Document:

Offer Letter with Joseph Kennedy

 EXHIBIT 10.6 
 July 7, 2004 
 Joe Kennedy 
 Dear Joe: 
 We arc pleased to confirm our offer to you to join Savage Beast
Technologies (the “Company”) as Chief Executive Officer and President reporting to the Company’s Board or Directors (the “Board”), in accordance with the terms of this letter (the “Agreement”). Speaking for myself
and the Board, as well as the members of the Company’ s management team, we look forward to your future success in these positions. Subject to fulfillment of any conditions imposed by this Agreement, you will commence as Chief Executive Officer
and President with the Company effective July 19, 2004 (the “Start Date”). 
 The terms and conditions of your
new position with the Company are set forth below: 
 Chief Executive Officer and President Positions 

You agree that you will devote all of your business time and efforts to the Chief Executive Officer and President positions, and apply
your skill and experience to the performance of your duties. You shall comply with the Company’s policies and rules, as they may be in effect from time to time during the term of your employment. While employed by the Company, except with the
written approval of the Board, you will not actively engage in any other employment, occupation or consulting activity; provided, however, that you may serve as an outside board member on other companies’ Board of Directors. You agree to
complete any existing activities that would be in conflict with this paragraph no later than four weeks after you commence duties as the CEO and President of Savage Beast Technologies. 
 Board-Related Matters 
 The Board shall elect you a Director, effective
immediately, and (provided that you remain Chief Executive Officer of the Company) its Chairman, effective August 1, 2005 (the “Effective Date”). During the interim between your Start Date and the Effective Date, Larry Marcus will
continue to act as the Board’s nonemployee Chairman/lead outside director. 
 Compensation and Benefits 

1. Base Salary. Your annual base salary effective upon the Start Date will be $250,000 (which amount, and any increases that may
occur from time to time, shall be referred 

 
to herein as the “Base Salary”), less applicable withholdings and deductions, and payable in accordance with the Company’s standard payroll procedures. 

2. Stock Options and Restricted Stock. On your Start Date you will be granted an option (the “Option”) to purchase such
number of shares of Company Common Stock (the “Option Shares”) equal to seven and one-eighth (7.125%) of the Company’s total Outstanding Stock (as defined below), with a per share exercise price equal to $0.037 (the
“Exercise Price”). The term of the Option shall be ten (10)years; provided that you shall have thirty (30) days to exercise such Option following the termination of your employment (subject to an extension pursuant to Section 7
below). The Option Shares shall be exercisable from time to time during the term of the Option, pursuant to the vesting schedule specified in a Stock Option Agreement, which vesting schedule shall specify that the Option Shares will vest in a series
of thirty-six (36) successive equal monthly installments upon your completion of each month of service to the Company (“Service”) beginning after the one (1) year anniversary of the Start Date. In no event shall any additional
Option Shares vest after your cessation of Service, except as otherwise provided herein. The Option will be an ISO to the maximum extent permitted by applicable law. 
 On your start date you will be granted such number of restricted shares of Company Common Stock (the “Restricted Stock”) equal to two and three-eighths (2.375%) of the Company’s total
Outstanding Stock (as defined below), with a per share value equal to $0.037. The Restricted Stock shall vest on the one (1) year anniversary of the Start Dale. The Company will cooperate with you in connection with timely filing of an election
with the Internal Revenue Service under Section 83(b) of the Code. 
 As used in this Agreement, the calculation of the
Company’s total “Outstanding Stock” will include, in addition to all shares of common stock, all then-outstanding shares of preferred stock on an as-converted basis, all then-outstanding options on an as-exercised basis and all
then-outstanding warrants on an as-exercised (and, if applicable, as-converted) basis at the time of your Start Date (assuming the closing of the Series R Preferred Stock financing before such Start Date), and any authorized but unissued option
shares in the Company’s employee stock option pool. 
 3. Change of Control. 

a. Definition. As used in this Agreement, “Change of Control” shall mean the sale, conveyance, or other
disposal of all or substantially all of the Company’s property or business, or the merger with or into or consolidation with any other Company, limited liability company or other entity (other than a wholly-owned subsidiary of the Company);
provided that none of the following shall be considered a Change of Control: (i) a merger effected exclusively for the purpose of changing the domicile of the Company, (ii) an equity financing in which the Company is the surviving entity,
or (iii) a transaction in which the shareholders of the Company immediately prior to the transaction own 45% or more of the voting power of the surviving entity following the transaction. 

  
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 b. Acceleration upon Change of Control. In the event of a Change or
Control, fifty percent (50%) of the total number or Option Shares and Restricted Stock will vest immediately, with priority given first to the Restricted Stock, then to the Option Shares. You may choose to exercise the Options in conjunction
with the Change of Control, or to leave them unexercised and fairly adjusted or converted in accordance with the acquiring company’s requirements. In the event that your remaining unvested Options are not assumed or substituted for by the
acquiring company on terms consistent with the overall Change of Control transaction, then 100% of your unvested Option Shares shall vest in full. 
 c. Involuntary Termination/Constructive Termination. In the event that you are involuntarily terminated without Cause or experience a Constructive Termination of your employment (each an
“Involuntary Termination”) within two (2) months prior to or twelve (12) months after a Change in Control, 100% of your then unvested Option Shares and Restricted Stock shall vest in full. You may choose to exercise the Options
in conjunction with the Change of Control, or to leave them unexercised and fairly adjusted or converted in accordance with the acquiring company’s requirements for up to twelve (12) months after the termination date. In addition, you
shall receive the benefits set forth in Section 7 of this letter. 
 For all purposes under this Agreement,
“Constructive Termination” of your employment means: resignation from your employment with the Company within twelve (12) months after any of the following: 

(a) any reduction of Executive’s base salary which is not part of a broad cross-company cost cutting effort.

 (b) any requirement that Executive engage in any illegal or unethical conduct, after Executive has given the
Company 30 days’ notice and opportunity to cure; 
 (c) the Company’s failure to fully cure within
thirty (30) days any material breach by the Company of this Agreement, or any other agreement between Executive and the Company, of which Executive has notified the Board in writing; 

(d) a relocation of Executive’s principal place of employment by more than fifty (50) miles. 

Executive shall be deemed to be disabled if a majority of the Board (excluding Executive) determines in good faith that Executive is
unable to perform the essential functions of his position with Company, even with reasonable accommodation, for a period of not less than ninety (90) consecutive days, due to a mental or physical illness or incapacity (hereafter
“Disability”). 
 “Cause” for termination of your employment means: (a) gross misconduct,
personal dishonesty, fraud or material misrepresentation in the performance of your duties or responsibilities to the Company under this Agreement that results from a willful act or omission by you; (b) conviction of (or entry of a plea of
guilty to) a felony, or a misdemeanor involving moral turpitude; or (c) willful and material failure to perform your job duties to the Company; or (d) willful refusal to carry out a lawful directive of the Board that is consistent with
your position and responsibilities, except where such failure or refusal results from your death, Disability (as defined in herein) or Constructive Termination (as defined herein); provided, however, that the conduct, event or condition specified in
subsections (c) or (d) of this paragraph shall only 

  
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constitute “Cause” if a majority of the Board (excluding Executive) determines in good faith that Executive has not cured the conduct, event or condition within a reasonable period of
not less than 30 days after receipt of written notice from the Company. No act or failure to act shall be considered “willful” unless it is done, or omitted to be done, intentionally, in bad faith, and without reasonable belief that the
action or omission was in the best interest of the Company. 
 4. Employee Benefits. 

a. You will be eligible to participate in the employee benefit plans maintained by the Company that are applicable to
other senior management to the full extent provided for under those plans. These plans shall provide a level of medical and dental health insurance coverage for your and your dependents that is not materially different from that you now have.

 b. In addition, the Company agrees to reimburse you, for so long as your remain an employee of the Company, in
an amount not to exceed $5,000 per year for any life insurance and long-term disability coverage that you may obtain personally. 
 c. The Company shall provide parking for you in the immediate vicinity of its office at its expense. 
 d. You will be eligible for 4 weeks vacation each year of employment and for such holidays as are customary for senior executives of the Company. 

5. Indemnification. To the maximum extent permitted by law, the Company shall indemnify and defend you from all costs, expenses
and losses whether direct or indirect, including consequential damages and attorneys’ fees, actually and necessarily incurred or sustained by you during or after the term of your service to the Company by reason of any claim or cause of action
arising from or relating to the discharge of your duties made in good faith while performing services for the Company. To the extent you are eligible under the terms of such policies, you shall be covered by any and all insurance policies of the
Company for indemnification of its directors and officers. The Company will advance any expenses for which indemnification is available to the extent allowed by applicable law. 

6. General Release. Any other provision of this Agreement notwithstanding, you shall not be entitled to the severance benefits set
forth below unless you entered into mutual agreements with the Company (i) to release all known and unknown claims that you may then have against the Company or persons affiliated with the Company, provided, however, that you will not be
required to release any claims with respect to any then-unpaid deferred compensation earned under the terms of the Arrangement; and (ii) not to prosecute any legal action or other proceeding based upon any of such claims. 

  
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 7. Involuntary Termination Benefits. In the event you experience an Involuntary
Termination at any time during your employment with the Company (or any successor to the Company) within one (1) year from your Start Date, and provided you execute the mutual general release described above, you will be entitled to receive a
severance benefit comprising i) twelve months’ Base Salary, ii) the immediate vesting of one additional year of unvested Options and Restricted Stock, iii) extension of the exercise period for all options to at least twelve (12) months
after the termination date, and iv) the Company will pay the applicable COBRA premiums to maintain the level of medical and dental health insurance benefits for you and your dependents in effect on your last day of employment for twelve
(12) months after the termination date. 
 In the event you experience an Involuntary Termination more than one
(1) year from your Start Date, and within one year following a Change of Control, provided you execute the mutual general release described above, you will be entitled to receive a severance benefit comprising i) twelve months’ Base
Salary, and ii) the Company will pay the applicable COBRA premiums to maintain the level of medical and dental health insurance benefits for you and your dependents in effect on your last day of employment for twelve (12) months after the
termination date. 
 In the event you experience an Involuntary Termination at any lime during your employment with the Company
(or any successor to the Company) that is more than one (1) year from your Start Date and neither 2 months prior to nor within one year following a Change of Control, and provided you execute the mutual general release described above, you will
be entitled to receive a severance benefit comprising i) six months’ Base Salary, ii) the immediate vesting of one additional year of unvested Options and Restricted Stock, iii) extension of the exercise period for all options to at least
twelve (12) months after the termination date, and iv) the Company will pay the applicable COBRA premiums to maintain the level of medical and dental health insurance benefits for you and your dependents in effect on your last day of employment
for twelve (12) months alter the termination date. 
 “At-Will” Employment 

Subject to the terms of this Agreement, your employment with the Company shall be for no specified period or term and shall constitute
“at-will” employment, which means that either you or the Company may terminate your employment at any time, for any or no reason, with or without cause (but subject to the obligations set forth in this Agreement). Any contrary
representations that may have been made to you shall be superseded by this Agreement. This Agreement shall constitute the full and complete agreement between you and the Company on the “at-will” nature of your employment, which may only be
changed in an express written agreement signed by you and another authorized officer of the Company. 

  
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 No Inconsistent Obligations 
 By accepting this offer of employment, you represent and warrant to the Company that you arc under no obligations or commitments, whether contractual or otherwise, that are inconsistent with your
obligations set forth in this Agreement. You also represent and warrant that you will not use or disclose, in connection with your employment by the Company, any trade secrets or other proprietary information or intellectual property in which you or
any other person has any right, title or interest, and that your employment by the Company as contemplated by this Agreement will not infringe upon or violate the rights of any other person or entity. You represent and warrant to the Company that
you have returned all property and confidential information relating to any prior employers. 
 Conditions of Employment 

This entire agreement will be in effect, and will be treated as having been in effect as of the Start Date upon: (a) signing and
delivering to me the Company’s standard form of Proprietary Information and Inventions Agreement; and (b) you providing the Company with legally-required proof of your identity and authorization to work in the United States. 

Applicable Law; Severability 
 This Agreement shall be governed by the laws of the State of California, without reference to rules relating to conflicts of law. In the event that any provision of this Agreement becomes or is declared
by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 
 Successors and Assigns 
 This Agreement shall be binding on, and shall inure
to the benefit of, the parties hereto and their respective heirs, legal representatives, successors and assigns; provided, however, that you may not assign, transfer or delegate your rights or obligations under this Agreement and any attempt to do
so shall be void. 
 Entire Agreement 
 This Agreement sets forth our entire agreement and understanding regarding the terms and conditions of your employment with the Company, and supersedes any prior representations or agreements, whether
written or oral. This Agreement may not be modified in any way except in writing signed by a nonemployee member of the Board on behalf of the Company and you, and approved by the Board of Directors of the Company. To the extent any provision of this
agreement conflicts with that of any other legal agreement (e.g., Stock Option Plan, Stock Option Agreement, etc.) that affects your employment or compensation, the provision that is most beneficial to you shall apply. 

If the foregoing terms and conditions arc acceptable to you, please indicate your acceptance of this offer of employment by signing in
the space provided below, and delivering 

  
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the executed original to me along with your executed originals of the Proprietary Information and Inventions Agreement. We look forward to you accepting our offer and becoming the Company’s
Chief Executive Officer and President. 
 Sincerely, 
 Savage Beast Technologies Incorporated 
  

					
	By:	 	
/s/ Larry Marcus                
                                         
   
	 	    7/13/04
		 	Larry Marcus, Member of the Board of Directors

  
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 I have read and accept this employment offer. This Agreement sets forth the complete
agreement between me and the Company regarding the subject matter hereof and supersedes any and all prior representations between me and the Company, whether written or oral. 

 

							
	 /s/ Joe Kennedy
                                         
               
	 		 	 7/12/2004
	 	
	Joe Kennedy	 		 	Date	 	

  
 8Employment Agreement with Tim Westergren

 EXHIBIT 10.7 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement
(“Agreement”) is made and entered into effective as of April 28, 2004 (“Effective Date”), by and between Tim Westergren (“Executive”) and Savage Beast Technologies
Incorporated, a California corporation (the “Company”) (collectively the “Parties”). 
 In consideration of the mutual covenants and promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as
follows: 
 1. Position and Duties. Executive shall serve as the President of the Company, working
primarily out the Company’s offices in Oakland, California. Executive shall have the duties, responsibilities and authority customarily associated with his title and office. 

2. Compensation and Benefits. 

(a) Base Salary. The Company shall pay Executive a salary of $7,291.66 per semi-monthly pay period
($175,000 annualized), less applicable withholdings and deductions (“Base Salary”). Executive’s Base Salary shall be reviewed by the Board at least annually. 

(b) Discretionary Founder Payment. Executive will also be eligible for an annual discretionary cash
bonus of up to $50,000 based on Executive’s individual contribution and MBO plan to the Company during each calendar year of Executive’s employment. The amount of any discretionary payment shall be determined by the Board and, where
awarded, shall be paid in full by the Company within 30 days after calendar year-end. 
 (c) Stock
Options. 
 (i) Initial Grant. As of the Effective Date, the Company shall grant to
Executive a stock option to purchase such number of shares of the Company’s common stock as equals nine and sixty seven hundredths percent (9.67%) of the Company’s total “Outstanding Stock” (defined below) as
calculated immediately following the final closing of the Company’s next round of financing (currently anticipated to be in the form of Series B Preferred Stock) in which the Company raises, through all closings thereof, aggregate gross
proceeds of at least $5 million which number of shares will be reduced by 164,000 shares (such number has been adjusted for the Reverse Split (as defined under the Company’s Second Amended and Restated Articles of Incorporation), but is subject
to adjustment for any subsequent stock splits, stock dividends, combinations, reorganizations or like transactions) (“Initial Grant”). The exercise price of the Initial Grant shall be equal to the fair market value per share
of the Company’s common stock as of the Effective Date, currently expected to be no greater than one and one quarter ($.0125) per share. As used in this 

 
Agreement, the calculation of the Company’s total “Outstanding Stock” will include, in addition to all shares of common stock, all then-outstanding shares of preferred stock on an
as-converted basis, all then-outstanding options on an as-exercised basis and all then-outstanding warrants on an as-exercised (and, if applicable, as-converted) basis, and any authorized but unissued option shares in the Company’s employee
stock option pool. Thirty-eight percent (38%) of the Initial Grant shall be fully vested upon grant. The remaining sixty-two percent (62%) of the Initial Grant will vest in equal monthly installments over the four year period commencing on
March 18, 2004. 
 (ii) Nature of Options. The Initial Grant and any other stock option grants
made to Executive as specified in this Agreement will be incentive stock options to the maximum extent allowed by law and will be subject to the terms of the Company’s 2003 Stock Plan and a Stock Option Agreement between Executive and the
Company (including any related notice of stock option grant), which shall be consistent with the provisions in this Agreement. A full recourse five-year promissory note (“Promissory Note”) will be deemed an acceptable form of
payment by Executive. The Promissory Note will be secured by the shares that it is used to purchase and shall become due and payable on the earlier of (a) the Company’s filing for an initial public stock offering, (b) the
Company’s agreement to be acquired by a publicly traded company, (c) an event that would trigger an adverse accounting charge relating to the Note, and (d) five (5) years from execution of the Promissory Note. Any Stock Option
Agreements shall also permit up to 15% transfer of any of the shares to a trust for the benefit of Executive or any of Executive’s family members unless otherwise specified by the Board; provided that such transferred options shall retain the
same vesting terms and conditions. In addition, the Stock Option Agreements shall provide that following Executive’s termination date, Executive may exercise the stock options at any time until the end of the term of the stock options; provided
that such period of exercisability will terminate upon the closing of a Change of Control (as defined herein) unless the acquirer of the Company in such Change of Control specifically agrees to permit continued exercisability. In the event that such
period of exercisability would terminate upon the closing of a Change of Control, the Company agrees, upon the request of Executive, to amend the Stock Option Agreements effective not later than five days prior to the closing of such Change of
Control to add a “net exercise” feature to the Stock Option Agreements; provided that if the board of directors of the Company determines in its discretion that such amendment would trigger adverse accounting consequences for the Company
or the acquirer, then no such net exercise feature shall be added. The Initial Grant and any subsequent stock or stock options that may be granted to Executive by the Company are in addition to any stock (common or preferred) owned by Executive as
of the closing of the financing round described in paragraph 2(c)(i) (“Founder’s Shares”) and nothing in this Agreement will affect Executive’s rights to such Founder’s Shares. The
Promissory Note can only be used to purchase vested shares. 

  
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 (iii) Subsequent Option Grants. In addition, for calendar
years 2004 and 2005, at the discretion of the Board, Executive may be eligible to receive additional grants of stock options or stock purchase rights of up to 1/2% of the Company’s total Outstanding Stock as of the final closing of Series B
based on Executive’s individual contribution and MBO plan to the Company during each such calendar year. The amount of any discretionary grant shall be determined by the Board and, where awarded, shall be awarded in full by the Company within
30 days after calendar year-end. 
 (d) Additional Benefits. Executive shall be eligible for such
employee benefits and holidays as are customary for senior executives of the Company. The Company acknowledges that Executive is covered by the indemnification provisions of the Company’s Certificate of Incorporation. The Company will also use
its best efforts to obtain and maintain, at its sole expense, director and officer liability insurance, for the period of Executive’s service as an officer and/or director and for so long thereafter as Executive may be subject to a claim,
covering any acts or omissions by Executive in Executive’s capacity as a director or officer of the Company or any parents, subsidiaries, affiliates predecessors or successors in interest or any other service by Executive at the request of the
Company unless such coverage has a commercially unreasonable price or burden on the company. 
 (e)
Business Expenses. Executive is authorized to incur any reasonable travel, entertainment or other business expenses in connection with his employment hereunder and the Company shall promptly reimburse Executive for all such expenses
upon his submission of appropriate supporting documentation. 
 (f) Tax and Legal Advice. Within
fourteen (14) days of Executive submitting a request for reimbursement to the Company, the Company will reimburse Executive in full for any and all reasonable costs and fees Executive incurs for services of an attorney and/or tax advisor to
assist in the review and/or negotiation of this Agreement, not to exceed $5,000. 
 3. At-Will Employment. Subject
to the Termination and Severance provisions herein, Executive’s employment with the Company is “at will,” which means that either Executive or the Company may terminate Executive’s employment at any time, for any or no reason,
with or without Cause. Any contrary representations that may have been made or may be made to Executive at any time shall be superseded and governed by this Section 3. 
 4. Termination and Severance. 
 (a)
Definitions. For purposes of this Agreement, 
 (i) “Cause” means
Executive’s: (a) gross misconduct, personal dishonesty, fraud or material misrepresentation in the performance of Executive’s duties or responsibilities to the Company under this Agreement that results from a willful act or omission
by Executive; (b) conviction of (or entry of a plea of guilty to) a felony, or a misdemeanor involving moral turpitude; or (c)

  
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willful and material failure to perform Executive’s job duties to the Company; or (d) willful refusal to carry out a lawful directive of the Board that is consistent with
Executive’s position and responsibilities, except where such failure or refusal results from Executive’s death, Disability (as defined in herein) or Constructive Termination (as defined herein); provided, however, that the conduct, event
or condition specified in subsections (c) or (d) of this paragraph shall only constitute “Cause” if a majority of the Board (excluding Executive) determines in good faith that Executive has not cured the conduct, event or
condition within a reasonable period of not less than 30 days after receipt of written notice from the Company. No act or failure to act shall be considered “willful” unless it is done, or omitted to be done, intentionally, in bad faith,
and without reasonable belief that the action or omission was in the best interest of the Company. 
 (ii)
“Constructive Termination” means Executive’s resignation from Executive’s employment with the Company within twelve (12) months after any of the following: 

(A) any reduction of Executive’s base salary which is not part of a broad cross-company cost cutting effort.

 (B) any requirement that Executive engage in any illegal or unethical conduct, after Executive has given the
Company 30 days’ notice and opportunity to cure; 
 (C) the Company’s failure to fully cure within
thirty (30) days any material breach by the Company of this Agreement, or any other agreement between Executive and the Company, of which Executive has notified the Board in writing; 

(D) a relocation of Executive’s principal place of employment by more than fifty (50) miles. 

(iii) Executive shall be deemed to be disabled if a majority of the Board (excluding Executive) determines in good faith
that Executive is unable to perform the essential functions of his position with Company, even with reasonable accommodation, for a period of not less than ninety (90) consecutive days, due to a mental or physical illness or incapacity
(hereafter “Disability”). 
 (b) Termination for Cause, Voluntary
Termination. If the Company terminates Executive’s employment for Cause or if Executive voluntarily resigns from his employment with the Company (other than pursuant to a Constructive Termination), then Executive shall not be
entitled to receive payment of, and the Company shall have no obligation to pay, any severance other than: (i) the portion of the Base Salary then earned but unpaid; (ii) a pro rata share of any Annual Founder payment for the calendar year
in which Executive’s employment terminates; (iii) vested benefits under any applicable employee benefit plan or as otherwise specified herein (including without 

  
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limitation any accrued but unused paid time off); and (iv) any unreimbursed business expenses incurred by Executive as of the date of such termination. 

(c) Termination Without Cause, Constructive Termination. In the event Executive’s employment with the
Company is terminated by the Company without Cause, or as a result of Executive’s Constructive Termination: 

(i) Executive will receive from the Company, within fourteen (14) days after Executive’s termination date, a
lump sum cash payment equal to three (3) months of Executive’s most recent Base Salary, less applicable withholdings and deductions; 
 (ii) The Company will pay the applicable COBRA premiums to maintain the level of health insurance benefits for Executive and his dependents in effect on Executive’s last day of employment for twelve
(12) months after the termination date; and 
 (iii) Executive will be entitled to an additional twelve
(12) months of vesting on his options and/or restricted stock as of Executive’s termination date. 

(d) Death or Disability. In the event of Executive’s death or Disability while employed by the Company,
Executive (or, as appropriate, his heirs) be entitled to an additional twelve (12) months of vesting on his options and/or restricted stock. 
 (e) Additional Conditions. Executive’s receipt of the severance benefits described in paragraphs 4(c) and 4(d) herein will be conditioned on: (i) execution by Executive (or, if
applicable, the executor of his estate) of a mutual general release of claims, in the form attached hereto as Exhibit A; and (ii) Executive’s resignation from any position on the Board. 

5. Nonsolicit. Executive agrees not to solicit the Company’s employees or customers for a period of twelve
(12) months after termination of employment with the Company. 
 6. Change of Control. 

(a) Definition. As used in this Agreement, “Change of Control’ shall mean
the sale, conveyance, or other disposal of all or substantially all of the Company’s property or business, or the merger with or into or consolidation with any other Company, limited liability company or other entity (other than a wholly-owned
subsidiary of the Company); provided that none of the following shall be considered a Change of Control: (i) a merger effected exclusively for the purpose of changing the domicile of the Company, (ii) an equity financing in which the
Company is the surviving entity, or (iii) a transaction in which the shareholders of the Company immediately prior to the transaction own 45% or more of the voting power of the surviving entity following the transaction. 

  
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 (b) Partial Acceleration upon Change of Control. In the event
of a Change of Control, 33% of Executive’s unvested stock options and/or restricted stock will vest immediately. In the event of a Change of Control, if Executive is subsequently terminated without Cause or through Constructive Termination
within one year of the consummation of the Change of Control, Executive’s stock options and/or restricted stock will immediately vest in full. 
 7. Confidential Information and Invention Assignment Agreement. Executive will sign a Confidential Information and Invention Assignment Agreement in the form attached hereto as Exhibit B.

 8. Miscellaneous Provisions. 

(a) No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated
by this Agreement (whether by seeking new employment or in any other manner), nor, except as otherwise provided in this Agreement, shall any such payment be reduced by any earnings that Executive may receive from any other source. 

(b) Amendments and Waivers. Any term of this Agreement may be amended or waived only with the written
consent of the parties. This Agreement may only be modified, or any specific requirements waived, in writing signed by Executive and a duly authorized representative of the Company. No waiver by any party hereto of any term or condition of this
Agreement, in any one or more instances, shall be deemed to be or construed as a waiver of the same or any other term or condition of this Agreement on any future occasion. 

(c) Successors. This Agreement will inure to the benefit of and be binding upon the heirs, representatives,
successors and assigns of each of the parties to it. 
 (d) Entire Agreement. This Agreement,
including any Exhibits hereto, constitutes the sole and entire agreement of the parties pertaining to its subject matter and supersedes any prior or contemporaneous negotiations, representations, promises, agreements, or understandings of the
parties with respect to the subject matter hereof, whether written or oral. The parties acknowledge that they have not relied on any promise, representation or warranty, express or implied, that is not contained in this Agreement. Parol evidence
will be inadmissible to show agreement by and among the parties to any term or condition contrary to or in addition to the terms and conditions contained in the Agreement. 

(e) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed
sufficient upon receipt, when delivered personally or by a nationally-recognized delivery service (such as Federal Express or UPS), or forty-eight (48) hours after being deposited in the U.S. mail as certified or registered mail with postage
prepaid, if such notice is addressed to the party to be notified at such party’s address as set forth below or as subsequently modified by written notice. 

  
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 (f) Choice of Law. This Agreement will in all respects be
interpreted, enforced and governed by and under the laws of the State of California, without regard to the conflicts of laws rules thereof. In interpreting the language of the Agreement all parties to the Agreement shall he treated as having drafted
the Agreement after meaningful negotiations. 
 (g) Attorney’s Fees. In the event of any
litigation arising from or relating to this Agreement, the prevailing party in such litigation proceedings shall be entitled to recover, from the non-prevailing party, the prevailing party’s reasonable costs and attorneys’ fees, in
addition to all other legal or equitable remedies to which the prevailing party may otherwise be entitled. All remedies, either under this Agreement or by law or otherwise afforded, will be cumulative and not alternative. 

(h) Severability. If one or more provisions of this Agreement are held to be void or unenforceable under
applicable law, the parties agree to renegotiate such provision in good faith and the remaining provisions shall remain in full force and effect as set forth herein. In the event that the parties cannot reach a mutually agreeable and enforceable
replacement for any provision held to be unenforceable under applicable law, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and
(iii) the balance of the Agreement shall be enforceable in accordance with its terms. 
 (i)
Headings. The headings used in this Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof. 

(j) Counterparts. This Agreement may be executed in counterparts and by facsimile, each of which will be
deemed an original, but all of which together will constitute one and the same instrument. 

  
 -7-

 The parties have executed this Agreement the date first written above. 

 

			
	SAVAGE BEAST TECHNOLOGIES INCORPORATED
		
	By:	 	 /s/ Will Glaser

	Name:	 	 Will Glaser

	Title:	 	 COO

			
		
	Address:	 	 360 22nd Street, Suite 390

Oakland, CA 94612

  

			
	EXECUTIVE
	
	 /s/ Tim Westergen

	            Tim Westergen

  
 -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]