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Document

Exhibit 10.12

															
	
				Snowflake Inc.
101 S. Ellsworlh 
Ave #350
San Mateo,
CA 94401

April 29, 2019

Michael Scarpelli 
[Intentionally omitted.]

Dear Mike,
We are excited to offer you the position of Chief Financial Officer of Snowflake Inc. (the “Company”), reporting to the Chief Executive Officer, on the terms set forth below. Your start date will be on or before September 1, 2019.
Base Salary: $25,000 monthly
Bonus: Annual on target performance bonus of up to $300,000
Stock Options: 3,480,352 shares, which equates to 1.25% of the Company’s fully diluted shares.
Stock Purchase: On your start date you will also be given the opportunity to purchase shares of the Company’s Series F Preferred Stock at the original issue price of such shares in an amount equal to 0.25% of the Company’s fully diluted shares.
Compensation and Benefits Information:
Your base salary will be $25,000 per month, less taxes, payroll deductions and withholding. You will be eligible to participate in the Company’s standard employee benefits pursuant to the terms of the applicable benefit plans and policies. Annual on target performance bonus of up to $300,000 based on performance metrics to be established by the Compensation Committee.
Stock Options:
Subject to approval by the Company’s Board of Directors (the “Board”), you will be granted an option under the Company’s. 2012 Equity Incentive Plan (the “Plan”) to purchase 3,480,352 shares of the Company’s Common Stock at fair market value as determined by the Board as of the date of grant (the “Option”). This Option will be subject to the terms and conditions of the Plan and your grant agreement. Your Option will vest monthly over 48 months. You will be permitted to exercise your option prior to the time it has vested (early exercise) pursuant to an early exercise stock purchase agreement, which will provide the company the right to repurchase any unvested shares at your original issue price following termination of your employment. Your grant agreement will also provide for your Option to become fully vested upon a change of control as defined in the Plan.
Severance:
If, at any time, the Company terminates your employment without Cause (as defined below), or you resign your employment for Good Reason (as defined below) and such separation is not a result of your death or disability, and provided such termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h), without regard to any alternative definition thereunder, a “Separation from Service”), then subject to your obligations below, you shall be entitled to receive an amount (the “Severance Benefits”) equal to three months of your then current base salary, less all applicable withholdings and deductions, paid over such three month period, on the schedule described below.
The Severance Benefits are conditional upon your delivering to the Company an effective, general release of claims in favor of the Company in a form acceptable to the Company within 30 days following your termination date. The Severance Benefits will be paid in equal installments on the Company’s regular payroll schedule and will be subject to applicable tax withholdings; provided, however, that no payments will be made prior to the 30th day following your Separation from Service. On the 30th day following your Separation from Service, the Company will pay you in a lump sum the Severance Benefits that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 30th day, with the balance of the Severance Benefits being paid as originally scheduled.
For purposes of this Agreement, “Cause” shall mean any of the following: (1) conviction of any felony or any crime involving moral turpitude or dishonesty, (2) participation in a fraud or act of willful dishonesty against the Company, or 

(3) willful and material breach of your duties that has not been cured within thirty (30) days after written notice from the Company of such breach.
For purposes of this Agreement, “Good Reason” shall mean without your consent: (a) a material reduction in your level of responsibility or scope of authority, (b) a material reduction in base salary (other than a reduction generally applicable to executive officers of the Company and in generally the same proportion as your reduction, or (c) relocation of your principal workplace by more than 25 miles. In order for you to voluntarily resign for Good Reason (i) you must provide written notice to the Company of your intention to resign for Good Reason and specify one or more of the above conditions that you believe applies within 90 days of its initial existence, (ii) the Company must fail to remedy the condition specified in your notice within 30 days of receiving your  notice,  and (iii) your resignation must be effective no later than 60 days following the provision of such written or e-mailed notice to the Company.
Other Details:
This offer of employment is contingent upon satisfactory proof of your right to work in the United States, as required by federal immigration law.
As a condition of employment, you are also required to execute our standard form of Employee Confidential Information and Inventions Assignment Agreement.
If you accept this offer, you understand and agree that your employment is “at-will” and is for no specific period of time. This means you may resign at any lime, for any reason. Likewise, we can end our employment relationship with you, with or without cause or advance notice.
This offer letter, together with your Employee Confidential Information and Inventions Assignment Agreement , forms the complete and exclusive statement of your employment agreement with the Company. It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes in your employment terms, other than those changes expressly reserved to the Company’s discretion in this letter, require a written modification signed by an officer of the Company.
You may accept this offer by signing this letter and the enclosed Employee Confidential Information and Inventions Assignment Agreement, and return them to me by April 30, 2019.
We look forward to having you join us and contribute to Snowflake’s success.
												
	Best Regards,			
	/s/ Mike Speiser			
	Mike Speiser,			
	On behalf of the Board of
Directors			
				
				
	Accepted:			
	/s/ Michael Scarpelli		April 29, 2019	
	Michael ScarpelliDocument

Exhibit 10.13

August 21, 2020
Dr. Benoit Dageville
c/o Snowflake Inc.
405 Concar Drive
San Mateo, CA 94402
Re: Confirmatory Offer Letter
Dear Dr. Dageville,
You are currently employed by Snowflake Inc. (the “Company”) as President of Products. This letter confirms the existing terms and conditions of your employment in that role.
1.Position. You are serving in a full-time capacity as President of Products, reporting to the Chief Executive Officer, working at our facility located in San Mateo, California. Subject to the other provisions of this letter agreement, we may change your position, duties, and work location from time to time at our discretion.
2.Employee Benefits. As a regular employee of the Company, you are eligible to participate in the Company’s standard benefits, subject to the terms and conditions of such plans and programs. Subject to the other provisions of this letter agreement, we may change compensation and benefits from time to time at our discretion.
3.Salary. Your annual base salary is $300,000 subject to applicable taxes, payroll deductions, and withholdings, and payable in accordance with the Company’s standard payroll practices for salaried employees. This salary will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time.
4.Bonus Opportunity. You are eligible for incentive bonus compensation with a target bonus equal to $100,000, subject to the achievement of Company performance goals as determined by Snowflake’s Compensation Committee of the Board of Directors, and subject to the terms of any plan governing such bonus. 
5.Equity. You have been granted various equity awards by the Company. Those equity awards shall continue to be governed in all respects by the terms of the applicable equity agreements, grant notices, and equity plans.  
6.Proprietary Information and Inventions Agreement. You remain subject to the terms of the Employee Proprietary Information and Inventions Assignment Agreement that you previously executed.
7.Period of Employment. Your employment with the Company remains “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. This remains the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company.

8.Severance. You will be eligible for severance benefits under the terms and conditions of the Company’s Severance and Change in Control Plan.
9.Amendment. This letter agreement (except for terms reserved to the Company’s discretion) may not be amended or modified except by an express written agreement signed by you and a duly authorized officer of the Company.
10.Arbitration. To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with the Company, you and the Company agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or interpretation of this agreement, your employment with the Company, or the termination of your employment, shall be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. § 1-16, to the fullest extent permitted by law, by final, binding, and confidential arbitration conducted by JAMS or its successor, under JAMS’ then applicable rules and procedures for employment disputes before a single arbitrator (available upon request and also currently available at http://www.jamsadr.com/rules-employment-arbitration/). You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. In addition, all claims, disputes, or causes of action under this section, whether by you or the Company, must be brought in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity. The arbitrator may not consolidate the claims of more than one person or entity, and may not preside over any form of representative or class proceeding. To the extent that the preceding sentences regarding class claims or proceedings are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or brought on behalf of a class shall proceed in a court of law rather than by arbitration. This paragraph shall not apply to any action or claim that cannot be subject to mandatory arbitration as a matter of law, including, without limitation, claims brought pursuant to the California Private Attorneys General Act of 2004, as amended, the California Fair Employment and Housing Act, as amended, and the California Labor Code, as amended, to the extent such claims are not permitted by applicable law(s) to be submitted to mandatory arbitration and the applicable law(s) are not preempted by the Federal Arbitration Act or otherwise invalid (collectively, the “Excluded Claims”). In the event you intend to bring multiple claims, including one of the Excluded Claims listed above, the Excluded Claims may be filed with a court, while any other claims will remain subject to mandatory arbitration. You will have the right to be represented by legal counsel at any arbitration proceeding. Questions of whether a claim is subject to arbitration under this agreement shall be decided by the arbitrator. Likewise, procedural questions which grow out of the dispute and bear on the final disposition are also matters for the arbitrator. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief, if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on which the award is based. The arbitrator shall be authorized to award all relief that you or the Company would be entitled to seek in a court of law. The Company shall pay all JAMS arbitration fees in excess of the administrative fees that you would be required to pay if the dispute were decided in a court of law. Nothing in this letter agreement is intended to prevent either you or the Company from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. Any awards or orders in such arbitrations may be 

entered and enforced as judgments in the federal and state courts of any competent jurisdiction.
* * *
This letter, together with your Proprietary Information and Inventions Agreement, equity agreements, and other agreements referenced herein, forms the complete and exclusive statement of your employment agreement with the Company and supersedes any other agreements or promises made to you by anyone, whether oral or written, with respect to the subject matter hereof. If any provision of this offer letter agreement is determined to be invalid or unenforceable, in whole or in part, this determination shall not affect any other provision of this offer letter agreement and the provision in question shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under applicable law. This letter may be delivered and executed via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and shall be deemed to have been duly and validly delivered and executed and be valid and effective for all purposes.
Please sign and date this letter below to indicate your agreement with its terms.
												
	Sincerely,
			ACCEPTED AND AGREED TO:

				
	Snowflake Inc.
			
				
	By: 
	/s/ Frank Slootman
		/s/ Benoit Dageville

		Frank Slootman
		Benoit Dageville

		Chief Executive Officer 
		
				
				Dated: August 21, 2020

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