EX-4.3



 Exhibit 4.3 

REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of November 1, 2017 by and between
Guidewire Software, Inc., a Delaware corporation (“Parent”), and the individuals and entities listed on Exhibit A attached hereto (each a “Holder” and collectively the “Holders”). 

RECITALS 
 A. This
Agreement is being entered into pursuant to, and in connection with the transactions contemplated by, that certain Agreement and Plan of Reorganization dated as of October 5, 2017 (the “Merger Agreement”) by and between Parent,
Caesar Acquisition Sub I, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent (“MergerCo I”), Caesar Acquisition Sub II, LLC, a Delaware limited liability company and direct wholly owned subsidiary of parent
(“MergerCo II” and, together with MergerCo I, “MergerCos”), Cyence Inc., a Delaware corporation (the “Company”), and Shareholder Representative Services LLC, a Colorado limited liability company
solely in its capacity as the Securityholders’ Representative. 
 B. The Merger Agreement provides that, subject to the terms and
conditions of the Merger Agreement, MergerCo I will merge with and into the Company (the “First Merger”), with the Company continuing to exist as a wholly owned subsidiary of Parent and, as a part of the same overall transaction,
the Company would then merge with and into MergerCo II (the “Second Merger” and, together with the First Merger, the “Mergers”). 

C. Pursuant to the Mergers, among other things, the issued and outstanding Company Capital Stock shall be converted into the right to receive
Parent Shares and/or cash in the manner set forth in the Merger Agreement. 
 D. As an inducement for Company to enter into the Merger
Agreement, Parent agreed to grant the registration rights to the Holders as contained herein. 
 NOW, THEREFORE, in consideration of
the foregoing recitals and the mutual promises hereinafter set forth, the parties hereto agree as follows: 
 1. Definitions and
References. 
 Unless otherwise defined herein, the capitalized terms in this Agreement have the same meanings given to them in the
Merger Agreement. For purposes of this Agreement, in addition to the definitions set forth elsewhere herein, the following terms shall have the following respective meanings: 

“Applicable Securities Laws” means the securities laws of the United States, including without limitation the Exchange Act and
the Securities Act, and any applicable securities law of any State of the United States (and any rules or regulations promulgated thereunder), in each case as may be in effect from time to time. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 “Majority in Interest of Holders” means, at the time of determination, Holders holding at least a majority of
Registrable Securities. 







 “Parent Shares” means the Common Stock, $0.0001 par value per share, of Parent.

 “Register,” “registered” and “registration” shall refer to a registration effected by
preparing and filing a registration statement or similar document in compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or document by the SEC. 

“Registrable Securities” shall mean (a) the Subject Shares and (b) any Parent Shares issued as (or issuable upon
the conversion or exercise of any warrant, right, option or other convertible security which is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the Subject Shares. For purposes of this
Agreement, any Registrable Securities shall cease to be Registrable Securities when (a) a Registration Statement covering such Registrable Securities has been declared or otherwise becomes effective under the Securities Act and such Registrable
Securities shall have been disposed of in accordance with such effective Registration Statement, or (b) such Registrable Securities are sold by a person in a transaction that is exempt from registration pursuant to Rule 144 promulgated under
the Securities Act (“Rule 144”) or a transaction in which the Holders’ rights under this Agreement are not assigned. 

“Registration Effective Date” means the date the Registration Statement first becomes effective under the Securities Act.

 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Subject Shares” means the Parent Shares issued in exchange for outstanding shares of Company Capital Stock pursuant to the
Merger Agreement, other than the Parent Shares issued in exchange for Company Restricted Stock, the Parent Shares issuable in respect of the Deferred Merger Consideration and the Escrow Shares. 

2. Registration. 
 (a)
Subject to Section 2(b), on or prior to the fifth (5th) Business Day after the Effective Time (the “Initial Filing Deadline”), Parent shall file with the SEC a registration
statement (the “Registration Statement”) on Form S-3 ASR (or if Form S-3 ASR is not available for purposes of registering the sale of Registrable
Securities, then on Form S-3, or if Form S-3 is not available, another appropriate form) covering the resale of the Registrable Securities; provided that
Parent’s obligation to include the Registrable Securities of any Holder (i.e., an initial Holder or a Permitted Transferee) in the Registration Statement shall be expressly conditioned upon Parent’s prior receipt of all information
and materials regarding such Holder as specified in Section 6, and the taking of all action required to be taken pursuant to this Agreement by such Holder (with the understanding that if any Holder shall not have provided the information
and materials regarding such Holder as specified in Section 6 on or prior to the date hereof, Parent shall still file the Registration Statement on or prior to the Initial Filing Deadline for the Holders that provided their information
and materials in a timely manner in accordance with the foregoing, and then file amendments or supplements, as appropriate, to such Registration Statement (and any prospectus forming a part of such Registration Statement) from time to time on a
periodic basis following such time to include the required information for any Holders who shall provide their information and materials to Parent following the date hereof; provided that Parent shall not be required to file more than one
(1) such amendment or supplement in any four (4) week period). Parent shall use its reasonable best efforts to keep the Registration Statement effective under the Securities Act during the period commencing on the Registration Effective
Date and continuing until the earlier of (i) the six (6) 

  
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month anniversary of the Closing Date and (ii) the date that all Registrable Securities have been sold pursuant to the Registration Statement (such period, the “Registration
Period”). At all times from and after the date on which the Registration Statement is first filed with the SEC (except for any period during which Parent restricts offers and sales or other dispositions of Registrable Securities under the
Registration Statement pursuant to Section 4 hereof), the Registration Statement will comply as to form in all material respects with the requirements of Applicable Securities Laws and will not contain an untrue statement of a material
fact or omit to state any material fact necessary in order to make the statements made therein not misleading in the light of the circumstances under which they were made; provided that Parent shall not be responsible for any statements or
omissions made in reliance on and in conformity with information relating to any Holder furnished in writing to Parent by any Holder specifically for inclusion in the Registration Statement, any prospectus or any amendment or supplement thereto.

 (b) Notwithstanding Section 2(a), (A) after the Initial Filing Deadline, Parent may postpone for a reasonable period of time,
not to exceed sixty (60) days in the aggregate, the filing of the Registration Statement contemplated by Section 2(a) (i) if Parent, in its reasonable good faith judgment (after consultation with its legal advisors), has
determined that the offer and sale or other disposition of Registrable Securities pursuant to the Registration Statement would require public disclosure by Parent of material nonpublic information that Parent is not otherwise obligated to disclose
and that the immediate disclosure of such information would be detrimental to Parent; and (ii) at a time when sales of Parent Common Stock have been suspended globally under Parent’s then effective registration statements, provided that,
if Parent delays the filing of the Registration Statement pursuant to this Section 2(b), (x) Parent shall not register any securities for sale by the Company or for resale by any other securityholders during such delay period other than
pursuant to a registration solely for the sale of securities to or by employees of Parent or a subsidiary of Parent pursuant to equity incentive plans, (y) Parent shall work in good faith and take reasonable steps to limit to the greatest
extent practicable the duration of any such delay period, and (z) Parent shall file such Registration Statement as soon as reasonably practicable following the lapsing or expiration of the circumstances that led Parent to delay such filing; and
(B) in the event that Parent has not received the consent of its independent registered public accounting firm to include such firm’s audit report in the Registration Statement, then Parent shall not be required to file the Registration
Statement contemplated by Section 2(a) until Parent shall have received such consent, provided, that (x) Parent has used reasonable best efforts to obtain such consent, and (y) Parent shall file such Registration Statement as
soon as reasonably practicable following the receipt of such consent. 
 3. Obligations of Parent. Parent shall: 

(a) if the Registration Statement is automatically effective upon filing, use reasonable best efforts to cause such Registration Statement to
remain continuously effective until the termination hereof in accordance with Section 10(n); 
 (b) if the Registration Statement
is not automatically effective upon filing, use reasonable best efforts to cause such Registration Statement (i) to become effective as promptly as reasonably practicable after the filing thereof with the SEC, and (ii) to remain
continuously effective until the termination hereof in accordance with Section 10(n); 
 (c) notify each initial Holder promptly
after Parent receives notice thereof, and each initial Holder that is a Transferor Holder shall notify each of its Permitted Transferees promptly after receiving notice from Parent, of the time when such Registration Statement has been declared
effective or a supplement to any prospectus forming a part of such Registration Statement has been filed; 

  
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 (d) subject to Section 2(b)(A), notify each initial Holder promptly upon discovery
that, or upon the discovery of the happening of any event as a result of which, and each initial Holder that is a Transferor Holder shall notify each of its Permitted Transferees promptly after receiving notice from Parent that, the Registration
Statement or any supplement to any prospectus forming a part of the Registration Statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading in the light of the circumstances
under which they were made, and, as promptly as practicable, prepare and furnish to each initial Holder, and each initial Holder that is a Transferor Holder shall promptly furnish to each of its Permitted Transferees, a supplement or amendment to
such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
made therein not misleading in the light of the circumstances under which they were made; 
 (e) after the Registration Statement becomes
effective, notify each initial Holder, and each initial Holder that is a Transferor Holder shall promptly notify each of its Permitted Transferees, of any request by the SEC that Parent amend or supplement such registration statement or prospectus;

 (f) prepare and file with the SEC such amendments and supplements to the Registration Statement and the prospectus used in connection
therewith as may be reasonably necessary to keep the Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by the Registration Statement during
the Registration Period; 
 (g) furnish to each initial Holder, and each initial Holder that is a Transferor Holder shall distribute to each
of its Permitted Transferees, such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities Act, and such other documents as the selling Holders may reasonably request in order to facilitate their
disposition of their Registrable Securities; 
 (h) use its reasonable best efforts to register and qualify the Registrable Securities under
such other securities or blue-sky laws of such domestic jurisdictions as shall be reasonably requested by the Holders; provided, however, that Parent shall not be required in connection therewith
or as a condition thereto to qualify to do business in or to file a general consent to service of process in any jurisdiction, unless Parent is already subject to service in such jurisdiction; and 

(i) use its reasonable best efforts to file with the SEC in a timely manner all reports and other documents required to be filed by Parent
under Applicable Securities Laws. 
 4. Suspension of Offers and Sales of Registrable Securities under Registration Statement. At any
time from and after the Registration Effective Date, Parent may restrict offers and sales or other dispositions of Registrable Securities under the Registration Statement by delivering a written notice (a “Suspension Notice”) to all
initial Holders of Registrable Securities stating that a delay in the offer and sale or other disposition of Registrable Securities is necessary because Parent, in its reasonable good faith judgment (after consultation with its legal advisors), has
determined that the offer and sale or other disposition of Registrable Securities would require public disclosure by Parent of material nonpublic information that is not included in the Registration Statement and that immediate disclosure of such
information would be detrimental to Parent; provided, however, Parent may not suspend offers and sales or other dispositions of Registrable Securities pursuant to this Section 4 for more than sixty (60) days in the aggregate when
combined with any delays pursuant to Section 2(b)(A); provided further that, during any such suspension period, (x) Parent shall not register any securities for sale by the Company or for resale by any other securityholders during
such suspension period other than pursuant to a registration solely for the sale of securities to or by employees of Parent or a subsidiary of Parent pursuant to equity incentive plans, (y) Parent shall work in good faith and take reasonable
steps to limit the duration of any such suspension period, and (z) Parent shall suspend the usage of all other then-effective resale 

  
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registration statements and related prospectuses during such suspension period. Each initial Holder that is a Transferor Holder will promptly deliver a copy of the Suspension Notice to each of
its Permitted Transferees. Promptly following the cessation or discontinuance of the facts and circumstances forming the basis for any Suspension Notice, Parent shall use its reasonable best efforts to amend the Registration Statement and/or amend
or supplement the related prospectus included therein to the extent necessary, and take all other actions reasonably necessary, to allow the offer and sale or other disposition of Registrable Securities to recommence as promptly as reasonably
practicable, and promptly notify each initial Holder of Registrable Securities in writing when such offers and sales or other dispositions of Registrable Securities under the Registration Statement may recommence, and each initial Holder that is a
Transferor Holder will thereafter promptly notify each of its Permitted Transferees of the same. Upon receipt of a Suspension Notice, Holders shall immediately suspend their use of the Registration Statement and any prospectus included therein or
forming a part thereof to offer and sell or otherwise dispose of Registrable Securities, and shall not offer or sell or otherwise dispose of Registrable Securities under the Registration Statement or any prospectus included therein or forming a part
thereof until receipt of a notice from Parent pursuant to the preceding sentence that offers and sales or other dispositions of Registrable Securities may recommence. Holders shall keep the fact that Parent has delivered a Suspension Notice and any non-public information provided by Parent in connection therewith confidential, shall not disclose or reveal the Suspension Notice or any such information (together, the “Suspension Information”) to
any person or entity, and shall not use the Suspension Information for securities trading or any other purpose unless prior to the time of disclosure, revealing or use (a) the Suspension Information is publicly disclosed other than through a
breach of the aforementioned confidentiality obligation by a Holder; or (b) the Suspension Information is approved for disclosure by Parent in writing. 

5. [Reserved]. 
 6.
Furnish Information. It shall be a condition precedent to the obligations of Parent to take any action pursuant to this Agreement with respect to a Holder (i.e., the initial Holder or a Permitted Transferee) that such Holder complete,
execute, acknowledge and deliver a Joinder Agreement and such customary selling stockholder questionnaires and other documents, certificates, instruments, representations and warranties, and indemnities as may be reasonably requested by Parent in
connection with the filing of the Registration Statement, including, without limitation, representations and warranties (or indemnities with respect thereto) in connection with (i) such Holder’s ownership of his, her or its Registrable
Securities to be transferred free and clear of all liens, claims, and encumbrances, (ii) such Holder’s power and authority to effect such transfer, and (iii) matters pertaining to compliance with Applicable Securities Laws by such
Holder (such required documents and information, the “Seller Documents”). Parent may require each Holder, by written notice given to each such initial Holder, or if such Holder is a Permitted Transferee, to the applicable initial
Holder that is a Transferor Holder, not less than five (5) Business Days prior to the expected filing date of the Registration Statement, to promptly, and in any event within three (3) Business Days after receipt of such notice, furnish in
writing to Parent such information regarding the distribution of the Registrable Securities as Parent may from time to time reasonably request and such other information as may be legally required in connection with such registration. 

7. Expenses. All of the out-of-pocket expenses incurred
in connection with any registration of Registrable Securities pursuant to this Agreement, including all SEC fees, blue sky registration and filing fees, listing notices and filing fees, printing fees and expenses, transfer agents’ and
registrars’ fees and expenses and all reasonable fees and expenses of Parent’s outside counsel and independent accountants shall be paid by Parent. Parent shall not be responsible for any legal fees for any Holder or any selling expenses
of any Holder (including any broker’s fees or commissions). 

  
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 8. Transfer of Registration Rights. The registration rights of a Holder under this
Agreement with respect to any Registrable Securities may be transferred or assigned (i) to an Affiliate of such Holder, (ii) if Holder is an individual, to an immediate family member or trust for the benefit of such Holder or one or more
of such Holder’s immediate family members, (iii) pursuant to the laws of testamentary or intestate succession or otherwise involuntarily transferred by operation of law, or (iv) if Holder is a partnership, corporation, or limited
liability company, to a partner, stockholder or member thereof; provided, however, that (i) such Holder shall give Parent written notice prior to the time of such transfer stating the name and address of the transferee and
identifying the securities with respect to which the rights under this Agreement are being transferred; (ii) such transferee shall agree in writing, in form and substance reasonably satisfactory to Parent, to be bound as a Holder by the
provisions of this Agreement; and (iii) immediately following such transfer the further disposition of such securities by such transferee shall be restricted to the extent set forth under Applicable Securities Laws. Each such Holder that has
transferred or assigned such registration rights is referred to as a “Transferor Holder,” and each such transferee that has been transferred or assigned such registration rights is referred to as a “Permitted
Transferee”. Upon notice to Parent that a Transferor Holder shall have transferred or assigned its rights under this Agreement to a Permitted Transferee and the delivery to Parent of the required Seller Documents for such Permitted
Transferee, Parent shall promptly file a supplement or amendment to the prospectus forming a part of the Registration Statement setting forth the appropriate information regarding the Permitted Transferee as a selling shareholder thereunder;
provided that Parent shall not be required to file more than one (1) such supplement or amendment in any four (4) week period. 

9. Indemnification. In the event any Registrable Securities are included in a Registration Statement under this Agreement: 

(a) Parent shall indemnify and hold harmless, to the fullest extent permitted by applicable law, each selling Holder, such selling
Holder’s directors, officers, employees, stockholders, partners and members, each person, if any, who controls such selling Holder (within the meaning of the Securities Act) and each agent (including legal counsel and accountants) for such
selling Holder (sometimes referred to collectively herein as the “Holder Indemnified Parties”), against any losses, claims, damages or liabilities to which they may become subject under Applicable Securities Laws, insofar as such
losses, claims, damages or liabilities (or proceedings in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or prospectus related
thereto (including any prospectus filed under Rule 424 or 430A under the Securities Act) or any amendments or supplements to the foregoing, (ii) the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by Parent of Applicable Securities Laws, and shall reimburse each such Holder Indemnified Party for any documented legal or other expenses
reasonably incurred by them in connection with investigating or defending any such loss, claim, damage or liability as such expenses are incurred; provided, however, that the indemnity agreement contained in this
Section 9(a) shall not apply to amounts paid in settlement of any such loss, claim, damage or liability if such settlement is effected without the consent of Parent (which consent shall not be unreasonably withheld, conditioned or
delayed); provided, further, that Parent shall not be liable to any Holder Indemnified Party for any loss, claim, damage or liability to the extent that it arises out of or is based upon an untrue statement or alleged untrue statement
or omission or alleged omission made in connection with the Registration Statement, preliminary prospectus, final prospectus or amendments or supplements thereto, in reliance upon and in conformity with written information furnished expressly for
use in connection with such registration by any Holder. Parent’s obligations under this Section 9(a) shall remain in full force and effect regardless of any investigation made by or on behalf of any such Holder Indemnified Party,
and shall survive the transfer of such securities by such Holder, and any termination of this Agreement. 

  
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 (b) Each Holder, severally and not jointly, shall indemnify and hold harmless, to the fullest
extent permitted by applicable law, Parent, each of its directors, officers, employees and stockholders, each person, if any, who controls Parent within the meaning of the Securities Act, and each agent (including legal counsel and accountants) for
Parent (sometimes referred to collectively herein as the “Parent Indemnified Parties”) against any losses, claims, damages or liabilities to which they may become subject under Applicable Securities Laws, insofar as such losses,
claims, damages or liabilities (or proceedings in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement or prospectus related thereto
(including any prospectus filed under Rule 424 or 430A under the Securities Act) or any amendments or supplements to the foregoing, (ii) the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the indemnifying party of Applicable Securities Laws, in each case of (i) and (ii) to the extent, but only to the extent, that such
untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration Statement, preliminary or final prospectus, or amendments or supplements thereto, in reliance upon and in conformity with written information
furnished by or on behalf of such Holder expressly for use in connection with such registration, and each such Holder shall reimburse any documented legal or other expenses reasonably incurred by Parent Indemnified Party with investigating or
defending any such loss, claim, damage or liability as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 9(b) shall not apply to amounts paid in settlement of any such
loss, claim, damage or liability if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld, conditioned or delayed); and provided, further, that the liability of each Holder
hereunder by way of indemnification under this Section 9(b) and contribution under Section 9(d) shall be limited to the net proceeds actually received by such Holder from the sale of Registrable Securities covered by such
Registration Statement to which such claim or indemnity relates (after giving effect to any discounts and brokerage fees). Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of any such Parent
Indemnified Party, and shall survive the transfer of such securities by such Holder, and any termination of this Agreement. 
 (c) Promptly
after receipt by an indemnified party under this Section 9 of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against any indemnifying party under this
Section 9, notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in and control the defense thereof with counsel selected by the indemnifying party and
reasonably satisfactory to the indemnified party; provided, however, that an indemnified party shall have the right to retain its own counsel, with all reasonable fees and expenses thereof to be paid by such indemnified party, and to
be apprised of all progress in any proceeding the defense of which has been assumed by the indemnifying party. The failure to notify an indemnifying party promptly of the commencement of any such action, if and to the extent prejudicial to its
ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 9, but the omission so to notify the indemnifying party will not relieve it of any liability that it may
have to any indemnified party otherwise than under this Section 9. 
 (d) To the extent any indemnification by an indemnifying
party is prohibited or limited by applicable law, the indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or
liabilities in such proportion as is appropriate to reflect the relative fault of the indemnifying party and indemnified party in connection with the actions which resulted in such losses, claims, damages or liabilities, as well as any other
relevant equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of
material fact or 

  
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omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such indemnifying party or indemnified party, and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims, damages or liabilities referred to above shall be deemed to include any legal or
other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 9(d) were determined
by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The liability of each Holder hereunder by way of contribution under this Section 9(d) and indemnification
under Section 9(b) shall be limited to the net proceeds received by such Holder from the sale of Registrable Securities covered by the Registration Statement. 

10. General Provisions. 

(a) Notices. All notices and other communications hereunder shall be in writing and shall be deemed duly delivered (a) on the date
of delivery, if delivered personally, (b) five (5) Business Days after being sent by registered or certified mail, return receipt requested, postage prepaid, (c) one (1) Business Day after being sent for next Business Day delivery, fees
prepaid, via a reputable nationwide overnight courier service, or (d) if delivered by electronic mail, on the date of delivery if transmitted by 5:00 p.m. (Pacific time) on a Business Day, otherwise on the next Business Day after delivery, to
the parties hereto at the following address (or at such other address for a party as shall be specified by like notice): 
 If to a Holder:

 At the Holder’s address set forth on Exhibit A 

If to Parent: 
 Guidewire
Software, Inc. 
 1001 East Hillsdale Blvd, Suite 800 

Foster City, CA 94404 

Attention: General Counsel 

With a copy to: 
 Goodwin
Procter LLP 
 135 Commonwealth Drive 

Menlo Park, California 94025 

Attention: Richard A. Kline; Michael S. Russell 

Email: RKline@goodwinlaw.com; MRussell@goodwinlaw.com 

Facsimile No.: (650) 471-6060; (650) 752-3194 

(b) Interpretation. When a reference is made herein to Sections, subsections, or Exhibits, such reference shall be to a Sections,
subsections, of, or an Exhibit to this Agreement unless otherwise indicated. The headings contained herein are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Unless the context of this
Agreement otherwise requires: (i) words of any gender include each other gender and neutral forms of such words, (ii) words using the singular or plural number also include the plural or singular number, respectively, (iii) the terms


  
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“hereof,” “herein,” “hereto,” “hereunder” and derivative or similar words refer to this entire Agreement, (iv) references to clauses without a
cross-reference to a Section or subsection are references to clauses within the same Section or, if more specific, subsection, (v) references from or through any date shall mean, unless otherwise specified, from and including or through and
including, respectively, and (vi) the phrases “provide to” and “deliver to” and phrases of similar import mean that a true, correct and complete paper or electronic copy of the information or material referred to has been
delivered to the party to whom such information or material is to be provided. The symbol “$” refers to United States Dollars. The word “extent” in the phrase “to the extent” means the degree to which a subject or other
thing extends and such phrase shall not mean simply “if.” References to a Person are also to its permitted successors and assigns. All references to “days” shall be to calendar days unless otherwise indicated as a “Business
Day.” Unless indicated otherwise, (x) all mathematical calculations contemplated by this Agreement shall be rounded to the tenth decimal place, except in respect of payments, which shall be rounded to the nearest whole United States cent
and (y) fractions may be greater than one. 
 (c) Amendment. Except as otherwise provided herein, the provisions of this
Agreement may be amended or waived only upon the prior written consent of Parent and a Majority in Interest of Holders. 
 (d)
Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties hereto and
delivered to the other parties hereto; it being understood and agreed that all parties hereto need not sign the same counterpart. The delivery by facsimile or by electronic delivery in PDF or other electronic format of this Agreement with all
executed signature pages (in counterparts or otherwise) shall be sufficient to bind the parties hereto to the terms and conditions set forth herein. All of the counterparts will together constitute one and the same instrument and each counterpart
will constitute an original of this Agreement. 
 (e) Entire Agreement; Parties in Interest. This Agreement and the documents and
instruments and other agreements specifically referred to herein or delivered pursuant hereto, including all the exhibits attached hereto, (a) constitute the entire agreement among the parties hereto with respect to the subject matter hereof
and supersede all prior agreements and understandings, both written and oral, among the parties hereto with respect to the subject matter hereof, and (b) are not intended to confer, and shall not be construed as conferring, upon any Person
other than the parties hereto any rights or remedies hereunder. In the event of any conflict between this Agreement and the Merger Agreement, the terms of this Agreement shall control. 

(f) Assignment. Except as set forth in Section 8, neither this Agreement nor any of the rights and obligations under this
Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise by any of the parties hereto without the prior written consent of the other parties hereto, and any such assignment without such prior written consent
shall be null and void. Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and assigns. 

(g) Severability. In the event that any provision of this Agreement, or the application thereof, becomes or is declared by a court of
competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement shall continue in full force and effect and shall be interpreted so as reasonably necessary to effect the intent of the parties hereto. The parties hereto
shall use all reasonable efforts to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision that shall achieve, to the greatest extent possible, the economic, business and other purposes of such void or
unenforceable provision. 

  
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 (h) Arbitration; Submission to Jurisdiction; Consent to Service of Process. 

(i) EXCEPT FOR CLAIMS SEEKING THE REMEDY OF INJUNCTION OR SPECIFIC PERFORMANCE, IN THE EVENT THAT A RESOLUTION IS NOT REACHED AMONG THE
PARTIES HERETO WITHIN 60 DAYS AFTER WRITTEN NOTICE OF A DISPUTE, THE DISPUTE SHALL BE FINALLY SETTLED BY BINDING ARBITRATION IN SAN MATEO, CALIFORNIA. SUCH ARBITRATION SHALL BE CONDUCTED IN ENGLISH IN ACCORDANCE WITH THE RULES OF THE AMERICAN
ARBITRATION ASSOCIATION BY ONE ARBITRATOR APPOINTED IN ACCORDANCE WITH SUCH RULES. THE ARBITRATOR SHALL ALLOW SUCH DISCOVERY AS IS APPROPRIATE TO THE PURPOSES OF ARBITRATION IN ACCOMPLISHING A FAIR, SPEEDY AND COST-EFFECTIVE RESOLUTION OF THE
DISPUTE. THE ARBITRATOR SHALL REFERENCE THE FEDERAL RULES OF CIVIL PROCEDURE THEN IN EFFECT IN SETTING THE SCOPE AND TIMING OF DISCOVERY. THE AWARD OF ARBITRATION SHALL BE FINAL AND BINDING UPON THE PARTIES HERETO. THE ARBITRATOR WILL AWARD TO THE
PREVAILING PARTY ALL COSTS, FEES AND EXPENSES RELATED TO THE ARBITRATION, INCLUDING REASONABLE FEES AND EXPENSES OF ATTORNEYS, ACCOUNTANTS AND OTHER PROFESSIONALS INCURRED BY THE PREVAILING PARTY, AND JUDGMENT ON THE AWARD RENDERED BY THE ARBITRATOR
MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF. 
 (ii) Subject to Section 10(h)(i), the parties hereto hereby irrevocably
submit to the exclusive jurisdiction of the courts of the State of California and the Federal courts of the United States of America located in the State of California, the place where this Agreement was entered and is to be performed, in respect of
the interpretation and enforcement of the provisions of this Agreement and the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof
or thereof, that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not be
enforced in or by such courts, and the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined in such a California State or Federal court. The parties hereto hereby consent to and
grant any such court jurisdiction over the person of such parties and over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in
Section 10(a) or in such other manner as may be permitted by applicable law shall be valid and sufficient service thereof. With respect to any particular action, suit or proceeding, venue shall lie solely in the County of San Mateo,
California. Subject to Section 10(h)(i), a party hereto may apply either to a court of competent jurisdiction or to an arbitrator, if one has been appointed, for prejudgment remedies and emergency relief pending final determination of a
claim pursuant to this Section 10(h); provided, the appointment of an arbitrator does not preclude a party hereto from seeking prejudgment remedies and emergency relief from a court of competent jurisdiction. 

(i) Remedies Cumulative; Specific Performance. Except as otherwise provided herein, any and all remedies herein expressly conferred upon
a party hereto shall be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party hereto of any one remedy shall not preclude the exercise of any other remedy and
nothing herein shall be deemed a waiver by any party hereto of any right to specific performance or injunctive relief. It is accordingly agreed that, the parties hereto shall be entitled to an injunction or injunctions to prevent breaches of this
Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which they are entitled at law or in equity, and the parties hereto hereby waive the requirement of any posting of a bond in
connection with the remedies described herein. 

  
 10 








 (j) Rules of Construction. The parties hereto have been represented by counsel during the
negotiation, preparation and execution of this Agreement and, therefore, hereby waive, with respect to this Agreement, and each Exhibit attached hereto, the application of any applicable law or rule of construction providing that ambiguities in an
agreement or other document shall be construed against the party drafting such agreement or document. 
 (k) Governing Law. This
Agreement, all acts and transactions pursuant hereto and all obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of Delaware without reference to such state’s principles of conflicts of
law that would refer a matter to a different jurisdiction. 
 (l) Adjustments for Stock Splits, Etc. Wherever in this Agreement there
is a reference to a specific number of Parent Shares, upon the occurrence of any subdivision, combination or share dividend of such class of shares, the specific number of shares so referenced in this Agreement shall automatically be proportionally
adjusted to reflect the effect on the outstanding shares of such class or series of shares by such subdivision, combination or share dividend. 

(m) Costs and Attorneys’ Fees. In the event that any action, suit or other proceeding is instituted concerning or arising out of
this Agreement or any transaction contemplated hereunder, the prevailing party shall recover all of such party’s costs and attorneys’ fees incurred in each such action, suit or other proceeding, including any and all appeals or petitions
therefrom. 
 (n) Termination. This Agreement shall terminate and be of no further force and effect upon the earlier of (a) six
(6) months following the Closing Date and (b) the date when all Registrable Securities have been sold or otherwise disposed of pursuant to the Registration Statement; provided, however, the indemnification and contribution
provisions set forth in Section 9 shall survive any such termination. 
 [Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	PARENT:
	
	GUIDEWIRE SOFTWARE, INC.
		
	By:	 	 /s/ Priscilla Hung

	Name:	 	Priscilla Hung
	Title:	 	Chief Operating Officer


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	C&F INVESTMENT PARTNERS
		
	By:	 	 /s/ Barry Carr

	Name:	 	Barry Carr
	Title:	 	Partner


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	DOWLING CAPITAL PARTNERS, L.P.
		
	By:	 	Dowling Capital I, LLC
	It’s	 	General Partner
	By:	 	Dowling Capital SLP I, LLC
	Its:	 	Sole Member
		
	By:	 	 /s/ Vincent J Dowling Jr.

	Name:	 	Vincent J Dowling Jr.
	Title:	 	Managing Director


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

	
	HOLDERS:
	
	GNANALINGAM ARJAVALINGAM
	
	 /s/ G. Arjavalingam

	Gnanalingam Arjavalingam


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	HUTTON LIVING TRUST, DATED 12-10-96
		
	By:	 	 /s/ G. Thompson Hutton

	Name:	 	G. Thompson Hutton
	Title:	 	Trustee


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	INSTITUTIONAL VENTURE PARTNERS XV, L.P.
		
	By:	 	Institutional Venture Management XV, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Stephen J. Harrick

	Name:	 	Stephen J. Harrick
	Title:	 	General Partner
	
	INSTITUTIONAL VENTURE PARTNERS XV
	EXECUTIVE FUND, L.P.
		
	By:	 	Institutional Venture Management XV, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Stephen J. Harrick

	Name:	 	Stephen J. Harrick
	Title:	 	General Partner


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	MARSH LLC
		
	By:	 	 /s/ John P. Drzik

	Name: John P. Drizik
	Title: President, Global Risk and Digital


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	NEW ENTERPRISE ASSOCIATES 14, L.P.


 
			
		
	By:	 	NEA Partners 14, L.P.
	Its:	 	General Partner
	By:	 	NEA 14 GP, LTD
	Its:	 	General Partner


 
			
		
	By:	 	 /s/ Louis S. Citron

	Name: Louis S. Citron
	Title: Chief Legal Officer


 
			
	
	NEA VENTURES 2014, L.P.


 
			
		
	By:	 	 /s/ Louis S. Citron

	Name: Louis S. Citron
	Title: Vice President


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	THE RAPELYE ALDEN TRUST


 
			
		
	By:	 	 /s/ B Schauble

	Name:	 	B Schauble
	Title:	 	Trustee


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	WS INVESTMENT COMPANY, LLC (2014 A)
		
	By:	 	 /s/ Mark Baudler

	Name:	 	Mark Baudler
	Title:	 	Member


 [Signature Page to Registration Rights Agreement] 







 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and
year first above written. 
  

			
	HOLDERS:
	
	YELLOW ROSE LLC
		
	By:	 	 /s/ G. Arjavalingam

	Name:	 	G. Arjavalingam
	Title:	 	Member


 [Signature Page to Registration Rights Agreement] 







 Exhibit A 

HOLDERS 
  

							
	 Stockholder
	  	Physical Address and
Facsimile	 	Email Address	 	Number of Shares of
Registrable Securities
	 C&F Investment Partners
	  	[Redacted]	 	[Redacted]	 	(1)
	 Dowling Capital Partners, L.P.
	  	[Redacted]	 	[Redacted]	 	(1)
	 Gnanalingam Arjavalingam
	  	[Redacted]	 	[Redacted]	 	(1)
	 Hutton Living Trust, Dated 12-10-96
	  	[Redacted]	 	[Redacted]	 	(1)
	 Institutional Venture Partners XV, L.P.
	  	[Redacted]	 	[Redacted]	 	(1)
	 Institutional Venture Partners XV Executive Fund, L.P.
	  	[Redacted]	 	[Redacted]	 	(1)
	 Marsh LLC
	  	[Redacted]	 	[Redacted]	 	(1)
	 New Enterprise Associates 14, L.P.
	  	[Redacted]	 	[Redacted]	 	(1)
	 NEA Ventures 2014, L.P.
	  	[Redacted]	 	[Redacted]	 	(1)
	 The Rapelye Alden Trust
	  	[Redacted]	 	[Redacted]	 	(1)
	 WS Investment Company, LLC (2014 A)
	  	[Redacted]	 	[Redacted]	 	(1)
	 Yellow Rose LLC
	  	[Redacted]	 	[Redacted]	 	(1)


  
 A-1