Document:

Second Amended and Restated Employment Agreement - Clarissa Cerda

 Exhibit 10.4 
 LIFELOCK, INC. 
 SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is
made and entered into as of the 14th day of September,
2012 (“Effective Date”) by and between LIFELOCK, INC., a Delaware corporation (the “Company”), and CLARISSA CERDA, ESQ. (the “Executive”). 

RECITALS 

WHEREAS, the Company and the Executive are parties to that certain Amended and Restated Employment Agreement, dated as of
May 11, 2011 (the “Prior Agreement”); and 
 WHEREAS, the Company and the Executive desire to enter
into this Agreement to amend, restate, and supersede the Prior Agreement; and 
 WHEREAS, the Company desires to continue
to employ the Executive and the Executive desires to continue to be employed by the Company, upon the terms and conditions set forth in this Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and
mutual covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and the Executive hereby agree as follows: 

1. Employment. 
 1.1 Employment and Term. The Company hereby agrees to continue to employ the Executive, and the Executive hereby agrees to continue to serve the Company, on the terms and conditions set forth
herein. The Executive understands and agrees that employment with the Company and under this Agreement is “at will.” The Executive’s employment may be terminated by the Company with or without Cause (as hereinafter defined), with or
without notice, and without resort to any specific disciplinary procedure or process at any time, subject to the provisions of Section 3 herein, and the Executive may resign or otherwise terminate her employment with the Company at any
time, with or without any reason, and with or without notice, except as otherwise may be required by Section 3.5 of this Agreement. 
 1.2 Duties of the Executive. The Executive shall serve as the Executive Vice President, Chief Legal Officer, and Secretary of the Company, shall diligently perform all services as may be reasonably
assigned to her by the Company’s Board of Directors (the “Board”) and the Company’s Chief Executive Officer (the “CEO”), and shall exercise such power and authority as may from time to time be delegated to
her by the Board or the CEO. During her employment, the Executive shall devote substantially all her working time and attention to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled),
render such services to the best of her ability, and use her reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive, and the Executive shall be permitted, to (a) serve on
corporate, civic, or charitable boards or committees; provided, however, that other than any such boards or committees that the Executive serves on as of the Effective Date, the Executive shall not serve on any such boards or
committees without the prior approval of the Company, which approval shall not be unreasonably withheld; (b) deliver lectures, fulfill speaking engagements, or teach at educational institutions; and (c) manage personal investments, in each
case as long as such activities do not significantly interfere with the performance of the Executive’s responsibilities as an employee of the Company in accordance with this Agreement. 

  
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 1.3 Place of Performance. In connection with her employment by the Company, the
Executive shall be based at the Company’s principal executive offices in Tempe, Arizona. 
 2. Compensation.

 2.1 Base Salary. Effective as of September 16, 2012, the Executive shall receive a base salary at the monthly
rate of $25,833.33 (the “Base Salary”), which is $310,000.00 on an annualized basis, during the term of this Agreement, with such Base Salary payable in installments consistent with the Company’s normal payroll schedule (but
not less frequently than monthly), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board (or any authorized committee
thereof), be increased at any time or from time to time. Such Base Salary as increased shall be considered the “Base Salary.” 
 2.2 Incentive Compensation. In the sole discretion of the Board (or any authorized committee thereof), the Executive may be entitled to receive a target annual bonus payment of 50% of the Base
Salary. Incentive compensation shall not be prorated for any year during the Executive’s employment with the Company, including any calendar year in which the Executive’s employment ends prior to December 31st of the applicable year. Any incentive compensation payable for a
calendar year shall be paid to the Executive after the end of the year in accordance with the Company’s bonus plan, but in no event later than March 15th. 
 2.3 Stock-Based Compensation. The Executive may receive stock-based compensation awards, with the amount of such awards granted and the terms and conditions thereof, subject to
Section 6.2 hereof, to be determined from time to time by and in the sole discretion of the Board (or any authorized committee thereof). 
 2.4 Expense Reimbursement. During the term of the Executive’s employment with the Company hereunder, upon the submission of reasonable and satisfactory supporting documentation by the
Executive consistent with the expense reimbursement policy of the Company, the Company shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of the Company,
including, without limitation, expenses related to travel and entertainment and professional dues and fees (including but not limited to any required annual membership renewal fees payable to the State Bar of Arizona or any other state in which
Executive is presently licensed or may become licensed to practice law). Except as expressly provided otherwise herein, no reimbursement payable to the Executive pursuant to any provision of this Agreement or pursuant to any plan or arrangement of
the Company shall be paid later than the last day of the calendar year following the calendar year in which the related expense was incurred, and no such reimbursement during any calendar year shall affect the amounts eligible for reimbursement in
any other calendar year, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A (“Section 409A”) of the Internal
Revenue Code of 1986, as amended (the “Code”). 
 2.5 Welfare Benefit Plans. During the term of the
Executive’s employment with the Company hereunder, the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under those welfare benefit plans, practices,
policies, and programs provided by the Company (including, without limitation, medical, prescription, dental, vision, disability, salary continuance, employee life, group life, accidental death, and travel accident insurance plans and programs), at
least as favorable as the most favorable of such plans, practices, policies, and programs in effect at any time hereafter with respect to other key executives of the Company. 

  
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 2.6 Vacation. During the term of the Executive’s employment with the Company
hereunder, the Executive shall be entitled to vacation benefits in accordance with the Company’s policies and practices for paid vacation applicable to its employees. 
 2.7 Continuing Legal Education. In order to permit the Executive to comply with her continuing legal education requirement under the applicable rules of the state(s) in which she is licensed to
practice law, the Company shall reimburse reasonable pre-approved expenses incurred by the Executive for the purpose of attending continuing legal education programs related to the Executive’s practice of law, which expenses shall include the
cost of attending any such programs as well as any travel and other expenses incurred in attending any such programs. The Executive shall use her best efforts to obtain any and all continuing legal education credit on-line or within Maricopa County,
Arizona. 
 2.8 Professional Liability Insurance. Should the Company, in its sole and exclusive discretion, determine
that it wishes to obtain and maintain professional liability (malpractice) insurance relating to the Executive’s services, which the Executive agrees and acknowledges is not required under Arizona law, the Company shall pay 100% of all premiums
or other payments required to acquire, maintain coverage, or administer such professional liability insurance. The Executive agrees to cooperate with and assist the Company in obtaining, maintaining, and keeping this coverage in effect. 

2.9 Indemnification and D&O Insurance. 
 (a) The Company and the Executive have previously entered into an indemnification agreement pursuant to which the Company has agreed to indemnify and hold harmless the Executive to the fullest extent
permissible by law. 
 (b) The Company shall assure that the Executive is covered under the Company’s director and officer
liability insurance to the maximum extent of the coverage available for any officer of the Company. 
 3. Termination.

 3.1 Termination for Cause. Notwithstanding anything contained in this Agreement to the contrary, this Agreement and the
Executive’s employment hereunder may be terminated by the Company for Cause. As used in this Agreement, “Cause” shall mean (a) an act or acts of personal dishonesty, fraud, or embezzlement by the Executive; (b) violation by
the Executive of the Executive’s obligations under this Agreement which are demonstrably willful and deliberate on the Executive’s part and which are not remedied in a reasonable period of time after receipt of written notice from the
Company; (c) any willful or deliberate refusal to follow the requests or instructions of the Board or the CEO and which are not remedied in a reasonable period of time after receipt of written notice from the Company, unless Executive
reasonably believes that applicable law or professional ethical obligations prohibit her from following such request or instruction; (d) the conviction of the Executive for any criminal act that is a felony or that is a crime involving acts of
personal dishonesty causing material harm to the standing and reputation of the Company; or (e) the loss, revocation, or suspension of the Executive’s license to practice law in any state in which the Executive is presently or may in the
future be licensed to practice, other than short-term suspension for non-payment of license fees or other similar procedural reasons or the Executive’s voluntary withdrawal of the Executive’s license to practice law in any state. Any
termination for Cause shall be made in writing to the Executive, which notice shall set 

  
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forth in detail all acts or omissions upon which the Company is relying for such termination. Upon any termination pursuant to this Section 3.1, the Executive shall be entitled to be
paid her Base Salary through the date of termination within ten days after such termination (or on such earlier date as may be required by applicable law) and the Company shall have no further liability hereunder (other than for reimbursement for
reasonable business expenses incurred prior to the date of termination and any rights the Executive and/or the Executive’s family may have under the terms of the welfare benefit plans described in Section 2.5). 

3.2 Disability. Notwithstanding anything contained in this Agreement to the contrary, the Company, by written notice to the
Executive, shall at all times have the right to terminate this Agreement and the Executive’s employment hereunder if the Executive shall, as the result of mental or physical incapacity, illness, or disability, fail to perform her duties and
responsibilities provided for herein for a period of more than 90 consecutive days in any 12-month period. Upon any termination pursuant to this Section 3.2, the Executive shall be entitled to be paid her Base Salary through the date of
termination within ten days after such termination (or on such earlier date as may be required by applicable law) and the Company shall have no further liability hereunder (other than for reimbursement for reasonable business expenses incurred prior
to the date of termination and any rights the Executive and/or the Executive’s family may have under the terms of the welfare benefit plans described in Section 2.5). 

3.3 Death. In the event of the death of the Executive during the term of her employment hereunder, the Company shall pay to the
estate of the deceased Executive an amount equal to any unpaid amounts of her Base Salary through the date of her death within ten days after her death (or on such earlier date as may be required by applicable law) and the Company shall have no
further liability hereunder (other than for reimbursement for reasonable business expenses incurred prior to the date of the Executive’s death and any rights the Executive and/or the Executive’s family may have under the terms of the
welfare benefit plans described in Section 2.5). 
 3.4 Termination Without Cause. At any time the Company
shall have the right to terminate this Agreement and the Executive’s employment hereunder without Cause by written notice to the Executive; provided, however, that the Company shall (a) pay to the Executive any unpaid Base
Salary accrued through the effective date of termination specified in such notice within ten days after such termination (or on such earlier date as may be required by applicable law), and (b) subject to the execution by the Executive of a
release agreement containing standard terms in the form attached hereto as Exhibit A, pay to the Executive, in monthly installments consistent with the Company’s normal payroll schedule during the 12-month period following termination,
subject to applicable withholding and other taxes, an amount equal to 12 months of the Executive’s Base Salary at the time of termination, plus an amount equal to the COBRA premiums necessary to permit the Executive to continue group insurance
coverage under the Company’s plans for a period of 12 months. The Company shall be deemed to have terminated the Executive’s employment pursuant to this Section 3.4 if such employment is terminated by the Company without Cause.
The Company also shall reimburse the Executive’s reasonable business expenses incurred prior to the date of termination pursuant to this Section 3.4. Payments under subparagraph (b) above shall be treated as a series of
separate payments under Treasury Regulation Section 1.409A-2(b)(2)(iii), are subject to required tax and other withholdings, and shall be conditioned upon the Executive’s execution of a general release of claims that becomes irrevocable
within 60 days of the Executive’s termination date. Any payments due to the Executive under subparagraph (b) above shall be forfeited if the Executive fails to execute a general release of claims that becomes irrevocable within 60 days
after the Executive’s termination date. If the foregoing release is executed and delivered and no longer subject to revocation within 60 days after the termination date, then the following shall apply: 

  
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 (i) To the extent any payments due to the Executive under subparagraph (b) above are
not “deferred compensation” for purposes of Section 409A, then such payments shall commence upon the first scheduled payment date immediately after the date the release is executed and no longer subject to revocation (the
“Release Effective Date”). The first such cash payment shall include payment of all amounts that otherwise would have been due prior to the Release Effective Date under the terms of this Agreement had such payments commenced
immediately upon the termination date, and any payments made thereafter shall continue as provided herein. The delayed payments shall in any event expire at the time such payments would have expired had such payments commenced immediately following
the termination date. 
 (ii) To the extent any payments due to the Executive under subparagraph
(b) above are “deferred compensation” for purposes of Section 409A, then such payments shall commence upon the 60th day following the termination date. The first such cash payment shall include payment of all amounts that otherwise
would have been due prior thereto under the terms of this Agreement had such payments commenced immediately upon the termination date, and any payments made thereafter shall continue as provided herein. The delayed payments shall in any event expire
at the time such payments would have expired had such payments commenced immediately following the termination date. 
 3.5
Termination by the Executive as a Result of a Constructive Termination. This Agreement and the Executive’s employment hereunder may be terminated at any time by the Executive as a result of a Constructive Termination (as hereinafter
defined), upon written notice to the Company. In such event, the Executive’s termination shall be treated as if the Executive’s employment had been terminated by the Company without Cause pursuant to Section 3.4. For purposes
of this Agreement, “Constructive Termination” shall mean: (a) the Company’s material breach of any of the material terms and conditions required to be complied with by the Company pursuant to this Agreement; (b) a material
diminution in the Executive’s title, duties, or responsibilities by the Board or the CEO to a level below the Executive’s titles, duties, or responsibilities in effect immediately prior to such change (provided, however that if following
an acquisition of the Company and conversion of the Company into a subsidiary, division, or unit of the acquirer, whether or not such subsidiary, division, or unit is itself publicly traded, the Executive is the Executive Vice President, Chief Legal
Officer, and Secretary of such subsidiary, division, or unit of the acquirer, then the consummation of such acquisition and conversion will not by itself be deemed a material diminution in the Executive’s title, duties, or responsibilities for
purposes of this subsection); or (c) a relocation by the Company of the Executive’s principal work site to a facility or location more than 50 miles from the place of performance specified in Section 1.3 of this Agreement;
provided, however, that with respect to (a), (b), and (c) above, the Executive shall first be required to provide the Company written notice of any such event which the Executive contends constitutes a Constructive Termination
within 90 days of the first occurrence of such alleged event and/or breach, and thereafter provide the Company a reasonable opportunity (not to exceed 30 days) to cure such event and/or breach and provided further that the Executive’s
employment shall terminate no later than the date that is 90 days following the end of the cure period described above. 
 3.6
Specified Employee. Notwithstanding any provision of this Agreement to the contrary, if the Executive is a “specified employee” as defined in Section 409A, solely to the extent required to avoid the imposition of additional
taxes on the Executive under Section 409A, the Executive shall not be entitled to any payments or benefits the right to which provides for a “deferral of compensation” within the meaning of Section 409A, and whose payment or
provision is triggered by the Executive’s termination of employment (whether such payments or benefits are provided to the Executive under this Agreement or under any other plan, program, or arrangement of the Company), until (and any portion
or installments of any payments or benefits suspended hereby shall be paid in a lump sum on) the earlier of (a) the date which is the first business day following the six-month anniversary of the Executive’s “separation from
service” (within the meaning of Section 409A) for any reason other than 

  
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death, or (b) the Executive’s date of death, and such payments or benefits that, if not for the six month delay described herein, would be due and payable prior to such date shall be
made or provided to the Executive on such date. The Company shall make the determination as to whether the Executive is a “specified employee” in good faith in accordance with its general procedures adopted in accordance with
Section 409A and, at the time of the Executive’s “separation of service” will notify the Executive whether or not she is a “specified employee.” In the event the Executive becomes subject to taxes or penalties arising
under Section 409A solely because of the Company’s decision to implement the six month delay set forth above, the Company shall indemnify the Executive for all such Section 409A taxes and penalties actually paid by the Executive.

 3.7 Potential Section 280G Reductions. 
 (a) Notwithstanding anything in this Agreement to the contrary, in the event that it shall be determined that any payment, distribution, or other action by the Company to or for the benefit of the
Executive (whether paid or payable or distributed or distributable pursuant to the terms of the Agreement or otherwise (a “Payment”)) would result in an “excess parachute payment” within the meaning of
Section 280G(b)(i) of the Code, and the value determined in accordance with Section 280G(d)(4) of the Code of the Payments, net of all taxes imposed on the Executive (the “Net After-Tax Amount”), that the Executive would
receive would be increased if the Payments were reduced, then the Payments shall be reduced by an amount (the “Reduction Amount”) so that the Net After-Tax Amount after such reduction is greatest. For purposes of determining the Net
After-Tax Amount, the Executive shall be deemed to (i) pay federal income taxes at the highest marginal rates of federal income taxation for the calendar year in which the Payment is to be made, and (ii) pay applicable state and local
income taxes at the highest marginal rate of taxation for the calendar year in which the Payment is to be made, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes. 

(b) Subject to the provisions of this Section 3.7(b), all determinations required to be made under this
Section 3.7, including the Net After-Tax Amount, the Reduction Amount, and the Payment that is to be reduced pursuant to Section 3.7(a), and the assumptions to be utilized in arriving at such determinations, shall be made by
Ernst & Young LLP (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days of the receipt of notice from the Executive that there has been a
Payment, or such earlier time as is requested by the Company. The Accounting Firm’s decision as to which Payments are to be reduced shall be made (i) only from Payments that the Accounting Firm determines reasonably may be characterized as
“parachute payments” under Section 280G of the Code; (ii) first, only from Payments that are required to be made in cash and then, if and only to the extent consented to by the Executive, by not vesting stock options;
(iii) only with respect to any amounts that are not payable pursuant to a “nonqualified deferred compensation plan” subject to Section 409A, until those payments have been reduced to zero; and (iv) in reverse chronological
order, to the extent that any Payments subject to reduction are made over time (e.g., in installments). In no event, however, shall any Payments be reduced if and to the extent such reduction would cause a violation of Section 409A or other
applicable law. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. 

4. Employment-Related Covenants. 
 4.1 Definitions. 
 (a) For purposes of this Section 4, the term
“Confidential Information” means information (including information created by the Executive) that is not generally known about the 

  
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Company or its business, including, without limitation, about its Creations (as hereinafter defined), products, projects, designs, developmental or experimental work, schematics, data bases,
know-how, processes, formulas, customers, business partners, suppliers, business plans, marketing plans and strategies, finances, drawings or documentation on pending patent filings, or hybrid designs on concepts conceived, and information obtained
from third parties under confidentiality agreements. 
 (b) For purposes of this Section 4, the term
“Creation” means any invention, discovery, idea, concept, design, program, process, method, apparatus, machine, composition of matter, formulation, biological or chemical material, work of authorship, development or improvement,
modification or addition thereto (whether or not subject to copyright or patent protection and whether or not reduced to practice by the Executive): (i) relating to any past, present, or reasonably anticipated business of the Company and which
is or was created or otherwise developed during the Executive’s employment with the Company; (ii) which is or was created or otherwise developed while performing work for the Company; or (iii) which is or was created or otherwise
developed at any time using equipment, supplies, facilities, information, or proprietary rights or other property of the Company. 
 4.2 Nondisclosure. During her employment and at all times thereafter, Executive shall not divulge, communicate, use to the detriment of the Company or for the benefit of any other person or
persons, or misuse in any way, any Confidential Information pertaining to the business of the Company; except to the extent (i) reasonably necessary for the Executive to perform her duties and ethical obligations as General Counsel and
Secretary of the Company or (ii) required by law or order of a court or governmental agency of competent jurisdiction. Any Confidential Information or data now or hereafter acquired by the Executive with respect to the business of the Company
shall be deemed a valuable, special, and unique asset of the Company that is received by the Executive in confidence and as a fiduciary, and Executive shall remain at all times a fiduciary to the Company with respect to all of such information.

 4.3 Nonsolicitation of Employees. During the Executive’s employment with the Company, and for a period of 18
months after Executive’s termination of employment, resignation, or abandonment of employment, or, in the alternative, in the event any reviewing court finds 18 months to be overbroad in duration and unenforceable, for a period of 12 months
after Executive’s termination of employment, resignation, or abandonment of employment, or, in the alternative, in the event any reviewing court finds 12 months to be overbroad in duration and unenforceable, for a period of nine (9) months
after Executive’s termination of employment, resignation, or abandonment of employment, or, in the alternative, in the event any reviewing court finds nine (9) months to be overbroad in duration and unenforceable, for a period of six
(6) months after Executive’s termination of employment, resignation, or abandonment of employment, Executive shall not, alone or with others, directly or indirectly, solicit for employment, hire, or employ, or assist any other entity or
person in soliciting for employment, hiring, or employment, any employee or contractor who is or who is hereafter employed or engaged by the Company. 
 4.4 Non-Disparagement. During her employment and thereafter, Executive and the Company, each agrees that she/it will not make any disparaging statements to current, former, or prospective Company
customers, contractors, vendors, or employees, to any member of the press or media, or to any other person about the other party. For purposes of this Section 4.4, a disparaging statement is any communication, oral or written, which
would cause or tend to cause the recipient of the communication to question the business condition, integrity, competence, fairness, or good character of the person to whom or entity to which the communication relates. 

4.5 Injunction. It is recognized and hereby acknowledged by the parties hereto that a breach by the Executive of any of the
covenants contained in Sections 4.2, 4.3, or 4.4 of this Agreement 

  
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will cause irreparable harm and damage to the Company, the monetary amount of which may be virtually impossible to ascertain. As a result, the Executive recognizes and hereby acknowledges that
the Company shall be entitled to an injunction from any court of competent jurisdiction enjoining and restraining any violation of any or all of the covenants contained in this Section 4 by the Executive or any of her affiliates,
associates, partners, or agents, either directly or indirectly, and that such right to injunction shall be cumulative and in addition to whatever other remedies the Company may possess. 

4.6 Restrictions Separable. Each and every restriction set forth in this Section 4 is independent and severable from
the others, and no such restriction shall be rendered unenforceable by virtue of the fact that, for any reason, any other or others of them may be unenforceable in whole or in part. In furtherance and limiting the foregoing, the Executive
acknowledges the restrictions herein are reasonable and that to the extent a court may remove such restrictions or modifies the scope, the Executive agrees the provisions herein shall be interpreted to be enforceable to the maximum extent allowed
under applicable law. 
 4.7 Rules of Professional Conduct. In addition to the provisions set forth above in
Section 4, Executive also acknowledges and agrees that an attorney-client relationship will exist between Executive and the Company, and that during her employment and at all times thereafter, Executive will comply with those ethical
obligations imposed by the professional conduct rules of any state in which Executive is or may become licensed to practice law to maintain the confidentiality of information provided to her by the Company in connection with the performance of her
duties and responsibilities as General Counsel of the Company. 
 5. Dispute Resolution. If the parties should have a
dispute arising out of or relating to this Agreement, the parties’ respective rights and duties hereunder, or any aspect of the Executive’s employment with the Company, then the parties will resolve such dispute in the manner set forth in
this Section 5. For purposes of this Section 5, references to the “Company” include all parent, subsidiary, or related entities and their executives, supervisors, officers, directors, agents, pension or benefit
plans, pension or benefit plan sponsors, fiduciaries, administrators, affiliates, and all successors and assigns of any of them, and this Agreement shall apply to them to the extent the Executive’s claims arise out of or relate to their actions
on behalf of the Company. 
 5.1 Mediation. Either party may at any time deliver to the other a written dispute notice
setting forth a brief description of the issue for which such notice initiates the dispute resolution mechanism contemplated by this Section 5. During the 30-day period following the delivery of such notice, appropriate representatives
of the parties will meet and seek to resolve the disputed issue through mediation. The parties shall select a mediator mutually acceptable to both parties. The Company shall pay the mediator’s fee in connection with any mediation conducted in
accordance with this Section 5.1. 
 5.2 Arbitration. If representatives of the parties are unable to resolve
the disputed issue through mediation, then within 10 days after the period described in Section 5.1 above, the parties will refer the issue to arbitration. The arbitration shall be conducted in Phoenix, Arizona by a single neutral
arbitrator and in accordance with the then current rules for resolution of employment disputes of the American Arbitration Association. The parties are entitled to representation by an attorney or other representative of their choosing. The
arbitrator shall have the power to enter any award that could be entered by a judge of the trial court of the state of Arizona, and only such power, and shall follow the law. The parties agree to abide by and perform any award rendered by the
arbitrator. The arbitrator shall issue the award in writing and therein state the essential findings and conclusions on which the award is based. Judgment on the award may be entered in any court having jurisdiction thereof. All expenses of
arbitration shall be split equally by the Company and the Executive unless applicable law requires otherwise with respect to the payment of arbitration expenses. 

  
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 5.3 Adjudication. Either party is entitled to seek from any court having jurisdiction
any interim or provisional relief that is necessary to protect the rights or property of that party and such claims shall not be subject to the dispute resolution procedures set forth in this Section 5. The interim or provisional relief
is to remain in effect until the arbitration award is rendered or the controversy is otherwise resolved. By doing so, the party does not waive any right or remedy under this Agreement. The parties are entitled to seek judgment on the award in any
court having jurisdiction thereof. 
 6. Equity Acceleration. 

6.1 Amendment to Stock Option Agreements. Section 10 of each of (a) that certain Non-Qualified Stock Option Agreement,
dated as of May 15, 2009, by and between the Company and the Executive, (b) that certain Non-Qualified Stock Option Agreement, dated as of August 7, 2009, by and between the Company and the Executive, and (c) that certain
Non-Qualified Stock Option Agreement, dated as of March 29, 2012, by and between the Company and the Executive, shall be amended and restated in its entirety to read as follows: 

10. Acceleration of Exercisability of Option. Notwithstanding anything to the contrary in this Agreement,
including, without limitation, the forfeiture provision contained in the last sentence of Section 3 hereof, in the event that (a) there is a “Change in Control” (as defined in Section 9 of the Plan) that occurs prior
to the termination of the Option pursuant to Section 6 hereof, and (b) during the period beginning 2 months prior to such Change in Control and ending 12 months following such Change in Control, either (x) the Company
terminates the Optionee’s employment without Cause, or (y) the Optionee terminates her employment due to a “Constructive Termination” (as defined in that certain Second Amended and Restated Employment Agreement, dated as of
September 14, 2012, by and between the Company and the Optionee, or in any superseding employment, consulting, or other agreement for the performance of services between the Company and the Optionee), then the Option shall be accelerated so
that 100% of the number of Shares subject to the Option not already vested pursuant to Section 3 hereof as of the date of such termination shall become vested and immediately exercisable. 

6.2 Future Equity Awards. All future equity awards subject to time-based vesting (including those equity awards that have
performance criteria that have been satisfied) made by the Company to the Executive shall contain a provision for the acceleration of vesting substantially similar to the acceleration of vesting provision set forth in Section 10 of the stock
option agreements between the Company and the Executive referenced in Section 6.1. 
 7. Miscellaneous.

 7.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of
Arizona, excluding that body of law relating to conflict of laws. In any action between any of the parties arising out of or relating to this Agreement, each of the parties irrevocably and unconditionally consents and submits to the exclusive
jurisdiction and venue of the state and federal courts located in Arizona. 

  
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 7.2 Notices. Any notice required or permitted to be given under this Agreement shall
be in writing and shall be deemed to have been given when delivered by hand or when deposited in the United States mail, by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

 

			
	If to the Company:	  	LifeLock, Inc.
		  	Attn: Chief Executive Officer
		  	60 East Rio Salado Parkway
		  	Suite 400
		  	Tempe, Arizona 85281
		
	with a copy to:	  	Greenberg Traurig
		  	Attn: Robert S. Kant, Esq.
		  	2375 East Camelback Road
		  	Suite 700
		  	Phoenix, Arizona 85016
		
	If to the Executive:	  	LifeLock, Inc.
		  	Attn: Clarissa Cerda, Esq.
		  	60 East Rio Salado Parkway
		  	Suite 400
		  	Tempe, Arizona 85281
		
	with a copy to:	  	Clarissa Cerda, Esq.
		  	at Executive’s most current home address on file

 or to such other addresses as either party hereto may from time to time give notice of to the other in the aforesaid
manner. 
 7.3 Successors. 
 (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. 

(b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 

7.4 Severability. The invalidity of any one or more of the words, phrases, sentences, clauses, or sections contained in this
Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof, all of which are inserted conditionally on their being valid in law, and, in the event that any one or more of the words, phrases,
sentences, clauses, or sections contained in this Agreement shall be declared invalid, this Agreement shall be construed as if such invalid word or words, phrase or phrases, sentence or sentences, clause or clauses, or section or sections had not
been inserted. 
 7.5 Waivers. The waiver by either party hereto of a breach or violation of any term or provision of
this Agreement shall not operate nor be construed as a waiver of any subsequent breach or violation. 
 7.6 Damages.
Nothing contained herein shall be construed to prevent the Company or the Executive from seeking and recovering from the other party damages sustained by either or both of them as a result of its or her breach of any term or provision of this
Agreement. 

  
 10 

 7.7 No Third Party Beneficiary. Nothing expressed or implied in this Agreement is
intended, or shall be construed, to confer upon or give any person (other than the parties hereto and, in the case of the Executive, her heirs, personal representative(s), and/or legal representative) any rights or remedies under or by reason of
this Agreement. 
 7.8 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of the parties reflected hereon as the signatories. 
 7.9 Entire
Agreement. This Agreement amends, restates, and supersedes in its entirety the provisions of the Prior Agreement; provided, however, that nothing herein shall adversely effect the compensation, stock awards, and other benefits
heretofore paid, granted, or otherwise provided by the Company to the Executive prior to the date hereof. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior
and contemporaneous agreements and understandings, inducements, and conditions, express or implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance and/or usage of the trade
inconsistent with any of the terms hereof. This Agreement may not be modified or amended other than by an agreement in writing signed by both parties hereto. 
 7.10 Paragraph Headings. The paragraph headings in this Agreement are for convenience only; they form no part of this Agreement and shall not affect its interpretation. 

7.11 Gender. Words used herein, regardless of the number and gender specifically used, shall be deemed and construed to include
any other number, singular or plural, and any other gender, masculine, feminine, or neuter, as the context requires. 
 7.12
Executive’s Beneficiaries. In the event the Executive dies during the term of this Agreement, any amounts remaining to be paid to the Executive shall be paid to the beneficiary designated by the Executive or, if none, to the
Executive’s estate at the same time that they would have been paid to the Executive. 
 7.13 Section 409A. This
Agreement is intended to satisfy the requirements of Section 409A with respect to amounts subject thereto, and shall be interpreted and construed consistent with such intent; provided that, notwithstanding the other provisions of this
subsection and the paragraph above entitled “Specified Employee,” with respect to any right to a payment or benefit hereunder (or portion thereof) that does not otherwise provide for a “deferral of compensation” within the
meaning of Section 409A, it is the intent of the parties that such payment or benefit will not so provide. Furthermore, if either party notifies the other in writing that, based on the advice of legal counsel, one or more of the provisions of
this Agreement contravenes any regulations or Treasury guidance promulgated under Section 409A or causes any amounts to be subject to interest or penalties under Section 409A, the parties shall promptly and reasonably consult with each
other (and with their legal counsel), and shall use their reasonable best efforts, to reform the provisions hereof to (a) maintain to the maximum extent practicable the original intent of the applicable provisions without violating the
provisions of Section 409A or increasing the costs to the Company of providing the applicable benefit or payment, and (b) to the extent practicable, to avoid the imposition of any tax, interest, or other penalties under Section 409A
upon the Executive or the Company. Any payments described herein that are payable upon a termination of employment will only be paid if such termination constitutes a “separation for service” within the meaning of Section 409A.

  
 11 

 IN WITNESS WHEREOF, the undersigned have executed this Second Amended and Restated
Employment Agreement as of the date first above written. 
  

			
	THE COMPANY:
	
	LIFELOCK, INC.
		
	By:	 	 /s/ Todd Davis

		 	Todd Davis, Chairman and Chief Executive Officer
	
	THE EXECUTIVE:
	
	 /s/ Clarissa Cerda

	CLARISSA CERDA, ESQ.

 SIGNATURE PAGE TO SECOND AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT — CLARISSA CERDASecond Amended and Restated Employment Agreement - Marvin Davis

 Exhibit 10.5 
 LIFELOCK, INC. 
 SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the
“Agreement”) is made and entered into as of the 14th day of September, 2012 (the “Effective Date”) by and between LIFELOCK, INC., a Delaware corporation (the “Company”), and MARVIN DAVIS
(“Executive”). 
 RECITALS 
 WHEREAS, the Company and Executive are parties to that certain Amended and Restated Employment Agreement, dated as of May 11, 2011 (the “Prior Agreement”); and 

WHEREAS, the Company and Executive desire to enter into this Agreement to amend, restate, and supersede the Prior Agreement; and

 WHEREAS, the Company desires to continue to employ Executive and Executive desires to continue to be employed by the
Company, upon the terms and conditions set forth in this Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and Executive hereby agree as follows: 
 1. Employment. 
 1.1 Employment and Term. The Company hereby agrees
to continue to employ Executive, and Executive hereby agrees to continue to serve the Company, on the terms and conditions set forth herein. Executive understands and agrees that employment with the Company and under this Agreement is “at
will.” Executive’s employment may be terminated by the Company with or without Cause (as hereinafter defined), with or without notice, and without resort to any specific disciplinary procedure or process at any time, subject to the
provisions of Section 3 herein, and Executive may resign or otherwise terminate his employment with the Company at any time, with or without any reason, and with or without notice, except as otherwise may be required by
Section 3.5 of this Agreement. 
 1.2 Duties of Executive. Executive shall serve as the Chief Marketing
Officer of the Company, shall diligently perform all services as may be reasonably assigned to him by the Company’s Board of Directors (the “Board”) and the Company’s Chief Executive Officer (the “CEO”) or
President, and shall exercise such power and authority as may from time to time be delegated to him by the Board or the CEO or President. During his employment, Executive shall devote his full business time, energy, and ability exclusively to the
business and interests of the Company, shall be physically present at the Company’s offices in Phoenix, Arizona during normal business hours each week (other than permitted vacations and on appropriate business travel for the benefit of the
Company), and shall not, without the Company’s prior written consent, render to others services of any kind for compensation, or engage in any other business activity that would in any way materially interfere with Executive’s performance
of his duties under this Agreement. In his capacity as Chief Marketing Officer, Executive shall do and perform all services, acts, or things necessary or advisable to manage and conduct the business of the Company, subject to the policies and
procedures set by the Company. It shall not be a violation of this Agreement for Executive, and the Executive shall be permitted, to (a) serve on corporate, civic, or charitable boards or committees; provided, however, that other
than any such boards or committees that the Executive 

  
 1 

 
serves on as of the Effective Date, Executive shall not serve on any such boards or committees without the prior approval of the Company, which approval shall not be unreasonably withheld;
(b) deliver lectures, fulfill speaking engagements, or teach at educational institutions; and (c) manage personal investments, in each case as long as such activities do not significantly interfere with the performance of Executive’s
responsibilities as an employee of the Company in accordance with this Agreement. 
 1.3 Place of Performance. In
connection with his employment by the Company, Executive shall be based at the Company’s principal executive offices in Tempe, Arizona. 
 2. Compensation. 
 2.1 Base Salary. Executive shall receive a base
salary at the monthly rate of $24,557.18 (the “Base Salary”), which is $294,686.21 on an annualized basis, during the term of this Agreement, with such Base Salary payable in installments consistent with the Company’s normal
payroll schedule (but not less frequently than monthly), subject to applicable withholding and other taxes. The Base Salary shall be reviewed, at least annually, for merit increases and may, by action and in the sole discretion of the Board (or any
authorized committee thereof), be increased at any time or from time to time. Such Base Salary as increased shall be considered the “Base Salary.” 

2.2 Incentive Compensation. In the sole discretion of the Board (or any authorized committee thereof),
Executive may be entitled to receive a target annual bonus payment of 50% of the Base Salary. Incentive compensation shall not be prorated for any year during Executive’s employment with the Company, including any calendar year in which
Executive’s employment ends prior to
December 31st of the applicable year. Any incentive
compensation payable for a calendar year shall be paid to Executive after the end of the year in accordance with the Company’s bonus plan, but in no event later than March 15th. 
 2.3 Stock-Based Compensation. Executive may receive stock-based compensation awards, with the amount of such awards granted and the terms and conditions thereof, subject to Section 7.2
hereof, to be determined from time to time by and in the sole discretion of the Board (or any authorized committee thereof). 

2.4 Expense Reimbursement. During the term of Executive’s employment with the Company hereunder, upon the submission of
reasonable and satisfactory supporting documentation by Executive consistent with the expense reimbursement policy of the Company, the Company shall reimburse Executive for all reasonable expenses actually paid or incurred by Executive in the course
of and pursuant to the business of the Company, including, without limitation, expenses related to travel and entertainment. Except as expressly provided otherwise herein, no reimbursement payable to Executive pursuant to any provision of this
Agreement or pursuant to any plan or arrangement of the Company shall be paid later than the last day of the calendar year following the calendar year in which the related expense was incurred, and no such reimbursement during any calendar year
shall affect the amounts eligible for reimbursement in any other calendar year, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A
(“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 2.5
Welfare Benefit Plans. During the term of Executive’s employment with the Company hereunder, Executive and/or Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under those
welfare benefit plans, practices, policies, and programs provided by the Company (including, without limitation, medical, prescription, dental, vision, disability, salary continuance, employee life, group life, accidental death, and travel accident
insurance plans and programs), at least as favorable as the most favorable of such plans, practices, policies, and programs in effect at any time hereafter with respect to other key executives of the Company. 

  
 2 

 2.6 Vacation. During the term of Executive’s employment with the Company
hereunder, Executive shall be entitled to vacation benefits in accordance with the Company’s policies and practices for paid vacation applicable to its employees. 
 3. Termination. 
 3.1 Termination for Cause. Notwithstanding anything
contained in this Agreement to the contrary, this Agreement and Executive’s employment hereunder may be terminated by the Company for Cause. As used in this Agreement, “Cause” shall mean (a) an act or acts of personal dishonesty,
fraud, or embezzlement by Executive; (b) violation by Executive of Executive’s obligations under this Agreement or the Proprietary Rights Agreement (as hereinafter defined) that are demonstrably willful and deliberate on Executive’s
part and which are not remedied in a reasonable period of time after receipt of written notice from the Company; (c) any willful or deliberate refusal to follow the requests or instructions of the Board or the CEO or President and which are not
remedied in a reasonable period of time after receipt of written notice from the Company; or (d) the conviction of Executive for any criminal act that is a felony or that is a crime involving acts of personal dishonesty causing material harm to
the standing and reputation of the Company. Any termination for Cause shall be made in writing to Executive, which notice shall set forth in detail all acts or omissions upon which the Company is relying for such termination. Upon any termination
pursuant to this Section 3.1, Executive shall be entitled to be paid his Base Salary through the date of termination within ten days after such termination (or on such earlier date as may be required by applicable law) and the Company
shall have no further liability hereunder (other than for reimbursement for reasonable business expenses incurred prior to the date of termination and any rights the Executive and/or the Executive’s family may have under the terms of the
welfare benefit plans described in Section 2.5). 
 3.2 Disability. Notwithstanding anything contained in
this Agreement to the contrary, the Company, by written notice to Executive, shall at all times have the right to terminate this Agreement and Executive’s employment hereunder if Executive shall, as the result of mental or physical incapacity,
illness, or disability, fail to perform his duties and responsibilities provided for herein for a period of more than 90 consecutive days in any 12-month period. Upon any termination pursuant to this Section 3.2, Executive shall be
entitled to be paid his Base Salary through the date of termination within ten days after such termination (or on such earlier date as may be required by applicable law) and the Company shall have no further liability hereunder (other than for
reimbursement for reasonable business expenses incurred prior to the date of termination and any rights the Executive and/or the Executive’s family may have under the terms of the welfare benefit plans described in Section 2.5).

 3.3 Death. In the event of the death of Executive during the term of his employment hereunder, the Company shall pay
to the estate of the deceased Executive an amount equal to any unpaid amounts of his Base Salary through the date of his death within ten days after his death (or on such earlier date as may be required by applicable law) and the Company shall have
no further liability hereunder (other than for reimbursement for reasonable business expenses incurred prior to the date of the Executive’s death and any rights the Executive and/or the Executive’s family may have under the terms of the
welfare benefit plans described in Section 2.5). 
 3.4 Termination Without Cause. At any time the Company
shall have the right to terminate this Agreement and Executive’s employment hereunder without Cause by written notice to Executive; provided, however, that the Company shall (a) pay to Executive any unpaid Base Salary accrued
through the effective date of termination specified in such notice within ten days after such 

  
 3 

 
termination (or on such earlier date as may be required by applicable law), and (b) subject to the execution by Executive of a release agreement containing standard terms in the form
generally used by the Company, pay to Executive, in monthly installments consistent with the Company’s normal payroll schedule during the 12-month period following termination, subject to applicable withholding and other taxes, an amount equal
to 12 months of Executive’s Base Salary at the time of termination, plus an amount equal to the COBRA premiums necessary to permit Executive to continue group insurance coverage under the Company’s plans for a period of 12 months. The
Company shall be deemed to have terminated Executive’s employment pursuant to this Section 3.4 if such employment is terminated by the Company without Cause. The Company also shall reimburse Executive’s reasonable business
expenses incurred prior to the date of termination pursuant to this Section 3.4. Payments under subparagraph (b) above shall be treated as a series of separate payments under Treasury Regulation Section 1.409A-2(b)(2)(iii), are
subject to required tax and other withholdings, and shall be conditioned upon Executive’s execution of a general release of claims that becomes irrevocable within 60 days of Executive’s termination date. Any payments due to Executive under
subparagraph (b) above shall be forfeited if Executive fails to execute a general release of claims that becomes irrevocable within 60 days after Executive’s termination date. If the foregoing release is executed and delivered and no
longer subject to revocation within 60 days after the termination date, then the following shall apply: 
 (i) To the extent
any payments due to Executive under subparagraph (b) above are not “deferred compensation” for purposes of Section 409A, then such payments shall commence upon the first scheduled payment date immediately after the date the
release is executed and no longer subject to revocation (the “Release Effective Date”). The first such cash payment shall include payment of all amounts that otherwise would have been due prior to the Release Effective Date under
the terms of this Agreement had such payments commenced immediately upon the termination date, and any payments made thereafter shall continue as provided herein. The delayed payments shall in any event expire at the time such payments would have
expired had such payments commenced immediately following the termination date. 
 (ii) To the extent any
payments due to Executive under subparagraph (b) above are “deferred compensation” for purposes of Section 409A, then such payments shall commence upon the 60th day following the termination date. The first such cash payment shall include payment of all amounts that otherwise
would have been due prior thereto under the terms of this Agreement had such payments commenced immediately upon the termination date, and any payments made thereafter shall continue as provided herein. The delayed payments shall in any event expire
at the time such payments would have expired had such payments commenced immediately following the termination date. 
 3.5
Termination by Executive as a Result of a Constructive Termination. This Agreement and Executive’s employment hereunder may be terminated at any time by Executive as a result of a Constructive Termination (as hereinafter defined), upon
written notice to the Company. In such event, Executive’s termination shall be treated as if Executive’s employment had been terminated by the Company without Cause pursuant to Section 3.4. For purposes of this Agreement,
“Constructive Termination” shall mean: (a) the Company’s material breach of any of the material terms and conditions required to be complied with by the Company pursuant to this Agreement; (b) a material diminution in the
Executive’s title, duties, or responsibilities by the Board or the CEO or President to a level below the Executive’s titles, duties, or responsibilities in effect immediately prior to such change (provided, however that if following an
acquisition of the Company and conversion of the Company into a subsidiary, division, or unit of the acquirer, whether or not such subsidiary, division, or unit is itself publicly traded, the Executive is the Chief Marketing Officer of such
subsidiary, division, or unit of the acquirer, then the consummation of such acquisition and conversion will not by itself be deemed a material diminution in the Executive’s title, duties, or responsibilities for purposes of this subsection);
or (c) a relocation by the Company of Executive’s principal work site to a facility or location more than 50 

  
 4 

 
miles from place of performance specified in Section 1.3 of this Agreement; provided, however, that with respect to (a), (b), and (c) above, Executive shall first
be required to provide the Company written notice of any such event which Executive contends constitutes a Constructive Termination within 90 days of the first occurrence of such alleged event and/or breach, and thereafter provide the Company
reasonable opportunity (not to exceed 30 days) to cure such event and/or breach and provided further that the Executive’s employment shall terminate no later than the date that is 90 days following the end of the cure period described above.

 3.6 Specified Employee. Notwithstanding any provision of this Agreement to the contrary, if Executive is a
“specified employee” as defined in Section 409A, solely to the extent required to avoid the imposition of additional taxes on the Executive under Section 409A, Executive shall not be entitled to any payments or benefits the right
to which provides for a “deferral of compensation” within the meaning of Section 409A, and whose payment or provision is triggered by Executive’s termination of employment (whether such payments or benefits are provided to
Executive under this Agreement or under any other plan, program, or arrangement of the Company), until (and any portion or installments of any payments or benefits suspended hereby shall be paid in a lump sum on) the earlier of (a) the date
which is the first business day following the six-month anniversary of Executive’s “separation from service” (within the meaning of Section 409A) for any reason other than death or (b) Executive’s date of death, and
such payments or benefits that, if not for the six month delay described herein, would be due and payable prior to such date shall be made or provided to Executive on such date. The Company shall make the determination as to whether Executive is a
“specified employee” in good faith in accordance with its general procedures adopted in accordance with Section 409A and, at the time of Executive’s “separation of service” will notify Executive whether or not he is a
“specified employee.” In the event Executive becomes subject to taxes or penalties arising under Section 409A solely because of the Company’s decision to implement the six month delay set forth above, the Company shall indemnify
Executive for all such Section 409A taxes and penalties actually paid by Executive. 
 3.7 Potential Section 280G
Reductions. 
 (a) Notwithstanding anything in this Agreement to the contrary, in the event that it shall be determined that
any payment, distribution, or other action by the Company to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of the Agreement or otherwise (a “Payment”)) would result in
an “excess parachute payment” within the meaning of Section 280G(b)(i) of the Code, and the value determined in accordance with Section 280G(d)(4) of the Code of the Payments, net of all taxes imposed on Executive (the
“Net After-Tax Amount”), that Executive would receive would be increased if the Payments were reduced, then the Payments shall be reduced by an amount (the “Reduction Amount”) so that the Net After-Tax Amount after
such reduction is greatest. For purposes of determining the Net After-Tax Amount, Executive shall be deemed to (i) pay federal income taxes at the highest marginal rates of federal income taxation for the calendar year in which the Payment is
to be made, and (ii) pay applicable state and local income taxes at the highest marginal rate of taxation for the calendar year in which the Payment is to be made, net of the maximum reduction in federal income taxes which could be obtained
from deduction of such state and local taxes. 
 (b) Subject to the provisions of this Section 3.7(b), all
determinations required to be made under this Section 3.7, including the Net After-Tax Amount, the Reduction Amount, and the Payment that is to be reduced pursuant to Section 3.7(a), and the assumptions to be utilized in
arriving at such determinations, shall be made by Ernst & Young LLP (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and Executive within 15 business days of the receipt of
notice from Executive that there has been a Payment, or such earlier time as is requested by the Company. The Accounting Firm’s decision as to which Payments are to be reduced 

  
 5 

 
shall be made (i) only from Payments that the Accounting Firm determines reasonably may be characterized as “parachute payments” under Section 280G of the Code;
(ii) first, only from Payments that are required to be made in cash and then, if and only to the extent consented to by Executive, by not vesting stock options; (iii) only with respect to any amounts that are not payable pursuant to a
“nonqualified deferred compensation plan” subject to Section 409A, until those payments have been reduced to zero; and (iv) in reverse chronological order, to the extent that any Payments subject to reduction are made over time
(e.g., in installments). In no event, however, shall any Payments be reduced if and to the extent such reduction would cause a violation of Section 409A or other applicable law. All fees and expenses of the Accounting Firm shall be borne solely
by the Company. Any determination by the Accounting Firm shall be binding upon the Company and Executive. 
 4. Proprietary
Rights and Restrictive Covenant Agreement. Executive hereby reaffirms, acknowledges, and agrees that he is subject to the terms and conditions set forth in that certain Proprietary Rights and Restrictive Covenant Agreement, dated as of
October 28, 2009, by and between the Company and Executive (the “Proprietary Rights Agreement”). 
 5.
Dispute Resolution. If the parties should have a dispute arising out of or relating to this Agreement, the parties’ respective rights and duties hereunder, or any aspect of Executive’s employment with the Company, then the parties
will resolve such dispute in the manner set forth in this Section 5. For purposes of this Section 5, references to the “Company” include all parent, subsidiary, or related entities and their executives, supervisors,
officers, directors, agents, pension or benefit plans, pension or benefit plan sponsors, fiduciaries, administrators, affiliates, and all successors and assigns of any of them, and this Agreement shall apply to them to the extent Executive’s
claims arise out of or relate to their actions on behalf of the Company. 
 5.1 Mediation. Either party may at any time
deliver to the other a written dispute notice setting forth a brief description of the issue for which such notice initiates the dispute resolution mechanism contemplated by this Section 5. During the 30-day period following the delivery
of such notice, appropriate representatives of the parties will meet and seek to resolve the disputed issue through mediation. The parties shall select a mediator mutually acceptable to both parties. The Company shall pay the mediator’s fee in
connection with any mediation conducted in accordance with this Section 5.1. 
 5.2 Arbitration. If
representatives of the parties are unable to resolve the disputed issue through mediation, then within ten days after the period described in Section 5.1 above, the parties will refer the issue to arbitration. The arbitration shall be
conducted in Phoenix, Arizona by a single neutral arbitrator and in accordance with the then current rules for resolution of employment disputes of the American Arbitration Association. The parties are entitled to representation by an attorney or
other representative of their choosing. The arbitrator shall have the power to enter any award that could be entered by a judge of the trial court of the state of Arizona, and only such power, and shall follow the law. The parties agree to abide by
and perform any award rendered by the arbitrator. The arbitrator shall issue the award in writing and therein state the essential findings and conclusions on which the award is based. Judgment on the award may be entered in any court having
jurisdiction thereof. All expenses of arbitration shall be split equally by the Company and Executive unless applicable law requires otherwise with respect to the payment of arbitration expenses. 

5.3 Adjudication. Either party is entitled to seek from any court having jurisdiction any interim or provisional relief that is
necessary to protect the rights or property of that party and such claims shall not be subject to the dispute resolution procedures set forth in this Section 5. The interim or provisional relief is to remain in effect until the
arbitration award is rendered or the controversy is otherwise resolved. By doing so, the party does not waive any right or remedy under this Agreement. The parties are entitled to seek judgment on the award in any court having jurisdiction thereof.

  
 6 

 6. Representations and Warranties of Executive. Executive represents and warrants to
the Company that he has no outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered under it, including, without limitation, any restrictive covenants previously entered into between Executive and
any other entity, which would prevent Executive from performing the duties required of him as Chief Marketing Officer for the Company. 
 7. Equity Acceleration. 
 7.1 Amendment to Stock Option Agreements.
Section 10 of each of (a) that certain Non-Qualified Stock Option Agreement, dated as of October 27, 2009, by and between the Company and Executive, and (b) that certain Non-Qualified Stock Option Agreement, dated as of
March 29, 2012, by and between the Company and the Executive, shall be amended and restated in its entirety to read as follows: 
 10. Acceleration of Exercisability of Option. Notwithstanding anything to the contrary in this Agreement, including, without limitation, the forfeiture provision contained in the last sentence of
Section 3 hereof, in the event that (a) there is a “Change in Control” (as defined in Section 9 of the Plan) that occurs prior to the termination of the Option pursuant to Section 6 hereof, and
(b) during the period beginning 2 months prior to such Change in Control and ending 12 months following such Change in Control, either (x) the Company terminates the Optionee’s employment without Cause, or (y) the Optionee
terminates his employment due to a “Constructive Termination” (as defined in that certain Second Amended and Restated Employment Agreement, dated as of September 14, 2012, by and between the Company and the Optionee, or in any
superseding employment, consulting, or other agreement for the performance of services between the Company and the Optionee), then the Option shall be accelerated so that 100% of the number of Shares subject to the Option not already vested pursuant
to Section 3 hereof as of the date of such termination shall become vested and immediately exercisable. 
 7.2
Future Equity Awards. All future equity awards subject to time-based vesting (including those equity awards that have performance criteria that have been satisfied) made by the Company to the Executive shall contain a provision for the
acceleration of vesting substantially similar to the acceleration of vesting provision set forth in Section 10 of the stock option agreements between the Company and the Executive referenced in Section 7.1. 

8. Miscellaneous. 
 8.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Arizona, excluding that body of law relating to conflict of laws. In any action
between any of the parties arising out of or relating to this Agreement, each of the parties irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the state and federal courts located in Arizona. 

8.2 Notices. Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have
been given when delivered by hand or when deposited in the United States mail, by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

 

			
	If to the Company:	  	LifeLock, Inc.
		  	Attn: Chief Executive Officer
		  	60 East Rio Salado Parkway
		  	Suite 400
		  	Tempe, Arizona 85281

  
 7 

			
		
	with a copy to:	  	Greenberg Traurig
		  	Attn: Robert S. Kant, Esq.
		  	2375 East Camelback Road
		  	Suite 700
		  	Phoenix, Arizona 85016
		
	If to Executive:	  	Marvin Davis
		  	at Executive’s most current home address on file

 or to such other addresses as either party hereto may from time to time give notice of to the other in the aforesaid
manner. 
 8.3 Successors. 
 (a) This Agreement is personal to Executive and without the prior written consent of the Company shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. This
Agreement shall inure to the benefit of and be enforceable by Executive’s legal representatives. 
 (b) This Agreement
shall inure to the benefit of and be binding upon the Company and its successors and assigns. 
 8.4 Severability. The
invalidity of any one or more of the words, phrases, sentences, clauses, or sections contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part thereof, all of which are inserted
conditionally on their being valid in law, and, in the event that any one or more of the words, phrases, sentences, clauses, or sections contained in this Agreement shall be declared invalid, this Agreement shall be construed as if such invalid word
or words, phrase or phrases, sentence or sentences, clause or clauses, or section or sections had not been inserted. 
 8.5
Waivers. The waiver by either party hereto of a breach or violation of any term or provision of this Agreement shall not operate nor be construed as a waiver of any subsequent breach or violation. 

8.6 Damages. Nothing contained herein shall be construed to prevent the Company or Executive from seeking and recovering from the
other party damages sustained by either or both of them as a result of its or his breach of any term or provision of this Agreement. 
 8.7 No Third Party Beneficiary. Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon or give any person (other than the parties hereto and, in the case
of Executive, his heirs, personal representative(s), and/or legal representative) any rights or remedies under or by reason of this Agreement. 
 8.8 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon,
and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of the parties reflected hereon as the
signatories. 

  
 8 

 8.9 Entire Agreement. This Agreement amends, restates, and supersedes in its entirety
the provisions of the Prior Agreement; provided, however, that nothing herein shall adversely effect the compensation, stock awards, and other benefits heretofore paid, granted, or otherwise provided by the Company to Executive prior
to the date hereof. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements, and conditions,
express or implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or
amended other than by an agreement in writing signed by both parties hereto. 
 8.10 Paragraph Headings. The paragraph
headings in this Agreement are for convenience only; they form no part of this Agreement and shall not affect its interpretation. 
 8.11 Gender. Words used herein, regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender,
masculine, feminine, or neuter, as the context requires. 
 8.12 Section 409A. This Agreement is intended to satisfy
the requirements of Section 409A with respect to amounts subject thereto, and shall be interpreted and construed consistent with such intent; provided that, notwithstanding the other provisions of this subsection and the paragraph above
entitled “Specified Employee,” with respect to any right to a payment or benefit hereunder (or portion thereof) that does not otherwise provide for a “deferral of compensation” within the meaning of Section 409A, it is the
intent of the parties that such payment or benefit will not so provide. Furthermore, if either party notifies the other in writing that, based on the advice of legal counsel, one or more of the provisions of this Agreement contravenes any
regulations or Treasury guidance promulgated under Section 409A or causes any amounts to be subject to interest or penalties under Section 409A, the parties shall promptly and reasonably consult with each other (and with their legal
counsel), and shall use their reasonable best efforts, to reform the provisions hereof to (a) maintain to the maximum extent practicable the original intent of the applicable provisions without violating the provisions of Section 409A or
increasing the costs to the Company of providing the applicable benefit or payment and (b) to the extent practicable, to avoid the imposition of any tax, interest, or other penalties under Section 409A upon Executive or the Company. Any
payments described herein that are payable upon a termination of employment will only be paid if such termination constitutes a “separation for service” within the meaning of Section 409A. 

[signature page follows] 

  
 9 

 IN WITNESS WHEREOF, the undersigned have executed this Second Amended and Restated
Employment Agreement as of the date first above written. 
  

			
	COMPANY:
	
	LIFELOCK, INC.
		
	By:	 	 /s/ Todd Davis

		 	Todd Davis, Chairman and Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ Marvin Davis

	MARVIN DAVIS

 SIGNATURE PAGE TO SECOND AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT — MARVIN DAVIS

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