Document:

Document

Form for Officers
EVENTBRITE, INC.
Indemnification Agreement
This Indemnification Agreement (“Agreement”) is made as of ________________ by and between Eventbrite, Inc., a Delaware corporation (the “Company”), and ____________ (“Indemnitee”).
RECITALS
WHEREAS, the Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve the Company;
WHEREAS, in order to induce Indemnitee to [provide or continue to provide] services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to the maximum extent permitted by law;
WHEREAS, the Certificate of Incorporation (the “Charter”) and the Bylaws (the “Bylaws”) of the Company require indemnification of the officers and directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “DGCL”);
WHEREAS, the Charter, the Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification;
WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and retaining highly qualified persons such as Indemnitee is detrimental to the best interests of the Company’s stockholders;
WHEREAS, it is reasonable and prudent for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law, regardless of any amendment or revocation of the Charter or the Bylaws, so that they will [serve or continue to serve] the Company free from undue concern that they will not be so indemnified; and
WHEREAS, this Agreement is a supplement to and in furtherance of the indemnification provided in the Charter, the Bylaws and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.
NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:
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Section 1.        Services to the Company.  Indemnitee agrees to serve as [a director and] an officer of the Company.  Indemnitee may at any time and for any reason resign from [any] such position (subject to any other contractual obligation or any obligation imposed by law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in such position.  This Agreement shall not be deemed an employment contract between the Company (or any other Enterprise) and Indemnitee.
Section 2.        Definitions.
As used in this Agreement:
(a)            “Change in Control” shall mean (i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity; (ii) a merger, reorganization or consolidation pursuant to which the holders of the Company’s outstanding voting power and outstanding stock immediately prior to such transaction do not own a majority of the outstanding voting power and outstanding stock or other equity interests of the resulting or successor entity (or its ultimate parent, if applicable) immediately upon completion of such transaction; (iii) the sale of all of the stock of the Company to an unrelated person, entity or group thereof acting in concert; or (iv) any other transaction in which the owners of the Company’s outstanding voting power immediately prior to such transaction do not own at least a majority of the outstanding voting power of the Company or any successor entity immediately upon completion of the transaction other than as a result of the acquisition of securities directly from the Company.
(b)       “Corporate Status” describes the status of a person as a current or former [director or] officer of the Company or current or former director, manager, partner, officer, employee, agent or trustee of any other Enterprise which such person is or was serving at the request of the Company.
(c)        “Enforcement Expenses” shall include all reasonable attorneys’ fees, court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with an action to enforce indemnification or advancement rights, or an appeal from such action.  Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee.
(d)       “Enterprise” shall mean any corporation (other than the Company), partnership, joint venture, trust, employee benefit plan, limited liability company, or other legal entity of which Indemnitee is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee, including without limitation, any subsidiary of the Company.
(e)        “Expenses” shall include all reasonable attorneys’ fees, court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding or an appeal resulting from a 
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Proceeding.  Expenses, however, shall not include amounts paid in settlement by Indemnitee, the amount of judgments or fines against Indemnitee or fees, salaries, wages or benefits owed to Indemnitee.
(f)        “Independent Counsel” means a law firm, or a partner (or, if applicable, member or shareholder) of such a law firm, that is experienced in matters of Delaware corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company, any subsidiary of the Company, any Enterprise or Indemnitee in any matter material to any such party; or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.  Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.  The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.
(g)       The term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative, regulatory or investigative nature, and whether formal or informal, in which Indemnitee was, is or will be involved as a party or otherwise by reason of the fact that Indemnitee is or was [a director or] an officer of the Company or is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise or by reason of any action taken by Indemnitee or of any action taken on his or her part while acting as [a director or] an officer of the Company or while serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any Enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement or advancement of expenses can be provided under this Agreement; provided, however, that the term “Proceeding” shall not include any action, suit or arbitration, or part thereof, initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement as provided for in Section 12(a) of this Agreement.
Section 3.        Indemnity in Third-Party Proceedings.  The Company shall indemnify Indemnitee to the extent set forth in this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its favor.  Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, fines, penalties, excise taxes, and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful. 
Section 4.        Indemnity in Proceedings by or in the Right of the Company.  The Company shall indemnify Indemnitee to the extent set forth in this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor.  Pursuant to this Section 4, Indemnitee shall be indemnified against all Expenses 
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actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company.  No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery (the “Delaware Court”) shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses as the Delaware Court shall deem proper.
Section 5.        Indemnification for Expenses of a Party Who is Wholly or Partly Successful.  Notwithstanding any other provisions of this Agreement and except as provided in Section 7, to the extent that Indemnitee is a party to or a participant in any Proceeding and is successful in such Proceeding or in defense of any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or her in connection therewith.  If Indemnitee is not wholly successful in such Proceeding but is successful as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on his or her behalf in connection with each successfully resolved claim, issue or matter.  For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.
Section 6.        Reimbursement for Expenses of a Witness or in Response to a Subpoena.  Notwithstanding any other provision of this Agreement, to the extent that Indemnitee, by reason of his or her Corporate Status, (a) is a witness in any Proceeding to which Indemnitee is not a party and is not threatened to be made a party or (b) receives a subpoena with respect to any Proceeding to which Indemnitee is not a party and is not threatened to be made a party, the Company shall reimburse Indemnitee for all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection therewith.   
Section 7.        Exclusions.  Notwithstanding any provision in this Agreement to the contrary, the Company shall not be obligated under this Agreement: 
(a)            to indemnify for amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received such amounts under any insurance policy, contract, agreement or otherwise;
(b)           to indemnify for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law;
(c)            to indemnify for any reimbursement of, or payment to, the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company pursuant to Section 304 of SOX or any formal policy of the Company adopted by the Board (or a committee thereof), or any other remuneration paid to Indemnitee if 
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it shall be determined by a final judgment or other final adjudication that such remuneration was in violation of law;
(d)           to indemnify with respect to any Proceeding, or part thereof, brought by Indemnitee against the Company, any legal entity which it controls, any director or officer thereof or any third party, unless (i) the Board has consented to the initiation of such Proceeding or part thereof and (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; provided, however, that this Section 7(d) shall not apply to (A) counterclaims or affirmative defenses asserted by Indemnitee in an action brought against Indemnitee or (B) any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company in the suit for which indemnification or advancement is being sought as described in Section 12; or
(e)            to provide any indemnification or advancement of expenses that is prohibited by applicable law (as such law exists at the time payment would otherwise be required pursuant to this Agreement).
Section 8.        Advancement of Expenses.  Subject to Section 9(b), the Company shall advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made within thirty (30) days after the receipt by the Company of a statement or statements requesting such advances (including any invoices received by Indemnitee, which such invoices may be redacted as necessary to avoid the waiver of any privilege accorded by applicable law) from time to time, whether prior to or after final disposition of any Proceeding.  Advances shall be unsecured and interest free.  Advances shall be made without regard to Indemnitee’s ability to repay the expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement.  Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement which shall constitute an undertaking providing that Indemnitee undertakes to the fullest extent required by law to repay the advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company.  The right to advances under this paragraph shall in all events continue until final disposition of any Proceeding, including any appeal therein.  Nothing in this Section 8 shall limit Indemnitee’s right to advancement pursuant to Section 12(e) of this Agreement.
Section 9.       Procedure for Notification and Defense of Claim.
(a)        To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request therefor specifying the basis for the claim, the amounts for which Indemnitee is seeking payment under this Agreement, and all documentation related thereto as reasonably requested by the Company. 
(b)       In the event that the Company shall be obligated hereunder to provide indemnification for or make any advancement of Expenses with respect to any Proceeding, the Company shall be entitled to assume the defense of such Proceeding, or any claim, issue or matter therein, with counsel approved by Indemnitee (which approval shall not be unreasonably withheld or delayed) upon the delivery to 
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Indemnitee of written notice of the Company’s election to do so.  After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently employed by or on behalf of Indemnitee with respect to the same Proceeding; provided that (i) Indemnitee shall have the right to employ separate counsel in any such Proceeding at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of such defense, or (C) the Company shall not continue to retain such counsel to defend such Proceeding, then the fees and expenses actually and reasonably incurred by Indemnitee with respect to his or her separate counsel shall be Expenses hereunder. 
(c)        In the event that the Company does not assume the defense in a Proceeding pursuant to paragraph (b) above, then the Company will be entitled to participate in the Proceeding at its own expense.
(d)       The Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without its prior written consent (which consent shall not be unreasonably withheld or delayed).  The Company shall not, without the prior written consent of Indemnitee (which consent shall not be unreasonably withheld or delayed), enter into any settlement which (i) includes an admission of fault of Indemnitee, any non-monetary remedy imposed on Indemnitee or any monetary damages for which Indemnitee is not wholly and actually indemnified hereunder or (ii) with respect to any Proceeding with respect to which Indemnitee may be or is made a party or may be otherwise entitled to seek indemnification hereunder, does not include the full release of Indemnitee from all liability in respect of such Proceeding.
Section 10.      Procedure Upon Application for Indemnification.
(a)        Upon written request by Indemnitee for indemnification pursuant to Section 9(a), a determination, if such determination is required by applicable law, with respect to Indemnitee’s entitlement to indemnification hereunder shall be made in the specific case by one of the following methods: (i) if a Change in Control shall have occurred and indemnification is being requested by Indemnitee hereunder in his or her capacity as a director of the Company, by Independent Counsel in a written opinion to the Board; or (ii) in any other case, (A) by a majority vote of the disinterested directors, even though less than a quorum; (B) by a committee of disinterested directors designated by a majority vote of the disinterested directors, even though less than a quorum; or (C) if there are no disinterested directors or if the disinterested directors so direct, by Independent Counsel in a written opinion to the Board.  For purposes hereof, disinterested directors are those members of the Board who are not parties to the action, suit or proceeding in respect of which indemnification is sought.  In the case that such determination is made by Independent Counsel, a copy of Independent Counsel’s written opinion shall be delivered to Indemnitee and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within thirty (30) days after such determination.  Indemnitee shall cooperate with the Independent Counsel or the Company, as applicable, in making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such counsel or the Company, upon reasonable advance request, any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to 
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such determination.  Any out-of-pocket costs or expenses (including reasonable attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating with the Independent Counsel or the Company shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.
(b)       If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(a), the Independent Counsel shall be selected by the Board; provided that, if a Change in Control shall have occurred and indemnification is being requested by Indemnitee hereunder in his or her capacity as a director of the Company, the Independent Counsel shall be selected by Indemnitee.  Indemnitee or the Company, as the case may be, may, within ten (10) days after written notice of such selection, deliver to the Company or Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion.  Absent a proper and timely objection, the person so selected shall act as Independent Counsel.  If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the Delaware Court has determined that such objection is without merit.  If, within twenty (20) days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 9(a) and (ii) the final disposition of the Proceeding, including any appeal therein, no Independent Counsel shall have been selected without objection, either Indemnitee or the Company may petition the Delaware Court for resolution of any objection which shall have been made by Indemnitee or the Company to the selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate.   The person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 10(a) hereof.  Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).
Section 11.     Presumptions and Effect of Certain Proceedings.
(a)        To the extent permitted by applicable law, in making a determination with respect to entitlement to indemnification hereunder, it shall be presumed that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption.   
(b)       The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of guilty, nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company 
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or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct was unlawful.
(c)        The knowledge and/or actions, or failure to act, of any director, manager, partner, officer, employee, agent or trustee of the Company, any subsidiary of the Company, or any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.
Section 12.      Remedies of Indemnitee.
(a)        Subject to Section 12(f), in the event that (i) a determination is made pursuant to Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement; (ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement; (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10(a) of this Agreement within sixty (60) days after receipt by the Company of the request for indemnification for which a determination is to be made other than by Independent Counsel; (iv) payment of indemnification or reimbursement of expenses is not made pursuant to Section 5 or 6 or the last sentence of Section 10(a) of this Agreement within thirty (30) days after receipt by the Company of a written request therefor (including any invoices received by Indemnitee, which such invoices may be redacted as necessary to avoid the waiver of any privilege accorded by applicable law); or (v) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within thirty (30) days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by the Delaware Court of his or her entitlement to such indemnification or advancement.  Alternatively, Indemnitee, at his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association.  Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing time limitation shall not apply in respect of a proceeding brought by Indemnitee to enforce his or her rights under Section 5 of this Agreement.  The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.
(b)       In the event that a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination.  In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the case may be.
(c)        If a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification under applicable law.
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(d)       The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. 
(e)        The Company shall indemnify Indemnitee to the fullest extent permitted by law against any and all Enforcement Expenses and, if requested by Indemnitee, shall (within thirty (30) days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Enforcement Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company in the suit for which indemnification or advancement is being sought.  Such written request for advancement shall include invoices received by Indemnitee in connection with such Enforcement Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law need not be included with the invoice.
(f)        Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding, including any appeal therein.
Section 13.     Non-exclusivity; Survival of Rights; Insurance; Subrogation.
(a)        The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise.  No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal.  To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Charter, Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.  No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.
(b)       To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, managers, partners, officers, employees, agents or trustees of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, manager, partner, officer, employee, agent or trustee under such policy or policies.  If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in 
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effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective policies.
(c)        In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.
(d)       The Company’s obligation to provide indemnification or advancement hereunder to Indemnitee who is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement from such other Enterprise.
Section 14.       Duration of Agreement.  This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as [both a director and] an officer of the Company and any other Enterprise for which Indemnitee is or was serving at the request of the Company as a director, manager, partner, officer, employee, agent or trustee or (b) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto.  This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his or her heirs, executors and administrators.  The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.
Section 15.      Severability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.
Section 16.      Enforcement.
(a)        The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to [serve or continue to serve] as [a director and] an officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as [a director and] an officer of the Company.
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(b)       This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Charter, the Bylaws and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.
Section 17.      Modification and Waiver.  No supplement, modification or amendment, or waiver of any provision, of this Agreement shall be binding unless executed in writing by the parties thereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.  No supplement, modification or amendment of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee prior to such supplement, modification or amendment.
Section 18.      Notice by Indemnitee.  Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification, reimbursement or advancement as provided hereunder.  The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise.
Section 19.      Notices.  All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed; (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed; (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed; or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received:
(i)        If to Indemnitee, at such address as Indemnitee shall provide to the Company.
(ii)       If to the Company to:
 
Eventbrite, Inc.
155 5th Street, 7th Floor
San Francisco, CA 94103
Attention:  General Counsel
or to any other address as may have been furnished to Indemnitee by the Company.
Section 20.      Contribution.  To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, 
11

whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding in such proportion as is deemed fair and reasonable in light of all of the circumstances in order to reflect (i) the relative benefits received by the Company and Indemnitee in connection with the event(s) and/or transaction(s) giving rise to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transactions.
Section 21.      Internal Revenue Code Section 409A.  The Company intends for this Agreement to comply with the Indemnification exception under Section 1.409A-1(b)(10) of the regulations promulgated under the Internal Revenue Code of 1986, as amended (the “Code”), which provides that indemnification of, or the purchase of an insurance policy providing for payments of, all or part of the expenses incurred or damages paid or payable by Indemnitee with respect to a bona fide claim against Indemnitee or the Company do not provide for a deferral of compensation, subject to Section 409A of the Code, where such claim is based on actions or failures to act by Indemnitee in his or her capacity as a service provider of the Company.  The parties intend that this Agreement be interpreted and construed with such intent.
Section 22.      Applicable Law and Consent to Jurisdiction.  This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules.  Except with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country; (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement; (iii) consent to service of process at the address set forth in Section 19 of this Agreement with the same legal force and validity as if served upon such party personally within the State of Delaware; (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court; and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum.
Section 23.      Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.
Section 24.      Identical Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.  Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.
[Remainder of Page Intentionally Left Blank]
12

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above written.
 
                                                                        EVENTBRITE, INC.
                                                                          
 
 
 
By:    ___________________________________   Name:                                                                                                                          Title:
 
 
 
___________________________________ [Name of Indemnitee]
                                                                        
 
 
 
 
 

13EX-4.4

 Exhibit 4.4 

AMENDMENT TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

This Amendment to Amended and Restated Investors’ Rights Agreement (this “Amendment”) is made and entered into as of
November 17, 2020, and amends that certain Amended and Restated Investors’ Rights Agreement, dated as of April 17, 2020, by and among Airbnb, Inc., a Delaware corporation (the “Company”), each of the investors
listed on Schedule A thereto and each of the stockholders listed on Schedule B thereto (the “Rights Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Rights
Agreement. 
 RECITALS 

A.    The Company has confidentially submitted a draft registration statement on Form
S-1 (originally submitted to the SEC on August 19, 2020) under the Securities Act for purposes of an IPO of shares of Class A Common Stock by the Company (any IPO effected pursuant to such
registration statement, as the same will be amended from time to time, the “2020 IPO”). 
 B.    In
order to facilitate the 2020 IPO, the parties hereto desire to amend Section 2.11 of the Rights Agreement, subject to the terms and conditions set forth herein. 

C.    Pursuant to Section 6.5 of the Rights Agreement, all notices, requests, and other communications given or made
pursuant to the Rights Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or: (i) personal delivery to the party to be notified; (ii) when sent, if sent by facsimile during the
recipient’s normal business hours, and if not sent during normal business hours, then on the recipient’s next business day; (iii) when sent, if sent by electronic mail during the recipient’s normal business hours, and if not sent
during normal business hours, then on the recipient’s next business day; (iv) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (v) one (1) business day after the
business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt. 

D.    Pursuant to Section 6.6 of the Rights Agreement, subject to certain provisions, the terms of or the rights or
obligations provided under the Rights Agreement may be amended or waived (either generally or in a particular instance, and either retroactively or prospectively) by the written consent of the Company and the holders of a majority of the Registrable
Securities then outstanding. 

 AGREEMENT 

NOW THEREFORE, in consideration of the promises and mutual covenants and obligations hereinafter set forth, the Company and the holders of
Registrable Securities party hereto, constituting the holders of a majority of the Registrable Securities currently outstanding, hereby agree as follows: 

1.    Amendment. 

Section 2.11 of the Rights Agreement is hereby amended and restated in its entirety as follows: 

“2.11    “Market Stand-off” Agreement. 

(a)    With respect to any IPO of shares of Class A Common Stock by the Company effected pursuant to the
Company’s registration statement on Form S-1, originally submitted confidentially to the SEC in draft form on August 19, 2020, as such registration statement will be amended from time to time (the
“2020 IPO”), each Holder hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on November 17, 2020 and ending on the date specified
by the Company and the managing underwriter (the “2020 Lock-Up Period”) (such period not to exceed one hundred eighty (180) days after the date of the final prospectus relating to the
2020 IPO (the “Prospectus”)), (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right, or warrant to purchase or otherwise transfer
or dispose of, directly or indirectly, any shares of Common Stock, or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock, held immediately before the effective date of the registration statement
for such offering (collectively, “2020 Lock-Up Securities”) or (ii) enter into any swap, hedging transaction or other arrangement that transfers to another, in whole or in part, any of
the economic consequences of ownership of such 2020 Lock-Up Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other securities,
in cash, or otherwise, subject in each case to any customary exceptions applicable to all Holders agreed to by the underwriters (the terms of which exceptions shall be provided by the Company to the Holders in writing and once so provided shall be
binding). The foregoing provisions of this Section 2.11(a) shall apply only to the 2020 IPO and shall not apply to the sale of any shares to an underwriter pursuant to the underwriting agreement in connection with the 2020 IPO (the
“Underwriting Agreement”), and shall be applicable to the Holders with respect to the 2020 IPO only if all officers, directors, and stockholders individually owning more than one percent (1%) of the Company’s outstanding Common
Stock (after giving effect to conversion into Common Stock of all outstanding Preferred Stock) are similarly bound, subject to any customary exceptions agreed to by the underwriters. The underwriters in connection with such registration are intended
third-party beneficiaries of this Section 2.11(a) and shall have the right, power, and authority to enforce the provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably
requested by the underwriters in connection with such registration that are consistent with this Section 2.11(a) or that are necessary to give further effect thereto; for the avoidance of doubt, the failure of the underwriters to request that
any Holder execute any such agreements shall not be deemed to be a waiver of or limit any rights of the underwriters under this Section 2.11(a). If any Holder is granted an early release or discretionary waiver from the restrictions set forth
in this Section 2.11(a) with respect to the 2020 IPO by the Company or from restrictions in any agreement with the managing underwriter with respect to any 2020 Lock-Up Securities held by such Holder and
its Affiliates having a fair 

  
 2 

 
market value in excess of $1,000,000 in the aggregate (whether in one or multiple releases or waivers), then all other Holders shall also be granted an early release or discretionary waiver on
the same terms and conditions from their respective obligations under this Section 2.11(a) or under any agreement with the managing underwriter with respect to the same percentage of the total number of 2020
Lock-Up Securities held by such Holders as the percentage of the total number of 2020 Lock-Up Securities that are the subject of such release. Any sales by Holders
following the First Post-Offering Earnings Release (as defined below) pursuant to clause (1) below shall not constitute an early release or discretionary waiver from the restrictions set forth in this Section 2.11(a). 

Notwithstanding the foregoing, 

(1)    if a Holder (excluding any director or “officer” of the Company (as defined in Rule 16a-1(f) under the Exchange Act) or any Founder and their affiliated entities) sells shares of Common Stock to the underwriters pursuant to the Underwriting Agreement, subject to compliance with applicable
securities laws including without limitation Rule 144 promulgated under the Securities Act, such Holder may sell in the public market beginning at the commencement of the second Trading Day (as defined below) after the Company publicly announces its
earnings for the first completed quarterly period (the “First Post-Offering Earnings Release”) following the most recent period for which financial statements are included in the Prospectus, a number of shares of Common Stock not in
excess of 25% of the Common Stock and any other securities so owned by the Holder that are convertible into or exercisable or exchangeable (directly or indirectly) for, or that represent the right to receive, shares of Common Stock (including,
without limitation, securities which may be issued upon exercise of stock options, restricted stock units or warrants) (collectively, “Other Securities”) owned by the Holder immediately prior to the opening of trading on the first
Trading Day on which the Common Stock is traded on the exchange on which the Common Stock is listed (excluding (x) any shares of Common Stock or Other Securities subject to escrow, holdback or similar provisions under agreements related to
mergers or acquisitions by the Company, (y) unvested shares of Common Stock or Other Securities issued by the Company in connection with mergers or acquisitions by the Company and (z) any unvested warrants, convertible securities, stock
options, restricted stock units or other equity awards issued by the Company), before giving effect to any sales of Common Stock by the Holder to the underwriters pursuant to the Underwriting Agreement; provided that the last reported
closing price of the Common Stock on the exchange on which the Common Stock is listed is at least 33% greater than the initial public offering price per share set forth on the cover page of the Prospectus (A) for any 10 Trading Days out of the 15-consecutive full Trading Day period ending on the closing of the first full Trading Day immediately following the First Post-Public Offering Earnings Release and (B) at the closing of the first full Trading
Day immediately following the First Post-Public Offering Earnings Release. Notwithstanding the foregoing, in no event shall a Holder be permitted to sell in the public market pursuant to this clause (1) until at least 60 days after the date of
the Prospectus; and 

  
 3 

 
(2)    in addition, and notwithstanding anything to the contrary herein, the 2020 Lock-Up Period shall terminate commencing on the
later of (i) the opening of trading on the second Trading Day immediately following the Company’s release of earnings for the second quarter following the most recent period for which financial statements are included in the Prospectus and
(ii) the 121st day after the date of the Prospectus. 
 For purposes of this Section 2.11(a), a “Trading Day” is a
day on which the New York Stock Exchange and the Nasdaq Stock Market are open for the buying and selling of securities. The restrictions set forth this Section 2.11(a) shall terminate effective as of February 28, 2021 if the 2020 IPO has
not been completed by such date (provided that the Company may by written notice to the Holders prior to February 28, 2021 extend such date for a period of up to an additional three months). 

(b)    With respect to any IPO other than the 2020 IPO, each Holder hereby agrees that it will not, without the prior
written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to such other IPO and ending on the date specified by the Company (the “Lock-Up
Period”) (such period not to exceed one hundred eighty (180) days), (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right, or warrant
to purchase or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock, or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock, held immediately before the effective
date of the registration statement for such offering (collectively, “Lock-Up Securities”) or (ii) enter into any swap, hedging transaction or other arrangement that transfers to another,
in whole or in part, any of the economic consequences of ownership of such Lock-Up Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common
Stock or other securities, in cash, or otherwise, subject in each case to any customary exceptions applicable to all Holders agreed to by the underwriters (the terms of which exceptions shall be provided by the Company to the Holders in writing and
once so provided shall be binding). The foregoing provisions of this Section 2.11(b) shall apply only to the IPO and shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall be applicable to
the Holders with respect to any IPO other than the 2020 IPO only if all officers, directors, and stockholders individually owning more than one percent (1%) of the Company’s outstanding Common Stock (after giving effect to conversion into
Common Stock of all outstanding Preferred Stock) are similarly bound, subject to any customary exceptions agreed to by the underwriters. The underwriters in connection with such registration are intended third-party beneficiaries of this
Section 2.11(b) and shall have the right, power, and authority to enforce the provisions hereof 

  
 4 

 
as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are
consistent with this Section 2.11(b) or that are necessary to give further effect thereto; for the avoidance of doubt, the failure of the underwriters to request that any Holder execute any such agreements shall not be deemed to be a waiver of
or limit any rights of the underwriters under this Section 2.11(b). If any Holder is granted an early release or discretionary waiver from the restrictions set forth in this Section 2.11(b) with respect to any IPO other than the 2020 IPO
by the Company or from restrictions in any agreement with the managing underwriter with respect to any Lock-Up Securities held by such Holder and its Affiliates having a fair market value in excess of
$1,000,000 in the aggregate (whether in one or multiple releases or waivers), then all other Holders shall also be granted an early release or discretionary waiver on the same terms and conditions from their respective obligations under this
Section 2.11(b) or under any agreement with the managing underwriter with respect to the same percentage of the total number of Lock-Up Securities held by such Holders as the percentage of the total
number of Lock-Up Securities that are the subject of such release.” 

2.    Reference to and Effect on the Rights Agreement. On or after the date hereof, each reference in the Rights
Agreement to “this Agreement,” “hereunder,” “herein” or words of like import shall mean and be a reference to the Rights Agreement as amended hereby. 

3.    No Other Amendments. Except as set forth herein, the Rights Agreement shall remain in full force and effect
in accordance with its terms. 
 4.    Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 

5.    Counterparts. This Amendment may be executed by electronic means or facsimile and delivered in counterparts,
each of which shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument. 
 [Signature
Pages Follow] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	COMPANY:
	
	AIRBNB, INC.
		
	By:	 	 /s/ David Stephenson

	Name:	 	David E. Stephenson
	Title:	 	Chief Financial Officer

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	 ANDREESSEN HOROWITZ FUND II, L.P.

as nominee for

	Andreessen Horowitz Fund II, L.P.
	Andreessen Horowitz Fund II-A, L.P. and
	Andreessen Horowitz Fund II-B, L.P.
		
	By:	 	AH Equity Partners II, L.L.C.
		 	Its general partner
		
	By:	 	 /s/ Scott Kupor

	Name:	 	Scott Kupor
	Title:	 	Chief Operating Officer
	
	AH ANNEX FUND, L.P.
	By:	 	AH Equity Partners II, L.L.C.
		 	Its general partner
		
	By:	 	 /s/ Scott Kupor

	Name:	 	Scott Kupor
	Title:	 	Chief Operating Officer
	
	AH PARALLEL FUND, L.P.
	By:	 	AH Equity Partners II, L.L.C.
		 	Its general partner
		
	By:	 	 /s/ Scott Kupor

	Name:	 	Scott Kupor
	Title:	 	Chief Operating Officer

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	GREYLOCK XIII LIMITED PARTNERSHIP
	By:	 	Greylock XIII GP LLC, its General Partner
		
	By:	 	 /s/ Donald A. Sullivan

	Name:	 	Donald A. Sullivan
	Title:	 	Senior Managing Member
	
	GREYLOCK XIII-A LIMITED PARTNERSHIP
	By:	 	Greylock XIII GP LLC, its General Partner
		
	By:	 	 /s/ Donald A. Sullivan

	Name:	 	Donald A. Sullivan
	Title:	 	Senior Managing Member
	
	GREYLOCK XIII PRINCIPALS LLC
	By:	 	Greylock Management Corporation, Sole Member
		
	By:	 	 /s/ Donald A. Sullivan

	Name:	 	Donald A. Sullivan
	Title:	 	Partner and CFO

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

					
	HOLDERS:	  	
		
	SEQUOIA CAPITAL XII	  	
	SEQUOIA TECHNOLOGY PARTNERS XII	  	
	SEQUOIA CAPITAL XII PRINCIPALS FUND	  	
	By:	  	SC XII Management, LLC	  	
		  	A Delaware Limited Liability Company	  	
		  	General Partner of Each	  	
			
	By:	  	 /s/ Alfred Lin
	  	
	Name:	  	Alfred Lin	  	
	Title:	  	Authorized Signatory	  	
		
	SC US GF V HOLDINGS, LTD.	  	
	a Cayman Islands exempted company	  	
	By:	  	SEQUOIA CAPITAL U.S. GROWTH FUND V, L.P.
		  	SEQUOIA CAPITAL USGF PRINCIPALS FUND V, L.P.
		  	both Cayman Islands exempted limited partnerships, its Members	  	
			
	By:	  	SCGF V MANAGEMENT, L.P.,	  	
		  	a Cayman Islands exempted limited partnership, its General Partner	  	
			
	By:	  	SC US (TTGP), LTD.	  	
		  	a Cayman Islands exempted company, its General Partner	  	
			
	By:	  	 /s/ Alfred Lin
	  	
	Name:	  	Alfred Lin	  	
	Title:	  	Authorized Signatory	  	

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	SEQUOIA CAPITAL GLOBAL GROWTH FUND, LP
	SEQUOIA CAPITAL GLOBAL GROWTH PRINCIPALS FUND, LP
	By:	 	SCGGF Management, LP
		 	a Cayman Island exempted limited partnership
		
	By:	 	SC US (TTGP), LTD.
		 	a Cayman Islands exempted company, its General Partner
		
	By:	 	 /s/ Alfred Lin

	Name:	 	Alfred Lin
	Title:	 	Authorized Signatory

			
	
	SEQUOIA CAPITAL CHINA GF HOLDCO III-A, LTD.

			
		
	By:	 	 /s/ Eva Ip Siu Wai

	Name:	 	Eva Ip Siu Wai
	Title:	 	Authorized Signatory
	
	SCGE FUND, L.P.
	By:	 	SCGE (LTGP), L.P.
		 	a Cayman Island exempted limited partnership
		 	its General Partner
		
	By:	 	 /s/ Kimberly Summe

	Name:	 	Kimberly Summe
	Title:	 	Chief Operating Officer and GC

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	SEQUOIA CAPITAL GLOBAL GROWTH FUND II, L.P.
	a Cayman Islands exempted limited partnership
		
	By:	 	SC GLOBAL GROWTH III MANAGEMENT, L.P.
		 	a Cayman Islands exempted limited partnership
		 	General Partner
		
	By:	 	SC US (TTGP), LTD.
		 	a Cayman Islands exempted company, its General Partner
		
	By:	 	 /s/ Alfred Lin

	Name:	 	Alfred Lin
	Title:	 	Authorized Signatory
	
	SEQUOIA CAPITAL GLOBAL GROWTH II PRINCIPALS FUND, L.P.
	a Cayman Islands exempted limited partnership
		
	By:	 	SC GLOBAL GROWTH III MANAGEMENT, L.P.
		 	a Cayman Islands exempted limited partnership
		 	General Partner
		
	By:	 	SC US (TTGP), LTD.
		 	a Cayman Islands exempted company, its General Partner
		
	By:	 	 /s/ Alfred Lin

	Name:	 	Alfred Lin
	Title:	 	Authorized Signatory

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	SEQUOIA CAPITAL U.S. GROWTH FUND VII, L.P.
	a Cayman Islands exempted limited partnership
		
	By:	 	SC U.S. GROWTH VII MANAGEMENT, L.P.
		 	a Cayman Islands exempted limited partnership
		 	General Partner
		
	By:	 	SC US (TTGP), LTD.
		 	a Cayman Islands exempted company, its General Partner
		
	By:	 	 /s/ Alfred Lin

	Name:	 	Alfred Lin
	Title:	 	Authorized Signatory
	
	SEQUOIA CAPITAL U.S. GROWTH VII PRINCIPALS FUND, L.P.
	a Cayman Islands exempted limited partnership
		
	By:	 	SC U.S. GROWTH VII MANAGEMENT, L.P.
		 	a Cayman Island exempted limited partnership
		 	General Partner
		
	By:	 	SC US (TTGP), LTD.
		 	a Cayman Islands exempted company, its General Partner
		
	By:	 	 /s/ Alfred Lin

	Name:	 	Alfred Lin
	Title:	 	Authorized Signatory

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	SCHF CIF, LP/CIF 2015-A SERIES
	SCHF (M) PV, LP
		
	By:	 	SCHF (GPE), LLC
		 	Its General Partner
		
	By:	 	 /s/ Keith Johnson

	Name:	 	Keith Johnson
	Title:	 	Managing Member

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	THE FOUNDERS FUND II, LP
	By:	 	The Founders Fund II Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	
	
	THE FOUNDERS FUND II PRINCIPALS FUND, LP
	By:	 	The Founders Fund II Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	

			
	
	THE FOUNDERS FUND II ENTREPRENEURS FUND, LP

			
	By:	 	The Founders Fund II Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	THE FOUNDERS FUND III, LP
	By:	 	The Founders Fund III Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	
	
	THE FOUNDERS FUND III PRINCIPALS FUND, LP
	By:	 	The Founders Fund III Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	

			
	
	THE FOUNDERS FUND III ENTREPRENEURS FUND, LP

			
	By:	 	The Founders Fund III Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first set
forth above. 
  

			
	HOLDERS:
	
	THE FOUNDERS FUND IV, LP
	By:	 	The Founders Fund IV Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	
	
	THE FOUNDERS FUND IV PRINCIPALS FUND, LP
	By:	 	The Founders Fund IV Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Patti Theil

	Name:	 	Patti Theil
	Title:	 	

  
 [Signature Page to
Amendment to Amended and Restated Investors’ Rights Agreement of Airbnb, Inc.]

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