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EXHIBIT 10.1
Synchronoss Technologies, Inc.

2015 Equity Incentive Plan

(Amended and restated As of April 9, 2021)

    

Synchronoss Technologies, Inc.
amended and restated
2015 Equity Incentive Plan

ARTICLE 1.   INTRODUCTION.
The Amended and Restated Plan was adopted by the Board on April 9, 2021, and will become effective immediately upon its approval by the Company’s stockholders.  The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Service Providers to focus on critical long-range objectives, (b) encouraging the attraction and retention of Service Providers with exceptional qualifications and (c) linking Service Providers directly to stockholder interests through increased stock ownership.  The Plan seeks to achieve this purpose by providing for Awards in the form of Options (which may be ISOs or NSOs), SARs, Restricted Shares, Stock Units and Performance Cash Awards. Capitalized terms used in this Plan are defined in Article 14.
ARTICLE 2.   ADMINISTRATION.
a.General
.  The Plan may be administered by the Board or one or more Committees.  Each Committee shall comply with rules and regulations applicable to it, including under the rules of any exchange on which shares of the Company’s common stock are traded, and shall have the authority and be responsible for such functions as have been assigned to it.
b.Section 162(m).  To the extent an Award is intended to qualify as “performance-based compensation” within the meaning of Code Section 162(m), the Plan will be administered by a Committee of two or more “outside directors” within the meaning of Code Section 162(m).  
c.Section 16.  To the extent desirable to qualify transactions hereunder as exempt under Exchange Act Rule 16b-3, the transactions contemplated hereunder will be approved by the entire Board or a Committee of two or more “non-employee directors” within the meaning of Exchange Act Rule 16b-3.
d.Powers of Administrator.  Subject to the terms of the Plan, and in the case of a Committee, subject to the specific duties delegated to the Committee, the Administrator shall have the authority to (a) select the Service Providers who are to receive Awards under the Plan, (b) determine the type, number, vesting requirements and other features and conditions of such Awards, (c) determine whether and to what extent any Performance Goals have been attained, (d) interpret the Plan and Awards granted under the Plan, (e) make, amend and rescind rules relating to the Plan and Awards granted under the Plan, including rules relating to sub-plans established for the purposes of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws, (f) impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by a 

Participant of any Common Shares issued pursuant to an Award, including restrictions under an insider trading policy and restrictions as to the use of a specified brokerage firm for such resales, and (g) make all other decisions relating to the operation of the Plan and Awards granted under the Plan.  
e.Effect of Administrator’s Decisions.  The Administrator’s decisions, determinations and interpretations shall be final and binding on all Participants and any other holders of Awards.
f.Governing Law.  The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware (except its choice-of-law provisions).  
ARTICLE 3.   SHARES AVAILABLE FOR GRANTS.
a.Basic Limitation.  Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares.  The aggregate number of Common Shares issued under the Plan shall not exceed the sum of (a) 11,200,000 Common Shares, (b) the number of Common Shares reserved under the Predecessor Plan that are not issued or subject to outstanding awards under the Predecessor Plan on the Effective Date and (c) any Common Shares subject to outstanding options under the Predecessor Plan on the Effective Date that subsequently expire or lapse unexercised and Common Shares issued pursuant to awards granted under the Predecessor Plan that are outstanding on the Effective Date and that are subsequently forfeited to or repurchased by the Company at no greater than the original exercise or purchase price (if any) (provided that with respect to awards granted on or after May 10, 2010, under the Predecessor Plan, any Common Shares that again become available for issuance under the Plan under this Clause (c) shall be added back as (i) one share if such shares were subject to Options or SARs granted under the Predecessor Plan and (ii) 1.5 shares if such shares were subject to Awards other than an Option or SAR granted under the Predecessor Plan) and (d) the additional Common Shares described in Article 3.3; provided, however, that no more than 6,151,101 Common Shares, in the aggregate, shall be added to the Plan pursuant to clauses (b) and (c).  The number of Common Shares that are subject to Stock Awards outstanding at any time under the Plan may not exceed the number of Common Shares that then remain available for issuance under the Plan.  Subject to Section 3.3, the number of Common Shares that may be awarded under the Plan shall be reduced by: (a) one share for every Option and SAR granted under the Plan; and (b) 1.5 shares for every Award other than an Option or SAR granted under the Plan. The numerical limitations in this Article 3.1 shall be subject to adjustment pursuant to Article 9.
b.Intentionally Omitted. 
c.Shares Returned to Reserve.  To the extent that Options, SARs or Stock Units are forfeited or expire for any other reason before being exercised or settled in full, the Common Shares subject to such Options, SARs or Stock Units shall again become available for issuance under the Plan.  If Restricted Shares or Common Shares issued upon the exercise of Options are reacquired by the Company pursuant to a forfeiture provision or repurchase right at no greater than their original exercise or purchase price (if any), then such Common Shares shall again become available for issuance under the Plan.  Further, to the extent that an Award is settled in 

cash rather than Common Shares, the cash settlement shall not reduce the number of Shares available for issuance under the Plan.  Any Common Shares that again become available for Awards under this Section 3.3 shall be added back as (i) one share if such shares were subject to Options or SARs granted under the Plan and (ii) 1.5 shares if such shares were subject to Awards other than an Option or SAR granted under the Plan
Notwithstanding the foregoing, the following Common Shares shall not again become available for issuance under this Article 3.3:  (i) Common Shares subject to an Award not delivered to a Participant because the Award is exercised through a reduction of shares subject to the Award (i.e., “net exercised”), (ii) if a SAR is settled in Common Shares, the number of shares subject to the SAR that are not delivered to the Participant upon such settlement, (iii) Common Shares subject to an Award not delivered to a Participant because such Common Shares are withheld to satisfy tax withholding obligations related to the Award or are applied to pay the Exercise Price of an Option or SAR; (iv) Common Shares tendered by a Participant (either through actual delivery or attestation) to pay the Exercise Price of an Option or SAR; or (v) Common Shares reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of an Option.
d.Awards Not Reducing Share Reserve in Article 3.1.  To the extent permitted under applicable stock exchange listing standards, any dividend equivalents paid or credited under the Plan with respect to Stock Units shall not be applied against the number of Common Shares that may be issued under the Plan, whether or not such dividend equivalents are converted into Stock Units.  In addition, Common Shares subject to Substitute Awards granted by the Company shall not reduce the number of Common Shares that may be issued under Article 3.1, nor shall shares subject to Substitute Awards again be available for Awards under the Plan in the event of any forfeiture, expiration or cash settlement of such Substitute Awards.
e.Code Section 162(m) and 422 Limits.  Subject to adjustment in accordance with Article 9:  
a.The maximum aggregate number of Common Shares subject to Options and SARs that may be granted under this Plan during any fiscal year to any one Participant shall not exceed 2,000,000, except that the Company may grant to a new Employee in the fiscal year in which his or her Service as an Employee first commences Options and/or SARs that cover (in the aggregate) up to an additional 1,000,000 Common Shares; 
b.The maximum aggregate number of Common Shares subject to Restricted Share awards and Stock Units that may be granted under this Plan during any fiscal year to any one Participant shall not exceed 2,000,000, except that the Company may grant to a new Employee in the fiscal year in which his or her Service as an Employee first commences Restricted Shares and/or Stock Units that cover (in the aggregate) up to an additional 1,000,000 Common Shares; 

c.The maximum aggregate number of Common Shares subject to Awards granted to an Outside Director during any fiscal year of the Company shall not exceed 150,000 shares;
d.No Participant shall be paid more than $2,500,000 in cash in any fiscal year pursuant to Performance Cash Awards granted under the Plan; and 
e.No more than 10,000,000 Common Shares may be issued under the Plan upon the exercise of ISOs.
ARTICLE 4.   ELIGIBILITY.
a.Incentive Stock Options.  Only Employees who are commonlaw employees of the Company, a Parent or a Subsidiary shall be eligible for the grant of ISOs.  In addition, an Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company or any of its Parents or Subsidiaries shall not be eligible for the grant of an ISO unless the additional requirements set forth in Code Section 422(c)(5) are satisfied.
b.Other Awards.  Awards other than ISOs may only be granted to Service Providers.
ARTICLE 5.   OPTIONS.
a.Stock Option Agreement.  Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company.  Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan.  The Stock Option Agreement shall specify whether the Option is intended to be an ISO or an NSO.  The provisions of the various Stock Option Agreements entered into under the Plan need not be identical.  
b.Number of Shares.  Each Stock Option Agreement shall specify the number of Common Shares subject to the Option, which number shall adjust in accordance with Article 9.  
c.Exercise Price.  Each Stock Option Agreement shall specify the Exercise Price, which shall be such price as is determined by the Administrator in its discretion; provided however, that unless an Option is intended to comply with Code Section 409A (and not, for the avoidance of doubt, be exempt from Code Section 409A) the Exercise Price of any Option granted to a Participant subject to taxation in the United States shall be not be less than 100% of the Fair Market Value of a Common Share on the date of grant; provided further that the preceding clause shall not apply to an Option that is a Substitute Award granted in a manner that would satisfy the requirements of Code Section 409A and, if applicable, Code Section 424(a).
d.Exercisability and Term.  Each Stock Option Agreement shall specify the date or event when all or any installment of the Option is to become vested and/or exercisable; 

provided that with respect to 95% of the shares available for issuance under the Plan on April 4, 2019, the Option shall not become exercisable prior to the Optionee completing at least one year of Service following the grant of such Option. Notwithstanding the foregoing,  a Stock Option Agreement may provide for accelerated exercisability in the event of the Optionee’s death or disability.  The Stock Option Agreement shall also specify the term of the Option; provided that, except to the extent necessary to comply with applicable foreign law, the term of an Option shall in no event exceed 7 years from the date of grant.  
e.Death of Optionee.  After an Optionee’s death, any vested and exercisable Options held by such Optionee may be exercised by his or her beneficiary or beneficiaries.  Each Optionee may designate one or more beneficiaries for this purpose by filing the prescribed form with the Company.  A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Optionee’s death.  If no beneficiary was designated or if no designated beneficiary survives the Optionee, then any vested and exercisable Options held by the Optionee may be exercised by his or her estate.
f.Modification or Assumption of Options.  Within the limitations of the Plan, the Administrator may modify, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new Options for the same or a different number of shares and at the same or a different exercise price or in return for the grant of a different type of Award.  The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair his or her rights or obligations under such Option. Notwithstanding anything in this Plan to the contrary, and except for the adjustment provided in Article 9, neither the Committee nor any other person may (a) decrease the exercise price of any outstanding Option after the date of grant, (b) cancel or allow an Optionee to surrender an outstanding Option to the Company in exchange for cash or as consideration for the grant of a new Option with a lower exercise price or the grant of another Award the effect of which is to reduce the exercise price of any outstanding Option, or (c) take any other action with respect to an Option that would be treated as a repricing under the rules and regulations of the Nasdaq Stock Market (or such other principal U.S. national securities exchange on which the Common Shares are traded). 
g.Buyout Provisions.  Except to the extent prohibited by Article 5.6, the Administrator may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Administrator shall establish.
h.Payment for Option Shares.  The entire Exercise Price of Common Shares issued upon exercise of Options shall be payable in cash or cash equivalents at the time when such Common Shares are purchased.  In addition, the Administrator may, in its sole discretion and to the extent permitted by applicable law, accept payment of all or a portion of the Exercise Price through any one or a combination of the following forms or methods:
f.Subject to any conditions or limitations established by the Administrator, by surrendering, or attesting to the ownership of, Common Shares that are 

already owned by the Optionee with a  Fair Market Value on the date of surrender equal to the aggregate exercise price of the Common Shares as to which such Option will be exercised;
g.By delivering (on a form prescribed by the Company) an irrevocable direction to a securities broker approved by the Company to sell all or part of the Common Shares being purchased under the Plan and to deliver all or part of the sales proceeds to the Company;  
h.Subject to such conditions and requirements as the Administrator may impose from time to time, through a net exercise procedure; or
i.Through any other form or method consistent with applicable laws, regulations and rules.
ARTICLE 6.   STOCK APPRECIATION RIGHTS.
a.SAR Agreement.  Each grant of a SAR under the Plan shall be evidenced by a SAR Agreement between the Optionee and the Company.  Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan.  The provisions of the various SAR Agreements entered into under the Plan need not be identical.  
b.Number of Shares.  Each SAR Agreement shall specify the number of Common Shares to which the SAR pertains, which number shall adjust in accordance with Article 9.  
c.Exercise Price.  Each SAR Agreement shall specify the Exercise Price, which shall in no event be less than 100% of the Fair Market Value of a Common Share on the date of grant.  The preceding sentence shall not apply to a SAR that is a Substitute Award granted in a manner that would satisfy the requirements of Code Section 409A.
d.Exercisability and Term.  Each SAR Agreement shall specify the date when all or any installment of the SAR is to become vested and exercisable; provided that with respect to 95% of the shares available for issuance under the Plan on April 4, 2019, the SAR shall not become exercisable prior to the Optionee completing at least one year of Service following the grant of such SAR.  Notwithstanding the foregoing, a SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death or disability.  The SAR Agreement shall also specify the term of the SAR; provided that except to the extent necessary to comply with applicable foreign law, the term of a SAR shall not exceed 7 years from the date of grant.  
e.Exercise of SARs.  Upon exercise of a SAR, the Optionee (or any person having the right to exercise the SAR after his or her death) shall receive from the Company (a) Common Shares, (b) cash or (c) a combination of Common Shares and cash, as the Administrator shall determine.  The amount of cash and/or the Fair Market Value of Common Shares received upon exercise of SARs shall, in the aggregate, not exceed the amount by which the Fair Market Value (on the date of surrender) of the Common Shares subject to the SARs exceeds the Exercise Price.  

If, on the date when a SAR expires, the Exercise Price is less than the Fair Market Value on such date but any portion of such SAR has not been exercised or surrendered, then such SAR shall automatically be deemed to be exercised as of such date with respect to such portion.  A SAR Agreement may also provide for an automatic exercise of the SAR on an earlier date.
f.Death of Optionee.  After an Optionee’s death, any vested and exercisable SARs held by such Optionee may be exercised by his or her beneficiary or beneficiaries.  Each Optionee may designate one or more beneficiaries for this purpose by filing the prescribed form with the Company.  A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Optionee’s death.  If no beneficiary was designated or if no designated beneficiary survives the Optionee, then any vested and exercisable SARs held by the Optionee at the time of his or her death may be exercised by his or her estate.
g.Modification or Assumption of SARs.  Within the limitations of the Plan, the Administrator may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of shares and at the same or a different exercise price or in return for the grant of a different type of Award.  The foregoing notwithstanding, no modification of a SAR shall, without the consent of the Optionee, impair his or her rights or obligations under such SAR. Notwithstanding anything in this Plan to the contrary, and except for the adjustment provided in Article 9, neither the Committee nor any other person may: (a) decrease the exercise price of any outstanding SAR after the date of grant, (b) cancel or allow an Optionee to surrender an outstanding SAR to the Company in exchange for cash or as consideration for the grant of a new SAR with a lower exercise price or the grant of another Award the effect of which is to reduce the exercise price of any outstanding SAR, or (c) take any other action with respect to a SAR that would be treated as a repricing under the rules and regulations of the Nasdaq Stock Market (or such other principal U.S. national securities exchange on which the Common Shares are traded).
ARTICLE 7.   RESTRICTED SHARES.
a.Restricted Stock Agreement.  Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Stock Agreement between the recipient and the Company.  Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan.  The provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical.
b.Payment for Awards.  Restricted Shares may be sold or awarded under the Plan for such consideration as the Administrator may determine, including (without limitation) cash, cash equivalents, property, cancellation of other equity awards, full-recourse promissory notes, past services and future services, and such other methods of payment as are permitted by applicable law.  
c.Vesting Conditions.  Each Award of Restricted Shares shall be subject to vesting and/or other conditions as the Administrator may determine; provided that, the Restricted Shares will not vest prior to the holder completing at least one year of Service following the grant of 

such Award. Notwithstanding the foregoing, a Restricted Stock Agreement may provide for accelerated exercisability in the event of the holder’s death or disability.  Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement.  Such conditions, at the Administrator’s discretion, may include one or more Performance Goals.  
d.Voting and Dividend Rights.  The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend and other rights as the Company’s other stockholders, unless the Administrator otherwise provides.  A Restricted Stock Agreement, however, shall require that any cash dividends paid on Restricted Shares (a) be accumulated and paid when such Restricted Shares vest, or (b) be invested in additional Restricted Shares.  Such additional Restricted Shares shall be subject to the same conditions and restrictions as the shares subject to the Stock Award with respect to which the dividends were paid.  If any dividends or other distributions are paid in Common Shares, such Common Shares shall be subject to the same restrictions on transferability, vesting conditions and forfeitability as the Restricted Shares with respect to which they were paid. 
ARTICLE 8.   STOCK UNITS.
a.Stock Unit Agreement.  Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the recipient and the Company.  Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan.  The provisions of the various Stock Unit Agreements entered into under the Plan need not be identical.  
b.Payment for Awards.  To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients.
c.Vesting Conditions.  Each Award of Stock Units shall be subject to vesting, as determined by the Administrator.  Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement; provided that the Stock Units will not vest prior to the holder completing at least one year of Service following the grant of such Stock Unit.  Notwithstanding the foregoing,  a Stock Unit Agreement may provide for accelerated exercisability in the event of the holder’s death or disability.  Such conditions, at the Administrator’s discretion, may include one or more Performance Goals.  
d.Voting and Dividend Rights.  The holders of Stock Units shall have no voting rights.  Prior to settlement or forfeiture, Stock Units awarded under the Plan may, at the Administrator’s discretion, provide for a right to dividend equivalents.  Such right entitles the holder to be credited with an amount equal to all cash dividends paid on one Common Share while the Stock Unit is outstanding.  Dividend equivalents shall be converted into additional Stock Units.  Settlement of dividend equivalents may be made in the form of cash, in the form of Common Shares, or in a combination of both.  If any dividend equivalents are paid with respect to Stock Units, then such dividend equivalents shall be subject to the same conditions, vesting schedule and restrictions as the Stock Units to which they attach.

e.Form and Time of Settlement of Stock Units.  Settlement of vested Stock Units may be made in the form of (a) cash, (b) Common Shares or (c) any combination of both, as determined by the Administrator.  The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on predetermined performance factors, including Performance Goals.  Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Common Shares over a series of trading days.  Vested Stock Units shall be settled in such manner and at such time(s) as specified in the Stock Unit Agreement.  Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Article 9.
f.Death of Recipient.  Any Stock Units that become payable after the recipient’s death shall be distributed to the recipient’s beneficiary or beneficiaries.  Each recipient of Stock Units under the Plan may designate one or more beneficiaries for this purpose by filing the prescribed form with the Company.  A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Award recipient’s death.  If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units that become payable after the recipient’s death shall be distributed to the recipient’s estate.
g.Modification or Assumption of Stock Units.  Within the limitations of the Plan, the Administrator may modify or assume outstanding stock units or may accept the cancellation of outstanding stock units (whether granted by the Company or by another issuer) in return for the grant of new Stock Units for the same or a different number of shares or in return for the grant of a different type of Award.  The foregoing notwithstanding, no modification of a Stock Unit shall, without the consent of the Participant, impair his or her rights or obligations under such Stock Unit.
h.Creditors’ Rights.  A holder of Stock Units shall have no rights other than those of a general creditor of the Company.  Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement.
ARTICLE 9.   ADJUSTMENTS; DISSOLUTIONS AND LIQUIDATIONS; CORPORATE TRANSACTIONS.
a.Adjustments.  In the event of a subdivision of the outstanding Common Shares, a declaration of a dividend payable in Common Shares, a combination or consolidation of the outstanding Common Shares (by reclassification or otherwise) into a lesser number of Common Shares or any other increase or decrease in the number of issued Common Shares effected without receipt of consideration by the Company, proportionate adjustments shall automatically be made to the following:
j.The number and kind of shares available for issuance under Article 3, including the numerical share limits in Articles 3.1 and 3.5;

k.The number and kind of shares covered by each outstanding Option, SAR and Stock Unit; or
l.The Exercise Price applicable to each outstanding Option and SAR, and the repurchase price, if any, applicable to Restricted Shares.
In the event of a declaration of an extraordinary dividend payable in a form other than Common Shares in an amount that has a material effect on the price of Common Shares, a recapitalization, a spin-off or a similar occurrence, the Administrator may make such adjustments as it, in its sole discretion, deems appropriate to the foregoing.  Any adjustment in the number of shares subject to an Award under this Article 9.1 shall be rounded down to the nearest whole share, although the Administrator in its sole discretion may make a cash payment in lieu of a fractional share. Except as provided in this Article 9, a Participant shall have no rights by reason of any issuance by the Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class.
b.Dissolution or Liquidation.  To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company.
c.Corporate Transactions.  In the event that the Company is a party to a merger, consolidation, or a Change in Control (other than one described in Article 14.6(d)), all Common Shares acquired under the Plan and all Awards outstanding on the effective date of the transaction shall be treated in the manner described in the definitive transaction agreement (or, in the event the transaction does not entail a definitive agreement to which the Company is party, in the manner determined by the Administrator (in accordance with this Article 9.3), with such determination having final and binding effect on all parties), which agreement or determination need not treat all Awards (or portions thereof) in an identical manner.  The  treatment specified in the transaction agreement or by the Administrator shall include one or more of the following with respect to each outstanding Award:
m.The continuation of such outstanding Award by the Company (if the Company is the surviving entity);
n.The assumption of such outstanding Award by the surviving entity or its parent, provided that the assumption of an Option or a SAR shall comply with applicable tax requirements;
o.The substitution by the surviving entity or its parent of an equivalent  award for such outstanding Award (including, but not limited to, an award to acquire the same consideration paid to the holders of Common Shares in the transaction), provided that the substitution of an Option or a SAR shall comply with applicable tax requirements;

p.If  outstanding Awards, Options and SARs are not assumed, or equivalent awards are not substituted, by the surviving entity or its parent, then full exercisability and full vesting (with respect to performance vested Awards, Options or SARs, assuming the achievement of the maximum performance targets thereunder) of the Common Shares subject to such Awards, Options and SARs, followed by the cancellation of such Awards, Options and SARs.  The full exercisability of such Awards, Options and SARs and full vesting of such Common Shares may be contingent on the closing of such transaction.  The Optionees shall be able to exercise such Options and SARs during a period of not less than five full business days preceding the closing date of such transaction, unless (i) a shorter period is required to permit a timely closing of such merger, consolidation or Change in Control and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options and SARs.  Any exercise of such Options and SARs during such period may be contingent on the closing of such transaction;
q.The cancellation of such Award and a payment to the Participant with respect to each share subject to the Award equal to the excess of (A) the value, as determined by the Administrator in its absolute discretion, of the property (including cash) received by the holder of a Common Share as a result of the transaction, over (if applicable) (B) the per-share Exercise Price of such Award (such excess, if any, the “Spread”).  Such payment may be made in installments and may be deferred until the date or dates when such Award would have become exercisable or the Common Shares subject to such Award would have vested.  Such payment may be subject to vesting based on the Participant’s continuing Service, provided that the vesting schedule shall not be less favorable to the Participant than the schedule under which such Award would have become exercisable or such Common Shares subject to such Award would have vested.   Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving entity or its parent having a value equal to the Spread.  In addition, any escrow, holdback, earn-out or similar provisions in the transaction agreement may apply to such payment to the same extent and in the same manner as such provisions apply to the holders of Common Shares, but only to the extent the application of such provisions does not adversely affect the status of the Award as exempt from Code Section 409A.  If the Spread applicable to an Award (whether or not vested) is zero or a negative number, then the Award may be cancelled without making a payment to the Participant. In the event that a Stock Unit or other Award is subject to Code Section 409A, the payment described in this clause (e) shall be made on the settlement date specified in the applicable Stock Unit Agreement, provided that settlement may be accelerated in accordance with Treasury Regulation Section 1.409A-3(j)(4). For purposes of this Subsection (e), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security; or
r.The assignment of any reacquisition or repurchase rights held by the Company in respect of an Award of Restricted Shares to the surviving entity or its parent, with corresponding proportionate adjustments made to the price per share to be paid upon exercise of any such reacquisition or repurchase rights.

For avoidance of doubt, the Administrator shall have the discretion to provide for the acceleration of vesting upon the occurrence of a Change in Control in the event of an involuntary termination prior to or following the Change in Control, whether or not the Award is to be assumed or replaced in the transaction, or in connection with a termination of the Participant’s Service following a transaction.  
Any action taken under this Article 9.3 shall either preserve an Award’s status as exempt from Code Section 409A or comply with Code Section 409A.
ARTICLE 10.   OTHER AWARDS.
a.Performance Cash Awards.  A Performance Cash Award is a cash award that may be granted subject to the attainment of specified Performance Goals during a Performance Period.  A Performance Cash Award may also require the completion of a specified period of continuous Service.  The length of the Performance Period, the Performance Goals to be attained during the Performance Period, and the degree to which the Performance Goals have been attained shall be determined conclusively by the Administrator.  Each Performance Cash Award shall be set forth in a written agreement or in a resolution duly adopted by the Administrator which shall contain provisions determined by the Administrator and not inconsistent with the Plan.  The terms of various Performance Cash Awards need not be identical.  
b.Other Awards.  Subject in all events to the limitations under Article 3 above as to the number of Common Shares available for issuance this Plan, the Company may grant other forms of equity-based awards not specifically described herein and may grant awards under other plans or programs where such awards are settled in the form of Common Shares issued under this Plan; provided that such other equity-based award will not vest prior to the holder completing at least one year of Service following the grant of such award. Notwithstanding the foregoing,  an award agreement may provide for accelerated exercisability in the event of the holder’s death or disability.  Such Common Shares shall be treated for all purposes under the Plan like Common Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Common Shares available under Article 3.
ARTICLE 11.   LIMITATION ON RIGHTS.
a.Retention Rights.  Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual a right to remain a Service Provider.  The Company and its Parents, Subsidiaries and Affiliates reserve the right to terminate the Service of any Service Provider at any time, with or without cause, subject to applicable laws, the Company’s certificate of incorporation and by-laws and a written employment agreement (if any).
b.Stockholders’ Rights.  Except as set forth in Article 7.4 or 8.4 above, a Participant shall have no dividend rights, voting rights or other rights as a stockholder with respect to any Common Shares covered by his or her Award prior to the time when a stock certificate for such Common Shares is issued or, if applicable, the time when he or she becomes entitled to receive such Common Shares by filing any required notice of exercise and paying any required Exercise Price.  No adjustment shall be made for cash dividends or other rights for 

which the record date is prior to such time, except as expressly provided in the Plan.  For the avoidance of doubt, no dividends or dividend equivalents will be paid or credited to an unexercised Option or SAR.
c.Regulatory Requirements.  Any other provision of the Plan notwithstanding, the obligation of the Company to issue Common Shares under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required.  The Company reserves the right to restrict, in whole or in part, the delivery of Common Shares pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Common Shares, to their registration, qualification or listing or to an exemption from registration, qualification or listing.  The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed necessary by the Company’s counsel to be necessary to the lawful issuance and sale of any Common Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Common Shares as to which such requisite authority will not have been obtained.
d.Transferability of Awards.  The Administrator may, in its sole discretion, permit transfer of an Award in a manner consistent with applicable law.  Unless otherwise determined by the Administrator, Awards shall be transferable by a Participant only by (a) beneficiary designation, (b) a will or (c) the laws of descent and distribution; provided that, in any event, an ISO may only be transferred by will or by the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. In no event may an Award be transferred for any consideration including (without limitation) in exchange for cash or securities.
e.Other Conditions and Restrictions on Common Shares.  Any Common Shares issued under the Plan shall be subject to such forfeiture conditions, rights of repurchase, rights of first refusal, other transfer restrictions and such other terms and conditions as the Administrator may determine.  Such conditions and restrictions shall be set forth in the applicable Award Agreement and shall apply in addition to any restrictions that may apply to holders of Common Shares generally.  In addition, Common Shares issued under the Plan shall be subject to such conditions and restrictions imposed either by applicable law or by Company policy, as adopted from time to time, designed to ensure compliance with applicable law or laws with which the Company determines in its sole discretion to comply including in order to maintain any statutory, regulatory or tax advantage.
ARTICLE 12.   TAXES.
a.General.  It is a condition to each Award under the Plan that a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any federal, state, local or foreign withholding tax obligations that arise in connection with any Award granted under the Plan.  The Company shall not be required to issue any Common Shares or make any cash payment under the Plan unless such obligations are satisfied.
b.Share Withholding.  To the extent that applicable law subjects a Participant to tax withholding obligations, the Administrator may permit such Participant to satisfy all or part 

of such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Common Shares that he or she previously acquired.  Such Common Shares shall be valued on the date when they are withheld or surrendered.  Any payment of taxes by assigning Common Shares to the Company may be subject to restrictions including any restrictions required by SEC, accounting or other rules.
c.Section 162(m) Matters.  The Administrator, in its sole discretion, may determine whether an Award is intended to qualify as “performance-based compensation” within the meaning of Code Section 162(m).  The Administrator may grant Awards that are based on Performance Goals but that are not intended to qualify as performance-based compensation.  With respect to any Award that is intended to qualify as performance-based compensation, the Administrator shall designate the Performance Goal(s) applicable to, and the formula for calculating the amount payable under, an Award within 90 days following commencement of the applicable Performance Period (or such earlier time as may be required under Code Section 162(m)), and in any event at a time when achievement of the applicable Performance Goal(s) remains substantially uncertain.  Prior to the payment of any Award that is intended to constitute performance-based compensation, the Administrator shall certify in writing whether and the extent to which the Performance Goal(s) were achieved for such Performance Period.  The Administrator shall have the right to reduce or eliminate (but not to increase) the amount payable under an Award that is intended to constitute performance-based compensation.
d.Section 409A Matters.  Except as otherwise expressly set forth in an Award Agreement, it is intended that Awards granted under the Plan either be exempt from, or comply with, the requirements of Code Section 409A.  To the extent an Award is subject to Code Section 409A (a “409A Award”), the terms of the Plan, the Award and any written agreement governing the Award shall be interpreted to comply with the requirements of Code Section 409A so that the Award is not subject to additional tax or interest under Code Section 409A, unless the Administrator expressly provides otherwise.  A 409A Award shall be subject to such additional rules and requirements as specified by the Administrator from time to time in order for it to comply with the requirements of Code Section 409A.  In this regard, if any amount under a 409A Award is payable upon a “separation from service” to an individual who is considered a “specified employee” (as each term is defined under Code Section 409A), then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after the Participant’s separation from service or (ii) the Participant’s death, but only to the extent such delay is necessary to prevent such payment from being subject to Code Section 409A(a)(1).  
e.Limitation on Liability.  Neither the Company nor any person serving as Administrator shall have any liability to a Participant in the event an Award held by the Participant fails to achieve its intended characterization under applicable tax law.
ARTICLE 13.   FUTURE OF THE PLAN.
a.Term of the Plan.  The Plan, as set forth herein, shall become effective on the date of its adoption by the Board, subject to approval of the Company’s stockholders under Article 13.3 below.  The Plan shall terminate automatically 10 years after the later of (a) the date 

when the Board adopted the Plan or (b) the date when the Board approved the most recent increase in the number of Common Shares reserved under Article 3 that was also approved by the Company’s stockholders.  The Plan shall serve as the successor to the Predecessor Plan, and no further Awards may be made under the Predecessor Plan after the Effective Date.
b.Amendment or Termination.  The Board may, at any time and for any reason, amend or terminate the Plan.  No Awards shall be granted under the Plan after the termination thereof.  The termination of the Plan, or any amendment thereof, shall not affect any Award previously granted under the Plan.
c.Stockholder Approval.  To the extent required by applicable law, the Plan will be subject to the approval of the Company’s stockholders within 12 months of its adoption date.  An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules; provided, however, that an amendment to Article 3.1, the last sentence of Article 5.6 or Article 6.7 is subject to approval of the Company’s stockholders.
ARTICLE 14.   DEFINITIONS.
i.“Administrator” means the Board or any Committee administering the Plan in accordance with Article 2.
ii.“Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than 50% of such entity.
iii.“Award” means any award granted under the Plan, including as an Option, a SAR, a Restricted Share, a Stock Unit or a Performance Cash Award.
iv.“Award Agreement” means a Stock Option Agreement, an SAR Agreement, a Restricted Stock Agreement, a Stock Unit Agreement or such other agreement evidencing an Award granted under the Plan.
v.“Board” means the Company’s Board of Directors, as constituted from time to time, and where the context so requires, reference to the “Board” may refer to a Committee to whom the Board has delegated authority to administer any aspect of this Plan.
vi.“Change in Control” means:
s.Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the total voting power represented by the Company’s then-outstanding voting securities; 
t.The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; 

u.The consummation of a merger or consolidation of the Company with or into any other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; or
v.Individuals who are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board over a period of 12 months; provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board.
A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction.  In addition, if a Change in Control constitutes a payment event with respect to any Award which provides for a deferral of compensation and is subject to Code Section 409A, then notwithstanding anything to the contrary in the Plan or applicable Award Agreement the transaction with respect to such Award must also constitute a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent required by Code Section 409A.  
vii.“Code” means the Internal Revenue Code of 1986, as amended.
viii.“Committee” means a committee of one or more members of the Board, or of other individuals satisfying applicable laws, appointed by the Board to administer the Plan.  
ix.“Common Share” means one share of the common stock of the Company.
x.“Company” means Synchronoss Technologies, Inc., a Delaware corporation.
xi.“Consultant” means a consultant or adviser who provides bona fide services to the Company, a Parent, a Subsidiary or an Affiliate as an independent contractor and who qualifies as a consultant or advisor under Instruction A.1.(a)(1) of Form S-8 under the Securities Act.
xii.“Effective Date” means the date on which the Company’s stockholders approve the Plan.
xiii.“Employee” means a commonlaw employee of the Company, a Parent, a Subsidiary or an Affiliate.

xiv.“Exchange Act” means the Securities Exchange Act of 1934, as amended.
xv.“Exercise Price,” in the case of an Option, means the amount for which one Common Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement.  “Exercise Price,” in the case of a SAR, means an amount, as specified in the applicable SAR Agreement, which is subtracted from the Fair Market Value of one Common Share in determining the amount payable upon exercise of such SAR.
xvi.“Fair Market Value” means the closing price of a Common Share on any established stock exchange or a national market system on the applicable date or, if the applicable date is not a trading day, on the last trading day prior to the applicable date, as reported in a source that the Administrator deems reliable.  If Common Shares are not traded on an established stock exchange or a national market system, the Fair Market Value shall be determined by the Administrator in good faith on such basis as it deems appropriate.  The Administrator’s determination shall be conclusive and binding on all persons.
xvii.“IPO Date” means the effective date of the registration statement filed by the Company with the Securities and Exchange Commission for its initial offering of Common Stock to the public.
xviii.“ISO” means an incentive stock option described in Code Section 422(b).
xix.“NSO” means a stock option not described in Code Sections 422 or 423.
xx.“Option” means an ISO or NSO granted under the Plan and entitling the holder to purchase Common Shares.
xxi.“Optionee” means an individual or estate holding an Option or SAR.
xxii.“Outside Director” means a member of the Board who is not an Employee.
xxiii.“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.  A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date.
xxiv.“Participant” means an individual or estate holding an Award.
xxv.“Performance Cash Award” means an award of cash granted under Article 10.1 of the Plan.
xxvi.“Performance Goal” means a goal established by the Administrator for the applicable Performance Period based on one or more of the performance criteria set forth in Appendix A.  Depending on the performance criteria used, a Performance Goal may be expressed in terms of overall Company performance or the performance of a business unit, division, Subsidiary, Affiliate or an individual.  A Performance Goal may be measured either in 

absolute terms or relative to the performance of one or more comparable companies or one or more relevant indices.  The Administrator may adjust the results under any performance criterion to exclude any of the following events that occurs during a Performance Period: (a) asset write-downs, (b) litigation, claims, judgments or settlements, (c) the effect of changes in tax laws, accounting principles or other laws or provisions affecting reported results, (d) accruals for reorganization and restructuring programs, (e) extraordinary, unusual or non-recurring items, (f) exchange rate effects for non-U.S. dollar denominated net sales and operating earnings, or (g) statutory adjustments to corporate tax rates; provided, however, that if an Award is intended to qualify as “performance-based compensation” within the meaning of Code Section 162(m), such adjustment(s) shall only be made to the extent consistent with Code Section 162(m).
xxvii.“Performance Period” means a period of time selected by the Administrator over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to a Performance Cash Award or an Award of Restricted Shares or Stock Units that vests based on the achievement of Performance Goals.  Performance Periods may be of varying and overlapping duration, at the discretion of the Administrator.
xxviii.“Plan” means this Synchronoss Technologies, Inc. 2015 Equity Incentive Plan, as amended from time to time.
xxix.“Predecessor Plan” means the Company’s 2006 Equity Incentive Plan, as amended.
xxx.“Restricted Share” means a Common Share awarded under the Plan.
xxxi.“Restricted Stock Agreement” means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.
xxxii.“SAR” means a stock appreciation right granted under the Plan.
xxxiii.“SAR Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her SAR.
xxxiv.“Securities Act” means the Securities Act of 1933, as amended.
xxxv.“Service” means service as an Employee, Outside Director or Consultant.
xxxvi.“Service Provider” means any individual who is an Employee, Outside Director or Consultant.
xxxvii.“Stock Award” means any award of an Option, a SAR, a Restricted Share or a Stock Unit under the Plan.
xxxviii.“Stock Option Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.

xxxix.“Stock Unit” means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.
xl.“Stock Unit Agreement” means the agreement between the Company and the recipient of a Stock Unit that contains the terms, conditions and restrictions pertaining to such Stock Unit.
xli.“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.  A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date
xlii.“Substitute Awards” means Awards or Common Shares issued by the Company in assumption of, or substitution or exchange for, Awards previously granted, or the right or obligation to make future awards, in each case by a corporation acquired by the Company or any Affiliate or with which the Company or any Affiliate combines to the extent permitted by NASDAQ Marketplace Rule 5635 or any successor thereto.

Appendix A
Performance Criteria
The Administrator may establish Performance Goals derived from one or more of the following criteria, measured in accordance with GAAP or otherwise, when it makes Awards of Restricted Shares or Stock Units that vest entirely or in part on the basis of performance or when it makes Performance Cash Awards.  
						
	Earnings (before or after taxes)	Working capital
	Earnings per share	Expense or cost reduction
	Earnings before interest, taxes and depreciation (as amount or % of revenue)	Sales or revenue (in the aggregate or in specific growth areas)
	Earnings before interest, taxes, depreciation & amortization (as amount or % of revenue)	Economic value added (or an equivalent metric)
	Total stockholder return and/or value	Market share
	Return on equity or average stockholders’ equity	Cash flow or cash balance
	Return on assets, investment or capital employed	Operating cash flow
	Operating income	Cash flow per share
	Gross margin	Share price
	Operating margin	Debt reduction
	Net operating income	Customer satisfaction
	Net operating income after tax	Stockholders’ equity
	Operating profits	Net profits
	Profit returns and margins	Contract awards or backlog
	Return on operating revenue	Revenue excluding total advertising cost
	To the extent that an Award is not intended to comply with Code Section 162(m), other measures of performance selected by the Administrator.EX-4.2

 Exhibit 4.2 

2021 AMENDED AND RESTATED INVESTOR’S RIGHTS AGREEMENT 

This 2021 Amended and Restated Investor’s Rights Agreement (the “Agreement”) is made effective as of this 10th day of June 2021 by and
among WalkMe Ltd., registration No. 514682269, a Company organized under the laws of the State of Israel (the “Company”) with offices at 3 Kremenski St. Tel-Aviv, Israel, and those
parties whose names and addresses are set out in Schedule 1 (the “Preferred Holders”). 
 RECITALS 

WHEREAS, the Company and the Investors (as such term is defined therein) entered into a Series F Preferred Share Purchase Agreement on November 27, 2019
(the “Purchase Agreement”), pursuant to which the Investors are purchasing Series F Preferred Shares of the Company, nominal value NIS 0.01 each (together with the Company’s Series E Preferred Shares (which references herein
shall include the Series E-1 Preferred Shares, Series E-2 Preferred Shares and Series E-3 Preferred Shares), Series D Preferred
Shares, Series C Preferred Shares, Series B-1 Preferred Shares, Series B-2 Preferred Shares and Series A Preferred Shares, the “Preferred Shares”); 

WHEREAS, the Company and the holders of Series A Preferred Shares, Series B-1 Preferred Shares, Series B-2 Preferred Shares, Series C Preferred Shares, Series D Preferred Shares, Series E Preferred Shares and Series F Preferred Shares are parties to that certain Amended and Restated Investors’ Rights Agreement
dated December 3, 2019 as amended (the “Prior Agreement”); 
 WHEREAS, the Company and the holders of Series A Preferred Shares,
Series B-1 Preferred Shares, Series B-2 Preferred Shares, Series C Preferred Shares, Series D Preferred Shares, Series E Preferred Shares and Series F Preferred Shares
agree to amend and restate the Prior Agreement as set forth below and desire to set forth certain matters regarding the disclosure of information pertaining to the Company as more fully set out in this Agreement, and to cancel and supersede the
Prior Agreement; 
 NOW THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth, the Company and the Preferred Holders
agree as follows: 
  

	1.	 Information and Inspection Rights 

 

	 	1.1.	 The Company shall deliver to each (i) Preferred Holder holding at least five percent (5%) of the
Company’s then-outstanding Preferred Shares; or (ii) upon a commitment by any Preferred Holder to invest at least $70,000,000 in the Company for the purchase of shares (and there has been no default on any payment terms to purchase those
shares ) and for so long as it holds at least 90% of its percentage holding of the Company’s share capital calculated on an issued and outstanding basis as of the date hereof, including in such calculation all shares of the Company to be
purchased by such Preferred Holder (each a “Qualified Shareholder”): 

  

	 	1.1.1.	 As soon as practicable, but in any event within one hundred fifty (150) days after the end of each fiscal
year of the Company, consolidated audited financial statements of the Company for such year, including a consolidated balance sheet of the Company as of the end of such year, and consolidated statements of income and statements of cash flow of the
Company for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, NIS denominated, prepared in accordance with the then applicable United States GAAP, audited by a “Big
4” firm of Independent Certified Public Accountants, and accompanied by an opinion of such firm which opinion shall state that such balance sheet and statements of income and cash flow have been prepared in accordance with United States GAAP
applied on a basis consistent with that of the preceding fiscal year, and present fairly and accurately the financial position of the Company as of their date, and that the audit by such accountants in connection with such financial statements has
been made in accordance with generally accepted auditing standards; 

  
 1 

	 	1.1.2.	 As soon as practicable, but in any event within forty five (45) days after the end of each fiscal quarter
of the Company (other than the fourth quarter of each such year), unaudited and un-reviewed management accounts of the Company, including consolidated balance sheet of the Company as at the end of each such
period and income and cash flow statements of the Company for such period and for the period from the beginning of the current fiscal year to the end of such quarterly period, setting forth in each case, in comparative form the figures for the
corresponding period of the previous fiscal year, all in reasonable detail, NIS denominated and certified, by the chief financial officer (or if none, by the chief executive officer) of the Company (on behalf of the Company and not in a personal
capacity), that such financial statements were prepared in accordance with United States GAAP applied on a basis consistent with that of preceding periods and, except as otherwise stated therein, fairly present the financial position of the Company
as of their date subject to (x) there being no footnotes contained therein, and (y) changes resulting from year-end audit adjustments, and all reviewed by a “Big 4” firm of Independent
Certified Public Accountants; 

  

	 	1.1.3.	 A monthly management report in a form agreed upon from time to time by the Board of Directors of the Company
(the “Board”), within fourteen (14) days of the end of each month (including, opening cash, income, expenses and closing cash) as at the end of such month; and 

 

	 	1.1.4.	 Such other information relating to the financial condition, business, prospects, litigation, M&A
opportunities or corporate affairs of the Company as a Qualified Shareholder may from time to time reasonably request, provided such information is readily available to the Company. 

 

	 	1.2.	 At any reasonable time and from time to time, upon reasonable notice, the Company shall permit representatives
of the Qualified Shareholders full and free access to any of the properties of the Company, to examine the facilities, records and books of account of the Company, to review and copy them at their discretion, to inspect any of the properties
or assets of the Company and visit the properties of the Company and to discuss the affairs, finances and accounts of the Company with any of its officers, and senior personnel of the Company and the Company’s accountants, all subject to the
confidentiality undertakings set forth in Section 3 below. 

  

	 	1.3.	 This Section 1 shall not be in limitation of any rights which the Preferred Holders or any directors
designated by the Preferred Holders may have under applicable law and/or any other agreement between the Preferred Holders and the Company. 

  

	2.	 Annual Plan. Until the closing of an IPO, the management of the Company shall establish annually
an operating plan and budget for the Company (the “Annual Plan”), in consultation with the Board. The Annual Plan for the following year shall be submitted to the Board for its approval at least thirty (30) days prior to the
first day of the year covered by such and shall be delivered to each Qualified Shareholder within seven (7) days following the approval of the Board. 

  

	3.	 Confidentiality. 

 

	 	3.1.	 Each Preferred Holder agrees and undertakes that any Confidential Information (as hereinafter defined in
Section 3.2) obtained from the Company pursuant to this Agreement, will be used solely for the purpose of monitoring its investment in the Company, and will not be used for any other purpose or disclosed to any person or entity without
the prior written consent of the Company (except to the Preferred Holder’s employees, officers, directors, attorneys, accountants and agents (or those of any management company authorized from time to time to act on its behalf), , for the
purpose of monitoring its investment); provided, however, that in the event that the Preferred Holder or any entity which directly or indirectly controls the Preferred Holder, or an investor, shareholder, partner or member in the
Preferred Holder is required by any law, rule or regulation or any rules, regulations or directives of any stock exchange, quotation system, securities authority or other governmental authority to include Confidential Information in reports
to any such bodies or other governmental authorities, the Preferred Holder shall be entitled to make such disclosure to the extent required without the prior written consent of the Company, provided that it shall make all reasonable efforts
to avoid, and limit the extent of, disclosure of such Confidential 

  
 2 

	 	
Information; and provided further, that in connection with periodic reports of the Preferred Holder to its shareholders, members, or partners, the Preferred Holder may, without first
obtaining such written consent, make general statements, not containing technical or other Confidential Information, regarding the nature and progress of the Company’s business; and provided further, that the Preferred Holder may provide
summary information regarding the Company’s financial information in reports to its shareholders, members or partners without the prior written consent of the Company, but may not annex to such reports the full financial information to be
provided hereunder by the Company; and provided further that the Preferred Holders may disclose Confidential Information to any prospective purchaser of any of its Shares, if such prospective purchaser is bound by a confidentiality agreement.
Notwithstanding anything to the contrary in the foregoing, in no event shall the Preferred Holders transfer to any Confidential Information to any competitor of the Company. 

 

	 	3.2.	 For the purposes of this Agreement, “Confidential Information” shall include all information
relating to the business activities of the Company, whether scientific and/or technical and/or business and/or financial information including, inter alia, drawings, graphs, techniques, processes, systems, results, inventions, marketing
plans, product plans, business plans and strategies. Confidential Information shall not include information which (as shown by the receiving party): 

  

	 	3.2.1.	 is or subsequently becomes part of the public domain without breach of this Section 3;

  

	 	3.2.2.	 is lawfully received by such shareholder from a third party under no obligation of confidentiality to the
Company; 

  

	 	3.2.3.	 was already known to such shareholder at the time of disclosure; or 

 

	 	3.2.4.	 is disclosed in accordance with judicial or other governmental order or any applicable law.

  

	 	3.3.	 The Company shall obtain the prior written approval of the Preferred Holders before publishing the Preferred
Holder’s name in any disclosure, save (i) for disclosure made to potential investors or buyers in connection with any potential financing transaction or M&A opportunities, (ii) disclosure not exceeding in scope the mere reference
of the Preferred Holders as a shareholder of the Company, and (iii) disclosure made in accordance with any applicable law. 

  

	 	3.4.	 The Company agrees that Greenspring Associates, Inc. and its affiliates (“Greenspring”) may
use the Company’s name, logo, and a brief description of the Company’s business (so long as Greenspring is a shareholder in the Company) in Greenspring’s tombstone advertisements, on Greenspring’s website, and in connection with
other promotional materials of Greenspring, subject to the Company’s prior consent which shall not be unreasonably withheld or delayed. 

  

	 	3.5.	 The Company agrees that Insight Venture Partners IX, L.P., Insight Venture Partners (Cayman) IX, L.P., Insight
Venture Partners IX (Co-Investors), L.P. and Insight Venture Partners (Delaware) IX, L.P. and their affiliates (“Insight”) may use the Company’s name, logo, and a brief description of the
Company’s business (so long as Insight is a shareholder in the Company) in Insight’s tombstone advertisements, on Insight’s website, and in connection with other promotional materials of Insight, subject to the Company’s prior
consent which shall not be unreasonably withheld or delayed. 

  

	 	3.6.	 The Company agrees that Vitruvian may use the Company’s name, logo, and a brief description of the
Company’s business (so long as Vitruvian is a shareholder in the Company) in Vitruvian’s tombstone advertisements, on Vitruvian’s website, and in connection with other promotional materials of Vitruvian, subject to the Company’s
prior consent which shall not be unreasonably withheld or delayed. 

  

	4.	 Registration. The following provisions govern the registration of the Company’s securities:

  

	 	4.1.	 Definitions. As used herein, the following terms have the following meanings:

  

	 	4.1.1.	 “Holder” means any holder of the Company’s outstanding Registrable Securities (as defined
below) or shares convertible into Registrable Securities, who acquired such 

  
 3 

	 	
Registrable Securities or shares convertible into Registrable Securities in a transaction or series or transactions not involving any registered public offering. 

 

	 	4.1.2.	 “Form F-3” means Form
F-3 under the Securities Act of 1933, as amended (the “Securities Act”), as in effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the
Securities and Exchange Commission (“SEC”) which permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

 

	 	4.1.3.	 “Initiating Holders” means Holders holding a majority of the Registrable Securities, assuming
for purposes of such determination the conversion of all shares convertible into Registrable Securities. 

  

	 	4.1.4.	 “Register”, “registered” and “registration” refer to a
registration effected by filing a registration statement in compliance with the Securities Act and the declaration or ordering by the SEC of effectiveness of such registration statement, or the equivalent actions under the laws of another
jurisdiction. 

  

	 	4.1.5.	 “Registrable Securities” means Ordinary Shares issued by the Company to the Ordinary Holders
(as set forth on Schedule 2 attached hereto), all Ordinary Shares issuable upon conversion of the Preferred Shares, Ordinary Shares issued by the Company in respect of such shares and all Ordinary Shares that the Preferred Holder may hereafter
purchase pursuant to its rights of first offer, rights of first refusal, or Ordinary Shares issued upon conversion or exercise of other securities so purchased; provided, however, that any share capital that could be distributed by the
holder thereof (in accordance with applicable law) pursuant to Rule 144 promulgated under the Securities Act without any volume restrictions shall not be deemed to be Registrable Securities. 

 

	 	4.1.6.	 “IPO” means the closing of the Company’s initial firmly underwritten public offering of
its Ordinary Shares pursuant to an effective registration statement under the Securities Act, or similar securities law of another jurisdiction. 

  

	 	4.2.	 Incidental (“Piggy Back”)
Registration. If the Company at any time, beginning immediately following the closing of an IPO and until the fifth anniversary thereof, proposes to register any of its securities for its own account, other than in a demand registration
under Section 4.3 or Section 4.4 of this Agreement or other than a registration relating to employee benefit plans or registration relating to corporate reorganization, or other transactions on Forms
F-4 or any successor form, or a registration on any registration form that does not permit secondary sales or does not include substantially the same information statement covering the sale of the Registrable
Securities, it shall give notice to the Holders of such intention. Upon the written request of any Holder given within twenty (20) days after receipt of any such notice, the Company shall include in such registration all of the Registrable
Securities indicated in such request, so as to permit the disposition of the shares so registered. Notwithstanding any other provision of this Section 4.2, if the managing underwriter advises the Company in writing that marketing factors
require a limitation of the number of shares to be underwritten, then there shall be excluded from such registration and underwriting, to the extent necessary to satisfy such limitation, first shares held by shareholders other than the Holders, then
and only to the extent necessary, shares held by the Holders (pro rata to the respective number of Registrable Securities required by such Holders to be included in the registration); provided, however, that following the IPO, the
aggregate amount of Registrable Securities which shall have the right to participate in any proposed registration following the IPO shall not be reduced below twenty-five percent (25%) of the aggregate amount of securities proposed to be so
registered (divided among the Holders participating in the registration pro rata to the respective number of Registrable Securities held by each of such Holders). The Company shall have the right to terminate or withdraw any registration initiated
by it under this Section 4.2 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration, subject to the provisions of Section 4.6 below. 

 

	 	4.3.	 Demand Registration. At any time (i) beginning six (6) months following the closing of
an IPO and until the fifth anniversary thereof, or (ii) prior to the passage of six (6) months following the closing of an IPO, subject to the restrictions imposed by the underwriters in connection with the

  
 4 

	 	
IPO (whether such restrictions terminate by their terms or are waived by the underwriters), the Initiating Holders may request in writing that all or part of the Registrable Securities shall be
registered for trading on any securities exchange or under any market system as to which any of the Company’s Ordinary Shares are then admitted for trading. Any such demand must request the registration of shares in a reasonably estimated
minimum amount of five million United States dollars ($5,000,000). Within twenty (20) days after receipt of any such request, the Company shall give written notice of such request to the other Holders, and shall include in such registration all
Registrable Securities and Company’s shares held by all such Holders who wish to participate in such demand registration and provide the Company with written requests for inclusion therein within twenty (20) days after the receipt of the
Company’s notice. Thereupon, the Company shall use best commercial efforts to effect the registration of all Registrable Securities as to which it has received requests for registration for trading on the securities exchange specified in the
request for registration. Notwithstanding any other provision of this Section 4.3, if the managing underwriter advises the Holders in writing that marketing factors require a limitation of the number of shares to be underwritten, then there
shall be excluded from such registration and underwriting, to the extent necessary to satisfy such limitation, first shares held by shareholders other than the Holders, then and only to the extent necessary, shares held by the Holders (pro rata to
the respective number of Registrable Securities then held by the Holders participating in such Registration). The Company may not cause any other registration of securities for sale for its own account (other than a registration effected solely to
implement an employee benefit plan) to be initiated after a registration requested pursuant to this Section 4.3 and to become effective less than one hundred twenty (120) days after the effective date of any registration requested pursuant
to Section 4.3. The Company shall not be required to effect registration under this Section 4.3: (i) after the Company has effected two (2) registrations under this Section 4.3; (ii) within a period of one hundred and eighty
(180) days following the effective date of a previous registration; (iii) in any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration unless the
Company is already subject to service in such jurisdiction; (iv) during the period starting with the date sixty (60) days prior to the Company’s good faith estimate of the date of the filing of, and ending on a date one hundred eighty
(180) days following the effective date of, a Company-initiated registration, provided that the Company is actively employing in good faith all commercially reasonable efforts to cause such registration statement to become effective; or
(v) if the Initiating Holders propose to dispose of Registrable Securities that may be registered on Form F-3 pursuant to Section 4.4 hereof; or (vi) if the Company shall furnish to the Holders
a certificate signed by the Chief Executive Officer of the Company stating that in the good faith judgment of the Board it would be seriously detrimental to the Company or its shareholders for a registration under this Section 4.3 to be
effected at such time, the Company shall have the right to defer such registration for a period of not more than one hundred and twenty (120) days after receipt of the request of the Initiating Holders under this Section 4.3;
provided, however that the Company shall not utilize this right more than once in any twelve (12) month period. 

  

	 	4.4.	 Form F-3
(“Shelf”) Registration. At any time beginning six (6) months following the closing of an IPO and until the fifth anniversary thereof, in case the Company shall receive
from any Holder or Holders a written request or requests that the Company effect a registration on Form F-3, and any related qualification or compliance, with respect to Registrable Securities where the
aggregate net proceeds from the sale of such Registrable Securities equal to not less than one million United States dollars ($1,000,000), the Company will within twenty (20) days after receipt of any such request give written notice of the
proposed registration, and any related qualification or compliance, to all other Holders, and include in such registration all Registrable Securities held by all such Holders who wish to participate in such registration and provide the Company with
written requests for inclusion therein within twenty (20) days after the receipt of the Company’s notice. Thereupon, the Company shall make best commercial efforts to effect such registration and all such qualifications and compliances as
may be reasonably so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with all or such portion of
the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within twenty (20) days after receipt of such written notice from the Company; provided, however, that
the Company shall not be obligated to effect any such 

  
 5 

	 	
registration, qualification or compliance, pursuant to this Section 4.4, (i) if Form F-3 is not available for such offering by the Holders;
(ii) if the Company shall furnish to the Holders a certificate signed by the Chief Executive Officer of the Company stating that in the good faith judgment of the Board it would be seriously detrimental to the Company or its shareholders for
such Form F-3 registration statement to be effected at such time, in which event the Company shall have the right to defer the filing of the Form F-3
registration statement for a period of not more than one hundred ninety (120) days after receipt of the request of the Holder or Holders under this Section 4.4; provided, however, that the Company shall not utilize this right
more than once in any twelve (12) month period; (iii) if the Company has, within the twelve (12) month period preceding the date of such request, already effected a registration on Form F-3 for
the Holders pursuant to this Section 4.4; (iv) during the period starting with the date sixty (60) days prior to the Company’s estimated date of filing of, and ending on the date six (6) months immediately following the effective
date of, any registration statement pertaining to securities of the Company (other than a registration of securities in a Rule 145 transaction or with respect to an employee benefit plan), provided that the Company is actively employing in
good faith reasonable efforts to cause such registration statement to become effective and that the Company’s estimate of the date of filing such registration statement is made in good faith; or (v) in any particular jurisdiction in which
the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance, unless the Company is already subject to service in such jurisdiction.

  

	 	4.5.	 Designation of Underwriter. (a) In the case of any registration effected pursuant to
Section 4.3 or 4.4, the Holders that submitted the request for registration shall have the right to designate the managing underwriter(s) in any underwritten offering, subject to the Company’s approval, which shall not be unreasonably
withheld; and (b) in the case of any registration initiated by the Company, the Company shall have the right to designate the managing underwriter in any underwritten offering. 

 

	 	4.6.	 Expenses. All expenses, including the reasonable fees and expenses of one counsel for the
Initiating Holders incurred in connection with any registration under Section 4.2, Section 4.3 or Section 4.4 shall be borne by the Company; provided, however, that each of the Holders participating in such registration
shall pay its pro rata portion of discounts or commissions payable to any underwriter. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceedings commenced pursuant to Section 4.3 or
Section 4.4, if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses pro rata based upon
the number of Registrable Securities that were to be registered in the withdrawn registration) and provided, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition or,
business of the Company not known to the Holders or the director appointed by them at the time of their request for such registration and have withdrawn their request for registration with reasonable promptness after learning of such material
adverse change, then the Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to this Section 4.6. 

  

	 	4.7.	 Indemnities. In the event of any registered offering of Registrable Securities pursuant to this
Section 4: 

  

	 	4.7.1.	 The Company will indemnify and hold harmless, to the fullest extent permitted by law, any Holder whose
Registrable Securities or shares are included in the registration, and any underwriter for such Holder, and each person, if any, who controls the Holder or such underwriter, from and against any and all losses, damages, claims, liabilities, joint or
several, costs and expenses (including any amounts paid in any settlement effected with the Company’s consent) to which the Holder or any such underwriter or controlling person may become subject under applicable law or otherwise, insofar as
such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the registration
statement or included in the prospectus, as amended or supplemented, (ii) the omission or alleged omission to state therein a material fact 

  
 6 

	 	
required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they are made, not misleading, or (iii) any violation or alleged
violation by the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act, the 1934 Act or any state securities laws; and the Company will reimburse the Holder, such underwriter and each such
controlling person of the Holder or the underwriter, promptly upon written demand, for any reasonable legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a
third-party witness in connection with such loss, claim, damage, liability, action or proceeding; provided, however, that the Company will not be liable to any Holder, underwriter or controlling person in any such case to the extent
that any such loss, damage, liability, cost or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished in writing by such Holder, such
underwriter or such controlling persons claiming for indemnification in writing specifically for inclusion therein; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence
obligations; provided, further, that the indemnity agreement contained in this Section 4.7.1 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the written
consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the selling shareholder, the underwriter or any controlling person
of the selling shareholder or the underwriter, and regardless of any sale in connection with such offering by the selling shareholder. Such indemnity shall survive the transfer of securities by a selling shareholder. 

 

	 	4.7.2.	 Each Holder participating in a registration hereunder will furnish to the Company in writing any information
regarding such Holder and his or her intended method of distribution of Registrable Securities or shares as the Company may reasonably request and will indemnify and hold harmless the Company, each of its directors, officers who have signed the
registration statement, any underwriter for the Company, any other person participating in the distribution and each person, if any, who controls the Company, such underwriter, or such other person from and against any and all losses, damages,
claims, liabilities, costs or expenses (including any amounts paid in any settlement effected with the selling shareholder’s consent) to which the Company or any such controlling person and/or any such underwriter may become subject under
applicable law or otherwise, insofar as such losses, damages, claims, liabilities (or actions or proceedings in respect thereof), costs or expenses arise out of or are based on (i) any untrue or alleged untrue statement of any material fact
contained in the registration statement or included in the prospectus, as amended or supplemented, (ii) the omission or the alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances in which they were made, not misleading, or (iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the
Act, the 1934 Act or any state securities laws, but, in each case, only to the extent of such information relating to such Holder and provided in writing by such Holder, and each such Holder will reimburse the Company each of its directors, officers
who have signed the registration statement, any underwriter, any other person participating in the distribution and each such controlling person of the Company, any underwriter or other person, promptly upon demand, for any reasonable legal or other
expenses incurred by them in connection with investigating, preparing to defend or defending against or appearing as a third-party witness in connection with such loss, claim, damage, liability, action or proceeding; in each case to the extent, but
only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was so made in strict conformity with written information furnished by such Holder specifically for inclusion therein. The foregoing indemnity
agreement 

  
 7 

	 	
shall be individual and several by each Holder. The foregoing indemnity is also subject to the condition that, insofar as it relates to any such untrue statement (or alleged untrue statement) or
omission (or alleged omission) made in the preliminary prospectus but eliminated or remedied in the amended prospectus at the time the registration statement becomes effective or in the final prospectus, such indemnity agreement shall not inure to
the benefit of (i) the Company, (ii) any underwriter and any person, if any, controlling the Company or the Underwriter, if a copy of the final prospectus was not furnished to the person or entity asserting the loss, liability, claim or
damage at or prior to the time such furnishing is required by the Securities Act; provided, further, that this indemnity shall not be deemed to relieve any underwriter of any of its due diligence obligations; provided,
further, that the indemnity agreement contained in this Section 4.7.2 shall not apply to amounts paid in settlement of any such claim, loss, damage, liability or action if such settlement is effected without the consent of the Holders,
as the case may be, which consent shall not be unreasonably withheld. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. 

 

	 	4.7.3.	 Promptly after receipt by an indemnified party pursuant to the provisions of Sections 4.7.1 or 4.7.2 of notice
of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to be made against the indemnifying party pursuant to the provisions of said Section 4.7.1
or 4.7.2, promptly notify the indemnifying party of the commencement thereof; but the omission to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party hereunder unless the failure to give
such notice is materially prejudicial to an indemnifying party’s ability to defend such action. In case such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying
party shall have the right to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party;
provided, however, that if the defendants in any action include both the indemnified party and the indemnifying party and the indemnified party reasonably believes that there is a conflict of interests which would prevent counsel for
the indemnifying party from also representing the indemnified party, the indemnified party or parties shall have the right to select one separate counsel to participate in the defense of such action on behalf of such indemnified party or parties.
After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of said Sections 4.7.1 or 4.7.2 for
any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed counsel in accordance with the provision of the preceding sentence,
(ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after the notice of the commencement of the action and within fifteen
(15) days after written notice of the indemnified party’s intention to employ separate counsel pursuant to the previous sentence, or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at
the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation. 

  

	 	4.7.4.	 If recovery is not available under the foregoing indemnification provisions, for any reason other than as
specified therein, the parties entitled to indemnification by the terms thereof shall be entitled to contribution to liabilities and expenses as more fully set forth in an underwriting agreement to be executed in connection with such registration.
In determining the amount of contribution to which the respective 

  
 8 

	 	
parties are entitled, there shall be considered the parties’ relative knowledge and access to information concerning the matter with respect to which the claim was asserted, the opportunity
to correct and prevent any statement or omission, and any other equitable considerations appropriate under the circumstances. In no event shall the liability of a Holder exceed the net proceeds from the offering received by such Holder. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 

 

	 	4.7.5.	 The rights and obligations of the Company and the Holder under this Section 4.7 shall survive completion
of the applicable registration. 

  

	 	4.8.	 Obligations of the Company. Whenever required under this Section 4 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as possible: 

  

	 	4.8.1.	 prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its
reasonable commercial efforts to cause such registration statement to become effective, and, upon the request of the holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period
of up to nine (9) months or, if sooner, until the distribution contemplated in the Registration Statement has been completed. 

  

	 	4.8.2.	 prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus
used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement. 

 

	 	4.8.3.	 furnish to the Holders such numbers of copies of a prospectus, including a preliminary prospectus, in
conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 

 

	 	4.8.4.	 in the event of any underwritten public offering, enter into and perform its obligations under an underwriting
agreement, in usual and customary form, with the managing underwriter of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

 

	 	4.8.5.	 notify each holder of Registrable Securities covered by such registration statement at any time when a
prospectus relating thereto is required to be delivered under the Act of the happening of any event that comes to its knowledge, as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 

 

	 	4.8.6.	 cause all Registrable Securities registered pursuant hereunder to be listed on a national securities exchange,
in the case of an IPO, or on each securities exchange on which similar securities issued by the Company are then listed. 

  

	 	4.8.7.	 provide a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP
number for all such Registrable Securities, in each case not later than the effective date of such registration. 

  

	 	4.8.8.	 furnish, at the request of any Holder requesting registration of Registrable Securities pursuant to this
Section 4, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this Section 4, if such securities are being sold through underwriters, or, if such securities
are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in an underwritten public offering, 

  
 9 

	 	
addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities and (ii) a letter dated such date, from the independent certified public
accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting
registration of Registrable Securities. 

  

	 	4.9.	 Information by Holder; No Delay. Each selling Holder shall furnish to the Company such
information regarding such Holder, the Registrable Securities held by them and the intended method of disposition of such securities and any other relevant information as the Company may reasonably request in writing to timely effect the
registration of their Registrable Securities. If any Holder does not provide any reasonably requested information promptly but no later than within twenty (20) days of the request, the Company is permitted to not register such Holder’s
securities without penalty. For avoidance of doubts, no Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 4. 

  

	 	4.10.	 Assignment of Registration Rights. Any of the Holders may assign its rights to cause the Company
to register Shares pursuant to this Section 4 to a transferee of all or any part of its Registrable Securities, provided that such transfer or assignment is made pursuant to the provisions of the Articles of Association of the Company. The
transferor shall, within twenty (20) days after such transfer, furnish the Company with written notice of the name and address of such transferee and the securities with respect to which such registration rights are being assigned, and the
transferee’s written agreement to be bound by this Section 4. 

  

	 	4.11.	 Lock-Up. Each holder will not, without the prior written
consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to the IPO and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty
(l80) days) (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or
indirectly, any Registrable Securities, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Registrable Securities, whether any such transaction
described in clause (i) or (ii) above is to be settled by delivery of Registrable Securities or such other securities, in cash or otherwise; provided that such obligation shall only apply where the officers, directors of the Company and
other shareholders who hold at least one percent (1%) of the issued and outstanding capital are similarly bound and any release from such “lock-up” will be on a pro rata basis among all shareholders
of the Company. The underwriters in connection with the registration statement so filed are intended third party beneficiaries of this Section 4.11 and shall have the right, power and authority to enforce the provisions hereof as though they
were a party hereto. 

  

	 	4.12.	 Public Information. At any time and from time to time after the earlier of the close of business
on such date as (a) a registration statement filed by the Company under the Securities Act becomes effective, (b) the Company registers a class of securities under Section 12 of the United States Securities Exchange Act of 1934, as
amended, or any federal statute or code which is a successor thereto, or (c) the Company issues an offering circular meeting the requirements of Regulation A under the Securities Act, the Company shall undertake to make publicly available and
available to the Rights Holder pursuant to Rule 144, such information as is necessary to enable the Rights Holder to make sales of Registrable Securities pursuant to that Rule. The Company shall comply with the current public information
requirements of Rule 144 and shall furnish thereafter to the Rights Holder, upon request, a written statement executed by the Company as to the steps it has taken to so comply. 

 

	 	4.13.	 Foreign Offerings. The provisions of this Section 4 shall apply, mutatis mutandis, to
any registration of the securities of the Company outside of the United States. 

  

	 	4.14.	 Termination of Registration Rights. Notwithstanding anything to the contrary herein, the
Company’s obligations under this Section 4 shall terminate and shall be of no further force or effect upon the earlier of (i) the fifth anniversary of the consummation of the IPO, or (ii) upon a Realization Event (as defined in
the Company’s Amended and Restated Articles of Association). 

  
 10 

	 	4.15.	 Legends. All certificates representing any shares of the Company issued immediately prior to the
closing an IPO shall have endorsed thereon a legend to substantially the following effect: 

 “THE SALE OR TRANSFER
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF THE COMPANY’S ARTICLES OF ASSOCIATION, AS AMENDED FROM TIME TO TIME AND ANY AGREEMENT BY AND AMONG THE HOLDER HEREOF AND THE COMPANY. A COPY OF SUCH
AGREEMENTS IS ON FILE AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS.” 
  

	5.	 U.S. Tax  

 

	 	5.1.	 References in this Section to the “Company” shall be deemed to include each of the Company’s non-U.S. subsidiaries unless otherwise noted. References in this Section to “U.S. Investor” shall include U.S. Investors as relevant under applicable law and shall be deemed to include each of Scale,
Greenspring and Insight. 

  

	 	5.2.	 Notwithstanding any other provision of this Agreement, the By-Laws or
any additional financing documents to the contrary and so long as U.S. Investor holds at least 5% of the then-outstanding Preferred Shares (provided that such 5% ownership limitation shall not apply to Section 5.2.5, 5.2.6, 5.2.7, 5.2.8, and
5.2.11) of the Company on a fully-diluted basis: 

  

	 	5.2.1.	 Reserved. 

  

	 	5.2.2.	 Reserved. 

  

	 	5.2.3.	 Not later than one month following the end of the Company’s taxable year, the Company shall, at its cost,
provide the Preferred Holders with the Company’s capitalization table as of the end of such taxable year and, as soon as possible following the end of the Company’s taxable year (but in no event later than forty-five (45) days
following the end of each taxable year) , the Company shall, at its cost, obtain a report, prepared by U.S. counsel for the Company, regarding the Company’s status as a CFC. It is acknowledged that the references to “U.S. counsel”
shall include the US Desk of EY in Tel Aviv. In addition, the Company shall, at its cost, provide U.S. Investor with access to other Company information as reasonably requested by U.S. Investor and as may be required for U.S. Investor to analyze and
to determine the Company’s status as a CFC, to verify whether the Company was a CFC for each fiscal year and to determine whether U.S. Investor is required to include any amount of the Company’s undistributed earnings in its gross income
for U.S. federal income tax purposes, or to allow U.S. Investor to otherwise comply with applicable U.S. federal income tax laws. 

  

	 	5.2.4.	 The Company shall make due inquiry with its U.S. tax advisors at least annually regarding the Company’s
status as a CFC and whether U.S. Investor is required to include any gross income on its U.S. federal income tax return due the Company’s status as a CFC. The Company shall promptly update the Preferred Holders of any change to the
Company’s shareholders that may cause the Company to be a CFC. If the Company is, in the reasonable opinion of the Company’s tax advisors, or the tax advisors of Scale, Greenspring or Insight, a CFC, the Company shall use commercially
reasonable efforts to avoid generating any income of a character that would be includible in the gross income of U.S. Investor under Section 951 of the Code. 

 

	 	5.2.5.	 The Company shall use commercially reasonable efforts to avoid being a passive foreign investment company (a
“PFIC”), as defined in Section 1297 of the Code. The Company shall make due inquiry with its U.S. tax advisors at least annually regarding the Company’s status as a PFIC and if the Company becomes a PFIC, or if there is a
likelihood of the Company being a PFIC for any taxable year, the Company shall promptly notify U.S. Investor of such status or risk, as the case may 

  
 11 

	 	
be. The Company shall, at its cost, as soon as reasonably practicable following the end of each taxable year (but in no event later than forty-five (45) days following the end of each
taxable year), provide U.S. Investor with a properly completed PFIC Annual Information Statement in the form set out in Schedule 3 that is based on the Company’s unaudited financial information and other good faith assumptions, and the
Company will permit U.S. Investor and its Partners to inspect and copy the Company’s permanent books of account, records, and such other Company documents as are necessary to establish that the Company’s ordinary earnings and net capital
gain are computed in accordance with U.S. income tax principles. 

  

	 	5.2.6.	 Subject to approval by Preferred Holders holding a majority of the Preferred Shares, the Company shall make or
refrain from making any U.S. tax election that U.S. Investor reasonably requests the Company to make or refrain from making. Notwithstanding the foregoing, the Company and the Preferred Holders shall not file any U.S. tax election or otherwise
change the Company’s characterization as a corporation for United States tax purposes without the consent of each U.S. Investor. 

  

	 	5.2.7.	 If the tax advisors of any U.S. Investor or its Partner’s (as defined below) reasonably determine that
they are subject to U.S. information and reporting requirements that require the disclosure of information about the Company or Company transactions not readily available to such U.S. Investor or its Partners, the Company agrees to provide such
information, at the Company’s cost, to such U.S. Investor and its Partners as may be necessary to allow such U.S. Investor and its Partners to fulfill their U.S. tax reporting obligations. The term “Partner” means each
shareholder, partner, member or other equity holder of U.S. Investor and any person holding an option to acquire a share, partnership interest, membership interest or other equity interest in U.S. Investor and any direct or indirect equity owner of
such shareholder, partner, member, other equity holder or optionholder. Any request for information or inspection by a Partner pursuant to this Section 5, shall be made to the Company solely through U.S. Investor and shall be performed by one
of the Big Four accounting firms on behalf of U.S. Investor and the Partners. 

  

	 	5.2.8.	 The Company will, at its cost, use commercially reasonable efforts to comply with all record-keeping,
reporting, and other reasonable requests necessary to comply with any applicable U.S. tax law or to allow each U.S. Investor or its Partners to comply with the applicable provisions of U.S. tax law with respect to the direct or indirect ownership of
the Company. The Company will provide each U.S. Investor or its Partners with information to the Company and reasonably requested to allow such U.S. Investor or its Partners to comply with U.S. tax law with respect to the direct or indirect
ownership of the Company. 

  

	 	5.2.9.	 The Company shall regularly consult with its U.S. tax advisors to ensure compliance with the covenants set
forth in this Section. 

  

	 	5.2.10.	 The Company will not withhold any tax against any amounts payable or distributable to a U.S. Investor without
first providing notice of such withholding and a reasonable opportunity for such U.S. Investor to obtain reduced rates of withholding or other available exemptions, if any. 

 

	 	5.2.11.	 To the extent any consent, affirmative vote, or other action is required by the Company, its officers or
directors, or any of the Preferred Holders to implement the provisions of this Section, such consent, vote or other action is hereby given or will be given at the applicable time and the Company, its officers and directors, and each Preferred Holder
shall fully cooperate in carrying out the provisions of this Section. 

  

	6.	 Covenants. 

 

	 	6.1.	 After the fifth anniversary of the date hereof, the holders of a majority of the issued Preferred Shares shall
be entitled to request (i) that the Company explore, investigate and/or pursue a Realization Event (as such term is defined in the Company’s Amended Articles of Association) (including, but not limited to, by requesting that the chairman
of the Board include discussion of 

  
 12 

	 	
such a Realization Event as an agenda item at any meeting of the Board and (ii) that the Company engage and/or appoint an investment bank to report on any such opportunities and strategy),
subject to Article 24, with any decision regarding the appointment of the investment bank and such Realization Event being subject to the consent of a majority of the members of the Board. 

 

	 	6.2.	 After the third anniversary of the date hereof, the holders of a majority of the issued Preferred Shares shall
be entitled to request that the Company explore an “Authorized IPO” (including, but not limited to, by requesting (i) that the chairman of the Board include discussion of such an Authorized IPO as an agenda item at any meeting of the
Board and (ii) that the Company engage and/or appoint an underwriter to lead such a process), with any decision regarding the appointment of the underwriter and such Authorized IPO being subject to the consent of a majority of the members of
the Board. An “Authorized IPO” is defined as the sale of the Company’s ordinary shares in a public offering on a regulated market or exchange with adequate liquidity, which results in aggregate cash proceeds to the Company of
at least $200 million (net of underwriting discounts and commissions) and where the valuation of the Company is at least equal to $2,500 million prior to the public offering. 

 

	 	6.3.	 Insurance. The Company shall use commercially reasonable efforts to maintain, from financially sound and
reputable insurers, Directors and Officers liability insurance. 

  

	7.	 Miscellaneous 

 

	 	7.1.	 Termination. The rights granted to the Preferred Holders pursuant to Sections 1, 2, 3, 5 and 6
hereof shall expire forthwith upon the earlier of: (a) the closing of an IPO, and (b) the date on which the Preferred Holders or their Permitted Transferees cease to hold shares of the Company. 

 

	 	7.2.	 Governing Law and Jurisdiction. All disputes arising under this Agreement or in connection with
the transactions hereunder shall be resolved between the parties in good faith, however, if these efforts fail the dispute shall be resolved exclusively in accordance with the laws of the State of Israel, without giving effect to conflict of law
provisions thereto. The competent courts of Tel Aviv shall have sole and exclusive jurisdiction over any issue arising out of or in connection with this Agreement. 

 

	 	7.3.	 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof
shall inure to the benefit of, and be binding upon, the successors, assignees, heirs, executors and administrators of the parties hereto. No assignment of any rights or obligations pursuant to this Agreement may be made by a shareholder except with
a transfer of Shares held by such shareholder in accordance with the Articles of Association of the Company. 

  

	 	7.4.	 Entire Agreement; Amendment and Waiver. This Agreement contains the entire understanding of the
parties hereto with respect to the subject matter hereof, supersedes all other agreements (including the Prior Agreement) between or among any of the parties with respect to the subject matter hereof. Except as specifically provided otherwise
herein, this Agreement may only be amended or the observance of any provision hereof may only be waived (either generally or in a particular instance and either retroactively or prospectively) by the consent in writing of the Company and Preferred
Holders holding at least 55% of the outstanding Preferred Shares, provided, however, that if such amendment and waiver would vary express contractual rights granted to a party by name under this Agreement, the consent of the
affected party to such amendment or waiver shall be specifically required. Notwithstanding the foregoing, this Agreement may not be amended, modified or terminated and the observance of any term hereof may not be waived with respect to any Preferred
Holder without the prior written consent of such Preferred Holder, unless such amendment, termination, or waiver applies to all Preferred Holders in the same fashion. Any amendment or waiver so effected shall be binding upon the Company and the
Preferred Holders (including any future Preferred Holders) and their respective successors and assigns. 

  

	 	7.5.	 Notices. All notices and other communications required or permitted to be given or sent hereunder
to a party shall be in writing and shall be deemed to have been sufficiently given or delivered for all purposes if mailed by registered mail, sent by electronic mail or fax or delivered by hand to such party’s address as follows: (i) with
respect to the Company – to the address set forth at the 

  
 13 

	 	
heading of this Agreement; and (ii) with respect to any Preferred Holder, to the address set forth in Schedule 1; or at such other address as the party shall have furnished to each
other party in writing in accordance with this provision. All notices shall be deemed to have been received: (i) within seven (7) Business Days (as defined in the articles of association of the Company) following the date on which it was
deposited postage prepaid, via first registered mail; (ii) within one (1) Business Day after it was transmitted by electronic mail or fax and confirmation of transmission has been obtained; and (iii) if delivered by hand or via
internationally recognized courier shall be deemed to have been received at the time of actual receipt. Any notice to the Company shall be accompanied by copy to Company legal counsel (which shall not constitute notice under this section or for any
legal purpose) at: bfp & Co., Attorneys & Notary, P O Box 3330 Tel Aviv, 6103202 Israel, fax +972 3 7942101, attn: Haleli Barath, Adv. Email: halelib@bfp-law.com. 

 

	 	7.6.	 Delays or Omissions. No delay or omission to exercise any right, power or remedy, upon any breach
or default under this Agreement, shall impair any such right, power or remedy of such holder nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach or default thereafter
occurring. 

  

	 	7.7.	 Waiver of Default. No waiver with respect to any breach or default in the performance of any
obligation under the terms of this Agreement shall be deemed to be a waiver with respect to any subsequent breach or default, whether of similar or different nature. Any waiver, permit, consent or approval of any kind or character on the part of any
holder of any breach or default under this Agreement, or any waiver on the part of any holder of any provisions or conditions of this Agreement shall be effective only if made in writing and only to the extent specifically set forth in such writing.
All remedies, either under this Agreement or by virtue of law or otherwise afforded to any holder, shall be cumulative and not alternative. 

  

	 	7.8.	 Rights; Severability. In case any provision of the Agreement shall be held to be invalid, illegal
or unenforceable by a court of competent jurisdiction, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. The parties hereto shall be obliged to draw up an arrangement in
accordance with the meaning and the object of the invalid provision. 

  

	 	7.9.	 Further Instruments and Actions. The parties agree to execute such further instruments and to
take such further action as may reasonably be necessary to carry out the transactions contemplated by this Agreement. 

  

	 	7.10.	 Titles and Subtitles. The titles of the sections and subsections of this Agreement are for
convenience of reference only and are not to be considered in construing this Agreement. 

  

	 	7.11.	 Aggregation of Stock. All shares of Registrable Securities held or acquired by affiliated
entities or persons or persons or entities under common management or control shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

 

	 	7.12.	 Counterparts. This Agreement may be executed contemporaneously in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

  

	 	7.13.	 Electronic Delivery of Signatures. This Agreement may be executed and delivered by facsimile or
other electronic means and upon such delivery the facsimile or electronically delivered signature will be deemed to have the same effect as if the original signature had been delivered to the other party. 

[Remainder of page intentionally left blank.] 

  
 14 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated
Investor’s Rights Agreement as of the date set forth above. 
  

			
	 /s/ Dan Adika

WalkMe Ltd.

		
	By:	 	 Dan Adika

	Title:	 	 Chief Executive Officer

  
 15 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 

 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s Rights
Agreement as of the date set forth above. INSIGHT VENTURE PARTNERS IX, L.P. 
 By: Insight Venture Associates IX, L.P., its General Partner 

By: Insight Venture Associates IX, Ltd., its General Partner 
  

			
	By:	 	/s/ Blair M. Flicker
		 	Name: Blair M. Flicker
		 	Title: Managing Director

 INSIGHT VENTURE PARTNERS (DELAWARE) IX, L.P. 

By: Insight Venture Associates IX, L.P., its General Partner 

By: Insight Venture Associates IX, Ltd., its General Partner 
  

			
	By:	 	/s/ Blair M. Flicker
		 	Name: Blair M. Flicker
		 	Title: Managing Director

 

 INSIGHT VENTURE PARTNERS (CAYMAN) IX, L.P. 

By: Insight Venture Associates IX, L.P., its General Partner 

By: Insight Venture Associates IX, Ltd., its General Partner 
  

			
	By:	 	/s/ Blair M. Flicker
		 	Name: Blair M. Flicker
		 	Title: Managing Director

 INSIGHT VENTURE PARTNERS IX (CO-INVESTORS), L.P. 

By: Insight Venture Associates IX, L.P., its General Partner 

By: Insight Venture Associates IX, Ltd., its General Partner 
  

			
	By:	 	/s/ Blair M. Flicker
		 	Name: Blair M. Flicker
		 	Title: Managing Director

 
 

  
 GRACE SOFTWARE CROSS FUND HOLDINGS,
L.P. 
 By: Grace Holdings II GP, LLC, its general partner 

By: Insight Associates XI, L.P., its manager 
 By: Insight
Associates XI, Ltd., its general partner 
  

			
	By:	 	/s/ Andrew Prodromos
	Name:	 	Andrew Prodromos
	Title:	 	Authorized Officer

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 16 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 
  

									
	 /s/ Hans-Jurgen
Schmitz            /s/ Willibrord Ehses
	 		 		 	
	Mangrove III Investments S.a.r.l	 		 	            Mangrove V Investments S.a.r.l

									
	By:	 	  
	 		 	By:	 	 /s/ Hans-Jurgen Schmitz            /s/
Willibrord Ehses

	Title:	 	  
	 		 	Title:	 	  

  

	
	/s/ Menashe Ezra
	GEMINI ISRAEL V LP
	by its general partner
	Gemini Capital Associates V LP
	by its general partner
	Gemini Capital Associates V GP, Ltd.

  

	
	/s/ Menashe Ezra
	GEMINI PARTNERS INVESTORS V LP
	by its general partner
	Gemini Israel Funds IV Ltd.

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 17 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 
  

			
	SCALE VENTURE PARTNERS IV, LP

			
		
	By:	 	Scale Venture Management IV, L.P.
	Its:	 	General Partner
		
	By:	 	Scale Venture Management IV, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Rory O’Driscoll

	Name:	 	Rory O’Driscoll
	Title:	 	Managing Director

  

			
	
	  
 GIZA V CONTINUATION
FUND L.P

			
		
	By:	 	 /s/ Zeev Holtzman

	Name:	 	 Zeev Holtzman

	Title:	 	 Chairman

 

			
	
	  
 CRESCENDO VENTURES
SPECIAL OPPORTUNITIES 1 LIMITED

			
		
	By:	 	 /s/ Hamish Few

	Name:	 	 Hamish Few

	Title:	 	 Director

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 18 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 
  

									
	 /s/ Gur Shomron

Gur Shomron
	 	        	 	 /s/ Nir Nachum

Nir Nachum
	 	        	 	 /s/ Gur Shomron

Ariel Finder

					
	 /s/ Gur Shomron

Guy Livneh
	 		 		 		 	

 /s/ Eugene Lipitz 

			
	  
 Ocean
Assets LLC

		
	By:	 	 Eugene Lipitz

	Title:	 	 member

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 19 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 
  

							
	Greenspring Global Partners VI-A, L.P.	 		  	Greenspring Secondaries Fund IV, L.P.
			
	By: Greenspring General Partner VI, L.P.,	 		  	
	General Partner	 		  	
	By: Greenspring GP VI, LLC,	 		  	
	General Partner	 		  	
				
	By:    	 	 /s/ Eric Thompson
	 	        	  	 By:      /s/ Eric Thompson

	Name:	 	 Eric Thompson
	 		  	 Name: Eric Thompson

	Title:	 	 COO
	 		  	 Title:   COO

			
	Greenspring Global Partners VI-C, L.P.	 		  	Greenspring Secondaries Fund IV-D, L.P.
			
	By: Greenspring General Partner VI, L.P.,	 		  	
	General Partner	 		  	
	By: Greenspring GP VI, LLC,	 		  	
	General Partner	 		  	
				
	By:    	 	 /s/ Eric Thompson
	 	        	  	 By:      /s/ Eric Thompson

	Name:	 	 Eric Thompson
	 		  	 Name: Eric Thompson

	Title:	 	 COO
	 		  	 Title:   COO

			
	Greenspring Opportunities III, L.P.	 		  	Greenspring Secondaries Fund IV-K, L.P.
				
	By:	 	Greenspring Opportunities General Partner III, L.P.,	 		  	
		 	its General Partner	 		  	
	By:	 	Greenspring Opportunities GP III, LLC,	 		  	
		 	Its General Partner	 		  	
				
	By:    	 	 /s/ Eric Thompson
	 	        	  	 By:      /s/ Eric Thompson

	Name:	 	 Eric Thompson
	 		  	 Name: Eric Thompson

	Title:	 	 COO
	 		  	 Title:   COO

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 20 

 IN WITNESS WHEREOF, the undersigned have executed this 2021 Amended and Restated Investor’s
Rights Agreement as of the date set forth above. 
  

			
	EDB Investments Pte Ltd.
		
	By:    	 	 /s/ Lawrence Low

	Name:	 	 Lawrence Low

	Title:	 	 Authorized signatory

  

			
	AMBLESIDE S.A R.L.
		
	By:    	 	 /s/ Gael Sausy

	Name:	 	 Gael Sausy

	Title:	 	 B Manager and authorised representative

 [Signature Page—2021 Amended and Restated Investor’s Rights Agreement] 

  
 21 

 SCHEDULE 1 

 

			
	Preferred Holder Name and Address	  	Registrable Securities

 Mangrove III Investments S.a.r.l 

Mangrove V Investments S.a.r.l 
 Gemini Israel V LP

 Gemini Partners Investors V LP 
 Giza V
Continuation Fund L.P LP 
 Nir Nachum 

Gur Shomron 
 Guy Livneh

 Ariel Finder 

Ocean Assets LLC 
 Scale Venture
Partners IV, L.P. 
 950 Tower Lane 
 Suite 700 

Foster City, California 
 USA 94404 

Fax: +1-650-378-6040 

Greenspring Opportunities III, L.P. 
 Greenspring
Global Partners VI-A, L.P. 
 Greenspring Global Partners VI-C, L.P.

 Greenspring Secondaries Fund IV, L.P 

Greenspring Secondaries Fund IV-D, L.P 

Greenspring Secondaries Fund IV-K, L.P 

Insight Venture Partners IX, L.P. 
 1114 Avenue of the
Americas, 36th Floor 
 New York, New York 

USA 10036 
 With a copy to: 

Willkie Farr & Gallagher LLP 
 787 Seventh Avenue 

New York, New York 
 USA 10019 

Insight Venture Partners (Cayman) IX, L.P. 
 1114 Avenue
of the Americas, 36th Floor 
 New York, New York 

USA 10036 
 With a copy to: 

Willkie Farr & Gallagher LLP 
 787 Seventh Avenue 

New York, New York 
 USA 10019 

  
 22 

 Insight Venture Partners IX (Co-Investors), L.P. 

1114 Avenue of the Americas, 36th Floor 

New York, New York 
 USA 10036 

With a copy to: 
 Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, New York 

USA 10019 
 Insight Venture Partners (Delaware) IX, L.P.

 1114 Avenue of the Americas, 36th Floor 

New York, New York 
 USA 10036 

With a copy to: 
 Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, New York 

USA 10019 
 Grace Software Cross Fund Holdings, L.P 

1114 Avenue of the Americas, 36th Floor 

New York, New York 
 USA 10036 

With a copy to: 
 Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, New York 

USA 10019 
 Ambleside S.a r.l. 

21, rue Philippe II 

L-2340 Luxembourg 
 With
a copy to: 
 Vitruvian Partners LLP 
 105 Wigmore Street 

London W1U 1QY 
 United Kingdom 

FAO: Mike Risman/Raluca Ragab 
 EDB Investments Pte Ltd.

 250 North Bridge Road, 

#20-03 Raffles City Tower, 

Singapore 179101 
 Crescendo Ventures Special Opportunities 1
Limited 

  
 23 

 SCHEDULE 2 

ORDINARY HOLDERS 
 Dan Adika 

Eyal Cohen 
 Brooks S.M. Projects Ltd. / Rafael Sweary 

  
 24 

 SCHEDULE 3 

PFIC ANNUAL INFORMATION STATEMENT 

WALKME 

1.    This Information Statement is for the taxable year of [Company] (the “Company”) beginning on
January 1, 201_ and ending on December 31, 201_ (the “Taxable Year”) and is issued to [Scale] [Greenspring] [Insight] (“Investor”). 

2.    For the Taxable Year, the Company: 

     was a passive foreign investment company (“PFIC”). 

     was not, to the Company’s knowledge, a PFIC (Skip Sections 3 and 4). 

3.    The Investor’s pro-rata share of the Company’s ordinary
earnings and net capital gain (as determined under U.S. federal income tax principles) for the Taxable Year follows: 
 Ordinary Earnings:
                                         
                    
 Net Capital Gain :
                                         
                    

4.    The amount of cash and fair market value of other property distributed or deemed distributed by the Company
to the Investor during the Taxable Year was - 
 Cash: U.S. $
                     
 Fair
Market Value of Property: U.S. $                      

5.    The Company will permit the Investor, its direct or indirect owners to inspect and copy the Company’s
permanent books of account, records, and such other Company documents as are necessary to establish that the Company’s ordinary earnings and net capital gain are computed in accordance with U.S. income tax principles. 

Date: [                    ,
201    ] 
 Company 
  

			
	By:	 	  

 Title:     Chief Executive Officer 

  
 25

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