Document:

EX-10.1

 Exhibit 10.1 
 SCIQUEST, INC. 
 CHANGE OF CONTROL SEVERANCE PLAN 

SciQuest, Inc., a Delaware corporation (the “Company”), has established this Change of Control Severance Plan, effective as of
May 24, 2012 (the “Plan”) for the benefit of certain key employees of the Company. 
 The purposes of the Plan
are (i) to reinforce and encourage the continued attention and dedication of members of the Company’s management to their assigned duties without the distraction arising from the possibility of a change of control of the Company,
(ii) to enable and encourage the Company’s management to focus their attention on obtaining the best possible deal for the Company’s stockholders and to make an independent evaluation of all possible transactions, without being
influenced by their personal concerns regarding the possible impact of various transactions on the security of their jobs and benefits, and (iii) to provide severance benefits to any Participant (as defined below) who incurs a termination of
employment under the circumstances described herein within a certain period following a Change of Control (as defined below). 

1. Defined Terms. For purposes of the Plan, the following terms shall have the meanings indicated below: 

“Accountants” shall mean the Company’s independent registered public accountants serving immediately prior to the
Change of Control; provided, however, that in the event that the Accountants are also serving as accountant or auditor for the individual, entity or group effecting the Change of Control, the Plan Administrator shall appoint another
nationally recognized public accounting firm to make the calculations required hereunder (which accounting firm shall then be referred to as the Accountants hereunder). 
 “Benefits Continuation Period” shall mean the earlier to occur of (i) the expiration of a Participant’s eligibility for coverage under COBRA and (ii) the expiration of the
eighteen (18) month period immediately following the Participant’s Date of Termination. 
 “Benefits
Multiple” shall mean the Benefits Multiple specified in a Participant’s Participation Agreement. 

“Board” shall mean the Board of Directors of the Company. 

“Cash Severance Payment” shall mean a lump sum cash payment in an amount equal to the product of (x) the
Participant’s Benefits Multiple, and (y) the sum of (i) the Participant’s annual base salary as in effect immediately prior to the Date of Termination or, if higher, as in effect immediately prior to the Change of Control, plus
(ii), if specified in the Participant’s Participation Agreement, the Participant’s targeted annual bonus for the year in which such Date of Termination occurs as in effect immediately prior to the Date of Termination or, if higher, as
in effect immediately prior to the Change of Control. 

 “Cause” shall mean (i) the Participant’s conviction of a felony
(other than a violation of traffic or motor vehicle laws), (ii) any act of personal dishonesty taken by the Participant in connection with his or her responsibilities as an employee which is intended to result in substantial personal enrichment
of the Participant and is reasonably likely to result in material harm to the Company, (iii) a willful act by the Participant which constitutes misconduct and is materially injurious to the Company, or (iv) continued willful violations by
the Participant of the Participant’s obligations to the Company. 
 “Change of Control” shall mean the
occurrence of any of the following, in one or a series of related transactions: 
 (i) any “person” (as such term is
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing forty percent
(40%) or more of the total voting power represented by the Company’s then outstanding voting securities; 
 (ii) any
action or event occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors; 
 (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities
of the Company or such surviving entity outstanding immediately after such merger or consolidation; 
 (iv) the consummation of
the sale, lease or other disposition by the Company of all or substantially all the Company’s assets; or 
 (v) the
occurrence of any other event that the Board in its sole discretion determines constitutes a Change of Control. 

“Change of Control Period” shall mean (i) in the context of a termination of employment for Good Reason, the period
beginning on the date of a Change of Control and ending on the first anniversary of such Change of Control, and (ii) in the context of any other termination of employment, the period beginning on the date of a Change of Control and ending on
the second anniversary of such Change of Control. 
 “COBRA” shall mean the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended from
time to time. 
 “Common Stock” shall mean the common stock of the Company, par value $0.001 per share.

 “Company” shall mean SciQuest, Inc., a Delaware corporation, and, except in
determining whether any Change of Control of the Company has occurred, shall include any successor to its business and/or assets. 
 “Confidential Information” shall mean any trade secrets or confidential information concerning the organization, business or finances of the Company received by the Participant from or
through his or her employment by the Company (including but not limited to trade secrets or confidential information respecting inventions, research, products, designs, methods, know-how, formulae, techniques, systems, processes, software programs,
works of authorship, customer lists, projects, plans and proposals). 
 “Date of Termination” shall mean with
respect to any purported Separation from Service of a Participant (other than by reason of the Participant’s death), (i) if the Participant’s Separation from Service is for Disability, the date upon which a Notice of Termination is
given, and (ii) if the Participant’s Separation from Service is for any other reason, whether voluntarily or involuntarily, the date that the Participant’s employment terminates, as specified in the Notice of Termination (which shall
be within sixty (60) days from the date such Notice of Termination is given). 
 “Disability” means a
physical or mental condition entitling the Participant to benefits under the applicable long-term disability plan of the Company or any its subsidiaries, or if no such plan exists, a “permanent and total disability” (within the meaning of
Section 22(e)(3) of the Code) or as determined by the Company in accordance with applicable laws. 
 “Eligible
Executive” shall a key employee of the Company who is also within a “select group of management or highly compensated employees” within the meaning of ERISA §§201(2), 301(a)(3), 401(a)(1) and 4021(b)(6). 

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

“Good Reason” shall mean the occurrence of any of the following: (i) a material reduction of the duties, authority
or responsibilities of the Participant or the supervisor to whom the Participant directly reports relative to such person’s duties, authority or responsibilities in effect immediately prior to the Change of Control; (ii) a material
reduction by the Company of the Participant’s base salary or bonus opportunity as in effect immediately prior to such reduction; (iii) a material reduction by the Company in the kind or level of employee benefits to which the Participant
is entitled immediately prior to such reduction with the result that the Executive’s overall benefits package is materially reduced; (iv) a material change in the geographic location at which the Participant must provide services (the
relocation of the Participant to a facility or a location more than twenty-five (25) miles from his or her current facility shall be such a change, but any lesser change shall not); or (v) any material breach of this Plan by the Company,
including without limitation the failure of the Company to obtain the assumption of this Agreement by a successor. 

 “Incumbent Directors” shall mean directors who either (A) are
directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not
include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company). 
 “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in the Plan relied upon and shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Participant’s employment under the provision so indicated. 

“Participant” shall mean an Eligible Executive who has been selected by the Plan Administrator to join the Plan, and who
has joined the Plan by executing and timely submitting a Participation Agreement to the Plan Administrator. 

“Participation Agreement” shall mean an agreement in substantially the form attached hereto as Exhibit A
(or such other form as the Plan Administrator may specify) pursuant to which an Eligible Executive may become entitled as a Participant in the Plan. 
 “Plan Administrator” shall mean the committee or other parties responsible for administering the Plan, as described in Section 3(a) hereof. 

“Proprietary Information Agreement” shall mean the Company’s form of Employee Noncompetition, Nondisclosure and
Developments Agreement in the form in effect immediately prior to a Change of Control. 
 “Release Agreement”
shall mean the Company’s standard waiver and release of claims as in effect as of the Date of Termination or as otherwise approved by the Plan Administrator in its sole discretion. 

“Separation from Service” shall mean a “separation from service” within the meaning of Treas. Reg.
§1.409A-1(h). 
 “Severance Benefits” shall have the meaning assigned to it in Section 4.1.

 2. Effective Date and Term of Plan. The Plan shall be effective as of May 24, 2012 and shall continue in effect
through May 24, 2015; provided, however, that if a Change of Control occurs during the term of the Plan, the term of the Plan shall continue in effect for a period of not less than twenty-four (24) months beyond the month in which
such Change of Control occurred. 

 3. Administration and Participation. 

3.1 Administration. The Compensation Committee of the Board of Directors of the Company will serve as the Plan Administrator. The
Plan Administrator shall administer the Plan and may interpret the Plan, prescribe, amend and rescind rules and regulations under the Plan and make all other determinations necessary or advisable for the administration of the Plan, subject to all of
the provisions of the Plan. The Plan Administrator may delegate any of its duties hereunder to such person or persons from time to time as it may designate. The Plan Administrator is empowered, to engage accountants, legal counsel and such other
personnel as it deems necessary or advisable to assist it in the performance of its duties under the Plan. The functions of any such persons engaged by the Plan Administrator shall be limited to the specified services and duties for which they are
engaged, and such persons shall have no other duties, obligations or responsibilities under the Plan. Such persons shall exercise no discretionary authority or discretionary control respecting the management of the Plan. All reasonable expenses
thereof shall be borne by the Company. Following the occurrence of a Change in Control, the Company may not remove from office the individual or individuals who served as Plan Administrator immediately prior to the Change in Control; provided,
however, if any such individual ceases to be affiliated with the Company, the Company may appoint another individual or individuals as Plan Administrator so long as the substitute Plan Administrator consists solely of an individual or individuals
who (i) were officers of the Company immediately prior to the Change in Control, (ii) were directors of the Company immediately prior to the Change in Control and are not affiliated with the acquiring entity in the Change in Control or
(c) were selected or approved by an officer or director described in clause (i) or (ii). 
 3.2 Participation.
The Plan Administrator may, from time to time, determine those Eligible Executives of the Company who are generally eligible to join the Plan and, upon making such a determination, will provide to any such Eligible Executive a Participation
Agreement in substantially the form attached hereto as Exhibit A (or such other form as the Plan Administrator may specify) pursuant to which such Eligible Executive shall become a Participant in the Plan; provided, however, that no
Eligible Executive will commence participation in the Plan prior to his or her execution and submission of such Participation Agreement. 
 4. Benefits Provided. 
 4.1 Termination After Change of Control. If
a Participant’s incurs a Separation from Service with the Company during a Change of Control Period (a) by the Company other than for Cause or Disability or death, or (b) by the Participant for Good Reason, the Company shall pay the
Participant the amounts, and provide the Participant with the benefits, described in this Section 4.1 (collectively, the “Severance Benefits”). 
 (a) Cash Severance Payment. In lieu of any further salary payments to the Participant for periods subsequent to the Date of Termination and in lieu of any severance benefit otherwise payable to the
Participant (other than accrued vacation and similar benefits otherwise payable upon termination of employment pursuant to Company policies and programs), the Company shall pay to the Participant the Cash Severance Payment. The Cash Severance
Payment shall be subject to standard payroll tax deductions. 
 (b) Unpaid Salary. The Company shall pay to the
Participant any earned but unpaid portion of the Participant’s base salary as of the Date of Termination at the rate in effect at the time Notice of Termination is given, plus all other amounts to which the Participant is entitled under any
compensation plan or practice of the Company at the time such payments are due. 

 (c) Benefits. Subject to Section 11.6(b) hereof, if, as a result of the
Participant’s termination of employment, the Participant and/or his or her dependents becomes entitled to, and timely elects to continue, health care and/or dental coverage under COBRA, the Company shall provide the Participant and his or her
dependents with Company-paid group health and dental insurance continuation coverage under COBRA during the Benefits Continuation Period. 
 (d) Indemnification. In any situation where under applicable law the Company has the power to indemnify (or advance expenses to) the Participant in respect of any judgments, fines, settlements,
loss, cost or expense (including attorneys’ fees) of any nature related to or arising out of the Participant’s activities as an agent, employee, officer or director of the Company or in any other capacity on behalf of or at the request of
the Company, the Company shall promptly on written request, indemnify (and advance expenses to) the Participant to the fullest extent permitted by applicable law. Such agreement by the Company shall not be deemed to impair any other obligation of
the Company respecting the Participant’s indemnification otherwise arising out of this or any other agreement or promise of the Company or under any statute.
 (e) Liability Insurance. For the six (6) year period immediately following the Date of Termination, the Company shall furnish each Participant who was a director and/or officer of the Company
at any time prior to the Date of Termination with directors’ and/or officers’ liability insurance, as applicable, insuring the Participant against insurable events which occur or have occurred while the Participant was a director or
officer of the Company, such insurance to have policy limits aggregating not less than the amount in effect immediately prior to the Change of Control, and otherwise to be in substantially the same form and to contain substantially the same terms,
conditions and exceptions as the liability insurance policies provided for officers and directors of the Company in force from time to time, provided, however, that if the aggregate annual premiums for such insurance at any time during such
period exceed one hundred and fifty percent (150%) of the per annum rate of premium currently paid by the Company for such insurance, then the Company shall provide the maximum coverage that will then be available at an annual premium equal to
one hundred and fifty percent (150%) of such rate. 
 4.2 Equity Acceleration. Each Participant’s outstanding
and unvested stock options will accelerate and become fully vested, and the restrictions applicable to his or her outstanding restricted stock award(s) will lapse and become fully vested if a Participant’s employment is terminated during a
Change of Control Period (a) by the Company other than for Cause or Disability or (b) by the Participant for Good Reason; provided, however, that each Participant’s outstanding and unvested stock options will accelerate and become
fully vested, and the restrictions applicable to his or her outstanding restricted stock award(s) will lapse and become fully vested upon the consummation of a Change of Control if the agreements effectuating the Change of Control do not provide for
the assumption or substitution of such stock options and/or restricted stock awards. This Section 4.2 shall be the sole obligation of the Company to accelerate vesting of any stock options or restricted stock awards of each Participant and
shall supersede the acceleration provisions contained in Section 11.5 of the SciQuest, Inc. 2004 Stock Incentive Plan. 

 4.3 Determination and Payment of Benefits. 

(a) All calculations required to be made under Sections 4.1 and 4.2 hereof and the assumptions to be utilized in arriving at such
calculations shall be made by the Accountants. The Accountants shall provide the Participant and the Company with detailed supporting calculations with respect to such calculations at least fifteen (15) business days prior to the date of the
Change of Control (or as soon as practicable in the event that the Accountants have less than fifteen (15) business days advance notice of the potential occurrence of the Change of Control) with respect to the impact of any payment which will
be made to the Participant before, at or immediately after the Change of Control and from time to time thereafter to the extent that the Participant may become entitled to receive any additional payments or benefits which would affect the amount of
any “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code payable to the Participant in order that the Participant may determine whether it is in the best interest of the Participant to waive the receipt of
any or all amounts which may constitute “excess parachute payments.” Any calculation by the Accountants shall be binding upon the Company and the Participant. All fees and expenses of the Accountants under this Section 4.2 shall be
borne solely by the Company. 
 (b) Notwithstanding any other provision of this Plan, in the event that any payment or benefit
received or to be received by the Participant, including any payment or benefit received in connection with a termination of the Participant’s employment, whether pursuant to the terms of this Plan or any other plan, arrangement or agreement,
(all such payments and benefits, including the payments and benefits under Section 4 hereof, being hereinafter referred to as the “Total Payments”) would be subject (in whole or part), to the excise tax imposed under
Section 4999 of the Code (the “Excise Tax”), then, after taking into account any reduction in the Total Payments provided by reason of Section 280G of the Code in such other plan, arrangement or agreement, the payments
under this Plan shall be reduced in the order specified below, to the extent necessary so that no portion of the Total Payments is subject to the Excise Tax but only if (i) the net amount of such Total Payments, as so reduced (and after
subtracting the net amount of federal, state and local income taxes on such reduced Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable to such reduced Total Payments) is greater
than or equal to (ii) the net amount of such Total Payments without such reduction (but after subtracting the net amount of federal, state and local income taxes on such Total Payments and the amount of Excise Tax to which the Participant would
be subject in respect of such unreduced Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable to such unreduced Total Payments). The payments and benefits under this Plan shall be
reduced in the following order: (A) reduction of any cash severance payments otherwise payable to the Participant that are exempt from Section 409A of the Code; (B) reduction of any other cash payments or benefits otherwise payable to
the Participant that are exempt from Section 409A of the Code, but excluding any payments attributable to any acceleration of vesting or payments with respect to any equity award that are exempt from Section 409A of the Code;
(C) reduction of any other payments or benefits otherwise payable to the Participant on a pro-rata basis or such other manner that complies with Section 409A of the Code, but excluding any payments attributable to any acceleration of
vesting and payments with respect to any equity award that are exempt from Section 409A of the Code; and (D) reduction of any payments attributable to any acceleration of vesting or payments with respect to any equity award that are exempt
from Section 409A of the Code, in each case beginning with payments that would otherwise be made last in time. 

 (c) For purposes of determining whether and the extent to which the Total Payments will be
subject to the Excise Tax, (i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of
Section 280G(b) of the Code shall be taken into account; (ii) no portion of the Total Payments shall be taken into account which, in the written opinion of the Accountants, does not constitute a “parachute payment” within the
meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Total Payments shall be taken into account which, in the opinion of the
Accountants, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the Base Amount (as defined in Section 280G(b)(3) of the Code) allocable to such
reasonable compensation; and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by the Accountants in accordance with the principles of Sections 280G(d)(3) and
(4) of the Code. 
 (d) Subject to Section 11.6(b) hereof, the cash payments provided in Sections 4.1(a) and
(b) hereof shall be made by the fifth (5th) day following the receipt by the Participant of the Accountants’ calculation, but in no event later than March 15 of the calendar year following the calendar year in which the
Participant’s employment is terminated. As a result of uncertainty in the application of Section 280G and Section 4999 of the Code at the time of the initial calculation by the Accountants hereunder, it is possible that the Cash
Severance Payment made by the Company will have been less than the Company should have paid pursuant to Section 4.1(a) hereof, as the case may be (the amount of any such deficiency, the “Underpayment”) or more than the Company should
have paid pursuant to Section 4.1(a) hereof, as the case may be (the amount of any such overage, the “Overpayment”). In the event of an Underpayment, the Company shall pay the Participant the amount of such Underpayment (together with
interest at 120% of the rate provided in Section 1274(b)(2)(B) of the Code) not later than five (5) business days after the amount of such Underpayment is subsequently determined, provided, however, such Underpayment shall not be
paid later than the end of the calendar year following the calendar year in which the Participant remitted the related taxes. In the event of an Overpayment, the amount of such Overpayment shall constitute a loan by the Company to the Participant,
payable not later than five (5) business days after the amount of such Overpayment is subsequently determined (together with interest at 120% of the rate provided in Section 1274(b)(2)(B) of the Code). 

(e) At the time that any payments are made under the Plan, the Company shall provide the Participant with a written statement setting
forth the manner in which such payments were calculated and the basis for such calculations including, without limitation, any opinions or other advice the Company has received from its counsel, the Accountants or other advisors or consultants (and
any such opinions or advice which are in writing shall be attached to the statement). 

 4.4 Release Agreement. All Severance Benefits provided under the Plan are in
consideration of a Participant’s execution of a Release Agreement. If a Participant does not properly execute such a Release Agreement within forty-five (45) days from his or her Date of Termination or revokes his or her Release Agreement
after submitting it, the Participant will not be entitled to any Severance Benefits otherwise available under the Plan. 
 5.
Termination Procedures. Any purported termination of a Participant’s employment following a Change of Control (other than by reason of death) shall be communicated by written Notice of Termination from one party to the other party in
accordance with Section 8 hereof. Further, no termination for Cause shall be effective without (a) reasonable notice to the Participant setting forth the reasons for the Company’s intention to terminate which specifies the particulars
thereof in detail, and (b) in the case of clauses (ii), (iii) or (iv) of the definition of Cause above, an opportunity for the Participant to cure such Cause within thirty (30) days after receipt of such notice. 

6. No Mitigation. The Company agrees that the Participant is not required to seek other employment or to attempt in any way to
reduce any amounts payable to the Participant by the Company pursuant to Section 4 hereof in order for a Participant to be eligible to receive the payments and other benefits described herein. Further, the amount of any payment or benefit
provided for in the Plan shall not be reduced by any compensation earned by the Participant as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Participant to the Company,
or otherwise. 
 7. Successors; Binding Agreement. 

7.1 Assumption by Successor. The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume the Plan and all obligations of the Company hereunder in the same manner and to the same extent that the Company would be so
obligated if no such succession had taken place. 
 7.2 Binding Agreement. 

(a) This Plan shall inure to the benefit of and shall be binding upon the Company, its successors and assigns, but without the prior
written consent of the Participants the Plan may not be assigned other than in connection with the merger or sale of any part of the business and/or assets of the Company or similar transaction in which the successor or assignee assumes (whether by
operation of law or express assumption) all obligations of the Company hereunder. 
 (b) This Plan shall inure to the benefit of
and be enforceable by the Participant’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, legatees or other beneficiaries. If a Participant shall die while any amount would still be payable
to such Participant hereunder (other than amounts which, by their terms, terminate upon the death of the Participant) if such Participant had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of the Plan to the executors, personal representatives or administrators of such Participant’s estate. 

 8. Notices. For the purpose of the Plan, notices and all other communications
provided for in the Plan shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed, if to a Participant, to the address on file
with the Company and, if to the Company, to the address set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon
actual receipt: 
 SciQuest, Inc. 
 6501 Weston Parkway 
 Cary, NC 27513 

Attention: Compensation Committee 
 9. Claims Procedures; Expenses. 
 9.1 Dispute Resolution. The
Participant’s assertion of a right to benefits under, in connection with, or in any way related to the Plan constitutes Participant’s agreement to resolve covered disputes against any person or entity pursuant to this Section 9.

 9.2 Claim for Benefits. A Participant may file with the Plan Administrator a written claim for benefits under the
Plan. The Plan Administrator shall, within a reasonable time not to exceed thirty (30) days, unless special circumstances require an extension of time of not more than an additional thirty (30) days (in which event a Participant will be
notified of the delay during the first thirty (30) day period), provide adequate notice in writing to any Participant whose claim for benefits shall have been denied, setting forth the following in a manner calculated to be understood by the
Participant: (i) the specific reason or reasons for the denial; (ii) specific reference to the provision or provisions of the Plan on which the denial is based; (iii) a description of any additional material or information required to
perfect the claim, and an explanation of why such material or information is necessary; and (iv) information as to the steps to be taken in order that the denial of the claim may be reviewed, including a statement of the Participant’s
right to bring an action under Section 502(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) following an adverse determination of the claim. 

9.3 Review of Claims. If a Participant’s claim has been denied and the Participant wishes to submit a request for a review of
such claim, the Participant must follow the claims review procedure below: 
 (a) Upon the denial of a claim for benefits, a
Participant may file a request for review of the claim, in writing, with the Plan Administrator or any person or persons to whom the Plan Administrator has delegated its duties hereunder, including a claims processor; 

(b) The Participant must file the claim for review not later than 30 days after the Participant has received written notification of
the denial of the claim; 
 (c) The Participant has the right to review and obtain copies of all relevant documents relating to
the denial of the claim and to submit any issues and comments, in writing, to the Plan Administrator; 

 (d) If the claim is denied, the Plan Administrator must provide the Participant with written
notice of this denial within 30 days after the Plan Administrator’s receipt of the Participant’s written claim for review. There may be times when this 30-day period may be extended. This extension may only be made, however, when
there are special circumstances that are communicated to the Participant in writing within the 30-day period. If there is an extension, a decision will be made as soon as possible, but not later than 90 days after receipt by the Plan
Administrator of the claim for review; and 
 (e) The Plan Administrator’s decision on the claim for review will be
communicated to the Participant in writing, and if the claim for review is denied in whole or part, the decision will include: (i) the specific reason or reasons for the denial; (ii) specific reference to the provision or provisions of the
Plan on which the denial is based; (iii) a statement that the Participant may receive, upon request and free of charge, reasonable access to and copies of, all documents, records and other information relevant to the claim; and (iv) a
statement of the Participant’s right to bring an action under Section 502(a) of ERISA. 
 9.4 Expenses, Legal
Fees. The Company shall pay to the Participant all reasonable expenses (including reasonable attorneys’ fees and legal expenses) incurred by the Participant with respect to any dispute or controversy arising under or in connection with the
Plan (including, without limitation, all such fees and expenses, if any, incurred in contesting or disputing any termination of the Participant’s employment or in seeking to obtain or enforce any right or benefit provided by the Plan, or in
connection with any tax audit or proceeding to the extent attributable to the application of Section 4999 of the Code to any payment or benefit provided hereunder) if the Participant prevails on any material issue which is in dispute with
respect to such dispute or controversy. The Company shall make such payments no later than the last day of the Participant’s taxable year immediately following the taxable year in which the expenses are incurred. 

10. Confidentiality; Non-Solicitation. 
 10.1 Confidentiality. With respect to each Participant, during the Participant’s Benefits Continuation Period, the Participant shall not directly or indirectly disclose or make available to
any person, firm, corporation, association or other entity for any reason or purpose whatsoever, any Confidential Information. Upon termination of a Participant’s employment with the Company, all Confidential Information in the
Participant’s possession that is in written or other tangible form (together with all copies or duplicates thereof, including computer files) shall be returned to the Company and shall not be retained by the Participant or furnished to any
third party, in any form except as provided herein; provided, however, that the Participant shall not be obligated to treat as confidential, or return to the Company copies of any Confidential Information that (i) was publicly known at
the time of disclosure to the Participant, (ii) becomes publicly known or available thereafter other than by any means in violation of the Plan or any other duty owed to the Company by any person or entity, or (iii) is lawfully disclosed
to the Participant by a third party. In addition, each Participant shall be subject to the Company’s policies regarding proprietary information and inventions, as set forth in the Proprietary Information Agreement. 

 10.2 Non-Solicitation. In addition to each Participant’s obligations under the
Proprietary Information Agreement, during a Participant’s Benefits Continuation Period, the Participant shall not, either on the Participant’s own account or jointly with or as a manager, agent, officer, employee, consultant, partner,
joint venturer, owner or stockholder or otherwise on behalf of any other person, firm or corporation, directly or indirectly solicit or attempt to solicit away from the Company any of its officers or employees or offer employment to any person who
is an officer or employee of the Company; provided, however, that a general advertisement to which an employee of the Company responds shall in no event be deemed to result in a breach of this Section 10.2. 

10.3 Breach; Violation. In the event that a Participant breaches or violates any provision of Section 10.1 or 10.2 hereof,
the Participant shall thereupon forfeit any right and interest of the Participant to receive payments or benefits hereunder, and the Company shall thereupon have no further obligation to provide such payments or benefits to the Participant
hereunder. 
 10.4 Survival of Provisions. The provisions of this Section 10 shall survive the termination or
expiration of the applicable Participant’s employment with the Company and shall be fully enforceable thereafter. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 10 is excessive in
duration or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the law
of that state. 
 11. Miscellaneous. 
 11.1 No Waiver. No waiver by the Company or any Participant, as the case may be, at any time of any breach by the other party of, or of any lack of compliance with, any condition or provision of
the Plan to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. All other plans, policies and arrangements of the Company in which the
Participant participates during the term of the Plan shall be interpreted so as to avoid the duplication of benefits paid hereunder. 
 11.2 No Right to Employment. Nothing contained in the Plan or any documents relating to the Plan shall (i) confer upon any Participant any right to continue as a Participant or in the employ
of the Company or a subsidiary, (ii) constitute any contract or agreement of employment, or (iii) interfere in any way with the at-will nature of the Participant’s employment with the Company. 

11.3 Termination and Amendment of Plan. The Company shall have the right to amend (and to amend or cancel any amendments), or,
subject to Section 2 hereof, terminate the Plan at any time by resolution of the Board; provided, however, that after a Change of Control, the Company may not terminate the Plan and no amendment to the Plan shall be made that removes any
Participant from participation in the Plan or that adversely affects a Participant’s interests without the express written consent of the Participant(s) so affected. Subject to Section 10.3 hereof, notwithstanding anything contained herein
to the contrary, all obligations accrued by Participants prior to any termination of the Plan must be satisfied in full in accordance with the terms hereof. 

 11.4 Benefits not Assignable. Except as otherwise provided herein or by law, no right
or interest of any Participant under the Plan shall be assignable or transferable, in whole or in part, either directly or by operation of law or otherwise, including, without limitation, by execution, levy, garnishment, attachment, pledge or in any
manner; no attempted assignment or transfer thereof shall be effective; and no right or interest of any Participant under the Plan shall be liable for, or subject to, any obligation or liability of such Participant. When a payment is due under the
Plan to a Participant who is unable to care for his or her affairs, payment may be made directly to his or her legal guardian or personal representative. 
 11.5 Tax Withholding. The Company shall withhold from any payments made to a Participant under this Plan all federal, state and local income, employment and other taxes that the Company reasonably
determines to be required to be withheld by the Company in connection with such payments, in amounts and in a manner to be determined in the sole discretion of the Company. Except to the extent specifically provided within this Plan or any separate
written agreement between a Participant and the Company, a Participant shall be solely responsible for the satisfaction of any taxes with respect to the benefits payable to the Participant under this Plan (including, but not limited to, employment
taxes imposed on employees and additional taxes on nonqualified deferred compensation). 
 11.6 Code Section 409A.

 (a) Generally. Although the Company intends and expects that the Plan and its payments and benefits will not give rise
to taxes imposed under Section 409A of the Code, neither the Company, nor its employees, directors, or agents shall have any obligation to mitigate or to hold any Participant harmless from any or all of such taxes. 

(b) Section 409A Six-Month Delayed Payment Rule. If any payments or benefits that become payable under this Plan on account
of the Participant’s termination of employment constitute a deferral of compensation under Code Section 409A, such payments or benefits will be provided when the Participant incurs a “separation from service” within the meaning
of Treasury Regulation § 1.409A-1(h) or successor provision (“Separation from Service”). If, at the time of the Participant’s Separation from Service, the Participant is a “specified employee” (within the meaning
of Section 409A of the Code and Treasury Regulation Section 1.409A-1(i) or successor provision), the Company will not pay or provide any “Specified Benefits” (as defined herein) during the six-month period beginning with the date
of the Participant’s Separation from Service (the “409A Suspension Period”). In the event of a Participant’s death, however, the Specified Benefits shall be paid to the Participant’s Beneficiary without regard to the 409A
Suspension Period. For purposes of this Plan, “Specified Benefits” are any payments or benefits that would be subject to Section 409A additional taxes if the Company were to pay them, pursuant to this Plan, on account of the
Participant’s “separation from service.” Within 14 calendar days after the end of the 409A Suspension Period, the Participant shall be paid a lump-sum payment in cash equal to any Specified Benefits delayed during the 409A Suspension
Period. 

 (c) Separation of Payments. Any right to a series of installment payments under this
Agreement shall, for purposes of Section 409A of the Code, be treated as a right to a series of separate payments. 

(d) Intent and Interpretation. It is intended that all payments under this Plan shall fall within exceptions under the regulations
issued under Code §409A so that they will not be deferred compensation and be subject to Code §409A, and the Plan shall be interpreted accordingly. However, if any payment is determined to be deferred compensation subject to Code
§409A, it is intended that this Plan comply with Code §409A with respect to such payment. 
 11.7 Governing
Law. This Plan shall be construed, interpreted and the rights of the parties determined in accordance with the laws of the State of Delaware, to the extent not preempted by federal law, which shall otherwise control. 

11.8 Validity. The invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of
any other provision of the Plan, which shall remain in full force and effect. If the Plan shall for any reason be or become unenforceable by either party, the Plan shall thereupon terminate and become unenforceable by the other party as well.

 EXHIBIT A 

Form of Notice of Eligibility/Participation Agreement 
 Dear [Eligible Executive]: 
 This letter relates to the SciQuest, Inc. Change of Control Severance
Plan (the “Plan”). 
 Through this letter, you are being offered the opportunity to become a participant in the Plan and
thereby to be eligible to receive the benefits provided for in the Plan. A copy of the Plan is attached to this letter. You should read it carefully and become comfortable with its terms and conditions, and those set forth below. In order to
commence participation in the Plan, you must execute this letter and return it to the Company. By executing this letter, you will be establishing a “Participation Agreement” within the meaning of the Plan, and you will thereby be
acknowledging and agreeing to the following provisions: 
  

	 	•	 	 that you have received and reviewed a copy of the Plan; 

 

	 	•	 	 that your participation in the Plan requires that you agree irrevocably and voluntarily to the terms of the Plan and the terms set forth below; and

  

	 	•	 	 that you have had the opportunity to carefully evaluate this opportunity, and desire to participate in the Plan according to the terms and conditions
set forth herein. 

 Subject only to your signing and returning this Participation Agreement to the Company, you shall be a
“Participant” in the Plan. Your participation in the Plan will be effective upon your signing and returning this Participation Agreement to the Company. Capitalized terms used in this Participation Agreement but not otherwise defined will
have the meaning set forth in the Plan. 
 Your Benefits Multiple for purposes of determining your Cash Severance Payment shall be
            . Your Cash Severance Payment shall be a lump sum cash payment in an amount equal to the product of (x) your Benefits Multiple, and [(y) the sum of (i)] your
annual base salary as in effect immediately prior to the Date of Termination or, if higher, as in effect immediately prior to the Change of Control, [plus (ii) your targeted annual bonus for the year in which such Date of Termination occurs as
in effect immediately prior to the Date of Termination or, if higher, as in effect immediately prior to the Change of Control]. 
 You
understand and acknowledge that you are ultimately liable and responsible for all taxes owed in connection with any benefits you may receive under the Plan, regardless of any action the Company takes with respect to any tax withholding obligations
that arise in connection with these benefits. The Company makes no representation or undertaking regarding the treatment of any tax withholding in connection with your benefits under the Plan. While the Company intends to operate the Plan in a
manner that avoids the limitations imposed by Section 409A of the Internal Revenue Code, the Company makes no representation that the Plan will, in fact, avoid these limitations or will comply with Section 409A to the extent it becomes
applicable. The Company makes no undertaking to prevent Section 409A from applying to this Plan or any Severance Benefits made under it or to mitigate the effects of such provision on any payments made pursuant to this Plan. You are encouraged
to consult a tax adviser regarding the potential tax and other implications of participation in the Plan in light of your own personal circumstances. 

 By your execution hereof, you recognize and agree that your execution of this Participation Agreement
results in your enrollment and participation in the Plan and that you agree to be bound by the terms and conditions of the Plan and this Participation Agreement. 
 DATED             . 
  

			
	SCIQUEST, INC.
		
	By:	 	  

	 [NAME][TITLE]

 ACCEPTED AND AGREED TO AS OF             , 2012. 

 

	
	  

	 [NAME]EX-10.2

 Exhibit 10.2 
 SCIQUEST, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 

Section 1 
 Purpose 
 The purpose of the SciQuest, Inc. Employee Stock Purchase Plan is to provide
Employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company on a payroll or other compensation deduction basis. The Plan is intended to qualify as an “employee stock purchase plan”
under Code Section 423. The Plan will be construed so as to extend and limit participation in a manner within the requirements of Code Section 423. 
 Section 2 
 Definitions 

As used in the Plan, the following terms, when capitalized, have the following meanings: 

(a) “Board” means the Company’s Board of Directors. 

(b) “Business Day” means (i) if the Shares are then listed on the Nasdaq Global Market, a day that the Nasdaq
Global Market is open or (ii) if the Shares are then listed on any other national securities exchange, a day that such exchange is open. 
 (c) “Change of Control” means any of the following: 
 (i) any
transaction or series of transactions pursuant to which the Company sells, transfers, leases, exchanges or disposes of substantially all (i.e., at least eighty-five percent (85%)) of its assets for cash or property, or for a combination
of cash and property, or for other consideration; 
 (ii) any transaction pursuant to which persons who are not current
stockholders of the Company acquire by merger, consolidation, reorganization, division or other business combination or transaction, or by a purchase of an interest in the Company, an interest in the Company so that after such transaction, the
stockholders of the Company immediately prior to such transaction no longer have a controlling (i.e., 50% or more) voting interest in the Company; or 
 (iii) the acquisition of “beneficial ownership” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) of securities of the Company representing fifty percent
(50%) or more of the combined voting power of the Company’s then outstanding securities (other than through a merger or consolidation or an acquisition of securities directly from the Company) by any “person,” as such term is
used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended, other than the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any corporation owned directly or
indirectly by the stockholders of the Company. 
 (d) “Code” means the Internal Revenue Code of 1986, as
amended. 

 (e) “Committee” means the committee described in Section 10.

 (f) “Common Stock” means the common stock of the Company, $0.001 par value per share, or any stock into
which that common stock may be converted. 
 (g) “Company” means SciQuest, Inc., a Delaware corporation,
and any successor corporation. 
 (h) “Compensation” means (i) the regular basic earnings paid to an
Employee by the Company or a Designated Subsidiary, plus (ii) any salary deferral contributions made on behalf of an Employee to a Code Section 401(k) Plan, Code Section 125 Plan or any nonqualified deferred compensation plan. The
following shall be excluded from the calculation of Compensation: (i) overtime payments, bonuses and commissions, (ii) all distributions from profit-sharing, nonqualified deferred compensation, welfare benefits and other employee benefit
plans and other incentive-type payments and (ii) all contributions (other than salary deferral contributions made to a Code Section 401(k) Plan, Code Section 125 Plan, or any nonqualified deferred compensation plan) made by the
Company or any Designated Subsidiary for an Employee’s benefit under any employee benefit or welfare plan now or hereafter established. 
 (i) “Contributions” means all amounts credited to the Participant’s Payroll Deduction Account. 
 (j) “Designated Subsidiary” means any Subsidiary that may be designated from time to time by the Committee as eligible to participate in the Plan as to its eligible Employees.

 (k) “Disability” means, with respect to a Participant, the Participant’s becoming eligible for
permanent and total disability benefits under the Company’s or a Designated Subsidiary’s long-term disability plan. 

(l) “Effective Date” means June 1, 2012. 

(m) “Employee” means any person who is an employee of the Company or a Designated Subsidiary under
Code§3401(c) and the regulations thereunder. 
 (n) “ESPP Broker Account” means a brokerage account
established by the Company for the Participant at a Company-designated brokerage firm. 
 (o) “Fair Market
Value” means, with respect to any date, the closing price on that date of the Common Stock on the Nasdaq Global Market or other national securities exchange on which the Common Stock is listed or, in the event that the Common Stock is not
traded on that date, the closing price on the immediately preceding trading date. If the Common Stock is no longer traded on the Nasdaq Global Market or any other national securities exchange, then “Fair Market Value” means, with respect
to any date, the fair market value of the Common Stock as determined by the Committee in good faith. 

(p) “Offering Date” means the first Business Day of each Purchase Period. 

(q) “Participant” means a participant in the Plan as described in Section 4. 

(r) “Payroll Deduction Account” means the bookkeeping account established for a Participant in accordance with
Section 5. 

 (s) “Plan” means the SciQuest, Inc. Employee Stock Purchase Plan, as
set forth herein, and as amended from time to time. 
 (t) “Purchase Date” means the last Business Day of
each Purchase Period. 
 (u) “Purchase Period” means a period of six months commencing on June 1 and
December 1 of each year, or such other periods as may determined by the Committee; provided, however, that (i) the Purchase Period that commences on June 1, 2012 shall be a period of 12 months and (ii) in no event will any
Purchase Period be longer than 27 months. The foregoing notwithstanding, the Committee may, in its sole and absolute discretion, create special purchase periods for individuals who become Employees solely in connection with the acquisition of
another company or business by merger, reorganization or purchase of assets, which purchase periods and purchase rights granted pursuant thereto shall be subject to such terms and conditions as the Committee determines appropriate under the
circumstances. 
 (v) “Purchase Price” means an amount equal to the lesser of (i) 85% of the Fair
Market Value of a Share on the Offering Date and (ii) 85% of the Fair Market Value of a Share on the Purchase Date. 

(w) “Share” means a share of Common Stock, as adjusted in accordance with Section 13. 

(x) “Subsidiary” means a domestic or foreign corporation of which not less than 50% of the voting shares are held
by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. The definition of Subsidiary shall be interpreted so as to include any entity that would be treated as a
“subsidiary corporation” under Code Section 424(f). 
 Section 3 

Eligibility 
 (a) Eligible Employees. Any person who is has been Employee as of, and who has been an Employee for the thirty (30) day period immediately preceding, the Offering Date in a given Purchase
Period will be eligible to participate in the Plan for that Purchase Period, subject to the requirements of Section 4 and the limitations imposed by Code Section 423(b). Notwithstanding the foregoing, the Committee may, in its sole and
absolute discretion, exclude from participation in the Plan in a given Purchase Period any or all Employees whose customary employment is for not more than 20 hours per week or five months per year. The Committee may also determine that all
Employees who are highly compensated employees (within the meaning of Code Section 414(q) (or those with compensation above a certain level and/or who are officers or subject to the disclosure requirements of Section 16(a) of the
Securities Exchange Act of 1934, as amended from time to time) as of the Offering Date in a given Purchase Period are ineligible to participate in the Plan for that Purchase Period. 

 (b) Five Percent Shareholders. Notwithstanding any other provision of the Plan,
no Employee will be eligible to participate in the Plan for a given Purchase Period if the Employee (or any other person whose stock would be attributed to the Employee pursuant to Code Section 424(d)), immediately after the Offering Date, owns
stock of the Company equal to five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Subsidiary. In determining whether the stock ownership of an Employee equals or exceeds this 5%
limit, the rules of Code Section 424(d) (relating to attribution of stock ownership) shall apply, and stock which the Employee may purchase under outstanding options shall be treated as stock owned by the Employee. This Section 3(b) shall
be interpreted consistent with Code Section 423(b)(3) and regulations issued thereunder. 
 Section 4

 Participation 
 An Employee may become a Participant in the Plan by completing a payroll deduction authorization form and any other required enrollment documents provided by the Committee or its designee and submitting
them to the Committee or its designee in accordance with the rules established by the Committee. The payroll deduction authorized by a Participant for purposes of acquiring Shares under the Plan may be any multiple of 1% of the Compensation of the
Participant during the period the purchase right remains outstanding, up to a maximum equal to the lesser of (i) 10% of the Participant’s Compensation per Purchase Period and (ii) 100% of the Participant’s Compensation that
remain after subtracting all other amounts that are to be deducted or withheld from such Compensation per Purchase Period. The deduction rate so authorized shall continue in effect for the entire Purchase Period, unless the Participant shall, prior
to the end of the applicable Purchase Period, reduce such rate by filing the appropriate form with the Committee or its designee in accordance with Section 5(c). The new rate shall become effective as soon as practicable following the filing of
such form. Payroll deductions, however, will automatically cease upon the termination of the Participant’s purchase right in accordance with Sections 8 or 9 below. If there are Employees in countries where payroll deductions are not
feasible, the Committee shall permit all Employees to participate in the Plan by an alternative means, such as by check. Without limiting the generality of the foregoing, the participation by an Employee in the Plan is voluntary. 

Section 5 
 Contributions 
 (a) Payroll Deductions. A Participant’s
payroll deductions will begin on the first payroll paid following the Offering Date and will end on the last payroll paid on or before the Purchase Date of the Purchase Period, unless the Participant elects to withdraw from the Plan as provided in
Section 8 or ceases Contributions pursuant to Section 5(c). A Participant’s enrollment documents will remain in effect for successive Purchase Periods unless the Participant elects to withdraw from the Plan as provided in
Section 8, ceases Contributions pursuant to Section 5(c), or timely submits new enrollment documents to change the rate of payroll deductions for a subsequent Purchase Period in accordance with rules established by the Committee.

 (b) Payroll Deduction Account. The Committee will credit the amount of each Participant’s Contributions to
the Participant’s Payroll Deduction Account. A Participant may not make any additional payments to the Participant’s Payroll Deduction Account, except as expressly provided in the Plan or as authorized by the Committee with respect to a
given Purchase Period for all Participants. 

 (c) Changes to Payroll Deductions. A Participant may reduce the percentage of
authorized payroll deductions once each Purchase Period by delivery of a new payroll deduction authorization form to the Committee or its designee. A Participant may cease Contributions to the Plan at any time. Any reduction or cessation of
Contributions to the Plan will become effective as soon as administratively practicable after receipt. Unless the Participant elects to withdraw from the Plan as provided in Section 8, the funds in the Participant’s Payroll Deduction
Account will not be refunded to the Participant but instead will be used to purchase Shares for the Participant on the Purchase Date. 
 (d) No Interest. No interest or other earnings will accrue on a Participant’s Contributions to the Plan. 
 (e) Foreign Currency. Except as otherwise specified by the Committee, payroll deductions made with respect to Employees paid in currencies other than U.S. dollars will be accumulated in local
currency and converted to U.S. dollars as of the Purchase Date. 
 Section 6 

Stock Purchases 
 (a) Automatic Purchase. On each Purchase Date, each Participant will be deemed, without further action, to have elected to purchase the number of whole Shares that the Participant’s
Payroll Deduction Account balance can purchase at the Purchase Price on that Purchase Date. Except as otherwise specified by the Committee, any amounts that are not sufficient to purchase a whole Share will be retained in the Participant’s
Payroll Deduction Account for the subsequent Purchase Period. Any other amounts remaining in the Participant’s Payroll Deduction Account after the Purchase Date will be returned to the Participant. 

(b) Delivery of Shares. As soon as practicable after each Purchase Date, the Committee will arrange for the delivery of the
Shares purchased by Participants on the Purchase Date. The Committee may permit or require that Shares purchased under the Plan be deposited directly into an ESPP Broker Account. The Committee may require that Shares be retained in the ESPP Broker
Account for a specified period of time and may restrict dispositions during that period, and the Committee may establish other procedures to permit tracking of disqualifying dispositions of the Shares or to restrict transfer of the Shares.

 (c) Notice Restrictions. The Committee may require, as a condition of participation in the Plan, that each
Participant agree to notify the Company if the Participant sells or otherwise disposes of any Shares within two years of the Offering Date or one year of the Purchase Date for the Purchase Period in which the Shares were purchased. 

(d) Shareholder Rights. A Participant will have no interest or voting right in a Share until a Share has been purchased on
the Participant’s behalf under the Plan. 
 Section 7 

Limitation on Purchases 

Participant purchases are subject to the following limitations: 
 (a) Purchase Period Limitation. Subject to the calendar year limits provided by Section 8(b), the maximum number of Shares that a Participant will have the right to purchase in any
Purchase Period will be determined by dividing (i) $25,000 by (ii) the Fair Market Value of one Share on the Offering Date for such Purchase Period (disregarding any fraction resulting therefrom). 

 (b) Calendar Year Limitation. No right to purchase Shares under this Plan will
be granted to an Employee to the extent that such right, when combined with all other rights and options granted under all of the Code Section 423 employee stock purchase plans of the Company, its Subsidiaries or any parent corporation (within
the meaning of Code Section 424(e)), would permit the Employee to purchase Shares at a rate that exceeds $25,000 in Fair Market Value of the Shares (determined at the time the right or option is granted) for each calendar year in which any
option or right granted to the Employee is outstanding at any time, determined in accordance with Code Section 423(b)(8) and the regulations thereunder. 
 (c) Refunds. As of the first Purchase Date on which this Section limits a Participant’s ability to purchase Shares, the Participant’s payroll deductions will terminate, and the
Participant will receive a refund of the balance in the Participant’s Payroll Deduction Account as soon as practicable after the Purchase Date. 
 (d) Approvals. Under no circumstances shall any purchase rights granted under the Plan be exercised, nor shall any Shares be issued hereunder, until such time as (i) the Plan shall have been
approved by the Company’s stockholders and (ii) the Company shall have complied with all applicable requirements of the Securities Act of 1933, as amended, all applicable listing requirements of any securities exchange on which the Shares
are listed and all other applicable requirements established by law or regulation. 
 Section 8 

Withdrawals 
 A
Participant may withdraw all, but not less than all, of the Contributions credited to the Participant’s Payroll Deduction Account at any time before a Purchase Date by notifying the Committee or its designee of the Participant’s election
to withdraw, pursuant to rules prescribed by the Committee. If a Participant elects to withdraw, all of the Participant’s Contributions credited to the Participant’s Payroll Deduction Account will be returned to the Participant and the
Participant may not make any further Contributions to the Plan for the purchase of Shares during that Purchase Period. A Participant’s voluntary withdrawal during a Purchase Period will not have any effect upon the Participant’s
eligibility to participate in the Plan during a subsequent Purchase Period. 
 Section 9 

Employment Termination 
 (a) Termination Other Than Death or Disability. If a Participant’s employment with the Company or a Designated Subsidiary terminates for any reason other than death or Disability, the
Participant will cease to participate in the Plan and the Company or its designee will refund the balance in the Participant’s Payroll Deduction Account. 
 (b) Termination for Death or Disability. In the event of a Participant’s death, or the Participant ceases to be an eligible Employee by reason of a Disability, at the election of the
Participant, or the Participant’s legal representative in the event of the Participant’s death, the Participant’s Payroll Deduction Account balance will be (i) distributed to the Participant, or to the Participant’s estate
in the event of the Participant’s death, or (ii) held until the end of the Purchase Period and applied to purchase Shares in accordance with Section 7. 

 (c) Leaves of Absence. The Committee may establish rules
regarding when leaves of absence will be considered a termination of employment. Notwithstanding the foregoing, where a period of leave exceeds ninety (90) days, a Participant’s employment relationship with the Company or a Designated
Subsidiary will be deemed to have terminated for purposes of the Plan on the 91st day of such leave unless the Participant’s right to reemployment is guaranteed either by statute or contract. 
 Section 10 
 Plan Administration 

The Plan shall be administered by the Committee, which will be appointed by the Board. The Committee shall be the Compensation Committee of the Board
unless the Board appoints another committee to administer the Plan. The Board from time to time may fill vacancies on the Committee. Subject to the express provisions of the Plan, the Committee will have the discretionary authority to interpret the
Plan; to take any actions necessary to implement the Plan, including delegation of responsibilities for Plan operations; to prescribe, amend, and rescind rules and regulations relating to the Plan; and to make all other determinations necessary or
advisable in administering the Plan. All such determinations will be final and binding upon all persons. The Committee may request advice or assistance or employ or designate such other persons as are necessary for proper administration of the Plan.

 Section 11 
 Assignability and Transferable 
 No purchase rights granted under the Plan shall be
assignable or transferable by a Participant other than by will or by the laws of descent and distribution, and during the Participant’s lifetime the purchase rights shall be exercisable only by the Participant. 

Section 12 
 Reserved Shares 
 Subject to adjustments as provided in Section 13, the maximum number
of Shares available for purchase on or after the Effective Date is 1,000,000 Shares. Shares issued under the Plan may be authorized but unissued Shares, Shares held in treasury or Shares that have been reacquired by the Company. 

Section 13 
 Capital Changes 
 (a) Adjustments. Other than in connection
with a Change of Control, in the event of any merger, consolidation, reorganization, stock dividend, stock split, recapitalization, combination of shares or other change affecting the Common Stock as a class, then the number and class of Shares that
may be purchased under the Plan, the purchase price per share and the number of Shares covered by each purchase right under the Plan and the numerical limits contained in Sections 7(a) and 12 of the Plan shall be appropriately adjusted in order to
prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

 (b) Change of Control. In the event that a Change of Control occurs, or the Company
enters into an agreement to effect a Change of Control, then all outstanding purchase rights under the Plan shall be exercised automatically immediately prior to the consummation of such Change of Control by applying all sums previously collected
from Participants during the purchase period of such transaction to the purchase of whole Shares, subject to all applicable limitations contained in this Plan. 
 Section 14 
 Amendment 

The Board or the Committee may from time to time alter, amend, suspend or discontinue the Plan; provided, however, that no such action shall
adversely affect purchase rights at the time outstanding under the Plan unless necessary or desirable to comply with any applicable law, regulation or rule. The foregoing notwithstanding, stockholder approval shall be required for any amendment to
the extent that stockholder approval would be required in order for the Plan to satisfy the requirements of Code Section 423 or other applicable laws or regulations. Without stockholder approval and without regard to whether any Participant
rights may be considered to have been “adversely affected,” the Committee shall be entitled to, in addition to, and without limitation with respect to, what is permitted pursuant to Section 14(a), cancel or change the purchase
periods, limit the frequency and/or number of changes in the amount withheld during a purchase period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the
amount designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of properly completed enrollment forms, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to
ensure that amounts applied toward the purchase of Shares for each Participant properly correspond with amounts withheld from the Participant’s Compensation, and establish such other limitations or procedures that are consistent with the Plan
as the Committee determines in its sole and absolute discretion advisable. Any such limitations or procedures shall be applied uniformly with respect to all Participants. 
 Section 15 
 Plan Termination 

The Plan and all rights of Employees under the Plan will terminate upon the earlier of (i) June 1, 2022, (ii) the date on which all shares
available for issuance under the Plan shall have been sold pursuant to purchase rights exercised under the Plan, and (iii) any date determined in the sole and absolute discretion of the Board. In the event that the Plan terminates under
circumstances described in (ii) above, reserved Shares remaining as of the termination date will be made available for purchase by Participants on the Purchase Date on a pro rata basis based on the amount credited to each Participant’s
Payroll Deduction Account. Upon termination of the Plan, each Participant will receive the balance in the Participant’s Payroll Deduction Account. 

 Section 16 

Government Regulations 

The Plan, the grant and exercise of the rights to purchase Shares under the Plan, and the Company’s obligation to sell and deliver Shares upon the
exercise of rights to purchase Shares, shall be subject to all applicable federal, state and foreign laws, rules and regulations, and to such approvals by any regulatory or government agency as may, in the opinion of counsel for the Company, be
required or desirable. The Committee may withhold from any payment due under the Plan or take any other action it deems appropriate to satisfy any federal, state or local tax withholding requirements. 

Section 17 
 General 
 (a) Foreign Jurisdictions. The Committee may adopt rules
or procedures to accommodate the requirements of local laws of foreign jurisdictions, including rules or procedures relating to the handling of payroll deductions, conversion of local currency, payroll taxes and withholding procedures. 

(b) Governing Law. The Plan will be governed by the laws of Delaware, without regard to that State’s choice of law rules.

 (c) Expenses. All costs and expenses incurred in the administration of the Plan shall be paid by the Company.

 (d) No Right to Employment. Neither the establishment of the Plan, any provision of the Plan nor any action taken with
respect to the Plan shall be construed so as to grant any Participant or any other person the right to remain in the employ of the Company for any period of specific duration, and such person’s employment may be terminated at any time, with or
without cause.

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