SEC Contract Filing

Filing Date: 2022-12-12

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TRANSITION AND EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">TRANSITION AND EMPLOYMENT AGREEMENT (this &#147;<U>Agreement</U>&#148;), entered into on December&nbsp;9, 2022 (the &#147;<U>Effective
Date</U>&#148;), between Kaleyra, Inc., a Delaware corporation (&#147;<U>KLR</U>&#148; and, together with its affiliates and subsidiaries, the &#147;<U>Company</U>&#148;), and Dario Calogero (the &#147;<U>Executive</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">W I T N E S S E T H: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
the Executive currently serves as the Chief Executive Officer of the Company (&#147;<U>CEO</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the
Executive desire to terminate the Executive&#146;s role as CEO, effective upon the Company&#146;s appointment of a new CEO, and thereafter, the Executive shall serve as the Chief Strategy Officer of the Company (&#147;<U>CSO</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, upon the Company&#146;s appointment of a new CEO, the Executive will automatically transition to CSO on a full-time basis in
accordance with the terms and conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
herein contained, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">1. <U>Employment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Term</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) The
Company agrees to continue to employ the Executive, and the Executive agrees to continue to be employed by the Company, in accordance with the terms and conditions hereof, as of the Effective Date. The Executive shall be an employee at will and this
Agreement shall not constitute a guarantee of employment. Each of the parties acknowledges and agrees that either party may terminate the Executive&#146;s employment at any time, for any reason, with or without Cause (as defined in
<U>Section&nbsp;3(a)(i)</U>). The period commencing on the Effective Date and ending on the effective date of the termination of the Executive&#146;s employment is hereinafter referred to as the &#147;<U>Term</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) Executive&#146;s term of employment as CEO by the Company under this Agreement shall commence on the Effective Date and continue until
the Company appoints a new CEO, which is expected to occur no later than March&nbsp;31, 2023 (the &#147;<U>CEO Employment Period</U>&#148;). After conclusion of the CEO Employment Period, the Executive shall automatically transition to be employed
as CSO. Executive&#146;s term of employment as CSO by the Company under this Agreement shall automatically commence upon expiration of the CEO Employment Period and continue until terminated in accordance with this Agreement (the &#147;<U>CSO
Employment Period</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) Notwithstanding the foregoing, the Term may be terminated in strict accordance with the provisions
of <U>Section&nbsp;3</U> below, in which event Executive&#146;s employment with the Company shall expire in accordance therewith. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)
<U>Position and Duties</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) During the CEO Employment Period, (A)&nbsp;the Executive shall continue to be the CEO of the Kaleyra
group, serving as the Chief Executive Officer of KLR and its wholly-owned subsidiaries, including Kaleyra S.p.A. (KLR and its subsidiaries, the &#147;<U>KLR Group</U>&#148;), with such duties and responsibilities as shall from time to time be
assigned to the Executive and as are consistent and commensurate with the Executive&#146;s title and position, and (B)&nbsp;the Executive&#146;s services shall be performed at the Company&#146;s headquarters in Milan, Lombardy, Italy with temporary
visits to the Company offices and facilities worldwide reasonably required to attend to the Company&#146;s business. During the CEO </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 1 - </P>

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Employment Period, the Executive shall be involved in discussions an