Document:

EX-4.2

 Exhibit 4.2 

CASTLIGHT HEALTH, INC. 

AMENDED AND RESTATED 

INVESTORS’ RIGHTS AGREEMENT 

APRIL 26, 2012 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	 1.
	 	 REGISTRATION RIGHTS
	  	 	1	  
				
		 	 1.1
	  	 Definitions
	  	 	1	  
		 	 1.2
	  	 Request for Registration
	  	 	3	  
		 	 1.3
	  	 Company Registration
	  	 	5	  
		 	 1.4
	  	 Obligations of the Company
	  	 	5	  
		 	 1.5
	  	 Furnish Information
	  	 	7	  
		 	 1.6
	  	 Expenses of Demand Registration
	  	 	7	  
		 	 1.7
	  	 Expenses of Company Registration
	  	 	8	  
		 	 1.8
	  	 Underwriting Requirements
	  	 	8	  
		 	 1.9
	  	 Delay of Registration
	  	 	9	  
		 	 1.10
	  	 Indemnification
	  	 	9	  
		 	 1.11
	  	 Reports Under the 1934 Act
	  	 	11	  
		 	 1.12
	  	 Form S-3 Registration
	  	 	12	  
		 	 1.13
	  	 Assignment of Registration Rights
	  	 	13	  
		 	 1.14
	  	 Limitations on Subsequent Registration Rights
	  	 	14	  
		 	 1.15
	  	 “Market Stand-Off” Agreement
	  	 	14	  
		 	 1.16
	  	 Termination of Registration Rights
	  	 	15	  
			
	 2.
	 	 COVENANTS OF THE COMPANY
	  	 	15	  
				
		 	 2.1
	  	 Delivery of Financial Statements
	  	 	15	  
		 	 2.2
	  	 Inspection and Audit Rights
	  	 	16	  
		 	 2.3
	  	 Right of First Offer
	  	 	16	  
		 	 2.4
	  	 Reimbursement of Director Expenses
	  	 	19	  
		 	 2.5
	  	 Director and Officer Insurance
	  	 	19	  
		 	 2.6
	  	 Proprietary Information and Inventions Agreements
	  	 	19	  
		 	 2.7
	  	 Stock Issuances
	  	 	19	  
		 	 2.8
	  	 Severance
	  	 	20	  
		 	 2.9
	  	 Certificated Shares
	  	 	20	  
		 	 2.10
	  	 Termination of Covenants
	  	 	20	  
			
	 3.
	 	 MISCELLANEOUS
	  	 	20	  
				
		 	 3.1
	  	 Confidentiality, Publicity, and Certain Acknowledgements
	  	 	20	  
		 	 3.2
	  	 Successors and Assigns
	  	 	24	  
		 	 3.3
	  	 Governing Law
	  	 	24	  
		 	 3.4
	  	 Counterparts
	  	 	24	  
		 	 3.5
	  	 Titles and Subtitles
	  	 	25	  
		 	 3.6
	  	 Notices
	  	 	25	  
		 	 3.7
	  	 Amendments and Waivers
	  	 	25	  
		 	 3.8
	  	 Severability
	  	 	26	  
		 	 3.9
	  	 Delays or Omissions; Remedies Cumulative
	  	 	26	  
		 	 3.10
	  	 Aggregation of Stock
	  	 	26	  
		 	 3.11
	  	 Entire Agreement
	  	 	26	  
		 	 3.12
	  	 The Wellcome Trust
	  	 	26	  
		 	 3.13
	  	 Massachusetts Business Trust
	  	 	26	  

 CASTLIGHT HEALTH, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is made as of the 26th day of April,
2012, by and among Castlight Health, Inc., a Delaware corporation (the “Company”), and the investors listed on Exhibit A hereto (the “Investors”). 

RECITALS 
 WHEREAS, the
Company and certain of the Investors are parties to that certain Series D Preferred Stock Purchase Agreement dated as of April 26, 2012 (the “Purchase Agreement”); 

WHEREAS, in order to induce the Company to enter into the Purchase Agreement and to induce certain of the Investors to purchase shares of
Series D Preferred Stock of the Company (the “Series D Preferred Stock”) pursuant to the Purchase Agreement, the Investors and the Company hereby agree that this Agreement shall govern the rights of the Investors to cause the
Company to register certain shares of Common Stock issuable to the Investors and certain other matters as set forth herein; and 
 WHEREAS,
the Company and certain of the Investors are parties to that certain Amended and Restated Investors’ Rights Agreement dated as of June 7, 2010 (the “Prior Agreement”), and the undersigned satisfy the requirements
set forth in Section 3.7 of the Prior Agreement for amendments thereto and desire to amend and restate the Prior Agreement in its entirety as set forth in this Agreement; 

NOW, THEREFORE, for good and valuable consideration, the sufficiency of which the parties hereby acknowledge, the parties hereby agree as
follows: 
 1. Registration Rights. The Company covenants and agrees as follows: 

1.1 Definitions. As used in this Agreement, the following terms shall have the meanings set forth below. 

(a) The term “1934 Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 (b) The term “Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 
 (c) The term “Common Stock” means the Company’s common stock, par value
$0.0001 per share, including Class A common stock and Class B common stock. 
 (d) The term “Fidelity” means
“Fidelity Management & Research Company and its investment advisory affiliates. 

 (e) The term “Form S-3”
means such form under the Act as in effect on the date hereof or any registration form under the Act subsequently adopted by the SEC (as defined below) that permits inclusion or incorporation of substantial information by reference to other
documents filed by the Company with the SEC. 
 (f) The term “Holder(s)” means any Investor who holds Registrable
Securities (as defined below) and any holder of Registrable Securities to whom the registration rights conferred by this Agreement have been assigned in accordance with Section 1.13 hereof. MSIM shall be considered a Holder so long as
MSIM holds, on behalf of its Discretionary Accounts (as defined below), any Registrable Securities. 
 (g) The term “Initial
Offering” means the initial underwritten public offering by the Company of shares of Common Stock registered under the Act. 

(h) The term “MSIM” means Morgan Stanley Investment Management Inc. and its investment advisory affiliates. For
purposes of this Agreement, the mutual funds, other pooled vehicles and client accounts on whose behalf MSIM, Fidelity, T. Rowe or Redmile exercises investment discretion (such funds, pooled vehicles and client accounts collectively, the
“Discretionary Accounts”) shall be considered affiliates and affiliated entities of MSIM, Fidelity, T. Rowe or Redmile, respectively. 

(i) The term “Preferred Stock” means the Company’s Series A Preferred Stock, Series A-1 Preferred Stock, Series
B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock. 
 (j) The term “Public Offering” means a
firm commitment underwritten public offering by the Company of shares of Common Stock registered under the Act on the New York Stock Exchange or NASDAQ, 

(k) The term “Redmile” means Redmile Group, LLC and its investment advisory affiliates. 

(l) The terms “register,” “registered” and “registration” refer to a
registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or document. 

(m) The term “Registrable Securities” means: (i) any shares of Common Stock issuable or issued upon conversion
of the Preferred Stock; and (ii) any shares of Common Stock issued as (or issuable upon the conversion, exchange or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in
exchange or upon exercise for, or in replacement of, such shares of Preferred Stock or Common Stock referenced in (i) above; excluding in all cases, however, (x) any Registrable Securities sold by a person in a transaction in which such
person’s rights under this Section 1 are not assigned and (y) any shares of Common Stock issued upon special mandatory conversion of Preferred Stock pursuant to Section 5(g) of Article IV(C) (or any successor provision) of
the Company’s then existing Amended and Restated Certificate of Incorporation (any shares of Common Stock described in (y), “Special Mandatory Conversion Shares”). Notwithstanding the foregoing,

  
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securities shall only be treated as Registrable Securities if and for so long as they have not been (A) sold to or through a broker or dealer or underwriter in a public distribution or a
public securities transaction, or (B) sold in a transaction exempt from the registration and prospectus delivery requirements of the Act under Section 4(1) thereof so that all transfer restrictions, and restrictive legends with respect
thereto, if any, are removed upon the consummation of such sale. 
 (n) The number of shares of “Registrable Securities then
outstanding” means the number of shares of Common Stock that are Registrable Securities and (i) are then issued and outstanding or (ii) are then issuable pursuant to the exercise, exchange or conversion of then outstanding and
then exercisable, exchangeable or convertible shares of Preferred Stock, options, warrants or other convertible securities. 
 (o) The term
“Restated Certificate” means the Company’s Amended and Restated Certificate of Incorporation filed with the Secretary of State of the State of Delaware on or about the date hereof. 

(p) The term “SEC” means the Securities and Exchange Commission. 

(q) The term “T. Rowe” means T. Rowe Price Associates, Inc. and its investment advisory affiliates. 

1.2 Request for Registration. 

(a) If the Company shall receive, at any time subsequent to one hundred eighty (180) days following the completion of the Initial
Offering, a written request from the Holders of at least a majority of the Registrable Securities then outstanding (the “Initiating Holders”) that the Company file a registration statement under the Act covering the
registration of Registrable Securities which would yield an aggregate offering price to the public of at least $10,000,000, then the Company shall: 

(i) within twenty (20) days of the receipt thereof, give written notice of such request to all Holders; and 

(ii) subject to the limitations set forth in Section 1.2(b), use its commercially reasonable best efforts to effect, as soon as
practicable, the registration under the Act of all Registrable Securities that the Holders request to be registered, including any Registrable Securities specified in a written notice delivered by any Holder, other than the Initiating Holders, to
the Company within twenty (20) days after receipt by such Holder of the Company’s notice referred to in Section 1.2(a)(i) above. 

(b) If the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they
shall so advise the Company as a part of their request made pursuant to Section 1.2(a) and the Company shall include such information in the written notice referred to in Section 1.2(a)(i). The underwriter will be selected by
the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned upon such
Holder’s participation 

  
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in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and
such Holder) to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall (together with the Company as provided in Section 1.4(e)) enter into an underwriting agreement
in customary form with the underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Company and the Initiating Holders in writing that marketing
factors require a limitation of the number of shares to be underwritten, then the Company shall so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto, and the number of shares of Registrable Securities
that may be included in the underwriting shall be allocated among all Holders thereof, including the Initiating Holders, in proportion (as nearly as practicable) to the amount of Registrable Securities of the Company owned by each Holder; provided,
however, that the number of shares of Registrable Securities held by Holders to be included in such underwriting shall not be reduced unless all securities other than Registrable Securities are first entirely excluded from the underwriting. 

(c) Notwithstanding the foregoing, if the Company shall furnish to the Initiating Holders a certificate signed by an officer of the Company
stating that in the good faith judgment of the Board of Directors of the Company (the “Board”), it would be seriously detrimental to the Company and its stockholders for such registration statement to be filed because such
action would (i) materially interfere with a significant acquisition, corporate reorganization or other similar transaction involving the Company, (ii) require premature disclosure of material information that the Company has a bona fide
business purpose for preserving as confidential information, or (iii) render the Company unable to comply with requirements of the 1934 Act, the Company shall have the right to defer taking action with respect to such filing for a period not to
exceed one hundred twenty (120) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided, further, that the Company
shall not register any securities for the account of itself or any other stockholder during such one hundred twenty (120) day period (other than a registration relating solely to the sale of securities of participants in a Company stock plan, a
registration relating to a corporate reorganization or transaction under SEC Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement
covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered). 

(d) In addition, the Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to this
Section 1.2: 
 (i) after the Company has effected two (2) registrations pursuant to this Section 1.2 and such
registrations have been declared or ordered effective; 
 (ii) during the period starting with the date ninety (90) days prior to the
Company’s good faith estimate of the date of filing, and ending on a date one hundred and eighty (180) days after the effective date, of any other registration by the Company under the Act (other than a registration relating solely to the
sale of securities of participants in a 

  
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Company stock plan, a registration relating to a corporate reorganization or transaction under SEC Rule 145 of the Act, a registration on any form that does not include substantially the same
information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt
securities that are also being registered), provided that the Company is actively employing, in good faith, reasonable efforts to cause such registration statement to become effective and the Company delivers notice of such intent to the Initiating
Holders within thirty (30) days of the registration request; or 
 (iii) if the Initiating Holders propose to dispose of shares of
Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to Section 1.12 below. 

1.3 Company Registration. If (but without any obligation to do so) the Company proposes to register (including, for this purpose, a
registration effected by the Company for stockholders other than the Holders) any of its capital stock or other securities under the Act in connection with the public offering of such securities solely for cash (other than a registration relating
solely to the sale of securities of participants in a Company stock plan, a registration relating to a corporate reorganization or transaction under SEC Rule 145 of the Act, a registration on any form that does not include substantially the same
information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt
securities that are also being registered), the Company shall, at such time, promptly give each Holder written notice of such registration. The Company shall, subject to the provisions of Section 1.8, use its commercially reasonable best
efforts to cause to be registered under the Act all of the Registrable Securities that any Holder requests to be registered pursuant to a written notice delivered to the Company within twenty (20) days after mailing of the notice referred to
above in this Section 1.3 by the Company in accordance with Section 3.6. 
 1.4 Obligations of the Company.
Whenever required under this Section 1 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

(a) Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable
best efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one
hundred twenty (120) days or, if earlier, until the distribution contemplated in the Registration Statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of
time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities); and (ii) in the case of any registration of Registrable Securities on
Form S-3 that are intended to be offered on a continuous or delayed basis, such one hundred twenty (120) day period shall be extended, if necessary, to keep the registration statement effective until
all such Registrable Securities are sold or become eligible for sale under Rule 144, as such may be amended from time to time, promulgated by the SEC pursuant to the Act (“Rule 144”) by the applicable Holders without notice
or restriction 

  
 5 

 
(including, without limitation, any restriction relating to the availability of current public information about the Company and any volume restrictions), provided that Rule 415, or any successor
rule under the Act, permits an offering on a continuous or delayed basis; provided, further, that applicable rules under the Act governing the obligation to file a post-effective amendment permit, in lieu of filing a post-effective amendment that
(x) includes any prospectus required by Section 10(a)(3) of the Act or (y) reflects facts or events representing a material or fundamental change in the information set forth in the registration statement, the incorporation by
reference of information required to be included in (x) and (y) above to be contained in periodic reports filed pursuant to Section 13 or 15(d) of the 1934 Act in the registration statement. 

(b) Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with
such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered by such registration statement. 

(c) Furnish to the Holders such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of
the Act, and such other documents as they may reasonably request to facilitate the disposition of Registrable Securities owned by them. 

(d) Use its commercially reasonable best efforts to register and qualify the securities covered by such registration statement under such
other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general
consent to service of process in any such states or jurisdictions, except as may be required by the Act. 
 (e) In the event of any
underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering. Each Holder participating in such underwriting shall also enter into
and perform its obligations under such an agreement. 
 (f) Notify each Holder of Registrable Securities covered by such registration
statement at any time when a prospectus relating thereto is required to be delivered under the Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

(g) In the event any Holder registering Registrable Securities hereunder notifies the Company in writing that such Holder and its counsel
have reasonably determined that such Holder may be deemed, under applicable law, an underwriter or controlling person of the Company in relation to the applicable registration and such determination does not require the Company to effect such
registration on a form under the Act other than the form otherwise applicable hereunder in relation to such registration, allow such Holder to participate in the preparation of the applicable registration statement and include in such registration

  
 6 

 
statement any information such Holder reasonably requests in writing be included in such registration statement; provided, however, that (i) the Registrable Securities of such Holder be
excluded from the applicable registration if the holders of at least a majority of the Registrable Securities to be registered in such registration or the underwriters, if applicable, so request in writing; (ii) such included information shall
be deemed “furnished by such Holder expressly for use in connection with such registration” as such phrase, or equivalent language thereof, is used in the indemnification provisions set forth in Section 1.10 hereof in relation
to such Holder; (iii) solely in relation to losses, claims, damages or liabilities to be indemnified by such Holder pursuant to Section 1.10 hereof, the term “Violation” shall include any losses, claims, damages or
liabilities arising out of such Holder being deemed an underwriter or controlling person or any investigation, defense, proceeding, litigation or settlement in relation thereto; (iv) such Holder shall be solely responsible for all expenses and
fees of such registration incurred as a result of this Section 1.4(g) which would not otherwise have been incurred in relation to such registration; and (v) such Holder shall enter, and be bound by, any underwriting or other
agreement, including provisions usual and customary for the situation described in this Section 1.4(g), which the Company, any underwriter or any other Holder registering Registrable Securities in such registration shall reasonably
request such Holder enter. 
 (h) Cause all such Registrable Securities registered hereunder to be listed on each securities exchange on
which similar securities issued by the Company are then listed. 
 (i) Provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 

(j) Furnish, at the request of a majority in interest of the Holders requesting registration of Registrable Securities pursuant to this
Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this Section 1, if such securities are being sold through underwriters, or, if
such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, an opinion, dated such date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 

1.5 Furnish Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this
Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of
such securities as shall be required to effect the registration of such Holder’s Registrable Securities. 
 1.6 Expenses of Demand
Registration. All expenses (other than underwriting discounts and commissions, blue sky fees and stock transfer taxes) incurred in connection with registrations, filings or qualifications pursuant to Section 1.2, including, without
limitation, all registration, filing and qualification fees, printers’ and accounting fees, fees and 

  
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disbursements of counsel for the Company and the reasonable fees and expenses of one special counsel for the selling stockholders (not to exceed $25,000) shall be borne by the Company; provided,
however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 1.2 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the
Registrable Securities to be registered (in which case all participating Holders shall bear such expenses), unless the Holders of at least a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to
Section 1.2 (except in the event that, at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business or prospects of the Company from that known to the Holders at the time of their
request and have withdrawn the request with reasonable promptness following disclosure by the Company of such material adverse change, then the Holders shall not be required to pay any of such expenses and shall not be deemed to have exercised their
demand rights pursuant to Section 1.2). 
 1.7 Expenses of Company Registration. The Company shall bear and pay all
expenses incurred in connection with any registration, filing or qualification of Registrable Securities with respect to the registrations pursuant to Section 1.3 for each Holder (which right may be assigned as provided in
Section 1.13), including, without limitation, all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and expenses of one special
counsel for the selling stockholders (not to exceed $25,000), but excluding underwriting discounts and commissions, blue sky fees and stock transfer taxes. 

1.8 Underwriting Requirements. If a registration statement for which the Company gives notice pursuant to Section 1.3 is
for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such event, the right of any Holder’s Registrable Securities to be included in a registration pursuant to Section 1.3 shall be
conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities
through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Agreement, if the managing
underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares (including Registrable Securities) from the registration and the
underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated first, to the Company, and second, to each of the Holders requesting inclusion of their Registrable Securities in such
registration statement on a pro rata basis based upon the total number of Registrable Securities then held by each such Holder; provided, however, that no exclusion of such Holders’ Registrable Securities shall be made unless all securities of
all stockholders that are not Holders are first excluded; provided, further, that in any underwriting that is not in connection with an Initial Offering, the number of shares of Registrable Securities included in such underwriting shall not be
reduced below twenty five (25%) percent of the total number of securities included in such underwriting. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the
Company and the underwriter, delivered at least twenty (20) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be 

  
 8 

 
excluded and withdrawn from the registration. For any Holder that is an institutional fund, private equity fund, hedge fund, venture capital fund, mutual fund, partnership or corporation, the
affiliated funds, other pooled vehicles and discretionary client accounts, any fund which is controlled by or under common control with one or more general partners of such Holder, any fund that is managed and governed by the same management company
as such Holder, any fund that controls such Holder or any fund or, in the case of MSIM, Fidelity, T. Rowe or Redmile, any Discretionary Account that is controlled by, under common control with, managed or advised by the same management company or
registered investment advisor (or an affiliate of such management company or registered investment advisor) as such Holder, and the partners, retired partners, members, former members and stockholders of such Holder, or the estates and family
members of any such partners, retired partners, members, former members or stockholders, and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “Holder,” and any pro rata reduction with respect to
such “Holder” shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such “Holder,” as defined in this sentence. 

1.9 Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such
registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1. 

1.10 Indemnification. In the event any Registrable Securities are included in a registration statement: 

(a) To the extent permitted by law, the Company will indemnify and hold harmless each selling Holder, the partners, members, officers,
directors and stockholders of each selling Holder, any underwriter (as defined in the Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Act or the 1934 Act, against any losses, claims,
damages or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based
upon any of the following statements, omissions or violations (collectively, a “Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any
document incorporated by reference therein, any preliminary prospectus or final prospectus contained therein or any issuer free writing prospectus, offering circular or other document filed or made available in connection therewith or any amendments
or supplements thereto; (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the
Company of the Act, the 1934 Act, any state securities law or any rule or regulation promulgated under the Act, the 1934 Act or any state securities law; and the Company will promptly pay to each such Holder, underwriter, controlling person or other
aforementioned person any legal or other expenses (including, without limitation, any settlement of litigation) reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action as such
expenses are incurred (provided that such person shall promptly reimburse the Company for any such expenses paid by the Company to such person in the event it is finally determined by a court of competent jurisdiction that the provisions of this
Section 1.10(a) do not apply to the applicable losses, claims, damages or 

  
 9 

 
liabilities); provided, however, that the indemnity agreement contained in this Section 1.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld, delayed or conditioned), nor shall the Company be liable in any such case for any such loss, claim, damage,
liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder,
underwriter, controlling person or other aforementioned person. 
 (b) To the extent permitted by law, each selling Holder, severally and
not jointly, will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Act or 1934 Act, any
underwriter (as defined in the Act), any other Holder selling securities in such registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to
which any of the foregoing persons may become subject under the Act, the 1934 Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in
each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will
promptly pay any legal or other expenses (including, without limitation, any settlement of litigation) reasonably incurred by any person intended to be indemnified pursuant to this Section 1.10(b) in connection with investigating or
defending any such loss, claim, damage, liability or action as such expenses are incurred (provided that such person shall promptly reimburse such Holder for any such expenses paid by the Holder to such person in the event it is finally determined
by a court of competent jurisdiction that the provisions of this Section 1.10(b) do not apply to the applicable losses, claims, damages or liabilities); provided, however, that the indemnity agreement contained in this
Section 1.10(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of such Holder, which consent shall not be unreasonably withheld,
conditioned or delayed; provided, further, that in no event shall any indemnity by any Holder under this Section 1.10(b) exceed the net proceeds from the offering received by such Holder, except in the case of fraud by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 1.10 of notice of the commencement of any action (including
any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.10, deliver to the indemnifying party a written notice of the commencement thereof and
the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by
the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party
represented by such counsel in such proceeding. The failure to deliver written notice to the 

  
 10 

 
indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to
the indemnified party under this Section 1.10, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this
Section 1.10. Each indemnified party shall furnish such information regarding itself or the claim in question as any indemnifying party may reasonably request in writing and as shall be reasonably required in connection with the defense
of such claim and litigation resulting therefrom. 
 (d) If the indemnification provided for in this Section 1.10 is held by a
court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall
contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and of
the indemnified party, on the other, in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; provided, however, that no contribution by
any Holder, when combined with any amounts paid by such Holder pursuant to Section 1.10(b), shall exceed the net proceeds from the offering received by such Holder, except in the case of fraud by such Holder, and the Holders shall be
severally, and not jointly, liable under this Section 1.10(d). The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. 
 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification
and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

(f) Subject to Section 1.10(e) hereof, the obligations of the Company and Holders under this Section 1.10 shall
survive (i) the completion of any offering of Registrable Securities pursuant to a registration statement filed by the Company under this Section 1, and (ii) in relation to any registration in which any Holder includes
Registrable Securities pursuant to this Section 1, the termination of this Agreement. 
 1.11 Reports Under the 1934
Act. With a view to making available to the Holders the benefits of Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant
to a registration on Form S-3, the Company agrees to: 
 (a) make and keep public information
available, as those terms are understood and defined in Rule 144, at all times after the effective date of the first registration statement filed by the Company for the offering of its securities to the general public; 

  
 11 

 (b) take such action, including the voluntary registration of its Common Stock under
Section 12 of the 1934 Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities; 

(c) file with the SEC in a timely manner all reports and other documents required of the Company under the Act and the 1934 Act; and 

(d) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) a written statement by the
Company that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company), the Act and the 1934 Act (at any time after it
has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the
most recent annual or quarterly report of the Company and such other reports and documents filed under the 1934 Act by the Company, and (iii) such other information as may be reasonably requested in availing any Holder of any rule or regulation
of the SEC that permits the selling of any such securities without registration or pursuant to such form. 
 1.12 Form S-3 Registration. 
 (a) If the Company shall receive from any Holders a written request or
requests that the Company effect a registration on Form S-3 and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the
Company will: 
 (i) promptly give written notice of the proposed registration, and any related qualification or compliance, to all other
Holders; and 
 (ii) use its commercially reasonable best efforts to effect, as soon as practicable, such registration and all such
qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with
all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request delivered by such Holder to the Company within fifteen (15) days after receipt of such written notice
from the Company referred to in (i) above; provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 1.12: (i) if Form S-3 is not available for such offering by the Holders; (ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell
Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $1,000,000; (iii) if the Company shall furnish to the Holders a certificate
signed by an officer of the Company stating that, in the good faith judgment of the Board, it would be seriously detrimental to the Company and its stockholders for such Form S-3 registration to be
effected at such time, the Company shall have the right to defer the filing of the Form S-3 registration statement for a period not to exceed one hundred twenty (120) days after receipt by the
Company of the request of the Holder or Holders under this Section 1.12, provided that the Company shall not utilize this right more than once in 

  
 12 

 
any twelve (12) month period and shall not register any securities for the account of itself or any other stockholder during such one hundred twenty (120) day period (other than a
registration relating solely to the sale of securities of participants in a Company stock plan, a registration relating to a corporate reorganization or transaction under SEC Rule 145 of the Act, a registration on any form that does not include
substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon
conversion of debt securities that are also being registered); (iv) if the Company has, within the twelve (12) month period preceding the date of such request, already effected one (1) registration pursuant to this
Section 1.12; or (v) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance.

 (b) If the Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so
advise the Company as a part of their request made pursuant to this Section 1.12 and the Company shall include such information in the written notice referred to in Section 1.12(a)(i). The provisions of
Section 1.2(b) shall be applicable to such registration and underwritten offering (with the substitution of Section 1.12 for references to Section 1.2). 

(c) Subject to the foregoing, the Company shall file a registration statement covering the Registrable Securities and other securities so
requested to be registered as soon as practicable after receipt of the request or requests of the Holders made pursuant to this Section 1.12. All expenses incurred in connection with all registrations requested pursuant to
Section 1.12, including, without limitation, all registration, filing, qualification, printers’ and accounting fees and the reasonable fees and disbursements of one special counsel for the selling stockholders (not to exceed
$25,000), but excluding any underwriters’ discounts or commissions, blue sky fees and stock transfer taxes, shall be borne by the Company. Registrations effected pursuant to this Section 1.12 shall not be counted as registrations
effected pursuant to Section 1.2 or 1.3. 
 1.13 Assignment of Registration Rights. The rights to cause the
Company to register Registrable Securities pursuant to this Section 1 may be assigned (but only with all related obligations) by a Holder to a transferee or assignee of such securities, provided that (a) the Company is, within a
reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; (b) such transferee or assignee
agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including, without limitation, the provisions of Section 1.15 below; (c) the transfer involves a transfer of at least 1,000,000 shares (as
adjusted for any stock dividends, combinations, reclassifications, recapitalizations, stock splits, reverse stock splits and the like) of Registrable Securities (provided, however, that transfers or assignments shall be without restriction as to the
minimum number of shares to be transferred (i) to affiliated venture funds, mutual funds, any fund which is controlled by or under common control with one or more general partners of such Holder, any fund that is managed and governed by the
same management company as such Holder, any fund that controls such Holder or any fund or, in the case of MSIM, Fidelity, T. Rowe or Redmile, any Discretionary Account that is controlled by, under common control with, managed or advised by 

  
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the same management company or registered investment advisor (or an affiliate of such management company or registered investment advisor) as such Holder, (ii) to partners, limited partners,
retired partners, stockholders, members or retired members, parents, children, spouses, trusts, affiliates or majority-owned subsidiaries of a Holder, (iii) between Discretionary Accounts; (iv) between U.S. registered mutual funds pursuant
to mergers or reorganizations; or (v) to any successor trustee of The Wellcome Trust, any entity established as the successor of The Wellcome Trust or any entity controlled by The Wellcome Trust or any permitted assignee of The Wellcome Trust
hereunder); and (d) such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Act. 

1.14 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the
prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder
(a) to include such securities in any registration filed under Section 1.2, 1.3 or 1.12 hereof, unless under the terms of such agreement, such holder or prospective holder may include such securities in any such
registration only to the extent that the inclusion of such holder’s securities will not reduce the amount of the Registrable Securities of the Holders that is included, or (b) to make a demand registration. 

1.15 “Market Stand-Off” Agreement. Each Investor hereby agrees (and the Company shall use commercially reasonable efforts to
ensure that any underwriter complies with this Section 1.15) that, for one hundred eighty (180) days (or such longer period as described below) following the effective date of the registration statement of the Company filed under the Act
in connection with the Initial Offering, it shall not directly or indirectly sell, offer to sell, contract to sell (including, without limitation, any short sale), grant any option to purchase or otherwise transfer or dispose of (other than to
donees who agree to be similarly bound) any securities of the Company held immediately prior to the commencement of such period, except shares of Common Stock included in such registration; provided, however, that: 

(a) all executive officers and directors of the Company and holders of at least 1% of the outstanding capital stock of the Company enter into
similar agreements; 
 (b) such market stand-off time period shall not exceed one hundred eighty (180) days (or such other period, not
to exceed thirty (30) days after the expiration of the market stand-off period, as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports
and (ii) analyst recommendations and opinions, including, without limitation, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto); and 

(c) if there is any release from market stand-off restrictions of any Investor’s shares subject to such restrictions, at any time during
the market stand-off time period, then each other Investor may sell, transfer or otherwise dispose of an equal percentage of such Investor’s shares originally subject to the market stand-off restrictions; provided, however,

  
 14 

 
that this Section 1.15(c) shall not apply to releases not exceeding 50,000 shares (as adjusted for any stock dividends, combinations, reclassifications, recapitalizations, stock
splits, reverse stock splits and the like) in the aggregate during the market stand-off time period with respect to any single Investor (for purposes of this Section 1.15(c), an Investor does not include any partners, members, affiliates
and affiliated funds of an Investor). 
 Each Investor hereby agrees that it will enter into the underwriter’s standard lock-up agreement containing
restrictions similar to those set forth in this Section 1.15, provided that such lock-up agreement shall not apply to any securities included in the Initial Offering or purchased by an Investor in the Initial Offering or on the open
market following the Initial Offering. In addition, in order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to all securities held by each Investor (and the shares or securities of every other
person subject to the foregoing restriction) until the end of such period. 
 1.16 Termination of Registration Rights. No Holder
shall be entitled to exercise any right provided for in this Section 1 after the earlier of (a) three (3) years following the consummation of the Initial Offering; and (b) as to any Holder, such time as (i) the
Company has completed its Initial Offering, and (ii) all Registrable Securities held by such Holder (together with any affiliates of such Holder with whom such Holder must aggregate its sales under Rule 144) can be sold in any
three (3) month period without registration under Rule 144; provided, however, notwithstanding the foregoing, no Holder shall be entitled to exercise any right provided for in this Section 1 with respect to any Special
Mandatory Conversion Shares. 
 2. Covenants of the Company. 

2.1 Delivery of Financial Statements. 

(a) The Company shall deliver to each Investor, for so long as such Investor, together with its affiliates, holds at least 1,700,000 shares
of Preferred Stock, as adjusted for any stock dividends, combinations, reclassifications, recapitalizations, stock splits, reverse stock splits and the like (each such Investor, a “Major Investor”) (provided that,
notwithstanding anything to the contrary in the foregoing, for so long as The Cleveland Clinic Foundation (the “Cleveland Clinic”), together with its affiliates, holds at least 480,000 shares of Preferred Stock, as adjusted
for any stock dividends, combinations, reclassifications, recapitalizations, stock splits, reverse stock splits and the like, the Cleveland Clinic shall be deemed a Major Investor hereunder; (ii) for so long as any Investor acquiring Series D
Preferred Stock pursuant to the Purchase Agreement (a “Series D Investor”), together with its affiliates, holds at least 100,000 shares of Preferred Stock, as adjusted for any stock dividends, combinations, reclassifications,
recapitalizations, stock splits, reverse stock splits and the like, such Investor shall be deemed a Major Investor solely for purposes of this Section 2.1 and Section 2.2 hereunder, and (iii) for the avoidance of doubt,
Section 3.10 hereof shall apply in determining the rights of any Stockholder under this Agreement, including, without limitation, this Section 2): 

(i) (x) within 120 days after the end of each fiscal year of the Company, an income statement for such fiscal year, a balance sheet of the
Company as of the end of such year, a statement of stockholder’s equity as of the end of such year and a 

  
 15 

 
statement of cash flows for such fiscal year, such year-end financial reports to be unaudited, in reasonable detail and prepared in accordance with United States generally accepted accounting
principles (“GAAP”) consistently applied (collectively, “Annual Financial Statements”), and (y) as soon as practicable after the end of each fiscal year of the Company, Annual Financial Statements
that are audited and certified by independent public accountants of nationally recognized standing selected by the Company; 
 (ii) as soon
as practicable, but in any case within forty-five (45) days, after the end of each fiscal quarter, an unaudited income statement, balance sheet and statement of cash flows for and as of the end of such quarter, such unaudited financial
statements to be in reasonable detail; and 
 (iii) as soon as practicable prior to the end of each fiscal year of the Company, a budget
and business plan for the next fiscal year. 
 (b) In the event the accounts of any subsidiary of the Company are consolidated with the
accounts of the Company during any applicable period, any financial statements delivered in respect of such period pursuant to this Section 2.1 shall be the consolidated and consolidating financial statements of the Company and all such
consolidated subsidiaries. 
 2.2 Inspection and Audit Rights. 

(a) The Company shall permit each Major Investor, at such Major Investor’s expense and upon reasonable notice from such Major Investor,
to visit and inspect the Company’s properties, to examine its minutes, books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be requested by such
Major Investor; provided, however, that the Company shall not be obligated under this Section 2.2 to provide information that it deems in good faith to be a trade secret or similar confidential or proprietary information. 

(b) The Company shall reasonably promptly and accurately respond, and (to the extent applicable) shall use its commercially reasonable
efforts to cause its transfer agent to promptly respond, to requests for information made on behalf of any Major Investor affiliated with T. Rowe Price Associates, Inc. or Fidelity with respect to (a) accounting or securities law matters
required in connection with the Company’s annual audit or (b) the actual holdings of the T. Rowe or Fidelity accounts, including in relation to the total outstanding shares of the Company’s capital stock; provided however, that the
Company shall not be obligated to provide any such information that could reasonably result in a violation of applicable law or, to the extent applicable, conflict with the Company’s insider trading policy or any confidentiality obligations of
the Company. The foregoing rights shall expire when no Major Investor advised by T. Rowe or Fidelity, as applicable, holds any securities of the Company that are restricted under the Act. 

2.3 Right of First Offer. 

(a) Subject to the terms and conditions specified in this Section 2.3, the Company hereby grants to each Investor, for so long as
such Investor (together with its 

  
 16 

 
affiliates) holds shares of Preferred Stock (a “Preferred Investor”), a right of first offer with respect to future sales by the Company of its Shares (as hereinafter
defined). For purposes of this Agreement, “affiliate” includes (i) any fund which is controlled by or under common control with one or more general partners of such Preferred Investor, any fund that is managed and
governed by the same management company as such Preferred Investor, any fund that controls such Preferred Investor or any fund or, in the case of MSIM, Fidelity, T. Rowe or Redmile, any Discretionary Account that is controlled by, under common
control with, managed or advised by the same management company or registered investment advisor (or an affiliate of such management company or registered investment advisor) as such Preferred Investor, (ii) any partners, retired partners,
members, former members, affiliates and affiliated funds of such Preferred Investor, (iii) any Discretionary Account or (iv) any entity controlled by The Wellcome Trust or any permitted assignee of The Wellcome Trust hereunder. A Preferred
Investor shall be entitled to apportion the right of first offer hereby granted to it under this Section 2.3 among itself and its affiliates in such proportions as it deems appropriate. 

(b) Each time the Company proposes to offer any shares of, or securities convertible into or exercisable or exchangeable for any shares of,
any class of its capital stock (“Shares”), the Company shall first make an offering of such Shares to each Preferred Investor in accordance with the following provisions. 

(i) The Company shall deliver a written notice (the “Notice”) to the Preferred Investors stating (i) its bona
fide intention to offer such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such Shares. 

(ii) Within twenty (20) days after delivery by the Company of the Notice, each Preferred Investor may elect to purchase or otherwise
acquire, at the price and on the terms specified in the Notice, up to such Preferred Investor’s Pro Rata Share (as defined below) of such Shares. 

(iii) The “Pro Rata Share” shall be a fraction, the numerator of which shall be the number of shares of Preferred
Stock (on an as-converted basis) then held by the Preferred Investor immediately prior to the offering of such Shares, and the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to the offering of such
Shares (assuming full conversion and exercise of all outstanding convertible and exercisable securities and including shares of Common Stock reserved for issuance but not yet issued under stock option or other equity compensation plans or agreements
on terms approved by the Board). 
 (iv) Upon the expiration of such twenty (20) day period, the Company shall promptly, in writing,
inform each Preferred Investor that elects to purchase all the Shares available to it under this Section 2.3 (each, a “Fully-Exercising Investor”) of any other Preferred Investor’s failure to do likewise.
Within the ten (10)-day period commencing after receipt of such information, each Fully-Exercising Investor may elect to purchase or otherwise acquire that portion of the Shares for which Preferred Investors were entitled to subscribe but which
were not subscribed for by the Preferred Investors that is equal to the proportion that the number of shares of Preferred Stock (on an as-converted basis) then held by 

  
 17 

 
such Fully-Exercising Investor bears to the total number of shares of Preferred Stock (on an as-converted basis) then held by all Fully-Exercising Investors who wish to purchase or otherwise
acquire any of the unsubscribed shares. 
 (c) If all Shares that Preferred Investors are entitled to purchase or otherwise acquire
pursuant to Section 2.3(b) are not elected to be purchased or otherwise acquired as provided in Section 2.3(b) hereof, the Company may, during the ninety (90) day period following the expiration of the ten (10) day
period provided in Section 2.3(b) hereof, offer the remaining unsubscribed portion of such Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree than, those specified in the Notice. If
the Company does not enter into an agreement for the sale of the Shares within such ninety (90) day period, or if such agreement is not consummated within ninety (90) days of the execution of such agreement, the right provided hereunder
shall be deemed to be revived and such Shares shall not be offered unless first reoffered to the Preferred Investors in accordance herewith. 

(d) The right of first offer in this Section 2.3 shall not be applicable (i) to the issuance of securities pursuant to the
conversion, exchange or exercise of convertible, exchangeable or exercisable securities outstanding immediately following the date of this Agreement, provided that any such issuance is pursuant to the terms of such convertible, exchangeable or
exercisable securities; (ii) to the issuance or sale of shares of Series D Preferred Stock pursuant to the Purchase Agreement; (iii) to the issuance of Common Stock (or options therefor) to directors, officers, employees, consultants,
advisors or contractors of the Company pursuant to stock option or other equity compensation plans or agreements on terms approved by the Board; (iv) to the issuance of securities in connection with equipment lease financings, bank credit
arrangements, real estate leases or similar transactions entered into primarily for non-equity financing purposes approved by the Board; (v) to the issuance of securities as a dividend or distribution on the Preferred Stock; (vi) to the
issuance of securities in connection with a partnering or licensing transaction or a bona fide acquisition of a business or any assets or properties or technology of or by the Company, whether by merger, consolidation, sale of assets, sale or
exchange of stock or otherwise, pursuant to agreements approved by the Board; (vii) to the issuance of securities pursuant to, or after the consummation of, a bona fide underwritten public offering of shares of Common Stock, registered under
the Act pursuant to a registration statement or upon the exercise of warrants or rights granted to underwriters in connection with such offering; or (viii) to the issuance of securities in connection with a stock split, subdivision or similar
transaction. 
 (e) The right of first offer set forth in this Section 2.3 may not be assigned or transferred, except that such
right is assignable (i) by each Preferred Investor to any wholly owned subsidiary or parent of, or to any corporation or entity that is, within the meaning of the Act, controlling, controlled by or under common control with, any such Preferred
Investor; (ii) between and among any of the Preferred Investors; (iii) by a Preferred Investor that is an institutional fund, private equity fund, hedge fund, mutual fund or venture capital fund to any affiliated fund or partner, retired
partner, member or former member of such fund, any fund which is controlled by or under common control with one or more general partners of such Preferred Investor, any fund that is managed and governed by the same management company as such
Preferred Investor, any fund that controls such Preferred Investor or any fund or, in the case 

  
 18 

 
of MSIM, Fidelity, T. Rowe or Redmile, any Discretionary Account that is controlled by, under common control with, managed or advised by the same management company or registered investment
advisor (or an affiliate of such management company or registered investment advisor) as such Preferred Investor; (iv) between Discretionary Accounts; or (v) to any successor trustee of The Wellcome Trust, any entity established as the
successor of The Wellcome Trust or any entity controlled by The Wellcome Trust or any permitted assignee of The Wellcome Trust hereunder. 

2.4 Reimbursement of Director Expenses. The Company shall reimburse reasonable, documented travel and other customary out-of-pocket
expenses incurred by directors of the Company in connection with their service on the Board (and only for the Company’s portion of such expenses in the event such expenses are allocable to other business matters of a director of the Company),
including attendance at Board meetings (or committees thereof) and other meetings or events on behalf of the Company. 
 2.5 Director
and Officer Insurance. To the extent available on commercially reasonable terms, the Company (i) shall obtain and maintain customary directors’ and officers’ liability insurance, with coverage amounts to be determined by the Board
(including the directors elected by the holders of Preferred Stock) and (ii) shall not cancel any such insurance without the prior approval of the Board (including the directors elected by the holders of Preferred Stock). 

2.6 Proprietary Information and Inventions Agreements. All employees and consultants of the Company shall, as a condition to the
commencement and continuation of their employment with the Company or rendering of services to the Company, respectively, execute the Company’s standard form proprietary information and inventions agreements for employees and consultants, or an
agreement containing substantially similar terms, providing for the protection of the Company’s proprietary or confidential information and the assignment of intellectual property rights to the Company. 

2.7 Stock Issuances. Unless otherwise approved by the Board (or any duly authorized committee thereof), all stock, stock options and
other stock equivalents (each, an “Option” and together, the “Options”) issued on or after the date of this Agreement shall be subject to vesting as follows: 

(a) to employees of the Company: (i) twenty percent (20%) of such Options shall vest at the end of the first year following the
earlier of the date of issuance thereof or such person’s services commencement date with the Company, provided that such person continues in the service of the Company (the date on which such 20% shall vest, the “Cliff
Date”), (ii) twenty percent (20%) of such Options shall vest over the next year in equal increments on a monthly basis upon the completion of each month of service measured from the Cliff Date, and (iii) the remaining
sixty percent (60%) of such Options shall vest over the remaining two (2) years in equal increments on a monthly basis upon the completion of each month of service thereafter; and 

(b) to consultants, advisors and directors of the Company: twenty five percent (25%) of such Options shall vest at the end of each of
four years following 

  
 19 

 
the earlier of the date of issuance thereof or such person’s services commencement date with the Company, in each case provided that such person continues in the service of the Company. 

With respect to clauses (a) and (b) above, upon such person’s termination of employment or service with the Company, the
Company shall have the right to repurchase at the lesser of cost or fair market value any unvested shares of stock held by such person. 

2.8 Severance. The Company shall not, without the prior approval of the Board (including the directors elected by the holders of
Preferred Stock), provide any cash severance payment in connection with the termination of services for the Company by directors, officers, employees, consultants and other service providers. 

2.9 Certificated Shares. Company shall issue stock certificates for Preferred Stock and Common Stock (upon conversion as applicable)
to Holders affiliated with T. Rowe Price Associates, Inc. or Fidelity in physical certificated form, until such time as the Registrable Securities become eligible for sale under Rule 144 by the applicable Holders without notice or restrictions
(including, without limitation, any restriction relating to the availability of current public information and volume restrictions). 

2.10 Termination of Covenants. The covenants of the Company set forth in this Section 2 (other than
(x) Section 2.2(b) with respect to clauses (i), (ii), (iii) or (v) of this Section 2.10 and (y) Section 2.9) shall terminate and be of no further force or effect (i) upon a Public Offering, (ii) upon a
Liquidation Event (as such term is defined in the Company’s then existing Amended and Restated Certificate of Incorporation), unless the treatment of such occurrence as a Liquidation Event under such Amended and Restated Certificate of
Incorporation is waived pursuant to the terms of such Amended and Restated Certificate of Incorporation, (iii) when the Company first reports pursuant to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act;
(iv) upon mutual agreement of such parties as would be required to amend this Agreement pursuant to Section 3.7 hereof, whichever event shall first occur; or at such time as the Company is required to report on Form 10 under the
1934 Act 
 3. Miscellaneous. 

3.1 Confidentiality, Publicity, and Certain Acknowledgements. 

(a) The Company shall not, without the consent of the Investors holding in the aggregate at least a majority of outstanding shares of
Preferred Stock (calculated on an as-converted basis), publicize or disclose to any other entity or person the existence and terms of any Related Agreement (as such term is defined in the Purchase Agreement), related discussions and negotiations,
and the financing contemplated by the Purchase Agreement; provided, however, the Company may disclose such information (i) to the Company’s directors, officers, employees, agents, affiliates, counsel, accountants or other professional
advisors, each of whom agrees to hold in confidence and trust such information or owes a duty of confidentiality to the Company, in order to allow the Company to comply with its obligations and arrangements under the Related Agreements, and
(ii) pursuant to federal or state securities laws or as otherwise required by law. Such consent need only be obtained once 

  
 20 

 
initially with respect to reusable, boilerplate statements, such as those used in press releases and other promotional materials, in substantially the form in which it was approved.
Notwithstanding anything to the contrary herein, each of the Company and the Investors acknowledges and consents that (a) each of athenahealth, Inc., a Delaware corporation (“athenahealth”), and MSIM may disclose the
existence and basic financial terms of its investment in the Company to the extent required by applicable securities laws; and (b) MSIM may disclose the existence and basic financial terms of its investment in the Company, and applicable terms
of the Related Agreements, to any Discretionary Account client on whose behalf MSIM exercises investment discretion in relation to any shares of capital stock of the Company, provided that such person agrees to hold in confidence and trust such
information or owes a duty of confidentiality to MSIM, in order to allow MSIM to comply with its obligations and arrangements under the Related Agreements. 

(b) Each of athenahealth and the Company hereby acknowledges and consents, represents, and warrants to the following: 

(i) Todd Park and Ann H. Lamont have each served as a member of the board of directors of, and has held or holds securities in, each of
athenahealth and the Company and may from time to time provide advisory or other services to the Company; and 
 (ii) As of the date
hereof, to the best knowledge of athenahealth and the Company, (A) notwithstanding the fact that each of Todd Park, Annie Lamont and Anshul Amar possess Confidential Information (as defined below) of each of athenahealth and the Company, none
have violated their respective obligations with respect to such Confidential Information, athenahealth does not possess any Confidential Information of the Company, and the Company does not possess any Confidential Information of athenahealth;
(B) athenahealth has not infringed, misappropriated or otherwise violated the Intellectual Property (as such term is defined in the Purchase Agreement) of the Company, and the Company has not infringed, misappropriated or otherwise violated the
Intellectual Property of athenahealth; and (C) none of athenahealth’s employees, consultants, or agents has violated any of her, his or its obligations to athenahealth by providing, agreeing to provide, or soliciting others to provide
services to the Company and none of the Company’s employees, consultants, or agents has violated her, his or its obligations to the Company by providing, agreeing to provide, or soliciting others to provide services to the Company. 

(c) Subject to Section 3.1(e), no Investor shall use Confidential Information of the Company for its own use or for any purpose
except to evaluate and enforce its equity investment in the Company. Each Investor shall undertake to treat any Confidential Information of the Company in a manner consistent with the treatment of its own information of such proprietary nature and
agrees that it shall protect the confidentiality of, and use reasonable best efforts to prevent disclosure of, such Confidential Information to prevent it from falling into the public domain or the possession of unauthorized persons as provided for
in this Section 3.1. Each transferee of any Investor who receives Confidential Information of the Company shall be bound by the provisions of this Section 3.1; provided, however, that no Investor party to this Agreement that
transfers all of its shares of capital stock of the Company to such transferee in compliance with the provisions of the Purchase Agreement, this Agreement and the other 

  
 21 

 
Related Agreements shall be subject to any liability arising from any breach of Section 3.1 of this Agreement by such transferee. 

(d) Subject to applicable securities laws, written contractual obligations and fiduciary obligations, if any, the Company and each of the
Investors acknowledge and consent that the obligation of any Investor to refrain from using or disclosing Confidential Information as provided in this Section 3.1 shall not prohibit any such Investor from disclosing such Confidential
Information: (i) to members of such Investor’s investment committee, partners, employees, investment advisers, attorneys, accountants, consultants and other professionals (and those of its affiliates) to the extent necessary to obtain
their services in connection with its or its affiliates’ internal investment analyses, provided that such persons agree to hold such information confidential as provided herein; (ii) to any prospective purchaser of any shares of the
Company owned by such Investor or any of its respective affiliates, provided that prior to any such disclosure such Investor shall obtain the prior written consent of the Company, not to be unreasonably withheld, to make such disclosure and that any
such prospective purchaser agrees in writing to be bound by the confidentiality provisions as provided in this Section 3.1; (iii) to any general partner, member, subsidiary or other affiliate of such Investor or other entity which
acts as an investment adviser for such Investor or its affiliates (and their respective representatives), or, in the case of MSIM, Fidelity, T. Rowe or Redmile, any Discretionary Account client, as long as (A) such general partner, member,
subsidiary, person or other affiliate or entity agrees to comply with this Section 3.1; (B) such Investor uses its reasonable efforts to ensure that such general partner, member, subsidiary or other affiliate or entity holds such
information in confidence and trust and will not disclose any information provided to or learned by it except as required by law; and (C) such Investor shall be responsible for any disclosure of the Company’s Confidential Information in
violation of this Agreement by such general partner, member, subsidiary or other affiliate or entity; or (iv) as required by applicable law or regulation, regulatory body, stock exchange, court or administrative order, or any listing or trading
agreement concerning such Investor, any of its affiliates or the Company, provided that (A) prior to any such disclosure such Investor will, where permitted by law, provide written notice to the Company that provides the Company a reasonable
opportunity to seek a protective order or other appropriate legal relief, and (B) such Investor makes a reasonable effort to cooperate with the Company’s efforts to seek a protective order or similar appropriate relief. Furthermore,
nothing in this Section 3.1 shall restrict such Investor’s ability to disclose the existence or basic nature of its relationship with the Company, the basic nature or amount of such Investor’s or its affiliates’ investment
in securities of the Company or to provide its affiliates with quarterly, annual or other reports and such other information about the Company prepared by such Investor in the ordinary course of its business, provided that such Investor takes
reasonable measures to ensure that any such affiliates protect the Company’s Confidential Information as provided for herein. Each Investor shall be severally and not jointly responsible (except that affiliated investors shall be jointly
responsible) for any disclosure of the Company’s Confidential Information in violation of this Agreement by any of the persons or entities to whom such Investor discloses such Confidential Information. 

(e) The Company and each of the Investors acknowledges and consents that: 

  
 22 

 (i) at least some of the Investors, including affiliated entities which act as investment
advisors for such Investors or affiliates of such Investors, regularly engage in venture capital investing (each such Investor, a “VC Investor”) and review the business plans and related proprietary information of many
enterprises, including, without limitation, enterprises which may have products or services which compete directly or indirectly with those of the Company; 

(ii) each VC Investor is or may be engaged in the investment management business and that each such VC Investor may, subject to applicable
securities laws, written contractual obligations and fiduciary obligations, if any, use information provided as a result of its investment in the Company in connection with its evaluation of actual or proposed investment positions as well as the
purchase or sale of securities on behalf of itself, any affiliate or any investment fund or other investor advised by it or by its respective affiliates, provided that it will maintain such information in strict confidence and will not disclose such
information except as in accordance with the terms of this Section 3.1; 
 (iii) provided that a VC Investor has not disclosed
the Company’s Confidential Information in contravention of the terms of this Section 3.1, the investment of such VC Investor or any of its affiliates in the Company shall not, except as limited by applicable securities laws, written
contractual obligations and fiduciary obligations, if any, in any way limit the activities, current or future, of such VC Investor, any affiliate or any investment fund or other investor advised by it or by their respective affiliates, regardless of
whether such activities or those of any entity in which any such person may invest are competitive, or become competitive, with the Company, and neither the Company nor any stockholder of the Company shall be entitled, solely because of such
investment, to (A) any interest in such other activities or investments, (B) claim for injunctive relief or damages in respect of such other activities or investments, or (C) prohibit any person from proceeding with such activities or
investments; 
 (iv) provided that a VC Investor has not disclosed the Company’s Confidential Information in contravention of the
terms of this Section 3.1, such VC Investor shall not, except as limited by applicable securities laws, written contractual obligations and fiduciary obligations, if any, be liable to the Company or to any holder of capital stock of the
Company for any claim arising out of or based upon any actions taken by any affiliate, officer or other representative of such VC Investor to assist any such competitive company, whether or not such action was taken as a board member of such
competitive company or otherwise and whether or not such action has a detrimental effect on the Company (notwithstanding anything to the contrary herein, to the extent that a designee of such VC Investor acts as a member of the Board or any
committee thereof, nothing herein shall be deemed to limit such individual’s obligations with respect to fiduciary duties to the Company or its interest holders arising from such participation as a director of the Company); 

(v) athenahealth may from time to time invest in, acquire or otherwise participate in enterprises which offer, or athenahealth may develop
internally, products or services that compete directly or indirectly with those of the Company; 

  
 23 

 (vi) MSIM may from time to time invest in companies that compete directly or indirectly with the
Company; and 
 (vii) the Company may from time to time invest in, acquire, or otherwise participate in enterprises which offer, or the
Company may develop internally, products or services that compete directly or indirectly with those of athenahealth or enterprises advised by or receiving investments from any of the Investors (for purposes of clarity, nothing in this Agreement
shall preclude or in any way restrict the Company from investing in, acquiring or otherwise participating in any particular enterprise, whether or not such enterprise has products or services which compete with those of the Investor or its advisees
or investments, or from developing internally any such product or service), provided that nothing in this Agreement shall be construed as a waiver by athenahealth of its rights to its Intellectual Property or its Confidential Information. 

(f) “Confidential Information” means any proprietary information that is disclosed by one party
(“Disclosing Party”) to the other party (“Receiving Party”) which relates to the Disclosing Party’s business (including, without limitation, business plans, financial data, customer information
and marketing plans), technology (including, without limitation, technical drawings, designs, schematics, algorithms, code, technical data, product plans, research plans, software, web design or architecture and the like), products, services, trade
secrets, know-how, formulas, processes, ideas and inventions (whether or not patentable) and which should be reasonably understood by the Receiving Party as the confidential or proprietary information of the Disclosing Party. Confidential
Information shall not include any information that (i) is or falls into the public domain without fault of the Receiving Party; (ii) the Receiving Party can show by written documentation was in its possession without any obligation of
confidentiality prior to receipt thereof from the Disclosing Party; (iii) is independently developed by the Receiving Party without the benefit of any Confidential Information of the Disclosing Party; or (iv) is lawfully obtained by the
Receiving Party from a third party without any obligation of confidentiality to the Disclosing Party. 
 3.2 Successors and Assigns.
Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the parties (including transferees of any shares of Registrable
Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assigns any rights, remedies, obligations or liabilities under or by reason
of this Agreement, except as expressly provided in this Agreement. 
 3.3 Governing Law. This Agreement shall be governed by and
construed under the laws of the State of California, without regard to conflicts of law principles. 
 3.4 Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf) or
other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

  
 24 

 3.5 Titles and Subtitles. The titles and subtitles used in this Agreement are used for
convenience only and are not to be considered in construing or interpreting this Agreement. 
 3.6 Notices. All notices required or
permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not,
then on the next business day; (iii) two (2) days after being sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt; provided, however, that notices sent internationally, if sent by registered or certified mail or internationally recognized carrier, shall be deemed effectively given six
(6) business days after being sent. All communications shall be sent to the address as set forth on the signature page hereof or at such other address as such party may designate by ten (10) days advance written notice to the other parties
hereto pursuant to this Section 3.6. 
 3.7 Amendments and Waivers. Any term of this Agreement may be amended, and the
observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the holders of at least a majority of the Registrable
Securities then outstanding; provided, however, that no such written consent shall be required to add any party who becomes an “Investor” under the Purchase Agreement (through or in connection with any amendment thereto) as an
“Investor” to this Agreement. Notwithstanding the foregoing, (i) no amendment or waiver may treat one Investor or group of Investors more adversely and disproportionately than any other Investor or group of Investors without the
written consent of such Investor or the consent of the holders of at least a majority of the Registrable Securities of the group of Investors adversely and disproportionately affected by such amendment or waiver (and this clause (i) may not be
amended without the consent of the holders of at least a majority of the shares of the Series D Preferred Stock), (ii) none of Section 2.1 or 2.2, this clause (ii) or clause (iv) below may be amended so as to
deny a Series D Investor its rights thereunder or hereunder without the consent of such Series D Investor, (iii) no amendment or waiver of Section 2.1 or Section 2.2 may treat one Major Investor or group of Major
Investors more adversely and disproportionately than any other Major Investor or group of Major Investors without the written consent of such Major Investor or the consent of the holders of a majority of the Registrable Securities of the group of
Major Investors adversely and disproportionately affected by such amendment or waiver (it being agreed that an amendment increasing the minimum share threshold in the definition of “Major Investor” resulting in, with respect to any
Investor then deemed a Major Investor, the exclusion of such Investor from the definition of Major Investor, shall be deemed to treat such Major Investor more adversely and disproportionately than any other Major Investor), and (iv) no Investor
shall participate in the sale of Shares by the Company following a waiver of the right of first offer contained in Section 2.3 unless such waiver includes the holders of at least a majority of the then outstanding shares of Series D
Preferred Stock. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of any Registrable Securities then outstanding, each Investor and each future holder of all such Registrable Securities and the
Company. 

  
 25 

 3.8 Severability. If any of the provisions of this Agreement shall be held by a court or
other tribunal of competent jurisdiction to be illegal, invalid or unenforceable, such provisions shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect. 

3.9 Delays or Omissions; Remedies Cumulative. It is agreed that no delay or omission to exercise any right, power, or remedy accruing
to any party, upon any breach, default or noncompliance by another party under this Agreement, shall impair any such right, power, or remedy, nor shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence
therein, or of any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent, or approval of any kind or character on any party’s part of any breach, default or noncompliance under this
Agreement or any waiver on such party’s part of any provisions or conditions of this Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, by
law, or otherwise afforded to any party, shall be cumulative and not alternative. 
 3.10 Aggregation of Stock. All shares of
Registrable Securities, Preferred Stock or Common Stock held or acquired by affiliated entities or persons (including, in the case of MSIM, Fidelity, T. Rowe or Redmile, Discretionary Accounts) shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement. 
 3.11 Entire Agreement. This Agreement constitutes the full and
entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled (other than any duly
executed and delivered waiver of rights and benefits hereunder by any party or parties to this Agreement). Upon the effectiveness of this Agreement, the Prior Agreement shall be deemed amended and restated and superseded and replaced in its entirety
by this Agreement, and shall be of no further force or effect. 
 3.12 The Wellcome Trust. With respect to its signatory capacity
and liability as the trustee of The Wellcome Trust, The Wellcome Trust Limited (the “Trustee”) enters into this Agreement solely in its capacity as the current trustee of The Wellcome Trust, and it is hereby agreed and
declared that notwithstanding anything to the contrary contained or implied in this Agreement: (a) the obligations incurred by the Trustee under or in consequence of this Agreement shall be enforceable against it or any successor trustee of The
Wellcome Trust; and (b) the liabilities of the Trustee (or such other trustees as are referred to in (a) above) in respect of such obligations shall be limited to such liabilities as can, and may lawfully and properly, be met out of the
assets of The Wellcome Trust in the possession, or under the control, of the Trustee or such other trustees 
 3.13 Massachusetts
Business Trust. A copy of the Agreement and Declaration of Trust of each Investor affiliated with Fidelity or any affiliate thereof is on file with the Secretary of State of the Commonwealth of Massachusetts and notice is hereby given that this
Agreement is executed on behalf of the trustees of such Investor or any affiliate thereof as trustees and not individually and that the obligations of this Agreement are not binding on any 

  
 26 

 
of the trustees, officers or stockholders of such Investor or any affiliate thereof individually but are binding only upon such Investor or any affiliate thereof and its assets and property. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 27 

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

  

			
	COMPANY:
	
	CASTLIGHT HEALTH, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Giovanni Colella

		 	Giovanni Colella
		 	President and Chief Executive Officer

 
			
		
	Address:	 	685 Market Street, Suite 300
		 	San Francisco, CA, 94105

 [SIGNATURE PAGE TO AMENDED AND
RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	ATHENAHEALTH, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Tim Adams

		 	Tim Adams
		 	Chief Financial Officer

  
 [SIGNATURE
PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

 

			
	INVESTORS:
	
	 MAVERICK USA PRIVATE INVESTMENTS,

LLC

	
	By: Maverick Capital, Ltd,, under Power of Attorney effective as of December 30, 2008
		
	By:	 	 /s/ John T. McCafferty

		 	John T. McCafferty
		 	Limited Partner & General Counsel
	
	 Deliver Notices To:
 Maverick
Capital, Ltd.
 300 Crescent Court 18th floor
 Dallas, TX
75201
 [Email]
 Phone: [Phone]

Fax: [Fax]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	MAVERICK FUND PRIVATE INVESTMENTS, LTD.
		
	By:	 	Maverick Capital, Ltd., under Power of Attorney effective as of December 30, 2008
		
	By:	 	 /s/ John T. McCafferty

		 	John T. McCafferty
		 	Limited Partner & General Counsel
	
	 Address:
 Maverick Fund
Private Investments, Ltd.
 c/o Maples Corporate Services Limited

P.O. Box 309
 Ugland House

South Church Street
 Grand Cayman, K41-1104

Cayman Islands
  

Deliver Notices To:
 Maverick Capital, Ltd.

300 Crescent Court, 18th Floor
 Dallas, TX 75201

[Email]
 Phone: [Phone]

Fax: [Fax]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	MAVERICK FUND II, LTD.
		
	By:	 	 /s/ John T. McCafferty

		
	Name:	 	  

		
	Title:	 	  

		
	Address:	 	  

	
	  

	
	  

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	 OAK INVESTMENT PARTNERS XII,

LIMITED PARTNERSHIP

		
	By:	 	its General Partner,
		 	Oak Associates XII, LLC
		
	By:	 	 /s/ Ann H. Lamont

		 	Ann H. Lamont
		 	Managing Member

  

			
	Address:	 	 One Gorham Island
 Westport, CT
06880

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

					
	INVESTORS:
	
	THE CLEVELAND CLINIC FOUNDATION
		
	By:	 	 /s/ Steven C. Glass

		 	Name:	 	Steven C. Glass
		 	Title:	 	Chief Financial Officer

  

			
	Address:	 	 9500 Euclid Avenue, H-18
 Cleveland, OH
44195

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	THE WELLCOME TRUST LIMITED AS TRUSTEE OF THE WELLCOME TRUST
		
	By:	 	 /s/ Nick Moakes

		
	Name:	 	 Nick Moakes

		
	Title:	 	 Head of Public Markets

		
	Address:	 	 215 Euston Road

		
		 	London NW1 2BE
	  

		
		 	United Kingdom
	  

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	VENROCK ASSOCIATES V, L.P.
		
	By:	 	its General Partner,
		 	Venrock Management V, LLC
	
	VENROCK PARTNERS V, L.P.
		
	By:	 	its General Partner,
		 	Venrock Partners Management V, LLC
	
	VENROCK ENTREPRENEURS FUND V, L.P.
		
	By:	 	its General Partner,
		 	VEF Management V, LLC
		
	By:	 	 /s/ signature illegible

 

			
	Address:	 	3340 Hillview Avenue
		 	Palo Alto, CA 94304

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	COLELLA REVOCABLE LIVING TRUST
		
	By:	 	 /s/ Giovanni Colella

		 	Giovanni Colella, Trustee

  

			
	Address:	 	188 Minna Street, Apt. 28D
		 	San Francisco, CA 94105

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

					
	INVESTORS:
	
	Variable Insurance Products Fund IV: Health Care Portfolio
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer
	
	Fidelity Central Investment Portfolios LLC: Fidelity Health Care Central Fund
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer
	
	Fidelity Advisor Series VII: Fidelity Advisor Health Care Fund
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer
	
	Fidelity Select Portfolios: Health Care Portfolio
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

					
	INVESTORS:
	
	Fidelity Select Portfolios: Medical Equipment and Systems Portfolio
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer
	
	Fidelity Contrafund: Fidelity Advisor New Insights Fund
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer
	
	Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund
		
	By:	 	 /s/ John Hebble

		 	Name:	 	John Hebble
		 	Title:	 	Assistant Treasurer

  

					
	Address for Notices to Fidelity Entities:
	
	Andrew Boyd
	Fidelity Investments
	32 Devonshire Street, V13H
	Boston, MA 02109
	Tel: [Telephone]
	Fax: [Fax]
	Email: [Email]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	T. ROWE PRICE ASSOCIATES, INC.
	Investment Adviser for and on behalf of
	Its advisory clients on Attachment A:
	T. Rowe Price Health Sciences Fund, Inc.
	TD Mutual Funds — TD Health Sciences Fund
	Valie Company I — Health Sciences Fund
	T. Rowe Price Health Sciences Portfolio
	John Hancock Variable Insurance Trust — Health Sciences Trust
	John Hancock Funds II — Health Sciences Fund
		
	By:	 	 /s/ Kris H. Jenner

	Name:	 	 Kris H. Jenner

	Title:	 	 Vice President

	
	T. Rowe Price Associates, Inc.
	100 East Pratt Street
	Baltimore. MD 21202
	Attn:	 	Andrew Back, Vice President and Senior Legal Counsel
	Phone:	 	 [Phone]

	E-mail:	 	 [Email]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	T. ROWE PRICE ASSOCIATES, INC.
	Investment Adviser for and on behalf of
	Its advisory clients on Attachment A:
	T. Rowe Price Global Technology Fund. Inc.
	TD Mutual Funds — TD Science & Technology Fund
		
	By:	 	 /s/ David Eiswert

	Name:	 	 David Eiswert

	Title:	 	 Vice President

	
	T. Rowe Price Associates, Inc.
	100 East Pratt Street
	Baltimore. MD 21202
	Attn:	 	Andrew Back, Vice President and Senior Legal Counsel
	Phone:	 	 [Phone]

	E-mail:	 	 [Email]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	T. ROWE PRICE ASSOCIATES, INC.
	Investment Adviser for and on behalf of
	Its advisory clients on Attachment A:
	T. Rowe Price New Horizons Fund, Inc.
	T. Rowe Price New Horizons Trust
	T. Rowe Price U.S. Equities Trust
		
	By:	 	 /s/ John H. Laporte

	Name:	 	 John H. Laporte

	Title:	 	 Vice President

	
	T. Rowe Price Associates, Inc.
	100 East Pratt Street
	Baltimore. MD 21202
	Attn:	 	Andrew Back, Vice President and Senior Legal Counsel
	Phone:	 	 [Phone]

	E-mail:	 	 [Email]

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	BAMCO, Inc., as Investment Adviser to Baron Growth Fund
		
	By:	 	 /s/ Patrick M. Patalino

	Name:	 	Patrick M. Patalino
	Title:	 	General Counsel
	
	BAMCO, Inc., as Investment Adviser to Baron Opportunity Fund
		
	By:	 	 /s/ Patrick M. Patalino

	Name:	 	Patrick M. Patalino
	Title:	 	General Counsel

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	Redmile Capital Fund, LP
		
	By:	 	 /s/ Jeremy Green

	Name:	 	Jeremy Green
	Title:	 	Managing Member of the Investment
	Manager (Redmile Group, LLC) and the General Partner (Redmile Group (GP), LLC)
	
	Redmile Capital Offshore Fund, Ltd.
		
	By:	 	 /s/ Jeremy Green

	Name:	 	Jeremy Green
	Title:	 	Managing Member of the Investment
	Manager (Redmile Group, LLC)
	
	Redmile Capital Offshore Fund II, Ltd.
		
	By:	 	 /s/ Jeremy Green

	Name:	 	Jeremy Green
	Title:	 	Managing Member of the Investment
	Manager (Redmile Group, LLC)
	
	Redmile Special Opportunities Fund, Ltd.
		
	By:	 	 /s/ Jeremy Green

	Name:	 	Jeremy Green
	Title:	 	Managing Member of the Investment
	Manager (Redmile Group, LLC)
	
	Redmile Ventures, LLC
		
	By:	 	 /s/ Jeremy Green

	Name:	 	Jeremy Green
	Title:	 	Managing Member

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	Allen & Company LLC, as nominee for itself and certain employees
		
	By:	 	 /s/ Patrick DiIorio

	Name:	 	Patrick DiIorio
	Title:	 	General Counsel
	
	Deliver Notices To:
	Allen & Company
	711 Fifth Avenue
	 New York, NY 10022
 c/o Gene
Protash

  
 [SIGNATURE PAGE TO
AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT] 

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

  

			
	INVESTORS:
	
	U.S. Venture Partners X, L.P.
	USVP X Affiliates, L.P.
	By Presidio Management Group X, L.L.C.
	The General Partner of Each
		
	By:	 	 /s/ Michael P. Maher

		 	Michael P. Maher, Attorney-in-Fact

  

			
	Address:
	2735 Sand Hill Road
	Menlo Park CA 94025
	Attn: Chief Financial Officer
	Fax: [Fax]
	Email: [Email]

 EXHIBIT A 

Schedule of Investors 
 Alan Garber 

Allen & Company LLC 
 Anshul Amar 

Asha Rajagopal 
 athenahealth, Inc. 

Baron Growth Fund 
 Baron Opportunity Fund 

Bell Atlantic Master Trust 
 Colella Revocable Living Trust 

David Knott 
 Fidelity Central Investment Portfolios LLC: Fidelity
Health Care Central Fund 
 Fidelity Advisor Series VII: Fidelity Advisor Health Care Fund 

Fidelity Select Portfolios: Health Care Portfolio 
 Fidelity
Select Portfolios: Medical Equipment and Systems Portfolio 
 Fidelity Contrafund: Fidelity Advisor New Insights Fund 

Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund 

Heather Kagin 
 Heather Kennedy 

James Griswold 
 Maverick Fund Private Investments, Ltd. 

Maverick USA Private Investments, LLC 
 Maverick Fund II, Ltd.

 MDV LLC 
 Michael Battaglia 

Morgan Stanley Investment Management, on behalf of its Discretionary Accounts 

Nandita Sommers 
 Naomi Allen 

Oak Investment Partners XII, L.P. 
 Pershing LLC, FBO Charles W
Ott, Indiv 401k 
 Randall J. Womack 
 Redmile Capital Fund, LP

 Redmile Capital Offshore Fund, Ltd. 
 Redmile Capital
Offshore Fund II, Ltd. 
 Redmile Ventures, LLC 
 Redmile
Special Opportunities Fund, ltd. 
 Sam Zucker 

 Saravanan Chettiar 

Tara Bass 
 T. Rowe Price New Horizons Fund, Inc. 

T. Rowe Price New Horizons Trust 
 T. Rowe Price U.S. Equities
Trust 
 T. Rowe Price Health Sciences Fund, Inc. 
 TD Mutual
Funds – TD Health Sciences Fund 
 VALIC Company I - Health Sciences Fund 

T. Rowe Price Health Sciences Portfolio 
 John Hancock Variable
Insurance Trust - Health Sciences Trust 
 John Hancock Funds II - Health Sciences Fund 

T. Rowe Price Global Technology Fund, Inc. 
 TD Mutual Funds - TD
Science & Technology Fund 
 TD Mutual Funds – TD Health Sciences Fund 

The Bravata-Patterson Family Trust 
 The Cleveland Clinic
Foundation 
 The Ethan Prater and Anjali Kalyani Living Trust 

The Wellcome Trust Limited as Trustee of The Wellcome Trust 
 U.S.
Venture Partners X, L.P. 
 USVP X Affiliates, L.P. 
 Variable
Insurance Products Fund IV: Health Care Portfolio 
 Venrock Affiliates, L.P. 

Venrock Associates V, L.P. 
 Venrock Entrepreneurs Fund V, L.P.

 Venrock Partners V, L.P.EX-10.2

 Exhibit 10.2 

CASTLIGHT HEALTH, INC. 

2008 STOCK INCENTIVE PLAN 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
			
	1.	  	PURPOSE OF THE PLAN	  	 	1	  
			
	2.	  	ADMINISTRATION	  	 	1	  
				
		  	2.1	  	Administrator	  	 	1	  
				
		  	2.2	  	Plan Awards; Interpretation; Powers of Administrator	  	 	2	  
				
		  	2.3	  	Binding Determinations	  	 	3	  
				
		  	2.4	  	Reliance on Experts	  	 	3	  
				
		  	2.5	  	Delegation	  	 	3	  
			
	3.	  	ELIGIBILITY	  	 	3	  
			
	4.	  	STOCK SUBJECT TO THE PLAN	  	 	4	  
				
		  	4.1	  	Shares Available	  	 	4	  
				
		  	4.2	  	Share Limits	  	 	4	  
				
		  	4.3	  	Replenishment and Reissue of Unvested Awards	  	 	4	  
				
		  	4.4	  	Reservation of Shares	  	 	5	  
			
	5.	  	OPTION GRANT PROGRAM	  	 	5	  
				
		  	5.1	  	Option Grants in General	  	 	5	  
				
		  	5.2	  	Types of Options	  	 	5	  
				
		  	5.3	  	Option Price	  	 	6	  
				
		  	5.4	  	Vesting; Term; Exercise Procedure	  	 	8	  
				
		  	5.5	  	Limitations on Grant and Terms of Incentive Stock Options	  	 	8	  
				
		  	5.6	  	Effects of Termination of Employment on Options	  	 	9	  
				
		  	5.7	  	Option Repricing/Cancellation and Regrant/Waiver of Restrictions	  	 	10	  
				
		  	5.8	  	Early Exercise Options	  	 	11	  
			
	6.	  	STOCK AWARD PROGRAM	  	 	11	  
				
		  	6.1	  	Stock Awards in General	  	 	11	  
				
		  	6.2	  	Types of Stock Awards	  	 	12	  
				
		  	6.3	  	Purchase Price	  	 	12	  
				
		  	6.4	  	Vesting	  	 	12	  
				
		  	6.5	  	Term	  	 	12	  
				
		  	6.6	  	Stock Certificates; Fractional Shares	  	 	12	  
				
		  	6.7	  	Dividend and Voting Rights	  	 	12	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
				
		  	6.8	  	Termination of Employment; Return to the Corporation	  	 	13	  
				
		  	6.9	  	Waiver of Restrictions	  	 	13	  
			
	7.	  	PROVISIONS APPLICABLE TO ALL AWARDS	  	 	13	  
				
		  	7.1	  	Rights of Eligible Persons, Participants and Beneficiaries	  	 	13	  
				
		  	7.2	  	No Transferability; Limited Exception to Transfer Restrictions	  	 	14	  
				
		  	7.3	  	Adjustments; Changes in Control	  	 	15	  
				
		  	7.4	  	Termination of Employment or Services	  	 	19	  
				
		  	7.5	  	Compliance with Laws	  	 	20	  
				
		  	7.6	  	Tax Withholding	  	 	22	  
				
		  	7.7	  	Plan and Award Amendments, Termination and Suspension	  	 	23	  
				
		  	7.8	  	Privileges of Stock Ownership	  	 	24	  
				
		  	7.9	  	Stock-Based Awards in Substitution for Awards Granted by Other Corporation	  	 	24	  
				
		  	7.10	  	Effective Date of the Plan	  	 	24	  
				
		  	7.11	  	Term of the Plan	  	 	24	  
				
		  	7.12	  	Governing Law/Severability	  	 	24	  
				
		  	7.13	  	Captions	  	 	25	  
				
		  	7.14	  	Non-Exclusivity of Plan	  	 	25	  
				
		  	7.15	  	No Restriction on Corporate Powers	  	 	25	  
				
		  	7.16	  	Other Company Compensation or Benefit Programs	  	 	25	  
			
	8.	  	DEFINITIONS	  	 	26	  

  
 -ii- 

 CASTLIGHT HEALTH, INC. 

2008 STOCK INCENTIVE
PLAN† 

PREFACE 
 This
Plan is divided into two separate equity programs: (1) the option grant program set forth in Section 5 under which Eligible Persons (as defined in Section 3) may, at the discretion of the Administrator, be granted Options, and
(2) the stock award program set forth in Section 6 under which Eligible Persons may, at the discretion of the Administrator, be awarded restricted or unrestricted shares of Common Stock. Section 2 of this Plan contains the general
rules regarding the administration of this Plan. Section 3 sets forth the requirements for eligibility to receive an Award grant under this Plan. Section 4 describes the capital stock of the Corporation that may be subject to Awards
granted under this Plan. Section 7 contains other provisions applicable to all Awards granted under this Plan. Section 8 provides definitions for certain capitalized terms used in this Plan and not otherwise defined herein. 

 

	1.	PURPOSE OF THE PLAN. 

 The purpose of this Plan is to promote the success of the
Corporation and the interests of its stockholders by providing a means through which the Corporation may grant equity-based incentives to attract, motivate, retain and reward certain officers, employees, directors and other eligible persons and to
further link the interests of Award recipients with those of the Corporation’s stockholders generally. 
  

	2.	ADMINISTRATION. 

  

	 	2.1	Administrator. This Plan shall be administered by and all Awards under this Plan shall be authorized by the Administrator. The “Administrator” means the Board or one or more
committees appointed by the Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised solely of one or more directors or such number of directors as may be
required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors may also delegate, to the extent permitted by Section 157(c) of the
Delaware General Corporation Law and any other applicable law, to one or more officers of the Corporation, its powers under this Plan (a) to designate the officers and employees of the Corporation and its Affiliates who will receive grants of
Awards under this Plan, and (b) to determine the number of shares subject to, and the other terms and conditions of, such Awards. The Board may delegate different levels of authority to different committees with administrative and grant
authority under this Plan. Unless otherwise provided in the Bylaws of the Corporation or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of
a majority of the members present 

  

	† 	Plan initially adopted April 3, 2008. Amended to increase Share Limit (Section 4.2) on November 6, 2008, February 10, 2010, June 18, 2010, November 9, 2010 and July 21, 2011

  
 1 

	 	
assuming the presence of a quorum or the unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator. 

 

	 	2.2	Plan Awards; Interpretation; Powers of Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do all things necessary or desirable in
connection with the authorization of Awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within the authority delegated to that committee or person(s)), including, without limitation, the
authority to: 

  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive Awards; 

 

	 	(b)	grant Awards to Eligible Persons, determine the price and number of securities to be offered or awarded to any of such persons, determine the other specific terms and conditions of Awards consistent with the express
limits of this Plan, establish the installments (if any) in which such Awards will become exercisable or will vest (which may include, without limitation, performance and/or time-based schedules) or determine that no delayed exercisability or
vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such Awards; 

  

	 	(c)	approve the forms of Award Agreements, which need not be identical either as to type of Award or among Participants; 

  

	 	(d)	construe and interpret this Plan and any Award Agreement or other agreements defining the rights and obligations of the Corporation, its Affiliates, and Participants under this Plan, make factual determinations with
respect to the administration of this Plan, further define the terms used in this Plan, and prescribe, amend and rescind rules and regulations relating to the administration of this Plan or the Awards; 

 

	 	(e)	cancel, modify, or waive the Corporation’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding Awards, subject to any required consent under Section 7.7.4;

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all outstanding Awards (within the maximum ten-year term of Awards under Sections 5.4.2 and 6.5) in such circumstances as the Administrator
may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature); 

  

	 	(g)	determine Fair Market Value for purposes of this Plan and Awards; 

  

	 	(h)	determine the duration and purposes of leaves of absence that may be granted to Participants without constituting a termination of their employment for purposes of this Plan; and 

  
 2 

	 	(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7.3 hereof and authorize the termination, conversion, substitution or succession of awards upon the occurrence of an event of
the type described in Section 7.3. 

  

	 	2.3	Binding Determinations. Any action taken by, or inaction of, the Corporation, any Affiliate, the Board or the Administrator relating or pursuant to this Plan and within its authority hereunder or
under applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor the Administrator, nor any member thereof or person acting at the direction thereof,
shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any Award), and all such persons shall be entitled to indemnification and reimbursement by the Corporation in
respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers liability insurance coverage that may
be in effect from time to time. 

  

	 	2.4	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator may obtain and may rely upon the advice of experts, including employees of
and professional advisors to the Corporation. No director, officer or agent of the Corporation or any of its Affiliates shall be liable for any such action or determination taken or made or omitted in good faith. 

 

	 	2.5	Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Corporation or any of its Affiliates or to third parties.

  

	3.	ELIGIBILITY. 

 Awards may be granted under this Plan only to those persons that
the Administrator determines to be Eligible Persons. An “Eligible Person” means any person who qualifies as one of the following at the time of grant of the respective Award: 

 

	 	(a)	an officer (whether or not a director) or employee of the Corporation or any of its Affiliates; 

  

	 	(b)	any member of the Board; or 

  

	 	(c)	any director of one of the Corporation’s Affiliates, or any individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering or sale of securities
of the Corporation or one of its Affiliates, as applicable, in a capital raising transaction or as a market maker or promoter of that entity’s securities) to the Corporation or one of its Affiliates. 

An advisor or consultant may be selected as an Eligible Person pursuant to clause (c) above only if such person’s participation in
this Plan would not adversely affect (1) the 

  
 3 

 
Corporation’s eligibility to rely on the Rule 701 exemption from registration under the Securities Act for the offering of shares issuable under this Plan by the Corporation, or (2) the
Corporation’s compliance with any other applicable laws. 
 An Eligible Person may, but need not, be granted one or more Awards pursuant
to Section 5 and/or one or more Awards pursuant to Section 6. An Eligible Person who has been granted an Award under this Plan may, if otherwise eligible, be granted additional Awards under this Plan if the Administrator so determines.
However, a person’s status as an Eligible Person is not a commitment that any Award will be granted to that person under this Plan. Furthermore, an Eligible Person who has been granted an Award under Section 5 is not necessarily entitled
to an Award under Section 6, or vice versa, unless otherwise expressly determined by the Administrator. 
 Each Award granted under this
Plan must be approved by the Administrator at or prior to the grant of the Award. 
  

	4.	STOCK SUBJECT TO THE PLAN. 

  

	 	4.1	Shares Available. Subject to the provisions of Section 7.3.1, the capital stock that may be delivered under this Plan will be shares of the Corporation’s authorized but unissued Common
Stock and any of its shares of Common Stock held as treasury shares. The shares of Common Stock issued and delivered may be issued and delivered for any lawful consideration. 

 

	 	4.2	Share Limits. Subject to the provisions of Section 7.3.1 and further subject to the share counting rules of Section 4.3, the maximum number of shares of Common Stock that may be delivered
pursuant to Awards granted under this Plan will not exceed 11,916,754 shares (the “Share Limit”) in the aggregate. As required under Treasury Regulation Section 1.422-2(b)(3)(i), in no event will the number of shares of Common
Stock that may be delivered pursuant to Incentive Stock Options granted under this Plan exceed the Share Limit. 

  

	 	4.3	 Replenishment and Reissue of Unvested Awards. To the extent that an Award is settled in cash or a form other than shares of
Common Stock, the shares that would have been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. No Award may be granted under this Plan unless, on the date of
grant, the sum of (a) the maximum number of shares of Common Stock issuable at any time pursuant to such Award, plus (b) the number of shares of Common Stock that have previously been issued pursuant to Awards granted under this Plan, plus
(c) the maximum number of shares of Common Stock that may be issued at any time after such date of grant pursuant to Awards that are outstanding on such date, does not exceed the Share Limit. Shares of Common Stock that are subject to or
underlie Options granted under this Plan that expire or for any reason are canceled or terminated without having been exercised (or shares of Common Stock subject to or underlying the unexercised portion of such Options in the case of Options that
were partially exercised), as well as shares of Common Stock that are subject to Stock Awards made under this Plan that are forfeited to the Corporation or 

  
 4 

	 	
otherwise repurchased by the Corporation prior to the vesting of such shares for a price not greater than the original purchase or issue price of such shares (as adjusted pursuant to
Section 7.3.1) will again, except to the extent prohibited by law or applicable listing or regulatory requirements (and subject to any applicable limitations of the Code in the case of Awards intended to be Incentive Stock Options), be
available for subsequent Award grants under this Plan. Shares that are exchanged by a Participant or withheld by the Corporation as full or partial payment in connection with any Award under this Plan, as well as any shares exchanged by a
Participant or withheld by the Corporation or one of its Affiliates to satisfy the tax withholding obligations related to any Award, shall be available for subsequent Awards under this Plan. 

 

	 	4.4	Reservation of Shares. The Corporation shall at all times reserve a number of shares of Common Stock sufficient to cover the Corporation’s obligations and contingent obligations to deliver
shares with respect to Awards then outstanding under this Plan. 

  

	5.	OPTION GRANT PROGRAM. 

  

	 	5.1	Option Grants in General. Each Option shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement evidencing an Option shall contain the terms established
by the Administrator for that Option, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Option or any shares of Common Stock subject to the Option; in each case subject to the applicable provisions and
limitations of this Section 5 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of an Option promptly execute and return to the Corporation his or her Award Agreement evidencing
the Option. In addition, the Administrator may require that the spouse of any married recipient of an Option also promptly execute and return to the Corporation the Award Agreement evidencing the Option granted to the recipient or such other spousal
consent form that the Administrator may require in connection with the grant of the Option. 

  

	 	5.2	Types of Options. The Administrator will designate each Option granted under this Plan as either an Incentive Stock Option or a Nonqualified Stock Option, and such designation shall be set forth in
the applicable Award Agreement. Any Option granted under this Plan that is not expressly designated in the applicable Award Agreement as an Incentive Stock Option will be deemed to be designated a Nonqualified Stock Option under this Plan and not an
“incentive stock option” within the meaning of Section 422 of the Code. Incentive Stock Options shall be subject to the provisions of Section 5.5 in addition to the provisions of this Plan applicable to Options generally. The
Administrator may, in its discretion, designate any Option as an “early exercise option” pursuant to Section 5.8. 

  
 5 

	 	5.3	Option Price. 

  

	 	5.3.1	Pricing Limits. Subject to the following provisions of this Section 5.3.1, the Administrator will determine the purchase price per share of the Common Stock covered by each Option (the “exercise
price” of the Option) at the time of the grant of the Option, which exercise price will be set forth in the applicable Award Agreement. In no case will the exercise price of an Option be less than the greater of: 

 

	 	(a)	the par value of the Common Stock; 

  

	 	(b)	in the case of an Incentive Stock Option and subject to clause (c) below, 100% of the Fair Market Value of the Common Stock on the date of grant; or 

 

	 	(c)	in the case of an Incentive Stock Option granted to a Participant described in Section 5.5.4, 110% of the Fair Market Value of the Common Stock on the date of grant. 

 

	 	5.3.2	Payment Provisions. The Corporation will not be obligated to deliver certificates for the shares of Common Stock to be purchased on exercise of an Option unless and until it receives full payment of the
exercise price therefor, all related withholding obligations under Section 7.6 have been satisfied, and all other conditions to the exercise of the Option set forth herein or in the Award Agreement have been satisfied. The purchase price of any
shares of Common Stock purchased on exercise of an Option must be paid in full at the time of each purchase in such lawful consideration as may be permitted or required by the Administrator, which may include, without limitation, one or a
combination of the following methods: 

  

	 	(a)	cash, check payable to the order of the Corporation, or electronic funds transfer; 

  

	 	(b)	notice and third party payment in such manner as may be authorized by the Administrator; 

  

	 	(c)	the delivery of previously owned shares of Common Stock; 

  

	 	(d)	by a reduction in the number of shares of Common Stock otherwise deliverable pursuant to the Award; 

  

	 	(e)	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise”; or 

  

	 	(f)	if authorized by the Administrator or specified in the applicable Award Agreement, by a promissory note of the Participant consistent with the requirements of Section 5.3.3. 

  
 6 

 In no event shall any shares newly-issued by the Corporation be issued for less than the minimum
lawful consideration for such shares or for consideration other than consideration permitted by applicable state law. Shares of Common Stock used to satisfy the exercise price of an Option (whether previously-owned shares or shares otherwise
deliverable pursuant to the terms of the Option) shall be valued at their Fair Market Value on the date of exercise. Unless otherwise expressly provided in the applicable Award Agreement, the Administrator may eliminate or limit a Participant’s
ability to pay the purchase or exercise price of any Award by any method other than cash payment to the Corporation. 
  

	 	5.3.3	Acceptance of Notes to Finance Exercise. The Corporation may, with the Administrator’s approval in each specific case, accept one or more promissory notes from any Eligible Person in connection with
the exercise of any Option; provided that any such note shall be subject to the following terms and conditions: 

  

	 	(a)	The principal of the note shall not exceed the amount required to be paid to the Corporation upon the exercise, purchase or acquisition of one or more Awards under this Plan and the note shall be delivered directly to
the Corporation in consideration of such exercise, purchase or acquisition. 

  

	 	(b)	The initial term of the note shall be determined by the Administrator; provided that the term of the note, including extensions, shall not exceed a period of five years. 

 

	 	(c)	The note shall provide for full recourse to the Participant and shall bear interest at a rate determined by the Administrator, but not less than the interest rate necessary to avoid the imputation of interest under the
Code and to avoid any adverse accounting consequences in connection with the exercise, purchase or acquisition. 

  

	 	(d)	If the employment or services of the Participant by or to the Corporation and its Affiliates terminates, the unpaid principal balance of the note shall become due and payable on the 30th business day after such
termination; provided, however, that if a sale of the shares acquired on exercise of the Option would cause such Participant to incur liability under Section 16(b) of the Exchange Act, the unpaid balance shall become due and payable on the 10th
business day after the first day on which a sale of such shares could have been made without incurring such liability assuming for these purposes that there are no other transactions (or deemed transactions) in securities of the Corporation by the
Participant subsequent to such termination. 

  
 7 

	 	(e)	If required by the Administrator or by applicable law, the note shall be secured by a pledge of any shares or rights financed thereby or other collateral, in compliance with applicable law. 

The terms, repayment provisions, and collateral release provisions of the note and the pledge securing the note shall conform with all
applicable rules and regulations, including those of the Federal Reserve Board and any applicable state law, as then in effect. 
  

	 	5.4	Vesting; Term; Exercise Procedure. 

  

	 	5.4.1	Vesting. Except as provided in Section 5.8, an Option may be exercised only to the extent that it is vested and exercisable. The Administrator will determine the vesting and/or exercisability
provisions of each Option (which may be based on performance criteria, passage of time or other factors or any combination thereof), which provisions will be set forth in the applicable Award Agreement. Unless the Administrator otherwise expressly
provides, once exercisable an Option will remain exercisable until the expiration or earlier termination of the Option. 

  

	 	5.4.2	Term. Each Option shall expire not more than 10 years after its date of grant. Each Option will be subject to earlier termination as provided in or pursuant to Sections 5.7 and 7.3. 

 

	 	5.4.3	Exercise Procedure. Any exercisable Option will be deemed to be exercised when the Corporation receives written notice of such exercise from the Participant (on a form and in such manner as may be required
by the Administrator), together with any required payment made in accordance with Section 5.3 and Section 7.6 and any written statement required pursuant to Section 7.5.1. 

 

	 	5.4.4	Fractional Shares/Minimum Issue. Fractional share interests will be disregarded, but may be accumulated. The Administrator, however, may determine that cash, other securities, or other property will be
paid or transferred in lieu of any fractional share interests. No fewer than 100 shares (subject to adjustment pursuant to Section 7.3.1) may be purchased on exercise of any Option at one time unless the number purchased is the total number at
the time available for purchase under the Option. 

  

	 	5.5	Limitations on Grant and Terms of Incentive Stock Options. 

  

	 	5.5.1	 $100,000 Limit. To the extent that the aggregate Fair Market Value of stock with respect to which incentive stock options first become
exercisable by a Participant in any calendar year exceeds $100,000, taking into account both Common Stock subject to Incentive Stock Options under this Plan and stock subject to incentive stock options under all other plans of the Corporation or any
of its Affiliates, such options will be treated as nonqualified stock options. For this purpose, the Fair Market Value of the stock subject to options will be determined as of the date the options were

  
 8 

	 	
awarded. In reducing the number of options treated as incentive stock options to meet the $100,000 limit, the most recently granted options will be reduced (recharacterized as nonqualified stock
options) first. To the extent a reduction of simultaneously granted options is necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which shares of Common Stock are to be treated as
shares acquired pursuant to the exercise of an incentive stock option. 

  

	 	5.5.2	Other Code Limits. Incentive Stock Options may only be granted to individuals that are employees of the Corporation or one of its Affiliates and satisfy the other eligibility requirements of the Code. Any
Award Agreement relating to Incentive Stock Options will contain or shall be deemed to contain such other terms and conditions as from time to time are required in order that the Option be an “incentive stock option” as that term is
defined in Section 422 of the Code. 

  

	 	5.5.3	ISO Notice of Sale Requirement. Any Participant who exercises an Incentive Stock Option shall give prompt written notice to the Corporation of any sale or other transfer of the shares of Common Stock
acquired on such exercise if the sale or other transfer occurs within (a) one year after the exercise date of the Option, or (b) two years after the grant date of the Option. 

 

	 	5.5.4	Limits on 10% Holders. No Incentive Stock Option may be granted to any person who, at the time the Incentive Stock Option is granted, owns (or is deemed to own under Section 424(d) of the Code) shares
of outstanding stock of the Corporation (or any of its Affiliates) possessing more than 10% of the total combined voting power of all classes of stock of the Corporation (or any of its Affiliates), unless the exercise price of such Incentive Stock
Option is at least 110% of the Fair Market Value of the stock subject to the Incentive Stock Option and the Incentive Stock Option by its terms is not exercisable more than five years after the date the Incentive Stock Option is granted.

  

	 	5.6	Effects of Termination of Employment on Options. 

  

	 	5.6.1	Dismissal for Cause. Unless otherwise provided in the Award Agreement and subject to earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment
by or service to the Corporation or any of its Affiliates is terminated by such entity for Cause, the Participant’s Option will terminate on the Participant’s Severance Date, whether or not the Option is then vested and/or exercisable.

  

	 	5.6.2	 Death or Disability. Unless otherwise provided in the Award Agreement (consistent with applicable securities laws) and subject to
earlier termination pursuant to or as contemplated by Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Corporation or any of its 

  
 9 

	 	
Affiliates terminates as a result of the Participant’s death or Total Disability: 

  

	 	(a)	the Participant (or his or her Personal Representative or Beneficiary, in the case of the Participant’s Total Disability or death, respectively), will have until the date that is 12 months after the
Participant’s Severance Date to exercise the Participant’s Option (or portion thereof) to the extent that it was vested and exercisable on the Severance Date; 

 

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 12-month period following the Participant’s Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the
12-month period. 

  

	 	5.6.3	Other Terminations of Employment. Unless otherwise provided in the Award Agreement (consistent with applicable securities laws) and subject to earlier termination pursuant to or as contemplated by
Section 5.4.2 or 7.3, if a Participant’s employment by or service to the Corporation or any of its Affiliates terminates for any reason other than a termination by such entity for Cause or because of the Participant’s death or Total
Disability: 

  

	 	(a)	the Participant will have until the date that is 3 months after the Participant’s Severance Date to exercise his or her Option (or portion thereof) to the extent that it was vested and exercisable on the Severance
Date; 

  

	 	(b)	the Option, to the extent not vested and exercisable on the Participant’s Severance Date, shall terminate on the Severance Date; and 

 

	 	(c)	the Option, to the extent exercisable for the 3-month period following the Participant’s Severance Date and not exercised during such period, shall terminate at the close of business on the last day of the 3-month
period. 

  

	 	5.7	 Option Repricing/Cancellation and Regrant/Waiver of Restrictions. Subject to Section 4 and Section 7.7
and the specific limitations on Options contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases only, for the benefit of any Eligible Person, any adjustment in the exercise price, the vesting
schedule, the number of shares subject to, or the term of, an Option granted under this Plan by cancellation of an outstanding Option and a subsequent regranting of the Option, by amendment, by substitution of an outstanding Option, by waiver or by
other legally valid means. Such amendment or other action may result in, among other changes, an exercise price that is higher 

  
 10 

	 	
or lower than the exercise price of the original or prior Option, provide for a greater or lesser number of shares of Common Stock subject to the Option, or provide for a longer or shorter
vesting or exercise period. 

  

	 	5.8	Early Exercise Options. The Administrator may, in its discretion, designate any Option as an “early exercise” Option which, by express provision in the applicable Award
Agreement, may be exercised prior to the date such Option has vested. If the Participant elects to exercise all or a portion of any such Option before it is vested, the shares of Common Stock acquired under the Option which are attributable to the
unvested portion of the Option shall be Restricted Shares. The applicable Award Agreement will specify the extent (if any) to which and the time (if ever) at which the Participant will be entitled to dividends, voting and other rights in respect of
such Restricted Shares prior to vesting, and the restrictions imposed on such shares and the conditions of release or lapse of such restrictions. Unless otherwise expressly provided in the applicable Award Agreement, such Restricted Shares shall be
subject to the provisions of Sections 6.6 through 6.9, below. 

  

	 	5.9	Information to Optionees. If the Corporation is relying on the exemption from registration under Section 12(g) of the Exchange Act, pursuant to Rule 12h-1(f)(1) promulgated under the Exchange Act,
then the Corporation shall provide the Required Information (as defined below) in the manner required by Rule 12h-1(f)(1) to all optionees every six months until the Corporation becomes subject to the reporting requirements of Section 13 or
15(d) of the Exchange Act or is no longer relying on the exemption pursuant to Rule 12h-1(f)(1); provided, that, prior to receiving access to the Required Information the optionee must agree to keep the Required Information
confidential pursuant to a written agreement in the form provided by the Corporation. For purposes of this Section 5.9, “Required Information” means the information described in Rules 701(e)(3), (4) and
(5) under the Securities Act. 

  

	6.	STOCK AWARD PROGRAM. 

  

	 	6.1	Stock Awards in General. Each Stock Award shall be evidenced by an Award Agreement in the form approved by the Administrator. The Award Agreement evidencing a Stock Award shall contain the terms
established by the Administrator for that Stock Award, as well as any other terms, provisions, or restrictions that the Administrator may impose on the Stock Award; in each case subject to the applicable provisions and limitations of this
Section 6 and the other applicable provisions and limitations of this Plan. The Administrator may require that the recipient of a Stock Award promptly execute and return to the Corporation his or her Award Agreement evidencing the Stock Award.
In addition, the Administrator may require that the spouse of any married recipient of a Stock Award also promptly execute and return to the Corporation the Award Agreement evidencing the Stock Award granted to the recipient or such other spousal
consent form that the Administrator may require in connection with the grant of the Stock Award. 

  
 11 

	 	6.2	Types of Stock Awards. The Administrator shall designate whether a Stock Award shall be a Restricted Stock Award, and such designation shall be set forth in the applicable Award Agreement.

  

	 	6.3	Purchase Price. 

  

	 	6.3.1	Pricing Limits. Subject to the following provisions of this Section 6.3, the Administrator will determine the purchase price per share of the Common Stock covered by each Stock Award at the time of
grant of the Award. In no case will such purchase price be less than the par value of the Common Stock. 

  

	 	6.3.2	Payment Provisions. The Corporation will not be obligated to issue certificates evidencing shares of Common Stock awarded under this Section 6 unless and until it receives full payment of the purchase
price therefor and all other conditions to the purchase, as determined by the Administrator, have been satisfied. The purchase price of any shares subject to a Stock Award must be paid in full at the time of the purchase in such lawful consideration
as may be permitted or required by the Administrator, which may include, without limitation, one or a combination of the methods set forth in clauses (a) through (f) in Section 5.3.2 and/or past services rendered to the Corporation or
any of its Affiliates. 

  

	 	6.4	Vesting. The restrictions imposed on the shares of Common Stock subject to a Restricted Stock Award (which may be based on performance criteria, passage of time or other factors or any combination
thereof) will be set forth in the applicable Award Agreement. 

  

	 	6.5	Term. A Stock Award shall either vest or be forfeited not more than 10 years after the date of grant. Each Stock Award will be subject to earlier termination as provided in or pursuant to Sections 6.8 and
7.3. Any payment of cash or delivery of stock in payment for a Stock Award may be delayed until a future date if specifically authorized by the Administrator in writing and by the Participant. 

 

	 	6.6	Stock Certificates; Fractional Shares. Stock certificates evidencing Restricted Shares will bear a legend making appropriate reference to the restrictions imposed hereunder and
will be held by the Corporation or by a third party designated by the Administrator until the restrictions on such shares have lapsed, the shares have vested in accordance with the provisions of the Award Agreement and Section 6.4, and any
related loan has been repaid. Fractional share interests will be disregarded, but may be accumulated. The Administrator, however, may determine that cash, other securities, or other property will be paid or transferred in lieu of any fractional
share interests. 

  

	 	6.7	 Dividend and Voting Rights. Unless otherwise provided in the applicable Award Agreement, a Participant receiving Restricted Shares will
be entitled to cash dividend and voting rights for all Restricted Shares issued even though they are 

  
 12 

	 	
not vested, but such rights will terminate immediately as to any Restricted Shares which cease to be eligible for vesting. 

 

	 	6.8	Termination of Employment; Return to the Corporation. Unless the Administrator otherwise expressly provides, Restricted Shares subject to an Award that remain subject to vesting conditions that have
not been satisfied by the time specified in the applicable Award Agreement (which may include, without limitation, the Participant’s Severance Date), will not vest and will be reacquired by the Corporation in such manner and on such terms as
the Administrator provides, which terms shall include return or repayment of the lower of (a) the Fair Market Value of the Restricted Shares at the time of the termination, or (b) the original purchase price of the Restricted
Shares, without interest, to the Participant to the extent not prohibited by law. The Award Agreement shall specify any other terms or conditions of the repurchase if the Award fails to vest. Any other Stock Award that has not been exercised as of a
Participant’s Severance Date shall terminate on that date unless otherwise expressly provided by the Administrator in the applicable Award Agreement. 

  

	 	6.9	Waiver of Restrictions. Subject to Sections 4 and 7.7 and the specific limitations on Stock Awards contained in this Plan, the Administrator from time to time may authorize, generally or in specific cases
only, for the benefit of any Eligible Person, any adjustment in the vesting schedule, or the restrictions upon or the term of, a Stock Award granted under this Plan by amendment, by substitution of an outstanding Stock Award, by waiver or by other
legally valid means. 

  

	7.	PROVISIONS APPLICABLE TO ALL AWARDS. 

  

	 	7.1	Rights of Eligible Persons, Participants and Beneficiaries. 

  

	 	7.1.1	Employment Status. No person shall have any claim or rights to be granted an Award (or additional Awards, as the case may be) under this Plan, subject to any express contractual rights (set forth in a
document other than this Plan) to the contrary. 

  

	 	7.1.2	No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or related to any Award) shall confer upon any Eligible Person or Participant any right to continue
in the employ or other service of the Corporation or any of its Affiliates, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will, nor shall interfere in any way with the right
of the Corporation or any Affiliate to change such person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause at any time. Nothing in this Section 7.1.2, or in Section 7.3 or
7.15, however, is intended to adversely affect any express independent right of such person under a separate employment or service contract. An Award Agreement shall not constitute a contract of employment or service. 

  
 13 

	 	7.1.3	Plan Not Funded. Awards payable under this Plan will be payable in shares of Common Stock or from the general assets of the Corporation, and (except as to the share reservation provided in
Section 4.4) no special or separate reserve, fund or deposit will be made to assure payment of such Awards. No Participant, Beneficiary or other person will have any right, title or interest in any fund or in any specific asset (including
shares of Common Stock, except as expressly provided) of the Corporation or any of its Affiliates by reason of any Award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any
action taken pursuant to the provisions of this Plan will create, or be construed to create, a trust of any kind or a fiduciary relationship between the Corporation or any of its Affiliates and any Participant, Beneficiary or other person. To the
extent that a Participant, Beneficiary or other person acquires a right to receive payment pursuant to any Award hereunder, such right will be no greater than the right of any unsecured general creditor of the Corporation. 

 

	 	7.1.4	Charter Documents. The Certificate of Incorporation and Bylaws of the Corporation, as either of them may lawfully be amended from time to time, may provide for additional restrictions and limitations with
respect to the Common Stock (including additional restrictions and limitations on the voting or transfer of Common Stock) or priorities, rights and preferences as to securities and interests prior in rights to the Common Stock. To the extent that
these restrictions and limitations are greater than those set forth in this Plan or any Award Agreement, such restrictions and limitations shall apply to any shares of Common Stock acquired pursuant to the exercise of Awards and are incorporated
herein by this reference. 

  

	 	7.2	No Transferability; Limited Exception to Transfer Restrictions. 

  

	 	7.2.1	Limit On Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 7.2, by applicable law and by the Award Agreement, as the same may be amended: 

 

	 	(a)	all Awards are non-transferable and will not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; 

 

	 	(b)	Awards will be exercised only by the Participant; and 

  

	 	(c)	amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of) the Participant. 

In addition, the shares shall be subject to the restrictions set forth in the applicable Award Agreement. 

 

	 	7.2.2	Further Exceptions to Limits On Transfer. The exercise and transfer restrictions in Section 7.2.1 will not apply to: 

  
 14 

	 	(a)	transfers to the Corporation; 

  

	 	(b)	transfers by gift or domestic relations order to one or more “family members” (as that term is defined in SEC Rule 701 promulgated under the Securities Act) of the Participant; 

 

	 	(c)	the designation of a Beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises by the Participant’s Beneficiary, or, in the absence of a validly designated
Beneficiary, transfers by will or the laws of descent and distribution; or 

  

	 	(d)	if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s duly authorized legal representative. 

Notwithstanding anything else in this Section 7.2.2 to the contrary, but subject to compliance with all applicable laws, Incentive Stock
Options and Restricted Stock Awards will be subject to any and all transfer restrictions under the Code applicable to such awards or necessary to maintain the intended tax consequences of such Awards. Notwithstanding clause (b) above but
subject to compliance with all applicable laws, any contemplated transfer by gift or domestic relations order to one or more “family members” of a Participant as referenced in clause (b) above is subject to the condition precedent
that the transfer be approved by the Administrator in order for it to be effective. The Administrator may, in its sole discretion, withhold its approval of any such proposed transfer. 

For the avoidance of doubt, the restrictions against assignment and transfer applies to an Option and the shares to be issued on exercise of
an Option, and shall be understood to include, without limitation, a prohibition against any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” or any “call equivalent position”
(in each case, as defined in Rule 16a-1 promulgated under the Exchange Act). During the lifetime of the Participant, an Option will be exercisable only by the Participant or Participant’s legal representative and any elections with respect to
an Award may be made only by the Participant or Participant’s legal representative. The terms of an Option shall be binding upon the executor, administrator, successors and assigns of the Participant who is a party thereto. 

 

	 	7.3	Adjustments; Changes in Control. 

  

	 	7.3.1	 Adjustments. Subject to Section 7.3.2 below, upon (or, as may be necessary to effect the adjustment, immediately prior to): any
reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, or other reorganization; any split-up, spin-off, or similar extraordinary
dividend distribution in respect of the Common Stock; or any exchange of Common Stock or other securities of the Corporation, or 

  
 15 

	 	
any similar, unusual or extraordinary corporate transaction in respect of the Common Stock; then the Administrator shall equitably and proportionately adjust (1) the number and type of
shares of Common Stock (or other securities) that thereafter may be made the subject of Awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of shares of
Common Stock (or other securities or property) subject to any outstanding Awards, (3) the grant, purchase, or exercise price of any outstanding Awards, and/or (4) the securities, cash or other property deliverable upon exercise or vesting
of any outstanding Awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding Awards. 

Unless otherwise expressly provided in the applicable Award Agreement, upon (or, as may be necessary to effect the adjustment, immediately
prior to) any event or transaction described in the preceding paragraph or a sale of all or substantially all of the business or assets of the Corporation as an entirety, the Administrator shall equitably and proportionately adjust the performance
standards applicable to any then-outstanding performance-based Awards to the extent necessary to preserve (but not increase) the level of incentives by this Plan and the then-outstanding performance-based Awards. 

It is intended that, if possible, any adjustments contemplated by the preceding two paragraphs be made in a manner that satisfies applicable
U.S. legal, tax (including, without limitation and as applicable in the circumstances, Section 424 of the Code and Section 409A of the Code) and accounting (so as to not trigger any charge to earnings with respect to such adjustment)
requirements. 
 Without limiting the generality of Section 2.3, any good faith determination by the Administrator as to whether an
adjustment is required in the circumstances pursuant to this Section 7.3.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons. 

Unless otherwise expressly provided by the Administrator, in no event shall a conversion of one or more outstanding shares of the
Corporation’s preferred stock (if any) or any new issuance of securities by the Corporation for consideration be deemed, in and of itself, to require an adjustment pursuant to this Section 7.3.1. 

 

	 	7.3.2	 Consequences of a Change in Control Event. Upon the occurrence of a Change in Control Event, the Administrator may make provision for a
cash payment in settlement of, or for the assumption, substitution or exchange of any or all outstanding Awards (or the cash, securities or other property deliverable to the holder(s) of any or all outstanding Awards) based upon, to the extent
relevant in the circumstances, the distribution or 

  
 16 

	 	
consideration payable to holders of the Common Stock upon or in respect of such event. 

The Administrator may, in its sole discretion, provide in the applicable Award Agreement or by an amendment thereto for the accelerated
vesting of one or more Awards to the extent such Awards are outstanding upon a Change in Control Event or such other events or circumstances as the Administrator may provide. 

The Administrator may adopt such valuation methodologies for outstanding Awards as it deems reasonable in the event of a cash, securities or
other property settlement. In the case of Options, but without limitation on other methodologies, the Administrator may base such settlement solely upon the excess (if any) of the amount payable upon or in respect of such event over the exercise
price of the Option to the extent of the then vested and exercisable shares subject to the Option. 
 In any of the events referred to in
this Section 7.3.2, the Administrator may take such action contemplated by this Section 7.3.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action necessary to permit the
Participant to realize the benefits intended to be conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately prior to the applicable event and/or
reinstate the original terms of the Award if an event giving rise to an acceleration does not occur. 
  

	 	7.3.3	 Early Termination of Awards. Upon the occurrence of a Change in Control Event, each then-outstanding Award (whether or not vested and/or
exercisable, but after giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7.3.2, 7.3.4 and 7.3.5) shall terminate, subject to any provision that has been expressly made by the Administrator, through a plan of
reorganization or otherwise, for the survival, substitution, assumption, exchange or other continuation or settlement of such Award and provided that, in the case of Options that will not survive or be substituted for, assumed, exchanged, or
otherwise continued or settled in the Change in Control Event, the holder of such Award shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or her outstanding and vested Options (the
vested portion of such Options determined after giving effect to any accelerated vesting required in the circumstances pursuant to Sections 7.3.2, 7.3.4 and 7.3.5) in accordance with their terms before the termination of the Awards (except that in
no case shall more than ten days’ notice of accelerated vesting and the impending termination be required and any acceleration may be made contingent upon the actual occurrence of the event). For purposes of this Section 7.3, an Award
shall be deemed to have been “assumed” if (without limiting other circumstances in which an Award is assumed) the Award continues after 

  
 17 

	 	
the Change in Control Event, and/or is assumed and continued by a Parent (as such term is defined in the definition of Change in Control Event) following a Change in Control Event, and confers
the right to purchase or receive, as applicable and subject to vesting and the other terms and conditions of the Award, for each share of Common Stock subject to the Award immediately prior to the Change in Control Event, the consideration (whether
cash, shares, or other securities or property) received in the Change in Control Event by the stockholders of the Corporation for each share of Common Stock sold or exchanged in such transaction (or the consideration received by a majority of the
stockholders participating in such transaction if the stockholders were offered a choice of consideration); provided, however, that if the consideration offered for a share of Common Stock in the transaction is not solely the ordinary common stock
of a successor corporation or a Parent, the Board may provide for the consideration to be received upon exercise or payment of the Award, for each share subject to the Award, to be solely ordinary common stock of the successor corporation or a
Parent equal in Fair Market Value to the per share consideration received by the stockholders participating in the Change in Control Event. 

  

	 	7.3.4	Other Acceleration Rules. The Administrator may override the provisions of this Section 7.3 as to any Award by express provision in the applicable Award Agreement and may accord any Participant a
right to refuse any acceleration, whether pursuant to the Award Agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any Incentive Stock Option accelerated in connection with a Change in Control Event (or
such other circumstances as may trigger accelerated vesting of the Incentive Stock Option) shall remain exercisable as an Incentive Stock Option only to the extent the applicable $100,000 limitation on Incentive Stock Options is not exceeded. To the
extent exceeded, the accelerated portion of the Option shall be exercisable as a Nonqualified Stock Option. 

  

	 	7.3.5	 Golden Parachute Limitation. Notwithstanding anything else contained in this Section 7.3 to the contrary, in no event shall any
Award or payment be accelerated under this Section 7.3 to an extent or in a manner so that such Award or payment, together with any other compensation and benefits provided to, or for the benefit of, the Participant under any other plan or
agreement of the Corporation or one of its Affiliates, would not be fully deductible by the Corporation or one of its Affiliates for federal income tax purposes because of Section 280G of the Code. If a holder of an Award would be entitled to
benefits or payments hereunder and under any other plan or program that would constitute “parachute payments” as defined in Section 280G of the Code, then the holder may by written notice to the Corporation designate the order in
which such parachute payments will be reduced or modified so that the Corporation or one of its Affiliates is not denied federal income tax deductions for any “parachute payments” because of Section 280G of the Code. Notwithstanding
the 

  
 18 

	 	
foregoing, if a Participant is a party to an employment or other agreement with the Corporation or one of its Affiliates, or is a participant in a severance program sponsored by the Corporation
or one of its Affiliates that contains express provisions regarding Section 280G and/or Section 4999 of the Code (or any similar successor provision), or the applicable Award Agreement includes such provisions, the Section 280G and/or
Section 4999 provisions of such employment or other agreement or plan, as applicable, shall control as to the Awards held by that Participant (for example, and without limitation, a Participant may be a party to an employment agreement with the
Corporation or one of its Affiliates that provides for a “gross-up” as opposed to a “cut-back” in the event that the Section 280G thresholds are reached or exceeded in connection with a change in control and, in such event,
the Section 280G and/or Section 4999 provisions of such employment agreement shall control as to any Awards held by that Participant). 

  

	 	7.4	Termination of Employment or Services. 

  

	 	7.4.1	Events Not Deemed a Termination of Employment. Unless the Administrator otherwise expressly provides with respect to a particular Award, if a Participant’s employment by or service to the Corporation
or an Affiliate terminates but immediately thereafter the Participant continues in the employ of or service to another Affiliate or the Corporation, as applicable, the Participant shall be deemed to have not had a termination of employment or
service for purposes of this Plan and the Participant’s Awards. Unless the express policy of the Corporation or the Administrator otherwise provides, a Participant’s employment relationship with the Corporation or any of its Affiliates
shall not be considered terminated solely due to any sick leave, military leave, or any other leave of absence authorized by the Corporation or any Affiliate or the Administrator; provided that, unless reemployment upon the expiration
of such leave is guaranteed by contract or law, such leave is for a period of not more than three months. In the case of any Participant on an approved leave of absence, continued vesting of the Award while on leave from the employ of or service
with the Corporation or any of its Affiliates will be suspended until the Participant returns to service, unless the Administrator otherwise provides or applicable law otherwise requires. In no event shall an Award be exercised after the expiration
of the term of the Award set forth in the Award Agreement. 

  

	 	7.4.2	Effect of Change of Affiliate Status. For purposes of this Plan and any Award, if an entity ceases to be an Affiliate, a termination of employment or service will be deemed to have occurred with respect to
each Eligible Person in respect of such Affiliate who does not continue as an Eligible Person in respect of another Affiliate that continues as such after giving effect to the transaction or other event giving rise to the change in status.

  
 19 

	 	7.4.3	Administrator Discretion. Notwithstanding the provisions of Section 5.6 or 6.8, in the event of, or in anticipation of, a termination of employment or service with the Corporation or any of its
Affiliates for any reason, the Administrator may accelerate the vesting and exercisability of all or a portion of the Participant’s Award, and/or, subject to the provisions of Sections 5.4.2 and 7.3, extend the exercisability period of the
Participant’s Option upon such terms as the Administrator determines and expressly sets forth in or by amendment to the Award Agreement. 

  

	 	7.4.4	Termination of Consulting or Affiliate Services. If the Participant is an Eligible Person solely by reason of clause (c) of Section 3, the Administrator shall be the sole judge of whether the
Participant continues to render services to the Corporation or any of its Affiliates, unless a written contract or the Award Agreement otherwise provides. If, in these circumstances, the Corporation or any Affiliate notifies the Participant in
writing that a termination of the Participant’s services to the Corporation or any Affiliate has occurred for purposes of this Plan, then (unless the contract or the Award Agreement otherwise expressly provides), the Participant’s
termination of services with the Corporation or Affiliate for purposes of this Plan shall be the date which is 10 days after the mailing of the notice by the Corporation or Affiliate or, in the case of a termination for Cause, the date of the
mailing of the notice. 

  

	 	7.5	Compliance with Laws. 

  

	 	7.5.1	General. This Plan, the granting and vesting of Awards under this Plan, and the offer, issuance and delivery of shares of Common Stock, the acceptance of promissory notes and/or the payment of money under
this Plan or under Awards are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities laws, and federal margin requirements) and to such approvals by any
listing, regulatory or governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Corporation,
provide such assurances and representations to the Corporation as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements. 

 

	 	7.5.2	 Compliance with Securities Laws. No Participant shall sell, pledge or otherwise transfer shares of Common Stock acquired pursuant to an
Award or any interest in such shares except in accordance with the express terms of this Plan and the applicable Award Agreement. Any attempted transfer in violation of this Section 7.5 shall be void and of no effect. Without in any way
limiting the provisions set forth above, no Participant shall make any disposition of all or any portion of shares of Common Stock acquired or to be acquired pursuant to an Award, except in

  
 20 

	 	
compliance with all applicable federal and state securities laws and unless and until: 

  

	 	(a)	there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; 

 

	 	(b)	such disposition is made in accordance with Rule 144 under the Securities Act; or 

  

	 	(c)	such Participant notifies the Corporation of the proposed disposition and furnishes the Corporation with a statement of the circumstances surrounding the proposed disposition, and, if requested by the Corporation,
furnishes to the Corporation an opinion of counsel acceptable to the Corporation’s counsel, that such disposition will not require registration under the Securities Act and will be in compliance with all applicable state securities laws.

 Notwithstanding anything else herein to the contrary, neither the Corporation or any Affiliate has any obligation to
register the Common Stock or file any registration statement under either federal or state securities laws, nor does the Corporation or any Affiliate make any representation concerning the likelihood of a public offering of the Common Stock or any
other securities of the Corporation or any Affiliate. 
  

	 	7.5.3	Share Legends. All certificates evidencing shares of Common Stock issued or delivered under this Plan shall bear the following legends and/or any other appropriate or required legends under applicable
laws: 

 “OWNERSHIP OF THIS CERTIFICATE, THE SHARES EVIDENCED BY THIS CERTIFICATE AND ANY INTEREST THEREIN ARE SUBJECT TO
SUBSTANTIAL RESTRICTIONS ON TRANSFER UNDER APPLICABLE LAW AND UNDER AGREEMENTS WITH THE CORPORATION, INCLUDING RESTRICTIONS ON SALE, ASSIGNMENT, TRANSFER, PLEDGE OR OTHER DISPOSITION.” 

“THE SHARES ARE SUBJECT TO THE CORPORATION’S RIGHT OF FIRST REFUSAL TO REPURCHASE THE SHARES UNDER THE CORPORATION’S STOCK
INCENTIVE PLAN AND AGREEMENTS WITH THE CORPORATION THEREUNDER, COPIES OF WHICH ARE AVAILABLE FOR REVIEW AT THE OFFICE OF THE SECRETARY OF THE CORPORATION.” 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”),
NOR HAVE THEY BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE. NO TRANSFER OF SUCH SECURITIES WILL BE 

  
 21 

 
PERMITTED UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO SUCH TRANSFER, THE TRANSFER IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF COUNSEL TO THE
CORPORATION, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND WITH APPLICABLE STATE SECURITIES LAWS.” 
  

	 	7.5.4	Confidential Information. Any financial or other information relating to the Corporation obtained by Participants in connection with or as a result of this Plan or their Awards shall be treated as
confidential. 

  

	 	7.6	Tax Withholding. 

  

	 	7.6.1	Tax Withholding. Upon any exercise, vesting, or payment of any Award or upon the disposition of shares of Common Stock acquired pursuant to the exercise of an Incentive Stock Option prior to satisfaction
of the holding period requirements of Section 422 of the Code, the Corporation or any of its Affiliates shall have the right at its option to: 

  

	 	(a)	require the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of any taxes which the Corporation or Affiliate
may be required to withhold with respect to such Award event or payment; 

  

	 	(b)	deduct from any amount otherwise payable (in respect of an Award or otherwise) in cash to the Participant (or the Participant’s Personal Representative or Beneficiary, as the case may be) the minimum amount of any
taxes which the Corporation or Affiliate may be required to withhold with respect to such Award event or payment; or 

  

	 	(c)	reduce the number of shares of Common Stock to be delivered by (or otherwise reacquire shares held by the Participant) the appropriate number of shares of Common Stock, valued at their then Fair Market Value, to satisfy
the minimum withholding obligation. 

 In any case where a tax is required to be withheld in connection with the delivery of
shares of Common Stock under this Plan, the Administrator may in its sole discretion (subject to Section 7.5) grant (either at the time of the Award or thereafter) to the Participant the right to elect, pursuant to such rules and subject to
such conditions as the Administrator may establish, to have the Corporation reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares, valued in a consistent manner at their Fair Market Value or at the
sales price in accordance with authorized procedures for cashless exercises, 

  
 22 

	 	
necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no event shall the shares withheld exceed the minimum whole number of shares required for
tax withholding under applicable law. The Corporation may, with the Administrator’s approval, accept one or more promissory notes from any Eligible Person in connection with taxes required to be withheld upon the exercise, vesting or payment of
any Award under this Plan; provided that any such note shall be subject to terms and conditions established by the Administrator and the requirements of applicable law. 

 

	 	7.6.2	Tax Loans. If so provided in the Award Agreement or otherwise authorized by the Administrator, the Corporation may, to the extent permitted by law, authorize a loan to an Eligible Person in the amount of
any taxes that the Corporation or any of its Affiliates may be required to withhold with respect to shares of Common Stock received (or disposed of, as the case may be) pursuant to a transaction described in Section 7.6.1. Such a loan will be
for a term and at a rate of interest and pursuant to such other terms and conditions as the Corporation may establish, subject to compliance with applicable law. Such a loan need not otherwise comply with the provisions of Section 5.3.3.

  

	 	7.7	Plan and Award Amendments, Termination and Suspension. 

  

	 	7.7.1	Board Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this Plan, in whole or in part. No Awards may be granted during any period that the Board suspends
this Plan. 

  

	 	7.7.2	Stockholder Approval. To the extent then required by applicable law or any applicable listing agency or required under Sections 162, 422 or 424 of the Code to preserve the intended tax consequences of this
Plan, or deemed necessary or advisable by the Board, any amendment to this Plan shall be subject to stockholder approval. 

  

	 	7.7.3	Amendments to Awards. Without limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive
conditions of or limitations on Awards to Participants that the Administrator in the prior exercise of its discretion has imposed, without the consent of a Participant, and (subject to the requirements of Sections 2.2 and 7.7.4) may make other
changes to the terms and conditions of Awards. 

  

	 	7.7.4	 Limitations on Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding Award
Agreement shall, without written consent of the Participant, affect in any manner materially adverse to the Participant any rights or benefits of the Participant or obligations of the Corporation under any Award granted under this Plan prior to the
effective date of such change. 

  
 23 

	 	
Changes, settlements and other actions contemplated by Section 7.3 shall not be deemed to constitute changes or amendments for purposes of this Section 7.7. 

 

	 	7.8	Privileges of Stock Ownership. Except as otherwise expressly authorized by the Administrator, a Participant will not be entitled to any privilege of stock ownership as to any shares of Common Stock
not actually delivered to and held of record by the Participant. Except as expressly required by Section 7.3.1, no adjustment will be made for dividends or other rights as a stockholder for which a record date is prior to such date of delivery.

  

	 	7.9	Stock-Based Awards in Substitution for Awards Granted by Other Corporation. Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of employee stock
options, stock appreciation rights, restricted stock or other stock-based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Corporation or one of its Affiliates, in connection with a
distribution, merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Corporation or one of its Affiliates, directly or indirectly, of all or a substantial part of the stock or assets of the
employing entity. The Awards so granted need not comply with other specific terms of this Plan, provided the Awards reflect only adjustments giving effect to the assumption or substitution consistent with the conversion applicable to the Common
Stock in the transaction and any change in the issuer of the security. Any shares that are delivered and any Awards that are granted by, or become obligations of, the Corporation, as a result of the assumption by the Corporation of, or in
substitution for, outstanding awards previously granted by an acquired company (or previously granted by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Corporation or one of its
Affiliates in connection with a business or asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 

 

	 	7.10	Effective Date of the Plan. This Plan is effective upon the Effective Date, subject to approval by the stockholders of the Corporation within twelve months after the date the Board approves this
Plan. 

  

	 	7.11	Term of the Plan. Unless earlier terminated by the Board, this Plan will terminate at the close of business on the day before the 10th
anniversary of the Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional Awards may be granted under this Plan, but previously granted Awards (and the
authority of the Administrator with respect thereto, including the authority to amend such Awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan. 

 

	 	7.12	Governing Law/Severability. 

  
 24 

	 	7.12.1	Choice of Law. This Plan, the Awards, all documents evidencing Awards and all other related documents will be governed by, and construed in accordance with, the laws of the state of Delaware.

  

	 	7.12.2	Severability. If it is determined that any provision of this Plan or an Award Agreement is invalid and unenforceable, the remaining provisions of this Plan and/or the Award Agreement, as applicable, will
continue in effect provided that the essential economic terms of this Plan and the Award can still be enforced. 

  

	 	7.13	Captions. Captions and headings are given to the sections and subsections of this Plan solely as a convenience to facilitate reference. Such headings will not be deemed in any way material or
relevant to the construction or interpretation of this Plan or any provision thereof. 

  

	 	7.14	Non-Exclusivity of Plan. Nothing in this Plan will limit or be deemed to limit the authority of the Board or the Administrator to grant awards or authorize any other compensation, with or without
reference to the Common Stock, under any other plan or authority. 

  

	 	7.15	No Restriction on Corporate Powers. The existence of this Plan, the Award Agreements, and the Awards granted hereunder, shall not limit, affect or restrict in any way the right or power of the Board
or the stockholders of the Corporation to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s or any Affiliate’s capital structure or its business; (b) any merger,
amalgamation, consolidation or change in the ownership of the Corporation or any Affiliate; (c) any issue of bonds, debentures, capital, preferred or prior preference stocks ahead of or affecting the Corporation’s capital stock or the
rights thereof; (d) any dissolution or liquidation of the Corporation or any Affiliate; (e) any sale or transfer of all or any part of the Corporation or any Affiliate’s assets or business; or (f) any other corporate act or
proceeding by the Corporation or any Affiliate. No Participant, Beneficiary or any other person shall have any claim under any Award or Award Agreement against any member of the Board or the Administrator, or the Corporation or any employees,
officers or agents of the Corporation or any Affiliate, as a result of any such action. 

  

	 	7.16	Other Company Compensation or Benefit Programs. Payments and other benefits received by a Participant under an Award made pursuant to this Plan shall not be deemed a part of a Participant’s
compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Corporation or any Affiliate, except where the Administrator or the Board expressly otherwise
provides or authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans or arrangements of the Corporation or any Affiliate.

  
 25 

	8.	DEFINITIONS. 

 “Administrator” has the meaning given to such term
in Section 2.1. 
 “Affiliate” means (a) any corporation (other than the Corporation) in an unbroken chain of
corporations ending with the Corporation if, at the time of the determination, each of the corporations other than the Corporation owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in
one of the other corporations in such chain, or (b) any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation if, at the time of the determination, each of the corporations other than the
last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

“Award” means an award of any Option or Stock Award, or any combination thereof, whether alternative or cumulative, authorized
by and granted under this Plan. 
 “Award Agreement” means any writing, approved by the Administrator, setting forth the
terms of an Award that has been duly authorized and approved. 
 “Award Date” means the date upon which the Administrator
took the action granting an Award or such later date as the Administrator designates as the Award Date at the time of the grant of the Award. 

“Beneficiary” means the person, persons, trust or trusts designated by a Participant, or, in the absence of a designation,
entitled by will or the laws of descent and distribution, to receive the benefits specified in the Award Agreement and under this Plan if the Participant dies, and means the Participant’s executor or administrator if no other Beneficiary is
designated and able to act under the circumstances. 
 “Board” means the Board of Directors of the Corporation. 

“Cause” with respect to a Participant means (unless otherwise expressly provided in the applicable Award Agreement, or another
applicable contract with the Participant that defines such term for purposes of determining the effect that a “for cause” termination has on the Participant’s stock options and/or stock awards) a termination of employment or service
based upon a finding by the Corporation or any of its Affiliates, acting in good faith and based on its reasonable belief at the time, that the Participant: 
  

	 	(a)	has been negligent in the discharge of his or her duties to the Corporation or any Affiliate, has refused to perform stated or assigned duties or is incompetent in or (other than by reason of a disability or analogous
condition) incapable of performing those duties; 

  

	 	(b)	has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other
confidential information; 

  
 26 

	 	(c)	has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Corporation or any of its Affiliates; or has been convicted of, or pled guilty or nolo
contendere to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

  

	 	(d)	has materially breached any of the provisions of any agreement with the Corporation or any of its Affiliates; 

  

	 	(e)	has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of, the Corporation or any of its Affiliates; or 

 

	 	(f)	has improperly induced a vendor or customer to break or terminate any contract with the Corporation or any of its Affiliates or induced a principal for whom the Corporation or any Affiliate acts as agent to terminate
such agency relationship. 

 A termination for Cause shall be deemed to occur (subject to reinstatement upon a contrary final
determination by the Administrator) on the date on which the Corporation or any Affiliate first delivers written notice to the Participant of a finding of termination for Cause. 

“Change in Control Event” means any of the following: 

 

	 	(a)	Approval by stockholders of the Corporation (or, if no stockholder approval is required, by the Board alone) of the complete dissolution or liquidation of the Corporation, other than in the context of a Business
Combination that does not constitute a Change in Control Event under paragraph (c) below; 

  

	 	(b)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (a “Person”)) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 50% or more of either (1) the then-outstanding shares of common stock of the Corporation (the “Outstanding Company Common Stock”) or (2) the combined voting power of the
then-outstanding voting securities of the Corporation entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this paragraph (b), the following
acquisitions shall not constitute a Change in Control Event; (A) any acquisition directly from the Corporation, (B) any acquisition by the Corporation, (C) any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Corporation or any Affiliate or a successor, (D) any acquisition by any entity pursuant to a Business Combination, (E) any acquisition by a Person described in and satisfying the conditions of Rule 13d-1(b) promulgated
under the Exchange Act, or (F) any acquisition by a Person who is the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the Outstanding Company Common Stock and/or the Outstanding Company
Voting Securities on the Effective Date (or an affiliate, heir, descendant, or related party of or to such Person); 

  
 27 

	 	(c)	Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Corporation or any corporation or other entity a majority of whose outstanding voting
stock or voting power is beneficially owned directly or indirectly by the Corporation (a “Subsidiary”), a sale or other disposition of all or substantially all of the assets of the Corporation, or the acquisition of assets or stock
of another entity by the Corporation or any of its Subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were
the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of
common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation,
an entity that, as a result of such transaction, owns the Corporation or all or substantially all of the Corporation’s assets directly or through one or more subsidiaries (a “Parent”)), and (2) no Person (excluding any
individual or entity described in clauses (C), (E) or (F) of paragraph (b) above) beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, more than 50% of, respectively, the
then-outstanding shares of common stock of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the ownership in excess of 50% existed
prior to the Business Combination; 

 provided, however, that a transaction shall not constitute a Change in Control Event if
it is in connection with the underwritten public offering of the Corporation’s securities. 
 “Code” means the Internal
Revenue Code of 1986, as amended from time to time. 
 “Common Stock” means the shares of the Corporation’s common
stock, par value $0.0001 per share, and such other securities or property as may become the subject of Awards, or become subject to Awards, pursuant to an adjustment made under Section 7.3.1 of this Plan. 

“Corporation” means Castlight Health, Inc., a Delaware corporation, and its successors. 

“Effective Date” means the date the Board approved this Plan. 

“Eligible Person” has the meaning given to such term in Section 3 of this Plan. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

  
 28 

 “Fair Market Value,” for purposes of this Plan and unless otherwise determined
or provided by the Administrator in the circumstances, means as follows: 
  

	 	(a)	If the Common Stock is listed or admitted to trade on the New York Stock Exchange or other national securities exchange (the “Exchange”), the Fair Market Value shall equal the closing price of a share
of Common Stock as reported on the composite tape for securities on the Exchange for the date in question, or, if no sales of Common Stock were made on the Exchange on that date, the closing price of a share of Common Stock as reported on said
composite tape for the next preceding day on which sales of Common Stock were made on the Exchange. The Administrator may, however, provide with respect to one or more Awards that the Fair Market Value shall equal the closing price of a share of
Common Stock as reported on the composite tape for securities listed on the Exchange on the last trading day preceding the date in question or the average of the high and low trading prices of a share of Common Stock as reported on the composite
tape for securities listed on the Exchange for the date in question or the most recent trading day. 

  

	 	(b)	If the Common Stock is not listed or admitted to trade on a national securities exchange, the Fair Market Value shall be the value as reasonably determined by the Administrator for purposes of the Award in the
circumstances. 

 The Administrator also may adopt a different methodology for determining Fair Market Value with respect to
one or more Awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular Award(s) (for example, and without limitation, the Administrator may provide that Fair Market
Value for purposes of one or more Awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date). 

Any determination as to Fair Market Value made pursuant to this Plan shall be made without regard to any restriction other than a restriction
which, by its terms, will never lapse, and shall be conclusive and binding on all persons with respect to Awards granted under this Plan. 

“Incentive Stock Option” means an Option that is designated and intended as an “incentive stock option” within the
meaning of Section 422 of the Code, the award of which contains such provisions (including but not limited to the receipt of stockholder approval of this Plan, if the award is made prior to such approval) and is made under such circumstances
and to such persons as may be necessary to comply with that section. 
 “Nonqualified Stock Option” means an Option that is
not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Stock Option and any Option designated or intended as an Incentive Stock Option that fails
to meet the applicable legal requirements thereof. 

  
 29 

 “Option” means an option to purchase Common Stock granted under Section 5
of this Plan. The Administrator will designate any Option granted to an employee of the Corporation or an Affiliate as a Nonqualified Stock Option or an Incentive Stock Option. 

“Participant” means an Eligible Person who has been granted and holds an Award under this Plan. 

“Personal Representative” means the person or persons who, upon the disability or incompetence of a Participant, has acquired
on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan by virtue of having become the legal representative of the Participant. 

“Plan” means this Castlight Health, Inc. 2008 Stock Incentive Plan, as it may hereafter be amended from time to time. 

“Public Offering Date” means the date the Common Stock is first registered under the Exchange Act and listed or quoted on a
recognized national securities exchange. 
 “Restricted Shares” or “Restricted Stock” means shares of
Common Stock awarded to a Participant under this Plan, subject to payment of such consideration and such conditions on vesting (which may include, among others, the passage of time, specified performance objectives or other factors) and such
transfer and other restrictions as are established in or pursuant to this Plan and the related Award Agreement, to the extent such remain unvested and restricted under the terms of the applicable Award Agreement. 

“Restricted Stock Award” means an award of Restricted Stock. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Severance Date” with respect to a particular Participant means, unless otherwise provided in the applicable Award Agreement:

  

	 	(a)	if the Participant is an Eligible Person under clause (a) of Section 3 and the Participant’s employment by the Corporation or any of its Affiliates terminates (regardless of the reason), the last day that
the Participant is actually employed by the Corporation or such Affiliate (unless, immediately following such termination of employment, the Participant is a member of the Board or, by express written agreement with the Corporation or any of its
Affiliates, continues to provide other services to the Corporation or any Affiliate as an Eligible Person under clause (c) of Section 3, in which case the Participant’s Severance Date shall not be the date of such termination of
employment but shall be determined in accordance with clause (b) or (c) below, as applicable, in connection with the termination of the Participant’s other services); 

 

	 	(b)	 if the Participant is not an Eligible Person under clause (a) of Section 3 but is an Eligible Person under clause (b) thereof, and the
Participant ceases to be a member of the Board (regardless of the reason), the last day that the Participant is actually a member of the Board (unless, immediately following such termination, the Participant is an employee of the Corporation or any
of its Affiliates or, by 

  
 30 

	 	
express written agreement with the Corporation or any of its Affiliates, continues to provide other services to the Corporation or any Affiliate as an Eligible Person under clause (c) of
Section 3, in which case the Participant’s Severance Date shall not be the date of such termination but shall be determined in accordance with clause (a) above or (c) below, as applicable, in connection with the termination of
the Participant’s employment or other services); 

  

	 	(c)	if the Participant is not an Eligible Person under clause (a) or clause (b) of Section 3 but is an Eligible Person under clause (c) thereof, and the Participant ceases to provide services to the
Corporation or any of its Affiliates as determined in accordance with Section 7.4.4 (regardless of the reason), the last day that the Participant actually provides services to the Corporation or such Affiliate as an Eligible Person under clause
(c) of Section 3 (unless, immediately following such termination, the Participant is an employee of the Corporation or any of its Affiliates or is a member of the Board, in which case the Participant’s Severance Date shall not be the
date of such termination of services but shall be determined in accordance with clause (a) or (b) above, as applicable, in connection with the termination of the Participant’s employment or membership on the Board). 

“Stock Award” means an award of shares of Common Stock under Section 6 of this Plan. A Stock Award may be a Restricted
Stock Award or an award of unrestricted shares of Common Stock. 
 “Total Disability” means a “total and permanent
disability” within the meaning of Section 22(e)(3) of the Code and, with respect to Awards other than Incentive Stock Options, such other disabilities, infirmities, afflictions, or conditions as the Administrator may include. 

  
 31

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