Document:

EX-10.8C

 Exhibit 10.8C 

THIRD AMENDMENT TO OFFICE LEASE 

(Hayden Ferry Lakeside Phase II) 

THIS THIRD AMENDMENT TO OFFICE LEASE (the “Third Amendment”), dated for reference purposes as of September 9,
2013, is entered into by and between PKY FUND II PHOENIX II, LLC, a Delaware limited liability company (“Lessor”), and LIFELOCK, INC., a Delaware corporation (“Lessee”). 

R  E  C  I  T  A  L  S 

WHEREAS, Lessor, as successor-in-interest to Hayden Ferry Lakeside, LLC, and Lessee are parties to that certain Office Lease
dated May 18, 2007 (the “Original Lease”) that certain First Amendment to Office Lease dated March 7, 2008 (the “First Amendment”), and that certain Second Amendment to Office Lease dated May 15, 2013
(the “Second Amendment”, which together with the Original Lease and the First Amendment shall be hereinafter referred to collectively as the “Lease”); 

WHEREAS, pursuant to the Original Lease, Lessor leased to Lessee, and Lessee leased from Lessor, approximately 51,204 square
feet of Rentable Area designated as Suite 300, consisting of the entire third floor, and Suite 400, consisting of the entire fourth floor (the “Original Premises”), of that certain office building more commonly known as Hayden Ferry
Lakeside - Phase II, 60 East Rio Salado Parkway, Tempe, Arizona 85281 (the “Ferry II Building”); 

WHEREAS, pursuant to the Second Amendment, effective as May 21, 2013 (the “Effective Date”), Lessor
leased to Lessee, and Lessee leased from Lessor, the following Expansion Premises: (i) the First Installment Space; (ii) the Second Installment Space; and (iii) the Second Expansion Premises; 

WHEREAS, the First Installment Space was delivered to Lessee on June 27, 2013; 

WHEREAS, pursuant to Section 6(b)(ii) of the Second Amendment, Lessor was required to enter into a lease termination or
relocation with the tenant currently occupying a portion of the Second Installment Space consisting of approximately 8,092 square feet of Rentable Area (the “Guardian Space”) within forty-five (45) days following the Effective
Date; 
 WHEREAS, Lessor has entered into such relocation agreement with the tenant of the Guardian Space and has therefore
satisfied its obligations under Section 6(b)(ii) of the Second Amendment with respect to same; 
 WHEREAS, Lessor
anticipates being able to deliver the Second Installment Space to Lessee on or before October 1, 2013; 
 WHEREAS, to
accommodate Lessee during the Lessor’s construction of the Second Installment Space, an affiliate of Lessor, PKY FUND II PHOENIX I, LLC, a Delaware limited liability company, granted Lessee a temporary license to occupy certain Temporary Space
in the building adjacent to the Ferry II Building known as Hayden Ferry Lakeside – Phase I , with the street address of 80 East Rio Salado Parkway, Tempe, Arizona (the “Ferry I Building”); 

WHEREAS, rather than occupy the Temporary Space in the Ferry I Building, Licensee desires to temporarily occupy space in
another building adjacent to the Ferry II Building known as Tempe Gateway, with the street address of 222 South Mill Avenue, Tempe, Arizona 85281 (the “Tempe Gateway Building”); 

WHEREAS, the owner of the Tempe Gateway Building, PKY 222 S. MILL, LLC, a Delaware limited liability company (“PKY
Tempe”), an affiliate of Lessor, has agreed to grant Lessee a temporary license to occupy approximately 7,714 square feet of rentable area, commonly known as Suites 109, 112, 

 
and 115 in the Tempe Gateway Building (the “Gateway Temporary Space”) on a temporary basis while Lessor performs certain improvements to the Second Installment Space; 

WHEREAS, in conjunction with Lessor and Lessee’s execution of this Third Amendment, Lessee, as licensee, and PKY Tempe,
as licensor, shall enter into a Temporary Use License Agreement for the Gateway Temporary Space (the “License Agreement”), a copy of which is attached hereto as Exhibit “A” and incorporated herein by this reference; 

WHEREAS, Lessor and Lessee desire to enter into this Third Amendment to amend the Second Amendment to reflect that Lessor has
satisfied its obligation to enter into an agreement with the tenant of the Guardian Space to relocate its premises and, as a result of the foregoing, to reflect that the termination option set forth in Section 6(b)(ii) of the Second Amendment
is null and void, and to further reflect that Lessor’s obligation to deliver the Temporary Space, as such term is defined in the Second Amendment, shall be deemed satisfied upon the full execution of the License Agreement; 

WHEREAS, by separate letter agreement executed by the parties hereto, Lessor’s obligation to deliver notice to Lessee by
August 1, 2013 of its ability to deliver the Second Expansion Premises was extended to August 16, 2013 (and Section 7 of the Second Amendment was amended thereby); 

WHEREAS, Lessor, by its execution of this Third Amendment, confirms that Lessor will be able to deliver possession of the
Second Expansion Premises to Lessee; 
 WHEREAS, more specifically, Lessor will be able to deliver to Lessee approximately
10,656 square feet of contiguous Rentable Area located on the fifth (5th) floor of the Ferry II Building, known as Suite 510 and Suite 511 in the Ferry II Building, as further depicted on
Exhibit “B” attached hereto and incorporated herein; 
 WHEREAS, as of the date hereof, Lessor cannot confirm its
ability to delivery to Lessee an Additional Fifth Floor Expansion Space; 
 WHEREAS, Lessee, by its execution of this Third
Amendment, acknowledges that Lessor has satisfied its obligation to provide notice to Lessee of its ability to deliver the Second Expansion Premises to Lessee and further acknowledges its acceptance of the Second Expansion Premises; 

WHEREAS, Lessor and Lessee desire to enter into this Third Amendment to confirm Lessor’s obligation to deliver, and
Lessee’s obligation to accept, the Second Expansion Premises; 
 WHEREAS, in connection with the foregoing, Lessee
agrees to waive any right to terminate the Lease or reject the delivery of the Second Installment Space or the Second Expansion Premises, notwithstanding anything set forth in the Second Amendment to the contrary, based on the actual date that the
Second Installment Space and/or Second Expansion Premises is delivered to Lessee; and 
 WHEREAS, Lessor and Lessee further
desire to enter into this Third Amendment to amend the Second Amendment to reflect the changes to the Base Rent schedule for the Original Premises and the Expansion Premises. 

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, Lessor and Lessee agree as follows: 

1. Incorporation of Recitals; Defined Terms. The Recitals set forth above are deemed to be true and accurate in all
respects and are hereby incorporated into this Third Amendment by this reference. Capitalized terms used in this Third Amendment shall have the same meanings as ascribed to them in the Lease unless otherwise expressly defined in this Third
Amendment. In the event of any conflict between the terms of the Lease and the terms of this Third Amendment, the terms of this Third Amendment shall govern and control. 

2. Effective Date. This Third Amendment shall be effective on that date when Lessor has

 
delivered to Lessee a fully executed copy of this Third Amendment. 

3. Base Rent Schedule. Lessor and Lessee agree and acknowledge that the Effective Date of the Second Amendment
is May 21, 2013 and as such the Base Rent schedule set forth in Section 8(a) of the Second Amendment is hereby deleted and the following schedule substituted in lieu thereof: 

 

					
	 Period
	  	$ Per RSF Per Year*	 
	 May 21, 2013 – January 31, 2015
	  	$	28.50	  
	 February 1, 2015 – January 31, 2016
	  	$	29.00	  
	 February 1, 2016 – January 31, 2017
	  	$	29.75	  
	 February 1, 2017 – January 31, 2018
	  	$	30.50	  
	 February 1, 2018 – January 31, 2019
	  	$	31.25	  
	 February 1, 2019 – January 31, 2020
	  	$	32.00	  
	 February 1, 2020 – January 31, 2021
	  	$	32.75	  
	 February 1, 2021 – January 31, 2022
	  	$	33.50	  
	 February 1, 2022 – January 31, 2023
	  	$	34.25	  
	 February 1, 2023 – January 31, 2024
	  	$	35.00	  
	 February 1, 2024 – Termination Date
	  	$	35.75	  

  

	*	applicable sales and transaction privilege taxes due thereon. 

 4. First
Installment Space. Lessee and Lessor agree and acknowledge that the First Installment Space was delivered to Lessee in the condition required under the Second Amendment and in accordance with the terms and conditions of the Second Amendment, and
Lessee accepted same, on June 27, 2013 and, as such, the Commencement Date (as defined in Section 5 of the Second Amendment) for the First Installment Space is June 27, 2013. In accordance with Section 5 of the Second Amendment,
the Rent Commencement Date for the First Installment Space shall be the earlier of (i) October 23, 2013, which is 120 calendar days from June 27, 2013, or (ii) the date that Lessee occupies the First Installment Space. The
abatement of the Base Rental for the First Installment Space in the amount of $71,592.00 shall be applied towards the payment of the Base Rental for the First Installment Space due and payable for the first full twelve (12) calendar months from
the Rent Commencement Date of the First Installment Space in accordance with Section 8(b)(ii) of the Second Amendment. 

5. Second Installment Space. As of the date hereof, Lessor has entered into an agreement with the tenant of the
Guardian Space to relocate the Guardian Space and, as such, Lessor has satisfied its obligation to do so under Section 6(b)(ii) of the Second Amendment and the right of either party to terminate the Second Amendment under Section 6(b)(ii)
of the Second Amendment is hereby null and void and of no further force or effect. Further, Section 6(b)(ii) of the Second Amendment is hereby amended to reflect that the Target Second Installment Commencement Date shall be November 1,
2013, rather than August 1, 2013. Notwithstanding anything set forth in the Second Amendment to the contrary, in the event of the inability of Lessor to deliver possession of the Second Installment Space by November 1, 2013 (subject to
force majeure events), neither Lessor nor its agents shall be liable for any damage caused thereby, nor shall Lessor be deemed in default under the Lease or the Lease thereby become void or voidable or terminable, but in such an event, Lessee shall
receive a credit in the amount of $1,536.50 for every calendar day the Premises is delivered after November 1, 2013; provided, however, in the event that Lessor is unable to deliver possession of the Second Installment Space by March 1,
2014 (subject to force majeure events), then Lessee, in Lessee’s sole and absolute discretion, 

 
may at any time within thirty (30) days after March 1, 2014, deliver written notice to Lessor indicating that Lessee no longer desires to receive possession of the Second Installment
Space (the “Lessee’s Rejection Notice”) (and Section 7 of the Second Amendment is hereby amended accordingly). 

If Lessee timely delivers Lessee’s Rejection Notice, then Lessor shall no longer have the obligation to deliver the
Second Installment Space to Lessee and Lessee shall no longer have any rights thereto. In addition, the parties agree that, for that portion of the Premises (i.e., the Original Premises and the Installment Spaces that have been delivered prior to
said date) then delivered to Lessee, the Lease shall continue in full force and effect through that date specified in Lessee’s Rejection Notice (the “Anticipated Termination Date”); provided, however, in no event shall the
Anticipated Termination Date be a date that is less than twelve (12) months after the delivery of the Lessee’s Rejection Notice and be a date that is greater than twenty-four (24) months after the delivery of the Lessee’s
Rejection Notice. Commencing on the date of Lessee’s Rejection Notice and continuing through the Anticipated Termination Date, Lessee shall pay monthly Base Rental (exclusive of applicable sales and transaction privilege taxes due thereon) for
the Premises (i.e., the Original Premises and the Installment Spaces that have been delivered prior to said date) and the Temporary Space in accordance with the following schedule: 

 

					
	 Period
	  	$ Per RSF Per Year	 
	 From the date of Lessee’s Rejection Notice through the last day of the calendar month in which the first (1st) anniversary of Lessee’s Rejection Notice (the “1 Year Date”).
	  	$	29.50	  
	 From the 1 Year Date through the Anticipated Termination Date.
	  	$	30.25	  

 Lessee shall surrender possession of the entire Premises in the condition required under the
Lease on or before the Anticipated Termination Date. The Lease shall be deemed terminated effective as of 5:00 PM (Arizona time) on the Anticipated Termination Date. 

In the event that Lessee fails to timely deliver Lessee’s Rejection Notice, then Lessee shall be deemed to have waived
its right to reject possession of the Second Installment Space, in which event Lessee’s option to reject possession of the Second Installment Space shall be deemed null and void and of no further force or effect. 

6. Second Expansion Premises. Section 7 of the Second Amendment is amended to reflect that the “Second
Expansion Premises” shall consist of approximately 10,656 square feet of contiguous Rentable Area located on the fifth (5th) floor of the Ferry II Building, which shall be known as Suite
510 and Suite 511 in the Ferry II Building, as further depicted on Exhibit “B”. As of the date hereof, Lessor anticipates being able to deliver possession of the Second Expansion Premises to Lessee in accordance with the Second Amendment
on or before November 1, 2013. Notwithstanding anything set forth in the Second Amendment to the contrary, in the event of the inability of Lessor to deliver possession of the Second Expansion Premises by November 1, 2013 (subject to force
majeure events), neither Lessor nor its agents shall be liable for any damage caused thereby, nor shall Lessor be deemed in default under the Lease or the Lease thereby become void or voidable or terminable (and Section 7 of the Second
Amendment is hereby amended accordingly). 
 7. Second Installment Space and Second Expansion Premises.
Paragraphs 2 through 6 of Section 7 of the Second Amendment are hereby deleted in their entirety and as such Paragraph 1 of 

 
Section 7 of the Second Amendment, as amended herein, shall remain the only paragraph included therein. 

8. Temporary Space. Lessee and Lessor agree and acknowledge that neither Lessor nor Ferry I Building Owner shall be
required to deliver the Temporary Space, as such term is defined in the Second Amendment. Section 6(c) of the Second Amendment are hereby amended so that all references to “Temporary Space” in the Second Amendment shall mean
and refer to the “Gateway Temporary Space”, as defined herein, and that all references to “Ferry I Building Owner” in the Second Amendment shall mean and refer to “PKY Tempe”, as such term is
defined herein. Lessee and Lessor further agree and acknowledge that once the Gateway Temporary Space is delivered to Lessee in accordance with the License Agreement, Lessor will have satisfied its obligations under the Second Amendment with respect
to same. Further, the Surrender Date, as such term is defined in Section 6(c) of the Second Amendment, shall be fifteen (15) days after the Commencement Date of the Second Expansion Premises. 

9. Tenant Improvement Allowance. Section 19 of the Second Amendment is hereby amended to reflect that the Tenant
Improvement Allowance shall be increased in an amount equal to $3.14 per square foot of Rentable Area of Installment Space actually delivered to Lessee. 

10. Existing Claims. Lessee agrees and acknowledges that to the actual knowledge of Lessee there are no existing claims
or causes of action against Lessor arising out of the Lease, either currently or which would exist with the giving of notice or with the passage of time, nor are there any existing defenses which Lessee has against the enforcement of the Lease by
Lessor. 
 11. Incorporation of Prior Agreements. This Third Amendment contains the entire understanding of the
parties hereto with respect to the subject matter hereof, and no prior or other written or oral agreement or undertaking pertaining to any such matter shall be effective for any purpose. 

12. Modification of Amendment. This Third Amendment may not be amended or modified, nor may any right or obligation
hereunder be waived orally, and no such amendment or modification shall be effective for any purpose unless it is in writing and signed by the party against whom enforcement thereof is sought. 

13. Interpretation. This Third Amendment shall be construed reasonably to carry out its intent without presumption
against or in favor of either party. The parties acknowledge that both parties have caused this Third Amendment to be reviewed by legal counsel of their choice. No negotiations concerning or modifications made to prior drafts of this Third Amendment
shall be construed in any manner to limit, reduce or impair the rights, remedies or obligations of the parties under this Third Amendment or to restrict or expand the meaning of any provisions of this Third Amendment. If any provision hereof shall
be declared invalid by any court or in any administrative proceedings, then the provisions of this Third Amendment shall be construed in such manner so as to preserve the validity hereof and the substance of the transactions herein contemplated to
the extent possible. The Section headings are provided for purposes of convenience of reference only and are not intended to limit, define the scope of or aid in interpretation of any of the provisions hereof. 

14. Full Force and Effect; Counterparts. The Lease shall remain in full force and effect in accordance with its
original terms and provisions, except as expressly modified by the terms of this Third Amendment. This Third Amendment shall be governed by Arizona law and shall be binding on the parties hereto and their respective successors and assigns. This
Third Amendment may be executed by the parties hereto in one or more counterparts. All counterparts shall be valid and binding on the party or parties executing them and all counterparts shall constitute one and the same document for all purposes.
Each signatory to this Third Amendment represents and warrants to the other party that this Third 

 
Amendment has been duly authorized, executed and delivered by or on behalf of the party for which it is signing. 

IN WITNESS WHEREOF, the parties have executed this Third Amendment to Office Lease to be effective as of the date set
forth above. 
  

									
	LESSOR:	 		 	LESSEE:
			
	 PKY FUND II PHOENIX II, LLC, 
 a
Delaware limited liability company
	 		 	 LIFE LOCK, INC.,
 a Delaware
corporation

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Its:	 	  
	 		 	Its:	 	  

 Exhibit “A” 

License Agreement 

 TEMPORARY USE LICENSE AGREEMENT 

THIS TEMPORARY USE LICENSE AGREEMENT (this “License”) is made and entered into this 9th day of September, 2013 by and among PKY 222 S. MILL, LLC, a Delaware limited liability company (“Licensor”) and LIFELOCK, INC., a Delaware corporation (“Licensee”).

 R  E  C  I  T  A  L  S 

WHEREAS, PKY FUND II PHOENIX II, LLC, a Delaware limited liability company (“Parkway”), an affiliate
of Licensor, and Licensee are parties to that certain Office Lease dated May 18, 2007 (the “Original Lease”), that certain First Amendment to Office Lease dated March 7, 2008 (the “First Amendment”), that
certain Second Amendment to Office Lease dated May 15, 2013 (the “Second Amendment”), a copy of which is attached hereto as Exhibit “A”, and that certain Third Amendment to Office Lease dated September 9, 2013 (the
“Third Amendment”, which together with the Original Lease, the First Amendment, and the Second Amendment shall be hereinafter referred to collectively as the “Hayden Ferry Lease”); 

WHEREAS, Parkway has requested that Licensor allow Licensee to occupy certain space consisting of approximately 7,714
square feet of rentable area, commonly known as Suites 109, 112, and 115 (the “Temporary Premises”) in the building owned by Licensor located at 222 South Mill Avenue, Tempe, Arizona 85281 (the “Tempe Gateway
Building”) on a temporary basis while Parkway performs certain improvements to the Second Installment Space and the Second Expansion Premises (as such terms are defined in the Second Amendment); and 

WHEREAS, Licensor has agreed to grant to Licensee a temporary license to use the Temporary Premises in accordance with
the terms and conditions of this License as herein set forth. 
 NOW, THEREFORE, in consideration of the mutual
covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Licensor and Licensee hereby agree as follows: 

1. INCORPORATION OF RECITALS. The Recitals set forth above are deemed to be true and accurate in all respects and
are hereby incorporated into this License by this reference. Capitalized terms used in this License shall have the same meanings ascribed to them as in the Hayden Ferry Lease unless otherwise expressly defined in this License. 

2. EFFECTIVE DATE. The effective date of this License shall be that date that Licensor delivers to Licensee a
fully executed copy of this License. 
 3. GRANT OF LICENSE. Licensor hereby allows Licensee to use the Temporary
Premises on the terms set forth herein. Licensee shall use the Temporary Premises only for general office purposes, and for no other purpose whatsoever. Except as otherwise provided for herein, Licensor and Licensee shall use best efforts to abide
by the material terms and conditions of the Hayden Ferry Lease with respect to Licensee’s use, occupation, and maintenance of the Temporary Premises. 

4. TERM. The term of this License (the “License Term”) shall commence on that date that possession of
the Temporary Premises is delivered to Licensee and shall terminate on that date which is fifteen (15) days following the Commencement Date for the Second Expansion Premises (the “Termination Date”). Notwithstanding the
foregoing, in the event that Lessor is unable to deliver the Second Installment Space to Lessee in accordance with the Second Amendment by March 1, 2014 and Lessee timely delivers Lessee’s Rejection Notice, the License Term shall terminate
on that date specified 

 
in Lessee’s Rejection Notice and the Termination Date shall be amended to reflect same. Lessee shall surrender possession of the Temporary Space in the condition required hereunder on or
before the Anticipated Termination Date and this License shall be deemed terminated effective as of 5:00 PM (Arizona time) on the Anticipated Termination Date. Time is of the essence, and holding over will not be permitted unless as otherwise
specifically agreed to in writing by Licensor in its sole and absolute discretion. If Licensee holds over in the Temporary Premises (i.e., fails to surrender the Temporary Premises by the Termination Date), in addition to any other remedies
available to Licensor, Licensee will indemnify, defend and hold harmless Licensor and Parkway from all liabilities in connection therewith. 

5. RENT. Licensee shall pay to Licensor base rental for the Temporary Premises in the amount of $29.50 per square foot,
per year; provided, however, that Licensor agrees to waive and abate such amount in full so long as Licensee is not in material default under this License. Notwithstanding the foregoing, commencing on the date of Lessee’s Rejection Notice and
continuing through the Anticipated Termination Date, Lessee shall pay monthly Base Rental (exclusive of applicable sales and transaction privilege taxes due thereon) for the Temporary Space in accordance with the following schedule: 

 

					
	 Period
	  	$ Per RSF Per Year	 
	 From the date of Lessee’s Rejection Notice through the last day of the calendar month in which the first (1st) anniversary of Lessee’s Rejection Notice (the “1 Year Date”).
	  	$	29.50	  
	 From the 1 Year Date through the Anticipated Termination Date.
	  	$	30.25	  

 6. ACCEPTANCE OF TEMPORARY PREMISES. By entry hereunder, Licensee acknowledges that it
has examined the Temporary Premises and accepts the same “AS IS” and as being entirely satisfactory. The license granted in this License is an accommodation to Licensee, and so neither Licensor nor Parkway is required to pay for or perform
any work in connection with the Temporary Premises except that Licensor and/or Parkway shall construct the Temporary Premises pursuant to the space plan attached hereto as Exhibit “B”, and neither Licensor nor Parkway will incur any
liabilities to Licensee in connection with this license or the Temporary Premises, all of which are hereby irrevocably waived by Lessee, except to the extent arising from the gross negligence or willful misconduct of Licensor or Parkway, or their
employees or contractors, or from a default by Licensor under this License. 
 7. USE OF TEMPORARY PREMISES. The
Temporary Premises shall be used only for the purposes specified above and for no other purpose. Licensee shall comply with all legal requirements affecting the Temporary Premises and its use. Licensee shall comply with, and shall indemnify, defend
(with counsel reasonably acceptable to Licensor) and hold Licensor and its directors, officers, partners, members, shareholders, employees and agents harmless from any and all obligations, claims, administrative proceedings, judgments, damages,
fines, penalties, costs, and liabilities, including reasonable attorneys’ fees (collectively, “Costs”) incurred by Licensor as a result of the failure by Licensee, its employees, agents or contractors to comply with all laws
relating to the use, condition or occupancy of the Temporary Premises now or hereafter enacted, and the Project Rules, defined below. Licensee shall cause its employees, agents and contractors to comply with, and shall use reasonable efforts to
cause its invitees to comply with, all laws applicable to the Project. Licensee shall not cause or permit the use, generation, storage, release or disposal in or about the Premises or the Project of any substances, materials or wastes subject to
regulation under any laws from time to time including, without limitation, flammable, explosive, hazardous, petroleum, toxic or radioactive materials, unless Licensee shall have received Licensor’s prior written consent, which consent Licensor
may withhold or revoke at 

 
any time in its sole discretion. Licensee shall comply with, and cause its employees, agents and contractors to comply with, and shall use its reasonable efforts to cause its invitees to comply
with, the rules and regulations of the Project adopted by Licensor from time to time for the safety, care and cleanliness of the Project (“Project Rules”). In the event of any conflict between this License and the Project Rules, the
provisions of this License shall control. Licensor shall not have any liability to Licensee for any failure of any other Licensees to comply with the Project Rules. The Project Rules in effect as of the Effective Date are attached hereto as Exhibit
“C”. Licensor agrees to reasonably and fairly enforce the Project Rules against other licensees or tenants within the Tempe Gateway Building. 

8. UTILITIES. Licensor shall furnish Licensee during Licensee’s occupancy of the Temporary Premises the following
services: (i) cleaning and janitorial services; (ii) domestic water at those points of supply provided for general office use of tenants in the Tempe Gateway Building; (iii) electricity for normal, Building Standard office uses;
(iv) elevator service at the times and frequency reasonably required for normal business use of the Temporary Premises; (v) lamp and ballast replacement for Building Standard light fixtures; (vi) HVAC service between 7:00 o’clock
a.m. and 6:00 o’clock p.m. on Monday through Friday and 8:00 o’clock a.m. and 12:00 o’clock p.m. on Saturday (“Building Standard Hours”), except on New Year’s Day, Memorial Day, July 4, Labor Day, Thanksgiving Day,
Christmas Day and other holidays observed by a majority of the tenants of the Building (“Holidays”). If any Holiday falls on a weekend, the Building may observe the Holiday on the preceding Friday or the succeeding Monday. Licensee
may periodically request, and Licensor shall furnish HVAC service on days and at times other than those referred to above, provided Licensee requests such service in accordance with the Project Rules then in effect, and agrees to reimburse Licensor
for this service at the then existing rate being charged in the Building. If Licensee utilizes services provided by Licensor hereunder in either quantity and/or quality exceeding the quantity and/or quality customarily utilized by normal office uses
of comparable premises in the Building, then Licensor may monitor Licensee’s use of such services, and charge Licensee a reasonable amount for such excess usage; such amount shall constitute additional rent due hereunder within fifteen
(15) days of Licensee’s receipt of Licensor’s statement for such excess. Licensor shall not be liable for any damages directly or indirectly resulting from the installation, use or interruption of use of any equipment in connection
with furnishing any of the foregoing services, or failure to furnish or delay in furnishing any such service except when such failure or delay is caused by the gross negligence or willful misconduct of Licensor. 

9. ALTERATIONS, REPAIRS AND MAINTENANCE. Licensee shall not make or permit any alterations to the Temporary Premises,
without Licensor’s prior written consent. Licensee shall maintain the Temporary Premises in its present condition and shall keep the same neat, clean and orderly. Licensee shall repair any damage it causes, or in lieu of requiring repairs,
Licensor shall have the right to perform such repairs itself, in which case all repair costs shall be payable by Licensee upon request. Upon termination of this License, Licensee shall deliver the Temporary Premises to Licensor in substantially the
same condition as it existed upon commencement of this License, ordinary wear and tear excepted. 
 10. INDEMNITY AND RELEASE;
INSURANCE. 
 a. Licensee shall defend, indemnify and hold harmless Licensor, Parkway, Parkway Properties, Inc. and
Parkway Realty Services, LLC, and their direct and indirect parent companies and subsidiaries and any of their affiliated entities, successors and assigns, as well as their respective current or future agents, owners, officers, members, employees
and all other persons or entities acting in any capacity on their behalf (the “Protected Parties”) for, from and against any and all claims by any third party for injury to any person or damage to or loss of any property occurring
in the Project (and all related liabilities, costs, and attorneys’ fees) and arising from (i) Licensee’s use of the Temporary Premises or anything done, permitted, suffered or omitted by Licensee or any of its agents or visitors in or
about the 

 
Temporary Premises, and (ii) any breach or default by Licensee hereunder. As a material part of the consideration to Licensor, Licensee hereby assumes all risk of damage to property or
injury to persons in or about the Temporary Premises from any cause whatsoever and waives all claims against Licensor and/or the other Protected Parties on account of the same. 

b. During the License Term, Licensee will carry and maintain, at its expense with insurance companies reasonably acceptable to
Licensor that are rated no less than A-, Class VII, by A.M. Best Company: (i) a commercial general liability insurance policy, including products/completed operations and insurance against assumed or contractual liability under this License,
for liability arising out of the ownership, use, occupancy or maintenance of the Temporary Premises and all areas appurtenant thereto, including any portion of the common areas used by Licensee, Licensee’s invitees, contractors, employees or
agents, to afford protection with respect to bodily injury, death or property damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) aggregate; (ii) a property insurance
policy insuring all Above Standard improvements and fixtures in the Temporary Premises, and all personal property located within the Temporary Premises, on the “Special” Perils policy form, including theft coverage, written at replacement
cost value with replacement cost endorsements, covering all of the Licensee’s property, and business interruption coverage in an amount that will reimburse Licensee for direct or indirect loss of earnings attributable to the perils insured
against under section (i) above and this section (ii), and other perils commonly insured against by prudent business owners, or attributable to prevention of access to the Premises, for a period of at least eighteen (18) months;
(iii) a worker’s compensation insurance policy with applicable statutory limits, including employers liability insurance with limits of not less than One Million Dollars ($1,000,000.00); (iv) automobile liability insurance with single
limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles; and (v) an excess/umbrella liability policy “following form” of not less than Four Million Dollars ($4,000,000), including a “drop
down” feature in case the limits of the primary policy are exhausted. Licensor may also require all contractors to provide in addition to the insurance coverages referenced above such other insurance in amounts and types and with such companies
as may be reasonably requested by Licensor, including, without limitation, construction all risk/builder’s risks (including loss of revenue) insurance, owners and contractors protective liability insurance, professional errors and omissions
liability insurance, and insurance covering such contractor’s equipment and tools. Each insurance policy required to be maintained hereunder by Licensee shall include an “Additional Insured Endorsement” in favor of Parkway Properties,
Inc. and Parkway Realty Services, LLC, and their direct and indirect parent companies and subsidiaries and any of their affiliated entities, successors and assigns, as well as their respective current or future directors, officers, employees,
partners, members and agents. Licensee’s insurance shall be considered primary, not excess, and non-contributory with Licensor’s insurance policies, and deductible amounts, if any, under such policies shall be commercially reasonable. An
ACORD 25 certificate of such insurance in the most recent edition available and reasonably satisfactory to Licensor, or certified copies of the policies, shall be furnished to Licensor concurrently with Licensee’s execution of this License,
reflecting the limits and endorsements required herein, and renewal ACORD 25 certificates or certified copies of renewal policies shall be delivered to Licensor at least ten (10) days prior to the expiration date of any policy. Each policy
shall be endorsed to provide notice of nonrenewal to Licensor and shall further provide that it may not be altered or canceled without thirty (30) days prior notice to Licensor. Licensor agrees to cooperate with Licensee to the extent
reasonably requested by Licensee to enable Licensee to obtain such insurance. Licensor shall have the right to require increased limits if, in Licensor’s reasonable judgment, such increase is necessary. Licensee shall pay all premiums and
charges for all of said policies, and, if Licensee shall fail to make any such payment when due or fail to provide a renewal certificate to Licensor within one (1) business day after the expiration or termination of a policy, Licensor may, but
shall not be obligated to, make such payment or carry such policy, and the amount paid by Licensor, shall be repaid to Licensor by Licensee within ten (10) days following demand therefor, and all such amounts so repayable, together with such
interest, shall be deemed to constitute additional rent 

 
hereunder. Payment by Licensor of any such premium, or the carrying by Licensor of any such policy, shall not be deemed to waive or release Licensee from any remedy available to Licensor under
this License. 
 c. Licensor shall maintain, during the License Term, (i) a commercial general liability insurance
policy of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) aggregate, and (ii) a property insurance policy on the “Special” Perils policy form, including theft coverage, written at full
replacement cost value and with replacement cost endorsement, covering the Project, including the Building and all Building Standard improvements and fixtures in the Premises, but specifically excluding all personal property, fixtures and
improvements therein belonging to Licensor, and (iii) an excess liability policy “following form” of not less than Four Million Dollars ($4,000,000), including a “drop down” feature in case the limits of the primary policy
are exhausted. Licensor shall not be obligated to insure any property of Licensee. 
 d. All policies of insurance required
to be carried by either party hereunder shall include a waiver of subrogation endorsement, containing a waiver by the insurer of all right of subrogation against the other party in connection with any loss, injury or damage thereby insured against.
The waiver of subrogation shall apply regardless of any deductible (or self-insured retention) or self-insurance carried by either party. Any additional premium for such waiver shall be paid by the primary insured. To the full extent permitted by
law, Licensor and Licensee each waive all rights of recovery against the other (and any officers, directors, partners, employees, agents and representatives of the other), and agree to release the other from liability, for loss or damage to the
extent such loss or damage is covered by valid and collectible insurance in effect covering the party seeking recovery at the time of such loss or damage (to the extent of the proceeds received) or would be covered by the insurance required to be
maintained under this License by the party seeking recovery (to the extent of the proceeds that would have been received had the party maintained the insurance required hereunder). If the release of either party, as set forth above, should
contravene any law with respect to exculpatory agreements, the liability of the party in question shall be deemed not released but shall be secondary to the liability of the other’s insurer. 

11. ENTRY BY LICENSOR. Licensor and its agents shall have the right to enter the Temporary Premises for any business
purpose, including to inspect the same or to make repairs or alterations to the Project or the Temporary Premises. Licensee shall not alter any lock or install a new or additional lock on any door of the Temporary Premises without the prior written
consent of the Licensor, which shall not be unreasonably withheld. 
 12. ASSIGNMENT AND SUBLICENSE. Licensee shall
not: (a) assign this License or any interest in this License; (b) permit the use of the Temporary Premises by any person or persons other than Licensee; nor (c) sublicense all or any part of the Temporary Premises. 

13. DEFAULT BY LICENSEE. Licensee shall be in default if Licensee fails to perform any obligation hereunder as and when
due, including, but not limited to, Licensee’s failure to vacate the Temporary Premises on the Termination Date. In the event of such a default, Licensor shall have all rights and remedies allowed by law. In addition, Licensor shall have the
right to immediately terminate this License and/or Licensee’s right to use the Temporary Premises. Upon any such termination, Licensee shall immediately yield up possession of the Temporary Premises and Licensor may take any and all action,
including changing the locks on the Temporary Premises and removing all of Licensee’s possessions from the Temporary Premises, to enforce Licensee’s obligations. 

14. PARKING. During the License Term, Licensor shall have the use of fifty (50) parking passes in the stand-alone
parking garage structure adjacent to the Tempe Gateway Building (the 

 
“Gateway Parking Structure”). Notwithstanding the foregoing, Licensor reserves the right at any time during the License Term to relocate a portion of the foregoing parking passes
into the parking facility located adjacent to the Hayden Ferry Lakeside Project located at 60 East Rio Salado Parkway, Tempe, Arizona 85251. Licensor agrees to waive and abate the cost of such parking passes in full during the License Term so long
as Licensee is not in material default under this License. Licensee acknowledges that the hours of the Gateway Parking Structure are 6:00 a.m. to 6:00 p.m., Monday through Friday. Parking outside of the foregoing parking hours shall be available on
a first-come, first-served basis for a fee, and, for those vehicles entering the Gateway Parking Structure outside of those parking hours, a fee will be charged to Lessee, to the extent charged to Licensor, in accordance with the existing Parking
Use License and Operating Agreement with the City of Tempe dated December 22, 2009, and recorded on December 22, 2009, as Instrument No. 2009-1170351. Any such charges are additional rent payable by Licensee under this License.
Licensee shall comply with and observe all parking rules and regulations set forth the Gateway Parking Structure. 
 15.
ATTORNEYS’ FEES. In the event of litigation to enforce or to interpret this License, the prevailing party shall be entitled to recover, in addition to all other sums and relief, its reasonable costs and attorneys fees incurred at and in
preparation for arbitration, trial, appeal and/or review, including costs and attorneys’ fees in federal bankruptcy proceedings. 

16. NOTICES. All notices to Licensee shall be in writing and shall be sufficiently given if delivered to the Temporary
Premises. 
 17. INTERPRETATION. This License shall be governed by the law of the state where the Project is located.
This License contains the entire agreement of the parties. This License can be amended, or any right or provision waived, only by written document signed by both parties. All obligations, liabilities, indemnities, waivers and releases of Licensee
hereunder, as well as the attorneys’ fees provision hereof, shall survive the expiration or termination of this License and/or of Licensee’s right to use the Temporary Premises. 

18. LIMITATION AND LIABILITY. Licensee’s sole and exclusive method of collecting on any judgment Licensee obtains
against Licensor, or any other award made to Licensee in any judicial process requiring the payment of money by Licensor for the failure of Licensor to perform any of its obligations, shall be to proceed against the interests of Licensor in and to
the Project. Therefore, Licensee hereby agrees that no personal or corporate liability of any kind or character whatsoever now attaches or at any time hereafter under any condition shall attach to Licensor for payment or performance of any
obligations hereunder. The obligations under this Section shall survive the expiration or earlier termination of this License. Licensee’s sole and exclusive remedy for a default or breach of this License by Licensor shall be either (i) an
action for damages, or (ii) an action for injunctive relief. Under no circumstances whatsoever shall Licensor ever be liable for punitive, consequential or special damages under this License and Licensee waives any rights it may have to such
damages under this License in the event of a breach or default by Licensor under this License. 
 19.
CONFIDENTIALITY. Licensee acknowledges that the terms and conditions of this License and are to remain confidential for Licensor’s benefit, and may not be disclosed by Licensee to anyone, by any manner or means, directly or indirectly,
without Licensor’s prior written consent; provided, however, that Licensee may disclose the terms and conditions of this License to its auditors, accountants, attorneys, brokers or its affiliate(s), as reasonably required in the conduct of
Licensee’s affairs. The consent by Licensor to any disclosures shall not be deemed to be a waiver on the part of Licensor of any prohibition against any future disclosure. 

 IN WITNESS WHEREOF, the parties have executed this Temporary Use License Agreement to be
effective as of the date set forth herein. 
  

									
	LICENSOR:	 		 	LICENSEE:
			
	 PKY 222 S. MILL, LLC,
 a Delaware
limited liability company
	 		 	 LIFELOCK, INC.,
 a Delaware
corporation

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Its:	 	  
	 		 	Its:	 	  

 Exhibit “A” 

Copy of Fully Executed Second Amendment 

 Exhibit “B” 

Work and Space Plan 
  

 
  
  

 Exhibit “C” 

Project Rules 
  

	*	 As used herein, the term “Landlord” shall mean and refer to “PKY 222 S. MILL, LLC, a Delaware limited liability company”.

 1. No smoking shall be permitted within any portion of the Building or within twenty (20) feet of
the Building’s exterior doors, including tenant spaces and common areas. 
 2. Landlord may provide and maintain a
directory for all tenants of the Building. No signs, advertisements or notices visible to the general public shall be permitted within the Project without the prior written consent of Landlord. Landlord shall have the right to remove any such sign,
placard, picture, advertisement, name or notice placed in violation of this rule without notice to and at the expense of the applicable tenant. 

3. Sidewalks, doorways, vestibules, halls, stairways and other similar areas shall not be obstructed by tenants or used by any
tenant for any purpose other than ingress and egress to and from the leased premises and for going from one to another part of the Building. At no time shall any tenant permit its employees, agents, contractors or invitees to loiter in common areas
or elsewhere in or about the Building or Project. 
 4. Corridor doors, when not in use, shall be kept closed. 

5. Plumbing fixtures and appliances shall be used only for the purposes for which designed, and no sweepings, rubbish, rags,
food or other unsuitable material shall be thrown or placed therein. Every tenant shall be responsible for ensuring that its employees, agents, contractors and invitees utilize Common Area restrooms in accordance with generally accepted practices of
health, cleanliness and decency. 
 6. Landlord shall provide all locks for doors into each tenant’s leased area, and
no tenant shall place any additional lock or locks on any door in its leased area without Landlord’s prior written consent. Two keys for each lock on the doors in each tenant’s leased area shall be furnished by Landlord. Additional keys
shall be made available to tenants at the cost of the tenant requesting such keys. No tenant shall have any duplicate keys made except by Landlord. All keys shall be returned to Landlord at the expiration or earlier termination of the applicable
lease. 
 7. A tenant may use microwave ovens and coffee brewers in kitchen or break areas. Except as expressly authorized
by Landlord in writing, no other appliances or other devices are permitted for cooking or heating of food or beverages in the Building. No portable heaters, space heaters or any other type of supplemental heating device or equipment shall be
permitted in the Building. All tenants shall notify their employees that such heaters are not permitted. 
 8. All tenants
will refer all contractors, subcontractors, contractors’ representatives and installation technicians who are to perform any work within the Building to Landlord before the performance of any work. This provision shall apply to all work
performed in the Building including, but not limited to installation of telephone and communication equipment, medical type equipment, electrical devices and attachments, and any and all installations of every nature affecting floors, walls,
woodwork, trim, windows, ceilings, equipment and any other physical portion of the Building. 

 9. Movement in or out of the Building of furniture or office equipment, or
dispatch or receipt by a tenant of any heavy equipment, bulky material or merchandise which require the use of elevators, stairways, lobby areas or loading dock areas, shall be restricted to hours designated by Landlord. A tenant must seek
Landlord’s prior approval by providing in writing a detailed listing of any such activity. If approved by Landlord, such activity shall be performed in the manner stated by Landlord. 

10. All deliveries to or from the Building shall be made only at such times, in the manner and through the areas, entrances
and exits designated by Landlord. 
 11. No portion of any tenant’s leased area shall at any time be used for sleeping
or lodging quarters. No birds, animals or pets of any type, with the exception of guide dogs accompanying visually impaired persons, shall be brought into or kept in, on or about any tenant’s leased area. 

12. No tenant shall make or permit any loud or improper noises in the Building or otherwise interfere in any way with other
tenants or persons having business with them. 
 13. Each tenant shall endeavor to keep its leased area neat and clean.
Nothing shall be swept or thrown into the corridors, halls, elevator shafts, stairways or other common areas, nor shall tenants place any trash receptacles in these areas. 

14. No tenant shall employ any person for the purpose of cleaning other than the authorized cleaning and maintenance personnel
for the Building unless otherwise approved in writing by Landlord. The work of cleaning personnel shall not be hindered by a tenant after 5:30 PM local time, and such cleaning work may be done at any time when the offices are vacant. Exterior
windows and common areas may be cleaned at any time. 
 15. To insure orderly operation of the Building, Landlord reserves
the right to approve all concessionaires, vending machine operators or other distributors of cold drinks, coffee, food or other concessions, water, towels or newspapers. No tenant shall install a vending machine in the Building without obtaining
Landlord’s prior written approval, which shall not be unreasonably withheld; provided, however, any vending machine installed in the Building shall not exceed the weight load capacity of the floor where such machine is to be installed; and,
Landlord reserves the right to require that such vending machine be separately metered in accordance with this License, and that such vending machine be equipped with an automatic device that reduces the power consumption of such machine during
non-peak hours of use of such machine. 
 16. Landlord shall not be responsible to tenants, their agents, contractors,
employees or invitees for any loss of money, jewelry or other personal property from the leased premises or public areas or for any damages to any property therein from any cause whatsoever whether such loss or damage occurs when an area is locked
against entry or not. 
 17. All tenants shall exercise reasonable precautions in protection of their personal property from
loss or damage by keeping doors to unattended areas locked. Tenants shall also report any thefts or losses to the Building Manager and security personnel as soon as reasonably possible after discovery and shall also notify the Building Manager and
security personnel of the presence of any persons whose conduct is suspicious or causes a disturbance. The tenant shall be responsible for notifying appropriate law enforcement agencies of any theft or loss of any property of tenant or its
employees, agents, contractors, or invitees. 
 18. All tenants, their employees, agents, contractors and invitees may be
called upon to show suitable identification and sign a building register when entering or leaving the Building at any and all 

 
times designated by Landlord form time to time, and all tenants shall cooperate fully with Building personnel in complying with such requirements. 

19. No tenant shall solicit from or circulate advertising material among other tenants of the Building except through the
regular use of the U.S. Postal Service. A tenant shall notify the Building Manager or the Building personnel promptly if it comes to its attention that any unauthorized persons are soliciting from or causing annoyance to tenants, their employees,
guests or invitees. 
 20. Landlord reserves the right to deny entrance to the Building or remove any person or persons from
the Building in any case where the conduct of such person or persons involves a hazard or nuisance to any tenant of the Building or to the public or in the event or other emergency, riot, civil commotion or similar disturbance involving risk to the
Building, tenants or the general public. 
 21. Unless expressly authorized by Landlord in writing, no tenant shall tamper
with or attempt to adjust temperature control thermostats in the Building. Upon request, Landlord shall adjust thermostats as required to maintain the Building Standard temperature. 

22. All requests for overtime air conditioning or heating must be submitted in writing to the Building management office by
noon on the day desired for weekday requests, by noon Friday for weekend requests, and by noon on the preceding business day for Holiday requests. 

23. Tenants shall only utilize the termite and pest extermination service provided, designated or approved by Landlord. 

24. No tenant shall install, operate or maintain in its leased premises or in any other area of the Building, any electrical
equipment which does not bear the U/L (Underwriters Laboratories) seal of approval, or which would overload the electrical system or any part thereof beyond its capacity for proper, efficient and safe operation as determined by Landlord, taking into
consideration the overall electrical system and the present and future requirements therefor in the Building. 
 25. Parking
in the Parking Structure shall be in compliance with all parking rules and regulations including any sticker or other identification system established by Landlord. Failure to observe the rules and regulations shall terminate an individual’s
right to use the Parking Structure and subject the vehicle in violation to removal and/or impoundment. Parking stickers or other forms of identification supplied by Landlord shall remain the property of Landlord and not the property of a tenant and
are not transferable. The owner of the vehicle or its driver assumes all risk and responsibility for damage, loss or theft to vehicles, personal property or persons while such vehicle is in the Parking Structure. 

26. Each tenant shall observe Landlord’s reasonable rules with respect to maintaining standard window coverings at all
windows in its leased premises so that the Building presents a uniform exterior appearance. Each tenant shall ensure that to the extent reasonably practical, window coverings are closed on all windows in its leased premises while they are exposed to
the direct rays of the sun. 
 27. Bicycles and other vehicles are not permitted inside or on the walkways outside the
Building, except in those areas specifically designated by Landlord for such purposes and except as may be needed or used by a physically handicapped person. 

28. Landlord reserves the right to rescind any of these rules and regulations and to make such other and further rules and
regulations as in its judgment shall from time to time be needful for the safety, protection, care and cleanliness of the Building, the operation thereof, the preservation of good order therein and the protection and comfort of the tenants and their
agents, employees and invitees, which rules 

 
and regulations, when made and written notice thereof is given to a tenant, shall be binding upon it in like manner as if originally herein prescribed. 

 Exhibit “B” 

Depiction of Second Expansion PremisesEX-10.A

 Exhibit 10.A 

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT 

TERMS AND CONDITIONS 

This Performance-Based Restricted Stock Unit Award Agreement (this “Agreement”) is made and entered into as of the Grant Date as
indicated on the equity award summary provided with this Agreement by and between Mentor Graphics Corporation, an Oregon corporation (the “Company”), and you pursuant to the Mentor Graphics Corporation 2010 Omnibus Incentive Plan (the
“Plan”). Compensation paid pursuant to this Agreement is intended to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986 (the “Code”). Unless otherwise defined herein,
capitalized terms used in this Agreement have the same defined meanings as in the Plan. The terms of this Agreement are as follows: 
  

	1.	Grant of Performance-Based Restricted Stock Units. 

 Pursuant to the Plan, the Company
hereby grants you performance-based restricted stock units (the “PBRSUs”) with respect to shares of the Company’s common stock. Subject to the terms and conditions of this Agreement, the Company shall issue to you the number of shares
of the Company’s common stock determined under this Agreement based on (a) the performance of the Company during the two-year period from February 1, 2014 to January 31, 2016 (the “Performance Period”) as described in
2, and your continued employment from the Grant Date to September 11, 2016 (the “Vesting Date”) as described in 3. The number of the PBRSUs granted to you is indicated on the equity award summary provided with this Agreement. By
accepting this grant of the PBRSUs, you agree to all of the terms and conditions of this Agreement and the Plan. 
  

	2.	Performance Condition. 

  

	 	2.1	Subject to adjustment under 3, 6 and 7, the number shares of the Company’s common stock to be issued to you under this Agreement shall be determined by multiplying the Payout Factor (as defined below) by the number
of PBRSUs granted to you. 

  

	 	2.2	The Payout Factor shall be determined based on the Company’s Non-GAAP Operating Income Margin (as defined in 14.1) for the fiscal year ending January 31, 2015 (the “FY15 Margin”) and the
Company’s Non-GAAP Operating Income Margin for the fiscal year ending January 31, 2016 (the “FY16 Margin”), and shall be the higher of the FY15 Payout Factor or the FY16 Payout Factor determined under the following table:

  

							
	 FY15 Margin
	 	 FY15 Payout Factor
	 	 FY16 Margin
	 	 FY16 Payout Factor

	 less than 16.0%
	 	0%	 	less than 16.0%	 	0%
	 16.0% - 16.9%
	 	20%	 	16.0% - 16.9%	 	15%
	 17.0% - 17.9%
	 	40%	 	17.0% - 17.9%	 	30%
	 18.0% - 18.9%
	 	60%	 	18.0% - 18.9%	 	45%
	 19.0% - 19.9%
	 	80%	 	19.0% - 19.9%	 	60%
	 20.0% - 20.4%
	 	100%	 	20.0% - 20.4%	 	75%
	 20.5% - 20.9%
	 	110%	 	20.5% - 20.9%	 	110%
	 21.0% - 21.4%
	 	120%	 	21.0% - 21.4%	 	120%
	 21.5% or more
	 	130%	 	21.5% or more	 	130%

  

	 	2.3	If a Change in Control (as defined in 14.4) or a Company Sale (as defined in 8.2) occurs before the Vesting Date, the Payout Factor for any payout of shares occurring after the Change in Control or Company Sale shall be
100%; provided, however, that if the Change in Control or Company Sale occurs on or after January 31, 2016, the Payout Factor shall be the greater of 100% or the amount determined under 2.2, and if the Change in Control or Company Sale occurs
on or after January 31, 2015 and before January 31, 2016, the Payout Factor shall be the greater of 100% or the amount determined under 2.2 based solely on the FY15 Margin. 

 

	3.	Employment Condition. 

  

	 	3.1	Except as provided in 3.2, 3.3 or 8.2, in order to receive a payout of shares under this Agreement, you must remain continuously and actively employed by the Company or any of its Subsidiaries or Affiliates through the
Vesting Date. 

  

	 	3.2	If your employment terminates as a result of death, Disability (as defined in 14.9) or Involuntary Termination (as defined in 14.10) on or after January 31, 2016 and before the Vesting Date, you shall be entitled
to receive a payout of the number of shares determined under 2 not more than ninety (90) days after such event. If your employment terminates as a result of death, Disability or Involuntary Termination on or after January 31, 2015 and
before January 31, 2016, you shall be entitled to receive a payout not more than ninety (90) days after such event of the number of shares determined under 2 based solely on the FY15 Margin. 

 

	 	3.3	You shall be entitled to receive a payout within ninety (90) days of the number of shares determined under 2 if: 

  

	 	3.3.1	a Change in Control (as defined in 14.4) occurs before the Vesting Date, and 

  

	 	3.3.2	at any time after the earlier of the Approval Date (as defined in 14.5), if any, or the Change in Control and on or before the first anniversary of the Change in Control, (a) your employment is terminated by the
Company or a Subsidiary or Affiliate without Cause (as defined in 14.6), (b) your employment is terminated by you for Good Reason (as defined in 14.8), or (c) your employment terminates as a result of your death or Disability;

 provided, however, that you may also become entitled to a payout in connection with a Change in Control that
also meets the definition of a Company Sale as provided in 8.2. 
  

	 	3.4	In the event of termination of your employment (as defined in 3.5) before the Vesting Date for any reason other than as described in 3.2 or 3.3, the PBRSUs shall be forfeited and you shall have no right to vest in such
PBRSUs or to receive the underlying shares of common stock. 

  

	 	3.5	For purposes of this Agreement, your employment will be considered terminated as of the date you are no longer actively providing services to the Company or any of its Subsidiaries or Affiliates (regardless of the
reason for termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any) and will not be extended by any statutory or
contractual notice period (e.g., your period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where you are employed or the
terms of your employment agreement, if any). 

  
 1 

	 	3.6	If you are a party to an employment or severance agreement with the Company that includes any general provisions for vesting of restricted stock units held by you, those provisions shall not apply and the vesting and
payment of PBRSUs shall be subject only to the terms of this Agreement. 

  

	4.	Nature of Grant. 

  

	 	4.1	Nature of Grant. In accepting the grant you understand, acknowledge and agree that: 

  

	 	4.1.1	the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

  

	 	4.1.2	the grant of the PBRSUs is voluntary and occasional and does not create any contractual or other right to receive future grants of PBRSUs, or benefits in lieu of the PBRSUs, even if PBRSUs have been granted in the past;

  

	 	4.1.3	all decisions with respect to future grants of the PBRSUs, if any, will be at the sole discretion of the Company; 

  

	 	4.1.4	the PBRSU grant and your participation in the Plan shall not create a right to employment or be interpreted as forming an employment or service contract with the Company, the Employer (as defined in 14.7) or any other
Subsidiary or Affiliate and shall not interfere with the ability of the Company, the Employer or any other Subsidiary or Affiliate, as applicable, to terminate your employment or service relationship (if any); 

 

	 	4.1.5	you are voluntarily participating in the Plan; 

  

	 	4.1.6	the grant of the PBRSUs and the shares of common stock subject to the PBRSUs are not intended to replace any pension rights or compensation; 

 

	 	4.1.7	the PBRSUs and the shares of common stock subject to the PBRSUs, and the income and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination,
redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; 

  

	 	4.1.8	the future value of the underlying shares of common stock is unknown, indeterminable and cannot be predicted with certainty; 

  

	 	4.1.9	no claim or entitlement to compensation or damages shall arise from forfeiture of the PBRSUs resulting from the termination of your employment (as defined in 3.5) by the Company or the Employer (for any reason
whatsoever and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any) and in consideration of the grant of the PBRSUs to which
you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company, the Employer or any other Subsidiary or Affiliate, to waive your ability, if any, to bring any such claim, and to release the Company, the
Employer and all other Subsidiaries and Affiliates from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall be deemed irrevocably to have
agreed not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claims; and 

  

	 	4.1.10	except as provided in 8.2, the PBRSUs and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

 

	 	4.2	No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan or your acquisition or sale of
the underlying shares of common stock. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan. 

 

	5.	Non-Assignability of PBRSUs. 

 The PBRSUs may not be assigned or transferred except on
death, by will or operation of law. 
  

	6.	Certification and Delivery of Shares 

 As soon as practicable following the completion of
the audit of the Company’s consolidated financial statements for the final fiscal year of the Performance Period, the Company shall calculate the Payout Factor and the corresponding number of shares of the Company’s common stock that will
be issuable to you upon satisfaction of the employment condition. This calculation shall be submitted to the Compensation Committee of the Company’s Board of Directors (the “Committee”). No later than the Vesting Date the Committee
shall certify in writing (which may consist of approved minutes of a Committee meeting) the levels of FY15 Margin and FY16 Margin attained by the Company and the number of shares of the Company’s common stock issuable to you based on such
performance. Not more than ninety (90) days after the Vesting Date, if you have satisfied the employment condition, the Company will issue to you the number of shares of common stock so certified, and will deliver such shares to a brokerage
account established by you in accordance with instructions from the Company or in such other manner as may be determined by the Company, but no shares shall be issued prior to certification. No fractional shares shall be issued and the number of
shares deliverable shall be rounded to the nearest whole share. In the event of your death, Disability or Involuntary Termination as described in 3.2, a Change in Control as described in 3.3 or a Company Sale as described in 8.2, each of which may
require an award payout earlier than the Vesting Date, a similar calculation and certification process shall be followed within the time frames required by those sections. 
  

	7.	Tax Withholding 

  

	 	7.1	If you are a U.S. taxpayer, you acknowledge that on each date that shares underlying the PBRSUs are issued to you (the “Payment Date”), the fair market value of the shares of common stock will be treated as
ordinary compensation income for U.S. federal and state income and FICA tax purposes, and that the Company will be required to withhold taxes on these income amounts pursuant to 7.3 below. 

 

	 	7.2	You acknowledge that, regardless of any action taken by the Company or the Employer, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related
items related to your participation in the Plan and legally applicable to you or deemed by the Company or the Employer to be an appropriate charge to you even if technically due by the Company or the Employer (“Tax-Related Items”) is and
remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the PBRSUs, including, but not limited to, the grant, vesting, or settlement of the PBRSUs, the subsequent sale of shares of common stock acquired pursuant to such issuance and the receipt of any
dividends and/or dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the PBRSUs to reduce or eliminate your liability for Tax-Related Items or achieve any particular
tax result. Further, if you have become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, you acknowledge that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

  
 2 

	 	7.3	Prior to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, you
authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy their withholding obligations with regard to all Tax-Related Items by one or a combination of the following: 

 

	 	7.3.1	withholding from your wages or other cash compensation paid by the Company and/or the Employer; or 

  

	 	7.3.2	withholding from proceeds of the sale of shares of common stock acquired upon vesting/settlement of the PBRSUs, either through a voluntary sale or through a mandatory sale arranged by the Company on your behalf pursuant
to this authorization; or 

  

	 	7.3.3	withholding in shares of common stock to be issued upon vesting/settlement of the PBRSUs. 

  

	 	7.4	Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum
applicable rates, in which case you will receive a refund of any over-withheld amount in cash and will have no entitlement to the common stock equivalent. If the obligation for Tax-Related Items is satisfied by withholding in shares of common stock,
for tax purposes, you are deemed to have been issued the full number of shares of common stock subject to the vested PBRSUs, notwithstanding that a number of the shares of common stock are held back solely for the purpose of paying the Tax-Related
Items. 

  

	 	7.5	Finally, you agree to pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan that
cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the shares or the proceeds of the sale of shares of common stock if you fail to comply with your obligations in connection with the Tax-Related Items.

  

	8.	Changes in Capital Structure. 

  

	 	8.1	If, prior to the payout of shares of the Company’s common stock under this Agreement, the outstanding shares of common stock of the Company are increased or decreased or changed into or exchanged for a different
number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, or dividend payable in shares, appropriate adjustment shall be made by the Committee in the number
and kind of shares subject to this Agreement so that your proportionate interest before and after the occurrence of the event is maintained. Fractional shares will be disregarded. Any such adjustment made by the Committee shall be conclusive.

  

	 	8.2	If, prior to the payout of shares of the Company’s common stock under this Agreement, there shall occur a merger, consolidation, or plan of exchange involving the Company pursuant to which outstanding shares of
common stock of the Company are converted into cash, other securities or other property, or a sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, the assets of the Company
(each event listed in this 8.2, a “Company Sale”), then either: 

  

	 	8.2.1	the unvested PBRSUs shall be converted into restricted stock units of the surviving or acquiring corporation in the applicable transaction, with the amount and type of shares to be issued under such converted restricted
stock units to be determined by the Committee, taking into account the Payout Factor determined under 2.3, the relative values of the companies involved in the applicable transaction and the exchange rate, if any, used in determining shares of the
surviving corporation to be held by holders of shares of the Company following the applicable transaction; or 

  

	 	8.2.2	the number of shares determined under 2 shall be issued to you simultaneously with the closing of the applicable transaction such that you will participate as a shareholder in receiving proceeds from such transaction
with respect to those shares. 

  

	9.	Successorship. 

 Subject to the limits in 4 above, this Agreement will be binding upon
and benefit the parties, their successors and assigns. 
  

	10.	Governing Law/Venue. 

  

	 	10.1	The grant of PBRSUs and the provisions of this Agreement are governed by and subject to, the laws of the state of Oregon, without regard to the conflict of law provisions, as provided in the Plan. 

 

	 	10.2	For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or this Agreement, the parties hereby submit to and consent to the exclusive
jurisdiction of the state of Oregon and agree that such litigation shall be conducted only in the courts of Clackamas County, Oregon, or the federal courts for the United States for the District Court of Oregon, and no other courts, where this grant
is made and/or to be performed. 

  

	11.	Language. 

 If you have received this Agreement or any other document related to the Plan
translated into a language other than English, and if the meaning of the translated version is different from the English version, the English version will control. 
  

	12.	Notices. 

 Any notices under this Agreement must be in writing and will be effective when
actually delivered (including via electronic mail) or, if mailed, when deposited postpaid. Mail shall be directed to you at your address shown in the Company’s records or to such other address as you may certify by notice to the Company’s
legal department. 
  

	13.	Electronic Delivery. 

 The Company, may, in its sole discretion, decide to deliver any
documents related to current or future participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the Company. 
  

	14.	Definitions. 

  

	 	14.1	Non-GAAP Operating Income Margin. Non-GAAP Operating Income Margin for any fiscal year shall mean the Non-GAAP Operating Income (as defined in 14.2) for that fiscal year divided by the Revenue (as defined in
14.3) for that fiscal year, with the result expressed as a percentage and rounded to the nearest tenth of a percentage point. 

  

	 	14.2	Non-GAAP Operating Income. Non-GAAP Operating Income for any fiscal year shall mean the sum of the following items for that fiscal year: Operating Income plus Special Charges plus 123R Expense plus Amortization
plus Frontline Amortization plus Impairment Charges and further adjusted to eliminate the effect of Accounting Changes (each as defined below). 

  

	 	14.2.1	Operating Income. Operating Income shall mean the Company’s operating income as set forth on the audited consolidated statement of operations of the Company and its subsidiaries for the applicable fiscal
year. 

  

	 	14.2.2	Special Charges. Special Charges shall mean the expense for special charges reported by the Company as set forth on the audited consolidated statement of operations of the Company and its subsidiaries for the
applicable fiscal year. 

  
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	 	14.2.3	123R Expense. 123R Expense shall mean the stock-based compensation expense reported by the Company as set forth in the audited consolidated financial statements of the Company and its subsidiaries for the
applicable fiscal year. 

  

	 	14.2.4	Amortization. Amortization shall mean the expense for amortization of purchased technology and other intangible assets reported by the Company as set forth on the audited consolidated statement of operations of
the Company and its subsidiaries for the applicable fiscal year. 

  

	 	14.2.5	Frontline Amortization. Frontline Amortization shall mean the expense recorded by the Company (and included in the “Equity in earnings of Frontline” line item on the audited consolidated statement of
operations of the Company and its subsidiaries for the applicable fiscal year) for the Company’s share of the amortization of purchased technology and other intangible assets of Frontline P.C.B. Solutions Limited Partnership. 

 

	 	14.2.6	Impairment Charges. Impairment Charges shall mean the expense for impairment of long-lived assets, if any, reported by the Company as set forth on the audited consolidated statement of operations of the Company
and its subsidiaries for the applicable fiscal year. 

  

	 	14.2.7	Accounting Changes. Accounting Changes shall mean any change in accounting principle or presentation that the Company implements in or for any portion of the Performance Period, either as a result of the issuance
of new accounting standards or otherwise, the effect of which was not reflected in the Company’s business plan on the Grant Date. 

  

	 	14.3	Revenue. Revenue for any fiscal year shall mean the Company’s total revenues as set forth on the audited consolidated statement of operations of the Company and its subsidiaries for the fiscal year.

  

	 	14.4	Change in Control. A Change in Control shall be deemed to occur upon the earliest to occur after the Grant Date of any of the following events: 

 

	 	14.4.1	Acquisition of Stock by Third Party. The acquisition by any Person of Beneficial Ownership of 40% or more of either the then-outstanding shares of common stock of the Company or the Outstanding Voting Securities;
provided, however, that any acquisition directly from the Company shall not constitute a Change in Control; 

  

	 	14.4.2	Change in Board of Directors. Individuals who, as of the Grant Date, constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s shareholders was
approved by a vote of at least two thirds of the directors then still in office who were directors on the Grant Date or whose election or nomination for election was previously so approved (collectively, the “Continuing Directors”), cease
for any reason to constitute at least a majority of the members of the Board; 

  

	 	14.4.3	Corporate Transactions. The effective date of a reorganization, merger or consolidation of the Company (a “Business Combination”), in each case, unless immediately following such Business Combination:
(a) all or substantially all of the Persons who were Beneficial Owners of Outstanding Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 51% of the combined voting power of the
then outstanding securities entitled to vote generally in the election of directors of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction either owns the
Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Voting
Securities; (b) no Person (excluding any corporation resulting from such Business Combination) is the Beneficial Owner, directly or indirectly, of 40% or more of the combined voting power of the then outstanding securities entitled to vote
generally in the election of directors of such corporation except to the extent that such ownership existed prior to such Business Combination; and (c) at least a majority of the board of directors of the corporation resulting from such
Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; 

 

	 	14.4.4	Liquidation. The approval by the shareholders of the Company of a complete liquidation of the Company or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all
of the Company’s assets, other than factoring the Company’s current receivables or escrows due (or, if such approval is not required, the decision by the Board to proceed with such a liquidation, sale or disposition in one transaction or a
series of related transactions); or 

  

	 	14.4.5	Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar or successor item on any
similar or successor schedule or form) promulgated under the Exchange Act, whether or not the Company is then subject to such reporting requirement. 

  

	 	14.4.6	Certain Definitions. For purposes of 14.4, the following terms shall have the following meanings: 

“Beneficial Owner” and “Beneficial Ownership” shall have the meanings set forth in Rule 13d-3 promulgated
under the Exchange Act. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Outstanding Voting Securities” means the combined voting power of the then-outstanding voting securities of the Company
entitled to vote generally in the election of directors. 
 “Person” shall have the meaning as set forth in Sections 13(d)
and 14(d) of the Exchange Act; provided, however, that Person shall exclude (i) the Company, (ii) any Subsidiary of the Company, (iii) any employee benefit plan of the Company or Subsidiary of the Company or of any corporation owned,
directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company, and (iv) any trustee or other fiduciary holding securities under an employee benefit plan of the
Company or Subsidiary of the Company or of a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company. 

“Subsidiary” means, with respect to any Person, any business organization or legal entity of which a majority of the voting
power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person. 
  

	 	14.5	Approval Date. Approval Date means the date on which the shareholders of the Company approve a transaction, the consummation of which would result in the occurrence of a Change in Control. 

 

	 	14.6	 Cause. If you are a party to an employment or severance agreement with the Company, Cause shall have the meaning set forth therein. If you are
not a party to an employment or severance agreement with the Company, termination by the Company or any Subsidiary or Affiliate of your employment for Cause shall mean termination (a) upon your willful and continued failure to perform
substantially your duties with the Company or any Subsidiary or Affiliate (other than any such failure resulting from your incapacity due to physical or mental illness), (b) upon your willful and continued failure to follow and comply
substantially with the specific and lawful directives of any person to whom you directly or indirectly report within the Company or any Subsidiary or Affiliate (other than any such failure resulting from your

  
 4 

	 	
incapacity due to physical or mental illness), (c) upon your willful commission of an act of fraud or dishonesty resulting in economic or financial injury to the Company or any Subsidiary or
Affiliate, or (d) upon your willful engagement in illegal conduct which is injurious to the Company or any Subsidiary or Affiliate. 

  

	 	14.7	Employer. Employer means the Company or the Subsidiary or Affiliate which employs you. 

  

	 	14.8	Good Reason. If you are a party to a severance or employment agreement with the Company, Good Reason shall have the meaning set forth therein. If you are not a party to a severance or employment agreement with
the Company, Good Reason shall mean, without your express written consent, the occurrence of any of the following circumstances, provided you give notice to the Company of your intent to terminate your employment for Good Reason within 90 days after
notice to you of such circumstances and such circumstances are not fully corrected by the Company or any Subsidiary or Affiliate within 30 days after your notice: 

 

	 	14.8.1	the assignment to you of any duties inconsistent with your position in the Company or any Subsidiary or Affiliate, a significant adverse alteration in the nature or status of your responsibilities or the conditions of
your employment, or any other action by the Company or any Subsidiary or Affiliate that results in a material diminution in your position, authority, title, duties or responsibilities; 

 

	 	14.8.2	the reduction of your annual base salary as in effect on the Grant Date or as the same may be increased from time to time; 

  

	 	14.8.3	the relocation of the offices at which you are principally employed (your “Principal Location”) to a location more than twenty-five (25) miles from such location or the Company or any Subsidiary or
Affiliate requiring you, without your written consent, to be based anywhere other than your Principal Location, except for required travel on the Company’s or any Subsidiary’s or Affiliate’s business to an extent substantially
consistent with your present business travel obligations; 

  

	 	14.8.4	the failure to pay to you any portion of your current compensation or to pay to you any portion of an installment of deferred compensation under any deferred compensation program of the Company or any Subsidiary or
Affiliate within seven (7) days of the date such compensation is due; 

  

	 	14.8.5	the failure to continue in effect any material compensation or benefit plan or practice in which you are eligible to participate in (other than any equity based plan), unless an equitable arrangement (embodied in an
ongoing substitute or alternative plan) has been made with respect to such plan, or the failure to continue your participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount
of benefits provided and the level of your participation relative to other participants, as existed prior to any such change; or 

  

	 	14.8.6	the failure to provide you with the number of paid vacation days to which you are entitled on the basis of years of service in accordance with the Employer’s normal vacation policy in effect on the Grant Date.

  

	 	14.9	Disability. If you are a party to a severance or employment agreement with the Company, Disability shall have the meaning set forth therein. If you are not a party to a severance or employment agreement with the
Company, termination of your employment for Disability shall result if, as a result of illness or injury you suffer from a condition of mind or body that permanently prevents full-time employment by the Company or a Subsidiary or Affiliate, as
conclusively determined by the Committee. 

  

	 	14.10  	Involuntary Termination. Involuntary Termination means termination of your employment by the Company or any Subsidiary or Affiliate without Cause or termination of your employment by you for Good Reason.

  

	15.	Severability. 

 The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
  

	16.	Clawback Policy. 

 You acknowledge and agree that all shares acquired by you under this
Agreement shall be subject to the Mentor Graphics Corporation Policy For Recovery Of Incentive Compensation (the “Policy”) as approved by the Board of Directors and the Committee and in effect on the Grant Date, and that the full amount of
any payment received by you under this Agreement that was calculated based on financial statements that are subsequently restated shall be subject to the Policy in the same manner as bonuses under variable incentive plans are subject to the Policy.

  

	17.	Imposition of Other Requirements. 

 The Company reserves the right to impose other
requirements on your participation in the Plan, on the PBRSUs and on any shares of common stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require you to
sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
  

	18.	Code Section 409A. 

  

	 	18.1	Notwithstanding any provision to the contrary in this Agreement, in the event that you are a U.S. taxpayer and any amounts payable hereunder constitute non-qualified deferred compensation under Section 409A of the
Code, then the time of payment of any shares of common stock which become payable by reason of your termination of employment shall not be accelerated unless your termination of employment constitutes a “separation from service” within the
meaning of Section 409A of the Code. 

  

	 	18.2	If you are a U.S. taxpayer and a “specified employee” (within the meaning of Section 409A of the Code) at the time of your separation from service, any delivery of shares of common stock hereunder shall
be made 30 days following the earlier of (i) the expiration of the six-month period following your separation from service and (ii) your death, to the extent such delayed payment is otherwise required to avoid a prohibited distribution
under Section 409A of the Code. 

  

	 	18.3	If you are a U.S. taxpayer, to the extent that the payment event for any amount under this Agreement constituting non-qualified deferred compensation under Section 409A of the Code is a Change in Control, such
amount shall become payable only if the event constituting a Change in Control would also constitute a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within
the meaning of Section 409A of the Code. 

  

	 	18.4	If you are a U.S. taxpayer, the PBRSUs granted hereunder are intended to be compliant with Section 409A of the Code, and shall be interpreted, construed and operated to reflect this intent. Notwithstanding the
foregoing, this Agreement and the Plan may be amended at any time, without the consent of any party, to the extent necessary or desirable to satisfy any of the requirements under Section 409A of the Code, but the Company shall not be under any
obligation to make any such amendment. 

  

	 	18.5	Nothing in this Agreement or the Plan shall provide a basis for any person to take action against the Company or any Subsidiary or Affiliate based on matters covered by Section 409A of the Code, including the tax
treatment of any amount paid or PBRSUs granted under this Agreement, and neither the Company nor any of its Subsidiaries or Affiliates shall, under any circumstances, have any liability to you or your estate or any other party for any taxes,
penalties or interest due on amounts paid or payable under this Agreement, including taxes, penalties or interest imposed under Section 409A of the Code. 

  
 5 

	19.	Waiver. 

 You acknowledge that a waiver by the Company of breach of any provision of this
Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

* * * * * * * * * * * * * 
 By clicking the
“Accept” button, you represent that you are familiar with the terms and provisions of the Plan, and hereby accept this Agreement subject to all of the terms and provisions thereof. You have reviewed the Plan and this Agreement in their
entirety and fully understand all provisions of this Agreement. You agree to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan or this Agreement. 

You acknowledge and agree that if you have not actively accepted the PBRSUs by clicking the “Accept” button or rejected the PBRSUs prior to the
first anniversary of the Grant Date, you are deemed to have accepted the PBRSUs and the terms and conditions set forth in the Plan and this Agreement. 

  
 6

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