Document:

EX-4.5

 Exhibit 4.5 
  

			
	REGISTERED	 	No.        
		
	ILL.C.C. No.         	 	($         issued pursuant to Illinois Commerce Commission Docket No.         )

 MIDAMERICAN ENERGY COMPANY 

 
  

4.40% First Mortgage Bond due 2044 
  

 
 Unless this
certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company (as defined below) or its agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co., or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

The following summary of terms is subject to the provisions set forth below: 

 

							
	CUSIP: 595620 AN5	  			
	ORIGINAL ISSUE DATE: April 3, 2014	  			
	PRINCIPAL AMOUNT: $        	  			
	MATURITY DATE: October 15, 2044	  			
	INTEREST RATE: 4.40%	  			
	INTEREST PAYMENT DATES:	 	April 15 and October 15, commencing October 15, 2014.	  
	RECORD DATES: April 1 and October 1.	  			
	OPTIONAL REDEMPTION:	  	 	        Yes                    No       
 	  

 MidAmerican Energy Company, an Iowa corporation (herein called the “Company”, which term includes
any successor Person under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & CO. or registered assigns the principal amount of
                     ($        ), in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts, on the Maturity Date specified above and to pay interest thereon, in such coin or currency, from and including the Original Issue Date specified above, or from and including the most
recent Interest Payment Date specified above to which interest has been paid or duly provided for, as the case may be. Interest shall be paid in arrears semiannually on each Interest Payment Date in each year commencing on October 15, 2014, at
the per annum Interest Rate set forth above until Maturity and the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this global Bond is registered at the close of business on the Record Date specified above next preceding such Interest Payment Date; 

 
provided, however, that interest payable on the Maturity Date or, if applicable, upon redemption, shall be payable to the Person to whom principal shall be payable. Payment of the
principal of and any premium and interest on this global Bond shall be made on or before 10:30 a.m., New York City time or such other time as shall be agreed upon between the Trustee and the Depositary, of the day on which such payment is due, by
wire transfer into the account specified by the Depositary; provided, however, that as a condition to the payment at the Maturity Date of any part of the principal of and any applicable premium on this global Bond, the Depositary shall
surrender, or cause to be surrendered, this global Bond to the Trustee. The Company will pay any administrative costs imposed by banks in connection with making payments by wire transfer, but not any tax or other governmental charge imposed on the
Holder of this global Bond. 
 Under certain circumstances, this global Bond is exchangeable in whole or from time to time in part for a
definitive individual Bond or Bonds, with the same Original Issue Date, Maturity Date, Interest Rate and redemption and other provisions as provided herein or in the Indenture. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS GLOBAL BOND SET FORTH IN FULL ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL
FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN FULL AT THIS PLACE. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this global Bond shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 ii 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: April 3, 2014 
  

					
	MIDAMERICAN ENERGY COMPANY
		
	By:	 	  

		 	Name:	 	Calvin D. Haack
		 	Title:	 	Vice President and Treasurer

  

			
	Attest:
		
	By:	 	  

	Name:	 	Paul J. Leighton
	Title:	 	 Vice President, Secretary and
 Assistant General
Counsel

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Name:
		 	Authorized Officer

  
 iii 

 [REVERSE OF NOTE] 

MIDAMERICAN ENERGY COMPANY 

4.40% First Mortgage Bonds due 2044 

This global Bond is one of, and a global security which represents Bonds which are part of, the duly authorized 4.40% First Mortgage Bonds due
2044 of the Company (herein called the “Bonds”), issued under an Indenture dated as of September 9, 2013, as amended and supplemented (herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders, and of the terms upon which the Bonds are, and are to be, authenticated and delivered. 

Interest on this global Bond will be payable on the Interest Payment Date or Interest Payment Dates as specified on the face hereof and, in
either case, at Maturity. Unless otherwise specified on the face hereof, payments on this global Bond with respect to any particular Interest Payment Date or the Maturity Date will include interest accrued from and including the applicable Original
Issue Date, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, to but excluding the particular Interest Payment Date or the Maturity Date. Interest on this global Bond will be computed
and paid on the basis of a 360-day year of twelve 30-day months. 
 All percentages resulting from any calculation with respect to this
global Bond will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point (with five one-millionths of a percentage point rounded upward) and all dollar amounts used in or resulting from any such calculation with respect
to this global Bond will be rounded to the nearest cent (with one-half cent being rounded upward). 
 “Business Day” means, unless
otherwise specified on the face hereof, any Monday, Tuesday, Wednesday, Thursday or Friday that in the City of New York, New York is not a day on which banking institutions are authorized or obligated by law or executive order to close. In any case
when any Interest Payment Date, Redemption Date, or stated maturity of any Bond shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of the Indenture or of the Bonds) payment of interest or principal (and
premium, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Redemption Date or at the stated maturity, provided that no interest shall
accrue for the period from and after such Interest Payment Date, Redemption Date or stated maturity, as the case may be. 
 This global Bond
is secured under the Company’s Mortgage, Security Agreement, Fixture Filing and Financing Statement between the Company and The Bank of New York Mellon Trust Company, N.A. (the “Mortgage”). Reference is made to the Mortgage for a
description of the property mortgaged and pledged and the nature and extent of the security and to the Intercreditor and Collateral Trust Agreement among the Company, the Trustee and The Bank of New York Mellon Trust Company, N.A., as collateral
trustee, and the Indenture for the 

 
rights of the holders of the Bonds and of the Trustee in respect thereof. Reference is made to the Indenture and the Mortgage for the terms and conditions upon which the Bonds are secured and the
circumstances under which additional bonds may be issued. 
 This global Bond will be subject to redemption at the option of the Company on
any date in whole or from time to time in part in increments of $2,000 or integral multiples of $1,000 in excess thereof, at the redemption prices specified in an annex attached to this global Bond, plus accrued interest on the principal amount
thereof to the Redemption Date, but payments due with respect to this global Bond prior to the Redemption Date will be paid to the Person in whose name this global Bond is registered at the close of business on the relevant Record Date specified on
the face hereof, all as provided in the Indenture. The Company may exercise such option by causing the Trustee to mail a notice of such redemption, not less than 30 nor more than 60 days prior to the Redemption Date, in accordance with the
provisions of the Indenture. In the event of redemption of this global Bond in part only, this global Bond will be cancelled and a new global Bond representing the unredeemed portion hereof will be issued in the name of the Holder hereof. This
global Bond is not subject to a sinking fund. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Company and the rights of the Holders to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal
amount of the Outstanding Bonds of each series that would be affected thereby. The Indenture also provides that the Holders of not less than a majority in principal amount of the Outstanding Bonds of any affected series may on behalf of the Holders
of all Bonds of such series waive certain existing Events of Default and their consequences. Any such consent or waiver of the Holder of any Bond shall bind every future Holder of the same Bond and the Holder of every Bond issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Bond.

 As set forth in, and subject to, the provisions and limitations set forth in the Indenture, the Holders of at least a majority in
principal amount of the Outstanding Bonds of each series shall have any right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the Securities of such series. 
 THIS GLOBAL BOND IS A GLOBAL BOND REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE THEREOF
AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY
TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

  
 2 

 If at any time the Depositary for this global Bond notifies the Company that it is unwilling or
unable to continue as Depositary for this global Bond or if at any time the Depositary for this global Bond shall no longer be registered or in good standing under the Securities Exchange Act of 1934, as amended, or other applicable statute or
regulation, the Company shall appoint a successor Depositary with respect to this global Bond. If a successor Depositary for this global Bond is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of
such condition, the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Bonds of this series, shall authenticate and deliver Bonds of this series in definitive form in an
aggregate principal amount equal to the principal amount of this global Bond in exchange for this global Bond. 
 The Company may at any
time and in its sole discretion determine that the Bonds of this series shall no longer be represented by a global Bond. In such event the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of
definitive Bonds of this series, shall authenticate and deliver, Bonds of this series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal amount equal to the principal amount of this global Bond,
in exchange for this global Bond. 
 The Company may from time to time, without the consent of Holders of the Securities, create and issue
further notes having the same terms and conditions as the Bonds in all respects, except for the Original Issue Date, issue price and, in some circumstances, the initial interest accrual date and initial interest payment date. Additional Bonds issued
in this manner will be consolidated with, and form a single series with, the Bonds and shall thereafter be deemed Bonds for all purposes. 

No reference herein to the Indenture and no provision of this global Bond or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this global Bond at the times, places and rates, and in the coin or currency, herein prescribed. 

The Indenture contains provisions for the satisfaction and discharge of the Indenture upon compliance by the Company with certain conditions
specified therein, which provisions apply to this global Bond. 
 The Indenture contains provisions for the defeasance and discharge of the
Indenture upon compliance by the Company with certain conditions specified therein, which provisions apply to this global Bond. 
 The
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this global Bond is registered as the owner of this global Bond for the purpose of receiving payment of principal of (and premium, if any) and
interest on this global Bond and for all other purposes whatsoever, whether or not this global Bond be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
 3 

 The Indenture and the Bonds are governed by and construed in accordance with the laws of the
State of New York and for all purposes shall be governed by and construed in accordance with the laws of said state without regard to the conflicts of laws rules of said state. 

All terms used in this global Bond which are defined in the Indenture but are not defined in this global Bond shall have the meanings assigned
to them in the Indenture. 

  
 4 

 ANNEX 1 

OPTIONAL REDEMPTION PROVISIONS 

The Bonds will be redeemable as a whole at any time or in part, from time to time, at the option of the Company, at a redemption price equal
to the sum of (a) the greater of (i) 100% of the principal amount of the Bonds being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon from the redemption date to the
maturity date, computed by discounting such payments, in each case, to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, plus (b) accrued interest
on the principal amount thereof to the redemption date. 
 On and after April 15, 2044, the Company may redeem all or any part of the
Bonds, at the option of the Company, at any time or from time to time, at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus accrued and unpaid interest thereon to the redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Bonds to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of the Bond. 
 “Comparable Treasury Price” means, with respect to any redemption date, (i) the average of
the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) on the third business day in New York City preceding such redemption date, as set forth in the daily statistical release (or
any successor release) published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities” or (ii) if such release (or any successor release) is not published or does not
contain such prices on such business day, the Reference Treasury Dealer Quotation for such redemption date. 
 “Independent Investment
Banker” means an investment banking institution of international standing appointed by the Company. 
 “Reference Treasury
Dealer” means a primary United States government securities dealer in New York City appointed by the Company. 
 “Reference
Treasury Dealer Quotation” means, with respect to the Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount and quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. on the third Business Day in New York City preceding such redemption date). 

  
 5 

 “Treasury Rate” means the rate per annum equal to the semi-annual equivalent or
interpolated (on a day-count basis) yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption
Date. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each holder of the
Bonds to be redeemed. If, at the time notice of redemption is given, the redemption moneys are not held by the Trustee, the redemption may be made subject to their receipt on or before the redemption date and such notice shall be of no effect unless
such moneys are so received. Upon payment of the redemption price, on and after the redemption date interest will cease to accrue on Bonds or portions thereof called for redemption. 

  
 6 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

							
	TEN COM –	  	as tenants in common	  	
			
	TEN ENT –	  	as tenants by the entireties	  	
			
	JT TEN –	  	as joint tenants with right of survivorship and
not as tenants in common	  	
			
	UNIT GIFT MIN ACT –	  	  
	  	(Cust) Custodian
		  	  
	  	(Minor) under Uniform
		  	Gifts to Minors Act	  		  	
			
		  	  
	  	
		  	(State)	  	

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 

 

			
		 	  

		
		 	  

  
  

Please print or typewrite name and address 

including postal zip code of assignee 
  

 
 the within Bond and all rights thereunder, hereby
irrevocably constituting and appointing             attorney to transfer said Bond on the books of the Company, with full power of substitution in the premises. 

 

							
	Dated:	 	  
	 		 	
		 		 		 	  

		 		 		 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatever. The signature must be guaranteed
by a commercial bank, a trust company or a member of the New York Stock Exchange.

  
 7EX-10.4

 Exhibit 10.4 

TRIVASCULAR TECHNOLOGIES, INC. 

2014 EMPLOYEE STOCK PURCHASE PLAN 

APPROVED BY THE BOARD OF DIRECTORS
                     , 2014 

APPROVED BY STOCKHOLDERS
                     , 2014 

EFFECTIVE DATE/IPO DATE
                     , 2014 
  

	1.	PURPOSE. 

 (a) The purpose of this 2014 Employee Stock Purchase
Plan (the “Plan”) is to provide a means by which employees of TriVascular Technologies, Inc. (the “Company”) and its Affiliates, as defined in subparagraph 1(b), that are designated as provided in
subparagraph 2(b), may be given an opportunity to purchase common stock of the Company (the “Common Stock”). 

(b) The word “Affiliate” as used in the Plan means any parent corporation or subsidiary corporation of the
Company, as those terms are defined in Sections 424(e) and (f), respectively, of the Internal Revenue Code of 1986, as amended (the “Code”). 

(c) The Company, by means of the Plan, seeks to retain the services of its employees, to secure and retain the services of new
employees, and to provide incentives for such persons to exert maximum efforts for the success of the Company. 
 (d) The Company
intends that the rights to purchase stock of the Company (each, a “Purchase Right” and, collectively, “Purchase Rights”) granted under the Plan be considered options issued under an “employee
stock purchase plan” as that term is defined in Section 423(b) of the Code. 
  

	2.	ADMINISTRATION. 

 (a) The Plan shall be administered by the Board
of Directors (the “Board”) of the Company unless and until the Board delegates administration to a Committee, as provided in subparagraph 2(c). Whether or not the Board has delegated administration, the Board shall have the
final power to determine all questions of policy and expediency that may arise in the administration of the Plan. 
 (b) The Board
shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 
 (i) To determine when and how
Purchase Rights shall be granted and the provisions of each offering of such Purchase Rights (which need not be identical). 
 (ii)
To designate from time to time which Affiliates of the Company shall be eligible to participate in the Plan. 
 (iii) To construe
and interpret the Plan and Purchase Rights, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to
the extent it shall deem necessary or expedient to make the Plan fully effective. 

 (iv) To amend the Plan as provided in paragraph 13. 

(v) To terminate or suspend the Plan as provided in paragraph 15. 

(vi) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company and its Affiliates and to carry out the intent that the Plan be treated as an “employee stock purchase plan” within the meaning of Section 423 of the Code. 

(c) The Board may delegate administration of the Plan to a Committee composed of not fewer than two (2) members of the Board (the
“Committee”). If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, subject, however, to such resolutions,
not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. 

 

	3.	SHARES SUBJECT TO THE PLAN. 

(a) Subject to the provisions of paragraph 12 relating to adjustments upon changes in stock and subject to the increases in the number
of reserved shares described below, the stock that may be sold pursuant to Purchase Rights granted under the Plan shall not exceed in the aggregate 500,000 shares of Common Stock (the “Reserved Shares”). If any Purchase Right
granted under the Plan shall for any reason terminate without having been exercised, the Common Stock not purchased under such Purchase Right shall again become available for the Plan. 

(b) The number of shares of Common Stock available for grant and issuance under the Plan shall be increased on January 1 of each
of the first ten (10) calendar years during the term of the Plan by the least of: (i) one percent (1.0%) of the number of shares of Common Stock issued and outstanding on each December 31 immediately prior to the date of
increase; or (ii) such number of shares of Common Stock determined by the Board prior to the start of the year for which the increase applies. 

(c) The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. 

 

	4.	GRANT OF PURCHASE RIGHTS; OFFERING. 

The Board or the Committee may from time to time grant or provide for the grant of Purchase Rights under the Plan to eligible employees (an
“Offering”) on a date or dates (the “Offering Date(s)”) selected by the Board or the Committee. Each Offering shall be in such form and shall contain such terms and conditions as the Board or the
Committee shall deem appropriate, which shall comply with the requirements of Section 423(b)(5) of the Code that all employees granted Purchase Rights under the Plan shall have the same rights and privileges. The terms and conditions of an
Offering shall be incorporated by reference into the Plan and treated as part of the Plan. The provisions of separate Offerings need not be identical, but each Offering shall include (through incorporation of the provisions of this Plan by reference
in the document comprising the Offering or otherwise) the period during which the Offering shall be effective, which period shall not exceed twenty-seven (27) months beginning with the Offering Date, and the substance of the provisions
contained in paragraphs 5 through 8, inclusive. 

  
 -2- 

	5.	ELIGIBILITY. 

 (a) Purchase Rights may be granted only to employees
of the Company or, as the Board or the Committee may designate as provided in subparagraph 2(b), to employees of any Affiliate of the Company. Except as provided in subparagraph 5(b), an employee of the Company or any Affiliate shall not be eligible
to be granted Purchase Rights under the Plan unless, on the Offering Date, such employee has been in the employ of the Company or any Affiliate for such continuous period preceding such grant as the Board or the Committee may require, but in no
event shall the required period of continuous employment be greater than two (2) years. In addition, unless otherwise determined by the Board or the Committee and set forth in the terms of the applicable Offering, no employee of the Company or
any Affiliate shall be eligible to be granted Purchase Rights under the Plan, unless, on the Offering Date, such employee’s customary employment with the Company or such Affiliate is for at least twenty (20) hours per week and at least
five (5) months per calendar year. 
 (b) Purchase Rights may not be granted to individuals who are not employees of the Company
or any of its Affiliates, including, without limitation, to consultants or members of the Board of the Company or of an Affiliate who are not otherwise employees. For purposes of this Plan, neither service as a consultant or a director or in any
other capacity other than as an employee nor payment of a fee for such services shall be sufficient by themselves to make an individual an employee. 

(c) The Board or the Committee may provide that each person who, during the course of an Offering, first becomes an eligible employee
of the Company or designated Affiliate will, on a date or dates specified in the Offering which coincides with the day on which such person becomes an eligible employee or occurs thereafter, receive a Purchase Right under that Offering, which
Purchase Right shall thereafter be deemed to be a part of that Offering. Such Purchase Right shall have the same characteristics as any Purchase Rights originally granted under that Offering, as described herein, except that: 

(i) the date on which such Purchase Right is granted shall be the “Offering Date” of such Purchase Right for all purposes,
including determination of the exercise price of such Purchase Right; 
 (ii) the period of the Offering with respect to such
Purchase Right shall begin on its Offering Date and end coincident with the end of such Offering; and 
 (iii) the Board or the
Committee may provide that if such person first becomes an eligible employee within a specified period of time before the end of the Offering, he or she will not receive any Purchase Right under that Offering. 

(d) No employee shall be eligible for the grant of any Purchase Rights under the Plan if, immediately after any such Purchase Rights
are granted, such employee owns stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Affiliate. For purposes of this subparagraph 5(d), the rules of
Section 424(d) of the Code shall apply in determining the stock ownership of any employee, and stock which such employee may purchase under all outstanding Purchase Rights and options shall be treated as stock owned by such employee. 

(e) An eligible employee may be granted Purchase Rights under the Plan only if such Purchase Rights, together with any other rights
granted under “employee stock purchase plans” of the Company and any Affiliates, as specified by Section 423(b)(8) of the Code, do not permit such employee’s rights to purchase stock of the Company or any Affiliate to accrue at a
rate which exceeds 

  
 -3- 

 
twenty-five thousand dollars ($25,000) of Fair Market Value (as defined below) of such stock (determined at the time such rights are granted, and which with respect to the Plan, will be
determined as of their respective Offering Dates) for each calendar year in which such rights are outstanding at any time. 
 (f)
Officers of the Company and any designated Affiliate, if they are otherwise eligible employees, shall be eligible to participate in Offerings under the Plan; provided, however, that the Board may provide in an Offering that certain
employees who are highly compensated employees within the meaning of Section 423(b)(4)(D) of the Code shall not be eligible to participate. 
  

	6.	RIGHTS; PURCHASE PRICE. 

 (a) On each
Offering Date, each eligible employee, pursuant to an Offering made under the Plan, shall be granted a Purchase Right to purchase up to the number of shares of Common Stock of the Company purchasable with a percentage (in whole percentages only)
designated by the Board or the Committee not exceeding fifteen (15%) of such employee’s Earnings (as defined in subparagraph 7(a)) during the period which begins on the Offering Date (or such later date as the Board or the Committee
determines for a particular Offering) and ends on the date stated in the Offering, which date shall be no later than the end of the Offering. The Board or the Committee shall establish one or more dates during an Offering (the “Purchase
Date(s)”) on which Purchase Rights granted under the Plan for that Offering shall be exercised and purchases of Common Stock carried out in accordance with such Offering. 

(b) In connection with each Offering made under the Plan, the Board or the Committee shall specify a maximum number of shares that may
be purchased by any employee. In addition, in connection with each Offering, the Board or the Committee may specify a maximum aggregate number of shares that may be purchased by all eligible employees pursuant to such Offering. In addition, in
connection with each Offering that contains more than one Purchase Date, the Board or the Committee may specify a maximum aggregate number of shares which may be purchased by all eligible employees on any given Purchase Date under the Offering. If
the aggregate purchase of shares upon exercise of Purchase Rights granted under the Offering would exceed any such maximum aggregate number, the Board or the Committee shall make a pro rata allocation of the shares available in as nearly a uniform
manner as shall be practicable and as it shall deem to be equitable. 
 (c) The purchase price of stock acquired pursuant to Purchase
Rights granted under the Plan shall be not less than the lesser of: 
 (i) an amount equal to eighty-five percent (85%) of the
Fair Market Value of the stock on the Offering Date; or 
 (ii) an amount equal to eighty-five percent (85%) of the Fair Market
Value of the stock on the applicable Purchase Date. 
 (d) For the purposes of the Plan, the “Fair Market
Value” means, as of any date, the value of a share of the Company’s Common Stock determined as follows: 
 (i) If
such Common Stock is publicly traded and is then listed on a national securities exchange, its closing sale price on the date of determination as quoted on the principal national securities exchange on which the Common Stock is listed or admitted to
trading as reported in The Wall Street Journal or such other source as the Board deems reliable. Unless otherwise provided by the Board, if there is no closing sales price for the Common Stock on the date of determination, then the Fair
Market Value will be the closing sales price on the last preceding date for which such quotation exists. 

  
 -4- 

 (ii) If such Common Stock is publicly traded but is neither listed nor admitted to trading
on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal or such other source as the Board deems reliable. 

(iii) In the absence of any of the foregoing, the Fair Market Value will be determined by the Board in good faith in compliance with
applicable laws and in a manner that complies with Sections 409A of the Code. 
 (iv) Notwithstanding the foregoing, for any Offering
that commences on the IPO Date (as defined in Section 16 below), the Fair Market Value of the shares of Common Stock on the Offering Date will be the price per share at which shares are first sold to the public in the Company’s initial
public offering as specified in the final prospectus for that initial public offering. 
  

	7.	PARTICIPATION; WITHDRAWAL; TERMINATION. 

(a) An eligible employee may become a participant in the Plan pursuant to an Offering by delivering a participation agreement to the
Company within the time specified in the Offering, in such form as the Company provides. Each such agreement shall authorize payroll deductions of up to the maximum percentage (in whole percentages only) specified by the Board or the Committee of
such employee’s Earnings during the Offering. “Earnings” are defined as an employee’s wages (including amounts thereof elected to be deferred by the employee, that would otherwise have been paid, under any
arrangement established by the Company that is intended to comply with Section 125, Section 132(f)(4), Section 401(k), Section 402(h) or Section 403(b) of the Code or that provides non-qualified deferred compensation), which
shall include overtime pay, incentive pay, and commissions, but shall exclude bonuses, profit sharing or other remuneration paid directly to the employee, the cost of employee benefits paid for by the Company or an Affiliate, education or tuition
reimbursements, imputed income arising under any group insurance or benefit program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company or an Affiliate
under any employee benefit plan, and similar items of compensation, as determined by the Board or the Committee. The payroll deductions made for each participant shall be credited to an account for such participant under the Plan and shall be
deposited with the general funds of the Company except where applicable law requires a deposit with a third party. If permitted in the Offering, a Participant may begin such deductions with the first payroll occurring on or after the Offering Date
(or, in the case of a payroll date that occurs after the end of the prior Offering but before the Offering Date of the next new Offering, such deductions from payroll will be included in the new Offering). If permitted in the Offering, a participant
may thereafter reduce (including to zero) or increase such payroll deductions. A participant may make additional payments into his or her account only if specifically provided for in the Offering and only if the participant has not had the maximum
amount withheld during the Offering. 
 (b) At any time during an Offering, a participant may terminate his or her payroll deductions
under the Plan and withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company provides. Such withdrawal may be elected at any time prior to the end of the Offering except as provided by the Board or
the Committee in the Offering with respect to any deadline for withdrawing before a Purchase Date. Upon such withdrawal from the Offering by a participant, the Company shall distribute to such participant all of his or her accumulated payroll
deductions (reduced to the extent, if any, such deductions have been used to acquire stock for the participant) under the Offering, without interest, and such participant’s interest in that Offering shall be automatically terminated. A
participant’s withdrawal from an Offering will have no effect upon such participant’s eligibility to participate in any other Offerings under the Plan but such participant will be required to deliver a new participation agreement in order
to participate in subsequent Offerings under the Plan. 

  
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 (c) Purchase Rights granted pursuant to any Offering under the Plan shall terminate
immediately upon cessation of any participating employee’s employment with the Company and any designated Affiliate, for any reason, and the Company shall distribute to such terminated employee all of his or her accumulated payroll deductions
(reduced to the extent, if any, such deductions have been used to acquire stock for the terminated employee), under the Offering, without interest. 

(d) Purchase Rights granted under the Plan shall not be transferable by a participant otherwise than by will or the laws of descent and
distribution, or by a beneficiary designation as provided in paragraph 14 and, otherwise during his or her lifetime, shall be exercisable only by the person to whom such Purchase Rights are granted. 

 

	8.	EXERCISE. 

 (a) On each Purchase Date specified therefor in the
relevant Offering, each participant’s accumulated payroll deductions and other additional payments specifically provided for in the Offering (without any increase for interest) shall be applied to the purchase of whole shares of stock of the
Company, up to the maximum number of shares permitted pursuant to the terms of the Plan and the applicable Offering, at the purchase price specified in the Offering. No fractional shares shall be issued upon the exercise of Purchase Rights granted
under the Plan. The amount, if any, of accumulated payroll deductions remaining in each participant’s account after the purchase of shares which is less than the amount required to purchase one share of stock on the final Purchase Date of an
Offering shall be held in each such participant’s account for the purchase of shares under the next Offering under the Plan, unless such participant withdraws from such next Offering, as provided in subparagraph 7(b), or is no longer eligible
to be granted Purchase Rights under the Plan, as provided in paragraph 5, in which case such amount shall be distributed to the participant after such final Purchase Date, without interest. The amount, if any, of accumulated payroll deductions
remaining in any participant’s account after the purchase of shares which is equal to the amount required to purchase whole shares of stock on the final Purchase Date of an Offering shall be distributed in full to the participant after such
Purchase Date, without interest. 
 (b) No Purchase Rights granted under the Plan may be exercised to any extent unless the shares to
be issued upon such exercise under the Plan (including Purchase Rights granted thereunder) are covered by an effective registration statement pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and the
Plan is in material compliance with all state, foreign and other securities and other laws applicable to the Plan. If on a Purchase Date in any Offering hereunder the Plan is not so registered or in such compliance, no Purchase Rights granted under
the Plan or any Offering shall be exercised on such Purchase Date, and the Purchase Date shall be delayed until the Plan is subject to such an effective registration statement and such compliance, except that the Purchase Date shall not be delayed
more than twelve (12) months and the Purchase Date shall in no event be more than twenty-seven (27) months from the Offering Date. If on the Purchase Date of any Offering hereunder, as delayed to the maximum extent permissible, the Plan is
not registered and in such compliance, no Purchase Rights granted under the Plan or any Offering shall be exercised and all payroll deductions accumulated during the Offering (reduced to the extent, if any, such deductions have been used to acquire
stock) shall be distributed to the participants, without interest. 
  

	9.	COVENANTS OF THE COMPANY. 

(a) During the terms of the Purchase Rights granted under the Plan, the Company shall keep available at all times the number of shares
of stock required to satisfy such Purchase Rights. 

  
 -6- 

 (b) The Company shall seek to obtain from each federal, state, foreign or other regulatory
commission or agency having jurisdiction over the Plan such authority as may be required to grant of Purchase Rights and issue and sell shares of stock upon exercise of the Purchase Rights granted under the Plan. If, after reasonable efforts, the
Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the grant of Purchase Rights or the lawful issuance and sale of stock under the Plan, the Company shall be
relieved from any liability for failure to grant Purchase Rights and/or to issue and sell stock upon exercise of such Purchase Rights. 
  

	10.	USE OF PROCEEDS FROM STOCK. 

Proceeds from the sale of stock pursuant to Purchase Rights granted under the Plan shall constitute general funds of the Company. 

 

	11.	RIGHTS AS A STOCKHOLDER. 

 A
participant shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares subject to Purchase Rights granted under the Plan unless and until the participant’s shareholdings acquired upon exercise
of Purchase Rights under the Plan are recorded in the books of the Company. 
  

	12.	ADJUSTMENTS UPON CHANGES IN STOCK. 

(a) If any change is made in the stock subject to the Plan, or subject to any Purchase Rights granted under the Plan, due to a change in
corporate capitalization and without the receipt of consideration by the Company (through reincorporation, stock dividend, stock split, reverse stock split, combination or reclassification of shares, other than the conversion of any convertible
securities of the Company), the Plan shall be appropriately adjusted in the class(es) and maximum number of securities subject to the Plan pursuant to subsection 3(a), and the outstanding Purchase Rights shall be appropriately adjusted in the
class(es) and number of securities and price per share of stock subject to such outstanding Purchase Rights. Such adjustments shall be made by the Board, the determination of which shall be final, binding and conclusive. 

(b) In the event of: (1) a dissolution, liquidation or sale of all or substantially all of the securities or assets of the
Company, (2) a merger or consolidation in which the Company is not the surviving corporation or (3) a reverse merger in which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the
merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise, then any surviving corporation may assume outstanding Purchase Rights or substitute similar Purchase Rights for those under the
Plan. In the event that no surviving corporation assumes outstanding Purchase Rights or substitutes similar rights therefor, participants’ accumulated payroll deductions shall be used to purchase Common Stock immediately prior to the
transaction described above and the participants’ Purchase Rights under the ongoing Offering shall terminate immediately following such purchase. 
  

	13.	AMENDMENT OF THE PLAN. 

(a) The Board at any time, and from time to time, may amend the Plan. However, except as provided in paragraph 12 relating to
adjustments upon changes in stock, no amendment shall be effective unless approved by the stockholders of the Company within twelve (12) months before or after the adoption of the amendment, where the amendment will: 

(i) Increase the number of shares reserved for Purchase Rights under the Plan; 

  
 -7- 

 (ii) Modify the provisions as to eligibility for participation in the Plan (to the extent
such modification requires stockholder approval in order for the Plan to obtain employee stock purchase plan treatment under Section 423 of the Code or to comply with the requirements of Rule 16b-3 promulgated under the Securities Exchange
Act of 1934, as amended (“Rule 16b-3”)); or 
 (iii) Modify the Plan in any other way if such modification
requires stockholder approval in order for the Plan to obtain employee stock purchase plan treatment under Section 423 of the Code or to comply with the requirements of Rule 16b-3. 

It is expressly contemplated that the Board may amend the Plan in any respect the Board deems necessary or advisable to provide eligible employees with the
maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder relating to employee stock purchase plans and/or to bring the Plan and/or Purchase Rights granted under it into compliance
therewith. 
 (b) Rights and obligations under any Purchase Rights granted before amendment of the Plan shall not be impaired by any
amendment of the Plan, except with the consent of the person to whom such Purchase Rights were granted, or except as necessary to comply with any laws or governmental regulations, or except as necessary to ensure that the Plan and/or Purchase Rights
granted under the Plan comply with the requirements of Section 423 of the Code. 
  

	14.	DESIGNATION OF BENEFICIARY. 

 (a) A
participant may file a written designation of a beneficiary who is to receive shares and cash, if any, from the participant’s account under the Plan in the event of such participant’s death subsequent to the end of an Offering but prior to
delivery to the participant of such shares and cash. In addition, a participant may file a written designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event of such participant’s
death during an Offering. 
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In
the event of the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or
administrator of the estate of the participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole discretion, may deliver such shares and/or cash to the spouse or to any one or
more dependents or relatives of the participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
  

	15.	TERMINATION OR SUSPENSION OF THE PLAN. 

(a) The Board in its discretion, may suspend or terminate the Plan at any time. No Purchase Rights may be granted under the Plan while
the Plan is suspended or after it is terminated. 
 (b) Rights and obligations under any Purchase Rights granted while the Plan is in
effect shall not be altered or impaired by suspension or termination of the Plan, except as expressly provided in the Plan or with the consent of the person to whom such Purchase Rights were granted, or except as necessary to comply with any laws or
governmental regulation, or except as necessary to ensure that the Plan and/or Purchase Rights granted under the Plan comply with the requirements of Section 423 of the Code. 

  
 -8- 

	16.	EFFECTIVE DATE OF PLAN. 

 The
Plan shall become effective on the IPO Date, provided that it has been adopted by the Board prior to such time, but no Purchase Rights shall be exercised under the Plan unless and until the Plan has been approved by the stockholders of the
Company within twelve (12) months before or after the date the Plan is adopted by the Board. “IPO Date” shall mean the date of the underwriting agreement between the Company and the underwriter(s) managing the initial
public offering of the Common Stock, pursuant to which the Common Stock is priced for the initial public offering. 
  

	17.	CHOICE OF LAW. 

 The laws of the State of
California shall govern all questions concerning the construction, validity and interpretation of the Plan, without regard to such state’s conflict of law rules. 

  
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