Document:

EX-10.7

 Exhibit 10.7 

 
  
 

 
  
 OFFER LETTER –
FULL-TIME/EXEMPT POSITION 
 March 10, 2014 
 Amit
Jain 
 Dear Amit, 
 ServiceMax, Inc. (the
“Company”) is pleased to offer you employment with the Company on the terms described below. 
 Position 

You will start in a full-time, regular position, as Director, Product Management and you will report to Ed Yip, Vice President, Product Management.
By signing this letter, you confirm with the Company that you are under no contractual or other legal obligations that would prohibit you from performing your duties with the Company.  

Compensation and Employee Benefits 
 Your initial base
salary will be at the rate of $ 155,000 (One Hundred Fifty-Five Thousand Dollars) per year, less payroll deductions and all required withholdings. You will be paid semi-monthly, and will be expected to work a full-time schedule. 

You will be eligible to participate in the company’s health benefits plan upon acceptance by our health provider. 

In addition to your base salary, you will be eligible to earn additional target bonus of approximately $ 25,000 (Twenty-Five Thousand Dollars)
annually, to be paid quarterly, based on your achievement of objectives detailed as part of the Company’s bonus compensation plan. You must be an employee in good standing in order to participate in the Company’s bonus plan. 

Stock Option 
 Subject to the approval of the
Company’s Board of Directors (the “Board”), you will be granted an option to purchase 50,000 (Fifty Thousand) shares of the Company’s Common Stock. The exercise price per share will be equal to the fair market value
per share on the date the option is granted or on your first day of employment, whichever is later. The option will be subject to the terms and conditions applicable to options granted under the Company’s 2011 Stock Incentive Plan (the
“Plan”), as described in that Plan and the applicable stock option agreement. The option will become exercisable as it vests. You will vest 25% of the option shares after 12 months of continuous service, and the balance will vest in
monthly installments over the next 36 months of continuous service, as described in the applicable stock option agreement. 

 

 
  
 Proprietary Information and Inventions Agreement

 Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s enclosed standard
Proprietary Information and Inventions Agreement. 
 Employment Relationship 

Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the
Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations which may have been made to you are superseded by this offer. This is the full and complete agreement between you and the
Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in
an express written agreement signed by you and the Company. 
 Outside Activities 

While you render services to the Company, you agree that you will not engage in any other employment, consulting or other business activity without the written
consent of the Company. In addition, while you render services to the company, you will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the
Company.  
 Withholding Taxes 
 All forms of
compensation referred to in this letter are subject to applicable withholding and payroll taxes. 
 Entire Agreement 

This offer is contingent upon the satisfactory outcome of the pre-employment reference checks. This letter supersedes
and replaces any prior understandings or agreements, whether oral, written or implied, between you and the Company regarding the matters described in this letter. 

If you wish to accept this offer, please sign and date the enclosed duplicate original of this letter and return them to me. As required, by law, your
employment with the Company is also contingent upon your providing legal proof of your identity and authorization to work in the United States. 
 This
offer, if not accepted, will expire end of day on March 14, 2014. We look forward to having you join us no later than May 1, 2014.  

 

 
  

			
	Very truly yours,
	
	SERVICEMAX, INC.
		
	By:	 	
		
	 /s/ Ed Yip
	 	
		
	Printed Name:	 	Ed Yip

 
			
		
	Title:	 	Vice President, Product Management

  

			
	 I have read and accept this employment offer.

	
	 /s/ Amit Jain

		
	 Signature of
	 	 Amit Jain

			
		
	 Dated:
	 	 3/10/2014

 Attachment 
 Exhibit A:
Proprietary Information and Inventions Agreement 

 

 
  
 ServiceMax, INC. (“Company”) is
engaged in a continuous effort of technical innovation, product development and marketing, and administration of our business. The success of these efforts depends on our ability to draw upon the creative talents of our employees and to maintain the
flow of information among our employees. For this reason, we ask all employees to sign this Agreement under which: 

A.    Company’s policy of “at will” employment is confirmed; 

B.    You agree to protect against unauthorized disclosure of confidential information and to return any confidential information and
other Company property when your employment ends; 
 C.    You agree that Company will own any inventions and other work product you
produce related to Company’s business; 
 D.    You agree to avoid and to disclose conflicts of interest; 

E.    You agree that you will not solicit other Company employees or consultants to work elsewhere; and 

F.    You and Company agree on the manner in which disputes will be resolved. 

Please review this agreement and contact the Director of Human Resources if you have any questions or concerns. After you have reviewed it please sign and
initial the appropriate places. (See the Instructions on page 5 of the agreement.) 

 

 
  
 CONFIDENTIALITY, AND INTELLECTUAL
PROPERTY AGREEMENT 
 In connection with my employment by, ServiceMax, Inc. a Delaware corporation (“Company”), I agree as
follows: 
 1.    At-Will Employment. 

I understand that my employment is “at-will”. This means that Company and I are each free to terminate our
employment relationship at any time, for any reason, with or without cause and with or without notice. Although my job duties, title, compensation and benefits, as well as Company’s personnel policies and procedures, may change from time to
time, the at-will nature of my employment may only be changed in an express written agreement signed by Company’s CEO. 

2.    Protection of Confidential Information. 

2.1    Confidentiality Obligations. In the course of my Company employment, I will learn of or have
disclosed to me various “Confidential Information”. Confidential Information1 is any information designated or labeled as ‘confidential’ or ‘proprietary’ or which is
of the type one would reasonably expect a business to maintain in confidence. During and after the term of my employment, I will not disclose to any “unauthorized persons”2 or use for
any “unauthorized purposes”3 any Confidential Information which I learn or receive in connection with my employment without the written consent of an officer of Company. These duties do
not apply to Confidential Information which is or becomes publicly known through no action or fault of my own or to Confidential Information which is subsequently rightfully disclosed to me by a third party without duties of confidentiality and
restricted use. 
 2.2    Consultation. If I am in doubt as to whether certain information is Confidential
Information, or whether Confidential Information has become public knowledge, I agree to consult with the management of Company prior to disclosing or using the information. 
  

 

	1 	 Confidential Information includes, for example, technical information such as
know-how, formulae, computer software, logic design, schematics, and manufacturing processes; business information such as information about costs, prices, profits, markets, sales, customers, and vendors;
personnel information such as evaluations, salary and compensation data, and private phone numbers; and information relating to innovative activities, such as inventions, research projects, plans for future development, and patent strategy.
Confidential Information includes confidential or proprietary information of a third party to which Company owes a duty of confidentiality or non-use and may also include Work Product (as defined below).
Although certain information or technology may be generally known in the relevant industry, the fact that Company uses it, and how Company uses it, may not be known, and is therefore Confidential Information. 

	2 	 “Unauthorized persons” are those people who either (1) do not have a need to know the
information to further a Company-authorized purpose or (2) do have such a need but are not obligated both to maintain such information in confidence and to use such information only for a Company-authorized purpose. 

	3 	 An “unauthorized purpose” means a purpose that does not further the interest of Company or that is
not otherwise approved in writing by a Company officer. 

 

 
  
 3.    No Conflicting
Obligations. 
 3.1    Conflict of Interest. In order to avoid conflicts of interest and
inadvertent disclosure or improper use of Confidential Information, and to ensure that I devote my professional energies to Company, I agree that while I am employed by Company I will not accept or engage in any professional employment, consulting
or other relationship with any business without first giving written notice to, and receiving written approval from, the CEO or Chief Financial Officer. While Company’s policy is to consider such approval requests on a case-by-case basis, Company typically approves such requests as to non-exempt employees so long as the other business is not a Company
competitor or a major Company supplier or customer. 
 3.2    No Breach of Other Obligations. I represent
that my performance of my duties for Company will not breach any non-compete, invention assignment, or proprietary or confidential information agreement with any former employer or other party or create any
conflict of interest with anyone. I have returned all property and confidential information belonging to all prior employers. I also agree that I will not disclose to Company, or use for Company’s benefit, any confidential information or
material in violation of the rights of my former employers or any third parties. 
 4.    Disclosure and Assignment to Company of
Work Product. 
 4.1    Ownership of Work Product. I agree that Company and its assigns will be
the exclusive owner of Work Product4 and all patents, trademarks, copyrights, mask works, moral rights and other statutory or common law protections in any and all countries (“IP
Rights”) covering or otherwise associated with my Work Product. In addition, to the extent Company has not obtained exclusive ownership due to my Company employment, I agree to, and do hereby, assign to the Company and waive any and all IP
Rights in my Work Product without further compensation or consideration. 
 4.2    Excluded Inventions.
However, as provided by California Labor Code § 2870, Section 4.1 does not apply to any invention that I develop entirely on my own time and to which all of the following apply: (i) no equipment, supplies, facilities or trade secret
information of Company are used, (ii) it is not related to Company’s business or Company’s actual or demonstrably anticipated research and development, and (iii) it does not result from any work performed by me for Company. 

In addition, Section 4.1 does not apply to any inventions which I made or conceived or first reduced to practice alone or jointly with others prior to my
engagement by Company. I represent that Exhibit A is a complete list of my pre-employment inventions that I desire to have specifically excluded from my obligations under this Section. If no such list is
attached to this Agreement, I represent that I have made no such inventions as of the effective date of this Agreement. 
  

	4 	 “Work Product” means any and all tangible materials resulting from my services to Company and all
ideas, inventions, improvements, discoveries, know-how, techniques and works of authorship (including but not limited to computer programs, software, logic design and documentation) and other information and
materials, whether or not patentable, copyrightable or otherwise registrable under applicable statutes, that I may make, conceive, reduce to practice, develop, learn or work on, either alone or jointly with others, whether or not reduced to
drawings, written description, documentation, models or other tangible form during the period of my employment by Company. 

 

 
  
 All of these Section 4.2 inventions are referred
to as “Excluded Inventions.” 
 4.3    Certain Rights of Company In Excluded Inventions.
If I incorporate any Excluded Invention into any Company product or service or otherwise use an Excluded Invention for Company’s benefit as part of my Company employment activities, Company is hereby granted and shall have a fully paid,
nonexclusive, royalty-free, irrevocable, perpetual, worldwide, transferable and sublicensable license to make, have made, modify, create derivative works, reproduce, use, offer to sell, sell, import and distribute such Excluded Invention (as may be
improved or enhanced by or for Company) and any Company product or Company service incorporating such Excluded Invention. 

4.4    Maintenance and Return of Records. I agree to keep, and make available to Company on demand, adequate
and current written records of all my Work Product. I agree that these records, and all other information and documents coming into my possession or kept by me in connection with my employment, are the sole property of Company. I agree to return to
all originals and copies of all such documents to Company promptly upon termination of my employment. 

4.5    Disclosure of Work Product. I will promptly disclose to Company all Work Product other than Excluded
Inventions. In addition, I agree that, if requested by Company, I will disclose in confidence any inventions that I consider to be Excluded Inventions so that the ownership of such inventions can be established. 

4.6    Protection of Rights in Work Product. I will assist Company in every reasonable way (such as by
signing documents and giving evidence and testimony) to establish Company’s ownership of and other rights in all Work Product and related IP Rights (other than Excluded Inventions) in any and all countries. If I am unavailable for any reason, I
hereby appoint Company, as my agent and attorneys-in-fact to execute and file any document(s) and to do all other acts to further the prosecution, issuance, enforcement
and maintenance of IP Rights in the Work Product other than Excluded Inventions. My obligations under this Section will extend beyond the termination of my employment provided that Company will compensate me at a reasonable rate after such
termination for time or expenses actually spent by me at Company’s request. 

5.    Non-Solicitation. 

I agree that, during the period of my employment and for a period of one year following termination of my employment with Company for any reason, I will not
directly or indirectly solicit or encourage employees or consultants of Company to end their relationships with Company. 

6.    Notification of New Employer. If I leave Company for any reason, I consent to Company notifying my new employer of my
rights and obligations under this Agreement. 

 

 
  
 7.    Miscellaneous
Clauses. 
 This Agreement constitutes the entire agreement, and supersedes all previous or contemporaneous agreements or representations, whether
oral or written, express or implied, between Company and me with regard to its subject matter. This Agreement cannot be modified or waived unless in writing, signed by me and either the CEO or Chief Financial Officer. 

The invalidity or unenforceability of any provision(s) of this Agreement under particular facts and circumstances shall not affect the validity or
enforceability either of other provisions of this Agreement or, under other facts and circumstances, of such provision(s). 
 This Agreement is governed by
and construed in accordance with the laws of the State of California for contracts entered into in California between California residents. 
 This
Agreement is binding upon my heirs, executors, administrators, or personal representatives and inures to the benefit of successors and assigns of Company. If a subsidiary or parent of Company or another entity affiliated with Company should employ
me, then during the term of such employment, the term “Company” shall refer to such employer. 
 Any dispute arising under or relating to this
Agreement shall be litigated exclusively in Federal or California courts located in Santa Clara County, California and the Company and I hereby consent and submit to the jurisdiction and venue of such courts. 

I certify and acknowledge that I have carefully read all of the provisions of this Agreement and that I understand and will fully and faithfully comply with
such provisions. I UNDERSTAND THAT THIS AGREEMENT IS EFFECTIVE AS OF THE DATE MY EMPLOYMENT WITH COMPANY COMMENCED OR WILL COMMENCE. 

 

 
  
 INSTRUCTIONS TO EMPLOYEE: You should sign below
as well as Exhibit A. If Exhibit A is not filled out or signed or if it is crossed out, then you represent that you have no pre-employment inventions, as set forth in Section 4.2 of the Agreement.

  

									
	EMPLOYEE	 		  	ACCEPTED AND AGREED TO BY:
				
		 		 		  	ServiceMax, Inc.
					
	By:	 	 /s/ Amit Jain
	 	 	  	By:	 	 /s/ Ed Yip

									
					
	Printed Name	 	 Amit Jain
	 	 	  	Printed Name	 	 Ed Yip

									
					
		 		 		  	          Title:	 	 Vice President, Product Management

									
					
	Address	 	
                     
                                    
	 	 	  	            Date Executed:	 	 3/11/2014

		 	      
	 	 	  		 	
		 	
                     
                                         
                       
	 	 	  		 	

  

			
	Date Executed:	 	 3/10/2014

 

 
  
 EXHIBIT A 

LIST OF PRE-EMPLOYMENT INVENTIONS 

This List of Pre-Employment Inventions, along with any attached pages, is part of and incorporated by reference into
the attached Confidentiality and Intellectual Property Agreement. 
 INSTRUCTIONS TO EMPLOYEE: Please identify in the DOCUMENT CHART below
preexisting documents which describe, and upon which you will rely to establish your ownership of, your pre-employment inventions. Please do not disclose to Company your pre-employment inventions in detail unless Company expressly requests that you do. 
 In filling out the DOCUMENT CHART,
please note that witnesses are people who have read and understood the referenced document and who therefore can testify to the existence of the inventions, ideas or works of authorship. Also, inventions, ideas, or works of authorship not owned by
you (for example because they have been assigned to a prior employer) are not to be listed here. 
 If any documents are identified below,
then Company may request you to provide the documents and other information to determine if any impediments to employment by Company exist. 

DOCUMENT CHART 
  

																	
	 No. Of Document
	  	Title On Document	 	  	Date On
Document	 	  	Names of Witnesses
Signing The Document	 	  	No. Of Pages Of
The Document	 
	 1
	  				  				  				  			
	 2
	  				  				  				  			
	 3
	  				  				  				  			
	 4
	  				  				  				  			
	 5
	  				  				  				  			

  

									
	Signed:	 	 /s/ Amit Jain
  
	  		  	Date:	 	 3/10/2014

		 	(Employee’s Full Name)EX-10.8

 Exhibit 10.8 

 
  
 

 
  
 August 27, 2015 

Elizabeth Carter 
 Liz, 

Congratulations! We are pleased to provide you with the details of your promotion to Vice President, Corporate Marketing reporting to Dave Yarnold.
Your position change and compensation increase are as follows: 
 Title: Vice President, Corporate Marketing 

Compensation 
 Your base
salary will be $8,125.00 per semi-month, which equates $195,000 annually, less payroll deductions and all required withholdings. 
 In
addition to your base salary, you will be eligible to earn an additional target bonus compensation of up to $30,000.00 annually, paid quarterly as outlined in the ServiceMax Bonus Compensation Plan. 

Subject to approval of the Company’s Board of Directors, you will be granted an option to purchase an additional 50,000 shares of
the Company’s Common Stock. 
 Effective Date 

The effective date of this promotion and change increase in compensation will be August 16, 2015. 

Your employment with ServiceMax, Inc. continues to remain “at-will”, meaning that either you or ServiceMax,
Inc. may terminate your employment at any time and for any reason, with or without cause. 
 This letter supersedes and replaces any prior understandings or
agreements, whether oral, written or implied, between you and ServiceMax, Inc. regarding the matters described in this letter. All the other terms and conditions which are detailed in the original Offer Letter dated October 19, 2011 remain
unchanged. 
 If you wish to accept this job change and compensation increase, please sign and date this letter no later than August 31, 2015. 

  
 3875 Hopyard Road, Suite
300  |  Pleasanton, CA 94588  |  www.servicemax.com 

 

 
  

	
	 Very truly yours,

	
	 SERVICEMAX, INC.

	
	 By:
  

/s/ Dave Yarnold

	
	 Printed Name: Dave Yarnold

	
	 Title: CEO

 I have read and accept this revised employment offer. 

 

			
	 /s/ Liz Carter

		
	 Signature of
	 	
Liz Carter               
             

			
		
	 Dated:
	 	
8/28/2015                
                      

  
 3875 Hopyard Road, Suite
300  |  Pleasanton, CA 94588  |  www.servicemax.com

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