Document:

Third Amended and Restated Investors' Rights Agreement

 Exhibit 4.2 
 LINKEDIN CORPORATION 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT 
 This THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is
made and entered into as of June 13, 2008, by and among LinkedIn Corporation, a Delaware corporation formerly known as LinkedIn, Ltd. (the “Company”), and the parties (each an “Investor” and
collectively, the “Investors”) listed on the Schedule of Investors attached hereto as Exhibit A (the “Schedule of Investors,” as such Schedule of Investors may be
amended from time to time to reflect additional holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and/or Series D Preferred Stock). Capitalized terms used in this Agreement have the meanings
ascribed to them in Section 1. This Agreement amends and restates the Second Amended and Restated Investors’ Rights Agreement, dated as of December 29, 2006, by and among the Company and the persons and entities who are
signatories thereto (the “Prior Rights Agreement”). 
 WHEREAS, certain of the Investors (the
“Prior Investors”) hold shares of the Company’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock or shares of Common Stock issued upon conversion thereof, and possess
registration rights, information rights, rights of first refusal and other rights pursuant to the Prior Rights Agreement; 

WHEREAS, the Prior Investors who have signed this Agreement (i) desire to amend and restate the Prior Rights Agreement and
accept the rights and obligations set forth in this Agreement in lieu of the rights and obligations as set forth under the Prior Rights Agreement, and (ii) hold a majority of the shares of the Company’s equity securities defined as
“Registrable Securities” under the Prior Rights Agreement, and therefore have the ability pursuant to Section 13.7 of the Prior Rights Agreement to amend the Prior Rights Agreement on behalf of all Prior Investors with the
consent of the Company; 
 WHEREAS, the Company and certain Investors are parties to that certain Series D Preferred
Stock Purchase Agreement dated the same date as this Agreement (the “Purchase Agreement”) pursuant to which the Company has agreed to sell, and certain Investors have agreed to purchase, shares of the Company’s
Series D Preferred Stock (and together with the Series -A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock, the “Preferred Stock”); 

WHEREAS, the Company’s and certain Investors’ respective obligations under the Purchase Agreement are conditioned upon
the execution and delivery of this Agreement by such Investors, Prior Investors holding a majority of the “Registrable Securities” as defined in the Prior Rights Agreement and the Company; and 

WHEREAS, in connection with the purchase by certain Investors of the Series D Preferred Stock pursuant to the Purchase
Agreement, the Company desires to grant to such Investors certain information rights, registration rights and preemptive rights with respect to the stock of the Company held by them. 

 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises
hereinafter set forth, the parties hereby agree that the Prior Rights Agreement shall be amended and restated in its entirety by this Agreement, and the parties hereto further agree as follows. 

A.        The Prior Investors hereby waive the pre-emptive rights, including any notice requirement, as set forth
in Section 11 of the Prior Agreement with respect to the Series D Preferred Stock issued under the Purchase Agreement. 
 1.           Certain Definitions. 
 As used in this Agreement, the following terms shall have the following respective meanings: 
 1.1        “Board” means the Board of Directors of the Company. 
 1.2        “Commission” or “SEC’ means the Securities and Exchange Commission or any successor agency. 

1.3        “Common Stock” shall mean the Company’s Common Stock,
$0.0001 par value, and shares of Common Stock issued or issuable upon conversion of the Company’s outstanding shares of the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and/or Series D
Preferred Stock. 
 1.4        “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 
 1.5        “Form
S-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC, which permits inclusion or incorporation of substantial information by
reference to other documents filed by the Company with the SEC. 

1.6        “Fully Diluted Basis” means all shares of Common Stock
outstanding and all shares of Common Stock then issuable upon (a) conversion of the Series A Preferred Stock then outstanding, (b) conversion of the Series B Preferred Stock then outstanding, (c) conversion of the
Series C Preferred Stock then outstanding, (d) conversion of the Series D Preferred Stock then outstanding, (e) exercise or conversion of any options, warrants, and other derivative securities then outstanding and (0 the exercise
or conversion of any other then outstanding securities or indebtedness of the Company pursuant to which Common Stock may be issued. 
 1.7        “Holder” means any person owning or having the right to acquire Registrable Securities or any assignee thereof in accordance with
Section 6 or Section 13.8 hereof. 

1.8        “Participating Holders” means Holders participating, or
electing to participate, in an offering of Registrable Securities. 

1.9        “Preferred Stock” shall mean the Series A Preferred
Stock, the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock. 

  
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 1.10      “Qualified IPO” means the
Company’s firmly underwritten public offering of the Company’s shares of Common Stock in connection with which all outstanding shares of Preferred Stock of the Company are converted to Common Stock. 

1.11      “Registrable Securities” means (i) the Common Stock issuable or
issued upon conversion of any Series A Preferred Stock (other than the SVB Shares), Series B Preferred Stock, Series C Preferred Stock or Series D Preferred Stock held by the Investors, (ii) any Common Stock of the Company
issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of the shares referenced in (i) above
(other than the SVB Shares), and (iii) any Common Stock of the Company issued by way of a stock split of the shares referenced in (i) or (ii) above (other than the SVB Shares), excluding in all cases, however, any Registrable
Securities sold by a person in a transaction in which its, his or her rights under this Agreement are not assigned in accordance with Section 6 or Section 13.8; provided, however, that the SVB Shares shall be
deemed to be and shall constitute “Registrable Securities” for purposes of (and only for purposes of) Section 3. Notwithstanding the foregoing, such Common Stock or other securities shall only be treated as Registrable
Securities if and so long as they have not been (A) sold to or through a broker or dealer or underwriter, in a registered securities transaction or (B) sold in a transaction exempt from the registration and prospectus delivery requirements
of the Securities Act under Section 4(1) thereof so that all transfer restrictions, and restrictive legends with respect thereto, if any, are removed upon the consummation of such sale. 

1.12      The terms “register,” “registered” and
“registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act; and the declaration or ordering of the effectiveness of such registration statement. 

1.13      “Registration Expenses” mean all expenses (other than Selling Expenses)
arising from or incident to the performance of, or compliance with, Sections 2, 3 or 4 including, without limitation, (i) SEC, stock exchange, NASD and other registration, qualification and filing fees, (ii) all fees and
expenses incurred in connection with complying with any securities or blue sky laws, (iii) all printing, messenger and delivery expenses, (iv) the fees, charges and disbursements of counsel to the Company and of its independent public
accountants and any other accounting and legal fees, charges and expenses incurred by the Company (including, without limitation, any expenses arising from any special audits or “comfort letters” required in connection with or incident to
any registration), (v) the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or the NASDAQ National Market and (vi) Securities Act liability insurance (if the Company elects
to obtain such insurance), regardless of whether any Registration Statement filed in connection with such registration is declared effective. “Registration Expenses” shall also include the fees, charges and disbursements of
one (1) counsel to all of the Participating Holders participating in any underwritten public offering pursuant to Sections 2, 3 or 4 (which shall be selected by a majority, based on the number of Registrable Securities to be sold,
of the Participating Holders); provided, however, that such fees, charges and disbursements of counsel to the Participating Holders shall not exceed $50,000. 

  
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 1.14      “Registration Statement”
shall mean any registration statement of the Company filed with the SEC on the appropriate form pursuant to the Securities Act which covers any of the shares of Common Stock and any other Registrable Securities pursuant to the provisions of this
Agreement and all amendments and supplements to any such Registration Statement, including post-effective amendments, in each case including the prospectus contained therein, all exhibits thereto and all materials incorporated by reference therein.

 1.15      “Securities Act” means the Securities Act of 1933, as
amended. 
 1.16      “Selling Expenses” means all underwriting
discounts, selling commissions and stock transfer taxes applicable to the securities registered by the Participating Holders and any expenses of counsel or other advisors to the Participating Holders which are not covered under, or are in excess of
the limits set forth in, the definition of Registration Expenses. 

1.17      “Series A Preferred Stock” means the Series A Preferred Stock,
par value $0.0001, of the Company. 
 1.18      “Series B Preferred
Stock” means the Series B Preferred Stock, par value $0.0001, of the Company. 

1.19      “Series C Preferred Stock” means the Series C Preferred Stock,
par value $0.0001, of the Company. 
 1.20      “Series D Preferred
Stock” means the Series D Preferred Stock, par value $0.0001, of the Company. 

1.21      “SVB Shares” means shares of Common Stock issued or issuable upon
conversion of the Series A Preferred Stock issued or issuable upon exercise of that certain Warrant to purchase stock dated September 20, 2004, issued by the Company to Silicon Valley Bank, and any shares of Common Stock issued by way of a
stock split of the shares referenced in the foregoing. 

1.22      “Transfer” means any sale, assignment, encumbrance, hypothecation,
pledge, conveyance in trust, gift, transfer by request, devise or descent, or other transfer or disposition of any kind, including, but not limited to, transfers to receivers, levying creditors, trustees or receivers in bankruptcy proceedings or
general assignees for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly. 

1.23      “Valid Business Reason” shall have the meaning set forth in
Section 2.5.1. 
 2.            Demand
Registration. 
 2.1        Request by Holders.   If the
Company receives at any time after the earlier of (i) December 31, 2009, and (ii) one hundred and eighty (180) days after the closing of the Company’s first firmly underwritten public offering of its shares of Common Stock,
a written request from Holders of Registrable Securities (the “Requesting Holders”) that the Company register at least forty percent (40%) of the Registrable Securities (as adjusted for any stock dividends, combinations,
splits, recapitalizations and the like) originally covered by this Agreement 

  
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which, in the aggregate, have a reasonably anticipated gross offering price to the public (net of Selling Expenses) of not less than $5,000,000 (a “Demand Request”), then
the Company shall, within ten (10) days after receipt of such Demand Request, give written notice of such request (“Request Notice”) to all Holders. Each Demand Request shall (i) specify the number of Registrable
Securities that the Requesting Holders intend to sell or dispose of pursuant to the Demand Request, and (ii) state the intended method or methods of sale or disposition of the Registrable Securities. Following receipt of a Demand Request, the
Company shall: 
 2.1.1    cause to be filed or confidentially submitted, as soon as practicable, but
within ninety (90) days of the date of delivery to the Company of the Demand Request, a Registration Statement covering such Registrable Securities which the Company has been so requested to register by the Requesting Holders and all or such
portion of the Registrable Securities of any other Holders which such Holders’ request the Company be registered, as specified in a notice to the Company given within twenty (20) days of the mailing of the Request Notice, providing for the
registration under the Securities Act of such Registrable Securities to the extent necessary to permit the disposition of such Registrable Securities in accordance with the intended method of distribution specified in such Demand Request; and

 2.1.2    use its reasonable best efforts to have such Registration Statement declared effective by the
SEC as soon as practicable thereafter. 
 2.2         Effective Registration
Statement.  A registration requested pursuant to this Section 2 shall not be deemed to have been effected (i) unless a Registration Statement with respect thereto has become effective (unless the failure of such
Registration Statement to become effective shall be attributable solely to one or more Participating Holders) and remained effective in compliance with the provisions of the Securities Act with respect to the disposition of all Registrable
Securities covered by such Registration Statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the Holders thereof set forth in such Registration Statement;
provided, however, that such period shall not exceed one hundred and eighty (180) days; (ii) if, after it has become effective, such registration is interfered with by any stop order, injunction or other order or requirement
of the SEC or other governmental agency or court for any reason not attributable solely to the Participating Holders which was thereafter not removed, or if the offering of Registrable Securities is not consummated for any reason or due to factors
beyond the control of Participating Holders; (iii) if the conditions to closing specified in the underwriting agreement, if any, entered into in connection with such registration are not satisfied or waived (unless a substantial cause of such
conditions to closing not being satisfied shall be attributable solely to one or more Participating Holders); or (iv) if the Requesting Holders are cut back to fewer than twenty percent (20%) of the Registrable Securities requested to be
registered. 
 2.3         Selection of Underwriters.  In the event
that the Company is required to file a Registration Statement covering any Registrable Securities of any Requesting Holders pursuant to Section 2 and the proposed public offering is to be an underwritten public offering, the managing
underwriter shall be one or more reputable nationally recognized investment banks selected by the Company, but subject to the approval of a majority in interest of the Participating Holders, which shall not be unreasonably withheld. All
Participating Holders pro-posing to distribute their securities 

  
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through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting. 

2.4         Priority for Demand Registration.  Notwithstanding any other
provision of this Section 2, if the managing underwriter of an underwritten public offering determines and advises the Participating Holders and the Company in writing that the inclusion of all securities proposed to be included by the
Company and any other holders in the underwritten public offering would materially and adversely interfere with the successful marketing of the Participating Holders’ Registrable Securities, then the Company, the other holders and the
Participating Holders shall not be permitted to include any securities in excess of the amount, if any, of securities which the managing underwriter of such underwritten public offering shall reasonably and in good faith agree in writing to include
in such public offering. The securities to be included in a registration requested by the Requesting Holders pursuant to Section 2 shall be allocated: first, to the Participating Holders, second, to the Company and third, to any other
stockholders of the Company requesting registration of securities of the Company. To the extent that the amount of Registrable Securities to be registered for the Participating Holders is so required to be reduced pursuant to this
Section 2.4, the Company will be obligated to include in such Registration Statement, as to each Participating Holder, only a portion of the Registrable Securities such Holder has requested be registered equal to the ratio which such
Holder’s requested Registrable Securities bears to the total number of Registrable Securities requested to be included in such Registration Statement by all Participating Holders who have requested that their Registrable Securities be included
in such Registration Statement. No stockholder or prospective stockholder of the Company shall be granted demand registration rights without the consent of the Holders of at least a majority of the Registrable Securities, except pursuant to this
Agreement. 
 2.5         Limitations on Demand Registrations to the
Participating Holders. 
 2.5.1      The Company may delay making a filing of a Registration
Statement or taking action in connection therewith if the Company provides to the Participating Holders a written certificate signed by the President or Chief Executive Officer of the Company, prior to the time it would otherwise have been required
to file or confidentially submit such Registration Statement pursuant to this Section 2, stating that the Board has determined in good faith that the filing or confidential submission of such Registration Statement would be seriously
detrimental to the Company, including as a result of a financing, acquisition, disposition, merger or other material transaction (collectively, a “Valid Business Reason”); provided, however, that such right to
delay a Demand Request under this Section 2.5.1 shall be exercised by the Company not more than twice in any twelve (12) month period and the Company shall only have the right to delay a Demand Request on each occasion for a period
not to exceed ninety (90) days individually, or one hundred twenty (120) days in the aggregate, after the receipt of the Demand Request, and during such time, the Company may not file a Registration Statement for securities to be issued
and sold for its own account or for that of anyone other than the Holders (except and to the extent such filing is necessary due to such Valid Business Reason). 
 2.5.2      The Company shall only be obligated to effect two (2) Demand Requests pursuant to this Section 2, provided, however, (i) the
Holders agree not to make a Demand Request until one hundred eighty (180) days after the effective date of any registration statement 

  
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filed by the Company for an offering of its securities, and (ii) the Company shall not be obligated to effect a Demand Request if it delivers written notice to the Requesting Holders within
thirty (30) days of its receipt of any Demand Request of its intent to file a registration statement for an offering of its securities within sixty (60) days of the date it provides such notice. Any Demand Request shall not be counted as
one of the two (2) Demand Requests unless such registrations have been declared and ordered effective. 

  2.5.3      The Company shall not be required to comply with a Demand Request if the
Participating Holders propose to dispose of Registrable Securities which may be immediately registered on Form S-3 pursuant to a request made under Section 4 hereof. 

2.6        Cancellation of Registration.  A majority in interest of the
Participating Holders shall have the right to cancel a proposed registration of Registrable Securities pursuant to this Section 2 when the request for cancellation is based upon material adverse information relating to the Company that
is different from the information known to the Participating Holders at the time of the Demand Request. Such cancellation of a registration shall not be counted as one of the two (2) Demand Requests. 

3.           Piggyback Registrations. 

3.1        Right to Include Registrable Securities.  Each time that the Company
proposes for any reason to register any of its Common Stock under the Securities Act, either for its own account or for the account of a stockholder or stockholders exercising demand registration rights, other than Demand Requests pursuant to
Section 2 hereof, or Registration Statements on Forms S-4 or S-8 (or similar or successor forms) (a “Proposed Registration”), the Company shall promptly give written notice of such Proposed Registration to all of
the Holders of Registrable Securities (which notice shall be given in no event less than thirty (30) days prior to the expected effective date of the Company’s Registration Statement) and shall offer such Holders the right to request
inclusion of any of such Holder’s Registrable Securities in the Proposed Registration. No registration pursuant to this Section 3 shall relieve the Company of its obligation to register Registrable Securities pursuant to a Demand
Request, as required by Section 2 hereof. The rights to piggyback registration may be exercised on an unlimited number of occasions. 
 3.2        Piggyback Procedure.  Each Holder of Registrable Securities shall have twenty (20) days from the date of receipt of the
Company’s notice referred to in Section 3.1 above to deliver to the Company a written request specifying the number of Registrable Securities such Holder intends to sell and such Holder’s intended method of disposition. Any
Holder shall have the right to withdraw such Holder’s request for inclusion of such Holder’s Registrable Securities in any Registration Statement pursuant to this Section 3 by giving written notice to the Company of such
withdrawal; provided, however, that the Company may ignore a notice of withdrawal made within less than one full business day prior to the date the Registration Statement is scheduled to become effective. Subject to
Section 3.4 below, the Company shall use its reasonable best efforts to include in such Registration Statement all such Registrable Securities so requested to be included therein; provided, however, that the Company may at
any time withdraw or cease proceeding with any such Proposed Registration if it shall at the same time withdraw or cease proceeding with the registration of all other shares of Common Stock originally proposed to be registered. 

  
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 3.3        Selection of Underwriters.
 The managing underwriter for any Proposed Registration that involves an underwritten public offering shall be one or more reputable nationally recognized investment banks selected by the Company. 

3.4        Priority for Piggyback Registration. 

  3.4.1    Notwithstanding any other provision of this Section 3, if the managing underwriter
of an underwritten public offering determines and advises the Company and the Holders in writing that the inclusion of all Registrable Securities proposed to be included by the Holders of Registrable Securities in the underwritten public offering
would materially and adversely interfere with the successful marketing of the Company’s securities in the Proposed Registration, then the Holders of Registrable Securities shall not be permitted to include any Registrable Securities in excess
of the amount, if any, of Registrable Securities which the managing underwriter of such underwritten public offering shall reasonably and in good faith agree in writing to include in such public offering in addition to the amount of securities to be
registered for the Company. Upon such an event, the Company will be obligated to include in such Registration Statement, as to each Holder, only a portion of the Registrable Securities such Holder has requested be registered equal to the ratio which
such Holder’s requested Registrable Securities bears to the total number of Registrable Securities requested to be included in such Registration Statement by all Holders who have requested that their Registrable Securities be included in such
Registration Statement, and no party, other than the Company and the Holders of Registrable Securities, shall be permitted to include their shares of Registrable Securities in any such Proposed Registration. The securities to be included in a
Proposed Registration initiated by the Company shall be allocated: first, to the Company; second, pari passu to the Holders, and third, to any others requesting registration of securities of the Company. 

  3.4.2    Notwithstanding any portion of the foregoing to the contrary, in no event shall the shares to
be sold by the Holders of Registrable Securities be reduced below twenty percent (20%) of the total amount of securities included in the Proposed Registration provided, however, that in the case of the Qualified IPO, if the
managing underwriter for the Qualified IPO determines and advises the Company that, in its judgment, the offering can be marketed more successfully if all shares held by stockholders of the Company (including the Holders) are excluded from the
Registration Statement, and the Company’s Board of Directors unanimously approves such exclusion, then for the Qualified IPO the Company shall be entitled to exclude all Registration Securities from the Registration Statement, so long as all
securities of the Company held by any other stockholder of the Company are similarly excluded. No stockholder or prospective stockholder of the Company shall be granted piggyback registration rights which would reduce the number of shares to be
included by the Holders of the Registrable Securities in such registration without the consent of the Holders of at least a majority of the Registrable Securities. 
   3.4.3    If as a result of the provisions of this Section 3.4, any Holder shall not be entitled to include more than 50% of its Registrable Securities in a
registration that such Holder has requested to be so included, such Holder may withdraw such Holder’s request to include Registrable Securities in such Registration Statement. 

  
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 3.5        Underwritten Offering.  In
the event that the Proposed Registration by the Company is, in whole or in part, an underwritten public offering of securities of the Company, any request under this Section 3 shall specify that the Registrable Securities be included in
the underwriting on the same terms and conditions as the shares, if any, otherwise being sold through the underwriters under such registration. The Holders of Registrable Securities participating in any registration pursuant to Section 3
shall be parties to the underwriting agreement entered into by the Company and any other selling stockholders in connection therewith containing such representations and warranties by the Company and such participating sellers and such other terms
and provisions as are customarily contained in underwriting agreements with respect to secondary distributions, including, without limitation, customary indemnity and contribution provisions; provided, however, that the liability of
each Holder in respect of any indemnification, contribution or other obligation of such Holder arising under such underwriting agreement (i) shall be limited to losses arising out of or based upon an untrue statement or alleged untrue statement
or omission or alleged omission made in such registration statement, any such preliminary prospectus, final prospectus, summary prospectus, amendment or supplement, incorporated document or other such disclosure document or other document or report,
in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder expressly for inclusion therein and (ii) shall not in any event exceed an amount equal to the net proceeds to such Holder (after
deduction of all underwriters’ discounts and commissions) from the disposition of the Registrable Securities disposed of by such Holder pursuant to such registration. 
 3.6        No Effect on Demand Registration.  No registration effected pursuant to a request under this Section 3 shall be deemed to have
been effected pursuant to Section 2 or shall relieve the Company of its obligation to effect any registration upon request under Section 2. 
 4.           Demand Registration on Form S-3. 
 4.1        Request by Holders.  After its Qualified IPO, the Company shall use its reasonable best efforts to qualify for registration for resales on
Form S-3. After the Company has qualified for the use of Form S-3, in addition to the rights contained in the foregoing provisions of Section 3, the Holders of Registrable Securities shall have the right to request registrations on Form
S-3 (or similar or successor form) covering the sale or other distribution of Registrable Securities (“Form S-3 Demand”) if the reasonably anticipated aggregate gross proceeds would equal or exceed $1,000,000. If such
condition is met, the Company shall (A) promptly give written notice of the proposed registration, and any related qualifications and compliance, to all other Holders; and (B) use its reasonable best efforts to, as soon as practicable,
register under the Securities Act on Form S-3 (or any similar or successor form) for sale in accordance with the method of disposition specified in the Form S-3 Demand, the number of Registrable Securities specified by all such Holders. In
connection with a Form S-3 Demand, the Company agrees to include in the prospectus included in any Registration Statement on Form S3, such material describing the Company to the extent the rules applicable to preparation of Form S-3 require the
inclusion of such information. 

  
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 4.2        Delay in Form S-3 Registration.
 Notwithstanding Section 4.1, the Company may delay making a filing of a Registration Statement on Form S-3 or taking action in connection therewith if the Company provides to the Participating Holders a written certificate signed
by the President or Chief Executive Officer of the Company, prior to the time it would otherwise have been required to file or confidentially submit such Registration Statement, stating that the Board has determined in good faith that the filing or
confidential submission of such Registration Statement would be seriously detrimental to the Company as a result of a Valid Business Reason; provided, however, that such right to delay a Form S-3 Demand under this
Section 4.2 shall be exercised by the Company not more than twice in any twelve (12) month period and the Company shall only have the right to delay a Form S-3 Demand on each occasion for a period not to exceed ninety (90) days
individually, or one hundred twenty (120) days in the aggregate, after the receipt of the Form S-3 Demand, and during such time, the Company may not file a Registration Statement for securities to be issued and sold for its own account or for
that of anyone other than the Holders (except and to the extent such filing is necessary due to such Valid Business Reason). 

4.3        Limitation on Number of Form S-3 Demands.  The Company shall only be
obligated to effect two (2) Form S-3 Demands pursuant to this Section 4 within any twelve (12) month period, and the Holders agree not to make a request for a Form S-3 Demand until six (6) months after the effective date
of any registration statement (not including any registration statement on Form S-4 or Form S-8) filed by the Company for an offering of its securities. Any request for a Form S-3 Demand shall not be counted as one of the two (2) Form S-3
Demands unless such registration has been declared and ordered effective and remains effective in accordance with Section 2.2. 
 4.4        No Effect on Demand Registration. No registration effected pursuant to a request under this Section 4 shall be deemed to have
been effected pursuant to Section 2 or shall relieve the Company of its obligation to effect any registration upon request under Section 2. 
 5.           Registration Procedures 
 5.1        Obligations of the Company.  Whenever registration of Registrable Securities is required pursuant to this Agreement, the Company shall use
its reasonable best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of distribution thereof as promptly as possible, and in connection with any such request, the Company shall, as
expeditiously as possible: 
 5.1.1    Preparation of Registration Statement; Effectiveness.
 Use its reasonable best efforts to prepare and file with the SEC (in any event not later than ninety (90) days after receipt of a Demand Request or not later than twenty (20) days after receipt of a Form S-3 Demand to file a
Registration Statement with respect to Registrable Securities, or such longer period (not to exceed one hundred twenty (120) days after such receipt) as the Company may in good faith require), a Registration Statement on any form on which the
Company then qualifies, which counsel for the Company shall deem appropriate and pursuant to which such offering may be made in accordance with the intended method of distribution thereof (except that the Registration Statement shall contain such
information as may reasonably be requested for marketing or other purposes by the managing underwriter), and use its reasonable best efforts to cause any registration required 

  
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hereunder to become effective as soon as practicable after the initial filing thereof and remain effective for a period of not less than one hundred and eighty (180) days (or such shorter
period in which all Registrable Securities have been sold in accordance with the methods of distribution set forth in the Registration Statement); provided, however, that, in the case of any registration of Registrable Securities on
Form S-3 which are intended to be offered on a continuous or delayed basis, such one hundred eighty (180) day period shall be extended, if necessary, to keep the Registration Statement effective until all such Registrable Securities are sold,
provided that Rule 415, or any successor rule under the Securities Act, permits an offering on a continuous or delayed basis; 
 5.1.2    Participation in Preparation.  Provide any Participating Holder, any underwriter participating in any disposition pursuant to a Registration Statement, and any
attorney, accountant or other agent retained by any Participating Holder or underwriter (each, an “Inspector” and, collectively, the “Inspectors”), the opportunity to participate (including, but not
limited to, reviewing, commenting on and attending all meetings) in the preparation of such Registration Statement, each prospectus included therein or filed with the SEC and each amendment or supplement thereto; 

5.1.3    Due Diligence.  For a reasonable period prior to the filing of any Registration Statement
pursuant to this Agreement, make available for inspection and copying by the Inspectors such financial and other information and books and records, pertinent corporate documents and properties of the Company and its subsidiaries and cause the
officers, directors, employees, counsel and independent certified public accountants of the Company and its subsidiaries to respond to such inquiries and to supply all information reasonably requested by any such Inspector in connection with such
Registration Statement, as shall be reasonably necessary, in the judgment of the respective counsel referred to in Section 5.1.2, to conduct a reasonable investigation within the meaning of the Securities Act; provided,
however, that if requested by the Company, each Inspector shall enter into a confidentiality agreement with the Company prior to participating in the preparation of the Registration Statement or the Company’s release or disclosure of
confidential information to such Inspector; 
 5.1.4    General Notifications.  Promptly notify
in writing the Participating Holders, the sales or placement agent, if any, therefor and the managing underwriter of the securities being sold, (i) when such Registration Statement or the prospectus included therein or any prospectus amendment
or supplement or post-effective amendment has been filed, and, with respect to any such Registration Statement or any post-effective amendment, when the same has become effective, (ii) when the SEC notifies the Company whether there will be a
“review” of such Registration Statement and (iii) of any request by the SEC for any amendments or supplements to such Registration Statement or the prospectus or for additional information; 

5.1.5    10b-5 Notification.  Promptly notify in writing the Participating Holders, the sales or
placement agent, if any, therefor and the managing underwriter of the securities being sold pursuant to any Registration Statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act upon discovery
that, or upon the happening of any event as a result of which, any prospectus included in such Registration Statement (or amendment or supplement thereto) contains an untrue statement of a material fact or omits to state any material fact

  
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required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they were made, and the Company shall promptly prepare a
supplement or amendment to such prospectus and file it with the SEC (in any event no later than ten (10) days following notice of the occurrence of such event to each Participating Holder, the sale or placement agent and the managing
underwriter) so that after delivery of such prospectus, as so amended or supplemented, to the purchasers of such Registrable Securities, such prospectus, as so amended or supplemented, shall not contain an untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they were made; 
 5.1.6    Notification of Stop Orders; Suspensions of Qualifications and Exemptions.  Promptly notify in writing the Participating Holders, the sales or placement agent, if
any, therefor and the managing underwriter of the securities being sold of the issuance by the SEC of (i) any stop order issued or threatened to be issued by the SEC or (ii) any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose and the Company agrees to use its reasonable best efforts to
(x) prevent the issuance of any such stop order, and in the event of such issuance, to obtain the withdrawal of any such stop order and (y) obtain the withdrawal of any order suspending or preventing the use of any related prospectus or
suspending the qualification of any Registrable Securities included in such Registration Statement for sale in any jurisdiction at the earliest practicable date; 
 5.1.7    Amendments and Supplements; Acceleration.  Prepare and file with the SEC such amendments, including post-effective amendments to each Registration Statement as may
be necessary to keep such Registration Statement continuously effective for the applicable time period required hereunder; cause the related prospectus to be supplemented by any required prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; and comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all securities covered by such
Registration Statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such Registration Statement as so amended or in such prospectus as so supplemented. If a majority in interest of the
Participating Holders so request, to request acceleration of effectiveness of the Registration Statement from the SEC; provided that at the time of such request, the Company does not in good faith believe that it is necessary to amend further the
Registration Statement in order to comply with the provisions of this subparagraph. If the Company wishes to further amend the Registration Statement prior to requesting acceleration, it shall have five (5) business days to so amend prior to
requesting acceleration; 
 5.1.8    Copies.  Furnish as promptly as practicable to each
Participating Holder and Inspector prior to filing a Registration Statement or any supplement or amendment thereto, copies of such Registration Statement, supplement or amendment as it is proposed to be filed, and after such filing such number of
copies of such Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto), the prospectus included in such Registration Statement (including each preliminary prospectus) and such other documents as
each such Participating Holder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Participating Holder; 

  
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 5.1.9    Blue Sky.  Use its reasonable best efforts to,
prior to any public offering of the Registrable Securities, register or qualify (or seek an exemption from registration or qualifications) such Registrable Securities under such other securities or blue sky laws of such jurisdictions as any
Participating Holder or underwriter may request, and to continue such qualification in effect in each such jurisdiction for as long as is permissible pursuant to the laws of such jurisdiction, or for as long as a Participating Holder or underwriter
requests or until all of such Registrable Securities are sold, whichever is shortest, and do any and all other acts and things which may be reasonably necessary or advisable to enable any Participating Holder to consummate the disposition in such
jurisdictions of the Registrable Securities; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in
any such states or jurisdictions, but for this subparagraph; 
 5.1.10    Other Approvals.  Use
its reasonable best efforts to obtain all other approvals, consents, exemptions or authorizations from such governmental agencies or authorities as may be necessary to enable the Participating Holders and underwriters to consummate the disposition
of Registrable Securities; 
 5.1.11    Agreements.  Enter into customary agreements (including
any underwriting agreements in customary form), and take such other actions as may be reasonably required in order to expedite or facilitate the disposition of Registrable Securities; 

5.1.12    “Cold Comfort” Letter.  Obtain a “cold comfort” letter from the
Company’s independent public accountants in customary form and covering such matters of the type customarily covered by “cold comfort” letters as the managing underwriter may reasonably request, and reasonably satisfactory to a
majority in interest of the Participating Holders; 
 5.1.13    Legal Opinion.  Furnish, at the
request of any underwriter of Registrable Securities on the date such securities are delivered to the underwriters for sale pursuant to such registration, an opinion, dated such date, of counsel representing the Company for the purposes of such
registration, addressed to the Holders, and the placement agent or sales agent, if any, thereof and the underwriters, if any, thereof, covering such legal matters with respect to the registration in respect of which such opinion is being given as
such underwriter may reasonably request and as are customarily included in such opinions, and reasonably satisfactory to a majority in interest of the Participating Holders; 
 5.1.14    SEC Compliance, Earnings Statement.  Use its reasonable best efforts to comply with all applicable rules and regulations of the SEC and make available to its
stockholders, as soon as reasonably practicable, but no later than eighteen (18) months after the effective date of any Registration Statement, an earnings statement covering a period of twelve (12) months beginning after the effective
date of such Registration Statement, in a manner which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

  
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 5.1.15    Certificates, Closing.  Provide officers’
certificates and other customary closing documents; 
 5.1.16    NASD.  Cooperate with each
Participating Holder and each underwriter participating in the disposition of such Registrable Securities and underwriters’ counsel in connection with any filings required to be made with the NASD; 

5.1.17    Road Show.  Cause appropriate officers as are requested by an managing underwriter to
participate in a “road show” or similar marketing effort being conducted by such underwriter with respect to an underwritten public offering; 
 5.1.18    Listing.  Use its reasonable best efforts to cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by
the Company are then listed and if not so listed, to be listed on the NASD automated quotation system; 

5.1.19    Transfer Agent, Registrar and CUSIP.  Provide a transfer agent and registrar for all
Registrable Securities registered pursuant hereto and a CUSIP number for all such Registrable Securities, in each case, no later than the effective date of such registration; 
 5.1.20    Private Sales.  Use its reasonable best efforts to assist a Holder in facilitating private sales of Registrable Securities by, among other things, providing
officers’ certificates and other customary closing documents reasonably requested by a Holder; and 

5.1.21    Reasonable Best Efforts.  Use its reasonable best efforts to take all other actions necessary
to effect the registration of the Registrable Securities contemplated hereby. 

5.2         Seller Information.  The Company may require each Participating
Holder as to which any registration is being effected to furnish the Company with such information regarding such Participating Holder and such Participating Holder’s method of distribution of such Registrable Securities as the Company may from
time to time reasonably request in writing. If a Participating Holder refuses to provide the Company with any of such information on the grounds that it is not necessary to include such information in the Registration Statement, the Company may
exclude such Participating Holder’s Registrable Securities from the Registration Statement if the Company, in good faith, believes that such information should be included in the Registration Statement and such Participating Holder continues
thereafter to withhold such information. The exclusion of a Participating Holder’s Registrable Securities shall not affect the registration of the other Registrable Securities to be included in the Registration Statement. 

5.3         Notice to Discontinue.  Each Participating Holder whose Registrable
Securities are covered by a Registration Statement filed pursuant to this Agreement agrees that, upon receipt of written notice from the Company of the happening of any event of the kind described in Section 5.1.5, such Participating
Holder shall use best efforts to forthwith discontinue the disposition of Registrable Securities until such Participating Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 5.1.5 or
until it is advised in writing by the Company that the use of the prospectus may be resumed and has received copies of any additional or supplemental filings which are incorporated by reference into the prospectus, and, if so directed by

  
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the Company in the case of an event described in Section 5.1.5, such Participating Holder shall deliver to the Company (at the Company’s expense) all copies, other than permanent
file copies then in such Participating Holder’s possession, of the prospectus covering such Registrable Securities which is current at the time of receipt of such notice. If the Company shall give any such notice, the Company shall extend the
period during which such Registration Statement is to be maintained effective by the number of days during the period from and including the date of the giving of such notice pursuant to Section 5.1.5 to and including the date when the
Participating Holder shall have received the copies of the supplemented or amended prospectus contemplated by, and meeting the requirements of, Section 5.1.5. 
 5.4        Registration Expenses.  Except as otherwise provided herein, all Registration Expenses shall be borne by the Company; provided,
however, that the Company shall not be required to pay for any Registration Expenses of any registration proceeding commenced as a result of a Demand Request that is subsequently withdrawn or canceled by that number of Participating Holders
such that there are no longer sufficient Participating Holders to make a Demand Request (i.e., the Participating Holders hold less than twenty percent (20%) of the Registrable Securities), in which case the Participating Holders shall bear such
Registration Expenses pro rata on the basis of the number of shares proposed to be registered; unless at the time of such withdrawal, the Participating Holders have learned of a material adverse change in the condition, business or prospects of the
Company from that known to the Participating Holders at the time of their request or such registration is withdrawn after being deferred pursuant to Sections 2.5.1 or 4.2, then the Participating Holders shall not be required to
pay any of such Registration Expenses. All Selling Expenses relating to Registrable Securities registered shall be borne by the Participating Holders of such Registrable Securities pro rata on the basis of the number of shares so registered.

 6.           Transfer of Registration Rights.  The
rights granted under this Agreement to a Holder, including without limitation, the right to cause the Company to register securities, to participate in a registration of the Company or to receive information of the Company pursuant to
Section 10, may be assigned by a Holder only to a transferee or assignee of such securities which is a (a) subsidiary, parent, affiliate, general partner, limited partner, retired partner, member or retired member of the Holder,
(b) family member of a Holder or trust for the benefit of any Holder that is a natural person or any family member thereof, (c) charitable institution, or (d) any transferee or assignee acquiring not less than 1,500,000 shares of
Registrable Securities (as adjusted for any stock dividends, combinations, splits, recapitalizations or the like with respect to such shares); provided, however, (i) the transferor shall have furnished to the Company written
notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned, and (ii) to the extent that such transferee is not already a party hereto, such transferee shall
agree to be bound by all of the terms, and subject to all restrictions, set forth in this Agreement, and shall thereby become a Holder under the terms of this Agreement and (iii) any such transfer by gift to a charitable institution shall be
subject to the following: (A) no such charitable institution transferee shall be entitled to the rights granted herein to Major Investors but not other Holders, whether or not the number of shares of Series A Preferred Stock, Series B
Preferred Stock, Series C Preferred Stock or Series D Preferred Stock transferred by gift to such transferee would be sufficient to qualify such transferee as a Major Investor and (B) the terms governing such transfer by gift shall
provide that in the event of any registration or other event as to which such charitable institution transferee may be entitled to notice or to participate, the Company shall be entitled to 

  
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send any such notices to the transferor and deal only with the transferor, who shall be solely responsible for providing notice, arranging for signatures on documents and otherwise acting as an
administrative agent for such charitable institution with respect to such institution’s rights under this agreement. With respect to transfers or assignments of rights pursuant to clauses (a), (b) and (c) hereof, the failure by any
Holder to comply with clauses (i) and (ii) hereof shall not be deemed a breach of this Agreement, however, upon the receipt of notice by Holder from the Company of such failure to comply, Holder, and its transferee or assignee, shall use
their commercially reasonable efforts to provide to the Company the requisite notice and joinder, as applicable, in accordance with clauses (i) and (ii) hereof. In the event that a Holder transfers to more than one transferee, the
following shall apply: (A) wherever the provisions of this Agreement require notice to be given to a Holder, such notice will be deemed sufficiently given by notice to each original Holder of Preferred Stock and to each transferee that is a
Holder holding at least 1,500,000 shares of Registrable Securities (as adjusted for any stock dividends, combinations, splits, recapitalizations or the like with respect to such shares) at the date of such notice; and (B) wherever the
provisions of this Agreement require the consent of a Holder, such consent shall be deemed received by the consent of the original Holder of Preferred Stock, or the majority in interest of the transferees of a Holder’s Registrable Securities.

 7.        Termination of Registration Rights.  The rights
contained in Sections 2, 3, and 4 hereof shall terminate at the earlier of (a) five (5) years from the effective date of the Company’s first Registration Statement for a public offering of securities of the Company
or (b) with respect to a Holder, at such time that, in the opinion of the Company’s counsel, all Registrable Securities held, or issuable upon conversion of securities then held, by such Holder may be sold in a three (3) month period
without registration under the Securities Act pursuant to Rule 144, and such Registrable Securities represent less than one percent (1%) of all outstanding shares of the Company’s capital stock. 

8.        Holdback Agreements; Restrictions on Public Sale by Holders.  If
requested by the lead managing underwriter in connection with the Company’s initial public offering, each Holder of Registrable Securities agrees not to effect any public sale or distribution of any Registrable Securities being registered or of
any securities convertible into or exchangeable or exercisable for such Registrable Securities, including a sale pursuant to Rule 144 under the Securities Act, during a period of not more than one hundred eighty (180) days commencing on
the effective date of the Registration Statement, or, if required by such underwriter, such longer period of time as is necessary to enable such underwriter to issue a research report or make a public appearance that relates to an earnings release
or announcement by the Company within eighteen (18) days before or after the date that is one hundred eighty (180) days after the effective date of the Registration Statement, but in any event not to exceed two hundred ten (210) days
following the effective date of the Registration Statement (the “Lock-Up Period”), unless expressly authorized to do so by the lead managing underwriter; provided, however, all of the Company’s directors,
officers and shareholders owning five percent (5%) or more of the Company’s fully diluted voting stock agree to substantially similar terms; provided further the Holders shall not be required to sign lock-up agreements unless all of the
Company’s directors, officers and stockholders owning one percent (1%) or more of the Company’s fully diluted voting stock have signed lock-up agreements with the managing underwriters on substantially similar terms. Any such lock-up
agreements signed by the Holders shall contain reasonable and customary exceptions, including, without limitation, the right of a 

  
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Holder to make transfers to certain Affiliates and transfers related to shares of Common Stock owned by Holders as a result of open market purchases made in or following the closing of the IPO.
Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply to all Holders subject to such agreements pro rata based on the number of shares subject to such agreements.
The Company may impose stop-transfer instructions with respect to the shares of Common Stock or other securities subject to the foregoing restrictions until the end of the relevant period. 

9.           Indemnification 

9.1        Company Indemnification.  To the extent permitted by law, the Company
will indemnify each Holder, each of its officers, directors, employees, members and partners and such Holder’s legal counsel and independent accountants, and each person controlling such Holder within the meaning of Section 15 of
the Securities Act, with respect to whose securities registration, qualification or compliance has been effected pursuant to this Agreement, and each underwriter, if any, and each person who controls any underwriter within the meaning of
Section 15 of the Securities Act, against all expenses, claims, losses, damages and liabilities (or actions in respect thereof), joint or several, including any of the foregoing incurred in settlement of any litigation, (i) arising
out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, prospectus, offering circular or other document, or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, not misleading, or (ii) any violation or
alleged violation by the Company of any rule or regulation promulgated under the Securities Act, the Exchange Act, any state securities laws or any rule or regulation promulgated under any laws applicable to the Company and relating to action or
inaction required of the Company in connection with any such registration, qualification or compliance, and will reimburse each such Holder, each of its officers, directors, employees, members and partners and such Holder’s legal counsel and
independent accountants, and each person controlling such Holder, each such underwriter and each person who controls any such underwriter, for any legal and any other expenses reasonably incurred, as such expenses are incurred, in connection with
investigating, preparing or defending any such claim, loss, damage, liability or action, provided the Company shall not be liable for amounts paid in settlement of any claims if such settlement is made without the consent of the Company, which
consent shall not be unreasonably withheld, and that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out of or is based on any untrue statement or omission or alleged
untrue statement or omission, made in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Holder and related to such Holder specifically for use therein. 

9.2        Holder Indemnification.  To the extent permitted by law, each Holder
will, if Registrable Securities held by such Holder are included in the securities as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors and officers and its legal counsel and
independent accountants, each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities
Act, and each other such selling Holder, each of its officers and directors and each person controlling such Holder within 

  
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the meaning of Section 15 of the Securities Act, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement
(or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular or other document, or any omission (or alleged omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse the Company, such Holders, such directors, officers, employees, legal counsel, independent accountants, underwriters or control persons for any legal or any other expenses
reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged
omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written information furnished to the Company by an instrument duly executed by or on behalf of such Holder,
related to such Holder and stated to be specifically for use therein; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such claims, losses, damages or liabilities (or
actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld) and that the obligations of any such Holder hereunder shall be limited to an amount equal to the net
proceeds actually realized by such Holder upon the sale of those Registrable Securities which were covered by such registration statement, prospectus, offering circular or other document in which the alleged statement or omission appeared as
contemplated herein. 
 9.3        Notification of Claim.  Each party
entitled to indemnification under this Section 9 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) within ten
(10) business days after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom,
provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in
such defense at such party’s expense, and that the Indemnifying Party shall provide return notice to the Indemnified Party within ten 10 business days to the effect that such Indemnifying Party shall undertake the indemnification obligation
provided for herein; provided, however that the Indemnified Party (together with all other Indemnified Parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees
and expenses to be paid by the Indemnifying Party, if representation of such Indemnified Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between such Indemnified Party and
any other party represented by such counsel in such proceeding; and provided further-that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Agreement, except
to the extent, but only to the extent, that the Indemnifying Party’s ability to defend against such claim or litigation is materially impaired as a result of such failure to give notice. No Indemnifying Party, in the defense of any such claim
or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect of such claim or litigation. 

  
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 9.4        Contribution.  If the
indemnification provided for in Sections 9.1 and 9.2 is unavailable or insufficient to hold harmless an Indemnified Party thereunder, then each Indemnifying Party thereunder shall contribute to the amount paid or payable by such
Indemnified Party as a result of the losses, claims, damages, costs, expenses, liabilities or actions referred to in Sections 9.1 and 9.2 in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party
on the one hand and the Indemnified Party on the other in connection with statements, actions or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Party or the
Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statements or omission. The parties hereto agree that it would not be just and equitable if contributions
pursuant to this Section 9.4 were to be determined by pro rata or per capita allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the first sentence of this
Section 9.4. The amount paid by an Indemnified Party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this Section 9.4 shall be deemed to include any legal or other expenses
reasonably incurred by such Indemnified Party in connection with investigating or defending any action or claim which is the subject of this Section 9.4. Promptly after receipt by an Indemnified Party of notice of the commencement of any
action against such party in respect of which a claim for contribution may be made against an Indemnifying Party under Section 9.4, such Indemnified Party shall notify the Indemnifying Party in writing of the commencement thereof if the
notice specified in Section 9.3 has not been given with respect to such action; provided that the omission so to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which it may have to any
Indemnified Party otherwise under Section 9.4 except to the extent that the Indemnifying Party’s ability to defend against such action is materially impaired by such failure to give notice. The parties hereto agree with each other
and shall agree with the underwriters of the Common Stock of the Company pursuant to the terms hereof, if requested by such underwriters, that (i) the underwriters’ portion of such contribution shall not exceed the underwriting discount,
commission and other compensation and (ii) for a Holder, the amount of such contribution, when combined with any amounts paid by such Holder pursuant to Section 9.2, shall not exceed an amount equal to the proceeds received by such
Holder from the sale of securities in the offering to which the losses, claims, damages or liabilities of the indemnified parties relate. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 

9.5        Survival.  The obligations of the Company and the Holders under this
Section 9 shall survive the completion of any offering of Registrable Securities in a registration statement under Sections 2, 3 or 4 of this Agreement. 

  
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 10.        Responsibilities of
Disclosure 
 10.1       Rule 144 Reporting.  With a view to
making available the benefits of certain rules and regulations of the Commission (including Rule 144 under the Securities Act) which may at any time permit the sale of Registrable Securities to the public without registration, the Company
agrees to: 
 10.1.1  Public Information.  Make and keep public information regarding the Company
available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times after ninety (90) days from the effective date of the first registration under the Securities Act filed by the Company for an offering
of its securities to the general public or after the Company first becomes subject to the reporting requirements of the Exchange Act; 
 10.1.2  Filings with SEC.  File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at
any time after it has become subject to such reporting requirements); 
 10.1.3  Compliance
Statement.  Furnish to Holders of Registrable Securities forthwith upon request, (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144, and of the Securities Act and the
Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent
annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as a Holder of Registrable Securities may reasonably request in availing itself of any rule or regulation of the Commission allowing such
Holder to sell any such securities without registration; 
 10.1.4  Cooperation.  Cooperate with
Holders of Registrable Securities to permit such Holders to transfer their securities under Rule 144 including, without limitation, providing such documents, certificates of officers and opinions of counsel as may be reasonably requested by the
Company’s transfer agent or the Holder; and 
 10.1.5  Other Actions.  Take such action,
including the voluntary registration of its Common Stock under Section 12 of the Exchange Act, as is necessary to enable -the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as
practicable after the end of the fiscal year in which the first registration statement filed by the Company for the offering of its securities to the general public is declared effective. 

10.2       Reporting.  The Company shall furnish to any Holder of at least 500,000
shares of the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock or a combination thereof totaling at least 500,000 shares (in each case, as adjusted for any stock dividends,
combinations, splits, recapitalizations or the like with respect to such shares after the date hereof) (such Holder, a “Major Investor”) (i) not more than ninety (90) days after the end of each fiscal year, audited,
consolidated balance sheets of the Company and its subsidiaries, if any, as of the end of such fiscal year, audited, consolidated statements of income and changes in stockholders equity and audited, consolidated statements of cash flows of the
Company and its 

  
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subsidiaries, if any, for such year, all in reasonable detail and setting forth in each case in comparative form the respective figures for the corresponding date and period in the preceding
fiscal year, prepared in accordance with generally accepted accounting principles (“GAAP”), consistently applied, and accompanied by an opinion of the Company’s independent accountants (who shall be, in each case, a
nationally recognized firm or otherwise acceptable to the Board); and (ii) not more than thirty (30) days after the end of each fiscal quarter, unaudited, consolidated balance sheets of the Company and its subsidiaries, if any, as of the
end of such fiscal quarter, unaudited, consolidated statements of income and changes in stockholders equity, and unaudited, consolidated statements of cash flows of the Company and its subsidiaries, if any, for such quarter and for the portion of
the fiscal year then ended, all in reasonable detail and setting forth in each case in comparative form the respective figures for the corresponding date and period in the preceding fiscal year and to the Company’s operating plan then in
effect, prepared in accordance with GAAP, consistently applied (subject to normal year-end adjustments), and (iii) within thirty (30) days after the end of each fiscal month, unaudited, consolidated balance sheets of the Company and its
subsidiaries, if any, as of the end of such fiscal month, and unaudited, consolidated statements of income and changes in stockholders equity and unaudited, consolidated statements of cash flows of the Company and its subsidiaries, if any, for such
month and for the portion of the fiscal year then ended, all in reasonable detail and setting forth in comparative form the respective figures for the corresponding date and period in the preceding fiscal year, prepared in accordance with GAAP,
consistently applied (subject to normal year-end adjustments), (iv) as soon as practicable prior the beginning of a fiscal year, and in any event no less than thirty (30) days prior to the beginning of such fiscal year, an annual budget
and operating plan (including projected balance sheets and profit and loss and cash flow statements) for such following fiscal year, and (v) any other management reports, financial summaries or budgets, that are prepared by or on behalf of the
Company for the Board (unless the Board determines that disclosure of such information would be seriously detrimental the Company); provided with respect to the financial statements called for in subsections (ii) and (iii) of this
Section 10.2, an instrument executed by the Chief Financial Officer or President of the Company and certifying that such financials were prepared in accordance with GAAP consistently applied with prior practice for earlier periods (with
the exception of footnotes that may be required by GAAP and subject to normal year-end adjustments) and fairly present the financial condition of the Company and its results of operation for the period specified, subject to year-end audit
adjustment. All covenants of the Company contained in this Section 10.2 shall expire and terminate as to each Holder upon the consummation of the Qualified IPO. 
 10.3    Inspection Rights.  The Company shall permit each Major Investor and its representatives, at such Major Investor’s expense, to visit and inspect the
Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be requested by the Major Investor; provided,
however, that the Company shall not be obligated pursuant to this Section 10.3 to provide access to any information or portion thereof (a) if delivery of such information or attendance at such meeting would adversely affect
the attorney-client privilege between the Company and its counsel, or (b) such Major Investor is a direct competitor of the Company, as so determined in good faith by the Board. Each Major Investor shall sign a confidentiality agreement in
reasonable form and scope if so requested to hold in confidence all information so received or obtained during such visit or inspection. All covenants of the Company contained in this Section 10.3 shall expire and terminate as to each
Major Investor upon the consummation of the Qualified IPO. The provisions of this 

  
 -21-

 
Section 10.3 are not intended to limit the statutory rights of inspection that may be available to the Holders of Series A Preferred Stock, Series B Preferred Stock,
Series C Preferred Stock or Series D Preferred Stock under the Delaware General Corporation Law, nor modify or limit the Company’s obligation to provide information to any director elected by the Holders of Series A Preferred
Stock or Series B Preferred Stock under the Delaware General Corporation Law, solely in his or her capacity as a director of the Company (and, with respect to any particular designee, only for so long as he or she acts as a director of the
Company). 
 11.          Pre-emptive Rights 

11.1        Grant.  The Company hereby grants to each Major Investor the
preemptive right to purchase such number of New Securities (as defined below) as would enable such Holder to maintain its pro rata share of equity ownership in the Company (calculated on a Fully Diluted Basis) following such issuance at a level held
by it immediately prior to such issuance. A Holder’s pro rata share, for purposes of this preemptive right, is the ratio of the number of shares of Common Stock owned by such Holder immediately prior to the issuance of New Securities
(calculated on a Fully Diluted Basis), to the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities (calculated on a Fully Diluted Basis). Each Holder shall have a right of over-allotment such that if
any Holder fails to exercise fully its right hereunder to purchase its pro rata share of New Securities, the other Holders may purchase the non-purchasing Holder’s portion not so purchased on a pro rata basis within ten (10) days from the
date such nonpurchasing Holder fails to exercise fully its right hereunder to purchase its pro rata share of New Securities. This preemptive right shall be subject to the following provisions. 

11.2        Limitation on Grant.  “New Securities”
shall mean any capital stock (including Common Stock and/or Preferred. Stock) of the. Company whether or not currently authorized, and rights, options or warrants to purchase such capital stock, and securities of any type whatsoever that are, or may
become, convertible into capital stock; provided that the term “New Securities” does not include: 

11.2.1  shares of the Company’s Common Stock, and/or options, rights or warrants therefor, issued or issuable to
employees, officers, directors, contractors, vendors, advisors or consultants of the Company pursuant to the Company’s Amended and Restated 2003 Stock Incentive Plan, the UK Sub-Plan of the Company’s Amended and Restated 2003 Stock
Incentive Plan or any other incentive agreements or plans unanimously approved by the Board; 
 11.2.2  any
securities issuable upon conversion of or with respect to any then outstanding shares of the Company’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, warrants or other
convertible securities then outstanding; 
 11.2.3  shares of the Company’s Common Stock or Preferred Stock
issued in connection with any stock split or stock dividend or recapitalization of the Company in which all holders of Preferred Stock are affected proportionally; 

  
 -22-

 11.2.4  securities issued or issuable pursuant to the bona fide acquisition of
another corporation or entity by the Company by consolidation, merger, purchase of all or substantially all of the assets, or other bona fide reorganization in which the Company acquires, in a single transaction or series of related transactions,
all or substantially all of the assets of such other corporation or entity or fifty percent (50%) or more of the voting power of such other corporation or entity or fifty percent (50%) or more of the equity ownership of such other entity,
which issuances are not primarily for equity financing purposes; provided, that such transaction is approved or consented to by the Board; 
 11.2.5  securities issued or issuable in connection with bona fide, arms’ length bank financings, corporate partnering transactions, strategic alliances, licensing deals, equipment leases,
real property leases or acquisitions of businesses or intellectual property rights on terms unanimously approved by the Board, provided that such transactions are entered into for other than primarily equity financing purposes; 

11.2.6  securities issued in connection with a Qualified IPO; and 

11.2.7  any right, option or warrant to acquire any securities excluded from the definition of New Securities, pursuant to
subsections 11.2.1 through 11.2.6 above. 
 11.3        Notice to
Holders.  In the event the Company proposes to undertake an issuance of New Securities, it shall give each Major Investor entitled to participate written notice by certified mail of its bona fide intention to offer New Securities,
describing the type of New Securities, and their price and the general terms upon which the Company proposes to issue the same. Each such Major Investor shall have thirty (30) days after any such notice is delivered to agree to purchase such
Major Investor’s pro rata share of such New Securities for the price and upon the terms specified in the notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased. 

11.4        Expiration.  In the event the Major Investors fail to exercise
fully the preemptive right within such thirty (30) day period and after the expiration of the 10-day period for the exercise of the over-allotment provisions of this Section 11, the Company shall have one hundred and twenty
(120) days thereafter to sell or enter into an agreement (pursuant to which the sale of New Securities covered thereby shall be closed, if at all, within sixty (60) days from the date of such agreement) to sell the New Securities
respecting which the Major Investors’ preemptive right option set forth in this Section 11 was not exercised, at a price and upon terms no more favorable to the purchasers thereof than specified in the Company’s notice to Major
Investors pursuant to Section 11.3. In the event the Company has not sold within such one hundred twenty (120) day period or entered into an agreement to sell the New Securities in accordance with the foregoing within such sixty
(60) days, the Company shall not thereafter issue or sell any New Securities without first again offering such securities to the Major Investors in the manner provided in Section 11.3 above. 

11.5        Assignment.  The preemptive right in this Section 11
may not be assigned or transferred, except the rights of a Major Investor hereunder may be transferred or assigned in connection with a transfer of Registrable Securities to (i) any affiliate (including without limitation

  
 -23-

 
any affiliated venture capital fund), subsidiary, parent, partner, retired partner, limited partner, shareholder or member of a Major Investor, (ii) any family member or trust for the
benefit of any Major Investor, or (iii) any transferee or assignee acquiring not less than 500,000 shares of Registrable Securities (as adjusted for any stock dividends, combinations, splits, recapitalizations or the like with respect to such
shares). 
 11.6    Termination.  The provisions of this Section 11 shall not
apply to, and shall terminate upon, the consummation of the Qualified IPO. 

12.          Covenants of the Company.  The Company hereby
covenants and agrees, so long as any Holder owns any Registrable Securities, as follows: 

12.1    Payment of Taxes, etc.  The Company shall pay and discharge, and cause each subsidiary to
pay and discharge, if any, all taxes, assessments and governmental charges or levies imposed upon it or upon its income, profits or business, or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all lawful
claims which, if unpaid, might become a lien or charge upon any properties of the Company or any subsidiary; provided, however, that neither the Company, nor any subsidiary, shall be required to pay any such tax, assessment, charge,
levy or claim which is being contested or extended in good faith and by appropriate proceedings if the Company or any subsidiary shall have set aside on its books sufficient reserves, if any, with respect thereto. The Company shall pay or cause to
be paid, when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Board, all other indebtedness incident to operations of the Company. 

12.2    Maintenance of Properties and Leases.  The Company will keep its properties and those of
its subsidiaries, if any, in good repair, working order and condition, reasonable wear and tear excepted, and from time to time make all needful and proper repairs, renewals, replacements, additions and improvements thereto; and the Company and its
subsidiaries, if any, will at all times comply with each material provision of all leases to which any of them is a party or under which any of them occupies property if the breach of such provision might have a material and adverse effect on the
condition, financial or otherwise, or operations of the Company. 
 12.3    Accounts and
Records.  The Company will keep true records and books of account in which full, true and correct entries will be made of all dealings or transactions in relation to its business and affairs in accordance with GAAP applied on a
consistent basis. 
 12.4    Independent Accountants.  The Company will retain independent
public accountants of recognized national standing who shall certify the Company’s financial statements at the end of each fiscal year. In the event the services of the independent public accountants so selected, or any firm of independent
public accountants hereafter employed by the Company, are terminated, the Company will promptly thereafter notify the Holders and will request the firm of independent public accountants whose services are terminated to deliver to the Holders a
letter from such firm setting forth the reasons for the termination of their services. In the event of such termination, the Company will promptly thereafter engage another firm of independent public accountants of recognized national standing. In
its notice to the Holders, the Company shall state 

  
 -24-

 
whether the change of accountants was recommended or approved by the Board or any committee thereof. 
 12.5    Compliance with Requirements of Government Authorities.  The Company and all of its subsidiaries shall duly observe and conform to all valid requirements of
governmental authorities relating to the conduct of their businesses or to their properties or assets. 

12.6    Maintenance of Corporate Existence, etc.  The Company shall maintain in full force and
effect its corporate existence, rights and franchises and all licenses and other rights in or to use patents, processes, licenses, trademarks, trade names or copyrights owned or possessed by it or any subsidiary and deemed by the Company to be
necessary to the conduct of its business. 
 12.7    Interested Person
Transactions.  Neither the Company nor any of its subsidiaries shall enter into any agreement with any Interested Person (as defined below) of the Company or any of its subsidiaries, or an “affiliate” or “associate”
of such person (as such terms are defined in the rules and regulations promulgated under the Securities Act), including, without limitation, any agreement or other arrangement providing for the furnishings of services by, purchase or rental of real
or personal property from, or otherwise requiring payments to, any such person or entity, without the approval at a duly held meeting of the Board of a majority of the members of the Company’s Board having no interest in such agreement or
arrangement. Interested Person shall mean any current or former employee, stockholder (or any director, general partner, limited partner, member or manager of any stockholder), consultant, officer or director of the Company or any member of his, her
or its immediate family (collectively, “Interested Persons”). 
 12.8    Stock
Incentive Plan.  Except as the Board may unanimously approve otherwise, all options, grants and awards issued or granted to any employees, directors, consultants and other service providers under the Company’s 2003 Stock Incentive
Plan, as amended and/or restated from time to time (the “Plan”), shall be subject to vesting as follows: twenty five percent (25%) to vest on the first anniversary of the date of grant, with the remaining seventy five
percent (75%) to vest monthly over the next thirty six (36) months thereafter. Except as the Board may unanimously approve otherwise, all options, grants and awards issued or granted to any employees, directors and consultants after the
Closing (as defined in the Purchase Agreement) outside of the Plan, if any, shall be made in accordance with the terms and provisions of the Plan relating to stock vesting and repurchase upon termination of employment (whether or not the grant or
issuance is made under the Plan). From and after the date of this Agreement, any notes issued by employees or consultants of the Company shall be accepted by the Company only upon the unanimous approval of the Board. 

12.9    Termination of Covenants.  The covenants set forth in this Section 12 shall
terminate and be of no further force and effect after the consummation of the Qualified IPO. 

  
 -25-

 13.          Miscellaneous

 13.1        Additional Stockholders.  Notwithstanding anything
contained herein to the contrary, if the Company shall issue additional shares of Series D Preferred Stock to any purchaser in any subsequent closing pursuant to the Purchase Agreement, such purchaser, if not already a party to this Agreement,
shall become a party to this Agreement as an “Investor” upon the Company’s receipt from such purchaser of an executed counterpart signature page or joinder to this Agreement. 

13.2        Confidentiality.  Each Holder agrees, to use, and to employ its
reasonable best efforts to insure that its authorized representatives use, the same degree of care as such Holder uses to protect its own confidential information, to keep confidential any information furnished to it which the Company identifies as
being confidential or proprietary (so long as such information is not in the public domain), except that such Holder may disclose such proprietary or confidential information to any member, partner, subsidiary, affiliate or parent of such Holder for
the purpose of evaluating its investment in the Company as long as such member, partner, subsidiary, affiliate or parent is advised of, and agrees to abide by, the confidentiality provisions of this Section 13.2. Notwithstanding the
foregoing, each Holder shall be permitted to disclose to its partners and prospective partners (or members and prospective members, or major stockholders and prospective major stockholders, as the case may be) summary financial information and
summary narrative descriptions relating to the business of the Company. The provisions of this Section 13.2 shall be in addition to, and not in substitution for, the provisions of any separate nondisclosure agreement executed by any of
the parties hereto. 
 13.3        Governing Law.  This Agreement and
the legal relations between the parties arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California, without regards to its conflicts of laws principles. Each party hereto irrevocably and
unconditionally (i) agrees that any action, suit or claim brought hereunder must be brought in the courts of the United States in the State of California or the state courts of the State of California which shall serve as the exclusive
jurisdiction and venue for any and all disputes arising out of and/or relating to this Agreement; (ii) consents to the jurisdiction of any such court in any such suit, action or proceeding; and (iii) waives any objection which such party
may have to the laying of venue of any such suit, action or proceeding in any such court. 

13.4        Notices, etc.  All notices required or permitted hereunder shall be
in writing and shall be deemed effectively given (i) upon personal delivery to the party to be notified, (ii) five days after deposit in the United States mail, by registered or certified mail, postage prepaid and properly addressed to the
party to be notified, (iii) two days after deposit with an airborne or overnight courier, specifying priority delivery, with written verification of receipt and properly addressed to the party to be notified, or (iv) when received if
transmitted by telecopy (to be followed by U.S. mail), electronic or digital transmission method. In each case notice shall be sent to the addresses set forth on the signature page or at such other address as such party may designate by written
notice to the other parties hereto. 
 13.5        Counterparts.  This
Agreement may be executed in any number of counterparts, each of which may be executed by less than all of the parties hereto, each of which 

  
 -26-

 
shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one and the same instrument. 

13.6        Attorneys’ Fees.  In the event that any dispute among the
parties to this Agreement should result in litigation, the prevailing party in such dispute shall be entitled to recover from the losing party all reasonable fees, costs and expenses of enforcing any right of such prevailing party under or with
respect to this Agreement, including, without limitation, all reasonable fees, costs and expenses of appeals, in addition to any other relief to which such party may be entitled. 

13.7        Amendment.  Any provision of this Agreement may be amended, waived,
modified, discharged or terminated only with the written consent of the Company and the Holders of at least a majority of the Registrable Securities (on an as-converted basis); provided, however, if such amendment or waiver would
adversely affect the rights, or add to the obligations, of any series of Preferred Stock in a manner differently from the other series of Preferred Stock or any holder of Preferred Stock or Registrable Securities in a manner differently from other
holders, as the case may be, then such amendment or waiver shall require the consent of the Investors holding a majority in interest of such series of Preferred Stock or such holder, as the case may be. Any amendment or waiver effected in accordance
with this paragraph will be binding upon the Company and each Holder of any securities subject to this Agreement (including securities into which such securities are convertible) and future holders of all such securities. Any Holder may waive his or
her rights or the Company’s obligations to such holder hereunder without obtaining the consent of any other person. 

13.8        Successors and Assigns.  Except as otherwise provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto. Nothing in this Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

13.9        Severability.  In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided, however, that no such severability shall be
effective if it materially changes the economic benefit of this Agreement to any party. 

13.10      Titles and Subtitles.  The titles and subtitles used in this Agreement are
used for convenience only and are not to be considered in construing or interpreting this Agreement. 

13.11      Time is of the Essence.  Time is of the essence for each provision of this
Agreement in which time is an element. 
 13.12      Exculpation Among
Investors.  Each Investor acknowledges that it is not relying upon any person, firm or corporation, other than the Company and its officers and directors, in making its investment decision or decision to invest in the Company. Each
Investor agrees that no 

  
 -27-

 
Investor, nor the respective controlling persons, officers, directors, partners, agents, counsel, or employees of such Initial Investor shall be liable to such Investor for any action heretofore
or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Series B Preferred Stock (and issuance of the Conversion Shares (as defined in the Purchase Agreement)). 

13.13      Third Parties.  Nothing in this Agreement, express or implied, is intended to
confer upon any person other than the parties hereto and their successors and assigns, any rights or remedies under or by reason of this Agreement. 
 13.14      Delays or Omissions.  No delay or omission to exercise any right, power or remedy accruing to any party under this Agreement, upon any breach or
default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or
in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or
character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set
forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 
 13.15      Entire Agreement.  This Agreement, including the exhibits hereto, constitutes the sole and entire agreement of the parties with respect to the
subject matter hereof, and supersedes all prior understandings, agreements (including the Prior Rights Agreement), or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof
or the transactions contemplated hereby. 
 (Remainder of Page Intentionally Left Blank) 

  
 -28-

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	LINKEDIN CORPORATION
		
	By:	 	 /s/ Daniel
Nye

			
	Name:	 	  Daniel Nye
	Title:	 	  Chief Executive Officer

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
	
	GREYLOCK XI LIMITED PARTNERSHIP
	
	By: Greylock XI GP Limited Partnership
	Its: General Partner

			
		
	By:	 	 /s/ Donald
Sullivan

			
	Name:	 	  Donald Sullivan
	Title:	 	  Administrative Partner
	
	GREYLOCK XI-A LIMITED PARTNERSHIP
	
	By: Greylock XI GP Limited Partnership
	Its: General Partner

			
		
	By:	 	 /s/ Donald
Sullivan

			
	Name:	 	  Donald Sullivan
	Title:	 	  Administrative Partner

			
	
	GREYLOCK XI PRINCIPALS LLC
		
	By:	 	Greylock Management Corporation
	Its:	 	Sole Member

			
		
	By:	 	 /s/ Donald
Sullivan

			
	Name:	 	  Donald Sullivan
	Title:	 	  Treasurer

 (Signature
Page to the Third Amended and Restated Investors’ Rights Agreement) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
	
	Sequoia Capital XI
	Sequoia Technology Partners XI
	Sequoia Capital XI Principals Fund
		
	By:	 	SC XI Management, LLC
		 	A Delaware Limited Liability Company
		 	General Partner of Each

			
		
	By:	 	 /s/ Michael
Goguen

			
	Name:	 	  Michael Goguen
	Title:	 	  Managing Member

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

					
	INVESTOR:
	  

BESSEMER VENTURE PARTNERS VI L.P.

	BESSEMER VENTURE PARTNERS VI INSTITUTIONAL LP
	 BESSEMER VENTURE PARTNERS CO-INVESTMENT L.P.

 

	By: Deer VI & Co. LLC, General Partner	  	
			
	By:	  	 /s/ Scott Ring
	  	
		  	Scott Ring, General Counsel	  	
	  
 Address:
	  	
			
		  	c/o Bessemer Venture Partners	  	
		  	1865 Palmer Avenue	  	
		  	Suite 104	  	
		  	Larchmont, NY 10538	  	
		
	Tel. 914-833-5300	  	
		
	Email : transactions@bvp.com	  	

 (Signature Page to the Third Amended and Restated Investors’ Rights Agreement)

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
	
	BAIN CAPITAL VENTURE INTEGRAL INVESTORS, LLC
		
	By:	 	Bain Capital Venture Investors, LLC
		 	its Administrative Member
		
	By:	 	 /s/ Mike
Krupka

			
	Name:	 	  Mike Krupka
	Title:	 	  Authorized Person

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
		
	By:	 	 /s/ Reid
Hoffman

			
	Name:	 	Reid Hoffman

 (Signature Page to
the Third Amended and Restated Investors’ Rights Agreement) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
	
	SAP AG

			
		
	By:	 	 /s/ Werner
Brandt

			
		
	Its:	 	
Dr. Werner Brandt, Chief Financial 
Officer

			
		
	Address:	 	    Dietmar – Hopp – Allee – 16
		 	    69109 Waldorf
		 	    Germany
	
	SAP AG

			
		
	By:	 	 /s/ Michael
Junge

			
		
	Its:	 	 Michael Junge, General
Counsel

			
		
	Address:	 	    Dietmar – Hopp – Allee – 16
		 	    69109 Waldorf
		 	    Germany

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement in 

connection with LinkedIn Series D) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	INVESTOR:
	
	THE MCGRAW-HILL COMPANIES, INC.

			
		
	By:	 	 /s/ Glenn
Goldberg

			
	Name:	 	Glenn Goldberg
	Title:	 	President of Information &
		 	Media Division
		
	Address:	 	  1221 Avenue of the Americas
		 	  New York, NY 10020

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement in 

connection with LinkedIn Series D) 

 IN WITNESS WHEREOF, the parties have executed this Third Amended and Restated
Investors’ Rights Agreement on the date first set forth above. 
  

			
	 INVESTOR:
  

	 THE GOLDMAN SACHS GROUP, INC.

 

	By:	 	 /s/ David
Heller

			
	Name:	 	  David Heller
	Title:	 	  Assistant Secretary

(Signature Page to the Third Amended and Restated Investors’ Rights Agreement in 

connection with LinkedIn Series D) 

 EXHIBIT A 
 Schedule of Investors 
  

	 	1.	Marc Andreesen 

	 	2.	Andrew Anker 

	 	3.	Bain Capital Venture Integral Investors, LLC 

	 	4.	Andrew Beebe 

	 	5.	Bessemer Venture Partners Co-Investment L.P. 

	 	6.	Bessemer Venture Partners VI L.P. 

	 	7.	Bessemer Venture Partners VI Institutional L.P. 

	 	8.	Robert Clarkson 

	 	9.	Robert DeSantis 

	 	10.	European Founders Fund GmbH 

	 	11.	Greylock XI - A Limited Partnership 

	 	12.	Greylock XI Limited Partnership 

	 	13.	Greylock XI Principals LLC 

	 	14.	Thomas Gruber 

	 	15.	Reid Hoffman 

	 	16.	Sarah Imbach 

	 	17.	Josh Koppelman 

	 	18.	Joe Kraus 

	 	19.	Jun Makihara 

	 	20.	Loic Le Meur 

	 	21.	Sunil Paul 

	 	22.	Gil Penchina 

	 	23.	Keith Rabois 

	 	24.	Sequoia Capital XI 

	 	25.	Sequoia Capital XI Principals Fund 

	 	26.	Sequoia Technology Partners XI 

	 	27.	John Shaull 

	 	28.	Silicon Valley Bank 

	 	29.	Peter Thiel 

	 	30.	SAP AG 

	 	31.	The McGraw-Hill Companies, Inc. 

	 	32.	The Goldman Sachs Group, Inc.Amended and Restated 2003 Stock Incentive Plan and Form of Stock Option Agmt.

 Exhibit 10.1 

 
  
  

LINKEDIN CORPORATION 
 AMENDED AND RESTATED 2003 STOCK INCENTIVE PLAN 
 (as amended through
September 28, 2010) 

 SECTION 1:  GENERAL PURPOSE OF PLAN 

The name of this plan is the LinkedIn Corporation Amended and Restated 2003 Stock Incentive Plan (the “Plan”). The
purpose of the Plan is to enable LinkedIn Corporation, a Delaware corporation (the “Company”), and any Parent or any Subsidiary to obtain and retain the services of the types of Employees, Consultants and Directors who will
contribute to the Company’s long range success and to provide incentives which are linked directly to increases in share value which will inure to the benefit of all shareholders of the Company. 

SECTION 2:  DEFINITIONS 
 For purposes of the Plan, the following terms shall be defined as set forth below: 

“Administrator” shall have the meaning as set forth in Section 3, hereof. 

“Board” means the Board of Directors of the Company. 

“Call Equivalent Position” shall have the meaning set forth in Rule 16a-1(b) promulgated under the Exchange Act, as such
may be amended from time to time. For convenience, as of September 28, 2010, such definition is as follows, but to the extent such meaning is amended after such date, the amended meaning shall for all purposes under this Plan be the meaning of
such phrase: “The term ‘call equivalent position’ shall mean a derivative security position that increases in value as the value of the underlying equity increases, including, but not limited to, a long convertible security, a long
call option, and a short put option position.” 
 “Cause” means (i) failure by an Eligible Person to
substantially perform his or her duties and obligations to the Company (other than any such failure resulting from his or her incapacity due to physical or mental illness); (ii) engaging in misconduct or a fiduciary breach which is or
potentially is materially injurious to the Company or its shareholders; (iii) commission of a felony; (iv) the commission of a crime against the Company which is or potentially is materially injurious to the Company; or (v) as
otherwise provided in the Stock Option Agreement or Stock Purchase Agreement. For purposes of this Plan, the existence of Cause shall be determined by the Administrator in its sole discretion. 

“Change in Control” shall mean: 
 (1)        The consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the
combined voting power (which voting power shall be calculated by assuming the conversion of all equity securities convertible (immediately or at some future time) into shares entitled to vote, but not assuming the exercise of any warrant or right to
subscribe to or purchase those shares) of the continuing or Surviving Entity’s securities outstanding immediately after such merger, consolidation or other reorganization is owned, directly or indirectly, by persons who were not shareholders of
the Company immediately prior to such merger, consolidation or other reorganization; provided, however, that in making the determination of ownership by the 

 
shareholders of the Company, immediately after the reorganization, equity securities which persons own immediately before the reorganization as shareholders of another party to the transaction
shall be disregarded; or 
 (2)        The sale, transfer or other disposition of all or
substantially all of the Company’s assets. 
 A transaction shall not constitute a Change in Control if its sole purpose 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. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Committee” means one or more committees of the Board designated by the Board to administer the Plan in whole or in
part. 
 “Company” means LinkedIn Corporation, a corporation organized under the laws of the State of Delaware
(or any successor corporation). 
 “Consultant” means a consultant or advisor who is a natural person and who
provides bona fide services to the Company, a Parent or a Subsidiary; provided such services are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market
for the Company’s securities. 
 “Date of Grant” means the date on which the Administrator has taken all
legally required action to grant a Right to a Participant or, if a different date is designated by the Administrator in such legally required action as the Date of Grant, then such different date. 

“Director” means a member of the Board. 
 “Disability” means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment; provided,
however, for purposes of determining the term of an ISO pursuant to Section 6.6 hereof, the term Disability shall have the meaning ascribed to it under Code Section 22(e)(3). The determination of whether an individual has a
Disability shall be determined under procedures established by the Plan Administrator. 
 “Eligible Person”
means an Employee, Consultant or Director, each of whom is a natural person, of the Company, any Parent or any Subsidiary. 

“Employee” shall mean any individual who is a common-law employee (including officers) of the Company, a Parent or a
Subsidiary. 
 “Exercise Price” shall have the meaning set forth in Section 6.3. 

“Exercise Price Repurchase Right” shall have the meaning set forth in Section 8.8. 

  
 2 

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

 “Fair Market Repurchase Right” shall have the meaning set forth in Section 8.8. 

“Fair Market Value” shall mean the fair market value of a Share, determined as follows: (i) if the Stock is listed
on any established stock exchange or a national market system, including without limitation the Nasdaq National Market, the Fair Market Value of a share of Stock shall be the closing sales price for such stock (or the closing bid, if no sales were
reported) as quoted on such system or exchange (or the exchange with the greatest volume of trading in the Stock) on the last market trading day prior to the day of determination, as reported in the Wall Street Journal or such other source as
the Administrator deems reliable; (ii) if the Stock is quoted on the Nasdaq System (but not on the Nasdaq National Market) or any similar system whereby the stock is regularly quoted by a recognized securities dealer but closing sale prices are
not reported, the Fair Market Value of a share of Stock shall be the mean between the bid and asked prices for the Stock on the last market trading day prior to the day of determination, as reported in the Wall Street Journal or such other
source as the Administrator deems reliable; or (iii) in the absence of an established market for the Stock, the Fair Market Value shall be determined in good faith by the Administrator and such determination shall be conclusive and binding on
all persons. 
 “First Refusal Right” shall have the meaning set forth in Section 8.7 hereof. 

“ISO” means a Stock Option intended to qualify as an “incentive stock option” as that term is defined in
Section 422(b) of the Code. 
 “Non-Employee Director” means a member of the Board who is not an Employee
of the Company, a Parent or Subsidiary, who satisfies the requirements of such term as defined in Rule 16b-3(b)(3)(i) promulgated by the United States Securities and Exchange Commission (the “SEC”). 

“Non-Qualified Stock Option” means a Stock Option not described in Section 422(b) of the Code. 

“Offeree” means a Participant who is granted a Purchase Right pursuant to the Plan. 

“Optionee” means a Participant who is granted a Stock Option pursuant to the Plan. 

“Outside Director” means a member of the Board who is not an Employee of the Company, a Parent or Subsidiary, who
satisfies the requirements of such term as defined in Treasury Regulations (26 Code of Federal Regulation Section 1.162-27(e)(3)). 
 “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 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 of the Plan shall be considered a Parent
commencing as of such date. 

  
 3 

 “Participant” means any Eligible Person selected by the Administrator,
pursuant to the Administrator’s authority in Section 3, to receive grants of Rights. 
 “Plan” means
this LinkedIn Corporation Amended and Restated 2003 Stock Incentive Plan, as the same may be amended or supplemented from time to time. 
 “Purchase Price” shall have the meaning set forth in Section 7.3. 
 “Purchase Right” means the right to purchase Stock granted pursuant to Section 7. 
 “Purchased Stock” means any and all Stock issued upon exercise of an Option or purchased under a Stock Purchase Agreement. 

“Put Equivalent Position” shall have the meaning set forth in Rule 16a-1(h) promulgated under the Exchange Act, as such
may be amended from time to time. For convenience, as of September 28, 2010, such definition is as follows, but to the extent such meaning is amended after such date, the amended meaning shall for all purposes under this Plan be the meaning of
such phrase: “The term ‘put equivalent position’ shall mean a derivative security position that increases in value as the value of the underlying equity decreases, including, but not limited to, a long put option and a short call
option position.” 
 “Rights” means Stock Options and Purchase Rights. 

“Repurchase Right” shall have the meaning set forth in Section 8.8. 

“Rule 12h-1” shall mean Rule 12h-1 under the Exchange Act, as amended from time to time (12 CFR 240.12h-1). 

“Service” shall mean service as an Employee, Director or Consultant. 

“Share” means a share of Stock. 
 “Stock” means Common Stock of the Company. 
 “Stock
Option” or “Option” means an option to purchase shares of Stock granted pursuant to Section 6. 

“Stock Option Agreement” shall have the meaning set forth in Section 6.1. 

“Stock Purchase Agreement” shall have the meaning set forth in Section 7.1. 

“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 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 of the Plan shall be considered a Subsidiary commencing as of such date. 

  
 4 

 “Surviving Entity” means the Company if immediately following any merger,
consolidation or similar transaction, the holders of outstanding voting securities of the Company immediately prior to the merger or consolidation own equity securities possessing more than 50% of the voting power of the corporation existing
following the merger, consolidation or similar transaction. In all other cases, the other entity to the transaction and not the Company shall be the Surviving Entity. In making the determination of ownership by the shareholders of an entity
immediately after the merger, consolidation or similar transaction, equity securities which the shareholders owned immediately before the merger, consolidation or similar transaction as shareholders of another party to the transaction shall be
disregarded. Further, outstanding voting securities of an entity shall be calculated by assuming the conversion of all equity securities convertible (immediately or at some future time) into shares entitled to vote. 

“Ten Percent Shareholder” means a person who on the Date of Grant owns, either directly or through attribution as
provided in Section 424 of the Code, Stock constituting more than 10% of the total combined voting power of all classes of stock of his or her employer corporation or of any Parent or Subsidiary. 

SECTION 3:  ADMINISTRATION 
 3.1        Administrator.  The Plan shall be administered by (i) the Board and/or (ii) one or more Committees (any group that administers
the Plan (in whole or in part) is referred to as the “Administrator”). The Board may designate different Committees to administer the Plan with respect to different Eligible Persons or different aspects of the Plan. The Board may
also delegate administration of the Plan in part to a Committee while retaining authority to administer the Plan as to matters not so delegated. 
 3.2        Powers in General.  The Administrator shall have the power and authority to grant to Eligible Persons, pursuant to the terms of the
Plan, (i) Stock Options, (ii) Purchase Rights or (iii) any combination of the foregoing. 

3.3        Specific Powers.  In particular, the Administrator shall have the
authority: (i) to construe and interpret the Plan and apply its provisions; (ii) to promulgate, amend and rescind rules and regulations relating to the administration of the Plan; (iii) to authorize any person to execute, on behalf of
the Company, any instrument required to carry out the purposes of the Plan; (iv) to determine when Rights are to be granted under the Plan; (v) from time to time to select, subject to the limitations set forth in this Plan, those Eligible
Persons to whom Rights shall be granted; (vi) to determine the number of shares of Stock to be made subject to each Right; (vii) to determine whether each Stock Option is to be an ISO or a Non-Qualified Stock Option; (viii) to
prescribe the terms and conditions of each Stock Option and Purchase Right, including, without limitation, the Exercise Price, Purchase Price and medium of payment, vesting provisions and repurchase provisions, and to specify the provisions of the
Stock Option Agreement or Stock Purchase Agreement relating to such grant or sale; (ix) to amend any outstanding Rights for the purpose of modifying the time or manner of vesting, the Purchase Price or Exercise Price, as the case may be,
subject to applicable legal restrictions and to the consent of the other party to such agreement; (x) to determine the duration and purpose of leaves of absences which may be granted to a Participant without constituting termination of their

  
 5 

 
employment for purposes of the Plan; (xi) to make decisions with respect to outstanding Stock Options that may become necessary upon a change in corporate control or an event that triggers
anti-dilution adjustments; (xii) to determine the Fair Market Value; and (xiii) to make any and all other determinations which it determines to be necessary or advisable for administration of the Plan. 

3.4        Decisions Final.  All decisions made by the Administrator pursuant to
the provisions of the Plan shall be final and binding on the Company and the Participants. 

3.5        The Committee.  The Board may, in its sole and absolute discretion,
from time to time, delegate any or all of its duties and authority with respect to the Plan to the Committee whose members are to be appointed by and to serve at the pleasure of the Board. From time to time, the Board may increase or decrease the
size of the Committee, add additional members to, remove members (with or without cause) from, appoint new members in substitution therefor, and fill vacancies, however caused, in the Committee. Subject to any limitations prescribed by the Plan and
the Board and by the Bylaws of the Company and applicable law, the Committee may establish and follow such rules and regulations for the conduct of its business as it may determine to be advisable. During any period of time during which the
Company’s Stock is registered pursuant to Section 12 of the Exchange Act, the Board shall delegate administration of the Plan to a Committee consisting of Directors who are both Non-Employee Directors and Outside Directors, to the extent
necessary to comply with the provisions of Section 162(m) of the Internal Revenue Code and Rule 16b-3 promulgated under the Exchange Act. 
 3.6        Indemnification.  In addition to such other rights of indemnification as they may have as Directors or members of the Committee, and to
the extent allowed by applicable law, the Administrator and each of the Administrator’s consultants shall be indemnified by the Company against the reasonable expenses, including attorney’s fees, actually incurred in connection with any
action, suit or proceeding or in connection with any appeal therein, to which the Administrator or any of its consultants may be party by reason of any action taken or failure to act under or in connection with the Plan or any option granted under
the Plan, and against all amounts paid by the Administrator or any of its consultants in settlement thereof (provided that the settlement has been approved by the Company, which approval shall not be unreasonably withheld) or paid by the
Administrator or any of its consultants in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such Administrator or any of its
consultants did not act in good faith and in a manner which such person reasonably believed to be in the best interests of the Company, and in the case of a criminal proceeding, had no reason to believe that the conduct complained of was unlawful;
provided, however, that within 60 days after institution of any such action, suit or proceeding, such Administrator or any of its consultants shall, in writing, offer the Company the opportunity at its own expense to handle and defend
such action, suit or proceeding. 
 SECTION 4:  STOCK SUBJECT TO THE PLAN 

4.1        Stock Subject to the Plan.  Subject to adjustment as provided in
Section 9, 34,814,756 shares of Common Stock (after giving effect to the 3-for-1 split of the Common 

  
 6 

 
Stock effective as of May 22, 2007) shall be reserved and available for issuance under the Plan. Stock reserved hereunder may consist, in whole or in part, of authorized and unissued shares
or treasury shares. 
 4.2         Basic Limitation.  The number
of shares that are subject to Rights under the Plan shall not exceed the number of shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available a sufficient
number of shares to satisfy the requirements of the Plan. 

4.3         Additional Shares.  In the event that any outstanding Option or
other right for any reason expires or is canceled or otherwise terminated, the shares allocable to the unexercised portion of such Option or other right shall again be available for the purposes of the Plan. In the event that shares issued under the
Plan are reacquired by the Company pursuant to the terms of any forfeiture provision or Exercise Price Repurchase Right, such shares shall again be available for the purposes of the Plan. Shares issued under the Plan that are reacquired by the
Company upon exercise of the Fair Market Repurchase Right shall not again be available for purposes of the Plan. 

SECTION 5:  ELIGIBILITY 
 Eligible Persons who are selected by the Administrator shall be eligible to be granted Rights hereunder subject to limitations set forth in this Plan; provided, however, that only Employees
shall be eligible to be granted ISOs hereunder. 
 SECTION 6: TERMS AND CONDITIONS OF OPTIONS 

6.1         Stock Option Agreement.  Each grant of an Option under the Plan
shall be evidenced by a Stock Option Agreement between the Optionee and the Company (the “Stock Option Agreement”). Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other
terms and conditions which are not inconsistent with the Plan and which the Administrator deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be
identical. 
 6.2         Number of Shares.  Each Stock Option
Agreement shall specify the number of shares of Stock that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 9, hereof. The Stock Option Agreement shall also specify whether the Option is
an ISO or a Non-Qualified Stock Option. 
 6.3         Exercise Price.

 6.3.1    In General.  Each Stock Option Agreement shall state the price at which
shares subject to the Stock Option may be purchased (the “Exercise Price”), which shall, with respect to ISO’s, be not less than 100% of the Fair Market Value of the Stock on the Date of Grant. In the case of Non-Qualified
Stock Options, the Exercise Price shall be determined in the sole discretion of the Administrator. 

  
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 6.3.2    Ten Percent Shareholder.  A Ten
Percent Shareholder shall not be eligible for a grant of an ISO unless the Exercise Price is at least 110% of the Fair Market Value of a Share on the Date of Grant and such ISO by its terms is not exercisable after the expiration of five years from
the Date of Grant. 
 6.3.3    Payment.  The Exercise Price shall be payable in
such form as is determined by the Administrator and permitted by Section 8 hereof. 

6.4        Withholding Taxes.  As a condition to the exercise of an Option, the
Optionee shall make such arrangements as the Administrator may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise or with the disposition of shares
acquired by exercising an Option. 
 6.5        Exercisability.  Each
Stock Option Agreement shall specify the date when all or any installment of the Option becomes exercisable. Subject to the vesting requirements set forth in Section 8.8.1, the exercise provisions of any Stock Option Agreement shall be
determined by the Administrator, in its sole discretion. 

6.6        Term.  The Stock Option Agreement shall specify the term of the
Option, including the period of time (if any) after termination of an Optionee’s service during which the Option may be exercised. No Option shall be exercisable more than ten years after the date the Option is granted. In the case of an ISO
granted to a Ten Percent Shareholder, the ISO shall not be exercisable more than five years after the date the ISO is granted. Except in the event of a termination of an Optionee’s Service for Cause (in which case the Stock Option Agreement may
provide that the Option will terminate as of the effective date of the termination of the Optionee’s Service), each Option shall remain exercisable as to vested Shares for at least (i) thirty (30) days after the termination of the
Optionee’s Service and (ii) six months after the termination of the Optionee’s Service if such Service terminates as a result of the Optionee’s death or Disability. 

6.7        Leaves of Absence.  For purposes of Section 6.6 above, to the
extent required by applicable law, Service shall be deemed to continue while the Optionee is on a bona fide leave of absence. To the extent applicable law does not require such a leave to be deemed to continue while the Optionee is on a bona fide
leave of absence, such leave shall be deemed to continue if, and only if, expressly provided in writing by the Administrator or a duly authorized officer of the Company, Parent or Subsidiary for whom Optionee provides his or her services.

 6.8        Modification, Extension and Assumption of
Options.  Within the limitations of the Plan, the Administrator may modify, extend or assume outstanding Options (whether granted by the Company or another issuer) or may accept the cancellation of outstanding Options (whether granted
by the Company or 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. Without limiting the foregoing, the Administrator may amend a previously granted
Option to accelerate (in whole or in part) the exercisability of such Option (including without limitation, in connection with a Change in Control). The foregoing notwithstanding, no modification of an Option shall, without the consent of the
Optionee, impair the Optionee’s rights or increase the 

  
 8 

 
Optionee’s obligations under such Option. However, a termination of the Option in which the Optionee receives a cash payment equal to the difference between the Fair Market Value and the
Exercise Price for all shares subject to exercise under any outstanding Option shall not be deemed to impair any rights of the Optionee or increase the Optionee’s obligations under such Option. 

SECTION 7: TERMS AND CONDITIONS OF AWARDS OR SALES 
 7.1         Stock Purchase Agreement.  Each award or sale of Shares under the Plan (other than upon exercise of an Option) shall be evidenced
by a Stock Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan
and which the Board deems appropriate for inclusion in a Stock Purchase Agreement. The provisions of the various Stock Purchase Agreements entered into under the Plan need not be identical. 

7.2         Duration of Offers.  Unless otherwise provided in the Stock
Purchase Agreement, any right to acquire shares under the Plan (other than an Option) shall automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company.

 7.3         Purchase Price. 

7.3.1    In General.  Each Stock Purchase Agreement shall state the price at which the Stock
subject to such Stock Purchase Agreement may be purchased (the “Purchase Price”), which, with respect to Stock Purchase Rights, shall be determined in the sole discretion of the Administrator. 

7.3.2    Payment of Purchase Price.  The Purchase Price shall be payable in a form described
in Section 8. 
 7.4         Withholding Taxes.  As a
condition to the purchase of shares, the Purchaser shall make such arrangements as the Board may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase.

 SECTION 8: PAYMENT; RESTRICTIONS 
 8.1         General Rule.  The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in full by, as
applicable, cash or check for an amount equal to the aggregate Purchase Price or Exercise Price for the number of Shares being purchased, or in the discretion of the Administrator, upon such terms as the Administrator shall approve, (i) in the
case of an Option, by a copy of instructions to a broker directing such broker to sell the Shares for which such Option is exercised, and to remit to the Company the aggregate Exercise Price of such Options (a “cashless exercise”),
(ii) in the case of an Option or a sale of Shares, by paying all or a portion of the Exercise Price or Purchase Price for the number of Shares being purchased by tendering Stock owned by the Optionee, duly endorsed for transfer to the Company,
with a 

  
 9 

 
Fair Market Value on the date of delivery equal to the aggregate Exercise Price of the Shares with respect to which such Option or portion thereof is thereby exercised or the Purchase Price of
the Shares being acquired (a “stock-for-stock exercise”) or (iii) by a stock-for-stock exercise by means of attestation whereby the Optionee identifies for delivery specific Shares already owned by Optionee and receives a
number of Shares equal to the difference between the Option Shares thereby exercised and the identified attestation Shares (an “attestation exercise”). 
 8.2        Withholding Payment.  The Purchase Price or Exercise Price shall include payment of the amount of all federal, state, local or other
income, excise or employment taxes subject to withholding (if any) by the Company or any parent or subsidiary corporation as a result of the exercise of an Option or Stock Purchase Right. The Optionee may pay all or a portion of the tax withholding
by cash or check payable to the Company, or, at the discretion of the Administrator, upon such terms as the Administrator shall approve, by (i) cashless exercise or attestation exercise; (ii) stock-for-stock exercise; (iii) in the
case of an Option, by paying all or a portion of the tax withholding for the number of shares being purchased by withholding shares from any transfer or payment to the Optionee (“Stock Withholding”); or (iv) a combination of
one or more of the foregoing payment methods. Any Shares issued pursuant to the exercise of an Option and transferred by the Optionee to the Company for the purpose of satisfying any withholding obligation shall not again be available for purposes
of the Plan. The Fair Market Value of the number of Shares subject to Stock Withholding shall not exceed an amount equal to the applicable minimum required tax withholding rates. 

8.3        Services Rendered.  At the discretion of the Administrator, Shares
may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 
 8.4        Promissory Note.  To the extent that a Stock Option Agreement or Stock Purchase Agreement so provides, in the discretion of the
Administrator, upon such terms as the Administrator shall approve, all or a portion of the Exercise Price or Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a promissory note, which shall either be full recourse
or secured by assets with a Fair Market Value at least equal to the principal amount of such note; provided, however, that payment of any portion of the Exercise Price by promissory note shall not be permitted where such loan would be
prohibited by applicable laws, regulations and rules of the SEC and any other governmental agency having jurisdiction. However, in the event there is a stated par value of the Shares and applicable law requires, the par value of the Shares, if newly
issued, shall be paid in cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon unless the promissory note is otherwise secured by other assets. Subject to
the foregoing, the Administrator (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. Unless the Administrator determines otherwise, Shares having a Fair Market Value
at least equal to the principal amount of the loan shall be pledged by the holder to the Company as security for payment of the unpaid balance of the loan and such pledge shall be evidenced by a pledge agreement, the terms of which shall be
determined by the Administrator, in its discretion; provided, however, that each 

  
 10 

 
loan shall comply with all applicable laws, regulations and rules of the Board of Governors of the Federal Reserve System and any other governmental agency having jurisdiction. 

8.5         Exercise/Pledge.  To the extent that a Stock Option Agreement
or Stock Purchase Agreement so allows and if Stock is publicly traded, in the discretion of the Administrator, upon such terms as the Administrator shall approve, payment may be made all or in part by the delivery (on a form prescribed by the
Administrator) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise
Price and any withholding taxes. 
 8.6         Written
Notice.  The purchaser shall deliver a written notice to the Administrator requesting that the Company direct the transfer agent to issue to the purchaser (or to his designee) a certificate for the number of Shares being exercised or
purchased or, in the case of a cashless exercise or Stock Withholding exercise, for any Shares that were not sold in the cashless exercise or withheld. 
 8.7         First Refusal Right.  Each Stock Option Agreement and Stock Purchase Agreement may provide that the Company or the Company’s
assignee shall have the right of first refusal (the “First Refusal Right”), exercisable in connection with any proposed sale, pledge, hypothecation, disposition or other transfer of any Purchased Stock that is not then subject to
the Exercise Price Repurchase Right, such that in the event the holder of such Purchased Stock desires to accept a bona fide third-party offer for any or all of such Purchased Stock, such Purchased Stock shall first be offered to the Company upon
the same terms and conditions as are set forth in the bona fide offer. 

8.8         Repurchase Rights.  Each Stock Option Agreement and Stock
Purchase Agreement may provide that the Company may repurchase (i) all or any portion of the Purchased Stock held by a Participant that have vested in accordance with the vesting provisions set forth in such Stock Option Agreement or Stock
Purchase Agreement and applicable to such Rights (the “Fair Market Repurchase Right”) and/or (ii) all or any portion of the Participant’s Purchased Stock that have not vested in accordance with such vesting provisions (the
“Exercise Price Repurchase Right”). The Fair Market Repurchase Right and the Exercise Price Repurchase Right are collectively referred to as a “Repurchase Right”. 

8.8.1    Repurchase Price.  The Fair Market Repurchase Right as to any Purchased Stock shall
be exercisable at a price per Share equal to the Fair Market Value of such Purchased Stock. The Exercise Price Repurchase Right as to any Purchased Stock which remains subject to the Exercise Price Repurchase Right shall be exercisable at a price
per share equal to the Purchase Price or Exercise Price, as the case may be, applicable to such Purchased Stock. For so long as the Company continues to grant Options or Stock Purchase Rights under the Plan in reliance upon the exemption from
qualification set forth in Section 25102(o) of the California Corporations Code, the Exercise Price Repurchase Right shall lapse as to any Purchased Stock that has vested in accordance with the vesting provisions applicable to such
Purchased Stock and set forth in the Stock Option Agreement or Stock Purchase Agreement, which vesting provisions shall provide that the Shares subject to such Stock Option Agreement or Stock Purchase

  
 11 

 
Agreement shall vest at a rate no less than 20% per year; provided, however, that a Stock Option Agreement or Stock Purchase Agreement with a Consultant, a Director or an
officer or director of the Company or any Parent or Subsidiary of the Company, may provide for vesting at a slower rate than the rate set forth above. 
 8.8.2    Exercise of Repurchase Right.  A Repurchase Right may be exercised only within 90 days after the termination of the Participant’s Service (or in
the case of Stock issued upon exercise of an Option or purchased under a Stock Purchase Agreement, in either case after the date of termination, within 90 days after the date of the exercise or Stock purchase, whichever is applicable) for cash or
for cancellation of indebtedness incurred in purchasing the shares. 

8.9        Termination of Repurchase and First Refusal Rights.  The Fair Market
Repurchase Right and the First Refusal Rights shall lapse and cease to have effect upon the earlier of (A) the closing of the Company’s initial firm commitment underwritten offering of securities to the public pursuant to a registration
statement on Form S-1 (or any successor form) filed with, and declared effective by, the SEC or (B) a Change in Control of the Company in which the successor corporation is subject to the reporting requirements of the SEC and has equity
securities that are publicly traded on the New York Stock Exchange or The Nasdaq Stock Market. The Exercise Price Repurchase Right shall continue in effect without regard to whether the Fair market Repurchase Right and the First Refusal Rights lapse
as set forth in the preceding sentence. 
 8.10      No Transferability.  Except
as provided herein, other than by will or by operation of the laws of descent and distribution to the extent permitted by Rule 12h-1, a Participant may not assign, sell, encumber, dispose of or otherwise transfer any Rights (whether or not then
subject to the Repurchase Right), any Purchased Stock that is then subject to the Exercise Price Repurchase Right or any Shares issuable upon any Option which has not been fully exercised. In addition, except as provided herein, other than by will
or by operation of the laws of descent and distribution, a Participant may not assign, sell, encumber, dispose of or otherwise transfer in contravention of the First Refusal Right or the Market Stand-Off any Purchased Stock that is not then subject
to the Exercise Price Repurchase Price. 
 8.10.1  Permitted Transfer of Non-Qualified Option. The
Administrator, in its sole discretion may permit the transfer of a Non-Qualified Option (but not an ISO or Stock Purchase Right) as follows: (i) by gift to a member of the Participant’s immediate family or (ii) by transfer by
instrument to a trust providing that the Non-Qualified Option is to be passed to beneficiaries who are members of the Participant’s immediate family upon death of the trustor (either or both (i) or (ii) referred to as a
“Permitted Transferee”). For purposes of this Section 8.10.1, “immediate family” shall mean the Optionee’s spouse (including a former spouse subject to terms of a domestic relations order); child,
stepchild, grandchild, child-in-law; parent, stepparent, grandparent, parent-in-law; sibling and sibling-in-law, and shall include adoptive relationships. 
 8.10.2  Conditions of Permitted Transfer. A transfer permitted under this Section 8.10 hereof may be made only upon written notice to and approval thereof by the
Administrator. 

  
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A Permitted Transferee may not further assign, sell or transfer the transferred Option, in whole or in part, other than by will or by operation of the laws of descent and distribution to the
extent permitted by Rule 12h-1. A Permitted Transferee shall agree in writing to be bound by the provisions of this Plan. 

8.11       Pledge.  No Participant shall, prior to the exercise of any Option
granted to such Participant, or prior to the purchase of Purchased Stock issuable to such Participant upon exercise of a Purchase Right, pledge, hypothecate or otherwise transfer, or initiate or maintain any short position, Put Equivalent Position
or Call Equivalent Position with respect to any unexercised Option or any Shares issuable upon exercise of any such unexercised Option or any award or purchase of Purchased Stock or any Shares purchasable pursuant to any Purchase Rights, except for
transfers permitted under Section 8.10 of the Plan. 
 SECTION 9:   ADJUSTMENTS; MARKET STAND-OFF

 9.1         Effect of Certain Changes. 

9.1.1    Stock Dividends, Splits, Etc.  If there is any change in the number of outstanding
shares of Stock by reason of a stock split, reverse stock split, stock dividend, recapitalization, combination or reclassification, then (i) the number of shares of Stock available for Rights, (ii) the number of shares of Stock covered by
outstanding Rights and (iii) the Exercise Price or Purchase Price of any Stock Option or Purchase Right in effect prior to such change, shall be proportionately adjusted by the Administrator to reflect any increase or decrease in the number of
issued shares of Stock; provided, however, that any fractional shares resulting from the adjustment shall be eliminated. 
 9.1.2    Liquidation, Dissolution, Merger or Consolidation.  In the event of a dissolution or liquidation of the Company, or any corporate separation or
division, including, but not limited to, a split-up, a split-off or a spin-off, or a sale of substantially all of the assets of the Company; a merger or consolidation in which the Company is not the Surviving Entity; a reverse merger in which the
Company is the Surviving Entity, but the shares of Company stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; or the transfer of more
than 90% of the then outstanding voting stock of the Company to another person or entity, then, the Company, to the extent permitted by applicable law, but otherwise in its sole discretion may provide for: (i) the continuation of outstanding
Rights by the Company (if the Company is the Surviving Entity); (ii) the assumption of the Plan and such outstanding Rights by the Surviving Entity or its parent; (iii) the substitution by the Surviving Entity or its parent of Rights with
substantially the same terms for such outstanding Rights; (iv) the cancellation of such outstanding Rights with payment of such alternate consideration as the Administrator, in good faith, may determine to be equitable in the circumstances,
which consideration may be equal to the difference between the Fair Market Value of the Stock underlying such unexercised Rights and the Exercise Price or the Purchase Price, as the case may be; or (v) the cancellation of such outstanding
Rights without payment of any consideration, provided that if such Rights would be canceled in accordance with the foregoing, the Participant shall have the right, exercisable during the later of the ten-day period ending on the fifth day prior to
such merger or consolidation or ten 

  
 13 

 
days after the Administrator provides the Rights holder a notice of cancellation, to exercise the vested portion of such Rights in whole or in part, or, if provided for by the Administrator using
its sole discretion in a notice of cancellation, to exercise such Rights in whole or in part without regard to any vesting provisions in the Rights agreement. 
 9.1.3     Further Adjustments.   Subject to Section 9.1.2, the Administrator shall have the discretion, exercisable at any time before a sale,
merger, consolidation, reorganization, liquidation or Change in Control, to take such further action as it determines to be necessary or advisable, and fair and equitable to Participants, with respect to Rights. Such authorized action may include
(but shall not be limited to) establishing, amending or waiving the type, terms, conditions or duration of, or restrictions on, Rights so as to provide for earlier, later, extended or additional time for exercise and other modifications, and the
Administrator may take such actions with respect to all Participants, to certain categories of Participants or only to individual Participants. The Administrator may take such action before or after granting Rights to which the action relates and
before or after any public announcement with respect to such sale, merger, consolidation, reorganization, liquidation or Change in Control that is the reason for such action. 
 9.1.4     Par Value Changes.   In the event of a change in the Stock of the Company as presently constituted which is limited to a change of all of its
authorized shares with par value, into the same number of shares without par value, or a change in the par value, the shares resulting from any such change shall be “Stock” within the meaning of the Plan. 

9.2       Decision of Administrator Final.   To the extent that the foregoing adjustments
relate to stock or securities of the Company, such adjustments shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive; provided, however, that each ISO granted pursuant to the
Plan shall not be adjusted in a manner that causes such Stock Option to fail to continue to qualify as an ISO without the prior consent of the Optionee thereof. 
 9.3       No Other Rights.   Except as hereinbefore expressly provided in this Section 9, no Participant shall have any rights by reason of any
subdivision or consolidation of shares of Company stock or the payment of any dividend or any other increase or decrease in the number of shares of Company stock of any class or by reason of any of the events described in Section 9.1, above, or
any other issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class; and, except as provided in this Section 9, none of the foregoing events shall affect, and no adjustment by reason
thereof shall be made with respect to, the number or price of shares of Stock subject to Rights. The grant of a Right pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structures or to merge or to consolidate or to dissolve, liquidate or sell, or transfer all or part of its business or assets. 

9.4       Market Stand-Off.   By exercising any Right granted under this Plan, each
Participant shall be deemed to have agreed that, in connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities Act of 1933, as amended,
including the Company’s initial public 

  
 14 

 
offering, such Participant will not sell, make any short sale of, loan, hypothecate, pledge, grant any option for the repurchase of, or otherwise dispose or transfer for value or otherwise agree
to engage in any of the foregoing transactions with respect to any Purchased Stock without the prior written consent of the Company or its underwriters, for such period of time from and after the effective date of such registration statement as may
be requested by the Company or such underwriters (the “Market Stand-Off”). 
 9.5
        Incorporation.   This section 9 shall be deemed to be incorporated into each Stock Option Agreement and Stock Purchase Agreement governing Rights granted under this Plan. 

SECTION 10:   AMENDMENT AND TERMINATION 
 The Board may amend, suspend or terminate the Plan at any time and for any reason. At the time of such amendment, the Board shall determine, upon advice from counsel, whether such amendment will be
contingent on shareholder approval. 
 SECTION 11:   GENERAL PROVISIONS 

11.1       General Restrictions. 

11.1.1   No View to Distribute.  The Administrator may require each person acquiring shares of Stock
pursuant to the Plan to represent to and agree with the Company in writing that such person is acquiring the shares without a view towards distribution thereof. The certificates for such shares may include any legend that the Administrator deems
appropriate to reflect any restrictions on transfer. 
 11.1.2   Legends.  All certificates for
shares of Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Administrator may deem advisable under the rules, regulations and other requirements of the SEC, any stock exchange upon which the
Stock is then listed and any applicable federal or state securities laws, and the Administrator may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

11.1.3   No Rights as Shareholder.  Except as specifically provided in this Plan, a Participant or a
transferee of a Right shall have no rights as a shareholder with respect to any shares covered by the Rights until the date of the issuance of a Stock certificate to him or her for such shares, and no adjustment shall be made for dividends (ordinary
or extraordinary, whether in cash, securities or other property) or distributions of other rights for which the record date is prior to the date such Stock certificate is issued, except as provided in Section 9.1, hereof. 

11.2       Other Compensation Arrangements.  Nothing contained in this Plan shall prevent the
Board from adopting other or additional compensation arrangements, subject to shareholder approval if such approval is required; and such arrangements may be either generally applicable or applicable only in specific cases. 

  
 15 

 11.3       Disqualifying Dispositions.   Any
Participant who shall make a “disposition” (as defined in Section 424 of the Code) of all or any portion of an ISO within two years from the date of grant of such ISO or within one year after the issuance of the shares of Stock
acquired upon exercise of such ISO shall be required to immediately advise the Company in writing as to the occurrence of the sale and the price realized upon the sale of such shares of Stock. 

11.4       Regulatory Matters.   Each Stock Option Agreement and Stock Purchase Agreement
shall provide that no shares shall be purchased or sold thereunder unless and until (i) any then applicable requirements of state or federal laws and regulatory agencies shall have been fully complied with to the satisfaction of the Company and
its counsel and (ii) if required to do so by the Company, the Optionee or Offeree shall have executed and delivered to the Company a letter of investment intent in such form and containing such provisions as the Board or Committee may require.

 11.5       Delivery.   Upon exercise of a Right granted under this Plan, the
Company shall issue Stock or pay any amounts due within a reasonable period of time thereafter. Subject to any statutory obligations the Company may otherwise have, for purposes of this Plan, thirty days shall be considered a reasonable period of
time. 
 11.6       Other Provisions.   The Stock Option Agreements and Stock
Purchase Agreements authorized under the Plan may contain such other provisions not inconsistent with this Plan, including, without limitation, restrictions upon the exercise of the Rights, as the Administrator may deem advisable. 

11.7       Conflicts.   If, with respect to any Right and/or Purchased Stock, there is any
conflict between the provisions of the Plan and the Stock Option Agreement or the Stock Purchase Agreement, as the case may be, applicable to such Right and/or Purchased Stock, then the provisions of such Stock Option Agreement or Stock Purchase
Agreement, as the case may be, shall be controlling with respect to such Right and/or Purchased Stock. 
 SECTION 12:
  INFORMATION TO PARTICIPANTS 
 To the extent necessary to comply with California law, the Company each year
shall furnish to Participants its balance sheet and income statement unless such Participants are limited to key Employees whose duties with the Company assure them access to equivalent information. Beginning December 31, 2010 and for so long
as the Company is relying upon the exemption from registration of Options or Purchase Rights under the Exchange Act as set forth in Rule 12h-1(f), the Company shall provide to each Participant the information prescribed by paragraph (f)(1)(vi) of
Rule 12h-1. Such information may be provided by the Company in any manner permitted by Rule 12h-1(f), and may be subject to any restrictions permitted by Rule 12h-1(f), including obligations of confidentiality. 

SECTION 13:   SHAREHOLDERS AGREEMENT 
 As a condition to the transfer of Stock pursuant to a Right granted under this Plan, the Administrator, in its sole and absolute discretion, may require the Participant to execute and

  
 16 

 
become a party to any agreement by and among the Company and any of its shareholders which exists on or after the Date of Grant (the “Shareholders Agreement”). If the Participant
becomes a party to a Shareholders Agreement, in addition to the terms of this Plan and the Stock Option Agreement or Stock Purchase Agreement (whichever is applicable) pursuant to which the Stock is transferred, the terms and conditions of
Shareholders Agreement shall govern Participant’s rights in and to the Stock; and if there is any conflict between the provisions of the Shareholders Agreement and this Plan or any conflict between the provisions of the Shareholders Agreement
and the Stock Option Agreement or Stock Purchase Agreement (whichever is applicable) pursuant to which the Stock is transferred, the provisions of the Shareholders Agreement shall be controlling. Notwithstanding anything to the contrary in this
Section 13, if the Shareholders Agreement contains any provisions which would violate Section 25102(o) of the California Corporations Code if applied to a Participant, then for so long as the Company continues to grant Rights under the
Plan in reliance upon the exemption from qualification set forth in such section, the terms of this Plan and the Stock Option Agreement or Stock Purchase Agreement (whichever is applicable) pursuant to which the Stock is transferred shall govern the
Participant’s rights with respect to such provisions. 
 SECTION 14:   EFFECTIVE DATE OF PLAN

 The effective date of this Plan is December 19, 2003. 

SECTION 15:   TERM OF PLAN 
 The Plan shall terminate automatically on December 19, 2013, but no later than prior to the 10th anniversary of the effective date. No Right shall be granted pursuant to the Plan after such date, but Rights
theretofore granted may extend beyond that date. The Plan may be terminated on any earlier date pursuant to Section 10 hereof. 

  
 17 

  
  
 LINKEDIN CORPORATION 
 STOCK OPTION AGREEMENT 

  
 18 

 THE OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SHARES ISSUABLE UPON THE EXERCISE
THEREOF 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 THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND
ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED. 
 STOCK OPTION AGREEMENT 

SECTION 1: GRANT OF OPTION 
 1.1        Option.  On the terms and conditions set forth in the notice of stock option grant to which this agreement (the
“Agreement”) is attached (the “Notice of Stock Option Grant”) and this Agreement, the Company grants to the individual named in the Notice of Stock Option Grant (the “Optionee”) the option to
purchase at the exercise price specified in the Notice of Stock Option Grant (the “Exercise Price”) the number of shares of Stock (the “Shares”) set forth in the Notice of Stock Option Grant. This option (the
“Option”) is intended to be either an ISO or a Non-Qualified Stock Option, as provided in the Notice of Stock Option Grant. 
 1.2        Stock Plan and Defined Terms.  This option is granted pursuant to and subject to the terms of the LinkedIn Corporation Amended and
Restated 2003 Stock Incentive Plan, as in effect on the date specified in the Notice of Stock Option Grant (which date shall be the later of (i) the date on which the Board resolved to grant this option or (ii) the first day of the
Optionee’s Service) and as amended from time to time (the “Plan”), a copy of which is attached hereto and which the Optionee acknowledges having received. Capitalized terms not otherwise defined in this Agreement have the
definitions ascribed to them in the Plan. 
 SECTION 2: RIGHT TO EXERCISE 

2.1        Exercisability.  Subject to Sections 2.2 and 2.3
below and the other conditions set forth in this Agreement, all or part of this option may be exercised prior to its expiration at the time or times set forth in the Notice of Stock Option Grant; provided, however, Shares purchased by
exercising this option shall be subject to the Repurchase Right under Section 7. Notwithstanding the foregoing, the Company may prohibit exercise of this Option, in part or in full, at any time for any period of time if the exercise of this
Option may, in the Board’s judgment, lead to the Company being obligated in the future to register its common stock with the United States Securities and Exchange Commission (the “SEC”) pursuant to Section 12(g) of the
Securities Exchange Act of 1934, as amended; provided, however, that if the Company so prohibits the exercise of this Option, the Company shall either permit the exercise of this Option at the times set forth in Section 6.1 or make the cash
payment described in such section. 
 2.2        $100,000
Limitation.  The aggregate fair market value (determined at the time the option is granted) of the Shares with respect to which ISOs are exercisable for the first time during any calendar year (under all ISO plans of the Company and
its Subsidiaries) shall not exceed $100,000. If this option is designated as an ISO in the Notice of Stock Option Grant, 

 
then to the extent (and only to the extent) the Optionee’s right to exercise this option causes this option (in whole or in part) to not be treated as an ISO by reason of the $100,000 annual
limitation under Section 422(d) of the Code, such options shall be treated as Non-Qualified Stock Options, but shall be exercisable by their terms. The determination of options to be treated as Non-Qualified Stock Options shall be made by
taking options into account in the order in which they are granted. If the terms of this option cause the $100,000 annual limitation under Section 422(d) of the Code to be exceeded, a pro rata portion of each exercise shall be treated as the
exercise of a Non-Qualified Stock Option. 
 2.3        Shareholder
Approval.  Any other provision of this Agreement notwithstanding, no portion of this option shall be exercisable at any time prior to the approval of the Plan by the Company’s shareholders. 

SECTION 3: NO TRANSFER OR ASSIGNMENT OF OPTION 
 Except as provided herein, other than by will or by operation of the laws of descent and distribution, an Optionee may not assign, sell, encumber, dispose of or otherwise transfer the Option (whether or
not then subject to any Repurchase Right (as defined in Section 7.1)), in whole or in part, or any Purchased Stock that is then subject to the Exercise Price Repurchase Right (as defined in Section 7.1). In addition, except as provided
herein, other than by will or by operation of the laws of descent and distribution, an Optionee may not assign, sell, encumber, dispose of or otherwise transfer in contravention of the Right of First Refusal or the Market Stand-Off any Purchased
Stock that is not then subject to the Exercise Price Repurchase Price. The Administrator, in its sole discretion, may permit the transfer of a Non-Qualified Option (but not an ISO) as follows: (i) by gift to a member of the Participant’s
immediate family or (ii) by transfer by instrument to a trust providing that the Option is to be passed to beneficiaries upon death of the trustor (either or both (i) or (ii) referred to as a “Permitted Transferee”).
For purposes of this Section 3, “immediate family” shall mean the Optionee’s spouse (including a former spouse subject to terms of a domestic relations order); child, stepchild, grandchild, child-in-law; parent,
stepparent, grandparent, parent-in-law; sibling and sibling-in-law, and shall include adoptive relationships. A transfer permitted under this Section 3 hereof may be made only upon written notice to and approval thereof by Administrator. A
Permitted Transferee may not further assign, sell or transfer the transferred option, in whole or in part, other than by will or by operation of the laws of descent and distribution. A Permitted Transferee shall agree in writing to be bound by the
provisions of this Plan. 
 SECTION 4: EXERCISE PROCEDURES 

4.1        Notice of Exercise.  The Optionee or the
Optionee’s representative may exercise this option by delivering a written notice in the form of Exhibit A attached hereto (“Notice of Exercise”) to the Company in the manner specified pursuant to Section 14.4
hereof. Such Notice of Exercise shall specify the election to exercise this option, the number of Shares for which it is being exercised and the form of payment, which must comply with Section 5. The Notice of Exercise shall be signed by the
person who is entitled to exercise this option. In the event that this option is to be exercised by the Optionee’s representative, the notice shall be accompanied by proof (satisfactory to the Company) of the representative’s right to
exercise this option. 

 4.2        Issuance of
Shares.  After receiving a proper Notice of Exercise, the Company shall cause to be issued a certificate or certificates for the Shares as to which this option has been exercised, registered in the name of the person exercising this
option (or in the names of such person and his or her spouse as community property or as joint tenants with right of survivorship). The Company shall cause such certificate or certificates to be deposited in escrow or delivered to or upon the order
of the person exercising this option. 
 4.3        Withholding
Taxes.  In the event that the Company determines that it is required to withhold any tax as a result of the exercise of this option, the Optionee, as a condition to the exercise of this option, shall make arrangements satisfactory to
the Company to enable it to satisfy all withholding requirements. The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy any withholding requirements that may arise in connection with the vesting or disposition
of Shares purchased by exercising this option. 
 SECTION 5: PAYMENT FOR STOCK 

5.1        General Rule.  The entire Exercise Price of Shares
issued under the Plan shall be payable in full by cash or check for an amount equal to the aggregate Exercise Price for the number of shares being purchased. Alternatively, in the sole discretion of the Plan Administrator and upon such terms as the
Plan Administrator shall approve, the Exercise Price may be paid by: 

5.1.1    Cashless Exercise.  A copy of instructions to a broker directing
such broker to sell the Shares for which this option is exercised, and to remit to the Company the aggregate Exercise Price of such option (“Cashless Exercise”); 

5.1.2    Stock-For-Stock Exercise.  Paying all or a portion of the Exercise
Price for the number of Shares being purchased by tendering Shares owned by the Optionee, duly endorsed for transfer to the Company, with a Fair Market Value on the date of delivery equal to the Exercise Price multiplied by the number of Shares with
respect to which this option is being exercised (the “Purchase Price”) aggregate Purchase Price of the shares with respect to which this option or portion hereof is exercised (“Stock-for-Stock Exercise”); or

 5.1.3    Attestation Exercise.  By a stock for stock exercise by
means of attestation whereby the Optionee identifies for delivery specific Shares already owned by Optionee and receives a number of Shares equal to the difference between the Option Shares thereby exercised and the identified attestation Shares
(“Attestation Exercise”). 
 5.2        Withholding
Payment.  The Exercise Price shall include payment of the amount of all federal, state, local or other income, excise or employment taxes subject to withholding (if any) by the Company or any parent or subsidiary corporation as a
result of the exercise of a Stock Option. The Optionee may pay all or a portion of the tax withholding by cash or check payable to the Company, or, at the discretion of the Administrator, upon such terms as the Administrator shall approve, by
(i) Cashless Exercise or Attestation Exercise; (ii) Stock-for-Stock Exercise; (iii) in the case of an Option, by paying all or a portion of the tax withholding for the number of shares being purchased by withholding shares from any
transfer or payment to the Optionee (“Stock withholding”); or (iv) a combination of one or more of the foregoing payment methods. Any shares issued pursuant to the exercise of an Option and transferred by the Optionee to the
Company for the purpose of satisfying any withholding obligation shall not again be available for purposes of the Plan. The fair market value of the number of shares subject to 

 
Stock withholding shall not exceed an amount equal to the applicable minimum required tax withholding rates. 

5.3        Promissory Note.  The Plan Administrator, in its sole
discretion, upon such terms as the Plan Administrator shall approve, may permit all or a portion of the Exercise Price of Shares issued under the Plan to be paid with a full-recourse promissory note; provided, however, that payment of
any portion of the Exercise Price by promissory note shall not be permitted where such loan would be prohibited by applicable laws, regulations and rules of the SEC and any other governmental agency having jurisdiction. However, in the event there
is a stated par value of the shares and applicable law requires, the par value of the shares, if newly issued, shall be paid in cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory
note and interest thereon. Subject to the foregoing, the Plan Administrator (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. 

5.4        Exercise/Pledge.  In the discretion of the Plan
Administrator, upon such terms as the Plan Administrator shall approve, payment may be made all or in part by the delivery (on a form prescribed by the Plan Administrator) of an irrevocable direction to pledge Shares to a securities broker or lender
approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 

SECTION 6: TERM AND EXPIRATION 
 6.1        Basic Term.  This Option shall expire and shall not be exercisable after the expiration of the earliest of (i) the Expiration Date
specified in the Notice of Stock Option Grant (the “Expiration Date”), (ii) three months after the date the Optionee’s Service with the Company and its Subsidiaries terminates if such termination is for any reason other
than death, Disability or Cause, (iii) one year after the date the Optionee’s Service with the Company and its Subsidiaries terminates if such termination is a result of death or Disability, and (iv) if the Optionee’s Service
with the Company and its Subsidiaries terminates for Cause, all outstanding Options granted to such Optionee shall expire as of the commencement of business on the date of such termination. Outstanding Options that are not vested at the time of
termination of employment for any reason shall expire at the close of business on the date of such termination. The Plan Administrator shall have the sole discretion to determine when this option is to expire. For any purpose under this Agreement,
Service shall be deemed to continue while the Optionee is on a bona fide leave of absence, to the extent required by applicable law. To the extent applicable law does not require Service to be deemed to continue while the Optionee is on a bona fide
leave of absence, such Service shall be deemed to continue if, and only if, expressly provided in writing by the Administrator or a duly authorized officer of the Company, Parent or Subsidiary for whom Optionee provides his or her services.
Notwithstanding the foregoing, to the extent the Option is vested and would otherwise be exercisable, but the Company has prohibited the exercise of the Option pursuant to Section 2.1, the Option shall become exercisable (A) upon the
closing of the Company’s initial firm commitment underwritten offering of securities to the public pursuant to a registration statement on Form S-1 (or any successor form) filed with, and declared effective by, the SEC and shall remain
exercisable until the date that is one month following the expiration of the Market Stand-Off, (B) upon a change in control of the Company in which the successor corporation has equity securities that are publicly traded or (C) at such
other times and for such other periods as the Company determines 

 
and informs Optionee. In no event shall the Option be exercisable subsequent to the Expiration Date. If the Company has prohibited the exercise of this Option prior to the Expiration Date
and has not thereafter permitted exercise of this Option as set forth above by the date that is one month prior to the Expiration Date, then the Company shall either (x) notify Optionee one month prior to the Expiration Date that this Option
shall be exercisable as to vested shares until the Expiration Date or (y) upon the Expiration Date pay the Optionee a cash amount equal to the difference between the Fair Market Value and the Exercise Price, multiplied by the number of vested
shares for which Optionee attempted to exercise this Option but was prevented from doing so by the Company pursuant to Section 2.1 and as to which vested shares this Option was never subsequently exercised; provided, however, that the
Company’s intent is to provide Optionee an equity ownership interest in the Company rather than provide cash compensation. 

6.2        Exercise After Death.    Subject to Section 2.1, all
or part of this option may be exercised at any time before its expiration under Section 6.1 above by the executors or administrators of the Optionee’s estate or by any person who has acquired this option directly from the Optionee by
beneficiary designation, bequest or inheritance, but only to the extent that this option had become vested before the Optionee’s death. When the Optionee dies, this option shall expire immediately with respect to the number of Shares for which
this option is not yet vested and with respect to any Share that is subject to the Exercise Price Repurchase Right (as such term is defined below). 
 6.3        Notice Concerning ISO Treatment.    If this option is designated as an ISO in the Notice of Stock Option Grant, it ceases to
qualify for favorable tax treatment as an ISO to the extent it is exercised (i) more than three months after the date the Optionee ceases to be an Employee for any reason other than death or permanent and total disability (as defined in
Section 22(e)(3) of the Code), (ii) more than 12 months after the date the Optionee ceases to be an Employee by reason of such permanent and total disability or (iii) after the Optionee has been on a leave of absence for more than 90
days, unless the Optionee’s reemployment rights are guaranteed by statute or by contract. 

SECTION 7:  RIGHT OF REPURCHASE 
 7.1        Repurchase Rights.    The Company shall have the right to repurchase (i) all or any portion of the shares that Optionee
has purchased upon exercise of this Option (the “Purchased Stock”) and that have vested in accordance with the vesting provisions set forth in the Notice of Stock Option Grant (the “Fair Market Repurchase Right”)
and/or (ii) all or any portion of the Purchased Stock that has not vested in accordance with such vesting provisions (the “Exercise Price Repurchase Right”). The Fair Market Repurchase Right and the Exercise Price Repurchase
Right are each referred to as a “Repurchase Right.” 

7.2        Repurchase Price.    The Fair Market Repurchase Right as to
any Purchased Stock shall be exercisable at a price per Share equal to the Fair Market Value of such Purchased Stock. The Exercise Price Repurchase Right as to any Purchased Stock which remains subject to the Exercise Price Repurchase Right shall be
exercisable at a price per share equal to the Exercise Price of such shares. For purposes of this Agreement, the term “Repurchase Price” shall mean, with respect to any Purchased Stock, the aggregate price to be paid by the Company
for such Purchased Stock in connection with the exercise of the Repurchase Right, as determined under this Section 7.2. 

 7.3        Exercise of Repurchase
Right.    The Exercise Price Repurchase Right may be exercised only within 90 days after the termination of the Optionee’s Service (or in the case of shares issued upon exercise of this Option after the date of
termination, within 90 days after the date of the exercise) for cash or for cancellation of indebtedness incurred in purchasing the shares. 
 7.4        Condition Precedent to Exercise.    The Fair Market Repurchase Right shall be exercisable only during the 90-day period next
following the later of: 
 7.4.1     The date when the Optionee’s Service terminates for any
reason, with or without Cause, including (without limitation) death or disability; or 
 7.4.2
    The date when this Option was exercised by the Optionee, the executors or administrators of the Optionee’s estate or any person who has acquired this Option directly from the Optionee by bequest, inheritance or
beneficiary designation. 
 7.5        Lapse of Stock Repurchase
Right.    Notwithstanding any of the foregoing, the Fair Market Repurchase Right (but not the Exercise Price Repurchase Right) shall lapse with respect to (i) Shares that are registered under a then currently effective
registration statement under applicable federal securities laws and the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or becomes an investment company registered or required to be registered under
the Investment Company Act of 1940, or (ii) Shares for which a determination is made by counsel for the Company that such Fair Market Repurchase Right is not permitted by applicable federal or state securities laws. 

7.6        Exercise of Repurchase Right.    The Company shall exercise
any Repurchase Right by written notice delivered to the Optionee prior to the expiration of the 90-day period specified in Section 7.3 or 7.4 above. The notice shall set forth the date on which the repurchase is to be effected, which must occur
within 31 days of the notice. The certificate(s) representing the Purchased Stock to be repurchased shall, prior to the close of business on the date specified for the repurchase, be delivered to the Company properly endorsed for transfer. The
Company shall, concurrently with the receipt of such certificate(s), pay to the Optionee the Repurchase Price determined according to this Section 7. Payment shall be made in cash or cash equivalents or by canceling indebtedness to the Company.
Each Repurchase Right shall terminate with respect to any Purchased Stock for which it has not been timely exercised pursuant to this Section 7.6. 
 7.7        Repurchase Right Adjustments.    If there is any change in the number of outstanding shares of Stock by reason of a stock
split, reverse stock split, stock dividend, an extraordinary dividend payable in a form other than stock, recapitalization, combination or reclassification, or a similar transaction affecting the Company’s outstanding securities without receipt
of consideration, then (i) any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) distributed with respect to any Purchased Stock (or into which such Purchased Stock
thereby become convertible) shall immediately be subject to the Repurchase Rights; and (ii) appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of the Purchased Stock and
to the price per share to be paid upon the exercise of any Repurchase Right; provided, however, that the aggregate Repurchase Price payable for the Purchased Stock shall remain the same. 

 7.8        Termination of Rights as
Shareholder.    If the Company makes available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Stock or Options to be repurchased in accordance with this
Section 7, then after such time the person from whom such Purchased Stock are to be repurchased shall no longer have any rights as a holder of such Purchased Stock (other than the right to receive payment of such consideration in accordance
with this Agreement). Such Purchased Stock shall be deemed to have been repurchased in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 

7.9        Escrow.    Upon issuance, the certificates for Purchased
Stock shall be deposited in escrow with the Company to be held in accordance with the provisions of this Agreement. Any new, substituted or additional securities or other property described in Section 7.7 above shall immediately be delivered to
the Company to be held in escrow. All regular cash dividends on Purchased Stock (or other securities at the time held in escrow) shall be paid directly to the Optionee and shall not be held in escrow. Purchased Stock, together with any other assets
or securities held in escrow hereunder, shall be (i) surrendered to the Company for repurchase and cancellation upon the Company’s exercise of its Repurchase Rights or Right of First Refusal or (ii) released to the Optionee upon the
termination of the Repurchase Rights and the Right of First Refusal. In any event, all Purchased Stock (and any other vested assets and securities attributable thereto) shall be released following 90 days after the later of (i) the
Purchaser’s cessation of Service or (ii) the lapse of the Right of First Refusal, to the extent not otherwise repurchased by the Company in accordance with the terms hereof. 

SECTION 8:  RIGHT OF FIRST REFUSAL 
 8.1        Right of First Refusal.    In the event that the Optionee proposes to sell, pledge, hypothecate, dispose of or otherwise
transfer to a third party any Shares acquired under this Agreement that are not then subject to the Exercise Price Repurchase Right, or any interest in such Shares, to any person, entity or organization (the “Transferee”),
(i) the Company shall have the Right of First Refusal with respect to all (and not less than all) of such Shares (the “Right of First Refusal”) and (ii) the Optionee shall give a written transfer notice (“Transfer
Notice”) to the Company describing fully the proposed transfer, including the number of such Shares proposed to be transferred, the proposed transfer price, the name and address of the proposed Transferee and proof satisfactory to the
Company that the proposed sale or transfer will not violate any applicable federal or state securities laws. The Transfer Notice shall be signed both by the Optionee and by the proposed Transferee and must constitute a binding commitment of both
parties to the transfer of such Shares. The Company shall have the right to purchase all, and not less than all, of such Shares on the terms of the proposal described in the Transfer Notice by delivery of a notice of exercise of the Right of First
Refusal within 30 days after the date when the Transfer Notice was received by the Company. The Company’s rights under this Section 8.1 shall be freely assignable, in whole or in part. 

8.2        Additional Shares or Substituted Securities.    In the
event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the
Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction
distributed with respect to any Shares subject to this Section 8 or into which such Shares thereby become convertible shall 

 
immediately be subject to this Section 8. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of the Shares subject to
this Section 8. 
 8.3        Termination of Right of First
Refusal.    Any other provision of this Section 8 notwithstanding, the Right of First Refusal shall terminate and the Optionee shall have no obligation to comply with the procedures prescribed by this Section 8 upon
the earlier of (A) closing of the Company’s initial firm commitment underwritten offering of securities to the public pursuant to a registration statement on Form S-1 (or any successor form) filed with, and declared effective by, the SEC
or (B) a Change in Control of the Company in which the successor corporation is subject to the reporting requirements of the SEC and has equity securities that are publicly traded on the New York Stock Exchange or The Nasdaq Stock Market.

 8.4        Permitted Transfers.    This Section 8
shall not apply to a transfer (i) by gift to a member of the Participant’s immediate family or (ii) by transfer by instrument to a trust providing that the Option is to be passed to beneficiaries upon death of the trustor. For
purposes of this Section 8.4, “immediate family” shall mean the Optionee’s spouse (including a former spouse subject to terms of a domestic relations order); child, stepchild, grandchild, child-in-law; parent, stepparent,
grandparent, parent-in-law; sibling and sibling-in-law, and shall include adoptive relationships. 

8.5        Termination of Rights as Shareholder.    If the Company
makes available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be purchased in accordance with this Section 8, then after such time the person from whom such Shares are to be
purchased shall no longer have any rights as a holder of such Shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such Shares shall be deemed to have been purchased in accordance with the
applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 

SECTION 9:  OBLIGATION TO SELL. 
 Notwithstanding anything herein to the contrary, if at any time following Optionee’s acquisition of Shares hereunder, shareholders of the Company owning 51% or more of the shares of the Company (on a
fully diluted basis) (the “Control Sellers”) enter into an agreement (including any agreement in principal) to transfer all of their shares to any person or group of persons who are not affiliated with the Control Sellers, such
Control Sellers may require each shareholder who is not a Control Seller (a “Non-Control Seller”) to sell all of their shares to such person or group of persons at a price and on terms and conditions the same as those on which such
Control Sellers have agreed to sell their shares, other than terms and conditions relating to the performance or non-performance of services. For the purposes of the preceding sentence, an affiliate of a Control Seller is a person who controls,
which is controlled by, or which is under common control with, the Control Seller. 
 SECTION 10: SHAREHOLDERS AGREEMENT

 As a condition to the issuance of Stock pursuant to this Agreement, the Administrator, in its sole and absolute
discretion, may require the Optionee to execute and become a party to any agreement by and among the Company and any of its shareholders which exists on or after the Date 

 
of Grant (the “Shareholders Agreement”). If the Optionee becomes a party to a Shareholders Agreement, in addition to the terms of the Plan and this Agreement, the terms and
conditions of Shareholders Agreement shall govern Optionee’s rights in and to the Stock; and if there is any conflict between the provisions of the Shareholders Agreement and the Plan or any conflict between the provisions of the Shareholders
Agreement and this Agreement, the provisions of the Shareholders Agreement shall be controlling. Notwithstanding anything to the contrary in this Section 10, if the Shareholders Agreement contains any provisions which would violate
Section 25102(o) of the California Corporations Code if applied to the Optionee, the terms of the Plan and this Stock Option Agreement shall govern the Participant’s rights with respect to such provisions. 

SECTION 11:  LEGALITY OF INITIAL ISSUANCE 
 No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: 
 11.1      It and the Optionee have taken any actions required to register the Shares under the Securities Act of 1933, as amended (the “Securities
Act”) or to perfect an exemption from the registration requirements thereof; 

11.2      Any applicable listing requirement of any stock exchange on which Stock is listed has been
satisfied; and 
 11.3      Any other applicable provision of state or federal law has been
satisfied. 
 SECTION 12:  NO REGISTRATION RIGHTS 

The Company may, but shall not be obligated to, register or qualify the sale of Shares under the Securities Act or any other applicable
law. The Company shall not be obligated to take any affirmative action in order to cause the sale of Shares under this Agreement to comply with any law. 
 SECTION 13:  RESTRICTIONS ON TRANSFER 

13.1      Securities Law Restrictions.    Regardless of whether the offering and
sale of Shares under the Plan have been registered under the Securities Act or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of
such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with
the Securities Act, the securities laws of any state or any other law. 
 13.2      Market
Stand-Off.    In the event of an underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Act, including the Company’s initial public offering
(a “Public Offering”), the Optionee shall not Transfer for value any shares of Stock without the prior written consent of the Company or its underwriters, for such period of time from and after the effective date of such
registration statement as may be requested by the Company or such underwriters (the “Market Stand-Off”). The Market Stand-off shall be in effect for such period of time following the date of the final prospectus for the offering as
may be requested by the Company or such underwriters. In the event of the declaration of a stock dividend, a spin-off, a stock split, an adjustment in conversion 

 
ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities which are by
reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become convertible, shall immediately be subject to the Market Stand-Off. In order to enforce the Market Stand-Off,
the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable stand-off period. 
 13.3      Investment Intent at Grant.  The Optionee represents and agrees that the Shares to be acquired upon exercising this option will be acquired for
investment, and not with a view to the sale or distribution thereof. 
 13.4      Investment
Intent at Exercise.  In the event that the sale of Shares under the Plan is not registered under the Securities Act but an exemption is available which requires an investment representation or other representation, the Optionee shall
represent and agree at the time of exercise that the Shares being acquired upon exercising this option are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such other representations as are
deemed necessary or appropriate by the Company and its counsel. 

13.5      Legends.  All certificates evidencing Shares purchased under this Agreement in
an unregistered transaction shall bear the following legend (and such other restrictive legends as are required or deemed advisable under the provisions of any applicable law): 

“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 THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.” 

13.6      Removal of Legends.  If, in the opinion of the Company and its counsel, any
legend placed on a stock certificate representing Shares sold under this Agreement no longer is required, the holder of such certificate shall be entitled to exchange such certificate for a certificate representing the same number of Shares but
without such legend. 
 13.7      Administration.  Any determination by the
Company and its counsel in connection with any of the matters set forth in this Section 13 shall be conclusive and binding on the Optionee and all other persons. 
 SECTION 14:  MISCELLANEOUS PROVISIONS 

14.1      Rights as a Shareholder.  Except as specifically provided herein, Optionee shall
have no rights as a shareholder of the Company until the date of the issuance of a Stock certificate to him or her for such shares, and no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other
property) or distributions of other rights for which the record date is prior to the date such Stock certificate is issued, except as provided in Section 9.1 of the Plan. 

 14.2      Adjustments.  If there is any
change in the number of outstanding shares of Stock by reason of a stock split, reverse stock split, stock dividend, recapitalization, combination or reclassification, then (i) the number of shares subject to this Option and (ii) the
Exercise Price of this Option, in effect prior to such change, shall be proportionately adjusted to reflect any increase or decrease in the number of issued shares of Stock; provided, however, that any fractional shares resulting from
the adjustment shall be eliminated. In the event of a dissolution or liquidation of the Company, or any corporate separation or division, including, but not limited to, a split-up, a split-off or a spin-off, or a sale of substantially all of the
assets of the Company; a merger or consolidation in which the Company is not the Surviving Entity; a reverse merger in which the Company is the Surviving Entity, but the shares of Company stock outstanding immediately preceding the merger are
converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; or the transfer of more than 90% of the then outstanding voting stock of the Company to another person or entity, then, the Company, to the
extent permitted by applicable law, but otherwise in its sole discretion may provide for: (i) the continuation of outstanding Stock Options by the Company (if the Company is the Surviving Entity); (ii) the assumption of the Plan and such
outstanding Stock Options by the Surviving Entity or its parent; (iii) the substitution by the Surviving Entity or its parent of Stock Options with substantially the same terms for such outstanding Stock Options; (iv) the cancellation of
such outstanding Stock Options with payment of such alternate consideration as the Administrator, in good faith, may determine to be equitable in the circumstances, which consideration may be equal to the difference between the Fair Market Value of
the Stock underlying such unexercised Stock Options and the Exercise Price; or (v) the cancellation of such outstanding Stock Options without payment of any consideration, provided that if such Stock Options would be canceled in accordance with
the foregoing, the Optionee shall have the right, exercisable during the later of the ten-day period ending on the fifth day prior to such merger or consolidation or ten days after the Administrator provides the Optionee a notice of cancellation, to
exercise the vested portion of such Stock Options in whole or in part, or, if provided for by the Administrator using its sole discretion in a notice of cancellation, to exercise such Stock Options in whole or in part without regard to any vesting
provisions in this Agreement or the Notice of Stock Option Grant. 
 14.3      No Retention
Rights.  Nothing in this option or in the Plan shall confer upon the Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any
Parent or Subsidiary employing or retaining the Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without Cause. 

14.4      Notice.  Any notice required by the terms of this Agreement shall be given in
writing and shall be deemed effective upon personal delivery or upon deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. Notice shall be addressed the Optionee at the address set forth in
the records of the Company. Notice shall be addressed to the Company at: 
  

	
	LinkedIn Corporation
	 2029 Stierlin Court
 Mountain
View, California 94043

 14.5      Entire Agreement.  The
Notice of Stock Option Grant, this Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter 

 
hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) that relate to the subject matter hereof. 

14.6      Choice of Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD TO ITS CHOICE OF LAWS PROVISIONS, AS CALIFORNIA LAWS ARE APPLIED TO CONTRACTS ENTERED INTO AND PERFORMED IN SUCH STATE. 

14.7      Attorneys’ Fees.  In the event that any action, suit or proceeding is
instituted upon any breach of this Agreement, the prevailing party shall be paid by the other party thereto an amount equal to all of the prevailing party’s costs and expenses, including attorneys’ fees incurred in each and every such
action, suit or proceeding (including any and all appeals or petitions therefrom). As used in this Agreement, “attorneys’ fees” shall mean the full and actual cost of any legal services actually performed in connection with the
matter involved calculated on the basis of the usual fee charged by the attorney performing such services and shall not be limited to “reasonable attorneys’ fees” as defined in any statute or rule of court. 

14.8      Counterparts.  This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

									
	 Optionee:
	 	 	 	LinkedIn Corporation
					
	By:	 	  
	 		 	By:	 	  

									
					
	Name:	 	  
	 		 	Name:	 	  

					
		 		 		 	Its:	 	  

 EXHIBIT A 
 NOTICE OF EXERCISE 
 (To be signed only upon exercise of the Option)

   LinkedIn Corporation 
   2029 Stierlin Court 
   Mountain View, California 94043

 The undersigned, the holder of the enclosed Stock Option Agreement, hereby irrevocably elects to exercise the purchase rights
represented by the Option and to purchase thereunder             * shares of Common Stock of LinkedIn Corporation (the “Company”), and herewith encloses payment of
$                     and/or          shares of the Company’s common stock in full payment
of the purchase price of such shares being purchased. 
 The undersigned confirms that: (1) the Company has delivered to
the undersigned, a reasonable period before exercise of the Option, certain information, including a summary of the material terms of the Company’s Amended and Restated 2003 Stock Incentive Plan, information about the risks associated with
exercising the Option and financial statements of the Company; (2) the Shares being acquired upon exercising this Option are being acquired for investment, and not with a view to sale or distribution; and (3) based on the
undersigned’s knowledge about the Company, education, business and life experience, the undersigned is able to evaluate the merits and risks of purchasing the Shares by exercising the Option. 

Dated:
                                 

YOUR STOCK MAY BE SUBJECT TO RESTRICTIONS AND FORFEITABLE UNDER THE NOTICE OF STOCK OPTION GRANT AND THE OPTION AGREEMENT 

 
  

	
	  
 (Signature
must conform in all respects to name of holder as specified on the face of the Option)

	
	  
 (Please
Print Name)

	
	  

(Address)

*         Insert here the number of shares called for on the face of the Option, or, in the case of a partial
exercise, the number of shares being exercised, in either case without making any adjustment for additional Common Stock of the Company, other securities or property that, pursuant to the adjustment provisions of the Option, may be deliverable upon
exercise.

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