Document:

Employment Offer Letter - Mallun Yen

 Exhibit 10.7 
 RPX CORPORATION  
 ONE MARKET
PLAZA, STEUART TOWER, SUITE 700 
 SAN
FRANCISCO, CA 94105 
 October 25, 2010 

Mallun Yen 

[Address] 
 Dear
Mallun: 
 RPX Corporation (the “Company”) is pleased to offer you employment on the following terms:

 1. Position. Your initial title will be Executive Vice President, and you will report to John Amster,
Chief Executive Officer, and be part of the executive management. This is a full-time position. 
 2.
Commencement of Employment. This letter is conditioned upon your agreement to begin employment with the Company no later than November 22, 2010. 
 3. Cash Compensation. The Company will pay you a starting salary at the rate of $300,000 per year, payable in accordance with the Company’s standard payroll schedule. This salary will be
subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. If you are still actively employed and in good standing with the Company as of December 31, 2011, the Company will pay you a
guaranteed Year End Bonus of $200,000 for the calendar year 2011, payable in a lump sum on the next regularly scheduled payroll date (“Guaranteed 2011 Bonus”). 

Beginning in 2011, you will also be eligible to participate in the Company's annual incentive compensation plan. If the
Company meets all of its annual corporate goals, and you also perform well against your individual and group goals, which initially will relate to the milestones described below, you can expect to receive an incentive plan payment after the
Company’s Board of Directors (the “Board”) approves our year-end financial statements. No bonus will be paid unless you are an employee of the Company on the date the bonus is paid. Please note that this incentive plan does not
constitute a contract of employment or alter the "at will" status of your employment. If the amount you would have received under the Company’s annual incentive compensation plan for 2011 exceeds your Guaranteed 2011 Bonus, then you will
receive an additional bonus in the amount of the difference. 
 4. Equity Compensation. As part of your
offer, we are also pleased to offer you a grant of 700,000 Options on Common Stock of the Company (the “Option”). This grant is subject to approval by the Board and will vest 25% upon completion of your first year of employment with the
Company (such date, the “Cliff Vesting Date”), with the remaining 75% vesting ratably on a monthly basis over the next three years of employment with the Company. If the Company is 

 Mallun Yen 
 October 25, 2010 
  Page
 2
 
  

subject to a Change in Control before your employment terminates and you are subject to an Involuntary Termination within 12 months after
the Change in Control, then you will become vested in an additional 50% of the then-unvested Option shares. Further, if you die or if the Company terminates your employment because of your Disability, in either case prior to the Cliff Vesting Date,
then you will vest in the first 25% of the Option shares. 
 “Involuntary Termination” shall mean (i) the
termination of your employment by the Company for reasons other than Cause or death or Disability; or (ii) your voluntary resignation following (A) a material reduction in your authority and responsibility (it being understood that a
material reduction in authority and responsibility shall not be deemed to have occurred as long as you retain substantial senior executive responsibilities in the same line of business that you were involved with immediately prior to a Change in
Control), (B) a reduction in your base salary by more than 10%, or (C) a request by the Company that you relocate by more than 50 miles. 
 “Cause” shall mean (i) your intentional and unauthorized use or disclosure of the Company’s confidential information or trade secrets, which use or disclosure causes material harm to
the Company; (ii) your material breach of any agreement between you and the Company; (iii) your material failure to comply with the Company’s written policies or rules; (iv) your conviction of, or plea of “guilty” or
“no contest” to, a felony under the laws of the United States or any State thereof; (v) your gross negligence or willful misconduct; (vi) your continuing failure to perform assigned duties after receiving written notification of
such failure from the Board of Directors; or (vii) your failure to cooperate in good faith with a governmental or internal investigation of the Company or its directors, officers or employees, if the Company has requested your cooperation.

 In addition, subject to approval by the Board, at the same time you are granted the Option you will receive an additional
grant of 200,000 Options on Common Stock of the Company (the “Performance Option”). Vesting of the Performance Option will begin after the Board determines that you have achieved both of the following milestones: 

 

	 	•	 	 Within six months of the date your employment begins (the “Start Date”), you will submit to the Board for approval business plans for two
new lines of business and those plans are approved by the Board (the “Business Plans”); and 

  

	 	•	 	 Within 18 months of the Start Date, the Company has launched at least one of the businesses in the Business Plans with at least four clients that
are generating revenue consistent with the applicable plan. 

 The Board will determine whether and when the
milestones have been achieved. If the milestones are achieved, then the Performance Option will vest ratably on a monthly basis over four years of continuous employment beginning on the date the Board determines the milestones have been achieved. To
the extent one or both of the milestones is not achieved within the time-frames specified above, the Performance Option will expire on the date the Board determines that such milestone(s) were not achieved unless it decides to permit vesting on an
alternative basis. 

 Mallun Yen 
 October 25, 2010 
  Page
 3
 
  

Both the Option and the Performance Option will be subject to the terms and conditions applicable to options granted under the
Company’s 2008 Stock Plan, as described in that plan and the applicable Stock Option Agreements. 
 5.
Employee Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will be entitled to paid time off in accordance with the Company’s PTO policy, as in
effect from time to time. 
 6. Proprietary Information and Inventions Agreement. Like all Company
employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Proprietary Information and Inventions Agreement, a copy of which is attached hereto as Exhibit A. 

7. Employment Relationship. Our benefits, payroll, and other human resource management services are provided
through TriNet Employer Group, Inc., a professional employer organization. As a result of our arrangement with TriNet, TriNet will be considered your employer of record for these purposes and your managers at the Company will be responsible for
directing your work, reviewing your performance, setting your schedule, and otherwise directing your work. Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that
either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you are superseded by this letter agreement. This is the full and complete
agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your
employment may only be changed in an express written agreement signed by you and a duly authorized officer of the Company (other than you). While you render services to the Company, you will not engage in any other employment, consulting or other
business activity (whether full-time or part-time) that would create a conflict of interest with the Company. By signing this letter of agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that
would prohibit you from performing your duties for the Company. 
 8. Tax Matters. 

(a) Withholding. All forms of compensation referred to in this letter agreement are subject to reduction to reflect
applicable withholding and payroll taxes and other deductions required by law. 
 (b) Tax Advice. You are
encouraged to obtain your own tax advice regarding your compensation from the Company. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any
claim against the Company or its Board of Directors related to tax liabilities arising from your compensation. 

 Mallun Yen 
 October 25, 2010 
  Page
 4
 
  
 9. Interpretation, Amendment and Enforcement. This letter agreement and Exhibit A constitute the complete agreement between you and the Company, contain all of the terms of your employment
with the Company and supersede any prior agreements, representations or understandings (whether written, oral or implied) between you and the Company. This letter agreement may not be amended or modified, except by an express written agreement
signed by both you and a duly authorized officer of the Company. The terms of this letter agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this letter agreement or arising out of, related to, or in
any way connected with, this letter agreement, your employment with the Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of
law. You and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in San Francisco, California, in connection with any Dispute or any claim related to any Dispute. 

* * * * * 
 As
required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States. This offer is contingent upon our receipt of a satisfactory investigation report of your
background. 
 You may indicate your agreement with these terms and accept this offer by signing and dating both the enclosed
duplicate original of this letter agreement and the enclosed Proprietary Information and Inventions Agreement and returning them to me. 

 Mallun Yen 
 October 25, 2010 
  Page
 5
 
  
 This offer shall remain in effect through 5:00pm on October 29, 2010 after which time it shall become void. 

 

	
	 Very truly yours,

	
	 RPX CORPORATION

	
	 /s/ John A. Amster

	 By: John A. Amster

	 Title: Chief Executive Officer

 I have read and accept this employment offer: 
  

	
	 /s/ Mallun Yen

	Signature of Employee

  

			
	 Dated:
	 	 October 25, 2010

Attachment 
 Exhibit A:
Proprietary Information and Inventions Agreement2008 Stock Plan, as amended

 Exhibit 10.8 
 RPX CORPORATION 
 2008 STOCK
PLAN 
 ADOPTED ON AUGUST 11, 2008 

AMENDED ON MARCH 25, 2010 AND OCTOBER 21, 2010

 TABLE OF CONTENTS 

 

									
	 	  	 	 	 	  	Page	 
	 SECTION 1. Establishment And Purpose
	  	 	1	  
		
	 SECTION 2. Administration
	  	 	1	  
		  	 (a)
	 	 Committees of the Board of Directors
	  	 	1	  
		  	 (b)
	 	 Authority of the Board of Directors
	  	 	1	  
		
	 SECTION 3. Eligibility
	  	 	1	  
		  	 (a)
	 	 General Rule
	  	 	1	  
		  	 (b)
	 	 Ten-Percent Stockholders
	  	 	1	  
		
	 SECTION 4. Stock Subject To Plan
	  	 	2	  
		  	 (a)
	 	 Basic Limitation
	  	 	2	  
		  	 (b)
	 	 Additional Shares
	  	 	2	  
		
	 SECTION 5. Terms And Conditions Of Awards Or Sales
	  	 	2	  
		  	 (a)
	 	 Stock Purchase Agreement
	  	 	2	  
		  	 (b)
	 	 Duration of Offers and Nontransferability of Rights
	  	 	2	  
		  	 (c)
	 	 Purchase Price
	  	 	2	  
		  	 (d)
	 	 Withholding Taxes
	  	 	2	  
		  	 (e)
	 	 Restrictions on Transfer of Shares
	  	 	2	  
		
	 SECTION 6. Terms And Conditions Of Options
	  	 	3	  
		  	 (a)
	 	 Stock Option Agreement
	  	 	3	  
		  	 (b)
	 	 Number of Shares
	  	 	3	  
		  	 (c)
	 	 Exercise Price
	  	 	3	  
		  	 (d)
	 	 Exercisability
	  	 	3	  
		  	 (e)
	 	 Basic Term
	  	 	3	  
		  	 (f)
	 	 Termination of Service (Except by Death)
	  	 	3	  
		  	 (g)
	 	 Leaves of Absence
	  	 	4	  
		  	 (h)
	 	 Death of Optionee
	  	 	4	  
		  	 (i)
	 	 Restrictions on Transfer of Shares
	  	 	4	  
		  	 (j)
	 	 Transferability of Options
	  	 	5	  
		  	 (k)
	 	 Withholding Taxes
	  	 	5	  
		  	 (l)
	 	 No Rights as a Stockholder
	  	 	5	  
		  	 (m)
	 	 Modification, Extension and Assumption of Options
	  	 	5	  
		
	 SECTION 7. Payment For Shares
	  	 	5	  
		  	 (a)
	 	 General Rule
	  	 	5	  
		  	 (b)
	 	 Services Rendered
	  	 	5	  
		  	 (c)
	 	 Promissory Note
	  	 	5	  
		  	 (d)
	 	 Surrender of Stock
	  	 	6	  
		  	 (e)
	 	 Exercise/Sale
	  	 	6	  
		  	 (f)
	 	 Other Forms of Payment
	  	 	6	  

  
 i 

  

									
	 SECTION 8. Adjustment Of Shares
	  	 	6	  
		    	 (a)
	 	 General
	  	 	6	  
		    	 (b)
	 	 Mergers and Consolidations
	  	 	6	  
		    	 (c)
	 	 Reservation of Rights
	  	 	7	  
		
	 SECTION 9. Securities Law Requirements
	  	 	8	  
		
	 SECTION 10. No Retention Rights
	  	 	8	  
		
	 SECTION 11. Duration and Amendments
	  	 	8	  
		    	 (a)
	 	 Term of the Plan
	  	 	8	  
		    	 (b)
	 	 Right to Amend or Terminate the Plan
	  	 	8	  
		    	 (c)
	 	 Effect of Amendment or Termination
	  	 	8	  
		
	 SECTION 12. Definitions
	  	 	9	  

  
 ii 

 RPX CORPORATION 2008 STOCK PLAN

 SECTION 1. ESTABLISHMENT AND PURPOSE. 
 The purpose of the Plan is to offer selected persons an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, by purchasing Shares of the
Company’s Stock. The Plan provides both for the direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may include Nonstatutory Options as well as ISOs intended to qualify under
Section 422 of the Code. 
 Capitalized terms are defined in Section 12. 

SECTION 2. ADMINISTRATION. 
 (a) Committees of the Board of Directors. The Plan may be administered by one or more Committees. Each Committee shall consist of one or more members of the Board of Directors who have been
appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the
Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 

(b) Authority of the Board of Directors. Subject to the provisions of the Plan, the Board of Directors
shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations and other actions of the Board of Directors shall be final and binding on all Purchasers,
all Optionees and all persons deriving their rights from a Purchaser or Optionee. 
 SECTION 3. ELIGIBILITY. 

(a) General Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of
Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of ISOs. 
 (b) Ten-Percent Stockholders. A person who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries
shall not be eligible for the grant of an ISO unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the date of grant and (ii) such ISO by its terms is not exercisable after the expiration of five years from
the date of grant. For purposes of this Subsection (b), in determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 

 SECTION 4. STOCK SUBJECT TO PLAN. 

(a) Basic Limitation. Not more than 9,019,4741 Shares may be issued under the Plan (subject to Subsection (b) below and Section 8(a)). All of these Shares
may be issued upon the exercise of ISOs. The number of Shares that are subject to Options or other rights outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. The
Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. 

(b) Additional Shares. In the event that Shares previously issued under the Plan are reacquired by the
Company, such Shares shall be added to the number of Shares then available for issuance under the Plan. In the event that an outstanding Option or other right for any reason expires or is canceled, the Shares allocable to the unexercised portion of
such Option or other right shall be added to the number of Shares then available for issuance under the Plan. 
 SECTION 5. TERMS AND
CONDITIONS OF AWARDS OR SALES. 
 (a) Stock Purchase Agreement. Each award or sale of Shares
under the Plan (other than upon exercise of an Option) shall be evidenced by a Stock Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject
to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Purchase Agreement. The provisions of the various Stock Purchase Agreements entered into under the
Plan need not be identical. 
 (b) Duration of Offers and Nontransferability of Rights. Any right
to acquire Shares under the Plan (other than an Option) shall automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company. Such right shall not be transferable
and shall be exercisable only by the Purchaser to whom such right was granted. 
 (c) Purchase
Price. The Board of Directors shall determine the Purchase Price of Shares to be offered under the Plan at its sole discretion. The Purchase Price shall be payable in a form described in Section 7. 

(d) Withholding Taxes. As a condition to the purchase of Shares, the Purchaser shall make such arrangements
as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase. 

(e) Restrictions on Transfer of Shares. Any Shares awarded or sold under the Plan shall be subject to such
special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions 

 

	1	 Reflects the 1,200,000-share increase approved by the Board of Directors on March 25, 2010 and 4,000,000-share increase approved by the Board
of Directors on October 21, 2010. 

  
 2 

 
shall be set forth in the applicable Stock Purchase Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. 

SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. The Option shall be subject to all
applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of
the various Stock Option Agreements entered into under the Plan need not be identical. 
 (b) Number of
Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 8. The Stock Option Agreement shall also specify
whether the Option is an ISO or a Nonstatutory Option. 
 (c) Exercise Price. Each Stock Option
Agreement shall specify the Exercise Price. The Exercise Price of any Option shall not be less than 100% of the Fair Market Value of a Share on the date of grant, and in the case of an ISO a higher percentage may be required by Section 3(b).
Subject to the preceding sentence, the Exercise Price shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. 

(d) Exercisability. Each Stock Option Agreement shall specify the date when all or any installment of the
Option is to become exercisable. No Option shall be exercisable unless the Optionee (i) has delivered an executed copy of the Stock Option Agreement to the Company or (ii) otherwise agrees to be bound by the terms of the Stock Option
Agreement. The Board of Directors shall determine the exercisability provisions of the Stock Option Agreement at its sole discretion. All of an Optionee’s Options shall become exercisable in full if Section 8(b)(iv) applies. 

(e) Basic Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed
10 years from the date of grant, and in the case of an ISO a shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 

(f) Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other
than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the following occasions: 
 (i) The expiration date determined pursuant to Subsection (e) above; 
 (ii) The date three months after the termination of the Optionee’s Service for any reason other than Disability, or such later date as the Board of Directors may determine; or 

  
 3 

 (iii) The date six months after the termination of the
Optionee’s Service by reason of Disability, or such later date as the Board of Directors may determine. 
 The Optionee may
exercise all or part of the Optionee’s Options at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or
became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s
Service terminates. In the event that the Optionee dies after the termination of the Optionee’s Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the
executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable
before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). 

(g) Leaves of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while
the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the
Company). 
 (h) Death of Optionee. If an Optionee dies while the Optionee is in Service, then the
Optionee’s Options shall expire on the earlier of the following dates: 
 (i) The expiration
date determined pursuant to Subsection (e) above; or 
 (ii) The date 12 months after the
Optionee’s death, or such later date as the Board of Directors may determine. 
 All or part of the Optionee’s Options
may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary
designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s
death (or vested as a result of the Optionee’s death). The balance of such Options shall lapse when the Optionee dies. 
 (i) Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and
other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally.

  
 4 

 (j) Transferability of Options. An Option shall be
transferable by the Optionee only by (i) a beneficiary designation, (ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the applicable Stock Option Agreement so provides, a
Nonstatutory Option shall also be transferable by gift or domestic relations order to a Family Member of the Optionee. An ISO may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal
representative. 
 (k) Withholding Taxes. As a condition to the exercise of an Option, the
Optionee shall make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such
arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 

(l) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a
stockholder with respect to any Shares covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option. 

(m) Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of
Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options for the same or a different number of Shares
and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option.

 SECTION 7. PAYMENT FOR SHARES. 
 (a) General Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except
as otherwise provided in this Section 7. 
 (b) Services Rendered. At the discretion of the
Board of Directors, Shares may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 
 (c) Promissory Note. At the discretion of the Board of Directors, all or a portion of the Purchase Price or Exercise Price (as the case may be) of Shares issued under the Plan may be paid
with a full-recourse promissory note. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the promissory note shall not be less than
the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and
other provisions of such note. 

  
 5 

 (d) Surrender of Stock. At the discretion of the Board of
Directors, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be
valued at their Fair Market Value as of the date when the Option is exercised. 
 (e)
Exercise/Sale. To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an
irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company. 
 (f) Other Forms of Payment. To the extent that a Stock Purchase Agreement or Stock Option Agreement so provides, the Purchase Price or Exercise Price of Shares issued under the Plan may be
paid in any other form permitted by the Delaware General Corporation Law, as amended. 
 SECTION 8. ADJUSTMENT OF SHARES. 

(a) General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in
Shares, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a reclassification, or any other increase or decrease in the number of issued shares of Stock effected without receipt of consideration by the Company,
proportionate adjustments shall automatically be made in each of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option and (iii) the Exercise Price
under each outstanding Option. In the event of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a recapitalization, a spin-off, or a similar
occurrence, the Board of Directors at its sole discretion may make appropriate adjustments in one or more of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares covered by each outstanding
Option or (iii) the Exercise Price under each outstanding Option; provided, however, that the Board of Directors shall in any event make such adjustments as may be required by Section 25102(o) of the California Corporations Code.

 (b) Mergers and Consolidations. In the event that the Company is a party to a merger or
consolidation, all Shares acquired under the Plan and all Options shall be subject to the agreement of merger or consolidation. Such agreement need not treat all Options in an identical manner, and it shall provide for one or more of the following
with respect to each Option: 
 (i) The continuation of the Option by the Company (if the Company
is the surviving corporation). 
 (ii) The assumption of the Option by the surviving corporation
or its parent in a manner that complies with Section 424(a) of the Code (whether or not the Option is an ISO). 

  
 6 

 (iii) The substitution by the surviving corporation or its
parent of a new option for the Option in a manner that complies with Section 424(a) of the Code (whether or not the Option is an ISO). 
 (iv) Full exercisability of the Option and full vesting of the Shares subject to the Option, followed by the cancellation of the Option. The full exercisability of the Option and full vesting of the
Shares subject to the Option may be contingent on the closing of such merger or consolidation. The Optionee shall be able to exercise the Option during a period of not less than five full business days preceding the closing date of such merger or
consolidation, unless (A) a shorter period is required to permit a timely closing of such merger or consolidation and (B) such shorter period still offers the Optionee a reasonable opportunity to exercise the Option. Any exercise of the
Option during such period may be contingent on the closing of such merger or consolidation. 

(v) The cancellation of the Option and a payment to the Optionee equal to the excess of (A) the Fair
Market Value of the Shares subject to the Option (whether or not the Option is then exercisable or such Shares are then vested) as of the closing date of such merger or consolidation over (B) the Exercise Price of the Option. Such payment shall
be made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount. Subject to Section 409A of the Code, such payment may be made in installments and may
be deferred until the date or dates when the Option would have become exercisable or such Shares would have vested. Such payment may be subject to vesting based on the Optionee’s continuing Service, provided that the vesting schedule shall not
be less favorable to the Optionee than the schedule under which the Option would have become exercisable or such Shares would have vested. If the Exercise Price of the Shares subject to the Option exceeds the Fair Market Value of such Shares, then
the Option may be cancelled without making a payment to the Optionee. For purposes of this Paragraph (v), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security.

 (vi) The cancellation of such Options without payment of any consideration. Any exercise of
such Options prior to the closing date of such merger or consolidation may be contingent on the closing of such merger or consolidation. 
 (c) Reservation of Rights. Except as provided in this Section 8, an Optionee or Purchaser shall have no rights by reason of (i) any subdivision or consolidation of shares of stock
of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class. Any issuance by the Company of shares of stock of any class, or securities convertible into shares of
stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or 

  
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changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

SECTION 9. SECURITIES LAW REQUIREMENTS. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities
Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded.

 SECTION 10. NO RETENTION RIGHTS. 
 Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Purchaser or Optionee any right to continue in Service for any period of specific duration or interfere with or
otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Purchaser or Optionee) or of the Purchaser or Optionee, which rights are hereby expressly reserved by each, to terminate his or her
Service at any time and for any reason, with or without cause. 
 SECTION 11. DURATION AND AMENDMENTS. 

(a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by
the Board of Directors, subject to the approval of the Company’s stockholders. If the stockholders fail to approve the Plan within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that have already
occurred under the Plan shall be rescinded and no additional grants, exercises or sales shall thereafter be made under the Plan. The Plan shall terminate automatically 10 years after the later of (i) the date when the Board of Directors adopted
the Plan or (ii) the date when the Board of Directors approved the most recent increase in the number of Shares reserved under Section 4 that was also approved by the Company’s stockholders. The Plan may be terminated on any earlier
date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board
of Directors may amend, suspend or terminate the Plan at any time and for any reason; provided, however, that any amendment of the Plan shall be subject to the approval of the Company’s stockholders if it (i) increases the number of Shares
available for issuance under the Plan (except as provided in Section 8) or (ii) materially changes the class of persons who are eligible for the grant of ISOs. Stockholder approval shall not be required for any other amendment of the Plan.
If the stockholders fail to approve an increase in the number of Shares reserved under Section 4 within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that have already occurred in reliance on such
increase shall be rescinded and no additional grants, exercises or sales shall thereafter be made in reliance on such increase. 
 (c) Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise of an Option granted prior to

  
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such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted under the Plan. 

SECTION 12. DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time. 

(b) “Code” shall mean the Internal Revenue Code of 1986, as amended. 

(c) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a).

 (d) “Company” shall mean RPX Corporation, a Delaware corporation. 

(e) “Consultant” shall mean a person who performs bona fide services for the Company, a Parent or a
Subsidiary as a consultant or advisor, excluding Employees and Outside Directors. 
 (f)
“Disability” shall mean that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment. 

(g) “Employee” shall mean any individual who is a common-law employee of the Company, a Parent or a
Subsidiary. 
 (h) “Exercise Price” shall mean the amount for which one Share may be purchased
upon exercise of an Option, as specified by the Board of Directors in the applicable Stock Option Agreement. 

(i) “Fair Market Value” shall mean the fair market value of a Share, as determined by the Board of
Directors in accordance with applicable law. Such determination shall be conclusive and binding on all persons. 

(j) “Family Member” shall mean (i) any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, (ii) any person sharing the Optionee’s household
(other than a tenant or employee), (iii) a trust in which persons described in Clause (i) or (ii) have more than 50% of the beneficial interest, (iv) a foundation in which persons described in Clause (i) or (ii) or the
Optionee control the management of assets and (v) any other entity in which persons described in Clause (i) or (ii) or the Optionee own more than 50% of the voting interests. 

(k) “ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code.

 (l) “Nonstatutory Option” shall mean a stock option not described in Sections 422(b) or
423(b) of the Code. 

  
 9 

 (m) “Option” shall mean an ISO or Nonstatutory Option
granted under the Plan and entitling the holder to purchase Shares. 
 (n) “Optionee” shall
mean a person who holds an Option. 
 (o) “Outside Director” shall mean a member of the Board
of Directors who is not an Employee. 
 (p) “Parent” shall mean any corporation (other than the
Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations
in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

(q) “Plan” shall mean this RPX Corporation 2008 Stock Plan. 

(r) “Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan
(other than upon exercise of an Option), as specified by the Board of Directors. 
 (s)
“Purchaser” shall mean a person to whom the Board of Directors has offered the right to acquire Shares under the Plan (other than upon exercise of an Option). 

(t) “Service” shall mean service as an Employee, Outside Director or Consultant. 

(u) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 (if
applicable). 
 (v) “Stock” shall mean the Common Stock of the Company. 

(w) “Stock Option Agreement” shall mean the agreement between the Company and an Optionee that contains
the terms, conditions and restrictions pertaining to the Optionee’s Option. 
 (x) “Stock Purchase
Agreement” shall mean the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 

(y) “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations
in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

  
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