Document:

Exhibit

Exhibit 10.44

TURTLE BEACH CORPORATION
2013 STOCK-BASED INCENTIVE COMPENSATION PLAN
OPTION AGREEMENT 

This OPTION AGREEMENT (this “Agreement”), dated as of              (the “Grant Date”), is by and between Turtle Beach Corporation, a Nevada corporation (the “Company”), and              (the “Optionee”)

WITNESSETH:

WHEREAS, the Company desires to afford the Optionee an opportunity to purchase Shares of the Company as hereinafter provided, in accordance with the provisions of the Turtle Beach Corporation 2013 Stock-Based Incentive Compensation Plan (the “Plan”), a copy of which is attached hereto as Exhibit A;

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto, intending to be legally bound hereby, agree as follows:

1.Grant of Option.  The Company hereby grants to the Optionee a Non-Qualified Stock Option (the “Option”) to purchase               shares of the Company’s common stock (the “Shares”).  The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time.
2.    Purchase Price.  The exercise price of the Shares covered by the Option shall be $           per Share (the “Option Price”). 
3.    Option Term.  Unless earlier terminated pursuant to any provision of the Plan or this Agreement, the Option shall expire on                    (the “Expiration Date”).  The Option shall not be exercisable after the Expiration Date.
4.    Vesting.  [The Option is vested and exercisable with respect to        underlying Shares as of the Grant Date.]  Subject to the Optionee’s continuing employment in good standing with the Company or any Subsidiary or Affiliate, the Option shall vest and become exercisable with respect to               of the remaining underlying Shares on the 1st day of each month thereafter. In addition, any unvested portion of the Option that has not been forfeited as provided herein shall vest immediately prior to the consummation of a Change in Control.
5.    Effect of Termination of Service.  If the Optionee ceases to be employed by the Company or any Subsidiary or Affiliate for any reason, the unvested portion of the Option shall immediately cease to vest and be forfeited with no compensation due to the Optionee, and, unless the Optionee is terminated for cause, the vested portion of the Option shall remain 

exercisable until the earlier of (i) the date that is three months following the Optionee’s termination date and (ii) the Expiration Date.
6.    Change in Control.  Any outstanding, unexercised portion of the Option shall be cancelled immediately upon the consummation of a Change in Control.  If the Option Price per Share is greater than the consideration being paid per Share in such Change in Control, the Company shall have no further obligation to the Optionee hereunder.  If the Option Price per Share is less than the consideration being paid per Share in such Change in Control, the Company shall pay the Optionee an amount equal to the product of (i) the excess of the consideration being paid per Share in such Change in Control over the Option Price per Share and (ii) the number of Shares underlying the unexercised portion of the Option, whether or not vested, as soon as practicable following such Change in Control.
7.    Method of Exercise.  The Optionee may exercise the Option by delivering notice to the Company in a form specified or accepted by the Committee and signed by the Optionee or the person then having the right to exercise the Option, specifying the number of Shares with respect to which the Option is being exercised and the Option Price per Share, and paying to the Company the aggregate Option Price.  The aggregate Option Price must be paid within three days of the date of exercise: (i) in cash, (ii) with the proceeds received from a broker-dealer whom the Optionee has authorized to sell all or a portion of the Shares covered by the Option, or (iii) with the consent of the Committee, in whole or in part in Common Stock held by the Optionee and valued at Fair Market Value on the date of exercise.   The Option may be exercised only for a whole number of Shares.
8.    Transferability of Option.  Except as provided in the Plan, the Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws of descent and distribution and, during the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representative. 
9.    Rights as a Shareholder.  The Optionee shall have no rights of a shareholder with respect to the Shares underlying the Option (including no right to receive dividends or to vote shares) unless and until such Shares are transferred to the Optionee upon the exercise of the Option. 
10.    No Right to Continued Service.  Neither the Plan nor this Agreement shall confer upon the Optionee any right to be retained in any position with the Company or any Subsidiary or Affiliate.  Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company or any Subsidiary or Affiliate to terminate the Optionee’s employment or other service-relationship, at any time, with or without cause.
11.    Plan Terms; Definitions.  This Option is issued under the Plan and governed by its terms.  Except as specifically set forth herein, in the event of any inconsistency in the Plan and this Agreement, the Plan’s terms control.  Any term capitalized herein that is not separately defined shall have the meaning set forth in the Plan. 

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12.    Governing Law.  To the extent that Federal laws do not otherwise control, the validity and construction of this Agreement shall be construed and enforced in accordance with the laws of the State of California, but without giving effect to the choice of law principles thereof. 
13.    Withholding of Taxes.  Prior to the issuance of Shares upon the exercise of the Option, the Optionee must make arrangements satisfactory to the Company to pay or provide for any applicable federal, state and local withholding obligations of the Company. The Optionee may satisfy any federal, state or local tax withholding obligation relating to the exercise of the Option by tendering a cash payment or, with the prior consent of the Committee in its sole discretion, by (a) authorizing the Company to withhold Shares from the Shares otherwise issuable to the Participant as a result of the exercise of the Option; provided, however, that no Shares are withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (b) delivering to the Company previously owned and unencumbered shares of Common Stock.  The Company has the right to withhold such amounts from any compensation paid to a Participant.
14.    Entire Agreement; Receipt of Documents.  This Agreement and the Plan set forth the entire understanding of the parties hereto and supersede all prior agreements, arrangements, and communications, whether oral or written, pertaining to the subject matter hereof.  The Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement, represents that he or she has read and understands the terms and provisions thereof, and accepts the Option subject to all the terms and conditions of the Plan and this Agreement.
15.    Counterparts.  This Agreement may be executed and delivered in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  This Agreement shall become effective only when counterparts have been executed and delivered by all parties whose names are set forth on the signature page(s) hereof.  Any signature delivered by fax or in pdf format shall have the same force and effect as an original signature.

[Signature Page Follows]

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IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly authorized officer, and the Optionee has hereunto set his or her hand and seal, all as of the day and year first above written.

OPTIONEE    TURTLE BEACH CORPORATION

____________________________    By:__________________________________
Optionee’s Signature    Title:

____________________________    _____________________________________
Date    Date

[EXHIBIT A – COPY OF PLAN]

-4-EX-10.7

 Exhibit 10.7 
  

 
 August 16th, 2013 

Ishai Naveh 
  

	 	Re:	Amended and Restated Offer of Employment by Adesto Technologies Corporation 

 Dear Ishai: 

This offer letter serves to amend and restate your prior offer letter dated February 21, 2007 with Adesto Technologies Corporation (the
“Company”) pertaining to the terms of your employment as the Company’s Vice President of Marketing and Business Development. The amended and restated terms of your employment are as follows: 

1. Position. You will serve as Vice President of Marketing and Business Development of the Company. You will report to the
President and Chief Executive Officer (the “CEO”) and shall perform the duties and responsibilities customary for such position and such other related duties as are assigned by the President and CEO. You agree
to devote substantially all of your professional time, attention and efforts to the performance of your duties as the Company’s Vice President of Marketing and Business Development, and shall not render services to any other business without
the prior approval of the CEO. The foregoing shall not, however, preclude you (a) from engaging in appropriate civic, charitable or religious activities, (b) from devoting a reasonable amount of time to private investments, (c) from
serving on the boards of directors of other entities, or (d) from providing incidental assistance to family members on matters of family business, so long as the foregoing activities and service do not conflict with your responsibilities to the
Company. 
 2. Cash Compensation and Benefits. 

(a) Base Salary. Your salary will be at an annualized rate of $248,000 per year, payable in accordance with the Company’s standard
payroll schedule. Your salary, as well as any other cash amounts payable under this offer letter, will be subject to applicable tax withholdings and shall be reviewed by the Company’s Board of Directors (the “Board”) for
possible increases prior to the start of each fiscal year, effective at the beginning of such fiscal year. 
 (b) Annual Bonus. You
will have the opportunity to earn an annual cash bonus of up to twenty-five percent (25%) of your base salary for each fiscal year based on the achievement of certain objectives, which you and the Board will mutually establish. Such bonus
payment is subject to your continued employment through and until the date of payment. The bonus will be paid no later than March 15 of the year following the year in which such bonus was earned. 

 (c) Benefits. In addition, you will be eligible to participate in regular health
insurance, including medical, dental and vision as well as other employee benefit plans established by the Company for its employees from time to time. You will be entitled to 120 hours of PTO during every calendar year for the first five years
of employment and earn an additional 8 hours PTO for each subsequent year of employment, up to a maximum of 160 hours. The amount of PTO available to you can be accrued and carried over from one year to the next, but in no circumstance shall it
exceed 200 hours unless determined otherwise by the Company Compensation Committee. 
 3. 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 you or the Company for any reason, at any
time, with or without prior notice and with or without cause. 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, your
participation in any stock option or benefit program is not to be regarded as assuring you of continuing employment for any particular period of time. Any modification or change in your at-will employment status may only occur by way of a written
agreement signed by you and the CEO.  
 4. Change in Control Benefits. In the event that there is a Change in
Control (as defined below) of the Company, then immediately prior to the closing of such Change in Control, you will receive acceleration of the vesting and exercisability of fifty percent (50%) of all unvested options, and unvested shares
subject to all options, to purchase shares of the Company’s Common Stock then held by you. 
 5. Termination
Benefits. 
 (a) Following a Change in Control and For Other Than Cause or Good Reason. In the event that there is a Change in
Control of the Company and the Company or its successor terminates your employment other than for Cause, or you terminate your employment for Good Reason, in either case upon or within twelve (12) months following the Change in Control, then
you will be entitled to receive: (i) a lump sum payment equal to the sum of (a) twelve (12) months of your then-current base salary, (b) 100% of your target bonus for that fiscal year, and (c) reimbursement of twelve
(12) months of your COBRA premiums; and (ii) acceleration of the vesting and exercisability of one hundred percent (100%) of all options, and unvested shares subject to all options, to purchase shares of the Company’s Common
Stock then held by you (the “Change in Control Severance Benefits”). You agree that you will not resign for Good Reason without first providing the Company, or its successor as applicable, with written notice addressed to the
CEO of the acts or omissions constituting the grounds for Good Reason within sixty (60) days of the initial existence of the grounds for Good Reason, with a reasonable cure period of not less than fifteen (15) days following delivery of
such notice to the Company. In addition, you must terminate your employment within thirty (30) days following expiration of such cure period for your resignation to qualify as a resignation for Good Reason. Your entitlement to the Change in
Control Severance Benefits is subject to your executing and not revoking an industry standard release and waiver of claims in favor of the Company (or its successor, as applicable). 

(b) Other Termination. In the event that your employment is terminated other than for Cause at any time other than upon or within twelve
(12) months following a 

 
Change in Control, then you will receive a lump sum payment equal to the sum of (a) six (6) months of your then-current base salary and (b) reimbursement of six (6) months of
your COBRA premiums (the “Other Termination Severance Benefits”). Your entitlement to the Other Termination Severance Benefits is subject to your executing and not revoking an industry standard release and waiver of claims in
favor of the Company (or its successor, as applicable). 
 (c) Form and Timing of Payment. The Company will pay you any lump sum
amounts as provided for in this Section 5 on the thirtieth (30th) day following your termination of employment, provided that prior to such date the release described above is effective
at such time. 
 (d) Definitions. 

(i) For purposes of this Section 5, “Cause” shall mean: (i) any willful act or acts of
dishonesty undertaken by you and resulting in substantial gain or personal enrichment of you at the expense of the Company; (ii) any willful act of misconduct by you which is materially and demonstrably injurious to the Company;
(iii) willful and repeated failure or refusal to comply in any respect with the terms of the Company’s standard Employee Invention Assignment and Confidentiality Agreement, or any other policies of the Company applicable to you where
non-compliance would be materially detrimental to the Company; or (iv) conviction of, or plea of guilty to or no contest to, a felony. No act, or failure to act, by you shall be considered “willful” if done, or omitted to be done, by
you in good faith and in the reasonable belief that your act or omission was in the best interest of the Company and/or required by applicable law. 

(ii) For purposes of this Section 5, “Good Reason” shall mean: (i) a material reduction in
your total annual compensation not agreed to by you, except in the case of a reduction in the total annual compensation applicable to all executive-level Company employees; (ii) a material reduction in your authority, status, obligations or
responsibilities, provided that following a Change in Control, a change in title alone (not accompanied by a change in authority, status, obligations or responsibilities), or the Company being operated as a division or a subsidiary of a successor
entity, shall not constitute a material reduction; (iii) the Company’s failure to comply in any material respect with any material term of this offer letter that is not cured within thirty (30) days; or (iv) a requirement that
you relocate to an office that would increase your one-way commute distance by more than the greater of 50% or 15 miles. 

(iii) For purposes of Section 4 and this Section 5, “Change in Control” shall mean any of the
following events: (i) a merger or consolidation in which (1) the Company is a constituent party; or (2) a subsidiary of the Company is a constituent party and the Company issues shares of its capital stock pursuant to such merger or
consolidation, except any such merger or consolidation involving the Company or a subsidiary in which the shares of capital stock of the Company outstanding immediately prior to such merger or consolidation continue to represent, or are
converted or exchanged for shares of capital stock which represent, immediately following such merger or consolidation at least a majority, by voting power, of the capital stock of (A) the surviving or resulting corporation or (B) if the
surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; (ii) a transaction to which the
Company is a party and pursuant to which any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange 

 
Act”)), other than a trustee or other fiduciary holding securities of the Company under an employee benefit plan of the Company, becomes the “beneficial owner” (as defined
in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then-outstanding securities, excluding, for purposes of this
subsection (ii), any transaction constituting an equity financing in which the Company is the surviving corporation; or (iii) the sale, lease, transfer or other disposition (including by way of an exclusive license), in a single transaction or
series of related transactions, by the Company or any subsidiary of the Company of all or substantially all the assets of the Company and its subsidiaries taken as a whole, except where such sale, lease, transfer or other disposition is to a wholly
owned subsidiary of the Company. 
 6. Section 280G. If any payments and other benefits provided for in this
offer letter or otherwise constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and, but for this Section 6, would be subject to
the excise tax imposed by Section 4999 of the Code, then payments and other benefits will be payable to you, at your election, either in full or in such lesser amounts as would result, after taking into account the applicable federal, state and
local income taxes and the excise tax imposed by Section 4999, on your receipt on an after-tax basis of the greatest amount of payments and other benefits, by first reducing the cash payments and then reducing the equity grants, in each case,
pro rata between amounts subject to Section 409A of the Code and amounts not subject to Section 409A of the Code. 
 7.
Section 409A. For purposes of this offer letter, a termination of employment will be determined consistent with the rules relating to a “separation from service” as defined in Section 409A of the Code and the
regulations thereunder (“Section 409A”). Notwithstanding anything else provided herein, to the extent any payments provided under this offer letter in connection with your termination of employment constitute deferred
compensation subject to Section 409A, and you are deemed at the time of such termination of employment to be a “specified employee” under Section 409A, then such payment shall not be made or commence until the earlier of
(i) the expiration of the six (6)-month period measured from your separation from service from the Company or (ii) the date of your death following such a separation from service; provided, however, that such deferral shall only be
effected to the extent required to avoid adverse tax treatment to you including, without limitation, the additional tax for which you would otherwise be liable under Section 409A(a)(1)(B) in the absence of such a deferral. The first payment
thereof will include a catch-up payment covering the amount that would have otherwise been paid during the period between your termination of employment and the first payment date but for the application of this provision, and the balance of the
installments (if any) will be payable in accordance with their original schedule. To the extent that any provision of this offer letter is ambiguous as to its compliance with Section 409A, the provision will be read in such a manner so that all
payments hereunder comply with Section 409A. To the extent any payment under this offer letter may be classified as a “short-term deferral” within the meaning of Section 409A, such payment shall be deemed a short-term deferral,
even if it may also qualify for an exemption from Section 409A under another provision of Section 409A. Payments pursuant to this offer letter are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the
Treasury Regulations. 
 8. Confidentiality; Compliance with Policies. 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 have signed the Company’s standard
“Employee 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 to not engage in any employment, business or activity that is in any way
competitive with the business or proposed business of the Company. You will disclose to the Company in writing any other gainful employment, business or activity that you are currently associated with or participate in that competes with the
Company. You will not 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. You represent that your signing of this offer letter,
agreement(s) concerning stock options granted to you, if any, under the Company’s 2007 Equity Incentive Plan (the “Plan”) and the Company’s Employee Invention Assignment and Confidentiality Agreement and your
continued employment with the Company will not violate any agreement currently in place between yourself and current or past employers. 

9. Employment with TriNet. Our benefits, payroll, and other human resource management services are provided through TriNet
Employer Group, Inc., a professional employer organization. As a result of the Company’s arrangement with TriNet, TriNet will be considered your employer of record for these purposes and the CEO will be responsible for directing your work,
reviewing your performance, setting your schedule, and otherwise directing your work at the Company. 
 10. Arbitration.
You and the Company agree to submit to mandatory binding arbitration any and all claims arising out of or related to your employment with the Company and the termination thereof, including but not limited to, claims for unpaid wages, wrongful
termination, torts, stock or stock options or other ownership interest in the Company, and/ or discrimination (including harassment) based upon any federal, state or local ordinance, statute, regulation or constitutional provision except that each
party may, at each party’s option, seek injunctive relief in court related to the improper use, disclosure or misappropriation of a party’s proprietary, confidential or trade secret information. All arbitration hearings shall be conducted
in Santa Clara County, California. THE PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY HAVE TO TRIAL BY JURY IN REGARD TO SUCH CLAIMS. This offer letter does not restrict your right to file administrative claims you may bring before any government agency
where, as a matter of law, the parties may not restrict the employee’s ability to file such claims (including, but not limited to, the National Labor Relations Board, the Equal Employment Opportunity Commission and the Department of Labor).
However, the parties agree that, to the fullest extent permitted by law, arbitration shall be the exclusive remedy for the subject matter of such administrative claims. The arbitration shall be conducted through JAMS before a single neutral
arbitrator, in accordance with the JAMS employment arbitration rules then in effect. The JAMS rules may be found and reviewed at http://jamsadr.com/rules-employment-arbitration. If you are unable to access these rules, please let me know and
I will provide you with a hardcopy. The arbitrator shall issue a written decision that contains the essential findings and conclusions on which the decision is based. 

11. Miscellaneous. 

 (a) Personal. This offer letter is personal to you and therefore you may not assign any of
your rights and responsibilities hereunder. 
 (b) Successors. This offer letter shall inure to the benefit of and be binding upon
(a) the Company and any of its successors, and (b) you and your heirs, executors and representatives in the event of your death. Any successor to Adesto Technologies Corporation shall be deemed substituted for the Company and Adesto
Technologies Corporation under the terms of this offer letter for all purposes. In the event of a Change in Control, the Company agrees to obtain assumption of this offer letter by its successor. 

(c) Modification. This offer letter, including, but not limited to the at-will provision above, may not be amended or modified other
than by a written agreement designated as an amendment and executed by you and the CEO, following approval of the Board, although the Company reserves the right to unilaterally modify your compensation, benefits, job title and duties (subject to any
express limitations set forth above). 
 (d) Severability. If any provision of this offer letter or the application thereof is held
invalid, the invalidity shall not affect other provisions or applications of this offer letter that can be given effect without the invalid provisions or applications and to this end the provisions of this offer letter are declared to be severable.

 (e) Complete Agreement. This offer letter (together with the Employee Invention Assignment and Confidentiality Agreement and the
Plan) represents the entire agreement between you and the Company with respect to the material terms and conditions of your employment, and supersedes and replaces all prior discussions, negotiations and agreements, including, without limitation,
your prior offer letter with the Company dated February 21, 2007. 
 (f) Counterparts. This offer letter may be executed
(i) in counterparts, each of which shall be an original, with same effect as if the signatures hereto were on the same instrument; and (ii) by facsimile or pdf. The parties agree that such facsimile or pdf signatures shall be deemed
original signatures for all purposes. 
 [Signature page follows] 

 We are extremely excited about your continued employment with Adesto Technologies Corporation. 

Please indicate your acceptance of this amended and restated offer letter, and confirmation that it contains our complete agreement regarding the terms and
conditions of your employment, by signing the bottom portion of this letter and returning a copy to me. 
  

			
	Very truly yours,
	
	/s/ Narbeh Derhacobian
	Narbeh Derhacobian, President and CEO
	
	Agreed to and accepted:
	
	/s/ Ishai Naveh
	Ishai Naveh
		
	Date:	 	8/16/2013

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