Document:

Commercial Lease dated January 7, 2010

 Exhibit 10.56 
 CONTRACT OF LEASE 
 KNOW ALL MEN BY THESE PRESENTS: 
 This CONTRACT OF LEASE (the “Contract”), made and entered into on January 7, 2010 at Manila, Philippines, by and
between: 
 ROBINSONS LAND CORPORATION, a corporation duly organized and existing under and by
virtue of the laws of the Republic of the Philippines, with office address at the 25th Floor, Robinsons-Equitable Tower, ADB Avenue corner Poveda Street, Ortigas Center, Pasig City, represented herein by its Vice President and Treasurer, TERESITA H. VASAY and its General Manager for
Office Buildings Division, HENRY L. YAP, duly authorized for the purpose and hereinafter referred to as the ‘LESSOR’ 
 -and- 
 US AUTOPARTS NETWORK (PHILIPPINES) CORPORATION,
a domestic corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines, with office address at the 5th floor, JAKA Building, 6780 Ayala Avenue, Makati City represented herein by its Director, SHANE EVANGELIST, duly
authorized for the purpose and hereinafter referred to as the “LESSEE”. 
 WITNESSETH – THAT:

 WHEREAS, the LESSOR is the owner of office units at the Robinsons Cybergate Plaza (the “Project”),
described in Section I of this Contract (the “Leased Premises”); 
 WHEREAS, the LESSEE has offered to lease the
Leased Premises inclusive of any and all appurtenant interests thereto; 
 NOW, THEREFORE, for and in consideration of the
foregoing premises and the terms and conditions herein stipulated and restrictions hereinafter contained and set forth in the General Terms and Conditions attached as Annex “A” and the Amendments to the General Terms and Conditions
attached herein as Annex “B”, and such other agreement as may be necessary, all of which are made as integral parts hereof, the LESSOR hereby leases and delivers unto the LESSEE in good and tenantable condition the premises described
hereunder, under the following terms and conditions: 
 BASIC LEASE PROVISIONS 
 The Basic Provisions of this lease are as follows: 
  

					
	 I.         DESCRIPTION OF PROPERTY

			
	 Project
	  	:	    	Robinsons Cybergate Plaza
	 Location
	  	:	    	EDSA, Mandaluyong City
	 Floor(s)
	  	:	    	9th floor
	 Gross Area
	  	:	    	3,685.29 square meters
	 Hand-over condition
	  	:	    	The LESSOR shall deliver to the LESSEE on the Hand-over Date the Leased Premises with standard lighting fixtures, air-conditioning units and piping, and electrical wiring,
excluding switches. Acoustic

  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

					
		  		    	ceiling boards are included in the deliverables, but LESSEE shall have the option not to have these installed. However, cost of removal of installed ceiling t-runners, if
warranted by the LESSEE, shall be for account of the LESSEE and shall be subject to reinstatement at the end of the lease in accordance to LESSOR’s specifications and conditions. The flooring shall be bare cement finish and without any floor
covering.
			
		  		    	All improvements and partitioning on the leased premises shall be for the account of the LESSEE.
			
		  		    	The LESSEE shall have the right to commence its actual fit-out/construction work in the Leased Premises on the Hand-over Date, provided the plans have already been approved by
the LESSOR and the appropriate agencies and permits instrumentalities. LESSEE shall also have the right to operate its business on the Leased Premises once the fit-out work is completed and the LESSEE has secured the necessary permit for such
operation.
	
	 II.       LEASE TERM

			
	Number of Years	  	 :
	    	 Sixty-three (63) months (inclusive of the fit-out period), renewable for a sixty (60)-month term upon the mutual agreement of both
parties and subject to prior written notice of intent from the LESSEE five (5) months and a signed renewal contract two (2) months before the termination date of the original lease term.
  
 The Lease shall commence only upon LESSEE receiving PEZA approval for its application
for registration or sixty (60) days from LESSEE’s execution of the Lease whichever is earlier.

	Hand-over Date	  	 :
	    	Upon receipt of PEZA approval, or at LESSEE’s election which, in any event, shall not be prior to January 15, 2010 nor later than March 1, 2010.
	Contract Commencement Date	  	 :
	    	The Lease shall commence on the Hand-over Date
	Rental Payment Commencement Date	  	 :
	    	Four (4) months after Hand-over Date
	Termination Date	  	 :
	    	Sixty-three (63) months after Hand-over Date

 It is understood herein that the LESSEE shall be liable for all obligations of a lessee as embodied in this Contract and Annexes “A” and “B” even during the fit-out period. 
 LESSEE shall have the right to terminate the lease at any time after thirty-nine (39) months, upon receipt of ninety
(90) days’ prior written notice. Should LESSEE terminate during months forty (40) through fifty-one (51), LESSEE shall pay a Termination Privilege fee equivalent to four (4) months’ rent. Should LESSEE terminate during
months fifty-two (52) through the end of the Lease, LESSEE shall pay a Termination Privilege fee equivalent to three (3) months’ rent. Should LESSEE terminate the lease prior to or on the thirty-ninth month, LESSEE shall pay all
monthly rent payable through the thirty-ninth month plus a termination privilege fee equivalent to four (4) months’ rent. 
  

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	Escalation Rate	  	:	    	5% per annum, beginning on the third year of the lease term. In case of renewal, this escalation rate shall also apply to the renewal rent, beginning on the third year of the
renewal term.

  

	III.	RENT PER MONTH 

 A rental
rate of (Peso)300.00 per square meter per month based on the gross area shall be paid by the LESSEE for the first two (2) years of the lease. Thereafter, this shall be escalated by 5% annually. 
 The LESSEE shall have three (3) months rent-free fit-out period beginning on the Hand-over Date. After the fit-out period, the LESSEE
shall have one (1) rent-free month each year for the initial five-year lease term, as detailed in the rental schedule below. 
 The following rental schedule shall apply during the initial five-year lease term: 
  

																	
	 Year
	  	 Period
	  	Monthly Rent	  	Esc.
Rate	 
	  	 From
	  	 To
	  	Per sq.m.	  	Discount	 	 	Total	  	 	 
	—	  	Month 1	  	Month 3	  			  	Fit-out period	  	 			  	—  	  
	1	  	Month 4	  	(Peso)	300.00	  	100	% 	 	 	Rent-free	  	—  	  
	1*	  	Month 5	  	Month 7	  	(Peso)	300.00	  	0	% 	 	(Peso)	1,105,587.00	  	—  	  
	1	  	Month 8	  	Month 15	  	(Peso)	300.00	  	0	% 	 	(Peso)	1,105,587.00	  		
	2	  	Month 16	  	(Peso)	300.00	  	100	% 	 	 	Rent-free	  	—  	  
	2	  	Month 17	  	Month 27	  	(Peso)	300.00	  	0	% 	 	(Peso)	1,105,587.00	  		
	3	  	Month 28	  	(Peso)	315.00	  	100	% 	 	 	Rent-free	  	5	% 
	3	  	Month 29	  	Month 39	  	(Peso)	315.00	  	0	% 	 	(Peso)	1,160,866.35	  
	4	  	Month 40	  	(Peso)	330.75	  	100	% 	 	 	Rent-free	  	5	% 
	4	  	Month 41	  	Month 51	  	(Peso)	330.75	  	0	% 	 	(Peso)	1,218,909.67	  
	5	  	Month 52	  	(Peso)	347.29	  	100	% 	 	 	Rent-free	  	5	% 
	5	  	Month 53	  	Month 63	  	(Peso)	347.29	  	0	% 	 	(Peso)	1,279,864.36	  

  

	*	Application of Advance Rent 

 The rent above-stated is subject to the appropriate withholding taxes as required by the relevant laws and regulations. However, the rent does not include any and all taxes which are being assessed, levied or may be imposed by the
government, such as but not limited to Value-Added Tax (VAT) and Documentary Stamp Tax (DST), which shall be for the account of the LESSEE, if applicable. 
 Rent shall be payable monthly in advance no later than the first five (5) days of each calendar month without the need for express demand but upon receipt of written invoice from the LESSOR to the
LESSEE fifteen (15) days prior to the due date. 
  

	IV.	SECURITY DEPOSIT 

 The
LESSEE shall pay the amount of PESOS: THREE MILLION FIVE HUNDRED TWENTY-TWO THOUSAND FOUR HUNDRED EIGHTY-THREE AND 10/100 ((Peso)3,522,483.10), equivalent to three (3) months’ rental based on the average rental rate
for five (5) years, as Security Deposit on or before January 15, 2010. 
 In case of renewal after the initial
five-year lease term, this Security Deposit shall be subject to adjustment based on the average rental rate for the five-year renewal term. Such adjustment in the Security Deposit shall be payable by the LESSEE to the LESSOR within the first five
(5) days of the initial year of the renewal term. 
  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

 The Security Deposit shall be refundable on or before sixty (60) days after the LESSEE
has vacated the Leased Premises at the termination of the lease, and upon turn-over to and acceptance by the LESSOR of the said Leased Premises, provided all obligations incurred directly by LESSEE and any unpaid charges incurred directly by LESSEE
and due on the Leased Premises have been fully settled by the LESSEE and such proof of payments have been satisfactorily presented to the LESSOR as required. Prior to utilizing the Security Deposit as payment for unpaid and undisputed rent or
utilities, LESSOR shall present LESSEE with a written demand for payment and allow LESSEE fifteen (15) days to pay all undisputed amounts due. Should LESSOR wish to refund less than the total amount of the Security Deposit, it shall present a
detailed list with photographs to support any monies proposed to be withheld. 
  

	V.	ADVANCE RENT 

 The
LESSEE shall pay the amount of PESOS: THREE MILLION THREE HUNDRED SIXTEEN THOUSAND SEVEN HUNDRED SIXTY-ONE ((Peso)3,316,761.00) equivalent to three (3) months’ rental on the entire Leased Premises PLUS ANY APPLICABLE
VAT, payable on or before January 15, 2010. Application shall be as per the schedule in Article III herein. 
  

	VI.	REIMBURSABLE EXPENSES 

 The following shall be for the LESSEE’s account: 
  

	•	 	 Management Dues of PESOS: EIGHTY-FIVE ((Peso)85.00) per square meter per month based on the gross area. 

 Management Dues are subject to periodic adjustment. 
 Management Dues shall cover services as provided on Exhibit A. 
 The LESSEE shall
be charged Management Dues beginning on the Hand-over Date. 
 Management Dues shall be paid monthly in advance no later than the
first five (5) days of each applicable month without the need for express demand from the LESSOR to the LESSEE. 
  

	•	 	 Water and power consumption shall be charged based on meter reading with a two percent (2%) surcharge over the rates charged by the utility
companies. In the absence of a meter, a flat rate shall apply as determined by the LESSOR. In the event of a meter defect, the LESSEE shall be liable for any adjustment arising therefrom. 

 The above-stated amounts shall not include any and all taxes, which are being assessed, levied, or may be imposed by the government, such as
but not limited to Value-Added Tax (VAT), which shall be for the account of the LESSEE, if applicable. 
  

	VII.	RENEWAL RENT 

 The rental
rate for the renewal term shall be the “fair market rent” at the time of renewal, but in no circumstance shall the rent for the renewal term be increased or decreased by more than 10% of the rental rate of the last year of the initial
lease term. 
  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

 The term “fair market rent” shall be defined to mean the market rental rate for
buildings of comparable size, location, age and quality, and should include consideration of the space efficiency ratio, the total amount of space being leased by the LESSEE at the time of renewal, and any leasing concessions which are granted at
such comparable buildings to lessees which are similar in size and credit to the LESSEE, so long as the comparable buildings are located in the same business district as the leased premises. 
 Should the LESSEE and the LESSOR fail to reach an agreement on the “fair market rent” within a specified period, the parties agree
to submit the matter exclusively to an arbitrator to be nominated jointly by both parties, and whose fee shall be equally shared by the same. Both parties covenant to submit to the final decision of the said arbitrator, who shall be selected from
among reputable real estate agencies that have done commercial/office leasing transactions for multinational companies for at least five years prior at the time of renewal. 
  

	VIII.	LESSEE’S PURCHASE OF A/C EQUIPMENT 

 Subject to a separate Deed of Sale, on the Hand-over Date, the LESSEE shall purchase from the LESSOR the air-conditioning equipment installed in the Leased Premises PESOS: FOURTEEN MILLION
(Php14,000,000.00) and agrees to sell back the said equipment at the end of the lease (original or extended, as applicable) to the LESSOR for a token price of PESOS: FIFTY ONLY (Php 50.00). 
 Payment for the purchase of the air-conditioning equipment shall be due on or before the Rental Payment Commencement Date. 
 Maintenance and repair of said a/c equipment shall be for the account of the a/c equipment owner. The cost of quarterly cleaning, however,
is included in the Management Dues being paid by the LESSEE. 
  

	IX.	CONSTRUCTION DEPOSIT 

 The
LESSEE shall be required to give a Construction Deposit in an amount equivalent to PESOS: TWO HUNDRED per square meter based on gross area, payable on or before January 15, 2010. This deposit shall be refundable after the fit-out period,
subject to the LESSEE’s compliance to all items given in the LESSOR’s pre-operation checklist. 
 The LESSOR shall
provide the LESSEE a Statement of Construction Deposit, detailing all amounts deductible from the said deposit, if any. The following are costs to be deducted from the Construction Deposit: 
  

	 	a)	Power/water consumption charges during fit-out/construction*; 

  

	 	b)	Housekeeping services/cleaning of common areas affected by fit-out/construction; 

  

	 	c)	Power and water meter deposits; 

  

	 	d)	Performance cash bond (refundable upon the faithful compliance to all pre-operation requirements) 

  

	 	e)	Unrectified construction violation penalty; 

  

	 	f)	Construction damages that may occur. 

  

	*	Such power and water charges during fit-out shall also be subject to the utility surcharge of 2%, as per Article VI herein. 

 Except with regard to power and water consumption and deposit charges, amounts shall be deducted from the Construction Deposit only after
the LESSOR has provided the LESSEE with notice and an opportunity for LESSEE to verify all charges and deductions. 
  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

	X.	REINSTATEMENT 

 Not later
than thirty (30) days after approval of the LESSEE’s fit-out plans, both parties shall agree in writing as to the improvements/installations which shall be retained, and which shall be removed or restored/reinstated at the LESSEE’s
cost upon termination of the lease. This list shall be annexed to this Contract subsequently. 
  

	XI.	DENSITY REQUIREMENTS 

 The
LESSOR undertakes to construct additional fire stairwell(s) to meet a minimum density ratio of six (6) square meters per person. However, it shall be the LESSEE’s responsibility to ensure that at any given time, occupants of the leased
premises shall not exceed such density ratio. 
 In case of conflict between the provisions of this Contract of Lease and the
General Terms and Conditions attached herein, the provisions of this Contract of Lease shall prevail. 
 IN WITNESS WHEREOF, the
parties have caused this instrument to be executed on the date and in the place first above-written. 
  

							
	ROBINSONS LAND CORPORATION	    	US AUTO PARTS NETWORK (PHILIPPINES) CORPORATION
		
	Lessor	    	Lessee
	By:	 	  
	    	By:	 	  

		
	TERESITA H. VASAY	    	SHANE EVANGELIST
	Vice President & Treasurer	    	Director
		
	 /s/ Henry L. Yap
	    	 /s/ Shane Evangelist

			
	HENRY L. YAP	    		 	
	General Manager, Office Buildings Division	    		 	

 SIGNED IN THE PRESENCE OF: 
  

					
	 /s/ Maricel N. Cadiz
	    		 	 /s/ Shannon L. Roark

  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

 ACKNOWLEDGEMENT 
 (For Lessor) 
  

	
	REPUBLIC OF THE PHILIPPINES)
	                         , METRO MANILA) S. S.

 I certify that on this date, before me, a notary public duly authorized in the city named above to take acknowledgments,
personally appeared: 
  

					
	 Name
	  	 Competent
 Evidence of Identity
	  	 Date & Place Issued

	ROBINSONS LAND CORP.	  	CTC#00001817	  	Jan. 9, 2009, Quezon City
	TERESITA H. VASAY	  	CTC#25607471	  	Jan. 31, 2009, Muntinlupa City
	HENRY L. YAP	  	CTC#26806430	  	Jan. 29, 2009, Pasig City

 who were identified by me through
competent evidence of identity to be the same persons described in the foregoing instrument, who acknowledged before me that their respective signatures on the instrument were voluntarily affixed by them for the purposes stated therein, and who
declared to me that they have executed the instrument as their free and voluntary act and deed and that they have the authority to sign on behalf of their respective principals. 
 This document refers to a Contract of Lease with Annexes “A” (General Terms and Conditions) and “B” (Amendments to the
General Terms and Conditions) which are made integral parts thereof, signed by the parties and their instrumental witnesses on each and every page thereof and is sealed with my notarial seal. 
 WITNESS MY HAND AND SEAL on the date and at the place first above-written. 
  

							
		 		  		  	NOTARY PUBLIC
				
	Doc. No.	 	                ;	  		  	
 

	Page No.	 	                ;	  		  
	Book No.	 	                ;	  		  
	Series of	 	                .	  		  	 /s/ Robert Salcido

  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

 ACKNOWLEDGEMENT 
 (For Lessee) 
 I certify that on this date, before me, a notary public duly authorized in the city
named above to take acknowledgments, personally appeared: 
  

					
	 Name
	  	 Competent
 Evidence of Identity
	  	 Date & Place Issued

	US AUTOPARTS	  		  	
	SHANE EVANGELIST	  		  	

 who were identified by me through competent evidence of identity to be the same persons described in the foregoing
instrument, who acknowledged before me that their respective signatures on the instrument were voluntarily affixed by them for the purposes stated therein, and who declared to me that they have executed the instrument as their free and voluntary act
and deed and that they have the authority to sign on behalf of their respective principals. 
 This document refers to a
Contract of Lease with Annexes “A” (General Terms and Conditions) and “B” (Amendments to the General Terms and Conditions) which are made integral parts thereof, signed by the parties and their instrumental witnesses on each and
every page thereof and is sealed with my notarial seal. 
 WITNESS MY HAND AND SEAL on the date and at the place first
above-written. 
  

							
		 		  		  	NOTARY PUBLIC
				
	Doc. No.	 	                ;	  		  	
 

	Page No.	 	                ;	  		  
	Book No.	 	                ;	  		  
	Series of	 	                .	  		  	 /s/ Robert Salcido

  

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 Contract of Lease – Robinsons Land Corporation and US Auto Parts Network (Philippines) Corporation 

 STANDARD GTC – CYBERGATE (OFFICE) 
 ANNEX “A” 
 GENERAL TERMS AND CONDITIONS 
 In consideration of the foregoing premises, the payment of rentals and other charges therein stipulated and in compliance with the
covenants, conditions and restrictions herein imposed as to the use and occupancy of the property, on the part of the LESSEE to be paid, observed and performed, the LESSOR hereby LEASES and DELIVERS unto the LESSEE
in good and tenantable condition the aforesaid premises subject to the following stipulations: 
 1. TERM - The term
of the lease shall be for a period as set forth in the Basic Lease Provisions. The Contract may be renewed by the mutual agreement of both parties six (6) months prior to its expiration. 
 If, upon the expiration of the term of this lease, or after the termination or cancellation of this Contract for any cause or reason
whatsoever, and the LESSOR shall allow the LESSEE to be in possession of the premises, the term of the lease will be monthly and shall be subject to the same conditions, covenants, stipulations, and restrictions specified in this
Contract. 
 In the event the LESSEE holds over and remains in possession of the premises after the expiration or
termination of the term or its renewal or extension without the LESSOR’s consent, such holdover or continuous possession shall not be deemed or considered as a renewal or extension of this lease, and the LESSEE shall be obliged to
pay a monthly rent equivalent to one hundred fifty percent (150%) of the highest rent and other charges paid during the term of this lease without prejudice to the right of the LESSOR to file an ejectment suit to compel recovery of the
premises and recover whatever damages it may suffer because of the unlawful detainer. 
 Should the LESSEE pre-terminate
this lease Contract before the lease expires, LESSEE shall be liable to pay to the LESSOR the rental fees and other charges for the unexpired portion of the lease term, in addition to the forfeiture of the Security Deposit and any
unused Advance Rent as provided in Section 3 hereof. 
 The LESSOR has the right to pre-terminate this
Contract if the LESSEE violates any of the conditions of this Contract. 
 2. RENT - The monthly rental
shall be paid at the LESSOR’s office within the first five (5) calendar days of each calendar month to which the rent corresponds, without the need of demand. The LESSEE shall deduct and withhold the withholding tax due on the
monthly rental and remit the same to the Bureau of Internal Revenue (BIR) in accordance with BIR regulations. The LESSEE shall submit to the LESSOR a copy of the Certificate of Remittance of the withholding tax within five
(5) days from the time of payment of the tax to the BIR. Without prejudice, however, to all other remedies of the LESSOR under the Contract, all unpaid rentals and other charges which are overdue and unpaid, shall be subject to interest
charges at the rate of three percent (3%) per month, or the maximum prevailing interest rate by law or commercial practice, whichever is higher, as may be determined by the LESSOR from the date of delinquency until full payment thereof.
In addition, the LESSOR, at its option, may impose penalty of five percent (5%) per month, on all unpaid charges including interests for accounts over sixty (60) days past due until full payment date. 
 The interest charges shall also apply to any and all arrearages of the LESSEE including, but not limited to, unpaid rentals,
air-conditioning charges, common usage charges, reimbursement for development costs and such other costs as may be determined by LESSOR. 
 3. SECURITY DEPOSIT AND ADVANCE RENT - Upon execution of this Contract, the LESSEE shall pay the LESSOR a Security Deposit, the amount of which is stated in Section IV
of the Basic Lease Provisions, to serve as security for the full and faithful compliance of each and every term, provision, covenant, and condition of this lease. The LESSOR shall not be required to keep the Security Deposit from its
general funds and the LESSEE shall not be entitled to interest on such deposit. The Security Deposit shall remain intact during the entire term of this lease and the LESSEE cannot demand that it be applied as payment for any of its
monetary obligations under this Contract. In the event the LESSEE satisfies the LESSOR of its full and faithful performance and compliance with every provision of this lease, the Security Deposit shall be refunded to the LESSEE
not later than sixty (60) days after the expiration of the lease term. The LESSEE shall likewise satisfy any and all monetary obligations to the LESSOR, and shall completely and satisfactorily vacate, deliver, and
surrender the leased premises in as good condition as it was prior to the lease except for depreciation due to ordinary wear and tear, to the LESSOR. 
 Subject to the provisions of this Contract, in the event the LESSEE terminates this Contract before the expiry date for whatever reason, the Security Deposit, shall be automatically forfeited in
favor of the LESSOR, to cover expenses incurred by the LESSOR arising from this lease arrangement, such as commissions paid to brokers, documentation expenses, etc., except when such termination is by reason of any civil or political
disturbances and/or uprising, act of war, state of national emergency declared by

 STANDARD GTC – CYBERGATE (OFFICE) 
  

 
the proper government body, or any other circumstances beyond the control of the LESSEE and/or its assignee. In which case, the Security Deposit or the unused Advanced Rent shall be
returned by the LESSOR to the LESSEE not later than sixty (60) days from the termination of this Contract. The LESSEE’s liability for any breach of this Contract or for any obligation for the leased premises shall not
be limited to the amount of the said Security Deposit. 
 In addition, the LESSEE shall pay the LESSOR an Advance
Rent, the amount of which is stated in Section V of the Basic Lease Provisions. The said amount shall be applied to the rent for the last number of months to which it corresponds or is equivalent. In the event of pre-termination of this Contract
before the lease term expires, any unused Advance Rent shall likewise be forfeited in favor of the LESSOR. 
 4. REIMBURSABLE EXPENSES - Monthly rent does not include reimbursable expenses such as, but not limited to, the following charges which are for the account of the LESSEE: 
 a) Management Dues - Payment of the Management Dues, upon advice of the LESSOR, shall be made to the LESSOR
based on the statement of account of the LESSOR. The Management Dues are intended to cover the LESSEE’s share of the maintenance and operating costs of the common areas of the Project, the common facilities, utilities
and services as the LESSOR may solely and reasonably determine. These shall include, but shall not be limited to, administrative and overhead expenses, decorating expenses, insurance, janitorial, sanitation, garbage fees, security services,
cost repair and maintenance of equipment and facilities, light of common areas, costs of air-conditioning, water, power, labor as well as such other related expenses as the LESSOR may deem necessary. The Management Dues shall be subject to
review to reflect actual expenses and which charges in no case shall be paid later than seven (7) days after the end of each calendar month to which the charges correspond. 
 Any temporary interruption in the facilities or services mentioned shall not be deemed as an eviction of the LESSEE, nor shall it
relieve the LESSEE of any obligation under this Contract including the payment of rental nor the abatement thereof nor subject the LESSOR to any liability arising therefrom. 
 b) Individual Services/ Utilities - Upon the advice of the LESSOR, the LESSEE shall pay the LESSOR or the
utility companies, prior to delinquency, all necessary and applicable charges for water, electricity, air-conditioning or other services or utilities, used, rendered or supplied in connection with the LESSEE’s possession of the premises,
together with any assessment or surcharges in respect thereto and, except when the same is furnished by the LESSOR, shall contract for the same in its own name and shall protect the LESSOR and the premises from any other
charges. The LESSOR, after the LESSEE fails to pay the sum due for the utilities within five (5) days from the time it receives written notice of delinquency, shall have the right to shut off all unpaid utilities to the
premises obtained by or through the LESSOR. All costs of utilities and services provided by or through the LESSOR shall be allocated to the LESSEE as and in the manner provided for the Management Dues. Delinquency
shall be understood to have occurred if in case of sub-metered utilities or utilities charged on a per square meter basis, the LESSEE fails to pay the obligations due before the first seven (7) days of the succeeding month. In case of
charges payable directly to the utility companies, delinquency shall occur upon failure of LESSEE to pay its obligations one (1) month after such obligations become due and payable. 
 Utility meters shall be provided by the LESSOR, but the cost of equipment and related installation expenses shall be for the
account of the LESSEE. In the event of a meter breakdown, the LESSEE undertakes to pay any and all back charges that may result therefrom. 
 In the event air-conditioning for the leased premises is supplied by the LESSOR, the LESSEE shall pay the LESSOR the charges for the use of such, which shall include the costs
of operation, maintenance, overhead expenses, and such other amounts the LESSOR may deem as reasonable under the circumstance. 
 The LESSEE, as well as all other tenants, are prohibited from installing and maintaining separate air-conditioning units or systems, other than those previously agreed upon by the parties, except if in the LESSOR’s
judgment, the premises require an air-conditioning system separate from that provided by LESSOR and written permission to install such separate air-conditioning system is secured from the LESSOR. The LESSEE shall bear
all costs and expenses thereof. 
 The LESSEE shall pay the foregoing expenses not later than seven (7) days after
the end of each calendar month or period to which the charges correspond. 
 Any temporary interruption in the facilities or
services mentioned shall not be deemed as an eviction of the LESSEE nor shall it relieve the LESSEE of any obligation under this Contract including the payment of rental nor the abatement thereof nor subject the LESSOR to any
liability arising therefrom. However, the LESSOR shall endeavor to use every effort and diligence to restore promptly the facilities and services to their proper functions. 
  

 2 

 STANDARD GTC – CYBERGATE (OFFICE) 
  

 5. NATURE AND USE OF THE LEASED PREMISES AND USE OF COMMON AREAS - The leased
premises shall be used exclusively for purposes as agreed upon by the LESSOR and LESSEE, and only under the name and style mentioned in the Contract. The use of the leased premises other than what is previously agreed upon,
whether temporarily or permanently, must be with the prior written consent of the LESSOR, otherwise, the LESSOR may, at its option, consider this Contract of Lease rescinded, without resorting to court action, increase the rent
or compel the LESSEE to stop the new activities. 
 It is understood, however, that the LESSOR reserves the right
to permit other tenants of the Project for the use of other spaces within the Project for the operation and management of such businesses identical or similar to that of the LESSEE. 
 The LESSEE shall warehouse only such goods in the leased premises in line with the approved purpose of business. No auction, fire or
bankruptcy or closing-out sale may be conducted in the leased premises without the written consent of the LESSOR. 
 The
LESSEE shall, prior to or at the commencement of its occupancy of the premises and at anytime thereafter, take preventive measures, as may be deemed necessary, to forestall any damage to the leased premises. The LESSEE undertakes to
continue paying its monthly rent to the LESSOR should any alterations, additions, improvements, installations or repairs within the premises be undertaken unless the repair being undertaken is of such extent that the LESSEE is unable
to use the leased premises for the purpose for which it was leased as determined jointly by the LESSOR. 
 The use
and occupancy by the LESSEE of the leased premises shall include, jointly with other lessees and unit owners, the use of common areas adjacent to the leased premises and portion thereof in connection with others, necessary as entrance to and
exit from the leased premises, public toilet, and other facilities as may be designated from time to time by the LESSOR, subject to reasonable rules and regulations for the use thereof as prescribed from time to time by the LESSOR.
The lease does not extend to the outside portions of the building corresponding to or opposite the leased premises nor to the corridors and hallways within the building and no merchandise or property of the LESSEE shall be placed
therein. Without prejudice to the rights of the LESSOR in this Contract, the LESSOR may remove or cause the removal of any object found outside of the leased premises as described herein with costs chargeable to the
LESSEE. 
 6. SUBMISSION OF PLANS - Within the time provided for by the LESSOR, the
LESSEE shall submit the construction plan for the proposed installations, improvements, lighting fixtures, floor covering, and other installations as may be required by the nature and purpose of its business, and only after receipt of
LESSOR’s prior written approval of the said floor plan, which approval shall not be unreasonably withheld, and submission to the LESSOR by the LESSEE of the necessary construction bond, the amount of which shall be solely
determined by the LESSOR, shall LESSEE install and maintain said installations and improvements at its own expense. Any subsequent additions, alterations or changes to the approved plans shall be made only upon written consent
of the LESSOR. The LESSEE shall also be responsible for securing all the necessary government permits or licenses as well as pay all taxes necessary for its operations. The LESSEE shall furnish the LESSOR copies of
the said permits and licenses or any renewal thereof fifteen (15) days from the start of the LESSEE’s business and every renewal date thereof as required by law. The LESSEE must make a declaration of its maximum electrical
load and enumerate thereat, in the checklist provided by the LESSOR, the electrical fixtures, appliances, equipment, facilities, etc. 
 With the prior written approval of the LESSOR, the LESSEE may install the necessary installations as may be required by its business provided the strength and general structure
of the building or the premises are not thereby altered or otherwise adversely affected and, provided further, that the other conditions of this Contract are not thereby violated. 
 Furthermore, the installation of additional plumbing, electrical appliances/equipment, telephone and teletype in the premises shall be for
the account of and expense of the LESSEE, and only after obtaining the prior written consent and approval of the LESSOR. Such installation(s) should be made in such a way as not to cause damage to the premises. Provided,
however, that in the installation of additional electrical appliances wherein extra electrical outlets will be needed, the LESSEE shall first furnish the LESSOR with plans of such additional outlets for the LESSOR’s prior
written approval. The LESSEE shall, at all times, cooperate with the LESSOR’s agent/representative in the LESSOR’s regular inspection of the LESSEE’s electrical load. For this reason, the LESSEE
shall use only duly licensed electrician(s) who must ensure that the additional load of current shall be within the capacity of the main switch of the panel on the corresponding floor. The LESSEE further binds himself to comply strictly
with the requirements of the Fire Department and/or Government Electrician. Any violation of this provision shall make LESSEE liable for damages which may result directly or indirectly therefrom. 
 The LESSOR reserves the right to refuse any alterations, additions or improvements requested by the LESSEE if, in
LESSOR’s opinion, there is just cause to warrant such refusal. 
  

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 It is further agreed that all such installations and improvements, except the movable
furniture put in at the expense of the LESSEE, shall remain upon, and be surrendered with the premises as part thereof at the termination of the lease without compensation to the LESSEE, and without prejudice to the right of the
LESSOR to require the LESSEE to restore the premises to its original tenantable condition. 
 7. ALTERATIONS,
ADDITIONS, IMPROVEMENTS - The LESSEE shall not make any alterations, additions or improvements without the prior written consent of the LESSOR; Provided however, that all such alterations, additions or improvements made by either
party in or upon the leased premises, except the movable furniture and fixtures put in at the expense of the LESSEE and removable without defacing or impairing the property of the LESSOR, shall remain upon and be surrendered with the
premises as part thereof upon termination of this lease without compensation to the LESSEE. 
 8. PARKING AND OTHER
JOINT-USE AREAS - It is expressly understood that the LESSEE’s privilege to use parking and other areas dedicated to common use is not exclusive. The privilege of such use by the LESSEE, his employees and customers, is not an
integral part of this lease. It may, therefore, be restricted or regulated by the LESSOR. 
 Such use shall be subject to
the following restrictions and regulations and to such other restrictions and regulations as may be promulgated from time to time by the LESSOR. 
 a) The LESSEE can park its vehicle, whenever applicable, only in designated parking areas and not in driveways, walkways, pedestrian lanes and private roads except for such length of time as may be
sufficient to pick up supplies, office furniture and fixtures, goods and merchandise from or to deliver them to the leased premises. 
 b) The LESSOR shall have the sole and exclusive right at any time to relocate driveways, entrances and exits common to the building, change the boundaries or locations of the various automobile parking areas, diminish or rearrange
the parking pattern therein, or designate additional or elevated parking spaces. 
 c) The LESSEE shall not allow parking
and other areas for common use to be obstructed by his operations, except as maybe normally carried or in connection with the needs of the business. 
 d) The LESSOR shall have the sole and exclusive jurisdiction and the right to police, control traffic, regulate and promulgate reasonable rules and regulations governing the use of the parking
areas, private roads, sidewalks, common driveways, entrances, exits and other common use areas not included within the boundaries of the leased premises. 
 e) The LESSOR reserves the right to conduct, perform, do maintenance/repair works such as diggings and excavations on streets, sidewalks and other common areas, and no compensation or claim shall
be allowed against the LESSOR by reason of inconvenience or annoyance to the business as result thereof. 
 9. CARE OF
THE LEASED PREMISES - The LESSEE shall, at his expense, maintain the leased premises in a clean and sanitary condition, free from noxious odors, disturbing noises or other nuisances and, upon the expiration of the lease, shall return the
premises and fixtures in as good condition as that in which they were actually found at the beginning of the lease, ordinary wear and tear excepted. The LESSEE shall not drive nails, screws, hooks or other abutments on or into the walls
frames or other portions of the premises or in any manner deface or damage any part thereof. Any damage caused by the LESSEE may be repaired by the LESSOR for the account of the LESSEE. The LESSOR shall have the right to
require the LESSEE to remove any display or promotional matter, or any displayed merchandise which LESSOR reasonably and in good faith considers to be improper or inappropriate for the general appearance or presentation of the
premises. 
 The LESSOR shall be responsible for major repairs which are limited to those which affect the structure of
the leased premises or the building. The LESSEE shall allow access to the LESSOR on the premises for the purposes of repair or remodeling or such other works as may be necessary for the preservation, conservation, improvement or
decoration of the building or any part thereof. No compensation or claims shall be allowed against the LESSOR by reason of any inconvenience or annoyance to the LESSEE that may arise by reason thereof. 
 The LESSEE shall repair promptly at its expense any damage to the premises or any other improvement within the building caused by the
bringing into the premises of any property for the LESSEE’s use, or by the installations or removal of such property, regardless of who is at fault or who caused such damage, unless such was clearly caused by the LESSOR, or its
agents or employees; and in default of such repairs by the LESSEE, the LESSOR may make the same and the LESSEE agrees to pay in addition to the rent, the cost thereof to the LESSOR promptly upon the LESSOR’s
demand thereof. The LESSEE shall be responsible for the maintenance and repair of the leased premises including plumbing and electrical fixtures within the premises or those serving the same. 
  

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 The LESSEE must notify the LESSOR immediately of any damage to the leased
premises, their appurtenances as well as any occupation, usurpation or untoward act being committed, or threatened to be committed, within the leased premises. 
 No machinery, office furniture, effects or other equipment may be brought into or out of the building without the prior written approval of the LESSOR. 
 The LESSEE shall further maintain the leased premises in a clean condition by utilizing plastic bags for the disposal of both dry and
wet garbage. Unless garbage is contained in plastic bags, it will not be allowed to be deposited in the authorized depository for collections. 
 10. DAMAGE TO OR DESTRUCTION OF PREMISES - Without prejudice to paragraph 9 of this Contract, in case the leased premises/permanent improvements placed on the premises shall be partially damaged or
destroyed, by any cause not covered by insurance, LESSEE shall immediately repair, restore or reconstruct or cause to be repaired, restored or reconstructed said damage or destroyed improvements to the condition thereof immediately prior to
such damage or destruction. The failure of the LESSEE to complete the repair, reconstruction or restoration to its original condition within thirty (30) calendar days from the occurrence of the loss/damage shall be a material breach
which will entitle the LESSOR to terminate this lease, unless the LESSOR grants an extension. 
 If the damage is
so extensive as to amount virtually to the total destruction of the premises or the permanent improvements, the lease will be deemed terminated after occurrence of the casualty and the rent shall be apportioned to the time of the damage.
Notwithstanding the above provisions, if the premises or the building is damaged by fire or other casualty due to the fault or negligence of the LESSEE or its servants, employees, agents, visitors or licensees, then, without prejudice to any
other rights, remedies or cause of action the LESSOR may have against the LESSEE, the damage shall be repaired by the LESSEE or by LESSOR at the LESSEE’s expense and the LESSEE shall be liable to pay
the rent. 
 In the event that the leased premises are totally destroyed or cannot be used for the purposes of the LESSEE
or rendered uninhabitable by fortuitous event, as determined jointly by the LESSOR and LESSEE, whether insured against or not, the lease shall be terminated and extinguished, and the LESSEE’s obligation to pay further
rentals shall likewise be deemed extinguished. In which case, the Security Deposit and the unused Advance Rent, if any, shall not be forfeited and shall be returned by the LESSOR to the LESSEE within thirty (30) days’ from
the joint- determination by the LESSOR and the LESSEE that the lease has been extinguished. 
 If the destruction
is partial, as determined jointly by the LESSOR and LESSEE, LESSEE may choose between a proportional reduction of the rent or rescission of the lease. 
 11. INSURANCE - The LESSEE shall, at its sole cost and expense, purchase, and during the entire term of this lease, keep and maintain any and all installations and improvements on said
leased property insured against destruction or damage by fire, earthquake, war and extended coverage risks with such insurance company or companies acceptable to the LESSOR, in an amount equal to the maximum insurable value thereof
designating both the LESSEE and the LESSOR as the joint beneficiary, the policy to be assigned and delivered to the LESSOR not later than thirty (30) days from the date of this Contract and will pay the premiums thereon at the
dates and places that the same are payable to insure coverage. In case of loss or damage, all insurance proceeds shall be used for the purposes of restoration or reconstruction of the improvements on the leased premises and the LESSOR’s
liability shall be limited to such insurance proceeds except when complete loss or destruction shall occur during the last year of the lease, in which event, the LESSOR shall have the option to call for a renegotiation of the terms of
this Contract. It shall also be the obligation of the LESSEE to secure, at its expense, during the entire term of this lease, property insurance coverage over all equipment, furniture and other movable properties found inside the leased
premises, which copy of the insurance policy shall be furnished the LESSOR not later than thirty (30) days from the date of this Contract. 
 The LESSOR shall notify the LESSEE of the particulars of the fire insurance policy covering the leased premises. 
 12. SIGNS AND ADVERTISEMENTS - The LESSEE shall not affix, hang, inscribe or paint any notice, sign, streamer or other
advertising medium within or outside the premises, without the prior written approval of the LESSOR, which approval shall not be unreasonably withheld. The LESSOR shall remove and/or destroy summarily any such unauthorized sign or
materials which may be within or outside the premises in violation of this provision without incurring any liability whatsoever. 
  

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 The LESSEE agrees that the LESSOR’s name or the name of the Project
shall not be used in any confusing, detrimental or misleading manner and upon termination of this lease, the LESSEE shall cease to use the LESSOR’s and Project’s name in any manner. 
 13. OBSERVANCE OF RULES AND REGULATIONS - The LESSEE, its agents and employees shall observe all rules and regulations which
the LESSOR may, from time to time, issue with respect to transactions and dealings with the public, the LESSOR’s agents, employees and other lessees, provided that the LESSOR provides the LESSEE due notice of such
rules and regulations. 
 14. PROHIBITIONS - The LESSEE shall not bring into or store in the leased premises
anything of highly inflammable nature, explosive materials or install therein any apparatus, machinery or equipment which may cause obnoxious tremors or noise, or expose the leased premises to fire or increase the fire hazard of the building, or any
other article which the LESSOR may reasonably prohibit nor shall the LESSEE install any loudspeaker or device on the roof or exterior walls of the building or on any part of the leased premises or allow disturbing or noisy activities
to be carried on therein, it being understood that should the LESSEE do so, not only shall the latter be responsible to ail damage which such violation may cause the LESSOR and/or its other tenants but the LESSOR shall, in
addition thereto, have the right to cancel this Contract. If the LESSEE shall so use the building, or deposit therein any such matter as to result in any increase in the rate of the insurance payable by the LESSOR, the increase shall
be for the account of the LESSEE. 
 15. INSPECTION OF PREMISES - The LESSOR or its authorized agent shall,
by two (2) days prior written notice to the LESSEE, have the right to enter-the leased premises at anytime to examine the same or make alterations or repairs or for any purpose which the former may deem necessary for the operation or
maintenance of the premises or its installations, and during the last three (3) months of the term of the lease, to show the leased premises to prospective tenants. Written notice shall be dispensed in the event an emergency or exigency arises
rendering the written notice unnecessary. 
 16. DISTURBANCE - Disturbance or discontinuance of the possession of the
[eased premises on account of repairs, renovations, or any construction made on the premises by the LESSOR or for any reasons beyond the control of the LESSOR shall confer no right of any kind to the LESSEE against the
LESSOR, except in cases where the repair is for damages caused by the fault or negligence of the LESSOR, its agent or employee. 
 17. ABANDONMENT OF LEASED PREMISES - If the LESSEE shall abandon or vacate the premises or if the premises should remain unoccupied for a continuous period of exceeding thirty-one (31) days
at any time during the term of this lease and fails to pay the corresponding rent, LESSOR may lease out the premises to other persons or entities, and the LESSEE shall continue to be liable for the regular monthly rent until such time
that the LESSOR finds a new LESSEE for the leased premises. The LESSOR shall also forfeit in its favor the deposit made by way of damages. LESSEE hereby expressly appoints LESSOR or its duly authorized
representative as attorney-in-fact, with full power and authority to padlock, break open, if necessary, enter the premises, inventory the LESSEE’s properties and have them deposited elsewhere. Furthermore, the LESSOR shall have
the right to retain the said properties as security for the payment of LESSEE’s obligations under this Contract, which properties, the LESSOR may, as LESSEE’s duly constituted attorney-in-fact, dispose said properties
and the proceeds thereof applied to satisfy LESSEE’s unpaid obligations without prejudice to any action as may be appropriate for the recovery of any deficiency. 
 18. SUBLEASE, TRANSFER OF RIGHTS - The LESSEE shall not assign or transfer its rights in this Contract nor sublease or sublet
all or any part of the leased premises, without the prior written consent of the LESSOR and no rights, title or interest thereto or therein shall be conferred on or vested to anyone other than the LESSEE without such prior written
consent 
 It is expressly understood that the LESSEE has no goodwill or patronage rights over the leased premises; that
such rights belong exclusively to the LESSOR, being the owner of the leased premises which forms part of the building; and that the LESSEE may not sell or dispose of said goodwill or patronage rights to any person. 
 19. ASSIGNMENT OF RIGHTS/MORTGAGE/ENCUMBRANCE - The LESSOR reserves the right to assign and convey or mortgage or otherwise
encumber its rights to this lease in favor of any affiliate or subsidiary, to any other party. In the event of any assignment, conveyance, mortgage, or encumbrance of the leased premises, the LESSOR binds itself to require the assignee or
mortgagee or beneficiary of the encumbrance to respect and abide by all the terms and conditions of this Contract. 
 20.
LIEN ON PERSONAL PROPERTIES OF THE LESSEE - It is agreed that the unpaid rents and charges payable by the LESSEE to the LESSOR for one (1) year under this Contract shall constitute a preferred lien on all personal
properties of the LESSEE existing in the leased premises in accordance with Articles 2241 and 2243 of the Civil Code. For this purpose the LESSOR is hereby authorized to prevent the removal of said properties from the leased premises,
or demand the return from any possessor should they have been removed without the written consent of the LESSOR. 
  

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 It shall be understood that the LESSEE, its agents or assigns shall not hold the
LESSOR, its agents or assigns liable for any actions of the LESSOR, its agents or assigns done or caused to be done in pursuance of all the provisions of this Contract. 
 21. EXCLUSIVE RIGHTS OF THE LESSOR - The grant of this lease shall not prejudice or adversely affect the following exclusive and
absolute rights of the LESSOR to the extent specified below: 
 a. To provide for the free and uninterrupted passage and
running of water, drainage, electricity, telecommunication or other public utilities or services through the installation of conduits, pipes, wires, cables or ducts as are now or may hereafter be installed in, on or under the leased premises,
serving or capable of serving the Project or any adjoining property, and to enter the leased premises to inspect, repair and maintain such conduits, pipes, wires, cables or ducts; 
 b. To erect, alter or consent to the erection or alteration of any project constructed or to be constructed on any adjoining or neighboring
property, notwithstanding that such erection or alteration may diminish the access of light, view or air enjoyed on the leased premises, or to deal with such neighboring or adjoining property as the LESSOR shall see fit; 
 c. To name or rename the Project with any such style or name and from time to time, to change alter, substitute or abandon any such
name, without compensation to the LESSEE or the other tenants of the Project, provided that the LESSOR shall give the LESSEE not less than two (2) months’ prior written notice of the LESSOR’s intention to
do so; 
 d. To improve, change, alter, extend, reduce, add or otherwise deal with the arrangement, design or decoration of the
Project and the LESSEE shall not hold the LESSOR liable for any resulting disturbance or discomfort arising out of such development work or improvement; 
 e. To make, impose, adopt, supplement, abolish or amend such rules and regulations it may consider necessary for the management, operation
or maintenance of the Project; and 
 f. To undertake the improvement of the Project or any development work in an
adjoining lot, within the vicinity area of the Project. 
 22. TERMINATION OF LEASE - The LESSEE agrees to
return and surrender the leased premises at the expiration of the term of this lease in as good condition as reasonable wear and tear will permit and without any delay whatsoever, devoid of all occupants, furniture, articles and movable effects of
any kind. It is expressly understood that all other permanent improvements and fixtures not removable without defacing or injuring the premises shall pertain to the LESSOR and shall be surrendered with the premises in good condition without
compensation to the LESSEE. 
 If the premises are not surrendered at the expiration of the term, the LESSEE shall
be responsible to the LESSOR for all damages which the latter may suffer by reason thereof and will indemnify the LESSOR against any and all claims made by any succeeding LESSEE against the LESSOR resulting from delay of
the LESSOR in delivering possession of the premises to such succeeding LESSEE, so far as such delay is occasioned by the failure of the LESSEE to surrender the premises on time. 
 23. INDEMNITIES - The LESSEE will indemnify and hold harmless the LESSOR from and against any and all claims or demands
by the LESSEE and third persons for loss of life, injury, loss or damage to property resulting from any accident on the leased premises or occasioned by any nuisance made or suffered on the premises, or by any fire thereon or growing out of
or occurring in, upon, or at the leased premises, by the occupancy or use of the premises or any part thereof, whether wholly or in part, caused by any act or omission of the LESSEE, its agents, contractors and employees, or arising out of
any accident on the premises occasioned by any failure on the part of the LESSEE to maintain the premises in a safe, sanitary or secured condition or by reason of the LESSEE’s violation, non-observance, or non-performance of
rules, regulations, ordinances, laws and the condition of this agreement concerning or affecting the premises or the improvements thereon. 
 The LESSOR shall not be liable for any damage caused by or arising from the failure of the water supply and electric current, or defects in the plumbing, gas, water or electrical installations, or
the bursting, leaking or running of any washstand, water closet, cistern, tank or waste pipe in the premises or for those enumerated under the INJURY or DAMAGE Clause. The LESSOR shall likewise be exempted from liability for any injury that
may be caused to the LESSEE, his employee or personnel while inside the building, whether due to the facilities of the LESSOR or otherwise. 
  

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 24. INJURY OR DAMAGE - The LESSEE hereby assumes full responsibility for
any damage which may be caused to the person or property of third persons while remaining either casually or on business in any part of the leased premises and further binds itself to hold the LESSOR free and harmless from any such claim for
injury or damage. 
 The LESSOR shall not be liable or responsible: 
 a) For the presence of bugs, vermin, ants, termites or any other insects or pests in the leased premises; 
 b) For the interruption or failure of water supply and/or electric current; 
 c) For any article delivered to or left with any of its employees; 
 d) For any loss or losses that may be suffered by the LESSEE, its agents or customers in the leased premises occasioned by theft,
robbery or other crimes. 
 e) For any damage done or occasioned by, or arising from plumbing, gas, water and/or other kinds of
pipes, or the bursting, leaking or destruction of any cistern, tank, wash stand, water closet, waste pipe or drainage or downspout failure in, above, upon or about said leased premises, or for any damages arising from acts or negligence of the
LESSEE or his employees, or representatives. 
 25. EXTRAORDINARY INFLATION - In case an extra-ordinary inflation
of the Philippine Peso should supervene during the term of this lease or its extensions or renewal, the value of the currency at the time of the establishment of the obligation, shall be the basis of payment as provided for in Article 1250 of the
New Civil Code of the Philippines. In case of such eventuality, the LESSOR shall have the option to adjust the monthly rent accordingly. The term “extraordinary inflation” shall be conclusively presumed to have supervened if the
exchange rate of the Philippine Peso to the US Dollar which is fixed at (Peso)             to the US$1.00 at the time of execution of this Contract should increase by more than twenty five
percent (25%) of exchange rate of the Philippine Peso to the US Dollar as determined by the Central Bank Reference Exchange Rate which shall be conclusive upon the parties. The LESSOR shall exercise this option by giving written notice
to the LESSEE of the occurrence of the extraordinary inflation coupled with the demand to pay the adjusted rent on the succeeding calendar month after receipt of notice, which in no case shall be more than fifteen (15) days. If the
LESSEE does not accept the new monthly rent, the lease shall be deemed automatically terminated upon the effectivity of the new Monthly Rent 
 26. STRIKES AND LOCK-OUTS - In case there is strike, lock- out or other labor dispute in the leased premises and there is a substantial interference with the operation of the LESSEE’s
business by reason thereof requiring the LESSEE to temporarily close its business to the public or if, as a result thereof, the business of the other lessees or tenants in the premises are likewise affected, then the LESSOR shall have
the option to terminate this lease to protect the business of the other lessees or tenants in the premises. 
 27.
EXPROPRIATION AND CONDEMNATION - If, at any time during the term of this lease, the Government or any of its instrumentality or political subdivision or any public service company, shall expropriate or condemn the leased premises or any part
thereof or interest therein for any public use or purpose, then and in every case, the LESSEE shall, whenever requested by the LESSOR, deliver the peaceable possession of such portion or portions of the building hereby leased, or as
may be affected or taken by such expropriation, and the LESSEE shall not, by reason of such expropriation, be entitled to any claim against the LESSOR for compensation or indemnity, without prejudice to the rights of the LESSEE
to claim whatever damage it may be entitled to from the expropriating or condemning authority. 
 28. PENAL PROVISIONS
- The parties agree that all covenants and agreements herein contained shall be deemed essential conditions hereof and that if defect or breach be made on any such conditions, then this lease, at the discretion of the LESSOR, may be
terminated and canceled either judicially or extra-judicially, without resorting to court action. When extra-judicial cancellation or termination is resorted to, it is sufficient that a fifteen (15)-day notice in writing of its intention to cancel
or terminate the Contract be delivered either personally or by registered mail. This shall be without prejudice to the claims for any and all damages, actual and consequential, resulting from such default or termination. 
 If after due notice has been given to the LESSEE of the cancellation of the lease, the latter fails to comply with the demand of the
LESSOR for the return to it of the possession of the premises and the payment of the LESSEE’s accrued obligations pursuant to the provisions of this agreement, or in the event the LESSOR should exercise its right to enforce
its preferred lien on the personal properties of the LESSEE existing on the leased premises, or in the event of default or breach by the LESSEE of any of the provisions herein contained, the LESSEE hereby empowers the LESSOR
and/or its 
  

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authorized representatives to open, enter, occupy, padlock, secure, enclose, fence and/or discontinue public utilities and otherwise take full and complete physical possession and control of the
leased premises without resorting to court action; to take inventory and possession of whatever equipment, furniture, articles, merchandise, appliances, etc. may be found therein belonging to the LESSEE, unauthorized subleases and/or other
persons, as security for the payment of the LESSEE’s obligation under this Contract, and to place them in the LESSOR’s warehouse for safekeeping, charging to the LESSEE the corresponding storage fees therefor; and in
case the LESSEE or other owners thereof fail to claim said equipment, furniture, articles, merchandise, appliances, etc. from storage and liquidate any liability to the LESSOR within a reasonable period from the date of the
LESSOR’s taking possession of the leased premises or of the LESSEE’s personal properties, to dispose of said property/properties and to apply the proceeds thereof to whatever liability and/or indebtedness the LESSEE
may have to the LESSOR plus reasonable expenses for the sale, including storage fees, without any prejudice to any action as may be appropriate for the recovery of any deficiency. For purposes of this provision and other pertinent
provisions of this Contract, the LESSEE hereby constitutes the LESSOR and its authorized representatives as the LESSEE’s attorneys-in-fact, and all acts performed by them in the exercise of their authority are hereby
confirmed. The LESSEE hereby expressly agrees that any or all acts performed by the LESSOR, its authorized agents, employees and/or representatives under the provisions of this Article may not be the subject of any petition for a Writ
of Preliminary Injunction or Mandatory Injunction in court. 
 Should the LESSOR be compelled to seek judicial relief
against the LESSEE, the latter shall, in addition to the damages mentioned in the first paragraph of this provision, pay an amount equivalent to twenty five percent (25%) of the amount claimed in the complaint, but in no case less than
fifty thousand pesos ((Peso)50,000.00), as attorney’s fees , aside from the costs of the litigation and other expenses which the law may entitle the LESSOR to recover from the LESSEE. 
 Provisions of a penal character in other parts of this Contract shall be considered as cumulative to the relief granted by this provision.

 The LESSEE or its representative certifies that he/she has read or caused to be read to him/her the provisions of the
foregoing Contract, receipt of a signed copy of which is hereby expressly acknowledged by the LESSEE or its representative and that he/she has fully understood the same. 
 29. DEFAULT 
 a) In the fulfillment of all obligations wherein the payment of money other than rental is involved, including but not limited to taxes, assessments, reimbursements, fees, costs and other charges, the LESSEE is given a period of
thirty (30) days from date of default within which to make the necessary payment, otherwise, LESSOR shall have the right to recover against the LESSEE or exercise the right to rescind the Contract; 
 b) In the event that LESSEE should default in payment of his monthly rentals after the last calendar day of the month to which the
rent pertains, as well as payment of interests, penalties, fees, charges and any other monetary obligations within the period provided herein, the LESSOR, without prejudice to all other remedies in this Contract, shall be authorized to
padlock, close and take immediate possession of the leased premises, and after due notice, the LESSEE hereby constitutes the LESSOR his attorney-in-fact to sell all the properties of the LESSEE within the premises, which proceeds will
be applied to all the outstanding obligations to the LESSOR; 
 c) In the fulfillment of obligations contained in this
Contract which involve the performance of an act or construction of a certain work or an obligation to do and not to do, the LESSEE may cure or remedy any breach or failure to comply within thirty (30) days from such breach. 
 Default shall automatically take place upon the failure of the LESSEE to pay or perform any of its obligations during the time fixed
herein for the payment or performance of such obligation without necessity of demand or, if no time is fixed, after ten (10) days from receipt of notice or demand from the LESSOR. For purposes of default where demand or notice is
required of the LESSOR, the parties hereby expressly agree that notice addressed to the LESSEE delivered at its office in the leased premises or at the address stated in this Contract shall be considered as sufficient compliance of the
requirement of notice or demand. 
 The acceptance by the LESSOR of arrears in rent or the penalty for late payment, or
extensions of payment shall not by itself be deemed a waiver by the LESSOR of any breach by the LESSEE of any covenant or condition contained in this Contract. Likewise, the acceptance of payment or performance of one or more
obligations by the LESSEE shall not be deemed a waiver by the LESSOR of any breach by the LESSEE of any other covenant or conditions contained herein. Silence on the part of the LESSOR shall not also be considered as
condonation or waiver of any breach or default by the LESSEE of any covenant or condition of this Contract. 
  

 9 

 STANDARD GTC – CYBERGATE (OFFICE) 
  

 In the event of default or breach of any of the conditions of this Contract and after
the lapse of the period specified in this section, or (i) even without such breach or default, if the LESSEE shall be dissolved, become bankrupt, insolvent or make an assignment for the benefit of creditors of all or substantially all of
its assets or file any proceeding seeking any readjustment, arrangement, postponement or condonation or reduction of LESSEE’s debts, liabilities, or obligations, or (ii) if the LESSEE abandons the premises and the
improvements thereon, or (iii) in case of non-operation for a period of one (1) month from commencement date, the LESSOR may, at its absolute discretion, declare this Contract canceled or terminated, without resorting to court
action, and require the LESSEE to vacate the premises. PROVIDED, however, that in case of non-operation, abandonment or illegal detainer without prejudice to the payment of penalty for such illegal detainer, the LESSEE hereby
expressly authorizes LESSOR as its duly authorized attorney-in-fact with full power and authority to padlock, break open if necessary and enter into and take possession of the premises for the protection of its interest therein and any action
taken or done therein by the LESSOR, its representatives and agents, shall not be a cause for any legal action, be it civil or criminal, by the LESSEE. Delay in recovery of possession shall not be deemed as a waiver of the right of the
LESSOR to recover possession of the premises. 
 No waiver by the LESSOR of any of its rights under this Contract
shall be deemed to have been made unless expressed in writing and signed by the LESSOR. 
 In case of cancellation or
termination of this Contract due to default or breach of its terms, the LESSEE shall pay all reasonable attorney’s fees, costs and expenses of litigation that may be incurred by the non-defaulting party in enforcing its rights under this
Contract or any of its provisions, as well as in the collection of all unpaid rents, fees, charges, taxes, assessments and reimbursements which the LESSOR may be entitled to. 
 30. WARRANTY AGAINST EVICTION - The LESSOR warrants that the LESSEE shall enjoy legal and peaceful possession of the
leased premises at all times, during the lease period under the terms and conditions of this Contract. 
 31. VENUE OF
ACTION - It is understood that all legal actions that may be brought on or by virtue of this Contract shall be in the proper courts of Pasig City, to the exclusion of all other venue. 
 32. ALTERATIONS, MODIFICATIONS, NOVATIONS OF CONTRACT - This Contract embodies all the agreements of the parties covering the
properties subject hereof. No alteration, modification, novation, addition or any collateral agreement which alters, modifies, novates and adds to the terms of this Contract shall be valid and binding unless made in writing and signed by the parties
hereto. It is agreed that in case any provision of this Contract is declared null and void by a court of competent jurisdiction, the remaining provision shall remain and continue to be valid on the parties. 
 33. OTHER PROVISIONS 
 a. If the LESSEE is an authorized franchise holder carrying business under a trade name, the LESSEE shall provide the LESSOR a copy of the franchise agreement and it shall be
understood that the grant of franchise is, among others, a reason for the grant of this lease. The termination or cancellation of the franchise for any reason whatsoever shall entitle the LESSOR, at its option, to terminate this lease,
regardless of the term of this Contract and without prejudice to any other rights that the LESSOR has under this Contract. 
 b. In the event of renovation, expansion or other corporate plans of the LESSOR on the Project, the LESSEE recognizes the right of the LESSOR to re-assign, relocate, move or transfer the LESSEE to another
space or area of the Project comparable to the present one without the LESSOR incurring liability therefore. The LESSEE agrees to abide by this provision upon sixty (60) days notice to the same. 
 c. The LESSEE shall employ its best efforts and abilities as may be reasonably necessary to help maintain a high reputation for the
Project. 
  

 10 

 ANNEX “B” 
 The following amendments are made to Annex “A” (General Terms and Conditions): 
  

	1)	The first paragraph of Article 1 shall be amended to read as follows: 

 “1. TERM - The term of the lease shall be for a period as set forth in the Basic Lease Provisions. The Contract may be renewed by the mutual agreement of both parties subject to the following:

  

	 	a)	receipt by the LESSOR of written notice of intent from the LESSEE at least five (5) months before the lease expiration; 

  

	 	b)	execution of a mutually agreeable renewal lease contract at least two (2) months before the lease expiration.” 

  

	2)	 The 4th paragraph of Article 1 shall be amended to read as follows: 

 “The LESSEE shall have no right to terminate the lease during the first thirty-nine (39) months of the lease. Should
LESSEE terminate the lease prior to or on the thirty-ninth month, LESSEE shall pay all monthly rent and charges payable through the thirty-ninth month plus a termination privilege fee equivalent to four (4) months’ rent.

 LESSEE shall have the right to terminate the lease at any time after thirty-nine (39) months, upon receipt by the
LESSEE of at least ninety (90) days’ prior written notice, subject to a pre-termination penalty as follows: 
  

			
	 Date of Pre-termination
	  	 Equivalent rental

	Anytime during Month 40 through Month 51	  	Four (4) months’ rent
	Anytime during Month 52 through Month 63	  	Three (3) months’ rent

  

	3)	The first paragraph of Article 2 shall be amended to read as follows: 

 “RENT - The monthly rental shall be paid at the LESSOR’s office within the first five (5) calendar days of each calendar month to which the rent corresponds, without the need of
demand. The LESSEE shall deduct and withhold the withholding tax due on the monthly rental and remit the same to the Bureau of Internal Revenue (BIR) in accordance with BIR regulations. The LESSEE shall submit to the LESSOR a
copy of the Certificate of Remittance of the withholding tax within five (5) days from the time of payment of the tax to the BIR. Without prejudice, however, to all other remedies of the LESSOR under the Contract, all unpaid rentals and
other charges which remain unpaid at the end of the month in which they are due and after LESSOR has provided written notice to LESSEE shall, from the first day of the next month, accrue interest at the rate of three percent
(3%) per month or the maximum prevailing interest rate by law, whichever is higher. In addition, the LESSOR, at its option, may impose penalty of five percent (5%) per month, on all unpaid charges.” 
  

	4)	Article 3 shall be amended to read as follows: 

 “3. SECURITY DEPOSIT AND ADVANCE RENT - The LESSEE shall pay the LESSOR a Security Deposit, as described in the Basic Lease Provisions, to serve as security for the full and
faithful compliance of each and every term, provision, covenant, and condition of this lease as well as LESSEE’s monetary obligations for unpaid rent and utilities and other dues, fees and charges after termination or abandonment, and for the
condition of the leased premises. The LESSOR shall not be required to keep the Security Deposit from its general funds and the LESSEE shall not be entitled to interest on such deposit. The Security Deposit shall remain intact during
the entire term of this lease and the LESSEE cannot demand that it be applied as payment for any of its monetary obligations under this Contract except as the settlement of all charges related to the leased premises at the end of the lease.
In the event the LESSEE satisfies the LESSOR of its full and faithful performance and compliance with the provisions of this lease as well as its monetary obligations for unpaid rent and utilities and other dues, fees and charges and
for the condition of the leased premises, the Security Deposit shall be refunded to the LESSEE not later than sixty (60) days after the termination or expiration of the lease term. The LESSEE shall completely and satisfactorily
vacate, deliver, and surrender the leased premises in as good condition as it was prior to the lease except for depreciation due to ordinary wear and tear, to the LESSOR. Requirements for LESSOR’s retaining any of the Security
Deposit are provided in the 3rd paragraph of Section IV of
the Basic Lease Provisions. 
 The Security Deposit and any unused Advanced Rent shall be returned by the LESSOR to the
LESSEE not later than sixty (60) days from the termination of this Contract. The LESSEE’s liability for any breach of this Contract or for any obligation for the leased premises shall not be limited to the amount of the said
Security Deposit. 
 In addition, the LESSEE shall pay the LESSOR an Advance Rent as described in the Basic Lease
Provisions. The said amount shall be applied to the rent for the first number of months to which it corresponds or is equivalent.” 

	5)	 The 1st paragraph of Article 4(a) shall be amended to add the following as the last sentence: 

 In the case of an inconsistency between the provisions of this GTC and the COL, the terms and conditions of the COL shall prevail.

  

	6)	 The 2nd paragraph of Article 4(a) shall be amended to read as follows: 

 “LESSOR shall provide electricity and water (“Imperative Service”), either through the service provider or via an alternative
system, and security for the premises with no failure in availability. Such connections shall be active and operational an aggregate of 95% in any seven (7) day period. If LESSOR does not meet these Imperative Service level standards, LESSEE
may obtain alternate services or terminate this Lease immediately upon written notice to LESSOR. Any temporary interruption (for a period of 72 hours or less) in the Imperative Services shall not be deemed as an eviction of the LESSEE, nor shall it
relieve the LESSEE of any obligation under this Contract through the date of interruption, including the payment of rental nor subject the LESSOR to any liability arising therefrom. However, LESSOR shall endeavor to use every effort and diligence to
restore promptly the facilities and services to their proper functions and continuation of the interruption shall be reason for termination of the Lease. 
  

	7)	 The 2nd paragraph of Article 4 (b) shall be amended to read as follows: 

 “Utility meters shall be provided by the LESSOR. In the event of a meter breakdown, the LESSOR shall repair or replace
the meter at its sole expense within a reasonable period from receipt by the LESSOR of a written request for repair or replacement from the LESSEE, and the LESSEE undertakes to pay any and all interim charges that may result
therefrom.” 
  

	8)	 The 6th paragraph of Article 4(b) shall be deleted in its entirety. 

  

	9)	 The 1st paragraph of Article 5 shall be amended to read as follows: 

 “5. NATURE AND USE OF THE LEASED PREMISES AND USE OF COMMON AREAS - The leased premises shall be used exclusively for purposes
as agreed upon by the LESSOR and LESSEE, and only under the name and style mentioned in the Contract. Should the LESSEE change its name and style during the lease term but without changing its kind of business and changing the
purpose for which the lease was entered into, the LESSEE shall provide the LESSOR pertinent documents to support said change of name and style and the change of name and style shall not be considered to be a breach of this lease. The
use of the leased premises other than what is previously agreed upon, whether temporarily or permanently, must be with the prior written consent of the LESSOR, which shall not be unreasonably withheld; otherwise, the LESSOR may, at its
option and after written notice and a 30-day period in which to cure, consider this Contract of Lease rescinded, without resorting to court action, increase the rent or compel the LESSEE to stop the new activities.” 
  

	10)	 The 4th and 5th paragraphs of Article 5 shall be amended to read as follows: 

 “The LESSEE shall, at the commencement of the fit-out period of the premises and at anytime thereafter, take preventive
measures, as may be deemed necessary, to forestall any damage to the leased premises other than wear and tear that is ordinary for LESSEE’s business. The LESSEE undertakes to continue paying its monthly rent to the LESSOR
as provided in the lease should any alterations, additions, improvements, installations or repairs within the premises be undertaken unless the repair being undertaken is of such extent that the LESSEE is unable to use the leased premises for
the purpose for which it was leased as determined jointly by the LESSOR. 
 The use and occupancy by the LESSEE of
the leased premises shall include, jointly with other lessees and unit owners, the use of common areas adjacent to the leased premises and portion thereof in connection with others, necessary as entrance to and exit from the leased premises, public
toilet, and other facilities as may be designated from time to time by the LESSOR, subject to reasonable rules and regulations for the use thereof as prescribed from time to time by the LESSOR. The lease does not extend to the outside
portions of the building corresponding to or opposite the leased premises nor to the corridors and hallways within the building and no merchandise or property of the LESSEE shall be placed therein except signage as may be agreed by the
parties. Without prejudice to the rights of the LESSOR in this Contract, the LESSOR may remove or cause the removal of any object found outside of the leased premises and remaining there for over 24 hours as described herein with costs
chargeable to the LESSEE, except if such objects are a cause of nuisance to the public or to other tenants of the building, in which case the LESSOR need not wait 24 hours before removing said object.” 
  

	11)	 The 1st paragraph of Article 6 shall be amended to read as follows: 

 “6. SUBMISSION OF PLANS - Within the time mutually agreed by both parties, the LESSEE shall submit the construction plan
for the proposed installations, improvements, lighting fixtures, floor covering, and other installations as may be required by the nature and purpose of its business, and only after receipt of LESSOR’s prior written approval of the said
floor plan, which approval shall not be unreasonably withheld, and submission to the LESSOR by the LESSEE of the necessary construction

 
bond, the amount of which shall be solely determined by the LESSOR, shall LESSEE install and maintain said installations and improvements at its own expense. Any subsequent
additions, alterations or changes to the approved plans shall be made only upon written consent of the LESSOR, which shall not be unreasonably withheld. The LESSEE shall also be responsible for securing all the necessary government
permits or licenses as well as pay all taxes necessary for its operations. The LESSEE shall furnish the LESSOR copies of the said permits and licenses or any renewal thereof fifteen (15) days from the start of the
LESSEE’s business and every renewal date thereof as required by law. The LESSEE must make a declaration of its maximum electrical load and enumerate thereat, in the checklist provided by the LESSOR, the electrical fixtures,
appliances, equipment, facilities, etc.” 
  

	12)	 The 3rd paragraph of Article 6 shall be amended to read as follows: 

 “Furthermore, the installation of additional plumbing, electrical appliances/equipment, telephone and teletype in the premises shall be
for the account of and expense of the LESSEE, and only after obtaining the prior written consent and approval of the LESSOR, which shall not be unreasonably withheld. Such installation(s) should be made in such a way as not to cause
damage to the premises. Provided, however, that in the installation of additional electrical appliances wherein extra electrical outlets will be needed, the LESSEE shall first furnish the LESSOR with plans of such additional outlets
for the LESSOR’s prior written approval, which shall not be unreasonably withheld. The LESSEE shall, at all times, cooperate with the LESSOR’s agent/representative in the LESSOR’s regular inspection of the
LESSEE’s electrical load. For this reason, the LESSEE shall use only duly licensed electrician(s) who must ensure that the additional load of current shall be within the capacity of the main switch of the panel on the
corresponding floor. The LESSEE further binds itself to comply strictly with the requirements of the Fire Department and/or Government Electrician. Any violation of this provision shall make LESSEE liable for damages which may result
directly or indirectly therefrom.” 
  

	13)	Article 7 shall be amended to read as follows: 

 “ALTERATIONS, ADDITIONS, IMPROVEMENTS - The LESSEE shall not make any alterations, additions or improvements without the prior written consent of the LESSOR, which shall not be
unreasonably withheld; Provided however, that all such alterations, additions or improvements made by either party in or upon the leased premises, except the movable furniture and fixtures put in at the expense of the LESSEE and removable without
defacing or impairing the property of the LESSOR, shall remain upon and be surrendered with the premises as part thereof upon termination of this lease without compensation to the LESSEE.” 
  

	14)	 The following shall be added at the end of the 1st paragraph of Article 8: 

 “In any event, LESSOR shall provide no fewer than 36 designated parking spaces for LESSEE and shall not relocate those
spaces without providing 30 days’ written notice and relocating the spaces to an area no less desirable than the original allocation. The LESSOR reserves the option to endorse or assign the lease of slots to a third party car park
management firm.” 
  

	15)	The 1st paragraph of Article 9 shall be amended to read as follows: 

 “9. CARE OF THE LEASED PREMISES - The LESSEE shall, at his expense, maintain the leased premises in a clean and sanitary condition, free from noxious odors, disturbing noises or other
nuisances and, upon the expiration of the lease, shall return the premises and fixtures in as good condition as that in which they were actually found at the beginning of the lease, ordinary wear and tear excepted. The LESSEE shall not drive
nails, screws, hooks or other abutments on or into the walls frames or other portions of the premises outside the ordinary course of business, including pictures, whiteboards, presentation screens, etc. or in any manner deface or damage any part
thereof. Any damage caused by the LESSEE may be repaired by the LESSOR for the account of the LESSEE. The LESSOR shall have the right to require the LESSEE to remove any display or promotional matter, or any
displayed merchandise which LESSOR reasonably and in good faith considers to be improper or inappropriate for the general appearance or presentation of the premises. 
  

	16)	 The last sentence of the 3rd paragraph of Article 9 shall be amended to read as follows: 

 “The LESSEE shall be responsible for the maintenance and repair of the leased premises including plumbing and electrical
fixtures within the premises.” 
  

	17)	 The 5th paragraph of Article 9 shall be amended to read as follows: 

 “No machinery, office furniture, effects or other equipment, whether owned or not owned by the LESSEE, may be brought into or out of
the building without the prior written approval of the LESSOR, which approval shall not be unreasonably withheld. However, in case the LESSEE has any outstanding unsettled rent, dues or other charges, the LESSOR reserves the right to withhold
approval until such outstanding amounts have been duly settled by the LESSEE.” 

	18)	 The 1st paragraph of Article 11 shall be amended as follows: 

 “11. INSURANCE - The LESSEE shall, at its sole cost and expense, purchase, and during the entire term of this lease, keep and maintain
any and all installations and improvements on said leased property insured against destruction or damage by fire, earthquake, war and extended coverage risks with a reputable insurance company, in appropriate amounts as determined by LESSEE and its
insurers, designating the LESSOR as additional insured, the policy to be delivered to the LESSOR not later than thirty (30) days from the date of this Contract and will pay the premiums thereon at the dates and places that the same are payable
to insure coverage. In case of loss or damage, insurance proceeds shall be used first for the purposes of restoration or reconstruction of the improvements on the leased premises and the LESSOR’s liability shall be limited to such insurance
proceeds except when the loss or damage is due to the gross negligence or intentional acts or omissions of LESSOR, its employees, officers, agents and contractors. If complete loss or destruction shall occur during the last year of the lease, the
LESSOR shall have the option to call for a renegotiation of the terms of this Contract. It shall also be the obligation of the LESSEE to secure, at its expense, during the entire term of this lease, property insurance coverage over all equipment,
furniture and other movable properties found inside the leased premises, which copy of the insurance policy shall be furnished the LESSOR not later than thirty (30) days from the date of this Contract. 
  

	19)	Article 17 shall be amended as follows: 

 “ABANDONMENT OF LEASED PREMISES - If the LESSEE shall abandon or vacate the premises or if the premises should remain unoccupied for a continuous period of exceeding thirty-one (31) days at any time during the term of this lease
and fails to pay the corresponding rent, LESSOR may lease out the premises to other persons or entities, and the LESSEE shall pay the appropriate Termination Privilege plus a penalty equivalent to three (3) months’ rental. If abandonment
occurs prior to or on the 39th month of the lease, in addition to the Termination privilege, the LESSEE shall also be liable for the rent and charges through the 39th month. LESSEE hereby expressly appoints LESSOR or its duly authorized
representative as attorney-in-fact, with full power and authority to padlock, break open, if necessary, enter the premises, inventory the LESSEE’s properties and have them deposited elsewhere. Furthermore, should LESSOR make a written demand to
LESSEE for payment of unpaid rent, utilities, fees, dues and other charges and LESSEE not make payment after thirty (30) days, and should the Security Deposit be insufficient to satisfy LESSEE’s obligations to LESSOR for rent, utilities,
fees, dues and other charges, the LESSOR shall have the right to retain any properties (such as but not limited to furniture and equipment, but excluding those protected by intellectual property rights,) that is owned outright by LESSEE as security
for the payment of LESSEE’s obligations under this Contract, which properties the LESSOR may, as LESSEE’s duly constituted attorney-in-fact, dispose of and the proceeds thereof applied to satisfy LESSEE’s unpaid obligations without
prejudice to any action as may be appropriate for the recovery of any deficiency. Property found within the leased premises which the LESSEE does not own (i.e., is leased or financed) shall be listed and certified by the LESSEE as such, which list
shall be attached to the Contract of Lease as Exhibit “B”, and the LESSEE shall present proof of such claim, and which shall be updated on an annual basis. In no event shall LESSOR have any security interest in or right to take, use,
donate or sell any of those properties listed in “Exhibit B”. 
  

	20)	The following shall replace the second paragraph of Article 23: 

 “The LESSOR will indemnify and hold harmless the LESSEE from and against any and all claims or demands by the LESSOR and third persons for loss of life, injury, loss or damage to property resulting
from any accident in the building or occasioned by any nuisance made or suffered in the building, or by any fire thereon or growing out of or occurring in, upon, or at the leased premises, by the occupancy or use of the premises or any part thereof,
whether wholly or in part, caused by any act or omission of the LESSOR, its agents, contractors and employees, or arising out of any accident on the premises occasioned by any failure on the part of the LESSOR to maintain the building in a safe,
sanitary or secured condition or by reason of the LESSOR’s violation, non-observance, or non-performance of rules, regulations, ordinances, laws and the condition of this agreement concerning or affecting the building or the improvements
thereon. The parties agree that damage caused by or arising from the provision of electricity , water and/or other utilities to the leased premises by third party utility companies shall not be indemnified by LESSOR. 
  

	21)	Article 24 shall be amended to read as follows: 

 “INJURY OR DAMAGE - The LESSEE hereby assumes full responsibility for any damage which may be caused to the person or property of third persons while remaining either casually or on business in any
part of the leased premises and further binds itself to hold the LESSOR free and harmless from any such claim for injury or damage. 
 The LESSOR shall not be liable or responsible: 
 a) For the presence of bugs, vermin, ants, termites or any other
insects or pests in the leased premises caused by the gross negligence of LESSEE; 
 b) For any article delivered to or left with
any of its employees; 

 c) For any loss or losses that may be suffered by the LESSEE, its agents or customers in the
leased premises occasioned by theft, robbery or other crimes except as may be occasioned by gross negligence or intentional acts or omissions of LESSOR. 
 d) For any damage done or occasioned by, or arising from plumbing, gas, water and/or other kinds of pipes, or the bursting, leaking or destruction of any cistern, tank, wash stand, water closet, waste
pipe or drainage or downspout failure in, above, upon or about said leased premises, due to the acts or gross negligence of the LESSEE or his employees, or representatives. 
 If the Premises are damaged by casualty, LESSOR shall promptly make the reasonably necessary repairs and Rent shall equitably and
proportionally abate. If repairs cannot be substantially completed within ninety (90) days, LESSOR shall notify LESSEE as soon as practical and either party may terminate this Lease within thirty (30) days of such notice. LESSOR shall not
repair/replace property of LESSEE or others. 
  

	22)	Article 25 shall be amended to read as follows: 

 “EXTRAORDINARY INFLATION - In case an extra-ordinary inflation of the Philippine Peso should supervene during the term of this lease or its extensions or renewal, the value of the currency at the
time of the establishment of the obligation shall be the basis of payment as provided for in Article 1250 of the New Civil Code of the Philippines. In case of such eventuality, the LESSOR shall have the option to adjust the monthly rent accordingly.
The term “extraordinary inflation” shall be conclusively presumed to have supervened if the exchange rate of the Philippine Peso to the US Dollar which is fixed at P46.66 to the US$1.00 at the time of execution of this Contract should
increase by more than fifty percent (50%) of exchange rate of the Philippine Peso to the US Dollar as determined by the Central Bank Reference Exchange Rate within a six-month period. The LESSOR shall exercise this option by giving written
notice to the LESSEE of the occurrence of the extraordinary inflation coupled with the demand to pay the adjusted rent on the succeeding calendar month after receipt of notice, which in no case shall be more than fifteen (15) days. If the
LESSEE does not accept the new monthly rent, the lease shall be deemed automatically terminated upon the effectivity of the new Monthly Rent. 
  

	23)	 The 2nd paragraph of Article 28 shall be amended to read as follows: 

 “If after due notice has been given to the LESSEE of the cancellation of the lease, the latter fails to comply with the written demand
of the LESSOR for the return to it of the possession of the premises and the payment of the LESSEE’s accrued obligations pursuant to the provisions of this agreement within thirty (30) days from receipt of said written demand, or in the
event the LESSOR should exercise its right to enforce its preferred lien on the personal properties of the LESSEE existing on the leased premises, or in the event of default or breach by the LESSEE of any of the provisions herein contained and the
LESSEE fails to remedy said breach within thirty (30) days from receipt of the LESSOR’s written demand, the LESSEE hereby empowers the LESSOR and/or its authorized representatives to open, enter, occupy, padlock, secure, enclose, fence
and/or discontinue public utilities and otherwise take full and complete physical possession and control of the leased premises without resorting to court action subject to the provisions of Article 17 of the General Terms and Conditions, as
amended; to take inventory and possession of whatever equipment, furniture, articles, merchandise, appliances, etc. may be found therein belonging to the LESSEE, unauthorized subleases and/or other persons, as security for the payment of the
LESSEE’s obligation under this Contract, and to place them in the LESSOR’s warehouse for safekeeping, charging to the LESSEE the corresponding storage fees therefor; and in case the LESSEE or other owners thereof fail to claim said
equipment, furniture, articles, merchandise, appliances, etc. from storage and liquidate any liability to the LESSOR within a period of thirty (30) days from the date of the LESSOR’s taking possession of the leased premises or of the
LESSEE’s personal properties, to dispose of said property/properties and to apply the proceeds thereof to whatever liability and/or indebtedness the LESSEE may have to the LESSOR plus reasonable expenses for the sale, including storage fees,
without any prejudice to any action as may be appropriate for the recovery of any deficiency. For purposes of this provision and other pertinent provisions of this Contract, the LESSEE hereby constitutes the LESSOR and its authorized representatives
as the LESSEE’s attorneys-in-fact, and all acts performed by them in the exercise of their authority are hereby confirmed. The LESSEE hereby expressly agrees that any or all acts performed by the LESSOR, its authorized agents, employees and/or
representatives under the provisions of this Article may not be the subject of any petition for a Writ of Preliminary Injunction or Mandatory Injunction in court. 
  

	24)	The last paragraph of Article 28 shall be amended to read: 

 “Each party or its representative certifies that he/she has read or caused to be read to him/her the provisions of the foregoing Contract, receipt of a signed copy of which is hereby expressly
acknowledged by that party or its representative and that he/she has fully understood the same.” 

 25) Article 29 shall be amended to read as follows: 
 29. DEFAULT 
 a)
In the event that either party has not performed an obligation under the lease, this Contract or other rules or regulations, it shall have thirty (30) days after receipt of written notice from the non-defaulting party to cure the breach or it
shall be deemed to be in default. The non-defaulting party shall have the option to terminate the lease, seek legal relief or all of the above. 
 In the case of Imperative Services under Exhibit A to the Lease and described above, the cure period shall be 72 hours or the LESSOR shall be in default and subject to termination without penalty or to
the procurement of replacement services at LESSOR’s sole expense. 
 b) In the event that LESSEE should default in payment
of his monthly rentals after the last calendar day of the month to which the rent pertains, as well as payment of interests, penalties, fees, charges and any other monetary obligations within the period provided herein, the LESSOR, without prejudice
to all other remedies in this Contract, shall give the LESSEE ten (10) days from the last calendar day of the month to which the rent pertains to cure the breach. Thereafter, without the LESSEE being able to cure said breach, the LESSOR shall
be authorized to padlock, close and take immediate possession of the leased premises, and after due notice, the LESSEE hereby constitutes the LESSOR his attorney-in-fact to sell all the properties of the LESSEE within the premises, which proceeds
will be applied to all the outstanding obligations to the LESSOR; 
 c) In the fulfillment of obligations contained in this
Contract which involve the performance of an act or construction of a certain work or an obligation to do and not to do, the LESSEE may cure or remedy any breach or failure to comply within thirty (30) days from such breach. 
 In the event of default or breach of any of the conditions of this Contract and after the lapse of the period specified in this section, or
(i) even without such breach or default, if the LESSEE abandons the premises and the improvements thereon, or (ii) in case of non- operation for a period of one (1) month from commencement date without payment of rent, the LESSOR may,
at its absolute discretion, declare this Contract canceled or terminated, without resorting to court action, and require the LESSEE to vacate the premises. PROVIDED, however, that in case of non-operation, abandonment or illegal detainer without
prejudice to the payment of penalty for such illegal detainer, the LESSEE hereby expressly authorizes LESSOR as its duly authorized attorney-in-fact with full power and authority to padlock, break open if necessary and enter into and take possession
of the premises for the protection of its interest therein and any action taken or done therein by the LESSOR, its representatives and agents, shall not be a cause for any legal action, be it civil or criminal, by the LESSEE. Delay in recovery of
possession shall not be deemed as a waiver of the right of the LESSOR to recover possession of the premises. 
 If the LESSEE
shall be dissolved, become bankrupt, insolvent or make an assignment for the benefit of creditors of all or substantially all of its assets or file any proceeding seeking any readjustment, arrangement, postponement or condonation or reduction of
LESSEE’s debts, liabilities, or obligations, the LESSOR, at its sole option, may terminate this lease or require the LESSEE to deposit, within ten (10) days after receipt of written notice, six (6) months’ Rent as additional
Security Deposit plus the amount equivalent to the six (6) months utility charges and management dues. In the latter case, if the LESSEE fails to comply with its obligation to give additional Security Deposit and the amount equivalent to six
(6) months utility charges and management dues on such date specified by the LESSOR, the LESSOR shall immediately terminate this lease without need of any notice to the LESSEE and the LESSEE shall be subject to payment of the termination
privilege fee for the appropriate months in which the termination occurs, as set forth in the lease, and such other unpaid charges. No penalty shall be charged in addition 
 If LESSOR shall default in the observance of any term, covenant or condition hereof and fail to remedy or commence to remedy (and diligently
pursue until completion) such default within thirty (30) days after receipt of notice from LESSEE, LESSEE may, but shall not be obligated, to cure such default and to deduct the costs and expenses thereof from the Rent due hereunder, unless
such failure cannot with due diligence be cured within a period of thirty (30) days, in which case, such failure shall not be deemed a default hereunder if LESSOR proceeds promptly and with due diligence to cure such failure and diligently
completes the curing thereof within a reasonable time. Should LESSOR breach any of the Imperative Service Levels under this lease and fails to cure such breach within 72 hours, at LESSEE’s option, LESSEE may immediately terminate this Lease
without additional obligation other than for damage to the premises as set forth above, or obtain replacement services at LESSOR’s sole expense. 
 Default shall automatically take place upon the failure of the defaulting party to pay or perform any of its obligations during the time fixed herein for the payment or performance of such obligation
without necessity of demand or, if no time is fixed, after ten (10) days from receipt of notice or demand from the LESSOR. So that in the event that the defaulting party has not performed its corresponding obligation under the Contract or other
rules and regulations within the period specified herein, and thus became in default, the non-defaulting part shall have the option to terminate this lease, in addition to the remedies afforded to the non-defaulting party under the Contract. For
purposes of default where demand or notice is required of the non-defaulting party, the parties hereby expressly agree that notice addressed to the defaulting party delivered at its office in the leased premises or at the address stated in this
Contract shall be considered as sufficient compliance of the requirement of notice or demand. 

 The acceptance by the LESSOR of arrears in rent or the penalty for late payment, or
extensions of payment shall not by itself be deemed a waiver by the LESSOR of any breach by the LESSEE of any covenant or condition contained in this Contract. Likewise, the acceptance of payment or performance of one or more obligations by the
defaulting party shall not be deemed a waiver by the non-defaulting party of any breach by the defaulting party of any other covenant or conditions contained herein. Silence on the part of the non-defaulting party shall not also be considered as
condonation or waiver of any breach or default by the defaulting party of any covenant or condition of this Contract. 
 No
waiver by the non-defaulting party of any of its rights under this Contract shall be deemed to have been made unless expressed in writing and signed by the non-defaulting party. 
 In case of cancellation or termination of this Contract due to default or breach of its terms, the defaulting party shall pay all reasonable
attorney’s fees, costs and expenses of litigation that may be incurred by the non-defaulting party in enforcing its rights under this Contract or any of its provisions, as well as in the collection of all unpaid rents, fees, charges, taxes,
assessments and reimbursements which the non-defaulting party may be entitled to.” 
  

	26)	The following shall be added to Article 33: 

 “33. OTHER PROVISIONS 
 a. no change 
 b. no change 
 c.
no change 
 d. Mutual Indemnification. LESSEE shall indemnify, defend and hold harmless (“Indemnify”) LESSOR from all
third-party claims, liability or costs due to the default, work, gross negligence, acts or omissions of LESSEE, its agents, employees or visitors. Likewise, LESSOR shall Indemnify LESSEE from all third-party claims, liability or costs due to the
default, work, or gross negligence, acts or omissions of LESSOR, its agents, employees or visitors. 
 e. The LESSOR undertakes
to provide the LESSEE back up power supply through generator set in the event of power interruption. Subject to force majeure, in case the LESSOR fails to provide the LESSEE back up power supply for a continuous period of three (3) days from
the time the power interruption occurred, the LESSEE shall be entitled to terminate this lease.” 

 Exhibit A 
 ROBINSONS CYBERGATE PLAZA 
 CUSA COVERAGE 
  

					
	 ITEM NO.
	  	 PARTICULARS
	  	 INCLUSIONS

			
	I.	  	POWER, LIGHT & WATER	  	Covers Power and water of common areas such as parking, ground, floor lobbies, equipment rooms, perimeter lighting, etc.
			
	II.	  	MANAGEMENT FEES	  	Covers building Administration staff
			
	III.	  	CONTRACTED SERVICES	  	3rd party contractors hired by RLC
			
		  	Security Services	  	Covers officers/duty guards
			
		  	Janitorial Services	  	Covers regular cleaning of common areas such as lobbies, elevators, common toilets, parking areas, fire exits, etc.
			
		  	Receptionist	  	Covers receptionist/s
			
		  	Technicians	  	Covers Operations and PM technicians
			
		  	Pest Control	  	Pest control on common areas
			
		  	Garbage Hauling	  	Daily garbage collection by service provider
			
	IV.	  	POSTAGE/TELEPHONE/MAILS	  	Building administrative expense like office telephone service and cellphones, mailing of billings etc.
			
	V.	  	INSURANCE	  	Yearly Fire Insurance and General Public Liability Insurance
			
	VI.	  	REPAIRS & MAINTENANCE	  	
			
		  	PM Supplies & Stocks	  	
			
		  	Electrical	  	Incidental items used by Operations Technician for electrical use
			
		  	Mechanical	  	Incidental items used by Operations Technician for Mechanical use
			
		  	Plumbing/Civil	  	Incidental items used by Operations Technician for plumbing and civil uses
			
		  	Electrical PM	  	
			
		  	Busduct Retightening/Scanning	  	Done annually usually during Holy Week
			
		  	Switch Gear/ Substation	  	Done annually usually during Holy Week
			
		  	Synchronization Panels	  	Done annually usually during Holy Week
			
		  	BMS Maintenance	  	Quarterly Preventive Maintenance of Building Management
			
		  	FDAS Maintenance	  	System(BMS) Quarterly Preventive Maintenance of Fire Detection and Alarm System (FDAS)
			
		  	Mechanical PM	  	
			
		  	Elevator Maintenance	  	Monthly preventive maintenance work by Service Contractor
			
		  	Aircon - VRV System	  	Quarterly cleaning of aircon units at Office Units
			
		  	Genset Parts & Fuel	  	Incidental items for replacement and regular stock of Diesel Fuel for Gensets.

					
		  	Elevator Parts Contingencies	  	Stock parts for replacement of defective parts
			
		  	Aircon Parts Contingencies	  	Stock parts for replacement of defective parts
		  		  	
		  	Fire Pump System	  	Annual preventive maintenance work of Fire Pump System
		  		  	
		  	Other PM	  	
		  		  	
		  	Window Cleaning	  	Every other year
		  		  	
		  	STP Water Analysis	  	Test water samples as required by DENR
		  		  	
		  	Chemicals for STP /Lubricants	  	Covers expenses on chlorines, caustic sodas and lubricants of Sewerage Treatment Plant (STP)
		  		  	
		  	Cistern & Elevated Tank Cleaning	  	Done twice a year
		  		  	
		  	Other Parts Contingencies	  	Covers others not included in the above expenses
		  		  	
	VII.	  	SUPPLIES	  	Office supplies of Building Administration
		  		  	
	VIII.	  	REPRESENTATION	  	Includes representation expenses for such activities like Annual Fire Drills, Bomb Threat drills and other expenses related with Government Agencies
		  		  	
	IX.	  	TRAVEL & TRANSPORTATION	  	Covers transportation expense by staff in relation to their functions
		  		  	
	X.	  	MISCELLANEOUS	  	Cover expenses related to staff including trainings and seminars
		  		  	
	XI.	  	CONTIGENCIES	  	Provides additional budget for repair and replacement of incidental items not covered in detailed budget

 Note: In a single tenancy office floor wherein the tenant is given by BUILDING MANAGEMENT an exclusive right to the common comfort rooms, lobbies and
hallways on the floor, the tenant shall be fully responsible for the maintenance, cleaning and sanitation of the said areas. 
 IMPERATIVE SERVICES 
 Throughout the Lease Period, Lessor shall provide through a third party property management firm properly
trained engineering/operational support employees (the “Building Management Team”) who will be available 24 hours a day. The Building Management Team will be located either at the building; provided that if the Building Management Team (or
any portion of the team) is not located at the building, Lessor shall use its best efforts to provide the Building Management Team with such communication and back-up support as is necessary to ensure a response time of approximately 15 minutes or
less, subject to force majeure events. The Building Management Team shall be trained with regard to the general operation of the building including Lessor’s back-up power systems (including operation of all generators and related systems), A/C
systems, life safety and security systems and the interaction of such systems with Lessee’s internal systems. The Building Management Team shall establish and maintain an escalation contact list for engineering and operational issues which
cannot be addressed by the team within prescribed time periods and such contact list shall be available to the Building Management Team and Lessee at all times. The Building Management Team shall be available to assist Lessee with occupancy issues
that arise after Regular Office Hours and holidays (such as, but not limited to, maintenance trouble-shooting, back-up power operations, life safety and alarm systems, security, etc.).Second Amended and Restated 2005 Incentive Award Plan

 Exhibit 10.3 
 NEWEGG INC. 
 SECOND AMENDED AND RESTATED 2005
INCENTIVE AWARD PLAN 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 1.
	  	PURPOSES OF THE PLAN	  	1
	 2.
	  	DEFINITIONS	  	1
	 3.
	  	STOCK SUBJECT TO THE PLAN	  	5
	 4.
	  	ADMINISTRATION OF THE PLAN	  	6
	 5.
	  	ELIGIBILITY	  	7
	 6.
	  	LIMITATIONS	  	8
	 7.
	  	TERM OF PLAN	  	9
	 8.
	  	OPTIONS	  	9
	 9.
	  	STOCK APPRECIATION RIGHTS	  	12
	 10.
	  	STOCK PURCHASE RIGHTS	  	14
	 11.
	  	RESTRICTED STOCK UNITS	  	14
	 12.
	  	PERFORMANCE AWARDS	  	15
	 13.
	  	NON-TRANSFERABILITY OF AWARDS	  	16
	 14.
	  	NO RIGHTS AS STOCKHOLDERS	  	16
	 15.
	  	ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER OR ASSET SALE	  	16
	 16.
	  	TIME OF GRANTING AWARDS	  	18
	 17.
	  	AMENDMENT AND TERMINATION OF THE PLAN	  	18
	 18.
	  	STOCKHOLDER APPROVAL	  	19
	 19.
	  	INABILITY TO OBTAIN AUTHORITY	  	19
	 20.
	  	RESERVATION OF SHARES	  	19
	 21.
	  	INFORMATION TO HOLDERS AND PURCHASERS	  	19
	 22.
	  	REPURCHASE PROVISIONS	  	19
	 23.
	  	PARTICIPANT REPRESENTATIONS	  	20
	 24.
	  	CODE SECTION 409A	  	20
	 25.
	  	GOVERNING LAW	  	21
	 26.
	  	RESTRICTIONS ON SHARES	  	21
	 27.
	  	LOCK-UP AGREEMENT	  	21
	 28.
	  	BOOK ENTRY PROCEDURES	  	21
	 29.
	  	WITHHOLDING	  	21
	 30.
	  	SECURITIES LAWS	  	22
	 31.
	  	LIMITATIONS APPLICABLE TO SECTION 16 PERSONS	  	22
	 32.
	  	SEVERABILITY	  	22

  

 i 

 NEWEGG INC. 
 SECOND AMENDED AND RESTATED 
 2005 INCENTIVE AWARD
PLAN 
 1. Purposes of the Plan. The purposes of this Newegg Inc. Second Amended and Restated 2005 Incentive Award
Plan (the “Plan”) are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentives to Employees, Directors and Consultants and to promote the success of the Company’s
business. Options granted under the Plan may be Incentive Stock Options or Non-Qualified Stock Options, as determined by the Administrator at the time of grant. Stock Appreciation Rights, Stock Purchase Rights, and Restricted Stock Units may also be
granted under the Plan. The Plan amends and restates in its entirety the Newegg Inc. Second Amended and Restated 2005 Equity Incentive Plan. 
 2. Definitions. As used herein, the following definitions shall apply: 
 (a) “Acquisition” means (i) any consolidation or merger of the Company with or into any other corporation or other entity or person (other than Fred Chang, any of his Affiliates (as
defined below) and any lineal descendant of Mr. Chang, any widow or then current spouse of Mr. Chang or of any such lineal descendant, a trust established principally for the benefit of any of the foregoing, any entity which is at least
forty percent (40%) beneficially owned by any of the foregoing, and the executor, administrator or personal representative of the estate of any of the foregoing (Fred Chang, his Affiliates and any one or more of the foregoing being sometimes
hereinafter referred to as the “Chang Group”)) in which the stockholders of the Company prior to such consolidation or merger own, directly or indirectly, less than fifty percent (50%) of the continuing or surviving entity’s
voting power immediately after such consolidation or merger, excluding any consolidation or merger effected exclusively to change the domicile of the Company; or (ii) a sale or other disposition of capital stock of the Company holding at least
a majority of the Company’s voting power or a sale or other disposition of all or substantially all of the assets of the Company, in each case to any entity or person other than the Chang Group. For purposes of this Agreement, the term
“Affiliate” shall mean any partnership, corporation, firm, joint venture, association, trust, unincorporated organization or other entity that, directly or indirectly through one or more intermediaries, is controlled by Mr. Chang or
any other member of the Chang Group, where the term “controlled by” means the possession, direct or indirect, of the power to cause the direction of the management and policies of such entity, whether through the ownership of voting
interests or voting securities, as the case may be, by contract or otherwise. 
 (b)
“Administrator” means the Board or the Committee, as applicable, responsible for conducting the general administration of the Plan in accordance with Section 4 hereof; provided, however, that in the case of the
administration of the Plan with respect to awards granted to Independent Directors, the term “Administrator” shall refer to the Board. 
 (c) “Applicable Laws” means the requirements relating to the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any
stock exchange or quotation system on which the Class A Common Stock is listed

 
or quoted and the applicable laws of any foreign country or jurisdiction where Awards are granted under the Plan. 
 (d) “Award” means an Option, a Stock Appreciation Right, a Stock Purchase Right, or a Restricted Stock Unit
granted to a Service Provider under the Plan. The Committee, in its discretion, may determine that any Award granted hereunder shall be a Performance Award. 
 (e) “Award Agreement” means an Option Agreement, a Stock Appreciation Rights Agreement, a Restricted Stock
Purchase Agreement, or a Restricted Stock Unit Agreement. 
 (f) “Board” means the Board of
Directors of the Company. 
 (g) “Cause,” with respect to any Holder, means “Cause” as
defined in such Holder’s employment agreement with the Company if such an agreement exists and contains a definition of Cause, or, if no such agreement exists or such agreement does not contain a definition of Cause, then Cause means
(i) the Holder’s unauthorized use or disclosure of confidential information or trade secrets of the Company; (ii) the Holder’s conviction of, or the entry of a plea of guilty or nolo contendere by the Holder to, a felony under
the laws of the United States or any state thereof or a crime involving moral turpitude; (iii) the Holder’s gross negligence or willful misconduct or the Holder’s continued failure to perform assigned duties; or (iv) an act of
fraud or dishonesty committed by the Holder against the Company. 
 (h) “Code” means the
Internal Revenue Code of 1986, as amended, or any successor statute or statutes thereto. Reference to any particular section of the Code shall include any successor section or amendment. 
 (i) “Committee” means a committee appointed by the Board in accordance with Section 4 hereof.

 (j) “Class A Common Stock” means the Class A Common Stock, $0.001 par value per share,
of the Company. 
 (k) “Company” means Newegg Inc., a Delaware corporation. 
 (l) “Consultant” means any consultant or advisor if: (i) the consultant or adviser renders bona fide
services to the Company or any Parent or Subsidiary of the Company; (ii) the services rendered by the consultant or advisor are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or
indirectly promote or maintain a market for the Company’s securities; and (iii) the consultant or advisor is a natural person who has contracted directly with the Company or any Parent or Subsidiary of the Company to render such services.

 (m) “Director” means a member of the Board. 
 (n) “Disability” shall mean a total and permanent disability within the meaning of Section 22(e)(3) of
the Code. 
  

 2 

 (o) “Effective Date” means the date on which the Plan is
approved by the Company’s stockholders pursuant to Section 16 hereof. 
 (p)
“Employee” means any person, including an Officer or Director, who is an employee (as defined in accordance with Section 3401(c) of the Code) of the Company or any Parent or Subsidiary of the Company. An individual shall not
cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. For purposes of Incentive
Stock Options, no such leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. Neither service as a Director nor payment of a director’s fee by the Company shall
be sufficient, by itself, to constitute “employment” by the Company. 
 (q) “Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. Reference to any particular section of the Exchange Act shall include any successor section. 
 (r) “Fair Market Value” means, as of any given date, the value of a share of Class A Common Stock
determined as follows: 
 (i) If the Class A Common Stock is listed on any established stock exchange or a
national market system, the Fair Market Value shall be the closing sales price for a share of such stock as quoted on such exchange or system for such date, or if no sale occurred on such date, the first trading date immediately prior to such date
during which a sale occurred, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the Class A Common Stock is regularly quoted by a recognized securities dealer or on a national market or other quotation system (including, without limitation, The PORTAL Alliance or any
similar trading system or platform), the Fair Market Value shall be the last sales price on such date, or if no sales occurred on such date, then on the first date immediately prior to such date on which a sale occurred; or 
 (iii) In the absence of an established market for the Class A Common Stock, the Fair Market Value shall be determined in
good faith by the Administrator. 
 (s) “Holder” means a person who has been granted or awarded
an Award or who holds Shares acquired pursuant to the exercise or settlement of an Award. 
 (t)
“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and which is designated as an Incentive Stock Option by the Administrator. 
 (u) “Independent Director” means a Director who is not an Employee of the Company. 
 (v) “Non-Qualified Stock Option” means an Option (or portion thereof) that is not designated as an Incentive
Stock Option by the Administrator, or which is designated as an

  

 3 

 
Incentive Stock Option by the Administrator but fails to qualify as an incentive stock option within the meaning of Section 422 of the Code. 
 (w) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the
Exchange Act and the rules and regulations promulgated thereunder. 
 (x) “Option” means a stock
option granted pursuant to Section 8 hereof. 
 (y) “Option Agreement” means a written
agreement between the Company and a Holder evidencing the terms and conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 
 (z) “Parent” means any corporation, whether now or hereafter existing (other than the Company), in an
unbroken chain of corporations ending with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing more than fifty percent of the total combined voting power of all classes of stock in one
of the other corporations in such chain. 
 (aa) “Performance Award” means an Award the grant,
issuance, retention, vesting and/or settlement of which is subject to satisfaction of one or more of the Qualifying Performance Criteria specified in Section 12. 
 (bb) “Plan” means the Newegg Inc. Second Amended and Restated 2005 Incentive Award Plan, and as it may be
amended from time to time. 
 (cc) “Public Trading Date” means the first date upon which
Class A Common Stock of the Company is listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer
quotation system; provided, however, that the “Public Trading Date” shall not include the listing or trading of the Class A Common Stock on The PORTAL Alliance or any similar trading system or platform. 
 (dd) “Restricted Stock” means Shares acquired pursuant to the exercise of an unvested Option in accordance
with Section 8(l) hereof or pursuant to a Stock Purchase Right granted under Section 10 hereof. 
 (ee)
“Restricted Stock Purchase Agreement” means a written agreement between the Company and a Holder evidencing the terms and conditions of the issuance of Restricted Stock. The Restricted Stock Purchase Agreement is subject to the
terms and conditions of the Plan. 
 (ff) “Restricted Stock Unit” means a right to receive
shares of Class A Common Stock which is granted pursuant to the terms and conditions of Section 11 hereof. 
 (gg) “Restricted Stock Unit Agreement” means a written agreement between the Company and a Holder evidencing the terms and conditions of a Restricted Stock Unit grant. Each Restricted Stock Unit Agreement shall be subject
to the terms and conditions of the Plan. 
  

 4 

 (hh) “Rule 16b-3” means that certain Rule 16b-3 under the
Exchange Act, as such Rule may be amended from time to time. 
 (ii) “Securities Act” means the
Securities Act of 1933, as amended, or any successor statute or statutes thereto. Reference to any particular section of the Securities Act shall include any successor section. 
 (jj) “Service Provider” means an Employee, Director or Consultant. The Committee, in its sole discretion,
shall determine the effect of all matters and questions relating to an individual’s status as a Service Provider for purposes of the Plan and any Award agreement, including without limitation, the question of whether and when an individual
ceases to be a Service Provider, whether an individual ceases to be a Service Provider where the Service Provider changes status from an employee to an independent contractor or where there is a simultaneous reemployment or continuing employment,
directorship or consultancy of such individual by the Company or any Subsidiary or Parent, whether any particular leave of absence constitutes a termination of an individual’s status as a Service Provider, and whether a Termination of Service
resulted from a discharge for cause. 
 (kk) “Share” means a share of Class A Common Stock,
as adjusted in accordance with Section 15 hereof. 
 (ll) “Stock Appreciation Right” or
“SAR” means a right granted pursuant to Section 9 to receive a payment equal to the excess of the Fair Market Value of a specified number of Shares on the date the Stock Appreciation Right is exercised over the exercise price
of the Stock Appreciation Right as set forth in the applicable Stock Appreciation Rights Agreement, which per share exercise price shall not be less than the Fair Market Value of a Share on the date the Stock Appreciation Right is granted.

 (mm) “Stock Appreciation Rights Agreement” means a written agreement between the Company and
a Holder evidencing the terms and conditions of the issuance of a Stock Appreciation Right. The Stock Appreciation Rights Agreement is subject to the terms and conditions of the Plan. 
 (nn) “Stock Purchase Right” means a right to purchase Class A Common Stock pursuant to Section 10
hereof. 
 (oo) “Subsidiary” means any corporation, whether now or hereafter existing (other
than the Company), in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing more than fifty percent of the total combined voting power of
all classes of stock in one of the other corporations in such chain. 
 3. Stock Subject to the Plan. Subject to the
provisions of Section 15 hereof, the shares of stock subject to Awards granted under the Plan shall be shares of Class A Common Stock. Subject to the provisions of Section 15 hereof, the maximum aggregate number of Shares with respect
to which Awards may be granted or issued under the Plan is 14,200,000. Shares issued upon exercise of Awards may be authorized but unissued, or reacquired Class A Common Stock. Subject to the limitations of this Section 3, if an Award
expires or becomes unexercisable 
  

 5 

 
without having been exercised in full, the unpurchased or unissued Shares which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has
terminated). Subject to the limitations of this Section 3, Shares which are delivered by the Holder or withheld by the Company upon the exercise of an Award under the Plan, in payment of the exercise price thereof or tax withholding thereon,
may again be optioned, granted or awarded hereunder. If Shares of Restricted Stock are forfeited or repurchased by the Company at their original purchase price, such Shares shall become available for future grant under the Plan. Notwithstanding the
provisions of this Section 3, no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an Incentive Stock Option under Section 422 of the Code. To the extent that a
Stock Appreciation Right is exercised for, or settled in, Class A Common Stock, the full number of Shares subject to such Stock Appreciation Right shall be counted for purposes of calculating the aggregate number of Shares still available for
issuance under the Plan as set forth in this Section 3, regardless of the actual number of Shares issued upon such exercise or settlement. 
 4. Administration of the Plan. 
 (a) Administrator.
Unless and until the Board delegates administration to a Committee as set forth below, the Plan shall be administered by the Board. The Board may delegate administration of the Plan to a Committee or Committees of one or more members of the Board,
and the term “Committee” shall refer to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers
theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or
subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Notwithstanding the foregoing, however, from and after the Public Trading Date, a Committee of
the Board shall administer the Plan and the Committee shall consist solely of two or more Independent Directors each of whom is both an “outside director,” within the meaning of Section 162(m) of the Code, a “non-employee
director” within the meaning of Rule 16b-3 and an “independent director” under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded; provided, that any
action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set forth in this Section 4(a) or
otherwise provided in any charter of the Committee. Within the scope of its authority, the Board or the Committee may (i) delegate to a committee of one or more members of the Board who are not “outside directors” within the meaning
of Section 162(m) of the Code, the authority to grant awards under the Plan to eligible persons who are either (1) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be
“covered employees” at the time of recognition of income resulting from such award or (2) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a committee of
one or more members of the Board who are not “non-employee directors,” within the meaning of Rule 16b-3, the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. The
Board may abolish the Committee at any time and revest in the Board the administration of the Plan. The governance of the Committee shall be subject to the charter of the Committee as approved by the

  

 6 

 
Board. Notwithstanding the foregoing, the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Awards granted to
Independent Directors. 
 (b) Powers of the Administrator. Subject to the provisions of the Plan and the
specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its sole discretion: 
 (i) to determine the Fair Market Value; 
 (ii) to select the Service Providers to whom Awards may from time to time be granted hereunder; 
 (iii) to determine the number of Shares to be covered by each such Award granted hereunder; 
 (iv) to approve forms of agreement for use under the Plan; 
 (v) to determine the terms and conditions of any Award granted hereunder (such terms and conditions include, but are not
limited to, the exercise price, the time or times when Awards may vest or be exercised (which may be based on Qualifying Performance Criteria as set forth in Section 12), any vesting acceleration or waiver of forfeiture restrictions, and any
restriction or limitation regarding any Award or the Class A Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine); 
 (vi) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to
sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws; 
 (vii)
to amend the Plan or any Award granted under the Plan as provided in Section 17 hereof; and 
 (viii) to
construe and interpret the terms of the Plan and awards granted pursuant to the Plan and to exercise such powers and perform such acts as the Administrator deems necessary or desirable to promote the best interests of the Company which are not in
conflict with the provisions of the Plan. 
 (c) Effect of Administrator’s Decision. All decisions,
determinations and interpretations of the Administrator shall be final and binding on all Holders. 
 5. Eligibility.

 (a) Non-Qualified Stock Options, Stock Appreciation Rights, Stock Purchase Rights, and Restricted Stock Units
may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. If otherwise eligible, a Service Provider who has been granted an Award may be granted additional Awards. 
  

 7 

 (b) In order to assure the viability of awards granted to Service Providers
in foreign countries, the Administrator may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom. Moreover, the Administrator may approve such supplements to, or
amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose; provided, however, that no such
supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Sections 3 and 6(c) of the Plan. 
 6. Limitations. 
 (a) Each Option shall be designated by the
Administrator in the Option Agreement as either an Incentive Stock Option or a Non-Qualified Stock Option. However, notwithstanding such designations, to the extent that the aggregate Fair Market Value of Shares subject to a Holder’s Incentive
Stock Options and other incentive stock options granted by the Company or any “parent corporation” or “subsidiary corporation” thereof within the meaning of Section 424(e) and 424(f), respectively, of the Code, which become
exercisable for the first time during any calendar year (under all plans of the Company or any “parent corporation” or “subsidiary corporation” thereof within the meaning of Section 424(e) and 424(f), respectively, of the
Code) exceeds $100,000, such excess Options or other options shall be treated as Non-Qualified Stock Options. 
 For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares shall be determined as of the time of grant. 
 (b) Neither the Plan nor any Award shall confer upon a Service Provider any right with respect to continuing the
Holder’s employment, directorship or consulting relationship with the Company, nor shall they interfere in any way with the Holder’s right or the Company’s right to terminate such employment, directorship or consulting relationship at
any time, with or without Cause. 
 (c) The maximum number of Shares with respect to one or more Awards that may
be granted on one or more occasions to any one Service Provider during any calendar year shall be 8,000,000 (subject to adjustment as provided in Section 15 hereof); provided, however, that the foregoing limitation shall not apply prior
to the Public Trading Date and, following the Public Trading Date, the foregoing limitation shall not apply until the earliest of: (i) the first material modification of the Plan (including any increase in the number of shares reserved for
issuance under the Plan in accordance with Section 3 hereof); (ii) the issuance of all of the shares of Class A Common Stock reserved for issuance under the Plan; (iii) the expiration of the Plan; (iv) the first meeting of
stockholders at which Directors of the Company are to be elected that occurs after the close of the third calendar year following the calendar year in which occurred the first registration of an equity security of the Company under Section 12
of the Exchange Act; or (v) such other date required by Section 162(m) of the Code and the rules and regulations promulgated thereunder. 
  

 8 

 7. Term of Plan. The Second Amended and Restated Plan shall become effective on the
Effective Date and shall continue in effect until it is terminated under Section 17 hereof. No Awards may be issued under the Plan after the tenth (10th) anniversary of the date upon which the Newegg, Inc. 2005 Equity Incentive Plan was
originally adopted by the Board. 
 8. Options. The Administrator is authorized to grant Options to eligible individuals
on the following terms and conditions: 
 (a) Term of Option. The term of each Option shall be stated in
the Option Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Holder who, at the time the Option is granted, owns (or is
treated as owning under Section 424 of the Code) stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any “parent corporation” or “subsidiary corporation” thereof
within the meaning of Section 424(e) and 424(f), respectively, of the Code, the term of the Option shall be no more than five (5) years from the date of grant or such shorter term as may be provided in the Option Agreement. 
 (b) Exercise Price. The per share exercise price for the Shares to be issued upon exercise of an Option shall not be
less than 100% of the Fair Market Value on the date of grant (or, in the case of an Incentive Stock Option granted to a Service Provider who, at the time of grant of such Option, owns stock representing more than 10% of the voting power of all
classes of stock of the Company or any “parent corporation” or “subsidiary corporation” thereof within the meaning of Section 424(e) and 424(f), respectively, of the Code, the per share exercise price shall not be less than
110% of the Fair Market Value on the date of grant). Notwithstanding the foregoing, Options may be granted with a per share exercise price other than as required above pursuant to a merger or other corporate transaction. 
 (c) Consideration. The consideration to be paid for the Shares to be issued upon exercise of an Option, including the
method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). Such consideration may consist of (1) cash, (2) check, (3) with the consent of the
Administrator, a full recourse promissory note bearing interest (at no less than such rate as shall then preclude the imputation of interest under the Code) and payable upon such terms as may be prescribed by the Administrator, (4) with the
consent of the Administrator, other Shares which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised, (5) with the consent of the Administrator,
surrendered Shares then issuable upon exercise of the Option having a Fair Market Value on the date of exercise equal to the aggregate exercise price of the Option or exercised portion thereof, (6) with the consent of the Administrator,
property of any kind which constitutes good and valuable consideration, (7) with the consent of the Administrator, delivery of a notice that the Holder has placed a market sell order with a broker with respect to Shares then issuable upon
exercise of the Options and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price, provided, that payment of such proceeds is then made to the
Company upon settlement of such sale, or (8) with the consent of the Administrator, any combination of the foregoing methods of payment. Notwithstanding any other provision of the Plan to the contrary, after the Public Trading Date,

  

 9 

 
no Holder who is a Director or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an
Option, or continue any extension of credit with respect to the exercise price of an Option with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 
 (d) Vesting; Fractional Exercises. Options granted hereunder shall be vested and exercisable according to the terms
hereof at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. An Option may not be exercised for a fraction of a Share. 
 (e) Deliveries upon Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all
of the following to the Secretary of the Company or his or her office: 
 (i) A written or electronic notice
complying with the applicable rules established by the Administrator stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the
Option; 
 (ii) Such representations and documents as the Administrator, in its sole discretion, deems necessary
or advisable to effect compliance with Applicable Laws. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance, including, without limitation, placing legends on share
certificates and issuing stop transfer notices to agents and registrars; 
 (iii) Upon the exercise of all or a
portion of an unvested Option pursuant to Section 8(l) below, a Restricted Stock Purchase Agreement in a form determined by the Administrator and signed by the Holder or other person then entitled to exercise the Option or such portion of the
Option; and 
 (iv) In the event that the Option shall be exercised pursuant to Section 8(j) below by any
person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option. 
 (f) Conditions to Delivery of Share Certificates. The Company shall not be required to issue or deliver any certificate or certificates or make any book entries for Shares purchased upon the
exercise of any Option or portion thereof prior to fulfillment of all of the following conditions: 
 (i) The
admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; 
 (ii)
The completion of any registration or other qualification of such Shares under any state or federal law, or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body which the Administrator
shall, in its sole discretion, deem necessary or advisable; 
  

 10 

 (iii) The obtaining of any approval or other clearance from any domestic or
foreign governmental agency which the Administrator shall, in its sole discretion, determine to be necessary or advisable; and 
 (iv) The receipt by the Company of full payment for such Shares, including payment of any applicable withholding tax, which in the sole discretion of the Administrator may be in the form of consideration
used by the Holder to pay for such Shares under Section 8(c) hereof, subject to Section 29 hereof. 
 (g) Termination of Relationship as a Service Provider. If a Holder ceases to be a Service Provider other than by reason of a termination by the Company for Cause or the Holder’s Disability or death, such Holder may exercise his
or her Option within such period of time as is specified in the Option Agreement to the extent that the Option is vested as of the date of termination; provided, however, that prior to the Public Trading Date, such period of time shall
not be less than thirty (30) days (but in no event later than the expiration of the term of the Option as set forth in the Option Agreement). In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for
ninety (90) days following the date of the Holder’s termination. If, as of the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately cease
to be issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise his or her Option within the time period specified herein, the Option shall terminate, and the Shares
covered by such Option shall again become available for issuance under the Plan. 
 (h) Termination for
Cause. If a Holder ceases to be a Service Provider by reason of a termination by the Company for Cause, the Option shall terminate upon the date of the Holder’s termination by the Company for Cause, regardless of whether the Option is then
vested and/or exercisable with respect to any Shares. 
 (i) Disability of Holder. If a Holder ceases to
be a Service Provider as a result of the Holder’s Disability, the Holder may exercise his or her Option within such period of time as is specified in the Option Agreement to the extent that the Option is vested as of the date of termination;
provided, however, that prior to the Public Trading Date, such period of time shall not be less than six (6) months (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement). In the
absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the date of the Holder’s termination. In the case of an Incentive Stock Option, if such Disability is not a
“disability” as such term is defined in Section 22(e)(3) of the Code, such Incentive Stock Option shall automatically cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Qualified Stock
Option from and after the date which is three (3) months and one (1) day following the date of such termination. If, as of the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall immediately cease to be issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise his or her Option within the time specified herein, the
Option shall terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 
  

 11 

 (j) Death of Holder. If a Holder dies while a Service Provider, the
Option may be exercised within such period of time as is specified in the Option Agreement to the extent that the Option is vested as of the date of death; provided, however, that prior to the Public Trading Date, such period of time
shall not be less than six (6) months (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement), by the Holder’s estate or by a person who acquires the right to exercise the Option by
bequest or inheritance, but only to the extent that the Option is vested on the date of death. In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the date of the
Holder’s termination. If, at the time of death, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately cease to be issuable under the Option and shall again become
available for issuance under the Plan. The Option may be exercised by the executor or administrator of the Holder’s estate or, if none, by the person(s) entitled to exercise the Option under the Holder’s will or the laws of descent or
distribution. If the Option is not so exercised within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 
 (k) Extension of Exercisability. The Administrator may provide in a Holder’s Option Agreement that if the
exercise of the Option following the termination of the Holder’s status as a Service Provider or the Holder’s tender of already-owned Shares or the sale of Shares pursuant to a “cashless exercise” in connection with such exercise
would violate applicable federal or state securities laws, then the Option shall not terminate until the earlier to occur of (i) the expiration of the term of the Option or (ii) the expiration of a period of three (3) months
immediately following the first date on which the exercise of the Option (or such tender of already-owned Shares or sale of Shares pursuant to a “cashless exercise”) would not be in violation of such securities laws, as determined by the
Administrator. 
 (l) Early Exercisability. The Administrator may provide in the terms of a Holder’s
Option Agreement that the Holder may, at any time before the Holder’s status as a Service Provider terminates, exercise the Option in whole or in part prior to the full vesting of the Option; provided, however, that subject to
Section 22 hereof, Shares acquired upon exercise of an Option which has not fully vested may be subject to any forfeiture, transfer or other restrictions as the Administrator may determine in its sole discretion. 
 9. Stock Appreciation Rights. The Administrator is authorized to grant Stock Appreciation Rights to eligible individuals on the
following terms and conditions: 
 (a) Grant of Stock Appreciation Rights. The Administrator may, in its
sole discretion, at any time and from time to time grant Stock Appreciation Rights to any Service Provider selected by the Administrator. A Stock Appreciation Right will be evidenced by a Stock Appreciation Rights Agreement containing such terms and
conditions, not inconsistent with the Plan, as the Administrator shall approve or determine. 
 (b) Settlement
of Stock Appreciation Rights. Upon exercise of a Stock Appreciation Right, the Holder (or if applicable his or her beneficiary) will receive an amount equal to the product of: 
  

 12 

 (i) the excess of (A) the Fair Market Value of a Share on the date the
Stock Appreciation Right is exercised over (B) the per share exercise price of the Stock Appreciation Right, which exercise price shall not be less than the Fair Market Value of a Share on the date the Stock Appreciation Right was granted;
multiplied by 
 (ii) the notional number of Shares with respect to which the Stock Appreciation Right is being
exercised. 
 (c) Vesting. A Stock Appreciation Right shall vest and become exercisable at such times and
under such conditions as determined by the Administrator and set forth in the Stock Appreciation Rights Agreement. 
 (d) Exercisability. If a Holder’s employment with the Company is terminated for any reason, such Holder may, to the extent that the Stock Appreciation Right is vested as of the date of termination, exercise his or her Stock
Appreciation Right within such period of time following termination as is specified in the Stock Appreciation Rights Agreement. To the extent that the Stock Appreciation Right is not vested as of the date of termination, the Stock Appreciation Right
shall thereupon terminate and shall not thereafter vest or become exercisable. To the extent that the Holder does not exercise his or her Stock Appreciation Right within the time period specified in the Stock Appreciation Rights Agreement, the Stock
Appreciation Right shall terminate and cease to be exercisable. Unless otherwise provided in a Stock Appreciation Rights Agreement, if a Holder’s employment is terminated for Cause, the Holder shall forfeit all Stock Appreciation Rights
outstanding as of the date of such termination of employment, whether or not then vested, and such Stock Appreciation Rights shall thereupon become unexercisable. 
 (e) Term. The term of each Stock Appreciation Right shall be determined by the Administrator and set forth in the
Stock Appreciation Rights Agreement; provided, that the term shall be no more than ten (10) years from the Grant Date. 
 (f) Notice of Exercise. To the extent a Stock Appreciation Right is vested and exercisable pursuant to its terms, a Holder (or if applicable his or her beneficiary), may exercise all or any part of
the Stock Appreciation Right by delivery of an exercise notice in a form prescribed by the Administrator and in such manner as may otherwise be set forth in the Stock Appreciation Rights Agreement. 
 (g) Payment. Payment of the amount determined under subsection (b) above shall be in cash, Class A Common
Stock (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised) or a combination of both, as determined by the Administrator and set forth in the Stock Appreciation Rights Agreement. To the extent any such payment is
effected in Class A Common Stock, it shall be made subject to satisfaction of all provisions of Section 8(f) above pertaining to Options. 
  

 13 

 10. Stock Purchase Rights. The Administrator is authorized to grant Stock Purchase
Rights to eligible individuals on the following terms and conditions: 
 (a) Rights to Purchase. Stock
Purchase Rights may be issued either alone, in addition to, or in tandem with Options granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it
shall advise the offeree in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must
accept such offer. The Company may present the offer to the offeree in the form of a Restricted Stock Purchase Agreement, and the offer shall be deemed accepted upon execution of such agreement by the offeree. 
 (b) Repurchase Right. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall
provide for the forfeiture of the Shares acquired upon exercise of a Stock Purchase Right or shall grant the Company the right to repurchase Shares acquired upon exercise of a Stock Purchase Right, in each case upon the termination of the
purchaser’s status as a Service Provider for any reason. Subject to Section 22 hereof, the purchase price for Shares repurchased by the Company pursuant to such repurchase right and the rate at which such repurchase right shall lapse shall
be determined by the Administrator in its sole discretion, and shall be set forth in the Restricted Stock Purchase Agreement. 
 (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in
its sole discretion. 
 (d) Rights as a Shareholder. Once the Stock Purchase Right is exercised, the
purchaser shall have rights equivalent to those of a shareholder and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment shall be made for a dividend or
other right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 15 hereof. 
 11. Restricted Stock Units. The Administrator is authorized to grant Restricted Stock Unit Awards to eligible individuals on the following terms and conditions 
 (a) Grant of Restricted Stock Unit Agreement. Each Restricted Stock Unit Award shall be evidenced by a written
Restricted Stock Unit Agreement, which shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of a Restricted Stock Unit Agreement may change from time to time, and the terms
and conditions of separate Restricted Stock Unit Agreements need not be identical, provided, however, that each Restricted Stock Unit Agreement shall include (through incorporation of the provisions hereof by reference in the Restricted Stock
Unit Agreement or otherwise) the substance of the provisions set forth in this Section 11. 
 (b)
Consideration. At the time of grant of a Restricted Stock Unit, the Board will determine the consideration, if any, to be paid by the Service Provider upon delivery of each share of Class A Common Stock subject to the Restricted Stock
Unit. The consideration to be paid (if any) by the Service Provider for each share of Class A Common Stock subject to a

  

 14 

 
Restricted Stock Unit may be paid in any form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under Applicable Law. 
 (c) Vesting. At the time of the grant of a Restricted Stock Unit, the Board may impose such restrictions or conditions
to the vesting of the Restricted Stock Unit as it, in its sole discretion, deems appropriate. 
 (d)
Payment. A Restricted Stock Unit may be settled by the delivery of shares of Class A Common Stock, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in the
Restricted Stock Unit Agreement. 
 (e) Dividend Equivalents. Dividend equivalents may be credited
in respect of shares of Class A Common Stock covered by a Restricted Stock Unit, as determined by the Board and contained in the Restricted Stock Unit Agreement. At the sole discretion of the Board, such dividend equivalents may be converted
into additional shares of Class A Common Stock covered by the Restricted Stock Unit in such manner as determined by the Board. Any additional shares covered by the Restricted Stock Unit credited by reason of such dividend equivalents will be
subject to all the terms and conditions of the underlying Restricted Stock Unit Agreement to which they relate. 
 (f) Termination of Holder as a Service Provider. Except as otherwise provided in the applicable Restricted Stock Unit Agreement, such portion of the Restricted Stock Unit that has not vested will be forfeited upon the Holder’s
termination as a Service Provider. 
 12. Performance Awards. The Administrator, in its discretion, may determine that
any Award granted hereunder shall be a Performance Award. 
 (a) Qualifying Performance Criteria.
For purposes of this Plan, the term “Qualifying Performance Criteria” shall mean any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or
to a business unit or Subsidiary, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’
results or to a designated comparison group, in each case as specified by the Administrator in the Award: (i) cash flow, (ii) earnings per share, (iii) earnings before interest, taxes and amortization, (iv) return on equity,
(v) total stockholder return, (vi) share price performance, (vii) return on capital, (viii) return on assets or net assets, (ix) revenue, (x) income or net income, (xi) operating income or net operating income,
(xii) operating profit or net operating profit, (xiii) operating margin or profit margin, (xiv) return on operating revenue, (xv) return on invested capital, (xvi) market segment share, (xvii) product release schedules,
(xviii) new product innovation, (xix) product cost reduction through advanced technology, (xx) brand recognition/acceptance, (xxi) product ship targets, or (xxii) customer satisfaction. The Committee may appropriately adjust
any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs, (B) litigation or claim judgments or settlements, (C) the
effect of changes in or provisions under tax law, accounting principles or other such laws or provisions affecting reported results, (D) accruals for

  

 15 

 
reorganization and restructuring programs and (E) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion
and analysis of financial condition and results of operations appearing in the Company’s annual report to stockholders for the applicable year. Notwithstanding satisfaction of any completion of any Qualifying Performance Criteria, to the extent
specified at the time of grant of an Award, the number of Shares, Option, a Stock Appreciation Right, a Stock Purchase Right, a Restricted Stock Unit or other benefits granted, issued, retainable and/or vested under an Award on account of
satisfaction of such Qualifying Performance Criteria may be reduced by the Administrator on the basis of such further considerations as the Administrator in its sole discretion shall determine. 
 13. Non-Transferability of Awards. Except as set forth in this Section 13, Awards may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Holder, only by the Holder. The Administrator, in its sole discretion, may
determine to permit a Holder to transfer an Award other than an Incentive Stock Option to any one or more Permitted Transferees, subject to the following terms and conditions: (i) an Award transferred to a Permitted Transferee shall not be
assignable or transferable by the Permitted Transferee other than by will or the laws of descent and distribution; (ii) an Award transferred to a Permitted Transferee shall continue to be subject to all the terms and conditions of the Award as
applicable to the original Holder (other than the ability to further transfer the Award); and (iii) the Holder and the Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation
documents to (A) confirm the status of the transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under applicable federal, state and foreign securities laws and (C) evidence the transfer.
For purposes of the Plan, “Permitted Transferee” shall mean, with respect to a Holder, any “family member” of the Holder, as defined under the instructions to use of the Form S-8 Registration Statement under the Securities
Act, after taking into account any state, federal, local or foreign tax and securities laws applicable to transferable Awards. 
 14. No Rights as Stockholders. Holders shall not be, nor have any of the rights or privileges of, stockholders of the Company in respect of any shares covered by any Award unless and until certificates representing such shares have
been issued by the Company to such Holders or recorded in book entry form. 
 15. Adjustments upon Changes in Capitalization,
Merger or Asset Sale. 
 (a) In the event that any dividend or other distribution (whether in the form of
cash, Class A Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, liquidation,
dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Class A Common Stock or other securities of the Company, issuance of warrants or other rights to purchase
Class A Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Administrator’s sole discretion, affects the Class A Common Stock such that an adjustment is appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under the Plan or with respect to any Award, then the Administrator shall adjust any or all of: 
  

 16 

 (i) the number and kind of shares of Class A Common Stock (or other
securities or property) with respect to which Awards may be granted or awarded (including, but not limited to, adjustments of the limitations in Section 3 hereof on the maximum number and kind of shares which may be issued and adjustments of
the maximum number of Shares with respect to which Awards may be issued to any Holder in any calendar year pursuant to Section 6(c) hereof); 
 (ii) the number and kind of shares of Class A Common Stock (or other securities or property) subject to outstanding Awards; 
 (iii) the grant or exercise price with respect to any Award; and 
 (iv) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or
criteria with respect thereto). 
 (b) In the event of any transaction or event described in subsection (a)
above, the Administrator, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event and either automatically or upon the
Holder’s request, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits
intended by the Company to be made available under the Plan or with respect to any Award granted or issued under the Plan or to facilitate such transaction or event: 
 (i) To provide for either (A)the purchase of any such Award for an amount of cash equal to the amount that could have been
obtained upon the exercise of such Award or realization of the Holder’s rights had such Award been currently exercisable or payable or fully vested (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or
event described in this Section, the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Holder’s rights, then such Award may be terminated by the Company without
payment), or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion; 
 (ii) To provide that such Award shall be exercisable as to all shares covered thereby and that some or all shares of such Restricted Stock shall cease to be subject to restrictions, notwithstanding
anything to the contrary in the Plan or the provisions of such Option or Stock Purchase Right; 
 (iii) To
provide that such Award be assumed by the successor or survivor corporation or entity, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation or
entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; 
 (iv) To make adjustments in the number and type of shares of Class A Common Stock (or other securities or property) subject to outstanding Awards, and/or in the

  

 17 

 
terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards or Awards which may be granted in the future; and 
 (v) To provide that immediately upon the consummation of such event, such Award shall not be exercisable and shall terminate;
provided, that for a specified period of time prior to such event, such Award shall be exercisable as to all Shares covered thereby, and the restrictions imposed under an applicable Option Agreement, Stock Appreciation Rights Agreement or
Restricted Stock Purchase Agreement upon some or all Shares may be terminated and, in the case of Restricted Stock, some or all shares of such Restricted Stock may cease to be subject to repurchase, notwithstanding anything to the contrary in the
Plan or the provisions of such Award. 
 (c) Subject to Section 3 hereof, the Administrator may, in its sole
discretion, include such further provisions and limitations in any Award as it may deem equitable and in the best interests of the Company. 
 (d) If the Company undergoes an Acquisition, then any surviving corporation or entity or acquiring corporation or entity, or affiliate of such corporation or entity, may assume any Awards outstanding
under the Plan or may substitute similar stock awards (including an award to acquire the same consideration paid to the stockholders in the transaction described in this subsection (d)) for those outstanding under the Plan. 
 (e) The existence of the Plan, any Option Agreement, Stock Appreciation Rights Agreement or Restricted Stock Purchase
Agreement and the Awards granted hereunder shall not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the
Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are
superior to or affect the Class A Common Stock or the rights thereof or which are convertible into or exchangeable for Class A Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of
its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 16. Time of
Granting Awards. The date of grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator. Notice of the determination
shall be given to each Service Provider to whom an Award is so granted within a reasonable time after the date of such grant. 
 17. Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may
at any time wholly or partially amend, alter, suspend or terminate the Plan. However, without approval of the Company’s stockholders holding a majority of the voting power of the Company given within twelve (12) months before or after the
action by the Board, no action of the Board may, except as provided in Section 15 hereof, (i) increase the limits imposed in Section 3 hereof on the

  

 18 

 
maximum number of Shares which may be issued under the Plan, (ii) extend the term of the Plan under Section 17 hereof, (iii) reduce the price per share of any outstanding Option or
Stock Appreciation Right granted under the Plan, or (iv) cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or Stock Appreciation Right price per share exceeds the Fair Market Value of the
underlying Shares. 
 (b) Stockholder Approval. The Board shall obtain stockholder approval of any Plan
amendment to the extent necessary and desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or
Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Holder, unless mutually agreed otherwise between the Holder and the Administrator, which agreement must be in writing and signed by the
Holder and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted or awarded under the Plan prior to the date of such termination.

 18. Stockholder Approval. The Second Amended and Restated Plan shall be submitted for the approval of the
Company’s stockholders within twelve (12) months after the date of the Board’s adoption thereof. 
 19.
Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any
Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
 20. Reservation of Shares. The Company, during the term of this Plan, shall at all times reserve and keep available such number of
Shares as shall be sufficient to satisfy the requirements of the Plan. 
 21. Information to Holders and Purchasers.
Prior to the Public Trading Date and to the extent required by applicable securities laws, the Company shall provide to each Holder and to each individual who acquires Shares pursuant to the Plan, not less frequently than annually during the period
such Holder or purchaser has one or more Awards outstanding, and, in the case of an individual who acquires Shares pursuant to the Plan, during the period such individual owns such Shares, copies of annual financial statements. Notwithstanding the
preceding sentence, the Company shall not be required to provide such statements to key persons whose duties in connection with the Company assure their access to equivalent information. 
 22. Repurchase Provisions. The Administrator in its sole discretion may provide that the Company may repurchase Shares acquired upon
exercise of an Award upon the occurrence of certain specified events, including, without limitation, a Holder’s termination as a Service Provider, divorce, bankruptcy or insolvency; provided, however, that any such repurchase right shall
be set forth in the applicable Award Agreement or in such other agreement as the Administrator may determine and, provided further, that to the extent required to comply with applicable securities laws, any such repurchase right set forth in
an Award granted prior to the Public Trading Date to a person who is not an Officer, Director or Consultant shall be upon the 
  

 19 

 
following terms: (i) if the repurchase option gives the Company the right to repurchase the shares upon termination as a Service Provider at not less than the Fair Market Value of the shares
to be purchased on the date of termination of status as a Service Provider, then (A) the right to repurchase shall be exercised for cash or cancellation of purchase money indebtedness for the shares within six months after termination of status
as a Service Provider (or in the case of shares issued upon exercise of Awards after such date of termination, within six months after the date of the exercise) and (B) the right terminates when the shares become publicly traded; and
(ii) if the repurchase option gives the Company the right to repurchase the Shares upon termination as a Service Provider at the original purchase price of such Shares, then (A) the right to repurchase at the original purchase price shall
lapse at the rate of at least twenty percent (20%) of the shares per year over five (5) years from the date the Award is granted (without respect to the date the Award was exercised or became exercisable) and (B) the right to
repurchase shall be exercised for cash or cancellation of purchase money indebtedness for the shares within six months after termination of status as a Service Provider (or, in the case of shares issued upon exercise of Awards, after such date of
termination, within six months after the date of the exercise). 
 23. Participant Representations. The Company may
require a Plan participant, as a condition to the grant or exercise of, or acquisition of stock under, any Award, (i) to give written representations satisfactory to the Company as to the participant’s knowledge and experience in financial
and business matters, and/or to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters, and to give written representations satisfactory to the Company that he
or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Award; (ii) to give written representations satisfactory to the Company stating that the participant is acquiring the
stock subject to the Award for the participant’s own account and not with any present intention of selling or otherwise distributing the stock; and (iii) to give such other written representations as are deemed necessary or appropriate by
the Company and its counsel. The foregoing requirements, and any representations given pursuant to such requirements, shall be inoperative if (A) the issuance of the shares upon the exercise or acquisition of stock under the applicable Award
has been registered under a then currently effective registration statement under the Securities Act or (B) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the
circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with
applicable securities laws, including, but not limited to, legends restricting the transfer of the stock. 
 24. Code
Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A of the Code, the applicable Award Agreement evidencing such Award shall incorporate the terms and conditions
required by Section 409A of the Code. To the extent applicable, the Plan and the applicable Award Agreement shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date
the Administrator determines that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as 
  

 20 

 
may be issued after the Effective Date), the Administrator may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments,
policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of
the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance and thereby avoid the application of any penalty taxes under such Section.

 25. Governing Law. The validity and enforceability of this Plan shall be governed by and construed in accordance with
the laws of the State of California without regard to otherwise governing principles of conflicts of law. 
 26. Restrictions
on Shares. Shares issued upon the exercise of an Award shall be subject to such terms and conditions as the Administrator shall determine in its sole discretion, including, without limitation, restrictions on the transferability of Shares, the
right of the Company to repurchase Shares, the right of the Company to require that Shares be transferred in the event of certain transactions, a right of first refusal in favor of the Company with respect to permitted transfers of Shares, tag-along
rights and bring-along rights. Such terms and conditions may, in the Administrator’s sole discretion, be contained in the applicable Award Agreement, exercise notice or in such other agreement as the Administrator shall determine, in each case
in a form determined by the Administrator in its sole discretion. The issuance of such Shares shall be conditioned on the Holder’s consent to such terms and conditions or the Holder’s entering into such agreement or agreements. 

27. Lock-Up Agreement. Each Holder shall agree upon receipt of any Award that if so requested by the Company or any representative
of a lead underwriter of the Company’s securities (the “Managing Underwriter”) in connection with (a) any registration of the offering of any securities of the Company under the Securities Act or any applicable state laws,
and/or (b) any offering of securities exempt from registration under Rule 144A of the Securities Act by the Company, such Holder shall not sell or otherwise transfer any Shares or other securities of the Company during the one-year period (or
such longer period as may be requested by the Managing Underwriter or the Company) following (i) the effective date of a registration statement filed by the Company under the Securities Act, or (ii) the date of consummation of such
offering pursuant to Rule 144A. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such 180-day period. 
 28. Book Entry Procedures. Notwithstanding any other provision of the Plan, to the extent any payment of an Award is effected in
Shares, unless otherwise determined by the Administrator or required by any applicable law, rule or regulation, the Company shall not deliver to any Holder certificates evidencing such Shares and instead such Shares shall be recorded in the books of
the Company (or, as applicable, its transfer agent or stock plan administrator). 
 29. Withholding. The Company or any
Parent or Subsidiary of the Company shall have the authority and the right to deduct or withhold, or require a Plan participant to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the
participant’s employment tax obligations) required by law to be withheld with respect to any taxable event concerning a participant arising as a result of this Plan. The Administrator may in its discretion and in satisfaction of the foregoing
requirement allow a participant to elect to have 
  

 21 

 
the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other
provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the participant of such Award within six months (or such other period as may
be required by the Administrator in order to avoid adverse accounting consequences to the Company) after such Shares were acquired by the participant from the Company) in order to satisfy the participant’s federal, state, local and foreign
income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount
of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. 
 30. Securities Laws. Each Award Agreement will be subject to the condition that the applicable Award may not be exercised if the
Administrator determines that the exercise of such Award may violate the Securities Act or any other law or requirement of any governmental authority. The Company will not be deemed by any reason of the granting of any Award to have any obligation
to register the Award or Shares underlying such Award under the Securities Act or other applicable law, or to maintain in effect any registration of such Award or Shares which may be made at any time under the Securities Act or other applicable law.
With respect to any Award settled in Shares, if such Shares may in certain circumstances be exempt from registration pursuant to the Securities Act, the Company may restrict the transfer of such Shares in such manner as it deems advisable to ensure
the availability of any such exemption. 
 31. Limitations Applicable to Section 16 Persons. Notwithstanding any
other provision of the Plan, the Plan, and any Award granted or awarded to any Plan participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule
under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 under the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan and Awards granted or
awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 32.
Severability. If any provision of this Plan shall be held to be illegal, invalid or unenforceable under any applicable law, then such contravention or invalidity shall not invalidate the entire Plan and the remainder of the provisions shall
remain in full force and effect and in no way shall be affected, impaired or invalidated. Such defective provision shall be deemed to be modified to the extent necessary to render it legal, valid and enforceable, and if no such modification shall
render it legal, valid and enforceable, then this Plan shall be construed as if not containing the provision held to be invalid. 
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 *            *            * 
 I hereby certify that the Plan was duly adopted by the Board of Directors of Newegg Inc. on October 28, 2009. 
 Executed at City of Industry, California on this          day of
                        , 2010. 
  

	
	
	  
	Name: Lee Cheng
	Title: General Counsel and Secretary

 *            *            * 
 I hereby certify that the foregoing Plan was approved by the stockholders of Newegg Inc. on January 27, 2010. 
 Executed at City of Industry, California on this          day of
                    , 2010. 
  

	
	
	  
	Name: Lee Cheng
	Title:   Secretary

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