Document:

EX-4.2

 Exhibit 4.2 

LYFT, INC. 
 AMENDED AND
RESTATED INVESTORS’ RIGHTS AGREEMENT 
 JUNE 27, 2018 

 LYFT, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is made as of June 27,
2018, by and among Lyft, Inc., a Delaware corporation (the “Company”) and the holders of the Company’s Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D
Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and/or Series I Preferred Stock as set forth on Schedule A hereto (each an “Investor” and collectively
the “Investors”) along with the holders of the Company’s Common Stock set forth on Schedule B hereto (the “Founders”). 

RECITALS 

WHEREAS, certain of the Investors (the “Existing Investors”) hold shares of the Series Seed Preferred Stock
(as defined below), shares of the Series A Preferred Stock (as defined below), shares of the Series B Preferred Stock (as defined below), Series C Preferred Stock (as defined below), Series D Preferred Stock (as defined below), Series E Preferred
Stock (as defined below), Series F Preferred Stock (as defined below), Series G Preferred Stock (as defined below) and/or Series H Preferred Stock (as defined below) and possess registration rights, information rights, rights of first offer, and
other rights pursuant to that certain Amended and Restated Investors’ Rights Agreement dated October 18, 2017 between the Company and such Existing Investors (the “Prior Agreement”); and 

WHEREAS, certain of the Investors and the Company are parties to that certain Series I Preferred Stock Purchase Agreement of
even date herewith (as may be amended, amended and restated, modified or supplemented from time to time, the “Purchase Agreement”), under which certain of the Company’s and such Investors’ obligations are conditioned upon
the execution and delivery of this Agreement by such Investors, the holders of a majority of the Registrable Securities (as defined in the Prior Agreement), and the Company; and 

WHEREAS, pursuant to Section 5.1 of the Prior Agreement, any term of the Prior Agreement may be amended or waived (either
generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the holders of a majority of the Registrable Securities (as defined in the Prior Agreement) then outstanding and
Sections 3 and 4 may be amended or waived only with the written consent of the holders of a majority of the Registrable Securities then held by Major Investors (as defined in the Prior Agreement); and 

WHEREAS, the Company and the undersigned Existing Investors desire to amend and restate the Prior Agreement in its entirety
and to accept the rights created pursuant to this Agreement in lieu of the rights granted to them under the Prior Agreement; and the Company and such Existing Investors executing this Agreement together represent sufficient signatory authority to
amend and restate the Prior Agreement. 

  
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 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties to this Agreement agree as
follows: 
 1. Certain Definitions. For purposes of this Agreement: 

1.1 “1934 Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 1.2 “Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 
 1.3 “Additional Series I Investor” means investors purchasing Series
I Preferred Stock after the date hereof. 
 1.4 “Additional Series I Shares” means additional shares of
Series I Preferred Stock sold and issued by the Company. 
 1.5 “Affiliate” means, with respect to any
specified Person, any other Person who or which, directly or indirectly, controls, is controlled by, or is under common control with such specified Person, including, without limitation, any general partner, officer, director or manager of such
person and any venture capital or other investment fund now or hereafter existing that is controlled by one or more general partners or managing members of, or is under common investment management with, such Person. 

1.6 “Common Stock” means shares of the Company’s common stock, par value $0.00001 per share. 

1.7 “Form S-1” means such form under the Securities Act as in effect
on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 
 1.8
“Form S-3” means such form under the Act as in effect on the date hereof or any registration form under the Act subsequently adopted by the SEC that permits inclusion or incorporation of
substantial information by reference to other documents filed by the Company with the SEC. 
 1.9 “Founders
Fund” means The Founders Fund IV, LP and The Founders Fund IV Principals Fund, LP and their Affiliates and assigns. 

1.10 “Holder” means any person owning or having the right to acquire Registrable Securities or any assignee
thereof in accordance with Section 2.10(a). 
 1.11 “Initial Public Offering”
means the first underwritten public offering of securities of the Company pursuant to an effective registration statement under the Act (other than a registration statement relating either to the sale of securities to employees of the Company
pursuant to a stock option, stock purchase or similar plan or a transaction consummated pursuant to Rule 145 promulgated under the Act). 

  
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 1.12 “Initiating Holders” means collectively, Holders who
properly initiate a registration request under this Agreement. 
 (a) “Other Selling Stockholder” means
each Founder listed on Schedule B hereto and any assignee thereof in accordance with Section 2.10(b). 

(b) “Other Shares” means the shares of Common Stock held by the Founders set forth on Schedule B hereto or
assigned in accordance with Section 2.10(b). 
 1.13 “Permitted Founders Fund Entity”
means The Founders Fund IV Management LLC, The Founders Fund IV, LP, The Founders Fund IV Principals Fund, LP, Lembas IV (or, in the alternative, one other similar Founders Fund investment vehicle), Peter Thiel, up to three Founders Fund
employee investment vehicles, any partner (including any retirement accounts held on behalf of any such partner) or Affiliate of any of the foregoing. 

1.14 “Person” means any individual, corporation, partnership, trust, limited liability company, association
or other entity. 
 1.15 “Preferred Directors” means, collectively, the Series B Director, the Series C
Director, the Series E Directors, the Series F Director and the Series H Director. 
 1.16 “Preferred Stock”
means, collectively, shares of the Company’s Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G
Preferred Stock, Series H Preferred Stock and Series I Preferred Stock. 
 1.17 “Prior Securities” means,
collectively, (a) the Common Stock issuable or issued upon conversion of shares of Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock, (b) the Common Stock
acquired pursuant to that certain Common Stock Purchase Agreement by and between the Company, Discovery Global Citizens Master Fund, Ltd., Discovery Global Focus Master Fund, Ltd. and Discovery Global Opportunity Master Fund, Ltd. and the sellers
listed therein dated on or about March 21, 2014, and (c) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution
with respect to, or in exchange for, or in replacement of, the shares referenced in (a) and (b) above in each case that are Registrable Securities. 

1.18 “Qualified Public Offering” means the first underwritten public offering of securities of the Company
pursuant to an effective registration statement under the Act (other than a registration statement relating either to the sale of securities to employees of the Company pursuant to a stock option, stock purchase or similar plan or a transaction
consummated pursuant to Rule 145 promulgated under the Act) resulting in gross proceeds to the Company (before deducting underwriting discounts and commissions) of at least $150,000,000. 

  
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 1.19 “register,” “registered,” and
“registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or
document. 
 1.20 “Registrable Securities” means (a) the Common Stock issuable or issued upon
conversion of the Preferred Stock, (b) the Common Stock acquired pursuant to that certain Common Stock Purchase Agreement by and between the Company, Discovery Global Citizens Master Fund, Ltd., Discovery Global Focus Master Fund, Ltd. and
Discovery Global Opportunity Master Fund, Ltd. and the sellers listed therein dated on or about March 21, 2014, and (c) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other
security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the shares referenced in (a) and (b) above, excluding in all cases, however, any Registrable Securities sold by a person
(i) in a transaction in which his, her or its rights under Section 2 are not assigned, (ii) pursuant to a registration statement under the Act, or (iii) in a transaction in which such Registrable Securities
are sold pursuant to Rule 144 (or any similar provision then in force) promulgated under the Act. 
 1.21 The number of
shares of “Registrable Securities then outstanding” shall be determined by the sum of (a) the number of shares of Common Stock outstanding that are Registrable Securities and (b) the number of shares of Common Stock
issuable pursuant to then exercisable or convertible securities that are Registrable Securities. 
 1.22 “SEC”
means the Securities and Exchange Commission. 
 1.23 “Series A Preferred Stock” means shares of the
Company’s Series A Preferred Stock, par value $0.00001 per share. 
 1.24 “Series B Director” means
the director elected by the holders of Series B Preferred Stock. 
 1.25 “Series B Preferred Stock” means
shares of the Company’s Series B Preferred Stock, par value $0.00001 per share. 
 1.26 “Series C
Director” means the director elected by the holders of Series C Preferred Stock. 
 1.27 “Series C
Preferred Stock” means shares of the Company’s Series C Preferred Stock, par value $0.00001 per share. 
 1.28
“Series D Preferred Stock” means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share. 

1.29 “Series E Directors” mean the directors elected by the holders of Series E Preferred Stock. 

1.30 “Series E Preferred Stock” means shares of the Company’s Series E Preferred Stock, par value
$0.00001 per share. 

  
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 1.31 “Series F Director” means the director elected by the
holders of Series F Preferred Stock. 
 1.32 “Series F Preferred Stock” means shares of the Company’s
Series F Preferred Stock, par value $0.00001 per share. 
 1.33 “Series G Preferred Stock” means shares of
the Company’s Series G Preferred Stock, par value $0.00001 per share. 
 1.34 “Series H Director”
means the director elected by the holders of Series H Preferred Stock. 
 1.35 “Series H Preferred Stock”
means shares of the Company’s Series H Preferred Stock, par value $0.00001 per share. 
 1.36 “Series I
Preferred Stock” means shares of the Company’s Series I Preferred Stock, par value $0.00001 per share. 
 1.37
“Series Seed Preferred Stock” means shares of the Company’s Series Seed Preferred Stock, par value $0.00001 per share. 

2. Registration Rights. 

2.1 Demand Registration. 

(a) Form S-1 Registration. 

(i) Subject to the conditions of this Section 2.1(a), if the Company shall receive at any time on
or following either (A) five years after the date of this Agreement, a written request from Holders holding a majority of the then-outstanding Registrable Securities that the Company file a Form S-1
registration statement under the Act covering the registration of a majority of the then-outstanding Registrable Securities or (B) six months after the effective date of the Initial Public Offering, a written request from Holders holding
thirty-five percent (35%) of the then-outstanding Registrable Securities that the Company file a registration statement under the Act covering the registration of all or a part of the then-outstanding Registrable Securities, then the Company shall,
(X) within 20 days of the receipt thereof, give written notice (the “Holders’ Notice”) of such request to all Holders other than the Initiating Holders, and (Y) subject to the limitations of this
Section 2.1(a), effect, as soon as practicable, the registration under the Act of all Registrable Securities that the Holders request to be registered in a written request received by the Company within 20 days of the date
of the Holders’ Notice. 
 (ii) Notwithstanding the foregoing, the Company shall not be required to effect a
registration pursuant to this Section 2.1(a): 
 (1) after the Company has effected two
registrations pursuant to this Section 2.1(a), and such registrations have been declared or ordered effective; 

  
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 (2) if the Company has effected a registration pursuant to this
Section 2.1 within the preceding 12 months, and such registration has been declared or ordered effective; 

(3) during the period starting with the date 60 days prior to the Company’s good faith estimate of the date of the
filing of, and ending on a date 180 days following the effective date of, a Company-initiated registration subject to Section 2.2, provided that the Company is actively employing in good faith all reasonable efforts to
cause such registration statement to become effective; 
 (4) if the written request is pursuant to
Section 2.1(a)(i)(B) and the Holders propose to sell Registrable Securities at an aggregate offering price to the public (net of any underwriters’ discounts or commissions) of less than $100,000,000; 

(5) if the Initiating Holders propose to dispose of Registrable Securities that may be registered on Form S-3 pursuant to Section 2.1(b), and in such case, the Company shall comply with its obligations under Section 2.1(b); 

(6) if the Company shall furnish to Holders requesting a registration pursuant to this
Section 2.1(a), a certificate signed by the Company’s Chief Executive Officer or Chairman of the Board of Directors of the Company (the “Board of Directors”) stating that in the good faith judgment of
the Board of Directors, it would be seriously detrimental to the Company and its stockholders for such registration to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than 120
days after receipt of the request of the Initiating Holders, provided that such right to delay a request shall be exercised by the Company not more than twice in any 12-month period; or 

(7) in any particular jurisdiction in which the Company would be required to execute a general consent to service of process
in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required under the Act. 

(b) Form S-3 Registration. In case the Company shall receive from one or more
Holders of Registrable Securities then outstanding a written request or requests that the Company effect a registration on Form S-3, the Company shall: 

(i) promptly give written notice of the proposed registration, and any related qualification or compliance, to all other
Holders; and 
 (ii) effect, as soon as practicable, such registration and all such qualifications and compliances as may
be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any
other Holders joining in such request as are specified in a written request given within 15 days after receipt of such written notice from the Company, provided that the Company shall not be obligated to effect any such registration pursuant to this
Section 2.1(b): 
 (1) if Form S-3 is not available for
such offering by the Holders; 

  
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 (2) if the Holders, together with the holders of any other securities of
the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $1,000,000;

 (3) if the Company shall furnish to the Holders a certificate signed by the Chief Executive Officer or Chairman of the
Board of the Company stating that in the good faith judgment of the Board of Directors, it would be seriously detrimental to the Company and its stockholders for such Form S-3 registration to be effected at
such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than 90 days after receipt of the request of the Holder or Holders
under this Section 2.1(b), provided that the Company shall not utilize this right more than once in any 12-month period; 

(4) if the Company has, within the 12-month period preceding the date of such
request, already effected two registrations on Form S-3 for the Holders pursuant to this Section 2.1(b); or 

(5) in any particular jurisdiction in which the Company would be required to qualify to do business, where not otherwise
required, or to execute a general consent to service of process in effecting such registration, qualification or compliance. 

(iii) Subject to the foregoing, the Company shall file a registration statement covering the Registrable Securities and other
securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this Section 2.1(b) shall not be counted as requests for registration effected
pursuant to Section 2.1(a). 
 2.2 Company Registration. 

(a) If (but without any obligation to do so) the Company proposes to register (including for this purpose a registration
effected by the Company for stockholders other than the Holders) any of its stock or other securities under the Act in connection with the public offering of such securities (other than a registration relating solely to the sale of securities to
participants in a Company stock plan, a registration relating to a corporate reorganization or other transaction consummated pursuant to Rule 145 promulgated under the Act, a registration on any form that does not include substantially the same
information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt
securities that are also being registered), the Company shall, at such time, promptly give each Holder and each Other Selling Stockholder written notice of such registration. Upon the written request of each Holder and each Other Selling Stockholder
given within 10 days after mailing of such notice by the Company, the Company shall, subject to the provisions of Section 2.3 and Section 2.4(e), cause to be registered under the Act all of the Registrable Securities
that each such Holder and all of the Other Shares that each such Other Selling Stockholder has requested to be registered. 

  
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 (b) Right to Terminate Registration. The Company shall have the
right to terminate or withdraw any registration initiated by it under this Section 2.2 prior to the effectiveness of such registration whether or not any Holder or Other Selling Stockholder has elected to include securities in such
registration. The expenses of such withdrawn registration shall be borne by the Company in accordance with Section 2.6 hereof. 

2.3 Underwriting. 

(a) If the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an
underwriting, they shall so advise the Company as a part of their request made pursuant to Section 2.1 and the Company shall include such information in the written notice referred to in Sections 2.1(a)(i) or 2.1(b)(i), as
the case may be. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable
Securities in the underwriting to the extent provided herein. Each Holder proposing to distribute their securities through such underwriting shall enter into, and perform its obligations under, an underwriting agreement in customary form with the
underwriter or underwriters selected for such underwriting by the Company. 
 (b) Notwithstanding any other provision of
Section 2, if the underwriter advises the Company that marketing factors require a limitation of the number of securities underwritten (including Registrable Securities), then the Company shall so advise all Holders of
Registrable Securities and all Other Selling Stockholders who hold Other Shares that would otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders of such
Registrable Securities and the Other Selling Stockholders on a pro rata basis (as nearly as practicable) based on the number of Registrable Securities held by all such Holders (including the Initiating Holders) and the Other Shares held by
the Other Selling Stockholders, provided that no Registrable Securities of Holders or Other Shares of Other Selling Stockholders shall be excluded unless all other stockholders’ securities have been first excluded, and provided further that in
no event shall the amount of securities of the selling Holders and Other Selling Stockholders included in the offering be reduced below 30% of the total amount of securities included in such offering, unless such offering is the Qualified Public
Offering of the Company’s securities, in which case the selling stockholders may be excluded if the underwriters make the determination described above and no other stockholder’s securities are included. Any Registrable Securities and
Other Shares excluded or withdrawn from such underwriting shall be withdrawn from the registration. 
 2.4 Obligations of
the Company. Whenever required under Section 2 to effect the registration of any Registrable Securities or Other Shares, the Company shall, as expeditiously as reasonably possible: 

(a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and Other Shares and
use commercially reasonable efforts to cause such registration statement to become effective, and, upon the request of the holders of a majority of the Registrable Securities and Other Shares registered thereunder, keep such registration statement
effective for a period of up to 120 days or, if earlier, until the distribution contemplated in the registration statement has been completed; 

  
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 (b) prepare and file with the SEC such amendments and supplements to such
registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities covered by such registration statement; 

(c) furnish to each Holder and each Other Selling Stockholder (i) a draft copy of the registration statement, and
(ii) such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Act, and such other documents as it may reasonably request in order to facilitate the disposition of Registrable
Securities or Other Shares owned by it; 
 (d) use its reasonable best efforts to register and qualify the securities
covered by such registration statement under such other securities or “blue sky” laws of such jurisdictions as shall be reasonably requested by the Holders and Other Selling Stockholders, provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business, where not otherwise required, or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such
jurisdiction and except as may be required by the Act; 
 (e) in the event of any underwritten public offering, enter into
and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering; 

(f) notify each holder of Registrable Securities and Other Shares covered by such registration statement, at any time when a
prospectus relating thereto is required to be delivered under the Act, of (i) the issuance of any stop order by the SEC in respect of such registration statement, or (ii) the happening of any event as a result of which the prospectus
included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of
the circumstances then existing, and, at the request of any such Holder or Other Selling Stockholder, the Company will, as soon as reasonably practicable, file and furnish to all such Holders and Other Selling Stockholders a supplement or amendment
to such prospectus (to the extent prepared by or on behalf of the Company) so that, as thereafter delivered to the purchasers of such Registrable Securities or Other Shares, such prospectus will not contain an untrue statement of a material fact or
omit to state any fact necessary to make the statements therein not misleading in light of the circumstances under which they were made; 

(g) cause all such Registrable Securities and Other Shares registered pursuant hereunder to be listed on each securities
exchange on which similar securities issued by the Company are then listed; 

  
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 (h) provide a transfer agent and registrar for all Registrable Securities
and Other Shares registered pursuant hereunder and a CUSIP number for all such Registrable Securities and Other Shares, in each case not later than the effective date of such registration; and 

(i) Use commercially reasonable efforts to furnish, at the request of any Holder or Other Selling Stockholder requesting
registration of Registrable Securities or Other Shares pursuant to Section 2, on the date that such Registrable Securities or Other Shares are delivered to the underwriters for sale in connection with a registration
pursuant to Section 2, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities
becomes effective, an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering and reasonably
satisfactory to a majority in interest of the Holders and Other Selling Stockholders requesting registration, addressed to the underwriters and to the Holders requesting registration of Registrable Securities and any Other Selling Stockholders
requesting registration of Other Shares. 
 2.5 Information from Holders and Other Selling Stockholders. 

(a) It shall be a condition precedent to the obligations of the Company to take any action pursuant to Section 2
with respect to the Registrable Securities of any selling Holder and the Other Shares of any Other Selling Stockholder that such Holder or Other Selling Stockholder shall furnish to the Company such information regarding itself, the Registrable
Securities or Other Shares held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of such Holder’s Registrable Securities or such Other Selling Stockholder’s Other
Shares. 
 (b) The Company shall have no obligation with respect to any registration requested pursuant to
Section 2.1 if, due to the operation of Section 2.5(a), the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed
the number of shares or the anticipated aggregate offering price required to originally trigger the Company’s obligation to initiate such registration as specified in Section 2.1. 

2.6 Expenses of Registration. 

(a) All expenses other than underwriting discounts and commissions incurred in connection with registrations, filings or
qualifications pursuant to Sections 2.1(a) or 2.1(b), including, without limitation, all registration, filing and qualification fees (including “blue sky” fees), printers’ and accounting fees, fees and disbursements of
counsel for the Company, and the fees and disbursements of one counsel for the selling Holders, shall be borne by the Company. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding
begun pursuant to Section 2.1 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such
expenses pro rata based upon the number of Registrable Securities that were to be registered in the withdrawn 

  
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 registration), unless, in the case of a registration requested under
Section 2.1, the Holders of a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 2.1; provided, however, that if at the time of such
withdrawal, the Holders (i) have learned of a material adverse change in the condition, business, or prospects of the Company that was not known to the Holders at the time of their request and (ii) have withdrawn the request with
reasonable promptness following disclosure by the Company of such material adverse change, then the Holders shall not be required to pay any of such expenses and shall not forfeit their rights pursuant to Section 2.1. 

(b) All expenses other than underwriting discounts and commissions incurred in connection with registrations, filings or
qualifications pursuant to Section 2.2, including, without limitation, all registration, filing and qualification fees (including “blue sky” fees), printers’ and accounting fees, fees and disbursements of
counsel for the Company, and the reasonable fees and disbursements not to exceed, in the aggregate, $35,000, of one counsel collectively for the selling Holders and Other Selling Stockholders, shall be borne by the Company. 

2.7 Delay of Registration. No Holder or Other Selling Stockholder shall have any right to obtain or seek an injunction
restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 

2.8 Indemnification. In the event any Registrable Securities or Other Shares are included in a registration statement
under Section 2: 
 (a) Indemnification by the Company. To the extent permitted by law, the
Company will indemnify and hold harmless each Holder and Other Selling Stockholder, the officers, directors, members, partners, stockholders and any other Affiliates of each Holder and Other Selling Stockholder, legal counsel and accountants for
each Holder and Other Selling Stockholder, any underwriter (as defined in the Act) for such Holder or Other Selling Stockholder and each person, if any, who controls such Holder, Other Selling Stockholder or underwriter, within the meaning of
Section 15 of the Act or the 1934 Act, against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue statement or alleged untrue statement of a material
fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, any issuer information (as defined in Rule 433 of the Act) filed or required to be
filed pursuant to Rule 433(d) under the Act or any other document incident to such registration prepared by or on behalf of the Company or used or referred to by the Company, (ii) the omission or alleged omission to state therein a material
fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated
under the Act, the 1934 Act or any state securities laws; and the Company will reimburse each such Holder, Other Selling Stockholder, underwriter or controlling person for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such 

  
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 loss, claim, damage, liability or action; provided that the indemnity agreement contained in
this Section 2.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with
written information furnished expressly for use in connection with such registration by any such Holder or Other Selling Stockholder; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall
not inure to the benefit of any Holder, Other Selling Stockholder or underwriter, or any person controlling such Holder, Other Selling Stockholder or underwriter, from whom the person asserting any such losses, claims, damages or liabilities
purchased shares in the offering, if a copy of the prospectus (as then amended or supplemented if the Company shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of such Holder, Other Selling Stockholder
or underwriter to such person, if required by law so to have been delivered, at or prior to the written confirmation of the sale of the shares to such person, and if the prospectus (as so amended or supplemented) would have cured the defect giving
rise to such loss, claim, damage or liability; provided further, that the foregoing indemnity agreement shall not inure to the benefit of any Other Selling Stockholder if such Other Selling Stockholder (or such Other Selling Stockholder’s
Affiliate or, in the case of an Other Selling Stockholder that is a trust, a trustee or beneficiary of such trust) is (i) a director of the Company or (ii) an “officer” of the Company, as defined in Rule 16a-1 of the 1934 Act, at the time of the filing of the final prospectus with respect to the applicable offering. 

(b) Indemnification by Holders and Other Selling Stockholders. To the extent permitted by law, each selling Holder and
each Other Selling Stockholder, on a several and not joint basis, will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company
within the meaning of Section 15 of the Act, legal counsel and accountants for the Company, any underwriter, any other stockholder selling securities in such registration statement and any controlling person of any such underwriter or other
stockholder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages or
liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such
Holder or such Other Selling Stockholder expressly for use in connection with such registration; and each such Holder or Other Selling Stockholder will reimburse any person intended to be indemnified pursuant to this Section 2.8(b) for
any legal or other expenses reasonably incurred by such person in connection with investigating or defending any such loss, claim, damage, liability or action; provided that the indemnity agreement contained in this Section 2.8(b) shall
not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder or Other Selling Stockholder (which consent shall not be unreasonably withheld). In no
event shall any indemnity under this Section 2.8(b) exceed the net proceeds from the offering received by such Holder or Other Selling Stockholder, except in the case of willful fraud by such Holder or Other Selling Stockholder. 

  
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 (c) Indemnification Procedures. Promptly after receipt by an
indemnified party under this Section 2.8 of actual knowledge of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party
under this Section 2.8, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided that an indemnified party (together with all other indemnified parties that may be represented
without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party
would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of liability to the indemnified party under this Section 2.8 to the extent of such
prejudice, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.8. 

(d) Payment of Losses When Indemnification Unavailable. If the indemnification provided for in this
Section 2.8 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying
such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of and the
relative benefits received by the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other
relevant equitable considerations, provided that no person guilty of fraud shall be entitled to contribution. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to
information, and opportunity to correct or prevent such statement or omission. The relative benefits received by the indemnifying party and the indemnified party shall be determined by reference to the net proceeds and underwriting discounts and
commissions from the offering received by each such party. Notwithstanding the foregoing, (i) no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) will be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation; and (ii) in no event shall a Holder’s or Other Selling Stockholder’s liability pursuant to this Section 2.8(d), when combined with the amounts
paid or payable by such Holder or Other Selling Stockholder pursuant to Section 2.8(b), exceed the net proceeds from the offering received by such Holder or Other Selling Stockholder. 

  
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 (e) Survival of Indemnification Provisions. The obligations of the
Company, the Holders and the Other Selling Stockholders under this Section 2.8 shall survive the completion of any offering of Registrable Securities in a registration statement under Section 2, and otherwise.

 2.9 Reports Under Securities Exchange Act of 1934. With a view to making available to the Holders and the Other
Selling Stockholders the benefits of Rule 144 promulgated under the Act and any other rule or regulation of the SEC that may at any time permit a Holder or an Other Selling Stockholder to sell securities of the Company to the public without
registration or pursuant to a registration on Form S-3, the Company agrees to: 

(a) make and keep available adequate current public information, as those terms are understood and defined in Rule 144, at all
times after 90 days after the effective date of the Initial Public Offering; 
 (b) file with the SEC in a timely manner
all reports and other documents required of the Company under the Act and the 1934 Act; and 
 (c) furnish to any Holder or
Other Selling Stockholder, so long as the Holder owns any Registrable Securities or the Other Selling Stockholder owns any Other Shares, forthwith upon request (i) a written statement by the Company that it has complied with the reporting
requirements of Rule 144 (at any time after 90 days after the effective date of the Initial Public Offering), the Act and the 1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant
whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed
by the Company, and (iii) such other information as may be reasonably requested in availing any Holder or Other Selling Stockholder of any rule or regulation of the SEC that permits the selling of any such securities without registration or
pursuant to such form. 
 2.10 Assignment of Registration Rights. 

(a) The rights to cause the Company to register Registrable Securities pursuant to Section 2 may be assigned (but
only with all related obligations) by a Holder to a transferee or assignee of such securities that (i) is a subsidiary, Affiliate (including, without limitation, affiliated funds or entities of Holders that are a limited liability company,
limited partnership or limited liability partnership), parent, partner, member, limited partner, retired partner, retired member or stockholder of a Holder (which, for CapitalG Rise LLC, shall include any one or more wholly owned subsidiaries of
Alphabet Inc.), (ii) where Founders Fund is the transferring Holder, is a Permitted Founders Fund Entity, (iii) is the spouse or domestic partner, sibling, ancestor or descendant (whether natural or adopted) or any trust or investment vehicle
for the benefit of any such Holder who is a natural person, or the benefit of such Holder’s spouse or domestic partner, siblings, ancestors and descendants (whether natural or adopted) (such Persons described in this Section 2.10(a)(iii)
together with such Persons described in Section 2.10(a)(i) shall be collectively referred to as the “Assignment Parties”), or (iv) after such assignment or transfer, holds at least 1,500,000 shares of Registrable
Securities (subject to appropriate adjustment for each as adjusted for any stock splits, stock dividends, combinations, recapitalizations or the like (collectively, “Recapitalizations”), provided: (A) the Company is, within a
reasonable time after such transfer, furnished with written notice of the name and 

  
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 address of such transferee or assignee and the securities with respect to which such
registration rights are being assigned; (B) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including without limitation the provisions of Section 2.12 below by
executing an Adoption Agreement in the form attached as Exhibit A hereto, a copy of which is provided to the Company at the time of transfer; and (C) such assignment shall be effective only if immediately following such transfer the
further disposition of such securities by the transferee or assignee is restricted under the Act. For the purposes of determining the number of shares of Registrable Securities held by a transferee or assignee, all Registrable Securities held or
acquired by all Assignment Parties of such transferee or assignee shall be aggregated together; provided that all assignees and transferees who would not qualify individually for assignment of registration rights shall have a single attorney-in-fact for the purpose of exercising any rights, receiving notices or taking any action under this Section 2. 

(b) The rights to cause the Company to register Other Shares pursuant to Section 2.2 may be assigned (but only with
all related obligations) by an Other Selling Stockholder to such party’s Affiliate, spouse or domestic partner, siblings, ancestors or descendants (whether natural or adopted) or any trust or investment vehicle for the benefit of such Other
Selling Stockholder or Other Selling Stockholder’s spouse or domestic partner, siblings, ancestors and descendants (whether natural or adopted); provided: (A) the Company is, within a reasonable time after such transfer, furnished with
written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; (B) such transferee or assignee agrees in writing for the benefit of the Company to be
bound by and subject to the terms and conditions of this Agreement by executing an Adoption Agreement in the form attached hereto as Exhibit A, a copy of which is provided to the Company at the time of transfer; and (C) such assignment
shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Act. 

2.11 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not,
without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or
prospective holder (a) to include such securities in any registration filed under Section 2.2 hereof, unless under the terms of such agreement, such holder or prospective holder may include such securities in any such registration only
to the extent that the inclusion of such securities will not reduce the amount of the Registrable Securities of the Holders that are included or (b) to initiate a demand registration of any security held by such holder, provided that the
foregoing limitations shall not apply to any Additional Series I Investor who purchases shares of Series I Preferred Stock pursuant to the Purchase Agreement. 

2.12 “Market Stand-Off” Agreement. Each Holder and Investor hereby
agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to the Initial Public Offering by the Company of its equity securities under the
Securities Act and ending on the date specified by the Company and the managing underwriter (such period not to exceed 180 days or such longer period as the underwriters or the Company shall reasonably request in order to facilitate compliance with
NASD Rule 2711 or NYSE Member Rule 472 or any successor or similar rule 

  
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 or regulation) (a) lend, offer, pledge, sell, contract to sell, sell any option or
contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable
or exchangeable for Common Stock held immediately prior to the effectiveness of the registration statement for such offering, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Common Stock, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The foregoing provisions of this
Section 2.12 shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall only be applicable to the Holders and Investors if all officers and directors and greater than 1% stockholders of the
Company enter into similar agreements or are similarly bound. The underwriters in connection with any public offering by the Company are intended third party beneficiaries of this Section 2.12 and shall have the right, power and authority to
enforce the provisions hereof as though they were a party hereto; further, each Holder and Investor hereby agrees to enter into written agreement with such underwriters containing terms substantially equivalent to the terms of this
Section 2.12, and each Holder and Investor hereby agrees that such underwriters shall be entitled to require each such Holder or Investor to enter into such a written agreement. Notwithstanding the foregoing, nothing in
this Section 2.12 shall prevent a Holder or Investor from making a transfer of any Common Stock that was listed on a national stock exchange or actively traded
over-the-counter at the time it was acquired by the Holder or Investor or was acquired by such Holder or Investor pursuant to Rule 144A promulgated under the Act,
including any shares acquired in any public offering by the Company. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder and Investor (and the shares
or securities of every other person subject to the foregoing restriction) until the end of such period. 
 2.13 Further
Limitations on Disposition. Without in any way limiting the provisions set forth in this Section 2, each Investor agrees not to make any disposition of such Investor’s shares of Preferred Stock or Registrable Securities unless
and until the transferee has agreed in writing for the benefit of the Company to be bound by this Agreement by executing an Adoption Agreement in the form attached hereto as Exhibit A, and: 

(a) There is then in effect a registration statement under the Act covering such proposed disposition and such disposition is
made in accordance with such registration statement; or 
 (b) (i) Such Investor shall have notified the Company of
the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and (ii) if reasonably requested by the Company, such Investor shall have furnished the Company
with an opinion of counsel reasonably satisfactory to the Company that such disposition will not require registration of such shares under the Act. It is agreed that the Company will not require opinions of counsel for transactions made pursuant to
Rule 144 promulgated under the Act except in unusual circumstances. 

  
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 (c) Notwithstanding the provisions of paragraphs (a) and (b) above, no
such registration statement or opinion of counsel shall be necessary for a transfer by an Investor that is a corporation, partnership, limited liability company or other similar entity to an Affiliate (which, for CapitalG Rise LLC, shall include any
one or more wholly owned subsidiaries of Alphabet Inc.), a stockholder of such corporation, a partner of such partnership or a member of such limited liability company or a retired partner of such partnership who retires after the date hereof or a
retired member of such limited liability company who retires after the date hereof, or a Permitted Founders Fund Entity (if Founders Fund is transferring Investor), or to the estate of any such stockholder, partner, retired partner, member or
retired member or the transfer by gift, will or intestate succession by any stockholder, partner or member to his or her spouse or to the siblings, lineal descendants or ancestors of such stockholder, partner or member or his or her spouse, if the
transferee agrees in writing to be subject to the terms hereof to the same extent as if he or she were an original Investor hereunder by executing an Adoption Agreement in the form attached hereto as Exhibit A. 

2.14 Termination of Registration Rights. No Holder or Other Selling Stockholder shall be entitled to exercise any right
provided for in Section 2 after five years following the consummation of the Qualified Public Offering, upon the closing of a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation,
as amended and/or restated from time to time) or, as to any Holder or Other Selling Stockholder, such earlier time after the Initial Public Offering at which all Registrable Securities held by such Holder or all Other Shares held by such Other
Selling Stockholder (and any Affiliate of the Holder or Other Selling Stockholder with whom such Holder or Other Selling Stockholder must aggregate its sales under Rule 144 promulgated under the Act) can be sold in any
90-day period without registration in compliance with Rule 144. 
 3. Right of
First Offer. 
 3.1 Right of Eligible Investors. Subject to the terms and conditions specified in this
Section 3, the Company hereby grants to each Investor that (together with its Affiliates) holds at least (a) 5,279,396 shares of Series I Preferred Stock, (b) 1,886,977 shares of Series H Preferred Stock, (c) 1,710,730
shares of Series G Preferred Stock, (d) 3,732,889 shares of Series F Preferred Stock, (e) 1,000,000 shares of Series E Preferred Stock, or (f) 3,400,000 shares of Prior Securities in the aggregate (in each case, appropriately adjusted for any
Recapitalizations) (each such Investor, a “Major Investor”), a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined). For purposes of this Agreement, Major Investor includes any
general partners and Affiliates of a Major Investor. Each Major Investor shall be entitled to apportion the right of first offer hereby granted it among itself and its partners and Affiliates in such proportions as it deems appropriate, so long as
such apportionment does not cause the loss of the exemption under Section 4(2) of the Act or any similar exemption under applicable state securities laws in connection with such sale of Shares by the Company. 

3.2 Offer Procedures. Each time the Company proposes to offer any shares of, or securities convertible into or
exchangeable or exercisable for any shares of, any class of its capital stock (the “Shares”), the Company shall first make an offering of such Shares to each Major Investor in accordance with the following provisions: 

(a) The Company shall deliver a notice in accordance with Section 5.6 (the
“Notice”) to the Major Investor stating (i) its bona fide intention to offer such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms upon which it proposes to offer such Shares. 

  
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 (b) By written notification received by the Company, within 15 business
days after receipt of the Notice, the Major Investor may elect to purchase or obtain, at the price and on the terms specified in the Notice, up to that portion of such Shares that equals the proportion that the number of shares of Common Stock
issued and held, or issuable upon conversion of the Preferred Stock then held, by such Major Investor bears to the total number of shares of Common Stock of the Company then-outstanding (assuming full conversion and exercise of all outstanding
convertible and exercisable securities). If any Major Investor fails to agree in writing within such 15 business day period to purchase such Major Investor’s full pro rata share of the Shares (a “Nonpurchasing Holder”),
then such Nonpurchasing Holder shall forfeit the right hereunder to purchase that part of his, her or its pro rata share of the Shares that he, she or it did not so agree to purchase. The Company shall promptly give each Major Investor who
has timely agreed to purchase his, her or its full pro rata share of the Shares (a “Purchasing Holder”) written notice of the failure of any Nonpurchasing Holder to purchase such Nonpurchasing Holder’s full pro rata
share of such Shares (the “Overallotment Notice”). Each Purchasing Holder shall have a right to purchase a portion of the Nonpurchasing Holders’ unpurchased pro rata share of the Shares on a pro rata basis
according to the relative pro rata share of the Purchasing Holders, at any time within five days after receiving the Overallotment Notice. 

(c) If all Shares that Major Investors are entitled to purchase pursuant to Section 3.2(b) are not elected to be
purchased as provided in Section 3.2(b), the Company may, during the 60-day period following the expiration of the periods provided in Section 3.2(b) hereof, offer the remaining unsubscribed
portion of such Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the Notice. If the Company does not enter into an agreement for the sale of the Shares within such
period, the right of first offer provided in this Section 3 shall be revived and such Shares shall not be offered unless first reoffered to the Major Investors in accordance herewith. 

3.3 Securities Not Subject to Right of First Offer. The right of first offer in this Section 3 shall not be
applicable to (a) those securities exempted from the definition of “Additional Stock” in Article IV.B.4(d)(ii) of the Company’s Amended and Restated Certificate of Incorporation (as amended and/or restated from time to time), (b)
the issuance or sale of Additional Series I Shares to Additional Series I Investors in accordance with the Purchase Agreement, or (c) with respect to any Major Investor, the issuance of any subsequent securities, if (i) at the time of such
subsequent securities issuance, such Major Investor is not an “accredited investor,” as that term is then defined in Rule 501(a) under the Act, and (ii) such subsequent securities issuance is otherwise being offered only to accredited
investors. 
 3.4 Limitation on Assignment of Right of First Offer. The right of first offer set forth in this
Section 3 may not be assigned or transferred without the prior written consent of the Company, except, other than with respect to a competitor of the Company as reasonably determined by the Company, that (a) such right is assignable by
each Major Investor to any Affiliate of such Major Investor or to a wholly owned subsidiary or parent of, or to any corporation or entity that is, within the meaning of the Act, controlling, controlled by or under 

  
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 common control with, any such Major Investor (which, for CapitalG Rise LLC, shall include
any one or more wholly owned subsidiaries of Alphabet Inc.), (b) such right is assignable by Founders Fund to a Permitted Founders Fund Entity and (c) such right is assignable by any Major Investor to a transferee or assignee who holds
(together with its Affiliates) after such transfer at least (i) 5,279,396 shares of Series I Preferred Stock, (ii) 1,886,977 shares of Series H Preferred Stock, (iii) 1,710,730 shares of Series G Preferred Stock, (iv) 3,732,889 shares of Series F
Preferred Stock, (v) 1,000,000 shares of Series E Preferred Stock, or (vi) 3,400,000 shares of Prior Securities in the aggregate (in each case, subject to appropriate adjustment for Recapitalizations). 

4. Covenants of the Company. 

4.1 Delivery of Financial Statements. The Company shall deliver to each Major Investor: 

(a) as soon as practicable, but in any event within 120 days after the end of each fiscal year of the Company, an income
statement for such fiscal year, a balance sheet of the Company and statement of stockholder’s equity as of the end of such year, and a statement of cash flows for such year, such year-end reports to be in
reasonable detail, prepared in accordance with generally accepted accounting principles (“GAAP”) and, if an audit has been completed, audited by nationally recognized independent certified public accountants; provided that
audited financial statements shall be provided unless a majority of the Board of Directors (including at least one of the Preferred Directors) waives such requirement; 

(b) as soon as practicable, but in any event within 45 days after the end of each of the first three quarters of each fiscal
year of the Company, an unaudited income statement, statement of cash flows for such fiscal quarter and an unaudited balance sheet as of the end of such fiscal quarter, all prepared in accordance with GAAP (except that such financial statements may
(i) be subject to normal year-end adjustments and (ii) not contain all notes thereto that may be required in accordance with GAAP); 

(c) as soon as practicable, but in any event at least 45 days prior to the end of each fiscal year, a budget for the next
fiscal year, prepared on a quarterly basis, including an income statement for such quarters and, as soon as prepared, any other budgets or revised budgets prepared by the Company and approved by the Board of Directors (including at least one of the
Preferred Directors); and 
 (d) upon reasonable request by such Major Investor, furnish to such Major Investor as soon as
practicable, a capitalization table setting forth the Company’s fully-diluted capitalization, in sufficient detail as to permit such Major Investor to calculate such Major Investor’s percentage equity ownership in the Company as of the end
of the most recent quarter. 
 (e) Notwithstanding anything else in this Section 4.1 to the contrary, the Company may
cease providing the information set forth in this Section 4.1 during the period starting with the date sixty (60) days before the Company’s good-faith estimate of the date of filing of a registration statement; provided that the
Company’s covenants under this Section 4.1 shall be reinstated at such time as the Company is no longer actively employing its commercially reasonable efforts to cause such registration statement to become effective. 

  
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 4.2 Inspection. The Company shall permit each Major Investor, at such
Major Investor’s expense, to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be
reasonably requested by such Major Investor; provided that the Company shall not be obligated pursuant to this Section 4.2 to provide access to any information where and to the extent that the Company reasonably and in good
faith believes that withholding such information is necessary (a) to preserve attorney-client, work product or similar privilege, (b) to protect information that it reasonably considers to be a trade secret or similar confidential
information, or (c) to comply with the terms and conditions of confidentiality agreements with third parties. 
 4.3
Confidentiality. 
 (a) Anything in this Agreement to the contrary notwithstanding, no Investor shall have access to
any trade secrets or proprietary information of the Company. The Company shall not be required to comply with any information rights of this Section 4 in respect of any Investor whom the Company reasonably determines to be a competitor
or an officer, employee, director or holder of more than ten percent (10%) of a competitor. Each Investor acknowledges and agrees that it may receive certain confidential information of the Company (the “Confidential Information”)
and such Confidential Information is for the Investor’s use only for the purpose of evaluating and managing its investment in the Company. Each Investor agrees that it will not, during or after the term of this Agreement, whether through an
Affiliate or otherwise, use such confidential information in violation of the 1934 Act or reproduce, disclose or disseminate such information to any other person (other than its Affiliates and its and their employees or agents having a need to know
the contents of such information, and its and their attorneys), except in connection with the exercise of such Investor’s rights under this Agreement, unless the Company has made such information available generally to the public or such
Investor is required to disclose such information by a governmental authority. Each Investor agrees that it shall take reasonable measures to protect the secrecy of and avoid disclosure or use of the Confidential Information in order to prevent it
from falling into the public domain or the possession of persons other than those authorized to have any such information. Such measures shall include, but not be limited to, the highest degree of care that such Investor utilizes to protect its own
confidential information of a similar nature, which shall be no less than reasonable care. Each Investor further agrees to notify the Company in writing of any actual or suspected misuse, misappropriation or unauthorized disclosure of the
Confidential Information, which may come to its attention. Nothing in this Section 4.3 shall in any way limit or otherwise modify any confidentiality covenants entered into by any Investor pursuant to any other agreement entered into with the
Company. In the event of any conflict between this Section 4.3 and such other agreement with the Company, such other agreement shall control, for so long as such other agreement is in full force and effect. 

  
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 (b) Notwithstanding anything to the contrary contained herein, (including
Section 5.1 hereof), if Investor is a partnership or limited liability company, such Investor may disclose Confidential Information to its direct or indirect general partner or managing member, respectively, to the extent such entity is
responsible for investment decisions on behalf of the partnership or limited liability company and requires it for the purpose of managing its investment in the Company; provided that each recipient of such information is informed of the
confidential nature of the information and is directed to treat such information confidentially with the terms of this Section 4.3 as if they were parties hereto; provided further, that each Investor shall be responsible for any breach
of the terms of this Section 4.3 by it or any person to whom such Investor discloses Confidential Information pursuant to this Section 4.3, and shall take reasonably appropriate steps to safeguard the Confidential Information from
disclosure, misuse, espionage, loss and theft. 
 (c) Notwithstanding anything to the contrary contained herein (including
Section 5.1 hereof), the Company reserves the right to waive any right of the Company or obligation of any Investor pursuant to this Section 4.3 in its sole discretion. 

4.4 Transactions with Affiliates. The Company shall not, without the unanimous approval of the disinterested members of
the Board of Directors, engage in any loans, leases, contracts or other transactions with any executive officer, as defined in Rule 3b-7 of the 1934 Act, (each, an “Executive Officer”) or
director of the Company, or any member of any such person’s immediate family, including the parents, spouse, children and other relatives of any such person, on terms less favorable than the Company would obtain in a transaction with an
unrelated party, as determined in good faith by the Board of Directors (for the avoidance of doubt, employment arrangements between the Company and its Executive Officers shall only require the approval of a majority of disinterested directors). The
Company shall not, without the unanimous approval of the disinterested members of the Board of Directors, offer or decide to hire any member of the immediate family of a director or Executive Officer of the Company. 

4.5 Proprietary Information and Inventions Agreements. The Company shall require all employees and consultants to enter
into the Company’s standard form of proprietary information and inventions agreements. 
 4.6 Common Stock and
Restricted Stock Unit Vesting. Shares of Common Stock (or options and restricted stock unit awards (“RSUs”) therefor) issued to employees and service providers of the Company shall, unless otherwise approved by a majority of the
Board of Directors or a committee thereof (including in either case at least one of the Preferred Directors), vest as follows: (i) with respect to Common Stock (or options therefor), no shares shall vest until the completion of the 12-month anniversary of the commencement of employment or service, at which time 25% of the Common Stock (or option therefor) shall vest; and the remainder shall vest in equal monthly installments over the following
36 months and (ii) with respect to RSUs, no RSU shall vest until the completion of the 12-month anniversary of the commencement of employment or service, at which time 25% of the RSUs shall vest; and the
remainder shall vest in equal quarterly installments over the following 36 months. Unless otherwise approved by the Board of Directors or a committee thereof (including in either case at least one of the Preferred Directors), with respect to any
shares of Common Stock purchased by any such person, (i) the Company’s repurchase option shall provide that upon such person’s termination of employment or service with the Company, with or without cause, the Company or its assignee
(to the extent permissible under applicable securities laws and other laws), shall have the option to purchase at cost any unvested shares of stock held by such person, (ii) the Company shall retain a right of

  
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 first refusal in favor of the Company to purchase any vested Common stock at the price
offered by a third party (which right terminates upon the initial public offering of Common Stock), (iii) the Common Stock shall be subject to a restriction against transfers of any unvested Common Stock and (iv) a 180-day lockup period (or such longer period, as the underwriters or the Company shall reasonably request in order to facilitate compliance with NASD Rule 2711 or NYSE Member Rule 472 or any successor or similar
rule or regulation) shall apply in connection with the Company’s initial public offering. 
 4.7 Qualified Small
Business Stock Status. Upon request by a holder of Series A Preferred Stock, Series B Preferred Stock and/or Common Stock issuable upon conversion of the shares of Series A Preferred Stock or Series B Preferred Stock (the “IOC
Common”), the Company shall conduct a reasonable investigation to determine whether the shares of Series A Preferred Stock, Series B Preferred Stock and/or IOC Common qualify as “qualified small business stock” within the meaning
of Code Sections 1045 and 1202, and shall deliver to such holder a duly executed Certificate of Representations in the form attached hereto as Exhibit B as expeditiously as reasonably possible, but in no event later than 10 days following the
Company’s receipt of such request. 
 4.8 Directors and Officers Insurance. The Company has, as of the date
hereof, and will use commercially reasonable efforts to maintain, Directors and Officers liability insurance from a financially sound and reputable insurer in a minimum amount of $10,000,000 until such time as the Board of Directors (including at
least one of the Preferred Directors) determines that such insurance should be discontinued. 
 4.9 Board Committees.
In the event any committee(s) of the Board of Directors is created, each of the Preferred Directors shall have the right to be a member of such committee(s) of the Board of Directors. 

4.10 FCPA. The Company represents that it shall not — and shall not permit any of its subsidiaries or affiliates
or any of its or their respective directors, officers, managers, employees, independent contractors, representatives or agents to — promise, authorize or make any payment to, or otherwise contribute any item of value to, directly or indirectly,
to any third party, including any non-U.S. official, in each case, in violation of the U.S. Foreign Corrupt Practices Act (“FCPA”), the U.K. Bribery Act, or any other applicable anti-bribery
or anti-corruption law. The Company further represents that it shall — and shall cause each of its subsidiaries and Affiliates to — cease all of its or their respective activities, as well as remediate any actions taken by the Company, its
subsidiaries or affiliates, or any of their respective directors, officers, managers, employees, independent contractors, representatives or agents in violation of the FCPA, the U.K. Bribery Act, or any other applicable anti-bribery or
anti-corruption law. The Company further represents that it shall – and shall cause each of its subsidiaries and affiliates to – maintain systems of internal controls (including, but not limited to, accounting systems, purchasing systems
and billing systems) to ensure compliance with the FCPA, the U.K. Bribery Act, or any other applicable anti-bribery or anti-corruption law. Upon request, the Company agrees to provide responsive information and/or certifications concerning its
compliance with applicable anti-corruption laws. The Company shall promptly notify each Major Investor if the Company becomes aware of any Enforcement Action (as defined in the Purchase Agreement). The Company shall, and shall cause any direct or
indirect subsidiary or entity controlled by it, whether now in existence or formed in the future, to comply with the FCPA. The Company shall use its best efforts to cause any direct or indirect subsidiary, whether now in existence or formed in the
future, to comply in all material respects with all applicable laws. 

  
 22 

 4.11 Termination of Certain Covenants. The covenants set forth in
this Section 4 other than Section 4.7 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related
transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time). 

5. Miscellaneous. 

5.1 Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement
may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the holders of a majority of the Registrable Securities then outstanding; provided, however,
that (a) any amendment or waiver that materially, adversely and disproportionately affects any Investor or class of Investors in a manner different than all other Investors (disregarding for such purpose differences in the number of shares held
by the Investors) shall require the written consent of such Investor or class of Investors, (b) any amendment or waiver that materially, adversely and disproportionately affects the rights set forth in Sections
2.2-2.14 or Section 5.1, or that creates additional obligations, of the Other Selling Stockholders shall require the written consent of the holders of a majority of the Other Shares then outstanding and
(c) any amendment or waiver that materially, adversely and disproportionately affects any Other Selling Stockholder in a manner different than all other Other Selling Stockholders (disregarding for such purpose differences in the number of
shares held by the Other Selling Stockholders) shall require the written consent of such Other Selling Stockholder. Notwithstanding the foregoing, no amendment or waiver of Sections 3 or 4 of this Agreement may be made without the
written consent of the holders of a majority of the Registrable Securities then held by Major Investors. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of any Registrable Securities and Other
Shares, each future holder of all such Registrable Securities and Other Shares and the Company. 
 5.2 Successors and
Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns (which, for CapitalG Rise LLC, shall include any one or more wholly
owned subsidiaries of Alphabet Inc.) of the parties (including transferees of any shares of Registrable Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their
respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

  
 23 

 5.3 Governing Law; Venue. This Agreement is to be construed in
accordance with and governed by the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the
rights and duties of the parties. All disputes and controversies concerning, relating to, arising out of or in connection with this Agreement, directly or indirectly, in whole or in part, shall be resolved exclusively by the Delaware Court of
Chancery or the federal courts located in the State of Delaware, and each party hereto agrees to submit to the jurisdiction of said courts and agrees that venue shall lie exclusively with such courts. 

5.4 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 5.5 Titles and Subtitles. The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

5.6 Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other communications made
pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to the other party; (b) when sent by electronic mail or facsimile if sent between 8:00 a.m. and 5:00 p.m.
recipient’s local time on a business day, upon customary confirmation of receipt, or on the next business day if sent by facsimile other than between 8:00 a.m. and 5:00 p.m. recipient’s local time on a business day; (c) three business
days after deposit in the U.S. mail with first class or certified mail receipt requested postage prepaid and addressed to the other party at the address set forth below; or (d) the next business day after deposit with a national overnight
delivery service, postage prepaid, addressed to the parties as set forth below with next business day delivery guaranteed, provided that the sending party receives a confirmation of delivery from the delivery service provider. All communications
sent pursuant to this Section 5.6 shall be sent to the respective parties using their respective contact information set forth on the signature pages hereto. 

Any communication to the Company must be copied (which shall not constitute notice) to: 

Wilson Sonsini Goodrich & Rosati, Professional Corporation 

650 Page Mill Road 
 Palo Alto,
California 94304 
 Attention: Lisa Stimmell 

Email: lstimmell@wsgr.com 

Facsimile: (650) 493-6811 

A party may change or supplement the addresses given above or designate additional addresses for purposes of this Section 5.6 by
giving the other party written notice of the new address in the manner set forth above. 
 5.7 Aggregation of Stock.
All shares of Registrable Securities held or acquired by an Investor and it Assignment Parties shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such persons or entities may apportion
such rights as among themselves in any manner they deem appropriate. 

  
 24 

 5.8 Enforceability; Severability. The parties hereto agree that each
provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law. If any provision of this Agreement shall nevertheless be held to be prohibited by or invalid under applicable law, such provision
shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

5.9 Attorney’s Fees. If, in any action at law or in equity (including arbitration), it is necessary to enforce or
interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief that such party may be entitled. 

5.10 Entire Agreement. This Agreement and the documents referred to herein constitute the entire agreement among the
parties with respect to the subject matter hereof and no party shall be liable or bound to any other party in any manner by any warranties, representations or covenants except as specifically set forth herein or therein. Upon the effectiveness of
this Agreement, the Prior Agreement shall be deemed amended and restated and superseded and replaced in its entirety by this Agreement, and shall be of no further force of effect. 

5.11 Additional Series I Investors. Upon the sale of Additional Series I Shares to Additional Series I Investors in
accordance with the Purchase Agreement, the Company, without prior action on the part of any Investor, shall require each Additional Series I Investor to execute and deliver this Agreement. Each such Additional Series I Investor, upon execution and
delivery of this Agreement by the Company and such Additional Series I Investor, shall be deemed an Investor hereunder. 

5.12 Waiver of Right of First Offer. The Existing Investors that are Major Investors pursuant to the terms of the Prior
Agreement hereby waive the right of first offer in Section 3 of the Prior Agreement, including the notice requirements set forth in the Prior Agreement, with respect to the issuance of Series I Preferred Stock. 

[Remainder of Page Intentionally Left Blank] 

  
 25 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  
  

			
	 COMPANY:

	
	 LYFT, INC.

		
	 By:    
	 	 /s/ Logan Green

		 	 Logan Green, Chief Executive Officer

  

			
	 Attention:
	 	 Logan Green

  
 Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 FOUNDER:

	
	 /s/ Logan Green

	 LOGAN GREEN

  

			
	 EL TRUST DATED AUGUST 3, 2015

		
	 By:
	 	 /s/ Logan Green

	Name:	 	 Logan Green

	 Title:
	 	

  

			
	 THE LOGAN GREEN 2016 ANNUITY TRUST

		
	 By:
	 	 /s/ Logan Green

	Name:	 	 Logan Green

	Title:	 	 Trustee

  

			
	 THE ZIMMER 2014 IRREVOCABLE TRUST

	 DATED JUNE 16, 2014

		
	 By:
	 	 /s/ Logan Green

	Name:	 	 Logan Green

	Title:	 	 Trustee

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 FOUNDER:

	
	 THE EVA GREEN 2016 ANNUITY TRUST

		
	 By:
	 	 /s/ Eva Green

	Name:	 	 Eva Green

	Title:	 	 Trustee

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 FOUNDER:

	
	 /s/ John Zimmer

	 JOHN ZIMMER

  

			
	 THE JOHN ZIMMER 2016 ANNUITY TRUST

		
	 By:
	 	 /s/ John Zimmer

	Name:	 	 John Zimmer

	Title:	 	 Trustee

  

			
	 JOHN ZIMMER LIVING TRUST DTD 07.30.15

		
	 By:
	 	 /s/ John Zimmer

	 Name:
	 	
	 Title:
	 	

  

			
	 THE GREEN 2014 IRREVOCABLE TRUST

DATED JUNE 12, 2014

		
	 By:
	 	 /s/ John Zimmer

	Name:	 	 John Zimmer

	Title:	 	 Trustee

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 ACM OPPORTUNITIES FUND, L.P.

		
	By:	 	/s/ Kirk Dizon
	Name:	 	Kirk Dizon
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 ALIBABA INVESTMENT LIMITED

		
	By:	 	/s/ Peter Stern
	Name:	 	Peter Stern
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 ANDREESSEN HOROWITZ FUND III, L.P.

	 for itself and as nominee for

Andreessen Horowitz Fund V-A, L.P.,

Andreessen Horowitz Fund V-B, L.P. and

Andreessen Horowitz Fund V-Q, L.P.

  

			
	By:	 	 AH Equity Partners V, L.L.C.
 Its general
partner

  

			
	By:	 	/s/ Ben Horowitz
	Name:	 	Ben Horowitz
	Title:	 	Managing Member

  

			
	 AH PARALLEL FUND III, L.P.

	 for itself and as nominee for
 AH
Parallel Fund III-A, L.P.,
 AH Parallel Fund III-B, L.P. and

AH Parallel Fund III-Q, L.P.

 

			
	By:	 	 AH Equity Partners III (Parallel), L.L.C.

Its general partner

  

			
	By:	 	/s/ Ben Horowitz
	Name:	 	Ben Horowitz
	Title:	 	Managing Member

  
 Signature Page to Lyft,
Inc. Series I Investors’ Rights Agreement 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 CAPITALG RISE LLC

		
	By:	 	/s/ Jeremiah Gordon
	Name:	 	Jeremiah Gordon
	Title:	 	Authorized Officer

  

			
	Attention:	 	CapitalG General Counsel

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 CARMENTA CAPITAL FUND SPV, L.P.

		
	By:	 	/s/ Kirk Dizon
	Name:	 	Kirk Dizon
	Title:	 	Member of the General Partner

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 CARMENTA GROWTH PORTFOLIO 2017, L.P.

		
	By:	 	/s/ Kirk Dizon
	Name:	 	Kirk Dizon
	Title:	 	Member of the General Partner

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 DG RIDE 1 LP

		
	By:	 	/s/ Adam Schreck
	Name:	 	Adam Schreck
	Title:	 	General Counsel

  

			
	 DISCOVERY SPECIAL OPPORTUNITIES I, L.P.

		
	By:	 	/s/ Adam Schreck
	Name:	 	Adam Schreck
	Title:	 	General Counsel

  

			
	Attention:	 	Adam Schreck, General Counsel

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 THE FOUNDERS FUND IV, LP

		
	By:	 	The Founders Fund IV Management, LLC
	Its: General Partner

  

			
	By:	 	/s/ Brian Singerman
	Name:	 	Brian Singerman
	Title:	 	Managing Member

  

			
	 THE FOUNDERS FUND IV PRINCIPALS FUND, LP

		
	By:	 	The Founders Fund IV Management, LLC
	Its: General Partner

  

			
	By:	 	/s/ Brian Singerman
	Name:	 	Brian Singerman
	Title:	 	Managing Member

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 IEH VENTURE INVESTMENTS I LLC

		
	By:	 	/s/ Keith Cozza
	Name:	 	Keith Cozza
	Title:	 	Chief Executive Officer

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 KKR RIDE INVESTORS LLC

		
	By:	 	KKR Next Generation Technology Growth Fund L.P.
	Its: Managing Member

  

			
	By:	 	KKR Associates NGT L.P.
	Its: General Partner

  

			
	By:	 	KKR Next Gen Tech Growth Limited
	Its: General Partner

  

			
	By:	 	/s/ William J. Janetschek
	Name:	 	William J. Janetschek
	Title:	 	Director

  

			
	Attention:	 	General Counsel

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 MAPLES INVESTMENTS II, L.P.

		
	By:	 	Maples Management II, L.L.C.
	Its: General Partner

  

			
	By:	 	/s/ Ann Miura-Ko
	Name:	 	Ann Miura-Ko
	Title:	 	Managing Member

  

			
	 MAPLES ASSOCIATES II, L.P.

		
	By:	 	Maples Management II, L.L.C.
	Its: General Partner

  

			
	By:	 	/s/ Ann Miura-Ko
	Name:	 	Ann Miura-Ko
	Title:	 	Managing Member

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
		 	INVESTOR:
		
		 	MAYFIELD XIII, a Cayman Islands Exempted Limited Partnership
		
		 	By: MAYFIELD XIII MANAGEMENT (EGP),
		 	 L.P., a Cayman Islands Exempted Limited

Partnership
 Its: General Partner

		
		 	 By: MAYFIELD XIII MANAGEMENT (UGP), LTD., a Cayman Islands Exempted Company

Its: General Partner

 

			
	 By:
	 	/s/ Navin Chaddha
	 Name:
	 	Navin Chaddha
	 Title:
	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 MORGAN CREEK PRIVATE

OPPORTUNITIES, LLC SERIES B CARMENTA - LYFT

		
	By:	 	/s/ Mark Yusko
	Name:	 	Mark Yusko
	Title:	 	Authorized Person

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 PAULSON INVESTMENT COMPANY II LP

			
		
	 By:
	 	 /s/ Stuart Merzer

	 Name:
	 	 Stuart Merzer

	 Title:
	 	 General Counsel

	
	 PAULSON ADVANTAGE MASTER LTD.

 
			
		
	 By:
	 	 /s/ Stuart Merzer

	 Name:
	 	 Stuart Merzer

	 Title:
	 	 General Counsel

	
	 PAULSON SPECIAL SITUATIONS LTD.

 
			
		
	 By:
	 	 /s/ Stuart Merzer

	 Name:
	 	 Stuart Merzer

	 Title:
	 	 General Counsel

	
	 PAULSON ADVANTAGE PLUS MASTER LTD.

 
			
		
	 By:
	 	 /s/ Stuart Merzer

	 Name:
	 	 Stuart Merzer

	 Title:
	 	 General Counsel

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 PSP PUBLIC CREDIT I INC.

		
	 By:
	 	 /s/ Loïc Julé

	 Name:
	 	 Loïc Julé

	 Title:
	 	 Authorized Signatory

  

			
	 By:
	 	 /s/ Razvan Tonea

	 Name:
	 	 Razvan Tonea

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 SPARROWHAWK PARTNERS, INC.

		
	 By:
	 	 /s/ Eiichi Kaga

	 Name:
	 	 Eiichi Kaga

	 Title:
	 	 President

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Magellan Fund: Fidelity Magellan
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Financial Trust: Fidelity Independence
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity Leveraged Company Stock
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Destiny Portfolios: Fidelity Advisor Capital Development
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Concord Street Trust: Fidelity Large Cap Stock
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Large Cap Stock Institutional Trust

	
	By its manager Fidelity Investments Canada ULC

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 FIAM Target Date Large Cap Stock Commingled Pool

	
	 By: Fidelity Institutional Asset Management Trust

Company as Trustee

 
			
		
	By:	 	/s/ Adrien Deberghes
	Name: 	 	Adrien Deberghes
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Concord Street Trust: Fidelity Large Cap Stock K6
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name: 	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series I: Fidelity Advisor Large Cap
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Puritan Trust: Fidelity Puritan Fund - Equity Sub
Portfolio

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Advisor New Insights Fund - Sub Portfolio
B

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Mt. Vernon Street Trust: Fidelity New Millennium
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Mid-Cap Stock Commingled Pool

	
	By: Fidelity Management Trust Company, as Trustee

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Concord Street Trust: Fidelity Mid-Cap Stock
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity Blue Chip Growth
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Blue Chip Growth Commingled
Pool

 
			
		
	By:	 	Fidelity Management Trust Company, as Trustee

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity Flex Large Cap Growth
Fund

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 FIAM Target Date Blue Chip Growth Commingled Pool

		
	By:	 	Fidelity Institutional Asset Management Trust Company as Trustee

 
			
		
	By:	 	/s/ Adrien Deberghes
	Name:	 	Adrien Deberghes
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Blue Chip Growth Institutional Trust

	
	By its manager Fidelity Investments Canada ULC

 
			
		
	By:	 	/s/ Colm Hogan
	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity Series Blue Chip Growth Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity Blue Chip Growth K6 Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series I: Fidelity Advisor Leveraged Company Stock Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Puritan Trust: Fidelity Puritan Fund - High Yield Sub Portfolio

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series I: Fidelity Advisor High Income Advantage Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Contrafund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund Commingled Pool

		
	 By:
	 	Fidelity Management Trust Company, as Trustee
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Contrafund K6

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Advisor New Insights Fund - Sub Portfolio A

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Variable Insurance Products Fund II:

Contrafund Portfolio

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Insights Investment Trust

	
	 By its manager Fidelity Investments Canada
ULC

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Flex Opportunistic Insights
Fund

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Series Opportunistic Insights
Fund

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Contrafund: Fidelity Advisor Series Opportunistic Insights
Fund

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Variable Insurance Products Fund III: Growth Opportunities
Portfolio

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series I: Fidelity Advisor Series Growth Opportunities
Fund

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series I: Fidelity Advisor Growth Opportunities
Fund

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity OTC Commingled Pool

		
	 By:
	 	Fidelity Management Trust Company, as Trustee

 
			
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Securities Fund: Fidelity OTC Portfolio

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Trend Fund: Fidelity Trend Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Founders Investment Trust

	
	By its manager Fidelity Investments Canada ULC
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Destiny Portfolios: Fidelity Advisor Diversified Stock Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Growth Company Commingled Pool

	
	By: Fidelity Management Trust Company, as Trustee
		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Select Portfolios: Technology Portfolio

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Central Investment Portfolios LLC: Fidelity Information Technology Central Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Advisor Series VII: Fidelity Advisor Technology Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Variable Insurance Products Fund IV: Technology Portfolio

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Fidelity Puritan Trust: Fidelity Puritan Fund

		
	 By:
	 	 /s/ Colm Hogan

	 Name:
	 	 Colm Hogan

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Senator Redfire LLC

		
	 By:
	 	 [ILLEGIBLE]

	 Name:
	 	 [ILLEGIBLE]

	 Title:
	 	 [ILLEGIBLE]

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 D.E. SHAW VALENCE PORTFOLIOS, L.L.C.

		
	 By:
	 	 /s/ Edwin Jager

	 Name:
	 	 Edwin Jager

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 BAILLIE GIFFORD US GROWTH TRUST PLC

	 Executed for and on behalf of Baillie Gifford US Growth Trust PLC, acting through its agent, Baillie
Gifford & Co

		
	 By:
	 	[ILLEGIBLE]
	Name:	 	[ILLEGIBLE]
	Title:	 	Partner of Baillie Gifford & Co

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 MAGNA AUTONOMOUS SYSTEMS LLC

		
	 By:
	 	 /s/ Swamy Kotagiri

	 Name:
	 	 Swamy Kotagiri

	 Title:
	 	 President

		
	 By:
	 	 /s/ Riccardo Trecroce

	 Name:
	 	 Riccardo Trecroce

	 Title:
	 	 Evp

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Joshua P. Binder

	
	 /s/ Joshua P. Binder

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Quincey Hanley

	
	 /s/ Quincey Hanley

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Digi Phonics Inc

			
		
	 By:
	 	 /s/ David Friley

	 Name: David Friley

	 Title:
President

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

 
			
	
	 Top Dawg Entertainment, LLC

			
		
	By:	 	 /s/ Anthony
Tiffith

 
			
	Name:	 	 Anthony “Top Dawg” Tiffith

			
	Title:	 	 CEO and Founder

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written. 
  

			
	 INVESTOR:

	
	 Maverick Carter Declaration of Trust

		
	 By:
	 	 /s/ Maverick Carter

	 Name: Maverick Carter

	 Title: Sole Trustee

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written . 
  

			
	 INVESTOR:

	
	 LeBron James, Trustee under LeBron James Declaration of Trust dated July 5, 2013, as
amended

		
	 By:
	 	 /s/ LeBron James

	 Name: LeBron James

	 Title: Sole Trustee

  
 [Signature Page to
Lyft, Inc. Series I Investors’ Rights Agreement] 

 SCHEDULE A 

SCHEDULE OF INVESTORS 
 Investor Name

 Coatue Private Fund I LP 
 Coatue LT LLC 

Andreessen Horowitz Fund III, L.P., as nominee 

AH Parallel Fund III, L.P., as nominee 

Maples Investments II, L.P. 

Maples Associates II, L.P. 
 K9
Ventures, L.P. 
 fbFund L.L.C. 
 Idan Tepman

 Michael Stoppelman 
 Keith Rabois 

Mayfield XIII, a Cayman Islands Exempted Limited Partnership 

Undara Overseas, Inc. 
 Venkatesh
Harinarayan and Sudha Neelakantan Revocable Trust 
 Anand Rajaraman 

Sarah Ross 
 Brian Goldsmith 

Collaborative I, LP 
 The Founders Fund IV, LP

 The Founders Fund IV Principals Fund, LP 
 Steven Lee 

The Board of Trustees of the Leland Stanford Junior University (SEVF II) 

Paige Craig 
 Live Nation
Entertainment, Inc. 
 Ooga Labs LLC 
 Tenaya Capital VI, LP

 Kendall Capital Markets, LLC 

 Third Point Opportunities Master Fund LP 

DG Ride 1 LP 
 GSV Capital Corp.

 Queensbridge Venture Partners, LLC 

Alibaba Investment Limited 

Uprising SPV VII LLC 
 Ori Allon

 Discovery Special Opportunities I, LP. 

Fortress ELFT LLC 
 D.E. Shaw
Valence Portfolios, L.L.C. 
 GSV Ventures I, LLC 

GSV Ventures III, LLC 
 GSV
Capital Corp. 
 Altpoint Ventures Holdings LLC 

ACM Opportunities Fund, L.P. 

Boathouse Row I, LP 
 Boathouse
Row II, LP 
 Boathouse Row Offshore, Ltd. 

OC 532 Offshore Ltd. 

Salesforce.com, Inc. 
 Kendall
Capital Markets, LLC 
 TFG Private Investments Ltd. 

JHL Capital Group Master Fund L.P. 

MYDA Ventures, LP 
 Sparrowhawk
Partners, Inc. 
 IEH Venture Investments I LLC 

SP Alpha, LLC 
 Adagio Assets
Limited 
 Enjoy Investors, LLC 

Lft-11-Fund, a series of SP-21-Fund, LLC 
 MSV Fund One A LLC 

 MX Investment Funds LLC 

Joseph Green 
 Aldon Holding Group
LLC 
 David International Investment Ltd. 

Fontinalis Capital Partners II, LP 

Five Bulls International Holding Group 

Cherry Tree Investments 
 Casa
Verde Capital SPV 1, L.P. 
 Greenspan Living Trust 

Brett Icahn 
 Jonathan Christodoro

 Louis Pastor 
 Paulson
Advantage Plus Master Ltd. 
 Paulson Special Situations Master Ltd. 

Paulson Advantage Master Ltd. 

LCAY One Limited 
 Hailgroup, LLC

 Radical Investments LP 

Taipingyang Investment Co., Ltd. 

OPH J Limited 
 Janus Henderson
Global Technology Fund 
 Janus Henderson Global Technology Portfolio 

Kingdom Investment (2015), L.P. 

Kingdom 5-KR-220, Ltd. 

Kingdom 5-KR-241, Ltd. 

DEP LY, L.P. 
 John D. Pinkel and
Susan Shyu, Trustees of the Pinkel Shyu Family Trust 
 West LA Investment Trust #1-R 

Olympus Growth Fund VI, LP 

Shauna and Eric Varvel Joint Tenants with Rights of Survivorship (Entity) 

AutoTech Fund I, L.P. 

 Graphene S3 LLC 

Gavril Yushvaev 
 John Glazer 

Design Time Limited 
 Graphene S4
LLC 
 Robert H Reid 

Millennial Hub, LLC 
 Enjoy II,
LLC 
 C J Anderson 
 General
Motors Holdings LLC 
 Oceanic Investment Fund I, LLC 

Rydesharyng, L.P. 
 Ride4U, LLC

 Strategas VC II, LP 

Equityzen Growth Technology Fund LLC – Series 27 

ADG Investments, LLC 
 Yellowfly,
LLC 
 Yellowfly II, LLC 

Yellowfly III, LLC 
 Graphene S5
LLC 
 AllianceBernstein Select US Equity Holdings L.P. 

AB Cap Fund, Inc. – AB Select US Equity Portfolio 

AB SICAV I – Select US Equity Portfolio 

AllianceBernstein Select US Equity Long/Short Holdings LP 

AB Cap Fund, Inc – AB Select US Long/Short Portfolio 

AB SICAV I – Select Absolute Alpha Portfolio 

Flat World (Lyft) LP 
 West
Investments IV, LLC 
 Zachary H. Shafran Trust u/a dated 11/2/05 

KKR Ride Investors LLC 
 Kevin D.
Hart 

 Kuwait Investment Authority, a Kuwaiti public authority established under Kuwaiti Law
No. 47/1982 for the purpose of managing, in the name and for the account of the Government of the State of Kuwait, the investments of the State of Kuwait, and having its registered office at Block No.3, Ministries Complex, City of Kuwait,
Kuwait (KIA) 
 Carmenta Capital Fund SPV, L.P. 

Scottish Mortgage Investment Trust plc 

Host-Plus Pty Limited 
 The States of Jersey
Public Employees Contributory Retirement Scheme 
 Pooled Super Pty Ltd 

The Board of Trustees of the Saskatchewan Healthcare Employees’ Pension Plan 

Plumbing Pensions (U.K.) Limited 

Interventure Equity Investments Limited 

Warman Investments Pty Limited 

Christopher Michael Pratt, Trustee of the Christopher Pratt Trust, dated March 26, 2015 

David Chao & Amanda Minami Revocable Trust 

Samnat LLC. 
 Michael S. Dreyer 

PSP Public Credit I Inc. 
 Anna K. Faris, Trustee
of the Bernie Trust, Dated October 25, 2012 
 Tennman Investments, LLC 

Ride Share LLC 
 United Talent Agency, LLC 

The Jeremy and Marisa Zimmer Living Trust 

The Devins Rice Trust 
 James
Berkus Family Trust dated 5/14/2014 
 Natalie Berkus Security Trust dated 12/19/2012 

Peter Benedek 
 William Jay
Lazarus 
 Shani Rosenzweig Living Trust dated November 16, 2016 

Andrew I. Thau and Christina D. Thau as Trustees of the Thau Family Trust dated January 23, 2009 

David Spingarn 

 Theresa Peters Ladwig 

Challenger Investors, LLC 
 Lise
J. Buyer Trust 
 InMotion Ventures Limited 

Valuegate Cayman SPV1 
 Bracket Ventures SVI Late
Stage, LP 
 Emerge VP – FusionFund LLC 

Innovation X Holdings QP, LLC – Lyft Series I 

Innovation X Holdings QP, LLC – Lyft Series II 

Innovation X Holdings QP, LLC – Lyft Series III 

Innovation X Holdings QP, LLC – Lyft Series IV 

Innovation X Holdings, LLC – Lyft Series I 

Innovation X Holdings, LLC – Lyft Series II 

NAM Special Situations Fund I QP, LLC – Lyft Series I 

NAM Special Situations Fund I QP, LLC – Lyft Series II 

NAM Special Situations Fund I QP, LLC – Lyft Series III 

NAM Special Situations Fund I QP, LLC – Lyft Series IV 

NAM Special Situations Fund I QP, LLC – Lyft Series V 

NAM Special Situations Fund I, LLC – Lyft Series I 

SharesPost 100 Fund 
 MVP All-Star Fund LLC 
 Oranjeboom Ventures Limited 

Advanced Technology Select Fund III LLC 
 CapitalG Rise LLC 

Oceanic Opportunities Fund I, LLC 
 B.A. Quintet, LLC 

Paulson Investment Company II LP 
 Morgan Creek Private
Opportunities, LLC Series B Carmenta – Lyft 
 Carmenta Growth Portfolio 2017, L.P. 

NextEquity Partners, LLC 
 Fidelity Magellan Fund: Fidelity
Magellan Fund 

 Fidelity Financial Trust: Fidelity Independence Fund 

Fidelity Blue Chip Growth Commingled Pool 

FIAM Target Date Blue Chip Growth Commingled Pool 

Fidelity Securities Fund: Fidelity Blue Chip Growth K6 Fund 

Fidelity Securities Fund: Fidelity Blue Chip Growth Fund 

Fidelity Securities Fund: Fidelity Flex Large Cap Growth Fund 

Fidelity Securities Fund: Fidelity OTC Portfolio 

Fidelity OTC Commingled Pool 

Fidelity Puritan Trust: Fidelity Puritan Fund 

Fidelity Growth Company Commingled Pool 

Fidelity Mid-Cap Stock Commingled Pool 

Fidelity Mt. Vernon Street Trust: Fidelity New Millennium Fund 

Fidelity Concord Street Trust: Fidelity Mid-Cap Stock Fund 

Fidelity Contrafund: Fidelity Advisor New Insights Fund - Sub Portfolio B 

Fidelity Trend Fund: Fidelity Trend Fund 

Fidelity Destiny Portfolios: Fidelity Advisor Diversified Stock Fund 

Fidelity Contrafund Commingled Pool 

Fidelity Contrafund: Fidelity Flex Opportunistic Insights Fund 

Fidelity Contrafund: Fidelity Contrafund 

Fidelity Contrafund: Fidelity Contrafund K6 

Fidelity Contrafund: Fidelity Advisor Series Opportunistic Insights Fund 

Fidelity Contrafund: Fidelity Advisor New Insights Fund—Sub Portfolio A 

Fidelity Insights Investment Trust 

Fidelity Contrafund: Fidelity Series Opportunistic Insights Fund 

2605267 Ontario Limited 

Rockledge LLC 
 The Eider Fund,
L.P. 
 DLHP II AH, LLC 
 SB Transit Holdings, LLC 

Graphene S7 LLC 
 Valuegate Cayman SPV2 

 Lexington Ventures, LLC 

Louis and Kelly Gonda Irrevocable Family Trust 

Le Peigné 
 Jason
Blumenthal 
 Chapter One Ventures, LLC 
 Brian
Norgard 
 Patrick Corcoran 
 The Whitesell
Living Trust 
 Chancelor Johnathan Bennett 

Innovation Factory VC, LLC 

Gwyneth KP Martin 
 Colby Capital
Partners LLC 
 Comcast Ventures, LP 
 WME
Investments, LLC 
 Math + Magic IX, LLC 
 Oasis
Investment Partners LP 
 Magna International Inc. 

Eleven Ventures, LLC 
 Technology
Innovation Partners (Lyft) LP 
 Hectocorn Driving, LP - Series I Interests 

WEG Fund I, LLC 
 DKI Growing Star Fund III 

Mirae Asset Daewoo Co. Ltd. 
 Bopu Global Private
Equity Investment Portfolio LF LP 
 Kingfisher Equity Partners II, LP 

Kingfisher Select IV, LP 
 FNEX Ventures Series
101, LLC 
 Paladigm Ventures 1L Pte. Ltd. 

Workplay Ventures, LLC 
 EquityZen Growth
Technology Fund LLC – Series 34 
 EquityZen Growth Technology Fund LLC – Series 71 

 EquityZen Growth Technology Fund, LLC - Series 221 

North Shoreline Ventures V LLC 
 North Shoreline
Ventures VIII LLC 
 Schechter Private Capital Fund I, LLC 

G Squared IV, LP 
 Yves Behar 

Public Venture Capital Fund, L.P. 

Kakao Investment Co., Ltd 
 Stacy
Bass 
 Light Street SPVL, L.P. 
 Yvette Waldman

 Katherine D. Weber 2012 Irrevocable Trust 
 BEP VC LLC 

Advanced Technology Select Fund V, LLC 

Advanced Technology Select Fund II, LLC 

Advanced Technology Select Fund, LLC 
 Alexander
Capital Ventures LLC – Series A-1 Interest 
 Buttonwood Horizon Fund LLC 

Buttonwood Horizon QP Fund LLC 
 Celadon Technology Fund VI, LLC

 EQ-SDL, a Series of Equidate Investments LLC 

Jaggers’ House Limited Partnership 

PeerInvest New LLC 
 Pogue Capital
Fund LLC 
 SLGVF SPV-L, L.P. 

Target Carbon Ltd. 
 FIAM Target Date Large Cap
Stock Commingled Pool 
 Fidelity Advisor Series I: Fidelity Advisor Large Cap Fund 

Fidelity Advisor Series I: Fidelity Advisor Growth Opportunities Fund 

Fidelity Advisor Series I: Fidelity Advisor High Income Advantage Fund 

Fidelity Advisor Series I: Fidelity Advisor Leveraged Company Stock Fund 

 Fidelity Advisor Series I: Fidelity Advisor Series Growth Opportunities Fund 

Fidelity Advisor Series VII: Fidelity Advisor Technology Fund 

Fidelity Blue Chip Growth Institutional Trust 

Fidelity Central Investment Portfolios LLC: Fidelity Information Technology Central Fund 

Fidelity Concord Street Trust: Fidelity Large Cap Stock Fund 

Fidelity Concord Street Trust: Fidelity Large Cap Stock K6 Fund 

Fidelity Destiny Portfolios: Fidelity Advisor Capital Development Fund 

Fidelity Founders Investment Trust 

Fidelity Large Cap Stock Institutional Trust 

Fidelity Puritan Trust: Fidelity Puritan Fund – Equity Sub Portfolio 

Fidelity Puritan Trust: Fidelity Puritan Fund – High Yield Sub Portfolio 

Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund 

Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund 

Fidelity Securities Fund: Fidelity Leveraged Company Stock Fund 

Fidelity Securities Fund: Fidelity Series Blue Chip Growth Fund 

Fidelity Select Portfolios: Technology Portfolio 

Variable Insurance Products Fund II: Contrafund Portfolio 

Variable Insurance Products Fund III: Growth Opportunities Portfolio 

Variable Insurance Products Fund IV: Technology Portfolio 

Senator Redfire LLC 
 Baillie
Gifford US Growth Trust plc 
 Magna Autonomous Systems LLC 

Digi Phonics Inc 
 Joshua P.
Binder 
 Top Dawg Entertainment, LLC 

Quincey Hanley 
 LeBron James,
Trustee under LeBron James Declaration of Trust dated July 5, 2013, as amended 
 Maverick Carter Declaration of Trust 

 SCHEDULE B 

SCHEDULE OF FOUNDERS 
 Logan Green 

John Zimmer, Trustee of The Green 2014 Irrevocable Trust dated June 12, 2014 

El Trust dated August 3, 2015 

Logan Green 2016 Annuity Trust 

Eva Green 2016 Annuity Trust 

John Zimmer 
 John Zimmer, Trustee
of The John Zimmer 2016 Annuity Trust 
 John Zimmer Living Trust dtd 07.30.15 

Logan Davis Green, Trustee of The Zimmer 2014 Irrevocable Trust dated June 16, 2014 

 EXHIBIT A 

ADOPTION AGREEMENT 

This Adoption Agreement (“Adoption Agreement”) is executed on
                                , 20    , by the
undersigned (the “Holder”) pursuant to the terms of that certain Amended and Restated Investors’ Rights Agreement dated as of June 27, 2018 (as may be amended, amended and restated, modified or supplemented from time to time, the
“Agreement”), by and among Lyft, Inc. (the “Company”) and certain of its stockholders. Capitalized terms used but not defined in this Adoption Agreement shall have the respective meanings ascribed to such terms in the Agreement.
By the execution of this Adoption Agreement, the Holder agrees as follows. 
 1.1 Acknowledgement. Holder
acknowledges that Holder is acquiring certain shares of the capital stock of the Company (“Stock”) and/or options to purchase shares of the capital stock of the Company as a transferee of Stock from a party in such party’s capacity as
an Investor, an Other Selling Stockholder and/or a Holder, as applicable, bound by the Agreement, and after such transfer, Holder shall be considered an Investor, an Other Selling Stockholder and/or a Holder, as applicable and subject to meeting any
minimum share thresholds for all purposes of the Agreement. 
 1.2 Agreement. Holder hereby (a) agrees that the
Stock, and any other shares of capital stock or securities required by the Agreement to be bound thereby, shall be bound by and subject to the terms of the Agreement and (b) adopts the Agreement with the same force and effect as if Holder were
originally a party thereto, in each case as required by this Adoption Agreement. 
 1.3 Notice. Any notice required
or permitted by the Agreement shall be given to Holder at the address or facsimile number listed below Holder’s signature hereto. 
  

									
				
	HOLDER:	 	
                       
                                         
          
	 		 	 ACCEPTED AND AGREED:

				
	 By:
	 	 	 		 	LYFT, INC.
	 Name and Title of Signatory
	 		 	
				
	 Address:
	 	 	 		 	
By:                      
                                         
                                         
          

			
	 	 		 	
Title:                      
                                         
                                         
       

				
	 Facsimile Number:
	 	 	 		 	

 EXHIBIT B 

LYFT, INC., 
 A DELAWARE
CORPORATION 
 CERTIFICATE OF REPRESENTATIONS 

REGARDING QUALIFIED SMALL BUSINESS STOCK 

THIS CERTIFICATE OF REPRESENTATIONS REGARDING QUALIFIED SMALL BUSINESS STOCK (this “Certificate”) is executed
as of
                                        
by Lyft, Inc., a Delaware corporation (the “Company”), for the benefit of [Investor Name] (“Investor”). As used herein, the term “Stock” means those shares of Company stock issued by the Company to
Investor and described more fully on Schedule A hereto. 
 Representations 

Subject to the limitations and qualifications set forth below, the Company hereby represents as follows: 

1. The Company has conducted a reasonable investigation into the question of whether the Stock is “qualified small
business stock” (“QSBS”) within the meaning of Section 1202(c) of the Internal Revenue Code of 1986, as amended (the “Code”); 

2. The Company agrees to use its commercially reasonable efforts to comply with any applicable filing and reporting
requirements of Section 1202 of the Code and any regulations promulgated thereunder (including complying with any applicable filing or reporting requirements of Section 1202 of the Code and any regulations promulgated thereunder) to cause
such Stock to qualify as “qualified small business stock”; provided, however, that “reasonable efforts” as used in this Section 2 shall not be construed to require the Company to operate its business in a manner that would
adversely affect its business, limit its future prospects or alter the timing or resource allocation related to its planned operations or financing activities.; 

3. Upon request by Investor, the Company shall conduct a reasonable investigation to determine whether the Stock qualify as
“qualified small business stock” within the meaning of Code Sections 1045 and 1202, and shall transmit, in writing, the results of such investigation to Investor as expeditiously as reasonably possible, but in no event later than 10 days
following the Company’s receipt of such request; and 
 4. As of the date first above written, and assuming that
Investor has not sold the Stock, all of the Stock is QSBS. 

 Qualifications and Limitations 

1. Qualification of the Stock as QSBS is based, in part, on the value of Company stock or other assets at certain relevant
times. For purposes of the representations made in this Certificate, the Company has made a good faith determination of such values, taking into account all material facts and circumstances, but cannot guarantee that the Internal Revenue Service or
California tax authorities will not successfully assert that such determination is incorrect. 
 2. Qualification of the
Stock as QSBS is based, in part, on whether the Company has been engaged in the active conduct of one or more qualified trades or businesses. The term “qualified trade or business” set forth in Section 1202(e)(3) of the Code is not
clearly defined in all respects. For purposes of the representations made in this Certificate, the Company has made a good faith effort to apply the definition of qualified trade or business set forth in Section 1202(e)(3) of the Code, but
cannot guarantee that the Internal Revenue Service or California tax authorities will not successfully assert a contrary definition. 

3. Qualification of the Stock as QSBS is based, in part, on whether at least eighty percent (by value) of the Company’s
assets have been used in the active conduct of one or more qualified trades or businesses. For this purpose, assets held as “working capital” of a qualified trade or business within the meaning of Section 1202(e)(6) of the Code are
treated as used in the active conduct of such trade or business. The term “working capital” set forth in Section 1202(e)(6) of the Code is not clearly defined in all respects. For purposes of the representations made in this
Certificate, the Company has made a good faith effort to apply the definition of working capital set forth in Section 1202(e)(6) of the Code, but cannot guarantee that the Internal Revenue Service or California tax authorities will not
successfully assert a contrary definition. 
 4. Qualification of the Stock as QSBS is based, in part, on whether the
Company purchased any of its stock from a person related to Investor during a relevant testing period. For purposes of the representations made in this Certificate, the Company has made a good faith determination that such purchases did not occur,
but cannot guarantee that the Internal Revenue Service or California tax authorities will not successfully assert that such determination is incorrect. 

5. While the representations contained herein are made in good faith, the Company assumes no liability for the failure of the
Stock to qualify as QSBS. 
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the Company has executed this Certificate as of the date
first above written. 
  

			
	 LYFT, INC.

		
	 By:
	 	 
		
	 Name:
	 	 
		
	 Title:
	 	 

 SCHEDULE A 
  

									
	 Fund Name
	  	 Class/Type of

Stock
	  	 Issue Date
	  	 Stock Certificate

Number
	  	 Number of

SharesEX-10.3

 Exhibit 10.3 

LYFT, INC. 
 2018 EQUITY
INCENTIVE PLAN 
 as amended and restated on June 26, 2018 

1.        Purposes of the Plan. The purposes of this Plan are: 

 

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility,

  

	 	•	 	 to provide additional incentive to Employees, Directors and Consultants, and 

 

	 	•	 	 to promote the success of the Company’s business. 

The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock
and Restricted Stock Units. 
 2.       Definitions. As used herein, the following
definitions will apply: 
 (a)        “Administrator” means the
Board or any of its Committees as will be administering the Plan, in accordance with Section 4 of the Plan. 

(b)        “Applicable Laws” means the legal and regulatory
requirements relating to the administration of equity-based awards, including but not limited to, under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is
listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 

(c)        “Award” means, individually or collectively, a grant under
the Plan of Options, Stock Appreciation Rights, Restricted Stock, or Restricted Stock Units. 

(d)        “Award Agreement” means the written or electronic
agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 

(e)        “Board” means the Board of Directors of the Company. 

(f)        Change in Control” means the occurrence of any of the following
events: 
 (i)    Change in Ownership of the Company. A change in the ownership of the
Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more
than fifty percent (50%) of the total voting power 

  
 -1- 

 
of the stock of the Company; provided, however, that for purposes of this subsection, the acquisition of additional stock by any one Person, who is considered to own more than fifty percent
(50%) of the total voting power of the stock of the Company will not be considered a Change in Control; provided, further, that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is
approved by the Board also will not be considered a Change in Control. Further, if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership, in substantially the same
proportions as their ownership of shares of the Company’s voting stock immediately prior to the change in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the stock of the Company or
of the ultimate parent entity of the Company, such event shall not be considered a Change in Control under this subsection (i). For this purpose, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership
of the voting securities of one or more corporations or other business entities which own the Company, as the case may be, either directly or through one or more subsidiary corporations or other business entities; or 

(ii)    Change in Effective Control of the Company. If the Company has a class of securities
registered pursuant to Section 12 of the Exchange Act, a change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors whose
appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this subsection (ii), if any Person is considered to be in effective control of the Company, the
acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or 

(iii)    Change in Ownership of a Substantial Portion of the Company’s Assets.
A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such
person or persons) assets from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition
or acquisitions; provided, however, that for purposes of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets: (A) a transfer to an entity that is controlled by
the Company’s stockholders immediately after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the
Company’s stock, (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (3) a Person, that owns, directly or indirectly, fifty percent
(50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person
described in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets. 
 For purposes of this Section 2(f), persons will be considered to be acting as a group
if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a
change in control event within the meaning of Code 

  
 -2- 

 
Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be
promulgated thereunder from time to time. 
 Further and for the avoidance of doubt, a transaction will not constitute a
Change in Control if: (i) its primary purpose is to change the jurisdiction of the Company’s incorporation, or (ii) its primary purpose is to create a holding company that will be owned in substantially the same proportions by the
persons who held the Company’s securities immediately before such transaction. 

(g)       “Code” means the Internal Revenue Code of 1986, as amended.
Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending,
supplementing or superseding such section or regulation. 

(h)       “Committee” means a committee of Directors or of other
individuals satisfying Applicable Laws appointed by the Board, or by a duly authorized committee of the Board, in accordance with Section 4 hereof. 

(i)       “Common Stock” means the common stock of the Company. 

(j)       “Company” means Lyft, Inc., a Delaware corporation, or
any successor thereto. 
 (k)      “Consultant” means any natural person,
including an advisor, engaged by the Company or a Parent or Subsidiary to render bona fide services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital-raising transaction, and
(ii) do not directly promote or maintain a market for the Company’s securities, in each case, within the meaning of Form S-8 promulgated under the Securities Act, and provided further, that a
Consultant will include only those persons to whom the issuance of Shares may be registered under Form S-8 promulgated under the Securities Act. 

(l)      “Director” means a member of the Board. 

(m)    “Disability” means total and permanent disability as defined in Code
Section 22(e)(3), provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time. 

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

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

(p)    “Exchange Program” means a program under which (i) outstanding Awards are
surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or cash, (ii) Participants would

  
 -3- 

 
have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding
Award is reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion. 

(q)       “Fair Market Value” means, as of any date, the value of Common
Stock determined as follows: 
 (i)    If the Common Stock is listed on any established stock exchange
or a national market system, including without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or, if
no closing sales price was reported on that date, as applicable, on the last trading date such closing sales price was reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; 
 (ii)    If the Common Stock is regularly quoted by
a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported
on that date, as applicable, on the last trading date such bids and asks were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 

(iii)    In the absence of an established market for the Common Stock, the Fair Market Value will be
determined in good faith by the Administrator. 
 (r)        “Incentive
Stock Option” means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Code Section 422 and the regulations promulgated thereunder. 

(s)        “Nonstatutory Stock Option” means an Option that by its
terms does not qualify or is not intended to qualify as an Incentive Stock Option. 

(t)        “Option” means a stock option granted pursuant to the
Plan. 
 (u)        “Parent” means a “parent
corporation,” whether now or hereafter existing, as defined in Code Section 424(e). 

(v)        “Participant” means the holder of an outstanding Award.

 (w)        “Period of Restriction” means the period during which
the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance,
or the occurrence of other events as determined by the Administrator. 

(x)        “Plan” means this 2018 Equity Incentive Plan. 

  
 -4- 

 (y)      “Restricted Stock”
means Shares issued pursuant to an Award of Restricted Stock under Section 8 of the Plan, or issued pursuant to the early exercise of an Option. 

(z)      “Restricted Stock Unit” means a bookkeeping entry representing an
amount equal to the Fair Market Value of one Share, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 

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

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

(cc)    “Share” means a share of the Common Stock, as adjusted in accordance with
Section 13 of the Plan. 
 (dd)    “Stock Appreciation Right” means an Award,
granted alone or in connection with an Option, that pursuant to Section 7 is designated as a Stock Appreciation Right. 

(ee)    “Subsidiary” means a “subsidiary corporation,” whether now or hereafter
existing, as defined in Code Section 424(f). 

3.        Stock Subject to 
the Plan. 
 (a)      Stock Subject to the Plan. Subject to the
provisions of Section 13 of the Plan, the maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is
                     Shares, plus (i) any Shares that, as of the date of Board approval of this Plan, have been reserved but not issued pursuant
to any awards granted under the Company’s 2008 Equity Incentive Plan (the “2008 Plan”) and are not subject to any awards granted thereunder, and (ii) any Shares subject to stock options, restricted stock units, or similar awards
granted under the 2008 Plan that, after the date of Board approval of this Plan, expire or otherwise terminate without having been exercised in full, are tendered to or withheld by the Company for payment of an exercise price or for
satisfying tax withholding obligations, or are forfeited to or repurchased by the Company due to failure to vest and Shares issued pursuant to awards granted under the 2008 Plan that, after the date of Board approval of this Plan, are
forfeited to or repurchased by the Company, with the maximum number of Shares to be added to the Plan pursuant to clauses (i) and (ii) equal to
                     Shares. The Shares granted and issued under the Plan may be authorized but unissued, or reacquired Common Stock. 

(b)      Lapsed Awards. If an Award expires or becomes unexercisable without having been
exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock or Restricted Stock Units, is forfeited to or repurchased by the Company due to the failure to vest, the unpurchased Shares (or for Awards other
than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has terminated). With respect to Stock Appreciation Rights, only
Shares actually issued pursuant to a Stock Appreciation Right will cease to be available under the Plan; all remaining Shares under Stock Appreciation Rights will remain available for future grant or sale under the Plan (unless the Plan has
terminated). Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of
Restricted Stock or Restricted Stock Units are repurchased by the Company or are forfeited to the Company due 

  
 -5- 

 
to the failure to vest, such Shares will become available for future grant under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related
to an Award will become available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under
the Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section 13, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in
Section 3(a), plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). 

 (c)    Share Reserve. The Company, during the term of this Plan, will at all times reserve
and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 

4.        Administration of the Plan. 

 (a)    Procedure. 

(i)    Multiple Administrative Bodies. Different Committees with respect to different groups of
Service Providers may administer the Plan. 
 (ii)    Other Administration. Other than as
provided above, the Plan will be administered by (A) the Board or (B) a Committee, which Committee will be constituted to satisfy Applicable Laws. 

(b)    Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a
Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: 

(i)      to determine the Fair Market Value; 

(ii)     to select the Service Providers to whom Awards may be granted hereunder; 

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

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

(v)     to determine the terms and conditions, not inconsistent with the terms of the Plan, of any
Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture
restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; 

(vi)    to institute and determine the terms and conditions of an Exchange Program; 

  
 -6- 

 (vii)    to construe and interpret the terms of the
Plan and Awards granted pursuant to the Plan; 
 (viii)    to prescribe, amend and rescind rules and
regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under
applicable foreign laws; 
 (ix)    to modify or amend each Award (subject to Section 18(c) of the
Plan), including but not limited to the discretionary authority to extend the post-termination exercisability period of Awards; provided, however, that in no case will an Option or Stock Appreciation right be extended beyond its original maximum
term; 
 (x)    to allow Participants to satisfy withholding tax obligations in a manner prescribed in
Section 14; 
 (xi)    to authorize any person to execute on behalf of the Company any instrument
required to effect the grant of an Award previously granted by the Administrator; 
 (xii)    to allow
a Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant under an Award; and 

(xiii)    to make all other determinations deemed necessary or advisable for administering the Plan. 

(c)        Effect of Administrator’s Decision. The
Administrator’s decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by Applicable Laws. 

5.        Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights,
Restricted Stock, and Restricted Stock Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 

6.        Stock Options. 

(a)        Grant of Options. Subject to the terms and provisions of the Plan,
the Administrator, at any time and from time to time, may grant Options in such amounts as the Administrator, in its sole discretion, will determine. 

(b)        Option Agreement. Each Award of an Option will be evidenced by an
Award Agreement that will specify the exercise price, the term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its
sole discretion, will determine. 
 (c)        Limitations. Each Option will
be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive
Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars 

  
 -7- 

 
($100,000), such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(c), Incentive Stock Options will be taken into account in the order in which they were
granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and calculation will be performed in accordance with Code Section 422 and Treasury Regulations promulgated
thereunder. 
 (d)        Term of Option. The term of each Option will be
stated in the Award Agreement; provided, however, that the term will be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is
granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years from the date of
grant or such shorter term as may be provided in the Award Agreement. 

(e)        Option Exercise Price and Consideration. 

(i)    Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the
exercise of an Option will be determined by the Administrator, but will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. In addition, in the case of an Incentive Stock Option granted to an Employee
who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value
per Share on the date of grant. Notwithstanding the foregoing provisions of this Section 6(e)(i), Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of
grant pursuant to a transaction described in, and in a manner consistent with, Code Section 424(a). 

(ii)    Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator
will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. 

(iii)    Form of Consideration. The Administrator will determine the acceptable form of
consideration for exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely
of: (1) cash; (2) check; (3) promissory note, to the extent permitted by Applicable Laws, (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the
Shares as to which such Option will be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion; (5) consideration
received by the Company under cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan; (6) by net exercise, (7) such other consideration and method of payment for the
issuance of Shares to the extent permitted by Applicable Laws, or (8) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance of
such consideration may be reasonably expected to benefit the Company. 

  
 -8- 

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

 An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the
Administrator may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable tax withholding). Full payment may
consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the
Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive
dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised.
No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 13 of the Plan. 

Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and
for sale under the Option, by the number of Shares as to which the Option is exercised. 

(ii)    Termination of Relationship as a Service Provider. If a Participant ceases to be a Service
Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within thirty (30) days of termination, or such longer period of time as is
specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of termination. Unless otherwise provided by the
Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his
or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(iii)    Disability of Participant. If a Participant ceases to be a Service Provider as a result
of the Participant’s Disability, the Participant may exercise his or her Option within six (6) months of termination, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the
term of such Option as set forth in the Award Agreement) to the extent the Option is vested on the date of termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her
entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares
covered by such Option will revert to the Plan. 
 (iv)    Death of Participant. If a
Participant dies while a Service Provider, the Option may be exercised within six (6) months following the Participant’s death, or within such longer period of time as is specified in the Award Agreement (but in no event later than the
expiration of the 

  
 -9- 

 
term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of death, by the Participant’s designated beneficiary, provided such beneficiary
has been designated prior to the Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative of the
Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. Unless otherwise provided by the Administrator, if at the time of
death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will
terminate, and the Shares covered by such Option will revert to the Plan. 

7.        Stock Appreciation Rights. 

(a)        Grant of Stock Appreciation Rights. Subject to the terms and
conditions of the Plan, a Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 

(b)        Number of Shares. The Administrator will have complete discretion to
determine the number of Shares subject to any Award of Stock Appreciation Rights. 

(c)        Exercise Price and Other Terms. The per Share exercise price for the
Shares that will determine the amount of the payment to be received upon exercise of a Stock Appreciation Right as set forth in Section 7(f) will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair
Market Value per Share on the date of grant. Otherwise, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan. 

(d)        Stock Appreciation Right Agreement. Each Stock Appreciation Right
grant will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will
determine. 
 (e)        Expiration of Stock Appreciation Rights. A Stock
Appreciation Right granted under the Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(d) relating to the maximum
term and Section 6(f) relating to exercise also will apply to Stock Appreciation Rights. 

(f)        Payment of Stock Appreciation Right Amount. Upon exercise of a Stock
Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying: 

(i)    The difference between the Fair Market Value of a Share on the date of exercise over the exercise
price; times 
 (ii)    The number of Shares with respect to which the Stock Appreciation Right is
exercised. 

  
 -10- 

 At the discretion of the Administrator, the payment upon Stock Appreciation
Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 

8.       Restricted Stock. 

(a)    Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the
Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 

(b)    Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award
Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as
escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. 

(c)    Transferability. Except as provided in this Section 8 or as the Administrator
determines, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 

(d)    Other Restrictions. The Administrator, in its sole discretion, may impose such other
restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. 
 (e)    Removal
of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of
Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 

(f)    Voting Rights. During the Period of Restriction, Service Providers holding Shares of
Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g)    Dividends and Other Distributions. During the Period of Restriction, Service Providers
holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares
will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 

(h)    Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the
Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 

9.       Restricted Stock Units. 

(a)    Grant. Restricted Stock Units may be granted at any time and from time to time as determined
by the Administrator. After the Administrator determines that it will grant Restricted Stock Units, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of
Restricted Stock Units. 

  
 -11- 

 (b)    Vesting Criteria and Other Terms. The
Administrator will set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting
criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment or service), or any other basis determined by the Administrator in its discretion. 

(c)    Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the
Participant will be entitled to receive a payout as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting
criteria that must be met to receive a payout. 
 (d)    Form and Timing of Payment. Payment of
earned Restricted Stock Units will be made as soon as practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Restricted Stock Units in cash,
Shares, or a combination of both. 
 (e)    Cancellation. On the date set forth in the Award
Agreement, all unearned Restricted Stock Units will be forfeited to the Company. 
 10.    Compliance
With Code Section 409A. Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A such that the grant, payment,
settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. The Plan and each Award Agreement under the Plan is
intended to meet the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or
payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the grant, payment, settlement
or deferral will not be subject to the additional tax or interest applicable under Code Section 409A. In no event will the Company have any obligation under the terms of this Plan to reimburse a Participant for any taxes or other costs that may
be imposed on Participant as a result of Section 409A. 
 11.    Leaves of Absence/Transfer
Between Locations. Unless the Administrator provides otherwise (including, but not limited to, in any Company leave of absence policy), vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Participant will
not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options,
no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six
(6) months following the first (1st) day of such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax
purposes as a Nonstatutory Stock Option. 

  
 -12- 

 12.    Limited Transferability of Awards. 

(a)    Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned,
hypothecated, or otherwise transferred in any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award
transferable, such Award may only be transferred (i) by will, (ii) by the laws of descent and distribution, or (iii) as permitted by Rule 701 of the Securities Act. 

(b)    Further, until the Company becomes subject to the reporting requirements of Section 13 or
15(d) of the Exchange Act, or after the Administrator determines that it is, will, or may no longer be relying upon the exemption from registration under the Exchange Act as set forth in Rule 12h-1(f)
promulgated under the Exchange Act (the “Rule 12h-1(f) Exemption”), an Option, or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or
disposed of, in any manner, including by entering into any short position, any “put equivalent position” or any “call equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (i) persons who are “family members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations orders, or
(ii) to an executor or guardian of the Participant upon the death or disability of the Participant, in each case, to the extent required for continued reliance on the Rule 12h-1(f) Exemption.
Notwithstanding the foregoing sentence, the Administrator, in its sole discretion, may determine to permit transfers to the Company or in connection with a Change in Control or other acquisition transactions involving the Company to the extent
permitted by Rule 12h-1(f) or, if the Company is not relying on the Rule 12h-1(f) Exemption, to the extent permitted by the Plan. 

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

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

  
 -13- 

 (c)    Merger or Change in Control. In the event
of a merger of the Company with or into another corporation or other entity or a Change in Control, each outstanding Award will be treated as the Administrator determines (subject to the provisions of the following paragraph) without a
Participant’s consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent awards will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate
adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of such merger or Change in Control;
(iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent the
Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that
would have been attained upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the
Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment), or (B) the
replacement of such Award with other rights or property selected by the Administrator in its sole discretion; (v) with respect only to an Award (or portion thereof) that is unvested as of immediately prior to the effective time of the merger or
Change in Control, the termination of the Award immediately prior to the effective time of the merger or Change in Control with such payment to the Participant (including no payment) as the Administrator determines in its discretion; or
(vi) any combination of the foregoing. In taking any of the actions permitted under this subsection 13(c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly.

 If a vested Option or Stock Appreciation Right is not assumed or substituted in the event of a merger or Change in
Control, the Administrator will notify the Participant in writing or electronically that the vested Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its sole discretion, and the vested
Option or Stock Appreciation Right will terminate upon the expiration of such period. 
 For the purposes of this subsection
13(c), an Award will be considered assumed if, following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration
(whether stock, cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the
type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent,
the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, for each Share subject to
such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or Change in Control. 

  
 -14- 

 Notwithstanding anything in this Section 13(c) to the contrary, if a
payment under an Award Agreement is subject to Code Section 409A and if the change in control definition contained in the Award Agreement does not comply with the definition of “change of control” for purposes of a distribution under
Code Section 409A, then any payment of an amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment would be permissible under Code Section 409A without triggering any penalties
applicable under Code Section 409A. 
 14.    Tax Withholding. 

(a)    Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award
(or exercise thereof), the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the
Participant’s FICA obligation) required to be withheld with respect to such Award (or exercise thereof). 

(b)    Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such
procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by such methods as the Administrator shall determine, including, without limitation, (i) paying cash,
(ii) electing to have the Company withhold otherwise deliverable Shares having a fair market value equal to the minimum statutory amount required to be withheld or such greater amount as the Administrator may determine if such amount would not
have adverse accounting consequences, as the Administrator determines in its sole discretion, (iii) delivering to the Company already-owned Shares having a fair market value equal to the statutory amount required to be withheld or such greater
amount as the Administrator may determine, in each case, provided the delivery of such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (iv) selling a sufficient number of
Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, (v) electing to have the Company
withhold cash from any other compensation owed to the Participant, (vi) any other method approved by the Administrator and consistent with Applicable Laws, or (vii) any combination of the foregoing methods of payment. The amount of the
withholding requirement will be deemed to include any amount which the Administrator agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates
applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined. The fair market value of the Shares to be withheld or delivered will be determined as of the date that the taxes are
required to be withheld. 
 15.    No Effect on Employment or Service. Neither the Plan nor any
Award will confer upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company or its Subsidiaries or Parents, as applicable, nor will they interfere in any way with the
Participant’s right or the right of the Company and its Subsidiaries or Parents, as applicable to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 

16.    Date of Grant. The date of grant of an Award will be, for all purposes, the date on which
the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant.

  
 -15- 

 17.    Term of Plan. Subject to Section 21
of the Plan, the Plan will become effective upon its adoption by the Board. Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date of the Plan, or
(b) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 

18.    Amendment and Termination of the Plan. 

(a)    Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the
Plan. The Board may authorize one or more committees to amend the plan, subject to the provisions of the plan. 

(b)    Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to
the extent necessary and desirable to comply with Applicable Laws. 
 (c)    Effect of Amendment or
Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant with respect to an outstanding Award, unless agreed in writing and by the Participant. Termination of the Plan will not affect
the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

19.    Conditions Upon Issuance of Shares. 

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

(b)    Investment Representations. As a condition to the exercise of an Award, the Company may
require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of
counsel for the Company, such a representation is required. 
 20.    Inability to Obtain
Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or foreign
law or under the rules and regulations of the Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or
rule compliance is deemed by the Company’s counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority, registration, qualification or rule compliance will not have been obtained. 

  
 -16- 

 21.    Stockholder Approval. The Plan will be
subject to approval by the stockholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. 

22.    Information to Participants. If and as required (i) pursuant to Rule 701 of the
Securities Act, if the Company is relying on the exemption from registration provided pursuant to Rule 701 of the Securities Act with respect to the applicable Award, and/or (ii) pursuant to Rule 12h-1(f) of the Exchange Act, to the extent the
Company is relying on the Rule 12h-1(f) Exemption, then during the period of reliance on the applicable exemption and in each case of (i) and (ii) until such time as the Company becomes subject to the
reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall provide to each Participant the information described in paragraphs (e)(3), (4), and (5) of Rule 701 under the Securities Act not less frequently than
every six (6) months with the financial statements being not more than 180 days old and with such information provided either by physical or electronic delivery to the Participants or by written notice to the Participants of the availability of
the information on an Internet site that may be password-protected and of any password needed to access the information. The Company may request that Participants agree to keep the information to be provided pursuant to this section confidential. If
a Participant does not agree to keep the information to be provided pursuant to this section confidential, then the Company will not be required to provide the information unless otherwise required pursuant to Rule
12h-1(f)(1) under the Exchange Act (if the Company is relying on the Rule 12h-1(f) Exemption) or Rule 701 of the Securities Act (if the Company is relying on the exemption pursuant to Rule 701 of the
Securities Act). 
 23.    Forfeiture Events. The Administrator may specify in an Award Agreement
that the Participant’s rights, payments, and benefits with respect to an Award will be subject to the reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable
vesting or performance conditions of an Award. Notwithstanding any provisions to the contrary under this Plan, an Award shall be subject to the Company’s clawback policy as may be established and/or amended from time to time to comply with
Applicable Laws (the “Clawback Policy”). The Administrator may require a Participant to forfeit, return or reimburse the Company all or a portion of the Award and any amounts paid thereunder pursuant to the terms of the Clawback Policy or
as necessary or appropriate to comply with Applicable Laws. 

  
 -17- 

 LYFT, INC. 

2018 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the 2018 Equity Incentive Plan (the “Plan”) shall have the
same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 

I.       NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

Name:     «Name» 

Address:     

The undersigned individual (the “Participant”) has been granted the right to receive an Award of Restricted Stock
Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: 
  

					
	 Date of Grant
	  	 October 9, 2018
	  	
			
	 Vesting Commencement Date
	  	 «VCD»
	  	
			
	 Number of Restricted Stock Units
	  	 «Shares»
	  	
			
	 Expiration Date
	  	 October 9, 2025
	  	

 Vesting Schedule: Participant will receive one Share with respect to each Restricted
Stock Unit only if such Restricted Stock Unit vests. Two vesting requirements must be satisfied on or before the Forfeiture Date (as defined below) in order for a Restricted Stock Unit to vest – a time and service-based requirement as described
in the first paragraph below (the “Time-Based Component”) and the occurrence of a Liquidity Event as described in the second paragraph below (the “Performance-Based Component”). The Restricted Stock Units will not vest (in
whole or in part) unless both requirements are satisfied. If both the Time-Based Component and the Performance-Based Component are satisfied, the vesting date (“Vesting Date”) of a Restricted Stock Unit will be the first date upon which
both of those requirements were satisfied with respect to that particular Restricted Stock Unit. 
 Time-Based
Component: The Time-Based Component will be satisfied as to 25% of the Restricted Stock Units on the 1-year anniversary of the Vesting Commencement Date and 1/12 of the remaining Restricted Stock Units
will be satisfied on each Quarterly Vesting Date thereafter, provided the Participant’s continuously remaining a Service Provider. “Quarterly Vesting Date” means each of February 20, May 20, August 20, and November 20.

 Performance-Based Component: The Performance-Based Component will be satisfied upon the occurrence of a Liquidity
Event on or prior to the Forfeiture Date. “Liquidity Event” means the earlier of (i) a Change in Control (as defined under the Plan) or (ii) the effective date of a registration statement of the Company filed under the Securities
Act for the Company’s primary initial public offering of the Company’s securities (the “IPO”).

 Forfeiture Date: The Forfeiture Date will be the first to occur of:
(i) the Expiration Date, (ii) the date on which Participant’s status as a Service Provider is terminated for Cause (as defined below), or (iii) the date on which Participant is found to have engaged, before or after the
Termination Date, in conduct that constitutes or would have constituted Cause. “Termination Date” means the date of Participant’s status as a Service Provider terminates. 

Cause. “Cause” means the occurrence of any of the following: (i) any willful, material violation by the
Participant of any law or regulation applicable to the business of the Company or a Parent or Subsidiary of the Company, the Participant’s conviction for, or guilty plea to, a felony or a crime involving moral turpitude, or any willful
perpetration by the Participant of a common law fraud, (ii) the Participant’s commission of an act of personal dishonesty which involves personal profit in connection with the Company or any other entity having a business relationship with
the Company, (iii) any material breach by the Participant of any provision of any agreement or understanding between the Company or any Parent or Subsidiary of the Company and the Participant regarding the terms of the Participant’s
service as an Employee, officer, Director or Consultant, including without limitation, the willful and continued failure or refusal of the Participant to perform the material duties required of such Participant as an employee, officer, director or
consultant of the Company or a Parent or Subsidiary of the Company, other than as a result of having a Disability, or a breach of any applicable invention assignment and confidentiality agreement or similar agreement between the Company or a Parent
or Subsidiary of the Company and the Participant, (iv) Participant’s disregard of the policies of the Company or any Parent or Subsidiary of the Company so as to cause loss, damage or injury to the property, reputation or employees of the
Company or a Parent or Subsidiary of the Company, or (v) any other misconduct by the Participant which is materially injurious to the financial condition or business reputation of, or is otherwise materially injurious to, the Company or a
Parent or Subsidiary of the Company. All decisions regarding whether conduct is or is not Cause will be made in the sole discretion of the Company. 

Cessation as Service Provider. Notwithstanding any contrary provision of this Award Agreement, if the Time-Based
Component has not been satisfied as to any Restricted Stock Units as of Participant’s Termination Date, those Restricted Stock Units for which the Time-Based Component has not been satisfied will expire on the Termination Date (regardless of
the reason for the cessation of Participant’s status as a Service Provider). 
 Transfer Restrictions. This
Award and any Shares that are issued under this Award Agreement are and will be subject to various transfer restrictions as provided in the Company’s By-Laws and other documents (including, but not
limited to, Section 11 and Sections 13 through 15 of this Agreement). 
 Arbitration. By signing this Award
Agreement, Participant is agreeing to arbitration of any disputes related to this Award Agreement and of any disputes related to Participant’s employment relationship with the Company, as provided in Section 16. 

  
 -2- 

	II.     AGREEMENT	 

1.    Grant of Restricted Stock Units. The Company hereby grants to the Participant named in the
Notice of Grant of Restricted Stock Units in Part I of this Award Agreement (the “Notice of Grant”) an Award of Restricted Stock Units, subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to
Section 18 of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Award Agreement, the terms and conditions of the Plan shall prevail. 

2.    Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive
a Share on the date it vests. Unless and until the Restricted Stock Units have vested in the manner set forth in Section 4, Participant will have no right to payment in settlement of any such Restricted Stock Units. Prior to actual payment in
settlement of any vested Restricted Stock Unit, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 

3.    Participant’s Representations. In the event the Shares have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), Participant shall, if required by the Company, prior to the receipt of any payment in settlement of all or any portion of this Award of Restricted Stock Units, deliver to the
Company his or her Investment Representation Statement in the form attached hereto as Exhibit A. 

4.    Vesting Schedule. Subject to Sections 7 and 10, the Restricted Stock Units awarded by this
Award Agreement will vest in accordance with the vesting schedule set forth in the Notice of Grant. For purposes of whether Participant has remained a Service Provider for the period to vest in any portion of this Award, a leave of absence will not
affect vesting or status as a Service Provider to the extent specifically provided by the Administrator or the Company’s leave of absence policy (as it may exist from time to time), subject in all cases to Applicable Law. As of the Date of
Grant of this Award, the Company’s leave of absence policy generally permits a Company-approved leave of absence to count for vesting purposes only up to a maximum of 3 months (longer in certain limited cases). Unless otherwise determined by
the Administrator, all vesting of this Award will be suspended following the expiration of the maximum period permitted by the policy. 

5.    Lock-Up Period. Participant hereby agrees that
Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other
securities) of the Company held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company (the
“Lock-Up Period”) not to exceed one hundred and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period
as may be requested by the Company or the underwriters to accommodate regulatory 

  
 -3- 

 
restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in
NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). 
 Participant agrees to execute and deliver
such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of
the underwriters of Common Stock (or other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion
of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 5 shall not apply to a registration relating solely to employee benefit plans
on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction
until the end of said one hundred and eighty (180) day (or other) period. Participant agrees that any transferee of this Award of Restricted Stock Units or Shares acquired pursuant to this Award of Restricted Stock Units shall be bound by this
Section 5. 
 6.       Payment after Vesting. 

(a)    Subject to Section 10, any Restricted Stock Units that vest will be paid to Participant (or in
the event of Participant’s death, to his or her properly designated beneficiary or estate) in whole Shares. Subject to the provisions of the rest of this paragraph and the following paragraph, such vested Restricted Stock Units shall be settled
by payment in whole Shares within 10 days following vesting, but in all events no later than March 15 of the year following the calendar year that includes the vesting date, or if later, the end of the Company’s tax year that includes the
vesting date. The following rule shall apply to any Restricted Stock Units for which both the Time-Based Component is satisfied on or prior to satisfaction of the Performance-Based Component and which Restricted Stock Units subsequently vest on the
date of satisfaction of the Performance-Based Component as a result of an IPO only. Any such Restricted Stock Units will be paid to Participant in Shares as soon as administratively practicable following the IPO as determined by the Administrator,
but in no event later than the earlier of: (i) the first trading day following the Lock-Up Period, or (ii) March 15 of the year following the year in which the IPO occurs. With respect to
all Restricted Stock Units covered by this Award Agreement, in no event will Participant be permitted, directly or indirectly, to specify the taxable year of payment in settlement of any Restricted Stock Units. 

(b)    Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the
balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection with the termination of Participant’s status as a Service Provider (provided that such termination is a “separation from
service” within the meaning of Section 409A (as defined below), as determined by the Company), other than due to death, and if (i) Participant is a “specified employee” within the meaning of Section 409A at the time of
such termination of status as a Service Provider and (ii) the payment in settlement of such accelerated 

  
 -4- 

 Restricted Stock Units will result in the imposition of additional tax under
Section 409A if paid to Participant on or within the six (6)-month period following the termination of Participant’s status as a Service Provider, then the payment in settlement of such accelerated Restricted Stock Units will not be
made until the date six (6) months and one (1) day following the date of the termination of Participant’s status as a Service Provider, unless the Participant dies following the termination of his or her status as a Service Provider,
in which case, the Restricted Stock Units will be settled by payment in Shares to the Participant’s estate as soon as practicable following his or her death. For purposes of this Award Agreement, “Section 409A” means
Section 409A of the Code, and any proposed, temporary, or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. The Restricted Stock Units are intended to fall within the
“short-term deferral” exemption from Section 409A, and any ambiguities herein will be interpreted accordingly. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this
Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to avoid imposition of any additional tax or income recognition under Section 409A in connection with this Award of Restricted
Stock Units, provided that any such revisions shall be intended to preserve the material economic benefits of the Award for Participant. Nevertheless, Participant acknowledges and agrees that the Company cannot and has not guaranteed that the
Internal Revenue Service (the “IRS”) or any other authority will agree that the Award Agreement complies with Section 409A. Participant agrees that Participant is solely responsible for any taxes and other costs imposed on Participant
due to Section 409A. 
 7.    Forfeiture Upon Termination of Service Provider Status. As
provided in the Notice of Grant (Section I), if upon the Termination Date, any Restricted Stock Units awarded by this Award Agreement as to which the Time-Based Component has not been satisfied as of such Termination Date automatically will
terminate on the Termination Date. Upon the Termination Date, any Restricted Stock Units as to which the Time-Based Component has been satisfied as of the Termination Date will, if the Performance-Based Component is not satisfied as of the
Termination Date, remain outstanding until the first to occur of (i) the date of the satisfaction of the Performance-Based Component or (ii) the Forfeiture Date. In the case of any dispute as to whether Participant has occurred, or whether
such Termination is for Cause, or whether Participant has engaged in conduct that, before or after Termination, constitutes or would have constituted Cause, the Administrator will have the sole discretion to determine whether such Termination or
conduct that would have been Cause has occurred and the Termination Date. Further, if the Performance-Based Component is not satisfied on or before the Forfeiture Date, all Restricted Stock Units (regardless of whether or not, or the extent to
which, the Time-Based Component had been satisfied as to such Restricted Stock Units) will automatically terminate upon such date. Upon a termination of one or more Restricted Stock Units pursuant to this Section 7, Participant will have no
further rights with respect to such Restricted Stock Units. 

  
 -5- 

 8.    Tax Consequences. Participant has reviewed
with his or her own tax advisors the U.S. federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisors and
not on any statements or representations of the Company or any of its agents, written or oral. Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of
this investment or the transactions contemplated by this Award Agreement. 
 9.    Death of
Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the
administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (i) written notice of his or her status as transferee and (ii) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said transfer. 

10.    Responsibility for Taxes and Tax Withholding. 

(a)    Participant acknowledges that, regardless of any action taken by the Company, the ultimate
liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable to
Participant or deemed by the Company in its discretion to be an appropriate charge to Participant even if legally applicable to the Company (“Tax-Related Items”) will be Participant’s sole
responsibility and may exceed the amount actually withheld by the Company. 
 (b)    When Shares are
issued as payment for vested Restricted Stock Units, Participant generally will recognize immediate U.S. taxable income if Participant is a U.S. taxpayer. If Participant is a non-U.S. taxpayer, Participant
will be subject to applicable taxes in his or her jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, Participant agrees to make arrangements satisfactory to the Company and/or Parent or Subsidiary that directly
employs Participant (the “Employer”) to satisfy all Tax-Related Items. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit
Participant to satisfy such Tax-Related Items, in one or more of the following methods to the extent permissible by Applicable Law: (i) paying cash, (ii) electing to have the Company withhold
otherwise deliverable Shares having a Fair Market Value equal to the amount of such Tax-Related Items, (iii) withholding the amount of such Tax-Related Items from
Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer, (iv) delivering to the Company already vested and owned Shares having a Fair Market Value equal to such
Tax-Related Items, (v) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion (whether through a broker or
otherwise) equal to the amount of the Tax-Related Items, or (vi) by such other method as may be permitted by the Plan and the Administrator. 

(c)    Depending on the withholding method employed, 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. Share withholding generally will be done in whole Shares
only. Accordingly, Participant will 

  
 -6- 

 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, Participant will be deemed to have been issued the full number of
shares of Common Stock subject to the vested portion of the Award, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items. 

(d)    Finally, Participant agrees 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 Participant’s participation in the Plan that cannot be satisfied by any of the means previously
described. Notwithstanding any contrary provision of the Plan, the Notice of Grant or of this Agreement, if Participant fails to make satisfactory arrangements for the payment of any Tax-Related Items
when due, Participant permanently will forfeit the Restricted Stock Units on which the Tax-Related Items were not satisfied and also will permanently forfeit any right to receive shares of Common Stock
thereunder. In that case, the Restricted Stock Units will be returned to the Company at no cost to the Company. 

11.    Rights as Stockholder; Restrictions on Transfers. 

(a)    Neither Participant nor any person claiming under or through Participant will have any of the
rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or
registrars, and delivered to Participant. After such issuance, recordation, and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such
Shares. 
 (b)    Participant shall not sell, assign, convey, transfer, pledge, hedge, hypothecate,
encumber, gift, grant any security interest or lien, grant any option, or otherwise transfer or dispose of in any manner or for any legal, economic, or beneficial interest, whether or not for value and whether voluntary or involuntary or by
operation of law any of the Shares which are subject to the Company’s Right of First Refusal described below, and any agreement to do any of the foregoing shall be prohibited, in all cases, except as permitted by this Award Agreement. If
proposed prior to registration of the Shares under the Securities Act, such proposed disposition of the Shares shall have been approved by the Board in its sole discretion. 

12.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF
THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED,
BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT
CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, 

  
 -7- 

 FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT
OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

13.    Grant is Not Transferable. Except to the limited extent provided in Section 9, this
Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process.
Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award or any right or privilege conferred hereby or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and
privileges conferred hereby immediately will become null and void. 
 14.    Company’s Right of
First Refusal. Before any Shares acquired pursuant to this Award of Restricted Stock Units that are held by Participant or any transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise transferred
(including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this Section 14 (the “Right of First Refusal”). 

(a)    Notice of Proposed Transfer. The Holder of such Shares shall deliver to the Company a
written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer the Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed Transferee”);
(iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration for which the Holder proposes to transfer the Shares (the “Offered Price”), and the Holder shall
offer the Shares at the Offered Price to the Company or its assignee(s). 
 (b)    Exercise of Right
of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be
transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below. 

(c)    Purchase Price. The purchase price for the Shares purchased by the Company or its
assignee(s) under this Section 14 (the “Purchase Price”) shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration shall be determined by the Board in good faith. 
 (d)    Payment. Payment of the
Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the
assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times set forth in the Notice. 

  
 -8- 

 (e)    Holder’s Right to Transfer. If all of
the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section 14, then the Holder may sell or otherwise transfer such Shares to that
Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within one hundred and twenty (120) days after the date of the Notice, that any such sale or other transfer is
effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions of this Section 14 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares
described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by
the Holder may be sold or otherwise transferred. 
 (f)    Exception for Certain Family
Transfers. Anything to the contrary contained in this Section 14 notwithstanding, the transfer of any or all of the Shares during Participant’s lifetime or on Participant’s death by will or intestacy to Participant’s
immediate family or a trust for the benefit of Participant’s immediate family shall be exempt from the provisions of this Section 14. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father,
mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Award Agreement (including, but not limited to, this Section 14), and there shall be
no further transfer of such Shares except in accordance with the terms of this Section 14. 

(g)    Termination of Right of First Refusal. The Right of First Refusal shall terminate as to any
Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation or any direct or indirect parent entity thereof has equity securities that
are publicly traded. 
 15.    Restrictive Legends and Stop-Transfer Orders. 

(a)    Legends. Participant understands and agrees that the Company shall cause the legends set
forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares acquired pursuant to this Award of Restricted Stock Units together with any other legends that may be required by the
Company or by state or federal securities laws: 
 THE TRANSFER OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS SUBJECT
TO TRANSFER RESTRICTIONS REQUIRING APPROVAL OF THE BOARD OF DIRECTORS PURSUANT TO AND IN ACCORDANCE WITH THE BYLAWS OF THE COMPANY, AS AMENDED FROM TIME TO TIME (THE “BYLAWS”), COPIES OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE
COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS. 

  
 -9- 

 WITH RESPECT TO THE SHARES REPRESENTED BY THIS CERTIFICATE, TRANSFER
SHALL MEAN ANY TRANSFER OR REGISTRATION OF TRANSFER WITHIN THE MEANING OF DELAWARE LAW AND SECTION 202 OF THE DELAWARE GENERAL CORPORATION LAW, INCLUDING BUT NOT LIMITED TO ANY SALE, ASSIGNMENT, CONVEYANCE, HYPOTHECATION, ENCUMBRANCE, PLEDGE,
GIFT, GRANT OF A SECURITY INTEREST OR LIEN, TRANSFER BY BEQUEST, DEVISE OR DESCENT, ANY SHORT SALE, GRANT OF ANY OPTION, ANY HEDGING OR SIMILAR TRANSACTION WITH THE SAME ECONOMIC EFFECT AS A SALE OR TRANSFER, OR OTHER TRANSFER OR DISPOSITION OF ANY
KIND OF A SHARE OR ANY LEGAL, ECONOMIC OR BENEFICIAL INTEREST IN SUCH SHARE, WHETHER OR NOT FOR VALUE AND WHETHER VOLUNTARY OR INVOLUNTARY OR BY OPERATION OF LAW, OR ANY RIGHT OR INTEREST THEREIN, OR ANY AGREEMENT TO DO ANY OF THE
FOREGOING. WITH RESPECT TO THE SHARES REPRESENTED BY THIS CERTIFICATE, TRANSFER SHALL ALSO INCLUDE, WITHOUT LIMITATION, ANY (1) TRANSFER OF A SHARE TO A BROKER OR OTHER NOMINEE (REGARDLESS OF WHETHER OR NOT THERE IS A CORRESPONDING CHANGE
IN BENEFICIAL OWNERSHIP); (2) TRANSFER TO A RECEIVER, LEVYING CREDITOR, TRUSTEE OR RECEIVER IN BANKRUPTCY PROCEEDINGS OR GENERAL ASSIGNEE FOR THE BENEFIT OF CREDITORS, WHETHER VOLUNTARY OR BY OPERATION OF LAW, DIRECTLY OR INDIRECTLY; OR
(3) TRANSFER OF, OR ENTERING INTO A BINDING AGREEMENT WITH RESPECT TO, THE POWER (WHETHER EXCLUSIVE OR SHARED) TO VOTE OR DIRECT THE VOTING OF SUCH SHARE BY PROXY OR OTHERWISE. 

THE COMPANY SHALL NOT REGISTER OR OTHERWISE RECOGNIZE OR GIVE EFFECT TO ANY PURPORTED TRANSFER OF SHARES OF STOCK THAT DOES
NOT COMPLY WITH THESE RESTRICTIONS AND THE BYLAWS OF THE COMPANY. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE RESTRICTED STOCK UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY
BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES. 

  
 -10- 

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON
TRANSFER FOR A PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE
DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER. 

(b)    Stop-Transfer Notices. Participant agrees that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect
in its own records. 
 (c)    Refusal to Transfer. The Company shall not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Award Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Shares shall have been so transferred. 

16.    Arbitration and Equitable Relief.

(a)    Arbitration. IN CONSIDERATION OF PARTICIPANT RECEIVING THIS AWARD AND PARTICIPANT’S
EMPLOYMENT WITH THE COMPANY, THE COMPANY’S PROMISE TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES (INCLUDING, BUT NOT LIMITED TO, DISPUTES RELATING TO THIS AWARD) WITH PARTICIPANT, AND PARTICIPANT’S RECEIPT OF OTHER COMPENSATION
AND OTHER COMPANY BENEFITS, AT PRESENT AND IN THE FUTURE, PARTICIPANT AGREES THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES THAT PARTICIPANT MAY HAVE WITH THE COMPANY (INCLUDING ANY COMPANY EMPLOYEE, OFFICER, DIRECTOR, TRUSTEE, OR BENEFIT PLAN
OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), ARISING OUT OF, RELATING TO, OR RESULTING FROM THIS AWARD OR PARTICIPANT’S EMPLOYMENT OR RELATIONSHIP WITH THE COMPANY OR THE TERMINATION OF PARTICIPANT’S EMPLOYMENT OR RELATIONSHIP
WITH THE COMPANY, INCLUDING ANY BREACH OF THIS AWARD AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE FEDERAL ARBITRATION ACT (THE “FAA”). THE FAA’S SUBSTANTIVE AND PROCEDURAL RULES SHALL GOVERN AND APPLY TO THIS
ARBITRATION AGREEMENT WITH FULL FORCE AND EFFECT, AND ANY STATE COURT OF COMPETENT JURISDICTION MAY STAY PROCEEDINGS PENDING ARBITRATION OR COMPEL ARBITRATION IN THE SAME MANNER AS A FEDERAL COURT UNDER THE FAA. PARTICIPANT FURTHER AGREES THAT,
TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICIPANT MAY BRING ANY SUCH ARBITRATION PROCEEDING ONLY IN PARTICIPANTS’ INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF, REPRESENTATIVE OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE OR REPRESENTATIVE
LAWSUIT OR 

  
 -11- 

 PROCEEDING. PARTICIPANT UNDERSTANDS, HOWEVER, THAT NOTHING IN THIS AGREEMENT PREVENTS
PARTICIPANT FROM BRINGING A REPRESENTATIVE LAWSUIT OR PROCEEDING AS PERMITTED BY THE CALIFORNIA LABOR CODE’S PRIVATE ATTORNEYS GENERAL ACT OF 2004. TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICPANT AGREES TO ARBITRATE ANY AND ALL
COMMON LAW AND/OR STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF
1967, THE OLDER WORKERS BENEFIT PROTECTION ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE FAIR LABOR STANDARDS ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, THE CALIFORNIA FAMILY RIGHTS ACT,
THE CALIFORNIA LABOR CODE, CLAIMS RELATING TO EMPLOYMENT STATUS, COMPENSATION (CASH, EQUITY, BONUS, OR OTHERWISE), CLASSIFICATION AND RELATIONSHIP WITH THE COMPANY, AND CLAIMS OF HARASSMENT, DISCRIMINATION, WRONGFUL TERMINATION, AND BREACH OF
CONTRACT. TO THE FULLEST EXTENT PERMITTED BY LAW, PARTICIPANT ALSO AGREES TO ARBITRATE ANY AND ALL DISPUTES ARISING OUT OF OR RELATING TO THE INTERPRETATION OR APPLICATION OF THIS AGREEMENT TO ARBITRATE, BUT NOT DISPUTES ABOUT THE ENFORCEABILITY,
REVOCABILITY OR VALIDITY OF THIS AGREEMENT TO ARBITRATE OR THE CLASS, COLLECTIVE AND REPRESENTATIVE PROCEEDING WAIVER HEREIN. WITH RESPECT TO ALL SUCH CLAIMS AND DISPUTES THAT PARTICIPANT AGREES TO ARBITRATE, PARTICIPANT HEREBY EXPRESSLY AGREES TO
WAIVE, AND DOES WAIVE, ANY RIGHT TO A TRIAL BY JURY. PARTICIPANT FURTHER UNDERSTANDS THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH PARTICIPANT. PARTICIPANT UNDERSTANDS THAT NOTHING IN THIS
AGREEMENT REQUIRES PARTICIPANT TO ARBITRATE CLAIMS THAT CANNOT BE ARBITRATED UNDER APPLICABLE LAW, SUCH AS CLAIMS UNDER THE SARBANES-OXLEY ACT. FOR PURPOSES OF THIS SECTION 16 ONLY, REFERENCES TO “COMPANY” SHALL MEAN LYFT, INC. (OR IT
SUCCESSOR) AND ANY PARENT OR SUBSIDIARY OF LYFT, INC. (OR ITS SUCCESSOR). 
 (b)    Procedure.
PARTICIPANT AGREES THAT ANY ARBITRATION WILL BE ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & MEDIATION PROCEDURES (THE “AAA RULES”), WHICH ARE AVAILABLE AT
https://www.adr.org/sites/default/files/document_repository/EmploymentRules_Web.pdf. IF THE AAA RULES CANNOT BE ENFORCED AS TO THE ARBITRATION, THEN THE PARTIES AGREE THAT THEY WILL ARBITRATE THIS DISPUTE UNDER THE CALIFORNIA ARBITRATION
ACT (CALIFORNIA CODE CIV. PROC. § 1280 ET. SEQ (THE “CAA”)). PARTICIPANT AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO DECIDE ANY MOTIONS BROUGHT BY ANY PARTY TO THE ARBITRATION, INCLUDING MOTIONS FOR SUMMARY JUDGMENT AND/OR
ADJUDICATION, AND MOTIONS TO DISMISS AND DEMURRERS, APPLYING THE 

  
 -12- 

 STANDARDS SET FORTH UNDER THE CALIFORNIA CODE OF CIVIL PROCEDURE. PARTICIPANT AGREES THAT
THE ARBITRATOR SHALL ISSUE A WRITTEN DECISION ON THE MERITS. PARTICIPANT ALSO AGREES THAT THE ARBITRATOR SHALL HAVE THE POWER TO AWARD ANY REMEDIES AVAILABLE UNDER APPLICABLE LAW, AND THAT THE ARBITRATOR MAY AWARD ATTORNEYS’ FEES AND COSTS TO
THE PREVAILING PARTY, WHERE PERMITTED BY APPLICABLE LAW. PARTICIPANT AGREES THAT THE DECREE OR AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED AS A FINAL AND BINDING JUDGMENT IN ANY COURT HAVING JURISDICTION THEREOF. PARTICIPANT UNDERSTANDS THAT THE
COMPANY WILL PAY FOR ANY ADMINISTRATIVE OR HEARING FEES CHARGED BY THE ARBITRATOR OR AAA EXCEPT THAT PARTICIPANT SHALL PAY ANY FILING FEES ASSOCIATED WITH ANY ARBITRATION THAT PARTICIPANT INITIATES, BUT ONLY SO MUCH OF THE FILING FEES AS PARTICIPANT
WOULD HAVE INSTEAD PAID HAD PARTICIPANT FILED A COMPLAINT IN A COURT OF LAW. PARTICIPANT AGREES THAT THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH CALIFORNIA LAW, INCLUDING THE CALIFORNIA CODE OF CIVIL PROCEDURE AND
THE CALIFORNIA EVIDENCE CODE, AND THAT THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL CALIFORNIA LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO RULES OF
CONFLICT-OF-LAW. PARTICIPANT AGREES THAT ANY ARBITRATION UNDER THIS AGREEMENT SHALL BE CONDUCTED IN SAN FRANCISCO COUNTY, CALIFORNIA. 

(c)    Remedy. EXCEPT FOR THE PURSUIT OF ANY PROVISIONAL REMEDY PERMITTED BY THE CAA OR OTHERWISE
PROVIDED BY THIS AGREEMENT, PARTICIPANT AGREES THAT ARBITRATION SHALL BE THE SOLE, EXCLUSIVE, AND FINAL REMEDY FOR ANY DISPUTE BETWEEN PARTICIPANT AND THE COMPANY. 

(d)    Administrative Relief. PARTICIPANT UNDERSTANDS THAT THIS AGREEMENT DOES NOT PROHIBIT
PARTICIPANT FROM PURSUING AN ADMINISTRATIVE CLAIM WITH A LOCAL, STATE, OR FEDERAL ADMINISTRATIVE BODY OR GOVERNMENT AGENCY THAT IS AUTHORIZED TO ENFORCE OR ADMINISTER LAWS RELATED TO EMPLOYMENT, INCLUDING, BUT NOT LIMITED TO, THE DEPARTMENT OF FAIR
EMPLOYMENT AND HOUSING, THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, THE NATIONAL LABOR RELATIONS BOARD, THE SECURITIES AND EXCHANGE COMMISSION, OR THE WORKERS’ COMPENSATION BOARD. THIS AGREEMENT DOES, HOWEVER, PRECLUDE PARTICIPANT FROM
PURSUING A COURT ACTION REGARDING ANY SUCH CLAIM, EXCEPT AS PERMITTED BY LAW. 
 (e)    Voluntary
Nature of Agreement. PARTICIPANT ACKNOWLEDGES AND AGREES THAT PARTICIPANT IS EXECUTING THIS AGREEMENT VOLUNTARILY AND WITHOUT ANY DURESS OR UNDUE INFLUENCE BY THE COMPANY OR ANYONE ELSE. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT
PARTICIPANT HAS CAREFULLY READ THIS AGREEMENT AND THAT PARTICIPANT HAS ASKED ANY QUESTIONS NEEDED FOR PARTICIPANT TO 

  
 -13- 

 UNDERSTAND THE TERMS, CONSEQUENCES, AND BINDING EFFECT OF THIS AGREEMENT AND FULLY
UNDERSTAND IT, INCLUDING THAT PARTICIPANT IS WAIVING PARTICIPANT’S RIGHT TO A JURY TRIAL. FINALLY, PARTICIPANT AGREES THAT PARTICIPANT HAS BEEN PROVIDED AN OPPORTUNITY TO SEEK THE ADVICE OF AN ATTORNEY OF PARTICIPANT’S CHOICE
BEFORE SIGNING THIS AGREEMENT. 
 17.    Address for Notices. Any notice to be given to the
Company under the terms of this Award Agreement will be addressed to Lyft, Inc., 185 Berry St #5000, San Francisco, CA 94107, or at such other address as the Company may hereafter designate in writing. 

18.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any
documents related to the restricted stock units awarded under the Plan or future restricted stock units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means.
Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another
third party designated by the Company. 
 19.    No Waiver. Either party’s failure to
enforce any provision or provisions of this Award Agreement shall not in any way be construed as a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of this Award Agreement.
The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 

20.    Successors and Assigns. The Company may assign any of its rights under this Award Agreement
to single or multiple assignees, and this Award Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Award Agreement shall be binding upon Participant and
his or her heirs, executors, administrators, successors and assigns. The rights and obligations of Participant under this Award Agreement may only be assigned with the prior written consent of the Company. 

21.    Additional Conditions to Issuance of Stock. If at any time the Company will determine, in
its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a
condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not
acceptable to the Company. Where the Company determines that the delivery of Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates
that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such
governmental authority. 

  
 -14- 

 22.    Interpretation. Any dispute regarding the
interpretation of this Award Agreement shall be submitted by Participant or by the Company forthwith to the Administrator, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be
final and binding on all parties. 
 23.    Governing Law; Severability. This Award Agreement is
governed by the internal substantive laws, but not the choice of law rules, of California, except that the FAA shall govern the arbitration requirements set forth in Section 16. In the event that any provision hereof becomes or is declared by a
court of competent jurisdiction to be illegal, unenforceable or void, this Award Agreement shall continue in full force and effect. 

24.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award
Agreement (including the exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with
respect to the subject matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

[Signature page follows.] 

  
 -15- 

 Participant acknowledges receipt of a copy of the Plan, represents that he
or she is familiar with the terms and provisions thereof, and hereby accepts this Award Agreement subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Award Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Award Agreement, and fully understands all provisions of this Award Agreement. Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations
of the Administrator upon any questions arising under the Plan or this Award Agreement. Participant further agrees to notify the Company upon any change in the residence address indicated below. 

 

					
	 PARTICIPANT
	 	
                       
 
	  	 LYFT, INC.

			
	  
	 		  	 /s/ Kristin Sverchek

	 Signature
	 		  	 By: Kristin Sverchek

			
	 «Name»
	 		  	 General Counsel

	 Print Name
	 		  	 Title

			
	Residence Address:	 		  	
			
	  
	 		  	
			
	  
	 		  	

  
 -16 - 

 EXHIBIT A 

INVESTMENT REPRESENTATION STATEMENT 
  

					
	 PARTICIPANT
	  	 :
	  	 «Name»

			
	 COMPANY
	  	 :
	  	 LYFT, INC.

			
	 SECURITY
	  	 :
	  	 COMMON STOCK

			
	 AMOUNT
	  	 :
	  	
			
	 DATE
	  	 :
	  	

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

(b)    Participant acknowledges and understands that the Securities constitute “restricted
securities” under the Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment
intent as expressed herein. In this connection, Participant understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Participant’s representation was predicated solely
upon a present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any
other fixed period in the future. Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Participant further
acknowledges and understands that the Company is under no obligation to register the Securities. Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable state securities
laws. 
 (c)    Participant is familiar with the provisions of Rule 701 and Rule 144, each
promulgated under the Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering
subject to the satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701 at the time of the grant of the restricted stock units to Participant, the exercise shall be exempt from registration under
the Securities Act. In the event the Company 

  
 -17- 

 becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, ninety (90) days thereafter (or such longer period as any market stand-off agreement may require) the Securities exempt under Rule 701 may be resold, subject to the satisfaction
of the applicable conditions specified by Rule 144, including in the case of affiliates (1) the availability of certain public information about the Company, (2) the amount of Securities being sold during any three (3) month
period not exceeding specified limitations, (3) the resale being made in an unsolicited “broker’s transaction”, transactions directly with a “market maker” or “riskless principal transactions” (as those terms
are defined under the Securities Exchange Act of 1934) and (4) the timely filing of a Form 144, if applicable. 

In the event that the Company does not qualify under Rule 701 at the time of grant of the restricted stock units, then
the Securities may be resold in certain limited circumstances subject to the provisions of Rule 144, which may require (i) the availability of current public information about the Company; (ii) the resale to occur more than a
specified period after the purchase and full payment (within the meaning of Rule 144) for the Securities; and (iii) in the case of the sale of Securities by an affiliate, the satisfaction of the conditions set forth in sections (2),
(3) and (4) of the paragraph immediately above. 
 (d)    Participant further understands that in
the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption shall be required; and that, notwithstanding the fact
that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant
to Rules 144 or 701 shall have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do
so at their own risk. Participant understands that no assurances can be given that any such other registration exemption shall be available in such event. 
  

	
	 PARTICIPANT

	
	  

	 Signature

	
	  

	 Print Name

	
	  

	 Date

  
 -18-

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