Document:

EX-10.3

 Exhibit 10.3 

DECOLAR.COM, INC. 

2015 STOCK PLAN 

ADOPTED ON MARCH 6, 2015 

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 SECTION 1. ESTABLISHMENT AND PURPOSE
	  	 	1	 
		
	 SECTION 2. ADMINISTRATION
	  	 	1	 
	 (a)         Committees of the Board of
Directors
	  	 	1	 
	 (b)         Authority of the Board of
Directors
	  	 	1	 
		
	 SECTION 3. ELIGIBILITY
	  	 	1	 
	 (c)         General Rule
	  	 	1	 
	
(d)         Ten-Percent
Stockholders
	  	 	2	 
		
	 SECTION 4. STOCK SUBJECT TO PLAN
	  	 	2	 
	 (e)         Basic Limitation
	  	 	2	 
	 (f)         Additional Shares
	  	 	2	 
		
	 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES
	  	 	2	 
	 (g)         Stock Grant or Purchase
Agreement
	  	 	2	 
	 (h)         Duration of Offers and Nontransferability
of Rights
	  	 	2	 
	 (i)          Purchase Price
	  	 	3	 
		
	 SECTION 6. TERMS AND CONDITIONS OF OPTIONS
	  	 	3	 
	 (j)          Stock Option Agreement
	  	 	3	 
	 (k)         Number of Shares
	  	 	3	 
	 (l)          Exercise Price
	  	 	3	 
	 (m)        Exercisability
	  	 	3	 
	 (n)         Basic Term
	  	 	3	 
	 (o)         Termination of Service (Except by
Death)
	  	 	3	 
	 (p)         Leaves of Absence
	  	 	4	 
	 (q)         Death of Optionee
	  	 	4	 
	 (r)          Restrictions on Transfer of
Options
	  	 	5	 
	 (s)          No Rights as a Stockholder
	  	 	5	 
	 (t)          Modification, Extension and
Assumption of Options
	  	 	5	 
	 (u)         Company’s Right to Cancel Certain
Options
	  	 	5	 
		
	 SECTION 7. PAYMENT FOR SHARES
	  	 	5	 
	 (v)         General Rule
	  	 	5	 
	 (w)        Services Rendered
	  	 	5	 
	 (x)         Promissory Note
	  	 	5	 
	 (y)         Surrender of Stock
	  	 	6	 
	 (z)         Exercise/Sale
	  	 	6	 
	 (aa)       Net Exercise
	  	 	6	 
	 (bb)       Other Forms of Payment
	  	 	6	 

  
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	 SECTION 8. TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS
	  	 	6	 
	 (a)         Restricted Stock Unit Agreement
	  	 	6	 
	 (b)         Payment for Restricted Stock
Units
	  	 	6	 
	 (cc)       Vesting Conditions
	  	 	6	 
	 (dd)       Forfeiture
	  	 	7	 
	 (ee)       Voting and Dividend Rights
	  	 	7	 
	 (ff)        Form and Time of Settlement of Restricted
Stock Units
	  	 	7	 
	 (gg)       Death of Recipient
	  	 	7	 
	 (hh)       Creditors’ Rights
	  	 	7	 
	 (ii)         Modification, Extension and Assumption
of Restricted Stock Units
	  	 	8	 
	 (jj)         Restrictions on Transfer of Restricted
Stock Units
	  	 	8	 
		
	 SECTION 9. ADJUSTMENT OF SHARES
	  	 	8	 
	 (kk)      General
	  	 	8	 
	 (ll)        Corporate Transactions
	  	 	8	 
	 (mm)    Reservation of Rights
	  	 	10	 
		
	 SECTION 10. MISCELLANEOUS PROVISIONS
	  	 	10	 
	 (nn)      Securities Law Requirements
	  	 	10	 
	 (oo)      No Retention Rights
	  	 	10	 
	 (pp)      Treatment as Compensation
	  	 	11	 
	 (qq)      Governing Law
	  	 	11	 
	 (rr)       Conditions and Restrictions on Shares
	  	 	11	 
	 (ss)       Tax Matters
	  	 	11	 
		
	 SECTION 11. DURATION AND AMENDMENTS; STOCKHOLDER APPROVAL
	  	 	12	 
	 (tt)        Term of the Plan
	  	 	12	 
	 (uu)      Right to Amend or Terminate the Plan
	  	 	12	 
	 (vv)      Effect of Amendment or Termination
	  	 	12	 
	 (ww)    Stockholder Approval
	  	 	12	 
		
	 SECTION 12. DEFINITIONS
	  	 	12	 

  
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 DECOLAR.COM, INC. 2015
STOCK PLAN 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 

The purpose of this Plan is to offer persons selected by the Company an opportunity to acquire a proprietary interest in the success of the
Company, or to increase such interest, by acquiring Shares of the Company’s Stock. The Plan provides for the direct award or sale of Shares, the grant of Options to purchase Shares, and the grant of Restricted Stock Units. Options granted under
the Plan may be ISOs intended to qualify under Code Section 422 or NSOs which are not intended to so qualify. 
 Capitalized terms are
defined in Section 12. 
 SECTION 2. ADMINISTRATION. 

(a)    Committees of the Board of Directors. The Plan may be administered by one or more Committees. Each
Committee shall consist, as required by applicable law, of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions as the Board
of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the
Board of Directors has assigned a particular function. 
 (b)    Authority of the Board of Directors.
Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. Notwithstanding anything to the contrary in the Plan, with
respect to the terms and conditions of Awards granted to Participants outside the United States, the Board of Directors may vary from the provisions of the Plan to the extent it determines it necessary and appropriate to do so; provided that it may
not vary from those Plan terms requiring stockholder approval pursuant to Section 11(d) below. All decisions, interpretations and other actions of the Board of Directors shall be final and binding on all Participants and all persons deriving
their rights from a Participant. 
 SECTION 3. ELIGIBILITY. 

(c)    General Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of
NSOs, the direct award or sale of Shares, or Restricted Stock Units.1 Only Employees shall be eligible for the grant of ISOs. 

 

	1 	Note that special considerations apply if the Company proposes to grant awards to an Employee or Consultant of a Parent company. 

 (d)    Ten-Percent
Stockholders. A person who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries shall not be eligible for the grant of an ISO unless (i) the Exercise
Price is at least 110% of the Fair Market Value of a Share on the Date of Grant and (ii) such ISO by its terms is not exercisable after the expiration of five years from the Date of Grant. For purposes of this Subsection (b), in determining
stock ownership, the attribution rules of Code Section 424(d) shall be applied. 
 SECTION 4. STOCK SUBJECT TO PLAN. 

(e)    Basic Limitation. Not more than 90,626 Shares may be issued under the Plan, subject to Subsection
(b) below and Section 9(a).2 All of these Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Awards under the Plan may not exceed the number of
Shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be
authorized but unissued Shares or treasury Shares. 
 (f)    Additional Shares. In the event that Shares
previously issued under the Plan are reacquired by the Company, such Shares shall be added to the number of Shares then available for issuance under the Plan. In the event that an outstanding Option or Restricted Stock Unit expires for any reason or
is cancelled before being exercised or settled in full, the unexercised or unsettled Shares subject to such Option or Restricted Stock Unit shall be added to the number of Shares then available for issuance under the Plan. In the event that Shares
that otherwise would have been issuable under the Plan are withheld by the Company in payment of the Purchase Price, Exercise Price or withholding taxes, such Shares shall remain available for issuance under the Plan. To the extent a Restricted
Stock Unit is settled in cash, the cash settlement shall not reduce the number of Shares remaining available for issuance under the Plan. 
 SECTION 5.
TERMS AND CONDITIONS OF AWARDS OR SALES. 
 (g)    Stock Grant or Purchase Agreement. Each award
of Shares under the Plan shall be evidenced by a Stock Grant Agreement between the Grantee and the Company. Each sale of Shares under the Plan (other than upon exercise of an Option) shall be evidenced by a Stock Purchase Agreement between the
Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems
appropriate for inclusion in a Stock Grant Agreement or Stock Purchase Agreement. The provisions of the various Stock Grant Agreements and Stock Purchase Agreements entered into under the Plan need not be identical. 

(h)    Duration of Offers and Nontransferability of Rights. Any right to purchase Shares under the Plan
(other than an Option or Restricted Stock Unit) shall automatically expire if not exercised by the Purchaser within 30 days (or such other period as may be specified in the Award Agreement) after the grant of such right was communicated to the
Purchaser by the Company. Such right is not transferable and may be exercised only by the Purchaser to whom such right was granted. 

 

	2	Please refer to Exhibit A for a schedule of the initial share reserve and any subsequent increases in the reserve. 

  
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 (i)    Purchase Price. The Board of Directors shall determine the
Purchase Price of Shares to be offered under the Plan at its sole discretion. The Purchase Price shall be payable in a form described in Section 7. 

SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 

(j)    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. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that the Board of
Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 

(k)    Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to
the Option and shall provide for the adjustment of such number in accordance with Section 9. The Stock Option Agreement shall also specify whether the Option is an ISO or an NSO. 

(l)    Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of
an Option shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant, and in the case of an ISO a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Exercise Price shall be
determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. This Subsection (c) shall not apply to an Option granted pursuant to an assumption of, or substitution for,
another option in a manner that complies with Code Section 424(a) (whether or not the Option is an ISO). 

(m)    Exercisability. Each Stock Option Agreement shall specify the date when all or any installment of the
Option is to become exercisable. No Option shall be exercisable unless the Optionee (i) has delivered an executed copy of the Stock Option Agreement to the Company or (ii) otherwise agrees to be bound by the terms of the Stock Option
Agreement. The Board of Directors shall determine the exercisability provisions of the Stock Option Agreement at its sole discretion. 

(n)    Basic Term. The Stock Option Agreement shall specify the term of the Option. The term shall not
exceed 10 years from the Date of Grant, and in the case of an ISO, a shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire.

 (o)    Termination of Service (Except by Death). If an Optionee’s Service terminates for any
reason other than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the following dates: 

(i)    The expiration date determined pursuant to Subsection (e) above; 

  
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 (ii)    The date three months after the termination of the
Optionee’s Service for any reason other than Disability, or such earlier or later date as the Board of Directors may determine (but in no event earlier than 30 days after the termination of the Optionee’s Service); or 

(i)    The date six months after the termination of the Optionee’s Service by reason of Disability, or
such later date as the Board of Directors may determine. 
 The Optionee may exercise all or part of the Optionee’s Options at any time before the
expiration of such Options under the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of the termination) and the underlying Shares
had vested before the Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that the Optionee dies after the termination of
the Optionee’s Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee’s estate or by any person who has
acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result of
the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). 

(p)    Leaves of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue
while the Optionee is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined
by the Company). 
 (q)    Death of Optionee. If an Optionee dies while the Optionee is in Service, then
the Optionee’s Options shall expire on the earlier of the following dates: 
 (a)    The expiration
date determined pursuant to Subsection (e) above; or 
 (ii)    The date 12 months after the
Optionee’s death, or such earlier or later date as the Board of Directors may determine (but in no event earlier than six months after the Optionee’s death). 

All or part of the Optionee’s Options may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or
administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the
Optionee’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s death (or vested as a result of the Optionee’s death). The balance of such Options shall lapse when the
Optionee dies. 

  
 4 

 (r)    Restrictions on Transfer of Options. An Option shall be
transferable by the Optionee only by (i) a beneficiary designation, (ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the applicable Stock Option Agreement so provides, an NSO shall
also be transferable by gift or domestic relations order to a Family Member of the Optionee. An ISO may be exercised during the lifetime of the Optionee only by the Optionee or by the Optionee’s guardian or legal representative. 

(s)    No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a
stockholder with respect to any Shares covered by the Optionee’s Option until such person files a notice of exercise, pays the Exercise Price and satisfies all applicable withholding taxes pursuant to the terms of such Option. 

(t)    Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of
Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options or a different type of Award for the same or a
different number of Shares and at the same or a different Exercise Price (if applicable). The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the
Optionee’s obligations under such Option. 
 (u)    Company’s Right to Cancel Certain Options.
Any other provision of the Plan or a Stock Option Agreement notwithstanding, the Company shall have the right at any time to cancel an Option that was not granted in compliance with Rule 701 under the Securities Act. Prior to canceling such Option,
the Company shall give the Optionee not less than 30 days’ notice in writing. If the Company elects to cancel such Option, it shall deliver to the Optionee consideration with an aggregate Fair Market Value equal to the excess of (i) the
Fair Market Value of the Shares subject to such Option as of the time of the cancellation over (ii) the Exercise Price of such Option. The consideration may be delivered in the form of cash or cash equivalents, in the form of Shares, or a
combination of both. If the consideration would be a negative amount, such Option may be cancelled without the delivery of any consideration. 
 SECTION
7. PAYMENT FOR SHARES. 
 (v)    General Rule. The entire Purchase Price or Exercise Price of
Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in this Section 7. In addition, the Board of Directors in its sole discretion may also permit
payment through any of the methods described in (b) through (g) below. 
 (w)    Services Rendered.
Shares may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 

(x)    Promissory Note. All or a portion of the Purchase Price or Exercise Price (as the case may be) of
Shares issued under the Plan may be paid with a full-recourse promissory note. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the
promissory note shall not be less than the minimum rate (if any) required to avoid the imputation of 

  
 5 

 
additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other
provisions of such note. 
 (y)    Surrender of Stock. All or any part of the Exercise Price may be paid
by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value as of the date when the Option
is exercised. 
 (z)    Exercise/Sale. If the Stock is publicly traded, all or part of the Exercise Price
and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company.

 (aa)    Net Exercise. An Option may permit exercise through a “net exercise” arrangement
pursuant to which the Company will reduce the number of Shares issued upon exercise by the largest whole number of Shares having an aggregate Fair Market Value (determined by the Board of Directors as of the exercise date) that does not exceed the
aggregate Exercise Price or the sum of the aggregate Exercise Price plus all or a portion of the minimum amount required to be withheld under applicable tax law (with the Company accepting from the Optionee payment of cash or cash equivalents to
satisfy any remaining balance of the aggregate Exercise Price and, if applicable, any additional withholding obligation not satisfied through such reduction in Shares); provided that to the extent Shares subject to an Option are withheld in
this manner, the number of Shares subject to the Option following the net exercise will be reduced by the sum of the number of Shares withheld and the number of Shares delivered to the Optionee as a result of the exercise. 

(bb)    Other Forms of Payment. To the extent that an Award Agreement so provides, the Purchase Price or
Exercise Price of Shares issued under the Plan may be paid in any other form permitted by the Delaware General Corporation Law, as amended. 
 SECTION 8.
TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS. 
 (a)    Restricted Stock Unit Agreement. Each grant
of Restricted Stock Units under the Plan shall be evidenced by a Restricted Stock Unit Agreement between the recipient and the Company. Such Restricted Stock Units shall be subject to all applicable terms and conditions of the Plan and may be
subject to any other terms and conditions that are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Restricted Stock Unit Agreement. The provisions of the various Restricted Stock Unit Agreements
entered into under the Plan need not be identical. 
 (b)    Payment for Restricted Stock Units. No cash
consideration shall be required of the recipient in connection with the grant of Restricted Stock Units. 

(cc)    Vesting Conditions. Restricted Stock Units may or may not be subject to vesting, as determined in
the discretion of the Board of Directors. Vesting may occur, in full or in installments, upon the satisfaction of the vesting conditions specified in the Restricted Stock 

  
 6 

 
Unit Agreement, which may include continued employment or other Service, achievement of performance goals and/or such other criteria as the Board of Directors may determine. A Restricted Stock
Unit Agreement may provide for accelerated vesting upon specified events. 
 (dd)    Forfeiture. Unless a
Restricted Stock Unit Agreement provides otherwise, upon termination of the Participant’s Service and upon such other times specified in the Restricted Stock Unit Agreement, any unvested Restricted Stock Units shall be forfeited to the Company.
For this purpose, Service will not cease if a Participant is on a bona fide leave of absence that was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by
applicable law (as determined by the Company). 
 (ee)    Voting and Dividend Rights. The holders of
Restricted Stock Units shall have no voting rights. Prior to settlement or forfeiture, any Restricted Stock Unit granted under the Plan may, at the discretion of the Board of Directors, carry with it a right to dividend equivalents. Such right
entitles the holder to be credited with an amount equal to all cash dividends paid on one Share while the Restricted Stock Unit is outstanding. Dividend equivalents may be converted into additional Restricted Stock Units. Settlement of dividend
equivalents may be made in the form of cash, in the form of Shares, or in a combination of both. Prior to distribution, any dividend equivalents that are not paid shall be subject to the same conditions and restrictions as the Restricted Stock Units
to which they attach. 
 (ff)    Form and Time of Settlement of Restricted Stock Units. Settlement of
vested Restricted Stock Units may be made in the form of (i) cash, (ii) Shares or (iii) any combination of both, as determined by the Board of Directors. The actual number of Restricted Stock Units eligible for settlement may be larger or
smaller than the number included in the original Award, based on predetermined performance factors. Vested Restricted Stock Units shall be settled in such manner and at such time(s) as specified in the Restricted Stock Unit Agreement. Until
Restricted Stock Units are settled, the number of such Restricted Stock Units shall be subject to adjustment pursuant to Section 9. 

(gg)    Death of Recipient. Any Restricted Stock Units that become distributable after the recipient’s
death shall be distributed to the recipient’s beneficiary or beneficiaries. Each recipient of Restricted Stock Units under the Plan shall 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 Participant’s death. If no beneficiary was designated or if no designated beneficiary survives the Participant, then any Restricted
Stock Units that become payable after the Participant’s death shall be distributed to his or her estate. 

(hh)    Creditors’ Rights. A holder of Restricted Stock Units shall have no rights other than those of
a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Restricted Stock Unit Agreement. 

  
 7 

 (ii)    Modification, Extension and Assumption of Restricted Stock
Units. Within the limitations of the Plan, the Board of Directors may modify, extend or assume outstanding Restricted Stock Units. The foregoing notwithstanding, no modification of a Restricted Stock Unit shall, without the consent of the
Participant, impair the Participant’s rights or increase the Participant’s obligations under such Restricted Stock Unit. 

(jj)    Restrictions on Transfer of Restricted Stock Units. A Restricted Stock Unit shall be transferable by the
Participant only by (i) a beneficiary designation, (ii) a will or (iii) the laws of descent and distribution or, if the Board of Directors so provides, in a Restricted Stock Unit Agreement or otherwise, a Restricted Stock Unit shall
also be transferable by gift or domestic relations order to a Family Member of the Participant. 
 SECTION 9. ADJUSTMENT OF SHARES. 

(kk)    General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable
in Shares, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a reclassification, or any other increase or decrease in the number of issued shares of Stock effected without receipt of consideration by the
Company, proportionate adjustments shall automatically be made in each of (i) the number and kind of Shares available for future grants under Section 4; (ii) the number and kind of Shares covered by each outstanding Option, Restricted
Stock Unit, and any outstanding and unexercised right to purchase Shares that has not yet expired pursuant to Section 5(b); (iii) the Exercise Price under each outstanding Option and the Purchase Price applicable to any unexercised stock
purchase right described in clause (ii) above; and (iv) any repurchase price that applies to Shares granted under the Plan pursuant to the terms of a Company repurchase right under the applicable Award Agreement. In the event of a
declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a recapitalization, a spin-off, or a similar
occurrence, the Board of Directors at its sole discretion may make appropriate adjustments in one or more of the items listed in clauses (i) through (iv) above. No fractional Shares shall be issued under the Plan as a result of an adjustment
under this Section 9(a), although the Board of Directors in its sole discretion may make a cash payment in lieu of fractional Shares. 

(ll)    Corporate Transactions. In the event that the Company is a party to a merger or consolidation, or in
the event of a sale of all or substantially all of the Company’s stock or assets, all 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 Board of Directors in its capacity as administrator of the Plan, with such determination
having final and binding effect on all parties), which agreement or determination need not treat all Awards (or all portions of an Award) in an identical manner. The treatment specified in the transaction agreement or as determined by the Board of
Directors may include (without limitation) one or more of the following with respect to each outstanding Award: 

(i)    Continuation of the Award by the Company (if the Company is the surviving corporation). 

  
 8 

 (iii)    Assumption of the Award by the surviving corporation
or its parent, provided that the assumption of Options shall be in a manner that complies with Code Section 424(a) (whether or not the Option is an ISO). 

(ii)    Substitution by the surviving corporation or its parent of equivalent awards for such outstanding
Awards (including but not limited to an award to acquire the same consideration paid to the holders of Shares in the transaction) provided that the substitution of Options shall be in a manner that complies with Code Section 424(a) (whether or
not the Option is an ISO). 
 (iii)    Cancellation of the Option and a payment to the Optionee with
respect to each Share subject to the portion of the Option that is vested as of the transaction date equal to the excess of (A) the value, as determined by the Board of Directors in its absolute discretion, of the property (including cash)
received by the holder of a share of Stock as a result of the transaction, over (B) the per-Share Exercise Price of the Option (such excess, the “Spread”). Such payment shall be made in
the form of cash, cash equivalents, or securities of the surviving corporation 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 Stock. If the Spread applicable to an Option is zero or a negative number, then the Option may be cancelled without
making a payment to the Optionee. 
 (iv)    Cancellation of the Restricted Stock Unit and a payment to
the Participant with respect to each Share subject to the portion of the Restricted Stock Unit that is vested as of the closing date of the transaction equal to the value, as determined by the Board of Directors in its absolute discretion, of the
property (including cash) received by the holder of a share of Stock as a result of the transaction (the “Transaction Value”). Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving
corporation or its parent having a value equal to the Transaction Value. 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 Stock. In the event that a Restricted Stock Unit is subject to Code Section 409A, the payment described in this Section 9(b)(v) shall be made on the settlement date
specified in the applicable Restricted Stock Unit Agreement, provided that settlement may be accelerated in accordance with Treasury Regulation 1.409A-3(j)(4). 

(v)    Cancellation of the Option without the payment of any consideration; provided that the Optionee
shall be notified of such treatment and given an opportunity to exercise the Option (to the extent the Option is vested or becomes vested as of the effective date of the transaction) during a period of not less than five (5) business days
preceding the effective date of the transaction, unless (A) a shorter period is required to permit a timely closing of the transaction and (B) such shorter period still offers the Optionee a reasonable opportunity to exercise the Option.
Any exercise of the Option during such period may be contingent upon the closing of the transaction. 

  
 9 

 (vii)    Suspension of the Optionee’s right to exercise
the Option during a limited period of time preceding the closing of the transaction if such suspension is administratively necessary to permit the closing of the transaction. 

(vi)    Termination of any right the Optionee has to exercise the Option prior to vesting in the Shares
subject to the Option (i.e., “early exercise”), such that following the closing of the transaction the Option may only be exercised to the extent it is vested. 

For the avoidance of doubt, the Board of Directors has discretion to accelerate, in whole or part, the vesting and exercisability of an Option or other Award
in connection with a corporate transaction covered by this Section 9(b). Any action taken under this Section 9(b) must either preserve a Restricted Stock Unit’s status as exempt from Code Section 409A or comply with Code
Section 409A. 
 (mm)    Reservation of Rights. Except as provided in this Section 9, a
Participant shall have no rights by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any
class. Any issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of
Shares subject to an Option. The grant of an Award pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge
or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 SECTION 10. MISCELLANEOUS PROVISIONS. 

(nn)    Securities Law Requirements. Shares shall not be issued under the Plan unless, in the opinion of
counsel acceptable to the Board of Directors, the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated
thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Company shall not be liable for a failure to issue Shares as a
result of such requirements. 
 (oo)    No Retention Rights. Nothing in the Plan or in any right or Option
granted under the Plan shall confer upon the Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or
retaining the Participant) or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 

  
 10 

 (pp)    Treatment as Compensation. Any compensation that an
individual earns or is deemed to earn under this Plan shall not be considered a part of his or her compensation for purposes of calculating contributions, accruals or benefits under any other plan or program that is maintained or funded by the
Company, a Parent or a Subsidiary. 
 (qq)    Governing Law. The Plan and all awards, sales and grants
under the Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 

(rr)    Conditions and Restrictions on Shares. 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 Board of Directors 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 Shares generally. In addition, Shares issued under the Plan shall be subject to 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. 

(ss)    Tax Matters. 

(vii)    As a condition to the award, grant, issuance, vesting, purchase, exercise or transfer of any
Award, or Shares issued pursuant to any Award, granted under this Plan, the Participant shall make such arrangements as the Board of Directors may require or permit for the satisfaction of any federal, state, local or foreign withholding tax
obligations that may arise in connection with such event. 
 (viii)    Unless otherwise expressly set
forth in an Award Agreement, it is intended that Awards granted under the Plan shall be exempt from Code Section 409A, and any ambiguity in the terms of an Award Agreement and the Plan shall be interpreted consistently with this intent. To the
extent an Award is not exempt from Code Section 409A (any such award, a “409A Award”), any ambiguity in the terms of such award and the Plan shall be interpreted in a manner that to the maximum extent permissible supports the
Award’s compliance with the requirements of that statute. Notwithstanding anything to the contrary permitted under the Plan, in no event shall a modification of an Award not already subject to Code Section 409A be given effect if such
modification would cause the Award to become subject to Code Section 409A unless the parties explicitly acknowledge and consent to the modification as one having that effect. A 409A Award shall be subject to such additional rules and
requirements as specified by the Board of Directors 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 

  
 11 

 
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 Section 409A(a)(1). In addition, if a
transaction subject to Section 9(b) constitutes a payment event with respect to any 409A Award, then 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. 
 (iii)
Neither the Company nor any member of the Board of Directors 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. 

SECTION 11. DURATION AND AMENDMENTS; STOCKHOLDER APPROVAL. 

(tt)    Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption
by the Board of Directors, subject to approval of the Company’s stockholders under Subsection (d) below. The Plan shall terminate automatically 10 years after the later of (i) the date when the Board of Directors adopted the Plan or
(ii) the date when the Board of Directors approved the most recent increase in the number of Shares reserved under Section 4 that was also approved by the Company’s stockholders. The Plan may be terminated on any earlier date pursuant
to Subsection (b) below. 
 (uu)    Right to Amend or Terminate the Plan. Subject to Subsection
(d) below, the Board of Directors may amend, suspend or terminate the Plan at any time and for any reason. 

(vv)    Effect of Amendment or Termination. No Shares shall be issued or sold and no Option granted under
the Plan after the termination thereof, except upon exercise of an Option (or any other right to purchase Shares) granted under the Plan prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share
previously issued or any Option previously granted under the Plan. 
 (ww)    Stockholder Approval. To the
extent required by applicable law, the Plan will be subject to approval of the Company’s stockholders within 12 months of its adoption date. To the extent required by applicable law, any amendment of the Plan will be subject to the approval of
the Company’s stockholders within 12 months of the amendment date if it (i) increases the number of Shares available for issuance under the Plan (except as provided in Section 9), or (ii) materially changes the class of persons
who are eligible for the grant of ISOs. In addition, an amendment effecting any other material change to the Plan terms will be subject to approval of the Company’s stockholder only if required by applicable law. Stockholder approval shall not
be required for any other amendment of the Plan. 
 SECTION 12. DEFINITIONS. 

(a)    “Award” means an award of granted under the Plan, including an Option, direct award or sale of
Shares, or Restricted Stock Units. 

  
 12 

 (b)    “Award Agreement” means a Stock Grant Agreement,
Stock Option Agreement, Stock Purchase Agreement, Restricted Stock Unit Agreement, or such other agreement evidencing an Award under the Plan. 

(v)    “Board of Directors” means the Board of Directors of the Company, as constituted from time
to time. 
 (w)    “Code” means the Internal Revenue Code of 1986, as amended. 

(x)    “Committee” means a committee of the Board of Directors, as described in Section 2(a).

 (y)    “Company” means Decolar.com, Inc., a Delaware corporation. 

(z)    “Consultant” means a person, excluding Employees and Outside Directors, who performs bona
fide services for the Company, a Parent3 or a Subsidiary as a consultant or advisor and who qualifies as a consultant or advisor under Rule 701(c)(1) of the Securities Act or under Instruction
A.1.(a)(1) of Form S-8 under the Securities Act. 
 (aa)    “Date
of Grant” means the date of grant specified in the applicable Stock Option Agreement, which date shall be the later of (i) the date on which the Board of Directors resolved to grant the Option or (ii) the first day of the
Optionee’s Service. 
 (bb)    “Disability” means that the Optionee is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment. 

(cc)    “Employee” means any individual who is a
common-law employee of the Company, a Parent4 or a Subsidiary. 

(dd)    “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(ee)    “Exercise Price” means the amount for which one Share may be purchased upon exercise of an
Option, as specified by the Board of Directors in the applicable Stock Option Agreement. 
 (ff)    “Fair
Market Value” means the fair market value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. 

(gg)    “Family Member” means (i) any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, (ii) any person sharing the Participant’s household
(other than a tenant or 
  

	3 	Note that special considerations apply if the Company proposes to grant awards to consultant or advisor of a Parent company. 

	4 	 Note that special considerations apply if the Company proposes to grant awards to an Employee of a Parent
company. 

  
 13 

 
employee), (iii) a trust in which persons described in Clause (i) or (ii) have more than 50% of the beneficial interest, (iv) a foundation in which persons described in Clause
(i) or (ii) or the Participant control the management of assets and (v) any other entity in which persons described in Clause (i) or (ii) or the Participant own more than 50% of the voting interests. 

(o)    “Grantee” means a person to whom the Board of Directors has awarded Shares under the Plan. 

(w)    “ISO” means an Option that qualifies as an incentive stock option as described in Code
Section 422(b). Notwithstanding its designation as an ISO, an Option that does not qualify as an ISO under applicable law shall be treated for all purposes as an NSO. 

(x)    “NSO” means an Option that does not qualify as an incentive stock option as described in
Code Section 422(b) or 423(b). 
 (y)    “Option” means an ISO or NSO granted under
the Plan and entitling the holder to purchase Shares. 
 (z)    “Optionee” means a person who
holds an Option. 
 (aa)    “Outside Director” means a member of the Board of Directors who is
not an Employee. 
 (bb)    “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. 

(cc)    “Participant” means an individual Employee, Outside Director or Consultant who holes an
Award, however, if the context requires, an estate or other permissible transferee holding an Award may also be deemed a Participant. 

(dd)    “Plan” means this Decolar.com, Inc. 2015 Stock Plan. 

(ee)    “Purchase Price” means the consideration for which one Share may be acquired under the
Plan (other than upon exercise of an Option), as specified by the Board of Directors. 

(ff)    “Purchaser” means a person to whom the Board of Directors has offered the right to
purchase Shares under the Plan (other than upon exercise of an Option or settlement of a Restricted Stock Unit). 

(gg)    “Restricted Stock Units” means a bookkeeping entry representing the equivalent of one
Share, as awarded under the Plan. 

  
 14 

 (aa) “Restricted Stock Unit Agreement” means the agreement between the Company
and a Participant that contains the terms, conditions and restrictions pertaining to the Participant’s Restricted Stock Units. 
 (bb)
“Securities Act” means the Securities Act of 1933, as amended. 
 (cc) “Service” means service as an
Employee, Outside Director or Consultant. 
 (dd) “Share” means one share of Stock, as adjusted in accordance with
Section 9 (if applicable). 
 (ee) “Stock” means the Common Stock of the Company. 

(ff) “Stock Grant Agreement” means the agreement between the Company and a Grantee who is awarded Shares under the Plan that
contains the terms, conditions and restrictions pertaining to the award of such Shares. 
 (gg) “Stock Option Agreement”
means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option. 

(hh) “Stock Purchase Agreement” means the agreement between the Company and a Purchaser who purchases Shares under the Plan
that contains the terms, conditions and restrictions pertaining to the purchase of such Shares. 

(ii)    “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. 

  
 15 

 EXHIBIT A 

SCHEDULE OF SHARES RESERVED FOR ISSUANCE
UNDER THE PLAN 
  

							
	 Date of Board

Approval
	 	 Date of Stockholder

Approval
	 	 Number of

Shares Added
	 	 Cumulative Number

of Shares

	 March     , 2015
	 		 	Not Applicable	 	90,626

  
 E-1EX-10.4

 Exhibit 10.4 

DESPEGAR.COM, CORP. 

AMENDED AND RESTATED 

2016 STOCK INCENTIVE PLAN 

ADOPTED ON AUGUST 10, 2017 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 SECTION 1. ESTABLISHMENT AND PURPOSE.
	  	 	1	 
		
	 SECTION 2. ADMINISTRATION.
	  	 	1	 
	 (a)    Committees of the Board of Directors
	  	 	1	 
	 (b)    Authority of the Board of Directors
	  	 	1	 
		
	 SECTION 3. ELIGIBILITY.
	  	 	1	 
	 (a)    General Rule
	  	 	1	 
	 (b)    Ten-Percent
Stockholders
	  	 	1	 
		
	 SECTION 4. STOCK SUBJECT TO PLAN.
	  	 	2	 
	 (a)    Basic Limitation
	  	 	2	 
	 (b)    Additional Shares
	  	 	2	 
		
	 SECTION 5. TERMS AND CONDITIONS OF OPTIONS.
	  	 	2	 
	 (a)    Award Agreement
	  	 	2	 
	 (b)    Number of Shares
	  	 	2	 
	 (c)    Exercise Price
	  	 	2	 
	 (d)    Exercisability
	  	 	3	 
	 (e)    Basic Term
	  	 	3	 
	 (f)     Termination of Service (Except by Death)
	  	 	3	 
	 (g)    Leaves of Absence
	  	 	4	 
	 (h)    Death of Participant
	  	 	4	 
	 (i)     Restrictions on Transfer of Options
	  	 	4	 
	 (j)     No Rights as a Stockholder
	  	 	4	 
	 (k)    Modification, Extension and Assumption of Options
	  	 	5	 
	 (l)     Company’s Right to Cancel Certain Options
	  	 	5	 
		
	 SECTION 6. OTHER STOCK-BASED AWARDS.
	  	 	5	 
		
	 SECTION 7. PAYMENT FOR SHARES.
	  	 	6	 
	 (a)    General Rule
	  	 	6	 
	 (b)    Promissory Note
	  	 	6	 
	 (c)    Surrender of Stock
	  	 	6	 
	 (d)    Exercise/Sale
	  	 	6	 
	 (e)    Net Exercise
	  	 	6	 
	 (f)     Other Forms of Payment
	  	 	7	 
		
	 SECTION 8. ADJUSTMENT OF SHARES.
	  	 	7	 
	 (a)    General
	  	 	7	 
	 (b)    Corporate Transactions
	  	 	7	 
	 (c)    Reservation of Rights
	  	 	8	 

  
 i 

					
	 SECTION 9. MISCELLANEOUS PROVISIONS.
	  	 	9	 
	 (a)    Securities Law Requirements
	  	 	9	 
	 (b)    No Retention Rights
	  	 	9	 
	 (c)    Treatment as Compensation
	  	 	9	 
	 (d)    Governing Law
	  	 	9	 
	 (e)    Conditions and Restrictions on Shares
	  	 	9	 
	 (f)     Tax Matters
	  	 	10	 
		
	 SECTION 10. DURATION AND AMENDMENTS; STOCKHOLDER APPROVAL.
	  	 	10	 
	 (a)    Term of the Plan
	  	 	10	 
	 (b)    Right to Amend or Terminate the Plan
	  	 	11	 
	 (c)    Effect of Amendment or Termination
	  	 	11	 
	 (d)    Stockholder Approval
	  	 	11	 
		
	 SECTION 11. DEFINITIONS.
	  	 	11	 

  
 ii 

 DESPEGAR.COM, CORP. AMENDED
AND RESTATED 
 2016 STOCK INCENTIVE PLAN 

SECTION 1. ESTABLISHMENT AND PURPOSE. 

The purpose of this Plan is to offer persons selected by the Company an opportunity to acquire a proprietary interest in the success of the
Company, or to increase such interest, by acquiring Shares of the Company’s Stock. The Plan provides for the grant of Awards. Options granted under the Plan may be ISOs intended to qualify under Code Section 422 or NSOs which are not
intended to so qualify. 
 Capitalized terms are defined in Section 11. 

SECTION 2. ADMINISTRATION. 
 (a)
Committees of the Board of Directors. The Plan may be administered by one Committee. The Committee shall consist, as required by applicable law, of one or more members of the Board of Directors who have been appointed by the Board of
Directors. The Committee shall have such authority and be responsible for such functions as the Board of Directors has assigned to it, subject to compliance with applicable law and the Company’s M&As. If the Committee has not been
appointed, the Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 

(b) Authority of the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and
discretion to take any actions it deems necessary or advisable for the administration of the Plan. Notwithstanding anything to the contrary in the Plan, with respect to the terms and conditions of Awards granted to Participants outside the United
States, the Board of Directors may vary from the provisions of the Plan to the extent it determines it necessary and appropriate to do so; provided that it may not vary from those Plan terms requiring stockholder approval pursuant to
Section 10(d) below to the extent required by applicable law. All decisions, interpretations and other actions of the Board of Directors shall be final and binding on all Participants and all persons deriving their rights from a Participant.

 SECTION 3. ELIGIBILITY. 
 (a)
General Rule. Only Employees, Outside Directors and Consultants shall be eligible for the grant of Awards. Only Employees shall be eligible for the grant of ISOs. 

(b) Ten-Percent Stockholders. A person who owns more than 10% of the total combined voting
power of all classes of outstanding stock of the Company, or any of its Subsidiaries shall not be eligible for the grant of an ISO unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the Date of Grant

  
 1 

 
and (ii) such ISO by its terms is not exercisable after the expiration of five years from the Date of Grant. For purposes of this Subsection (b), in determining stock ownership, the
attribution rules of Code Section 424(d) shall be applied. 
 SECTION 4. STOCK SUBJECT TO PLAN. 

(a) Basic Limitation. Not more than 4,861,777 Shares may be issued under the Plan, subject to Subsection (b) below and
Section 8(a).1 Up to 4,861,777 Shares may be issued upon the exercise of ISOs. The number of Shares that are subject to Awards under the Plan may not exceed the number of Shares that then
remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but
unissued Shares or treasury Shares. 
 (b) Additional Shares. In the event that Shares previously issued under the Plan are redeemed
by, surrendered to or otherwise reacquired by the Company, such Shares shall be added to the number of Shares then available for issuance under the Plan. In the event that an outstanding Award
expires for any reason or is cancelled before being exercised or settled in full, the unexercised or unsettled Shares subject to such Award shall be added to the number of Shares then available for issuance under the Plan. In the event that Shares
that otherwise would have been issuable under the Plan are withheld by the Company in payment of the Exercise Price or withholding taxes, such Shares shall remain available for issuance under the Plan. 

SECTION 5. TERMS AND CONDITIONS OF OPTIONS. 

(a) Award Agreement. Each grant of an Option under the Plan shall be evidenced by an Award Agreement between the Participant and the
Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that the Board of Directors deems appropriate from time to time
for inclusion in an Award Agreement. The provisions of the various Award Agreements entered into under the Plan need not be identical. 

(b) Number of Shares. Each Award Agreement shall specify the number of Shares that are subject to the Option and shall provide for the
adjustment of such number in accordance with Section 8. The Award Agreement shall also specify whether the Option is an ISO or an NSO. 

(c) Exercise Price. Each Award Agreement shall specify the Exercise Price. The Exercise Price of an Option shall not be less than 100%
of the Fair Market Value of a Share on the Date of Grant, and in the case of an ISO a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Exercise Price shall be determined by the Board of Directors at its
sole discretion. The Exercise Price 
  

	1 	 Please refer to Exhibit A for a schedule of the initial share reserve and any subsequent increases in the
reserve. 

  
 2 

 
shall be payable in a form described in Section 7. This Subsection (c) shall not apply to an Option granted pursuant to an assumption of, or substitution for, another option in a manner
that complies with Code Section 424(a) (whether or not the Option is an ISO). 
 (d) Exercisability. Each Award Agreement shall
specify the date when all or any installment of the Option is to become exercisable. No Option shall be exercisable unless the Participant (i) has delivered an executed copy of the Award Agreement to the Company or (ii) otherwise agrees to
be bound by the terms of the Award Agreement. The Board of Directors shall determine the exercisability provisions of the Award Agreement at its sole discretion. 

(e) Basic Term. The Award Agreement shall specify the term of the Option. The term shall not exceed 10 years from the Date of Grant,
and in the case of an ISO, a shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 

(f) Termination of Service (Except by Death). If a Participant’s Service terminates, other than due to the Participant’s
death, then the Participant’s Options shall expire on the earliest of the following dates: 
 (i) The expiration date determined
pursuant to Subsection (e) above; 
 (ii) In case of termination without Cause by the Company, other than due to Disability, the date
three (3) months after the termination of the Participant’s Service or such earlier or later date as the Board of Directors may determine; 

(iii) In case of termination for Cause by the Company or voluntary resignation by the Participant, the date that is twenty (20) calendar
days after the termination of the Participant ́s Service or such earlier or later date as the Board of Directors may determine; or 

(iv) The date six (6) months after the termination of the Participant’s Service by reason of Disability (if permitted by applicable
law), or such later date as the Board of Directors may determine. 
 The Participant may exercise all or part of the Participant’s Options at any time
before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become exercisable before the Participant’s Service terminated (or became exercisable as a result of the termination) and the
underlying Shares had vested before the Participant’s Service terminated (or vested as a result of the termination). The balance of such Options which are not vested and exercisable shall lapse when the Participant’s Service terminates. In
the event that the Participant dies after the termination of the Participant’s Service but before the expiration of the Participant’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or
administrators of the Participant’s estate or by any person who has acquired such Options directly from the Participant by beneficiary designation, bequest 

  
 3 

 
or inheritance, but only to the extent that such Options had become exercisable before the Participant’s Service terminated (or became exercisable as a result of the termination) and the
underlying Shares had vested before the Participant’s Service terminated (or vested as a result of the termination). 
 (g) Leaves
of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while the Participant is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for
this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 
 (h) Death of
Participant. If a Participant dies while the Participant is in Service, then the Participant’s Options shall expire on the earlier of the following dates: 

(i) The expiration date determined pursuant to Subsection (e) above; or 

(ii) The date 12 months after the Participant’s death, or such earlier or later date as the Board of Directors may determine (but in no
event earlier than six months after the Participant’s death). 
 All or part of the Participant’s Options may be exercised at any time before the
expiration of such Options under the preceding sentence by the executors or administrators of the Participant’s estate or by any person who has acquired such Options directly from the Participant by beneficiary designation, bequest or
inheritance, but only to the extent that such Options had become exercisable before the Participant’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Participant’s death (or vested as
a result of the Participant’s death). The balance of such Options which are not vested and exercisable shall lapse when the Participant dies. 

(i) Restrictions on Transfer of Options. An Option shall be transferable by the Participant only by (i) a beneficiary designation,
will or intestate succession or (ii) a transfer to one or more members of the Participant ́s Family Member or to a trust established by the Participant for the benefit of the Participant and/or one or of the Participant ́s Family
Members, provided in either case that the Transferee(s) agrees in writing on a form prescribed by the Company to be bound by all provisions of the Plan and the applicable Award Agreement. An ISO may be exercised during the lifetime of the
Participant only by the Participant or by the Participant’s guardian or legal representative. 
 (j) No Rights as a Stockholder.
A Participant, or a transferee of a Participant, shall have no rights as a stockholder with respect to any Shares covered by the Participant’s Option until such person files a notice of exercise, pays the Exercise Price and satisfies all
applicable withholding taxes pursuant to the terms of such Option. 

  
 4 

 (k) Modification, Extension and Assumption of Options. Within the limitations of the Plan,
the Board of Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or 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 (if applicable). The foregoing notwithstanding, no modification of an Option shall, without the consent of the Participant, impair the Participant’s rights or increase the
Participant’s obligations under such Option. 
 (l) Company’s Right to Cancel Certain Options. Any
other provision of the Plan or an Award Agreement notwithstanding, the Company shall have the right at any time to cancel an Option that was not granted in compliance with Rule 701 under the Securities Act. Prior to cancelling such Option, the
Company shall give the Participant not less than 30 days’ notice in writing. If the Company elects to cancel such Option, it shall deliver to the Participant consideration with an aggregate Fair Market Value equal to the excess of (i) the
Fair Market Value of the Shares subject to such Option as of the time of the cancellation over (ii) the Exercise Price of such Option. The consideration may be delivered in the form of cash or cash equivalents, in the form of Shares, or a
combination of both. If the consideration would be a negative amount, such Option may be cancelled without the delivery of any consideration. 
 SECTION
6. OTHER STOCK-BASED AWARDS 
 The Committee, in its sole discretion, may grant Awards of Shares, Awards of restricted Shares, Awards of
restricted stock units and other Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (“Other Share-Based Awards”). Such Other Share-Based Awards shall be in such
form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of Service, the
occurrence of an event and/or the attainment of performance objectives. Other Share-Based Awards may be granted alone or in addition to any other Awards granted under the Plan and also may be granted as matching Awards in connection with a
Participant’s purchase of Shares under the Plan or under any other plan maintained by the Company, or pursuant to open market purchases. Subject to the provisions of the Plan, the Committee shall determine: (i) to whom and when Other
Share-Based Awards will be made (subject to the eligibility requirements set forth under Section 3 hereof); (ii) the number of Shares to be awarded under (or otherwise related to) such Other Share-Based Awards; (iii) whether such Other
Share-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and (iv) all other terms and conditions of such Other Share-Based Awards (including, without limitation, the vesting provisions thereof, any required
payments to be received from Participants and other provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 

  
 5 

 SECTION 7. PAYMENT FOR SHARES. 

(a) General Rule. The entire Exercise Price of Shares issued under the Plan in respect of Options shall be payable in cash or cash
equivalents at the time when such Shares are purchased, except as otherwise provided in this Section 7. In addition, the Board of Directors in its sole discretion may also permit payment in the case of Option exercises through any of the
methods described in (b) through (f) below. 
 (b) Promissory Note. All or a portion of the Exercise Price (as the case may be)
of Shares issued under the Plan may be paid with a full-recourse promissory note. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of
the promissory note shall not be less than the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest
rate, amortization requirements (if any) and other provisions of such note, as well as the terms and conditions of such related pledge of the Shares. 

(c) Surrender of Stock. All or any part of the Exercise Price may be paid by surrendering, or (to the extent permitted by the Board of
Directors) attesting to the ownership of, Shares that are already owned by the Participant. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value as of the date when the Option is
exercised. Such surrender shall be in writing and signed by the person holding the Share or Shares. 
 (d) Exercise/Sale. If the
Stock is publicly traded, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to
deliver all or part of the sales proceeds to the Company. 
 (e) Net Exercise. An Option may permit exercise through a “net
exercise” arrangement pursuant to which the Company will reduce the number of Shares issued upon exercise by the largest whole number of Shares having an aggregate Fair Market Value (determined by the Board of Directors as of the exercise date)
that does not exceed the aggregate Exercise Price or the sum of the aggregate Exercise Price plus all or a portion of the minimum amount required to be withheld under applicable tax law (with the Company accepting from the Participant payment of
cash or cash equivalents to satisfy any remaining balance of the aggregate Exercise Price and, if applicable, any additional withholding obligation not satisfied through such reduction in Shares); provided that to the extent Shares subject to
an Option are withheld in this manner, the number of Shares subject to the Option following the net exercise will be reduced by the sum of the number of Shares withheld and the number of Shares delivered to the Participant as a result of the
exercise. 

  
 6 

 (f) Other Forms of Payment. To the extent that an Award Agreement so provides, the
Exercise Price of Shares issued under the Plan may be paid in any other form permitted by applicable law. 
 SECTION 8. ADJUSTMENT OF SHARES. 

(a) General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a combination or
consolidation of the outstanding Stock into a lesser number of Shares, a reclassification, or any other increase or decrease in the number of issued shares of Stock effected without receipt of consideration by the Company, proportionate adjustments
shall automatically be made in each of (i) the number and kind of Shares available for future grants under Section 4; (ii) the number and kind of Shares or other securities or property covered by each outstanding Award; (iii) the
Exercise Price under each outstanding Option; (iv) any redemption or other repurchase price that applies to Shares granted under the Plan pursuant to the terms of a Company redemption or other repurchase right under the applicable Award
Agreement; and/or (v) any other affected terms of any Award. In the event of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a
recapitalization, a spin-off, or a similar occurrence, the Board of Directors shall make appropriate adjustments in one or more of the items listed in clauses (i) through (v) above. The manner of any
adjustments made pursuant to this Section 8(a) shall be determined by the Board of Directors in its sole discretion. No fractional Shares shall be issued under the Plan as a result of an adjustment under this Section 8(a) (and any
fractions that would otherwise arise shall be rounded down or up to the nearest whole number of Shares), although the Board of Directors in its sole discretion may make a cash payment in lieu of fractional Shares. 

(b) Corporate Transactions. In the event that the Company is a party to a merger or consolidation, or in the event of a sale of all or
substantially all of the Company’s stock or assets, all 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 (which
shall include for this purpose any plan of merger or consolidation or arrangement, and any scheme documents in respect of a scheme of arrangement, binding upon the Company or, in the event the transaction does not entail a definitive agreement to
which the Company is party or otherwise bound, in the manner determined by the Board of Directors in its capacity as administrator of the Plan, with such determination having final and binding effect on all parties), which agreement or determination
need not treat all Awards (or all portions of an Award) in an identical manner. The treatment specified in the transaction agreement or as determined by the Board of Directors may include one or more of the following alternatives with respect to
each outstanding Option: 
 (i) Continuation of the Award by the Company (if the Company is the surviving corporation). 

  
 7 

 (ii) Assumption of the Award by the surviving corporation or its parent. 

(iii) Substitution by the surviving corporation or its parent of equivalent options for such outstanding Award (including but not limited to
an option to acquire the same consideration paid to the holders of Shares in the transaction). 
 (iv) Cancellation of the Award and a
payment to the Participant with respect to each Share subject to the portion of the Award that is vested as of the transaction date equal, in the case of Options, to the excess of (A) the value, as determined by the Board of Directors in its
absolute discretion, of the property (including cash) received by the holder of a share of Stock as a result of the transaction, over (B) the per-Share Exercise Price of the Option (such excess, the
“Spread”). Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving corporation 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 Stock. If the Spread applicable to an Option
is zero or a negative number, then the Option may be cancelled without making a payment to the Participant. 
 (v) Cancellation of the
Award without the payment of any consideration; provided that the Participant shall be notified of such treatment and given an opportunity to exercise the Option (to the extent the Option is vested or becomes vested as of the effective date of the
transaction) during a period of not less than five (5) business days preceding the effective date of the transaction, unless (A) a shorter period is required to permit a timely closing of the transaction and (B) such shorter period
still offers the Participant a reasonable opportunity to exercise the Option. Any exercise of the Option during such period may be contingent upon the closing of the transaction. 

(vi) Suspension of the Participant’s right to exercise the Option during a limited period of time preceding the closing of the
transaction if such suspension is administratively necessary to permit the closing of the transaction. 
 (vii) Termination of any right
the Participant has to exercise the Option prior to vesting in the Shares subject to the Option (i.e., “early exercise”), such that following the closing of the transaction the Option may only be exercised to the extent it is
vested. 
 For the avoidance of doubt, the Board of Directors has discretion to accelerate, in whole or part, the vesting and exercisability, as applicable,
of an Award in connection with a corporate transaction covered by this Section 8(b). 
 (c) Reservation of Rights. Except as
provided in this Section 8, a Participant shall have no rights by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend, (iii) the authorization or issuance at any time
of any additional class or classes of stock, or (iv) any other 

  
 8 

 
increase or decrease in the number of shares of stock of any class. Except as set forth under Section 8(a), any issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price, as applicable, of Shares subject to an Award. The grant of an Award pursuant to the
Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or
any part of its business or assets. 
 SECTION 9. MISCELLANEOUS PROVISIONS. 

(a) Securities Law Requirements. Shares shall not be issued under the Plan unless, in the opinion of counsel acceptable to the Board of
Directors, the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and
regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Company shall not be liable for a failure to issue Shares as a result of such requirements. 

(b) No Retention Rights. Nothing in the Plan or in any right or Award granted under the Plan shall confer upon the Participant any
right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Subsidiary employing or retaining the Participant) or of the Participant, which rights are hereby
expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 
 (c) Treatment as
Compensation. Any benefit that is given or deemed to be given to an individual under this Plan shall not be considered a part of his or her compensation for purposes of calculating contributions, accruals or benefits under any other plan or
program that is maintained or funded by the Company or a Subsidiary. 
 (d) Governing Law. The Plan and all options, sales and grants
under the Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State. 

(e) Conditions and Restrictions on Shares. Shares issued under the Plan shall be subject to such forfeiture conditions, rights of
redemption or other repurchase, rights of first refusal, other transfer restrictions and such other terms and conditions as the Board of Directors 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 Shares generally. In addition, Shares issued under the Plan shall be subject to 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. 

  
 9 

 (f) Tax Matters. 

(i) As a condition to the grant, issuance, vesting, purchase, exercise or transfer of any Award, or Shares issued pursuant to any Award,
granted under this Plan, the Participant shall make such arrangements as the Board of Directors may require or permit for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such
event. 
 (ii) Unless otherwise expressly set forth in an Award Agreement, it is intended that Awards granted under the Plan shall be
exempt from Code Section 409A, and any ambiguity in the terms of an Award Agreement and the Plan shall be interpreted consistently with this intent. To the extent an Award is not exempt from Code Section 409A (any such award, a
“409A Award”), any ambiguity in the terms of such Award and the Plan shall be interpreted in a manner that to the maximum extent permissible supports the Award’s compliance with the requirements of that statute. Notwithstanding
anything to the contrary permitted under the Plan, in no event shall a modification of an Award not already subject to Code Section 409A be given effect if such modification would cause the Award to become subject to Code Section 409A
unless the parties explicitly acknowledge and consent to the modification as one having that effect. A 409A Award shall be subject to such additional rules and requirements as specified by the Board of Directors 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 Section 409A(a)(1). In addition, if a transaction subject to Section 8(b) constitutes a payment event with respect to any 409A Award, then 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.

 (iii) Neither the Company nor any member of the Board of Directors 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. 
 SECTION 10. DURATION AND AMENDMENTS; STOCKHOLDER APPROVAL.

 (a) Term of the Plan. The Plan, as set forth herein as amended and restated as of August 10, 2017, shall become effective
on the date of its adoption by the Board of Directors, subject to approval of the Company’s stockholders under Subsection (d) below. The Plan shall terminate automatically 10 years after the later of (i) the date when the Board of
Directors adopted the Plan or (ii) the date when the 

  
 10 

 
Board of Directors approved the most recent increase in the number of Shares that may be issued under the Plan; provided, however, that the ability to grant ISOs under the Plan shall terminate
upon the 10th anniversary of the date upon which the maximum number of Shares reserved for potential grant of ISOs under Section 4(a) was approved by the Company’s stockholders. The Plan
may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. Subject to
Subsection (d) below, the Board of Directors may amend, suspend or terminate the Plan at any time and for any reason. 
 (c) Effect
of Amendment or Termination. No Award shall be granted under the Plan after the termination thereof. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Award previously granted under the
Plan. 
 (d) Stockholder Approval. To the extent required by applicable law, the Plan will be subject to approval of the
Company’s stockholders. Stockholder approval shall not be required for any other amendment of the Plan. 
 SECTION 11. DEFINITIONS. 

(a) “Award” means an Option or Other Share-Based Award granted pursuant to the Plan. 

(b) “Award Agreement” means the agreement between the Company (or its predecessor, Decolar.com, Inc.) and a Participant that
contains the terms, conditions and restrictions pertaining to the Participant’s Award. 
 (c) “Board of Directors”
means the Board of Directors of the Company, as constituted from time to time. 
 (d) “Cause” means (i) the conviction of a
crime involving fraud, theft, dishonesty or moral turpitude by the Participant; (ii) the Participant’s willful and continuing disregard of lawful instructions of the Board of Directors or the Participant’s superiors (if any) or the
Participant’s willful misconduct in carrying out his or her position and duties; (iii) the continued use of alcohol or drugs by the Participant, to an extent that in the good faith determination of the Board of Directors, such use interferes in
any manner with the performance of the Participant’s duties and responsibilities; (iv) the conviction of the Participant for violating any law constituting a felony in the Participant’s state or country of residence (including the Foreign
Corrupt Practices Act of 1977) or the foreign equivalent thereof; provided, however, that if the Award Agreement evidencing the Award includes a definition of Cause, the definition in the Award Agreement shall govern; or (v) cause for termination of
employment under applicable law. 
 (e) “Code” means the Internal Revenue Code of 1986, as amended. 

  
 11 

 (f) “Committee” means a committee of the Board of Directors, as described in
Section 2(a). 
 (g) “Company” means Despegar.com, Corp. a British Virgin Islands business company (as successor to
Decolar.com, Inc., a Delaware corporation, for the purposes of this Plan and each Award Agreement). 
 (h) “Consultant”
means a person, excluding Employees and Outside Directors, who performs bona fide services for the Company or a Subsidiary as a consultant or advisor and who qualifies as a consultant or advisor under Rule 701(c)(1) of the Securities Act or under
Instruction A.1.(a)(1) of Form S-8 under the Securities Act. 
 (i) “Date of Grant” means the date of grant specified in
the applicable Award Agreement, which date shall be the later of (i) the date on which the Board of Directors resolved to grant the Award or (ii) the first day of the Participant’s Service. 

(j) “Disability” means that the Participant is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment. 
 (k) “Employee” means any individual who is an employee, executive
director or officer of the Company or a Subsidiary. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 (m) “Exercise Price” means the amount for which one Share may be purchased upon exercise of an Option, as
specified by the Board of Directors in the applicable Award Agreement. 
 (n) “Fair Market Value” means the fair market
value of a Share, as determined by the Board of Directors in good faith. Such determination shall be conclusive and binding on all persons. Notwithstanding the foregoing, if there should be a public market for the Shares on a relevant determination
date, the Fair Market Value of a Share shall equal the closing price of a Share as reported on such date on the principal national securities exchange on which such Shares are listed or admitted to trading, or, if no sale of Shares shall have been
reported on the national securities exchange on such date, then the immediately preceding date on which sales of the Shares have been so reported shall be used. 

(o) “Family Member” means (i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in- law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, (ii) any person sharing the Participant’s household (other than a tenant or employee), (iii)
a trust in which persons described in Clause (i) or (ii) and/or the Participant 

  
 12 

 
collectively have more than 50% of the beneficial interest, (iv) a foundation in which persons described in Clause (i) or (ii) and/or the Participant collectively control the management of assets
and (v) any other entity in which persons described in Clause (i) or (ii) and/or the Participant collectively own more than 50% of the voting interests. 

(p) “ISO” means an Option that is intended to qualify as an incentive stock option as described in Code Section 422(b).
Notwithstanding its designation as an ISO, an Option that does not qualify as an ISO under applicable law shall be treated for all purposes as an NSO. 

(q) “M&As” means the Company’s memorandum and articles of association, as originally registered or as from time to
time amended or restated. 
 (r) “NSO” means an Option that does not qualify as an incentive stock option as described in
Code Section 422(b) or 423(b). 
 (s) “Option” means an ISO or NSO granted under the Plan and entitling the holder to
purchase Shares. 
 (t) “Outside Director” means a member of the Board of Directors who is not an Employee. 

(u) “Participant” means a person who holds an Award; however, if the context requires, an estate or other permissible
transferee holding an Award may also be deemed a Participant. 
 (v) “Plan” means this Despegar.com, Corp. Amended and
Restated 2016 Stock Incentive Plan (which, prior to the amendment and restatement thereof, had been named the Decolar.com, Inc. 2016 Stock Option Plan). 

(w) “Securities Act” means the Securities Act of 1933, as amended. 

(x) “Service” means service as an Employee, Outside Director or Consultant. 

(y) “Share” means one share of Stock, as adjusted in accordance with Section 8 (if applicable). 

(z) “Stock” means the ordinary shares of the Company. 

(aa) “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. 

  
 13 

 EXHIBIT A 

SCHEDULE OF SHARES RESERVED FOR ISSUANCE UNDER THE PLAN 
  

							
	 Date of Board

Approval
	 	 Date of

Stockholder

Approval
	 	 Incremental

Number of

Shares Approved
	 	 Cumulative

Number of

Shares Approved

	 November 16, 2016
	 	November 16, 2016	 	4,000,000	 	4,000,000
	 August 10, 2017
	 	August 10, 2017	 	861,777	 	4,861,777

  
 1

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