Document:

EX-10.6

 Exhibit 10.6 

SANTA MARIA BIOTHERAPEUTICS, INC. 

2012 EQUITY INCENTIVE PLAN 

EFFECTIVE AS OF NOVEMBER 26, 2012 

 SANTA MARIA BIOTHERAPEUTICS, INC. 

2012 EQUITY INCENTIVE PLAN 

EFFECTIVE AS OF NOVEMBER 26, 2012 

SECTION 1. INTRODUCTION. 
 The
Company’s Board of Directors adopted the Santa Maria Biotherapeutics, Inc. 2012 Equity Incentive Plan effective as of the Adoption Date subject to obtaining Company stockholder approval as provided in Section 15 below. Awards granted under
the Plan prior to the Stockholder Approval Date may not be exercised or Shares released to any Participant until such stockholder approval is obtained. 

The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by offering Key Employees an
opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, and to encourage such Key Employees to continue to provide services to the Company and to attract new individuals with outstanding
qualifications. 
 The Plan seeks to achieve this purpose by providing for Awards in the form of Options (which may constitute Incentive
Stock Options or Nonstatutory Stock Options), Stock Appreciation Rights, Restricted Stock Grants and/or Stock Units. 
 Capitalized terms
shall have the meaning provided in Section 2 unless otherwise provided in this Plan or any related Stock Option Agreement, SAR Agreement, Restricted Stock Grant Agreement or Stock Unit Agreement. 

SECTION 2. DEFINITIONS. If a Participant’s employment agreement or Award Agreement (or other written agreement executed by and between Participant
and the Company) expressly includes defined terms that expressly are different from and/or conflict with the defined terms contained in this Plan then the defined terms contained in the employment agreement or Award Agreement (or other written
agreement executed by and between Participant and the Company) shall govern and shall supersede the definitions provided in this Plan. 
 (a)
“Adoption Date” means November 26, 2012. 
 (b) “Affiliate” means any entity other than a Subsidiary,
if the Company and/or one or more Subsidiaries own not less than 50% of such entity. 
 (c) “Award” means any award of an
Option, SAR, Restricted Stock Grant or Stock Unit under the Plan. 
 (d) “Board” means the Board of Directors of the
Company, as constituted from time to time. 

  
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 (e) “California Participant” means a Participant whose Award was issued in
reliance on Section 25102(o) of the California Corporations Code. 
 (f) “Call Equivalent Position” means the term
“call equivalent position” as defined under Rule 16a-1(b) of the Exchange Act. 
 (g) “Cashless Exercise” means,
to the extent that a Stock Option Agreement so provides and as permitted by applicable law and in accordance with any procedures established by the Committee, an arrangement whereby payment of some or all of the aggregate Exercise Price may be made
all or in part by delivery of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company. Cashless Exercise may also be utilized to satisfy an Option’s tax withholding
obligations as provided in Section 14(b). 
 (h) “Cause” means, with respect to a Participant, the occurrence of any of
the following: (i) a conviction of a Participant for a felony crime or the failure of a Participant to contest prosecution for a felony crime, or (ii) a Participant’s misconduct, fraud, disloyalty or dishonesty (as such terms may be
defined by the Committee in its sole discretion), or (iii) any unauthorized use or disclosure of confidential information or trade secrets by a Participant, or (iv) a Participant’s negligence, malfeasance, breach of fiduciary duties,
neglect of duties, or (v) any material violation by a Participant of a written Company or Subsidiary or Affiliate policy or any material breach by a Participant of a written agreement with the Company or Subsidiary or Affiliate, or
(vi) any other act or omission by a Participant that, in the opinion of the Committee, could reasonably be expected to adversely affect the Company’s or a Subsidiary’s or an Affiliate’s business, financial condition, prospects
and/or reputation. In each of the foregoing subclauses (i) through (vi), whether or not a “Cause” event has occurred will be determined by the Committee in its sole discretion or, in the case of Participants who are directors or
Officers or Section 16 Persons, the Board, each of whose determination shall be final, conclusive and binding. A Participant’s Service shall be deemed to have terminated for Cause if, after the Participant’s Service has terminated,
facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, violation of material Company policies or breach of noncompetition, confidentiality or other restrictive covenants that may
apply to the Participant. 
 (i) “Change in Control” means the occurrence of any of the following: 

(i) the merger, consolidation, recapitalization, or reorganization of Company, other than a merger, consolidation,
recapitalization or reorganization which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity) more than fifty percent (50%) of the total voting power represented by the voting securities of Company or such surviving entity outstanding immediately after such merger, consolidation, recapitalization or reorganization; 

  
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 (ii) the sale or disposition by Company’s stockholders of more than fifty
percent (50%) of the total voting securities of Company; 
 (iii) a complete liquidation or dissolution of the Company;

 (iv) the sale or disposition by Company of all or substantially all of its assets; or 

(v) the exclusive licensing to a third party of all or substantially all of Company’s intellectual property. 

Notwithstanding the foregoing, the following transactions shall not constitute a Change in Control: (i) a transaction the
sole purpose of which is to change the state of the Company’s incorporation or 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; (ii) a transaction or series of related transactions involving the sale of securities by the Company primarily for financing purposes; (iii) a merger or consolidation involving only the Company and one or more companies under
common management control with the Company; or (iv) an IPO. If the timing of payments provided under an Award agreement is based on or triggered by a Change in Control then, to extent necessary to avoid violating Code Section 409A, a
Change in Control must also constitute a “change in control event” (as defined under Code Section 409A regulations and applicable guidance). 

(j) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and interpretations promulgated
thereunder. 
 (k) “Committee” means a committee consisting of members of the Board that is appointed by the Board (as
described in Section 3) to administer the Plan. If no Committee has been appointed, the full Board shall constitute the Committee. 

(l) “Common Stock” means the Company’s common stock, par value $0.0001 per Share, and any other securities into which
such shares are changed, for which such shares are exchanged or which may be issued in respect thereof. 
 (m) “Company”
means Santa Maria Biotherapeutics, Inc., a Delaware corporation. 
 (n) “Consultant” means an individual (or entity) which
performs bona fide services to the Company, a Parent, a Subsidiary or an Affiliate other than as an Employee or Non-Employee Director. 
 (o)
“Disability” means that the Participant is classified as disabled under a long-term disability policy of the Company or, if no such policy applies, the Participant is unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. The Disability of a Key Employee shall be determined
solely by the Committee on the basis of such medical evidence as the Committee deems warranted under the circumstances. 

  
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 (p) “Employee” means any individual who is a common-law employee of the Company,
or of a Parent, or of a Subsidiary or of an Affiliate. 
 (q) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 (r) “Exercise Price” means, in the case of an Option, the amount for which a Share may be purchased upon
exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of a SAR, means an amount, as specified in the applicable SAR Agreement, which is subtracted from the Fair Market Value in
determining the amount payable to a Participant upon exercise of such SAR. 
 (s) “Fair Market Value” means the market price
of a Share, determined by the Committee as follows: 
 (i) If the Shares were traded on a stock exchange (such as the New
York Stock Exchange, NYSE Amex, the NASDAQ Global Market or NASDAQ Capital Market) at the time of determination, then the Fair Market Value shall be equal to the regular session closing price for such stock as reported by such exchange (or the
exchange or market with the greatest volume of trading in the Shares) on the date of determination, or if there were no sales on such date, on the last date preceding such date on which a closing price was reported; 

(ii) If the Shares were traded on the OTC Bulletin Board at the time of determination, then the Fair Market Value shall be
equal to the last-sale price reported by the OTC Bulletin Board for such date, or if there were no sales on such date, on the last date preceding such date on which a sale was reported; and 

(iii) If neither of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in
good faith using a reasonable application of a reasonable valuation method as the Committee deems appropriate. 
 Whenever possible, the
determination of Fair Market Value by the Committee shall be based on the prices reported by the applicable exchange or the OTC Bulletin Board, as applicable, or a nationally recognized publisher of stock prices or quotations (including an
electronic on-line publication). Such determination shall be conclusive and binding on all persons. 
 (t) “Incentive Stock
Option” or “ISO” means an incentive stock option described in Code section 422. 
 (u) “IPO” means
an initial public offering by the Company of its equity securities pursuant to an effective registration statement filed with the SEC. 
 (v)
“Key Employee” means an Employee, Non-Employee Director or Consultant who has been selected by the Committee to receive an Award under the Plan. 

  
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 (w) “Net Exercise” means, to the extent that a Stock Option Agreement so
provides and as permitted by applicable law, an arrangement pursuant to which the number of Shares issued to the Optionee in connection with the Optionee’s exercise of the Option will be reduced by the Company’s retention of a portion of
such Shares. Upon such a net exercise of an Option, the Optionee will receive a net number of Shares that is equal to (i) the number of Shares as to which the Option is being exercised minus (ii) the quotient (rounded down to the nearest
whole number) of the aggregate Exercise Price of the Shares being exercised divided by the Fair Market Value of a Share on the Option exercise date. The number of Shares covered by clause (ii) will be retained by the Company and not delivered
to the Optionee. No fractional Shares will be created as a result of a Net Exercise and the Optionee must contemporaneously pay for any portion of the aggregate Exercise Price that is not covered by the Shares retained by the Company under clause
(ii). The number of Shares delivered to the Optionee may be further reduced if Net Exercise is utilized under Section 14(b) to satisfy applicable tax withholding obligations. 

(x) “Non-Employee Director” means a member of the Board who is not an Employee. 

(y) “Nonstatutory Stock Option” or “NSO” means a stock option that is not an ISO. 

(z) “Officer” means an individual who is an officer of the Company within the meaning of Rule 16a-1(f) of the Exchange Act.

 (aa) “Option” means an ISO or NSO granted under the Plan entitling the Optionee to purchase Shares under the Plan as
provided in Section 6. 
 (bb) “Optionee” means an individual, estate or other entity that holds an Option. 

(cc) “Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if
each of the corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status
of a Parent on a date after the Adoption Date shall be considered a Parent commencing as of such date. 
 (dd) “Participant”
means an individual or estate or other entity that holds an Award. 
 (ee) “Plan” means this Santa Maria Biotherapeutics,
Inc. 2012 Equity Incentive Plan as it may be amended from time to time. 
 (ff) “Put Equivalent Position” means the term
“put equivalent position” as defined under Rule 16a-1(h) of the Exchange Act. 
 (gg) “Re-Price” means that the
Company has lowered or reduced the Exercise Price of outstanding Options and/or outstanding SARs for any Participant(s) in a manner described by SEC Regulation S-K Item 402(d)(2)(viii) (or as described in any successor provision(s) or
definition(s)). 

  
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 (hh) “Restricted Stock Grant” means Shares awarded under the Plan as provided in
Section 9. 
 (ii) “Restricted Stock Grant Agreement” means the agreement described in Section 9 evidencing each
Award of a Restricted Stock Grant. 
 (jj) “SAR Agreement” means the agreement described in Section 8 evidencing each
Award of a Stock Appreciation Right. 
 (kk) “SEC” means the Securities and Exchange Commission. 

(ll) “Section 16 Persons” means those Officers or directors or Non-Employee Directors or other persons who are subject to
Section 16 of the Exchange Act. 
 (mm) “Section 280G Approval” means the separate approval by stockholders owning more
than 75% of the voting power of all outstanding stock of the Company entitled to vote immediately before a Change in Control which approval shall be obtained in compliance with the requirements of Code Section 280G(b)(5)(B), as amended,
including any successor thereof, and the regulations promulgated thereunder, as determined by the Committee in its sole discretion. 
 (nn)
“Securities Act” means the Securities Act of 1933, as amended. 
 (oo) “Separation From Service” means a
Participant’s separation from service with the Company within the meaning of Code Section 409A. 
 (pp) “Service”
means service as an Employee, Non-Employee Director or Consultant. Service will be deemed terminated as soon as the entity to which Service is being provided is no longer either (i) the Company, (ii) a Parent, (iii) a Subsidiary or
(iv) an Affiliate. The Committee determines when Service commences and when Service terminates. The Committee may determine whether any Company transaction, such as a sale or spin-off of a division or subsidiary that employs a Participant,
shall be deemed to result in termination of Service for purposes of any affected Awards, and the Committee’s decision shall be final, conclusive and binding. 

(qq) “Share” means one share of Common Stock. 

(rr) “Stock Appreciation Right or SAR” means a stock appreciation right awarded under the Plan as provided in Section 8.

 (ss) “Stock Option Agreement” means the agreement described in Section 6 evidencing each Award of an Option. 

(tt) “Stock Unit” means a bookkeeping entry representing the equivalent of one Share awarded under the Plan as provided in
Section 10. 
 (uu) “Stock Unit Agreement” means the agreement described in Section 10 evidencing each Award of
Stock Units. 

  
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 (vv) “Stockholder Approval Date” means the date that the Company’s
stockholders approve this Plan. 
 (ww) “Stockholders Agreement” means any applicable agreement between the Company’s
stockholders and/or investors that provides certain rights and obligations for stockholders. 
 (xx) “Subsidiary” means any
corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the Adoption Date shall be considered a Subsidiary commencing as of such date.

 (yy) “Termination Date” means the date on which a Participant’s Service terminates as determined by the Committee.

 (zz) “10-Percent Shareholder” means an individual who owns more than ten percent (10%) of the total combined voting
power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of section 424(d) of the Code shall be applied. 

SECTION 3. ADMINISTRATION. 
 (a)
Committee Composition. A Committee appointed by the Board shall administer the Plan. The Board shall designate one of the members of the Committee as chairperson. Members of the Committee shall serve for such period of time as the Board may
determine and shall be subject to removal by the Board at any time. The Board may also at any time terminate the functions of the Committee and reassume all powers and authority previously delegated to the Committee. 

Effective with the Shares being publicly traded or the Company being subject to the reporting requirements of the Exchange Act, with respect to
Awards to Section 16 Persons, the Committee shall consist either (i) solely of two or more individuals who satisfy the requirements of Rule 16b-3 (or its successor) under the Exchange Act or (ii) of the full Board. The Board may also
appoint one or more separate committees of the Board, each composed of directors of the Company who need not qualify under Rule 16b-3, who may administer the Plan with respect to Key Employees who are not Section 16 Persons, may grant Awards
under the Plan to such Key Employees and may determine all terms of such Awards. To the extent permitted by applicable law, the Board may also appoint a committee, composed of one or more officers of the Company, that may authorize Awards to
Employees (who are not Section 16 Persons) within parameters specified by the Board and consistent with any limitations imposed by applicable law. 

  
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 (b) Authority of the Committee. Subject to the provisions of the Plan, the Committee shall
have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. Such actions shall include without limitation: 

(i) selecting Key Employees who are to receive Awards under the Plan; 

(ii) determining the type, number, vesting requirements, performance conditions (if any) and their degree of satisfaction, and other features
and conditions of such Awards and amending such Awards; 
 (iii) correcting any defect, supplying any omission, or reconciling or clarifying
any inconsistency in the Plan or any Award agreement; 
 (iv) accelerating the vesting, or extending the post-termination exercise term, or
waiving restrictions, of Awards at any time and under such terms and conditions as it deems appropriate; 
 (v) Re-Pricing outstanding
Options or SARs, without the approval of Company stockholders; 
 (vi) interpreting the Plan and any Award agreements; 

(vii) making all other decisions relating to the operation of the Plan; and 

(viii) granting Awards to Key Employees who are foreign nationals on such terms and conditions different from those specified in the Plan,
which may be necessary or desirable to foster and promote achievement of the purposes of the Plan, and adopting such modifications, procedures, and/or subplans (with any such subplans attached as appendices to the Plan) and the like as may be
necessary or desirable to comply with provisions of the laws or regulations of other countries or jurisdictions to ensure the viability of the benefits from Awards granted to Participants employed in such countries or jurisdictions, or to meet the
requirements that permit the Plan to operate in a qualified or tax efficient manner, and/or comply with applicable foreign laws or regulations. 

The Committee may adopt such rules or guidelines, as it deems appropriate to implement the Plan. The Committee’s determinations under the
Plan shall be final, conclusive and binding on all persons. The Committee’s decisions and determinations need not be uniform and may be made selectively among Participants in the Committee’s sole discretion. The Committee’s decisions
and determinations will be afforded the maximum deference provided by applicable law. 
 (c) Indemnification. To the maximum extent
permitted by applicable law, each member of the Committee, or of the Board, or any persons (including without limitation Employees and Officers) who are delegated by the Board or Committee to perform administrative functions in connection with the
Plan, shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that 

  
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may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be
involved by reason of any action taken or failure to act under the Plan or any Award agreement, and (ii) from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction
of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his
or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter
of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 SECTION 4. GENERAL. 

(a) Eligibility. Only Employees, Non-Employee Directors and Consultants shall be eligible for designation as Key Employees by the
Committee. 
 (b) Incentive Stock Options. Only Key Employees who are common-law employees of the Company, a Parent or a Subsidiary
shall be eligible for the grant of ISOs. In addition, a Key Employee who is a 10-Percent Shareholder shall not be eligible for the grant of an ISO unless the requirements set forth in section 422(c)(5) of the Code are satisfied. If and to the extent
that any Shares are issued under a portion of any Option that exceeds the $100,000 limitation of Section 422 of the Code, such Shares shall not be treated as issued under an ISO notwithstanding any designation otherwise. Certain decisions,
amendments, interpretations and actions by the Committee and certain actions by a Participant may cause an Option to cease to qualify as an ISO pursuant to the Code and by accepting an Option the Participant agrees in advance to such disqualifying
action taken by either the Participant, the Committee or the Company. 
 (c) Restrictions on Shares. Any Shares issued pursuant to an
Award shall be subject to such Company policies, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall apply in addition to any restrictions that may apply to holders of
Shares generally and shall also comply to the extent necessary with applicable law. In no event shall the Company be required to issue fractional Shares under this Plan. 

(d) Beneficiaries. A Participant may designate one or more beneficiaries with respect to an Award by timely filing the prescribed form
with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no beneficiary was designated or if no designated beneficiary survives the Participant,
then after a Participant’s death any vested Award(s) shall be transferred or distributed to the Participant’s estate. 
 (e)
Performance Conditions. The Committee may, in its discretion, include performance conditions in any Award. 

  
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 (f) Stockholder Rights. A Participant, or a transferee of a Participant, shall have no
rights as a stockholder (including without limitation voting rights or dividend or distribution rights) with respect to any Common Stock covered by an Award until such person becomes entitled to receive such Common Stock, has satisfied any
applicable withholding or tax obligations relating to the Award and the Common Stock has been issued to the Participant. No adjustment shall be made for cash or stock dividends or other rights for which the record date is prior to the date when such
Common Stock is issued, except as expressly provided in Section 11. The issuance of an Award may be subject to and conditioned upon the Participant’s agreement to become a party to a Stockholders Agreement and be bound by its terms. 

(g) Buyout of Awards. The Committee may at any time offer to buy out, for a payment in cash or cash equivalents (including without
limitation Shares issued at Fair Market Value that may or may not be issued under this Plan), an Award previously granted based upon such terms and conditions as the Committee shall establish. 

(h) Termination of Service. Unless the applicable Award agreement or employment agreement provides otherwise (and in such case, the
Award or employment agreement shall govern as to the consequences of a termination of Service for such Awards subject to Section 4(i)), the following rules shall govern the vesting, exercisability and term of outstanding Awards held by a
Participant in the event of termination of such Participant’s Service (in all cases subject to the term of the Option or SAR as applicable): 

(i) if the Service of a Participant is terminated for Cause, then all Options, SARs, unvested portions of Stock Units and unvested portions of
Restricted Stock Grants shall terminate and be forfeited immediately without consideration as of the Termination Date (except for repayment of any amounts the Participant had paid to the Company to acquire unvested Shares underlying the forfeited
Awards); 
 (ii) if the Service of Participant is terminated due to the Participant’s death or Disability, then the vested portion of
his/her then-outstanding Options/SARs may be exercised by such Participant or his or her personal representative within six months after the Termination Date and all unvested portions of any outstanding Awards shall be forfeited without
consideration as of the Termination Date (except for repayment of any amounts the Participant had paid to the Company to acquire unvested Shares underlying the forfeited Awards); and 

(iii) if the Service of Participant is terminated for any reason other than for Cause or other than due to death or Disability, then the vested
portion of his/her then-outstanding Options/SARs may be exercised by such Participant within three months after the Termination Date and all unvested portions of any outstanding Awards shall be forfeited without consideration as of the Termination
Date (except for repayment of any amounts the Participant had paid to the Company to acquire unvested Shares underlying the forfeited Awards). 

  
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 (i) California Participants. Awards to California Participants shall also be subject to
the following terms regarding the time period to exercise vested Options or SARs after termination of Service. These additional terms shall apply until such time that the Shares are publicly traded and/or the Company is subject to the reporting
requirements of the Exchange Act: In the event of termination of a Participant’s Service, (i) if such termination was for reasons other than death or Disability or Cause, the Participant shall have at least 30 days after the date of such
termination to exercise any of his/her vested outstanding Options or SARs (but in no event later than the expiration of the term of such Options or SARs established by the Committee as of the Award date) or (ii) if such termination was due to
death or Disability, the Participant shall have at least six months after the date of such termination to exercise any of his/her vested outstanding Options or SARs (but in no event later than the expiration of the term of such Options or SARs
established by the Committee as of the Award date). 
 (j) Suspension or Termination of Awards. If at any time (including after a
notice of exercise has been delivered) the Committee (or the Board), reasonably believes that a Participant has committed an act of Cause (which includes a failure to act), the Committee (or Board) may suspend the Participant’s right to
exercise any Option or SAR (or vesting of Restricted Stock Grants or Stock Units) pending a determination of whether there was in fact an act of Cause. If the Committee (or the Board) determines a Participant has committed an act of Cause, neither
the Participant nor his or her estate shall be entitled to exercise any outstanding Option or SAR whatsoever and all of Participant’s outstanding Awards shall then terminate without consideration. Any determination by the Committee (or the
Board) with respect to the foregoing shall be final, conclusive and binding on all interested parties. 
 (k) Code Section 409A.
Notwithstanding anything in the Plan to the contrary, the Plan and Awards granted hereunder are intended to comply with the requirements of Code Section 409A and shall be interpreted in a manner consistent with such intention. In the event that
any provision of the Plan or an Award agreement is determined by the Committee to not comply with the applicable requirements of Code Section 409A or the Treasury Regulations or other guidance issued thereunder, the Committee shall have the
authority to take such actions and to make such changes to the Plan or an Award Agreement as the Committee deems necessary to comply with such requirements (including without limitation, after the grant date of an Award, increasing the Exercise
Price to equal what was the Fair Market Value on the grant date of Award). Each payment to a Participant made pursuant to this Plan shall be considered a separate payment and not one of a series of payments for purposes of Code Section 409A.
Notwithstanding the foregoing or anything elsewhere in the Plan or an Award Agreement to the contrary, if upon a Participant’s Separation From Service he/she is then a “specified employee” (as defined in Code Section 409A), then
solely to the extent necessary to comply with Code Section 409A and avoid the imposition of taxes under Code Section 409A, the Company shall defer payment of “nonqualified deferred compensation” subject to Code Section 409A
payable as a result of and within six (6) months following such Separation From Service under this Plan until the earlier of (i) the first business day of the seventh month following the Participant’s Separation From Service, or
(ii) ten (10) days after the Company receives written confirmation of the 

  
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Participant’s death. Any such delayed payments shall be made without interest. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be
imposed on a Participant by Code Section 409A or any damages for failing to comply with Code Section 409A. 
 (l) Electronic
Communications. Subject to compliance with applicable law and/or regulations, an Award agreement or other documentation or notices relating to the Plan and/or Awards may be communicated to Participants by electronic media. 

(m) Unfunded Plan. Insofar as it provides for Awards, the Plan shall be unfunded. Although bookkeeping accounts may be established with
respect to Participants who are granted Awards under this Plan, any such accounts will be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets which may at any time be represented by Awards, nor shall
this Plan be construed as providing for such segregation, nor shall the Company or the Committee be deemed to be a trustee of stock or cash to be awarded under the Plan. 

(n) Liability of Company Plan. The Company (or members of the Board or Committee) shall not be liable to a Participant or other persons
as to: (i) the non-issuance or sale of Shares as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance and sale of
any Shares hereunder; and (ii) any unexpected or adverse tax consequence or any tax consequence expected, but not realized, by any Participant or other person due to the grant, receipt, exercise or settlement of any Award granted under this
Plan. 
 (o) Reformation. In the event any provision of this Plan shall be held illegal or invalid for any reason, such provisions
will be reformed by the Board if possible and to the extent needed in order to be held legal and valid. If it is not possible to reform the illegal or invalid provisions then the illegality or invalidity shall not affect the remaining parts of this
Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
 (p) Successor
Provision. Any reference to a statute, rule or regulation, or to a section of a statute, rule or regulation, is a reference to that statute, rule, regulation, or section as amended from time to time, both before and after the Adoption Date and
including any successor provisions. 
 (q) Governing Law. This Plan, and (unless otherwise provided in the Award Agreement) all
Awards, shall be construed in accordance with and governed by the laws of the State of Delaware, but without regard to its conflict of law provisions. The Committee may provide that any dispute as to any Award shall be presented and determined in
such forum as the Committee may specify, including through binding arbitration. Unless otherwise provided in the Award Agreement, recipients of an Award under the Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or
state courts of California to resolve any and all issues that may arise out of or relate to the Plan or any related Award Agreement. 

  
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 SECTION 5. SHARES SUBJECT TO PLAN AND SHARE LIMITS. 

(a) Basic Limitations. The Common Stock issuable under the Plan shall be authorized but unissued Shares or treasury Shares. Subject to
adjustment as provided in Section 11, the maximum aggregate number of Shares that may be issued: 
 (i) under the Plan shall not exceed
5,441,999 Shares (the “Share Limit”); and 
 (ii) pursuant to the exercise of ISOs granted under this Plan shall not exceed
5,441,999 Shares (the “ISO Limit”). 
 (b) Share Utilization. If Awards are forfeited or are terminated for any reason
(including the Company’s repurchase of unvested Shares from either an Option that was early exercised or from a Restricted Stock Grant), then the forfeited/terminated/repurchased Shares underlying such Awards shall not be counted toward the
Share Limit. If exercised SARs or Stock Units are settled in Shares, then only the number of Shares (if any) actually issued in settlement of such SARs or Stock Units shall be counted against the Share Limit. If a Participant pays the Exercise Price
by Net Exercise or by surrendering previously owned Shares (or by stock attestation) and/or, as permitted by the Committee, pays any withholding tax obligation with respect to an Award by Net Exercise or by electing to have Shares withheld or
surrendering previously owned Shares (or by stock attestation), the surrendered Shares and the Shares withheld to pay taxes shall not be counted toward the Share Limit. Any Shares that are delivered and any Awards that are granted by, or become
obligations of, the Company, as a result of the assumption by the Company of, or in substitution for, outstanding awards previously granted by another entity (as provided in Sections 6(e), 8(f), 9(e) or 10(e)) shall not be counted toward the Share
Limit or ISO Limit. 
 (c) Dividend Equivalents. Any dividend equivalents distributed under the Plan shall not be counted against the
Share Limit. 
 SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 

(a) Stock Option Agreement. Each Award of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee
and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan (including without limitation any performance conditions).
The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. The Stock Option Agreement shall also specify whether the Option is an ISO and if not specified then the Option shall be an NSO. 

(b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide
for the adjustment of such number in accordance with Section 11. 

  
 13 

 (c) Exercise Price. An Option’s Exercise Price shall be established by the Committee
and set forth in a Stock Option Agreement. Except with respect to outstanding stock options being assumed or Options being granted in exchange for cancellation of options granted by another issuer as provided under Section 6(e), the Exercise
Price of an Option shall not be less than 100% of the Fair Market Value (110% for 10-Percent Shareholders in the case of ISOs) of a Share on the date of Award. 

(d) Exercisability and Term. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become
vested and/or exercisable. The Stock Option Agreement shall also specify the term of the Option; provided, however that the term of an Option shall in no event exceed ten (10) years from the date of Award. An ISO that is granted to a 10-Percent
Shareholder shall have a maximum term of five (5) years. No Option can be exercised after the expiration date specified in the applicable Stock Option Agreement. A Stock Option Agreement may provide for accelerated exercisability in the event
of the Optionee’s death, Disability or retirement or other events. A Stock Option Agreement may permit an Optionee to exercise an Option before it is vested (an “early exercise”), subject to the Company’s right of repurchase at
the original Exercise Price of any Shares acquired under the unvested portion of the Option which right of repurchase shall lapse at the same rate the Option would have vested had there been no early exercise. In no event shall the Company be
required to issue fractional Shares upon the exercise of an Option and the Committee may specify a minimum number of Shares that must be purchased in any one Option exercise. 

(e) Modifications or Assumption of Options. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding
Options or may accept the cancellation of outstanding stock options (whether granted by the Company or by another issuer) in return for the grant of new Options for the same or a different number of Shares and at the same or a different Exercise
Price. For the avoidance of doubt, the Committee may in its discretion Re-Price outstanding Options provided, however, that the new Exercise Price of a Re-Priced Option shall not be less than the Fair Market Value on the date of the Re-Pricing. No
modification of an Option shall, without the consent of the Optionee, impair his or her rights or increase his or her obligations under such Option. 

(f) Assignment or Transfer of Options. Except as otherwise provided in the applicable Stock Option Agreement and then only to the extent
permitted by applicable law, no Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. Except as otherwise provided in the applicable Stock Option Agreement, an Option may be exercised during the
lifetime of the Optionee only by Optionee or by the guardian or legal representative of the Optionee. Except as otherwise provided in the applicable Stock Option Agreement, no Option or interest therein may be subject to a short position or a Call
Equivalent Position or Put Equivalent Position, nor may any Option or interest therein be gifted, transferred, assigned, alienated, pledged, hypothecated, attached, sold, or encumbered by the Optionee during his/her lifetime, whether by operation of
law or otherwise, or be made subject to execution, attachment or similar process. 

  
 14 

 (g) Additional Disclosure. Solely to the extent that the Company is relying on the
exemption from registration under Section 12(g) of the Exchange Act, as provided by Rule 12h-1(f) of the Exchange Act, the Company shall provide (or make available to) Optionees with the additional disclosures required by Rule 12h-1(f)(1)(vi)
of the Exchange Act. As a condition to receiving these additional disclosures, an Optionee shall agree in writing to keep the information provided in these additional disclosures confidential. If an Optionee does not agree in writing to keep this
information confidential, then the Company shall not be required to provide such Optionee with the additional disclosures required by this Section 6(g). 

SECTION 7. PAYMENT FOR OPTION SHARES. 

(a) General Rule. The entire Exercise Price of Shares issued upon exercise of Options shall be payable in cash (or check) at the time
when such Shares are purchased by the Optionee, except as follows and if so provided for in an applicable Stock Option Agreement: 

(i) In the case of an ISO granted under the Plan, payment shall be made only pursuant to the express provisions of the
applicable Stock Option Agreement. The Stock Option Agreement may specify that payment may be made in any form(s) described in this Section 7. 

(ii) In the case of an NSO granted under the Plan, the Committee may in its discretion, at any time accept payment in any
form(s) described in this Section 7. 
 (b) Surrender of Stock. To the extent that the Committee makes this Section 7(b)
applicable to an Option in a Stock Option Agreement, payment for all or any part of the Exercise Price may be made with Shares which have already been owned by the Optionee for such duration as shall be specified by the Committee. Such Shares shall
be valued at their Fair Market Value on the date when the new Shares are purchased under the Plan. 
 (c) Cashless Exercise. To the
extent that the Committee makes this Section 7(c) applicable to an Option in a Stock Option Agreement, payment for all or a part of the Exercise Price may be made through Cashless Exercise. 

(d) Net Exercise. To the extent that the Committee makes this Section 7(d) applicable to an Option in a Stock Option Agreement,
payment for all or a part of the Exercise Price may be made through Net Exercise. 
 (e) Other Forms of Payment. To the extent that
the Committee makes this Section 7(e) applicable to an Option in a Stock Option Agreement, payment may be made in any other form that is consistent with applicable laws, regulations and rules and approved by the Committee. 

  
 15 

 SECTION 8. TERMS AND CONDITIONS OF STOCK APPRECIATION RIGHTS. 

(a) SAR Agreement. Each Award of a SAR under the Plan shall be evidenced by a SAR Agreement between the Participant and the Company.
Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan (including without limitation any performance conditions). A SAR Agreement may provide for a maximum limit on
the amount of any payout notwithstanding the Fair Market Value on the date of exercise of the SAR. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in
the Participant’s other compensation. 
 (b) Number of Shares. Each SAR Agreement shall specify the number of Shares to which the
SAR pertains and is subject to adjustment of such number in accordance with Section 11. 
 (c) Exercise Price. Each SAR Agreement
shall specify the Exercise Price. A SAR Agreement may specify an Exercise Price that varies in accordance with a predetermined formula while the SAR is outstanding. Except with respect to outstanding stock appreciation rights being assumed or SARs
being granted in exchange for cancellation of stock appreciation rights granted by another issuer as provided under Section 8(f), the Exercise Price of a SAR shall not be less than 100% of the Fair Market Value on the date of Award. 

(d) Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable.
The SAR Agreement shall also specify the term of the SAR which shall not exceed ten years from the date of Award. No SAR can be exercised after the expiration date specified in the applicable SAR Agreement. A SAR Agreement may provide for
accelerated exercisability in the event of the Participant’s death, or Disability or other events. SARs may be awarded in combination with Options or other Awards, and such an Award may provide that the SARs will not be exercisable unless the
related Options or other Awards are forfeited. A SAR may be included in an ISO only at the time of Award but may be included in an NSO at the time of Award or at any subsequent time, but not later than six months before the expiration of such NSO. A
SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control. 
 (e) Exercise of SARs.
If, on the date when a SAR expires, the Exercise Price under such SAR is less than the Fair Market Value on such date but any portion of such SAR has not been exercised or surrendered, then such SAR may automatically be deemed to be exercised as of
such date with respect to such portion to the extent so provided in the applicable SAR agreement. Upon exercise of a SAR, the Participant (or any person having the right to exercise the SAR after Participant’s death) shall receive from the
Company (i) Shares, (ii) cash or (iii) any combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate, be equal to
the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price of the Shares. 

  
 16 

 (f) Modification or Assumption of SARs. Within the limitations of the Plan, the Committee
may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (including stock appreciation rights granted by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at
the same or a different Exercise Price. For the avoidance of doubt, the Committee may in its discretion Re-Price outstanding SARs provided, however, that the new Exercise Price of a Re-Priced SAR shall not be less than the Fair Market Value on the
date of the Re-Pricing. No modification of a SAR shall, without the consent of the Participant, impair his or her rights or increase his or her obligations under such SAR. 

(g) Assignment or Transfer of SARs. Except as otherwise provided in the applicable SAR Agreement and then only to the extent permitted
by applicable law, no SAR shall be transferable by the Participant other than by will or by the laws of descent and distribution. Except as otherwise provided in the applicable SAR Agreement, a SAR may be exercised during the lifetime of the
Participant only by the Participant or by the guardian or legal representative of the Participant. No SAR or interest therein may be transferred, assigned, alienated, pledged, hypothecated, attached, sold, or encumbered by the Participant during his
or her lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process. 
 SECTION 9. TERMS AND
CONDITIONS FOR RESTRICTED STOCK GRANTS. 
 (a) Restricted Stock Grant Agreement. Each Restricted Stock Grant awarded under the
Plan shall be evidenced by a Restricted Stock Grant Agreement between the Participant and the Company. Each Restricted Stock Grant shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and
conditions that are not inconsistent with the Plan (including without limitation any performance conditions). The provisions of the Restricted Stock Grant Agreements entered into under the Plan need not be identical. 

(b) Number of Shares and Payment. Each Restricted Stock Grant Agreement shall specify the number of Shares to which the Restricted Stock
Grant pertains and is subject to adjustment of such number in accordance with Section 11. Restricted Stock Grants may be issued with or without cash consideration under the Plan. 

(c) Vesting Conditions. Each Restricted Stock Grant may or may not be subject to vesting. Vesting shall occur, in full or in
installments, upon satisfaction of the conditions specified in the Restricted Stock Grant Agreement. A Restricted Stock Grant Agreement may provide for accelerated vesting in the event of the Participant’s death, or Disability or other events.

 (d) Voting and Dividend Rights. The holder of a Restricted Stock Grant (irrespective of whether the Shares subject to the
Restricted Stock Grant are vested or unvested) awarded under the Plan shall have the same voting, dividend and other rights 

  
 17 

 
as the Company’s other stockholders. However, any dividends received on Shares that are unvested (whether such dividends are in the form of cash or Shares) may be subject to the same vesting
conditions and restrictions as the Restricted Stock Grant with respect to which the dividends were paid. Such additional Shares issued as dividends that are subject to the Restricted Stock Grant shall not reduce the number of Shares available for
issuance under Section 5. 
 (e) Modification or Assumption of Restricted Stock Grants. Within the limitations of the Plan, the
Committee may modify or assume outstanding Restricted Stock Grants or may accept the cancellation of outstanding Restricted Stock Grants (including stock granted by another issuer) in return for the grant of new Restricted Stock Grants for the same
or a different number of Shares. No modification of a Restricted Stock Grant shall, without the consent of the Participant, impair his or her rights or increase his or her obligations under such Restricted Stock Grant. 

(f) Assignment or Transfer of Restricted Stock Grants. Except as provided in Section 14, or in a Restricted Stock Grant Agreement, or as
required by applicable law, a Restricted Stock Grant awarded under the Plan shall not be assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law.
Any act in violation of this Section 9(f) shall be void. However, this Section 9(f) shall not preclude a Participant from designating a beneficiary pursuant to Section 4(d) nor shall it preclude a transfer of Restricted Stock Grant
Awards by will or pursuant to Section 4(d). 
 SECTION 10. TERMS AND CONDITIONS FOR STOCK UNITS. 

(a) Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the Participant
and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan (including without limitation any performance conditions). The provisions of the
various Stock Unit Agreements entered into under the Plan need not be identical. Stock Units may be granted in consideration of a reduction in the Participant’s other compensation. 

(b) Number of Shares and Payment. Each Stock Unit Agreement shall specify the number of Shares to which the Stock Unit Award pertains
and is subject to adjustment of such number in accordance with Section 11. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients. 

(c) Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments,
upon satisfaction of the conditions specified in the Stock Unit Agreement. A Stock Unit Agreement may provide for accelerated vesting in the event of the Participant’s death, or Disability or other events. 

(d) Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture, any Stock
Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right 

  
 18 

 
entitles the holder to be credited with an amount equal to all cash or Common Stock dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into
additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Shares, or in a combination of both. Prior to vesting of the Stock Units, any dividend equivalents accrued on such unvested Stock Units may be
subject to the same vesting conditions and restrictions as the Stock Units to which they attach. 
 (e) Modification or Assumption of
Stock Units. Within the limitations of the Plan, the Committee may modify or assume outstanding Stock Units or may accept the cancellation of outstanding Stock Units (including stock units granted by another issuer) in return for the grant of
new Stock Units for the same or a different number of Shares. No modification of a Stock Unit shall, without the consent of the Participant, impair his or her rights or increase his or her obligations under such Stock Unit. 

(f) Assignment or Transfer of Stock Units. Except as provided in Section 14, or in a Stock Unit Agreement, or as required by
applicable law, Stock Units shall not be assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law. Any act in violation of this Section 10(f)
shall be void. However, this Section 10(f) shall not preclude a Participant from designating a beneficiary pursuant to Section 4(d) nor shall it preclude a transfer of Stock Units pursuant to Section 4(d). 

(g) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (a) cash,
(b) Shares or (c) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award. Methods of converting Stock Units
into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. Except as otherwise provided in a Stock Unit Agreement or a timely completed deferral election, vested Stock Units
shall be settled within thirty days after vesting. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred, in accordance with applicable law, to a
later specified date. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to
Section 11. 
 (h) Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of
the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 

(i) Additional Disclosure. Solely to the extent that the Company is relying on the exemption from registration under Section 12(g)
of the Exchange Act, as provided by Rule 12h-1(f) of the Exchange Act, the Company shall provide (or make available to) Participants holding Stock Units with the additional disclosures required by Rule 12h-1(f)(1)(vi) of the Exchange Act. As a
condition to receiving these additional disclosures, 

  
 19 

 
any such Participant shall agree in writing to keep the information provided in these additional disclosures confidential. If any such Participant does not agree in writing to keep this
information confidential, then the Company shall not be required to provide such Participant with the additional disclosures required by this Section 10(i). 

SECTION 11. ADJUSTMENTS. 
 (a)
Adjustments. In the event of a subdivision of the outstanding Shares, a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of
Shares, a combination or consolidation of the outstanding Shares (by reclassification or otherwise) into a lesser number of Shares, a stock split, a reverse stock split, a reclassification or other distribution of the Shares without the receipt of
consideration by the Company, of or on the Common Stock, a recapitalization, a combination, a spin-off or a similar occurrence, the Committee shall make equitable and proportionate adjustments to: 

(i) the Share Limit and ISO Limit specified in Section 5(a); 

(ii) the number and kind of securities available for Awards (and which can be issued as ISOs) under Section 5; 

(iii) the number and kind of securities covered by each outstanding Award; 

(iv) the Exercise Price under each outstanding Option and SAR; and 

(v) the number and kind of outstanding securities issued under the Plan. 

(b) Participant Rights. Except as provided in this Section 11, a Participant shall have no rights by reason of any issue by the
Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock
of any class. If by reason of an adjustment pursuant to this Section 11, a Participant’s Award covers additional or different shares of stock or securities, then such additional or different shares and the Award in respect thereof shall be
subject to all of the terms, conditions and restrictions which were applicable to the Award and the Shares subject to the Award prior to such adjustment. 

(c) Fractional Shares. Any adjustment of Shares pursuant to this Section 11 shall be rounded down to the nearest whole number of
Shares. Under no circumstances shall the Company be required to authorize or issue fractional shares. To the extent permitted by applicable law, no consideration shall be provided as a result of any fractional shares not being issued or authorized.

  
 20 

 SECTION 12. EFFECT OF A CHANGE IN CONTROL. 

(a) Merger or Reorganization. In the event that there is a Change in Control and/or the Company is a party to a merger or acquisition or
reorganization or similar transaction, outstanding Awards shall be subject to the merger agreement or other applicable transaction agreement. Such agreement may provide, without limitation, that subject to the consummation of the applicable
transaction, for the assumption (or substitution) of outstanding Awards by the surviving corporation or its parent, for their continuation by the Company (if the Company is a surviving corporation), for accelerated vesting or for their cancellation
with or without consideration, in all cases without the consent of the Participant. 
 (b) Acceleration of Vesting. In the event that
a Change in Control occurs and there is no assumption, substitution or continuation of Awards pursuant to Section 12(a), the Committee in its discretion may provide that all Awards shall vest and become exercisable as of immediately before such
Change in Control. For avoidance of doubt, “substitution” includes, without limitation, an Award being replaced by a cash award that provides an equivalent intrinsic value (wherein intrinsic value equals the difference between the market
value of a share and any exercise price). The Committee may also in its discretion include in an Award agreement a requirement that unless Section 280G Approval has been obtained, no acceleration of vesting shall occur with respect to an Award
to the extent that such acceleration would, after taking into account any other payments in the nature of compensation to which the Participant would have a right to receive from the Company and any other person contingent upon the occurrence of
such Change in Control, result in a “parachute payment” as defined under Code Section 280G. 
 SECTION 13. LIMITATIONS ON RIGHTS. 

(a) Retention Rights. Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual a right to remain in
Service as an Employee, Consultant, or Non-Employee Director of the Company, a Parent, a Subsidiary or an Affiliate or to receive any future Awards under the Plan. The Company and its Parents and Subsidiaries and Affiliates reserve the right to
terminate the Service of any person at any time, and for any reason, subject to applicable laws, the Company’s Certificate of Incorporation and Bylaws and a written employment agreement (if any). 

(b) Regulatory Requirements. Any other provision of the Plan notwithstanding, the obligation of the Company to issue Shares or other
securities under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required. The Company reserves the right to restrict, in whole or in part, the delivery of Shares or other
securities pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Shares or other securities, to their registration, qualification or listing or to an exemption from registration, qualification or
listing. 

  
 21 

 (c) Dissolution. To the extent not previously exercised or settled, all Options, SARs,
Stock Units and unvested Restricted Stock Grants shall terminate immediately prior to the dissolution or liquidation of the Company and shall be forfeited to the Company without consideration (except for repayment of any amounts a Participant had
paid to the Company to acquire unvested Shares underlying the forfeited Awards). 
 SECTION 14. WITHHOLDING TAXES. 

(a) General. A Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations
that arise in connection with his or her Award. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied and the Company shall, to the extent permitted by law, have the right
to deduct any such taxes from any payment of any kind otherwise due to the Participant. 
 (b) Share Withholding. The Committee in its
discretion may permit or require a Participant to satisfy all or part of his or her withholding tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a
portion of any Shares that he or she previously acquired (or by stock attestation). Such Shares shall be valued based on the value of the actual trade or, if there is none, the Fair Market Value as of the previous day. Any payment of taxes by
assigning Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions required by rules of the SEC. The Committee may also, in its discretion, permit or require a Participant to satisfy withholding tax
obligations related to an Award through a sale of Shares underlying the Award or, in the case of Options, through Net Exercise or Cashless Exercise. The number of Shares that are withheld from an Award pursuant to this section may also be limited by
the Committee, to the extent necessary, to avoid liability-classification of the Award (or other adverse accounting treatment) under applicable financial accounting rules including without limitation by requiring that no amount may be withheld which
is in excess of minimum statutory withholding rates. The Committee, in its discretion, may permit other forms of payment of applicable tax withholding. 

SECTION 15. DURATION AND AMENDMENTS. 
 (a)
Term of the Plan. The Plan, as set forth herein, is effective on the Adoption Date provided, however, that the Plan is subject to the approval of the Company’s stockholders within one year of the Adoption Date. If the Stockholder
Approval Date does not occur before the first anniversary of the Adoption Date, then the Plan shall terminate as of the first anniversary of the Adoption Date and any Awards granted under the Plan shall also immediately terminate without
consideration to any Award holder. If the stockholders timely approve the Plan, then the Plan shall terminate on the day before the tenth anniversary of the Adoption Date and may be terminated on any earlier date pursuant to this Section 15.
This Plan will not in any way affect outstanding awards that were issued under any other Company equity compensation plans. 

  
 22 

 (b) Right to Amend or Terminate the Plan. The Board may amend or terminate the Plan at any
time and for any reason. No Awards shall be granted under the Plan after the Plan’s termination. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws,
regulations or rules. In addition, no such amendment or termination (or amendment of an executed Award Agreement) shall be made which would materially impair the rights of any Participant, without such Participant’s written consent, under any
then-outstanding Award. In the event of any conflict in terms between the Plan and any Award agreement, the terms of the Plan shall prevail and govern. 

SECTION 16. EXECUTION. 
 To record the
adoption of the Plan by the Board, the Company has caused its duly authorized Officer to execute this Plan on behalf of the Company. 
  

			
	SANTA MARIA BIOTHERAPEUTICS, INC.
		
	By:	 	 /s/ Isaac Ciechanover

		
	Name:	 	 Isaac Ciechanover

		
	Title:	 	 President and CEO

  
 23EX-10.7

 Exhibit 10.7 

2012 EQUITY INCENTIVE PLAN 

STOCK UNIT AGREEMENT 
 The Company hereby
awards Stock Units to the Participant named below. The terms and conditions of the Award are set forth in this cover sheet, in the attached Stock Unit Agreement and in the Plan. This cover sheet is incorporated into and a part of the attached Stock
Unit Agreement (together, the “Agreement”). 
 Date of Award: 

Expiration Date: 
 Name of Participant: 

Number of Stock Units Awarded: 
 Vesting Calculation Date: 

Certificate Number: 
 By signing this cover
sheet, Participant agrees to all of the terms and conditions described in the attached Stock Unit Agreement and in the Plan. Participant is also acknowledging receipt of this Agreement and a copy of the Plan. Participant hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan or this Award. 
  

			
	Participant:	 	  

		 	(Signature)
		
	Company:	 	  

		 	(Signature)

 Title: 

Attachment 

 2012 EQUITY INCENTIVE PLAN 

STOCK UNIT AGREEMENT 
  

			
	The Plan and Other Agreements and Certain Definitions	  	 The text of the Plan is incorporated in this Agreement by this reference. Participant and the Company agree to execute such further
instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. Unless otherwise defined in this Agreement, certain capitalized terms used in this Agreement are defined in the Plan.

 
 This Agreement and the Plan constitute the entire understanding between Participant and
the Company regarding this Award of Stock Units. Any prior agreements, commitments or negotiations are superseded.
  

Participant understands that his or her consulting relationship with the Company can be terminated at any time by the Company and that nothing in this
Agreement or the Plan changes the at-will nature of this non-employee consulting relationship.
  

For purposes of this Agreement, the following terms have the below defined meanings:
  

“Liquidity Event Vesting” means that, before the Expiration Date, there has been a consummation of either: (1) an IPO or (2) a Change in Control.

 
 “Settlement Time” means the time when a Vested Stock Unit is exchanged for a
Share (or the cash equivalent value) in accordance with the following:
  

(i) If the Liquidity Event Vesting occurred because of a Change in Control then the Settlement Time for then Vested Stock Units shall occur
as of immediately before the Change in Control.
  
 (ii) If the
Liquidity Event Vesting occurred because of an IPO then the Settlement Time for then Vested Stock Units shall occur on the first business day after the date that is six months after the IPO. For Stock Units which become Vested Stock Units after the
IPO, the Settlement Time shall occur on the first business day in January of the year immediately following the year in which the Stock Units became Vested Stock Units. Notwithstanding the foregoing provisions of this clause (ii), if a Change in
Control occurs after the IPO then the Settlement Time for Vested Stock Units shall occur as specified in clause (i) above.
  

“Vested Stock Unit” means, with respect to a Stock Unit subject to this Agreement, that such Stock Unit has become Service-Based Vested and that the
Liquidity Event Vesting has occurred before the Expiration Date.

			
	Vesting	  	 As of the Date of Award, none of the Stock Units subject to this Agreement are Vested Stock Units. Participant will receive a benefit with
respect to this Award only to the extent that Stock Units become Vested Stock Units. For any Stock Unit to become a Vested Stock Unit, two separate vesting conditions must each be satisfied before the Expiration Date.

 
 Accordingly, in order for a Stock Unit to become a Vested Stock Unit, one vesting
condition is that it becomes “Service-Based Vested” (as described below) and the other vesting condition is the timely occurrence of the Liquidity Event Vesting. For avoidance of doubt, Participant will have no rights with respect to this
Award to the extent the Liquidity Event Vesting condition is not satisfied (regardless of the extent to which Stock Units were Service-Based Vested). All Stock Units that are not Vested Stock Units as of the Expiration Date shall be then forfeited
without consideration. Stock Units which are Service-Based Vested shall remain outstanding until the earlier of their settlement or the Expiration Date.
  

Service-Based Vested Requirement: The Service-Based Vested requirements will be satisfied in installments as to this Award as follows: As long as Participant
renders continuous Service, Participant will become incrementally Service-Based Vested as to 25% of the total number of Stock Units awarded, as shown above on the cover sheet, on the first anniversary of the Vesting Calculation Date and thereafter
1/48th of the total number of Stock Units awarded shall become incrementally Service-Based Vested on each monthly anniversary of the first anniversary of the Vesting Calculation Date until the
Service-Based Vested requirement is fully satisfied on the fourth anniversary of the Vesting Calculation Date. No unvested Stock Units can become Service-Based Vested after Participant’s Service has terminated and any Stock Units that are not
Service-Based Vested shall be forfeited without consideration on the Participant’s Termination Date. In all cases, the resulting aggregate number of Service-Based Vested Stock Units will be rounded down to the nearest whole
number.

		
	Settlement	  	 To the extent a Stock Unit becomes a Vested Stock Unit and subject to Participant’s satisfaction of any tax withholding obligations as
discussed below, each Vested Stock Unit will entitle Participant to receive one Share (or cash equivalent) at the Settlement Time.
  

The Committee in its discretion may decide to settle Vested Stock Units with cash and/or Shares which will be distributed to Participant at the Settlement Time
in exchange for such Vested Stock Units. If cash is utilized in settling the Vested Stock Units, the Fair Market Value of a Share (determined as of the Settlement Time) shall be used to determine the value of each Vested Stock
Unit.

  
 2 

			
		  	Issuance of such Shares and/or cash shall be in complete satisfaction of settled Vested Stock Units. Such settled Vested Stock Units shall be immediately cancelled and no longer outstanding and Participant shall have no further
rights or entitlements related to those settled Vested Stock Units.
		
	No Assignment	  	Stock Units shall not be sold, anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law. If Participant attempts to
do any of these things, this Award will immediately become invalid. Participant may, however, dispose of this Award in Participant’s will or it may be transferred by the laws of descent and distribution. Subject to the previous sentence, the
Company is not obligated to recognize Participant’s spouse’s interest in this Award regardless of any marital property settlement agreement.
		
	The Company’s Right of First Refusal	  	 If at any time Participant proposes to transfer Shares (“Transfer”) that were acquired under this Agreement then the Participant
shall promptly give the Company written notice of the Participant intention to make the Transfer (the “Transfer Notice”). The Transfer Notice shall include (i) a description of the Shares to be transferred (the “Offered Shares”),
(ii) the name(s) and address(es) of the prospective transferee(s), (iii) the purchase price and form of consideration proposed to be paid for the Offered Shares and (iv) the other material terms and conditions upon which the proposed Transfer is to
be made. The Transfer Notice shall certify that the Participant has received a firm offer from the prospective transferee(s) and in good faith believes a binding agreement for the Transfer is obtainable on the terms set forth in the Transfer Notice.
The Transfer Notice shall also include a copy of any written proposal, term sheet or letter of intent or other agreement relating to the proposed Transfer.
  

The Company shall have an option for a period of ten (10) days from its receipt of the Transfer Notice to elect to purchase the Offered Shares at the same
price and subject to the same material terms and conditions as described in the Transfer Notice. The Company may exercise such purchase option and purchase all or any portion of the Offered Shares by notifying the Participant in writing before
expiration of such ten (10) day period as to the number of such shares that it wishes to purchase. If the Company gives the Participant notice that it desires to purchase such shares, then payment for the Offered Shares shall be made by check or
wire transfer against delivery of the Offered Shares to be purchased at a time and place agreed upon between the parties, which time shall be no later than forty-five (45) days after receipt by the Company of the Transfer Notice, unless the Transfer
Notice contemplated a later closing with the prospective third party transferee(s) or unless the value of the consideration to be paid for the Offered Shares has not yet been established in accordance with the below provisions. If the Company fails
to purchase any or all of the Offered Shares by exercising the option within the ten day period provided, the remaining Offered Shares shall be subject to the following paragraphs.

  
 3 

			
		  	 Subject to the Company’s option set forth above, if at any time the Participant proposes a Transfer, then, within five (5) days after
the Company has declined to purchase all, or a portion, of the Offered Shares or the Company’s option to so purchase the Offered Shares has expired, the Participant shall give each Company stockholder (each a “Holder”) that is
designated by the Company an “Additional Transfer Notice” that shall include all of the information and certifications required in a Transfer Notice and shall additionally identify the Offered Shares that the Company has declined to
purchase (the “Remaining Shares”) and reference the Holders’ rights of first refusal with respect to the proposed Transfer contained in this Agreement.
  

Each Holder shall have an option for a period of fifteen (15) days from its receipt of the Additional Transfer Notice from the Participant set forth above to
elect to purchase its respective pro rata share of the Remaining Shares at the same price and subject to the same material terms and conditions as described in the Additional Transfer Notice. Each Holder may exercise such purchase option and
purchase all or any portion of its pro rata share of the Remaining Shares (a “Participating Holder” for the purposes of this Agreement) by notifying the Participant and the Company in writing, before expiration of the fifteen (15)-day
period as to the number of such shares that it wishes to purchase (the “Participating Holder Notice”). Each Holder’s pro rata share of the Remaining Shares shall be a fraction of the Remaining Shares, the numerator of which shall be
the number of shares of Common Stock (including shares of Common Stock issuable upon conversion of Preferred Shares) owned by such Holder on the date of the Transfer Notice and denominator of which shall be the total number of Shares (including any
securities convertible into Shares) held by all Holders on the date of the Transfer Notice.
  

In the event any Holder elects not to purchase its pro rata share of the Remaining Shares available pursuant to its option above within the time period set
forth therein, then the Participant shall promptly give written notice (the “Overallotment Notice”) to each Participating Holder that has elected to purchase all of its pro rata share of the Remaining Shares (each a “Fully
Participating Holder”), which notice shall set forth the number of Remaining Shares not purchased by the other Holders (“Unsubscribed Shares”), and shall offer the Fully Participating Holders the right to acquire the
Unsubscribed Shares. Each Fully Participating Holder shall have five (5) days after its receipt of the Overallotment Notice to deliver a written notice to the Participant (the “Participating Holders Overallotment Notice”) of its
election to purchase its pro rata share of the Unsubscribed Shares on the same terms and conditions as set forth in the Additional Transfer Notice, which such Participating Holders Overallotment Notice shall also indicate the maximum number of the
Unsubscribed Shares that such Fully

  
 4 

			
		  	 Participating Holder will purchase in the event that any other Fully Participating Holder elects not to purchase its pro rata share of the
Unsubscribed Shares. For the purposes of determining a Fully Participating Holder’s pro rata share of the unsubscribed shares, the numerator shall be the same as that used in above and the denominator shall be the total number of Shares
(including Shares issuable upon conversion of Preferred Shares) owned by all Fully Participating Holders on the date of the Transfer Notice.
  

Each Participating Holder shall be entitled to apportion Remaining Shares to be purchased among its partners and affiliates, provided that such
Participating Holder notifies the Participant of such allocation.
  
 The Participating
Holders shall effect the purchase of the Remaining Shares with payment by check or wire transfer against delivery of the Remaining Shares to be purchased at a time and place agreed upon between the parties, which time shall be no later than sixty
(60) days after receipt by the Company of the Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective third-party transferee(s) or unless the value of the consideration to
be paid for the Offered Shares has not yet been established.
  
 Should the purchase price
specified in the Transfer Notice or Additional Transfer Notice be payable in a form of consideration other than cash or evidences of indebtedness, the Company (and the Participating Holders) shall have the right to pay such purchase price in an
amount of cash equal to the fair market value of such consideration. If the Selling Common Holder and the Company (or the Participating Holders) cannot agree on such fair market value within ten (10) days after receipt by the Company of the Transfer
Notice (or receipt of the Additional Transfer Notice by the Holders), the valuation shall be made by an appraiser of recognized standing selected by the Participant and the Company (or a majority-in-interest of the Participating Holders) or, if they
cannot agree on an appraiser within twenty (20) days after receipt by the Company of the Transfer Notice (or the receipt of the Additional Transfer Notice by the Holders), each shall select an appraiser of recognized standing and those appraisers
shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by the Participant, on the one hand, and the Company (and, to the extent there are
any, the Participating Holders, on the other hand, with that half of the cost to be borne by the Company and the Participating Holders to be apportioned on a pro rata basis based on the number of Shares each such party has expressed an interest in
purchasing. If the time for the closing of the Company’s purchase or the Participating Holders’ purchase has expired but the determination of the value of the purchase price offered by the prospective transferee(s) has not been finalized,
then such closing shall be held on or prior to the fifth business day after such valuation shall have been made pursuant to this section.

  
 5 

			
		  	 The Company’s Right of First Refusal shall inure to the benefit of its successors and assigns and shall be binding upon any transferee
of the Shares.
  
 The Company’s Right of First Refusal shall terminate in the event
that Shares are listed on an established stock exchange or are quoted regularly on the OTC Bulletin Board.

		
	Leaves of Absence	  	 For purposes of this Agreement, Participant’s Service shall not terminate when Participant goes on a bona fide leave of absence
that was approved by the Company (or its Parent, Subsidiary or Affiliate) in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. Participant’s Service
terminates in any event when the approved leave ends, unless Participant immediately returns to active work.
  

The Company determines which leaves count for this purpose (along with determining the effect of a leave of absence on vesting of the Award), and when
Participant’s Service terminates for all purposes under the Plan.

		
	Voting and Other Rights	  	 As a holder of Stock Units, Participant shall have no rights other than those of a general creditor of the Company. Among other things, this
means Participant as a holder of outstanding Stock Units has no right to vote and none of the rights and privileges of a stockholder of the Company. Subject to the terms and conditions of this Agreement, Stock Units create no fiduciary duty of the
Company to Participant and only represent an unfunded and unsecured contractual obligation of the Company. The Stock Units shall not be treated as property or as a trust fund of any kind.

 
 Participant, or Participant’s estate or heirs, has no rights as a stockholder of the
Company until Participant has been issued the applicable Shares by the Company and has satisfied all other conditions specified in the Plan. No adjustment shall be made for cash or stock dividends or other rights for which the record date is prior
to the date when such applicable Shares are issued, except as provided in the Plan.

		
	Taxes and Withholding	  	 Participant will be solely responsible for payment of any and all applicable taxes associated with this Award.

 
 The delivery to Participant of any Shares (or cash) underlying Vested Stock Units will not
be permitted unless and until Participant has satisfied any withholding or other taxes that may be due. Any such tax withholding obligations may be settled in the discretion of the Committee by the Company withholding and retaining a portion of the
Shares from the Shares that would otherwise be deliverable to Participant as of the Settlement Time and/or by Shares which have already been owned by Participant for more

  
 6 

			
		  	than six (6) months and which are surrendered to the Company. Such withheld or surrendered Shares will be applied to pay the withholding obligation by using the aggregate Fair Market Value of the withheld or surrendered Shares
determined as of the Settlement Time. If Shares are withheld, then Participant will be delivered the net amount of vested Shares after the Share withholding has been effected and Participant will not receive the withheld Shares.
		
	Code Section 409A	  	This Award is intended to be exempt from or compliant with section 409A of the Code and will be interpreted accordingly.
		
	Restrictions on Issuance and Resale	  	 The Company will not issue any Shares if the issuance of such Shares at that time would violate any law or regulation.

 
 Participant hereby agrees that Participant will not, without the prior written consent of
the managing underwriter, during the period commencing on the date of the final prospectus relating to an IPO and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (180) days) (i)
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 or
(ii) 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 Shares, whether any such transaction described in clause (i) or (ii) above is to be settled by
delivery of Shares or other securities, in cash or otherwise. The foregoing provisions of this section shall apply only to the IPO, shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement. The underwriters
in connection with the IPO are intended third party beneficiaries of this section and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Participant further agrees to execute such
agreements as may be reasonably requested by the underwriters in the IPO that are consistent with this section or that are necessary to give further effect thereto.
  

In order to enforce the foregoing covenant, the Company may impose stop transfer instructions with respect to Participant’s Shares until the end of such
period. Notwithstanding the foregoing, if (i) during the last seventeen (17) days of the one hundred eighty (180)-day restricted period, the Company issues an earnings release or material news or a material event relating to the Company occurs; or
(ii) prior to the expiration of the one hundred eighty (180)-day restricted period, the Company announces that it will release earnings results during the sixteen (16)-day period beginning on the last day of the one hundred eighty (180)-day period,
the restrictions imposed by this section shall continue to apply until the expiration of the eighteen (18)-day period beginning on the issuance of the earnings release or the occurrence of the material news or material
event.

  
 7 

			
		  	 If the sale of Shares acquired under this Award is not registered under the Securities Act, but an exemption is available which requires an
investment representation or other representation and warranty, Participant shall represent and agree that the Shares being acquired are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such
other representations and warranties as are deemed necessary or appropriate by the Company and its counsel.
  

Participant will also be required, as a condition of settlement of this Award, to enter into any Stockholders Agreement or other agreements that are applicable
to stockholders. In the event of any conflict in terms between the Stockholders Agreement and this Agreement, the terms of the Stockholders Agreement shall prevail and govern.

		
	No Retention Rights	  	This Award and this Agreement does not give Participant the right to be retained by the Company (or any Parent or any Subsidiaries or Affiliates) in any capacity. The Company (or any Parent and any Subsidiaries or Affiliates)
reserves the right to terminate Participant’s Service at any time and for any reason.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in the Company stock, the number of outstanding Stock Units covered by this Award may be adjusted (and rounded down to the nearest whole number) pursuant to the
Plan. The Stock Units shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate activity.
		
	Legends	  	 All certificates representing the Shares issued under this Award (if any) may, where applicable, have endorsed thereon the following legends
and any other legends the Company determines appropriate:
  

“THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OPTIONS TO PURCHASE SUCH SHARES SET
FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
COMPANY BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.”

		
		  	 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE
TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION

  
 8 

			
		  	 THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS
NOT REQUIRED.”
  
 “THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD AFTER THE EFFECTIVE DATE OF THE ISSUER’S REGISTRATION STATEMENT FILED UNDER THE ACT, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SECURITIES, A COPY OF
WHICH MAY BE OBTAINED AT THE ISSUER’S PRINCIPAL OFFICE. SUCH LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES.”

		
	Notice	  	Any notice to be given or delivered to the Company relating to this Agreement shall be in writing and addressed to the Company at its principal corporate offices. Any notice to be given or delivered to Participant relating to this
Agreement shall be in writing and addressed to Participant at such address of which Participant shall have advised the Company in writing. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid
and properly addressed to the party to be notified.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware without reference to the conflicts of law provisions thereof.
		
	Voluntary Participant	  	Participant acknowledges that Participant is voluntarily participating in the Plan.
		
	No Rights to Future Awards	  	Participant’s rights, if any, in respect of or in connection with this Award or any other Awards are derived solely from the discretionary decision of the Company to permit Participant to participate in the Plan. By accepting
this Award, Participant expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Awards to Participant or benefits in lieu of other Awards even if Awards have been granted
repeatedly in the past. All decisions with respect to future Awards, if any, will be at the sole discretion of the Committee.
		
	Future Value	  	The future value of the underlying Shares is unknown and cannot be predicted. If the underlying Shares do not increase in value after the Date of Award, the Award could have little or no value. If Participant obtains Shares under
this Award, the value of the Shares acquired upon settlement may subsequently increase or decrease in value.
		
	No Advice Regarding Award	  	The Company has not provided any tax, legal or financial advice, nor has the Company made any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying
Shares. Participant is hereby advised to consult with Participant’s own personal tax,

  
 9 

			
		  	legal and financial advisors regarding this Award and Participant’s participation in the Plan before taking any action related to this Award or the Plan.
		
	No Right to Damages	  	Participant will have no right to bring a claim or to receive damages if any portion of the Award is cancelled or expires. The loss of existing or potential profit in the Award will not constitute an element of damages in the event
of the termination of Participant’s Service for any reason, even if the termination is in violation of an obligation of the Company or a Parent or a Subsidiary or an Affiliate to Participant.
		
	Data Privacy	  	Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this document by the Company for the exclusive purpose of
implementing, administering and managing Participant’s participation in the Plan. Participant understands that the Company holds certain personal information about Participant, including, but not limited to, name, home address and telephone
number, date of birth, social security or insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all Awards or any other entitlement to Shares awarded,
cancelled, purchased, exercised, vested, unvested or outstanding in Participant’s favor for the purpose of implementing, managing and administering the Plan (“Data”). Participant understands that the Data may be transferred to any
third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in Participant’s country or elsewhere and that the recipient country may have different data privacy laws and
protections than Participant’s country. Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing Participant’s
participation in the Plan, including any requisite transfer of such Data, as may be required to a broker or other third party with whom Participant may elect to deposit any Shares acquired under the Plan.

 By signing the cover sheet of this Agreement, Participant agrees to all of the terms and conditions
described above and in the Plan. Any inconsistency between this Agreement and the Plan shall be resolved by reference to the Plan. 

  
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