Document:

Exhibit 4.7

 

	Workday, Inc. (“Workday”)	Enrollment/Change Form
	 	 
	Amended
    and Restated 2012 Employee Stock Purchase Plan (“ESPP”)

     

    (Capitalized terms not defined in this form
    will have the meaning set forth in the ESPP.)

 

	Section 1:

     

    Enroll

     

     

     

     

     

     

     

     

      
	I hereby elect to participate in the ESPP,
    effective at the beginning of the next Offering Period. I elect to purchase shares of the Common Stock of Workday subject to the
    terms and conditions of the ESPP and this Enrollment/Change Form, including any applicable provisions in the Appendices attached
    hereto (together, the “Enrollment/Change Form”). I understand that shares of Common Stock purchased on my behalf will
    be issued in street name and deposited directly into my brokerage account with E*TRADE Securities LLC or its affiliates (“E*TRADE”).
    I hereby agree to take all steps, and agree to and submit all forms, required to establish an account with E*TRADE for this purpose.
    I understand that if I am a U.S. taxpayer, I must notify Workday of any disposition of shares of Common Stock purchased under
    the ESPP.

     

    My participation will continue as long as
    I remain eligible, unless I withdraw from the ESPP by filing a new Enrollment/Change Form with Workday prior to the last 15
    days of an Offering Period. I acknowledge that I may freely withdraw from participation in the ESPP and receive a full refund of
    all voluntary contributions I have made under the ESPP provided that I withdraw prior to the last 15 days of an Offering Period.

     

 

    	 	1	 

     

    

 

	Section 2:

     

    Elect Contribution Percentage

     

     

     

     

     

     

     

     

     

     

     

     
	I acknowledge that the ESPP is a voluntary
    plan and any payroll deduction election by me is made on an entirely voluntary basis. I hereby authorize Workday or, if different,
    my employer (the “Employer”) to withhold from each of my paychecks __% of my Compensation (as defined in the ESPP) paid
    during such Offering Period as long as I continue to participate in the ESPP or otherwise instruct Workday by filing a subsequent
    Enrollment/Change Form. If payroll deductions are not available in my country, then I represent I will be making my contribution
    in the manner designated by Workday. That amount will be applied to the purchase of shares of Workday’s Common Stock pursuant
    to the ESPP. Furthermore, I acknowledge that applicable law (including, but not limited to, minimum salary and minimum subsistence
    level requirements) may limit the percentage of payroll deductions I am able to contribute to the ESPP, and Workday will lower my
    elected percentage of contribution if such election results in an amount of overall deductions from payroll that is greater than
    the amount permitted under applicable law, as determined by Workday in its sole discretion. If I am paid in a currency other than
    U.S. dollars, my contributions will be converted into U.S. dollars prior to the purchase of the Common Stock. The percentage
    must be a whole number (from 1%, up to a maximum of 15%).

     

    Upon request of Workday or my Employer, I
    agree to execute a power of attorney and any other agreement or consent that may be required to authorize payroll deductions in accordance
    with applicable law and/or enable the Employer, any other Subsidiary, or any third party designated by the Employer or Workday to
    remit accumulated payroll deductions from my country to the U.S. for the purchase of shares of Common Stock. I understand that if
    I fail to execute a power of attorney or any other form of agreement or consent that is required for the authorization of payroll
    deductions or remittance of my payroll deductions, I will not be able to participate in the ESPP.

     

 

    	 	2	 

     

    

 

	Section 3:

     

    Responsibility
    for Taxes
	I acknowledge that, regardless of any action
    taken by Workday or the Employer, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax,
    payment on account or other tax-related items related to my participation in the ESPP and legally applicable to me (“Tax-Related
    Items”) is and remains my responsibility and may exceed the amount, if any, actually withheld by Workday or the Employer. I
    further acknowledge that Workday and/or the Employer (1) make no representations or undertakings regarding the treatment of
    any Tax-Related Items in connection with any aspect of the ESPP, including, but not limited to, the grant of options, the purchase
    of shares of Common Stock, the issuance of Common Stock purchased, the sale of shares of Common Stock purchased under the ESPP or
    the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant of options
    or any aspect of the ESPP to reduce or eliminate my liability for Tax-Related Items or achieve any particular tax result. Further,
    if I am subject to Tax-Related Items in more than one jurisdiction, I acknowledge that Workday and/or the Employer (or former
    employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

     

    Prior to the purchase of shares of Common
    Stock under the ESPP, I agree to make adequate arrangements satisfactory to Workday and/or the Employer to satisfy all Tax-Related
    Items. In this regard, I authorize Workday and/or the Employer to satisfy the obligations with regard to all Tax-Related Items,
    if any, by withholding from my wages or other cash compensation payable to me by Workday and/or the Employer. If the obligations
    for Tax-Related Items cannot be satisfied by withholding from my wages or other cash compensation as contemplated herein, then I
    authorize Workday and/or the Employer or their respective agents to satisfy the obligations with regard to all Tax-Related Items
    by withholding from proceeds of the sale of shares of Common Stock acquired upon exercise of the option, either through a voluntary
    sale or through a mandatory sale arranged by Workday (on my behalf pursuant to this authorization without further consent). Workday
    may withhold or account for Tax-Related Items by considering applicable statutory withholding amounts or other applicable withholding
    rates in my jurisdiction(s), including maximum rates applicable in my jurisdiction(s), in which case I may receive a refund of any
    over-withheld amount in cash and will have no entitlement to the Common Stock equivalent.

     

    Finally, I agree to pay to Workday or
    the Employer any amount of Tax-Related Items that Workday or the Employer may be required to withhold or account for as a result
    of my participation in the ESPP that cannot be satisfied by the means previously described. Workday may refuse to purchase or deliver
    the shares or the proceeds of the sale of shares of Common Stock, if I fail to comply with my obligations in connection with the
    Tax-Related Items.

     

 

    	 	3	 

     

    

 

	Section 4:

     

    Nature
    of Grant
	By enrolling and participating in the ESPP, I
    acknowledge, understand and agree that:

     

    (a) the ESPP is established voluntarily
    by Workday and it is discretionary in nature; (b) the grant of the option is exceptional, voluntary and does not create any
    contractual or other right to receive future options to purchase shares of Common Stock, or benefits in lieu of options, even if
    options have been granted in the past; (c) all decisions with respect to future options or other grants, if any, will be at
    the sole discretion of Workday; (d) the grant of the option and my participation in the ESPP will not create a right to employment
    or be interpreted as forming or amending an employment or service contract with Workday, the Employer or any Subsidiary and will
    not interfere with the ability of Workday, the Employer or any Subsidiary to terminate my employment or service relationship (if
    any); (e) I am voluntarily participating in the ESPP; (f) the ESPP and the shares of Common Stock purchased under the ESPP,
    and the income and value of same, are not intended to replace any pension rights or compensation; (g) the ESPP and the shares
    of Common Stock subject to the ESPP and the income from and value of same, are not part of normal or expected compensation for any
    purpose including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
    payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar mandatory payments; (h) the
    future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty and the value
    of the shares of Common Stock purchased under the ESPP may increase or decrease in the future, even below the purchase price; (i) no
    claim or entitlement to compensation or damages will arise as a result of my withdrawal from the ESPP or the forfeiture of the option
    under the ESPP due to (A) the application of any compensation recovery or clawback policy adopted by Workday or otherwise required
    by law, or (B) my ceasing to provide services to Workday or the Employer (for any reason whatsoever, whether or not later found
    to be invalid or in breach of employment laws in the jurisdiction where I am employed or providing services or the terms of my employment
    or service agreement, if any); (j) Workday will have sole discretion to determine whether I have ceased to provide services
    for purposes of the ESPP and the effective date on which I ceased to provide services (the “Termination Date”), as provided
    in the ESPP; for purposes of the ESPP, the Termination Date will be the date I cease to provide services to Workday or a Participating
    Corporation and, unless explicitly required by applicable legislation or determined by Workday, my period of service for purposes
    of the ESPP will not be extended by any notice period or garden leave mandated under employment laws in the jurisdiction where I
    am employed or the terms of my employment or service agreement (if any); (k) unless otherwise provided in the ESPP or by Workday
    in its discretion, the option to purchase shares of Common Stock and the benefits evidenced by this Agreement do not create any entitlement
    to have the ESPP or any such benefits granted thereunder, transferred to, or assumed by, another company nor to be exchanged, cashed
    out or substituted for, in connection with any corporate transaction affecting the shares of Workday; (l) unless otherwise agreed
    with Workday, the ESPP and the underlying shares of Common Stock, and the income from and value of same, are not granted as consideration
    for, or in connection with, the service I may provide as a director of a Subsidiary; and (m) neither Workday, the Employer nor
    any Subsidiary, will be liable for any foreign exchange rate fluctuation between my local currency and the U.S. dollar that may affect
    the value of the shares of Common Stock or any amounts due pursuant to the purchase of the shares or the subsequent sale of any shares
    of Common Stock purchased under the ESPP.

     

	Section 5:

     

    No Advice Regarding
    Grant
	Workday
    is not providing any tax, legal or financial advice, nor is Workday making any recommendations regarding my participation in the
    ESPP, or my acquisition or sale of the underlying shares of Common Stock.  I am hereby advised to consult with my own personal
    tax, legal and financial advisors regarding my participation in the ESPP before taking any action related to the ESPP.

 

    	 	4	 

     

    

 

	Section 6:

     

    Compliance
    with Law
	Notwithstanding
    any other provision of the ESPP or this Enrollment/Change Form, unless there is an available exemption from any registration, qualification
    or other legal requirement applicable to the shares of Common Stock, Workday will not be required to deliver any shares issuable
    upon purchase of shares under the ESPP prior to the completion of any registration or qualification of the shares under any U.S.
    and non-U.S. local, state, federal or foreign securities or exchange control law or under rulings or regulations of the U.S. Securities
    and Exchange Commission (“SEC”) or of any other governmental regulatory body, or prior to obtaining any approval or other
    clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval Workday will,
    in its absolute discretion, deem necessary or advisable.  I understand that Workday is under no obligation to register
    or qualify the shares with the SEC or any state or foreign securities commission or to seek approval or clearance from any governmental
    authority for the issuance or sale of the shares.  Further, I agree that Workday will have unilateral authority to
    amend the ESPP and this Enrollment/Change Form without my consent to the extent necessary to comply with securities or other
    laws applicable to issuance of shares.
	Section 7:

     

    Language
	I
    acknowledge and represent that I am proficient in the English language or that I have consulted with an advisor who is sufficiently
    proficient in English, as to allow me to understand the terms of this Enrollment/Change Form, including the Appendix and any other
    documents related to the ESPP.  If I have received this Enrollment/Change Form or any other document related to the
    ESPP translated into a language other than English and if the meaning of the translated version is different than the English version,
    the English version will control.
	Section 8:

     

    Electronic Delivery
    and Participation.
	Workday
    may, in its sole discretion, decide to deliver any documents related to current or future participation in the ESPP by electronic
    means.  I hereby consent to receive such documents by electronic delivery and agree to participate in the ESPP through
    an online or electronic system established and maintained by Workday or a third party designated by Workday.
	Section 9:

     

    Severability
	The
    provisions of this Enrollment/Change Form are severable and if any one or more provisions are determined to be illegal or otherwise
    unenforceable, in whole or in part, the remaining provisions will nevertheless be binding and enforceable.
	Section 10:

     

    Jurisdiction--Specific
    Provisions
	Notwithstanding
    any provisions in this Enrollment/Change Form, my participation in the ESPP will be subject to any special terms and conditions set
    forth in any Appendices to this Enrollment/Change Form for my jurisdiction.  Moreover, if I relocate to one of the
    jurisdiction included in the Appendices, the special terms and conditions for such jurisdiction will apply to me, to the extent Workday
    determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons.  The
    Appendices constitute part of this Enrollment/Change Form.

 

    	 	5	 

     

    

 

	Section 11:

     

    Insider Trading/Market Abuse Laws
	I
    may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including but not limited to,
    the United States and, if different, my country of residence, which may affect my ability to accept, acquire, sell or otherwise dispose
    of shares of Common Stock, rights to shares of Common Stock (e.g., the option) or rights linked to the value of shares of
    Common Stock under the ESPP during such times as I am considered to have “inside information” regarding Workday (as defined
    by the laws in the applicable jurisdictions).  Any restrictions under these laws or regulations are separate from and in
    addition to any restrictions that may be imposed under any applicable Workday insider trading policy.  Neither Workday
    nor any Subsidiary will be responsible for such restrictions or liable for the failure on my part to know and abide by such restrictions.  I
    should consult with my own personal legal advisers to ensure compliance with local laws.
	Section 12:

     

    Foreign Asset/Account
    Reporting Requirements and Exchange Controls
	I
    acknowledge that my country may have certain foreign asset and/or foreign account reporting requirements and exchange controls which
    may affect my ability to acquire or hold shares of Common Stock purchased under the ESPP or cash received from participating in the
    ESPP (including from any dividends paid on or sales proceeds arising from the sale of shares of Common Stock acquired under the ESPP)
    in a brokerage or bank account outside of my country.  I may be required to report such accounts, assets or transactions
    to the tax or other authorities in my country.  I also may be required to repatriate sale proceeds or other funds received
    as a result of my participation in the ESPP to my country through a designated bank or broker within a certain time after receipt.  I
    acknowledge that it is my responsibility to comply with such regulations, and I should consult a personal legal advisor for any details.
	Section 13:

     

    Imposition of Other
    Requirements
	Workday,
    at its option, may elect to terminate, suspend or modify the terms of the ESPP at any time, to the extent permitted by the ESPP.  I
    agree to be bound by such termination, suspension or modification regardless of whether notice is given to me of such event, subject
    in any case to my right to timely withdraw from the ESPP in accordance with the ESPP withdrawal procedures then in effect.  In
    addition, Workday reserves the right to impose other requirements on my participation in the ESPP, on any shares of Common Stock
    purchased under the ESPP, to the extent Workday determines it is necessary or advisable for legal or administrative reasons, and
    to require me to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
	Section 14:

     

    Governing Law and Venue
	The interpretation, performance and enforcement
    of this Enrollment/Change Form will be governed by the laws of the State of Delaware without resort to that State’s conflict-of-laws
    rules.

     

    Any and all disputes relating to, concerning
    or arising from this Enrollment/Change Form, or relating to, concerning or arising from the relationship between the parties evidenced
    by the ESPP or this Enrollment/Change Form, will be brought and heard exclusively in the United States District Court for the District
    of Delaware or the Delaware Superior Court, New Castle County. Each of the parties hereby represents and agrees that such party is
    subject to the personal jurisdiction of said courts; hereby irrevocably consents to the jurisdiction of such courts in any legal
    or equitable proceedings related to, concerning or arising from such dispute, and waives, to the fullest extent permitted by law,
    any objection which such party may now or hereafter have that the laying of the venue of any legal or equitable proceedings related
    to, concerning or arising from such dispute which is brought in such courts is improper or that such proceedings have been brought
    in an inconvenient forum.

 

    	 	6	 

     

    

 

	Section 15:

     

    Waiver 
	I
    acknowledge that a waiver by Workday of breach of any provision of this Enrollment/Change Form will not operate or be construed
    as a waiver of any other provision of this Enrollment/Change Form or of any subsequent breach by me or any other Participant.
	Section 16:

     

    Acknowledgment and Signature
	I
    understand that this Enrollment/Change Form will remain in effect throughout successive offering periods unless terminated by
    me or I become ineligible to participate in the ESPP.

     

    I
    acknowledge that I have access to a copy of the ESPP and of the Prospectus (which summarizes the major features of the ESPP). I have
    read the ESPP and the Prospectus and my signature below (or my clicking on the Accept box if this is an electronic form) indicates
    that I hereby agree to be bound by the terms of the ESPP and this Enrollment/Change Form, including the Appendices.

     

    Further, I
    understand that, at its discretion and to the extent permitted by the ESPP, Workday may amend the ESPP and/or this Enrollment/Change
    Form, and by continuing to participate in the ESPP, and without the need to provide affirmative consent, I agree to the terms
    and conditions of the amended ESPP and/or Enrollment/Change Form.

     

    Signature: __________________________________________           Date:
    ____________________________

 

    	 	7	 

     

    

 

APPENDIX A

 

WORKDAY, INC. 2012 EMPLOYEE STOCK PURCHASE
PLAN

 

ENROLLMENT/CHANGE
FORM

 

DATA PRIVACY PROVISIONS FOR EMPLOYEES OUTSIDE
THE U.S.

 

PART 1 - EUROPEAN
UNION, EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data
Privacy Notice.

 

(a)             Data
Collection and Usage. Workday and any Participating Corporation, including the Employer, may control, collect, process and use certain
information, including, but not limited to, my name, home address and telephone number, email address, date of birth, social insurance,
passport or other identification number, salary, nationality, job title, any shares or directorships held in Workday, details of all
options to purchase shares of Common Stock or any other entitlement to shares of Common Stock or equivalent benefits awarded, canceled,
exercised, vested, unvested or outstanding in my favor, for the purposes of implementing, administering and managing the ESPP. Processing
of personal data for ESPP purposes will be necessary for the performance of the Enrollment / Change Form or in the legitimate interests
of Workday, any Participating Corporation, including the Employer, or a third party which are not overridden by my privacy rights, interests
or freedoms on balance.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers relevant ESPP information, including my personal data to E*Trade Financial
Corporate Services, Inc. and E*Trade Securities LLC (collectively, “E*Trade”), an independent service provider based
in the United States, which is assisting Workday with the implementation, administration and management of the ESPP. Workday may select
a different service provider or additional service providers and share information including personal data with such other provider(s) serving
in a similar manner. I may be asked to agree on separate terms or acknowledge data processing practices with the service provider, with
such agreement or practice being a condition to the ability to participate in the ESPP.

 

(c)            International
Data Transfers. Workday, E*Trade and relevant service providers are based in the United States. Personal data will be processed in
the United States and other international locations in connection with global operations from time to time. My jurisdiction may have
different data privacy laws. To protect data privacy rights, Workday maintains a program to implement international data transfer safeguards,
this may include entering approved standard contractual clauses with data importers where required by my local jurisdiction laws.

 

(d)            Data
Retention. Personal data will be processed only as long as is necessary to implement, administer and manage my participation in the
ESPP, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor laws.
This period may extend beyond when my employment or service terminates. When Workday no longer needs personal data, Workday will remove
it from its systems to the fullest extent reasonably practicable. If Workday keeps personal data longer, it would be to satisfy legal
or regulatory obligations and Workday’s legal basis, where required, would include the relevant laws or regulations.

 

    	 	8	 

     

    

 

(e)            Data
Subject Rights. I may have a number of rights under data privacy laws in my jurisdiction. Depending on where I am based and relevant
data privacy laws regulating the processing activity, such rights may include the right to (i) request access or copies of personal
data Workday processes, including a summary of processing activities and recipient categories, (ii) rectification, (iii) deletion
or erasure, (iv) restrictions on processing, (v) portability and/or (vi) lodge complaints with competent authorities in
my jurisdiction. To receive clarification regarding this data privacy notice, these rights or to exercise applicable rights in relation
to the personal data processed by Workday, I can make an electronic request via Workday’ Privacy Portal or write to the office
address specified in Workday’s Employment Privacy Statement.

 

(f)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

PART 2 - COUNTRIES OUTSIDE THE EUROPEAN
UNION, EUROPEAN ECONOMIC AREA, SWITZERLAND AND UNITED KINGDOM

 

Data
Privacy Notice and Consent.

 

(a)            Data
Collection and Usage. Workday and any Participating Corporation, including the Employer, may collect, process and use certain personal
information about me, including, but not limited to, my name, home address and telephone number, email address, date of birth, social
insurance, passport or other identification number, salary, nationality, job title, any shares or directorships held in Workday, details
of all options to purchase shares of Common Stock or any other entitlement to shares of Common Stock or equivalent benefits awarded,
canceled, exercised, vested, unvested or outstanding in my favor (“Data”), for the purposes of implementing, administering
and managing the ESPP. The legal basis, where required, for the processing of Data is my consent.

 

(b)            Stock
Plan Administration Service Providers. Workday transfers Data to E*Trade Financial Corporate Services, Inc. and E*Trade Securities
LLC (collectively, “E*Trade”), an independent service provider based in the United States, which is assisting Workday with
the implementation, administration and management of the ESPP. Workday may select a different service provider or additional service
providers and share Data with such other provider(s) serving in a similar manner. I may be asked to agree on separate terms and
data processing practices with the service provider, with such agreement being a condition to the ability to participate in the ESPP.

 

(c)            International
Data Transfers. Workday and its service providers are based in the United States. My country or jurisdiction may have different data
privacy laws and protections than the United States. Workday’s legal basis, where required, for the transfer of Data is my consent.

 

(d)            Data
Retention. Workday will hold and use Data only as long as is necessary to implement, administer and manage my participation in the
ESPP, or as required to comply with legal or regulatory obligations, including under tax securities, exchange control and labor laws.
This period may extend beyond when my employment or service terminates. When Workday no longer needs the Data, Workday will remove it
from its systems to the fullest extent reasonably practicable. If Workday keeps Data longer, it would be to satisfy legal or regulatory
obligations and Workday’s legal basis, where required, would be the relevant laws or regulations.

 

    	 	9	 

     

    

 

(e)            Voluntariness
and Consequences of Consent Denial or Withdrawal. Participation in the ESPP is voluntary and I am providing the consents herein on
a purely voluntary basis. If I do not consent, or if I later seek to revoke my consent, my salary from or employment and career with
the Employer will not be affected; the only consequence of refusing or withdrawing my consent is that Workday would not be able to offer
options to purchase shares of Common Stock under the ESPP or other equity awards to me or administer or maintain such awards.

 

(f)             Data
Subject Rights. I may have a number of rights under data privacy laws in my jurisdiction. Depending on where I am based, such rights
may include the right to (i) request access or copies of Data Workday processes, (ii) rectification of incorrect Data, (iii) deletion
of Data, (iv) restrictions on processing of Data, (v) portability of Data, (vi) lodge complaints with competent authorities
in my jurisdiction, and/or (vii) receive a list with the names and addresses of any potential recipients of Data. To receive clarification
regarding this data privacy notice, these rights or to exercise applicable rights in relation to the personal data processed by Workday, I
can make an electronic request via Workday’s Privacy Portal or write to the office address specified in Workday’s Employment
Privacy Statement.

 

(g)            Workday’s
Employment Privacy Statement. Further information on Workday’s data privacy practices can be found within Workday’s Employment
Privacy Statement which supplements this data privacy notice.

 

By enrolling and participating in the ESPP, I
am declaring that I agree with the data processing practices described herein and consent to the collection, processing and use of Data
by Workday and the transfer of Data to the recipients mentioned above, including recipients located in countries which may not provide
the same level of protection as my country from a data protection perspective, for the purposes described above.

 

    	 	10	 

     

    

 

APPENDIX B

 

WORKDAY, INC. AMENDED AND RESTATED 2012
EMPLOYEE STOCK PURCHASE PLAN

 

ENROLLMENT/CHANGE
FORM

 

JURISDICTION-SPECIFIC PROVISIONS FOR EMPLOYEES
OUTSIDE THE U.S.

 

Terms and Conditions

 

I understand that this Appendix B includes additional
terms and conditions that govern my participation in the ESPP if I reside and/or work in one of the jurisdictions below. This Appendix
B forms part of the Enrollment/Change Form. Any capitalized term used in this Appendix B without definition will have the meaning ascribed
to it in the Enrollment/Change Form or the ESPP, as applicable.

 

I further understand that if I am a citizen or
resident of a jurisdiction other than the one in which I am currently residing and/or working, I transfer residence or employment
to another jurisdiction after enrolling in the ESPP, or I am considered resident of another jurisdiction for local law purposes, Workday
will, in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to me under these
circumstances.

 

Notifications

 

I further understand that this Appendix B also
includes information relating to exchange control and other issues of which I should be aware with respect to my participation in the
ESPP. The information is based on the securities, exchange control and other laws in effect in the respective jurisdictions as of March 2022.
Such laws are often complex and change frequently. As a result, I understand that I should not rely on the information herein as
the only source of information relating to the consequences of my participation in the ESPP because the information may be out of date
at the time that I purchase shares of Common Stock or sell shares of Common Stock purchased under the ESPP.

 

In addition, the information herein is general
in nature and may not apply to my particular situation, and Workday is not in a position to assure me of any particular result. Accordingly, I
should seek appropriate professional advice as to how the relevant laws in my jurisdiction may apply to my situation.

 

Finally, I understand that if I am a citizen
or resident of a jurisdiction other than the one in which I am currently residing and/or working, I transfer residence or employment
to another jurisdiction after enrolling in the ESPP, or I am considered resident of another jurisdiction for local law purposes, the
information contained herein may not apply to me in the same manner.

 

Australia

 

Terms and Conditions

 

Australia Class Order Exemption.
The offer of the ESPP is intended to comply with the provisions of the Corporations Act 2001, Australian Securities & Investments
Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth in the Offer
Document for the Offer to Purchase Shares of Common Stock to Australian Resident Employees, which is being provided to me together with
this Enrollment/Change Form.

 

    	 	11	 

     

    

 

Austria

 

Terms and Conditions

 

Interest Waiver. By electing to participate
in the ESPP, I unambiguously consent to waive my right to any interest arising in relation to the payroll deductions taken from
my Compensation in connection with my participation in the ESPP.

 

Notifications

 

Securities Law Information. Workday has
prepared and made available an Information Document in reliance on an exemption from prospectus requirements that may otherwise apply
to the offer of the ESPP in Austria. The Information Document is available at https://wdworkspace--simpplr.visualforce.com/apex/FileDetail?siteId=a114T000000tomZQAQ&fileId=0694T000000SwdMQAS.

 

Exchange Control
Information. If I hold securities (including shares of Common Stock acquired under the ESPP) or cash (including proceeds from
the sale of shares of Common Stock) outside of Austria, I will be required to report certain information to the Austrian National
Bank on an annual basis if the value of the shares as of December 31 meets or exceeds €5,000,000. The deadline for filing
the annual report is January 31 of the following year.

 

In addition, when the shares of Common Stock
are sold or a dividend is received, I may be required to comply with certain exchange control obligations if the cash proceeds from
the sale are held outside Austria. If the transaction volume of all accounts abroad meets or exceeds €10,000,000, the movements
and balances of all accounts must be reported monthly, as of the last day of the month, on or before the 15th day of the following month
on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen).

 

Belgium

 

Notifications

 

Foreign Asset/Account Reporting Information.
Belgian residents are required to report any securities (e.g., shares of Common Stock acquired under the ESPP) or bank account
(including brokerage accounts) established outside of Belgium via the annual tax return. In addition, Belgian residents are required
to complete a separate report providing the Central Contact Point of the National Bank of Belgium with details regarding any such account,
including the account number, the name of the bank in which such account is held and the country in which such account is located. The
forms to complete this report are available on the website of the National Bank of Belgium, www.nbb.be.

 

Canada

 

Terms and Conditions

 

Nature of Grant. The following provision
replaces Section 4(j) of the Enrollment/Change Form:

 

Workday (or, if required under applicable law
or the ESPP, the Committee) will have sole discretion to determine whether I have ceased to provide services for purposes of the ESPP
and the effective date on which I ceased to provide services (the “Termination Date”), as provided in the ESPP; for purposes
of the ESPP, the Termination Date will be the date I am no longer actually providing services to Workday or a Participating Corporation;
unless explicitly required by applicable legislation or determined by Workday (or, if required under applicable law or the ESPP, the
Committee), my period of service for purposes of the ESPP will exclude and will not be extended by any period during which notice, pay
in lieu of notice or related payments or damages are provided or required to be provided under statute, contract, common/civil law or
otherwise; I will not earn or be entitled to a pro-rata purchase for that portion of time before the date on which my participation terminates
nor will I be entitled to any compensation for the lost ability to purchase shares of Common Stock; notwithstanding the foregoing, if
applicable employment standards legislation explicitly requires continued participation in the ESPP during a statutory notice period, I
acknowledge that my right to participate in the ESPP, if any, will terminate effective as of the last day of my minimum statutory notice
period, but I will not earn or be entitled to a pro-rata purchase if the Purchase Date falls after the end of my statutory notice period,
nor will I will be entitled to any compensation for the lost ability to purchase shares of Common Stock.

 

    	 	12	 

     

    

 

The following provisions apply to Participants
in Quebec:

 

Data Privacy. The following provision
supplements Part 2 of Appendix A:

 

I hereby authorize Workday and Workday’s
representatives to discuss with and obtain all relevant information from all personnel, professional or non-professional, involved with
the administration of the ESPP for purposes that relate to the administration of the ESPP. I further authorize Workday, the Employer
and/or any Subsidiary to disclose and discuss such information with their advisors. I acknowledge and agree that my personal information,
including any sensitive personal information, may be transferred or disclosed outside of the province of Quebec, including to the United
States. I also authorize Workday, the Employer and/or any Subsidiary to record such information and to keep such information in my employment
file. If applicable, I also acknowledge and authorize Workday, the Employer and/or any Subsidiary involved in the administration
of the ESPP to use technology for profiling purposes and to make automated decisions that may have an impact on me or the administration
of the ESPP.

 

Language Consent. The parties acknowledge
that it is their express wish that this Enrollment/Change Form, as well as all documents, notices and legal proceedings entered into,
given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.

 

Consentement Relatif à la Langue
Utilisée. Les parties reconnaissent avoir exigé que cet Formulaire de Participation / Modification (en anglais,
 «Enrollment/Change Form») soit rédigée en anglais, ainsi que tous les documents, avis et procédures
judiciaires, éxécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement
 à la présente.

 

Notifications

 

Securities Law Information. I understand
I am permitted to sell shares of Common Stock acquired through the ESPP through the designated broker appointed under the ESPP, if any,
provided the resale of shares of Common Stock acquired under the ESPP takes place outside of Canada through the facilities of a stock
exchange on which the shares of Common Stock are listed. The shares of Common Stock are currently listed on the Nasdaq Global Select
Market.

 

Foreign Asset/Account Reporting Information.
I understand that I may be required to report any foreign specified property (including shares of Common Stock and rights to receive
shares of Common Stock such as options under the ESPP) on Form T1135 (Foreign Income Verification Statement) if the total cost of
my foreign specified property exceeds C$100,000 at any time in the year. The options must be reported – generally at a nil cost
 – if the C$100,000 cost threshold is exceeded because of other foreign specified property I own. If shares of Common Stock are
acquired, their cost generally is the adjusted cost base (“ACB”) of the shares. The ACB would normally equal the fair market
value of the shares of Common Stock at purchase, but I own other shares of Common Stock, this ACB may have to be averaged with the ACB
of the other shares. If due, the Form T1135 must be filed by April 30 of the following year. I understand that I should
consult my personal tax advisor to ensure my compliance with applicable reporting obligations.

 

    	 	13	 

     

    

 

China

 

Terms and Conditions

 

The following provisions apply to Participants
subject to exchange control restrictions in the People’s Republic of China (“China”), as determined by Workday in its
sole discretion.

 

Contribution and Purchase Conditions.
This section supplements Sections 1 and 2 of the Enrollment/Change Form:

 

Workday is under no obligation to remit my ESPP
contributions out of China and/or purchase shares of Common Stock on my behalf pursuant to Sections 1 and 2 of the Enrollment/Change
Form, unless and until Workday’s registration application is approved by the Chinese State Administration of Foreign Exchange (“SAFE”).
Further, at Workday’s discretion, the option will not be exercised and shares of Common Stock will not be purchased on my behalf
if, on the Purchase Date (or on such other date prior to the Purchase Date as determined by Workday in its sole discretion), the SAFE
registration has become invalid or ceased to be effective for any reason. Further, the option will not be exercised and shares of Common
Stock will not be purchased on my behalf unless and until Workday determines that such exercise and issuance of shares of Common Stock
complies with all relevant laws and regulations.

 

Required Sale of Shares. To facilitate
compliance with exchange control laws in China, Workday may require that any shares of Common Stock acquired under the ESPP be immediately
sold. Workday is authorized to instruct E*Trade or such other broker as may be selected by Workday to assist with the mandatory sale
of such shares of Common Stock (on my behalf pursuant to this authorization), and I expressly authorize such broker to complete the sale
of such shares of Common Stock. In this regard, I agree to sign any agreements, forms and/or consents that may be reasonably requested
by Workday (or Workday’s designated broker) to effectuate the sale of the shares of Common Stock (including, without limitation,
with respect to the transfers of the proceeds and other exchange control matters noted below) and otherwise cooperate with Workday on
such matters, provided that I will not be permitted to exercise any influence over how, when or whether the sales occur. I acknowledge
that E*Trade or such other designated broker as may be selected by Workday is under no obligation to arrange for the sale of the shares
of Common Stock at any particular price.

 

Alternatively, if Workday, in its discretion,
does not exercise its right to require the immediate sale of shares of Common Stock purchased under the ESPP, as described in the preceding
paragraph, any shares of Common Stock I acquire under the ESPP must be sold no later than six months from the date my employment terminates
(and measured as described in Section 4(j) of the Enrollment/Change Form) or within any other such time frame as may be permitted
by Workday or required by SAFE. Any shares of Common Stock acquired by me under the ESPP that have not been sold within six months of
the date I am no longer employed or providing services for Workday or a Subsidiary shall be automatically sold by E*Trade or such other
broker as may be selected by Workday pursuant to this authorization and subject to the terms of the preceding paragraph. Upon the sale
of the shares of Common Stock, Workday agrees to pay the cash proceeds from the sale (less any applicable Tax-Related Items, brokerage
fees and commissions) to me in accordance with applicable exchange control laws and regulations including, but not limited to, the restrictions
set forth under the “Exchange Control Restrictions” section immediately below.

 

    	 	14	 

     

    

 

Exchange Control Requirements. Any shares
of Common Stock that I acquire under the ESPP (less amounts required to be withheld to satisfy Tax-Related Items) will be credited to
my account with E*Trade or such other broker as may be selected by Workday. I understand that these shares of Common Stock must remain
in such account until I decide or am required to sell them. I understand and agree that, due to exchange control laws in China, I
will be required to immediately repatriate to China any funds received from participating in the ESPP (including cash proceeds from the
sale of shares of Common Stock or any dividends paid on such shares). I further understand that, under exchange control laws in China,
such repatriation of the funds will need to be affected through a special exchange control account established by Workday, the Employer
or another Subsidiary, and I hereby consent and agree that the funds will be transferred to such special account prior to being delivered
to me. I also understand that Workday will deliver the funds to me as soon as possible, but there may be delays in distributing the funds
to me due to exchange control requirements in China. The funds may be paid in U.S. dollars or local currency, at Workday’s discretion.
If the funds are paid in U.S. dollars, I understand that I may be required to open a U.S. dollar bank account in China into which
the funds can be deposited. If the funds are converted to local currency, I acknowledge that Workday is under no obligation to secure
any particular currency conversion rate, and that it may face delays in converting the funds to local currency. I will bear the risk
of any currency conversion rate fluctuation between the date that the shares of Common Stock are sold (or any other funds are received)
and the date of conversion of the funds to local currency. I must comply with any other requirements imposed by Workday in the future
in order to facilitate compliance to the exchange control requirements in China.

 

Czech
Republic

 

Terms and Conditions

 

Authorization for Payroll Deductions.
As a condition of my participation in the ESPP, I will be required to execute an Agreement on Wage Deductions, which will be provided
to me separately. I understand that I must print out the form, sign and date the agreement in the applicable places, and return a copy
to Stock Administration, Workday, Inc., 175 East 400 South, Suite 200, Salt Lake City, UT 84111. Further, I agree
to execute other agreements or consents that may be required by Workday or the Employer with respect to payroll deductions under the
ESPP. I understand that if I fail to execute the Agreement on Wage Deductions or any other form of agreement or consent that is required
with respect to payroll deductions under the ESPP, I may not be able to participate in the ESPP.

 

Notifications

 

Exchange Control Information. Upon request
of the Czech National Bank (“CNB”), Czech nationals may be required to file a report in connection with participation in
the ESPP and the opening and maintenance of a foreign account. However, because exchange control regulations change frequently and without
notice, Czech nationals should consult with their personal advisor before purchasing shares of Common Stock and before opening any foreign
accounts in connection with the ESPP to ensure compliance with current regulations.

 

Denmark

 

Terms and Conditions

 

Danish Stock Option Act. I acknowledge
that I have received a copy of the Employer Statement and Danish translation thereof, which are being provided to comply with the Danish
Stock Option Act (the “Act”), and which set forth additional information about my participation in the ESPP.

 

    	 	15	 

     

    

 

I understand that the Act only applies to “employees”
as that term is defined in Section 2 of the Act. If I am a member of the registered management of a Subsidiary in Denmark or otherwise
do not satisfy the definition of employee, I am not subject to the Act and the Employer Statement will not apply to me.

 

Further, the Act has been revised with effect
from 1 January 2019. As a result of the amendments, the termination provision under the ESPP will apply for any options granted
after 1 January 2019. The relevant termination provisions are detailed in the ESPP and the Employer Statement.

 

Nature
of Grant. The following provision supplements Section 4 of the Enrollment/Change Form:

 

By accepting
the option, I acknowledge, understand and agree that this offer relates to future services to be performed and is not related to
past services.

 

Notifications

 

Foreign
Asset/Account Reporting Information. I understand that if I establish an account holding shares of Common Stock or cash outside Denmark, I
must report the account and its deposits, and shares held in the account in my tax return under the section on foreign affairs and income.

 

Finland

 

There are no country-specific provisions.

 

France

 

Terms and Conditions

 

Enroll. Les paragraphes suivants
traduisent l'article 1 du Formulaire de Participation / Modification (en anglais, «Enrollment/Change Form»):

 

Par la présente, je choisis de participer
au Plan d’Achat d’Actions à compter du début de la prochaine Période d’Offre. Je choisis d’acheter
des actions ordinaires de Workday conformément aux conditions générales du Plan d’Achat d’Actions et
du présent formulaire de Participation/Modification, ainsi qu’à toute disposition contenue dans l’annexe ci-jointe
(ensemble le « Formulaire de Participation/Modification »). Je comprends que les actions ordinaires acquises pour
mon compte seront émises au nom de la maison de courtage et déposées directement sur mon compte de courtage ouvert
auprès de E*TRADE Securities LLC ou des sociétés qui lui sont affiliées à cet effet (« E*TRADE»).
Par la présente, je m’engage à prendre toutes les mesures et à accepter et soumettre tous formulaires nécessaires
 à l’établissement d’un compte auprès de E*TRADE à cette fin. Je comprends que si je suis un contribuable
américain, je dois informer Workday de toute cession d’actions ordinaires acquises en vertu du Plan d’Achat d’Actions.

 

Je continuerais de participer au Plan d’Achat
d’Actions aussi longtemps que je demeurerais éligible, à moins que je me retire du Plan d’Achat d’Actions
en déposant un nouveau Formulaire de Participation/Modification auprès de Workday avant les 15 derniers jours d’une
Période d’Offre. Je reconnais que je peux librement me retirer du Plan d’Achat d’Actions et recevoir un remboursement
complet de toutes les contributions volontaires que j'ai faites dans le cadre du Plan d’Achat d’Actions, à condition
que je me retire avant les 15 derniers jours d'une Période d'Offre.

 

    	 	16	 

     

    

 

Elect Contribution Percentage. Les
paragraphes suivants traduisent l'article 2 du Formulaire de Participation / Modification (en anglais, «Enrollment/Change
Form»), dans la mesure applicable:

 

Je reconnais que le Plan d’Achat d’Actions
est un plan volontaire et que tout choix relatif aux prélèvements sur salaire que j’effectue est fait sur une base
entièrement volontaire. Par la présente, j’autorise Workday (ou, si différent, mon employeur) à prélever
sur chacun de mes salaires __% de ma Rémunération (telle que définie dans le Plan d’Achat d’Actions)
payée pendant ladite Période d’Offre et ce, aussi longtemps que je continuerais à participer au Plan
d’Achat d’Actions ou, dans le cas contraire, j’en informe Workday en remplissant un Formulaire de Participation/Modification.
Ce montant servira à l’acquisition d’Actions Ordinaires de Workday conformément au Plan d’Achat d’Actions.
En outre, je reconnais que la loi applicable (y compris, mais sans s'y limiter, les exigences en matière de salaire minimum et
de niveau de subsistance minimum) peut limiter le pourcentage des prélèvements sur salaire que je suis en mesure de contribuer
au Plan d’Achat d’Actions, et Workday diminuera le pourcentage de contribution que j'ai choisi si ce choix entraîne
un montant de déductions globales sur salaire qui est supérieur au montant autorisé par la loi applicable, tel que
déterminé par Workday à sa seule discrétion. Si je suis payé dans une devise autre que le dollar U.S.,
mes contributions devront être converties en dollars U.S. avant l’acquisition des Actions Ordinaires. Le pourcentage doit
 être un chiffre entier (de 1 % à un maximum de 15 %).

 

À la demande de Workday ou de mon Employeur,
j'accepte de signer une procuration et tout autre contrat ou consentement qui pourrait être requis pour autoriser les prélèvements
sur salaire conformément à la loi applicable et/ou permettre à l'Employeur, à toute autre Filiale, ou à
tout tiers désigné par l'Employeur ou Workday de remettre les prélèvements sur salaire accumulés de
mon pays aux États-Unis pour l'achat d'Actions Ordinaires. Je comprends que si je ne signe pas une procuration ou toute autre
forme de contrat ou de consentement requis pour l'autorisation des prélèvements sur salaire ou le versement de mes prélèvements
sur salaire, je ne serai pas en mesure de participer au Plan d’Achat d’Actions.

 

Participation in this Plan. Les
paragraphs suivants indiquent et traduisent l'article 6 du Plan (en anglais, «ESPP»):

 

		(a)	With respect to each Offering Period,
                                            an eligible Employee determined in accordance with Section 4 of the Plan may elect to
                                            become a Participant by submitting the prescribed enrollment form (an "Enrollment Form")
                                            in accordance with Workday's procedures prior to the commencement of the Offering Period
                                            to which such agreement relates in accordance with such rules as Workday may determine.

 

		(b)	Once an Employee becomes a Participant
                                            in an Offering Period, then such Participant will automatically participate in the Offering
                                            Period commencing immediately following the last day of such prior Offering Period at the
                                            same contribution level as was in effect in the prior Offering Period unless the Participant
                                            withdraws or is deemed to withdraw from this Plan or terminates further participation in
                                            the Offering Period as set forth in Section 11 of the Plan, or otherwise notifies Workday
                                            of a change in the Participant’s contribution level by filing an additional Enrollment
                                            Form in accordance with Workday’s procedures.  A Participant that is automatically
                                            enrolled in a subsequent Offering Period pursuant to this section (i) is not required
                                            to file any additional Enrollment Form in order to continue participation in the Plan
                                            and (ii) will be deemed to have accepted the terms and conditions of the Plan, any sub-plan
                                            and Enrollment Form in effect at the time each subsequent Offering Period begins, subject
                                            to Participant’s right to withdraw from the Plan in accordance with the withdrawal
                                            procedures in effect at the time.

 

		(a)	Concernant chaque Période
                                            d’Offre, un Salarié éligible conformément à la section
                                            4 du Plan peut choisir d’y participer par le dépôt  d’un formulaire
                                            d’inscription prescrit (le «  Formulaire d’Inscription »)
                                            conformément aux procédures de Workday avant le début de la Période
                                            d’Offre à laquelle cet accord se rapporte, conformément aux règles
                                            susmentionnées déterminées par Workday.

 

    	 	17	 

     

    

 

		(b)	Dès lors qu’un
                                            Salarié devient un Participant pour une Période d’Offre, alors
                                            ledit Participant participera automatiquement à la Période d’Offre
                                            commençant immédiatement après le dernier jour de la Période
                                            d’Offre antérieure au même niveau de contribution que celui applicable
                                            lors de la Période d’Offre antérieure, à moins que le Participant
                                            se retire, ou soit considéré comme se retirant du Plan, ou cesse sa participation
                                            à la Période d’Offre tel que cela est prévu à la Section 11
                                            du Plan, ou informe Workday d’un changement de son pourcentage de contribution en remplissant
                                            un Formulaire d'Inscription supplémentaire conformément aux procédures
                                            de Workday.  Le Participant qui est automatiquement inscrit à la Période
                                            d’Offre ultérieure conformément aux dispositions de ce paragraphe (i) n’a
                                            pas à déposer de Formulaire d’Inscription supplémentaire
                                            pour continuer à participer au Plan et (ii) sera réputé avoir accepté
                                            les termes et conditions du Plan, de tout sous-plan et du Formulaire d'Inscription en vigueur
                                            au moment où chaque Période d'Offre ultérieure commence, sous réserve
                                            du droit du Participant de se retirer du Plan conformément aux procédures de
                                            retrait en vigueur à ce moment-là.

 

Language Consent.  By enrolling
in the ESPP, either by signing the Enrollment/Change Form or by using Workday’s online enrollment procedures, I agree
to be bound by, and understand that my participation in the ESPP is in all respects subject to, the terms of the ESPP and this Enrollment/Change
Form.  I confirm having read and understood the documents relating to the ESPP (the ESPP and this Enrollment/Change Form) which
were provided to me in the English language.  I accept the terms of those documents accordingly.

 

Consentement Relatif à la Langue
Utilisée. En acceptant de participer au ESPP, soit en signant le formulaire de Participation/Modification soit en utilisant
les procédures d’inscription en ligne de Workday, j’accepte être lié et je comprends que ma participation
est telle que décrite dans le ESPP et le formulaire de Participation/Modification. Je confirme avoir lu et compris les documents
relatifs au ESPP (le ESPP et cet formulaire de Participation/Modification) qui ont été communiqués en langue anglaise.
J’accepte les termes de ces documents en connaissance de cause.

 

Notifications

 

Securities Law Information. Workday has
prepared and made available an Information Document in reliance on an exemption from prospectus requirements that may otherwise apply
to the offer of the ESPP in France. The Information Document is available at https://wdworkspace--simpplr.visualforce.com/apex/FileDetail?siteId=a114T000000tomZQAQ&fileId=0694T000000SwdMQAS.

 

Exchange Control Information. The value
of any cash or securities imported to or exported from France without the use of a financial institution must be reported to the customs
and excise authorities when the value of such cash or securities is exceeds a certain threshold. I understand that I should consult
with a personal legal advisor to ensure my compliance with applicable reporting obligations.

 

Foreign Asset/Account Reporting Information.
If I hold securities (including shares of Common Stock purchased under the ESPP) in a foreign bank account, I am required to report
the opening, closing and maintenance of such account to the French tax authorities when filing my annual tax return. I understand
that I should consult my personal tax advisor to ensure my compliance with applicable reporting obligations.

 

    	 	18	 

     

    

 

Germany

 

Notifications

 

Securities Law Information. Workday has
prepared and made available an Information Document in reliance on an exemption from prospectus requirements that may otherwise apply
to the offer of the ESPP in Germany. The Information Document is available at https://wdworkspace--simpplr.visualforce.com/apex/FileDetail?siteId=a114T000000tomZQAQ&fileId=0694T000000SwdMQAS.

 

Exchange Control Information. Cross-border
payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank. Such reporting obligation might arise
when shares of Common Stock are purchased under the ESPP and when shares of Common Stock are subsequently sold. I understand that
I am responsible for complying with applicable reporting obligations and that I should consult with a personal legal advisor on this
matter.

 

Foreign Asset/Account Reporting Information.
If my acquisition of shares under the Plan leads to a so-called qualified participation at any point during the calendar year, I
will need to report the acquisition when I file my tax return for the relevant year. A qualified participation is attained if (i) the
value of the shares acquired exceeds EUR 150,000 or (ii) in the unlikely event that I hold shares of Common Stock exceeding 10%
of the total capital of Workday. However, if the shares of Common Stock are listed on a recognized U.S. exchange and I own less than
1% of Workday, this requirement will not apply to me. If applicable, I understand that I will be responsible for obtaining the appropriate
form from a German federal bank and complying with the reporting obligations.

 

Greece

 

Notifications

 

Foreign Asset/Account Reporting Information.
If I acquire shares under the ESPP, I understand that I must report such foreign assets on my tax return.

 

Hong
Kong

 

Terms and Conditions

 

Contributions to the ESPP. Notwithstanding
anything to the contrary in the ESPP and the Enrollment/Change Form, due to legal restrictions in Hong Kong, I understand that I
may not participate in the ESPP via payroll deductions. Instead, my contributions to the ESPP must be made via check, wire transfer or
bank debit. Workday will calculate the total funds that must be received from me prior to the end of the respective Purchase Period based
on the contribution percentage I specify in the Enrollment/Change Form. I understand I am solely responsible for ensuring remittance
of such contributions to Workday in accordance with the policies and procedures established by Workday and/or the Employer to facilitate
my participation in the ESPP. I further understand and agree that no shares of Common Stock will be purchased on my behalf under the
ESPP if I fail to submit my contributions in the manner required by such policies and procedures. Workday reserves the right to allow
participation in the ESPP via payroll deductions depending on the development of local laws and/or if administratively feasible.

 

    	 	19	 

     

    

 

Securities Law Information. WARNING:
The option granted under the ESPP and any shares of Common Stock purchased under the ESPP do not constitute a public offering of securities
under Hong Kong law and are available only to eligible employees of Workday and its Participating Corporations. The Enrollment/Change
Form, including this Appendix, and the ESPP and any other incidental communication materials distributed in connection with the ESPP
(i) have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering
of securities under the applicable securities legislation in Hong Kong, (ii) have not been reviewed by any regulatory authority
in Hong Kong, and (iii) are intended only for the personal use of eligible employees of Workday and its Participating Corporations,
and may not be distributed to any other person.

 

I understand that I should exercise caution
in relation to the right to purchase shares of Common Stock. If I am in any doubt about any of the contents of the Enrollment/Change
Form, including this Appendix, the ESPP or any other incidental communication materials distributed in connection with the ESPP, I
should obtain independent professional advice.

 

India

 

Notifications

 

Exchange Control Notification. Indian
residents must repatriate to India any funds received under the ESPP within such period of time prescribed under applicable Indian laws
and regulations, as may be amended from time to time. I will receive a foreign inward remittance certificate (“FIRC”) from
the bank where the foreign currency is deposited and should retain the FIRC as evidence of the repatriation of funds in the event the
Reserve Bank of India or the Employer requests proof of repatriation. I understand that it is my responsibility to comply with the applicable
exchange control laws in India.

 

Foreign Asset/Account Reporting Notification.
Indian residents are required to declare in their annual tax returns (a) any foreign assets they hold and (b) any foreign bank
accounts for which they have signing authority. I understand it is my responsibility to comply with applicable tax laws in India. I should
consult with a personal tax advisor to ensure proper reporting of foreign assets and bank accounts.

 

Indonesia

 

Terms and Conditions

 

Language Consent. By enrolling and participating
in the ESPP, I (i) confirm having read and understood these documents provided in the English language, (ii) accept the
terms of these documents accordingly, and (iii) agree not to challenge the validity of these documents based on Law No. 24
of 2009 on National Flag, Language, Coat of Arms and National Anthem or the implementing Presidential Regulation (when issued).

 

Persetujuan dan Pemberitahuan Bahasa.
Dengan mendaftar dan ikut serta dalam ESPP, saya (i) memberikan konfirmasi bahwa saya telah membaca dan memahami dokumen-dokumen
berkaitan dengan pemberian ini (yaitu, ESPP dan Perjanjian) yang disediakan dalam Bahasa Inggris, (ii) menerima persyaratan di dalam
dokumen-dokumen tersebut, dan (iii) setuju untuk tidak mengajukan keberatan atas keberlakuan dari dokumen ini berdasarkan Undang-Undang
No. 24 Tahun 2009 tentang Bendera, Bahasa dan Lambang Negara serta Lagu Kebangsaan ataupun Peraturan Presiden sebagai pelaksanaannya
(ketika diterbitkan).

 

Notifications

 

Exchange Control Information. Foreign
exchange activity is subject to certain reporting requirements. For foreign currency transactions exceeding USD 25,000, the underlying
document of that transaction will have to be submitted to the relevant local bank. If I repatriate funds (e.g., proceeds from
the sale of shares of Common Stock) into Indonesia, the Indonesian bank through which the transaction is made will submit a report of
the transaction to the Bank of Indonesia.

 

    	 	20	 

     

    

 

For transactions of USD 10,000 or more (or its
equivalent in other currency), a more detailed description of the transaction must be included in the report and I may be required to
provide information about the transaction to the bank in order to complete the transaction.

 

Foreign Asset/Account Reporting Information.
Indonesian residents are required to report worldwide assets (including foreign accounts and shares of Common Stock acquired under the
ESPP) in their annual individual income tax return.

 

Ireland

 

Notifications

 

Securities Law Information. Workday has
prepared and made available an Information Document in reliance on an exemption from prospectus requirements that may otherwise apply
to the offer of the ESPP in Ireland. The Information Document is available at https://wdworkspace--simpplr.visualforce.com/apex/FileDetail?siteId=a114T000000tomZQAQ&fileId=0694T000000SwdMQAS.

 

Director Notification Requirement. I understand
that if I am a director, shadow director or secretary of an Irish Subsidiary, I must notify the Irish Subsidiary or affiliate in
writing upon (i) receiving or disposing of an interest in Workday (e.g., options, shares of Common Stock, etc.), (ii) becoming
aware of the event giving rise to the notification requirement, or (ii) becoming a director or secretary if such an interest exists
at the time, in each case if the interest represents more than 1% of Workday’s share capital or voting rights. This notification
requirement also applies with respect to the interests of any spouse or minor children (whose interests will be attributed to the director,
shadow director or secretary).

 

Italy

 

Terms and Conditions

 

ESPP Document Acknowledgement. I acknowledge
that by enrolling in the ESPP, I have been given access to the ESPP, have reviewed the ESPP and the Enrollment/Change Form in
their entirety and fully understand and accept all provisions of the ESPP and the Enrollment/Change Form. Further, I acknowledge
that I have read and expressly approve the following sections of the Enrollment/Change Form: Section 1: Enroll; Section 2:
Elect Contribution Percentage; Section 3: Responsibility for Taxes; Section 4: Nature of Grant; Section 5: No Advice Regarding
Grant; Section 6: Compliance with Law; Section 7: Language; Section 8: Electronic Delivery and Participation; Section 13:
Imposition of Other Requirements; Section 14: Governing Law and Venue; and Section 16: Acknowledgement and Signature.

 

Notifications

 

Foreign Asset/Account Reporting Information.
I understand that if I am an Italian resident and at any time during the fiscal year I hold foreign financial assets (including cash
and shares of Common Stock) which may generate income taxable in Italy, I am required to report these assets on my annual tax return
(UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due. These reporting
obligations will also apply if I am the beneficial owner of such foreign financial assets, even if I do not directly hold investments
abroad or foreign assets. I understand that I should consult my personal tax advisor to ensure my compliance with applicable reporting
obligations.

 

    	 	21	 

     

    

 

Japan

 

Notifications

 

Foreign Asset/Account Reporting Information. 
I understand that if I hold assets outside of Japan (e.g., shares of Common Stock purchased under the ESPP) with a total net fair
market value exceeding ¥50,000,000 (or an equivalent amount in foreign currency) as of December 31 each calendar year, I
am required to report the details of such assets to the Japanese tax authorities by March 15th of the following year. I understand
that I should consult with my personal tax advisor to determine my personal reporting obligations.

 

Latvia

 

There are no country-specific provisions.

 

Malaysia

 

Terms and Conditions

 

Data Privacy. This provision replaces
Part 2 of Appendix A.

 

I hereby explicitly and unambiguously consent
to the collection, use and transfer, in electronic or other form, of my personal data as described in this Agreement and any other ESPP
participation materials by and among, as applicable, the Employer, Workday and its Subsidiaries for the exclusive purpose of implementing,
administering and managing my participation in the ESPP.

 

I understand that Workday and the Employer
may hold certain personal information about me, including, but not limited to, my name, home address, email address and telephone number,
date of birth, social insurance, passport or other identification number (e.g., resident registration number), salary, nationality, job
title, any shares of stock or directorships held in Workday, details of all options under the ESPP or any other entitlement to shares
of stock awarded, cancelled, purchased, exercised, vested, unvested, or outstanding in my favor (“Data”), for the exclusive
purpose of implementing, administering and managing the ESPP. The source of the Data is the Employer, as well as information which I
am providing to Workday and the Employer in connection with the ESPP and this Enrollment/Change Form.

 

I understand that Data will be transferred
to E*Trade or such other stock plan service provider as may be selected by Workday in the future, which is assisting Workday, with the
implementation, administration and management of the ESPP. I further understand that Workday, the Employer and any other Subsidiary will
transfer Data among themselves as necessary for the purpose of the implementation, administration and management of my participation
in the ESPP, and that Workday, the Employer and any other Subsidiary may each further transfer Data to third parties assisting Workday
in the implementation, administration and management of the ESPP, including any requisite transfer to a broker or another third party
with whom I may elect to deposit any shares of Common Stock acquired under the ESPP. I understand that the recipients of the Data may
be located in the United States or elsewhere, and that the recipients’ country may have different data privacy laws and protections
than my country. I understand that if I reside outside the United States, I may request a list with the names and addresses of any
potential recipients of the Data by contacting my local human resources representative, whose email address is cynthia.chan@workday.com.
I authorize Workday, E*Trade and its affiliates, and any other possible recipients which may assist Workday, (presently or in the future)
with implementing, administering and managing the ESPP to receive, possess, use, retain and transfer the Data, in electronic or other
form, for the sole purpose of implementing, administering and managing my participation in the ESPP.

 

    	 	22	 

     

    

 

I understand that Data will be held only
as long as is necessary to implement, administer and manage my participation in the ESPP. I understand that if I reside outside the United
States I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing my local human resources
representative. Further, I understand that I am providing the consents herein on a purely voluntary basis. If I do not consent,
or if I later seek to revoke my consent, my employment status or service and career with the Employer will not be affected; the only
consequence of refusing or withdrawing my consent is that Workday would not be able to grant me the option to purchase shares of Common
Stock under the ESPP or other equity awards or administer or maintain such awards. Therefore, I understand that refusing or withdrawing
my consent may affect my ability to participate in the ESPP. For more information on the consequences of my refusal to consent or withdrawal
of consent, I understand that I may contact my local human resources representative.

 

Malaysian Translation

 

Saya dengan ini secara eksplisit dan tanpa
sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadi saya seperti
yang diterangkan dalam Perjanjian dan apa-apa bahan penyertaan ESPP lain oleh dan di antara, seperti mana yang terpakai, Majikan, Syarikat,
Anak-Anak SyarikatnyaSekutunya atau mana-mana pihak ketiga yang diberi kuasa oleh yang sama untuk tujuan ekslusif bagi melaksanakan,
mentadbir dan menguruskan penyertaan saya dalam Pelan.

 

Saya memahami bahawa Workday dan Majikan
mungkin memegang maklumat peribadi tertentu tentang saya, termasuk, tetapi tidak terhad kepada, nama saya, alamat rumah dan nombor telefon,
alamat emel, tarikh lahir, nombor insurans sosial, pasport atau nombor pengenalan lain (seperti, nombor pendaftaran penduduk tetap atau
nombor kad pengenalan), gaji, kewarganegaraan, jawatan, apa-apa syer dalam saham atau jawatan pengarah yang dipegang di Workday, butir-butir
semua opsyen di bawah ESPP atau apa-apa hak lain atas syer dalam saham yang dianugerahkan, dibatalkan, dibeli, dilaksanakan, terletak
hak, tidak diletak hak ataupun yang belum dijelaskan bagi faedah saya (“Data”), untuk tujuan eksklusif bagi melaksanakan,
mentadbir dan menguruskan ESPP. Sumber Data adalah daripada Majikan, dan juga maklumat yang saya memberikan kepada Workday dan Majikan
berhubung dengan ESPP dan Borang Pendaftaran/Penukaran ini.

 

Saya memahami bahawa Data ini akan dipindahkan
kepada E*Trade atau pembekal perkhidmatan pelan saham yang ditetapkan oleh Workday pada masa depan yang membantu Workday dengan pelaksanaan,
pentadbiran dan pengurusan ESPP. Saya memahami selanjutnya bahawa Workday, Majikan dan Anak-Anak Syarikat lain akan memindah Data sesama
mereka seperti diperlukan untuk tujuan melaksanakan, mentadbir dan menguruskan penyertaan saya dalam Pelan, dan Workday, Majikan dan
Anak-Anak Syarikat yang lain masing-masing boleh memindah Data kepada pihak-pihakketiga yang membantu Workday dalam pelaksanaan, pentadbiran
dan pegurusan Pelan, termasuk pemindahan yang diperlukan kepada broker atau pihak ketiga yang lain yang mana saya boleh memilih untuk
mendepositkan syer Saham Biasa yang diperolehi daripada Pelan. Saya memahami bahawa penerima-penerima Data mungkin berada di Amerika
Syarikat atau mana-mana tempat lain dan bahawa negara penerima-penerima mungkin mempunyai undang-undang privasi data dan perlindungan
yang berbeza daripada negara saya. Saya memahami bahawa sekiranya saya menetap di luar Amerika Syarikat, saya boleh meminta satu senarai
yang mengandungi nama dan alamat penerima-penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan saya, alamat
emel cynthia.chan@workday.com. Saya memberi kuasa kepada Workday, E*Trade mana-mana penerima-penerima lain yang mungkin membantu Workday
(pada masa sekarang atau pada masa depan) dengan melaksanakan, mentadbir dan menguruskan ESPP untuk menerima, memiliki, menggunakan,
mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan
menguruskan penyertaan saya dalam ESPP.

 

    	 	23	 

     

    

 

Saya memahami bahawa Data hanya akan disimpan
untuk tempoh yang perlu bagi melaksanakan, mentadbir, dan menguruskan penyertaan saya dalam ESPP. Saya memahami bahawa sekiranya saya
menetap di luar Amerika Syarikat, saya boleh, pada bila-bila masa, melihat Data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan
Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana
kes, tanpa kos, dengan menghubungi secara bertulis wakil sumber manusia tempatan saya. Saya selanjutnya memahami bahawa saya memberi
persetujuan ini secara sukarela. Sekiranya saya tidak bersetuju, atau kemudian membatalkan persetujuan saya, status pekerjaan atau perkhidmatan
saya dengan Majikan tidak akan terjejas; satunya akibat jika saya tidak bersetuju atau menarik balik persetujuan saya adalah bahawa Workday
tidak akan dapat menganugerahkan kepada saya opsyen untuk memeroleh syer Saham Biasa ESPP atau anugerah ekuiti lain atau mentadbir atau
mengekalkan anugerah tersebut. Oleh itu, saya memahami bahawa keengganan atau penarikan balik persetujuan saya boleh menjejaskan keupayaan
saya untuk mengambil bahagian dalam ESPP. Untuk maklumat lanjut mengenai akibat keengganan saya untuk memberikan keizinan atau penarikan
balik keizinan, saya memahami bahawa saya boleh menghubungi wakil sumber manusia tempatan saya.

 

Notifications

 

Director Notification Obligation. Directors
of a Malaysian Subsidiary are subject to certain notification requirements under the Malaysian Companies Act. Among these requirements
is an obligation to notify such entity in writing within 14 business days of the acquisition or disposal of an interest (e.g.,
options granted under the ESPP or shares of Common Stock) in Workday or any related company.

 

Mexico

 

Terms and Conditions

 

Elect Contribution Percentage.  This
provision supplements and translates Section 2 of the Enrollment/Change Form:

 

I hereby request and authorize the Employer,
Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) to withhold from each of my paychecks the elected percentage of my Compensation
during the Offering Period, as described in this Section 2.

 

I acknowledge and agree that the participation
of Workday Mexico in the ESPP is limited to acting as an intermediary in delivering to Workday the amounts withheld from my paychecks
during the Offering Period and that the benefits under the ESPP are not fringe benefits provided by Workday Mexico.  Workday
Mexico will make no additional salary payment or other compensation to me as a result of the ESPP.  I further acknowledge that the
withholding I have requested is not a loss of salary and that I have received in full my entire salary for each pay period during my
participation in the ESPP.

 

    	 	24	 

     

    

 

Plan Document Acknowledgment. By enrolling
and participating in the ESPP, I acknowledge that I have received a copy of the ESPP and the Enrollment/Change Form, which I have
reviewed. I acknowledge further that I accept all the provisions of the ESPP and the Enrollment/Change Form. I also acknowledge that
I have read and specifically and expressly approve the terms and conditions set forth in Section 4 (“Nature of Grant”)
in the Enrollment/Change Form, which clearly provides as follows:

 

		1.	participation in the ESPP does not constitute
                                            an acquired right;

 

		2.	the ESPP and my participation in the ESPP
                                            are offered by Workday on a wholly discretionary basis;

 

		3.	participation in the ESPP is voluntary;
                                            and

 

		4.	Workday and its Subsidiaries are not responsible
                                            for any decrease in the value of any shares of Common Stock that I may acquire under the
                                            ESPP.

 

Labor Law Policy and Acknowledgment. By
enrolling and participating in the ESPP, I expressly recognize that Workday, with registered offices at 6110 Stoneridge Mall Road
Pleasanton, California U.S.A., is solely responsible for the administration of the ESPP, and participation in the ESPP and acquisition
of shares of Common Stock do not constitute an employment relationship between me and Workday since I am participating in the ESPP on
a wholly commercial basis and Workday Mexico is my sole employer. Based on the foregoing, I expressly recognize that the ESPP and
the benefits that I may derive from participating in the ESPP do not establish any rights between myself and Workday Mexico and do not
form part of the employment conditions and/or benefits provided by Workday Mexico, and any modification of the ESPP or its termination
shall not constitute a change or impairment of the terms and conditions of my employment.

 

I further understand that my participation in
the ESPP is as a result of a unilateral and discretionary decision of Workday; therefore, Workday reserves the absolute right to amend
and/or discontinue my participation at any time without any liability to me.

 

Finally, I hereby declare that I do not
reserve to myself any action or right to bring any claim against Workday for any compensation or damages regarding any provision of the
ESPP or the benefits derived under the ESPP, and I therefore grant a full and broad release to Workday, and its Subsidiaries, affiliates,
branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any
claim that may arise.

 

Spanish Translation

 

Porcentaje de Contribución Seleccionado:
Esta disposición complementa y traduce la Sección 2 del Formulario de Inscripción/Cambio.

 

Por medio de la presente, solicito al Patrón
Workday Mexico S. de R.L. de C.V. (“Workday Mexico”) realice la retención en mi Compensación y en cada uno
de los cheques de pago del porcentaje seleccionado durante el Periodo de Oferta, tal y como se describe en esta Sección 2.

 

Reconozco y acepto que la participación
de Workday Mexico en el ESPP está limitada a fungir como intermediario en la entrega a Workday de las cantidades que serán
descontadas de mi salario durante el Periodo de Oferta y que los beneficios recibidos bajo el ESPP no son prestaciones adicionales otorgadas
por Workday Mexico. Workday Mexico no me hará ningún pago adicional por concepto de salario ni cualquier otra compensación
con motivo del ESPP. Adicionalmente reconozco que la retención solicitada de mi salario no es una pérdida del mismo y que
he recibido el pago íntegro, total y completo de mi salario por cada periodo durante mi participacion en el ESPP

 

    	 	25	 

     

    

 

Reconocimiento del Plan. Al inscribirme
y al participar en el ESPP, reconozco que he recibido una copia del mismo y del Formulario de Inscripción/Cambio, mismos que he
revisado. Reconozco además que acepto las disposiciones del ESPP y del Formulario de Inscripción/Cambio. Reconozco de igual
forma que he leído y que expresamente apruebo los términos y condiciones establecidos en la Sección 4 (“Naturaleza
del Otorgamiento”) en el Formulario de Inscripción/Cambio, que claramente establece lo siguiente:

 

		1.	La participación en el ESPP
                                            no constituye un derecho adquirido;

 

		2.	El ESPP y mi participación en
                                            el mismo se ofrecen por Workday de forma totalmente discrecional;

 

		3.	La participación en el ESPP
                                            es voluntaria; y

 

		4.	Workday y sus Subsidiarias no son responsables
                                            por ninguna disminución en el valor de las acciones que pudiera adquirir bajo el ESPP.

 

Política Laboral y Reconocimiento.
Al inscribirme y participar en el ESPP, expresamente reconozco que Workday, con oficinas registradas en 6110 Stoneridge Mall Road Pleasanton,
California U.S.A., es la única responsable por la administración del ESPP y que la participación en el mismo y la
adquisición de acciones no constituyen una relación de trabajo con Workday ya que participo en el ESPP de forma totalmente
comercial y Workday Mexico es mi único patrón. En base a lo anterior, reconozco que el ESPP y las prestaciones que se deriven
del mismo no establecen derecho alguno con Workday Mexico y que no formara parte de las condiciones de trabajo y/o prestaciones otorgadas
por Workday Mexico y que cada modificación del ESPP o su terminación, no constituirá un cambio o impedimento de
los términos y condiciones de la relación de trabajo.

 

Asimismo, reconozco que mi participación
en el ESPP es resultado de una decisión unilateral y discrecional de Workday; por lo tanto, Workday se reserva el derecho absoluto
de modificar y/o terminar mi participación en cualquier momento y sin ninguna responsabilidad hacia mí.

 

Finalmente, manifiesto que no me reservo acción
o derecho alguno por ejercer contra Workday por cualquier compensación o perjuicios relacionados a cualquier disposición
del ESPP o a las prestaciones derivadas del mismo, y por lo tanto, eximo amplia y completamente a Workday, sus Subsidiarias, Afiliadas,
sucursales, oficinas de representación, accionistas, directores, oficiales, empleados, agentes o representantes legales de cualquier
demanda o reclamo que pudiera surgir.

 

Notifications

 

Securities Law Information. The option
grant, and any shares of Common Stock acquired, under the ESPP have not been registered with the National Register of Securities maintained
by the Mexican National Banking and Securities Commission and cannot be offered or sold publicly in Mexico. In addition, the ESPP, the
Enrollment/Change Form and any other document relating to the option may not be publicly distributed in Mexico. These materials
are addressed to Participants because of their existing relationship with Workday or a Subsidiary, and these materials should not be
reproduced or copied in any form. The offer contained in these materials does not constitute a public offering of securities, but rather
constitutes a private placement of securities addressed specifically to individuals who are present employees of Workday Mexico made
in accordance with the provisions of the Mexican Securities Market Law, and any rights under such offering shall not be assigned or transferred.

 

    	 	26	 

     

    

 

Netherlands

 

Notifications

 

Securities Law Information.

 

 

New
Zealand

 

Notifications

 

Securities Law Information. WARNING:
I am being offered the opportunity to receive an option to purchase shares of Workday in accordance with the terms of this Enrollment/Change
Form and the ESPP. If I purchase shares of Common Stock, this investment will give me a stake in the ownership of Workday. In that
case, I may receive a return if dividends are paid.

 

If Workday runs into financial difficulties and
is wound up, I will be paid only after all other creditors (including holders of preference shares, if any) have been paid. I may
lose some or all of my investment, if any.

 

New Zealand law normally requires people who
offer financial products to give information to investors before they invest. This information is designed to help investors to make
an informed decision. The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As
a result, I may not be given all the information usually required. I will also have fewer other legal protections for this investment.

 

The shares of Common Stock are quoted on the
Nasdaq. This means that if I acquire shares of Common Stock, I may be able to sell the shares of Common Stock on the Nasdaq if there
are interested buyers. I may get less than I invested. The price will depend on the demand for the shares of Common Stock.

 

For a copy of Workday’s most recent financial
statements (and, where applicable, a copy of the auditor’s report on those financial statements), as well as information on risk
factors impacting Workday’s business that may affect the value of the shares of Common Stock, I should refer to the risk factors
discussion in Workday’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are filed with the U.S.
Securities and Exchange Commission and are available online at www.sec.gov, as well as on Workday’s website at https://www.workday.com/en-us/company/investor-relations.html.

 

I should ask questions, read all documents carefully,
and seek independent financial advice before committing myself.

 

Norway

 

Notifications

 

Foreign Asset/Account Reporting Information.
If I acquire shares under the Plan, I understand that I may be subject to foreign asset reporting as part of my ordinary tax return.
Norwegian banks, financial institutions, limited companies, etc. must report certain information to the Tax Administration. Such
information may then be pre-populated in my tax return. However, if I have traded, or own, financial instruments (e.g., shares of Common
Stock), I must enter this information in Form RF-1159, which is an appendix to the tax return.

 

    	 	27	 

     

    

 

Poland

 

Terms and Conditions

 

Authorization for Payroll Deductions.
I understand that as a condition of my participation in the ESPP, I will be required to execute a Consent for Deduction form, which
will be provided to me separately. I understand that I must print out the form, sign and date the form in the applicable places, and
return a copy to Stock Administration, Workday, Inc., 175 East 400 South, Suite 200, Salt Lake City, UT 84111. Further, I
agree to execute other agreements or consents that may be required by Workday or the Employer with respect to payroll deductions under
the ESPP. I understand that if I fail to execute the Consent for Deduction form or any other form of agreement or consent that is required
with respect to payroll deductions under the ESPP, I may not be able to participate in the ESPP.

 

Exchange Control Notification. Polish
residents holding foreign securities (including shares of Common Stock) and maintaining accounts abroad (including any brokerage account)
must report information to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts
if the value of such securities and cash (calculated individually or together with all other assets/liabilities held abroad) exceeds
a specified threshold (currently PLN7,000,000). If required, the reports are due on a quarterly basis on special forms available on the
website of the National Bank of Poland.

 

In addition, any transfer of funds in excess
of a specified threshold (currently €15,000, but if such transfer is connected with business activity of an entrepreneur, PLN15,000)
must be affected through a bank account in Poland. I should maintain evidence of such foreign exchange transactions for five years, in
case of a request for their production by the National Bank of Poland.

 

Singapore

 

Notifications

 

Securities Law Information. The grant
of the option under the ESPP is being made pursuant to the “Qualifying Person” exemption under section 273(1)(f) of
the Singapore Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The ESPP has not been lodged or registered as a
prospectus with the Monetary Authority of Singapore. I understand that the option granted under the ESPP is subject to section 257 of
the SFA and I should not make (a) any subsequent sale of shares of Common Stock in Singapore or (b) any offer of such subsequent
sale of shares of Common Stock in Singapore unless such sale or offer is made (i) after six months of the grant of the option or
(ii) pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA
(Chapter 289, 2006 Ed.).

 

Director Notification Obligation. The
directors, associate directors or shadow directors of a Singapore Subsidiary are subject to certain notification requirements under the
Singapore Companies Act. Among these requirements is an obligation to notify such entity in writing within two business days of any of
the following events: (a) the acquisition or disposal of an interest (e.g., options granted under the ESPP or shares of Common
Stock) in Workday or any Subsidiary, (b) any change in previously-disclosed interests (e.g., sale of shares of Common Stock),
or (c) becoming a director, associate director or shadow director of a Subsidiary in Singapore, if the individual holds such an
interest at that time. These notification requirements apply regardless of whether the directors are residents of or employed in Singapore.

 

    	 	28	 

     

    

 

South
Africa

 

Terms and Conditions

 

Responsibility for Taxes. The following
provision supplements Section 3 of the Enrollment/Change Form:

 

By participating in the ESPP, I agree to
immediately notify the Employer of the amount of any gain I realize when I purchase shares of Common Stock. If I fail to advise the Employer
of any gain realized at purchase, then I may be liable for a fine. I will be responsible for paying the difference between the actual
tax liability and the amount withheld by Workday or the Employer.

 

Tax Clearance Certificate and Transfer of
Funds Application. I understand that to participate in the ESPP, I may be required to obtain and provide to the Employer, or
any third party designated by the Employer or Workday: (a) a Tax Clearance Certificate (with respect to Foreign Investments) bearing
the official stamp and signature of the Exchange Control Department of the South African Revenue Services (the “SARS”), and/or
(b) a Transfer of Funds Application (with respect to Foreign Investments). The Tax Clearance Certificate may need to be renewed
each 12 months or such as otherwise required by the SARS. I understand that if I do not provide a valid Tax Clearance Certificate and
Transfer of Funds Application, Workday may not be able to purchase shares of Common Stock on my behalf under the ESPP.

 

Notifications

 

Securities Law Information.  In
compliance with South African securities law, the documents listed below are available for my review on Workday’s website at https://www.workday.com/en-us/company/investor-relations.html
and on Workday’s intranet:

 

		1.	Workday’s most recent annual financial statements; and

 

		2.	Workday’s most recent ESPP prospectus.

 

A copy of the above documents will be sent to
me free of charge on written request to Workday’s Global Stock Administration by logging a People Guide Request in Service Hub.

 

I should carefully read the materials provided
before making a decision whether to participate in the ESPP. In addition, I understand that I should contact my tax advisor for
specific information concerning my personal tax situation with regard to ESPP participation.

 

Exchange Control Information. Under current
South African exchange control policy, if I am a South African resident, I may invest only a specific amount per annum in offshore
investments, including in shares of Common Stock. This is a cumulative allowance; therefore, my ability to remit funds for the purchase
of shares of Common Stock will be reduced if my foreign investment limit is utilized to make a transfer of funds offshore that is unrelated
to the ESPP. If the limit will be exceeded as a result of a purchase under the ESPP, I may still participate in the ESPP; however, I
will need to immediately sell the shares of Common Stock purchased on my behalf under the ESPP and repatriate the proceeds to South Africa
in order to ensure that I do not hold assets outside South Africa with a value in excess of the permitted offshore investment allowance
amount.

 

As the investment limit and other exchange control
requirements are subject to change without notice, I should consult my personal legal advisor prior to the purchase or sale of shares
of Common Stock under the ESPP to ensure compliance with current regulations. I am solely responsible for complying with exchange control
requirements in South Africa and neither Workday nor any Subsidiary will be liable for any fines or penalties resulting from my failure
to do so.

 

    	 	29	 

     

    

 

South
Korea

 

Terms and Conditions

 

Power of Attorney. I agree that, if requested
by Workday or the Employer, I will need to execute and return the Power of Attorney provided on the following page to my local
human resources representative in order to participate in the ESPP, and my failure to do so may prevent me from being able to participate
in the ESPP. Furthermore, I agree to execute a separate Power of Attorney (in a form substantially the same as the attached) at
Workday’s request, if Workday determines that a separate Power of Attorney is required or desirable in order to allow my continued
participation in the ESPP.

 

Notifications

 

Foreign Asset/Account Reporting Information.
Korean residents must declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to
the Korean tax authority and file a report with respect to such accounts if the monthly balance of such accounts exceeds KRW 500,000,000
(or an equivalent amount in foreign currency) on any month-end date during a calendar year.

 

    	 	30	 

     

    

 

Power of Attorney

 

KNOW ALL MEN BY THESE PRESENTS:

 

That ____________________, an employee working
for Workday Korea Limited, a company organized under the laws of the Republic of Korea with principal offices at 27th Floor,
Trade Tower, 511 Young Dong Street, Gangnam-gu, Seoul 06164, Republic of Korea, does hereby appoint attorney-in-fact, Workday Korea Limited,
through its duly appointed representative, with full power and authority to do the following:

 

1.           To
prepare, execute and file any report/application and all other documents required for implementation of the Workday Inc. 2012 Amended
and Restated Employee Stock Purchase Plan (the “ESPP”) in Korea;

 

2.           To
take any action that may be necessary or appropriate for implementation of the ESPP with the competent Korean authorities, including
but not limited to the transfer of my payroll deductions through a foreign exchange bank; and

 

3.           To
constitute and appoint, in its place and stead, and as its substitute, one or more representatives, with power of revocation.

 

I hereby ratify and confirm as my own act and
deed all that such representative may do or cause to be done by virtue of this instrument.

 

IN WITNESS WHEREOF, I have caused
this Power of Attorney to be executed in my name this _____ day of ___________, 202__.

 

	 	By:	 
	 	 	 
	 	 	(Signature)

 

    	 	31	 

     

    

 

Spain

 

Terms and Conditions

 

Nature of Grant. This provision supplements
Section 4 of the Enrollment/Change Form:

 

By enrolling in the ESPP, I consent to participate
in the ESPP and acknowledge that I have received a copy of the ESPP.

 

I understand that Workday has unilaterally, gratuitously
and discretionally decided to grant options to purchase shares of Common Stock under the ESPP to individuals who may be employees of
Workday and certain Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption
and condition that any grant will not economically or otherwise bind Workday or any Subsidiary. Consequently, I understand that
the option to purchase shares of Common Stock is granted on the assumption and condition that the option and any shares of Common Stock
purchased under the ESPP are not part of any employment contract (either with Workday or any Subsidiary) and shall not be considered
a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever.

 

In addition, I understand that the option
to purchase shares of Common Stock would not be granted to me but for the assumptions and conditions referred to herein; thus, I
acknowledge and freely accept that should any or all of the assumptions be mistaken or should any of the conditions not be met for any
reason, then any grant of options to purchase shares of Common Stock shall be null and void.

 

Further, I acknowledge, understand and agree
that my participation in the ESPP is expressly conditioned on my continued and active rendering of service, such that if my employment
terminates for any reason whatsoever, my participation in the ESPP will cease immediately, effective on the date of my termination of
active employment or service. In particular, I acknowledge, understand and agree that my participation in the ESPP will be immediately
terminated without entitlement to purchase shares of Common Stock or to any amount of indemnification in the event of my termination
of employment prior to the end of an Offering Period by reason of, including, but not limited to: resignation, retirement, disciplinary
dismissal adjudged to be with cause or adjudged/recognized to be without good cause, (i.e., subject to a “despido improcedente”),
individual or collective dismissal on objective grounds, whether adjudged and/or recognized to be with or without cause, material modification
of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’
Statue, Article 50 of the Workers’ Statue, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree
1382/1985.

 

Notifications

 

Securities Law Information. The options
to purchase shares of Common Stock do not qualify under Spanish law as securities. No “offer to the public,” as defined under
Spanish Law, has taken place or will take place in the Spanish territory. The ESPP and the Enrollment/Change Form, including this Appendix,
have not been nor will they be registered with the Comisión Nacional del Mercado de Valores (Spanish Securities Exchange
Commission), and do not constitute a public offering prospectus.

 

Exchange Control Information. I understand
that I must declare the acquisition, ownership and sale of shares of Common Stock to the Spanish Dirección General de Comercio
e Inversiones (the “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Industry,
Trade and Tourism, for statistical purposes. Generally, the declaration must be filed in January for shares of Common Stock owned
as of December 31 of the prior year on a Form D-6; however, if the value of the shares of Common Stock purchased under the
ESPP or sold exceeds a certain threshold, the declaration must be filed also within one month of the acquisition or sale, as applicable.

 

    	 	32	 

     

    

 

Further, I understand that I am required
to declare electronically to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments
(including shares of Common Stock acquired under the ESPP), and any transactions with non-Spanish residents depending on the balances
in such accounts, together with the value of such instruments as of December 31st of the relevant year, or the volume of transactions
with non-Spanish residents during the relevant year.

 

Foreign Asset/Account Reporting Information.
I understand that to the extent I hold rights or assets (e.g., cash or shares of Common Stock held in a bank or brokerage account)
outside Spain with a value in excess of €50,000 per type of right or asset as of December 31 each year, I am required
to report information on such rights and assets on my tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more
than €20,000. The reporting must be completed by March 31 following the end of the relevant tax year. I understand that
I should consult my personal tax advisor to ensure my compliance with applicable reporting obligations.

 

Sweden

 

Terms and Conditions

 

Authorization to Withhold. This provision
supplements Section 3 of the Enrollment/Change Form:

 

Without limiting the authority of Workday and/or
the Employer to satisfy their withholding obligations for Tax-Related Items as set forth in Section 3 of the Enrollment/Change Form,
by enrolling and participating in the ESPP, I authorize Workday to arrange for the sale of shares of Common Stock acquired upon
exercise of the option and to use the proceeds of such sale to satisfy Tax-Related Items, regardless of whether Workday and/or the Employer
have an obligation to withhold such Tax-Related Items.

 

Switzerland

 

Notifications

 

Securities Law Information. Neither this
document nor any other materials relating to the ESPP constitute a prospectus according to articles 35 et. seq. of the Swiss Federal
Act on Financial Services (“FinSA”), and neither this document nor any other materials relating to the ESPP may be publicly
distributed or otherwise made publicly available to any person other than an employee of Workday or any of its Subsidiaries. Further,
neither this document nor any other offering or marketing material relating to the grant of options under the ESPP have been or will
be filed with, approved or supervised by any Swiss reviewing body according to article 51 FinSA or any Swiss regulatory authority (in
particular, the Swiss Financial Market Supervisory Authority (FINMA)).

 

Foreign Asset/Account Reporting Information.
I understand that I am required to declare all of my foreign bank and brokerage accounts in which I hold cash or securities, including
the accounts that were opened and/or closed during the tax year, as well as any other assets, on an annual basis on my tax return (Wertschriftenverzeichnis).

 

    	 	33	 

     

    

 

TAIWAN

 

Notifications

 

Securities Law Information. The offer
of participation in the ESPP is available only to eligible Employees. The offer of participation in the ESPP is not a public offer of
securities by a Taiwanese company. Therefore, it is exempt from registration in Taiwan.

 

Exchange Control Information. Taiwanese
residents may acquire and remit foreign currency in relation to the ESPP into Taiwan through an authorized foreign exchange bank in an
amount of up to USD 5 million per year. If the transaction amount is TWD 500,000 or more in a single transaction, a foreign exchange
transaction form and other supporting documentation may need to be submitted to the remitting bank.

 

Thailand

 

Notifications

 

Exchange Control Information. Unless an
applicable exemption is available, Thai residents must repatriate any funds received from participating in the ESPP (such as proceeds
from the sale of shares of Common Stock and any cash dividends received in relation to such shares) to Thailand immediately upon receipt
if the amount of funds received in a single transaction is US$1,000,000 or more. Within 360 days of being remitted to Thailand, the funds
must be either converted to Thai Baht or deposited into a foreign currency deposit account maintained by a bank in Thailand. In addition,
the details of the foreign currency transaction, including the Thai resident's identification information and the purpose of the transaction,
must be provided to the authorized agent.

 

I acknowledge that if I do not comply with these
obligations, I may be subject to penalties assessed by the Bank of Thailand. I understand that, because exchange control regulations
change frequently and without notice, I should consult a legal advisor before selling shares of Common Stock to ensure compliance
with current regulations. I further understand that it is my responsibility to comply with exchange control laws in Thailand, and neither
Workday nor the Employer will be liable for any fines or penalties resulting from my failure to comply with applicable laws.

 

United
Kingdom

 

Terms and Conditions

 

Responsibility for Taxes. This provision
supplements Section 3 of the Enrollment/Change Form:

 

Without limitation to Section 3 of the Enrollment/Change
Form, I agree that I am liable for all Tax-Related Items and hereby covenant to pay all such Tax-Related Items, as and when requested
by Workday or, if different, the Employer or by Her Majesty’s Revenue & Customs (“HMRC”) (or any other tax
authority or any other relevant authority). I also agree to indemnify and keep indemnified Workday and, if different, the Employer against
any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority or any other
relevant authority) on my behalf.

 

    	 	34	 

     

    

 

Notwithstanding the foregoing, if I am an executive
officer of Workday (within the meaning of Section 13(k) of the Exchange Act), the terms of the immediately foregoing provision
will not apply. In the event that I am an executive officer and income tax is not collected from or paid by me within ninety (90) days
of the end of the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected
income tax may constitute a benefit to me on which additional income tax and national insurance contributions (“NICs”) may
be payable. I understand that I will be responsible for reporting any income tax due on this additional benefit directly to HMRC under
the self-assessment regime and for paying Workday or the Employer (as applicable) for the value of any employee NICs due on this additional
benefit, which Workday or the Employer may obtain from me by any of the means referred to in the ESPP or Section 3 of the Enrollment/Change
Form.

 

Notifications

 

Securities Law Information. Workday has
prepared and made available an Information Document in reliance on an exemption from prospectus requirements that may otherwise apply
to the offer of the ESPP in the United Kingdom. The Information Document is available at https://wdworkspace--simpplr.visualforce.com/apex/FileDetail?siteId=a114T000000tomZQAQ&fileId=0694T000000SwdMQAS.

 

    	 	35Exhibit 10.1

 

REGISTRATION
RIGHTS AGREEMENT

 

This Registration Rights Agreement (this “Agreement”)
is made and entered into as of June 17, 2022, by and among HOOKIPA Pharma Inc., a Delaware corporation (the “Company”),
and the Gilead Sciences, Inc. (the “Purchaser”).

 

This Agreement is made pursuant to the Stock Purchase
Agreement, dated as of February 15, 2022 between the Company and the Purchaser (the “Purchase Agreement”).

 

NOW, THEREFORE, IN CONSIDERATION of the mutual
covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,
the Company and the Purchaser agree as follows:

 

1.          Definitions.
Capitalized terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such
terms in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
has the meaning set forth in Section 6(c).

 

“Affiliate”
means, with respect to any person, any other person which directly or indirectly controls, is controlled by, or is under common control
with, such person.

 

“Agreement”
has the meaning set forth in the Preamble.

 

“Business Day”
means a day, other than a Saturday or Sunday, on which banks in New York City are open for the general transaction of business.

 

“Closing”
means the purchase and sale of additional shares of Common Stock pursuant to Section 1 of the Purchase Agreement.

 

“Commission”
means the Securities and Exchange Commission.

 

“Common Stock”
means the common stock of the Company, par value $0.0001 per share, and any securities into which such common stock may hereinafter be
reclassified.

 

“Company”
has the meaning set forth in the Preamble.

 

“Effective Date”
means the date that the Registration Statement filed pursuant to Section 2(a) is declared effective by the Commission.

 

“Effectiveness Period” has the
meaning set forth in Section 2(b).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Filing Deadline” means, with
respect to the Initial Registration Statement required to be filed pursuant to Section 2(a), the six (6) month anniversary
of the date of Purchase Agreement, and with respect to any Subsequent Registration Statement required to be filed pursuant to Section 2(a),
the four (4) month anniversary of the Closing related to the purchase of such Registrable Securities; provided, however, that
if the Filing Deadline falls on a Saturday, Sunday or other day that the Commission is closed for business, the Filing Deadline shall
be extended to the next Business Day on which the Commission is open for business.

 

    

    

    

 

“Holder” means the holder or holders,
as the case may be, from time to time of Registrable Securities.

 

“Indemnified Party”
has the meaning set forth in Section 5(c).

 

“Indemnifying Party”
has the meaning set forth in Section 5(c).

 

“Initial Registration
Statement” means the initial Registration Statement filed pursuant to Section 2(a) of this Agreement with respect
to the registration of the Initial Shares.

 

“Initial
Shares” means the 1,666,666 Shares issued pursuant to the Purchase Agreement on February 15, 2022.

 

“Losses”
has the meaning set forth in Section 5(a).

 

“New Registration Statement”
has the meaning set forth in Section 2(a).

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company,
joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Principal Market” means the Trading
Market on which the Common Stock is primarily listed and quoted for trading, which, as of the Effective Date (as defined in the Purchase
Agreement), shall be The Nasdaq Global Select Market.

 

“Proceeding” means an action,
claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition),
whether commenced or threatened.

 

“Prospectus” means the prospectus
included in a Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from
a prospectus filed as part of an effective registration statement in reliance upon Rule 430B promulgated under the Securities Act),
as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities
covered by a Registration Statement, and all other amendments and supplements to the Prospectus, including post-effective amendments,
and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus.

 

“Purchase Agreement” has the meaning
set forth in the Recitals.

 

“Purchaser” has the meaning set
forth in the Preamble.

 

“Registrable
Securities” means all of (i) the Shares and (ii) any securities issued or issuable upon any conversion, exercise,
stock split, dividend or other distribution, merger, consolidation, exchange, recapitalization or similar event with respect to the foregoing,
provided, that the Holder has completed and delivered to the Company a Selling Stockholder Questionnaire; and provided, further,
the Holder’s Shares shall cease to be Registrable Securities upon the earlier to occur of the following: (A) a sale pursuant
to a Registration Statement or Rule 144 under the Securities Act (in which case, only such securities sold by the Holder shall cease
to be a Registrable Security); and (B) becoming eligible for resale by the Holder under Rule 144 without the requirement
for the Company to be in compliance with the current public information required thereunder and without volume or manner-of-sale restrictions,
pursuant to a written opinion letter from the Company to such effect, addressed, delivered and acceptable to the Transfer Agent.

 

    2

    

    

 

“Registration Statements” means
any one or more registration statements of the Company filed under the Securities Act that covers the resale of any of the Registrable
Securities pursuant to the provisions of this Agreement (including without limitation the Initial Registration Statement, any Subsequent
Registration Statement, the New Registration Statement and any Remainder Registration Statements), the amendments and supplements to such
Registration Statements, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be
incorporated by reference in such Registration Statements.

 

“Remainder Registration Statement”
has the meaning set forth in Section 2(a).

 

“Rule 144” means Rule 144
promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same effect as such rule.

 

“Rule 415” means Rule 415
promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same effect as such rule.

 

“Rule 424” means Rule 424
promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same effect as such rule.

 

“SEC Guidance”
means (i) any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff and (ii) the
Securities Act.

 

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

 

“Selling Stockholder
Questionnaire” means a questionnaire in the form attached as Annex B hereto, or such other form of questionnaire as may
reasonably be adopted by the Company from time to time.

 

“Shares”
means the maximum number of shares of Common Stock issued, to be issued or issuable to the Purchaser pursuant to the Purchase Agreement.

 

“Subsequent Registration
Statement” means any Registration Statement filed pursuant to Section 2(a) of this Agreement registering Subsequent
Shares.

 

“Subsequent Shares”
means any Shares issued pursuant to the Purchase Agreement, after the date hereof, in accordance with the terms and conditions of the
Purchase Agreement.

 

“Trading Day”
means (i) a day on which the Common Stock is listed or quoted and traded on its Principal Market (other than the OTC Bulletin Board),
or (ii) if the Common Stock is not listed on a Trading Market (other than the OTC Bulletin Board), a day on which the Common Stock
is traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (iii) if the Common Stock is not quoted on any
Trading Market, a day on which the Common Stock is quoted in the over-the-counter market as reported in the “pink sheets”
by Pink Sheets LLC (or any similar organization or agency succeeding to its functions of reporting prices); provided, that in the
event that the Common Stock is not listed or quoted as set forth in (i), (ii) and (iii) hereof, then Trading Day shall mean
a Business Day.

 

    3

    

    

 

“Trading Market”
means whichever of the New York Stock Exchange, the NYSE American (formerly the American Stock Exchange), the NASDAQ Global Select Market,
the NASDAQ Global Market, the NASDAQ Capital Market or OTC Bulletin Board on which the Common Stock is listed or quoted for trading on
the date in question.

 

2.          Registration.

 

(a)          On
or prior to the applicable Filing Deadline, the Company shall prepare and file with the Commission a Registration Statement covering the
resale of all of the Registrable Securities not already covered by an existing and effective Registration Statement for an offering to
be made on a delayed or continuous basis pursuant to Rule 415 or, if Rule 415 is not available for offers and sales of the Registrable
Securities, by such other means of distribution of Registrable Securities as the Holder may reasonably specify (the “Initial
Registration Statement”). The Initial Registration Statement and each Subsequent Registration Statement, if any, shall be on
Form S-3 and shall contain (except if otherwise required pursuant to written comments received from the Commission upon a review
of such Registration Statement) the “Plan of Distribution” section attached hereto as Annex A (which may be modified
to respond to comments, if any, provided by the Commission). Notwithstanding the registration obligations set forth in this Section 2,
in the event the Commission informs the Company that all of the Registrable Securities cannot, as a result of the application of Rule 415,
be registered for resale as a secondary offering on a single registration statement, the Company agrees to promptly (i) inform the
Holder and use its commercially reasonable efforts to file amendments to the Initial Registration Statement, or Subsequent Registration
Statement, as required by the Commission and/or (ii) withdraw the applicable Registration Statement and file a new registration statement
(a “New Registration Statement”), in either case covering the maximum number of Registrable Securities permitted to
be registered by the Commission, on Form S-3; provided, however, that prior to filing such amendment or New Registration Statement,
the Company shall be obligated to use its commercially reasonable efforts to advocate with the Commission for the registration of all
of the Registrable Securities in accordance with the SEC Guidance, including without limitation, the Securities Act Rules Compliance
and Disclosure Interpretations Question 612.09. In the event the Company amends the Initial Registration Statement or Subsequent Registration
Statement, or files a New Registration Statement, as the case may be, under clauses (i) or (ii) above, the Company will use
its commercially reasonable efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance provided to the
Company or to registrants of securities in general, one or more registration statements on Form S-3 (the “Remainder Registration
Statements”).

 

(b)          The
Company shall use its commercially reasonable efforts to cause each Registration Statement to be declared effective by the Commission
as soon as practicable and shall use its commercially reasonable efforts to keep each Registration Statement continuously effective under
the Securities Act until the earlier of (i) such time as all of the Registrable Securities covered by such Registration Statement
have been publicly sold by the Holder and (ii) the date on which the Holder ceases to hold Registrable Securities (the “Effectiveness
Period”). The Company shall telephonically request effectiveness of a Registration Statement as of 5:00 P.M. New York City
time on a Trading Day. The Company shall promptly notify the Holder via facsimile or electronic mail of a “.pdf” format data
file of the effectiveness of a Registration Statement on the same Trading Day that the Company telephonically confirms effectiveness with
the Commission, which date of confirmation shall initially be the date requested for effectiveness of such Registration Statement.

 

    4

    

    

 

(c)          Holder
agrees to furnish to the Company a completed Selling Stockholder Questionnaire not more than fifteen (15) Trading Days following the date
of this Agreement. At least twelve (12) Trading Days prior to the first anticipated filing date of a Registration Statement for any registration
under this Agreement, the Company will notify the Holder of the information the Company requires from the Holder other than the information
contained in the Selling Stockholder Questionnaire, if any, which shall be completed and delivered to the Company promptly upon request
and, in any event, within seven (7) Trading Days prior to the applicable anticipated filing date. The Holder acknowledges and agrees
that the information in the Selling Stockholder Questionnaire or request for further information as described in this Section 2(c) will
be used by the Company in the preparation of the Registration Statement and hereby consents to the inclusion of such information in the
Registration Statement.

 

(d)          In
the event that Form S-3 is not  available for the registration of the resale of Registrable Securities hereunder, the Company
shall undertake to register the Registrable Securities on Form S-3 promptly after such form is available, provided that the
Company shall maintain the effectiveness of the Registration Statement then in effect until such time as a Registration Statement on Form S-3
covering the Registrable Securities has been declared effective by the Commission.

 

3.          Registration
Procedures

 

In connection with the Company's registration obligations
hereunder, the Company shall:

 

(a)          Not
less than five (5) Business Days prior to the filing of each Registration Statement and not less than three (3) Business Days
prior to the filing of any related Prospectus or any amendment or supplement thereto (except for Annual Reports on Form 10-K, and
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and any similar or successor reports), (i) furnish to the
Holder copies of such Registration Statement, Prospectus or amendment or supplement thereto, as proposed to be filed, which documents
will be subject to the review of the Holder (it being acknowledged and agreed that if the Holder does not object to or comment on the
aforementioned documents within such five (5) Business Day or three (3) Business Day period, as the case may be, then the Holder
shall be deemed to have consented to and approved the use of such documents) and (ii) use commercially reasonable efforts to cause
its officers and directors, counsel and independent registered public accountants to respond to such inquiries as shall be necessary,
in the reasonable opinion of respective counsel to the Holder, to conduct a reasonable investigation within the meaning of the Securities
Act. The Company shall not file any Registration Statement or amendment or supplement thereto in a form to which the Holder reasonably
objects in good faith, provided that, the Company is notified of such objection in writing within the five (5) Business Day or three
(3) Business Day period described above, as applicable.

 

(b)          (i) 
Prepare and file with the Commission such amendments (including post-effective amendments) and supplements to each Registration Statement
and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement continuously effective as to the
applicable Registrable Securities for its Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by
any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant
to Rule 424; (iii) respond as promptly as reasonably practicable to any comments received from the Commission with respect to
each Registration Statement or any amendment thereto and, as promptly as reasonably possible, provide the Holder true and complete copies
of all correspondence from and to the Commission relating to such Registration Statement that pertains to the Holder as “Selling
Stockholder” but not any comments that would result in the disclosure to the Holder of material and non-public information concerning
the Company; and (iv) comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all
Registrable Securities covered by a Registration Statement until such time as all of such Registrable Securities shall have been disposed
of (subject to the terms of this Agreement) in accordance with the intended methods of disposition by the Holder thereof as set forth
in such Registration Statement as so amended or in such Prospectus as so supplemented; provided, however, that the Purchaser shall
be responsible for the delivery of the Prospectus to the Persons to whom the Purchaser sells any of the Shares (including in accordance
with Rule 172 under the Securities Act), and the Purchaser agrees to dispose of Registrable Securities in compliance with the “Plan
of Distribution” described in the Registration Statement and otherwise in compliance with applicable federal and state securities
laws. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement
(including pursuant to this Section 3(b)) by reason of the Company filing a report on Form 10-K, Form 10-Q or Form 8-K
or any analogous report under the Exchange Act, the Company shall have incorporated such report by reference into such Registration Statement,
if applicable, or shall file such amendments or supplements with the Commission on the same day on which the Exchange Act report which
created the requirement for the Company to amend or supplement such Registration Statement was filed.

 

    5

    

    

 

(c)          Notify
the Holder (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the
use of the Prospectus until the requisite changes have been made) as promptly as reasonably practicable (and, in the case of (i)(A) below,
not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice in writing no later
than one (1) Trading Day following the day: (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment
to a Registration Statement is proposed to be filed; (B) when the Commission notifies the Company whether there will be a “review”
of such Registration Statement and whenever the Commission comments in writing on any Registration Statement (in which case the Company
shall provide to the Holder true and complete copies of all comments that pertain to the Holder as a “Selling Stockholder”
or to the “Plan of Distribution” and all written responses thereto, but not information that the Company believes would constitute
material and non-public information); and (C) with respect to each Registration Statement or any post-effective amendment, when the
same has become effective; (ii) of any request by the Commission or any other Federal or state governmental authority for amendments
or supplements to a Registration Statement or Prospectus or for additional information that pertains to the Holder as “Selling Stockholder”
or the “Plan of Distribution”; (iii) of the issuance by the Commission or any other federal or state governmental authority
of any stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation
of any Proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or
threatening of any Proceeding for such purpose; (v) of the occurrence of any event or passage of time that makes the financial statements
included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus
or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions
to such Registration Statement, Prospectus or other documents so that, in the case of such Registration Statement or the Prospectus, as
the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein (in the case of any Prospectus, form of prospectus or supplement thereto, in light
of the circumstances under which they were made), not misleading and (vi) of the occurrence or existence of any pending corporate
development with respect to the Company that the Company reasonably believes may be material and that, in the determination of the Company,
makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided
that, any and all such information shall remain confidential to the Holder (who may disclose such information only to the Holder’s
employees, accountants, attorneys and professional advisors who need to know such information in order to fulfill such party’s obligations
to the Holder, who are informed of the confidential nature of such information and who are bound by a confidentiality and non-disclosure
provisions pertaining thereto) until such information otherwise becomes public, unless disclosure by the Holder is required by law; and
provided, further, that notwithstanding the Holder’s agreement to keep such information confidential, the Holder makes
no acknowledgement that any such information is material, non-public information; and provided, further, that any notice sent by the Company
pursuant to clauses (iii)-(vi) of this paragraph shall be deemed to be an exercise by the Company of its right under Section 3(h) hereof
to suspend the availability of a Registration Statement and Prospectus.

 

    6

    

    

 

(d)          Use
commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness
of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable
Securities for sale in any jurisdiction, as soon as practicable.

 

(e)          If
requested by the Holder, furnish to the Holder, without charge, at least one conformed copy of each Registration Statement and each amendment
thereto and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly
after the filing of such documents with the Commission; provided, that the Company shall have no obligation to provide any document
pursuant to this clause that is available on the Commission’s EDGAR system.

 

(f)          Prior
to any resale of Registrable Securities by the Holder, use its commercially reasonable efforts to register or qualify or cooperate with
the selling Holder in connection with the registration or qualification (or exemption from the registration or qualification) of such
Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States
as the Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the
Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of
the Registrable Securities covered by each Registration Statement; provided, that the Company shall not be required to qualify
generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction
where it is not then so subject or file a general consent to service of process in any such jurisdiction.

 

(g)          If
requested by the Holder, cooperate with the Holder to facilitate the timely preparation and delivery of certificates or book entry statements,
as applicable, representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates
or statements shall be free, to the extent permitted by the Purchase Agreement and under law, of all restrictive legends, and to enable
such Registrable Securities to be in such denominations and registered in such names as the Holder may reasonably request.

 

(h)          Following
the occurrence of any event contemplated by Section(c), as promptly as reasonably practicable (taking into account the Company’s
good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event), prepare
a supplement or amendment, including a post-effective amendment, to the affected Registration Statements or a supplement to the related
Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that,
as thereafter delivered, no Registration Statement nor any Prospectus will contain an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, form of prospectus
or supplement thereto, in light of the circumstances under which they were made), not misleading. If the Company notifies the Holder in
accordance with clauses (iii) through (vi) of Section 3(c) above to suspend the use of any Prospectus until
the requisite changes to such Prospectus have been made, then the Holder shall suspend use of such Prospectus. The Company will use its
reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled
to exercise its right under this Section 3(h) to suspend the availability of a Registration Statement and Prospectus
for a period not to exceed forty (40) calendar days (which need not be consecutive days) in any twelve (12) month period. For the avoidance
of doubt, any period of time for which the availability of a Registration Statement and Prospectus are suspended pursuant to Section 2(d) shall
be disregarded when determining the time period allotted under this Section 3(h).

 

    7

    

    

 

(i)          Use
commercially reasonable efforts to cause all Registrable Securities covered by a Registration Statement to be listed on the Principal
Market.

 

(j)          The
Company may require the selling Holder to furnish to the Company a certified statement as to (i) the number of shares of Common Stock
beneficially owned by the Holder and any Affiliate thereof, (ii) any Financial Industry Regulatory Authority (“FINRA”)
affiliations, (iii) any natural persons who have the power to vote or dispose of the Shares and (iv) any other information as
may be requested by the Commission, FINRA or any state securities commission.

 

(k)          The
Company shall cooperate with any registered broker through which the Holder proposes to resell its Registrable Securities in effecting
a filing with FINRA pursuant to FINRA Rule 5110 as requested by the Holder and the Company shall pay the filing fee required for
the first such filing within two (2) Business Days of the request therefor.

 

(l)          If
the Company includes any securities, other than Registrable Securities, in the Registration Statement, and the Company is required to
cut-back the number of securities in such Registration Statement, for any reason, the Company will not cut-back any Registrable Securities
prior to cutting-back all such other securities.

 

4.          Registration
Expenses. All fees and expenses incident to the Company’s performance of or compliance with its obligations under this Agreement
(excluding any underwriting discounts and selling commissions and all legal fees and expenses of legal counsel for the Holder) shall be
borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred
to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation,
fees and expenses (A) with respect to filings required to be made with any Trading Market on which the Common Stock is then listed
for trading, (B) with respect to compliance with applicable state securities or Blue Sky laws (including, without limitation, fees
and disbursements of counsel for the Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities and
determination of the eligibility of the Registrable Securities for investment under the laws of such jurisdictions as requested by the
Holder) and (C) if not previously paid by the Company in connection with Section 3(k) above, with respect to any
filing that may be required to be made by any broker through which the Holder intends to make sales of Registrable Securities with FINRA
pursuant to the FINRA Rule 5110, so long as the broker is receiving no more than a customary brokerage commission in connection with
such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities and
of printing prospectuses if the printing of prospectuses is reasonably requested by the Holder), (iii) messenger, telephone and delivery
expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance, if the Company so
desires such insurance, and (vi) fees and expenses of all other Persons retained by the Company in connection with the consummation
of the transactions contemplated by this Agreement. In addition, the Company shall be responsible for all of its internal expenses incurred
in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses
incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. In no event shall
the Company be responsible for any underwriting, broker or similar fees or commissions of the Holder or any legal fees or other costs
of the Holder.

 

    8

    

    

 

5.          Indemnification.

 

(a)          Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Holder
and its officers, directors, agents, partners, members, managers, stockholders, Affiliates and employees, each Person who controls the
Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors,
partners, members, managers, stockholders, agents and employees of each such controlling Person, to the fullest extent permitted by applicable
law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation
and investigation and reasonable attorneys' fees) and expenses (collectively, “Losses”), as incurred, that arise out
of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus
or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to
any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in
the case of any Prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not
misleading, or (ii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities
law or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement, except to the
extent, but only to the extent, that (A) such untrue statements, alleged untrue statements, omissions or alleged omissions are based
solely upon information regarding the Holder furnished in writing to the Company by the Holder expressly for use therein, or to the extent
that such information relates to the Holder or the Holder's proposed method of distribution of Registrable Securities and was reviewed
and approved in writing by the Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus or in
any amendment or supplement thereto (it being understood that the Holder has approved Annex A hereto for this purpose) or (B) in
the case of a suspension of the availability of a Registration Statement or Prospectus pursuant to Section 3(h), related to
the use by the Holder of an outdated or defective Prospectus after the Company has notified the Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by the Holder of the Advice contemplated and defined in Section 6(c) below,
to the extent that following the receipt of the Advice the misstatement or omission giving rise to such Loss would have been corrected
or (C) to the extent that any such Losses arise out of the Purchaser’s (or any other indemnified Person’s) failure to
send or give a copy of the Prospectus or supplement (as then amended or supplemented), if required, pursuant to Rule 172 under the
Securities Act (or any successor rule) to the Persons asserting an untrue statement or alleged untrue statement or alleged untrue statement
or omission or alleged omission at or prior to the written confirmation of the sale of Registrable Securities to such Person if such statement
or omission was corrected in such Prospectus or supplement. The Company shall notify the Holder promptly of the institution, threat or
assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the Company is
aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an Indemnified Party
(as defined in Section 5(c)) and shall survive the transfer of the Registrable Securities by the Holder.

 

(b)          Indemnification
by Holder. The Holder shall indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who
controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors,
officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses,
as incurred, arising out of or are based solely upon any untrue or alleged untrue statement of a material fact contained in any Registration
Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising
out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they
were made) not misleading (i) to the extent that such untrue statements or omissions are based solely upon information regarding
the Holder furnished in writing to the Company by the Holder expressly for use therein or (ii) to the extent that such information
relates to the Holder or the Holder’s proposed method of distribution of Registrable Securities and was reviewed and approved in
writing by the Holder expressly for use in a Registration Statement (it being understood that the Holder has approved Annex A hereto
for this purpose), such Prospectus or such form of Prospectus or in any amendment or supplement thereto or (iii) in the case of a
suspension of the availability of a Registration Statement or Prospectus pursuant to Section 3(h), to the extent related to
the use by the Holder of an outdated or defective Prospectus after the Company has notified the Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by the Holder of the Advice contemplated in Section 6(c). In no event shall
the liability of the selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by the Holder upon
the sale of the Registrable Securities giving rise to such indemnification obligation.

 

    9

    

    

 

(c)          Conduct
of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the
 “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including
the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all reasonable fees and expenses incurred
in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not relieve the
Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally
determined by a court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall
have materially and adversely prejudiced the Indemnifying Party.

 

An Indemnified Party shall have the right to employ
separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be
at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and
expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably
satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding (including any impleaded
parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel
that a conflict of interest exists if the same counsel were to represent such Indemnified Party and the Indemnifying Party (in which case,
if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying
Party, the Indemnifying Party shall not have the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying
Party); provided, that the Indemnifying Party shall not be liable for the fees and expenses of more than one separate firm of attorneys
at any time for all Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected
without its written consent, which consent shall not be unreasonably withheld, delayed or conditioned. No Indemnifying Party shall, without
the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified
Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that
are the subject matter of such Proceeding.

 

Subject
to the terms of this Agreement, all fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred
in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section 5)
shall be paid to the Indemnified Party, as incurred, within twenty (20) Trading Days of written notice thereof to the Indemnifying Party;
provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses
applicable to such actions for which such Indemnified Party is finally judicially determined to not be entitled to indemnification hereunder).
The failure to deliver written notice to the Indemnifying Party within a reasonable time of the commencement of any such action shall
not relieve such Indemnifying Party of any liability to the Indemnified Party under this Section 5, except to the extent that
the Indemnifying Party is materially and adversely prejudiced in its ability to defend such action.

 

    10

    

    

 

(d)          Contribution.
If a claim for indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient
to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to
reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that
resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified
Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information
supplied by, such Indemnifying Party or Indemnified Party, and the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed
to include, subject to the limitations set forth in this Agreement, any reasonable attorneys' or other reasonable fees or expenses incurred
by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the
indemnification provided for in this Section 5 was available to such party in accordance with its terms.

 

The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined
by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in
the immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), (A) the Holder shall not be
required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by the Holder
from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages that the Holder has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission and
(B) no contribution will be made under circumstances where the maker of such contribution would not have been required to indemnify
the Indemnified Party under the fault standards set forth in this Section 5. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation.

 

The indemnity and contribution agreements contained in this Section 5
are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties and are not in diminution or limitation
of the indemnification provisions under the Purchase Agreement.

 

6.          Miscellaneous.

 

(a)          Remedies.
In the event of a breach by the Company or by the Holder of any of their obligations under this Agreement, the Holder or the Company,
as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement, including recovery of
damages, will be entitled to specific performance of its rights under this Agreement. The Company and the Holder agree that monetary damages
would not provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement
and hereby further agrees that, in the event of any action for specific performance in respect of such breach, it shall waive the defense
that a remedy at law would be adequate.

 

(b)          Compliance.
The Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it
(unless an exemption therefrom is available) in connection with sales of Registrable Securities pursuant to the Registration Statement
and shall sell the Registrable Securities only in accordance with a method of distribution described in the Registration Statement.

 

    11

    

    

 

(c)          Discontinued
Disposition. By its acquisition of Registrable Securities, the Holder agrees that, upon a suspension of the availability of a Registration
Statement or Prospectus pursuant to Section 3(h), the Holder will forthwith discontinue disposition of such Registrable Securities
under a Registration Statement until it is advised in writing (the “Advice”) by the Company that the use of the applicable
Prospectus (as it may have been supplemented or amended) may be resumed. The Company will use its commercially reasonable efforts to ensure
that the use of the Prospectus may be resumed as promptly as practicable.

 

(d)          No
Inconsistent Agreements. Neither the Company nor any of its subsidiaries has entered, as of the date hereof, nor shall the Company
or any of its subsidiaries, on or after the date hereof, enter into any agreement with respect to its securities, that would have the
effect of impairing the rights granted to the Holder in this Agreement or otherwise conflicts with the provisions hereof.

 

(e)          Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented,
or waived unless the same shall be in writing and signed by the Company and the Holder.

 

(f)          Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as set forth
in the Purchase Agreement.

 

(g)          Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the
parties and shall inure to the benefit of the Holder. Nothing in this Agreement, express or implied, is intended to confer upon any party
other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by
reason of this Agreement, except as expressly provided in this Agreement. The Company may not assign its rights (except by merger or in
connection with another entity acquiring all or substantially all of the Company’s assets) or obligations hereunder without the
prior written consent of the Holder of the then outstanding Registrable Securities. The Holder may assign its rights hereunder to the
Persons as permitted under the Purchase Agreement; provided in each case that (i) the Holder agrees in writing with the transferee
or assignee to assign such rights and related obligations under this Agreement, and for the transferee or assignee to assume such obligations,
and a copy of such agreement is furnished to the Company within a reasonable time after such assignment, (ii) the Company is, within
a reasonable time after such transfer or assignment, furnished with written notice of the name and address of such transferee or assignee
and the securities with respect to which such registration rights are being transferred or assigned, (iii) at or before the time
the Company received the written notice contemplated by clause (ii) of this sentence, the transferee or assignee agrees in writing
with the Company to be bound by all of the provisions contained herein and (iv) the transferee is an “accredited investor,”
as that term is defined in Rule 501 of Regulation D.

 

(h)          Execution
and Counterparts. This Agreement may be executed in two or more counterparts, each of which when so executed shall be deemed to be
an original and, all of which taken together shall constitute one and the same Agreement and shall become effective when counterparts
have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.
In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with
the same force and effect as if such facsimile or “.pdf” signature were the original thereof.

 

    12

    

    

 

 

 

(i)            Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined in
accordance with the provisions of the Purchase Agreement.

 

(j)            Cumulative
Remedies. The remedies provided herein are cumulative and not exclusive of any other remedies provided by law.

 

(k)           Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their good faith reasonable efforts
to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

 

(l)            Headings.
The headings in this Agreement are for convenience only and shall not limit or otherwise affect the meaning hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    13

     

    

 

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

 

	 	HOOKIPA PHARMA INC.
	 	 	 
	 	By: 	/s/ Joern Aldag
	 	 	Name: Joern Aldag
	 	 	Title: Chief Executive Officer

 

[Signature Page to Registration Rights Agreement]

 

    

     

    

 

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

 

	 	GILEAD SCIENCES, INC.
	 	 	 
	 	By:	/s/ Devang Bhuva
	 	 	Name: Devang Bhuva
	 	 	Title: SVP, Corporate Development

 

[Signature Page to Registration Rights Agreement]

 

    

     

    

 

Annex
A

 

PLAN OF DISTRIBUTION

 

We are registering the shares
of Common Stock issued to the selling stockholder to permit the resale of these shares of Common Stock by the holder of the shares of
Common Stock from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling
stockholder of the shares of Common Stock. We will bear all fees and expenses incident to our obligation to register the shares of Common
Stock.

 

The selling stockholder may
sell all or a portion of the shares of Common Stock beneficially owned by them and offered hereby from time to time directly or through
one or more underwriters, broker-dealers or agents. If the shares of Common Stock are sold through underwriters or broker-dealers, the
selling stockholder will be responsible for underwriting discounts or commissions or agent's commissions. The shares of Common Stock may
be sold on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale,
in the over-the-counter market or in transactions otherwise than on these exchanges or systems or in the over-the-counter market and in
one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time
of sale, or at negotiated prices. These sales may be effected in transactions, which may involve crosses or block transactions. The selling
stockholder may use any one or more of the following methods when selling shares:

 

		•	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

		•	block trades in which the broker-dealer will attempt to sell the shares as agent but may position and
resell a portion of the block as principal to facilitate the transaction;

 

		•	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

 

		•	an exchange distribution in accordance with the rules of the applicable exchange;

 

		•	privately negotiated transactions;

 

		•	settlement of short sales entered into after the effective date of the registration statement of which
this prospectus is a part;

 

		•	broker-dealers may agree with the selling stockholder to sell a specified number of such shares at a stipulated
price per share;

 

		•	through the writing or settlement of options or other hedging transactions, whether such options are listed
on an options exchange or otherwise;

 

		•	a combination of any such methods of sale; and

 

		•	any other method permitted pursuant to applicable law.

 

The selling stockholder also
may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act, as permitted
by that rule, or Section 4(a)(1) under the Securities Act, if available, rather than under this prospectus, provided that they
meet the criteria and conform to the requirements of those provisions.

 

    

     

    

 

Broker-dealers engaged by
the selling stockholder may arrange for other broker-dealers to participate in sales. If the selling stockholder effects such transactions
by selling shares of Common Stock to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers or agents may
receive commissions in the form of discounts, concessions or commissions from the selling stockholder or commissions from purchasers of
the shares of Common Stock for whom they may act as agent or to whom they may sell as principal. Such commissions will be in amounts to
be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction will not be in excess
of a customary brokerage commission in compliance with FINRA Rule 2121; and in the case of a principal transaction a markup or markdown
in compliance with FINRA 2121.01.

 

In connection with sales of
the shares of Common Stock or otherwise, the selling stockholder may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the shares of Common Stock in the course of hedging in positions they assume.
The selling stockholder may also sell shares of Common Stock short and if such short sale shall take place after the date that this Registration
Statement is declared effective by the Commission, the selling stockholder may deliver shares of Common Stock covered by this prospectus
to close out short positions and to return borrowed shares in connection with such short sales. The selling stockholder may also loan
or pledge shares of Common Stock to broker-dealers that in turn may sell such shares, to the extent permitted by applicable law. The selling
stockholder may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one
or more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by this
prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or
amended to reflect such transaction). Notwithstanding the foregoing, the selling stockholder has been advised that they may not use shares
registered on this registration statement to cover short sales of our Common Stock made prior to the date the registration statement,
of which this prospectus forms a part, has been declared effective by the SEC.

 

The selling stockholder may,
from time to time, pledge or grant a security interest in some or all of the shares of Common Stock owned by them and, if they default
in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of Common Stock from time
to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of
the Securities Act, amending, if necessary, the list of selling stockholders to include the pledgee, transferee or other successors in
interest as selling stockholders under this prospectus. The selling stockholder also may transfer and donate the shares of common stock
in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial
owners for purposes of this prospectus.

 

The selling stockholder and
any broker-dealer or agents participating in the distribution of the shares of Common Stock may be deemed to be “underwriters”
within the meaning of Section 2(11) of the Securities Act in connection with such sales. In such event, any commissions paid, or
any discounts or concessions allowed to, any such broker-dealer or agent and any profit on the resale of the shares purchased by them
may be deemed to be underwriting commissions or discounts under the Securities Act. A selling stockholder who is an "underwriter"
within the meaning of Section 2(11) of the Securities Act will be subject to the applicable prospectus delivery requirements of the
Securities Act including Rule 172 thereunder and may be subject to certain statutory liabilities of, including but not limited to,
Sections 11, 12 and 17 of the Securities Act and Rule 10b-5 under the Securities Exchange Act of 1934, as amended, or the Exchange
Act.

 

The selling stockholder has
informed the Company that it is not a registered broker-dealer and does not have any written or oral agreement or understanding, directly
or indirectly, with any person to distribute the Common Stock. Upon the Company being notified in writing by the selling stockholder that
any material arrangement has been entered into with a broker-dealer for the sale of common stock through a block trade, special offering,
exchange distribution or secondary distribution or a purchase by a broker or dealer, a supplement to this prospectus will be filed, if
required, pursuant to Rule 424(b) under the Securities Act, disclosing (i) the name of the selling stockholder and of the
participating broker-dealer(s), (ii) the number of shares involved, (iii) the price at which such shares of Common Stock were
sold, (iv) the commissions paid or discounts or concessions allowed to such broker-dealer(s), where applicable, (v) that such
broker-dealer(s) did not conduct any investigation to verify the information set out or incorporated by reference in this prospectus,
and (vi) other facts material to the transaction. In no event shall any broker-dealer receive fees, commissions and markups, which,
in the aggregate, would exceed eight percent (8.0%).

 

    

     

    

 

Under the securities laws
of some states, the shares of Common Stock may be sold in such states only through registered or licensed brokers or dealers. In addition,
in some states the shares of Common Stock may not be sold unless such shares have been registered or qualified for sale in such state
or an exemption from registration or qualification is available and is complied with.

 

There can be no assurance
that the selling stockholder will sell any or all of the shares of Common Stock registered pursuant to the shelf registration statement,
of which this prospectus forms a part.

 

The selling stockholder and
any other person participating in such distribution will be subject to applicable provisions of the Exchange Act and the rules and
regulations thereunder, including, without limitation, to the extent applicable, Regulation M of the Exchange Act, which may limit the
timing of purchases and sales of any of the shares of Common Stock by the selling stockholder and any other participating person. To the
extent applicable, Regulation M may also restrict the ability of any person engaged in the distribution of the shares of Common Stock
to engage in market-making activities with respect to the shares of Common Stock. All of the foregoing may affect the marketability of
the shares of Common Stock and the ability of any person or entity to engage in market-making activities with respect to the shares of
Common Stock.

 

We will pay all expenses of
the registration of the shares of Common Stock pursuant to the registration rights agreement, including, without limitation, Securities
and Exchange Commission filing fees and expenses of compliance with state securities or “blue sky” laws; provided,
however, that the selling stockholder will pay all underwriting discounts and selling commissions, if any and any related legal
expenses incurred by it. We will indemnify the selling stockholder against certain liabilities, including some liabilities under the Securities
Act, in accordance with the registration rights agreement, or the selling stockholder will be entitled to contribution. We may be indemnified
by the selling stockholder against civil liabilities, including liabilities under the Securities Act, that may arise from any written
information furnished to us by the selling stockholder specifically for use in this prospectus, in accordance with the related registration
rights agreements, or we may be entitled to contribution.

 

    

     

    

 

Annex
B

 

SELLING STOCKHOLDER NOTICE AND QUESTIONNAIRE

 

The undersigned holder of
shares of the common stock, par value $0.0001 per share of HOOKIPA Pharma Inc. (the “Company”) issued pursuant to a
certain Stock Purchase Agreement by and between the Company and the Purchaser named therein, dated as of February 15, 2022, understands
that the Company intends to file with the Securities and Exchange Commission a registration statement on Form S-3 (the “Resale
Registration Statement”) for the registration and the resale under Rule 415 of the Securities Act of 1933, as amended (the
 “Securities Act”), of the Registrable Securities in accordance with the terms of that certain Registration Rights Agreement,
dated as of June 17, 2022, by and among the Company and the Purchaser (the “RRA”). All capitalized terms not
otherwise defined herein shall have the meanings ascribed thereto in the RRA.

 

In order to sell or otherwise
dispose of any Registrable Securities pursuant to the Resale Registration Statement, a holder of Registrable Securities generally will
be required to be named as a selling stockholder in the related prospectus or a supplement thereto (as so supplemented, the “Prospectus”),
deliver the Prospectus to purchasers of Registrable Securities (including pursuant to Rule 172 under the Securities Act) and be bound
by the provisions of the Agreement (including certain indemnification provisions, as described below). The Holder must complete and deliver
this Notice and Questionnaire in order to be named as selling stockholder in the Prospectus. A Holder of Registrable Securities who
does not complete, execute and return this Notice and Questionnaire within fifteen (15) Trading Days following the date of the RRA (1) will
not be named as selling stockholder in the Resale Registration Statement or the Prospectus and (2) may not use the Prospectus for
resales of Registrable Securities.

 

Certain legal consequences
arise from being named as selling stockholder in the Resale Registration Statement and the Prospectus. The Holder of Registrable Securities
is advised to consult their own securities law counsel regarding the consequences of being named or not named as selling stockholder in
the Resale Registration Statement and the Prospectus.

 

NOTICE

 

The undersigned holder (the
 “Selling Stockholder”) of Registrable Securities hereby gives notice to the Company of its intention to sell or otherwise
dispose of Registrable Securities owned by it and listed below in Item (3), unless otherwise specified in Item (3), pursuant to the Resale
Registration Statement. The undersigned, by signing and returning this Notice and Questionnaire, understands and agrees that it will be
bound by the terms and conditions of this Notice and Questionnaire and the RRA.

 

The undersigned hereby provides
the following information to the Company and represents and warrants that such information is accurate and complete:

 

QUESTIONNAIRE

 

		1.	Name.

 

	 	(a)	Full Legal Name of Selling Stockholder:
	 	 	 

 

    

     

    

 

	 	(b)	Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities
Listed in Item 3 below are held:
	 	 	 

 

	 	(c)	Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone
or with others has power to vote or dispose of the securities covered by the questionnaire):
	 	 	 

 

2. Address for Notices to Selling Stockholder:

	 
	 
	 
	Telephone:
	 
	Fax:
	 
	Contact
    Person:
	 
	E-mail address of Contact Person:________________________________________________

 

3. Registrable Securities Issuable Pursuant
to the Agreement:

 

		(a)	Type and Number of Registrable Securities:

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

		(b)	Number of shares of Common Stock to be registered pursuant to this Notice for resale:

	 	 	 
	 	 	 
	 	 	 
	 	 	 

4. Broker-Dealer Status:

 

		(a)	Are you a broker-dealer?

 

Yes  ̈           No  ̈

 

    

     

    

 

		(b)	If “yes” to Section 4(a), did you receive your
Registrable Securities as compensation for investment banking services to the Company?

 

Yes  ̈          No  ̈

 

		Note:	If no, the Commission’s staff has indicated that you should be identified as an underwriter in the
Registration Statement.

 

		(c)	Are you an affiliate of a broker-dealer?

 

Yes  ̈          No  ̈

 

		 	Note:	If yes, provide a narrative explanation below:

	 	 
	 	 
	 	 	 

		(c)	If you are an affiliate of a broker-dealer, do you certify that you bought the Registrable Securities
in the ordinary course of business, and at the time of the purchase of the Registrable Securities to be resold, you had no agreements
or understandings, directly or indirectly, with any person to distribute the Registrable Securities?

 

Yes  ̈          No  ̈

 

		 	Note:	If no, the Commission’s staff has indicated that you should be identified as an underwriter in the
Registration Statement.

 

5. Beneficial Ownership of Other Securities
of the Company Owned by the Selling Stockholder.

 

Except as set forth below in this
Item 5, the undersigned is not the beneficial or registered owner of any securities of the Company other than the Registrable Securities
listed above in Item 3.

 

Type and amount
of other securities beneficially owned:

	 	 
	 	 
	 	 	 

6. Relationships with the Company:

 

Except as set forth below, neither the undersigned nor
any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned)
has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during
the past three years.

 

State any exceptions here:

	 	 	 
	 	 	 
	 	 	 

    

     

    

 

7. Plan of Distribution:

 

The undersigned has reviewed the
form of Plan of Distribution attached as Annex A to the RRA, and hereby confirms that, except as set forth below, the information contained
therein regarding the undersigned and its plan of distribution is correct and complete.

 

State any exceptions here:

	 	 	 
	 	 	 
	 	 	 

***********

 

The
undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent
to the date hereof and prior to the effective date of any applicable Resale Registration Statement. All notices hereunder and pursuant
to the RRA shall be made in writing, by hand delivery, confirmed or facsimile transmission, first-class mail or air courier guaranteeing
overnight delivery at the address set forth in the RRA. In the absence of any such notification, the Company shall be entitled to continue
to rely on the accuracy of the information in this Notice and Questionnaire.

 

By signing below, the undersigned consents to
the disclosure of the information contained herein in its answers to Items (1) through (7) above and the inclusion of such information
in the Resale Registration Statement and the Prospectus. The undersigned understands that such information will be relied upon by the
Company in connection with the preparation or amendment of any such Registration Statement and the Prospectus.

 

By
signing below, the undersigned acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions
of the Exchange Act and the rules and regulations thereunder, particularly Regulation M in connection with any offering of
Registrable Securities pursuant to the Resale Registration Statement. The undersigned also acknowledges that it understands that the answers
to this Questionnaire are furnished for use in connection with Registration Statements filed pursuant to the RRA and any amendments or
supplements thereto filed with the Commission pursuant to the Securities Act.

 

The undersigned hereby acknowledges and is advised
of the following Question 239.10 of the Securities Act Rules Compliance and Disclosure Interpretations regarding short selling:

 

“An Issuer filed a Form S-3 registration
statement for a secondary offering of common stock which is not yet effective. One of the selling stockholders wanted to do a short sale
of common stock “against the box” and cover the short sale with registered shares after the effective date. The issuer was
advised that the short sale could not be made before the registration statement become effective, because the shares underlying the short
sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section 5 if the shares were
effectively sold prior to the effective date.”

 

By returning this Questionnaire, the undersigned
will be deemed to be aware of the foregoing interpretation.

 

I confirm that, to the best of my knowledge and belief, the foregoing
statements (including without limitation the answers to this Questionnaire) are correct.

 

    

     

    

 

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused
this Questionnaire to be executed and delivered either in person or by its duly authorized agent.

 

	Dated:	 	 	Beneficial Owner:	 
	 	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Name:	 
	 	 	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00345-of-00352.parquet"}]]