Document:

EX-10.11

 Exhibit 10.11 

ALPHA TEKNOVA, INC. 

January 14, 2019 
 Irene Davis 

2290 Bert Dr. 
 Hollister, CA 95023 

Dear Irene: 
 Alpha Teknova, Inc., a Delaware
corporation (the “Company”), is pleased to confirm the new terms of your employment with the Company as described below, subject to and effective as of the closing of the Series A Preferred Stock investment and common stock
repurchase (collectively, the “Transactions”). In the event the Transactions are not otherwise consummated, the offer extended in this letter and this letter agreement shall be null and void. 

1.    Position. You will start in a full-time position as Chief Operating Officer and you will report
to the Company’s Chief Executive Officer and the Company’s Board of Directors (the “Board”). By signing this letter, you confirm with the Company that you are under no contractual or other legal obligations that would
prohibit you from performing your duties with the Company. 
 2.    Base Salary. You will be paid a
starting salary at the rate of $225,000 per year, which will be paid in accordance with the Company’s standard payroll policies and subject to applicable withholdings and other required deductions. 

3.    Target Bonus. In addition, commencing with the 2019 calendar year, you will be eligible to earn
an annual target bonus equal to up to 33% of your annual base salary each calendar year during your employment with the Company based upon the achievement of certain performance goals to be mutually agreed upon between you and the Board (the
“Target Bonus”). The Company will determine whether you have earned such Target Bonus (including whether the Company’s and your established performance objectives have been met) in its sole and absolute discretion, which
determination will be final and binding. The payment of any bonus shall be subject to your continued employment through the date of payment by the Company. 

4.    Employee Benefits/Vacation. As a regular employee of the Company, you will be eligible to
participate in the employee benefit plans and programs, if any, currently and hereafter maintained by the Company and generally available to similarly situated employees of the Company, subject in each case to the terms and conditions of the plan in
question, including any eligibility requirements set forth therein, and the determination of any person or committee administering the plan. In addition, you shall be eligible to take a number of days of vacation, holidays and other days off in
accordance with your past practice with the Company. Notwithstanding the foregoing, the Company reserves the right to modify or terminate benefits from time to time as it deems necessary or appropriate; provided, however, that in no event shall such
the benefits provided to you under such employee benefit plans and programs be reduced from those historically offered to you by the Company or as described on Exhibit A. 

 5.    Business Expenses. The Company will reimburse
you for your necessary and reasonable business expenses and certain other expenses set forth on Exhibit A, in each case, incurred in connection with your duties hereunder upon presentation of an itemized account and
appropriate supporting documentation, all in accordance with the Company’s generally applicable policies. In addition, all lease and insurance expenses for your Tesla Model S (and any new car following the expiration or termination of the
vehicle lease for such car, which shall be at least the same type and quality as the Tesla Model S) shall be paid by the Company or reimbursed by the Company to you. 

6.    Severance. If you experience an involuntary separation from service (as defined in Treasury Regulation
1.409A-1(n)) by the Company (or a successor, if appropriate) without Cause (as defined below) or as a result of your resignation for Good Reason (as defined below) (such termination or resignation, an
“Involuntary Termination”), and provided you comply with the Conditions (as defined below), then you shall be entitled to receive the following payments and benefits: 

(a)    Compensation Severance. The Company shall pay you severance pay equal to $100,000 payable over
a period of six (6) months following the date of such termination, subject to all applicable withholdings. The severance will be paid in accordance with the Company’s standard payroll procedures on the Company’s regularly scheduled
payroll dates, commencing with the first regularly scheduled payroll date that occurs on or after the Deadline Date (as defined below), with the first payment being equal to the total payments that would have been paid had payments commenced on the
first payroll date on or after the date of such Involuntary Termination. 
 (b)    COBRA Severance.
If you timely elect to continue your health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following your Involuntary Termination, then the Company will reimburse you for 100% of your monthly
premiums due for such COBRA coverage from the first date on which you lose health coverage as an employee of the Company until the earliest of (i) the date that is six (6) months following your termination date, (ii) the expiration of
your continuation coverage under COBRA or (iii) the date when you are eligible to receive substantially equivalent group health insurance coverage in connection with new employment. 

For purposes of this letter agreement, “Cause” will mean: (i) any material breach by you of any material written
agreement between you and the Company and your failure to cure such breach within 30 days after receiving written notice thereof; (ii) your failure to comply with the Company’s material written policies or rules as they may be in effect
from time to time that results in, or is reasonably expected to result in, material harm to the business or reputation of the Company; (iii) neglect or persistent unsatisfactory performance of your duties and your failure to cure such condition
within 30 days after receiving written notice thereof; (iv) your repeated failure to follow reasonable and lawful instructions from the Board or Chief Executive Officer and your failure to cure such condition within 30 days after receiving
written notice thereof; (v) your conviction of, or plea of guilty or nolo contendere to, any crime involving moral turpitude that results in, or is reasonably expected to result in, material harm to the business or reputation of the Company;
(vi) your commission of or participation in an act of fraud against the Company; (vii) your intentional material damage to the Company’s business, property or reputation; or (viii) your unauthorized use or disclosure of any
proprietary information or trade secrets of the Company or 

  
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any other party to whom you owe an obligation of nondisclosure as a result of your relationship with the Company. For purposes of clarity, a termination without “Cause” does not include
any termination that occurs as a result of your death or disability. 
 For purposes of this letter agreement, “Conditions”
will mean (i) you have returned all Company property in your possession within ten (10) business days following the date of your Involuntary Termination, and (ii) you have executed a full and complete general release of all claims
that you may have against the Company or persons affiliated with the Company in the Company’s standard form provided by the Company and such release has become effective no later than the 30th day after the date of your Involuntary Termination
(the “Deadline Date”). 
 For purposes of this letter agreement, “Good Reason” means your resignation due
to the occurrence of any of the following conditions which occurs without your written consent, provided that the requirements regarding advance notice and an opportunity to cure set forth below are satisfied: (i) your then-current base salary
is reduced by more than 10% or the benefits and business expenses to which you are entitled under this letter agreement are materially reduced (other than as part of an
across-the-board salary and benefits reduction applicable to all similarly situated employees); (ii) a material reduction of your duties, authority, responsibilities or
reporting relationship, relative to your duties, authority, responsibilities or reporting relationship as in effect immediately prior to such reduction; or (iii) the Company (or its successor) conditions your continued service on you being
transferred to a site of employment that would increase your one-way commute by more than 50 miles from your then-principal residence. In order for you to resign for Good Reason, you must provide written
notice to the Company of the existence of the Good Reason condition within 90 days of the initial existence of or (if not apparent) within 90 days of your discovery of the existence of such Good Reason condition. Upon receipt of such notice, the
Company will have 30 days during which it may remedy the Good Reason condition and not be required to provide for the severance described herein as a result of such proposed resignation. If the Good Reason condition is not remedied within such 30
day period, you may resign based on the Good Reason condition specified in the notice effective no later than 60 days following the expiration of the Company’s 30-day cure period. 

For purposes of Internal Revenue Code Section 409A, the regulations and other guidance thereunder and any state law of similar effect
(collectively “Section 409A”), each payment that is paid pursuant to this letter agreement is hereby designated as a separate payment. The parties intend that all payments made or to be made under this letter
agreement comply with, or are exempt from, the requirements of Section 409A so that none of the payments or benefits will be subject to the adverse tax penalties imposed under Section 409A, and any ambiguities herein will be interpreted to
so comply or be so exempt. 
 7.    Confidential Information and Invention Assignment Agreement.
Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s enclosed standard Confidential Information and Invention Assignment Agreement, a copy of which is attached hereto as
Attachment A. 
 8.    Employment Relationship. Employment with the
Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the Company (subject to the limitations set forth in Section 5.4(a) of the Company’s Investors’ Rights
Agreement) may terminate your employment at any time and for any reason, with or 

  
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without cause or notice. Any contrary representations which may have been made to you are superseded by this offer. This is the full and complete agreement between you and the Company on this
term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express
written agreement signed by you and the Company’s Chief Executive Officer. 
 9.    Outside
Activities. In addition, while you render services to the Company, you will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the
Company. 
 10.    Taxes, Withholding and Required Deductions. All forms of compensation referred
to in this letter are subject to all applicable taxes, withholding and any other deductions required by applicable law. 

11.    Miscellaneous. 

(a)    Governing Law. The validity, interpretation, construction and performance of this letter, and
all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of state of California, without giving effect to principles of conflicts of law.

 (b)    Entire Agreement. This letter sets forth the entire agreement and understanding of the
parties relating to the subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or written, between them relating to the subject matter hereof, including (without limitation) any
employment agreement or offer letter entered into by and between you and the Company (or any predecessor to the Company). 

(c)    Counterparts. This letter may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, and all of which together shall constitute one and the same agreement.    Execution of a facsimile copy will have the same force and effect as execution of an original, and a
facsimile signature will be deemed an original and valid signature. 
 (d)    Electronic Delivery.
The Company may, in its sole discretion, decide to deliver any documents or notices related to this letter, securities of the Company or any of its affiliates or any other matter, including documents and/or notices required to be delivered to you by
applicable securities law or any other law or the Company’s Certificate of Incorporation or Bylaws by email or any other electronic means. You hereby consent to (i) conduct business electronically (ii) receive such documents and
notices by such electronic delivery and (iii) sign documents electronically and agree to participate through an on-line or electronic system established and maintained by the Company or a third party
designated by the Company. 
 [Signature Page Follows] 

  
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 If you wish to accept this offer, please sign and date this letter and the enclosed
Confidential Information and Invention Assignment Agreement and return them to me. As required by law, your employment with the Company is also contingent upon your providing legal proof of your identity and authorization to work in the United
States. In addition, the Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, may be contingent upon a clearance of such a background investigation
and/or reference check, if any. 
  

			
	Very truly yours,
	
	ALPHA TEKNOVA, INC.
	
	 /s/ Thomas Davis

	Name:	 	Thomas E. Davis
	Title:	 	Chief Executive Officer

  

	
	ACCEPTED AND AGREED:
	
	IRENE DAVIS
	
	 /s/ Irene Davis

	(Signature)
	
	 January 14, 2019

	Date

  

	
	 Enclosure:
  

	 Exhibit A:   Authorized Expenses

 

	 Attachment A:   Confidential Information and Invention Assignment
Agreement

  
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 EXHIBIT A 

BENEFITS AND EXPENSES 
 The Company
shall pay 100% of your costs for medical and dental benefits and an annual Health Savings Account (“HSA”) contribution if you chose an HSA medical plan. 

Days during which you conduct Company business away from the Company’s facilities shall not be considered vacation, holiday or days off. 

Business expenses include all expenses related to attending conferences and customer meetings, including expenses relating to: 

 

	 	•	 	 Air fare 

  

	 	•	 	 Car rental 

  

	 	•	 	 Hotel 

  

	 	•	 	 Meals 

  

	 	•	 	 Mileage 

  

	 	•	 	 Parking, tolls, taxi 

  

	 	•	 	 Other miscellaneous expenses 

Non-travel business expenses include: 
  

	 	•	 	 Auto expenses 

  

	 	•	 	 Cell phone expenses 

  

	 	•	 	 Life insurance premiums 

 

	 	•	 	 Meals and entertainment 

  
 -6-EX-10.12

 Exhibit 10.12 

 
 

 
 August 18, 2020 

Damon A. Terrill 
  

	Re:	 Offer of Employment 

Dear Damon: 
 Alpha Teknova, Inc. (“Company”) is
pleased to offer you the position of General Counsel & Chief Administrative Officer, initially reporting to Stephen Gunstream. Your primary job duties and responsibilities shall include overseeing the legal and administrative operations
within our organization. Your anticipated starting date will be August 31, 2020. This offer and your employment relationship will be subject to the terms and conditions of this letter. 

1.    Compensation. If you decide to join us, your initial salary will be $225,000 per year, less applicable withholdings, paid in
accordance with Company’s normal payroll practices. Future adjustments in compensation, if any, will be made by Company in its sole and absolute discretion. 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 work day or 40 hours in a workweek. 

2.    Benefits. You will also be eligible for all fringe benefits available to other full-time Company employees, including
medical, dental and vision programs, PTO at the immediate rate of 3 weeks per year (accrued at 4.62 hours per pay period), and 401k plan, in accordance with Company’s benefit plans. Company reserves the right to change or eliminate these
benefits on a prospective basis at any time. 
 3.    Stock Options. In addition, subject to the approval of
Company’s Board of Directors (the “Board”), you will be granted an incentive stock option to purchase 93,000 shares of Company’s common stock (the “Option”) in accordance with Company’s 2020 Equity Incentive Plan
(as amended, the “Plan”) and related stock option documents. The Option will have an exercise price per share equal to the fair market value of one share of the Company’s common stock on the date of grant of the Option, as determined
by the Board. As a condition of receipt of the Option, you will be required to sign Company’s standard form of stock option agreement (the “Agreement”) and the Option will be subject to the terms and conditions of the Plan and the
Agreement. The Option will vest over a four-year period from your employment start date, subject to your continued employment with the Company, with 25% of the shares subject to the Option becoming vested on the first year anniversary of your
employment start date and the remainder vesting in equal monthly installments over the subsequent 36 month period. 
 4.    No
Violation of Rights of Third Parties. By accepting this offer, you represent that you are not a party to any other agreement which will interfere with your ability to fully and satisfactorily provide the services for which you are being employed
by Company. During your employment with Company, you will not breach any agreement between you and any third party to keep in confidence proprietary information, knowledge or data belonging to that third party that was acquired by you prior to your
employment with Company. In addition, you agree that you will not disclose to Company, or induce Company to use, any confidential or proprietary information or material belonging to any previous employer or others. You agree not to enter into any
agreement, whether written or oral, in conflict with your promises in this provision. 

5.    At-Will Employment. If you accept our offer, your employment with Company will be “at-will.” This means your employment is not for any specific period of time and can be terminated by you at any time for any reason. Likewise, Company may terminate the employment relationship at any
time, with or without cause or advance notice. In addition, Company reserves the right to modify your position, duties and reporting relationship to meet business needs and to use its managerial discretion in deciding on appropriate discipline. Any
change to the at-will employment relationship must be by a specific, written agreement signed by you and Company’s Chief Executive Officer. 

  
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2290 Bert Drive Hollister, California. 95023 

Tel: 831.637.1100     Fax: 831.637.2355 www.teknova.com 

 

 
  

 6.    No Conflict of Interest. During your employment with the Company, you agree
that you will not engage in any work, paid or unpaid, that creates an actual conflict of interest with the Company. Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an
officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which the Company is now engaged or in which the Company
becomes engaged during your employment with the Company, as may be determined by the Company in its sole discretion. If the Company believes such a conflict exists, the Company may ask you to choose to discontinue the other work or resign employment
with the Company. 
 7.     Contingencies. This offer is contingent upon the following: 

 

	 	•	 	 Signing Company’s Employee Proprietary Information and Inventions Agreement (See enclosed).

  

	 	•	 	 Signing Company’s Arbitration Agreement (See enclosed). 

 

	 	•	 	 Compliance with federal I-9 requirements (please bring suitable
documentation with you on your first day of work verifying your identity and legal authorization to work in the United States). 

  

	 	•	 	 Verification of the information contained in your employment application, including satisfactory references.

  

	 	•	 	 Signing and promptly returning the enclosed Disclosure and Authorization for Background Checking so that our
designated agency may complete a background check before you begin work, and our receipt of satisfactory results from the background check. 

8.    Complete Agreement. This letter, including the enclosed Employee Proprietary Information and Inventions Agreement, the
enclosed Arbitration Agreement, the Plan, the Agreement and other related stock option documents, constitutes the entire agreement between you and Company relating to this subject matter and supersedes all prior or contemporaneous agreements,
understandings, negotiations or representations, whether oral or written, express or implied, on this subject. This letter may not be modified or amended except by a specific, written agreement signed by you and Company’s Chief Executive
Officer. 
 This offer will remain open until August 21, 2020. To indicate your acceptance of Company’s offer on the terms and conditions set
forth in this letter, please sign and date this letter in the space provided below and return it to me no later than August 21, 2020. 
 We hope your
employment with Company will prove mutually rewarding, and we look forward to having you join us. If you have any questions, please feel free to call me
at                    . 
 Sincerely, 

 

	
	 /s/ Stephen Gunstream

	Name: Stephen Gunstream
	Title:   Chief Executive Officer

 *    *    * 

I have read this offer letter in its entirety, and agree to and accept the terms and conditions of employment stated above. I understand and agree that my
employment with Company is at-will. 
  

							
	Dated 8/19/2020                    	 		 	Signature	 	 /s/ Damon Terrill

  
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2290 Bert Drive Hollister, California. 95023 

Tel: 831.637.1100     Fax: 831.637.2355 www.teknova.com

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