Document:

EX-4.2

 Exhibit 4.2 

CROSSINSTALL, INC. 

2014 EQUITY INCENTIVE PLAN 

1. Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel, to provide additional
incentive to Employees, Directors and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time
of grant. Stock Purchase Rights may also be granted under the Plan. 
 2. Definitions. As used herein, the following definitions
shall apply: 
 (a) “Administrator” means the Board or any of its Committees as shall be administering the Plan in
accordance with Section 4 hereof. 
 (b) “Applicable Laws” means the requirements relating to the administration of
equity compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any other country or
jurisdiction where Options or Stock Purchase Rights are granted under the Plan. 
 (c) “Board” means the Board of Directors
of the Company. 
 (d) “Change in Control” means the occurrence of any of the following events: 

(i) The consummation of the sale or disposition by the shareholders of all or substantially all of the Company’s shares to a
“person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) who was not immediately prior to such sale a beneficial owner of 50% or more of securities of the Company representing fifty percent (50%) or more of the total
voting power represented by the Company’s then outstanding voting securities; or 
 (ii) The consummation of the sale or disposition
by the Company of all or substantially all of the Company’s assets; or 
 (iii) The consummation of a merger or consolidation of the
Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity or its parent) at least 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. 
 (e) “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code
herein will be a reference to any successor or amended section of the Code. 
 (f) “Committee” means a committee of
Directors or of other individuals satisfying Applicable Laws appointed by the Board in accordance with Section 4 hereof. 

 (g) “Common Stock” means the Common Stock of the Company. 

(h) “Company” means CrossInstall, Inc., a Delaware corporation. 

(i) “Consultant” means any person who is engaged by the Company or any Parent or Subsidiary to render consulting or advisory
services to such entity. 
 (j) “Director” means a member of the Board. 

(k) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 

(l) “Employee” means any person, including officers and Directors, employed by the Company or any Parent or Subsidiary of the
Company. Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient to constitute “employment” by the Company. 

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

(n) “Exchange Program” means a program under which (a) outstanding Options are surrendered or cancelled in exchange for
Options of the same type (which may have lower exercise prices and different terms), Options of a different type, and/or cash, and/or (b) the exercise price of an outstanding Option is reduced. The terms and conditions of any Exchange Program
will be determined by the Administrator in its sole discretion. 
 (o) “Fair Market Value” means, as of any date, the value
of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a national market system,
including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such
exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value
shall be the mean between the high bid and low asked prices for the Common Stock on the day of determination; or 
 (iii) In the absence of
an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator. 
 (p)
“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code. 

(q) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 

(r) “Option” means a stock option granted pursuant to the Plan. 

(s) “Option Agreement” means a written or electronic agreement between the Company and an Optionee evidencing the terms and
conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 
 (t) “Optioned
Stock” means the Common Stock subject to an Option or a Stock Purchase Right. 
 (u) “Optionee” means the holder
of an outstanding Option or Stock Purchase Right granted under the Plan. 

  
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 (v) “Parent” means a “parent corporation,” whether now or
hereafter existing, as defined in Section 424(e) of the Code. 
 (w) “Plan” means this 2014 Equity Incentive Plan.

 (x) “Restricted Stock” means Shares issued pursuant to a Stock Purchase Right or Shares of restricted stock issued
pursuant to an Option. 
 (y) “Restricted Stock Purchase Agreement” means a written or electronic agreement between the
Company and the Optionee evidencing the terms and restrictions applying to Shares purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the notice of grant. 

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

(aa) “Service Provider” means an Employee, Director or Consultant. 

(bb) “Share” means a share of the Common Stock, as adjusted in accordance with Section 15 below. 

(cc) “Stock Purchase Right” means a right to purchase Common Stock pursuant to Section 11 below. 

(dd) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 3. Stock Subject to the Plan. Subject to the provisions of Section 15 of the Plan, the
maximum aggregate number of Shares that may be subject to Options or Stock Purchase Rights and sold under the Plan is 300,000 Shares. The Shares may be authorized but unissued, or reacquired Common
Stock.                 
 If an Option or Stock Purchase
Right expires or becomes unexercisable without having been exercised in full, or is surrendered pursuant to an Exchange Program, the unpurchased Shares that were subject thereto shall become available for future grant or sale under the Plan (unless
the Plan has terminated). However, Shares that have actually been issued under the Plan, upon exercise of either an Option or Stock Purchase Right, shall not be returned to the Plan and shall not become available for future distribution under the
Plan, except that if unvested Shares of Restricted Stock are repurchased by the Company, such Shares shall become available for future grant under the Plan. 

4. Administration of the Plan. 

(a) Administrator. The Plan shall be administered by the Board or a Committee appointed by the Board, which Committee shall be
constituted to comply with Applicable Laws. 
 (b) Powers of the Administrator. Subject to the provisions of the Plan and, in the
case of a Committee, the specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion: 

(i) to determine the Fair Market Value; 

(ii) to select the Service Providers to whom Options and Stock Purchase Rights may from time to time be granted hereunder; 

(iii) to determine the number of Shares to be covered by each such award granted hereunder; 

(iv) to approve forms of agreement for use under the Plan; 

  
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 (v) to determine the terms and conditions of any Option or Stock Purchase Right granted
hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of
forfeiture restrictions, and any restriction or limitation regarding any Option or Stock Purchase Right or the Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(vi) to institute an Exchange Program; 

(vii) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws; 
 (viii) to allow Optionees
to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option or Stock Purchase Right that number of Shares having a Fair Market Value equal to the minimum amount required to
be withheld. The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by Optionees to have Shares withheld for this purpose shall be made in such form
and under such conditions as the Administrator may deem necessary or advisable; and 
 (ix) to construe and interpret the terms of the Plan
and Options granted pursuant to the Plan. 
 (c) Effect of Administrator’s Decision. All decisions, determinations and
interpretations of the Administrator shall be final and binding on all Optionees. 
 5. Eligibility. Nonstatutory Stock Options and
Stock Purchase Rights may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 
 6.
Limitations. 
 (a) Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an
Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by
the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options shall
be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. 

(b) At-Will Employment. Neither the Plan nor any Option or Stock Purchase Right shall confer
upon any Optionee any right with respect to continuing the Optionee’s relationship as a Service Provider with the Company, nor shall it interfere in any way with his or her right or the Company’s right to terminate such relationship at any
time, with or without cause, and with or without notice. 
 7. Term of Plan. Subject to stockholder approval in accordance with
Section 21, the Plan shall become effective upon its adoption by the Board. Unless sooner terminated under Section 17, it shall continue in effect for a term of ten (10) years from the earlier of Board or stockholder approval of the
Plan. 
 8. Term of Option. The term of each Option shall be stated in the Option Agreement; provided, however, that the term shall
be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to an Optionee who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting power of
all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Option Agreement. 

  
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 9. Option Exercise Price and Consideration. 

(a) Exercise Price. The per share exercise price for the Shares to be issued upon exercise of an Option shall be such price as is
determined by the Administrator; provided, however, that Incentive Stock Options shall be granted with a per-Share exercise price that complies with the requirements of Section 422 of the Code, including
but not limited to the following, so long as the Code so provides: 
 In the case of an Incentive Stock Option granted to an Employee who, at the time of
grant of such Option, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than one hundred ten percent (110%) of the Fair
Market Value per Share on the date of grant. 
 In the case of an Incentive Stock Option granted to any other Employee, the per Share exercise price shall
be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (b) Forms of Consideration.
The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant).
Such consideration may consist of, without limitation, (1) cash, (2) check, (3) promissory note, (4) other Shares, provided Shares acquired directly from the Company (x) have been owned by the Optionee, and not subject to a
substantial risk of forfeiture, for more than six months on the date of surrender, and (y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised,
(5) consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan, or (6) any combination of the foregoing methods of payment. In making its determination as to the type of
consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company. 

10. Exercise of Option. 

(a) Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder shall be exercisable according to the terms hereof at
such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. An Option may not be exercised for a fraction of a Share. 

An Option shall be deemed exercised when the Company receives (i) written or electronic notice of exercise (in accordance with the
Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised, together with any applicable withholding taxes. Full payment may consist of any consideration
and method of payment authorized by the Administrator and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the Optionee, in the name of the
Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to the Shares, notwithstanding the exercise of the Option; provided, however, that if the Company receives the appropriate notice and full payment ( as provided in the Plan or Option Agreement) on or prior to the
record date for the payment of any dividends, then such shares shall be deemed issued and outstanding for payment of such dividend. The Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment
will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 15 of the Plan. 

Exercise of an Option in any manner shall result in a decrease in the number of Shares thereafter available, both for purposes of the Plan
and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (b) Termination of Relationship as
a Service Provider. If an Optionee ceases to be a Service Provider for reasons other than Disability or death, such Optionee may exercise his or her Option within thirty (30) days of termination, or such longer period of time as specified
in the Option Agreement, to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Option 

  
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Agreement). Unless the Administrator provides otherwise, if on the date of termination the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.
 
 (c) Disability of Optionee. If an Optionee ceases to be a Service Provider as a result of the Optionee’s
Disability, the Optionee may exercise his or her Option within one year of termination, or such longer period of time as specified in the Option Agreement, to the extent the Option is vested on the date of termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement). Unless the Administrator provides otherwise, if on the date of termination the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall revert to the Plan. If, after termination, the Optionee does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

 (d) Death of Optionee. If an Optionee dies while a Service Provider, the Option may be exercised within one year following
Optionee’s death, or such longer period of time as specified in the Option Agreement, to the extent that the Option is vested on the date of death (but in no event later than the expiration of the term of such Option as set forth in the Option
Agreement) by the Optionee’s designated beneficiary, provided such beneficiary has been designated prior to Optionee’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Optionee, then such
Option may be exercised by the personal representative of the Optionee’s estate or by the person(s) to whom the Option is transferred pursuant to the Optionee’s will or in accordance with the laws of descent and distribution. If, at the
time of death, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option
shall terminate, and the Shares covered by such Option shall revert to the Plan. 
 11. Stock Purchase Rights. 

(a) Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with other awards granted under
the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing or electronically of the terms, conditions and restrictions
related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must accept such offer. Unless the Administrator determines otherwise, the Restricted
Stock Purchase Agreement shall grant the Company a repurchase option exercisable within ninety (90) days of the voluntary or involuntary termination of the purchaser’s service with the Company for any reason (including death or
Disability). Unless the Administrator provides otherwise, the purchase price for Shares repurchased pursuant to the Restricted Stock Purchase Agreement shall be the original price paid by the purchaser and may be paid by cancellation of any
indebtedness of the purchaser to the Company. 
 (b) Terms. The terms of the offer will comply in all respects with
Section 260.140.42 of Title 10 of the California Code of Regulations. 
 (c) Other Provisions. The Restricted Stock Purchase
Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. 

(d) Rights as a Stockholder. Once the Stock Purchase Right is exercised, the purchaser shall have rights equivalent to those of a
stockholder and shall be a stockholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment shall be made for a dividend or other right for which the record date is prior to the
date the Stock Purchase Right is exercised, except as provided in Section 15 of the Plan. 
 12. Tax Withholding. Prior to the
delivery of any Shares pursuant to an Option or Stock Purchase Right (or exercise thereof), the Company will have the power and the right to deduct or withhold, or require an Optionee to remit to the Company, an amount sufficient to satisfy federal,
state, local, foreign or other taxes (including the Optionee’s FICA obligation) required to be withheld with respect to such Option or Stock Purchase Right (or exercise thereof). The Administrator, in its sole discretion and pursuant to such
procedures as it may specify from time to time, will determine in what manner it will allow an Optionee to satisfy such tax withholding obligation. 

  
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 13. Limited Transferability of Options and Stock Purchase Rights. Unless determined
otherwise by the Administrator, Options and Stock Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or the laws of descent and distribution, and may be exercised during the
lifetime of the Optionee, only by the Optionee. If the Administrator in its sole discretion makes an Option or Stock Purchase Right transferable, such Option or Stock Purchase Right may only be transferred (i) by will, (ii) by the laws of
descent and distribution, or (iii) to family members (within the meaning of Rule 701 of the Securities Act) through gifts or domestic relations orders, as permitted by Rule 701 of the Securities Act. 

14. Leaves of Absence.     

(a) Unless the Administrator provides otherwise, the vesting of Options and Stock Purchase Rights granted to officers, Directors and
Consultants hereunder will be suspended during any unpaid leave of absence.     
 (b) A Service Provider will not cease
to be a Service Provider in the case of (A) any leave of absence approved by the Company or (B) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor.     

(c) For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave
is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the ninety-first (91st) day of such leave, any Incentive Stock Option held
by the Optionee will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 

15. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares
or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made
available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and the number, class, and price of Shares covered by each outstanding Option or Stock Purchase Right; provided, however, that the
Administrator shall make such adjustments to the extent required by Section 25102(o) of the California Corporations Code. 
 (b)
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Optionee as soon as practicable prior to the effective date of such proposed transaction. To the extent it
has not been previously exercised, an Option or Stock Purchase Right will terminate immediately prior to the consummation of such proposed action. 

(c) Merger or Change in Control. In the event of a Change of Control in which the successor corporation declines to assume or
substitute for the Option or Stock Purchase Right, the Administrator shall notify the Optionee in writing or electronically that the Option or Stock Purchase Right, to the extent vested, shall be exerciseable for a period of time as determined by
the Administrator, and the Option or Stock Purchase Right shall automatically terminate unless exercised during such period, or as otherwise provided by the Administrator. For the purposes of this paragraph, the Option or Stock Purchase Right shall
be considered assumed if, following the merger or Change in Control, the option or right confers the right to purchase or receive, for each Share subject to the Option or Stock Purchase Right immediately prior to the merger or Change in Control, the
consideration (whether stock, cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor
corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the 

  
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Option or Stock Purchase Right, for each Share subject to the Option or Stock Purchase Right, to be solely common stock of the successor corporation or its Parent equal in fair market value to
the per share consideration received by holders of common stock in the merger or Change in Control. 
 16. Time of Granting Options and
Stock Purchase Rights. The date of grant of an Option or Stock Purchase Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Stock Purchase Right, or such later date as is
determined by the Administrator. Notice of the determination shall be given to each Service Provider to whom an Option or Stock Purchase Right is so granted within a reasonable time after the date of such grant. 

17. Amendment and Termination of the Plan. 

(a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 

(b) Stockholder Approval. The Board shall obtain stockholder approval of any Plan amendment to the extent necessary and desirable to
comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the
Plan shall impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the
Administrator’s ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination. 

18. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. Shares shall not be issued pursuant to the exercise of an Option or Stock Purchase Right unless the exercise of
such Option or Stock Purchase Right and the issuance and delivery of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) Investment Representations. As a condition to the exercise of an Option or Stock Purchase Right, the Administrator may require the
person exercising such Option or Stock Purchase Right to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the
opinion of counsel for the Company, such a representation is required. 
 19. Inability to Obtain Authority. The inability of the
Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
 20. Reservation
of Shares. The Company, during the term of this Plan, shall at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

21. Stockholder Approval. The Plan shall be subject to approval by the stockholders of the Company within 12 months of the date the
Plan is adopted. Such stockholder approval shall be obtained in the degree and manner required under Applicable Laws. 
 22. Deferred
Compensation Tax Compliance. The Plan and the Shares and other awards granted under the Plan shall comply with the requirements of Section 409A of the Code dealing with nonqualified deferred compensation plans, including the distribution,
acceleration of benefits and deferral election requirements, as those may be interpreted and applied. Awards granted under the Plan shall interpreted accordingly. 

  
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 CROSSINSTALL, INC. 

2014 EQUITY INCENTIVE PLAN 

STOCK OPTION AGREEMENT 

Capitalized terms not defined herein shall have the meanings provided to them in the CrossInstall, Inc. 2014 Equity Incentive Plan (the
“Plan”). 
  

	I.	 NOTICE OF STOCK OPTION GRANT 

 

					
	          Name:	 	  
	 	
			
	          Address:	 	  
	 	

 The undersigned Optionee has been granted an Option to purchase Common Stock of the Company, subject to the
terms and conditions of the Plan and this Option Agreement, as follows: 
  

							
	      	 	Date of Grant:	 	  
	 	                                      
    
				
		 	Vesting Commencement Date:	 	  
	 	
				
		 	Exercise Price per Share:	 	  
	 	
				
		 	Total Number of Shares Granted:	 	 (the “Shares”)
	 	
				
		 	Total Exercise Price:	 	  
	 	
				
		 	Type of Option:	 	  
	 	
				
		 	Term/Expiration Date	 	  
	 	

 Vesting Schedule: 

This Option shall be exercisable, in whole or in part, according to the following vesting schedule: 

On the first anniversary of the Vesting Commencement Date, one fourth (1/4) (rounded to the nearest whole share) of the Shares subject to this
Option shall vest and become exercisable, provided that Optionee then continues to be a Service Provider. Thereafter, one forty-eighth (1/48) of the Shares subject to the Option (rounded to the nearest whole share) shall vest each month on the same
day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), subject to Optionee continuing to be a Service Provider through each such date. 

 Termination Period: 

This Option shall be exercisable for three (3) months after Optionee ceases to be a Service Provider, unless such termination is due to
Optionee’s death or Disability. If termination is due to Optionee’s death or Disability, this Option may be exercised for one (1) year after Optionee ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event
may Optionee exercise this Option after the Term/Expiration Date as provided above and may be subject to earlier termination as provided in Section 15(c) of the Plan. 
  

	II.	 AGREEMENT 

1.    Grant of Option. The Administrator has granted to the Optionee named in the Notice of Grant (the
“Optionee”), an option (the “Option”) to purchase the number of Shares set forth in the Notice of Grant, at the exercise price per Share set forth in the Notice of Grant (the “Exercise Price”), and
subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 17(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and
conditions of the Plan shall prevail. 
 If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this
Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock
Option (“NSO”). 
 2.    Exercise of Option. 

(a) Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice
of Grant and with the applicable provisions of the Plan and this Option Agreement. 
 (b) Method of Exercise. This Option shall be
exercisable by delivery of an exercise notice in the form attached as Exhibit A (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to
exercise the Option, the number of Shares with respect to which the Option is being exercised, and such other representations and agreements as may be required by the Company. The Exercise Notice shall be accompanied by payment of the aggregate
Exercise Price as to all Exercised Shares, together with any applicable tax withholding. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by the aggregate Exercise Price,
together with any applicable tax withholding. 
 No Shares shall be issued pursuant to the exercise of an Option unless such issuance and
such exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to the Optionee on the date on which the Option is exercised with respect to such Shares. 

3.     Optionee’s Representations. In the event the Shares have not been registered under the Securities Act
of 1933, as amended, at the time this Option is exercised, the Optionee shall, if required by the Company, concurrently with the exercise of all or any portion of this Option, deliver to the Company his or her Investment Representation Statement in
the form attached hereto as Exhibit B. 
 4.     Lock-Up Period. Optionee hereby agrees that Optionee
shall not 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, lend, or otherwise transfer or dispose of, directly or indirectly, any
Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the
Company held by Optionee (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following
the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other
distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto).

  
 -2- 

 Optionee agrees to execute and deliver such other agreements as may be reasonably requested
by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities)
of the Company, Optionee shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities
pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be
promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of
Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day (or other) period. Optionee agrees that any transferee of the Option or shares acquired pursuant to the Option shall be
bound by this Section 4. 
 5.    Method of Payment. Payment of the aggregate Exercise Price shall be by any
of the following, or a combination thereof, at the election of the Optionee: 
 (a) cash or check; 

(b) consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with the Plan; or

 (c) surrender of other Shares which, (i) in the case of Shares acquired from the Company, either directly or indirectly, have been
owned by the Optionee, and not subject to a substantial risk of forfeiture, for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the
Exercised Shares. 
 6.    Restrictions on Exercise. This Option may not be exercised until such time as the Plan
has been approved by the stockholders of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any Applicable Law. 

7.    Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by
the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the
Optionee. 
 8.     Term of Option. This Option may be exercised only within the term set out in the Notice of
Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option. 

9.    Tax Obligations. 

(a) Withholding Taxes. Optionee agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or
retaining Optionee) for the satisfaction of all Federal, state, local and foreign income and employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may refuse to honor the
exercise and refuse to deliver Shares if such withholding amounts are not delivered (or authorized to be withheld from Optionee’s paycheck for the then-current period, in appropriate circumstances) at the
time of exercise. 
 (b) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee herein is an ISO, and
if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall
immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee. 

  
 -3- 

 (c) Code Section 409A. Under Code Section 409A, an Option
that vests after December 31, 2004 that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the “IRS”) to be less than the fair market value of a Share on the date of grant (a “discount
option”) may be considered “deferred compensation”. An Option that is a “discount option” may result in (i) income recognition by the Optionee prior to the exercise of the Option, (ii) an additional twenty percent
(20%) tax, and (iii) potential penalty and interest charges. Optionee acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the fair market value
of a Share on the date of grant in a later examination. Optionee agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the fair market value of a Share on the date of grant, Optionee will be
solely responsible for Optionee’s costs related to such a determination. 
 10.    Entire Agreement; Governing
Law. The Plan is incorporated herein by reference. The Plan and this Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements
of the Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This agreement is governed by the laws of the
State of California as they would apply to agreements entered into and to be performed entirely within California by residents thereof. 

11.    No Guarantee of Continued Service. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO
THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT, AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING
SHARES HEREUNDER. OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE
PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE OPTIONEE’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 Optionee acknowledges receipt of a copy of the Plan and represents
that he or she is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain
the advice of counsel prior to executing this Option and fully understands all provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the residence address indicated below. 
  

					
		 	    	 	CROSSINSTALL, INC.
			
	  
	 		 	  

	Signature	 		 	Authorized Signature
			
	RESIDENCE ADDRESS:	 		 	  

		 		 	Print Name and Title of Signatory
			
	  
	 		 	
			
	  
	 		 	

  
 -4- 

 EXHIBIT A 

CROSSINSTALL, INC. EQUITY INCENTIVE PLAN 

EXERCISE NOTICE 
 CrossInstall, Inc. 

Attention: CEO 

1.    Exercise of Option. Effective as of today’s date,
                    ,         , the undersigned (“Optionee”) hereby elects to exercise
Optionee’s option to purchase                  shares of the Common Stock (the “Shares”) of CROSSINSTALL, INC. (the “Company”)
under and pursuant to the CrossInstall, Inc. Equity Incentive Plan (the “Plan”) and the Stock Option Agreement dated «GrantDate» the “Option Agreement”). 

2.    Delivery of Payment. Optionee herewith delivers to the Company the full purchase price of the Shares, as set
forth in the Option Agreement, and any and all withholding taxes due in connection with the exercise of the Option (unless Optionee has arranged for the Company to withhold such taxes from Optionee’s paycheck for the then-current period). 

3.    Representations of Optionee. Optionee acknowledges that Optionee has received, read and understood the Plan
and the Option Agreement and agrees to abide by and be bound by their terms and conditions. 
 4.    Rights as
Stockholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder
shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Shares shall be issued to the Optionee as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment shall
be made for a dividend or other right for which the record date is prior to the date of issuance except as provided in Section 15 of the Plan. 

5.    Company’s Right of First Refusal. Before any Shares held by Optionee or any transferee (either being
sometimes referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the
terms and conditions set forth in this Section 5 (the “Right of First Refusal”). 
 (a) Notice of Proposed
Transfer. The Holder of the Shares shall deliver to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each
proposed purchaser or other transferee (“Proposed Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration for which the Holder proposes to
transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered Price to the Company or its assignee(s). 

 (b) Exercise of Right of First Refusal. At any time within thirty (30) days
after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at
the purchase price determined in accordance with subsection (c) below. 
 (c) Purchase Price. The purchase price
(“Purchase Price”) for the Shares purchased by the Company or its assignee(s) under this Section 5 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the
non-cash consideration shall be determined by the Board of Directors of the Company in good faith. 
 (d) Payment. Payment of the
Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the
assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times set forth in the Notice. 

(e) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are
not purchased by the Company and/or its assignee(s) as provided in this Section 5, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price; provided that such sale
or other transfer is consummated within 180 days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions
of this Section 5 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the
Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred. 

(f) Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of
any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the
provisions of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother, sister, niece or nephew. In such case, the transferee or other recipient shall receive
and hold the Shares so transferred subject to the provisions of this Section 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5. 

(g) Termination of Right of First Refusal. The Right of First Refusal shall terminate as to any Shares upon the earlier of
(i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded. 

6.     Tax Consultation. Optionee understands that Optionee may suffer adverse tax consequences as a result of
Optionee’s purchase or disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that Optionee is not relying on
the Company for any tax advice. 
 7.    Restrictive Legends and Stop-Transfer Orders. 

(a) Legends. Optionee understands and agrees that the Company shall cause the legends set forth below or legends substantially
equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD
OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL 

  
 -2- 

 
REGISTERED UNDER THE ACT OR, IN THE OPINION OF COMPANY COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE
ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE EXERCISE NOTICE BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL
ARE BINDING ON TRANSFEREES OF THESE SHARES. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A
PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE
HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER. 
 (b) Stop-Transfer
Notices. Optionee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its
own securities, it may make appropriate notations to the same effect in its own records. 
 (c) Refusal to Transfer. The Company
shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Exercise Notice or (ii) to treat as owner of such Shares or to accord the right to
vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

8.    Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or
multiple assignees, and this Exercise Notice shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Exercise Notice shall be binding upon Optionee and his or her heirs,
executors, administrators, successors and assigns. 
 9.    Interpretation. Any dispute regarding the
interpretation of this Exercise Notice shall be submitted by Optionee or by the Company forthwith to the Administrator which shall review such dispute at its next regular meeting. The good faith resolution of such a dispute by the Administrator
shall be final and binding on all parties. 
 10.    Governing Law; Severability. This Exercise Notice is
governed by the laws of the state of California as they would apply to agreements entered into and to be performed entirely within California by residents thereof. In the event that any provision hereof becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable or void, this Exercise Notice will continue in full force and effect. 

11.    Entire Agreement. The Plan and Option Agreement are incorporated herein by reference. This Exercise Notice,
the Plan, the Option Agreement and the Investment Representation Statement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company
and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. 

  
 -3- 

					
	Submitted by:	 		 	Accepted by:
		 	    	 	CROSSINSTALL, INC.
			
	  
	 		 	  

	Signature	 		 	Authorized Signature
			
		 		 	  

	Residence Address:	 		 	Print Name and Title of Signatory
			
	  
	 		 	  

		 		 	Date Received
			
	  
	 		 	

  
 -4- 

 EXHIBIT B 

INVESTMENT REPRESENTATION STATEMENT 
  

					
			
	OPTIONEE:	  		  	
			
	COMPANY:	  	CROSSINSTALL, INC.	  	
			
	SECURITY:	  	COMMON STOCK	  	
			
	AMOUNT:	  	                     shares	  	
			
	DATE:	  	[                    ], 20    	  	

 In connection with the purchase of the above-listed Securities, the undersigned Optionee represents to the
Company the following: 
 (a) Optionee is aware of the Company’s business affairs and financial condition and has acquired sufficient
information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Optionee is acquiring these Securities for investment for Optionee’s own account only and not with a view to, or for resale in connection
with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). 

(b) Optionee acknowledges and understands that the Securities constitute “restricted securities” under the Securities Act and have
not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Optionee’s investment intent as expressed herein. In this connection,
Optionee understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Optionee’s representation was predicated solely upon a present intention to hold these Securities for
the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. Optionee further
understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Optionee further acknowledges and understands that the Company is under
no obligation to register the Securities. Optionee understands that the certificate evidencing the Securities will be imprinted with any legend required under applicable state securities laws. 

(c) Optionee is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the Securities Act, which, in substance, permit
limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions. Rule 701
provides that if the issuer qualifies under Rule 701 at the time of the grant of the Option to the Optionee, the exercise will be exempt from registration under the Securities Act. In the event the Company becomes subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter (or such longer period as any market stand-off agreement may require) the Securities exempt
under Rule 701 may be resold, subject to the satisfaction of certain of the conditions specified by Rule 144, including: (1) the resale being made through a broker in an unsolicited “broker’s transaction” or in transactions
directly with a market maker (as said term is defined under the Securities Exchange Act of 1934); and, in the case of an affiliate, (2) the availability of certain public information about the Company, (3) the amount of Securities being
sold during any three month period not exceeding the limitations specified in Rule 144(e), and (4) the timely filing of a Form 144, if applicable. 

 In the event that the Company does not qualify under Rule 701 at the time of grant of the
Option, then the Securities may be resold in certain limited circumstances subject to the provisions of Rule 144, which requires the resale to occur not less than one year after the later of the date the Securities were sold by the Company or the
date the Securities were sold by an affiliate of the Company, within the meaning of Rule 144; and, in the case of acquisition of the Securities by an affiliate, or by a non-affiliate who subsequently holds the Securities less than two years, the
satisfaction of the conditions set forth in sections (1), (2), (3) and (4) of the paragraph immediately above. 
 (d) Optionee further
understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that,
notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and
otherwise than pursuant to Rules 144 or 701 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such
transactions do so at their own risk. Optionee understands that no assurances can be given that any such other registration exemption will be available in such event. 

 

	
	OPTIONEE
	
	  

	
	  

	Date

  
 -2-EX-10.1

 Exhibit 10.1 

INTESA SAN PAOLO LOGO 
  

 LOAN AGREEMENT 

No. 0IC1010185301 
 With this agreement,
drawn up in 3 original copies with a single legal effect, between: 
 a) as financing party: Banca INTESA SANPAOLO S.p.A.—hereinafter referred to
as “Bank”—Parent Company of the INTESA SANPAOLO Banking Group registered in the Register of Banking Groups, with registered office in Turin, Piazza San Carlo, 156 and secondary office in Milan, Via Monte di
Pietà, 8, tax code no. [***] Representative of the “Intesa Sanpaolo” VAT Group, VAT No. [***], member of the Interbank Deposit Protection Fund and the National Guarantee Fund, share capital (fully paid up) of
Euros 9,085,663,010.32, company registered in the Company Register—Turin Office No. [***] and in the Register of Banks under No. [***], in the person of GIORGIO GARBERI, born in Voghera on 04/05/1964 in the
capacity of Executive with address for service for his post in the branch of Milan Porta Vittoria—ag. 07324, as empowered by the current Articles of Association, 

b) as the borrower:  
 KALEYRA SPA with registered
office in MILAN (MI), VIA MARCO D’AVIANO, 2 share capital (fully paid up) Euros 110,593, Tax ID and Business Register—Milan Office No. [***], VAT No. [***], in the person of LUCA GIARDINA PAPA, born on [***], in Limbiate
(MB), as Special Attorney of the Company, with address for service for his position at the registered office, as empowered by the Board of Directors’ meeting of 17 June 2020, hereinafter referred to as “Borrower” or
“Beneficiary Company”, this Loan agreement is hereby entered into. 
 ************************* 

The following “Summary Document” is hereby introduced as an integral part of this document. 

SUMMARY DOCUMENT 
 No.
1/2020 - DATED 29/07/2020 
 FINANCIAL TERMS 
  

	 	•	 	 Duration: 72 months, starting from the date of disbursement of the loan including a grace period 

  

	 	•	 	 Interest rate: variable, determined in nominal terms each year by the addition of: 

1) a fixed 1.70% rate called spread; 
 2) a variable
amount equal to the three-month EURIBOR rate, base 360, (currently -0.413 % per annum). The loan’s interest rate is currently 1.287% nominal per annum. 

If the algebraic sum of the Euribor parameter value and the spread determines a negative result, the rate is still fixed at zero since the Borrower is in any
event required to return the principal disbursed. 
  

	 	•	 	 Frequency of instalments: quarterly. 

 

	 	•	 	 Grace period: 4 quarterly instalments. 

 

	 	•	 	 Interest payments: starting from the disbursement date. 

 

	 	•	 	 Repayment: from the end of the grace period, the principal will be repaid as per the attached plan

  

	 	•	 	 Late-payment interest: annual nominal rate as per the contract rate, currently 1.287% (one point two eight seven)
annual, increased by 2.00 percent. 

  

	 	•	 	 Early termination fee: 1% on the principal repaid early. 

 INTESA SAN PAOLO LOGO 
  

	 	•	 	 Annual percentage rate (APR): currently 1.37% per annum. 

 

	 	•	 	 Fees: 

A) underwriting: Euros 11,000.00; 

B) for any transfers: Euros 51.00; 

costs for sending communications required by law: Euros 0.70 for each mailing; 

expenses for sending communications required by law online: Euros 0.00 per sending; 

collection fees and expenses for sending instalment due notice or payment receipt: Euros 4.00 for each mailing; 

issue of credit existence certificate: Euros 51.00. 

for contract revision requested by the borrower: 0.50% on the amount of the outstanding principal at the time of the request, with a minimum of
Euros 100.00 (except for the cases that are exempt pursuant to Art. 120 quater of the TUB [Italian Consolidated Banking Law]). In any case, no expenses are due for communications exempt under the law (currently Art. 127 bis, paragraph 1 of the TUB
and Art. 8 bis Law No. 40/2007). 
 *************************** 

1. Amount, purposes 
 Bank herewith grants Borrower a loan
of Euros 5,500,000.00 (FIVE MILLION FIVE HUNDRED THOUSAND/00 EUROS) (hereinafter “Loan”) 
 The Loan is aimed at: liquidity support following the
Covid19 health emergency. 
 A guarantee by Banca del Mezzogiorno—MedioCredito Centrale S.p.A. was issued for this Loan on 21/07/2020 (pursuant to
Decree Law No. 23/2020, Art. 13, paragraph 1) on the Guarantee Fund for Small and Medium Enterprises, established in accordance with Law No. 662/1996, subsequent amendments and additions and related implementing regulations. 

2. Disbursement 
 The disbursement will be made in a
single payment by crediting the loan amount to current account No. 1000/12514, in the name of the Borrower at the Milan Branch, Via Marconi ang. Piazza Diaz- ag. 08051 of the Bank, net of the amount corresponding to the expenses under Art. 10.

 At the time of disbursement, the Borrower shall therefore issue a final receipt of the amount disbursed by signing the disbursement statement. 

3. Duration and methods of repayment 
 The duration of the
loan is set at 72 months from the date of disbursement. 
 This duration shall include a grace period. 

Interests shall be paid, at the variable rate referred to in Art. 4, in 24 quarterly instalments, the first of which will be due on 29/10/2020 and the last on
29/07/2026, with the specification that the first 4 instalments will only include interests. Calculation of interest starts from the date of disbursement. 

The principal will be repaid in 20 quarterly instalments. The first principal instalment will be due on 29/10/2021, and the subsequent instalments will have
the same due dates as the interest instalments, while the last will be due on 29/07/2026 
 All of the above according to the repayment schedule attached to
this deed under letter “A”. 
 The Borrower authorizes the charging of the amounts of each instalment to the account referred to in Art. 2, which
it undertakes to keep open for the entire duration of the Loan and on which it undertakes to promptly make available the funds needed to pay the instalments, in accordance with the provisions of Art. 7(d). 

 INTESA SAN PAOLO LOGO 
  

 4. Interest Rate 

The interest rate shall be determined for each quarter as one quarter of the addition of the following items: 

I. -a fixed annual nominal rate of 1.70 percent called the spread; 

II. -an annual variable amount equal to the three-month interest rate ( base 360 )—called EURIBOR—(Euro
Interbank Offered Rate)—the reference index for the determination of interest rates—recorded by the manager of the index, the European Money Markets Institute (EMMI) (or any other entity that may replace it in the future), published on the
penultimate bank business day of the month preceding the starting date of each instalment (currently -0.413% per annum) on the “EURIBOR01” page of the Reuters IT circuit (or in the future any page or
service that may replace it) and normally published in the daily newspaper “Il Sole 24 ORE” the following day. 
 For a description of the Euribor
or other information relating to said index, please refer to the EMMI website. 
 In the event of the change of the formula and/or methodology (mathematical
or any other kind) used to measure the Euribor in accordance with the procedures in place at the closing date of the agreement, the Euribor will be used in accordance with the prevailing formula and/or methodology, as defined in accordance with the
provisions of European Regulation 2016/1011 of 8 June 2016. 
 If, for any reason, the EMMI does not record this rate on the expected day, the last
known Euribor value will be used. If there is no definitive recording of the Euribor, the replacement index will be the index (including any differential or adjustment) that will be formally recommended by (i) the private sector working group
on euro risk-free rates set up by the European Central Bank (“ECB”), the Financial Services and Markets Authority (FSMA), the European Securities and Markets Authority (ESMA) and the European Commission, or (ii) by EMMI, as manager of
EURIBOR, or (iii) by the competent authority under European Regulation 2016/1011 (“BMR”) for the supervision of EMMI, as manager of the index, or (iv) by the competent national authorities designated under the BMR, or (v) by
the ECB. 
 The interest rate of the loan is currently equal to 1.287 % (one point two eight seven) nominal per annum. 

The APR (Annual Percentage Rate) of this loan, calculated today, is 1.37% per annum. 

If the algebraic sum of the Euribor parameter value and the spread determines a negative result, the rate is still fixed at zero since the Borrower is in any
event required to return the principal disbursed. 
 The interests referred to in this article shall be calculated based on the actual number of days
elapsed and with a fixed divider of 36,000 on an annual basis. 
 The interest rate on this loan is calculated taking into account the fact that it has been
granted a guarantee pursuant to Law 662/1996, mentioned in Article 1. 
 5. Late-payment interest 

Any amount owed for any reason under this agreement and not paid shall, from the due date and without the need for any formal notice, give rise to late-payment
interest to be paid by the Borrower to the Bank. Periodic capitalization of such interests is not permitted. 
 Late-payment interest will be calculated at
the annual nominal rate laid down as the contractual rate under Art. 4 above, currently 1.287% (one point two eight seven) annual, increased by 2.00 percent. 

Late-payment interest shall be calculated on the basis of the actual number of days elapsed and with a fixed divider of 36,500 on an annual basis. 

 INTESA SAN PAOLO LOGO 
  

 6. Early repayment 

Early repayment of the loan is permitted, in whole or in part, under the following terms: 

a) that the Borrower fulfils all of its contractual obligations at the time of early termination; 

b) that the early repayment does not take place at the same time as the due date of an instalment. In the event of only partial early repayment, such amount
will be credited as a pro rata reduction on later instalments, without any changes to the original duration of the Loan. 
 In the event of total or partial
early repayment of the loan or operation of the loan acceleration clause, termination of the agreement or withdrawal, the Bank shall only be entitled to a percentage fee on the principal repaid early at the rate of 1%; the Borrower shall not be
charged anything else for this reason. 
 7. Miscellaneous obligations of the Borrower 

From the date of acceptance of this agreement until the definitive extinction of all the obligations assumed hereunder, the Borrower undertakes: 

a) to send the Bank its annual financial statements along with the reports of the Board of Directors (and, where applicable, the reports of the Board of
Statutory Auditors) within thirty days of their approval by the Shareholders’ Meeting, as well as the agenda of the Ordinary Shareholders’ Meetings and of any Extraordinary Shareholders’ Meetings as soon as they have been called, and
to send the relevant minutes within thirty days of the Shareholders’ Meeting; 
 b)—to immediately provide the Bank, upon request, with
declarations, records and any other information or data concerning shareholders equity, its financial situation, and financial standing in accordance with the instructions given by the Supervisory Body of Banks; 

c)—to immediately notify the Bank about any change or event of a technical, administrative, legal or litigious nature, even if it is well-known, which
could substantially alter the financial, economic or operational situation in a negative sense or could in any case compromise its operational capacity; such events include, but are not limited to: the initiation of executive actions, circumstances
that could lead to the withdrawal of one or more shareholders, receipt of a withdrawal notice from one or more shareholders, adoption of a resolution to allocate one or more assets to one or more specific transactions in accordance with Art. 2447
bis of the Italian Civil Code; 
 d) to keep the current account referred to in Article 2 open and to provide the necessary funds to pay the instalments in
a timely manner; 
 e)—not to abandon, suspend the financed programme or execute it in a manner that does not comply with the provisions delivered to
the Bank and not to use, in whole or in part, the sums loaned for purposes other than those contractually established. 
 f)—to ensure that the
financial parameters indicated in Annex “B” are respected until the extinction of all the Bank’s claims in relation to this Loan. 
 The Bank
and the Borrower expressly agree that the obligations referred to in this article are considered essential, and the non-fulfilment or only partial fulfilment of even one of them shall constitute cause for
termination of the agreement or withdrawal from it within the limits set forth in Art. 9 below. 
 7 Bis. Obligations deriving from the guarantee
given by the Guarantee Fund for SMEs (Law 662/1996, Art.2 paragraph 100, letter A) 
 In view of the guarantee granted by the Guarantee Fund to this loan
and in consideration of the facilitated nature of the guarantee itself, the Borrower undertakes: 
  

	a)	 not to change the purpose of the investment; 

 INTESA SAN PAOLO LOGO 
  

	b)	 to apply—in accordance with Law No. 300/1970, Art.36—to employees conditions not inferior to
those resulting from collective labour agreements in the category and the area; 

  

	c)	 to operate in full compliance with current building, urban planning and environmental protection regulations;

  

	d)	 to allow inspections and controls by the bodies in charge and to provide the data and information requested by
them; 

  

	e)	 in general, to comply with the commitments undertaken when applying for the Guarantee Fund, the provisions of
which it declares being well aware of.In particular, the Borrower acknowledges that, also in the event of controls by the Guarantee Fund, the investments must be documented in detail (with invoices or other equivalent documentation) and that failure
to comply with this obligation may result in the revocation of the concession of the facilitation and in the payment by the Borrower of the penalties provided for by law. 

7. Ter. Covenants 
 The Borrower—for itself, its
successors and assignees and until the extinction of all the Bank’s claims in relation to this loan—undertakes to comply with the financial parameters indicated in Annex “B” are complied with, and ensure they are enforced. 

The Bank reserves the right to terminate the agreement, pursuant to Art. 1456 of the Italian Civil Code, if even one of the financial parameters indicated
above is not met, unless the Borrower proves, through the delivery of suitable documentation, that it has already remedied the non-compliance.

The Borrower undertakes to: 
  

	 	A)	 ensure that the shareholders that currently hold direct or indirect control of the company do not transfer to
third parties their shareholding that ensures such control, until all the amounts due under this loan have been repaid in full, as per specific declaration issued by the shareholders themselves; 

 

	 	B)	 ensure that the Bank’s claims in relation to this loan are treated equally to the claims of any of its
other unsecured creditors and, if collateral is granted in favour of other creditors, to provide the Bank with collateral equivalent to that provided in favour of these creditors within and no later than 30 (thirty) days from the date on which such
collateral is provided (pari passu); 

  

	 	C)	 refrain from selling, assigning, transferring or otherwise disposing of all or a substantial part of its goods
or assets (through a single transaction or a series of related transactions), limited to the investee companies BUC MOBILE and SOLUTION INFINI, where this may substantially impair the Bank’s claims arising from this loan 

The Bank reserves the right to terminate the agreement, pursuant to Art. 1456 of the Italian Civil Code, in the event of breach of any of the above
obligations. 
 8. Undelayable nature of Borrower’s obligations 

The Borrower’s obligation to pay on the due dates all sums due as repayment of principal, interests or for other reasons and, more generally, the
performance of the obligations under this agreement may not be suspended or delayed even in the event of any dispute, including judicial ones, that were to be raised by the Borrower, by a guarantor or a third party. 

 INTESA SAN PAOLO LOGO 
  

 9. Operation of the loan acceleration clause, agreement termination and withdrawal 

A. It is expressly agreed that the occurrence of any of the cases provided for by art. 1186 of the Italian Civil Code will activate the loan acceleration
clause, without the need for a judicial decision. Loan acceleration operates if the Borrower applies for admission to insolvency procedures or to any procedure, including those of an extra-judicial nature, having similar effects, or in any case
involving the satisfaction of debts and obligations in general in a manner different from normal, including the transfer of assets to creditors. 
 B. It is
expressly agreed that the agreement shall be terminated, in accordance with Article 1456 of the Italian Civil Code, both in the event of breach of the obligation to pay all the amounts due to the Bank in the manner and within the terms provided for
in Articles 3 and 6, and in the event of breach of even one of the obligations set forth in Article 7, letters a), b), c), e), and in Article 7-bis; the express termination may be declared even if situations,
data or historical accounts, presented for the purpose of obtaining the loan or during its course, are then found to be untruthful.The Bank also reserves the right to terminate the agreement, pursuant to Art. 1456 of the Italian Civil Code, in the
event that you fail to comply with the obligations set out in Art. 7 (f) and therefore fail to meet the financial parameters set out in Annex “B”, unless you can prove, through the delivery of suitable supporting documents, that you have
already remedied the breach by the final date of approval of the relevant financial statements. 
 C. It is expressly agreed that the Bank has the right to
withdraw from the loan agreement, pursuant to Article 1373 of the Italian Civil Code, upon the occurrence, in addition to any cause for the dissolution of the company, of any of the following events concerning the Borrower: 

a) calling of a shareholders’ meeting to decide placing the company into liquidation; 

b) merger, demerger, transfer or contribution of a business or business unit not previously authorized in writing by the Bank; 

c) the existence of formal procedures, even if communicated pursuant to Article 7, which, at the Bank’s sole discretion, may be prejudicial to the legal,
equity, economic and financial situation of the Borrower, including but not limited to the issue of injunctive decrees, attachment orders on company assets, the constitution of assets intended for a specific business in accordance with Article 2447
bis of the Italian Civil Code, etc.; 
 d) non-fulfilment of obligations of a credit, financial or guarantee nature,
assumed towards any subject; 
 e) loan acceleration, termination or withdrawal for reasons attributable to the Borrower with respect to any third-party
lender and in relation to any agreement entered into; 
 f) failure to comply with the obligations under Art. 7(d) (maintaining the current account and the
funding thereof). 
 Loan acceleration, termination of the agreement or withdrawal of the Bank from the agreement will be notified by registered letter with
return receipt and take effect upon receipt of such notice, or when it is returned to the sender after completion of the holding period. 
 In the event of
loan acceleration, termination, withdrawal provided for in this article, the Borrower shall repay all amounts due to the Bank under this agreement, including any late-payment interest to the extent provided for in Article 5 above, within 10 (ten)
bank working days of receipt of the Bank’s request. 
 10. Charges

For the entire term of the loan, the following charges shall be borne by the Borrower: 

A) underwriting: Euros 11,000.00; 

 INTESA SAN PAOLO LOGO 
  

 B) any transfers: Euros 51.00; 

costs for sending communications required by law: Euros 0.70 for each mailing;expenses for sending communications required by law online: Euros 0.00 per
sending;collection fees and expenses for sending instalment due notice or payment receipt: Euros 4.00 per sending; issue of credit existence certificate: Euros 51.00; 

for agreement revision requested by the borrower: 0.50% on the amount of the outstanding principal at the time of the request, with a minimum of Euros 100.00
(except for the cases that are exempt pursuant to Art. 120 quater TUB) 
 In any case, no expenses are due for communications exempt under the law
(currently Art. 127 bis, paragraph 1 of the TUB and Art. 8 bis Law No. 40/2007). 
 In order to receive online account statements, it is necessary to
sign up for the Bank’s remote services and use the relevant access credentials; remote services are provided under the agreements called “Internet, mobile and telephone services for companies and entities” or “Inbiz”. 

For further information on remote services, please read the information sheet available. 

The Bank has the right to vary, in a manner unfavourable to the Borrower, only the expenses indicated under letter B) above; such variations will be applied
in compliance with the provisions of Art. 118 of Legislative Decree No. 385/1993 (TUB) and subsequent amendments and additions. In the event of exercise of the above right, you have the right to withdraw from the agreement that is subject to
change, without charge, by the date set for the implementation of the changes and to obtain, at the time of its liquidation, the application of the conditions previously applied. 

11. Successors obligations—assumption of debt 
 The
undertakings assumed by the Borrower are understood to be constituted jointly and severally also for any successors and assignees. 
 In
view of the specific nature of the guarantee, the parties agree that the loan can be taken over only without releasing the original debtor and subject to a favourable opinion from the Guarantee Fond.

12. Proof of debt 
 The Bank’s statements of account,
records and, in general, accounting results are proof of the principal and interest of the debt and anything else due under this agreement. 
 13.
Applicable law and jurisdiction 
 This agreement is subject to Italian law. For any dispute, judgement and proceeding that may arise as a result of this
agreement, the Court indicated by the Code of Civil Procedure (Articles 18 et seq.) shall have jurisdiction. 
 14. Claims and out-of-court dispute resolution procedures. 
 The Borrower may submit a claim
to the Bank in the manner indicated on the Information Sheet, available at the Branches and on the Bank’s website. 
 If the Borrower is not satisfied
with the reply received or has not received a reply within 30 days, before appealing to the courts, it may contact the Financial Banking Arbitrator (ABF); to find out how to contact the latter, as well as the latter’s jurisdiction, you may
visit the website www.arbitrobancariofinanziario.it, ask in branches of the Bank of Italy, or ask the Bank. 
 For the purposes of the out-of-court settlement of disputes that may arise from this agreement, the Borrower and the Bank, in the event of the mediation process being carried out within the terms set
by the applicable law, may resort to: 

 INTESA SAN PAOLO LOGO 
  

	 	•	 	 the Banking and Financial Conciliator – Association for the settlement of banking, financial and corporate
disputes – ADR; the Regulations of the Banking and Financial Conciliator may be viewed on the website www.conciliatorebancario.it or requested from the Bank; 

 

	 	•	 	 or another body specializing in banking and financial matters registered in the register held by the Ministry of
Justice. 

 15. Allocation of payments 

Unless otherwise determined by the Bank, any payment made by the Borrower or any guarantor shall first be allocated to the repayment of fees and charges, then
to the payment of ancillary charges and interests, and, as for the remaining part, to the principal. 
 16. Address for service 

The Bank’s address for service is its registered office at Piazza San Carlo, 156 in Turin, and, as regards the Borrower, at the registered office declared
in this deed and, failing this, at the Secretariat of the Municipality of its registered office in accordance with Art. 143 Italian Code of Civil Procedure. 

17. Tax treatment 
 The Borrower is responsible for any
charges for taxes, levies, fees and withholding taxes that may be applied in relation to this agreement and the payments to be made under it, it being also understood that the Bank shall receive the amounts due to it net of any charges. 

Any restriction or prohibition by law that prevents the Borrower from bearing such charges shall oblige it, if requested in writing, to repay the principal
amount, in addition to interest and any other amount due under this loan agreement, by the term indicated in the relevant notice. 
 18. Information note
on subrogation in loan agreements 
 In the event that the Borrower, whether a natural person or a micro-enterprise (as defined in Art. 1, paragraph 1,
letter t of Legislative Decree no. 11/2010), in order to repay this loan, obtains another loan from another bank or financial intermediary, in the cases provided for in Art. 120 quater of the TUB, the Borrower shall not bear any costs (such as, for
example: commissions, expenses, charges or penalties), even indirectly. 
 The law requires that a new agreement thus stipulated retains the collateral and
personal guarantees of the previous one. 
 Read, confirmed and signed on each page, including annexes. 

 

	
	 INTESA SANPAOLO S.p.A
 Milan Porta
Vittoria Business Branch

	
	/s/ Giorgio Garberi

  

	
	 KALEYRA SPA
 WITH SOLE
SHAREHOLDER

	
	/s/ Luca Giardina Papa
	(Borrower)

 Pursuant to and for the purposes of Article 1341 of the Italian Civil Code and—as far as may be necessary—Article
118 of Legislative Decree No. 385/1993, we also declare that we specifically approve the following articles: 
 7) Miscellaneous obligations. 

7bis) obligations arising from the facilitation
 8) Undelayable
nature of the obligations of the Borrower. 

 INTESA SAN PAOLO LOGO 
  

 9) Loan acceleration, termination of the agreement, withdrawal and capitalization of interest following
termination for non-fulfilment. 
 10) Charges. 

11) Assumption of debt 
 12) Proof of debt. 

Finally, the Borrower expressly approves the content of Art. 5 hereto (default interests and calculation methods), pursuant to Decree No. 343 of the
Inter-Ministerial Committee for Credit and Savings of 3/08/2016, issued in implementation of Art. 17-bis of Law No. 49/2016 converting “banking decree” No. 18/2016, and published in
Official Gazette No. 212 of 10/09/2016 and, as far as may be necessary, also pursuant to Art. 1341 of the Civil Code. 
  

					
	 MILAN, 29/07/2020
	 		 	 KALEYRA SPA
 WITH SOLE
SHAREHOLDER

			
	  
	 		 	/s/ Luca Giardina Papa
		 		 	(Borrower)

 Finally, the Borrower declares that it has received a copy of this agreement, including its annexes, consisting of 14 pages
joined together by a holographic band. 
  

					
	 MILAN, 29/07/2020
	 		 	 KALEYRA SPA
 WITH SOLE
SHAREHOLDER

			
	  
	 		 	/s/ Luca Giardina Papa
		 		 	(Borrower)

 Page 1 of 1 

					
	 MI PORTA VITTORIA BRANCH
	  		  	ANNEX A
	APPLICATION NO. 0185045624914	  	LOAN NO. 0IC101085301	  	
	NAME:	  	KALEYRA SPA	  	
	AMOUNT OF THE LOAN:	  	EUROS 5,500,000.00	  	
	TOTAL NUMBER OF INSTALMENTS:	  	24	  	
	INTEREST RATE ON PRINCIPAL AMOUNT:	  	1.2870000	  	

  

													
	 PAYMENT
	 	  	 DATE
	  	PRINCIPAL	 	  	RES. DEBT OF THE PRINCIPAL	 
	 	1	 	  	29/10/2020	  	 	0.00	 	  	 	5,500,000.00	 
	 	2	 	  	29/01/2021	  	 	0.00	 	  	 	5,500,000.00	 
	 	3	 	  	29/04/2021	  	 	0.00	 	  	 	5,500,000.00	 
	 	4	 	  	29/07/2021	  	 	0.00	 	  	 	5,500,000.00	 
	 	5	 	  	29/10/2021	  	 	266,688.78	 	  	 	5,233,311.22	 
	 	6	 	  	29/01/2022	  	 	267,546.85	 	  	 	4,965,764.37	 
	 	7	 	  	29/04/2022	  	 	268,407.68	 	  	 	4,697,356.69	 
	 	8	 	  	29/07/2022	  	 	269,271.29	 	  	 	4,428,085.40	 
	 	9	 	  	29/10/2022	  	 	270,137.67	 	  	 	4,157,947.73	 
	 	10	 	  	29/01/2023	  	 	271,006.83	 	  	 	3,886,940.90	 
	 	11	 	  	29/04/2023	  	 	271,878.80	 	  	 	3,615,062.10	 
	 	12	 	  	29/07/2023	  	 	272,753.57	 	  	 	3,342,308.53	 
	 	13	 	  	29/10/2023	  	 	273,631.15	 	  	 	3,068,677.38	 
	 	14	 	  	29/01/2024	  	 	274,511.56	 	  	 	2,794,165.82	 
	 	15	 	  	29/04/2024	  	 	275,394.80	 	  	 	2,518,771.02	 
	 	16	 	  	29/07/2024	  	 	276,280.89	 	  	 	2,242,490.13	 
	 	17	 	  	29/10/2024	  	 	277,169.82	 	  	 	1,965,320.31	 
	 	18	 	  	29/01/2025	  	 	278,061.61	 	  	 	1,687,258.70	 
	 	19	 	  	29/04/2025	  	 	278,956.28	 	  	 	1,408,302.42	 
	 	20	 	  	29/07/2025	  	 	279,853.82	 	  	 	1,128,448.60	 
	 	21	 	  	29/10/2025	  	 	280,754.25	 	  	 	847,694.35	 
	 	22	 	  	29/01/2026	  	 	281,657.58	 	  	 	566,036.77	 
	 	23	 	  	29/04/2026	  	 	282,563.81	 	  	 	283,472.96	 
	 	24	 	  	29/07/2026	  	 	283,472.96	 	  	 	0.00	 

 Annex B 

FINANCIAL PARAMETERS 
 to be
applied to the 2020, 2021, 2022 consolidated financial statements: 
  

	 	a)	 net financial position / equity ratio: 

31/12/2020 <=3.50 
 31/12/2021
<=1.30 
 31/12/2022 <=1.00 
  

	 	b)	 Net financial position / gross operating income ratio: 

31/12/2020 <=4.00 
 31/12/2021
<=2.00 
 31/12/2022 <=1.50 
 For the
purposes of the above, the following definitions apply:  
 a. NET FINANCIAL POSITION / EQUITY 

Net Financial Position (NFP) 
 This is the sum of the
amounts of the balance sheet items, Liabilities section, 
 as set out by Article 2424 of the Italian Civil Code and identified by letter D (payables) under
numbers 1 (bonds), 2 (convertible bonds), 3 (payables to shareholders for loans), 4 (payables to banks), 5 (payables to other lenders), 9 (payables to subsidiaries), 10 (payables to affiliated companies), 11 (payables to parent companies), 14 (other
financial payables) from which one must subtract the sum of the amounts of the items in the Assets section identified by letter C (current assets) under numbers III (financial assets not constituting fixed assets) and IV (cash and cash equivalents).

 Shareholders’ Equity (SE) 

This is the sum of the amounts of the balance sheet items, Liabilities section, as set out by Art. 

2424 of the Italian Civil Code and identified by letter A (equity) from which the sum of the amounts of the items, in the Assets sections, identified by
letters A (subscribed capital unpaid); B (fixed assets) under no. III (financial fixed assets) sub No. 4 (own shares); C (working capital) under no. III (current financial assets) sub no. 5 (own shares) must be subtracted. 

b. NET FINANCIAL POSITION / GROSS OPERATING MARGIN 

NET FINANCIAL POSITION (NFP) 
 This is the sum of the
amounts of the balance sheet items, Liabilities section, 
 as set out by Article 2424 of the Italian Civil Code and identified by letter D) (payables)
under numbers 1 (bonds), 2 (convertible bonds), 3 (payables to shareholders for loans), 4 (payables to banks), 5 (payables to other lenders), 9 (payables to subsidiaries), 10 (payables to associated companies), 11 (payables to parent companies), 14
(other payables), from which one must subtract the sum of the amounts of the items in the Assets section identified by letter C) (current assets) under numbers III (financial assets not constituting fixed assets) and IV (cash and cash equivalents).

 GROSS OPERATING MARGIN 
 This is the sum of the
amounts referred to in letter A (value of production) of the income statement pursuant to Article 2425 of the Italian Civil Code, items 1 (revenues from sales and services), 2 (changes in inventories of work in progress, semi-finished and finished
products), 3 (changes in contract work in progress) and 4 (increases in fixed assets for internal work) from which the sum of the amounts referred to in letter B (production costs) items 6 (costs for raw materials), 7 (costs for services), 8 (costs
for use of third party assets), 9 (personnel costs) and 11 (changes in inventories of raw, ancillary and consumable materials, goods) must be subtracted. 

The overrun of any financial commitment will give our Institution the possibility/right to increase the margin of the operation by 50 bps after verifying that
the cost of the operation, including the guarantee commissions, where due, remains lower than the cost that would have been required for operations with the same characteristics without a public guarantee (limit established by Decree Law 23 of
08/04/2020).

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