Document:

Execution Copy

 

October 25, 2006

Monica L. Greenberg

Dear Monica:

I am pleased to offer you the position of Senior Vice President of Business Affairs & General Counsel of LivePerson, Inc. (“LivePerson”) commencing November 13, 2006. This letter confirms the terms and conditions of our employment offer to you:

	
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You will be paid base salary at an annual rate of $215,000 (two hundred fifteen thousand U.S. dollars) according to our payroll practices. (we currently pay base salary on a semimonthly basis: the 15th and last day of each month).

	
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You will.be eligible to participate in the LivePerson bonus plan, as it exists from time to time under terms comparable to other LivePerson employees of similar role and responsibility. Your target annual bonus for 2006 will be $60,000. Your actual 2006 bonus payout will be determined in the sole discretion of LivePerson based on the profitability of the company as compared to Plan, your individual bonus target (prorated for the portion of 2006 that you are employed at LivePerson as you were hired
after January 1, 2006), and your personal contribution to LivePerson’s efforts as determined by your manager(s) in their sole discretion. Eligibility for and, payment of -such bonus, if any, is conditioned on your being actively employed by LivePerson as of the date the bonus, if any, is paid. Your actual bonus payment is likely to be either greater or less than your target amount based on these criteria. In any year, LivePerson may determine not to pay any bonus based on the above criteria. LivePerson reserves the right to amend or terminate its bonus plan at any time in. its sole discretion.

	
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You will be granted an Unvested option to purchase 50,000 shares of LivePerson common stock at a strike price determined by the LivePerson Board of Directors. This option will be granted under the terms and conditions of the LivePerson Incentive Stock Option Plan (the “Option Plan”) and the Notice of Grant of Stock Option, which will be issued to you at the time of the grant. Unvested options vest in equal increments of 25% annually over four (4) years, beginning on the first anniversary of the grant date.

 

  

  

  

 

	
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You will be eligible for vacation in accordance with LivePerson’s vacation policy as it exists from time to time. You will accrue vacation at the rate of 1.25 days vacation per month, (3 weeks per year), prorated for the portion of the year during which you are employed.

	
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You will be eligible to enroll in the LivePerson health and disability insurance program on the first day of the month on or following your employment start date subject to the terms and conditions of the applicable plans and policies.

	
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You will be eligible to participate in Live Person’s 401(k) savings plan following your employment start date subject to the terms and conditions of the plan.

	
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You will receive further orientation regarding benefits you are eligible for and company policies on or shortly after your start date.

	
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This offer is made contingent upon your successful completion of LivePerson’s pre-employment procedures; including reference checks, background checks and verification of your prior employment and educational history and other information provided by you during the interview process, as well as proof of identity and authorization to work in the United States, as required by law.

	
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By signing this letter you confirm that you are not subject to any agreement, with a prior employer or otherwise, which would prohibit, limit or otherwise be inconsistent with your employment at LivePerson or prevent you from performing your obligations to LivePerson. Additionally, please be advised that it is LivePerson’s corporate policy not to obtain or use any confidential, proprietary information or trade secrets of its competitors or others, unless it is properly obtained from sources permitted to disclose such information. By signing this letter below, you are
acknowledging that you have been advised of this policy and that you accept and will abide by it, and you are also agreeing that you will not use or disclose any confidential or proprietary information of LivePerson to any third party, including any previous or subsequent employer.

	
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To the extent permitted by law, LivePerson will defend, indemnify and hold. you harmless from and against any and .all liabilities, damages, expenses (including reasonable attorneys’ fees and costs), actions or legal proceedings arising directly or indirectly from your performance of your duties as an employee and/or officer of the Company; provided, however, in no event shall LivePerson be required to indemnify or hold you harmless in connection with any actions which relate to or arise out of your recklessness or gross negligence or willful or wanton misconduct. This indemnification is additional to any right of indemnification to which you may

 

  

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be entitled under LivePerson’s Articles of Incorporation and By-laws and any insurance policies that may be maintained by LivePerson.

	
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Your employment with LivePerson is at-will and may be terminated by you or LivePerson at any time with or without cause and with or without notice.

	
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In the event that your employment is involuntarily terminated by LivePerson or any successor entity Without Cause or Constructively Terminated (as such capitalized terms are defined below), you will be eligible to receive the following severance benefits: (i) severance in an amount equal to your then current base salary for a period of six (6) months payable in the form of a lump-sum, cash payment due within thirty (30) days of your date of termination; (ii) pursuant to the terms of the Option Plan, all unvested options to purchase LivePerson stock held by you will automatically and immediately vest and become exercisable upon such termination and remain exercisable for a period ending on the earlier of the one year anniversary of such termination or the expiration of the option term; and (iii) provided you timely elect and are eligible for COBRA; continued enrollment in any health
benefits in place at the time of such termination for six (6) months following such termination at the same cost as for active employees. Your entitlement to COBRA will run concurrently with such severance, and accordingly, the six (6) months of continued health benefits will count against the applicable time period for COBRA. The foregoing severance benefits will be conditioned upon your execution and non-revocation of a general release of claims in favor of LivePerson and its subsidiaries in a reasonable form to be provided by LivePerson.

	
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Following a Change of Control (as defined below), in the event that your employment is involuntarily terminated by LivePerson or the surviving entity Without Cause or Constructively Terminated (as such capitalized terms are defined below) within one (1) year following the date of such Change of Control, you will be eligible to receive the following severance benefits: (i) severance in an amount equal to your then current base salary for a period of nine (9) months payable in the form of a lump-sum, cash payment due within thirty (30) days of your date of termination; (ii) pursuant to the terms of the Option Plan, all unvested options to purchase LivePerson stock held by you will automatically and immediately vest and become exercisable upon such termination and remain exercisable for a period ending on the earlier of the one year anniversary of such termination or the
expiration of the option term; and (iii) provided you timely elect and are eligible for COBRA, continued enrollment in any health benefits in place at the time of such termination for six (6) months following such termination at the same cost as for active employees of the surviving entity. Your entitlement to COBRA will run concurrently with such severance, and accordingly, the six (6) months of continued health benefits will count against the applicable time period for COBRA. The

 

  

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foregoing severance benefits .will be conditioned upon your execution and non-revocation of a general release of claims in favor of LivePerson and its subsidiaries in a reasonable form to be provided by LivePerson.

	
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A termination Without Cause shall be defined as termination of employment other than for death, disability, termination for Cause or any resignation by you. Cause shall be defined as: (i) your failure to substantially perform your duties to LivePerson or any of its subsidiaries, (ii) your conviction of, or plea of nolo contendere to, a felony (regardless of the nature of the felony) or any other crime involving dishonesty, fraud, or moral turpitude, (iii) your gross negligence or willful misconduct (including but not limited to acts of
fraud, criminal activity or professional misconduct) in connection with the performance of your duties and responsibilities to LivePerson or any of its subsidiaries, (iv) your failure to substantially comply with the rules and policies of  LivePerson or any of its subsidiaries governing employee conduct or with the lawful directives of the Board of Directors of LivePerson, or (v) your breach of any non-disclosure, non-solicitation, non-competition or other restrictive covenant obligations to LivePerson or any of its subsidiaries. Constructively Terminated shall be defined as resignation by you as a result of (a) relocation of LivePerson’s primary offices outside a radius that is forty (40) miles from LivePerson’s current offices located at 462
Seventh Avenue, New York, New York 10018; or (b) a material diminution of your job responsibilities (including, but not limited to a reduction in your duties such that you are no longer the most senior level legal officer of LivePerson or a successor entity) or level of authority or base salary without your consent provided you shall give LivePerson written notice within thirty (30) days of the circumstances constituting Constructive Termination and you shall be deemed Constructively Terminated only if LivePerson has not cured such circumstances within twenty (20) business days following its receipt of such notice. Change of Control shall be defined as any transaction or group of related transactions following which the holders. (or persons or entities that directly or indirectly control, are controlled by, or are under common control with, the holders) of
LivePerson’s voting power immediately prior to such transaction(s) no longer hold securities having the voting power necessary to elect a majority of the board of directors of the surviving entity or entities.

Please indicate your acceptance of this offer by signing below and returning one copy to our office. Enclosed is some additional information about LivePerson as well as some forms and documents that you must complete prior to your start date. Your employment is contingent upon the return of the requested material. If you have any questions, please do not hesitate to contact me.

 

  

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LivePerson is a dynamic organization with tremendous growth opportunities. We look forward to you joining us and hope that you share our excitement for the opportunity it presents to everyone on the team.

	
Sincerely,

	  
	
/s/ Tim Bixby

	
Tim Bixby

	
President/CFO

   

	
Accepted by:   

	
/s/ Monica L. Greenberg

	
10.25.06        

	  	
Monica L. Greenberg

	
Date        

 

  

5Michael I. Kovach

 

Dear Michael:

 

On behalf of LivePerson, Inc. (the “Company”)
I am pleased to provide you with the following terms and conditions regarding your employment with the Company:

 

		1.	Employment. In your role as the Company’s Senior Vice President, Corporate Controller, you agree to devote
your full business time, best efforts, skill, knowledge, attention and energies to the advancement of the Company’s business
and interests and to the performance of your duties and responsibilities as an employee of the Company. Nothing herein, however,
shall prohibit you from engaging in civic and charitable activities, provided that such activities do not interfere with the performance
of your duties and are not undertaken during business time without prior managerial approval. Any service on the board of directors
of a for-profit entity must be approved in advance by the President or CEO of the Company and will be subject to such conditions
as the President or CEO of the Company may establish. You agree to abide by the rules, regulations, instructions, personnel practices
and policies of the Company and any changes therein that may be adopted from time to time by the Company.

 

		2.	Base Salary. Your current, annualized base salary is set at $220,500, less all applicable taxes and withholdings,
payable in installments in accordance with the Company’s regular payroll practices. This base salary may be adjusted from
time to time in the sole discretion of the Company, but will not be materially reduced except as part of a programmatic reduction
that applies to similarly situated employees.

 

		3.	Annual Discretionary Bonus. Following the end of each fiscal year, you may be eligible to receive a retention
and performance bonus. Any bonus amount you may receive for a given fiscal year (the “Annual Discretionary Bonus”)
will be as determined by the Company in its sole discretion and pursuant to its bonus practices and policies as they may exist
from time to time. You must be an active employee of  the Company on the date any Annual Discretionary Bonus is distributed in
order to be eligible for and to earn any such bonus award, as it also serves as an incentive to remain employed by the Company.

 

		4.	Benefits. You may continue to participate in any and all benefit programs that the Company establishes and makes
available to its employees from time to time, provided that you are eligible under (and subject to all provisions of) the plan
documents that govern those programs. Benefits are subject to change at any time in the Company’s sole discretion, provided
that such changes also apply to similarly situated employees.

 

    	 

    	 

    

 

		5.	Vacation and Days Off. You will continue to be eligible for a maximum of three (3) weeks of paid vacation per
calendar year to be taken at such times as may be approved in advance by the Company. The number of vacation days for which you
are eligible shall accrue at the rate of 1.25 days per month that you are employed during such calendar year. Except as otherwise
provided herein, vacation time shall be used and accrued in accordance with the Company’s then current policies and practices.
You will also be eligible for sick and personal days in accordance with the Company’s then current policies and practices.

 

		6.	Proprietary Information, Developments, and Non-Competition. You hereby confirm and reaffirm your obligations
to the Company as set forth in the Proprietary Information, Developments, and Non-Competition Agreement you previously executed
for the benefit of the Company, a copy of which is attached for your ease of reference.

 

		7.	Termination Without Cause. In the event that (a) your employment is terminated by the Company without Cause
                                                                (as defined below), (b) such termination does not occur in the 12-month period following a Change of Control (as defined
                                                                below), and (c) within sixty (60) days following your termination date you timely execute and do not revoke a separation and
                                                                release agreement drafted by and satisfactory to the Company (the “Separation Agreement”), the Company will
                                                                provide you with the following payments (the “Severance Payments”):

 

		a.	Severance pay equal to nine (9) months of your then current base salary, payable in accordance with the Company’s standard
payroll practices, and commencing on the Payment Commencement Date (as defined below);

 

		b.	To the extent it has not already been paid, the Annual Discretionary Bonus you would have received for the prior fiscal year
had you remained employed by the Company on the date such bonus was distributed (which shall be payable in a lump sum on the Payment
Commencement Date);

 

		c.	A pro-rated amount of your target Annual Discretionary Bonus for the fiscal year in which your employment is terminated (or
if your target Annual Discretionary Bonus has not yet been determined by the Company, a pro-rated amount of your Annual Discretionary
Bonus for the prior fiscal year), based on the number of days you have worked during the fiscal year in which your employment is
terminated, and payable in a lump sum on the Payment Commencement Date; and

 

		d.	Should you be eligible for and timely elect to continue receiving group medical insurance pursuant to the federal “COBRA”
law, 29 U.S.C. § 1161 et seq., the Company will, for nine (9) months immediately following your termination date, reimburse
you for the percentage of the coverage premium that the Company then pays on behalf of similarly situated, active employees. The
remaining balance of any premium costs shall be paid by you. Reimbursement will be made by the Company in response to an expense
report or other evidence of COBRA payments needed by the Company in detail reasonably sufficient for the Company to validate the
information.

 

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The
Severance Payments shall be paid or commence, as applicable, on the first payroll period after the Separation Agreement becomes
binding, but no earlier than 30 days following your date of termination; provided, however, that if the 60th day following your
date of termination occurs in the calendar year following your termination, then the severance pay shall commence no earlier than
January 1 of such subsequent calendar year (the “Payment Commencement Date”). All Severance Payments shall be subject
to the terms and conditions set forth in Paragraph 13 below.

 

For purposes hereof, “Cause” shall
mean a determination by the Company (which determination shall not be arbitrary or capricious) that: (i) you materially failed
to perform your specified or fundamental duties to the Company or any of its subsidiaries, (ii)you were convicted of, or pled
nolo contendere to, a felony (regardless of the nature of the felony), or any other crime involving dishonesty, fraud, or moral
turpitude, (iii) you engaged in or acted with gross negligence or willful misconduct (including but not limited to acts of fraud,
criminal activity or professional misconduct) in connection with the performance of your duties and responsibilities to the Company
or any of its subsidiaries, (iv) you failed to substantially comply with the rules and policies of the Company or any of its subsidiaries
governing employee conduct or with the lawful directives of the Board of Directors, or (v) you breached any non-disclosure, non-
solicitation or other restrictive covenant obligation to the Company or any of its subsidiaries.

 

		8.	Termination Without Cause or For Good Reason Within 12 Months Following a Change of Control. In the event that
your employment is terminated by the Company without Cause or by you for Good Reason (as defined below), in each case within the
12-month period following a Change of Control (as defined below), and provided that within sixty (60) days following your termination
date you timely execute and do not revoke a Separation Agreement, the Company will provide you with the following payments and
benefits (the “Change of Control Benefits”):

 

		a.	Severance pay equal to nine (9) months of your then current base salary, payable in accordance with the Company’s standard
payroll practices, and commencing on the Payment Commencement Date;

 

		b.	To the extent it has hot already been paid, the Annual Discretionary Bonus you would have received for the prior fiscal year
had you remained employed by the Company on the date such bonus was distributed (which shall be payable in a lump sum on the Payment
Commencement Date);

 

		c.	A pro-rated amount of your target Annual Discretionary Bonus for the fiscal year in which your employment is terminated (or
if your target Annual Discretionary Bonus has not yet been determined by the Company, a pro-rated amount of your Annual Discretionary
Bonus for the prior fiscal year), based on the number of days you have worked during the fiscal year in which your employment is
terminated, and payable in a lump sum on the Payment Commencement Date;

 

		d.	With regard to option and/or other equity awards held by you, the following number of shares shall become immediately vested:
the total number of shares of common stock subject to such award that would have vested in the 12-month period following your date
of termination had you remained employed by the Company during such period. In addition, the vested portion of your option and/or
other equity awards shall remain exercisable for 12 months following the date of termination, but in no event later than the original
term of the option as set forth in the applicable award agreement; and

 

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		e.	Should you be eligible for and timely elect to continue receiving group medical insurance pursuant to the federal “COBRA”
law, 29 U.S.C. § 1161 et seq., the Company will, for nine (9) months immediately following your termination date,
reimburse you for the percentage of the coverage premium that the Company then pays on behalf of similarly situated, active employees.
The remaining balance of any premium costs shall be paid by you. Reimbursement will be made by the Company in response to an expense
report or other evidence of COBRA payments needed by the Company in detail reasonably sufficient for the Company to validate the
information.

 

The Change of Control Benefits shall be paid
or commence, as applicable, on the Payment Commencement Date. All Change of Control Benefits shall be subject to the terms and
conditions set forth in Paragraph 13 below.

 

For purposes hereof, “Change of Control”
shall be defined as, and limited to: any transaction or group of related transactions following which the holders (or persons or
entities that directly or indirectly control, are controlled by, or are under common control with, the holders) of the Company’s
voting power immediately prior to such transaction(s) no longer hold securities having the voting power necessary to elect a majority
of the board of directors of the surviving entity or entities.

 

For purposes hereof, the term “Good Reason”
shall mean one or more of the following conditions arising without your consent: (i) a material reduction in your base salary,
other than as part of an across-the-board reduction applicable to other similarly situated employees; (ii) a material diminution
in your duties and responsibilities; or (iii) a relocation of the Company’s principal office to a location more than 50 miles
from its location on the date hereof (or from such other location to which you have consented after the date hereof). To be entitled
to terminate your employment for Good Reason, you must (i) provide written notice to the Company of the event or change you consider
constitutes “Good Reason” within 30 calendar days following its occurrence, (ii) provide the Company with a period
of at least 30 calendar days to cure the event or change, and (iii) if the Good Reason persists following the cure period, actually
resign by written resignation letter within 90 calendar days following the event or change.

 

		9.	Termination Due to Death or Disability. In the event that your employment is terminated by the Company due to
your death or Disability (as defined below), you or your estate, as applicable, shall be entitled to the following payments and
benefits:

 

(i)     Your unpaid base salary through the date of your termination of employment, payable on the regular payday immediately following
such termination date; and

 

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(ii)     To the extent you are eligible and it has not already been paid, the Annual Discretionary Bonus you would have received for the
prior fiscal year had you remained employed by the Company on the date such bonus was distributed, payable in a lump sum 60 days
following your termination of employment due to death or Disability, and subject to the terms and conditions set forth in paragraph
13; and

 

(iii)     To the extent you were eligible to receive an Annual Discretionary Bonus for the fiscal year in which your employment is terminated
due to death or Disability, a bonus for such year equal to a pro-rated amount of the Annual Discretionary Bonus you earned the
prior fiscal year based on the number of days you worked during the fiscal year of your termination, or such other bonus amount
as may be determined by the Board of Directors. Any such bonus shall be payable in a lump sum 60 days following your termination
of employment due to death or Disability, subject to the terms and conditions set forth in paragraph 13.

 

For purposes hereof, “Disability”
shall be defined as your inability to perform your job duties by virtue of illness or physical or mental incapacity or disability
(from any cause or causes whatsoever) in substantially the manner and to the extent required prior to the commencement of such
disability for periods aggregating to 180 days or more, whether or not continuous, within any continuous period of two (2) years.

 

		10.	Termination At Any Time For Cause or Without Good Reason. In the event that your employment is terminated at
any time by the Company for Cause or by you without Good Reason, you will be entitled only to your unpaid base salary through the
date of your termination of employment, which shall be paid on the regular payday immediately following your termination date.
You will not be entitled to any other compensation or consideration, including any bonus not yet paid, that you may have received
had your employment with the Company not ceased.

 

		11.	No Conflict. You represent that you are not bound by any employment contract, restrictive covenant or other restriction
preventing you from carrying out your responsibilities for the Company, or which is in any way inconsistent with the terms of this
letter. You further represent that you will not disclose to the Company or induce the Company to use any confidential or proprietary
information or material belonging to any previous employer or others.

 

		12.	At-Will Employment. This letter shall not be construed as an agreement, either express or implied, to employ
you for any stated term, and shall in no way alter the Company’s policy of employment at-will, under which both the .Company,
and you remain free to end the employment relationship for any reason, at any time, with or without cause or notice. 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 by a written agreement signed by you and
the Chief Executive Officer of the Company that expressly states the intention to modify the at-will nature of your employment.

 

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Similarly, other than as
set forth in Paragraphs 7, 8 and 9 above, nothing in this letter  shall be construed as an agreement, either express or implied,
to pay you any compensation or grant you any benefit beyond the end of your employment with the Company. Notwithstanding the foregoing,
following your termination of employment with the Company you will be reimbursed for all reimbursable expenses reasonably incurred
in the course of your work for the Company and documented in accordance with the Company’s then current expense reimbursement
polices and practices. Any such reimbursements shall be subject to Paragraph 13(e) below.

 

		13.	Section 409A. Subject to the provisions in this paragraph, any payments provided to you pursuant to Paragraphs
7, 8 or 9 above shall begin only upon the date of your “separation from service” (determined as set forth below), which
occurs on or after the date of your termination of employment. The following rules shall apply with respect to distribution of
the payments, if any, to be provided to you pursuant to Paragraphs 7, 8 or 9.

 

		a.	It is intended that each installment of the payments provided pursuant to Paragraphs 7, 8 or 9 shall be treated as a separate
“payment” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance issued thereunder
(“Section 409A”). Neither you nor the Company shall have the right to accelerate or defer the delivery of any such
payments or benefits except to the extent specifically permitted or required by Section 409A.

 

		b.	If, as of the date of your “separation from service” from the Company, you are not a “specified
                                                               employee” (within the meaning of Section 409A), then each installment of the payments shall be made on the dates and
                                                               terms set forth in Paragraphs 7, 8 or 9 as applicable.

 

		c.	If, as of the date of your “separation from service” from the Company, you are a “specified employee”
(within the meaning of Section 409A), then:

 

		i.	Each installment of the payments due pursuant to Paragraphs 7, 8 or 9 that, in accordance with the dates and terms set forth
herein, will in all circumstances, regardless of when the separation from service occurs, be paid within the short-term deferral
period (as defined in Section 409A) shall be treated as a short-term deferral within the meaning of Treasury Regulation Section
1.409A-1(b)(4) to the maximum extent permissible under Section 409A; and

 

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		ii.	Each installment of the payments due pursuant to Paragraphs 7, 8 or 9 that is not described in subparagraph (c)(1) above and
that would, absent this subsection, be paid within the six-month period following your “separation,from service” from
the Company shall not be paid until the date that is six months and one day after such separation from service (or, if earlier,
your death), with any such installments that are required to be delayed being accumulated during the six-month period and paid
in a lump sum on the date that is six months and one day following your separation from service and any subsequent installments,
if any, being  paid in accordance with the dates and terms set forth herein; provided, however, that the preceding
provisions of this sentence shall not apply to any installment of severance payments and benefits if and to the maximum extent
that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by
reason of the application of Treasury Regulation 1.409A-l(b)(9)(iii) (relating to separation pay upon an involuntary separation
from service). Any installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid
no later than the last day of the second taxable year following the taxable year in which the separation from service occurs.

 

		d.	The determination of whether and when your separation from service from the Company has occurred shall be made in a manner
consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-l(h). Solely for purposes of this
subparagraph (d), “Company” shall include all persons with whom the Company would be considered a single employer as
determined under Treasury Regulation Section 1.409A-l(h)(3).

 

		e.	All reimbursements and in-kind benefits provided for in this letter shall be made or provided in accordance with the requirements
of Section 409A to the extent that such reimbursements or in-kind benefits are subject to Section 409A, including, where applicable,
the requirements that (i) any reimbursement is for expenses incurred during your lifetime (or during a shorter period of time specified
in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible
for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last
day of the calendar year following the year in which the expense is incurred and (iv)
the right to reimbursement is not subject to set off or liquidation or exchange for any other benefit.

 

		f.	Notwithstanding anything herein to the contrary, the Company shall have no liability to you or to any other person if the payments
and benefits provided pursuant to this letter that are intended to be exempt from or compliant with Section 409A are not so exempt
or compliant.

 

		14.	Entire Understanding. This letter supersedes all prior understandings and agreements, whether written or oral,
relating to the terms of your employment.

 

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If this letter correctly sets forth the terms of your
continued employment with the Company, please sign the enclosed duplicate of this letter in the space provided below and return
it to me. This letter will take effect as of November 6, 2009.

 

	 	Sincerely,
	 	 	 
	 	By:	/s/ Timothy Bixby
	 	 	Timothy Bixby
	 	 	President, Chief Financial Officer

 

The foregoing correctly sets forth the terms of my continued
at-will employment with LivePerson, Inc. I am not relying on any representations other than those set forth above.

 

	/s/ Michael I. Kovach	 
	Michael I. Kovach	 

 

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