<SEC-DOCUMENT>0001213900-22-040739.txt : 20220721
<SEC-HEADER>0001213900-22-040739.hdr.sgml : 20220721
<ACCEPTANCE-DATETIME>20220721163648
ACCESSION NUMBER:		0001213900-22-040739
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20220721
DATE AS OF CHANGE:		20220721

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIVEPERSON INC
		CENTRAL INDEX KEY:			0001102993
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				133861628
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30141
		FILM NUMBER:		221097488

	BUSINESS ADDRESS:	
		STREET 1:		475 10TH AVENUE
		STREET 2:		5TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		2126094200

	MAIL ADDRESS:	
		STREET 1:		475 10TH AVENUE
		STREET 2:		5TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ea163030-8k_liveperson.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM <FONT ID="xdx_90E_edei--DocumentType_c20220720__20220720_z27FxZbK2IGb">8-K</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Date of Report (Date of earliest event reported):
<FONT ID="xdx_909_edei--DocumentPeriodEndDate_c20220720__20220720_zm0nuiI9T9td">July 20, 2022</FONT></B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><FONT ID="xdx_90D_edei--EntityRegistrantName_c20220720__20220720_zKvOtKMZpyUj">LivePerson, Inc.</FONT></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form 8-K filing is intended
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    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging growth
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Act of 1934 (&#167;240.12b-2 of this chapter).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate by check mark if the registrant
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to Section 13(a) of the Exchange Act. &#9744;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities registered pursuant to Section 12(b)
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">On July 20, 2022, LivePerson,
Inc., a Delaware corporation (the &#8220;<B><I>Company</I></B>&#8221;), entered into an agreement (the &#8220;<B><I>Agreement</I></B>&#8221;)
with Starboard Value LP, a Delaware limited partnership, and certain of its affiliates (collectively, &#8220;<B><I>Starboard</I></B>&#8221;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Pursuant to the Agreement,
Starboard Value and Opportunity Master Fund Ltd has withdrawn its notice of intent to nominate four candidates for election to the
Company&#8217;s Board of Directors (the &#8220;<B><I>Board</I></B>&#8221;) at the Company&#8217;s 2022 Annual Meeting of Stockholders (the
&#8220;<B><I>2022 Annual Meeting</I></B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">In addition, the Company has
agreed to (i) appoint one director identified by Starboard and approved by the Company pursuant to the process set forth in the Agreement
as a Class I director (the &#8220;<B><I>Starboard Director</I></B>&#8221;) and (ii) appoint one director selected by the Company pursuant
to the process set forth in the Agreement as a Class I director (the &#8220;<B><I>Additional Independent Director</I></B>&#8221;, and
together with the Starboard Director, the &#8220;<B><I>New Directors</I></B>&#8221;). Peter Block, a current Class II director, will depart
the Board no later than the conclusion of the 2022 Annual Meeting, and the Company has agreed that during the Standstill Period (as defined
below) the resulting vacancy may be filled by an independent director identified
by the Company, whose appointment shall be subject to approval by Starboard (to be determined in good faith) (the &#8220;<B><I>Vacancy
Appointee</I></B>&#8221;, and together with the New Directors, the &#8220;<B><I>Agreed Appointees</I></B>&#8221;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The Agreement further provides,
among other things, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            Board has appointed Jill Layfield as the Lead Independent Director of the Board;</FONT></TD></TR></TABLE>

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                                            Company will form an Operating Committee of the Board immediately upon the appointment of
                                            the New Directors, which will be composed of no more than four directors, including the New Directors;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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                                            Company will use its reasonable efforts to hold the 2022 Annual Meeting no later than August
                                            4, 2022, subject to compliance with applicable laws or regulatory requirements;</FONT></TD></TR></TABLE>



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                                            Starboard Director will be appointed to the Compensation Committee and the Nominating and
                                            Corporate Governance Committee;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            Board will take all necessary actions promptly after the conclusion of the 2022 Annual Meeting
                                            and the appointment of the Vacancy Appointee to result in Class II of the Board being composed
                                            of three directors, none of whom is an Agreed Appointee, except that if the Vacancy Appointee
                                            has not been appointed to the Board prior to the expiration of the Standstill Period, the
                                            Board will ensure that Class II of the Board is not comprised of any New Director;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">during
                                            the Standstill Period, the size of the Board will not be more than nine directors;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
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                                            the event that the Starboard Director ceases to be a director for any reason, Starboard will
                                            be permitted to recommend a replacement director who is  reasonably acceptable to the Board
                                            (such acceptance not to be unreasonably withheld) and fulfills certain requirements; </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
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                                            the event that the Additional Independent Director or the Vacancy Appointee ceases to be
                                            a director for any reason, a replacement will be selected pursuant to the same process provided
                                            for in the Agreement for the initial director&#8217;s selection, except that the replacement
                                            for the Additional Independent Director may be appointed from outside the list provided to
                                            Starboard on or before the date hereof subject to certain requirements;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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                                            rights with respect to the approval of the Vacancy Appointee and the replacement of the Agreed
                                            Appointees, as described above, are applicable only if at such time it beneficially owns
                                            at least the lesser of 3% of the then-outstanding shares of the Company&#8217;s common stock
                                            and 2,244,487 shares of the Company&#8217;s common stock (subject to adjustment for stock
                                            splits, reclassifications, combinations and similar adjustments);</FONT></TD></TR></TABLE>

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<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Starboard
                                            will be subject to customary standstill restrictions, including, among others, with respect
                                            to proxy solicitation and related matters, mergers and similar transactions and other changes,
                                            each of the foregoing subject to certain exceptions; </FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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                                            the Standstill Period, Starboard will vote all shares of the Company&#8217;s common stock
                                            beneficially owned by it in accordance with the Board&#8217;s recommendations at the 2022
                                            Annual Meeting (i) in favor of all of the Company&#8217;s nominees, (ii) in favor of the
                                            ratification of the appointment of BDO USA, LLP as the Company&#8217;s independent registered
                                            public accounting firm for the fiscal year 2022, (iii) in accordance with the Board&#8217;s
                                            recommendation with respect to the Company&#8217;s &#8220;say-on-pay&#8221; proposal and
                                            (iv) in accordance with the Board&#8217;s recommendation with respect to any other Company
                                            proposal or stockholder proposal presented at the 2022 Annual Meeting; provided, however,
                                            that in the event Institutional Shareholder Services Inc. (&#8220;<B><I>ISS</I></B>&#8221;)
                                            or Glass Lewis &amp; Co., LLC (&#8220;<B><I>Glass Lewis</I></B>&#8221;) recommends otherwise
                                            with respect to the Company&#8217;s &#8220;say-on-pay&#8221; proposal or any other Company
                                            proposal or stockholder proposal presented at the 2022 Annual Meeting (other than proposals
                                            relating to the election or removal of directors), Starboard shall be permitted to vote in
                                            accordance with the ISS or Glass Lewis recommendation;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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                                            the Standstill Period, Starboard will vote all shares of the Company&#8217;s common stock
                                            beneficially owned by it in accordance with the Board&#8217;s recommendations on any proposal
                                            relating to the appointment, election or removal or directors at any special meetings of
                                            the Company&#8217;s stockholders or actions by written consent of the Company&#8217;s stockholders;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

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                                            the Standstill Period, Starboard will be permitted to vote in its discretion on any proposal
                                            of the Company submitted to stockholders at any annual or special meetings of the Company&#8217;s
                                            stockholders or actions by written consent of the Company&#8217;s stockholders in respect
                                            of any extraordinary transaction; </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">neither
                                            party will publicly criticize, disparage, call into disrepute or otherwise defame or slander
                                            the other party in any manner that would reasonably be expected to damage the business or
                                            reputation of such other party, subject to certain exceptions;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            Agreement will terminate on the earlier of (x) the date that is 15 business days prior to
                                            the deadline for the submission of stockholder nominations for the 2023 Annual Meeting pursuant
                                            to the Company&#8217;s by-laws or (y) the date that is 100 days prior to the first anniversary
                                            of the 2022 Annual Meeting (the &#8220;<B><I>Standstill Period</I></B>&#8221;); and </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            Company will reimburse Starboard for reasonable, documented out-of-pocket fees and expenses
                                            incurred in connection with its involvement with the Company, including but not limited to, its Schedule 13D filings, its preparation and delivery of its nomination notice, its preparation and filing
of preliminary proxy materials, and the negotiation and execution of the Agreement, up to $1,100,000 in the aggregate.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing description does not purport to
be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1 and is
incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A copy of the press release issued by the Company on July 21, 2022
announcing the execution of the Agreement is attached hereto as Exhibit 99.1 and incorporated herein by reference.&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The disclosure set forth in Item 1.01 above is
hereby incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Pursuant to the Agreement, Peter
Block, a current Class II director, will depart the Board no later than the conclusion of the 2022 Annual Meeting. There is no disagreement
between the Company and Mr. Block on any matter relating to the Company&#8217;s operations, policies or practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">A copy of the press release issued by the Company on July 21, 2022 announcing the execution of the Agreement is attached hereto as Exhibit
99.1 and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B> <B>Item 8.01</B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other Events.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#160;</B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of the press release issued by the
Company on July 21, 2022 announcing the execution of the Agreement is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

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    <TD STYLE="border-bottom: Black 1.5pt solid; width: 9%"><B>Exhibit No.</B></TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 1%"><B>&#160;</B></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 90%"><B>Description</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></TD>
    <TD>&#160;</TD>
    <TD STYLE="text-align: justify"><A HREF="ea163030ex10-1_liveperson.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement, dated as of July 20, 2022, by and among LivePerson, Inc. and the Starboard parties set forth on the signature pages thereto. </FONT></A></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&#160;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea163030ex99-1_liveperson.htm">Press Release, issued July 21, 2022.</A></FONT></TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</FONT></TD>
    <TD>&#160;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document).</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&#160;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#160;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&#160;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LIVEPERSON,
    INC.</B> (Registrant) </FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; width: 60%">&#160;</TD>
    <TD STYLE="padding-right: 0.8pt; width: 4%">&#160;</TD>
    <TD STYLE="padding-right: 1.8pt; width: 36%">&#160;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: July 21, 2022</FONT></TD>
    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 1.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Monica L. Greenberg</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt">&#160;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt">&#160;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Monica L. Greenberg</FONT></TD>
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  <TR STYLE="vertical-align: top">
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    <TD STYLE="padding-right: 0.8pt">&#160;</TD>
    <TD STYLE="padding-right: 0.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Executive Vice President of Policy and General Counsel </I></FONT></TD>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea163030ex10-1_liveperson.htm
<DESCRIPTION>AGREEMENT, DATED AS OF JULY 20, 2022, BY AND AMONG LIVEPERSON, INC. AND THE STARBOARD PARTIES SET FORTH ON THE SIGNATURE PAGES THERETO
<TEXT>
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<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXECUTION VERSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Agreement (this &ldquo;<U>Agreement</U>&rdquo;)
is made and entered into as of July 20, 2022 by and among LivePerson, Inc. (the &ldquo;<U>Company</U>&rdquo;) and the entities and natural
persons set forth in the signature pages hereto (collectively, &ldquo;<U>Starboard</U>&rdquo;) (each of the Company and Starboard, a &ldquo;<U>Party</U>&rdquo;
to this Agreement, and collectively, the &ldquo;<U>Parties</U>&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Company and Starboard have engaged
in various discussions and communications concerning the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, as of the date hereof, Starboard has
a beneficial ownership (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended, or the rules
or regulations promulgated thereunder (the &ldquo;<U>Exchange Act</U>&rdquo;)) interest in the Common Stock, $0.001 par value per share,
of the Company (<U>Common Stock</U>&rdquo;) totaling, in the aggregate, 7,005,000 shares, or approximately 9.4% of the Common Stock issued
and outstanding on the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">WHEREAS, on February 25, 2022,
Starboard Value and Opportunity Master Fund Ltd, a Starboard party, delivered notice (the &ldquo;<U>Nomination Notice</U>&rdquo;) of its
intent to nominate four candidates for election to the Board of Directors of the Company (the &ldquo;<U>Board</U>&rdquo;) at the Company&rsquo;s
2022 Annual Meeting of Stockholders (the &ldquo;<U>2022 Annual Meeting</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, as of the date hereof, the Company and
Starboard have determined to come to an agreement with respect to the composition of the Board and certain other matters, as provided
in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW, THEREFORE, in consideration of the foregoing
premises and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties, intending to be legally bound hereby, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">1. <U>Board
Composition and Related Agreements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a) <U>Board
Composition</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i) <U>Starboard
Director</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">The Company agrees that the Board and all applicable committees of the Board shall take all necessary
actions to appoint one candidate selected pursuant to the process set forth in this <U>Section&nbsp;1(a)(i)</U> as a Class&nbsp;I director
(the &ldquo;<U>Starboard Director</U>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">Promptly following the execution of this Agreement, (1) Starboard shall identify in writing to the Company
one director candidate who is among the candidates named in the Nomination Notice that fulfills the Independence Requirement (as defined
below), whose appointment to the Board shall be subject to approval by the Board (such approval not to be unreasonably withheld, and for
which material issues or conflicts of interest constitute good reason); <U>provided</U>, <U>however</U>, that the Board may only reject
a proposed Starboard Director to the extent that the Board identifies any material issue(s) or conflict of interest(s) with respect to
any such candidate (the &ldquo;<U>Board Approval Requirement</U>&rdquo;); (2) if the director candidate identified in <U>clause (1)</U>
is not approved by the Board, Starboard shall identify one Qualified Candidate (as defined below) in writing to the Company, whose appointment
to the Board shall be subject to the Board Approval Requirement; (3)&nbsp;if the director candidate identified in <U>clause (2)</U> is
not approved by the Board, Starboard shall identify one Qualified Candidate in writing to the Company, whose appointment to the Board
shall be subject to the Board Approval Requirement; and (4)&nbsp;if the director candidate identified in <U>clause&nbsp;(3)</U> is not
approved by the Board, subsequent candidates identified by Starboard shall be either (x) a Qualified Candidate, except that any such Qualified
Candidate need not meet the Leadership Requirement (as defined below) for purposes of this <U>clause (4)</U> so long as such director
candidate has relevant financial and business experience to be a director of the Company or (y) a partner, officer or senior employee
of Starboard (a &ldquo;<U>Starboard Representative</U>&rdquo;) that meets the Applicable Law Independence Requirement (as defined below)
and the Board Experience Requirement (as defined below) and has relevant financial and business experience to be a director of the Company,
in each case whose appointment to the Board shall be subject to the Board Approval Requirement. Starboard shall not identify any candidate
who to its knowledge would not satisfy the Board Approval Requirement. If approval is withheld on any director candidate, the Company
shall promptly notify Starboard in writing of the material issue(s) and/or conflicts of interest(s) that led to the Board&rsquo;s decision
to withhold approval of such director candidate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">Any director candidate identified by Starboard pursuant to <U>Section&nbsp;1(a)(i)(B)</U> shall provide
the Company with (1) a completed director questionnaire in the form provided by the Company, (2) any information reasonably requested
by the Company that is required to be disclosed by directors or director candidates of the Company in proxy statements or other filings
under applicable law or stock exchange regulations or information as may be reasonably requested by the Company that is required of all
new non-management directors of the Company in connection with assessing eligibility, independence and other criteria applicable to new
director candidates or satisfying compliance and legal obligations, and (3)&nbsp;any other reasonable and customary director onboarding
documentation applicable to director candidates of the Company, including consent to the Company&rsquo;s customary background check, in
each case in the same forms as required by the Company in connection with the appointment or election of all new non-management Board
members (each of clauses (1)&ndash;(3), the &ldquo;<U>Onboarding Documentation</U>&rdquo;). Such director candidates shall make themselves
available to the Board for interviews upon request. The Board shall use its reasonable efforts to notify Starboard whether any director
candidate meets the Board Approval Requirement within 10 business days after (x) such candidate has submitted to the Company completed
Onboarding Documentation and (y) representatives of the Board have conducted customary interview(s) of such candidate, if such interviews
are requested by the Board. The Company shall use its reasonable efforts to conduct any such interview(s) as promptly as practicable,
but in any case, assuming reasonable availability of the candidate, within 10 business days after Starboard&rsquo;s submission of such
candidate. In the event that the Starboard Director (or any Replacement Director (as defined below)) is a Starboard Representative, prior
to and as a condition to his or her appointment to the Board, such person shall execute and deliver to the Company a customary irrevocable
resignation letter pursuant to which the Starboard Representative shall resign from the Board and all applicable committees thereof if
Starboard fails to satisfy the Minimum Ownership Threshold (as defined below) following the date of this Agreement. Starboard shall promptly
(and in any event within five business days) inform the Company in writing if Starboard fails to satisfy the Minimum Ownership Threshold
at any time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">As used in this Agreement, &ldquo;<U>Qualified Candidate</U>&rdquo; means an individual who (1) qualifies
as an &ldquo;independent director&rdquo; under the applicable rules of the U.S. Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;)
and the rules of any stock exchange on which the Company is traded (the &ldquo;<U>Applicable Law Independence Requirement</U>&rdquo;);
(2) is independent of Starboard; <U>provided</U> that (x)&nbsp;the nomination by Starboard of such person to serve on the board of directors
of any other company shall not (in and of itself) cause such person to not be deemed independent of Starboard and (y) any employee, partner
or Affiliate (as defined below), whether past or present, or any limited partner or member or person who is otherwise invested in any
securities of Starboard or any of its Affiliates or Associates shall be deemed not independent of Starboard (the &ldquo;<U>Independence
Requirement</U>&rdquo;); (3) has served, or currently serves, as a director of a company with a class of equity securities registered
under Section 12 of the Exchange Act (the &ldquo;<U>Board Experience Requirement</U>&rdquo;); (4)&nbsp;does not have any undisclosed agreements
with Starboard or any of its Affiliates or Associates regarding such person&rsquo;s service as a director on the Board; and (5) has held,
or currently holds, a leadership role at an operating company in the technology industry (the &ldquo;<U>Leadership Requirement</U>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: justify">The Company agrees to use its reasonable efforts to hold the 2022 Annual Meeting no later than August
4, 2022, subject to any delay necessitated by compliance with applicable law or regulatory or judicial or stock exchange order, published
interpretation or requirement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii) The
Company agrees that the Board and all applicable committees of the Board shall take all necessary actions to appoint one director candidate
selected pursuant to the process set forth in this <U>Section&nbsp;1(a)(ii)</U> as a Class I director (the &ldquo;<U>Additional Independent
Director</U>&rdquo; and together with the Starboard Director, the &ldquo;<U>New Directors</U>&rdquo;). Promptly following the execution
of this Agreement, the Company shall identify in writing to Starboard a director candidate from among persons whose names and biographies
were provided to Starboard prior to the execution of this Agreement (the &ldquo;<U>Additional Independent Director Pool</U>&rdquo;). Starboard
may conduct an interview with such director candidate and provide its views on such director candidate to the Nominating and Corporate
Governance Committee, which views shall be considered by the Board in good faith prior to the appointment of the director candidate. If
the Company does not appoint such director candidate, it shall identify additional individuals to Starboard from the Additional Independent
Director Pool, subject to the same requirements as set forth in the preceding sentences, until a director candidate is appointed as the
Additional Independent Director. In the event that the Additional Independent Director has not been appointed on or before August 15,
2022, the Company may propose to add one or more additional independent director candidates to the Additional Independent Director Pool
to replace candidate(s) included in the Additional Independent Director Pool who become unavailable to be appointed to the Board; <U>provided</U>
that (A) such proposed replacement candidate(s) shall have similar qualifications as the original candidate(s) that is not available and
(B) any such addition to the Additional Independent Director Pool shall be subject to good faith approval by Starboard. Promptly following
their selection in accordance with <U>Section&nbsp;1(a)(i)</U> and this <U>Section 1(a)(ii)</U>, but no earlier than the conclusion of
the 2022 Annual Meeting, the Board and all applicable committees of the Board shall take all necessary actions (including by increasing
the size of the Board) to simultaneously appoint the Starboard Director and the Additional Independent Director to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii) The
Company agrees that Peter Block shall depart the Board no later than the conclusion of the 2022 Annual Meeting. During the Standstill
Period (as defined below), the vacancy created by such departure may only be filled (A) after the New Directors have been appointed to
the Board and (B) by an independent director candidate identified by the Company, whose appointment shall be subject to approval by Starboard
(to be determined in good faith). Starboard may also privately recommend director candidates for the Company&rsquo;s good faith consideration.
The Company may continue to identify independent director candidates to fill such vacancy based on the mutual agreement of the Parties
pursuant to this <U>Section 1(a)(iii)</U>; <U>provided</U> it is understood that neither Party is required to mutually agree to a candidate
pursuant to this <U>Section 1(a)(iii)</U>. Such director appointed pursuant to this <U>Section&nbsp;1(a)(iii)</U> is referred to herein
as the &ldquo;<U>Vacancy Appointee</U>&rdquo;, and together with the New Directors as the &ldquo;<U>Agreed Appointees</U>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv) During
the period commencing on the date of this Agreement through the expiration of the Standstill Period, the size of the Board shall not be
increased to more than nine directors without Starboard&rsquo;s prior written consent; <U>provided</U>, <U>however</U>, for the avoidance
of doubt, that the nine-member size of the Board shall include the vacancy resulting from the departure of the director named in <U>Section&nbsp;1(a)(iii)</U>
until such vacancy is filled by the Vacancy Appointee pursuant to the process set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v) The
Company agrees that the Board, all applicable committees, and its directors shall take all necessary actions promptly following the conclusion
of the 2022 Annual Meeting and the appointment of the director pursuant to <U>Section&nbsp;1(a)(iii)</U> to result in the Board&rsquo;s
Class&nbsp;II being composed of three directors, none of whom is an Agreed Appointee; <U>provided</U>, <U>however</U>, for the avoidance
of doubt, that if for any reason the Vacancy Appointee has not been appointed to the Board prior to the expiration of the Standstill Period,
the Board, all applicable committees and its directors shall ensure that the Board&rsquo;s Class II is not comprised of any New Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi) If
the Starboard Director (or any Replacement Director) is unable or unwilling to serve as a director and ceases to be a director, resigns
as a director or is removed as a director, or for any other reason fails to serve or is not serving as a director at any time prior to
the expiration of the Standstill Period, Starboard shall have the right to recommend a replacement for the Starboard Director in accordance
with this <U>Section&nbsp;1(a)(vi)</U> (any such person, when appointed to the Board, shall be referred to as a &ldquo;<U>Replacement
Director</U>&rdquo;). Any Replacement Director must (A) be reasonably acceptable to the Board (such acceptance not to be unreasonably
withheld), (B) meet the Applicable Law Independence Requirement, (C) have the relevant financial and business experience to be a director
of the Company, (D) satisfy the Company&rsquo;s publicly disclosed guidelines, policies and criteria with respect to service on the Board,
and (E) in the case of a Replacement Director who is replacing a Starboard Director who is not a Starboard Representative (or any Replacement
Director thereof), meet the Independence Requirement. Any Replacement Director who is replacing a Starboard Director who is a Starboard
Representative (or any Replacement Director thereof) and is a Starboard Representative will be approved and appointed to the Board no
later than five business days following the submission of the Onboarding Documentation so long as such Replacement Director has the relevant
financial and business experience to be a director of the Company, satisfies the immediately preceding clause (D), and meets the Applicable
Law Independence Requirement. The Nominating and Corporate Governance Committee shall make its recommendation (which it shall undertake
reasonably and in good faith) regarding whether any director candidate (other than a Replacement Director who is replacing a Starboard
Director who is a Starboard Representative and is a Starboard Representative, who is covered by the prior sentence) meets the foregoing
criteria within ten business days after the date that (1) such director candidate has provided to the Company the Onboarding Documentation
and (2) members of the Board have conducted customary interview(s) of such director candidate, if such interviews are requested by the
Board or the Nominating and Corporate Governance Committee. The Company shall use its reasonable best efforts to conduct the background
check and any interview(s) contemplated by this <U>Section&nbsp;1(a)(vi)</U> as promptly as practicable, but in any case with respect
to the interview(s), assuming reasonable availability of the director candidate, within ten business days after Starboard&rsquo;s recommendation
of such director candidate. In the event that the Nominating and Corporate Governance Committee does not recommend a director candidate,
Starboard shall have the right to recommend additional person(s) as a Replacement Director, whose appointment shall be subject to the
Nominating and Corporate Governance Committee recommending such person and the Board appointing such person in accordance with the procedures
described in this <U>Section 1(a)(vi)</U>. In the event that the Nominating and Corporate Governance Committee recommends a director candidate,
the Board shall act on the appointment of such candidate to the Board no later than five business days after the date of such recommendation;
<U>provided</U>, <U>however</U>, that if the Board does not appoint such candidate to the Board pursuant to this <U>Section 1(a)(vi)</U>,
the Parties shall continue to follow the procedures of this <U>Section&nbsp;1(a)(vi)</U> until a Replacement Director is appointed to
the Board. Subject to the rules of any stock exchange on which the Company is traded and applicable law, upon a Replacement Director&rsquo;s
appointment to the Board, the Board and all applicable committees of the Board shall take all necessary actions to appoint such Replacement
Director to any committee of the Board of which the replaced director was a member immediately prior to such director&rsquo;s departure.
Subject to the rules of any stock exchange on which the Company is traded and applicable law, until such time as any Replacement Director
is appointed to any applicable committee of the Board, another then-existing director designated by Starboard will serve as an interim
member of such applicable committee (subject to such director&rsquo;s willingness to serve on such committee and provided that such director
is qualified to serve on such committee).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii) If
the Additional Independent Director or the Vacancy Appointee (or any replacement thereof appointed pursuant to this section) is unable
or unwilling to serve as a director and ceases to be a director, resigns as a director or is removed as a director, or for any other reason
fails to serve or is not serving as a director at any time prior to the expiration of the Standstill Period, the Parties shall follow
the procedures of <U>Section 1(a)(ii)</U> or <U>Section&nbsp;1(a)(iii)</U>, respectively, until a candidate is selected in accordance
with the terms of such provisions and is appointed to the Board as a replacement for the Additional Independent Director or the Vacancy
Appointee, as applicable (upon such replacement&rsquo;s appointment to the Board, such replacement shall become the Additional Independent
Director or the Vacancy Appointee, as applicable, for purposes of this Agreement). Any replacement for the Additional Independent Director
may be appointed from the Additional Independent Director Pool without further approval by Starboard, or may be appointed from outside
the Additional Independent Director Pool so long as such director candidate has similar qualifications to any director candidate included
in the Additional Independent Director Pool, subject to Starboard&rsquo;s good faith approval (such approval not to be unreasonably withheld).
If Starboard does not approve a director candidate pursuant to the immediately preceding sentence, it shall promptly notify the Company
in writing of its non-approval stating the reasons therefor, and the Company shall have the right to continue proposing candidates in
accordance with the foregoing. Subject to the rules of any stock exchange on which the Company is traded and applicable law, upon such
replacement&rsquo;s appointment to the Board, the Board and all applicable committees of the Board shall take all necessary actions to
appoint such replacement to any applicable committee of the Board of which the replaced director was a member immediately prior to such
director&rsquo;s departure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) <U>Board
Committees</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i) Immediately
upon the appointment of the two New Directors, the Board and all applicable committees of the Board shall take all necessary actions to
(A)&nbsp;form an Operating Committee of the Board (the &ldquo;<U>Operating Committee</U>&rdquo;), which shall consist of no more than
four directors and shall be charged with working with the Company&rsquo;s Chief Executive Officer and management to identify and recommend
opportunities for further improvement in growth and margin performance, (B)&nbsp;effective upon their respective appointments to the Board,
appoint the two New Directors to serve as members of the Operating Committee and (C)&nbsp;appoint one of the two New Directors to be the
Chairperson of the Operating Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii) The
Board and all applicable committees of the Board shall give the Agreed Appointees the same due consideration for membership to each committee
of the Board as any other independent director; <U>provided</U>, <U>however</U>, that each of the Agreed Appointees shall be appointed
to at least one committee of the Board; <U>provided</U>, <U>further</U>, that the Starboard Director shall be appointed to each of the
Nominating and Corporate Governance Committee and the Compensation Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) <U>Additional
Agreements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i) Starboard
Value and Opportunity Master Fund Ltd hereby irrevocably withdraws the Nomination Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii) Effective
as of the date hereof, the Board and all applicable committees of the Board shall take all necessary actions to appoint Jill Layfield
as the Lead Independent Director of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii) Starboard
shall comply, and shall cause each of its controlled Affiliates and Associates to comply, with the terms of this Agreement and shall be
responsible for any breach of this Agreement by any such controlled Affiliate or Associate. As used in this Agreement, the terms &ldquo;<U>Affiliate</U>&rdquo;
and &ldquo;<U>Associate</U>&rdquo; shall have the respective meanings set forth in Rule 12b-2 promulgated by the Securities and Exchange
Commission under the Exchange Act and shall include all persons or entities that at any time during the term of this Agreement become
Affiliates or Associates of any person or entity referred to in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv) During
the Standstill Period, except as otherwise provided herein, Starboard shall not, and shall cause each of its controlled Affiliates and
Associates not to, directly or indirectly, (A) nominate or recommend for nomination any person for election at any annual or special meetings
of the Company&rsquo;s stockholders or actions by written consent of the Company&rsquo;s stockholders (each, a &ldquo;<U>Stockholder Meeting</U>&rdquo;),
(B) submit any proposal for consideration at, or bring any other business before, any Stockholder Meeting, or (C)&nbsp;initiate, encourage
or participate in any &ldquo;vote no,&rdquo; &ldquo;withhold&rdquo; or similar campaign with respect to any Stockholder Meeting. Starboard
shall not publicly or privately encourage or support any other stockholder, person or entity to take any of the actions described in this
<U>Section&nbsp;1(c)(iv)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v) During
the Standstill Period, Starboard shall appear in person or by proxy at the 2022 Annual Meeting and vote all shares of Common Stock beneficially
owned by Starboard at the 2022 Annual Meeting as of the record date (A) in favor of all of the Company&rsquo;s nominees, (B) in favor
of the ratification of the appointment of BDO USA, LLP as the Company&rsquo;s independent registered public accounting firm for the fiscal
year 2022, (C) in accordance with the Board&rsquo;s recommendation with respect to the Company&rsquo;s &ldquo;say-on-pay&rdquo; proposal
and (D) in accordance with the Board&rsquo;s recommendation with respect to any other Company proposal or stockholder proposal presented
at the 2022 Annual Meeting; <U>provided</U>, <U>however</U>, that in the event Institutional Shareholder Services Inc. (&ldquo;<U>ISS</U>&rdquo;)
or Glass Lewis &amp; Co., LLC (&ldquo;<U>Glass Lewis</U>&rdquo;) recommends otherwise with respect to the Company&rsquo;s &ldquo;say-on-pay&rdquo;
proposal or any other Company proposal or stockholder proposal presented at the 2022 Annual Meeting (other than proposals relating to
the election or removal of directors), Starboard shall be permitted to vote in accordance with the ISS or Glass Lewis recommendation.
Starboard further agrees that it will (x)&nbsp;appear in person or by proxy at any special meeting of the Company&rsquo;s stockholders
held during the Standstill Period and vote all shares of Common Stock beneficially owned by Starboard as of the record date at such meeting,
and (y) execute valid written consents with respect to all shares of Common Stock beneficially owned by Starboard as of the record date
in any stockholder action by written consent during the Standstill Period, in the case of each of (x) and (y) in accordance with the Board&rsquo;s
recommendation on any proposal relating to the appointment, election or removal of director(s). Notwithstanding the foregoing, Starboard
shall be permitted to vote in its discretion on any proposal of the Company submitted to stockholders at a Stockholder Meeting in respect
of any extraordinary transaction, including any merger, acquisition, amalgamation, tender offer, exchange offer, recapitalization, restructuring,
disposition, distribution, spin-off, asset sale, joint venture or other business combination involving the Company or any of its subsidiaries
or that would result in (i) any person becoming a beneficial owner, directly or indirectly, of securities of the Company representing
more than fifty percent (50%) of the equity interests and voting power of the Company&rsquo;s then-outstanding equity securities or (ii)
the Company entering into a stock-for-stock transaction whereby immediately after the consummation of the transaction the Company&rsquo;s
stockholders retain less than fifty percent (50%) of the equity interests and voting power of the surviving entity&rsquo;s then-outstanding
equity securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi) Starboard
acknowledges that all members of the Board are (A) governed by, and required to comply with, all policies, procedures, codes, rules, standards
and guidelines applicable to all members of the Board and (B)&nbsp;required to keep confidential all confidential information of the Company
and, without prior written consent of the Company, not disclose to any third party (including Starboard, except as permitted by <U>Section
13</U>) any discussions, matters or materials considered in meetings of the Board or Board committees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii) Starboard
shall have rights pursuant to <U>Section 1(a)(iii)</U>, <U>Section&nbsp;1(a)(vi)</U> and <U>Section&nbsp;1(a)(vii)</U> only if as of such
time it beneficially owns (as determined under Rule 13d-3 promulgated under the Exchange Act) the aggregate of at least the lesser of
3.0% of the Company&rsquo;s then-outstanding Common Stock and 2,244,487 shares of Common Stock (subject to adjustment for stock splits,
reclassifications, combinations and similar adjustments) (the &ldquo;<U>Minimum Ownership Threshold</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(viii) The
Company agrees that the Board and all applicable committees of the Board shall, to the extent that the Board and such committees have
such authority and are entitled to so determine, take all necessary actions, effective no later than immediately following the appointment
of each Agreed Appointee, to determine, in connection with his or her initial appointment as a director that such Agreed Appointee is
deemed to be (A) a member of the &ldquo;Incumbent Board&rdquo; or &ldquo;Continuing Director&rdquo; (as such term may be defined in the
definition of &ldquo;Change in Control&rdquo; or any similar term under the Company&rsquo;s incentive plans, options plans, deferred compensation
plans, employment agreements, severance plans, retention plans, loan agreements, or indentures, or any other related plans or agreements
that refer to any such plan or agreement&rsquo;s definition of &ldquo;Change in Control&rdquo; or any similar term) and (B) a member of
the Board as of the beginning of any applicable measurement period for the purposes of the definition of &ldquo;Change in Control&rdquo;
or any similar term under such incentive plans, options plans, deferred compensation plans, employment agreements severance plans, retention
plans, loan agreements or indentures of the Company, or any other related plans or agreements that refer to any such plan or agreement&rsquo;s
definition of &ldquo;Change in Control&rdquo; or any similar term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">2. <U>Standstill
Provisions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a) Starboard
agrees that, from the date of this Agreement until the earlier of (x) the date that is 15 business days prior to the deadline for the
submission of stockholder nominations for the Company&rsquo;s 2023 Annual Meeting of Stockholders (the &ldquo;<U>2023 Annual Meeting</U>&rdquo;)
pursuant to the By-Laws, or (y) the date that is 100 days prior to the first anniversary of the 2022 Annual Meeting (the &ldquo;<U>Standstill
Period</U>&rdquo;), Starboard shall not, and shall cause each of its controlled Affiliates and Associates not to, in each case directly
or indirectly, in any manner:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i) engage
in any solicitation or become a &ldquo;participant&rdquo; in a &ldquo;solicitation&rdquo; (as such terms are defined in Regulation 14A
under the Exchange Act) of proxies or consents (including any solicitation of consents that seeks to call a special meeting of stockholders
of the Company), in each case with respect to any securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii) form,
join, or in any way participate in any &ldquo;group&rdquo; (within the meaning of Section 13(d)(3) of the Exchange Act) with respect to
shares of Common Stock (other than a &ldquo;group&rdquo; that includes all or some of the members of Starboard, but does not include any
other entities or persons that are not members of Starboard as of the date hereof); <U>provided</U>, <U>however</U>, that nothing herein
shall limit the ability of an Affiliate of Starboard to join the &ldquo;group&rdquo; following the execution of this Agreement so long
as any such Affiliate agrees in writing to be bound by the terms and conditions of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii) deposit
any shares of Common Stock in any voting trust or subject any shares of Common Stock to any arrangement or agreement with respect to the
voting of any shares of Common Stock, other than any such voting trust, arrangement or agreement solely among the members of Starboard
and otherwise in accordance with this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iv) seek
or submit, or encourage any person or entity to seek or submit, nomination(s) in furtherance of a &ldquo;contested solicitation&rdquo;
for the appointment, election or removal of directors with respect to the Company or seek, or knowingly encourage or take any other action
with respect to the appointment, election or removal of any directors; <U>provided</U>, <U>however</U>, that nothing in this Agreement
shall prevent Starboard or its Affiliates or Associates from taking actions in furtherance of identifying director candidates in connection
with the 2023 Annual Meeting so long as such actions do not create a public disclosure obligation for Starboard or the Company, are not
publicly disclosed by Starboard or its representatives, Affiliates or Associates, and are undertaken on a basis reasonably designed to
be confidential and in accordance in all material respects with Starboard&rsquo;s normal practices in the circumstances;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(v) (A)
make any proposal for consideration by stockholders at a Stockholder Meeting, (B) make any offer or proposal (with or without conditions)
with respect to any merger, takeover offer, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition or other
business combination involving the Company or any of its subsidiaries, (C) solicit a third party to make an offer or proposal (with or
without conditions) with respect to any merger, takeover offer, tender (or exchange) offer, acquisition, recapitalization, restructuring,
disposition or other business combination involving the Company or any of its subsidiaries, or publicly encourage, initiate or support
any third party in making such an offer or proposal, (D) publicly comment on any third party proposal regarding any merger, takeover offer,
tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, or other business combination involving the Company
or any of its subsidiaries by such third party (provided that this clause (D) shall not prevent such public comment after such proposal
has become generally known to the public other than as a result of a disclosure by Starboard) or (E) call or seek to call a special meeting
of stockholders, or initiate or participate in any stockholder action by written consent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vi) seek,
alone or in concert with others, representation on the Board, except as specifically provided in <U>Section 1</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(vii) advise,
encourage, support or influence any person or entity with respect to the voting or disposition of any securities of the Company at any
Stockholder Meeting, except as specifically provided in <U>Section 1</U>; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(viii) make
any request or submit any proposal to amend the terms of this Agreement other than through non-public communications with the Company
or the Board that would not be reasonably determined to trigger public disclosure obligations for any Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) Except
as expressly provided in <U>Section 1</U> or <U>Section 2(a),</U> Starboard shall be entitled to (i) vote the shares of Common Stock that
it beneficially owns as it determines in its sole discretion and (ii) disclose, publicly or otherwise, how it intends to vote or act with
respect to any securities of the Company, any stockholder proposal or other matter to be voted on by the stockholders of the Company and
the reasons therefor (<FONT STYLE="font-family: Times New Roman, Times, Serif">in each case, subject to&nbsp;<U>Section 1(c)(v)</U> and</FONT>
<U>Section 12</U><FONT STYLE="font-family: Times New Roman, Times, Serif">)</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) Nothing
in <U>Section 2(a)</U> shall be deemed to limit the exercise in good faith by the Starboard Director (or any Replacement Director) of
such person&rsquo;s fiduciary duties solely in such person&rsquo;s capacity as a director of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">3. <U>Representations
and Warranties of the Company</U>. The Company represents and warrants to Starboard that (a) the Company has the corporate power and authority
to execute this Agreement and to bind it thereto, (b) this Agreement has been duly and validly authorized, executed and delivered by the
Company, and assuming due execution by each counterparty hereto, constitutes a valid and binding obligation and agreement of the Company,
and is enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject
to general equity principles, (c) the Board is composed of seven directors and there are no vacancies on the Board and (d) the execution,
delivery and performance of this Agreement by the Company does not and will not (i)&nbsp;violate or conflict with any law, rule, regulation,
order, judgment or decree applicable to the Company, or (ii) result in any breach or violation of or constitute a default under or pursuant
to (or an event which with notice or lapse of time or both would constitute such a breach, violation or default), or result in the loss
of a material benefit under, or give any right of termination, amendment, acceleration or cancellation of, any organizational document
or material agreement to which the Company is a party or by which it is bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">4. <U>Representations
and Warranties of Starboard</U>. Starboard represents and warrants to the Company that (a) the authorized signatory of Starboard set forth
on the signature page hereto has the power and authority to execute this Agreement and any other documents or agreements to be entered
into in connection with this Agreement and to bind Starboard thereto, (b) this Agreement has been duly authorized, executed and delivered
by Starboard, and assuming due execution by each counterparty hereto, is a valid and binding obligation of Starboard, enforceable against
Starboard in accordance with its terms except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles,
(c) the execution of this Agreement, the consummation of any of the transactions contemplated hereby, and the fulfillment of the terms
hereof, in each case in accordance with the terms hereof, will not conflict with, or result in a breach or violation of the organizational
documents of Starboard as currently in effect, (d) the execution, delivery and performance of this Agreement by Starboard does not and
will not (i) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to Starboard, or (ii) result in
any breach or violation of or constitute a default under or pursuant to (or an event which with notice or lapse of time or both would
constitute such a breach, violation or default), or result in the loss of a material benefit under, or give any right of termination,
amendment, acceleration or cancellation of, any organizational document, agreement, contract, commitment, understanding or arrangement
to which such member is a party or by which it is bound, (e) as of the date of this Agreement, Starboard beneficially owns 7,005,000 shares
of Common Stock, (f) as of the date of this Agreement, and except as set forth in clause (e) above, Starboard does not currently have,
and does not currently have any right to acquire, any interest in any securities or assets of the Company or its Affiliates (or any rights,
options or other securities convertible into or exercisable or exchangeable (whether or not convertible, exercisable or exchangeable immediately
or only after the passage of time or the occurrence of a specified event) for such securities or assets or any obligations measured by
the price or value of any securities of the Company or any of its controlled Affiliates, including any swaps or other derivative arrangements
designed to produce economic benefits and risks that correspond to the ownership of shares of Common Stock or any other securities of
the Company, whether or not any of the foregoing would give rise to beneficial ownership (as determined under Rule 13d-3 promulgated under
the Exchange Act), and whether or not to be settled by delivery of shares of Common Stock or any other class or series of the Company&rsquo;s
stock, payment of cash or by other consideration, and without regard to any short position under any such contract or arrangement), and
(g) Starboard has not (except as disclosed in the Nomination Notice) agreed to, directly or indirectly, compensate or agree to compensate,
and will not, directly or indirectly, compensate or agree to compensate, any Starboard Director (or any Replacement Director) for serving
as a nominee or director, with any cash, securities (including any rights or options convertible into or exercisable for or exchangeable
into securities or any profit sharing agreement or arrangement), or other form of compensation directly or indirectly related to the Company
or its securities. For the avoidance of doubt, nothing herein shall prohibit Starboard from compensating or agreeing to compensate any
person for his or her respective service as a nominee or director of any other company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">5. <U>Press
Release</U>. Promptly following the execution of this Agreement, the Company and Starboard shall issue a mutually agreeable press release
(the &ldquo;<U>Press Release</U>&rdquo;) announcing certain terms of this Agreement in the form attached hereto as <U>Exhibit A</U>. Prior
to the issuance of the Press Release and subject to the terms of this Agreement, neither the Company (including the Board and any committee
thereof) nor Starboard shall issue any press release or make any public announcement regarding this Agreement or the matters contemplated
hereby without the prior written consent of the other Party, except as required by law or applicable stock exchange listing rules. During
the Standstill Period, neither the Company nor Starboard shall make any public announcement or statement that is inconsistent with or
contrary to the terms of this Agreement, except as required by law or applicable stock exchange listing rules or with the prior written
consent of the other party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">6. <U>Specific
Performance</U>. Each of Starboard, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable injury
to the other Party hereto would occur in the event any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached and that such injury would not be adequately compensable by the remedies available at law (including
the payment of money damages). It is accordingly agreed that Starboard, on the one hand, and the Company, on the other hand (the &ldquo;<U>Moving
Party</U>&rdquo;), shall each be entitled to specific enforcement of, and injunctive relief to prevent any violation of the terms hereof,
and the other Party hereto shall not take action, directly or indirectly, in opposition to the Moving Party seeking such relief on the
grounds that any other remedy or relief is available at law or in equity. This <U>Section 6</U> is not the exclusive remedy for any violation
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">7. <U>Expenses</U>.
The Company shall reimburse Starboard for its reasonable, documented out-of-pocket fees and expenses (including legal expenses) incurred
in connection with Starboard&rsquo;s involvement at the Company through the date of this Agreement, including but not limited to, its
Schedule 13D filings, its preparation and delivery of the Nomination Notice, its preparation and filing of preliminary proxy materials,
and the negotiation and execution of this Agreement; <U>provided</U>, <U>however</U>, that such reimbursement shall not exceed $1,100,000
in the aggregate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">8. <U>Severability</U>.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect
and shall in no way be affected, impaired or invalidated. It is hereby stipulated and declared to be the intention of the Parties that
the Parties would have executed the remaining terms, provisions, covenants and restrictions without including any of such which may be
hereafter declared invalid, void or unenforceable. In addition, the Parties agree to use their best efforts to agree upon and substitute
a valid and enforceable term, provision, covenant or restriction for any of such that is held invalid, void or enforceable by a court
of competent jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">9. <U>Notices</U>.
Any notices, consents, determinations, waivers or other communications required or permitted to be given under the terms of this Agreement
must be in writing and will be deemed to have been delivered: (a) upon receipt, when delivered personally; (b) upon confirmation of receipt,
when sent by email (<U>provided</U> such confirmation is not automatically generated); or (c)&nbsp;two business days after deposit with
a nationally recognized overnight delivery service, in each case properly addressed to the Party to receive the same. The addresses for
such communications shall be:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">LivePerson, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">530 Seventh
Ave, Floor M1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">New York, New York</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">Attn:</TD><TD STYLE="text-align: justify">Monica L. Greenberg,</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-indent: 0.75in">Executive Vice President and General
Counsel</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">Email:</TD><TD STYLE="text-align: justify">mgreenberg@liveperson.com</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">with copies (which shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Sidley Austin LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">1001 Page Mill Road Building 1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Palo Alto, California 94304</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">Attn:</TD><TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Derek Zaba</P></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: left">Email:</TD><TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">dzaba@sidley.com</P></TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Sidley Austin LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">787 Seventh Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">New York, NY 10019</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.25in; padding: 0.25pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: bottom; width: 0.5in; padding: 0.25pt">Attn:</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.25pt 0.25pt 2.65pt; font-size: 10pt; text-indent: -2.65pt">Jessica Wood</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">Email:</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">jessica.wood@sidley.com</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If to Starboard or any member thereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">Starboard Value LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">777 Third Avenue, 18th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">New York, NY 10017</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.25in; padding: 0.25pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: bottom; width: 0.5in; padding: 0.25pt">Attn:</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jeffrey C. Smith</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">Peter A. Feld</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">Email:</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">jsmith@starboardvalue.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">pfeld@starboardvalue.com</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">with a copy (which shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="margin-left: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Olshan Frome Wolosky LLP</P>

<P STYLE="margin-left: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">1325 Avenue of the Americas</P>

<P STYLE="margin-left: 0.25in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">New York, New York 10019</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">Attn:</TD><TD STYLE="text-align: justify">Steve Wolosky, Esq.</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Andrew Freedman, Esq.</TD></TR>
     </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">Email:</TD><TD STYLE="text-align: justify">swolosky@olshanlaw.com</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">afreedman@olshanlaw.com</TD></TR>
     </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">10. <U>Applicable
Law</U>. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without reference
to the conflict of laws principles thereof that would result in the application of the law of another jurisdiction. Each of the Parties
irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and obligations arising hereunder,
or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder brought
by the other Party hereto or its successors or assigns, shall be brought and determined exclusively in the Delaware Court of Chancery
and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction
over a particular matter, any federal court within the State of Delaware). Each of the Parties hereby irrevocably submits with regard
to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction
of the aforesaid courts and agrees that it will not bring any action relating to this Agreement in any court other than the aforesaid
courts. Each of the Parties hereby irrevocably waives, and agrees not to assert in any action or proceeding with respect to this Agreement,
(a) any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason, (b) any claim that it or
its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through
service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (c)
to the fullest extent permitted by applicable legal requirements, any claim that (i) the suit, action or proceeding in such court is brought
in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this Agreement, or the subject matter
hereof, may not be enforced in or by such courts. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">11. <U>Counterparts</U>.
This Agreement may be executed in two or more counterparts, each of which shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each of the Parties and delivered to the other Party (including by means of electronic
delivery or facsimile).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">12. <U>Mutual
Non-Disparagement</U>. Subject to applicable law, each of the Parties covenants and agrees that, during the Standstill Period, or if earlier,
until such time as the other Party or any of its agents, subsidiaries, Affiliates, successors, assigns, partners, members, officers, key
employees or directors shall have breached this <U>Section 12</U>, neither it nor any of its respective agents, subsidiaries, Affiliates,
successors, assigns, partners, members, officers, key employees or directors, shall in any way publicly criticize, disparage, call into
disrepute, or otherwise defame or slander the other Party or such other Party&rsquo;s subsidiaries, Affiliates, successors, assigns, partners,
members, officers (including any current officer of a Party or a Party&rsquo;s subsidiaries who no longer serves in such capacity following
the execution of this Agreement), directors (including any current officer or director of a Party or a Party&rsquo;s subsidiaries who
no longer serves in such capacity following the execution of this Agreement), employees, stockholders, agents, attorneys or representatives,
or any of their businesses, products or services, in any manner that would reasonably be expected to damage the business or reputation
of such other Party, their businesses, products or services or their subsidiaries, Affiliates, successors, assigns, officers (or former
officers), directors (or former directors), employees, stockholders, agents, attorneys or representatives; <U>provided</U>, <U>however</U>,
if the Starboard Director is a Starboard Representative, any statements made by Starboard regarding the Company&rsquo;s operational or
stock price performance, during periods following the date hereof, or any strategy, plans, or proposals of the Company not supported by
the Starboard Director who is a Starboard Representative that do not criticize, disparage, call into disrepute or otherwise defame or
slander any of the Company&rsquo;s officers (or former officers), directors (or former directors), employees, stockholders, agents, attorneys
or representatives (&ldquo;<U>Opposition Statements</U>&rdquo;) shall not be deemed to be a breach of this <U>Section 12</U> (subject
to, for the avoidance of doubt, any fiduciary duties and any obligations of confidentiality as a director that may otherwise apply) so
long as such Opposition Statement only speaks to a matter that has been made public by the Company; <U>provided</U>, <U>further</U>, that
if any Opposition Statement is made by Starboard, the Company shall be permitted to publicly respond with a statement similar in scope
to any such Opposition Statement. The restrictions in this <U>Section&nbsp; 12</U> shall not (a) apply (i) to any compelled testimony
or production of information, whether by legal process, subpoena, or as part of a response to a request for information from any governmental
or regulatory authority with jurisdiction over the party from whom information is sought, in each case to the extent required, or (ii)
to any disclosure that such party reasonably believes, after consultation with outside counsel, to be legally required by applicable law,
rules or regulations, in each case of clause (i) or (ii), solely to the extent that such restrictions would require a violation of the
applicable requirement; or (b) prohibit any party from reporting what it reasonably believes, after consultation with outside counsel,
to be violations of federal law or regulation to any governmental authority pursuant to Section 21F of the Exchange Act or Rule 21F promulgated
thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">13. <U>Confidentiality</U>.
In the event that the Starboard Director is a Starboard Representative, the Starboard Director may provide confidential information of
the Company which he or she learns in his or her capacity as a director of the Company, including discussions or matters considered in
meetings of the Board or Board committees (collectively, &ldquo;<U>Company Confidential Information</U>&rdquo;), to Starboard, its controlled
Affiliates and Associates and legal counsel (collectively, &ldquo;<U>Starboard Confidentiality Representatives</U>&rdquo;), in each case
solely to the extent such Starboard Confidentiality Representatives need to know such information in connection with Starboard&rsquo;s
investment in the Company&#894; <U>provided</U>, <U>however</U>, that Starboard (a)&nbsp;shall inform such Starboard Confidentiality Representatives
of the confidential nature of any such Company Confidential Information and (b)&nbsp;shall cause such Starboard Confidentiality Representatives
to refrain from disclosing such Company Confidential Information to anyone (whether to any company in which Starboard has an investment
or otherwise), by any means, or otherwise from using the information in any way other than internally in connection with Starboard&rsquo;s
investment in the Company. Such Starboard Director and Starboard shall not, without the prior written consent of the Company, otherwise
disclose any Company Confidential Information to any other person or entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">14. <U>Securities
Laws</U>. Starboard acknowledges that it is aware, and will advise each of its representatives who are informed as to the matters that
are the subject of this Agreement, that the United States securities laws may prohibit any person who directly or indirectly has received
from an issuer material, non-public information from purchasing or selling securities of such issuer or from communicating such information
to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">15. <U>Entire
Agreement; Amendment and Waiver; Successors and Assigns; Third Party Beneficiaries; Term</U>. This Agreement (and the letter agreement
between the Parties dated as of July 19, 2022) contains the entire understanding of the Parties with respect to its subject matter.
There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings between the Parties other than
those expressly set forth herein. No modifications of this Agreement can be made except in writing signed by an authorized representative
of each of the Company and Starboard. No failure on the part of any Party to exercise, and no delay in exercising, any right, power or
remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such Party
preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder are cumulative
and are not exclusive of any other remedies provided by law. The terms and conditions of this Agreement shall be binding upon, inure to
the benefit of, and be enforceable by the Parties and their respective successors, heirs, executors, legal representatives, and permitted
assigns. No Party shall assign this Agreement or any rights or obligations hereunder without, with respect to Starboard, the prior written
consent of the Company, and with respect to the Company, the prior written consent of Starboard. This Agreement is solely for the benefit
of the Parties and is not enforceable by any other persons or entities. This Agreement shall terminate at the end of the Standstill Period,
except that (i)&nbsp;the provisions of <U>Section 6</U>, <U>Sections 8 through 11</U> and <U>Sections 13 through 15</U> shall survive
termination and (ii)&nbsp;no termination shall relieve either Party from liability for any breach of this Agreement prior to such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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blank</I>]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, this Agreement has been duly
executed and delivered by the duly authorized signatories of the Parties as of the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt"><B>LIVEPERSON, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">By: </TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; width: 35%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">/s/ John Collins</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Name:&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">John Collins</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Title:</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">CFO</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Signature Page to Settlement Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value LP,</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its investment manager</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE AND OPPORTUNITY S LLC</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value LP,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its manager</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE AND OPPORTUNITY C LP</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value R LP,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">its general partner</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt"><B>STARBOARD VALUE R LP</B></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value R GP LLC,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its general partner</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.25pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP</B></P>

</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 36%">Starboard Value L LP,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its general partner</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE L LP</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value R GP LLC,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its general partner</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE LP</B></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value GP LLC,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">its general partner</P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt"><B>STARBOARD VALUE GP LLC</B></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: left; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 36%">Starboard Principal Co LP,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its member</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt"><B>STARBOARD X MASTER FUND LTD </B></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Starboard Value LP,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">its investment manager</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify; font-size: 10pt"><B>STARBOARD PRINCIPAL CO LP</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="vertical-align: bottom; width: 36%; text-align: justify; font-size: 10pt">Starboard Principal Co GP LLC,</TD>
    <TD STYLE="width: 96%">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: justify; font-size: 10pt">its general partner</TD>
    <TD>&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>STARBOARD VALUE R GP LLC &nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>STARBOARD
PRINCIPAL CO GP LLC</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; width: 36%; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">/s/ Peter Feld<U></U></TD>
    <TD STYLE="width: 96%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Name:</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Peter A. Feld</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Title:</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.25pt; padding-bottom: 0.25pt; padding-left: 0.25pt; text-align: justify; font-size: 10pt">Authorized Signatory</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>[Signature Page to Agreement]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Exhibit A </U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Press Release</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[<I>See attached</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>LivePerson Announces Agreement with Starboard
Value</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NEW YORK, July [&#9679;], 2022</B> &ndash; LivePerson,
Inc. (NASDAQ: LPSN) (&ldquo;LivePerson&rdquo; or the &ldquo;Company&rdquo;), a global leader in Conversational AI, today announced that
it has entered into an agreement (the &ldquo;Agreement&rdquo;) with Starboard Value LP and certain of its affiliates (together, &ldquo;Starboard&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of the Agreement, the LivePerson Board
of Directors (the &ldquo;Board&rdquo;) will appoint new independent directors pursuant to a cooperative selection process, with one nominee
to be identified by Starboard and the other to be identified by LivePerson. In addition, current director Peter Block will retire from
the Board at the time of the Company&rsquo;s 2022 Annual Meeting of Shareholders (the &ldquo;Annual Meeting&rdquo;) and pursuant to the
Agreement, the vacancy created by Block&rsquo;s departure is expected to be filled by an additional independent director pursuant to a
cooperative selection process under the Agreement, after which the Board will be composed of nine members, eight of whom are independent
and more than 50% of whom have joined the Board in the past six years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Current director Jill Layfield has been appointed
to the newly created role of Lead Independent Director. Layfield has been a strong voice on the Board and is an experienced operational
leader with deep expertise in consumer-facing online, offline and social commerce, digital marketing and digital product. She is known
for making high-quality customer care a key strategic differentiator and has a strong track record of using technology to transform customer
experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;For more than 25 years, we have maintained
our industry leadership in a constantly evolving market through purposeful innovation,&rdquo; said Rob LoCascio, Founder, Chairman and
CEO of LivePerson. &ldquo;As our company continues to evolve, adding new Board members whose skill sets complement those of our current
Board aligns with our ethos of continually evolving the business to deliver value to our shareholders, clients and employees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LoCascio continued &ldquo;We are pleased to have
reached this constructive outcome with Starboard, which we believe is in the best interests of our shareholders. We look forward to welcoming
new directors to our Board to support our long term strategy, continued market leadership and execution on our plans to deliver profitable
growth and enhanced value for all shareholders.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LoCascio concluded, &ldquo;On behalf of the Board, management and employees, I'd like to express our deep gratitude to Peter Block for
his dedication and profound contributions to our Company. As a renowned expert in organizational development, Peter has worked with prominent
organizations around the world, and we have been very fortunate to leverage and benefit from his vast expertise in building our inclusive
culture, core values and highly engaged workforce. I know that we'll continue to build on and benefit from Peter's wisdom and insights
in the future.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Peter Feld, Managing Member of Starboard,
added, &ldquo;We invested in LivePerson because we believe it has market leading products that are well positioned to succeed as
customer support organizations continue to evolve. We see significant opportunity for value creation, enhanced growth and margin
expansion.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Feld continued, &ldquo;We appreciate the Board
working with us to reach this agreement and we look forward to working cooperatively to identify and appoint new directors to the Board.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Jill Layfield, the newly appointed Lead Independent
Director said, &ldquo;I look forward to continuing to work closely with my fellow directors, and welcoming the incoming new directors,
as the Board actively engages with shareholders and oversees LivePerson&rsquo;s strategy and its implementation.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Starboard has agreed to withdraw its director
nominations previously submitted to the Company and vote all of its shares in favor of LivePerson&rsquo;s nominees at the Annual Meeting
and has entered into other customary standstill and voting commitments. The full Agreement will be filed by the Company with the U.S.
Securities and Exchange Commission as an exhibit to the Current Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will present its recommendations regarding
director nominees for election at the Annual Meeting in the Company's definitive proxy statement and other relevant documents to be filed
with the SEC. The date of the Annual Meeting is expected to  be August 4, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additional information on LivePerson&rsquo;s Board
of Directors, including videos of each of the directors highlighting their qualifications and Board roles and responsibilities, is available
at ir.liveperson.com/corporate-governance/board-of-directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About LivePerson</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LivePerson (NASDAQ:LPSN) is a leading Conversational
AI company creating digital experiences that are Curiously Human. Every person is unique, and our technology makes it possible for companies
to treat their audiences that way at scale. Our customers, including leading brands like HSBC, Orange, and GM Financial, can now meet
consumers where they are across social media, messaging, email, voice, and more. Nearly a billion conversational interactions are powered
by our Conversational Cloud each month. Out of that comes a uniquely rich data set for AI for brands to build connections that are anything
but artificial. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our Conversational AI, please
visit liveperson.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Statements in this press release regarding LivePerson
that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future
events or results to differ materially from such statements. Any such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change
as the quarter and year progress, and therefore it should be clearly understood that the internal projections and beliefs upon which we
base our expectations may change. Although these expectations may change, we are under no obligation to inform you if they do. Some of
the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without
limitation, the factors described in the Risk Factors section of the Company&rsquo;s most recently filed Annual Report on Form 10-K for
the year ended December 31, 2021, filed with the SEC on February 28, 2022, as amended by the Form 10-K/A filed on May 2, 2022, and as
from time to time updated in LivePerson&rsquo;s Quarterly Reports on Form 10-Q. The list of Risk Factors is intended to identify only
certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Important Additional Information </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LivePerson intends to file a proxy statement and
GOLD proxy card with the SEC in connection with the solicitation of proxies for LivePerson&rsquo;s 2022 Annual Meeting of Stockholders
(the &quot;Proxy Statement&quot; and such meeting the &quot;2022 Annual Meeting&quot;). BEFORE MAKING ANY VOTING DECISION, INVESTORS AND
STOCKHOLDERS OF LIVEPERSON ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE PROXY STATEMENT
AND ANY SUPPLEMENTS THERETO BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will also be able to obtain a
copy of the definitive Proxy Statement and other documents filed by LivePerson free of charge from the SEC's website, www.sec.gov. LivePerson&rsquo;s
stockholders will also be able to obtain, without charge, a copy of the definitive Proxy Statement and other relevant filed documents
from the Company's website, https://ir.liveperson.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">LivePerson, its directors and certain of its executive
officers will be participants in the solicitation of proxies from stockholders in respect of the 2022 Annual Meeting. Information regarding
the names of LivePerson&rsquo;s directors and executive officers and their respective interests in LivePerson by security holdings or
otherwise is set forth in LivePerson&rsquo;s amended Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with
the SEC on February 28, 2022, as amended by the Form 10-K/A filed on May 2, 2022 (the &quot;Amended Annual Report&quot;). To the extent
holdings of such participants in LivePerson&rsquo;s securities have changed since the amounts described in the Amended Annual Report,
such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form
4 filed with the SEC. Additional information can also be found in the Amended Annual Report. Details concerning the nominees of LivePerson&rsquo;s
Board of Directors for election at the 2022 Annual Meeting will be included in the Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Contacts</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors: ir-lp@liveperson.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Media: Mike Tague, mtague@liveperson.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ea163030ex99-1_liveperson.htm
<DESCRIPTION>PRESS RELEASE, ISSUED JULY 21, 2022
<TEXT>
<HTML>
<HEAD>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.1&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LivePerson
Announces Agreement with Starboard Value</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEW
YORK, July 21, 2022</B> &ndash; LivePerson, Inc. (NASDAQ: LPSN) (&ldquo;LivePerson&rdquo; or the &ldquo;Company&rdquo;), a global leader
in Conversational AI, today announced that it has entered into an agreement (the &ldquo;Agreement&rdquo;) with Starboard Value LP and
certain of its affiliates (together, &ldquo;Starboard&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
part of the Agreement, the LivePerson Board of Directors (the &ldquo;Board&rdquo;) will appoint new independent directors pursuant to
a cooperative selection process, with one nominee to be identified by Starboard and the other to be identified by LivePerson.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, current director Peter Block will retire from the Board at the time of the Company&rsquo;s 2022 Annual Meeting of Shareholders
(the &ldquo;Annual Meeting&rdquo;) and pursuant to the Agreement, the vacancy created by Block&rsquo;s departure is expected to be filled
by an additional independent director pursuant to a cooperative selection process under the Agreement, after which the Board will be
composed of nine members, eight of whom are independent and more than 50% of whom have joined the Board in the past six years.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current
director Jill Layfield has been appointed to the newly created role of Lead Independent Director. Layfield has been a strong voice on
the Board and is an experienced operational leader with deep expertise in consumer-facing online, offline and social commerce, digital
marketing and digital product. She is known for making high-quality customer care a key strategic differentiator and has a strong track
record of using technology to transform customer experience.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;For
more than 25 years, we have maintained our industry leadership in a constantly evolving market through purposeful innovation,&rdquo;
said Rob LoCascio, Founder, Chairman and CEO of LivePerson. &ldquo;As our company continues to evolve, adding new Board members whose
skill sets complement those of our current Board aligns with our ethos of continually evolving the business to deliver value to our shareholders,
clients and employees.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LoCascio
continued &ldquo;We are pleased to have reached this constructive outcome with Starboard, which we believe is in the best interests of
our shareholders. We look forward to welcoming new directors to our Board to support our long term strategy, continued market leadership
and execution on our plans to deliver profitable growth and enhanced value for all shareholders.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LoCascio
concluded, &ldquo;On behalf of the Board, management and employees, I&rsquo;d like to express our deep gratitude to Peter Block for his
dedication and profound contributions to our Company. As a renowned expert in organizational development, Peter has worked with prominent
organizations around the world, and we have been very fortunate to leverage and benefit from his vast expertise in building our inclusive
culture, core values and highly engaged workforce. I know that we&rsquo;ll continue to build on and benefit from Peter&rsquo;s wisdom
and insights in the future.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peter
Feld, Managing Member of Starboard, added, &ldquo;We invested in LivePerson because we believe it has market leading products that are
well positioned to succeed as customer support organizations continue to evolve. We see significant opportunity for value creation, enhanced
growth and margin expansion.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Feld
continued, &ldquo;We appreciate the Board working with us to reach this agreement and we look forward to working cooperatively to identify
and appoint new directors to the Board.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jill
Layfield, the newly appointed Lead Independent Director said, &ldquo;I look forward to continuing to work closely with my fellow directors,
and welcoming the incoming new directors, as the Board actively engages with shareholders and oversees LivePerson&rsquo;s strategy and
its implementation.&rdquo;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Starboard
has agreed to withdraw its director nominations previously submitted to the Company and vote all of its shares in favor of LivePerson&rsquo;s
nominees at the Annual Meeting and has entered into other customary standstill and voting commitments. The full Agreement will be filed
by the Company with the U.S. Securities and Exchange Commission as an exhibit to the Current Report on Form 8-K.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board will present its recommendations regarding director nominees for election at the Annual Meeting in the Company's definitive proxy
statement and other relevant documents to be filed with the SEC. The date of the Annual Meeting is expected to be August 4, 2022.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additional
information on LivePerson&rsquo;s Board of Directors, including videos of each of the directors highlighting their qualifications and
Board roles and responsibilities, is available at ir.liveperson.com/corporate-governance/board-of-directors.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>About
LivePerson</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LivePerson
(NASDAQ:LPSN) is a leading Conversational AI company creating digital experiences that are Curiously Human. Every person is unique, and
our technology makes it possible for companies to treat their audiences that way at scale. Our customers, including leading brands like
HSBC, Orange, and GM Financial, can now meet consumers where they are across social media, messaging, email, voice, and more. Nearly
a billion conversational interactions are powered by our Conversational Cloud each month. Out of that comes a uniquely rich data set
for AI for brands to build connections that are anything but artificial. Fast Company named us the #1 Most Innovative AI Company in the
world. To talk with us or our Conversational AI, please visit liveperson.com.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Forward-Looking
Statements </B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statements
in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and
uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal
projections and expectations to change as the quarter and year progress, and therefore it should be clearly understood that the internal
projections and beliefs upon which we base our expectations may change. Although these expectations may change, we are under no obligation
to inform you if they do. Some of the factors that could cause actual results to differ materially from the forward-looking statements
contained herein include, without limitation, the factors described in the Risk Factors section of the Company&rsquo;s most recently
filed Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 28, 2022, as amended by the Form
10-K/A filed on May 2, 2022, and as from time to time updated in LivePerson&rsquo;s Quarterly Reports on Form 10-Q. The list of Risk
Factors is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed
in the forward-looking statements.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Important
Additional Information </B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LivePerson
intends to file a proxy statement and proxy card with the SEC in connection with the solicitation of proxies for LivePerson&rsquo;s 2022
Annual Meeting of Stockholders (the &quot;Proxy Statement&quot; and such meeting the &quot;2022 Annual Meeting&quot;). BEFORE MAKING
ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS OF LIVEPERSON ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING THE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders
will also be able to obtain a copy of the definitive Proxy Statement and other documents filed by LivePerson free of charge from the
SEC's website, www.sec.gov. LivePerson&rsquo;s stockholders will also be able to obtain, without charge, a copy of the definitive Proxy
Statement and other relevant filed documents from the Company's website, https://ir.liveperson.com.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LivePerson,
its directors and certain of its executive officers will be participants in the solicitation of proxies from stockholders in respect
of the 2022 Annual Meeting. Information regarding the names of LivePerson&rsquo;s directors and executive officers and their respective
interests in LivePerson by security holdings or otherwise is set forth in LivePerson&rsquo;s amended Annual Report on Form 10-K for the
fiscal year ended December 31, 2021, filed with the SEC on February 28, 2022, as amended by the Form 10-K/A filed on May 2, 2022 (the
&quot;Amended Annual Report&quot;). To the extent holdings of such participants in LivePerson&rsquo;s securities have changed since the
amounts described in the Amended Annual Report, such changes have been reflected on Initial Statements of Beneficial Ownership on Form
3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information can also be found in the Amended Annual Report.
Details concerning the nominees of LivePerson&rsquo;s Board of Directors for election at the 2022 Annual Meeting will be included in
the Proxy Statement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Contacts</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investors:
ir-lp@liveperson.com</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Media:
Mike Tague, mtague@liveperson.com</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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