Document:

EX-10.16

 Exhibit 10.16 

 
 

 
 March 1st, 2016 
 Marcy
Daniel 
 Re: Welcome to PowerSchool Group, LLC 
 Dear
Marcy: 
 I would like to welcome you to the PowerSchool Group, LLC team! This letter serves as an overview of the terms of employment with PowerSchool
Group, LLC (as such company’s name may change from time to time and such company’s successors and assigns, the “Company”). Your employment with PowerSchool Group, LLC is effective as of February 1st, 2016. 

1. You will initially report to Hardeep Gulati, in the position of General Manager of Assessment and Analytics. The position is based in
Roanoke, VA. Your duties may involve extensive domestic and / or international travel. 
 2. Your starting base salary will be
$180,000.00 per year, less deductions and withholdings required or authorized by law, and will be subject to review. Your base salary will be paid by the Company in regular installments in accordance with the Company’s general payroll
practices. You will be eligible for a discretionary bonus based on your performance. Assuming you meet all performance expectations, we estimate your target bonus will be 20% of your base salary, less deductions and withholdings required or
authorized by law. Additionally, you will be eligible to receive a 15% stretch bonus based on your performance. Bonus/Commission payments are subject to modification. Any such bonus will be pro-rated in your
first year of employment for the amount of time you have been employed by the Company. 
 3. Additionally, you will be eligible to
receive a 50% bonus payable after 12 months of employment with PowerSchool Group, LLC, less deductions and withholdings required or authorized by law. 

4. You will also be eligible to participate in regular health, dental and vision insurance plans; bonuses and other employee benefit
plans established by the Company for its employees from time to time, so long as they remain generally available to the Company’s employees. Any accrued but unused PTO, will be rolled over into your PowerSchool PTO bank. You will accrue PTO
based on your initial date of hire with Interactive Achievement. 
 5. Severance Pay: Subject to the conditions set forth in this
Agreement, if Employee’s employment is involuntarily terminated for reasons other than cause the employee is eligible to receive severance pay in the amount of three (3) months pay less deductions and withholdings required by law or
authorized by law. If the Employee leaves the company voluntarily, or is discharged for cause, they will not be eligible for severance pay. The Severance Pay payments shall be paid in equal installments over a three month period beginning on the
next normal payroll date following the Employee’s separation of employment as decided by the employer. 
 6. As an employee of
the Company, you will have access to certain confidential information of the Company, its affiliates, the Company’s acquisitions, their customers, suppliers and other third parties and you may, during the course of your employment, develop
certain information or inventions, which will be the property of the Company. To protect the interests of the Company, you will need to carefully consider and sign the Company’s standard “Employee Confidentiality, Invention Assignment, Non-Solicit, Arbitration Agreement” (attached to this letter as Exhibit A) as a condition of your employment. So that the Company has proper records of inventions that may belong to you, we ask
that you also complete Schedule 1 attached to Exhibit A. 
 We also wish to impress upon you that we do not want you to bring
with you any confidential or proprietary material of any former employer or to violate any other obligations you may have to any former employer. 

150 Parkshore Dr., Folsom, CA 95630 | www.PowerSchool.com 

 7. As a condition of your employment, you will also be asked to abide by the
Company’s policies and procedures, which may be amended from time to time, in the Company’s sole discretion. 
 8. We
consider the terms of this offer confidential and trust that you will treat it as such and use appropriate discretion. 
 9. While we
look forward to a long and profitable relationship, your employment with the Company is at will. Any statements or representations to the contrary (and, indeed, any statements contradicting any provision in this letter and/or the Employee
Confidentiality, Invention Assignment, Non-Solicit, Non-Compete, Arbitration Agreement attached as Exhibit A) should be regarded by you as ineffective. Further, your
participation in any benefit or other Company program is not to be regarded as assuring you of continuing employment for any particular period of time. The Company may terminate your employment at any time with or without notice, and for any reason
or no reason. Notwithstanding any provision to the contrary contained in Exhibit A, you shall be entitled to terminate your employment with the Company at any time and for any reason or no reason by giving notice in writing to the Company. In the
event of such notice, the Company reserves the right, in its discretion, to give immediate effect to your resignation in lieu of requiring or allowing you to continue work throughout the Notice Period. You shall continue to be an employee of the
Company during the Notice Period, and thus owe to the Company the same duty of loyalty you owed it prior to giving notice of your termination. The Company may, during the Notice Period, relieve you of all of your duties and prohibit you from
entering the Company’s offices. 
 10. Please note that because of employer regulations adopted in the Immigration Reform and
Control Act of 1986, within three (3) business days of starting your new position you will need to present documentation establishing your identity and demonstrating that you have authorization to work in the United States. If you have
questions about this requirement, which applies to U.S. citizens and non-U.S. citizens alike, you may contact our personnel office. 

11. You and the Company mutually agree that any disputes that may arise regarding your employment will be submitted to binding
arbitration. As a condition of your employment, you will need to carefully consider and voluntarily agree to and execute the arbitration addendum attached as Schedule 2 attached to Exhibit A. 

12. Should you agree to these terms and conditions, this letter, Exhibit A and its Schedules constitute the entire agreement and
understanding between you and the Company with respect to the subject matter of this Agreement, and supersede all prior understandings and agreements, whether oral or written, between or among you and the Company or its predecessor with respect to
the specific subject matter hereof. 
  

	
	Very truly yours,
	
	  
 Hardeep Gulati

	CEO

 I have read and understood this letter and Exhibit A attached and hereby acknowledge, accept and agree to the terms set
forth therein. 

					
		 	 

            
	  	
	 /s/ Marcy Daniel
	 		  	Date signed: 3/3/2016
	Signature	 		  	
	Marcy Daniel	 		  	

  

 VIRGINIA EMPLOYEES 

CONFIDENTIALITY, INVENTION ASSIGNMENT, NON SOLICIT, NON-COMPETEAND ARBITRATION AGREEMENT 

As a condition of your employment with PowerSchool Group LLC. (as such company’s name may change from time to time and such company’s successors and
assigns, the “Company”), and in exchange for the other and valuable consideration recited in Section 1 below, you and the Company agree to the following: 

For purposes of this Agreement, references to the “Group” means the Company, and its affiliates (whether a parent,
subsidiary, or sister entity to the Company) engaged in the same line of business or contemplated business as the Company. 
  

 

 

 1. CONSIDERATION FOR AGREEMENT. 

You understand that the Group is engaged in a continuous program of research, development, production and marketing in connection with its business and that it
is critical for the Group to preserve and protect its “Proprietary Information” (as defined in Section 2 below), its rights in “Inventions” (as defined in Section 4 below) and in all related intellectual property
rights. You acknowledge that, as a result of your employment with the Company and/or its predecessors, you have and/or may receive confidential information, trade secrets, and/or specialized training from the Group, each of which constitutes good
and valuable consideration in support of your obligations made under this Confidentiality, Invention Assignment, Non-Solicit, Non-Compete and Arbitration Agreement (this
“Agreement”). As additional consideration, you may also have the opportunity to develop valuable business relationships with employees, agents, suppliers, and customers of the Group and to use the
Group’s resources and goodwill in the marketplace to develop those relationships. Finally, by your signature below, you acknowledge that your new employment with the Company (subject to Section 9), which the Company would not allow but for
your execution of this Agreement, also constitutes consideration in support of your return promise to maintain the confidentiality of all specialized knowledge and confidential information as well as your promise to adhere to the other restrictions
listed in this Agreement, including but not limited to those restrictions described in Section 7 of this Agreement. 
 2. PROPRIETARY INFORMATION.

 You understand that your employment creates a relationship of confidence and trust with respect to any information of a confidential or secret nature
that may be disclosed to you or created by you that relates to the business of the Group or to the business of its customers, licensees, suppliers or any other party with whom the Group agrees to hold information of such party in confidence (the
“Proprietary Information”). 

You understand and agree that the term “Proprietary Information” includes but is not limited to information of all types contained in any medium
(paper, electronic, in your memory, or otherwise stored or recorded), whether oral or written and regardless of whether it is marked as confidential, proprietary or a trade secret. “Proprietary Information” includes, without limitation,
the following information and materials, whether having existed, now existing or developed or created by you or on your behalf during your term of employment with the Company or its predecessor:

	A)	 All information and materials relating to the existing software products and software in the various stages of
research and development, including, but not limited to, source codes, object codes, design specifications, design notes, flow charts, graphics, graphical user interfaces, coding sheets, product plans,
know-how, negative know how, test plans, business investment analysis, marketing and functional requirements, algorithms, product bugs and customer technical support cases which relate to the software;

  

	B)	 Internal business information, procedures and policies, including, but not limited to, licensing techniques,
vendor names, other vendor information, business plans, financial information, budgets, forecasts, product margins, product costs, service and/or operation manuals and related documentation including drawings, and other such information, whether
written or oral, which relates to the way the Group conducts its business; 

  

	C)	 All legal rights, including but not limited to, trade secrets, pending patents, Inventions (as that term is
defined in section 4 below) and other discoveries, claims, litigation and/or arbitrations involving the Group, pending trademarks, copyrights, proposed advertising, public relations and promotional campaigns and like properties maintained in
confidence; 

  

	D)	 Any and all customer sales and marketing information, including but not limited to sales forecasts, marketing
and sales promotion plans, product launch plans, sales call reports, competitive intelligence information, customer information, customer lists, customers needs and buying habits, sales and marketing studies and reports, internal price list,
discount matrix, customer data, customer contracts, pricing structures, customer negotiations, customer relations materials, customer service materials, past customers, and the type, quantity and specifications of products purchased, leased or
licensed by customers of the Group; 

  

	E)	 Any information obtained while working for the Group which gives the Group a competitive edge;

  

	F)	 Any other knowledge or information regarding the property, business, and affairs of the Group which the Group
endeavors to keep confidential or which the Group believes to be confidential; and 

  

	G)	 Any and all other trade secrets, as that term is defined under applicable laws.

 

  
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 You understand and agree to treat and preserve Proprietary Information and materials as strictly confidential.
Except as authorized by the Company’s Chief Executive Officer (but in all cases preserving confidentiality by following Company policies and obtaining appropriate non-disclosure agreements), you further agree that, during your employment with
the Company or thereafter, you will not directly or indirectly transmit or disclose Proprietary Information to any person, corporation, or other entity for any reason or purpose whatsoever. 

You understand and agree that the Proprietary Information is the exclusive property of the Group, and that, during your employment, you will use and disclose
Proprietary Information only for the Group’s benefit and in accordance with any restrictions placed on its use or disclosure by the Group. After termination of your employment for any reason, you will not use in any manner or disclose any
Proprietary Information, except to the extent compelled by applicable law; provided that in the event you receive notice of any effort to compel disclosure of Proprietary Information for any reason, you will promptly and in advance of disclosure
notify Company of such notice and fully cooperate with all lawful Company or Group efforts (through their counsel or otherwise) to resist or limit such disclosure. 

Proprietary Information does not include information (i) that was or becomes generally available to you on a
non-confidential basis, if the source of this information was not reasonably known to you to be bound by a duty of confidentiality, or (ii) that was or becomes generally available to the public, other
than as a result of a disclosure by you, directly or indirectly or any other breach of this Agreement. 
 3. THIRD PARTY INFORMATION. You recognize
that the Group has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Group’s part to maintain the confidentiality of such information and to use it only for certain
limited purposes. You agree that you owe the Group and such third parties, during the term of your employment, and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any
person, firm or corporation (except as necessary in carrying out your work for the Group consistent with the Group’s agreement with such third party) or to use it for the benefit of anyone other than for the Group or such third party
(consistent with the Company’s agreement with such third party) without the express written authorization of the Chief Executive Officer of the Company. All rights and benefits afforded to the Company under this Agreement shall apply equally to
the owner of the third party information with respect to the third party information, and such third party is an intended third party beneficiary of this Agreement, with respect to the third party information. You further agree to conform to the
Company’s privacy policies, as amended from time to time. 
 4. INVENTIONS. 

4.1 Prior Inventions. You have attached hereto as Schedule 1 a complete and accurate list describing all Inventions (as defined below) which were
discovered, created, invented, developed or reduced to practice by you prior to the commencement of your employment by the Company and have not been legally assigned or licensed to the Company (collectively: “Prior
Inventions”), which belong solely to you or belong to you jointly with others, which relates in any way to any of the Group’s current, proposed or reasonably anticipated businesses, products or research or development
and which are not assigned to the Group hereunder; or have initialed Schedule 1 to indicate you have no Prior Inventions to disclose.

 If, in the course of your employment with the Company, you incorporate or cause to be incorporated into a Group
product, service, process, file, system, application or program a Prior Invention owned by you or in which you have an interest, you hereby grant the Group member a non-exclusive, royalty-free, irrevocable,
perpetual, worldwide, sublicensable and assignable license to make, have made, copy, modify, make derivative works of, use, offer to sell, sell or otherwise distribute such Prior Invention as part of or in connection with such product, process,
file, system, application or program. 
 4.2 Disclosure of Inventions. You will promptly disclose in confidence to the Company all Inventions
that you make or conceive or first reduce to practice or create, either alone or jointly with others, during the period of your employment, and for a period of three (3) months thereafter, whether or not in the course of your employment, and
whether or not such Inventions are patentable, copyrightable or protectable as trade secrets. For purposes of this Agreement, “Inventions” means without limitation, formulas, algorithms, processes, techniques,
concepts, designs, developments, technology, ideas, patentable and unpatentable inventions and discoveries, copyrights and works of authorship in any media now known or hereafter invented (including computer programs, source code, object code,
hardware, firmware, software, mask work, applications, files, Internet site content, databases and compilations, documentation and related items) patents, trade and service marks, logos, trade dress, corporate names and other source indicators and
the good will of any business symbolized thereby, trade secrets, know-how, confidential and proprietary information, documents, analyses, research and lists (including current and potential customer and user
lists) and all applications and registrations and recordings, improvements and licenses related to any of the foregoing. You recognize that Inventions or Proprietary Information relating to your activities while working for the Company, and
conceived, reduced to practice, created, derived, developed, or made by you, alone or with others, within three (3) months after termination of your employment may have been conceived, reduced to practice, created, derived, developed, or made,
as applicable, in significant part while you were employed by the Company. Accordingly, you agree that such Inventions and Proprietary Information shall be presumed to have been conceived, reduced to practice, created, derived, developed, or made,
as applicable, during your employment with the Company and are to be assigned to the Company pursuant to this Agreement and applicable law unless and until you have established the contrary by clear and convincing evidence. 

4.3 Work for Hire: Assignment of Inventions. You acknowledge and agree that any copyrightable works prepared by you, either alone or jointly with
others, within the scope of your employment are “works made for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable works. Any copyrightable works the Company or a Group member
specially commissions from you while you are employed with the Company shall be deemed a work made for hire under the Copyright Act and if for any reason a work cannot be so designated as a work made for hire, you agree to and hereby assign to the
Company all right, title and interest in and to said work(s) and the related copyright(s). You agree to and hereby grant the Company a non-exclusive, royalty-free, irrevocable,

 

  
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 perpetual, worldwide, sublicensable and assignable license to make, have made, copy, modify, make derivative
works of, use, publicly perform, display or otherwise distribute any copyrightable works you create during the time you are employed with the Company that for any reason do not qualify as a work made for hire, that were not specially commissioned by
the Group, or both, but that relate in any way to the business of the Group. You agree that all Inventions that (i) are developed using equipment, supplies, facilities Proprietary Information, or trade secrets of the Group, (ii) result
from work performed by you for the Group and/or on Company time, or (iii) relate to the Group’s business or current or anticipated research and development (the “Assigned Inventions”), will be the sole
and exclusive property of the Company and you agree to and hereby irrevocably assign the Assigned Inventions to the Company. 
 4.4 Assignment of Other
Rights. In addition to the foregoing assignment of Assigned Inventions to the Company, you hereby irrevocably transfer and assign to the Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and
other intellectual property rights in any Assigned Inventions; and (ii) any and all “Moral Rights” (as defined below) that you may have in or with respect to any Assigned Inventions. You also hereby forever waive and agree never to
assert any and all Moral Rights you may have in or with respect to any Assigned Inventions, even after termination of your work on behalf of the Company. “Moral Rights” mean
any rights to claim authorship of any Assigned Inventions, to object to or prevent the modification of any Assigned Inventions, or to withdraw from circulation or control the publication or distribution of any Assigned Inventions, and any similar
right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred to as a “moral right”. 

4.5 Assistance. Whether during or after your employment, and without additional compensation, you agree to do any act and/or execute any document
deemed necessary or desirable by the Company in furtherance of perfecting, prosecuting, recording, maintaining, enforcing and protecting the Group’s right, title and interest in and to, any of the Assigned Inventions. In the event that the
Company is unable for any reason to secure your signature to any document required to file, prosecute, register or memorialize the ownership and/or assignment of, or to enforce, any intellectual property, you hereby irrevocably designate and appoint
the Company’s duly authorized officers and agents as your agents and attorneys-in-fact to act for and on your behalf and stead to (i) execute, file, prosecute,
register and/or memorialize the assignment and/or ownership of any Assigned Invention; (ii) to execute and file any documentation required for such enforcement and (iii) do all other lawfully permitted acts to further the filing,
prosecution, registration, memorialization of assignment and/or ownership of, issuance of and enforcement of any Assigned Inventions, all with the same legal force and effect as if executed by you.

 4.6 Applicability to Past Activities. To the extent you have been engaged to provide services by
the Company or its predecessor for a period of time before the effective date of this Agreement (the “Prior Engagement Period”), you agree that if and to the extent that, during the Prior Engagement Period: (i) you received access to
any information from or on behalf of the Company that would have been Proprietary Information if you had received access to such information during the period of your employment with the Company under this Agreement; or (ii) you conceived,
created, authored, invented, developed or reduced to practice any item, including any intellectual property rights with respect thereto, that would have been an Invention if conceived, created, authored, invented, developed or reduced to practice
during the period of your employment with the Company under this Agreement; then any such information shall be deemed Proprietary Information hereunder and any such item shall be deemed an Invention hereunder, and this Agreement shall apply to such
information or item as if conceived, created, authored, invented, developed or reduced to practice under this Agreement. 
 5. NO BREACH OF PRIOR
AGREEMENT. You represent that your performance of all the terms of this Agreement and your duties as an employee of the Company will not breach any invention assignment, proprietary information, confidentiality, noncompetition, nonsolicitation,
noninterference, or similar agreement with any former employer or other party. You represent that you will not bring with you to the Company or use in the performance of your duties for the Company any documents or materials or intangibles of a
former employer or third party that are not in the public domain or have not been legally transferred or licensed to the Company. 
 6. DUTY OF
LOYALTY. You understand that your employment with the Company requires your undivided attention and effort during normal business hours. While you are employed by the Company, you will not, without the Company’s express prior written
consent, (i) engage in any other business activity, unless such activity is for passive investment purposes only and will not require you to render any services, (ii) be engaged or interested, directly or indirectly, alone or with others,
in any trade, business or occupation in competition with the Group, (iii) make preparations, alone or with others, to compete with the Group in the future, or (iv) appropriate for your own benefit business opportunities pertaining to the
Group’s business. The obligations imposed on you under the Section 6 are in addition to, and do not supplant, any similar obligations you may have to the Group under the common law or by statute. 

7. DUTY OF NON INTERFERENCE. 
 For purposes of this
Section, “solicit” means any direct or indirect communication of any kind, regardless of who initiates it, that in any way invites, advises, encourages or requests any person to take or refrain from taking any action. 

7.1 Non-Solicitation of Employees/Consultants. During your employment with the Group and for a period of
two (2) years thereafter, you will not directly or indirectly hire, attempt to hire, recruit, offer employment, lure or entice away, or in any other manner persuade or otherwise solicit anyone who is then an employee or consultant of the Group
(or who was an employee or consultant of the Group within the six months preceding the date of any such prohibited conduct) to resign from the Group or to apply for or accept employment with, or otherwise provide services to, you or any third party,
for your own benefit or for the benefit of any other person or entity. 

 

  
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 7.2 Non-Solicitation of Suppliers/Customers. During your
employment with the Company and for a period of one (1) year thereafter, you will not, whether as an owner, employee, member, director, officer, trustee, agent, contractor, consultant or otherwise, directly or indirectly (i) solicit or
accept from any Customer or Potential Customer (as defined below) any business involving the sale or provision of Restricted Products (as defined in section 7.3); (ii) request or advise any Customer, or supplier or vendor of the Group to curtail,
cancel, or withdraw its business from the Group; or (iii) aid in any way any other entity in obtaining business from any Customer or Potential Customer involving the sale or provision of Restricted Products (as defined in section 7.3).
“Customer” means any person or entity who is or was, during the last 24 months of your employment with the Company (including any period of employment with any predecessor of the Company)
either (a) a customer of the Company or (b) a customer of any Group company and, (c) with whom you dealt on behalf of the Company or a Group member or their predecessor; (d) whose dealings with the Company or a Group
member or their predecessor were coordinated or supervised by you; (e) about whom you obtained Proprietary Information as a result of your association with the Company or a Group member or their predecessor; or (f) to whom you provided
services on behalf of the Company or a Group member or their predecessor. “Potential Customer” means any person or entity (a) with whom you were directly involved in the solicitation or
targeting of such potential customer or to whom you provided services on behalf of any Group company during the six months preceding the termination of your employment or (b) about whom you became privy to Proprietary Information as a result of
your employment during the last six months of your employ. 
 7.3 Non-Competition. During your
employment with the Company and for a period of one (1) year thereafter (the “Restricted Period”), you will not hold any position or role outside the Company or the Group, whether such position or role be an employee,
officer, director, consultant, owner, manager, advisor, investor, or otherwise, through which you would, directly or indirectly, provide competing services with the business of the Group or that would enable you or another third party to unfairly
compete with the business of the Group. By way of limitation to the foregoing, the following shall be considered competitive with the business of the Group: (i) the provision of services with respect to or the sale of Restricted Products,
within 50 miles of any Group Customer, (ii) the provision of services with respect to or sale of Restricted Products within 50 miles of any Group Office or (iii) the research, development, manufacturing or distribution of Restricted
Products that will be sold within 50 miles of any Group Customer or Group Office. For purposes of this section, “Restricted Products” means products or services (a) which are of the same or materially
similar kind as the products or services (including but not limited to technical and product support, professional services, technical advice and other customer services) researched into, developed, manufactured, distributed, sold or supplied by the
Group and (b) (1) with which you were directly connected during your employment with the Company or its predecessor or (2) about which you have received or developed Proprietary Information by reason of your employment with the
Company or its predecessor or provision of services to any member of the Group. “Group Customer” means a customer with respect to which you provided services, had business dealings or about which you received or developed
Proprietary Information. “Group Office” means an office of the Company or a Group company with respect

 
to which you provided services, had business dealings or about which you received or developed Proprietary Information. Notwithstanding the foregoing, by providing prior notice to the Company you
may accept employment or otherwise be engaged in or involved with a competitor of the Group that has multiple lines of business provided that, during the Restricted Period, you are employed by a business unit of such competitor that is not engaged
or otherwise involved with Restricted Products OR you are providing services to the competitor that are unrelated to the services you provided to the Company and that will not confer an unfair business advantage to such competitor by virtue of the
Proprietary Information in your possession. Nothing contained in this Section 7 shall prohibit you from owning of a passive investment interest of not more than 2.5% in a company with publicly traded equity securities, and whether on your own
behalf or on behalf of others. You agree that the Restricted Period shall be extended by a period equal the length of any violation of this Section 7.3. 

7.4 Employment by Customers. Without the Company’s express written permission, you will not, for a period of one (1) year following
termination of your employment for any reason, accept employment with, or be employed by, any customer of the Group in a capacity substantially similar to the capacity in which you are employed by the Company when such employment causes or will
cause the customer of the Group to curtail or discontinue purchasing services and/or products previously purchased by such customer from the Group. 
 8.
OBLIGATIONS UPON TERMINATION. 
 8.1 Return of Company Property. At the time of leaving the employ of the Company, you will deliver to the
Company (and will not keep in your possession or deliver to anyone else) (i) any and all documents and materials of any nature (including physical and electronic copies) pertaining to your work, including without limitation devices, records,
data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items and (ii) all property belonging to the Group
or any third party which provided property to you in connection with your employment such as computer, laptops, personal digital assistants, cell phones, MP3 players, electronic organizers and other devices, cards, car, keys, security devices or any
other item belonging to the Group. Upon Company request, you will execute a document confirming your compliance with this provision and the terms of this Agreement. 

8.2 Notification of New Employer. Before you accept employment or enter in to any consulting or other professional or business engagement with
any other person or entity while any of Section 7 is in effect, you will provide such person or entity with written notice of the provisions of Section 7 and will deliver a copy of the notice to the Company. You hereby grant consent to
notification by the Company to your new employer about your rights and obligations under this Agreement. 
 8.3 Withholding. To the extent
allowed by law, you agree to allow Company to deduct from your final paycheck(s) any amounts due as a result of your employment, including but not limited to, any expense advances or business charges incurred by you on behalf of the Group, charges
for property damaged or not returned when requested, and any other charges incurred by you payable to the Group. You agree to execute any authorization form as may be provided by Company to effectuate this provision.

 

  
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 9. AT WILL EMPLOYMENT. 

This Agreement does not constitute a contract of employment for any definite period of time. You acknowledge and agree that nothing in this Agreement modifies
the at-will nature of your employment with Company, which permits either yourself or Company to terminate your employment at any time and without cause. 

10. ARBITRATION. 
 10.1 In the event of any
controversy or dispute between you and the Company or between you and any affiliate or an agent of Company, including but not limited to directors, officers, managers, other employees or members of the Group, who are being sued in any capacity, as
to all or any part of this Agreement, any other agreement, any dispute or controversy whatsoever pertaining to or arising out of the relationship between you and the Company and/or the Group or the dissolution or termination of same, and/or the
arbitrability thereof (collectively, “Arbitrable Disputes” as further defined below) shall, subject to Section 11.1 herein, be resolved exclusively by binding arbitration solely between yourself and the Company and/or person or
entity described above, conducted in Roanoke, Roanoke County Virginia. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. Section 1 et seq, as amended, and shall be administered in accordance with the procedures
set forth in the Dispute Resolution Addendum appended hereto as Schedule 2 (the “Addendum”), all of which are incorporated into this Agreement by this reference. 

10.2 Arbitrable Disputes shall include any and all disputes not specifically exempted from arbitration herein, including, but not limited to, any
alleged violations of federal, state or local constitutions, statutes, laws, ordinances, regulations or common law, any claims of wrongful termination, unlawful discrimination, harassment or retaliation, including but not limited to Title VII of the
1964 Civil Rights Act, The Equal Pay Act, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Fair Labor Standards Act and similar state and local statutes, any claims of breach of contract or any implied covenant of
good faith and fair dealing, any claims of adverse treatment in violation of public policy, and any disputes arising from, under or regarding this Agreement, including the formation, validity, interpretation, effect or breach of the Agreement. For
avoidance of doubt, all disputes regarding the validity of this Agreement, the validity of the arbitration provisions of this Agreement, or whether any particular claim or matter is included within the scope of the arbitration provisions of this
Agreement, are Arbitrable Disputes subject to arbitration as described herein. 
 Specifically excluded from Arbitrable Disputes are disputes or claims
arising from or related to workers’ compensation and unemployment insurance, and any claims which are expressly excluded from binding arbitration by statute or public policy, or which are expressly required to be arbitrated under a different
procedure. 

 10.3 While you are not required to do so before serving an arbitration demand under Section (g) of
the Addendum, nothing in this Agreement shall prevent you from filing or maintaining an administrative charge or complaint with a government agency, including but not limited to, the Equal Employment Opportunity Commission, the Department of Labor
and the National Labor Relations Board or any equivalent state or local agency. For the avoidance of doubt, if you choose not to file an administrative charge or complaint before commencing an arbitration in accordance with this Section 10 and
the Addendum, your arbitration demand must be served, subject to Section 10.5, within the applicable time period for filing a charge with the relevant agency in order to be timely filed. 

10.4 This binding arbitration procedure shall supplant and replace claims in court (except as specified herein), and you expressly waive the right to a
civil court action before a jury. 
 10.5 In accordance with Section (g) of the Addendum and to the extent permitted by applicable law, any
arbitration relating to or arising from any Arbitrable Dispute shall be commenced by service of an arbitration demand on or before the earlier of: (i) the expiration of the limitations period provided by applicable law; or (ii) the one-year anniversary of the accrual of the aggrieved party’s claim. 
 10.6 All Arbitrable Disputes under this
Agreement must be brought in your individual capacity, and not as a plaintiff or class member in any purported class, representative or collective proceeding. You agree that the arbitrator is not empowered to consolidate claims of different
individuals into one proceeding, or to hear an arbitration as a class arbitration. To the extent the arbitrator determines that this class/collective action waiver is invalid, for any reason, this entire Section 10 shall be null and void but
only with regard to that particular proceeding in which the arbitrator invalidated this class/collective action waiver and this Section 10 shall remain in full force and effect with respect to any Arbitrable Disputes other than that covered by
such class/collective action proceeding. 
 10.7 Notwithstanding the foregoing, the waiver of the jury trial right shall survive even in the event
this Section 10 is deemed null and void. 
  

	11.	 GENERAL 

11.1 Injunctive Relief. Notwithstanding the arbitration provisions in Section 10 or anything else to the contrary in this Agreement, you and
the Company understand and agree that the parties’ actions or potential actions concerning obligations under Sections 2, 3, 4, 6 or 7 of this Agreement may result in irreparable and continuing damage to the other party for which monetary
damages will not be sufficient, and agree that both parties will be entitled to seek, in addition to its other rights and remedies hereunder or at law and both before or while an arbitration is pending between the parties under Section 10 of
this Agreement, a temporary restraining order, preliminary injunction or similar injunctive relief from a court of competent jurisdiction in order to preserve the status quo or prevent irreparable injury pending the full and final resolution of the
dispute through arbitration, without the necessity of showing any actual damages or that monetary damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned injunctive relief
shall be in addition to, not in lieu of, legal remedies, monetary damages or other available forms of relief through arbitration proceedings. This Section shall not be construed to limit the obligation for either party to pursue arbitration under
Section 10 with respect to any Arbitrable Disputes. 

 

  
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 Confidentiality, Invention Assignment, Non-Solicit, Non-Compete and Arbitration Agreement - Virginia 

 

 
 11.2 Waiver of Breach. The failure of Company at any time, or from time to time, to require
performance of any of your obligations under this Agreement shall not be deemed a waiver of and shall in no manner affect Company’s right to enforce any provision of this Agreement at a subsequent time. The waiver by Company of any rights
arising out of any breach shall not be construed as a waiver of any rights arising out of any subsequent breach. 
 11.3 Notice. Unless your
offer letter provides otherwise, you agree to use reasonable efforts to provide Company 14 days notice to terminate your employment with Company; provided, however, that this provision shall not change the
at-will nature of the employment relationship between you and Company. 
 11.4 Non
Disparagement. During and after your employment with the Company, except to the extent compelled or required by law, you agree you shall not disparage the Group, its customers and suppliers or their respective officers, directors,
agents, servants, employees, attorneys, shareholders, successors or assigns or their respective products or services, in any manner (including but not limited to, verbally or via hard copy, websites, blogs, social media forums or any other medium);
provided, however, that nothing in this Section shall prevent you from: engaging in concerted activity relative to the terms and conditions of your employment and in communications protected under the National Labor Relations Act, filing a charge or
providing information to any governmental agency, or from providing information in response to a subpoena or other enforceable legal process or as otherwise required by law.

 11.5 Applicable Law. This Agreement shall be governed by the laws of the State of Virginia,
irrespective of its choice of law rules. 
 11.6 Entire Agreement. This Agreement along with Schedules 1 and 2 and the documents referred to
herein constitute the entire agreement and understanding of the parties with respect to the subject matter of this Agreement, and supersede all prior understandings and agreements, whether oral or written, between or among the parties hereto with
respect to the specific subject matter hereof. Notwithstanding the foregoing, this Agreement does not supplant any rights the Group may have under the common law or by statute. Headings are provided for convenience only and do not modify, broaden,
define or restrict any provision. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by the parties. 

11.7 Survival. Any termination of this Agreement, regardless of how such termination may occur, shall not operate to terminate Sections 2, 3, 4,
5, 7, 8, 10 and 11 which shall survive any such termination and remain valid, enforceable and in full force and effect, 

 

  

									
	PowerSchool Group LLC.	  		  		  	
					
	By:	  	  
	  	        	  	By:	  	 /s/ Marcy Daniel

		  	Mark Oldemeyer	  		  		  	Marcy Daniel
		  	 CFO
  
	  		  		  	
		  	Date	  		  		  	Date 3/3/2016

  
 Page 8 of 12 Oct 2014

 Confidentiality, Invention Assignment, Non-Solicit, Non-Compete and Arbitration Agreement – Virginia

  

 Schedule 1 

(List of Employee’s Prior Inventions) 

MD By initialing here, I represent and warrant that I have no Prior Inventions, as that term is defined in the Agreement to which this Schedule 1 is
attached. 
 OR 

                     Below is a complete and
accurate list of Prior Inventions, as that term is defined in the Agreement to which this Schedule 1 is attached. 
  

			
	By:	 	 /s/ Marcy Daniel

		 	Marcy Daniel
		 	Date: 3/3/2016

  
 Page 9 of 12 Oct 2014

 Confidentiality, Invention Assignment, Non-Solicit, Non-Compete and Arbitration Agreement – Virginia

  

 Schedule 2 

Dispute Resolution Addendum 

 

 a. For purposes of this Addendum, all capitalized terms shall have the meaning set forth in the Confidentiality,
Invention Assignment, Non Solicit, Non-Compete and Arbitration Agreement (the “Agreement”) to which this Addendum is appended. “Employee” means the individual employed by or performing
services for the Company or any affiliate who signed the Agreement. 
 b. Except in the event either party seeks injunctive relief in accordance with
Section 11.1 of the Agreement, Employee and Company agree that, prior to the service of an Arbitration Demand in accordance with paragraph h below, the parties shall negotiate in good faith for a period of thirty (30) days to resolve any
Arbitrable Dispute privately, amicably and confidentially. Such thirty (30) day period shall run from the date of the first written contact by one party of the other, specifically citing this paragraph, to discuss the potential Arbitrable
Dispute. 
 c. All Arbitrable Disputes shall be resolved only by final and binding arbitration conducted privately and confidentially by a single arbitrator
selected as specified in this Addendum. 
 d. Waiver of Class Action and Collective Action Claims. Except as otherwise required by
law, both parties expressly intend and agree that: (a) class action and collective action procedures shall neither be asserted nor applied for in any arbitration conducted pursuant to this arbitration agreement; (b) each party will not
assert class or collective action claims against the other in arbitration or otherwise; and (c) the parties shall only submit their own, individual claims in arbitration and will not seek to represent the interests of any other person. The
arbitrator shall not consolidate more than one person’s claims in the arbitration, and may not otherwise preside over any form of a collective or class proceeding. 

e. The parties understand and agree that the Agreement evidences a transaction involving interstate commerce within the meaning of 9 U.S.C. § 2, and that
the Addendum shall therefore be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1, et seq. 
 f. The arbitrator, and not any federal,
state, or local court or agency, shall have exclusive authority to determine the arbitrability of disputes and to resolve any dispute relating to the interpretation, applicability, or enforceability of the Agreement and this Addendum. The Arbitrator
shall conduct and preside over such hearings as the arbitrator deems appropriate. 
 g. Shortening of Limitations Period Within Which to File an
Arbitration Demand. To the extent permitted by applicable law, any arbitration relating to or arising from any Arbitrable Dispute shall be commenced by service of an arbitration demand on or before the earlier of: (i) the expiration of the
limitations period provided by applicable law; or (ii) the one-year anniversary of the accrual of the aggrieved party’s claim pursuant to applicable law. Otherwise, all claims that were or could have
been brought by the aggrieved party against the other party shall be forever time-barred.

 h. To commence an arbitration pursuant to this Agreement, a party shall serve a written arbitration demand (the
“Demand”) on the other party by certified mail, return receipt requested or by personal service prior to the expiration of the Limitations Period for Arbitrable Disputes. The claimant shall attach a copy of the Agreement and this Addendum
to the Demand, which shall also describe the Arbitrable Dispute in sufficient detail to advise the respondent of the nature and basis of the dispute, state the date on which the dispute first arose, list the names and addresses of every person,
including without limitation current or former employees of Company or any affiliate, whom the claimant believes does or may have information relating to the dispute, including a short description of the matter(s) about which each person is believed
to have knowledge, and state with particularity the relief requested by the claimant, including a specific monetary amount, if the claimant seeks a monetary award of any kind. Within thirty days after receiving the Demand, the respondent shall mail
to the claimant a written response to the Demand (the “Response”) that may include one or more counterclaims and that shall describe in reasonable detail the respondent’s position in connection with the dispute and any counterclaim
asserted. The Response shall also, if applicable, state the date on which any counterclaim first arose, list the names and addresses of every person, including without limitation current or former employees of Company or any affiliate, whom the
respondent believes does or may have information relating to the dispute including a short description of the matter(s) about which each person is believed to have knowledge, and state with particularity the relief requested by the respondent,
including a specific monetary amount, if the respondent seeks a monetary award of any kind. Both parties acknowledge that they have an ongoing duty to supplement the list of persons that either side believes does or may have information relating to
the dispute. 
 i. Promptly after service of the Response, the parties shall confer in good faith to attempt to agree upon a suitable arbitrator. If the
parties are unable to agree upon an arbitrator, the claimant shall request from the American Arbitration Association (“AAA”) a list of nine potential arbitrators randomly selected from the AAA’s employment arbitration panel for the
area in which the hearing is required to take place or, if no employment arbitration panel exists for that area, then from the AAA’s commercial arbitration panel for that area (the “List”). The Company shall bear the cost of obtaining
the List, which the AAA shall provide simultaneously to the claimant and the respondent by fax, email, hand delivery or any other expeditious mode of delivery. The AAA shall not administer the arbitration or have any role in the arbitration other
than providing the List, unless the parties both agree otherwise in writing. No later than five business days after the List is received by the parties, or within such other time period as agreed by the parties in writing, they shall conduct a
meeting or conference call during which they shall alternate in striking names from the List, beginning with the claimant. After each party has stricken four names from the List, the one remaining individual shall be appointed to serve as arbitrator
and shall thereafter resolve the Arbitrable Dispute in accordance with this Addendum. 

 

  
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 j. Notwithstanding the
choice-of-law principles of any jurisdiction, the arbitrator shall be bound by and shall resolve all Arbitrable Disputes in accordance with the substantive law of the
State of Virginia or federal law as enunciated by the federal courts situated in the Fourth Circuit, whichever apply to the claim and Federal rules of evidence, including, without limitation, all relevant privileges and the attorney work product
doctrine. 
 k. All facts relating to or concerning the Arbitrable Dispute and arbitration, including without limitation the existence of the arbitration,
the nature of the claims and defenses asserted, and the outcome of the arbitration shall be confidential and shall not be disclosed by the claimant, the respondent or the arbitrator without the prior written consent of both the claimant and the
respondent. Notwithstanding the foregoing confidentiality obligation, the claimant and respondent may divulge information rendered confidential pursuant to this Addendum to the extent necessary to prosecute or defend the arbitration or any related
judicial proceeding, and the Company may disclose such information to its employees and agents in the ordinary course of their performance of their duties for the Company. 

l. Before the arbitration hearing, each party shall be entitled to take discovery depositions of three fact witnesses and, in addition, the discovery
deposition of every expert witness expected to testify for the opposing party at the arbitration hearing; provided that to the extent the arbitrator concludes that applicable law would render this subsection (I) unconscionable or otherwise
unenforceable, the arbitrator shall have the authority to order additional depositions sufficient to protect the enforceability of this subsection (I). Upon the written request of either party, the other party shall promptly produce documents
relevant to the Arbitrable Dispute or reasonably likely to lead to the discovery of admissible evidence. Each party acknowledges that each has an ongoing duty to supplement the production of documents in response to any request received from the
party. The manner, timing and extent of any further discovery shall be committed to the arbitrator’s sound discretion, provided that the arbitrator shall upon a showing of reasonable cause permit any party to take a preservation deposition of
any witness for use in at any hearing in lieu of live testimony, and provided further that under no circumstances shall the arbitrator allow more depositions or interrogatories than permitted by the presumptive limitations set forth in F.R.Civ.P.
30(a)(2)(A) and 33(a). The arbitrator shall levy appropriate sanctions, including an award of reasonable attorneys’ fees, against any party that fails to cooperate in good faith in discovery permitted by this Addendum or ordered by the
arbitrator. 
 m. Either party shall have the right to subpoena witnesses and documents for the arbitration as well as documents relevant to the case from
third parties. The arbitrator shall have the jurisdiction to hear and rule upon pre-hearing disputes and is authorized to hold pre-hearing conferences by telephone or in
person, as the arbitrator deems advisable. The arbitrator shall have the authority to entertain a motion to dismiss, a motion for summary judgment and/or any other dispositive motion by any party and shall apply the standards governing such motions
under the Federal Rules of Civil Procedure. Either party, at its expense, may arrange and pay the cost of a court

 
reporter to provide a stenographic record of the proceedings; provided, however, that if both parties desire a stenographic record or access to such record, the cost of the court reporter and
such record shall be shared equally. Should any party refuse or neglect to appear for, or participate in the arbitration hearing, the arbitrator shall have the authority to decide the dispute based upon whatever evidence is presented. Either party,
upon request at the close of the hearing, shall be given leave to file a post-hearing brief. The time for filing such brief shall be set by the arbitrator. 

n. The arbitrator shall have no power to modify or deviate from the provisions of this Addendum unless both claimant and respondent consent to such
modification or deviation. To the extent that any matter necessary to the efficient and timely completion of the arbitration is not governed by this Addendum, the arbitrator shall, after conferring with the parties, have the power to enter rulings
and establish standards necessary, in his or her sound discretion, to resolve the matter. 
 o. The Company shall bear the costs of the arbitrator only to
the extent required by applicable law. Except as otherwise set forth in this Addendum, each party shall pay for its own costs and attorneys’ fees incurred by such party, if any. However, if any party prevails on a statutory claim which affords
the prevailing party attorneys’ fees and costs, or if there is a written agreement providing for attorneys’ fees and costs, the arbitrator may award reasonable attorneys’ fees and costs to the prevailing party. Any dispute as to the
reasonableness of any fee or cost shall be resolved by the arbitrator. 
 p. Within thirty days after the arbitration hearing is closed or after any
dispositive motion is fully briefed, the arbitrator shall issue a written award setting forth his or her decision and the reasons therefor. The arbitrator’s award shall be final, nonappealable and binding upon the parties, subject only to the
provisions of 9 U.S.C. § 10, and may be entered as a judgment in any court of competent jurisdiction. 
 q. The parties agree that reliance upon courts
of law and equity can add significant costs and delays to the process of resolving disputes. Accordingly, they recognize that an essence of this Agreement is to provide for the submission of all Arbitrable Disputes to binding arbitration. Therefore,
if any provision of this Addendum is found to be in conflict with a mandatory provision of applicable law or is otherwise void or voidable, the parties understand and agree that each such provision shall be reformed to render it enforceable, but
only to the extent absolutely necessary to render the provision enforceable and only in view of the parties’ express desire that Arbitrable Disputes be resolved by arbitration and, to the greatest extent permitted by law, in accordance with the
principles, limitations and procedures set forth in this Addendum. 
 r. Either party may bring an action in court to compel arbitration under this Addendum
and the Agreement, and to confirm, vacate or enforce an arbitration award, and each party shall bear its own attorney fees and costs and other expenses of such action. 

 

 

 [SIGNATURE PAGE FOLLOWS] 

PowerSchool Group LLC. 

  
 Page 11 of 12 Oct 2014

 Invention Assignment and Confidentiality Agreement – Arbitration Agreement 

 

									
	By:	 	  
	  		  	By:	  	 /s/ Marcy Daniel

		 	 Mark Oldemeyer
 CFO
	  		  		  	Marcy Daniel
					
		 	Date	  	        	  		  	Date 3/3/2016
					
		 		  		  		  	

  
 Page 12 of 12 Oct 2014EX-10.18

 Exhibit 10.18 

 
 

 
 December 8, 2017 

Devendra Singh 
  

	Re:	 Employment with PowerSchool Group LLC 

Dear Devendra: 
 We are pleased to extend an offer
to you to join our team. This letter, along with the attached Exhibits A and B, will confirm the terms of employment with PowerSchool Group LLC (as such company’s name may change from time to time and such company’s successors and assigns,
the “Company”). The terms of our offer are as follows: 
 1. You will be the Chief Technology Officer of the Company,
reporting to the Company’s Chief Executive Officer (the “CEO”). In this capacity, you will have the responsibilities and duties consistent with such position. 

2. Your starting base salary will be $310,000 per year, less deductions and withholdings required by law or authorized by you, and will be
subject to review annually for any increases or decreases (the “Base Salary”); provided, however, that any decreases shall not be greater than ten percent (10%) of your then current base salary, which decrease would only be
implemented in conjunction with a general decrease affecting the executive management team. Your Base Salary will be paid by the Company in regular installments in accordance with the Company’s general payroll practices as in effect from time
to time. 
 With respect to your bonus opportunities for each bonus period beginning on and after January l, 2018, you will be eligible to
receive a bonus of up to 40% of your Base Salary (the “Bonus”). The Bonus will be awarded at the sole discretion of the Board of Managers of the Company (the “Board”), based on the Board’s determination as to
your achievement of predetermined thresholds which may include, but are not limited to, management by objectives (“MBO”s) and financial targets such as revenue, recurring revenue, gross profit and/or EBITDA targets. In addition, you
will be eligible each year for an additional bonus of up to 20% of your Base Salary, awarded at the sole discretion of the Board, based on the Board’s determination as to your achievement of “stretch” targets. 

The bonus formulas, MBOs, performance milestones and all other elements of your bonus opportunities shall be established by the Board in its
sole discretion, and communicated in writing (including by e-mail) to you from time to time. Any bonus earned for a fiscal year shall be paid within thirty (30) days after the Board has received, reviewed
and approved the applicable fiscal year’s final audited financial statements. In any event, payment of any bonus that becomes due with respect to a fiscal year shall be paid in the calendar year following the fiscal year in which such bonus was
earned, subject, in each case, to your continued employment on the applicable payment date. 

 3. You will also be eligible to participate in regular health, dental and vision insurance
plans and other employee benefit plans established by the Company for its employees from time to time, so long as they remain generally available to the Company’s employees. 

4. Your position is currently based in Folsom, California. Your duties may involve extensive domestic and international travel. The parties
hereto acknowledge that you intend to relocate to the Folsom area. After your relocation to Folsom, the Company will supplement your salary by an amount equal to the net after-tax housing and utility expenses
you may incur in the Folsom area in an amount not to exceed $2,000 per month (“Duplicate Housing Costs”) for up to six (6) months and the Company shall reimburse you for reasonable moving and relocation expenses
(“Relocation Expenses”) in connection with your relocation to the Folsom area; provided, that the Company shall not pay you Duplicate Housing Costs or reimburse your Relocation Expenses in excess of an aggregate amount of $20,000
unless approved by the CEO in advance; provided further that these expenses shall be documented and provided further that such expenses shall not include (a) any losses (whether or not realized) incurred by you in connection with the sale of
your existing residence and (b) any broker fees and/or commissions (whether incurred in connection with the sale of your existing residence or the purchase of your new residence). In the event that you terminate your employment without Good
Reason or the Company terminates your employment for Cause, in each case, within the first twelve (12) months following your relocation to Folsom, you shall promptly, unless waived by the CEO in his/her sole discretion, remit to the Company any
Duplicate Housing Costs and Relocation Expenses for which you have been paid or reimbursed. In the event that you are entitled to any amounts from the Company upon such termination, to the maximum extent permitted by law, any amounts owed to the
Company pursuant to the foregoing may be deducted from such payments and you will timely execute any documents necessary to facilitate such deduction. 

5. You will be eligible to receive a certain amount of incentive equity (the “Incentive Equity”) of Severin Topco, LLC, an
indirect parent of the Company (as such company’s name may change from time to time and such company’s successors and assigns, “Parent”), which Incentive Equity shall be issued under Parent’s Amended and Restated
Limited Liability Company Agreement (as amended, restated or otherwise modified from time to time, the “LLC Agreement”) and which shall represent approximately 0.4% of the fully diluted equity interests of Parent at the time of
issuance. Incentive Equity shall be comprised of awards intended to be treated as “profits interests” for federal income tax purposes pursuant to Revenue Procedures 93-27 and 2001-43. 
 The Incentive Equity that you are eligible to receive will be subject to the terms (including,
but not limited to, the vesting terms and the participation thresholds, as the case may be) as set forth in the LLC Agreement and the grant agreement to which you will be a party (the “Grant Agreement”). Any grant of Incentive
Equity is subject to Parent’s Board of Managers’ approval and the execution of any applicable Grant Agreements. Our intent to recommend such approval is not a promise of compensation and is not intended to create any obligation on the part
of the Company or Parent. Further details on the Incentive Equity and any specific grant of Incentive Equity to you will be provided upon approval of such grant by the Board of Managers of Parent. 

Your Incentive Equity, if granted, will vest as follows, each as more fully set forth in the Grant Agreement (it being understood that such
vesting shall be subject to your continued employment by the Company through the applicable vesting event): 
 • 2/3 of the Incentive
Equity would be subject to time-based vesting over four (4) years, with 25% vesting upon the date that is twelve (12) months after the Closing Date and an additional 1/12th of such Stock Options vesting at the end of each full three
(3) calendar month period thereafter (the vesting of any such unvested time-based Incentive Equity would be accelerated upon a change of control of Parent); and 

  
 2 

 • 1/3 of the Incentive Equity would vest if any equity
buy-out investment fund managed or controlled by Vista Equity Partners, and any of such funds’ respective portfolio companies (collectively, “Vista”) received cumulative cash
distributions or other cash proceeds, contributions and/or net sale proceeds in respect of the securities of Parent or its subsidiaries held by Vista or any loans provided to Parent or its subsidiaries by Vista (“Vista’s Return”)
such that Vista’s Return equals or exceeds three hundred percent (300%) of Vista’s total investment in Parent and its subsidiaries (whether in exchange for equity, indebtedness or otherwise) (calculated pursuant to the formula set
forth in the Grant Agreement). 
 Notwithstanding anything in the LLC Agreement, the Grant Agreement or this letter to the contrary, in the
event that such sales proceeds include non-cash consideration, the value of such non-cash consideration shall be determined by the Board of Managers of Parent in its good faith discretion in order to determine
if the above vesting thresholds have been met. If such thresholds have been met, you will receive an equal proportion of your proceeds from the sale of any equity interests of the Parent in such non-cash
consideration. 
 Notwithstanding the foregoing, in the event that, within six (6) months following the date hereof, the Company enters
into definitive documents (a “Signing”) with respect to a Sale of the Company (as defined in the LLC Agreement) (for purposes herein, a “Transaction”), and such Transaction is actually consummated within six
(6) months following a Signing, the Incentive Equity will be forfeited for no additional consideration. 
 In the event of such a
Transaction, the following will also apply: 
 - You will be paid a transaction bonus of $500,000, payable within 30 days of the Transaction
and contingent on your continued employment with the Company (or its successor) through the applicable payment date; 
 - You will be granted
equity interests in the Company (or its successor or an applicable parent entity) with an “equity at work” value of $1.8 million (the “Successor Equity Interests”), with such valuation being determined in good faith in
accordance with your discussions prior to the date hereof with the Company and the applicable materials that you were provided in connection with such discussions; and 

- In the event that you are terminated without Cause during the twelve (12)-month period following the Transaction, the Company (or the
applicable issuing entity) will repurchase such Successor Equity Interests for the fair market value thereof (the “Repurchase Price”) and, in addition, you will be provided an additional termination bonus equal to the positive difference,
if any, between $1.5 million minus the Repurchase Price; provided, that any such termination bonus amount will be contingent upon your execution of a Release Agreement (as defined below). 

6. There are some formalities that you need to complete as a condition of your employment: 

- You must carefully consider and sign the Company’s standard “Employment and Restrictive Covenants Agreement - California”
(attached to this letter as Exhibit A). Because the Company and its affiliates are engaged in a continuous program of research, development, production and marketing in connection with their business, we wish to reiterate that
it is critical for the Company and its affiliates to preserve and protect its proprietary information and its rights in inventions. 

  
 3 

 - So that the Company has proper records of inventions that may belong to you, we ask that
you also complete Schedule 1 attached to Exhibit A. 
 - You and the Company mutually agree that any disputes that may
arise regarding your employment will be submitted to binding arbitration by the American Arbitration Association. As a condition of your employment, you will need to carefully consider and voluntarily agree to the arbitration clause set forth in
Section 14 of Exhibit A. 
 7. We also wish to remind you that, as a condition of your employment, you are expected
to abide by the Parent’s, the Company’s, and their direct and indirect subsidiaries’ policies and procedures, which policies and procedures may be amended from time to time, at the Company’s sole discretion and employees will be
notified of any amendments to such policies and procedures. 
 8. Your employment with the Company is at will. The Company may terminate your
employment at any time with or without notice, and for any reason or no reason. Notwithstanding any provision to the contrary contained in Exhibit A, you shall be entitled to terminate your employment with the Company at any time and
for any reason or no reason by giving notice in writing to the Company of not less than four (4) weeks (“Notice Period”), unless otherwise agreed to in writing by you and the Company. In the event of such notice, the Company
reserves the right, in its discretion, to give immediate effect to your resignation in lieu of requiring or allowing you to continue work throughout the Notice Period; provided that the Company pays your Base Salary in lieu of the Notice Period. You
shall continue to be an employee of the Company during the Notice Period, and thus owe to the Company the same duty of loyalty you owed it prior to giving notice of your termination. The Company may, during the Notice Period, relieve you of all of
your duties and prohibit you from entering the Company’s offices. 
 9. If the Company terminates your employment without
“Cause” or you voluntarily terminate your employment for a “Good Reason”, you will be entitled to receive a severance payment equal to six (6) months of your then applicable Base Salary and, at the sole discretion of the
Board, a pro-rated portion of any bonus that may have been earned by you during the fiscal year in which such termination occurs, less deductions and withholdings required by law or authorized by you (the
“Severance Pay”). For purposes of this section, “Cause” and “Good Reason” have the meaning set forth in Exhibit B attached hereto. The Company will not be required to pay the Severance
Pay unless (a) you execute and deliver to the Company an agreement (“Release Agreement”) in a form satisfactory to the Company releasing from all liability (other than the payments and benefits contemplated by this letter) the
Company, each member of the Company, and any of their respective past or present officers, directors, managers, employees investors, agents or affiliates, including Vista, and you do not revoke such Release Agreement during any applicable revocation
period, (b) such Release Agreement is executed and delivered (and no longer subject to revocation, if applicable) within sixty (60) days following the date of your termination of employment, and (c) you have not breached the
provisions of Sections 4 through 10 and 16 of Exhibit A, the terms of this letter or any agreement between you and the Company or the provisions of the Release Agreement. If the Release Agreement is executed and delivered and no longer
subject to revocation as provided in the preceding sentence, then the Severance Pay shall be paid in accordance with the Company’s general payroll practices at the time of termination and commencing on the sixtieth (60th) day following your
termination of employment. The first payment of Severance Pay shall include payment of all amounts that otherwise would have been due prior thereto under the terms of this letter had such payments commenced immediately upon your termination of
employment, and any payments made thereafter shall continue as provided herein. 

  
 4 

 10. You shall not make any statement that would libel, slander or disparage the Company, any
member of the Company or its affiliates or any of their respective past or present officers, directors, managers, stockholders, employees or agents. 

11. While we look forward to a long and profitable relationship, you will be an at-will employee of the
Company as described in Section 8 of this letter and Section 3 of Exhibit A. Any statements or representations to the contrary (and, indeed, any statements contradicting any provision in this letter) are, and
should be regarded by you, as ineffective. Further, your participation in any benefit program or other Company program, if any, is not to be regarded as assuring you of continuing employment for any particular period of time. 

12. Please note that because of employer regulations adopted in the Immigration Reform and Control Act of 1986, within three (3) business
days of starting your new position you will need to present documentation establishing your identity and demonstrating that you have authorization to work in the United States. If you have questions about this requirement, which applies to U.S.
citizens and non-U.S. citizens alike, you may contact our personnel office. 
 13. It should also be
understood that all offers of employment are conditioned on the Company’s completion of a satisfactory background check, including a drug screening process. The Company reserves the right to perform background checks during the term of your
employment, subject to compliance with applicable laws. You will be required to execute forms authorizing such a background check. 

14. This letter along with its Exhibits and the documents referred to herein constitute the entire agreement and understanding of the parties
with respect to the subject matter of this letter, and supersede all prior understandings and agreements, including but not limited to severance, employment or similar agreements, whether oral or written, between or among you and the Company or its
predecessor with respect to the specific subject matter hereof. 
 15. In the event of a conflict between the terms of this letter and the
provisions of Exhibit A, the terms of this letter shall prevail. 
 16. Notwithstanding any other provision herein, the Company shall
be entitled to withhold from any amounts otherwise payable hereunder any amounts required to be withheld in respect to federal, state or local taxes. 

17. The intent of the parties is that payments and benefits under this letter be exempt from or comply with Code Section 409A and the
regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this letter shall be interpreted to be in compliance therewith. In no event
whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on you by Code Section 409A or damages for failing to comply with Code Section 409A. A termination of employment shall not be deemed to
have occurred for purposes of any provision of this letter providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of
Code Section 409A and, for purposes of any such provision of this letter, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” For purposes of Code
Section 409A, your right to receive any installment payments pursuant to this letter shall be treated as a right to receive a series of separate 

  
 5 

 
and distinct payments. To the extent that reimbursements or other in-kind benefits under this letter constitute “nonqualified deferred
compensation” for purposes of Code Section 409A, (a) all such expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by
you, (b) any right to such reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (c) no such reimbursement, expenses eligible for reimbursement,
or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other
taxable year. Notwithstanding any other provision of this letter to the contrary, in no event shall any payment under this letter that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to
offset by any other amount unless otherwise permitted by Code Section 409A. 
 18. The effective date of employment under the terms of
this offer is expected to be on or about January 3, 2018. If you decide to accept the terms of this letter, and I hope you will, please signify your acceptance of these conditions of employment by signing and dating the enclosed copy of this
letter and its Exhibit A and returning them to me, not later than December 11, 2017. Should you have anything that you wish to discuss, please do not hesitate to contact me at ****. 

  
 6 

 By signing this letter and Exhibit A attached hereto, you represent and warrant that you have had the
opportunity to seek the advice of independent counsel before signing and have either done so, or have freely chosen not to do so, and either way, you sign this letter voluntarily. 

 

	
	Very truly yours,
	
	/s/ Hardeep Gulati
	Hardeep Gulati
	Chief Executive Officer

 I have read and understood this letter and Exhibit A attached and hereby acknowledge, accept and agree to the
terms set forth therein. 
  

					
	 /s/ Devendra Singh
	  		  	Date signed: 12/11/2017
	Signature	  		  	
	Name: Devendra Singh	  		  	

 LIST OF EXHIBITS 

Exhibit A: Employment and Restrictive Covenants Agreement - California 

Exhibit B: Certain Definitions 

  
 7 

 EXHIBIT A 

Employment and Restrictive Covenants Agreement - California 

(See Attached) 

 EMPLOYMENT AND RESTRICTIVE COVENANTS AGREEMENT—CALIFORNIA 

This Employment and Restrictive Covenants Agreement (the “Agreement”) is made effective December 11, 2017 (the “Effective
Date”), by and between PowerSchool Group LLC (together with its affiliates and related companies, hereafter referenced as “Company”) and Devendra Singh (hereafter referenced as “Employee”). 

1. PURPOSE. In connection with Employee’s employment by the Company (the “Employment”), Employee and the
Company wish to set forth the terms and conditions under which Employee will be employed by the Company, and certain restrictions applicable to Employee as a result of the Employment with the Company. This Agreement is intended: to allow the parties
to engage in the Employment, with the Company giving Employee access to the Company’s customers, employees, and Confidential Information (as that term is defined below); to protect the Company’s business, information, and relationships
against unauthorized competition, solicitation, recruitment, use, or disclosure; and to clarify Employee’s legal rights and obligations. 

2. THE BUSINESS OF THE COMPANY. The Company is engaged in the business of investing and operating in software and
technology-enabled businesses, including a continuous program of research, development, production and marketing (collectively the “Business” of the Company). Employee acknowledges that the Company has a legitimate interest in protecting
its Confidential Information, trade secrets, customer relationships, customer goodwill, employee relationships, and the special investment and training given to Employee. 

3. “AT WILL” EMPLOYMENT OF EMPLOYEE. Employee shall perform such duties or responsibilities as assigned to
Employee from time to time. The Parties acknowledge that Employee’s employment by the Company at all times is and shall remain “at will,” and may be terminated by either Party at any time, with or without notice and with or without
cause. Employee acknowledges that but for Employee’s execution of this Agreement, Employee would not be employed by the Company. 
  

	 	a.	 Employee acknowledges that Employee’s duties shall entail Employee’s contact with the Company’s
customers to whom Employee is introduced, to which Employee is assigned, whose accounts Employee shall oversee, or for which Employee otherwise is directly or indirectly responsible. Employee further acknowledges that Employee will be given the use
of the Company’s Confidential Information. Employee acknowledges that the Company’s goodwill with its customers and customer prospects, as well as the Company’s Confidential Information, are among the most valuable assets of the
Company’s Business. Accordingly, Employee hereby agrees, acknowledges, covenants, represents and warrants that at all times during Employee’s employment with the Company, Employee will faithfully perform Employee’s duties with the
utmost loyalty to the Company, and will owe a fiduciary duty and duty of loyalty to the Company. Employee agrees that during employment, Employee will do nothing disloyal or adverse to the Company or the Company’s Business, or which creates any
conflict of interest with the Company or the Business of the Company. Employee will abide by the policies of the Company at all times during Employee’s employment, and acknowledges that the Company may unilaterally change its policies,
practices, and procedures at any time, at the sole discretion of the Company. Employee understands and acknowledges that all equipment, communication devices, physical 

	 	
property, documents, information, data bases, furniture, accessories, premises, and any other items provided to Employee while employed by Company, shall at all times remain the sole property of
the Company, and as such, Employee shall have no reasonable expectation of privacy when using such items. 

  

	 	b.	 Employee acknowledges that Employee will be afforded an investment of time, training, money, trust, exposure to
the public, or exposure to customers, vendors, suppliers, investors, joint venture partners, or other business relationships of the Company during the course of the Employment, and Employee’s position gives Employee a high level of influence or
credibility with the Company’s customers, vendors, suppliers, or other business relationships. Employee understands and acknowledges that Employee will possess specialized skills, learning, abilities, customer contacts, or customer information
by reason of working for the Company. 

  

	 	c.	 Employee acknowledges that, through Employee’s employment with the Company, Employee may customarily and
regularly solicit customers and/or prospective customers for the Company, and/or engage in making sales or obtaining orders or contracts for products or services. 

 

	 	d.	 Employee understands that the Company has specifically instructed him/her to refrain from bringing to the
Company any documents or materials or intangibles of a former employer or third party that are not in the public domain, or have not been legally transferred or licensed to the Company, or that might constitute the confidential information or trade
secrets of a prior employer. Employee agrees that when performing duties on behalf of the Company, he/she will not breach any invention assignment, proprietary information, confidentiality, noncompetition, nonsolicitation or other similar agreement
with any former employer or other party. 

 4. DUTY OF LOYALTY. Employee understands that his/her
employment and provision of services on behalf of the Company requires Employee’s undivided attention and effort. Accordingly, during Employee’s employment, Employee agrees that he/she will not, without the Company’s express prior
written consent, (i) engage in any other business activity, unless such activity is for passive investment purposes not otherwise prohibited by this Agreement and will not require Employee to render any services, (ii) be engaged or
interested, directly or indirectly, alone or with others, in any trade, business or occupation in competition with the Company, (iii) take steps, alone or with others, to engage in competition with the Company in the future, or
(iv) appropriate for Employee’s own benefit business opportunities pertaining to the Company’s Business. 
 5.
INVENTIONS 
  

	 	a.	 Prior Inventions. Attached hereto as Schedule 1 is a complete and accurate list describing all
Inventions (as defined below) which were conceived, discovered, created, invented, developed and/or reduced to practice by Employee prior to the commencement of his/her Employment that have not been legally assigned or licensed to the Company
(collectively: “Prior Inventions”). If there are no such Prior Inventions, Employee shall initial Schedule 1 to indicate Employee has no Prior Inventions to disclose. 

  
 Page 2 of 16 

 Employee acknowledges and agrees that if in the course of Employee’s employment,
Employee incorporates or causes to be incorporated into a Company product, service, process, file, system, application or program a Prior Invention, Employee will grant the Company a non-exclusive,
royalty-free, irrevocable, perpetual, worldwide, sublicensable and assignable license to make, have made, copy, modify, make derivative works of, use, offer to sell, sell or otherwise distribute such Prior Invention as part of or in connection with
such product, process, file, system, application or program. 
  

	 	b.	 Disclosure and Assignment of Inventions. Employee agrees to promptly disclose to the Company in writing
all Inventions (as defined below) that Employee conceives, develops and/or first reduces to practice or create, either alone or jointly with others, during the period of Employee’s Employment, and for a period of three (3) months
thereafter, whether or not in the course of Employee’s Employment. Employee further assigns and agrees to assign all of Employee’s rights, title and interest in the Inventions to the Company. In the event that the Company is unable for any
reason to secure Employee’s signature to any document required to file, prosecute, register or memorialize the ownership and/or assignment of any Invention, Employee hereby irrevocably designates and appoints the Company’s duly authorized
officers and agents as Employee’s agents and attorneys-in-fact to act for and on Employee’s behalf and stead to (i) execute, file, prosecute, register
and/or memorialize the assignment and/or ownership of any Invention; (ii) to execute and file any documentation required for such enforcement and (iii) do all other lawfully permitted acts to further the filing, prosecution, registration,
memorialization of assignment and/or ownership of, issuance of and enforcement of any Inventions, all with the same legal force and effect as if executed by Employee. 

Employee acknowledges that he/she is not entitled to use the Inventions for Employee’s own benefit or the benefit of anyone except the
Company without written permission from the Company, and then only subject to the terms of such permission. Employee further agrees that Employee will communicate to the Company, as directed by the Company, any facts known to Employee and testify in
any legal proceedings, sign all lawful papers, make all rightful oaths, execute all divisionals, continuations, continuations-in-part, foreign counterparts, or reissue
applications, all assignments, all registration applications and all other instruments or papers to carry into full force and effect, the assignment, transfer and conveyance hereby made or to be made and generally do everything possible for title to
the Inventions to be clearly and exclusively held by the Company as directed by the Company. 
 For purposes of this Agreement,
“Inventions” means, without limitation, any and all formulas, algorithms, processes, techniques, concepts, designs, developments, technology, ideas, patentable and unpatentable inventions and discoveries, copyrights and works of authorship
in any media now known or hereafter invented (including computer programs, source code, object code, hardware, firmware, software, mask work, applications, files, internet site content, databases and compilations, documentation and related items)
patents, trade and service marks, 

  
 Page 3 of 16 

 
logos, trade dress, corporate names and other source indicators and the good will of any business symbolized thereby, trade secrets, know-how, confidential
and proprietary information, documents, analyses, research and lists (including current and potential customer and user lists) and all applications and registrations and recordings, improvements and licenses that (i) relate in any manner,
whether at the time of conception, design or reduction to practice, to the Company’s Business or its actual or demonstrably anticipated research or development; (ii) result from any work performed by Employee on behalf of the Company; or
(iii) result from the use of the Company’s equipment, supplies, facilities, Confidential Information or Trade Secrets. 
 Employee
recognizes that Inventions or proprietary information relating to Employee’s activities while working for the Company, and conceived, reduced to practice, created, derived, developed, or made by Employee, alone or with others, within three
(3) months after termination of Employee’s employment may have been conceived, reduced to practice, created, derived, developed, or made, as applicable, in significant part while Employee was employed by the Company. Accordingly, Employee
agrees that such Inventions and proprietary information shall be presumed to have been conceived, reduced to practice, created, derived, developed, or made, as applicable, during Employee’s employment with the Company and are to be assigned to
the Company pursuant to this Agreement and applicable law unless and until Employee has established the contrary by clear and convincing evidence. 
  

	 	c.	 Work for Hire. Employee acknowledges and agrees that any copyrightable works prepared by Employee within
the scope of Employee’s employment are “works made for hire” under the Copyright Act and that the Company will be considered the author and owner of such copyrightable works. Any copyrightable works the Company specially commissions
from Employee while Employee is employed also shall be deemed a work made for hire under the Copyright Act and if for any reason such work cannot be so designated as a work made for hire, Employee agrees to and hereby assigns to the Company, as
directed by the Company, all right, title and interest in and to said work(s). Employee further agrees to and hereby grants the Company, as directed by the Company, a non-exclusive, royalty-free, irrevocable,
perpetual, worldwide, sublicensable and assignable license to make, have made, copy, modify, make derivative works of, use, publicly perform, display or otherwise distribute any copyrightable works Employee creates during Employee’s Employment.

  

	 	d.	 Assignment of Other Rights. In addition to the foregoing assignment of Inventions to the Company,
Employee hereby irrevocably transfers and assigns to the Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other intellectual property rights in any Inventions; and (ii) any and all
“Moral Rights” (as defined below) that Employee may have in or with respect to any Inventions. Employee also hereby forever waives and agrees never to assert any and all Moral Rights Employee may have in or with respect to any Inventions,
even after termination of Employee’s work on behalf of the Company. “Moral Rights” mean any rights to claim authorship of any Inventions, to object to or prevent the 

  
 Page 4 of 16 

	 	
modification of any Inventions, or to withdraw from circulation or control the publication or distribution of any Inventions, and any similar right, existing under applicable judicial or
statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred to as a “moral right.” 

 

	 	e.	 Applicability to Past Activities. To the extent Employee has been engaged to provide services by the
Company or its predecessor for a period of time before the effective date of this Agreement (the “Prior Engagement Period”), Employee agrees that if and to the extent that, during the Prior Engagement Period: (i) Employee received
access to any information from or on behalf of the Company that would have been proprietary information if Employee had received access to such information during the period of Employee’s Employment with the Company under this Agreement; or
(ii) Employee conceived, created, authored, invented, developed or reduced to practice any item, including any intellectual property rights with respect thereto, that would have been an Invention if conceived, created, authored, invented,
developed or reduced to practice during the period of Employee’s Employment with the Company under this Agreement; then any such information shall be deemed proprietary information hereunder and any such item shall be deemed an Invention
hereunder, and this Agreement shall apply to such information or item as if conceived, created, authored, invented, developed or reduced to practice under this Agreement. 

 

	 	f.	 Employee shall not be held criminally or civilly liable under any Federal or State trade secret law for the
disclosure of a trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a
suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

  

	 	g.	 Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for
disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this Agreement have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an
attorney, for the sole purpose of reporting or investigating a suspected violation of law. The parties also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and
protected from public disclosure. 

  

	 	h.	 Assignment Exception – California Labor Code § 2870 

Section 2870 of the California Labor Code exempts from this assignment provision any invention as to which Employee can prove the
following: 
  

	 	i.	 It was developed entirely on Employee’s own time; and 

  
 Page 5 of 16 

	 	ii.	 No equipment, supplies, facility or trade secret of the Company or any of its affiliated entities was used in
its development; and 

  

	 	iii.	 It neither 

  

	 	1.	 relates at the time of its conception or reduction to practice to the business of the Company or to the
Company’s actual or demonstrably anticipated research and development; nor 

  

	 	2.	 results from any work performed by Employee for the Company. 

The provisions of this Agreement requiring assignment to the Company do not apply to any invention which qualifies fully under the provisions
of Section 2870 of the California Labor Code. Employee will advise the Company promptly in writing of any inventions, original works of authorship, developments, improvements or trade secrets that Employee believes meet the criteria in (i),
(ii), and (iii) above; and Employee will at that time provide to the Company in writing all evidence necessary to substantiate that belief. Employee understands that the Company will keep in confidence and will not disclose to third parties
without Employee’s consent any confidential information disclosed in writing to the Company relating to inventions that qualify fully under the provisions of Section 2870 of the California Labor Code. 

6. NONDISCLOSURE AGREEMENT. 
  

	 	a.	 Employee expressly agrees that, throughout the term of Employee’s Employment with the Company and at all
times following the termination of Employee’s Employment from the Company, for so long as the information remains confidential, Employee will not use or disclose any Confidential Information disclosed to Employee by the Company, other than for
the purpose to carry out the Employment for the benefit of the Company (but in all cases preserving confidentiality by following the Company’s policies and obtaining appropriate non-disclosure
agreements). Employee shall not, directly or indirectly, use or disclose any Confidential Information to third parties, nor permit the use by or disclosure of Confidential Information by third parties. Employee agrees to take all reasonable measures
to protect the secrecy of and avoid disclosure or use of Confidential Information in order to prevent it from falling into the public domain or into the possession of any Competing Business or any persons other than those persons authorized under
this Agreement to have such information for the benefit of the Company. Employee agrees to notify the Company in writing of any actual or suspected misuse, misappropriation, or unauthorized disclosure of Confidential Information that may come to
Employee’s attention. Employee acknowledges that if Employee discloses or uses knowledge of the Company’s Confidential Information to gain an advantage for Employee, for any Competing Business, or for any other person or entity other than
the Company, such an advantage so obtained would be unfair and detrimental to the Company. 

  
 Page 6 of 16 

	 	b.	 Employee expressly agrees that Employee’s duty of non-use and non-disclosure shall continue indefinitely for any information of the Company that constitutes a Trade Secret under applicable law, so long as such information remains a Trade Secret. 

7. RETURN OF COMPANY PROPERTY AND MATERIALS. Any Confidential Information, trade secrets, materials, equipment,
information, documents, electronic data, or other items that have been furnished by the Company to Employee in connection with the Employment are the exclusive property of the Company and shall be promptly returned to the Company by Employee,
accompanied by all copies of such documentation, immediately when the Employment has been terminated or concluded, or otherwise upon the written request of the Company. Employee shall not retain any copies of any Company information or other
property after the Employment ends, and shall cooperate with the Company to ensure that all copies, both written and electronic, are immediately returned to the Company. Employee shall cooperate with Company representatives and allow such
representatives to oversee the process of erasing and/or permanently removing any such Confidential Information or other property of the Company from any computer, personal digital assistant, phone, or other electronic device, or any cloud-based
storage account or other electronic medium owned or controlled by Employee. 
 8. LIMITED NONCOMPETE AGREEMENT.
Employee expressly agrees that Employee will not (either directly or indirectly, by assisting or acting in concert with others) Compete with the Company during Employee’s employment with the Company. 

9. NONSOLICITATION OF CUSTOMERS/PROSPECTIVE CUSTOMERS. Employee expressly agrees that during Employee’s employment
with the Company, Employee will not (either directly or indirectly, by assisting or acting in concert with others), on behalf of himself/herself or any other person, business, entity, including but not limited to on behalf of a Competing Business,
call upon, solicit, or attempt to call upon or solicit any business from any Customer or Prospective Customer for the purpose of providing services substantially similar to the Services. 

10. NONRECRUITMENT OF EMPLOYEES. Employee expressly agrees that during the Restricted Period, Employee will not, on
behalf of himself/herself or any other person, business, or entity (either directly or indirectly, by assisting or acting in concert with others), solicit, recruit, or encourage, or attempt to solicit, recruit, or encourage any of the Company’s
employees, in an effort to hire such employees away from the Company, or to encourage any of the Company’s employees to leave employment with the Company to work for a Competing Business. 

11. REMEDIES; INDEMNIFICATION. Employee agrees that the obligations set forth in this Agreement are necessary and
reasonable in order to protect the Company’s legitimate business interests and (without limiting the foregoing) that the obligations set forth in Sections 8, 9 and 10 are necessary and reasonable in order to protect the Company’s
legitimate business interests in protecting its Confidential Information, Trade Secrets, customer and employee relationships and the goodwill associated therewith. Employee expressly agrees that due to the unique nature of the Company’s
Confidential Information, and its relationships with its Customers and other employees, monetary damages would be inadequate to compensate the Company for any breach by Employee of the covenants and agreements set forth in this Agreement.
Accordingly, Employee agrees and acknowledges that any such violation or threatened violation shall cause irreparable injury to the Company and that, in addition to any other remedies that may be available in law, in equity, or otherwise, the
Company shall be entitled: (a) to obtain 

  
 Page 7 of 16 

 
injunctive relief against the threatened breach of this Agreement or the continuation of any such breach by Employee, without the necessity of proving actual damages; and (b) to be
indemnified by Employee from any loss or harm; and (c) to recover any costs or attorneys’ fees, arising out of or in connection with any breach by Employee or enforcement action relating to Employee’s obligations under this Agreement.

 12. INJUNCTIVE RELIEF; TOLLING. Notwithstanding the arbitration provisions contained herein, or anything else to the
contrary in this Agreement, Employee understands that the violation of any restrictive covenants of this Agreement may result in irreparable and continuing damage to the Company for which monetary damages will not be sufficient, and agrees that
Company will be entitled to seek, in addition to its other rights and remedies hereunder or at law and both before or while an arbitration is pending between the parties under this Agreement, a temporary restraining order, preliminary injunction or
similar injunctive relief from a court of competent jurisdiction in order to preserve the status quo or prevent irreparable injury pending the full and final resolution of the dispute through arbitration, without the necessity of showing any actual
damages or that monetary damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned injunctive relief shall be in addition to, not in lieu of, legal remedies, monetary damages or
other available forms of relief through arbitration proceedings. This Section shall not be construed to limit the obligation for either party to pursue arbitration. The Restricted Period as defined in this Agreement may be extended during the
pendency of any litigation (including appeals) or arbitration proceeding, in order to give the Company the full protection of the restrictive covenants as described in this Agreement. 

13. DEFINITIONS. For all purposes throughout this Agreement, the terms defined below shall have the respective meanings specified
in this section. 
  

	 	a.	 “Customer” of the Company shall mean any business or entity with which Employee had Material
Contact, for the purpose of providing Services, during the twelve (12) months preceding Employee’s termination date. 

  

	 	b.	 “Compete” shall mean to provide Competitive Services, whether Employee is acting on behalf of
himself/herself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a Customer. 

 

	 	c.	 “Competitive Services” shall mean the business or process of researching into, developing,
manufacturing, distributing, selling, supplying or otherwise dealing with (including but not limited to technical and product support, professional services, technical advice and other customer services) compliant online solutions, including
registration and school choice, student information systems, learning management and classroom collaboration, assessment, analytics, and special education management, and any other services of the type or similar to the type provided, conducted,
authorized, or offered by the Company or any predecessor within the two (2) years prior to the termination of your employment. 

  

	 	d.	 “Competing Business” shall mean any entity, including but not limited to any person, company,
partnership, corporation, limited liability company, association, organization or other entity that provides Competitive Services. 

  
 Page 8 of 16 

	 	e.	 “Confidential Information” shall mean sensitive business information having actual or
potential value to the Company because it is not generally known to the general public or ascertainable by a Competing Business, and which has been disclosed to Employee, or of which Employee will become aware, as a consequence of the Employment
with the Company, including any information related to: the Company’s investment strategies, management planning information, business plans, operational methods, market studies, marketing plans or strategies, patent information, business
acquisition plans, past, current and planned research and development, formulas, methods, patterns, processes, procedures, instructions, designs, inventions, operations, engineering, services, drawings, equipment, devices, technology, software
systems, price lists, sales reports and records, sales books and manuals, code books, financial information and projections, personnel data, names of customers, customer lists and contact information, customer pricing and purchasing information,
lists of targeted prospective customers, supplier lists, product/service and marketing data and programs, product/service plans, product development, advertising campaigns, new product designs or roll out, agreements with third parties, or any such
similar information. Confidential Information shall also include any information disclosed to the Company by a third party (including, but not limited to, current or prospective customers) that the Company is obliged to treat as confidential.
Confidential Information may be in written or non-written form, as well as information held on electronic media or networks, magnetic storage, cloud storage service, or other similar media. The Company has
invested and will continue to invest extensive time, resources, talent, and effort to develop its Confidential Information, all of which generates goodwill for the Company. Employee acknowledges that the Company has taken reasonable and adequate
steps to control access to the Confidential Information and to prevent unauthorized disclosure, which could cause injury to the Company. This definition shall not limit any broader definition of “confidential information” or any equivalent
term under applicable state or federal law. 

  

	 	f.	 “Material Contact” shall mean actual contact between Employee and a Customer with whom
Employee dealt on behalf of the Company; or whose dealings with the Company were coordinated or supervised by Employee; or who received goods or services from the Company that resulted in payment of commissions or other compensation to Employee; or
about whom Employee obtained Confidential Information because of Employee’s Employment with the Company. 

  

	 	g.	 “Prospective Customer” shall mean any business or entity with whom Employee had Material
Contact, for the purpose of attempting to sell or provide Services, and to whom Employee provided a bid, quote for Services, or other Confidential Information of the Company, during the twelve (12) months preceding Employee’s termination
date. 

  

	 	h.	 “Restricted Period” shall mean the entire term of Employee’s employment with the Company
and a two (2) year period immediately following the termination of Employee’s employment, unless otherwise delineated or described in the “end notes and exceptions” at the end of this Agreement. 

 

	 	i.	 “Restricted Territory” shall mean the geographic area in which or with respect to which
Employee provided or attempted to provide any Services or performed operations on behalf of the Company as of the date of termination or during the twelve (12) months preceding Employee’s termination date. 

  
 Page 9 of 16 

	 	j.	 “Trade Secrets” shall mean the business information of the Company that is competitively
sensitive and which qualifies for trade secrets protection under applicable trade secrets laws, including but not limited to the Defend Trade Secrets Act. This definition shall not limit any broader definition of “trade secret” or any
equivalent term under any applicable local, state or federal law. 

  

	 	k.	 “Services” shall mean the types of work product, processes and work-related activities
relating to the Business of the Company performed by Employee during the Employment. 

 14. MANDATORY ARBITRATION
CLAUSE; NO JURY TRIAL. A Party may bring an action in court to obtain a temporary restraining order, preliminary injunction or other provisional remedy available under California Code of Civil Procedure § 1281.8 in response to
any violation or threatened violation of the restrictive covenants set forth in this Agreement, or for any other purpose for which a provisional remedy may be obtained pursuant that statute. Otherwise, Employee expressly agrees and acknowledges that
the Company and Employee will utilize binding arbitration to resolve all disputes that may arise out of the employment context. 
  

	 	a.	 Both the Company and Employee hereby agree that any claim, dispute, and/or controversy that Employee may have
against the Company (or its owners, directors, officers, managers, employees, agents, insurers and parties affiliated with its employee benefit and health plans), or that the Company may have against Employee, arising from, related to, or having any
relationship or connection whatsoever to the Employment, shall be submitted to and determined exclusively by binding arbitration under the Federal Arbitration Act (9 U.S.C. §§ 1, et seq.) in conformity with the Federal Rules
of Civil Procedure. Included within the scope of this Agreement are all disputes including, but not limited to, any claims alleging employment discrimination, harassment, hostile environment, retaliation, whistleblower protection, wrongful
discharge, constructive discharge, failure to grant leave, failure to reinstate, failure to accommodate, tortious conduct, breach of contract, and/or any other claims Employee may have against the Company for any exemption misclassification, unpaid
wages or overtime pay, benefits, payments, bonuses, commissions, vacation pay, leave pay, workforce reduction payments, costs or expenses, emotional distress, pain and suffering, or other alleged damages arising out of the Employment or termination.
Also included are any claims based on or arising under Title VII, 42 USC Section 1981, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act,
Sarbanes-Oxley, all as amended, or any other state or federal law or regulation, equitable law, or otherwise relating in any way to the employment relationship. 

 

	 	b.	 Nothing herein, however, shall prevent Employee from filing and pursuing proceedings before the United States
Equal Employment Opportunity Commission or similar state agency (although if Employee chooses to pursue any type of claim for relief following the exhaustion of such administrative remedies, such claim would be subject to resolution under these
mandatory arbitration provisions). In addition, nothing herein shall prevent Employee from filing an administrative claim for unemployment benefits or workers’ compensation benefits. 

  
 Page 10 of 16 

	 	c.	 Nothing in the confidentiality or nondisclosure or other provisions of this Agreement shall be construed to
limit Employee’s right to respond accurately and fully to any question, inquiry or request for information when required by legal process or from initiating communications directly with, or responding to any inquiry from, or providing testimony
before, any self-regulatory organization or state or federal regulatory authority, regarding the Company, Employee’s Employment, or this Agreement. Employee is not required to contact the Company regarding the subject matter of any such
communications before engaging in such communications. Employee also understands that Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (1) is made
(a) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (b) solely for the purpose of reporting or investigating a suspected violation of law; or (2) is made in a
complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Employee also understands that disclosure of trade secrets to attorneys, in legal proceedings if disclosed under seal, or pursuant to court order
is also protected under 18 U.S. Code §1833 when disclosure is made in connection with a retaliation lawsuit based on the reporting of a suspected violation of law. 

 

	 	d.	 In addition to any other requirements imposed by law, the arbitrator selected shall be a qualified individual
mutually selected by the Parties, and shall be subject to disqualification on the same grounds as would apply to a judge. All rules of pleading, all rules of evidence, all statutes of limitations, all rights to resolution of the dispute by means of
motions for summary judgment, and judgment on the pleadings shall apply and be observed. Resolution of the dispute shall be based solely upon the law governing the claims and defenses pleaded, and the arbitrator may not invoke any basis (including
but not limited to, notions of “just cause”) other than such controlling law. Likewise, all communications during or in connection with the arbitration proceedings are privileged. The arbitrator shall have the authority to award
appropriate substantive relief under relevant laws, including the damages, costs and attorneys’ fees that would be available under such laws. 

  

	 	e.	 Employee’s initial share of the arbitration fee shall be in an amount equal to the filing fee as would be
applicable in a court proceeding, or $100, whichever is less. Beyond the arbitration filing fee, Employer will bear all other fees, expenses and charges of the arbitrator. 

 

	 	f.	 Employee understands and agrees that all claims against the Company must be brought in Employee’s
individual capacity and not as a plaintiff or class member in any purported class or representative proceeding. Employee understands that there is no right or authority for any dispute to be heard or arbitrated on a collective action basis,
class action basis, as a private attorney general, or on bases involving claims or disputes brought in a representative capacity on behalf of the general public, on behalf of other Company employees (or any of them) or on behalf of other persons
alleged to be similarly situated. Employee understands that there are no bench or jury trials and no class actions or representative actions permitted under this Agreement. The Arbitrator shall not consolidate claims of different employees into

  
 Page 11 of 16 

	 	
one proceeding, nor shall the Arbitrator have the power to hear an arbitration as a class action, collective action, or representative action. The interpretation of this subsection shall be
decided by a judge, not the Arbitrator. Notwithstanding the provisions in Paragraph 21 below, this subparagraph (f) is material to the arbitration provisions of Paragraph 14 herein and cannot be severed from Paragraph 14. In the event it is
determined that this subparagraph (f) is unenforceable with regard to a claim, dispute and/or controversy as set forth in subparagraph (a) above, this will render Paragraph 14 unenforceable in its entirety. Severance of Paragraph 14 from
the Agreement shall not affect the enforcement of the remainder of the Agreement. 

  

	 	g.	 Procedure. Employee and Company agree that prior to the service of an Arbitration Demand, the parties shall
negotiate in good faith for a period of thirty (30) days in an effort to resolve any arbitrable dispute privately, amicably and confidentially. To commence an arbitration pursuant to this Agreement, a party shall serve a written arbitration
demand (the “Demand”) on the other party by hand delivery or via overnight delivery service (in a manner that provides proof of receipt by respondent). The Demand shall be served before expiration of the applicable statute of limitations.
The Demand shall describe the arbitrable dispute in sufficient detail to advise the respondent of the nature and basis of the dispute, state the date on which the dispute first arose, list the names and addresses of every person whom the claimant
believes does or may have information relating to the dispute, including a short description of the matter(s) about which each person is believed to have knowledge, and state with particularity the relief requested by the claimant, including a
specific monetary amount, if the claimant seeks a monetary award of any kind. If respondent does not provide a written Response to the Demand, all allegations will be considered denied. The parties shall confer in good faith to attempt to agree upon
a suitable arbitrator, and if unable to do so, they will select an arbitrator from the American Arbitration Association (“AAA”)’s employment arbitration panel for the area. The arbitrator shall allow limited discovery, as appropriate
in his or her discretion. The arbitrator’s award shall include a written reasoned opinion. 

  

	 	h.	 Unless Employee initials in the space at the end of this paragraph, Employee understands, agrees, and consents
to this binding arbitration provision, and Employee and the Company hereby each expressly waive the right to trial by jury of any claims arising out of Employment with the Company. By initialing below, Employee opts out of the binding
arbitration provisions of Paragraph 14, including the class action waiver. Employee’s Initials:                  

15. NOTICE OF VOLUNTARY TERMINATION OF EMPLOYMENT. Unless otherwise stated in Employee’s offer letter of employment,
Employee agrees to use reasonable efforts to provide the Company fourteen (14) days written notice of Employee’s intent to terminate Employee’s Employment; provided, however, that this provision shall not change the at-will nature of the employment relationship between Employee and the Company. It shall be within the Company’s sole discretion to determine whether Employee should continue to perform services on behalf of
the Company during this notice period. 

  
 Page 12 of 16 

 16. NON-DISPARAGEMENT. During and
after Employee’s Employment with the Company, except to the extent compelled or required by law, Employee agrees he/she shall not disparage the Company, its customers and suppliers or their respective officers, directors, agents, servants,
employees, attorneys, shareholders, successors or assigns or their respective products or services, in any manner (including but not limited to, verbally or via hard copy, websites, blogs, social media forums or any other medium); provided, however,
that nothing in this Section shall prevent Employee from: engaging in concerted activity relative to the terms and conditions of Employee’s Employment and in communications protected under the National Labor Relations Act, filing a charge or
providing information to any governmental agency, or from providing information in response to a subpoena or other enforceable legal process or as otherwise required by law. 

17. NOTIFICATION OF NEW EMPLOYER. Before Employee accepts Employment or enters into any consulting, independent contractor, or
other professional or business engagement with any other person or entity while any of the provisions of Sections 9, 10 or 11 of this Agreement are in effect, Employee will provide such person or entity with written notice of the provisions of
Sections 9, 10 and/or 11 and will deliver a copy of that notice to the Company. While any of Sections 9, 10 or 11 of this Agreement are in effect, Employee agrees that, upon the request of the Company, Employee will furnish the Company with the name
and address of any new employer or entity for whom Employee provides contractor or consulting services, as well as the capacity in which Employee will be employed or otherwise engaged. Employee hereby consents to the Company’s notifying
Employee’s new employer about Employee’s responsibilities, restrictions and obligations under this Agreement. 
 18.
REIMBURSEMENT TO COMPANY. To the extent allowed by applicable law, Employee agrees to reimburse the Company for any amounts due as a result of the Employment, including, but not limited to, any unused business expense advances, charges
for Company property that Employee fails to return when requested or that Employee lost or damaged as the result of a dishonest, willful or grossly negligent act, and any other charges incurred that are payable to the Company. Employee agrees to
enter into a repayment arrangements and execute instruments or documents as may be provided by Company to effectuate this provision. 
 19.
NO RIGHTS GRANTED. Nothing in this Agreement shall be construed as granting to Employee any rights under any patent, copyright, or other intellectual property right of the Company, nor shall this Agreement grant Employee any
rights in or to Confidential Information of the Company other than the limited right to review and use such Confidential Information solely for the purpose of participating in the Employment for the benefit of the Company. 

20. SUCCESSORS AND ASSIGNS. This Agreement will be binding upon Employee’s heirs, executors, administrators and other
legal representatives and will be for the benefit of the Company, its successors, its assigns and licensees. This Agreement, and Employee’s rights and obligations hereunder, may not be assigned by Employee; however, the Company may assign its
rights hereunder without Employee’s consent, whether in connection with any sale, transfer or other disposition of any or all of its business or assets or otherwise. 

21. SEVERABILITY AND REFORMATION. Employee and the Company agree that if any particular paragraphs, subparagraphs, phrases,
words, or other portions of this Agreement are determined by an appropriate court, arbitrator, or other tribunal to be invalid or unenforceable as written, they shall be modified as necessary to comport with the reasonable intent and expectations of
the parties and in favor of 

  
 Page 13 of 16 

 
providing maximum reasonable protection to the Company’s legitimate business interests. Such modification shall not affect the remaining provisions of this Agreement. If such provisions
cannot be modified to be made valid or enforceable, then they shall be severed from this Agreement, and all remaining terms and provisions shall remain enforceable. 

22. ENTIRE AGREEMENT; AMENDMENT. This Agreement contains the entire agreement between the Parties relating to the subject matters
contained herein. No term of this Agreement may be amended or modified unless made in writing and executed by both Employee and an authorized agent of the Company. This Agreement replaces and supersedes all prior representations, understandings, or
agreements, written or oral, between Employee and the Company with regard to restrictive covenants, post-employment restrictions, and mandatory arbitration. 

23. WAIVER. Failure to fully enforce any provision of this Agreement by either Party shall not constitute a waiver of any term
hereof by such Party; no waiver shall be recognized unless expressly made in writing, and executed by the Party that allegedly made such waiver. 

24. CONSTRUCTION. The Parties agree that this Agreement has been reviewed by each Party, each Party had an opportunity to
make suggestions about the provisions of the Agreement, and each Party had sufficient opportunity to obtain the advice of legal counsel on matters of contract interpretation, if desired. The Parties agree that this Agreement shall not be construed
or interpreted more harshly against one Party merely because one Party was the original drafter of the Agreement. 
 25.
COUNTERPARTS. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same legally recognized instrument. 

26. THIRD-PARTY BENEFICIARIES. Employee specifically acknowledges and agrees that the direct and indirect subsidiaries, parents,
owners, and affiliated companies of the Company are intended to be beneficiaries of this Agreement and shall have every right to enforce the terms and provisions of this Agreement in accordance with the provisions of this Agreement. 

27. NOTICES. Notices regarding this Agreement shall be sent via email or to the mailing addresses of the Parties as set
forth in the signature block to this Agreement. 
 28. GOVERNING LAW AND FORUM SELECTION. This Agreement shall be
governed by and construed in accordance with the Federal Arbitration Act. Any non-arbitration-covered disputes shall be resolved under the substantive laws and in the jurisdiction of the state where Employee
most recently worked for the Company. 

  
 Page 14 of 16 

 The Parties have executed this Employment and Restrictive Covenants Agreement, which is
effective as of the Effective Date written above. 

 

			
	For Employee:
		
	Signature:	 	 /s/ DEVENDRA SINGH

			
		
	Printed Name:	 	 DEVENDRA SINGH

			
		
	Email:	 	
             

			
		
	Date:	 	 12/11/2017

			
	For Company
		
	Signature:	 	 /s/ HARDEEP GULATI

			
		
	Printed Name:	 	 HARDEEP GULATI

			
		
	Title:	 	 CEO

			
		
	Date:	 	 12/12/2017

  

 

  
 Page 15 of 16 

 Schedule 1 

(List of Employee’s Prior Inventions) 

D.S By initialing here, I represent and warrant that I have no Prior Inventions, as that term is defined in the Agreement to which this Schedule 1 is
attached. 
 OR 

             Below is a complete and accurate list of Prior Inventions, as that term is
defined in the Agreement to which this Schedule 1 is attached. 
  

			
	For Employee:
		
	Signature:	 	 /s/ DEVENDRA SINGH

			
		
	Printed Name:	 	 DEVENDRA SINGH

			
		
	Email:	 	
             

			
		
	Date:	 	 12/11/2017

  
 Page 16 of 16 

 EXHIBIT B 

Certain Definitions 

“Cause” means any of the following: (i) a material failure by you to perform your responsibilities or duties to the
Company under this letter or those other responsibilities or duties as requested from time to time by the Board, after written demand for performance has been given by the Board that identifies how you have not performed your responsibilities or
duties and such failure, if susceptible of cure, has not been cured for a period of ten (10) days after you receive notice from the Board; (ii) your engagement in illegal conduct or gross misconduct that the Company in good faith believes
has or may harm the standing and reputation of the Company; (iii) your commission or conviction of, or plea of guilty or nolo contendere to, a felony, a crime involving moral turpitude or any other act or omission that the Company in
good faith believes has or may harm the standing and reputation of the Company; (iv) a material breach of your duty of loyalty to the Company or your material breach of the Company’s written code of conduct and business ethics or Sections
4 through 10 and 16 of the Employment and Restrictive Covenants Agreement-California, or any other material written agreement between you and the Company; (v) dishonesty, fraud, gross negligence or repetitive negligence committed without regard
to corrective direction in the course of discharge of your duties as an employee; or (vi) excessive and unreasonable absences from your duties for any reason (other than authorized leave) or as a result of your Disability (as defined below).

 “Disability” means your inability to perform the essential functions of your job, with or without accommodation, as a
result of any mental or physical disability or incapacity for an extended period but not less than sixty (60) business days in any consecutive 6 month period, as determined in the sole discretion of the Company. 

“Good Reason” means that you voluntarily terminate your employment with the Company if there should occur without your
written consent: 
 (i) a material, adverse change in your duties or responsibilities with the Company, provided that a change in
title or a change in the person or office to which you report, shall not, by itself, constitute such a material, adverse change; 
 (ii) a
reduction in your then current base salary by more than ten percent (10%); 
 (iii) a relocation of your primary work site to a location
outside a thirty (30) mile radius of your current primary work site; and/or 
 (iv) the material breach by the Company of any offer
letter or employment agreement between you and the Company; 
 provided, however, that in each case above, you must
(a) first provide written notice to the Company of the existence of the Good Reason condition within thirty (30) days of the initial existence of such event specifying the basis for your belief that you are entitled to terminate your
employment for Good Reason, (b) give the Company an opportunity to cure any of the foregoing within thirty (30) days following your delivery to the Company of such written notice, and (c) actually resign your employment within thirty
(30) days following the expiration of the Company’s thirty (30) day cure period. 
 All references to the Company in these
definitions shall include parent, subsidiary, affiliate and successor entities of the Company.

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