Document:

EX-4.2

 Exhibit 4.2 

ROBLOX CORPORATION 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

This Amended and Restated Investors’ Rights Agreement (the “Agreement”) is made as of January 6, 2021, by
and among Roblox Corporation, a Delaware corporation (the “Company”), and the investors listed on Exhibit A hereto, each of which is herein referred to as an “Investor.” 

RECITALS 
 WHEREAS,
the Company and certain of the Investors are entering into a Series H Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith pursuant to which the Company shall sell to such Investors and
such Investors shall purchase from the Company shares of the Company’s Series H Preferred Stock. A condition to the Investors’ obligations under the Purchase Agreement is that the Company and the Investors enter into this Agreement in
order to provide the Investors (i) certain rights to register shares of Common Stock issuable upon conversion of the Series H Preferred Stock held by the Investors, (ii) certain rights to receive or inspect information pertaining to
the Company, and (iii) certain rights of first refusal with respect to future issuances of the Company’s securities. 

WHEREAS, certain of the Investors hold shares of the Company’s Series A Preferred Stock, Series B Preferred Stock, Series C
Preferred Stock, Series D Preferred Stock, Series D-1 Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock or Common Stock issued upon conversion thereof (the
“Existing Investors”) and possess certain registration rights, information rights, and other rights pursuant to an Amended and Restated Investors’ Rights Agreement dated as of February 27, 2020, among the Company
and such Existing Investors, as amended by the Company and the Existing Investors on November 25, 2020 (the “Prior Rights Agreement”). 

WHEREAS, the Company and the Existing Investors desire to amend and restate the Prior Rights Agreement in its entirety. 

WHEREAS, it is a further condition to the closing of the sale of the Series H Preferred Stock pursuant to the Purchase Agreement that
the Existing Investors holding at least a majority of the Registrable Securities (as defined below) execute and deliver this Agreement and agree that this Agreement will amend and restate the Prior Rights Agreement in its entirety. 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Company and the Existing Investors hereby
agree that the Prior Rights Agreement shall be superseded and replaced in its entirety by this Agreement, and the Company and the Investors hereby agree as follows: 

AGREEMENT 
 The parties
hereby agree as follows: 
 1.    Registration Rights. The Company and the Investors covenant and agree as
follows: 
 1.1    Definitions. For purposes of this Agreement: 

(a)    “Common Stock” means the Class A common stock and Class B common stock of the
Company. 

 (b)    The terms “register,”
“registered,” and “registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Securities Act of 1933, as amended (the
“Securities Act”), and the declaration or ordering of effectiveness of such registration statement or document; 

(c)    The term “Registrable Securities” means (i) Common Stock held by an Investor,
(ii) shares of Common Stock issuable or issued upon conversion of the Preferred Stock, other than shares for which registration rights have terminated pursuant to Section 1.15 hereof and (iii) any other shares of Common Stock issued
as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares listed in (i) and (ii); provided,
however, that the foregoing definition shall exclude in all cases any Registrable Securities sold by a person in a transaction in which his or her rights under this Agreement are not assigned. Notwithstanding the foregoing, Common Stock or other
securities shall only be treated as Registrable Securities if and so long as they have not been (A) sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, or (B) sold in a
transaction exempt from the registration and prospectus delivery requirements of the Securities Act under Section 4(a)(1) thereof so that all transfer restrictions, and restrictive legends with respect thereto, if any, are removed upon the
consummation of such sale; 
 (d)    Subject to Section 1.1(c)(ii), the term “Holder”
means any person owning or having the right to acquire Registrable Securities or any assignee thereof in accordance with Section 1.12 of this Agreement; 

(e)    The term
“Form S-3” means such form under the Securities Act as in effect on the date hereof or any successor form under the Securities Act that
permits significant incorporation by reference of the Company’s subsequent public filings under the Securities Exchange Act of 1934; 

(f)    The term “Preferred Stock” means the Series A Preferred Stock, Series B Preferred Stock,
Series C Preferred Stock, Series D Preferred Stock, Series D-1 Preferred Stock, Series E Preferred Stock, Series F Preferred Stock , Series G Preferred Stock and Series H Preferred Stock of the Company;

 (g)    The term “Qualified Public Offering” has the meaning set forth in the Restated
Certificate; 
 (h)    The term “Restated Certificate” means the Company’s Amended and
Restated Certificate of Incorporation, as amended from time to time; and 
 (i)    The term
“SEC” means the Securities and Exchange Commission. 
 1.2    Requested Registration.

 (a)    Subject to the conditions set forth in this Section 1.2, if the Company shall receive from any Holder or
Holders of not less than fifty percent (50%) of the Registrable Securities a written request that the Company effect any registration with respect to all or a part of the Registrable Securities (such request shall state the number of shares of
Registrable Securities to be disposed of by such Holder or Holders), the Company will: 
 (1)    promptly give written
notice of the proposed registration to all other Holders; and 

  
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 (2)    as soon as practicable, file as expeditiously as reasonably
possible, and in any event no later than ninety (90) days following the receipt of such written request, and use its commercially reasonable efforts to effect such registration (including, without limitation, filing post-effective
amendments, appropriate qualifications under applicable blue sky or other state securities laws, and appropriate compliance with the Securities Act) and to permit or facilitate the sale and distribution of all of such Registrable Securities as are
specified in such request, together with all of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request received by the Company within twenty (20) days after such written notice from the
Company is mailed or delivered. 
 (b)    Limitations on Requested Registration. The Company shall
not be obligated to effect, or to take any action to effect, any such registration pursuant to this Section 1.2: 

(1)    Prior to the earlier of one hundred eighty (180) days following the effective date of the first registration
statement filed by the Company covering a Qualified Public Offering (as defined in the Restated Certificate); 

(2)    If the Holder or Holders of not less than fifty percent (50%) of the Registrable Securities, together with the
holders of any other securities of the Company entitled to inclusion in such registration statement, propose to sell Registrable Securities and such other securities the aggregate proceeds of which (after deduction for underwriter’s discounts
and expenses related to the issuance) are less than $20,000,000; 
 (3)    In any particular jurisdiction in which the
Company would be required to execute a general consent to service of process in effecting such registration, qualification, or compliance, unless the Company is already subject to service in such jurisdiction and except as may be required by the
Securities Act; 
 (4)    After the Company has initiated two such registrations pursuant to this Section 1.2
(counting for these purposes only (x) registrations which have been declared or ordered effective and pursuant to which securities have been sold, and (y) withdrawn registrations); 

(5)    During the period starting with the date sixty (60) days prior to the Company’s good faith estimate of
the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of, a Company-initiated registration; provided that the Company is actively employing in good faith commercially reasonable efforts to
cause such registration statement to become effective; 
 (6)    If the Holders propose to dispose of shares of
Registrable Securities that may be registered on Form S-3 pursuant to a request made under Section 1.4; 

(7)    If the Holders do not request that such offering be firmly underwritten by underwriters selected by the Holders
(subject to the consent of the Company); or 
 (8)    If the Company and the Holders are unable to obtain the
commitment of the underwriter described in clause (b)(7) above to firmly underwrite the offer. 

(c)    Deferral. If (i) in the good faith judgment of the board of directors of the Company,
the filing of a registration statement covering the Registrable Securities would be materially detrimental to the Company and the board of directors of the Company concludes, as a result, that it is in the best interests of the Company to defer the
filing of such registration statement at such time, and (ii) the Company shall furnish to such Holders a certificate signed by the President of the Company stating that in 

  
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the good faith judgment of the board of directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is,
therefore, in the best interests of the Company to defer the filing of such registration statement, then (in addition to the limitations set forth in Section 1.2(b)(5) above) the Company shall have the right to defer such filing for a period of
not more than one hundred ninety (190) days after receipt of the request of the Holders, and, provided further, that the Company shall not defer its obligation in this manner more than twice for an aggregate one hundred ninety
(190) day period in any twelve-month period; and provided further, that the Company shall not register any securities for the account of itself or any other shareholder during any such one hundred ninety (190) day period (other than
a registration relating solely to employee benefit plans, a registration relating to the offer and sale of debt securities, or a registration relating to a corporate reorganization or other Rule 145 transaction). 

(d)    Underwriting. Unless the Registrable Securities may be registered by the Company on Form S-3, the right of any Holder to include all or any portion of its Registrable Securities in such registration pursuant to this Section 1.2 shall be conditioned upon such Holder’s participation in
such underwriting and the inclusion of such Holder’s Registrable Securities to the extent provided herein. If the Company shall request inclusion in any registration pursuant to Section 1.2 of securities being sold for its own account, or
if other persons shall request inclusion in any registration pursuant to Section 1.2, the Holders shall, on behalf of all Holders, offer to include such securities in the underwriting and such offer shall be conditioned upon the participation
of the Company or such other persons in such underwriting and the inclusion of the Company’s and such person’s other securities of the Company and their acceptance of the further applicable provisions of this Section 1 (including
Section 1.13). The Company shall (together with all Holders proposing to distribute their securities through such underwriting) enter into an underwriting agreement in customary form with the representative of the underwriter or underwriters
selected for such underwriting by a majority-in-interest of the Holders, which underwriters are reasonably acceptable to the Company. 

Notwithstanding any other provision of this Section 1.2, if the underwriters advise the Holders in writing that marketing factors require
a limitation on the number of shares to be underwritten, the number of Registrable Securities that may be so included shall be allocated among all Holders requesting to include Registrable Securities in such registration statement based on the
pro rata percentage of Registrable Securities held by such Holders, assuming conversion; provided, however, that the number of shares of Registrable Securities to be included in such underwriting and registration shall not be reduced unless
all other securities of the Company are first entirely excluded from the underwriting and registration. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder which is a holder of Registrable Securities and
which is a venture capital fund, partnership or corporation, the affiliated venture capital funds, partners, retired partners, members, former members and stockholders of such holder, or the estates and family members of any such partners and
retired partners, members and former members and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “selling stockholder,” and any pro-rata reduction with
respect to such “selling stockholder” shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such “selling stockholder,” as defined in this sentence. 

If a person who has requested inclusion in such registration as provided above does not agree to the terms of any such underwriting, such
person shall be excluded therefrom by written notice from the Company, the underwriter or the Holders. The securities so excluded shall also be withdrawn from registration. Any Registrable Securities or other securities excluded or withdrawn from
such underwriting shall also be withdrawn from such registration. If shares are so withdrawn from the registration and if the number of shares to be included in such registration was previously reduced as a result of marketing factors pursuant to
this Section 1.2, then the Company shall then offer to all Holders who have retained rights to include securities in the registration the right to include additional Registrable Securities in the registration in an aggregate amount equal to the
number of shares so withdrawn, with such shares to be allocated among such Holders requesting additional inclusion, as set forth above. 

  
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 (e)    Direct Listing. Notwithstanding any other
provision of this Section 1.2, if the Company undertakes the registration of shares of its existing capital stock pursuant to an effective registration statement filed under the Securities Act which constitutes a Qualified Public Offering
pursuant to Article IV, Section (4)(b)(i)(B) of the Restated Certificate, the Company will promptly cause to be registered for resale under the Securities Act that number of Registrable Securities for which Rule 144 or another similar exemption
under the Securities Act is not available at the time of such registration (provided that if the Company does not register all Registrable Securities held by Holders who are deemed affiliates for purposes of Rule 144, the percentage of
Registrable Securities that shall be registered on behalf of such affiliates shall be consistent with respect to all such affiliates), and to use its commercially reasonable efforts to keep such registration statement effective for one hundred
eighty (180) days, or such lesser period of time until Rule 144 or another similar exemption under the Securities Act is available for the sale of such shares without registration. Notwithstanding the foregoing and in addition to resales, such
registration statement will provide for each Holder’s ability to distribute securities to affiliates, managers, members, partners, equity holders, and/or other interest holders. 

1.3    Company Registration. If (but without any obligation to do so) the Company proposes to register (including
for this purpose a registration effected by the Company for stockholders other than the Holders) any of its stock under the Securities Act in connection with the public offering of such securities solely for cash (other than a registration relating
solely to the sale of securities to participants in a Company stock plan or a transaction covered by Rule 145 under the Securities Act, a registration in which the only stock being registered is Common Stock issuable upon conversion of debt
securities which are also being registered, or any registration on any form which 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),
the Company shall, at such time, promptly give each Holder written notice of such registration. Upon the written request of a Holder given within ten (10) days after mailing of such notice by the Company in accordance with Section 4.4, the
Company shall, subject to the provisions of Section 1.8, cause to be registered under the Securities Act all of the Registrable Securities that each such Holder has requested to be registered. 

1.4    Form S-3 Registration. In case the Company shall receive from
any Holder or Holders of not less than fifty percent (50%) of the Registrable Securities then outstanding a written request or requests that the Company effect a registration on Form S-3 (or any similar
form) and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company will: 

(a)    promptly give written notice of the proposed registration, and any related qualification or compliance, to all
other Holders; and 
 (b)    as soon as practicable, and in any event no later than forty-five (45) days following
the receipt of such written request, effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all of such Holder’s or Holders’ Registrable
Securities as are specified in such request, together with all of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within 15 days after receipt of such written notice from
the Company; provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 1.4: (i) if Form S-3 (or any
similar form) is not available for such offering by the Holders; (ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such
other securities (if any) at an 

  
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aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $2,000,000; (iii) if the Company shall furnish to the Holders a certificate signed by the
President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such Form S-3
Registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 (or any similar form) registration statement for a period of not more than 90
days after receipt of the request of the Holder or Holders under this Section 1.4; provided, however, that the Company shall not utilize this right more than once in any twelve month period; (iv) if the Company has, within the twelve
(12) month period preceding the date of such request, already effected two (2) registrations on Form S-3 for the Holders pursuant to this Section 1.4; (v) in any particular
jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance; or (vi) during the period ending one hundred eighty
(180) days after the effective date of a registration statement for a Qualified Public Offering. 

1.5    Obligations of the Company. Whenever required under this Section 1 to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a)    Prepare and file with the
SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable
Securities registered thereunder, keep such registration statement effective for up to one hundred eighty (180) days. The Company shall not be required to file, cause to become effective or maintain the effectiveness of any registration
statement that contemplates a distribution of securities on a delayed or continuous basis pursuant to Rule 415 under the Securities Act. 

(b)    Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus
used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for up to one hundred eighty
(180) days. 
 (c)    Furnish to the Holders such numbers of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 

(d)    To the extent the Company is a well-known seasoned issuer (as defined in Rule 405 under the Securities Act) (a
“WKSI”) at the time any request for registration is submitted to the Company in accordance with Section 1.4, (i) if so requested, file an automatic shelf registration statement (as defined in Rule 405 under the
Securities Act) (an “automatic shelf registration statement”) to effect such registration, and (ii) remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the period
during which such automatic shelf registration statement is required to remain effective in accordance with this Agreement. 

(e)    Use its commercially 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 Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business
or to file a general consent to service of process in any such states or jurisdictions. 
 (f)    In the event of any
underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering. Each Holder participating in such underwriting shall also enter into
and perform its obligations under such an agreement. 

  
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 (g)    Notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, and following such
notification promptly prepare and furnish to such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall
not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing;. 

(h)    Cause all such Registrable Securities registered hereunder to be listed on each securities exchange on which
similar securities issued by the Company are then listed. 
 (i)    If at any time when the Company is required to re-evaluate its WKSI status for purposes of an automatic shelf registration statement used to effect a request for registration in accordance with Section 1.4 (i) the Company determines that it is not a
WKSI, (ii) the registration statement is required to be kept effective in accordance with this Agreement, and (iii) the registration rights of the applicable Holders have not terminated, promptly amend the registration statement onto a
form the Company is then eligible to use or file a new registration statement on such form, and keep such registration statement effective in accordance with the requirements otherwise applicable under this Agreement. 

(j)    If (i) a registration made pursuant to a shelf registration statement is required to be kept effective in
accordance with this Agreement after the third anniversary of the initial effective date of the shelf registration statement, (ii) the registration rights of the applicable Holders have not terminated and (iii) the Company is eligible at
such time to file a shelf registration statement on Form S-3, file a new registration statement with respect to any unsold Registrable Securities subject to the original request for registration prior to the
end of the three year period after the initial effective date of the shelf registration statement, and keep such registration statement effective in accordance with the requirements otherwise applicable under this Agreement. 

(k)    Provide a transfer agent and registrar for all Registrable Securities registered hereunder and a CUSIP number for
all such Registrable Securities, in each case not later than the effective date of such registration. 
 (l)    Use its
commercially reasonable efforts to furnish, at the request of any Holder requesting registration of Registrable Securities pursuant to this Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in
connection with a registration pursuant to this Section 1, if such securities are being sold through underwriters, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters and to the Holders requesting registration of Registrable Securities and (ii) a letter dated such date, from the independent
certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders
requesting registration of Registrable Securities. 
 1.6    Furnish Information. It shall be a condition
precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities of any 

  
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selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as
shall be required to effect the registration of such Holder’s Registrable Securities. The Company shall have no obligation with respect to any registration requested pursuant to Section 1.4 of this Agreement if, as a result of the
application of the preceding sentence, the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate
offering price required to originally trigger the Company’s obligation to initiate such registration as specified in subsection 1.4(b)(2), whichever is applicable. 

1.7    Expenses of Registration. 

(a)    Requested Registration. All expenses other than underwriting discounts and commissions incurred in
connection with registrations, filings or qualifications of Registrable Securities pursuant to Section 1.2 for each Holder (which right may be assigned as provided in Section 1.12), including (without limitation) all registration, filing,
and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holder or Holders selected by them (such fees and disbursements
not to exceed $50,000 for any registered offering), which approval shall not be unreasonably withheld, shall be borne by the Company. 

(b)    Company Registration. All expenses other than underwriting discounts and commissions incurred in
connection with registrations, filings or qualifications of Registrable Securities pursuant to Section 1.3 for each Holder (which right may be assigned as provided in Section 1.12), including (without limitation) all registration, filing,
and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holder or Holders selected by them (such fees and disbursements
not to exceed $50,000 for any registered offering), which approval shall not be unreasonably withheld, shall be borne by the Company. 

(c)    Registration on Form S-3. All expenses other than
underwriting discounts and commissions incurred in connection with a registration requested pursuant to Section 1.4, including (without limitation) all registration, filing, and qualification fees, printers’ and accounting fees, fees and
disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holder or Holders selected by them (such fees and disbursements not to exceed $50,000 for any registered offering), which approval
shall not be unreasonably withheld, shall be borne by the Company. 
 1.8    Underwriting Requirements. In
connection with any offering involving an underwriting of shares of the Company’s capital stock, the Company shall not be required under Section 1.3 to include any of the Holders’ securities in such underwriting unless they accept the
terms of the underwriting as agreed upon between the Company and the underwriters selected by it (or by other persons entitled to select the underwriters), and then only in such quantity as the underwriters determine in their sole discretion will
not jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds the amount of securities sold other than by the Company
that the underwriters determine in their sole discretion 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 determine in their sole discretion will not jeopardize the success of the offering (the securities so included to be apportioned pro rata among the selling stockholders according to the total amount of securities entitled to be included
therein owned by each selling stockholder or in such other proportions as shall mutually be agreed to by such selling stockholders) but in no event shall the amount of securities of the selling Holders included in the offering be reduced below
twenty percent (20%) of the total amount of securities included 

  
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in such offering, unless such offering is the first underwritten public offering of the Company’s securities, in which case, the selling stockholders may be excluded if the underwriters make
the determination described above and no other stockholder’s securities are included. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder which is a holder of Registrable Securities and which is a
venture capital fund, partnership or corporation, the affiliated venture capital funds, partners, retired partners, members, former members, and stockholders of such holder, or the estates and family members of any such partners and retired
partners, members and former members and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “selling stockholder,” and any pro-rata reduction with respect to
such “selling stockholder” shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such “selling stockholder,” as defined in this sentence. 

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

1.10    Indemnification. In the event any Registrable Securities are included in a registration statement under
this Section 1: 
 (a)    To the extent permitted by law, the Company will indemnify and hold harmless each
Holder, the partners, officer and directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each other person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other
federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a
“Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained or incorporated by reference in such registration statement, including any preliminary prospectus or final prospectus
contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any
violation or alleged violation by the Company of the 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; and the Company will pay to
each such Holder, each of its partners, officers and directors, underwriter or controlling person, as incurred, any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage,
liability, or action; provided, however, that the indemnity agreement contained in this subsection 1.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected
without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable to any Holder, underwriter or controlling person for any such loss, claim, damage, liability, or action to the extent that it
arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder, underwriter or controlling person. 

(b)    To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify and hold harmless
the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in such
registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages, or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Securities Act, the
Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities 

  
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(or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity
with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will pay, as incurred, any legal or other expenses reasonably incurred by any person intended to be indemnified pursuant
to this subsection 1.10(b), in connection with investigating or defending any such loss, claim, damage, liability, or action; provided, however, that the indemnity agreement contained in this subsection 1.10(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; provided, that in no event shall any indemnity under this
subsection 1.10(b) exceed the net proceeds from the offering received by such Holder. 
 (c)    Promptly after
receipt by an indemnified party under this Section 1.10 of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party
under this Section 1.10, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any
other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel, with the reasonable fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party
would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 1.10, but the omission so to deliver
written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.10. No Indemnifying Party, in the defense of any such claim or litigation, shall, except
with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all
liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and litigation resulting therefrom. 
 (d)    If the indemnification provided for
in this Section 1.10 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying
such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations;
provided, that in no event shall any contribution by a Holder under this Subsection 1.10(d) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. The relative fault of the indemnifying
party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 

(e)    Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in
the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

  
 -10- 

 (f)    The obligations of the Company and Holders under this
Section 1.10 shall survive the completion of any offering of Registrable Securities in a registration statement under this Section 1, and otherwise. 

1.11    Reports Under Securities Exchange Act of 1934. With a view to making available to the Holders the benefits
of Rule 144 promulgated under the Securities Act and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to: 
 (a)    make and keep public information
available, as those terms are understood and defined in SEC Rule 144, at all times after ninety (90) days after the effective date of the first registration statement filed by the Company for the offering of its securities to the general
public so long as the Company remains subject to the periodic reporting requirements under Sections 13 or 15(d) of the Exchange Act; 

(b)    take such action, including the voluntary registration of its Common Stock under Section 12 of the Exchange
Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the
first registration statement filed by the Company for the offering of its securities to the general public is declared effective; 

(c)    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; and 
 (d)    furnish to any Holder, so long as the Holder owns any Registrable Securities,
forthwith upon request (i) a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed
by the Company), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to
Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents 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 which permits the selling of any such securities without registration or pursuant to such form. 

1.12    Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities
pursuant to this Section 1 above may be assigned (but only with all related obligations) by a Holder to a transferee or assignee that (i) is an Affiliate (as defined in Section 3.1(d)) of a Holder or (ii) after such transfer,
holds at least 6,000,000 shares of such securities (as may be adjusted from time to time for stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like) (or all of the Holders’ Registrable Securities, if less),
provided the Company is, within a reasonable time frame after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned;
and provided, further, that such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Securities Act. For the purposes of
determining the number of shares of Registrable Securities held by a transferee or assignee, the holdings of transferees and assignees of a partnership who are partners or retired partners of such partnership (including spouses and ancestors, lineal
descendants and siblings of such partners or spouses 

  
 -11- 

 
who acquire Registrable Securities by gift, will or intestate succession) shall be aggregated together and with the partnership; provided that all assignees and transferees who would not qualify
individually for assignment of registration rights shall have a single attorney-in-fact for the purpose of exercising any rights, receiving notices or taking any action
under Section 1. 
 1.13    Amendment of Registration Rights. Any provision of this Section 1 may
be amended and the observance thereof 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 a majority of the Registrable Securities
then outstanding. Any amendment or waiver effected in accordance with this Section 1.13 shall be binding upon each Holder and the Company. By acceptance of any benefits under this Section 1, Holders of Registrable Securities hereby agree
to be bound by the provisions hereunder. 
 1.14    Lock-Up Agreement.

 (a)    Lock-Up Period; Agreement. In connection with the first
underwritten public offering of the Company’s securities and upon request of the Company or the underwriters managing such offering of the Company’s securities, each Holder agrees not to sell, make any short sale of, loan, grant any option
for the purchase of, or otherwise dispose of any securities of the Company, however or whenever acquired (other than those included in the registration or acquired thereafter in open market transactions) without the prior written consent of the
Company or such underwriters, as the case may be, for a period of up to one hundred eighty (180) day period commencing upon the effective date of such registration, or, if the Company is not an “Emerging Growth Company”
as defined under the Jumpstart Our Business Startups (JOBS) Act of 2012 at the time of its first underwritten public offering, such other period, not to exceed twenty (20) days, as may be requested by the Company or such managing underwriters
to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2241, or any
successor provisions or amendments thereto, and to execute an agreement reflecting the foregoing as may be requested by the underwriters at the time of the Company’s first underwritten public offering. 

(b)    Limitations. The obligations described in Section 1.14(a) shall apply only to the Company’s first
underwritten public offering and only if all officers, directors and one-percent security holders of the Company enter into similar agreements. The obligations described in Section 1.14(a) shall not apply
to a registration relating solely to employee benefit plans, or to a registration relating solely to a transaction pursuant to Rule 145 under the Securities Act. Any discretionary waiver or termination of the restrictions of any or all of such
agreements by the Company or the underwriters shall apply to all Holders subject to such agreements pro rata based on the number of shares subject to such agreements. 

(c)    Stop-Transfer Instructions. In order to enforce the foregoing covenants, the Company may impose
stop-transfer instructions with respect to the securities of each Holder (and the securities of every other person subject to the restrictions in Section 1.14(a)). 

(d)    Transferees Bound. Each Holder agrees that it will not transfer securities of the Company prior to the end
of such lock-up period unless each transferee agrees in writing to be bound by all of the provisions of this Section 1.14. 

1.15    Termination of Registration Rights. No Holder shall be entitled to exercise any right provided for in
Section 1.3 or Section 1.4 after the earliest of (i) five years following the consummation of a Qualified Public Offering, (ii) such time as the Company is traded on a securities exchange or the Nasdaq Stock Market and
Rule 144 or another similar exemption under the Securities Act is available for the sale of all of such Holder’s shares during a three-month period without registration, (iii) upon termination
of the entire Agreement upon a change in control of the Company, as provided in Section 4.1, or (iv) upon the consummation of a Deemed Liquidation Event (as defined in the Restated Certificate). 

  
 -12- 

 1.16    Limitations on Subsequent Registration Rights. From and
after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the outstanding Registrable Securities, enter into any agreement with any holder or prospective holder of any securities of
the Company which would allow such holder or prospective holder to include such securities in any registration filed under Section 1.3 hereof, unless under the terms of such agreement, such holder or prospective holder may include such
securities in any such registration only to the extent that the inclusion of his securities will not reduce (except on a pro rata basis with such securities) the amount of the Registrable Securities of the Holders which is included. 

2.    Covenants of the Company. 

2.1    Delivery of Financial Statements. The Company shall deliver to (i) (A) each Holder of at least
10,000,000 shares of Registrable Securities (as may be adjusted from time to time for stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like) and (B) Altimeter Partners Fund, L.P., provided that such
Holder (together with its Affiliates) continue to hold at least 2,777,777 shares of the originally purchase Series H Preferred Stock or Class A common stock issued upon conversion (as may be adjusted from time to time for stock splits, stock
dividends, combinations, subdivisions, recapitalizations and the like) and Robot DF Holdings, LP, provided that such Holder (together with its Affiliates) continue to hold at least 1,666,666 shares of the originally purchase Series H
Preferred Stock or Class A common stock issued upon conversion (as may be adjusted from time to time for stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like) (each specified in clause (A) and (B)
hereof, a “Significant Holder”), and (ii) Warner Music Inc. (with respect to Sections 2.1(a), 2.1(b) and 2.1(d) only), provided, however, that neither TCH Scarlet Limited nor any of its Affiliates (as
defined below) shall be considered a Significant Holder irrespective of their ownership of shares of Registrable Securities for purposes of this Section 2.1 and Section 2.2: 

(a)    as soon as practicable, but in any event not later than one hundred eighty (180) days after the end of a
fiscal year of the Company, an income statement for such fiscal year, a balance sheet of the Company and statement of stockholder’s equity as of the end of such year, and a statement of cash flows for such year, each prepared in accordance with
U.S. generally accepted accounting principles consistently applied, audited and certified by independent public accountants of recognized national standing selected by the Company; 

(b)    as soon as practicable, but in any event not later than (i) forty five (45) days after the end of a
specified one of the first three quarters of a fiscal year of the Company or (ii) upon the request of a Significant Holder, a profit or loss statement, a statement of cash flows for such fiscal quarter and a balance sheet as of the end of such
fiscal quarter; 
 (c)    within five (5) days of its approval by the Board of Directors of the Company, an
operating plan for such fiscal year; 
 (d)    Promptly following written request by a Significant Holder, a detailed
capitalization table of the Company, including the number of shares of each class and series of capital stock and securities convertible into or exercisable for shares of capital stock (which, to the extent applicable, shall include the face amount,
issue date, maturity date, interest rate, conversion discount, change of control premium and valuation cap) outstanding at the end of the period, the Common Stock issuable upon conversion or exercise of any outstanding securities convertible or
exercisable for Common Stock, including issued stock options and stock options reserved for issuance, if any, all in sufficient detail for such Significant Holder to calculate its percentage equity ownership in the Company; and 

  
 -13- 

 (e)    such other information relating to the financial condition,
business, prospects, or corporate affairs of the Company as any Significant Holder may from time to time reasonably request (including, but not limited to, full reports of independent third-party valuation firms for purposes of compliance with
Section 409A of the Internal Revenue Code and summary and detailed capitalization reports); provided, however, that the Company shall not be obligated under this Section 2.1(e) to provide information (a) that the Board of Directors
reasonably determines in good faith to be a trade secret or classified information or (b) the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel. 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; provided, however, that in no event shall any Holder that is a Foreign Investor (as defined in the Purchase Agreement) be permitted to obtain information pursuant to this Section 2.1 that would
constitute “material nonpublic technical information” (as defined in Section 721 of the U.S. Defense Production Act of 1950, as amended, including any implementing regulations (the “DPA”)) except to the extent
such Foreign Investor already had rights to access such information prior to the date of this Agreement. 

2.2    Inspection. The Company shall permit each Significant Holder (except for Significant Holders reasonably
deemed by Board of Directors of the Company to be a competitor of the Company, provided that, a Holder that is a venture capital fund, institutional investor or charitable trust shall not be determined a competitor solely as a result of its
investment in other companies), at such Holder’s expense, to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at
such reasonable times as may be requested by the Investor; provided, however, that the Company shall not be obligated pursuant to this Section 2.2 with respect to a competitor of the Company or with respect to information (a) that
the Board of Directors reasonably determines in good faith to be a trade secret or classified information or (b) the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel; provided,
further, that in no event shall any Holder that is a Foreign Investor (as defined in the Purchase Agreement) be permitted to obtain information pursuant to this Section 2.2 that would constitute “material nonpublic technical
information” (as defined in the DPA) except to the extent such Foreign Investor already had rights to access such information prior to the date of this Agreement. 

2.3    409A Valuation. The Company shall obtain a third party valuation of its Common Stock for the purposes of
Section 409A of the Internal Revenue Code as required and in any event no less than once per annum. 

2.4    Real Property Holding Company. Promptly following (and in any event within ten (10) days after receipt
of) written request by an Investor, the Company shall provide such Investor with a written statement informing such Investor whether such Investor’s interest in the Company constitutes a United States real property interest. The Company’s
determination shall comply with the requirements of Treasury Regulation Section 1.897-2(h)(1) or any successor regulation, and the Company shall provide timely notice to the Internal Revenue Service, in
accordance with and to the extent required by Treasury Regulation Section 1.897-2(h)(2) or any successor regulation, that such statement has been made. The Company’s obligation to furnish such
written statement shall continue notwithstanding the fact that a class of the Company’s stock may be regularly traded on an established securities market or the fact that there is no Preferred Stock then outstanding. 

  
 -14- 

 2.5    Termination of Covenants. The covenants set forth in
Sections 2.1 through Section 2.3 shall terminate as to each Holder and be of no further force or effect on the earliest of (i) immediately prior to the consummation of a Qualified Public Offering, or (ii) upon termination of
the entire Agreement upon a change in control of the Company, as provided in Section 4.1, (iii) when the Company first becomes subject to the periodic reporting requirements of Sections 13 or 15(d) of the Exchange Act or (iv) upon a
liquidation, dissolution or winding up of the Company. 
 3.    Right of First Refusal. 

3.1    Right of First Refusal to Significant Holders. The Company hereby grants to each Significant Holder, the
right of first refusal to purchase its pro rata share of New Securities (as defined in this Section 3.1) which the Company may, from time to time, propose to sell and issue after the date of this Agreement. A Significant Holder’s pro rata
share, for purposes of this right of first refusal, is equal to the ratio of (a) the number of shares of Common Stock owned by such Significant Holder immediately prior to the issuance of New Securities (assuming full conversion and exercise of
all outstanding convertible securities, rights, options and warrants, directly or indirectly, into Common Stock held by said Significant Holder) to (b) the total number of shares of Common Stock outstanding immediately prior to the issuance of
New Securities (assuming full conversion and exercise of all outstanding convertible securities, rights, options and warrants, directly or indirectly, held by all of the Significant Holders). This right of first refusal shall be subject to the
following provisions: 
 (a)    “New Securities” shall mean any capital stock (including Common
Stock and/or Preferred Stock) of the Company whether now authorized or not, and rights, convertible securities, options or warrants to purchase such capital stock, and securities of any type whatsoever that are, or may become, exercisable or
convertible into capital stock; provided that the term “New Securities” does not include the issuances or deemed issuances excluded from the definition of “Additional Stock” pursuant to Article IV, Section 4(d)(i)(B) of the
Restated Certificate. 
 (b)    In the event the Company proposes to undertake an issuance of New Securities, it shall
give each Significant Holder written notice of its intention, describing the type of New Securities, and their price and the general terms upon which the Company proposes to issue the same. Each Significant Holder shall have ten (10) days after
any such notice is given or delivered to agree to purchase such Significant Holder’s pro rata share of such New Securities, in substantially the form attached hereto as Schedule 1, and stating therein the quantity of New Securities to be
purchased. 
 (c)    In the event the Significant Holders fail to exercise fully the right of first refusal within said
ten (10) day period (the “Election Period”), the Company shall have ninety (90) days thereafter to sell or enter into an agreement (pursuant to which the sale of New Securities covered thereby shall be closed, if at
all, within ninety (90) days from the date of said agreement) to sell that portion of the New Securities with respect to which the Significant Holders’ right of first refusal option set forth in this Section 3.1 was not exercised, at
a price and upon terms no more favorable to the purchasers thereof than specified in the Company’s notice to Significant Holders delivered pursuant to Section 3.1. In the event the Company has not sold within such ninety (90) day
period following the Election Period, or such ninety (90) day period following the date of said agreement, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Significant
Holders in the manner provided in this Section 3.1. 
 (d)    Each Significant Holder shall be entitled to assign
or apportion its right of first refusal among its Affiliates (as defined below) who have agreed to be bound by the terms of this Agreement in such proportions as it deems appropriate; provided that, for the purposes of this Section 3, any
Significant Holder who has made any such assignment or apportionment shall be deemed to act as the 

  
 -15- 

 
agent of all of its Affiliates to whom such assignment or apportionment has been made and any notice delivered to, or received from, any such Significant Holder shall be deemed to have been
delivered to, or received from, all such Affiliates. For purposes hereof, the term “Affiliate” shall mean (a) a parent, subsidiary or other affiliate of the Holder, if the Holder is a corporation, (b) any of the
Holder’s partners, members or other equity owners, or retired partners, former members or other equity owners, or to the estate of any of the Holder’s partners, members or other equity owners or retired partners, former members or other
equity owners, or (c) a venture capital fund that is controlled by or under common control with one or more general partners or managing members of, or shares the same management company or advisory company with, the Holder. 

(e)    The right of first refusal granted under this Agreement shall expire upon the Company’s Qualified Public
Offering. 
 (f)    Consistent with Section 4.12 and notwithstanding anything in this Section 3.1, in no
event shall any Significant Holder that is a Foreign Investor (as defined in the Purchase Agreement) be permitted to purchase any amount of new securities that would grant such Foreign Investor or purchaser an equity interest in excess of 9.9% of
total outstanding voting securities in the Company. 
 4.    Miscellaneous. 

4.1    Termination of Entire Agreement Upon Change of Control. This Agreement shall terminate, and have no further
force and effect, when the Company shall sell, convey, or otherwise dispose of all or substantially all of its property or business or merge with or into or consolidate with any other corporation (other than a wholly-owned subsidiary) or effect any
other transaction or series of related transactions (other than equity financing transactions for the purpose of raising capital) in which the stockholders of the Company immediately preceding the transaction or series of related transactions hold,
after the transaction or series of related transactions, less than 50% of the voting power of the resulting corporation or entity and less than 50% of the voting power of its ultimate corporate parent, if applicable, provided that this Agreement
shall not be terminated following a merger effected solely for the purpose of changing the domicile of the Company. 

4.2    Successors and Assigns. Except as otherwise provided in this Agreement, the terms and conditions of this
Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties (including transferees of any of the Preferred Stock). Nothing in this Agreement, express or implied, is intended to confer
upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

4.3    Amendments and Waivers. Except as provided in Section 4.10, any term of this Agreement may be amended
or waived only with the written consent of the Company and the holders of a majority of the Registrable Securities; provided, that, this Agreement may not be amended or terminated and the observance of any term hereof may not be waived with
respect to any Investor without the written consent of such Investor, unless such amendment, termination, or waiver applies to all Investors in the same fashion; provided further that, notwithstanding any waiver of Section 3 in
connection with the issuance of New Securities, in the event any Significant Holder actually purchases any New Securities in any such issuance of New Securities by the Company, then each Significant Holder shall be permitted to participate in such
offering on a pro rata basis (based on the level of participation of the Significant Holders purchasing the largest portion of such Significant Holder’s pro rata share), in accordance with the other provisions (including notice and election
periods) set forth in Section 3. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each party to the Agreement, whether or not such party has signed such amendment or waiver, each future holder of all such
Registrable Securities, and the 

  
 -16- 

 
Company. The Company shall give prompt written notice of any amendment, modification or termination hereof or waiver hereunder to any party hereto that did not consent in writing to such
amendment, modification, termination or waiver provided, however, that Investors purchasing shares of Series H Preferred Stock in a Closing after the Initial Closing (each as defined in the Purchase Agreement) may become parties
to this Agreement, by executing a counterpart of this Agreement without any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other party. 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. The Prior Rights Agreement is hereby amended and restated in its entirety upon the execution
and delivery of this Agreement by the Company and the holders of a majority of the Registrable Securities. 

4.4    Notices. Unless otherwise provided, all notices and other communications required or permitted hereunder
shall be in writing and shall be mailed by registered or certified mail, postage prepaid, or otherwise delivered by hand or by courier (including a recognized overnight delivery service), or by facsimile addressed (a) if to an Investor, at such
Investor’s address set forth in Exhibit A, or at such other address as such Investor shall have furnished to the Company in writing, or (b) if to the Company, one copy shall be sent to 970 Park Place, San Mateo, CA 94403; Attn: Mark
Reinstra, with a second copy to Michael Coke, Wilson Sonsini Goodrich & Rosati, 650 Page Mill Road, Palo Alto, California 94304; fax: 650-493-9300. Each
such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given when delivered if delivered personally or by courier or sent by facsimile, or, if sent by mail, at the earlier of its receipt or
72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid. 

4.5    Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law,
the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (a) such provision shall be excluded from this Agreement,
(b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its terms. 

4.6    Governing Law. This Agreement and all acts and transactions pursuant hereto shall be governed, construed and
interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of laws. 

4.7    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. Facsimile copies of manual signatures, if delivered, shall be effective and binding as original manual signatures. 

4.8    Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are
not to be considered in construing or interpreting this Agreement. 
 4.9    Aggregation of Stock. All shares of
the Preferred Stock held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

4.10    Additional Parties. The Investors agree that, upon delivery of counterpart signature pages to this
Agreement, any additional persons who become “Investors” pursuant to the Purchase Agreement shall become “Investors” and “Holders” under this Agreement without further action by any other Investor. 

  
 -17- 

 4.11    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 Restated Certificate, or elsewhere, as the case may be. 
 4.12    Foreign Investors.
Notwithstanding anything to the contrary set forth herein, no Foreign Investor (as defined in the Purchase Agreement), shall obtain any of the following rights (to the extent such Foreign Investor did not have such rights prior to the date of this
Agreement): (i) access to any “material nonpublic technical information” (as defined in the DPA) in the possession of the Company; (ii) membership or observer rights on the Board of Directors or equivalent governing body of the
Company or the right to nominate an individual to a position on the Board of Directors or equivalent governing body of the Company; (iii) any involvement, other than through the voting of shares, in the substantive decision-making of the
Company regarding (x) the use, development, acquisition or release of any Company “critical technology” (as defined in the DPA) or (y) the use development, acquisition, safekeeping or release of “sensitive personal
data” (as defined in the DPA) of U.S. citizens maintained or collected by the Company; or (iv) “control” of the Company (as defined in the DPA). 

[Signature Pages Follow] 

  
 -18- 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	COMPANY
	
	 ROBLOX CORPORATION
 a
Delaware corporation

		
	By:	 	 /s/ David Baszucki

		 	 David Baszucki
 President and Chief Executive
Officer

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	 INVESTOR

	
	 ALTIMETER PARTNERS FUND, L.P.

	 By: Altimeter General Partner, LLC

	 Its: General Partner

		
	 By:
	 	 /s/ John J. Kiernan III

	John J. Kiernan III, Authorized Person

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTORS
	
	ALTOS VENTURES IV, L.P.
	
	By: Altos Management Partners IV, LLC
	 its General Partner

		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS VENTURES IV LIQUIDITY FUND, L.P.
	By:	 	      Altos Management Partners IV, LLC
	Its: General Partner
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS VENTURES IV RESERVE FUND, L.P.
	By: Altos Management Partners IV, LLC,
	Its: General Partner
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS HYBRID 2, L.P.
	By: Altos Hybrid 2 GP, LLC,
	its General Partner
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTORS
	
	ALTOS ROBLOX SPV 2020, LLC
	
	By: Altos Roblox Management Partners, LLC,
	its general partner
		
	 By:
	 	 /s/ Anthony P. Lee

	 Name: Anthony P. Lee

	 Title: Managing Director

	
	ALTOS ROBLOX SPV 1, LLC
	By: Altos Roblox Management Partners, LLC,
	its general partner
		
	 By:
	 	 /s/ Anthony P. Lee

	 Name: Anthony P. Lee

	 Title: Managing Director

	
	ALTOS ROBLOX SPV 2, LLC
	
	By: Altos Roblox Management Partners, LLC,
	Its: Manager
		
	 By:
	 	 /s/ Anthony P. Lee

	 Name: Anthony P. Lee

	 Title: Managing Director

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTORS
	
	ALTOS HYBRID 4 GS, LLC
	By: Altos Hybrid 4 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS HYBRID 2 V, LLC
	By: Altos Hybrid 2 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS HYBRID 2 P-FIO, LLC
	By: Altos Hybrid 2 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTORS
	
	ALTOS HYBRID 3 B, LLC
	By: Altos Hybrid 3 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Member
	
	ALTOS HYBRID UP, LLC
	By: Altos Hybrid 4 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS HYBRID 3 W, LLC
	By: Altos Hybrid 3 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director
	
	ALTOS HYBRID 3 M, LLC
	By: Altos Hybrid 3 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTORS
	
	ALTOS HYBRID CC, LLC
	By: Altos Hybrid 4 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Member
	
	ALTOS HYBRID 4, L.P.
	By: Altos Hybrid 4 GP, LLC
	Its: Manager
		
	By:	 	 /s/ Anthony P. Lee

	Name: Anthony P. Lee
	Title: Managing Director

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	 ANDREESSEN HOROWITZ LSV FUND I, L.P., for

itself and as nominee for

	
	Andreessen Horowitz LSV Fund I-B, L.P. and
	Andreessen Horowitz LSV Fund I-Q, L.P.
	
	By: AH Equity Partners LSV I, L.L.C.
	 General Partner

		
	By:	 	 /s/ Scott
Kupor                                        
        

	Name: Scott Kupor
	Title: Chief Operating Officer

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

	
	 INVESTOR
  

2020 JAN BASZUCKI GIFT TRUST

	
	 /s/ Julia Coombs

	 Signature

	
	 Julia Coombs

	 Print name of signatory, if signing for an
entity

	
	 Sr. Vice President for Bessemer Tr. Co. of DE, N.A.

	 Print title of signatory, if signing for an
entity

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

	
	 INVESTOR
  

2020 DAVID BASZUCKI GIFT TRUST

	
	 /s/ Julia Coombs

	 Signature

	
	 Julia Coombs

	 Print name of signatory, if signing for an
entity

	
	 Sr. Vice President for Bessemer Tr. Co. of DE, N.A.

	 Print title of signatory, if signing for an
entity

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	ROBOT DF HOLDINGS, LP
	By: Dragoneer CF GP, LLC, its General Partner
		
	By:	 	 /s/ Pat Robertson

	Name: Pat Robertson
	Title: COO

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	FARMCO
		
	 By:
	 	 /s/ Frank Tabar

	 Name: Frank Tabar

	 Title: Primary Officer

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

	
	INVESTOR
	
	 THE FREEDOM REVOCABLE TRUST
 DATED
FEBRUARY 28, 2017 AS
 AMENDED

	
	  
 (Name of
Investor)

	
	 /s/ David Baszucki

	(Signature)
	
	 David Baszucki, Trustee

	(Name and title of signatory, if applicable)

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	 INVESTOR

	
	 TCH SCARLET LIMITED, AN IRISH

COMPANY

		
	 By:
	 	 /s/ Martin Lau

	 Name: Martin Lau

	 Title: Authorized Signatory

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	TIGER GLOBAL INVESTMENTS, L.P.
	
	By: Tiger Global Performance, LLC
	Its: General Partner
		
	By:	 	 /s/ Steven D. Boyd

	Name: Steven D. Boyd
	Title: General Counsel

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	 TIGER GLOBAL INVESTMENT

PARTNERS X, L.P.

	
	By: Tiger Global PIP Performance X, L.P.
	Its: General Partner
	
	By: Tiger Global PIP Management X, Ltd.
	Its: General Partner
		
	By:	 	 /s/ Steven D. Boyd

	Name: Steven D. Boyd
	Title: General Counsel

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors’
Rights Agreement on the day and year first set forth above. 
  

			
	INVESTOR
	
	WARNER MUSIC INC.
		
	By:	 	 /s/ Paul Robinson

	Name: Paul Robinson
	Title: EVP & General Counsel

  
 ROBLOX CORPORATION

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 EXHIBIT A 

INVESTORS 

 SCHEDULE 1 

NOTICE AND WAIVER/ELECTION OF 

RIGHT OF FIRST REFUSAL 

I do hereby waive or exercise, as indicated below, my rights of first refusal under the Amended and Restated Investors’ Rights
Agreement dated as of January 6, 2021 (the “Agreement”): 
  

	1.	 Waiver of 10 days’ notice period in which to exercise right of first refusal: (please check only
one) 

  

	 	( )	 WAIVE in full, on behalf of all Holders, the 10-day notice
period provided to exercise my right of first refusal granted under the Agreement. 

  

	 	( )	 DO NOT WAIVE the notice period described above. 

 

	2.	 Issuance and Sale of New Securities: (please check only one) 

 

	 	( )	 WAIVE in full the right of first refusal granted under the Agreement with respect to the issuance of the
New Securities. 

  

	 	( )	 ELECT TO PARTICIPATE in $            
(please provide amount) in New Securities proposed to be issued by Roblox Corporation, a Delaware corporation, representing LESS than my pro rata portion of the aggregate of
$[            ] in New Securities being offered in the financing. 

  

	 	( )	 ELECT TO PARTICIPATE in $            
in New Securities proposed to be issued by Roblox Corporation, a Delaware corporation, representing my FULL pro rata portion of the aggregate of $[            ] in New
Securities being offered in the financing. 

  

	 	( )	 ELECT TO PARTICIPATE in my full pro rata portion of the aggregate of
$[            ] in New Securities being made available in the financing AND, to the extent available, the greater of (x) an additional
$             (please provide amount) or (y) my pro rata portion of any remaining investment amount available in the event other Significant Holders do not
exercise their full rights of first refusal with respect to the $[            ] in New Securities being offered in the financing. 

 

			
	 Date:
                    
	 	
		
		 	  

(Print investor name)

		
		 	  

(Signature)

		
		 	  

(Print name of signatory, if signing for an entity)

		
		 	  

(Print title of signatory, if signing for an entity)

 This is neither a commitment to purchase nor a commitment to issue the New Securities described above. Such issuance can
only be made by way of definitive documentation related to such issuance. The company will supply you with such definitive documentation upon request or if you indicate that you would like to exercise your first offer rights in whole or in part.EX-4.3

 Exhibit 4.3 

THIS WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS IN ACCORDANCE WITH APPLICABLE REGISTRATION
REQUIREMENTS OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY
APPLICABLE STATE SECURITIES LAWS. THIS WARRANT MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, TRANSFER, PLEDGE OR HYPOTHECATION OF ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY. 

WARRANT TO PURCHASE SHARES OF COMMON STOCK 

of 
 ROBLOX CORPORATION

 Dated as of _____________ 

Void after the date specified in Section 8 
  

	
	 Warrant to Purchase up to

________ Shares of
 Common
Stock
 (subject to adjustment)

 THIS CERTIFIES THAT, for value received, ________________, or his registered assigns (the
“Holder”), is entitled, subject to the provisions and upon the terms and conditions set forth herein, to purchase from Roblox Corporation, a Delaware corporation (the “Company”), shares of the
Company’s Common Stock, $0.001 par value per share (the “Shares”), in the amounts, at such times and at the price per share set forth in Section 1. The term “Warrant” as used herein shall
include this Warrant and any warrants delivered in substitution or exchange therefor as provided herein. This Warrant is issued in connection with the Intellectual Property Purchase Agreement dated August 20, 2019 among the Company, Holder and
Calistream, a Delaware limited liability company (the ‘Purchase Agreement”). 
 The following is a statement of the
rights of the Holder and the conditions to which this Warrant is subject, and to which Holder, by acceptance of this Warrant, agrees: 
  

	 	1.	 Number and Price of Shares; Exercise Period. 

(a)    Definition of Shares. “Shares” shall mean shares of the Company’s common
stock. 
 (b)    Number of Shares. Subject to any previous exercise of the Warrant, the Holder shall have
the right to purchase ________ Shares, provided, however, that such number may be adjusted pursuant to Section 6(a) below. 

(c)    Exercise Price. The exercise price per Share shall be equal to $________, subject to adjustment
pursuant hereto (the “Exercise Price”). 

 (d)    Exercise Period. This Warrant shall be exercisable,
in whole or in part, prior to (or in connection with) the expiration of this Warrant as set forth in Section 8. 
  

	 	2.	 Exercise of the Warrant. 

(a)    Exercise. The purchase rights represented by this Warrant may be exercised at the election of the
Holder, in whole or in part, in accordance with Section 1, by: 
 (i)    the tender to the Company at its
principal office (or such other office or agency as the Company may designate) of a notice of exercise in the form of Exhibit A (the “Notice of Exercise”), duly completed and executed by or on behalf of the Holder,
together with the surrender of this Warrant; and 
 (ii)    the payment to the Company of an amount equal to
(x) the Exercise Price multiplied by (y) the number of Shares being purchased, by (a) wire transfer or certified, cashier’s or other check acceptable to the Company and payable to the order of the Company; (b) surrender and
cancellation of promissory notes or other instruments representing indebtedness of the Company to the Holder; or (c) a combination of (a) and (b). 

(b)    Net Issue Exercise. In lieu of exercising this Warrant pursuant to Section 2(a)(ii), if the fair
market value of one Share is greater than the Exercise Price (at the date of calculation as set forth below), the Holder may elect to receive a number of Shares equal to the value of this Warrant (or of any portion of this Warrant being canceled) by
surrender of this Warrant at the principal office of the Company (or such other office or agency as the Company may designate) together with a properly completed and executed Notice of Exercise reflecting such election, in which event the Company
shall issue to the Holder that number of Shares computed using the following formula: 
  

							
	 X
	  	 	=	 	  	        Y (A – B)        
	  	A

 Where: 
  

					
	X	  	=	  	The number of Shares to be issued to the Holder
			
	Y	  	=	  	The number of Shares purchasable under this Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being canceled (at the date of such calculation)
			
	A	  	=	  	The fair market value of one Share (at the date of such calculation)
			
	B	  	=	  	The Exercise Price (as adjusted to the date of such calculation)

 For purposes of the calculation above, the fair market value of one Share shall be determined by the
Board of Directors of the Company, acting in good faith; provided, however, that if the Warrant is exercised in connection with the Company’s initial public offering of common stock, the fair market value per Share shall be the per share
offering price to the public of the Company’s initial public offering. 

  
 - 2 - 

 (c)    Stock Certificates. The rights under this Warrant
shall be deemed to have been exercised and the Shares issuable upon such exercise shall be deemed to have been issued immediately prior to the close of business on the date this Warrant is exercised in accordance with its terms, and the person
entitled to receive the Shares issuable upon such exercise shall be treated for all purposes as the holder of record of such Shares as of the close of business on such date. As promptly as reasonably practicable on or after such date, the Company
shall issue and deliver to the person or persons entitled to receive the same a certificate or certificates for that number of shares issuable upon such exercise. In the event that the rights under this Warrant are exercised in part and have not
expired, the Company shall execute and deliver a new Warrant reflecting the number of Shares that remain subject to this Warrant. 

(d)    No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be
issued upon the exercise of the rights under this Warrant. In lieu of such fractional share to which the Holder would otherwise be entitled, the Company shall make a cash payment equal to the Exercise Price multiplied by such fraction. 

(e)    Reservation of Stock. The Company agrees during the term the rights under this Warrant are
exercisable to take all reasonable action to reserve and keep available from its authorized and unissued shares of common stock for the purpose of effecting the exercise of this Warrant such number of shares as shall from time to time be sufficient
to effect the exercise of the rights under this Warrant; and if at any time the number of authorized but unissued shares of common stock shall not be sufficient for purposes of the exercise of this Warrant in accordance with its terms, without
limitation of such other remedies as may be available to the Holder, the Company will use its best efforts to take such corporate action as may, in the opinion of counsel, be necessary to increase its authorized and unissued shares of its common
stock to a number of shares as shall be sufficient for such purposes. 
 3.    Replacement of the Warrant.
Subject to the receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in
form and substance to the Company or, in the case of mutilation, on surrender and cancellation of this Warrant, the Company at the expense of the Holder shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor and amount. 

 

	 	4.	 Transfer of the Warrant. 

(a)    Warrant Register. The Company shall maintain a register (the “Warrant
Register”) containing the name and address of the Holder or Holders. Until this Warrant is transferred on the Warrant Register in accordance herewith, the Company may treat the Holder as shown on the Warrant Register as the absolute
owner of this Warrant for all purposes, notwithstanding any notice to the contrary. Any Holder of this Warrant (or of any portion of this Warrant) may change its address as shown on the Warrant Register by written notice to the Company requesting a
change. 
 (b)    Warrant Agent. The Company may appoint an agent for the purpose of maintaining the
Warrant Register referred to in Section 4(a), issuing the Shares or other securities then issuable upon the exercise of the rights under this Warrant, exchanging this Warrant, replacing this Warrant or conducting related activities. 

(c)    Transferability of the Warrant. Subject to the provisions of this Warrant with respect to compliance
with the Securities Act of 1933, as amended (the “Securities Act”) and limitations on assignments and transfers, including without limitation compliance with the restrictions on transfer set forth in Section 5, title to
this Warrant may be transferred by endorsement (by the transferor and the transferee executing the assignment form attached as Exhibit B (the “Assignment Form”)) and delivery in the same manner as a negotiable
instrument transferable by endorsement and delivery. 

  
 - 3 - 

 (d)    Exchange of the Warrant upon a Transfer. On
surrender of this Warrant (and a properly endorsed Assignment Form) for exchange, subject to the provisions of this Warrant with respect to compliance with the Securities Act and limitations on assignments and transfers, the Company shall issue to
or on the order of the Holder a new warrant or warrants of like tenor, in the name of the Holder or as the Holder (on payment by the Holder of any applicable transfer taxes) may direct, for the number of shares issuable upon exercise hereof, and the
Company shall register any such transfer upon the Warrant Register. This Warrant (and the securities issuable upon exercise of the rights under this Warrant) must be surrendered to the Company or its warrant or transfer agent, as applicable, as a
condition precedent to the sale, pledge, hypothecation or other transfer of any interest in any of the securities represented hereby. 

(e)    Taxes. In no event shall the Company be required to pay any tax which may be payable in respect of
any transfer involved in the issue and delivery of any certificate in a name other than that of the Holder, and the Company shall not be required to issue or deliver any such certificate unless and until the person or persons requesting the issue
thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid or is not payable. 

5.    Restrictions on Transfer of the Warrant and Shares; Compliance with Securities Laws. By acceptance of this
Warrant, the Holder agrees to comply with the following: 
 (a)    Restrictions on Transfers. This Warrant
may not be transferred or assigned in whole or in part without the Company’s prior written consent, and any attempt by Holder to transfer or assign any rights, duties or obligations that arise under this Warrant without such permission shall be
void. Any transfer of this Warrant or the Shares (the “Securities”) must be in compliance with all applicable federal and state securities laws. The Holder agrees not to make any sale, assignment, transfer, pledge or other
disposition of all or any portion of the Securities, or any beneficial interest therein, unless and until the transferee thereof has agreed in writing for the benefit of the Company to take and hold such Securities subject to, and to be bound by,
the terms and conditions set forth in this Warrant to the same extent as if the transferee were the original Holder hereunder, and 

(i)    there is then in effect a registration statement under the Securities Act covering such proposed disposition and
such disposition is made in accordance with such registration statement, or 
 (ii)    (A) such Holder shall have
given prior written notice to the Company of such Holder’s intention to make such disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition, (B) the transferee
shall have confirmed to the satisfaction of the Company in writing, substantially in the form of Exhibit A-1, that the Securities are being acquired (i) solely for the transferee’s own account
and not as a nominee for any other party, (ii) for investment and (iii) not with a view toward distribution or resale, and shall have confirmed such other matters related thereto as may be reasonably requested by the Company, and
(C) if requested by the Company, such Holder shall have furnished the Company, at the Holder’s expense, with (i) an opinion of counsel, reasonably satisfactory to the Company, to the effect that such disposition will not require
registration of such Securities under the Securities Act or (ii) a “no action” letter from the Securities and Exchange Commission to the effect that the transfer of such Securities without registration will not result in a
recommendation by the staff of the Securities and Exchange Commission that action be taken with respect thereto, whereupon such Holder shall be entitled to transfer such Securities in accordance with the terms of the notice delivered by the Holder
to the Company. 

  
 - 4 - 

 (b)    Investment Representation Statement. Unless the
rights under this Warrant are exercised pursuant to an effective registration statement under the Securities Act that includes the Shares with respect to which the Warrant was exercised, it shall be a condition to any exercise of the rights under
this Warrant that the Holder shall have confirmed to the satisfaction of the Company in writing, substantially in the form of Exhibit A-1, that the Shares so purchased are being acquired solely for the
Holder’s own account and not as a nominee for any other party, for investment and not with a view toward distribution or resale and that the Holder shall have confirmed such other matters related thereto as may be reasonably requested by the
Company. 
 (c)    Securities Law Legend. The Securities shall (unless otherwise permitted by the
provisions of this Warrant) be stamped or imprinted with a legend substantially similar to the following (in addition to any legend required by state securities laws): 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE
SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS IN ACCORDANCE WITH APPLICABLE REGISTRATION
REQUIREMENTS OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY
APPLICABLE STATE SECURITIES LAWS. THIS CERTIFICATE MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, TRANSFER, PLEDGE OR HYPOTHECATION OF ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY. 

(d)    Additional Legends. The Shares issued upon exercise hereof also be stamped or imprinted with a legend
in substantially the following form: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
SET FORTH IN THE COMPANY’S BYLAWS, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. IN ADDITION, THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE, INCLUDING A LOCK-UP PERIOD IN THE EVENT OF A PUBLIC OFFERING, AS SET FORTH IN THE WARRANT PURSUANT TO WHICH THESE SHARES WERE ISSUED, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. 

(e)    Instructions Regarding Transfer Restrictions. The Holder consents to the Company making a notation on
its records and giving instructions to any transfer agent in order to implement the restrictions on transfer established in this Section 5. 

(f)    Removal of Legend. The legend referring to federal and state securities laws identified in
Section 5(c) stamped on a certificate evidencing the Shares and the stock transfer instructions and record notations with respect to such securities shall be removed and the Company shall issue a certificate without such legend to the holder of
such securities if (i) such securities are registered under the Securities Act, or (ii) such holder provides the Company with an opinion of counsel reasonably acceptable to the Company to the effect that a sale or transfer of such
securities may be made without registration or qualification. 

  
 - 5 - 

 6.    Adjustments. Subject to the expiration of this Warrant
pursuant to Section 8, the number and kind of shares purchasable hereunder and the Exercise Price therefor are subject to adjustment from time to time, as follows: 

(a)    Special Adjustment. In the event that Holder irrevocably elects to treat the consideration received
by Holder in connection with the Purchase Agreement as being taxable as ordinary income and provides sufficient evidence to the Company that Holder has so taken such position, including providing any applicable tax returns and such additional
information as the Company shall reasonably request, the maximum number of shares of Common Stock of the Company issuable upon exercise hereof shall be increased by 32,000 shares of Common Stock, subject to the application of any other adjustments
pursuant to this Section 6. 
 (b)    Merger or Reorganization. If at any time there shall be any
reorganization, recapitalization, merger or consolidation (a “Reorganization”) involving the Company (other than as otherwise provided for herein or as would cause the expiration of this Warrant under Section 8) in which
shares of the Company’s stock are converted into or exchanged for securities, cash or other property, then, as a part of such Reorganization, lawful provision shall be made so that the Holder shall thereafter be entitled to receive upon
exercise of this Warrant, the kind and amount of securities, cash or other property of the successor corporation resulting from such Reorganization, equivalent in value to that which a holder of the Shares deliverable upon exercise of this Warrant
would have been entitled in such Reorganization if the right to purchase the Shares hereunder had been exercised immediately prior to such Reorganization. In any such case, appropriate adjustment (as determined in good faith by the Board of
Directors of the successor corporation) shall be made in the application of the provisions of this Warrant with respect to the rights and interests of the Holder after such Reorganization to the end that the provisions of this Warrant shall be
applicable after the event, as near as reasonably may be, in relation to any shares or other securities deliverable after that event upon the exercise of this Warrant. 

(c)    Reclassification of Shares. If the securities issuable upon exercise of this Warrant are changed into
the same or a different number of securities of any other class or classes by reclassification, capital reorganization or otherwise (other than as otherwise provided for herein) (a “Reclassification”), then, in any such
event, in lieu of the number of Shares which the Holder would otherwise have been entitled to receive, the Holder shall have the right thereafter to exercise this Warrant for a number of shares of such other class or classes of stock that a holder
of the number of securities deliverable upon exercise of this Warrant immediately before that change would have been entitled to receive in such Reclassification, all subject to further adjustment as provided herein with respect to such other
shares. 
 (d)    Subdivisions and Combinations. In the event that the outstanding shares of common stock
are subdivided (by stock split, by payment of a stock dividend or otherwise) into a greater number of shares of such securities, the number of Shares issuable upon exercise of the rights under this Warrant immediately prior to such subdivision
shall, concurrently with the effectiveness of such subdivision, be proportionately increased, and the Exercise Price shall be proportionately decreased, and in the event that the outstanding shares of common stock are combined (by reclassification
or otherwise) into a lesser number of shares of such securities, the number of Shares issuable upon exercise of the rights under this Warrant immediately prior to such combination shall, concurrently with the effectiveness of such combination, be
proportionately decreased, and the Exercise Price shall be proportionately increased. 
 (e)    Notice of
Adjustments. Upon any adjustment in accordance with this Section 6, the Company shall give notice thereof to the Holder, which notice shall state the event giving rise to the adjustment, the Exercise Price as adjusted and the number of
securities or other property purchasable upon the 

  
 - 6 - 

 
exercise of the rights under this Warrant, setting forth in reasonable detail the method of calculation of each. The Company shall, upon the written request of any Holder, furnish or cause to be
furnished to such Holder a certificate setting forth (i) such adjustments, (ii) the Exercise Price at the time in effect and (iii) the number of securities and the amount, if any, of other property that at the time would be received
upon exercise of this Warrant. 
 7.    Notification of Certain Events. Prior to the expiration of this Warrant
pursuant to Section 8, in the event that the Company shall authorize: 
 (a)    the issuance of any dividend or
other distribution on the capital stock of the Company (other than (i) dividends or distributions otherwise provided for in Section 6, (ii) repurchases of common stock issued to or held by employees, officers, directors or consultants
of the Company or its subsidiaries upon termination of their employment or services pursuant to agreements providing for the right of said repurchase; (iii) repurchases of common stock issued to or held by employees, officers, directors or
consultants of the Company or its subsidiaries pursuant to rights of first refusal or first offer contained in agreements providing for such rights; or (iv) repurchases of capital stock of the Company in connection with the settlement of
disputes with any stockholder), whether in cash, property, stock or other securities; 
 (b)    the voluntary
liquidation, dissolution or winding up of the Company; or 
 (c)    any transaction resulting in the expiration of this
Warrant pursuant to Section 8(b) or 8(c); 
 the Company shall send to the Holder of this Warrant at least ten (10) days prior written notice of
the date on which a record shall be taken for any such dividend or distribution specified in clause (a) or the expected effective date of any such other event specified in clause (b) or (c), as applicable. The notice provisions set forth
in this section may be shortened or waived prospectively or retrospectively by the consent of the Holder of this Warrant. 

8.    Expiration of the Warrant. This Warrant shall expire and shall no longer be exercisable as of the earlier of:

 (a)    5:00 p.m., Pacific time, on September 19, 2029; 

(b)    (i) the acquisition of the Company by another entity by means of any transaction or series of related transactions
to which the Company is a party (including, without limitation, any stock acquisition, reorganization, merger or consolidation, but excluding any sale of stock for capital raising purposes and any transaction effected primarily for purposes of
changing the Company’s jurisdiction of incorporation) other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related
transactions retain, immediately after such transaction or series of transactions, as a result of shares in the Company held by such holders prior to such transaction or series of transactions, at least a majority of the total voting power
represented by the outstanding voting securities of the Company or such other surviving or resulting entity (or if the Company or such other surviving or resulting entity is a wholly-owned subsidiary immediately following such acquisition, its
parent), or (ii) a sale, lease or other disposition of all or substantially all of the assets of the Company and its subsidiaries taken as a whole by means of any transaction or series of related transactions, except where such sale, lease or
other disposition is to a wholly-owned subsidiary of the Company; or 

  
 - 7 - 

 (c)    Immediately prior to the closing of a firm commitment
underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act covering the offering and sale of the Company’s common stock. 

9.    No Rights as a Stockholder. Nothing contained herein shall entitle the Holder to any rights as a stockholder
of the Company or to be deemed the holder of any securities that may at any time be issuable on the exercise of the rights hereunder for any purpose nor shall anything contained herein be construed to confer upon the Holder, as such, any right to
vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change
of par value or change of stock to no par value, consolidation, merger, conveyance or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or any other rights of a stockholder of the Company until the rights
under the Warrant shall have been exercised and the Shares purchasable upon exercise of the rights hereunder shall have become deliverable as provided herein. 

10.    Market Stand-off. The Holder of this Warrant hereby agrees that such
Holder shall not sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, of any common stock (or other securities) of the
Company held by the Holder (other than those included in the registration) during the one hundred eighty (180) day period following the effective date of the registration statement for the Company’s initial public offering filed under the
Securities Act (or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and
opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). The obligations
described in this section shall not apply to a registration relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in
the future, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions and may stamp each
certificate with a legend as substantially set forth in Section 5(d) with respect to the shares of common stock (or other securities) subject to the foregoing restriction until the end of such one hundred eighty (180) day (or other)
period. The Holder agrees to execute a market stand-off agreement with the underwriters in the offering in customary form consistent with the provisions of this section. 

11.    Representations and Warranties of the Holder. By acceptance of this Warrant, the Holder represents and
warrants to the Company as follows: 
 (a)    No Registration. The Holder understands that the Securities
have not been, and will not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends upon, among other things, the bona fide nature of
the investment intent and the accuracy of the Holder’s representations as expressed herein or otherwise made pursuant hereto. 

(b)    Investment Intent. The Holder is acquiring the Securities for investment for its own account, not as
a nominee or agent, and not with a view to, or for resale in connection with, any distribution thereof. The Holder has no present intention of selling, granting any participation in, or otherwise distributing the Securities, nor does it have any
contract, undertaking, agreement or arrangement for the same. 
 (c)    Investment Experience. The Holder
has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company, and has such knowledge and experience in financial or business matters so that it is capable of evaluating
the merits and risks of its investment in the Company and protecting its own interests. 

  
 - 8 - 

 (d)    Speculative Nature of Investment. The Holder
understands and acknowledges that the Company has a limited financial and operating history and that its investment in the Company is highly speculative and involves substantial risks. The Holder can bear the economic risk of its investment and is
able, without impairing its financial condition, to hold the Securities for an indefinite period of time and to suffer a complete loss of its investment. 

(e)    Access to Data. The Holder has had an opportunity to ask questions of officers of the Company, which
questions were answered to its satisfaction. The Holder understands that any such discussions, as well as any information issued by the Company, were intended to describe certain aspects of the Company’s business and prospects, but were not
necessarily a thorough or exhaustive description. The Holder acknowledges that any business plans prepared by the Company have been, and continue to be, subject to change and that any projections included in such business plans or otherwise are
necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. 

(f)    Accredited Investor. The Holder is an “accredited investor” within the meaning of
Regulation D, Rule 501(a), promulgated by the Securities and Exchange Commission and agrees to submit to the Company such further assurances of such status as may be reasonably requested by the Company. 

(g)    Residency. The residency of the Holder (or, in the case of a partnership or corporation, such
entity’s principal place of business) is correctly set forth on the signature page hereto. 

(h)    Restrictions on Resales. The Holder acknowledges that the Securities must be held indefinitely unless
subsequently registered under the Securities Act or an exemption from such registration is available. The Holder is aware of the provisions of Rule 144 promulgated under the Securities Act, which permit resale of shares purchased in a private
placement subject to the satisfaction of certain conditions, which may include, among other things, the availability of certain current public information about the Company; the resale occurring not less than a specified period after a party has
purchased and paid for the security to be sold; the number of shares being sold during any three-month period not exceeding specified limitations; the sale being effected through a “broker’s transaction,” a transaction directly with a
“market maker” or a “riskless principal transaction” (as those terms are defined in the Securities Act or the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder); and the filing of a
Form 144 notice, if applicable. The Holder acknowledges and understands that the Company may not be satisfying the current public information requirement of Rule 144 at the time the Holder wishes to sell the Securities and that, in such event,
the Holder may be precluded from selling the Securities under Rule 144 even if the other applicable requirements of Rule 144 have been satisfied. The Holder acknowledges that, in the event the applicable requirements of Rule 144 are
not met, registration under the Securities Act or an exemption from registration will be required for any disposition of the Securities. The Holder understands that, although Rule 144 is not exclusive, the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell restricted securities received in a private offering other than in a registered offering or pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from
registration is available for such offers or sales and that such persons and the brokers who participate in the transactions do so at their own risk. 

(i)    No Public Market. The Holder understands and acknowledges that no public market now exists for any of
the securities issued by the Company and that the Company has made no assurances that a public market will ever exist for the Company’s securities. 

  
 - 9 - 

 (j)    Brokers and Finders. The Holder has not engaged any
brokers, finders or agents in connection with the Securities, and the Company has not incurred nor will incur, directly or indirectly, as a result of any action taken by the Holder, any liability for brokerage or finders’ fees or agents’
commissions or any similar charges in connection with the Securities. 
 (k)    Legal Counsel. The Holder
has had the opportunity to review this Warrant, the exhibits and schedules attached hereto and the transactions contemplated by this Warrant with its own legal counsel. The Holder is not relying on any statements or representations of the Company or
its agents for legal advice with respect to this investment or the transactions contemplated by this Warrant. 

(l)    Tax Advisors. The Holder has reviewed with its own tax advisors the U.S. federal, state and local and
non-U.S. tax consequences of this investment and the transactions contemplated by this Warrant. With respect to such matters, the Holder relies solely on any such advisors and not on any statements or
representations of the Company or any of its agents, written or oral. The Holder understands that it (and not the Company) shall be responsible for its own tax liability that may arise as a result of this investment and the transactions contemplated
by this Warrant. 
  

	 	12.	 Miscellaneous. 

(a)    Amendments. Except as expressly provided herein, neither this Warrant nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument referencing this Warrant and signed by the Company and the Holder. 

(b)    Waivers. No waiver of any single breach or default shall be deemed a waiver of any other breach or
default theretofore or thereafter occurring. 
 (c)    Notices. All notices and other communications
required or permitted hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, sent by facsimile or electronic mail (if to the Holder) or otherwise delivered by hand, messenger or courier service addressed:

 (i)    if to the Holder, to the Holder at the Holder’s address, facsimile number or electronic mail address as
shown in the Company’s records, as may be updated in accordance with the provisions hereof, or until any such Holder so furnishes an address, facsimile number or electronic mail address to the Company, then to and at the address, facsimile
number or electronic mail address of the last holder of this Warrant for which the Company has contact information in its records; or 

(ii)    if to the Company, to the attention of the General Counsel of the Company at the Company’s address as shown
on the signature page hereto, or at such other address as the Company shall have furnished to the Holder, with a copy to Mark L. Reinstra, Wilson Sonsini Goodrich & Rosati, P.C., 650 Page Mill Road, Palo Alto, California 94304. 

Each such notice or other communication shall for all purposes of this Warrant be treated as effective or having been given (i) if
delivered by hand, messenger or courier service, when delivered, or (ii) if sent by mail, at the earlier of its receipt or 72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of the United States
mail, addressed and mailed as aforesaid, or (iii) if sent by facsimile, upon confirmation of facsimile transfer or, if sent by electronic mail, upon confirmation of delivery when directed to the relevant electronic mail address. In the event of
any conflict between the Company’s books and records and this Warrant or any notice delivered hereunder, the Company’s books and records will control absent fraud or error. 

  
 - 10 - 

 (d)    Governing Law. This Warrant and all actions arising
out of or in connection with this Warrant shall be governed by and construed in accordance with the laws of the State of California, without regard to the conflicts of law provisions of the State of California, or of any other state. 

(e)    Jurisdiction and Venue. Each of the Holder and the Company irrevocably consents to the
exclusive jurisdiction and venue of any court within Santa Clara County, State of California, in connection with any matter based upon or arising out of this Warrant or the matters contemplated herein, and agrees that process may be served upon them
in any manner authorized by the laws of the State of California for such persons. 
 (f)    Titles and
Subtitles. The titles and subtitles used in this Warrant are used for convenience only and are not to be considered in construing or interpreting this Warrant. All references in this Warrant to sections, paragraphs and exhibits shall, unless
otherwise provided, refer to sections and paragraphs hereof and exhibits attached hereto. 

(g)    Severability. If any provision of this Warrant becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Warrant, and such illegal, unenforceable or void provision shall be replaced with a
valid and enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes of the illegal, unenforceable or void provision. The balance of this Warrant shall be enforceable in accordance with its terms.

 (h)    Waiver of Jury Trial. EACH OF THE HOLDER AND THE COMPANY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATED TO THIS WARRANT. If the waiver of jury trial set forth in this paragraph is not
enforceable, then any claim or cause of action arising out of or relating to this Warrant shall be settled by judicial reference pursuant to California Code of Civil Procedure Section 638 et seq. before a referee sitting without a jury,
such referee to be mutually acceptable to the parties or, if no agreement is reached, by a referee appointed by the Presiding Judge of the California Superior Court for Santa Clara County. This paragraph shall not restrict the Holder or the Company
from exercising remedies under the Uniform Commercial Code or from exercising pre-judgment remedies under applicable law. 

(i)    California Corporate Securities Law. THE SALE OF THE
SECURITIES THAT ARE THE SUBJECT OF THIS WARRANT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO
SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102, OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS WARRANT ARE EXPRESSLY CONDITIONED UPON THE
QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
 (j)    Saturdays, Sundays and Holidays. If
the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday, Sunday or U.S. federal holiday, then such action may be taken or such right may be exercised on the next succeeding
day that is not a Saturday, Sunday or U.S. federal holiday. 
 (k)    Rights and Obligations Survive Exercise of
the Warrant. Except as otherwise provided herein, the rights and obligations of the Company and the Holder under this Warrant shall survive exercise of this Warrant. 

  
 - 11 - 

 (l)    Entire Agreement. Except as expressly set forth
herein, this Warrant (including the exhibits attached hereto) constitutes the entire agreement and understanding of the Company and the Holder with respect to the subject matter hereof and supersede all prior agreements and understandings relating
to the subject matter hereof. 
 (signature page follows) 

  
 - 12 - 

 The Company and the Holder sign this Warrant as of the date stated on the first page. 

 

	
	ROBLOX CORPORATION
	
	By:                                     
                                       
	
	Name: David
Baszucki                                        
     
	
	Title: President and Chief Executive Officer            
	
	Address:
	
	970 Park Place
	San Mateo, CA 94403

 AGREED AND ACKNOWLEDGED, 

By:
                                         
                                

Address: 
 (Signature Page to
Warrant to Purchase Shares of Common Stock of Roblox Corporation) 

 EXHIBIT A 

NOTICE OF EXERCISE 

TO:                        ROBLOX
CORPORATION (the “Company”) 

Attention:              President 

 

	(1)	 Exercise. The undersigned elects to purchase the following pursuant to the terms of the attached
warrant: 

  

					
	 Number of shares:
	 	 	 	
			
	Type of security:	 	 	 	

  

	(2)	 Method of Exercise. The undersigned elects to exercise the attached warrant pursuant to:

  

			
	 ☐
	  	A cash payment or cancellation of indebtedness, and tenders herewith payment of the purchase price for such shares in full, together with all applicable transfer taxes, if any.
		
	☐	  	The net issue exercise provisions of Section 2(b) of the attached warrant.

  

	(3)	 Stock Certificate. Please issue a certificate or certificates representing the shares in the name of:

  

									
	☐	  	The undersigned	 		  		 	
					
	☐	  	Other—Name:	 		  	 	 	
					
		  	Address:	 		  	 	 	
					
		  		 		  	 	 	

  

	(4)	 Unexercised Portion of the Warrant. Please issue a new warrant for the unexercised portion of the
attached warrant in the name of: 

  

									
	☐	  	The undersigned	 		  		 	
					
	☐	  	Other—Name:	 		  	 	 	
					
		  	Address:	 		  	 	 	
					
		  		 		  	 	 	
					
	☐	  	Not applicable	 		  		 	

  

	(5)	 Investment Intent. The undersigned represents and warrants that the aforesaid shares are being acquired
for investment for its own account, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and that the undersigned has no present intention of selling, granting any participation in, or
otherwise distributing the shares, nor does it have any contract, undertaking, agreement or arrangement for the same, and all representations and warranties of the undersigned set forth in Section 11 of the attached warrant are true and correct
as of the date hereof. 

  
 A-1 

	(6)	 Investment Representation Statement and Market Stand-Off
Agreement. The undersigned has executed, and delivers herewith, an Investment Representation Statement and Market Stand-Off Agreement in a form substantially similar to the form attached to the warrant as
Exhibit A-1. 

  

	(7)	 Consent to Receipt of Electronic Notice. Subject to the limitations set forth in Delaware General
Corporation Law §232(e), the undersigned consents to the delivery of any notice to stockholders given by the Company under the Delaware General Corporation Law or the Company’s certificate of incorporation or bylaws by (i) facsimile
telecommunication to the facsimile number provided below (or to any other facsimile number for the undersigned in the Company’s records), (ii) electronic mail to the electronic mail address provided below (or to any other electronic mail
address for the undersigned in the Company’s records), (iii) posting on an electronic network together with separate notice to the undersigned of such specific posting or (iv) any other form of electronic transmission (as defined in the
Delaware General Corporation Law) directed to the undersigned. This consent may be revoked by the undersigned by written notice to the Company and may be deemed revoked in the circumstances specified in Delaware General Corporation Law §232.

  

	
	  
 (Print name of the
warrant holder)

	
	  

(Signature)

	
	  
 (Name and title of
signatory, if applicable)

	
	  

(Date)

	
	  
 (Fax
number)

	
	  
 (Email
address)

 (Signature page to the Notice of Exercise) 

  
 A-2 

 EXHIBIT A-l 

INVESTMENT REPRESENTATION STATEMENT 

AND 
 MARKET STAND-OFF AGREEMENT 
  

			
	INVESTOR:	  	                                     
                                         
                                         
                                         
    
		
	COMPANY:	  	ROBLOX CORPORATION
		
	SECURITIES:	  	THE WARRANT ISSUED ON                              (THE
“WARRANT”) AND THE SECURITIES ISSUED OR ISSUABLE UPON EXERCISE THEREOF
		
	DATE:	  	                                     
                                         
  

 In connection with the purchase or acquisition of the above-listed Securities, the undersigned Investor
represents and warrants to, and agrees with, the Company as follows: 
 1.    No Registration. The Investor
understands that the Securities have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from the registration provisions of the
Securities Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Investor’s representations as expressed herein or otherwise made pursuant hereto. 

2. Investment Intent. The Investor is acquiring the Securities for investment for its own account, not as a
nominee or agent, and not with a view to, or for resale in connection with, any distribution thereof. The Investor has no present intention of selling, granting any participation in, or otherwise distributing the Securities, nor does it have any
contract, undertaking, agreement or arrangement for the same. 
 3.    Investment Experience. The Investor
has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company, and has such knowledge and experience in financial or business matters so that it is capable of evaluating
the merits and risks of its investment in the Company and protecting its own interests. 
 4.    Speculative Nature
of Investment. The Investor understands and acknowledges that the Company has a limited financial and operating history and that its investment in the Company is highly speculative and involves substantial risks. The Investor can bear the
economic risk of its investment and is able, without impairing its financial condition, to hold the Securities for an indefinite period of time and to suffer a complete loss of its investment. 

5.    Access to Data. The Investor has had an opportunity to ask questions of officers of the Company, which
questions were answered to its satisfaction. The Investor understands that any such discussions, as well as any information issued by the Company, were intended to describe certain aspects of the Company’s business and prospects, but were not
necessarily a thorough or exhaustive description. The Investor acknowledges that any business plans prepared by the Company have been, and continue to be, subject to change and that any projections included in such business plans or otherwise are
necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. 

  
 A-1-1 

 6.    Accredited Investor. The Investor is an
“accredited investor” within the meaning of Regulation D, Rule 501(a), promulgated by the Securities and Exchange Commission and agrees to submit to the Company such further assurances of such status as may be reasonably
requested by the Company. 
 7.    Residency. The residency of the Investor (or, in the case of a
partnership or corporation, such entity’s principal place of business) is correctly set forth on the signature page hereto. 

8.    Restrictions on Resales. The Investor acknowledges that the Securities must be held indefinitely
unless subsequently registered under the Securities Act or an exemption from such registration is available. The Investor is aware of the provisions of Rule 144 promulgated under the Securities Act, which permit resale of shares purchased in a
private placement subject to the satisfaction of certain conditions, which may include, among other things, the availability of certain current public information about the Company; the resale occurring not less than a specified period after a party
has purchased and paid for the security to be sold; the number of shares being sold during any three-month period not exceeding specified limitations; the sale being effected through a “broker’s transaction,” a transaction directly
with a “market maker” or a “riskless principal transaction” (as those terms are defined in the Securities Act or the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder); and the
filing of a Form 144 notice, if applicable. The Investor acknowledges and understands that the Company may not be satisfying the current public information requirement of Rule 144 at the time the Investor wishes to sell the Securities and that,
in such event, the Investor may be precluded from selling the Securities under Rule 144 even if the other applicable requirements of Rule 144 have been satisfied. The Investor understands and acknowledges that, in the event the applicable
requirements of Rule 144 are not met, registration under the Securities Act or an exemption from registration will be required for any disposition of the Securities. The Investor understands that, although Rule 144 is not exclusive, the
Securities and Exchange Commission has expressed its opinion that persons proposing to sell restricted securities received in a private offering other than in a registered offering or pursuant to Rule 144 will have a substantial burden of proof
in establishing that an exemption from registration is available for those offers or sales and that those persons and the brokers who participate in the transactions do so at their own risk. 

9.    No Public Market. The Investor understands and acknowledges that no public market now exists for any of the
securities issued by the Company and that the Company has made no assurances that a public market will ever exist for the Company’s securities. 

10.    Brokers and Finders. The Investor has not engaged any brokers, finders or agents in connection
with the Securities, and the Company has not incurred nor will incur, directly or indirectly, as a result of any action taken by the Investor, any liability for brokerage or finders’ fees or agents’ commissions or any similar charges in
connection with the Securities. 
 11.    Legal Counsel. The Investor has had the opportunity to review
the Warrant, the exhibits and schedules attached thereto and the transactions contemplated by the Warrant with its own legal counsel. The Investor is not relying on any statements or representations of the Company or its agents for legal advice with
respect to this investment or the transactions contemplated by the Warrant. 
 12.    Tax Advisors.
The Investor has reviewed with its own tax advisors the U.S. federal, state and local and non-U.S. tax consequences of this investment and the transactions contemplated by the Warrant. With respect to such
matters, the Investor relies solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. The Investor understands that it (and not the Company) shall be responsible for its own tax
liability that may arise as a result of this investment or the transactions contemplated by the Warrant. 

  
 A-1-2 

 13.    Market Stand-off.
The Investor agrees that the Investor shall not sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, of any common stock
(or other securities) of the Company held by the Investor (other than those included in the registration) during the one hundred eighty (180) day period following the effective date of the registration statement for the Company’s initial
public offering filed under the Securities Act (or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and
(ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). The obligations described in this
section shall not apply to a registration relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the future, or a
registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions and may stamp each certificate with a legend
with respect to the shares of common stock (or other securities) subject to the foregoing restriction until the end of such one hundred eighty (180) day (or other) period. 

(signature page follows) 

  
 A-1-3 

 The Investor is signing this Investment Representation Statement and Market Stand-Off Agreement on the date first written above. 
  

	
	INVESTOR
	
	  
 (Print name of the
investor)

	
	  

(Signature)

	
	  
 (Name and title of
signatory, if applicable)

	
	  
 (Street
address)

	
	  
 (City, state and
ZIP)

  
 A-1-4 

 EXHIBIT A 

NOTICE OF EXERCISE

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