Document:

Office Lease

 Exhibit 10.1 
 16803 North Dallas Parkway 
 OFFICE LEASE 

1. PARTIES. This Office Lease (the “Lease”) is dated as of this 23rd day of August, 2011, and is made and entered into by
Longfellow Energy, LP, a Texas limited partnership (“Landlord”) and TransAtlantic Petroleum (USA) Corp., a Colorado company (“Tenant”). For valuable consideration, the receipt and sufficiency of which
is acknowledged, Landlord and Tenant agree to the terms and conditions herein. 
 2. PREMISES. Landlord does hereby lease to
Tenant, and Tenant hereby leases from Landlord, that certain commercial office space containing approximately 5,300 square feet of leasable floor area (the “Premises”), located on the second floor of the building (the “Office
Complex”) located on certain real property known as 16803 North Dallas Parkway, Addison, Texas. The location and dimensions of the Premises are more particularly described on Exhibit “A,” which is attached hereto and made a
part hereof. The Office Complex is located in the Triangle Pacific Survey, Block 1, Lot 1, ACS 3.870, City of Addison, County of Dallas, State of Texas. 
 3. USE. Tenant shall use the Premises for general office purposes and shall not use or permit the Premises to be used for any other purpose without the prior written consent of
Landlord, which consent shall not be unreasonably withheld.  
 4. RENT. Beginning on the Commencement Date, and except as
provided for below, Tenant agrees to pay to Landlord as monthly rent, without notice or demand, the sum of Six Thousand Six Hundred Twenty-Five Dollars and 0/100 ($6,625.00) (“Rent”). Rent shall be due and payable, in advance, on or before
the first day of each calendar month during the Term. If the Commencement Date as defined in Section 6 herein is a date other than the first day of a calendar month, there shall be due on such date a prorated portion of Rent based upon a thirty
(30) day month. 
 4A. Landlord acknowledges that (i) Tenant is a a party to that certain Office
Lease dated November 30, 2004, as amended (the “Current Lease”) regarding Tenant’s lease of certain office space on the 17th floor of a building located at 5910 N. Central Expressway in Dallas, Texas (the “Current Premises”), and
(ii) Tenant is currently attempting to sublease or assign all or a portion of the Current Premises and the Current Lease. Tenant represents and warrants to Landlord that Tenant will use good faith efforts to accomplish such sublease or
assignment or other agreement to reduce its rent under the Current Lease in a reasonable time, and Tenant agrees to notify Landlord within five (5) business days after it obtains such sublease, assignment, or agreement. 

4B. Notwithstanding anything in this Lease to the contrary, until such time as the Current Lease expires by its terms, the amount of Rent
and utilities payable hereunder shall never exceed the amount of monthly rent and utilities that Tenant is obligated to pay, if any, under the Current Lease. Landlord and Tenant expressly agree that, until such time as Tenant is able to

  

OFFICE LEASE – PAGE 1 

 
sublease or assign all or a portion of the Current Premises and the Current Lease or enter into any agreement resulting in the reduction of rent under the Current Lease, no Rent or utilities
shall be due hereunder. Such Rent determination shall be made on a month-to-month basis. By way of example only, if Tenant’s monthly rent and utilities total $10,000 under the Current Lease, and Tenant is able to assign a portion of its Current
Premises to a third party, thereby reducing Tenant’s rent under the Current Lease by $3,000, Tenant would be obligated to pay Landlord $3,000 in Rent for that month. If Tenant is able to assign a portion of its Current Premises to a third
party, thereby reducing Tenant’s rent under the Current Lease by $7,000, Tenant would be obligated to pay to Landlord the full amount of Rent due under this Lease in the amount of $6,625.00 plus utilities not to exceed $375.00. 

5. AS-IS. Landlord delivers to Tenant the Premises AS-IS. Tenant shall not make any alterations, additions or improvements to the
Premises without the prior written consent of Landlord as provided in Section 12 below. 
 6. TERM. The
initial lease term shall commence on the Commencement Date and shall end on the last day of the sixtieth
(60th) month thereafter (“Term”). The
“Commencement Date” shall mean the later of (i) August 22, 2011; or (ii) the date Tenant subleases or assigns all or a portion of the Current Premises and the Current Lease or reaches an agreement to reduce the amount of its
rent under the Current Lease. The Term may be extended pursuant to the Option granted to Tenant herein. 
 7. OPTION. Landlord
grants to Tenant the option to renew this Lease for two (2) additional term periods of sixty (60) months each. Tenant may exercise each option to renew by giving written notice of Tenant’s exercise of such option to Landlord at least
sixty (60) days before the end of the then current Term. Except as provided below, if Tenant exercises such option to renew, the lease of the Premises shall be upon the same terms, provisions, and conditions contained in this Lease, except that
(i) the Term of this Lease shall be extended for sixty (60) months; and (ii) the amount of the monthly Rent payable during such renewal term shall be at a mutually agreed upon market rate.  

8. SECURITY DEPOSIT. Tenant is not required to deliver a security deposit. 
 9. UTILITIES. Landlord shall provide all utilities, including but not limited to gas, water, wastewater, electricity, trash, telephone, cable and internet, to Tenant on a monthly basis.
Subject to Section 4C, Landlord shall bill Tenant on a monthly basis for all utilities according to actual, direct expenses, and Tenant shall pay such bill within thirty (30) days of receipt. 

10. USES PROHIBITED. Tenant shall not do or permit anything to be done in or about the Premises, nor bring or keep anything therein which is not
within the permitted use of the Premises, which will in any way increase the existing rate of or affect any fire or other insurance upon the Office Complex or any of its contents, or cause a cancellation of any insurance policy covering the Office
Complex or any part thereof or any of its contents. Tenant shall not allow the Premises to be used for any improper, immoral, unlawful or objectionable purpose; nor shall Tenant cause, maintain or permit any nuisance in, or about the Premises.
Tenant shall not commit or allow to be committed any waste in or upon the Premises. 

  

OFFICE LEASE – PAGE 2 

 11. COMPLIANCE WITH LAW. Tenant shall not use the Premises, or permit anything to be done in or
about the Premises, which will in any way conflict with any law, statute, ordinance or governmental rule or regulation now in force or which may hereafter be enacted or promulgated. Tenant shall, at its sole cost and expense, promptly comply with
all laws, statutes, ordinances and governmental rules, regulations or requirements now in force or which may hereafter be in force and with the requirements of any board of fire underwriters or other similar bodies now or hereafter constituted
relating to or affecting the condition, use or occupancy of the Premises, excluding structural changes not related to or affected by Tenant’s improvements or acts. To the extent applicable, Landlord shall, at its sole cost and expense, promptly
comply with all laws, statutes, ordinances and governmental rules, regulations or requirements now in force or which may hereafter be in force and with the requirements of any board of fire underwriters or other similar bodies now or hereafter
constituted relating to or affecting the condition, use or occupancy of the Premises. 
 12. LEASEHOLD IMPROVEMENTS, ALTERATIONS AND OR
ADDITIONS. Tenant shall not make or allow to be made any leasehold improvements, alterations or additions to or of the Premises or any part thereof without first obtaining the written consent of Landlord, which consent shall not be unreasonably
withheld. In the event Landlord consents to the making of any leasehold improvements, alterations or additions to the Premises by Tenant, the same shall be made by Tenant at Tenant’s sole cost and expense and those items shall at once become a
part of the realty and belong to the Landlord and shall be surrendered with the Premises upon the expiration or sooner termination of the Term hereof. 
 13. REPAIRS. 
 13A. By execution of this Lease, Tenant shall be
deemed to have accepted the Premises as being in good working order. If Tenant provides notice of exceptions within thirty (30) days of the Commencement Date or such other date agreed upon by Landlord and Tenant, Landlord, at its sole cost and
expense, shall use its best efforts to remedy any exception within reasonable time but no longer than thirty (30) days of receipt of such notice. Tenant shall, upon the expiration or sooner termination of this Lease hereof, surrender the
Premises to the Landlord in good condition, ordinary wear and tear and damage from causes beyond the reasonable control of Tenant excepted. 
 13B. Notwithstanding the provisions of Section 13A. above, Landlord shall repair and maintain the structural portions of the Premises, including the exterior and interior demising walls and roof,
unless, and to the extent that, such maintenance and repairs are caused by the act, neglect, fault or omission of any duty by Tenant, in which case Tenant shall pay to Landlord the actual cost of such maintenance and repairs. Except as provided in
Section 26 hereof, there shall be no abatement of rent and no liability of Landlord by reason of any injury to or interference with Tenant’s business arising from the making of any repairs, alterations or improvements in or to any portion
of the Premises so long as these repairs do not cause an unreasonable burden on Tenant. 

  

OFFICE LEASE – PAGE 3 

 14. LIENS. Tenant shall keep the Premises and the property in which the Premises are situated free
from any liens arising out of any work performed, materials furnished or obligations incurred by or on behalf of Tenant. 
 15. ASSIGNMENT
AND SUBLETTING. Tenant shall not voluntarily, or by operation of law, assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, and shall not sublet the Premises or any part thereof, or any right or
privilege appurtenant thereto, or allow any other person (the employees, agents, servants and invitees of Tenant excepted) to occupy or use the Premises, or any portion thereof, all without first obtaining the written consent of Landlord, which
consent shall not be unreasonably withheld or delayed. Consent to one assignment, subletting, occupation or use by any other person shall not be deemed to be consent to any subsequent assignment, subletting, occupation or use by another person. In
the event of the transfer and assignment by Tenant of its interest in this Lease and in the Premises to a person expressly assuming Tenant’s obligations under this Lease, Tenant shall thereby be released from any further obligations hereunder,
and Landlord agrees to look solely to such successor in interest of Tenant for performance of such obligations. Upon such transfer and assignment, Tenant shall be relieved of all liability under any and all of its covenants and obligations contained
in or derived from this Lease arising out of any act, occurrence or omission occurring after the transfer or assignment. Any assignment or subletting without consent shall be void, and shall, at the option of the Landlord, constitute a default under
the terms of this Lease. In the event that Landlord shall consent to a sublease or assignment hereunder, Tenant shall pay Landlord reasonable fees, not to exceed One Hundred and No/100 Dollars ($100.00), incurred in connection with the processing of
documents necessary to giving of such consent. 
 16. HOLD HARMLESS. Neither Landlord nor Tenant shall be liable to the other or to the
other’s employees, agents, or visitors, or to any other person whomsoever, for any injury on or damage to property on or about the Premises caused by the negligence or misconduct of Landlord or Tenant, respectively, or each of their employees,
subtenants, licensees or concessionaires, or of any other person entering the Premises under express or implied invitation of Landlord or Tenant, respectively, or arising out of the use of the Premises by Landlord or Tenant and the conduct of
Tenant’s business therein; and Landlord and Tenant hereby agree to indemnify the other and hold the other harmless from any loss, expense or claims arising out of such damage or injury, except for any loss, expense or claims caused by the
other’s gross negligence or willful misconduct. 
 17. SUBROGATION. As long as their respective insurers so permit, Landlord and
Tenant hereby mutually waive their respective rights of recovery against each other for any loss insured by fire, extended coverage and other property insurance policies existing for the benefit of the respective parties. Each party shall apply to
their insurers to obtain said waivers. Each party shall obtain any special endorsements, if required by their insurer to evidence compliance with the aforementioned waiver. 

  

OFFICE LEASE – PAGE 4 

 18. LIABILITY INSURANCE. Tenant shall, at Tenant’s expense, obtain and keep in force during the
Term of this Lease a policy of comprehensive public liability insurance insuring Landlord and Tenant against any liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance
shall be in the amount of not less than $500,000.00 for injury or death of one person in any one accident or occurrence and in the amount of not less than $1,000,000.00 for injury or death of more than one person in any one accident or occurrence.
Such insurance shall further insure Landlord and Tenant against liability for property damage of at least $500,000.00. Tenant may provide this insurance under a blanket policy, provided that said insurance shall have a Landlord’s protective
liability endorsement attached thereto. If Tenant shall fail to procure and maintain said insurance, Landlord may, but shall not be required to, procure and maintain same, but at the expense of Tenant and the cost of which insurance shall be
reimbursed or paid to Landlord by Tenant upon Landlord’s demand for the same. Insurance required hereunder shall be in companies rated A: XII or better in “Best’s Key Rating Guide.” Tenant shall deliver to Landlord, prior to
right of entry, copies of policies of liability insurance required herein or certificates evidencing the existence and amounts of such insurance with loss payable clauses satisfactory to Landlord. No policy shall be cancelable or subject to
reduction of coverage. All such policies shall be written as primary policies not contributing with and not in excess of coverage which Landlord may carry. 
 19. PERSONAL PROPERTY TAXES. Tenant shall pay, or cause to be paid, before delinquency, any and all taxes levied or assessed and which become payable during the Term hereof upon all Tenant’s
leasehold improvements, alterations, additions, equipment, furniture, fixtures, and any other personal property located in the Premises. In the event any or all of the Tenant’s leasehold improvements, alterations, additions, equipment,
furniture, fixtures and other personal property shall be assessed and taxed with the real property, Tenant shall pay to Landlord its share of such taxes within thirty (30) days after delivery to Tenant by Landlord of a statement in writing
setting forth the amount of such taxes applicable to Tenant’s property. 
 20. RULES AND REGULATIONS. Tenant shall faithfully
observe and comply with the rules and regulations that Landlord shall from time to time promulgate and/or modify so long as such rules and regulations do not cause an unreasonable burden on Tenant. The rules and regulations are attached hereto and
made a part hereof as Exhibit “B.” 
 21. HOLDING OVER. If Tenant remains in possession of the Premises or any part thereof
after the expiration of the Term hereof without the express written consent of Landlord, such occupancy shall be deemed to be a tenancy from month to month at a monthly rental in the amount of 150% of the last monthly Rent, plus all other charges
payable hereunder, and upon all the terms hereof applicable to a month to month tenancy. 
 22. ENTRY BY LANDLORD. Landlord reserves, and
shall at all times have, the right to enter the Premises at reasonable times and upon reasonable notice to inspect the same and to repair the Premises and any portion of the Premises that Landlord may deem necessary, without abatement of rent, and
may for that purpose erect scaffolding and other necessary structures where reasonably required by the character of the work to be performed, always ensuring that the entrance to the 

  

OFFICE LEASE – PAGE 5 

 
Premises shall not be unreasonably blocked thereby, and further providing that the business of the Tenant shall not unreasonably be interfered with and such repairs shall not cause an
unreasonable burden on Tenant. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, upon and about the Premises, excluding Tenant’s vaults, safes and files, and Landlord
shall have the right to use any and all means which Landlord may deem proper to open said doors in an emergency, in order to obtain entry to the Premises without liability to Tenant, except for gross negligence or willful misconduct of Landlord or
its agents. 
 23. TENANT’S DEFAULT. The occurrence of any one or more of the following events shall constitute a default and breach
of this Lease by Tenant: 
 23A. Notwithstanding any payment of current Rent, Tenant shall not desert, abandon or vacate the
Premises or a substantial portion thereof, nor shall Tenant fail to operate its business in the Premises for more than thirty (30) days for any reason other than the destruction or condemnation of the Premises. 

23B. The failure by Tenant to make any payment of rent or any other mutually agreed upon payment required to be made by Tenant hereunder,
as and when due, where such failure shall continue for a period of seven (7) business days after written notice thereof by Landlord to Tenant. 
 23C. The failure by Tenant to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by the Tenant, other than described in Section 23B, above, if
such failure shall continue for a period of thirty (30) days after written notice thereof by Landlord to Tenant; provided, however, that if the nature of Tenant’s default is such that more than thirty (30) days are reasonably required
for its cure, then Tenant shall not be deemed to be in default if Tenant commences such cure within said thirty (30) day period and thereafter diligently prosecutes such cure to completion. 

23D. The making by Tenant of any general assignment or general arrangement for the benefit of creditors; or the filing by or against
Tenant of a petition to have Tenant adjudged a bankrupt, or a petition or reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the same is dismissed within sixty (60) days);
or the appointment of a trustee or a receiver to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where possession is not restored to Tenant within thirty
(30) days; or the attachment, execution or other judicial seizure of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where such seizure is not discharged within thirty
(30) days. 
 24. REMEDIES IN DEFAULT. 
 24A. Termination of the Lease. Upon the occurrence of a default by Tenant hereunder, Landlord may, upon any applicable notice and opportunity to cure, terminate this Lease by giving written notice
thereof to Tenant, and, without further notice and without liability, repossess the 

  

OFFICE LEASE – PAGE 6 

 
Premises. Landlord shall be entitled to recover all direct and actual but not consequential or punitive loss and damage Landlord may suffer by reason of such termination, whether through
inability to relet the Premises on reasonable terms or otherwise. 
 24B. Repossession and Re-Entry. Upon the occurrence
of a default by Tenant hereunder, Landlord may, upon any applicable notice and opportunity to cure, immediately terminate Tenant’s right of possession of the Premises (whereupon all obligations and liability of Landlord hereunder shall
terminate), but not terminate this Lease, and, without notice, demand or liability, enter upon the Premises or any part thereof, take absolute possession of the same, expel or remove Tenant and any other person or entity who may be occupying the
Premises and change the locks. If Landlord terminates Tenant’s possession of the Premises under this Section 24B, (i) Landlord shall have no obligation whatsoever to tender to Tenant a key for new locks installed in the Premises,
(ii) Tenant shall have no further right to possession of the Premises, and (iii) Landlord shall use reasonable effort to relet or attempt to relet the Premises. Landlord may, however, at its sole option, relet the Premises or any part
thereof on such terms and conditions as are reasonable for the geographic area in which the Premises is located. If Landlord elects to relet the Premises, rent received by Landlord from such reletting shall be applied first to the payment of any
indebtedness other than Rent and additional charges due hereunder from Tenant to Landlord (in such order as Landlord shall designate), second, to the payment of any cost of such reletting, including, without limitation, advertising costs, brokerage
fees and leasing commissions, and third, to the payment of Rent due and unpaid hereunder (in such order as Landlord shall designate), and Tenant shall satisfy and pay to Landlord any deficiency upon demand therefor from time to time. Except as
otherwise provided herein, Landlord shall not be responsible or liable for any failure to relet the Premises or any part thereof or for any failure to collect any rent due upon any such reletting. No such re-entry or taking of possession of the
Premises by Landlord shall be construed as an election on Landlord’s part to terminate this Lease unless a written notice of such termination is given to Tenant pursuant to Section 24A above. In the event of the reletting by Landlord of
the Premises to a person expressly assuming Tenant’s obligations under this Lease, Tenant shall thereby be released from any further obligations hereunder, and Landlord agrees to look solely to such successor in interest of the Tenant for
performance of such obligations. Upon such reletting, Tenant shall be relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after
the reletting. 
 24C. Cure of Default. Upon the occurrence of a default hereunder by Tenant, Landlord may, upon any
applicable notice and opportunity to cure, enter upon the Premises and do whatever Tenant is obligated to do under the terms of this Lease, and Tenant agrees to reimburse Landlord on demand for any direct and actual expenses which Landlord may incur
in effecting compliance with Tenant’s obligations under this Lease, and Tenant further agrees that Landlord shall not be liable for any damages resulting to Tenant from such action, except for such damages caused by the gross negligence or
willful misconduct of Landlord or its agents. 
 24D. Cumulative Remedies. No right or remedy herein conferred upon or
reserved to Landlord is intended to be exclusive of any other right or remedy set forth herein or otherwise available to Landlord at law or in equity, and each and every right and remedy shall be cumulative and in addition to any other right or
remedy given hereunder or now or hereafter existing at law or in equity or by statute. 

  

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 In any of the above situations, Landlord shall have the duty to take reasonable action to mitigate
Tenant’s damages. 
 25. DEFAULT BY LANDLORD. Landlord shall not be in default unless Landlord fails to perform obligations required
of Landlord within a reasonable time, but in no event later than thirty (30) days after written notice by Tenant to Landlord, specifying wherein Landlord has failed to perform such obligation; provided, however, that if the nature of
Landlord’s obligation is such that more than thirty (30) days are required for performance, then Landlord shall not be in default if Landlord commences performance within such thirty (30) day period and thereafter diligently
prosecutes the same to completion. Any failure by Landlord to so timely commence the cure will result in a default hereunder. 
 26.
RECONSTRUCTION. In the event the Premises are damaged by fire or other perils covered by extended coverage insurance, Landlord agrees to forthwith repair same, and this Lease shall remain in full force and effect, except that Tenant shall be
entitled to a proportionate reduction of the Rent from the date of damage while such repairs are being made, such proportionate reduction to be based upon the extent to which the damage and making of such repairs shall reasonably interfere with the
business carried on by the Tenant in the Premises. If the damage is due to the fault or neglect of Tenant or its employees, there shall be no abatement of Rent. 
 In the event the Premises are damaged as a result of any cause other than the perils covered by fire and extended coverage insurance, then Landlord shall forthwith repair the same, provided the extent of
the destruction be less than fifty percent (50%) of the then full replacement cost of the Premises. In the event the destruction of the Premises is to fifty percent (50%) or more of the full replacement cost, then Landlord shall have the
option; (1) to repair or restore such damage, this Lease continuing in full force and effect, but the Rent to be proportionately reduced as herein above in this Section provided; or (2) give notice to Tenant at any time within sixty
(60) days after such damage, terminating this Lease as of the date specified in such notice, which date shall be no more than thirty (30) days after the giving of such notice. In the event of giving such notice, this Lease shall expire and
all interest of the Tenant in the Premises shall terminate on the date so specified in such notice and the Rent, reduced by a proportionate reduction, based upon the extent, if any, to which such damage interfered with the business carried on by the
Tenant in the Premises, shall be paid up to date of said such termination. 
 Notwithstanding anything to the contrary contained in this
Section, Landlord shall not have any obligation whatsoever to repair, reconstruct or restore the Premises when the damage resulting from any casualty covered under this Section occurs during the last six (6) months of the Term of this Lease or
any extension thereof. 
 27. EMINENT DOMAIN. If more than twenty-five percent (25%) of the Premises shall be taken or appropriated
by any public or quasi-public authority under the power of eminent domain, 

  

OFFICE LEASE – PAGE 8 

 
either party hereto shall have the right, at its option, within sixty (60) days after said taking, to terminate this Lease upon thirty (30) days written notice. If either less than or
more than twenty-five percent (25%) of the Premises are taken (and neither party elects to terminate as herein provided), the Rent thereafter to be paid shall be equitably reduced. In the event of any taking or appropriation whatsoever,
Landlord shall be entitled to any and all awards and/or settlements which may be given. 
 28. PARKING AND COMMON AREAS. Landlord
covenants that an area approximately equal to the parking areas as shown on the attached Exhibit “C” shall be at all times available for the non-exclusive use of Tenant during the Term of this Lease or any extension of the Term hereof,
provided that the condemnation or other taking by any public authority, or sale in lieu of condemnation, of any or all of such parking areas shall not constitute a violation of this covenant. Landlord reserves the right to change the entrances,
exits, traffic lanes and the boundaries and locations of such parking area or areas. 
 28A. The Landlord shall keep the
automobile parking areas in a neat, clean and orderly condition and shall repair any damage to the facilities thereof. 
 28B.
Tenant, for the use and benefit of Tenant, its agents, employees, customers, licensees and sub-tenants, shall have the non-exclusive right in common with Landlord, and other present and future owners, tenants and their agents, employees, customers,
licensees and sub-tenants, to use said parking areas during the entire Term of this Lease, or any extension thereof, for ingress and egress, and automobile parking. 
 28C. Tenant, in the use of said parking areas, agrees to comply with such reasonable rules, regulations and charges for parking as the Landlord may adopt from time to time for the orderly and proper
operation of said parking areas. Such rules may include but shall not be limited to the following: (1) the restriction of employee parking to a reasonably limited, designated area or areas; and (2) the regulation of the removal, storage
and disposal of Tenant’s refuse and other rubbish at the sole cost and expense of Tenant. 
 29. SIGNS. Tenant may install and
maintain such sign or signs as have first received the written approval of the Landlord as to type, size, color, location, copy nature and display qualities, which approval shall not be unreasonably withheld. Tenant is responsible for full payment
for the sign to sign company. 
 30. AUCTIONS. Tenant shall not conduct or permit to be conducted any sale by auction in, upon or from
the Premises, whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors, or pursuant to any bankruptcy or other insolvency proceeding. 
 31. HOURS OF BUSINESS. Subject to the provisions of Section 26 hereof, and to reasonable periods of closing, not to exceed ten (10) consecutive days in any one calendar year, Tenant shall
continuously during the Term hereof conduct and carry on Tenant’s business in the Premises and 

  

OFFICE LEASE – PAGE 9 

 
shall keep the Premises open for business and cause Tenant’s business to be conducted therein during the usual business hours of each and every business day as is customary for businesses of
like character in Addison, Texas; provided, however, that this provision shall not apply if the Premises should be closed and the business of Tenant temporarily discontinued therein due to strikes, lockouts or similar causes beyond the reasonable
control of Tenant. 
 32. GENERAL PROVISIONS. 
 (a) Waiver. The waiver by either party of any term, covenant or condition herein contained shall not be deemed to be a waiver of such term, covenant or condition or any subsequent breach of the
same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding default by Tenant of any term, covenant or condition of this Lease, other
than the failure of the Tenant to pay the particular rental so accepted, regardless of Landlord’s knowledge of such preceding default at the time of the acceptance of such Rent. 

(b) Marginal Headings. The marginal headings and section titles of this Lease are not a part of the Lease and shall have no effect
upon the construction or interpretation of any part hereof. 
 (c) Time. Time is of the essence of this Lease and each
and all of its provisions in where performance is a factor. 
 (d) Successors and Assigns. The covenants and conditions
herein contained, subject to the provisions as to assignment in this Lease, apply to and bind the heirs, successors, executors, administrators and assigns of the parties hereto. 

(e) Recordation. Neither Landlord nor Tenant shall record this Lease, but a short form memorandum hereof may be recorded at the
request of Landlord. 
 (f) Quiet Possession. Upon Tenant paying the Rent reserved hereunder and observing and performing
all of the covenants, conditions and provisions on Tenant’s part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the Term hereof, subject to all the provisions of this Lease. 

(g) Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent or other sums due
hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges. Rent is due on
the first of each month and late after the 10th day of
each month. Accordingly, if any installment of Rent or any sum due from Tenant shall not be received by Landlord in accordance with these terms, then Tenant shall pay to Landlord a late charge of $25.00 per day, or an amount equal to the maximum
amount permitted by law, plus any attorneys’ fees incurred by Landlord by reason of Tenant’s failure to pay rent and/or other charges when due hereunder. The parties hereby agree that such late charges represent a fair and reasonable
estimate of the cost that Landlord will incur by reason of the late payment by Tenant. 

  

OFFICE LEASE – PAGE 10 

 Acceptance of such late charges by the Landlord shall in no event constitute a waiver of
Tenant’s default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. 
 (h) Prior Agreements. This Lease contains all of the agreements of the parties hereto with respect to any matter covered or mentioned in this Lease, and no prior agreements or understanding
pertaining to any such matters shall be effective for any purpose. Except as specifically provided herein in Section 7, no provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or
their respective successors in interest. This Lease shall not be effective or binding on any party until fully executed by both parties hereto. 
 (i) Inability to Perform. This Lease and the obligations of the Tenant hereunder shall not be affected or impaired because the Landlord is unable to fulfill any of its obligations hereunder or is
delayed in doing so, if such inability or delay is caused by reason of strike, labor troubles, acts of God, or any other cause beyond the reasonable control of the Landlord. 
 (j) Partial Invalidity. Any provision of this Lease which shall prove to be invalid, void, or illegal shall in no way affect, impair or invalidate any other provision hereof and such other
provision shall remain in full force and effect. 
 (k) Cumulative Remedies. No remedy or election hereunder shall be
deemed exclusive but shall, whenever possible, be cumulative with all other remedies at law or in equity. 
 (l) Choice of
Law. This Lease shall be governed by the laws of the State of Texas. 
 (m) Sale of Premises by Landlord. In the
event of any sale of the Premises by Landlord, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence
or omission occurring after the consummation of such sale provided such purchaser agrees to assume any and all covenants and obligations of Landlord hereunder. 
 (n) Subordination, Attornment. Upon request of the Landlord, Tenant will, in writing, subordinate its rights hereunder to the lien of any mortgage or deed of trust, to any bank, insurance company
or other lending institution, now or hereafter in force against the Premises, and to all advances made or hereafter to be made upon the security thereof. 
 In the event any proceedings are brought for foreclosure or in the event of the exercise of the power of sale under any mortgage or deed of trust made by the Landlord covering the Premises, the Tenant
shall attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as the Landlord under this Lease. 

  

OFFICE LEASE – PAGE 11 

 The provisions of this Section to the contrary notwithstanding, and so long as Tenant is
not in default hereunder, this Lease shall remain in full force and effect for the Term hereof. 
 (o) Notices. All
notices and demands which may or are to be required or permitted to be given by either party on the other hereunder shall be in writing. All notices and demands by the Landlord to the Tenant shall be either hand delivered or sent by United States
Mail with return receipt requested, postage prepaid, addressed to the Tenant at the Premises, and to the address herein below, or to such other place as Tenant may from time to time designate in a notice to the Landlord. All notices and demands by
the Tenant to the Landlord shall be either hand delivered or sent by United States Mail with return receipt requested, postage prepaid, addressed to the Landlord at the address set forth herein, and to such other person or place as the Landlord may
from time to time designate in a notice to the Tenant. 
  

			
	To Landlord at:	  	 Longfellow Energy, LP
 Attn:
Christine Stroud
 16803 North Dallas Parkway
 Addison, Texas 75001

		
	To Tenant at:	  	 TransAtlantic Petroleum (USA) Corp.
 Attn: Jeffrey S. Mecom
 16803 North Dallas Parkway

Addison, Texas 75001
 With a copy to N. Malone
Mitchell, 3rd at the same address.

 (p) Authority of Tenant. The individual executing this Lease on behalf of Tenant represents and
warrants that he is duly authorized to execute and deliver this Lease on behalf of Tenant and that this Lease is binding upon Tenant. 
 (q) Arbitration. Landlord and Tenant agree that any claim, controversy, or dispute arising out of or relating to this Lease shall, except as set forth herein, be settled by arbitration in Dallas,
Texas in accordance with the Commercial Arbitration Rules of the American Arbitration Association. This agreement to arbitrate shall survive the termination of this Lease. Any arbitration shall be undertaken pursuant to the Federal Arbitration Act,
where applicable, and the decision of the arbitrators shall be final, binding, and enforceable in any court of competent jurisdiction. In any dispute in which a party seeks in excess of $100,000 in damages, three (3) arbitrators shall be
employed. Otherwise, a single arbitrator shall be employed. All costs relating to the arbitration shall be borne equally by the parties, other than their own attorney’s fees. The arbitrators shall not award punitive damages. Discovery
depositions shall not be taken in the arbitration proceedings. 
 33. EXCULPATORY LANGUAGE. If Landlord fails to perform its obligations
in accordance with any of the provisions of this Lease, Landlord agrees that it shall, to the extent and 

  

OFFICE LEASE – PAGE 12 

 
under the conditions provided for in this Lease, be liable to Tenant on account of any damages caused thereby, but Tenant agrees that any money judgment resulting from such failure shall be
satisfied only out of Landlord’s interest in the building of which the Premises are a part, and no other real, personal, or other property of Landlord or of the partners comprising Landlord, or of the officers, shareholders, directors,
partners, or principals of such partners comprising the Landlord, shall be subject to levy, attachment, or execution, or otherwise sued to satisfy any such judgment, ground lease of the Premises, and in the event of any transfer of such title or
interest, Landlord herein named (and in case of any subsequent transfers, the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Landlord’s obligations thereafter to be performed, provided that
any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Landlord shall, subject as aforesaid,
be binding on Landlord’s successors and assigns, only during their respective periods of ownership. 
 34. HAZARDOUS MATERIALS.
During the term of this Lease, Tenant shall comply with statutes, ordinances, rules, orders, regulations and requirements of the federal, state, county and city governments and all departments thereof applicable to the presence, storage, use,
maintenance and removal of asbestos, PCB transformers, other toxic, hazardous or contaminated substances and underground storage tanks (collectively, “Hazardous Materials”) in, on or about the Premises, which presence, storage, use,
maintenance or removal is caused or permitted by Tenant. In no event shall the aforesaid be construed to mean that Landlord has given or will give its consent or that Tenant need not obtain Landlord’s consent prior to Tenant’s storing,
using, maintaining or removing hazardous materials in, on or about the Premises. 
 [The Remainder of this Page is
Intentionally Left Blank - Signature Page Follows] 

  

OFFICE LEASE – PAGE 13 

 Signature Page to Office Lease 

 

			
	LANDLORD:
	
	Longfellow Energy, LP
		
	By:	 	 /s/    Todd
Dutton        

		 	Todd Dutton, President
	
	TENANT:
	
	TransAtlantic Petroleum (USA) Corp.
		
	By:	 	 /s/    Jeffrey S.
Mecom        

		 	Jeffrey S. Mecom, Vice President

  

OFFICE LEASE – PAGE 14Amended and Restated Investor Rights Agreement

 Exhibit 4.2 
 AMENDED AND RESTATED 
 INVESTORS’ RIGHTS AGREEMENT 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	 1.
	 	 DEFINITIONS
	  	 	1	  
			
	 2.
	 	 REGISTRATION RIGHTS
	  	 	4	  
				
		 	 2.1.
	 	 Demand Registration
	  	 	4	  
		 	 2.2.
	 	 Company Registration
	  	 	6	  
		 	 2.3.
	 	 Underwriting Requirements
	  	 	6	  
		 	 2.4.
	 	 Obligations of the Company
	  	 	8	  
		 	 2.5.
	 	 Furnish Information
	  	 	9	  
		 	 2.6.
	 	 Expenses of Registration
	  	 	9	  
		 	 2.7.
	 	 Delay of Registration
	  	 	10	  
		 	 2.8.
	 	 Indemnification
	  	 	10	  
		 	 2.9.
	 	 Reports Under Exchange Act
	  	 	12	  
		 	 2.10.
	 	 Limitations on Subsequent Registration Rights
	  	 	12	  
		 	 2.11.
	 	 “Market Stand-off” Agreement
	  	 	13	  
		 	 2.12.
	 	 Restrictions on Transfer
	  	 	13	  
		 	 2.13.
	 	 Termination of Registration Rights
	  	 	15	  
			
	 3.
	 	 INFORMATION AND OBSERVER RIGHTS
	  	 	15	  
				
		 	 3.1.
	 	 Delivery of Financial Statements
	  	 	15	  
		 	 3.2.
	 	 Inspection
	  	 	16	  
		 	 3.3.
	 	 Observer Rights
	  	 	16	  
		 	 3.4.
	 	 Termination of Information and Observer Rights
	  	 	16	  
		 	 3.5.
	 	 Confidentiality
	  	 	17	  
			
	 4.
	 	 RIGHTS TO FUTURE STOCK ISSUANCES
	  	 	17	  
				
		 	 4.1.
	 	 Right of First Offer
	  	 	17	  
		 	 4.2.
	 	 Termination
	  	 	18	  
		 	 4.3.
	 	 Waiver
	  	 	18	  
			
	 5.
	 	 ADDITIONAL COVENANTS
	  	 	19	  
				
		 	 5.1.
	 	 Employee Stock
	  	 	19	  
		 	 5.2.
	 	 Board Matters
	  	 	19	  
		 	 5.3.
	 	 Successor Indemnification
	  	 	19	  
		 	 5.4.
	 	 Insurance
	  	 	19	  
		 	 5.5.
	 	 Termination of Covenants
	  	 	19	  

  
 - i -

									
			
	 6.
	 	 MISCELLANEOUS
	  	 	20	  
				
		 	 6.1.
	 	 Successors and Assigns
	  	 	20	  
		 	 6.2.
	 	 Governing Law
	  	 	20	  
		 	 6.3.
	 	 Counterparts; Facsimile
	  	 	20	  
		 	 6.4.
	 	 Titles and Subtitles
	  	 	20	  
		 	 6.5.
	 	 Notices
	  	 	21	  
		 	 6.6.
	 	 Amendments and Waivers
	  	 	21	  
		 	 6.7.
	 	 Severability
	  	 	22	  
		 	 6.8.
	 	 Aggregation of Stock
	  	 	22	  
		 	 6.9.
	 	 Additional Investors
	  	 	22	  
		 	 6.10.
	 	 Entire Agreement
	  	 	22	  
		 	 6.11.
	 	 Dispute Resolution
	  	 	22	  
		 	 6.12.
	 	 Delays or Omissions
	  	 	23	  
		 	 6.13.
	 	 Acknowledgment
	  	 	23	  
		 	 6.14.
	 	 Titles and Subtitles
	  	 	23	  
		 	 6.15.
	 	 Counterparts
	  	 	23	  
		 	 6.16.
	 	 No Effect Upon Lending Relationships
	  	 	23	  

 Schedule A     -     Schedule of Investors 

  
 - ii -

 AMENDED AND RESTATED 

INVESTORS’ RIGHTS AGREEMENT 
 THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (the “Agreement”) is made as of March 15, 2011 by and among Angie’s List, Inc., a Delaware corporation (the
“Company”), and each of the investors listed on Schedule A hereto, each of which is referred to in this Agreement as an “Investor”. 
 RECITALS 
 WHEREAS, the Company and certain
of the Investors previously entered into that certain Investors’ Rights Agreement, dated April 30, 2010 (the “Prior Agreement”); and 

WHEREAS, pursuant to Section 6.6 of the Prior Agreement, this Agreement was adopted and approved by the
Company and the holders of sixty-seven percent (67%) of the Registrable Securities then outstanding, and as such, is binding upon all of the Investors party to the Prior Agreement. 

NOW, THEREFORE, the parties agree as follows: 

AGREEMENT 
  

	 	1.	 Definitions. For purposes of this Agreement: 

“Agreement” has the meaning as set forth in the first paragraph of this Agreement. 

“Affiliate” means, with respect to any specified Person, any other Person who, directly or indirectly,
controls, is controlled by, or is under common control with such Person, including without limitation any stockholder, parent, subsidiary, general partner, managing member, officer or director of such Person or any venture capital or private equity
fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company or investment advisor with, such Person. 

“Budget” has the meaning set forth in Section 3.1. 

“Common Stock” means shares of the Company’s common stock, par value $0.001 per share. 

“Company” has the meaning as set forth in the first paragraph of this Agreement. 

“Damages” means any loss, damage, or liability (joint or several) to which a party hereto may become
subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, or liability (or any action in respect thereof) arises out of or is based upon (i) any untrue statement or alleged untrue statement
of a material fact contained in any registration statement of the Company, including any preliminary prospectus, free writing prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) an omission or alleged
omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged 

 
violation by the indemnifying party (or any of its agents or any Person controlled by it) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated
under the Securities Act, the Exchange Act, or any state securities law. 
 “Demand Notice” has
the meaning set forth in Section 2.1(a). 
 “Derivative Securities” means any
securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

“Excluded Registration” means (i) a registration relating to the sale of securities to employees of
the Company or a subsidiary pursuant to a stock option, stock purchase, or similar plan; (ii) a registration relating to an SEC Rule 145 transaction; (iii) 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 (iv) a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities
that are also being registered. 
 “Form S-1” means such form under the Securities Act as in
effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 
 “Form S-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC that permits
incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

“GAAP” means generally accepted accounting principles in the United States. 

“Holder” means any holder of Registrable Securities who is a party to this Agreement. 

“Immediate Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person referred to herein. 

“Initiating Holders” means, collectively, Holders who properly initiate a registration request under
this Agreement. 
 “IPO” means the Company’s first underwritten public offering of its
Common Stock under the Securities Act. 
 “Major Investor” means any Investor that,
individually or together with such Investor’s Affiliates, holds at least two percent (2%) of the capital stock of the Company on a fully-diluted basis and Prism. 

  
 - 2 -

 “New Securities” means, collectively, equity securities of
the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such
equity securities. 
 “Observer Parties” has the meaning as set forth in
Section 3.3. 
 “Person” means any individual, corporation, partnership, trust,
limited liability company, association or other entity. 
 “Preferred Stock” means,
collectively, shares of the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock. 
 “Prior Agreement” has the meaning as set forth in the Recitals of this Agreement. 
 “Prism” means Prism Mezzanine Fund SBIC, L.P., AL I Co-Invest, LLC, and their respective successors and permitted assigns. 

“Registrable Securities” means (i) the Common Stock; (ii) the Common Stock issuable or issued
upon conversion of the Preferred Stock; (iii) any Common Stock, or any Common Stock issued or issuable (directly or indirectly) upon conversion and/or exercise of any other securities of the Company, acquired by the Investors as of or after the
date hereof; and (iv) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of,
the shares referenced in clauses (ii) and (iii) above; excluding in all cases, however, any Registrable Securities sold by a Person in a transaction in which the applicable rights under this Agreement are not assigned pursuant to
Section 6.1, and excluding for purposes of Section 2 any shares for which registration rights have terminated pursuant to Section 2.13 of this Agreement. 

“Restricted Securities” means the securities of the Company required to bear the legend set forth in
Section 2.12(b) hereof. 
 “Right of First Refusal Agreement” means that certain
Amended and Restated Right of First Refusal and Co-Sale Agreement of even date herewith by and among the Company and the Investors, as such may be amended from time to time. 

“SEC” means the Securities and Exchange Commission. 

“SEC Rule 144” means Rule 144 promulgated by the SEC under the Securities Act. 

“SEC Rule 144(k)” means Rule 144(k) promulgated by the SEC under the Securities Act. 

“SEC Rule 145” means Rule 145 promulgated by the SEC under the Securities Act. 

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

  
 - 3 -

 “Selling Expenses” means all underwriting discounts,
selling commissions, and stock transfer taxes applicable to the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of the Selling Holder Counsel borne and paid by the Company
as provided in Section 2.6. 
 “Selling Holder Counsel” has the meaning set forth
in Section 2.6. 
 “Series A Preferred Stock” means shares of the Company’s
Series A Preferred Stock, par value $0.001 per share. 
 “Series B Preferred Stock” means
shares of the Company’s Series B Preferred Stock, par value $0.001 per share. 
 “Series C
Preferred Stock” means shares of the Company’s Series C Preferred Stock, par value $0.001 per share. 
 “Series D Preferred Stock” means shares of the Company’s Series D Preferred Stock, par value $0.001 per share. 

“Subject Person” has the meaning set forth in Section 6.16. 

 

	 	2.	 Registration Rights. The Company covenants and agrees as follows: 

2.1. Demand Registration. 

(a) Form S-1 Demand. If at any time after the earlier of (i) April 30, 2013 or (ii) one
hundred eighty (180) days after the effective date of the registration statement for the IPO, the Company receives a request from Holders of thirty percent (30%) of the Registrable Securities that the Company file a Form S-1 registration
statement with respect to outstanding Registrable Securities of such Holders having an anticipated offering price, net of Selling Expenses, of at least $25,000,000), then the Company shall (A) within fifteen (15) days after the date such
request is given, give notice thereof (the “Demand Notice”) to all Holders other than the Initiating Holders; and (B) as soon as practicable, and in any event within ninety (90) days after the date such request is given by
the Initiating Holders, file a Form S-1 registration statement under the Securities Act covering all Registrable Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be included in
such registration by any other Holders, as specified by notice given by each such Holder to the Company within thirty (30) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c)
and Section 2.3. 
 (b) Form S-3 Demand. If at any time when it is eligible to
use a Form S-3 registration statement, the Company receives a request from a Holder (or Holders) that the Company file a Form S-3 registration statement with respect to outstanding Registrable Securities of such Holders (or Holders) having an
anticipated aggregate offering price, net of Selling Expenses, of at least $5,000,000, then the Company shall (A) within fifteen (15) days after the date such request is given, give a Demand Notice to all Holders other than the Initiating
Holders; and (B) as soon as practicable, and in any 

  
 - 4 -

 
event within sixty (60) days after the date such request is given by the Initiating Holders, file a Form S-3 registration statement under the Securities Act covering all Registrable
Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be included in such registration by any other Holders, as specified by notice given by each such Holder to the Company within
thirty (30) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c) and Section 2.3. 

(c) Notwithstanding the foregoing obligations, if the Company furnishes to Holders requesting a
registration pursuant to this Section 2.1 a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of the Company’s Board of Directors it would be materially detrimental to the
Company and its stockholders for such registration statement to either become effective or remain effective for as long as such registration statement otherwise would be required to remain effective, 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; or (iii) render the Company unable to comply with requirements under the Securities Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing, and any time periods with
respect to filing or effectiveness thereof shall be tolled correspondingly, for a period of not more than sixty (60) days after the request of the Initiating Holders is given; provided, however, that the Company may not invoke this right
more than twice in any twelve (12) month period; and provided further that the Company shall not register any securities for its own account or that of any other stockholder during such sixty (60) day period other than an Excluded
Registration. 
 (d) The Company shall not be obligated to effect, or to take any action to
effect, any registration pursuant to Section 2.1(a) (i) during the period that commences on the date of filing of, and ending on a date that is one hundred eighty (180) days after the effective date of, a Company-initiated
registration, provided, that the Company is actively employing in good faith efforts to cause such registration statement to become effective as expeditiously as reasonably possible; (ii) after the Company has effected two registrations
pursuant to Section 2.1(a) and they have been declared or ordered effective; 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 2.1(b). The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 2.1(b) (i) during the period commencing on the date of filing
of, and ending on a date that is ninety (90) days after the effective date of, a Company-initiated registration, provided, that the Company is actively employing in good faith efforts to cause such registration statement to become effective as
expeditiously as reasonably possible; or (ii) if the Company has effected two registrations pursuant to Section 2.1(b) within the twelve (12) month period immediately preceding the date of such request. A registration shall not
be counted as “effected” for purposes of this Section 2.1(d) (i) unless the total number of Registered Securities that Holders have requested to be included in such registration statement are actually included and
(ii) until such time as the applicable registration statement has been declared effective by the SEC. 

  
 - 5 -

 2.2. Company Registration. If the Company proposes to
register (including, for this purpose, a registration effected by the Company for stockholders other than the Holders) any of its Common Stock under the Securities Act in connection with the public offering of such securities solely for cash (other
than in an Excluded Registration), the Company shall, at such time, promptly give each Holder notice of such registration at least twenty (20) days prior to the filing of any such registration statement. Upon the request of each Holder given
within twenty (20) days after such notice is given by the Company, the Company shall, subject to the provisions of Section 2.3, cause to be registered all of the Registrable Securities that each such Holder has requested to be
included in such registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.2 before the effective date of such registration, whether or not any Holder has elected to
include Registrable Securities in such registration. The expenses (other than Selling Expenses) of such withdrawn registration shall be borne by the Company in accordance with Section 2.6. 

2.3. Underwriting Requirements. 

(a) If, pursuant to Section 2.1, 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 2.1, and the Company shall include such information in the Demand Notice. The
underwriter(s) 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 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 securities
through such underwriting shall (together with the Company as provided in Section 2.4(e)) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision
of this Section 2.3, if the underwriter(s) advise(s) the Company in writing that marketing factors require a limitation on the number of shares to be underwritten, then the Company shall so advise all Holders of Registrable Securities
that otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating Holders, in proportion
(as nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of Registrable Securities held
by the Holders to be included in such underwriting (i) shall not be reduced unless all other securities are first entirely excluded from the underwriting and (ii) the number of Registrable Securities included in the offering shall not be
reduced below twenty-five percent (25%) of the total number of securities included in such offering, unless such offering is the IPO, in which case the selling Holders may be excluded further if the underwriters make the determination described
above and no other stockholder’s securities are included in such offering. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to
the nearest 100 shares. For purposes of the provision in this Section 2.3(a) concerning apportionment, for any selling 

  
 - 6 -

 
Holder that is a partnership, limited liability company, or corporation, the partners, members, retired partners, retired members, stockholders, and Affiliates of such Holder, or the estates and
Immediate Family Members of any such partners, retired partners, members, and retired members and any trusts for the benefit of any of the foregoing Persons, shall be deemed to be a single “selling Holder,” and any pro rata reduction with
respect to such “selling Holder” shall be based upon the aggregate number of Registrable Securities owned by all Persons included in such “selling Holder,” as defined in this sentence. 

(b) In connection with any offering involving an underwriting of shares of the Company’s capital
stock pursuant to Section 2.2, the Company shall not be required to include any of the Holders’ Registrable Securities in such underwriting unless the Holders accept the terms of the underwriting as agreed upon between the Company
and its underwriters, and then only in such quantity as the underwriters in their sole discretion determine will not jeopardize the success of the offering by the Company. If the total number of securities, including Registrable Securities,
requested by stockholders to be included in such offering exceeds the number of securities to be sold (other than by the Company) that the underwriters in their reasonable discretion determine is compatible with the success of the offering, then the
Company shall be required to include in the offering only that number of such securities, including Registrable Securities, which the underwriters and the Company in their sole discretion determine will not jeopardize the success of the offering. If
the underwriters determine that less than all of the Registrable Securities requested to be registered can be included in such offering, then the Registrable Securities that are included in such offering shall be allocated among the selling Holders
in proportion (as nearly as practicable to) the number of Registrable Securities owned by each selling Holder or in such other proportions as shall mutually be agreed to by all such selling Holders. To facilitate the allocation of shares in
accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares. Notwithstanding the foregoing, in no event shall (i) the number of Registrable Securities
included in the offering be reduced unless all other securities (other than securities to be sold by the Company) are first entirely excluded from the offering, or (ii) the number of Registrable Securities included in the offering be reduced
below thirty percent (30%) of the total number of securities included in such offering, unless such offering is the IPO, in which case the selling Holders may be excluded further if the underwriters make the determination described above and no
other stockholder’s securities are included in such offering. For purposes of the provision in this Section 2.3(b) concerning apportionment, for any selling Holder that is a partnership, limited liability company, or corporation,
the partners, members, retired partners, retired members, stockholders, and Affiliates of such Holder, or the estates and Immediate Family Members of any such partners, retired partners, members, and retired members and any trusts for the benefit of
any of the foregoing Persons, shall be deemed to be a single “selling Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate number of Registrable Securities owned by all
Persons included in such “selling Holder,” as defined in this sentence. 

  
 - 7 -

 2.4. Obligations of the Company. Whenever required
under this Section 2 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 all reasonable efforts to cause such registration statement to become effective as expeditiously as reasonably possible 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 Holders refrain, at the request of an underwriter of Common Stock (or other securities) of the Company, from selling any securities included in such
registration, 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, subject to compliance with applicable SEC rules, such one hundred twenty
(120) day period shall be extended for up to thirty (30) days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; 

(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 Securities Act in order to enable the disposition of all securities covered by such registration statement; 

(c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary
prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 

(d) use all reasonable 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 selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to
service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities 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 underwriter(s) of such offering; 

(f) use all reasonable efforts to cause all such Registrable Securities covered by such registration
statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; 

  
 - 8 -

 (g) provide a transfer agent and registrar for all
Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 

(h) promptly make available for inspection by the selling Holders, any underwriter(s) participating in any
disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of
the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or
advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; 

(i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such
registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and 

(j) after such registration statement becomes effective, notify each selling Holder of any request by the
SEC that the Company amend or supplement such registration statement or prospectus. 
 2.5.
Furnish Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 2 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 is reasonably required to effect the registration of such Holder’s Registrable Securities.

 2.6. Expenses of Registration. All expenses (other than Selling Expenses) incurred in
connection with registrations, filings, or qualifications pursuant to Section 2, including all registration, filing, and qualification fees; printers’ and accounting fees; fees and disbursements of counsel for the Company; and the
reasonable fees and disbursements, not to exceed $40,000, of one counsel for the selling Holders (“Selling Holder Counsel”), shall be borne and paid 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 2.1 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 selling Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration), unless the Holders of a majority of the Registrable Securities agree to forfeit their
right to one registration pursuant to Section 2.1(a) or Section 2.1(b), as the case may be; provided further that if, at the time of such withdrawal, the Holders shall 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 after learning of such information then the Holders shall not be required to

  
 - 9 -

 
pay any of such expenses and shall not forfeit their right to one registration pursuant to Section 2.1(a) or Section 2.1(b). All Selling Expenses relating to Registrable
Securities registered pursuant to this Section 2 shall be borne and paid by the Holders pro rata on the basis of the number of Registrable Securities registered on their behalf. 

2.7. Delay of Registration. No Holder shall have any right to obtain or seek an injunction
restraining or otherwise delaying any registration pursuant to this Agreement as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 

2.8. Indemnification. If any Registrable Securities are included in a registration statement under
this Section 2: 
 (a) To the extent permitted by law, the Company will indemnify and
hold harmless each selling Holder, and the partners, members, officers, directors, and stockholders of each such Holder; legal counsel and accountants for each such Holder; any underwriter (as defined in the Securities Act) for each such Holder; and
each Person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling Person, or other aforementioned
Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that the indemnity agreement
contained in this Section 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, nor shall
the Company be liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any such Holder, underwriter, controlling
Person, or other aforementioned Person expressly for use in connection with such registration. 

(b) To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify and
hold harmless the Company, and 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 Securities Act, legal counsel and accountants for the
Company, any underwriter (as defined in the Securities Act), any other Holder selling securities in such registration statement, and any controlling Person of any such underwriter or other Holder, against any Damages, in each case only to the extent
that such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder expressly for use in connection with such registration; and each
such selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such
expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.8(b) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the
consent of the Holder, which consent shall not be 

  
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unreasonably withheld; and provided further that in no event shall the aggregate amounts payable by any Holder by way of indemnity or contribution under Sections 2.8(b) and
2.8(d) exceed the proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the
commencement of any action (including any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this
Section 2.8, give the indemnifying party notice of the commencement thereof. The indemnifying party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any
other indemnifying party to which notice has been given, and 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 action. 

(d) To provide for just and equitable contribution to joint liability under the Securities Act in any case
in which either (i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 2.8 but it is judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding the fact that this Section 2.8 provides for
indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any party hereto for which indemnification is provided under this Section 2.8, then, and in each such case, such parties will
contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the indemnifying party and the
indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. 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 allegedly untrue statement of a material fact, or the omission or alleged omission of 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; provided, however, that, in
any such case, (x) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement, and (y) no Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent 

  
 - 11 -

 
misrepresentation; and provided further that in no event shall a Holder’s liability pursuant to this Section 2.8(d), when combined with the amounts paid or payable by such
Holder pursuant to Section 2.8(b), exceed the proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of willful misconduct or fraud by such Holder. 

(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) Unless otherwise superseded by an underwriting agreement entered into in connection with the
underwritten public offering, the obligations of the Company and Holders under this Section 2.8 shall survive the completion of any offering of Registrable Securities in a registration under this Section 2, and otherwise
shall survive the termination of this Agreement. 
 2.9. Reports Under Exchange Act. With
a view to making available to the Holders the benefits of SEC 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 shall: 
 (a) make and keep available adequate current
public information, as those terms are understood and defined in SEC Rule 144, at all times after the effective date of the registration statement filed by the Company for the IPO; 

(b) use all reasonable efforts to file with the SEC in a timely manner all reports and other documents
required of the Company under the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and 

(c) furnish to any Major Investor, forthwith upon request (i) to the extent accurate, a written
statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the registration statement filed by the Company for the IPO), the Securities Act, and
the Exchange Act (at any time after the Company 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 the Company so qualifies); (ii) a
copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed 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 (at any time after the Company has become subject to the reporting requirements under the Exchange Act) or pursuant to Form S-3 (at any time after the Company so qualifies
to use such form). 
 2.10. 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 sixty-seven percent (67%) of the Registrable Securities, enter into any agreement with

  
 - 12 -

 
any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder (i) to include such securities in any registration 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 securities will not reduce the number of the Registrable Securities of the Holders that are
included or (ii) allow such holder or prospective holder to initiate a demand for registration of any securities held by such holder or prospective holder; provided that this limitation shall not apply to any additional Investor who
becomes a party to this Agreement in accordance with Section 6.9. 
 2.11.
“Market Stand-off” Agreement. Each Holder hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date two (2) days prior to date upon which the
registration statement pursuant to an IPO shall have been declared effective and ending on a date not to exceed one hundred eighty (180) days thereafter, which period may be extended upon the request of the managing underwriter, to the extent
required by any FINRA rules, for an additional period of up to fifteen (15) days if the Company issues or proposes to issue an earnings or other public release within fifteen (15) days of the expiration of the 180-day lockup period,
(i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly or indirectly, any
shares of Common Stock or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock held immediately before the effective date of the registration statement for such offering or (ii) enter into any
swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of
Common Stock or other securities, in cash, or otherwise. The foregoing provisions of this Section 2.11 shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall be applicable to the
Holders only if all officers and directors are subject to the same restrictions and the Company obtains a similar agreement from all stockholders individually owning more than one percent (1%) of the Company’s outstanding Common Stock
(after giving effect to conversion into Common Stock of all outstanding Preferred Stock). The underwriters in connection with such registration are intended third-party beneficiaries of this Section 2.11 and shall have the right, power,
and authority to enforce the provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are consistent with
this Section 2.11 or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the underwriters shall apply pro rata to all Holders subject to such
agreements, based on the number of shares subject to such agreements. 
 2.12. Restrictions on
Transfer. 
 (a) The Preferred Stock and the Registrable Securities shall not be sold,
pledged, or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to its transfer agent with respect to any such sale, pledge, or 

  
 - 13 -

 
transfer, except (i) upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act, or (ii) as permitted
pursuant to the Right of First Refusal Agreement. A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities
subject to the provisions and upon the conditions specified in this Agreement. 
 (b) Each
certificate or instrument representing (i) the Preferred Stock, (ii) the Registrable Securities, and (iii) any other securities issued in respect of the securities referenced in clauses (i) and (ii), upon any stock split,
stock dividend, recapitalization, merger, consolidation, or similar event, shall (unless otherwise permitted by the provisions of Section 2.12(c)) be stamped or otherwise imprinted with a legend substantially in the following form:

 THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933. SUCH SHARES MAY NOT BE SOLD, PLEDGED, OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR A VALID EXEMPTION FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT. 

THE SECURITIES REPRESENTED HEREBY MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY
AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 The Holders consent to the
Company making a notation in its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer set forth in this Section 2.12. 

(c) The holder of each certificate representing Restricted Securities, by acceptance thereof, agrees to
comply in all respects with the provisions of this Section 2. Before any proposed sale, pledge, or transfer of any Restricted Securities, unless there is in effect a registration statement under the Securities Act covering the proposed
transaction, the Holder thereof shall give notice to the Company of such Holder’s intention to effect such sale, pledge, or transfer. Each such notice shall describe the manner and circumstances of the proposed sale, pledge, or transfer in
sufficient detail and, if reasonably requested by the Company, shall be accompanied at such Holder’s expense by either (i) a written opinion of legal counsel who shall, and whose legal opinion shall, be reasonably satisfactory to the
Company, addressed to the Company, to the effect that the proposed transaction may be effected without registration under the Securities Act; (ii) a “no action” letter from the SEC to the effect that the proposed sale, pledge, or
transfer of such Restricted Securities without registration will not result in a recommendation by the staff of the SEC that action be taken with respect thereto; or (iii) any other evidence reasonably satisfactory to counsel to the Company to
the effect 

  
 - 14 -

 
that the proposed sale, pledge, or transfer of the Restricted Securities may be effected without registration under the Securities Act, whereupon the Holder of such Restricted Securities shall be
entitled to sell, pledge, or transfer such Restricted Securities in accordance with the terms of the notice given by the Holder to the Company. The Company will not require such a legal opinion or “no action” letter (x) in any
transaction in compliance with SEC Rule 144 or (y) in any transaction in which such Holder distributes Restricted Securities to an Affiliate of such Holder for no consideration; provided that each transferee agrees in writing to be subject to
the terms of this Section 2.12. Each certificate or instrument evidencing the Restricted Securities transferred as above provided shall bear, except if such transfer is made pursuant to SEC Rule 144, the appropriate restrictive
legend set forth in Section 2.12(b), except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and the Company, such legend is not required in order to establish compliance with any
provisions of the Securities Act. 
 2.13. Termination of Registration Rights. The right
of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 2.1 or Section 2.2 shall terminate upon the earliest to occur of: 

(a) the consummation of a Liquidation, as such term is defined in the Company’s Certificate of
Incorporation; 
 (b) such time as Rule 144 or another similar exemption under the Securities Act
is available for the sale of all of such Holder’s shares without limitation during a three-month period without registration; and 
 (c) the fifth (5th) anniversary of the IPO. 
  

	 	3.	 Information and Observer Rights. 

3.1. Delivery of Financial Statements. The Company shall deliver to each Major Investor:

 (a) as soon as practicable, but in any event within ninety (90) days after the end of
each fiscal year of the Company, (i) a balance sheet as of the end of such year, (ii) statements of income and of cash flows for such year, and (iii) a statement of stockholders’ equity as of the end of such year, all such
financial statements audited and certified by independent public accountants selected by the Company; 
 (b) as soon as practicable, but in any event within thirty (30) days of the end of each month, an unaudited income statement and statement of cash flows for such month, and an unaudited balance sheet
as of the end of such month, all prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto that may be required in accordance with
GAAP); and 
 (c) as soon as practicable, but in any event thirty (30) days before the end
of each fiscal year, a budget and business plan for the next fiscal year (collectively, the 

  
 - 15 -

 
“Budget”), approved by the Board of Directors and, promptly after prepared, any other budgets or revised budgets prepared by the Company. 

If, for any period, the Company has any subsidiary whose accounts are consolidated with those of the Company, then in
respect of such period the financial statements delivered pursuant to the foregoing sections shall be the consolidated and consolidating financial statements of the Company and all such consolidated subsidiaries. 

Notwithstanding anything else in this Section 3.1 to the contrary, the Company may cease providing the
information set forth in this Section 3.1 during the period starting with the date sixty (60) days before the Company’s good-faith estimate of the date of filing of a registration statement if it reasonably concludes it must do
so to comply with the SEC rules applicable to such registration statement and related offering; provided that the Company’s covenants under this Section 3.1 shall be reinstated at such time as the Company is no longer actively
employing its commercially reasonable efforts to cause such registration statement to become effective. 
 3.2. Inspection. The Company shall permit each Major Investor, at such Major Investor’s expense, to visit and inspect the Company’s properties; examine its books of account and records;
and discuss the Company’s affairs, finances, and accounts with its officers, during normal business hours of the Company as may be reasonably requested by the Major Investor; provided, however, that the Company shall not be obligated
pursuant to this Section 3.2 to provide access to any information the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel. 

3.3. Observer Rights. For so long as Prism owns any shares of capital stock of the Company, the
Company shall invite a representative of Prism to attend all meetings of its Board of Directors in a nonvoting observer capacity (the “Prism Observer”) and for so long as T. Rowe Price owns any shares of capital stock of the
Company, the Company shall invite a representative of T. Rowe Price to attend all meetings of its Board of Directors in a nonvoting observer capacity (the “T. Rowe Price Observer” and together with the Prism Observer, the
“Observer Parties”). In this respect, the Company shall give such representative copies of all notices, minutes, consents, and other materials that it provides to its directors; provided, however, that such representative
shall agree to hold in confidence and trust and to act in a fiduciary manner with respect to all information so provided; and provided further, that the Company reserves the right to withhold any information and to exclude such representative
from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel or result in disclosure of trade secrets or a conflict of
interest, or if any of the Observer Parties or its representative is reasonably determined by the Board of Directors to be a competitor of the Company. 

3.4. Termination of Information and Observer Rights. The covenants set forth in
Section 3.1, Section 3.2, and Section 3.3 shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, or (ii) when the Company

  
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first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon a Liquidation, as such term is defined in the Company’s
Certificate of Incorporation, whichever event occurs first. 
 3.5. Confidentiality. Each
Investor agrees that such Investor will keep confidential and will not disclose, divulge, or use for any purpose (other than to monitor its investment in the Company) any confidential information obtained from the Company pursuant to the terms of
this Agreement (including notice of the Company’s intention to file a registration statement), unless such confidential information (a) is known or becomes known to the public in general (other than as a result of a breach of this
Section 3.5 by such Investor), (b) is or has been independently developed or conceived by the Investor without use of the Company’s confidential information, or (c) is or has been made known or disclosed to the Investor by
a third party without a breach of any obligation of confidentiality such third party may have to the Company; provided, however, that an Investor may disclose confidential information (i) to its investors, partners and to its
attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with monitoring its investment in the Company; (ii) to any prospective purchaser of any Registrable Securities from such
Investor, if such prospective purchaser agrees to be bound by the provisions of this Section 3.5; or (iii) as may otherwise be required by law, provided that the Investor promptly notifies the Company of such disclosure and
takes reasonable steps to minimize the extent of any such required disclosure. 
  

	 	4.	 Rights to Future Stock Issuances. 

4.1. Right of First Offer. Subject to the terms and conditions of this Section 4.1 and
applicable securities laws, if the Company proposes to offer or sell any New Securities, the Company shall first offer such New Securities to each Investor. 

(a) The Company shall give notice (the “Offer Notice”) to each Investor, stating
(i) its bona fide intention to offer such New Securities, (ii) the number of such New Securities to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such New Securities. 

(b) By notification to the Company within twenty (20) days after the Offer Notice is given, each
Investor may elect to purchase or otherwise acquire, at the price and on the terms specified in the Offer Notice, up to that portion of such New Securities which equals the proportion that the Common Stock issued and held, or issuable (directly or
indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Investor bears to the total number of shares of Common Stock of the Company issued and beneficially held, or
issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by all the Investors. At the expiration of such twenty (20) day period, the Company shall
promptly notify each Investor that elects to purchase or acquire all the shares available to it (each, a “Fully Exercising Investor”) of any other Investor’s failure to do likewise. During the ten (10) day period
commencing after the Company has given such notice, each Fully Exercising 

  
 - 17 -

 
Investor may, by giving notice to the Company, elect to purchase or acquire, in addition to the number of shares specified above, up to that portion of the New Securities for which Investors were
entitled to subscribe but that were not subscribed for by the Investors which is equal to the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of Preferred Stock
and any other Derivative Securities then held, by such Fully Exercising Investor bears to the number of shares of Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred
Stock and any other Derivative Securities then held, by all Fully Exercising Investors who wish to purchase such unsubscribed shares. The closing of any sale pursuant to this Section 4.1(b) shall occur within the later of ninety
(90) days of the date that the Offer Notice is given and the date of the initial sale of New Securities pursuant to Section 4.1(c). 

(c) If all New Securities referred to in the Offer Notice are not elected to be purchased or acquired as
provided in Section 4.1(b), the Company may, during the ninety (90) day period following the expiration of the periods provided in Section 4.1(b), offer and sell the remaining unsubscribed portion of such New Securities
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 Offer Notice. If the Company does not enter into an agreement for the sale of the New Securities within such period, or
if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such New Securities shall not be offered unless first reoffered to the Investors in accordance
with this Section 4.1. 
 (d) The right of first offer in this
Section 4.1 shall not be applicable to (i) Exempt Securities (as defined in the Company’s Certificate of Incorporation), (iii) up to 846,475 shares of Series D Preferred Stock issued pursuant to that certain Purchase
Agreement, dated as of the date hereof, by and among the Company and certain of the Investors; and (iii) shares of Common Stock issued in the IPO. 

4.2. Termination. The covenants set forth in Section 4.1 shall terminate and be of no
further force or effect (i) upon the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon the consummation of a
Liquidation, as such term is defined in the Company’s Certificate of Incorporation, whichever event occurs first. 
 4.3. Waiver. The rights set forth in Section 4 may not be waived, terminated or amended on behalf of all investors without approval or written consent of (a) the holders of at
least sixty-seven percent (67%) of the then outstanding shares of the Series A Preferred Stock entitled to vote (voting as a separate class), (b) the holders of at least sixty-seven percent (67%) of the then outstanding shares of the
Series B Preferred Stock entitled to vote (voting as a separate class), (c) the holders of at least eighty percent (80%) of the then outstanding shares of the Series C Preferred Stock entitled to vote (voting as a separate class),
(d) the holders of at least seventy percent (70%) of the then outstanding shares of the Series D Preferred Stock entitled to vote (voting as a separate 

  
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class), (e) the holders of at least sixty-seven percent (67%) of the then outstanding shares of the Common Stock entitled to vote (voting as a separate class), and (f) Prism.

  

	 	5.	 Additional Covenants. 

5.1. Employee Stock. Unless otherwise approved by the Board of Directors (or the compensation
committee thereof), all future employees and consultants of the Company who purchase, receive options to purchase, or receive awards of shares of the Company’s capital stock after the date hereof shall be required to execute restricted stock or
option agreements, as applicable, providing for (a) vesting of shares over a four (4) year period, with the first twenty-five percent (25%) of such shares vesting following twelve (12) months of continued employment or service,
and the remaining shares vesting in equal monthly installments over the following thirty-six (36) months, provided, that vesting of any such shares may be accelerated upon the approval of the Company’s Board of Directors (or the
compensation committee thereof), and (b) unless required to become a party to this Agreement, a market stand off provision substantially similar to that in Section 2.11. In addition, unless otherwise approved by the Board of
Directors (or the compensation committee thereof), the Company shall retain a “right of first refusal” on employee transfers until the Company’s IPO and shall have the right to repurchase unvested shares at cost upon termination of
employment of a holder of restricted stock. 
 5.2. Board Matters. Unless otherwise
determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least monthly in accordance with an agreed-upon schedule. The Company shall reimburse the nonemployee directors for all reasonable
out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings of the Board of Directors. 

5.3. Successor Indemnification. If the Company or any of its successors or assignees consolidates
with or merges into any other Person and is not the continuing or surviving corporation or entity of such consolidation or merger, then to the extent necessary, proper provision shall be made so that the successors and assignees of the Company
assume the obligations of the Company with respect to indemnification of members of the Board of Directors as in effect immediately before such transaction, whether such obligations are contained in the Company’s Bylaws, its Certificate of
Incorporation, or elsewhere, as the case may be. 
 5.4. Insurance. The Company shall use
its commercially reasonable efforts to maintain from a financially sound and reputable insurer, Directors and Officers liability insurance in an amount and on terms and conditions satisfactory to the Board of Directors until such time as the Board
of Directors determines that such insurance should be discontinued. 
 5.5. Termination of
Covenants. The covenants set forth in this Section 5, except for Section 5.3, shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO or (ii) when the Company
first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii)

  
 - 19 -

 
upon a Liquidation, as such term is defined in the Company’s Certificate of Incorporation, whichever event occurs first. 

 

	 	6.	 Miscellaneous. 

 6.1. Successors and Assigns. The rights under this Agreement may be assigned (but only with all related obligations) by a Holder to a transferee of Registrable Securities that (i) is an
Affiliate of a Holder; (ii) is a Holder’s Immediate Family Member or trust for the benefit of an individual Holder or one or more of such Holder’s Immediate Family Members; or (iii) after such transfer, holds either (A) at
least 100,000 shares of Registrable Securities, or (B) in the event the transferring Holder held less than 100,000 shares of Registrable Securities, all of the shares of Registrable Securities of such transferring Holder; provided,
however, that (x) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the Registrable Securities with respect to which such rights are being
transferred; and (y) such transferee agrees in a written instrument delivered to the Company to be bound by and subject to the terms and conditions of this Agreement, including the provisions of Section 2.11. For the purposes of
determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee (1) that is an Affiliate of a Holder; (2) who is a Holder’s Immediate Family Member; or (3) that is a trust for the
benefit of an individual Holder or such Holder’s Immediate Family Member shall be aggregated together and with those of the transferring Holder; provided further that all transferees who would not qualify individually for assignment of rights
shall have a single attorney-in-fact for the purpose of exercising any rights, receiving notices, or taking any action under this Agreement. The terms and conditions of this Agreement inure to the benefit of and are binding upon the respective
successors and permitted assignees of the parties. 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 assignees any rights, remedies,
obligations or liabilities under or by reason of this Agreement, except as expressly provided herein. 
 6.2. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable
principles of conflicts of law. 
 6.3. Counterparts; Facsimile. 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. This Agreement may also be executed and delivered by facsimile signature and 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. 
 6.4. Titles and Subtitles. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement. 

  
 - 20 -

 6.5. Notices. All notices and other communications
given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt or: (i) personal delivery to the party to be notified; (ii) when sent, if sent by electronic mail or
facsimile during the recipient’s normal business hours, and if not sent during normal business hours, then on the recipient’s next business day; (iii) five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid; or (iv) one (1) business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt. All
communications shall be sent to the respective parties at their address as set forth on Schedule A hereto, or to such email address, facsimile number or address as subsequently modified by written notice given in accordance with this
Section 6.5. If notice is given to the Company, it shall be sent to Angie’s List, Inc., 1030 East Washington Street, Indianapolis, Indiana 46202, Attention: Chief Executive Officer; and a copy (which shall not constitute notice)
shall also be sent to Ice Miller LLP, One American Squire, Suite 2900, Indianapolis, Indiana 46228, Attention: Kristine C. Danz, facsimile (317) 592-4811. 

6.6. Amendments and Waivers. Except as provided in Section 4.3, 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
sixty-seven percent (67%) of the Registrable Securities; provided that the definition of Major Investor, Sections 3.1, 3.2, and 3.4 may be amended and the observance of any term thereof may be waived (either
generally or in a particular instance, and either retroactively or prospectively) with respect to each Major Investor only with the written consent of such Major Investor; provided further that Section 3.3 may be amended and the
observance of any term thereof may be waived (either generally or in a particular instance, and either retroactively or prospectively) with respect to each Observer Party only with the written consent of such Observer Party for so long as such holds
any share of capital stock of the Company; provided further that the Company may in its sole discretion waive compliance with Section 2.12(c) (and the Company’s failure to object promptly in writing after notification of a
proposed assignment allegedly in violation of Section 2.12(c) shall be deemed to be a waiver); and provided further that any provision hereof may be waived by any waiving party on such party’s own behalf, without the consent of any
other party. Notwithstanding the foregoing, no amendment, modification, or waiver of any provision of this Agreement shall, without the prior written consent of the affected Investor, adversely affect the rights or obligations of such Investor in a
manner disproportionate from any other Investor of the same class of Registrable Securities. The Company shall give prompt notice of any amendment or termination hereof or waiver hereunder to any party hereto that did not consent in writing to such
amendment, termination, or waiver. Any amendment, termination, or waiver effected in accordance with this Section 6.6 shall be binding on all parties hereto, regardless of whether any such party has consented thereto. No waivers of or
exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision. 

  
 - 21 -

 6.7. Severability. In case any one or more of the
provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and such invalid, illegal,
or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 

6.8. Aggregation of Stock. All shares of Registrable Securities held or acquired by Affiliates
shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate. 

6.9. Additional Investors. Notwithstanding anything to the contrary contained herein, if the
Company issues additional shares of the Preferred Stock or Common Stock after the date hereof, any purchaser of such shares of Preferred Stock or Common Stock may become a party to this Agreement by executing and delivering an additional counterpart
signature page to this Agreement, and thereafter shall be deemed an “Investor” for all purposes hereunder. No action or consent by the Investors shall be required for such joinder to this Agreement by such additional Investor, so long as
such additional Investor has agreed in writing to be bound by all of the obligations as an “Investor” hereunder. 
 6.10. Entire Agreement. This Agreement (including any Schedules and Exhibits hereto) 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. 
 6.11. Dispute Resolution. The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the federal and state courts located within the geographic boundaries of the
United States District Court for the District of Delaware for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding arising out of or
based upon this Agreement except in the federal and state courts located within the geographic boundaries of the United States District Court for the District of Delaware, and (c) hereby waive, and agree not to assert, by way of motion, as a
defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or
proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. The prevailing party shall be entitled to
reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief to which such party may be entitled. Each of the parties to this Agreement consents to personal jurisdiction for any equitable action sought in the
U.S. District Court for the District of Delaware or any court of the State of Delaware having subject matter jurisdiction. 

  
 - 22 -

 6.12. Delays or Omissions. No delay or omission to
exercise any right, power, or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching or nondefaulting party, nor shall
it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default
theretofore or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 

6.13. Acknowledgment. The Company acknowledges that certain of the Investors are in the business of
making venture capital or private equity investments and therefore review the business plans and related proprietary information of many enterprises, including enterprises which may have products or services which compete directly or indirectly with
those of the Company. Nothing in this Agreement shall preclude or in any way restrict the Investors from investing or participating in any particular enterprise whether or not such enterprise has products or services which compete with those of the
Company. 
 6.14. Titles and Subtitles. The titles of the sections and subsections of this
Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 
 6.15. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 

6.16. No Effect Upon Lending Relationships. Anything herein contained to the contrary
notwithstanding, nothing contained in this Agreement shall affect, limit or impair the rights and remedies of Prism, or any other lender in its capacity as a lender to the Company or any of its Affiliates (“Subject Person”) pursuant
to any agreement, document or instrument under which the Company or any of its Affiliates has borrowed money or received other financial accommodations. Without limiting the generality of the foregoing, no Subject Person, in exercising its rights,
remedies or claims as a lender or other creditor, shall have any duty to consider (a) its status as a direct or indirect stockholder of the Company, (b) the interests of the Company or any of its Affiliates, or (c) any duty it may
have to any other direct or indirect stockholder of the Company, except, with respect to the foregoing clauses (b) and (c), as may be required under the applicable loan documents or by non-waivable commercial law applicable to creditors
generally. Each Investor and the Company hereby acknowledge and understand that the Subject Persons have acquired certain Registrable Securities and such Subject Person, or certain of its Affiliates, are lenders to the Company and/or its Affiliates
and the potential conflict of interest of the Subject Persons as holders of Registrable Securities and as lenders, or Affiliates of lenders, to the Company and/or its Affiliates and hereby consent thereto. 

[Remainder of Page Intentionally Left Blank] 

  
 - 23 -

 IN WITNESS WHEREOF, the Company has executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	ANGIE’S LIST, INC.
		
	 By: 
	 	 /s/ William S. Oesterle

		 	 William S. Oesterle, CEO

  
 S-1

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

			
	“INVESTOR”
	
	 T. ROWE PRICE ASSOCIATES, INC.,

	 Investment Adviser, for and on behalf of the advisory clients listed
below:

	
	T. Rowe Price Global Technology Fund, Inc.
	TD Mutual Funds – TD Science & Technology Fund
		
	 By:
	 	 /s/ David Eiswert

	 Name:
	 	 David Eiswert

	 Title:
	 	 VP

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

			
	“INVESTOR”
	
	 T. ROWE PRICE ASSOCIATES, INC.,

	 Investment Adviser, for and on behalf of the advisory clients listed
below:

	
	T. Rowe Price New Horizons Fund, Inc.
	T. Rowe Price New Horizons Trust
	T. Rowe Price U.S. Equities Trust
		
	By:	 	 /s/ Henry M. Ellenbogen

	Name:	 	Henry M. Ellenbogen
	Title:	 	Vice President

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

			
	“INVESTOR”
	
	 T. ROWE PRICE ASSOCIATES, INC.,

	 Investment Adviser, for and on behalf of the advisory clients listed
below:

	
	T. Rowe Price Science & Technology Fund, Inc.
	Valic Company I – Science & Technology Fund
	John Hancock Trust – Science & Technology Trust
		
	By:	 	 /s/ Ken Allen

	Name:	 	 Ken Allen

	Title:	 	 VP

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

					
	“INVESTOR”
	
	 WASATCH FUNDS TRUST

	 for Wasatch Small Cap Growth Fund

	
	By: Wasatch Advisors, Inc.
	         Its Investment Advisor

		
	By: 	 	 /s/ Mike Yeates

		 	Name:	 	 Mike Yeates

		 	Title:	 	Vice President

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

					
	“INVESTOR”
	
	 CROSS CREEK CAPITAL

	 EMPLOYEES’ FUND, L.P.

		
	By:	 	 Cross Creek Capital GP, L.P.

		 	Its Sole General Partner
		
	By:	 	Cross Creek Capital, LLC
		 	Its Sole General Partner
		
	By:	 	Wasatch Advisors, Inc.
		 	Its Sole Member
		
	By: 	 	 /s/ Mike Yeates

		 	Name:	 	 Mike Yeates

		 	Title:	 	Vice President

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

					
	“INVESTOR”
	
	 CROSS CREEK CAPITAL, L.P.

		
	By:	 	Cross Creek Capital GP, L.P.
		 	Its Sole General Partner
		
	By:	 	Cross Creek Capital, LLC
		 	Its Sole General Partner
		
	By:	 	Wasatch Advisors, Inc.
		 	Its Sole Member
		
	By: 	 	 /s/ Mike Yeates

		 	Name:	 	 Mike Yeates

		 	Title:	 	Vice President

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

			
	“INVESTOR”
	
	 Capital Research and Management Company

	 As Investment Advisor to and on behalf of the following Participating Fund:

		 	SMALL CAP World Fund
		
	By:	 	/s/ Michael J. Downer
		 	 Michael J. Downer, Senior Vice President and Secretary

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: March 15, 2011 

 

	
	“INVESTOR”
	
	/s/ Eric Semler
	 Eric Semler

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: May 17, 2011 

 

			
	“INVESTOR”
	
	 C2 Capital Limited

		
	By:	 	/s/ Chih T. Cheung
	Name:	 	 Chih T. Cheung

	Title:	 	Executive Director

  
 S-2

 Counterpart Signature Page 

to 

Amended and Restated Investors’ Rights Agreement 

IN WITNESS WHEREOF, the undersigned Investor hereby executes this counterpart signature page to that certain Amended and
Restated Investors’ Rights Agreement, by and among Angie’s List, Inc., a Delaware corporation (the “Company”), and the investors in Company listed as parties thereto (the “Agreement”), and hereby
authorizes this signature page to be attached as a counterpart to the Agreement. The undersigned Investor hereby agrees to be bound by, and shall be entitled to the rights and benefits of, the terms and provisions of the Agreement, effective as of
the date set forth below. 
 Date: May 17, 2011 

 

			
	“INVESTOR”
	
	 OSON VI, LLC

		
	By:	 	/s/ Dale LeFebvre
	Name:	 	 Dale LeFebvre

	Title:	 	Managing Partner

  
 S-2

 SCHEDULE A 

INVESTORS 
  

			
	 Name and Address
	 	  
	 TRI Investments, LLC
 711 Boylston Avenue
 Boston, MA 02116

Attn: John H. Chuang
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

             [personally identifiable information
withheld]
	 	
		
	 William S. Oesterle
 1030 E. Washington Street, Suite 100
 Indianapolis, IN 46202

Facsimile: [personally identifiable information withheld]
 Email: [personally identifiable information withheld]
	 	
		
	 Michael Holt
 [personally identifiable information withheld]
 Facsimile: [personally identifiable
information withheld]
 Email: [personally identifiable information withheld]
	 	
		
	 Cardinal Ventures, LLC
 280 East 96th
Street, Suite 350
 Indianapolis, IN 46240
 Attn: John Ackerman
 Facsimile: [personally identifiable information
withheld]
 Email: [personally identifiable information withheld]
	 	
		
	 Peter Coolidge
 [personally identifiable information withheld]
 Email: [personally identifiable
information withheld]
	 	
		
	 The Paige Trust
 The
Grace Trust
 [personally identifiable information withheld]

Email: [personally identifiable information withheld]
	 	

  
 A-1

	
	 Madeira Partners, L.P.

White River Venture Partners L.P.
 3603 E. Raymond Street
 Indianapolis, IN 46203-4762

Attn: Samuel B. Sutphin II
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

	
	 City Investment Group, LLC
 30 South Meridian Street, Suite 600
 Indianapolis, IN 46204

Attn: Michael Bosway
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

	
	 BV Capital GmbH & CO Beteiligungs KG NO. 1
 BV Capital Fund II, L.P.
 BV Capital Fund II – A, L.P.

600 Montgomery Street, 43rd Floor
 San Francisco, CA 94111
 Attention: Mathias Schilling

Facsimile: [personally identifiable information withheld]
 Email: [personally identifiable information withheld]

	
	 Allan B. Hubbard
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Henry Hauser
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Angie Hicks-Bowman
 [personally identifiable information withheld]
 Facsimile: [personally identifiable
information withheld]
 Email: [personally identifiable information withheld]

	
	 Arthur J. Isaac, III
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

  
 A-2

	
	 Scott A. Brenton
 [personally identifiable information withheld]
 Facsimile: [personally identifiable
information withheld]
 Email: [personally identifiable information withheld]

	
	 John W. Biddinger
 [personally identifiable information withheld]
 Facsimile: [personally identifiable
information withheld]
 Email: [personally identifiable information withheld]

	
	 James L. Smeltzer
 [personally identifiable information withheld] 
 Facsimile: [personally
identifiable information withheld]
 Email: [personally identifiable information withheld]

	
	 Thomas Hulbert
 [personally identifiable information withheld] 
 Email: [personally
identifiable information withheld]

	
	 Michael Bosway
 c/o City Investment Group, LLC
 30 South Meridian Street

Suite 600

Indianapolis, IN 46204
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

	
	 Sara Lou

[personally identifiable information withheld]
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

	
	 Loree Myers
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Keith A. Midkiff
 [personally identifiable information withheld]
 Facsimile: [personally identifiable
information withheld]
 Email: [personally identifiable information withheld]

  
 A-3

	
	 Melissa Oesterle
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Heidi Birky-Goldman
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Rao Unnava
 [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 Gary Rush

[personally identifiable information withheld]
 Email: [personally identifiable information withheld]

	
	 Battery Ventures VIII, (AIV III) L.P.
 Battery Ventures VIII, L.P.
 2884 Sand Hill Road, Suite 101

Menlo Park, CA 94205
 Attention: Roger Lee
 Facsimile: [personally identifiable information
withheld]
 Email: [personally identifiable information withheld]

	
	 Prism Mezzanine Fund SBIC, L.P.
 444 North Michigan Avenue, Suite 1910
 Chicago, Illinois 60611

Attention: William G. Harlan, Jr.
 Facsimile: [personally identifiable information withheld]
 Email:
[personally identifiable information withheld]

	
	 AL I CO-INVEST, LLC
 c/o Prism Mezzanine Fund SBIC, L.P.
 444 North Michigan Avenue, Suite
1910
 Chicago, Illinois 60611
 Attention: William G. Harlan, Jr.
 Facsimile: [personally identifiable information
withheld]
 Email: [personally identifiable information withheld]

  
 A-4

	
	 Purdue Research Foundation, Inc.
 Kurz Purdue Technology Center
 1281 Win Hentschel Blvd

West Lafayette, Indiana 47906-1075
 Attention:
Joseph B. Hornett
 Facsimile: [personally identifiable information withheld]
 Email: [personally identifiable information withheld]
  
 Lighthouse Capital Partners VI, L.P.
 3555 Alameda de las Pulgas, Suite
200
 Menlo Park, California 94025
 Attention: Contracts Administration
 Facsimile: [personally identifiable
information withheld]
  
 T. Rowe Price New Horizons Fund,
Inc.
 T. Rowe Price New Horizons Trust
 T. Rowe U.S. Equities Trust
 T. Rowe Price Global Technology Fund, Inc.

TD Mutual Funds - TD Science & Technology Fund
 T. Rowe Price Science & Technology Fund, Inc.
 Valic Company I – Science &
Technology Fund
 John Hancock Trust – Science & Technology Trust

c/o T. Rowe Price Associates, Inc.
 100 East Pratt Street
 Baltimore, Maryland 21202

Attention: Margie Schwartz, Lead Legal Analyst
                   Andrew Baek, Vice-President

	
	 Roger Greene
 [personally identifiable information withheld]

	
	 Willis Huiras
 [personally identifiable information withheld]
 Email: [personally identifiable
information withheld]
 Facsimile: [personally identifiable information withheld]

	
	 Michael S. Maurer, Self-Directed IRA #4
 [personally identifiable information withheld]
 Attention: Michael S.
Maurer

	
	 Michael D. Robertson and Kimberly A. Robertson
 Trustees of the Robertson Family Trust, 8/11/03
 [personally identifiable
information withheld]

  
 A-5

	
	 Cross Creek Capital, L.P.

Cross Creek Capital Employees’ Fund, L.P.
 Wasatch Small Cap Growth Fund
 150 Social Hall Avenue, 4th Floor

Salt Lake City, Utah 84111
 Attention: Karey Barker
 Facsimile: [personally identifiable information
withheld]

	
	 Saints Capital VI, L.P.
 475 Sansome Street Suite 1850
 San Francisco, CA 94111

Attention: David Quinlivan
 Facsimile: [personally identifiable information withheld]

	
	 REKC Management
 23302 Holly Creek Trail
 Tomball, Texas 77377

Attention: Richard E. Rush, President
 Email: [personally identifiable information withheld]

	
	 Carson William Chemerinski
 [personally identifiable information withheld]
 Email: [personally identifiable
information withheld]

	
	 SMALLCAP World Fund
 c/o Capital Research and Management Company
 333 S. Hope Street, 55th Floor

Los Angeles, California 90071
 Attention: Don Rolfe and Michael Triessl
 Email: [personally identifiable
information withheld]

	
	 Eric Semler
 TCS Capital Management, LLC
 888 Seventh Avenue, Suite 1504

New York, New York 10019
 Facsimile: [personally identifiable information withheld]
 Email: [personally
identifiable information withheld]

	
	 C2
Capital Limited
 Room 1708 Dominion Centre

43-59 Queen’s Road East
 Wanchai, Hong Kong
 Attention: Chih T Cheung

Email: [personally identifiable information withheld]
 Facsimile: [personally identifiable information withheld]

  
 A-6

	
	 OSON VI, LLC
 2710 Foxhall Road
 Washington, DC 20007

Attention: Dale LeFebvre
 Email: [personally identifiable information withheld]
 Facsimile: [personally
identifiable information withheld]

	
	 AL BV Investment, Inc.
 c/o Angie’s List, Inc.
 1030 East Washington Street

Indianapolis, Indiana 46202
 Attention: Chief Executive Officer

  
 A-7

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