above constitute the entire
agreement between you and the Company regarding the terms and conditions of your employment, and they supersede all prior or contemporaneous negotiations, representations or agreements between you and the Company. The provisions of this agreement
regarding “at will” employment and arbitration may only be modified by a document signed by you and an authorized representative of the Company. 

This offer will remain open until February 1st, 2017. If you decide to accept our offer, and I hope you will, please sign the enclosed copy of
this letter in the space indicated and return it to me. Your signature will acknowledge that you have read and understood and agreed to the terms and conditions of this offer letter and the attached documents, if any. Should you have anything else
that you wish to discuss, please do not hesitate to call me. 
  

			
	Sincerely,
	
	HIPPO ANALYTICS INC.
		
	By	 	 Assaf Wand

		 	Assaf Wand
		 	CEO

  
 2 

 I agree to and accept employment with Hippo Analytics Inc. on the terms and conditions set forth in this
agreement. I understand and agree that my employment with the Company is at-will. 
  

			
	Date: 1/26/2017 	  	 /s/ Rick Mccathron

		  	Rick Mccathron

  
 3 

 I certify and acknowledge that I have carefully read all of the provisions of this Agreement
and that I understand and will fully and faithfully comply with such provisions. 
  

									
	HIPPO ANALYTICS INC.	 		 	EMPLOYEE:
					
		 	 /s/ Assaf Wand
	 		 		 	 /s/ Rick Mccathron

					
	By: 	 	Assaf Wand	 		 	By: 	 	Rick Mccathron
					
	Title: 	 	CEO	 		 		 	
					
	Dated:	 	1/26/2017	 		 	Dated:	 	1/26/2017

  
 1 

 PROPRIETARY INFORMATION AND INVENTIONS ASSIGNMENT AGREEMENT 

In consideration of my employment or continued employment by HIPPO ANALYTICS, INC., its subsidiaries, parent, affiliates, successors
and assigns (together, the “Company”), and the compensation now and later paid to me, I agree to the terms of this Agreement as follows: 

 

 1. PROPRIETARY INFORMATION PROTECTIONS. 

1.1 Nondisclosure; Recognition of Company’s Rights. I understand and acknowledge that my employment by the Company creates
a relationship of confidence and trust with respect to the Company’s Proprietary Information (as defined below) and that the Company has a protectable interest in such Proprietary Information. At all times during and after my employment, I will
hold in confidence and will not disclose, use, lecture upon, or publish any of Company’s Proprietary Information, except as may be required in connection with my work for Company, or as expressly authorized by a duly authorized officer of
Company. I will obtain the Company’s written approval before publishing or submitting for publication any material (written, oral, or otherwise) that relates to my work at Company and/or incorporates any Proprietary Information. I hereby assign
to Company any rights I may have or acquire in any and all Proprietary Information and recognize that all Proprietary Information shall be the sole and exclusive property of Company and its assigns. 

1.2 Proprietary Information. The term “Proprietary Information” shall mean any and all confidential knowledge, data
or information related to Company’s business or its actual or demonstrably anticipated research or development, including without limitation (a) trade secrets, inventions, ideas, processes, computer source and object code, data, formulae,
programs, other works of authorship, know-how, improvements, discoveries, developments, designs, and techniques; (b) information regarding products, services, plans for research and development, marketing
and business plans, budgets, financial statements, contracts, prices, suppliers, and customers; (c) information regarding the skills and compensation of Company’s employees, contractors, and any other service providers of Company; and
(d) the existence of any business discussions, negotiations, or agreements between Company and any third party. 
 1.3 Third Party
Information. I understand that Company has received and in the future will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on Company’s part to
maintain the confidentiality of such information and to use it only for certain limited purposes. During and after the term of my employment, I will hold Third Party Information in strict confidence and will not disclose to anyone (other than
Company personnel who need to know such information in connection with their work for Company) or use, Third Party Information, except in connection with my work for Company or unless expressly authorized by an officer of Company in writing. 

1.4 No Improper Use of Information of Prior Employers and Others. I represent that my employment by

 
Company does not and will not breach any agreement with any former employer, including any noncompete agreement or any agreement to keep in confidence or refrain from using information acquired
by me prior to my employment by Company. I further represent that I have not entered into, and will not enter into, any agreement, either written or oral, in conflict with my obligations under this Agreement. During my employment by Company, I will
not improperly make use of, or disclose, any information or trade secrets of any former employer or other third party, nor will I bring onto the premises of Company or use any unpublished documents or any property belonging to any former employer or
other third party, in violation of any lawful agreements with that former employer or third party. I will use in the performance of my duties only information that is generally known and used by persons with training and experience comparable to my
own, is common knowledge in the industry or otherwise legally in the public domain, or is otherwise provided or developed by Company.     

2. INVENTIONS. 
 2.1
Definitions. As used in this Agreement, the term “Invention” means any ideas, concepts, information, materials, processes, data, programs, know-how, improvements, discoveries,
developments, designs, artwork, formulae, other copyrightable works, and techniques and all Intellectual Property Rights in any of the items listed above. The term “Intellectual Property Rights” means all trade secrets, copyrights,
trademarks, mask work rights, patents and other intellectual property rights recognized by the laws of any jurisdiction or country. The term “Moral Rights” means all paternity, integrity, disclosure, withdrawal, special and any
other similar rights recognized by the laws of any jurisdiction or country. 
 2.2 Prior Inventions. I have disclosed on Exhibit
A a complete list of all Inventions that (a) I have, or I have caused to be, alone or jointly with others, conceived, developed, or reduced to practice prior to the commencement of my employment by Company; (b) in which I have
an ownership interest or which I have a license to use; (c) and that I wish to have excluded from the scope of this Agreement (collectively referred to as “Prior Inventions”). If no Prior Inventions are listed in
Exhibit A, I warrant that there are no Prior Inventions. I agree that I will not incorporate, or permit to be incorporated, Prior Inventions in any Company Inventions (defined below) without Company’s prior written consent. If, in the
course of my employment with Company, I incorporate a Prior Invention into a Company process, machine or other work, I hereby grant Company a non-exclusive, perpetual, fully-paid and royalty-free, irrevocable
and worldwide license, with rights to sublicense through multiple levels of sublicensees, to reproduce, make derivative works of, distribute, publicly perform, and publicly display in any form or medium, whether now

 

  
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 known or later developed, make, have made, use, sell, import, offer for sale, and exercise any and all present
or future rights in, such Prior Invention.     
 2.3 Assignment of Company Inventions. Inventions assigned to
the Company or to a third party as directed by the Company pursuant to the subsection titled Government or Third Party are referred to in this Agreement as “Company Inventions.” Subject to the subsection titled
Government or Third Party and except for Inventions that I can prove qualify fully under the provisions of California Labor Code section 2870 and I have set forth in Exhibit A, I hereby assign and agree to assign in the future (when any such
Inventions or Intellectual Property Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to Company all my right, title, and interest in and to any and all Inventions (and all Intellectual Property Rights with
respect thereto) made, conceived, reduced to practice, or learned by me, either alone or with others, during the period of my employment by Company. Any assignment of Inventions (and all Intellectual Property Rights with respect thereto) hereunder
includes an assignment of all Moral Rights. To the extent such Moral Rights cannot be assigned to Company and to the extent the following is allowed by the laws in any country where Moral Rights exist, I hereby unconditionally and irrevocably waive
the enforcement of such Moral Rights, and all claims and causes of action of any kind against Company or related to Company’s customers, with respect to such rights. I further acknowledge and agree that neither my
successors-in-interest nor legal heirs retain any Moral Rights in any Inventions (and any Intellectual Property Rights with respect thereto). 

2.4 Obligation to Keep Company Informed. During the period of my employment and for one (1) year after my employment ends, I will
promptly and fully disclose to Company in writing (a) all Inventions authored, conceived, or reduced to practice by me, either alone or with others, including any that might be covered under California Labor Code section 2870, and (b) all
patent applications filed by me or in which I am named as an inventor or co-inventor. 
 2.5
Government or Third Party. I agree that, as directed by the Company, I will assign to a third party, including without limitation the United States, all my right, title, and interest in and to any particular Company Invention. 

2.6 Enforcement of Intellectual Property Rights and Assistance. During and after the period of my employment and at
Company’s request and expense, I will assist Company in every proper way, including consenting to and joining in any action, to obtain and enforce United States and foreign Intellectual Property Rights and Moral Rights relating to Company
Inventions in all countries. If the Company is unable to secure my signature on any document needed in connection with such purposes, I hereby irrevocably designate and appoint Company and its duly authorized officers and agents as my agent and
attorney in fact, which appointment is coupled with an interest, to act on my behalf to execute and file any such documents and to do all other lawfully permitted acts to

 
further such purposes with the same legal force and effect as if executed by me. 

2.7 Incorporation of Software Code. I agree that I will not incorporate into any Company software or otherwise deliver to Company any
software code licensed under the GNU General Public License or Lesser General Public License or any other license that, by its terms, requires or conditions the use or distribution of such code on the disclosure, licensing, or distribution of any
source code owned or licensed by Company. 
 3. RECORDS. I agree to keep and maintain adequate and current records (in the form of
notes, sketches, drawings and in any other form that is required by the Company) of all Inventions made by me during the period of my employment by the Company, which records shall be available to, and remain the sole property of, the Company at all
times. 
 4. ADDITIONAL ACTIVITIES. I agree that during the term of my employment by Company, I will not
(a) without Company’s express written consent, engage in any employment or business activity that is competitive with, or would otherwise conflict with my employment by, Company; and (b) for the period of my employment by Company and
for one (1) year thereafter, I will not either directly or indirectly, solicit or attempt to solicit any employee, independent contractor, or consultant of Company to terminate his, her or its relationship with Company in order to become an
employee, consultant, or independent contractor to or for any other person or entity. 
 5. RETURN OF
COMPANY PROPERTY. Upon termination of my employment or upon Company’s request at any other time, I will deliver to Company all of Company’s property, equipment, and documents, together with all copies
thereof, and any other material containing or disclosing any Inventions, Third Party Information or Proprietary Information and certify in writing that I have fully complied with the foregoing obligation. I agree that I will not copy, delete, or
alter any information contained upon my Company computer or Company equipment before I return it to Company. In addition, if I have used any personal computer, server, or e-mail system to receive, store,
review, prepare or transmit any Company information, including but not limited to, Proprietary Information, I agree to provide the Company with a computer-useable copy of all such Proprietary Information and then permanently delete and expunge such
Proprietary Information from those systems; and I agree to provide the Company access to my system as reasonably requested to verify that the necessary copying and/or deletion is completed. I further agree that any property situated on
Company’s premises and owned by Company is subject to inspection by Company’s personnel at any time with or without notice. Prior to the termination of my employment or promptly after termination of my employment, I will cooperate with
Company in attending an exit interview and certify in writing that I have complied with the requirements of this section. 

 

 

  
 3 

 
 6. NOTIFICATION OF NEW EMPLOYER. If I leave
the employ of Company, I consent to the notification of my new employer of my rights and obligations under this Agreement, by Company providing a copy of this Agreement or otherwise. 

7. GENERAL PROVISIONS. 

7.1 Governing Law and Venue. This Agreement and any action related thereto will be governed and interpreted by and under the laws of
the State of California, without giving effect to any conflicts of laws principles that require the application of the law of a different state. I expressly consent to personal jurisdiction and venue in the state and federal courts for the county in
which Company’s principal place of business is located for any lawsuit filed there against me by Company arising from or related to this Agreement. 

7.2 Severability. If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the other provisions of
this Agreement will remain enforceable and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law. 

7.3 Survival. This Agreement shall survive the termination of my employment and the assignment of this Agreement by Company to any
successor or other assignee and shall be binding upon my heirs and legal representatives. 
 7.4 Employment. I agree and understand
that nothing in this Agreement shall give me any right to continued employment by Company, and it will not interfere in any way with my right or Company’s right to terminate my employment at any time, with or without cause and with or without
advance notice. 
 7.5 Notices. Each party must deliver all notices or other communications required or permitted under this
Agreement in writing to the other party at the address listed on the signature page, by courier, by certified or registered mail (postage prepaid and return receipt requested), or by a nationally-recognized express mail service. Notice will be
effective upon receipt or refusal of delivery. If delivered by certified or registered mail, notice will be considered to have been given five (5) business days after it was mailed, as evidenced by the postmark. If delivered by courier or
express mail service, notice will be considered to have been given on the delivery date reflected by the courier or express mail service receipt. Each

 party may change its address for receipt of notice by giving notice of the change to the other party. 

7.6 Injunctive Relief. I acknowledge that, because my services are personal and unique and because I will have access to the
Proprietary Information of Company, any breach of this Agreement by me would cause irreparable injury to Company for which monetary damages would not be an adequate remedy and, therefore, will entitle Company to injunctive relief (including specific
performance). The rights and remedies provided to each party in this Agreement are cumulative and in addition to any other rights and remedies available to such party at law or in equity. 

7.7 Waiver. Any waiver or failure to enforce any provision of this Agreement on one occasion will not be deemed a waiver of that
provision or any other provision on any other occasion. 
 7.8 Export. I agree not to export, reexport, or transfer, directly or
indirectly, any U.S. technical data acquired from Company or any products utilizing such data, in violation of the United States export laws or regulations. 

7.9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of
which shall be taken together and deemed to be one instrument. 
 7.10 Entire Agreement. If no other agreement governs nondisclosure
and assignment of inventions during any period in which I was previously employed or am in the future employed by Company as an independent contractor, the obligations pursuant to sections of this Agreement titled Proprietary Information Protections
and Inventions shall apply. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior communications between us with respect to such matters. No
modification of or amendment to this Agreement, or any waiver of any rights under this Agreement, will be effective unless in writing and signed by me and a duly authorized officer of Company. Any subsequent change or changes in my duties, salary or
compensation will not affect the validity or scope of this Agreement. 

 

  
 [THIS SPACE INTENTIONALLY
LEFT BLANK] 

  
 4 

 This Agreement shall be effective as of the first day of my employment with Company. 

 

									
	 EMPLOYEE:
	 		 	COMPANY:
			
	 I HAVE READ, UNDERSTAND, AND ACCEPT THIS AGREEMENT AND HAVE BEEN GIVEN THE OPPORTUNITY TO REVIEW IT WITH
INDEPENDENT LEGAL COUNSEL.
	 		 	ACCEPTED AND AGREED:
			
	(Signature)	 		 	(Signature)
					
		 	 /s/ Rick McCathron
	 		 		 	 /s/ Assaf Wand

					
	By: 	 	Rick McCathron	 		 	By: 	 	Assaf Wand 
					
	Title:	 		 		 	 Title: 
	 	 CEO & Co Founder

					
	Date: 	 	1/26/2017	 		 	 Date: 
	 	 1/26/2017

					
	Address:	 		 		 	Address:	 	

  
 5 

 EXHIBIT A 

INVENTIONS 
 1.
Prior Inventions Disclosure. The following is a complete list of all Prior Inventions (as provided in Subsection 2.2 of the attached Employee Proprietary Information and Inventions Assignment Agreement, defined herein as the
“Agreement”): 
  

			
	☒	  	None
		
	☐	  	See immediately below:
	
	         

	
	         

 2. Limited Exclusion Notification.     

THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that the foregoing Agreement between you and
Company does not require you to assign or offer to assign to Company any Invention that you develop entirely on your own time without using Company’s equipment, supplies, facilities or trade secret information, except for those Inventions that
either: 
 a. Relate at the time of conception or reduction to practice to Company’s business, or actual or demonstrably
anticipated research or development; or 
 b. Result from any work performed by you for Company. 

To the extent a provision in the foregoing Agreement purports to require you to assign an Invention otherwise excluded from the preceding
paragraph, the provision is against the public policy of this state and is unenforceable. 
 This limited exclusion does not apply to any
patent or Invention covered by a contract between Company and the United States or any of its agencies requiring full title to such patent or Invention to be in the United States. 

  
 6

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